Can Consumers Buy a Home Without Homeowners Insurance?

Homeowner’s insurance isn’t a strict legal requirement in most cases, but if you take out a mortgage or a second mortgage on the home, the lender will probably require it. The experts at Perry Insurance Agency can walk you through what homeowners policy is best suited to your home in Vernal, UT. In the meantime, take a look at some information to help you understand what homeowners insurance covers.

What Does Homeowners Insurance Offer?

Homeowners insurance gives owners protection from a number of covered events that cause damage or destroy their property. This financial protection is critical in the face of such a devastating loss. 

Legally, you can technically own a home without carrying insurance on the property. However, not many people are comfortable risking everything without the chance of regaining their loss through an insurance carrier. 

Most homeowners insurance policies include liability insurance. There are two main categories of liability protection, property damage, and personal injury. Liability insurance takes care of the cost of repairs if your home is damaged from an event written into the policy. It also pays for bodily injury for anyone injured while on your property. Ask your insurance agent how much liability coverage you may need.

Why Do Mortgage Lenders Require Homeowners Insurance?

Homeowners insurance helps mortgage lenders guarantee they can get back their investment if a home is damaged or destroyed due to an unforeseen event. Therefore, they’re likely to require a homeowners policy as a condition of getting the home.

Your representative at Perry Insurance Agency in Vernal, UT can walk you through the most likely options needed to protect yourself from catastrophic financial damage for covered events. Contact us with your questions and to schedule an appointment for a quote. We can help you find insurance in over 24 states!

The Basics of Renters Insurance

While the government doesn’t require anyone to carry homeowners’ insurance, your mortgage company may need you to purchase coverage to protect the property and your personal belongings. Even when it’s not required, most people know the importance of carrying insurance on their residence. But what about when you don’t own the home? Yes, you can purchase insurance for your home even if you lease your living space.

As a renter, you face the same risks as a homeowner. When disaster strikes, it doesn’t matter whether you own or lease the home. You need an insurance policy that can protect you from financial loss in the event of an incident that results in the loss or damage of property in your leased home. That’s what renters’ insurance does. Perry Insurance Agency in Vernal, UT can help you get a renter’s insurance policy to protect your personal items in a rented living space.

What Does Renters’ Insurance Cover?

Note that the insurance provided by the home association or your landlord only covers the building structure, not your personal belongings. Renters insurance covers any loss or damage to personal items when you are living in a rental space. On top of that, the coverage also provides liability in case someone sustains an injury due to an accident in your house and decides to sue. Renters insurance is meant to rescue you in times of disaster, just like homeowners’ insurance.

Imagine losing all your furniture, clothes, and other items due to a fire or any other unfortunate occurrence. A renters’ insurance policy will help you recover from such losses. Getting renters’ insurance is a smart investment, even if you are just starting out. If you are looking for renters’ insurance coverage in Utah or one of the other 23 states we write policies for, Perry Insurance Agency in Vernal, UT can help you get coverage that guarantees protection for your personal belongings in a rental space. Give us a call for more information.

The Basics of RV insurance

While an RV insurance policy has almost the same types of coverage as auto insurance, there are certain specifics that RV owners should understand beforehand. If you own a recreational vehicle or just want to learn more about RV insurance coverage options and how it works, Perry Insurance Agency will help you out. The four basic coverages that apply to recreational vehicles include:

Liability coverage

The coverage protects you financially when you inadvertently cause bodily injury to others or damage their properties. It doesn’t cover damage to your RV or bodily injury to you or your family members. The coverage is legally required in Vernal, UT. It is recommended that you purchase a liability coverage that is slightly higher than your state minimum.

Uninsured & Underinsured Motorist Coverage

This is a coverage option that will protect you when an uninsured or underinsured driver hits your recreational vehicle. The coverages can be split or combined depending on your personal preferences. In most cases, you can only use the coverage for motorhomes and not towable. It is advisable to purchase both coverages because their premiums are relatively low.

Collision Coverage

The coverage is designed to protect your recreational vehicle when you accidentally hit a non-living object such as a wall, fence, or pole. It is important to remember that the coverage doesn’t cover your RV when you file for a claim that doesn’t result from a collision or when you hit an animal. The coverage will reimburse you regardless of who was determined to be at fault.

Comprehensive Coverage

The coverage protects you when your RV gets damaged in an accident that is not associated with a collision. Collision doesn’t cover losses such as fire, larceny, civil commotion or riot, vandalism, earthquakes, and windstorm or hail.

It is crucial to discuss your RV insurance needs with one of our insurance agents at Perry Insurance Agency because not all the coverages mentioned above will cover every accidental loss. Do you need RV insurance in Vernal, UT? Call us today for more information and guidelines on how to choose the right coverage.

 

Will Motorcycle Insurance Cover Physical Therapy After An Accident?

Residents of Vernal, UT are big into motorcycles, which is a situation we’ve had to adapt to at Perry Insurance Agency. That’s because some of our customers have experienced accidents and needed high-quality physical therapy to recover. In many instances, their insurance may (or may not) cover their recovery.

A Basic Policy Does Not Cover Physical Therapy

One problem you’re going to discover with your basic motorcycle insurance is that it is unlikely to cover physical therapy after an accident. While it will cover some types of medical problems (including those of anybody you injure in your accident), a specialized coverage type must be added to ensure that you don’t end up with a huge physical therapy bill after an accident.

You Can Add Specialized Coverage Types

Personal Injury Protection or PIP is a type of motorcycle insurance coverage that will handle medical bills, physical therapy, and more after you go through an accident. You will have to pay a little bit more for this kind of coverage because it is designed to be a supplemental type. However, adding it will ensure that you can get treatment for health problems after an accident.

