Should I Have an Umbrella Insurance Policy?

Anyone who wishes to protect themselves from major claims or lawsuits, or would like to protect their assets or earnings would benefit from an umbrella insurance policy. Insuring your future is what an umbrella insurance policy can help with by safeguarding your future earnings, your home or cash savings.

When Would I Use My Umbrella Insurance Policy?

A personal umbrella insurance policy covers you when your auto, home or other personal lines insurance policy is exhausted by a covered insurance claim.

Example: You get into a car accident where you are at fault. Your insurance policy covers you for $250,000 in 3rdparty damages. However, the other individuals in the car accident needed medical attention & their car was totaled. The total damages for the other party cost $350,000.

You are responsible for the remaining $100,000. If you have an umbrella insurance policy, it would then kick in to cover this excess liability. If you don’t have an umbrella policy, would you be able to foot the bill? If you cannot pay for the remaining balance, a court may issue your future wages to be garnished.

Similarly, homeowners need to protect themselves from a liability claim. Whether you’re hosting a party and serve too much alcohol, have a slip and fall accident on your sidewalk or your dog bites a neighbor, you can be held liable for medical bills, rehabilitation programs and lost wages.

How are you covered?

By purchasing an umbrella policy, you can be covered for the following items:

  1. Bodily injury: Medical bills and settlement for injuries sustained to the third party.
  2. Property damage: Damages sustained to the property of a third-party.
  3. Other damage: Libel & slander, other claims expenses.
  4. Legal fees: Hiring an attorney can be expensive. An umbrella insurance policy helps cover the cost.

There are countless situations that can occur and exhaust your current liability limits on your home or auto insurance policy. Good news: umbrella insurance policies are relatively inexpensive, typically starting around $155 per year. Contact an agent at our office for your personalized umbrella insurance quote today. We can help you determine how much coverage you need.

Hosting a holiday party? 3 Things to Keep in Mind.

There are many factors that go into hosting a great holiday party. Whether it’s prepping your family’s homemade, traditional recipes, cleaning your home for guests or decorating for the perfect holiday festivity, hosting a party is a lot of work! At the same time, it can be fun & your guests may look forward to your party for weeks. While we wish parties could be all fun and games, there are some risks you should be aware of.

Alcohol

We all know and understand the risks of drinking too much alcohol. However, when you are the host of a party and serving alcohol, you could be liable if someone leaves your home after drinking too much and gets into a car accident. As a host, be aware of how much your guests are drinking and ensure they have a safe ride home. Even if that means calling a taxi or Uber for them.

Tripping Hazards

There are many ways a guest could trip and fall inside or outside your home. You can be liable and a home insurance claim may need to be placed if a guest is injured on your property. Here are a few things to consider to avoid a tripping hazard.

  • Have a clear walkway path from your driveway to front door. Ensure there are no extension cords, cracks in the sidewalk or an icy path where your guest could fall.
  • Clear toys, decorations or other objects from the hallways or stair case in your home.
  • Ensure your rugs aren’t bunched where a guest could trip.

Distracted Cooking

Did you know cooking is the number #1 reason for home fires? It’s easy to get distracted when you’re hosting a party and trying to cook your meal at the same time. However, don’t allow yourself to multi-task or leave the kitchen while heating elements are running.  Other things to consider:

  • Know where your fire extinguisher is located in your home.
  • If a grease or oven caught fire, would you know what to do? For a grease fire, don’t throw water on it, but instead, smother it. For an oven fire, keep the door closed and turn off the oven.
  • If you like to deep fry turkeys, keep it at least 10 feet away from your home.

Holiday parties give lasting memories for not only the host, but the guests as well. However, being prepared is crucial to protect yourself from liability. For questions about your home or liability insurance, contact our agency!

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November Newsletter

Difference Between Homeowner’s Insurance and a Home Warranty:

There are a lot of people buying new homes in our area and during the escrow process, you might be presented with the option to buy a home warranty policy. Have you ever stopped to wonder what’s the difference between that home warranty and the equipment breakdown coverage you might see on your homeowners policy?

Our friends at Safeco Insurance Company provide us this brief explanation…Both types of documents provide coverage for things like well pumps, dishwashers, garbage disposals, ovens, washers and dryers as well as your refrigerator and water heater. The difference is, with equipment breakdown coverage the loss must be sudden and accidental in nature and overall wear and tear is specifically excluded. The Home Warranty on the other hand covers normal wear and tear, whereas accidental damage is not covered. In short, if it’s sudden and accidental there is a good chance your Homeowner’s Insurance will cover it, if it’s an instance of wear and tear we suggest you check with your Home Warranty if you have one.

If you have any specific questions call your agent at Heuer Insurance.

Agency Happenings:

We spent Halloween afternoon cleaning up our “adopted” park. We were fortunate to have beautiful weather and enjoyed the time outside as a team doing our part in helping keep our community clean.

 

 

Shameless Plug:

Don’t forget our referral program! Congratulations to Theresa N. and Paula C. They were dual winners in September.

There’s plenty more chances to win this year. Like us on Facebook and tell your friends about us. You could be next!

Above all, THANK YOU for your continued business, we so appreciate it! We have a ton in store for our upcoming 90th Anniversary. Be sure to stay tuned for some exciting announcements…