How to Design a Condo Insurance Policy

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If you live in Manchester, NH and own a condo, you’re required to have a minimum level of coverage. However, the minimum may not be enough to cover the costs of every event. If you want to design a policy that will really protect you, Associated American Insurance may be able to help. Learn more about what it takes to review and finalize a policy that will give you the peace of mind you need. 

Personal Possessions 

There is a common problem for all property homeowners: they believe their insurance covers their belongings regardless of their policy. But this is not always the case (and often owners don’t find out about this until it’s too late). Your policy may only cover physical damage to the unit, as opposed to items that are lost, stolen, or destroyed. Your policy will also have limits imposed for each policy owner, and may only cover a small portion of everything lost. For more coverage, you’ll need a more comprehensive condo insurance policy. 

Liability 

Liability coverage will protect you in case of mistakes or neglect. For example, if a friend falls over a toy that was left in the living room, you may be responsible for their medical injuries. Similar to the property limits, your insurance policy will also impose liability limits. If you can’t cover everything via your insurance, you’ll be expected to pay for the costs out-of-pocket. 

Ask Us 

From pet damage to identity theft insurance, there are a number of ways to customize your insurance policy based on your preferences. If you want to learn more about how to insulate yourself from unexpected catastrophes, call Associated American Insurance today. We’re here to help the Manchester, NH keep their condos and their belongings in one piece.  

Roadside Auto Coverage with My Auto Insurance Policy in Westerville, OH

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Associated Inurance Agencies Inc. serves the Westerville, OH area and wants to make sure that all of your options are available to you. When you are purchasing an auto insurance policy, it’s important to know the requirements as well as the add-ons and whether they are worth it or not. The real question for us is, "How much is roadside insurance worth to you?"

Third Parties vs. Your Current Auto Insurance Carrier

It’s important to educate yourself on the differences. One of the main differences with adding on roadside insurance assistance to your current auto policy is that you get what you pay for. Generally, your auto insurance roadside insurance will offer more perks and be less expensive including:

  • Towing
  • Battery charging and services
  • Flat tire assistance
  • Winching
  • Extrication
  • Fuel delivery

The state of Ohio has a very minimum bare bones requirement on automobile policies: Bodily Injury Liability Coverage as well as Property Damage Liability Coverage. Rarely does a car owner just go with this type of insurance. In order to demonstrate financial responsibility, most people up to their bodily injury and property damage from $25,000 to $50,000. If your minimum insurance doesn’t cover all property damage in case of an accident, your assets may be seized. 

What do You Want to Pay for?

Because the minimum amount of insurance is more of a risk, most people choose to protect their assets. In fact, some car loan companies may require you to carry full coverage and coverage on any other drivers if you are getting a car loan. This is one reason that many people also choose to add on roadside assistance. 

Roadside assistance coverage is an option on almost every insurance policy. For most people, using your roadside assistance coverage does not lead to an increase in your rate. 

Please stop by one of our six locations serving the Westerville, OH area. Associated Inurance Agencies Inc. wants to make sure that you have a policy that fits your exact needs. Current customers are also encouraged to stop by on an annual basis to keep their policy updated. 

 

Why You Might Need Commercial Insurance for a Home-Based Business

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Associated Inurance Agencies Inc.

Technological improvements have made it easier for people to start home-based businesses. However, this ease of entry can make owners think they can take shortcuts. Many believe it unnecessary to have commercial insurance, for example. Then, when calamity strikes, as it so often does, these entrepreneurs realize their mistake. Some even lose everything.

To better increase, the odds of your business succeeding, discuss the merits of commercial insurance with the helpful staff of Associated Insurance Agencies Inc., which serves the Westerville, OH region. But, first, keep reading to find out just why home-based businesses often need commercial insurance.

Clients or Employees in the Home

If your clients visit your home, then you really should have commercial insurance. Likewise, if you have others present working for you, be sure to get coverage. Without this protection, you could wind up paying out-of-pocket for harm to clients or employees.

You never know when someone might slip and fall. You never know when they might blame you for something stolen while on the premises. Without sufficient insurance, when something bad happens, you will have to handle all the costs of defending your reputation. If found liable, all the costs of damage done could fall upon you.

Errors and Omissions

Everyone makes mistakes. Professionals should have errors and omissions commercial insurance to ensure they have adequate protection when they fail to live up to recognized standards.

Never assume that you will always do the right thing. Even if you have done your best, a customer or the court may find your performance lacking.

Business Property

Running a business from home means you will have expensive equipment, from computers to fax machines, sitting around. This property can be damaged or stolen. Without insurance, you will have to replace it with money from your operating account, reducing profits. Commercial insurance could help in this regard.

Get Started Protecting Your Future

For more information, contact Associated Insurance Agencies Inc., serving the Westerville, OH region and beyond. The professional staff can help you find the optimal amount of commercial insurance for your particular home-based business. Get a free quote today.

 

What Affects Home Insurance Premiums?

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What Affects my Home?

Several things can affect your home insurance premiums in Westerville, OH, and an agent at Associated Insurance Agencies, Inc. can help you make sure you are getting adequate coverage for your home.

  • Age of Home and Materials: As your home and roof age, the structure is more susceptible to damage. This causes the replacement costs to go up over time, which can increase your premium.
  • Trampolines and Pools: These and other attractive nuisances, as they are called, are fun things to have, but they can also cause premiums to increase. You are liable for injuries people have while using them, whether or not you permitted them to do so.
  • Certain Dogs: Certain dog breeds will raise premiums or make it even more challenging to get insurance. Dog bites can account for one-third of all insurance claims.
  • Previous Claims: If you have more claims made over time, then you are considered more of a risk, and it can lead to higher premiums. With too many claims, you run the risk of not having your policy renewed.
  • Home Security: A home security system can reduce your premium because it adds an extra layer of protection for the home and your belongings. Another thing that adds additional security is by replacing old locks with deadbolts.
  • Credit History: Insurance companies can use your credit history to determine your insurance score, which can affect your premium. Some of the items they look at include outstanding debt, credit history length, payment history, and credit mix.
  • Home Remodeling: Remodeling, whether it’s a bathroom or kitchen, is likely to raise the value of your home, which means this should be reflected in the policy. Materials and construction costs need to be taken into consideration, which could increase premiums.

Contact Associated Insurance Agencies, Inc. serving Westerville, OH, to get a quote on home insurance.