Does Boat Insurance Cover Storm Damage While in Harbor?

Purchasing a boat is a major investment that requires solid insurance to protect from a loss. Boats are susceptible to a variety of conditions that can create damage or loss. Knowing your insurance and understand the limits of coverage is the key to preventing gaps in your policy that leave room for financial losses. A question you may have as a boat owner is whether or not you are covered from storm damage that occurs in a harbor?

Storm Damage

Damages that result from a storm while in the harbor are usually covered by boat insurance. However, if the insurance company feels that you failed to properly secure your boat or prepare in advance for a storm that was expected, then your claim could be denied. The best way to prevent a denied claim is to always take measures to secure your boat or move it out of harm’s way if a storm is expected. Don’t assume your boat will be covered if you leave it in the harbor and you could move it to a safer location to prevent damages. 

Getting Proper Insurance Coverage

Securing your boat also means securing the right type of boat insurance. Don’t leave your investment unprotected. Get coverage that will help you repair or replace your boat when the unexpected happens. If you live in or around the Groveport, OH area, you should consult with Keystone Insurance Agency LLC to find out what type of coverage will work best for your situation and how to prevent a denied claim. Their knowledgeable insurance agents can work with you to educate you and tell you how you can prevent damages to your boat in the future.

A boat is an investment that you should protect with high-quality insurance products. If you are a resident in or around the Groveport, OH area, you should call or stop by Keystone Insurance Agency LLC to get more information on boat insurance. 

Do You Need Insurance On Your Motorcycle?

Everyone who rides a motorcycle considers it a very valuable asset. Just like any other machine, the bikes are prone to damage especially if they are involved in accidents. Bearing this in mind, the bikers are faced with the dilemma of whether to insure or not to insure their motorcycles. The process of getting an insurance is hectic but at the end of the day, it proves to be the best decision collectively. If you reside in Groveport, OH, feel free to visit Keystone Insurance Agency LLC to insure your motorcycle. Below are the reasons why you need to insure your motorcycle.

Accident and property damage

Riding a motorcycle is such an awesome experience and sometimes the rider may be caught up in the moment and over speed. High speed may lead to fatal accidents. The accident can also be caused by a faulty part of the bike. If by any chance the accident occurs, the damages caused are catered for by the insurance adequately, if the bike was insured. If it is not insured, then the rider will have to cater for everything including health bills and property damage. Remember to get the right quote that you can afford comfortably.

State requirement

It is illegal to ride a motorcycle that has not been insured. For this reason, it is important to insure the bike right after you have bought it. If you are caught riding a bike that is not insured, serious charges will be leveled against you. Insuring the bike will help you avoid this problem. If you are having an issue with your motorcycle insurance and reside in Groveport ,OH, visit Keystone Insurance Agency LLC and you will be assisted accordingly.

 

What Is Covered With An Umbrella Insurance Policy?

It’s important to have sufficient coverage across all of your insurance policies. You never know what is going to happen, which is why it’s a good idea to have an umbrella insurance policy. There are a number of things that can be covered by the policy to provide you with additional financial protection.

Coverage Levels

When you’re in Groveport, OH, you want to have as much protection as possible. An umbrella insurance policy for homeowners is generally going to add to coverage to your existing policies, such as your homeowner’s insurance policy as well as your auto insurance. This way, if you have to file a claim with large dollar amounts, you are less likely to pay out-of-pocket beyond the deductible.

All aspects of your policy have a specific coverage amount. The umbrella policy would cover you beyond that amount. For example, if you have weather damage coverage on your homeowner’s policy up to $50,000 and you have $60,000 worth of damage, the umbrella policy would cover the $10,000 remainder. Otherwise, that amount would be your own financial responsibility.

Setting the Amount

You want to avoid major expenditures when it comes to insurance claims. As such, you will want to look at the coverage levels on all aspects of your insurance policies. From there, Keystone Insurance Agency LLC can help you to determine the total amount that your umbrella insurance should be written for. It can be the ultimate way to file a claim knowing that you have sufficient coverage in place.

You never know what could happen in Groveport, OH. However, umbrella insurance can provide you with a greater level of confidence knowing that you have policies in place. At Keystone Insurance Agency LLC, there are agents to help you every step of the way so that you can get a good policy.

 

 

 

My House Was Damaged by a Flood but now It’s a Water Event?

When it comes to photographs, they evoke a ton of information, ergo why the saying is they are worth 1,000 words. Unfortunately, when it comes to home insurance, no photograph defines flood coverage. Instead, what matters is how the wording is phrased in a given protection plan. The term "flood" is commonly used to communicate being inundated by a lot of water in Groveport, OH and elsewhere. However, in the insurance world, a "flood" is a very specific result that occurs due to certain conditions. Depending on the policy type and crafting, that event could be caused by the rising of a river, ocean, lake, or nearby body of natural water. But it wouldn’t cover the rising water level inside a home due to a broken water pipe, nor would it necessarily cover a flash flood of draining water coming down a mountainside. Yet both, from a layman’s perspective, are flood events in a home damaged by them.

Flooding and water damage events are two very different things, so it’s extremely important for a homeowner to understand the difference when reviewing or obtaining coverage for a home, especially if the home is in an area prone to excessive moisture or near a water source. Too often folks just trust default language in a policy, and then find out the hard way how it will be interpreted by an insurance provider. The folks at Keystone Insurance Agency, LLC can help. They have regularly handled damage claims and events for consumers in Groveport, OH, and they can apply that experience to specific situations for planning and help. Don’t find out if you’re covered for a flood in your home the hard way; give Keystone Insurance Agency, LLC a call and get a quote.

Condo Insurance Myths

Insurance policies are complex. For this reason, two people can read the same policy and walk away with two different interpretations. Unfortunately, this confusion can sometimes lead people to believe information that is not true, especially when it comes to condominium insurance. Whether you own or rent a condo in the Columbus, OH area, learn about some of the common myths you should ignore.

You’re Covered Under the Buildings’ Policy

The corporation that owns the building where your condo is located may have a policy that protects the common areas. However, these policies don’t always extend coverage to the private residences. In the event of a loss, your property may not be protected. All owners often need their own policy for personal coverage. 

All Condo Insurance Policies Are the Same 

Condo insurance policies can be tailored to meet the specific need of the customer. For this reason, the details of these insurance policies vary greatly. Keep this factor in mind before you buy a policy. From the coverage limits to special inclusions, you should tailor your coverage to your needs. Keystone Insurance Agency, LLC can help you customize a plan. 

The Condo Is the Landlords’ Responsibility

For rental units in the Columbus, OH area, the landlord will often carry an insurance policy on the unit. However, the property owners’ policy may only extend coverage to the structure of the unit. Your belongings may or may not be covered. You should look over your lease and speak with your landlord to determine how the policy is arranged to determine if you need additional coverage. 

Don’t let a condo insurance myth leave you without the coverage you need. Contact Keystone Insurance Agency, LLC so that we can help you bust a myth and keep you protected. 

When is it too late to buy life insurance?

At Keystone Insurance Agency, LLC, we want to make sure all our clients in Columbus and Groveport, OH to understand that it is never too late to buy life insurance. You may get better benefits by using a different strategy, but there are always advantages to having a good life insurance policy.

Is it too late to buy life insurance?

The best time to buy a life insurance policy is at birth. Frequently, this is done by a grandparent who wants to give a thoughtful gift to the new grandchild, but anyone can do it for a newborn or child. When the policy is bought at birth, the price for the monthly premium is very low, and it will not go up during the policy owner’s lifetime. If the policy is a whole life policy, the money will add up, and the owner may be able to borrow against the policy later. This kind of coverage also carries death benefits, in case there is a tragedy and those kinds of expenses need to be paid.

As individuals get older, it is not as easy to acquire policies with such low premiums, but you can still lock in a price at any time in life. If it no longer seems prudent to purchase a whole life policy, you can purchase a term life policy. A term life policy expires as soon as the term is up, but it provides crucial protection in case of a tragedy, so loved ones won’t be left with unexpected funeral expenses.

If you are in Columbus or Groveport, OH and have any questions about life insurance or are interested in purchasing a policy for yourself or a loved one, please call Keystone Insurance Agency, LLC today to speak with one of our friendly representatives.

Do Home Insurance Policies Cover Flooding?

When we purchase a new home, we also purchase homeowner’s insurance policies. These tools financially protect us should an unexpected disaster damage or destroy your home or outbuildings on the property. This level of protection is also required by most mortgage lenders which are typically part of the terms of the loan. 

Having an adequate policy in place protects both the homeowner and the lender financially. Unless the property is located in a high-risk area, most homeowners may not be aware of their flooding risk. Also, many homeowners may assume that damage from flood events is covered under their current policy. However, home insurance policies do not cover flood-related damage. The team at Keystone Insurance Agency, LLC works with homeowners in the Columbus, OH area to ensure that they carry adequate coverage for their property. They can also help the homeowner understand their level of flood risk. 

When a home is located in an area that has a moderate or low-risk for flooding, homeowners may need to give some consideration as to whether or not they want the additional coverage that a flood insurance policy provides. The team at Keystone Insurance Agency, LLC can talk with you about the options that are available. As a homeowner, having the best information available allows you to make the best decisions. 

Some homeowners in the Columbus, OH area opt to carry flood insurance even though they are at moderate flood risk. This is because the costs associated with flood damage can be substantial. It has been calculated that a 1,000 square foot home that with 1 foot of flood water will result in damages of approximately $27,150. For some, the minimal additional premium is worth the cost should the unexpected occur. The team at Keystone Insurance Agency, LLC are your partners. Call us for more information today!

Commercial General Liability Insurance Basics

Homes and automobiles are not the only things that need to be protected with insurance. If you own your own business, you need to be covered. A CGL, or commercial general liability insurance, helps you if you are found liable for another person’s property or business. Call the independent agents at Keystone Insurance Agency, LLC in Groveport, OH so they can help you get started on a liability package today.

What CGL Covers

Commercial general liability can cover your legal expenses if you find yourself in a court battle. It will also pay out any damages up to the limits of your policy. For example, a customer slips and injures themselves in your store. If you are found negligent, then your policy will pay the injured party up to the limits of the coverage.

Personal and Advertising Injury

You may find yourself in a predicament where another person or business feels that you have caused them harm personally or through advertising. Such incidences include libel, copyright infringement, false arrest, wrongful eviction, slander, and taking another advertiser’s idea.

Medical Payment Coverage

Coverage for individuals that are not employees can have their medical bills reimbursed if you are found responsible for their injuries. Medical payments can be settled immediately without legal action.

Additional CGL Coverage

  • Liquor Liability – If you sell, distribute, or serve alcohol, liquor liability coverage can protect you if a customer injures themselves or others while intoxicated.
  • Pollution liability – As an industrial or agricultural company, you may need to be protected from unforeseen incidences involving environmental exposures that could harm others.

Stop in to see one of the independent agents at Keystone Insurance Agency, LLC in Groveport, OH. These qualified agents can help you keep your business safe by purchasing commercial general liability coverage for your Ohio business.

Reasons You Need Renters Insurance

Whether you are looking for a new home as a renter for the first time or you’re an old pro at being a tenant, renter’s insurance is something that you must put on your to-do list. As a renter, being without renters insurance is simply not an option because of these three reasons as noted by Keystone Insurance Agency, LLC for those in the Columbus, OH area: 

1. You won’t be covered by others’ insurance

Though it might seem like you should be, you aren’t going to be protected by the insurance policy that the landlord or apartment management has in place. Their insurance only covers the building if it is damaged. 

2. It can help you get back on your feet

If you came home from work one day and saw that you’d been the victim of a theft, would you have the money to replace your TV, laptop, gaming systems, and the other expensive items the thief took off with? With renters insurance, you won’t have to worry about paying for everything out of pocket. Instead, you’ll simply have to make a claim and wait for a check from the insurance company. 

3. It offers you protection

Accidents happen, and if you’re found responsible, you need to be able to pay for the damages. If you forget and leave the dryer on when you leave and it catches on fire, you could be found liable for the damages to nearby apartments. Odors, scorches and burnt items are just a few of the things that renters insurance can pay for. You can also tap into it to pay for medical bills, attorney’s fees, and repairs. 

Living in the Columbus, OH area gives you access to the Keystone Insurance Agency, LLC. We are a full-service insurance agency with a variety of solutions to fit your unique needs. Contact us today to learn more.

Differences between RV and Auto Insurance

Do not wait until you file an RV insurance claim only to discover that your auto insurance does not protect your RV. You need to have RV coverage if you want your recreational vehicle to be adequately protected. Keystone Insurance Agency, LLC provides auto and RV insurance policies to Columbus and Groveport, OH vehicle owners, but before that, we ensure that you can differentiate between the two to make sure you do not get into trouble.

The two insurance types differ in various aspects which include:

Different rates of liability coverage

Recreational vehicle insurance has high liability thresholds compared to the regular car insurance. This is because, at times, recreational vehicles are treated as the owner’s residence while on vacation, and therefore the cost of operating them is much higher compared to regular cars. Also, recreational vehicles are prone to more risks than other vehicles because they are larger and stand out.

In the event of a minor accident, RVs are likely to wreak severe damages on a small car hence the liability compensation needed will be high. The high liability coverage is meant to compensate for the increased risks and ensure that the vehicle owners have enough financial security.

RV insurance coverage can be suspended while the recreational vehicle is in storage

Recreational vehicles are rarely used unless the owner decides to go on a vacation which could be a rare occasion. In this case, it is impossible for the car to be involved in a collision when in the garage unless someone collides into your home. The collision coverage can, therefore, be suspended for a while. Especially for busy or retired couples on a budget that cannot afford to go on vacation with their RV at this time. This cannot be done for your everyday automobile.

These are the main differences between the two types of insurance in Ohio. To learn more about RV insurance, contact or visit Keystone Insurance Agency, LLC in Groveport, OH and let our experts help you understand your coverage.