Other Coverage Types to Consider

If you are worried about suffering an accident on your motorcycle, you should also get extra collision insurance and liability coverage. These types will ensure that you don’t lose money if you get sued and lose and will protect your finances in case you have to pay for somebody’s medical recovery.

You Deserve Great Motorcycle Insurance

So if you live in Vernal, UT and want the most reliable motorcycle insurance available, please contact us at Perry Insurance Agency. We will search far and wide for the best policy and make sure that you are protected from serious injury, no matter what the cost.

Do You Need Boat Insurance During Periods When You Don’t Use Your Boat?

A boat is a major investment and can cost as much as a car or even a home. You need the right type of coverage to protect yourself and others while you are out enjoying the open water. You may have questions, however, about coverage requirements when you are using the boat. Don’t guess about your insurance. Get answers that will help you achieve protection year round.

Boat Insurance Needs

Of course, you know that you need coverage when you are on the water, but what about when the boat is docked or not being used? You may also wonder about coverage when the boat is in storage or parked at your residence. If your boat is in the water and not being used, you should still maintain insurance coverage in the event of an accident or a theft. You may also need to move your boat, and you don’t want to be unprotected. If you take the boat out of the water and store it, the storage facility will have insurance to protect it. Likewise, your homeowner’s insurance may provide coverage if it is on your property. Ask your agent about covering your boat during the months when not in use. 

Finding The Right Boat Insurance

Get the right type of boat insurance by working with a knowledgeable agent. If you live in or around the Vernal, UT area, you can depend on Perry Insurance Agency to help you discover coverage options that fit your individual needs so you can get protection that covers you all year. Let our knowledgeable agents work with you to explore your options today.

Residents who live near the Vernal, UT area should contact Perry Insurance Agency to get more information about boat insurance. Call or stop by the office to schedule an appointment or get answers to your questions. Be sure to ask about the 24 other states we write policies for as well to see if we can work with you!

Umbrella Insurance Protects You From the Unforeseen

Even if you have good insurance policies for your vehicles, home, life, and business, there are still unforeseen events that could take place. Some of these events could be out of the scope of what your insurance covers. If that happens, it could leave you without protection or peace of mind. Fortunately, there are ways to be better protected and to get that peace of mind back. One of those ways is to work with Perry Insurance Agency to get an umbrella policy. If you’re in the Vernal, UT area, we can help you get the type and level of coverage you need to be truly protected in virtually any situation.

An umbrella policy takes over where other policies end. It adds another layer of security to insurance and can mean higher coverage limits, too. When one policy reaches its maximum allowable coverage, for example, the umbrella policy could be used to provide additional coverage. While not everyone may need this kind of policy, claims on an insurance policy can add up quickly. It’s generally better to have extra protection than not to have enough. By working with an agent who knows umbrella policies, you can get the coverage that’s right for your situation, and that will protect you now and in the future.

Serving the Vernal, UT area, Perry Insurance Agency can help. Reach out to our agents today, and let them help you get the umbrella insurance coverage you need. Then you can relax knowing that you’re protected even for more unlikely or serious events that your other policies may not be equipped to handle. By giving you quotes and information from multiple companies, we can help you choose the best one to fit your goals, and we can periodically review the coverage with you to make sure you always have what you need. Also, ask about the 24 other states we write policies for if you aren’t a resident of Utah!

Can You Add Babies to Life Insurance Policies?

When we take out a life insurance policy, it is in the interest of keeping our family safe and well provided for should something terrible happen. For those that have small children, it may be necessary to take out life insurance policies on them as well to take care of any unforeseeable issues or tragedies that may transpire. You can add nearly anyone to an insurance policy including babies. For those that live in the Vernal, UT area, the agents with Perry Insurance Agency can help you find the perfect policy.

Life insurance is meant to help protect your family against financial burden should you die or become very severely injured and need medical help or financial assistance. The same goes for children that are added to an insurance policy. For the most part, coverage that includes a baby is meant to help handle money that is associated with the cost of a funeral or medical treatment should your child become badly injured.

Children on a life insurance policy are also protected in later life and can also borrow against policies that have fully matured if they need money when they are over the age of 18. This type of life insurance policy is more for the benefit of the parent than they are for the benefit of the child or for a guardian that takes care of a child. For those that have a life insurance policy already, you can often add the child to a smaller policy that is just for them and can help to protect your family against any issues that may occur.

For those that live in the Vernal, UT area, the agents with Perry Insurance Agency can help you find the perfect insurance policy for your needs. If you live outside of Utah, we can still help! Contact us to find out if you are in one of the 24 states we serve.

Mistakes to Avoid When Filing an Auto Insurance Claim

Accidents occur every single day, leaving people injured and cars damaged. Having auto insurance with Perry Insurance Agency is an ideal way to get protection from unforeseen circumstances. If you already have insurance, you are entitled to financial compensation from your auto insurance provider in case of covered losses. In the event of an accident, you need to make a claim with your insurance company.

However, you need to avoid some of these common mistakes when filing an auto insurance claim in Vernal, UT:

Giving false information

When a claim is made, the insurance company does its own investigation. Lying or omitting information in your favor could lead to your claim being denied. In some cases, your premiums can be raised or your policy terminated. Plus, giving false information to your insurance provider is a federal offence that is punishable by jail time.

Taking long to file the claim

Filing an auto insurance claim should be done as quickly as possible after the accident. This makes sure that you give fresh and factual information about the accident without forgetting any important details that could help your case.

Filing a claim that you shouldn’t

In case of minor injuries or damages, it could be wise to cover the costs yourself, especially if the cost of repairs is less than the insurance deductibles. Before filing a claim, go through your policy to make sure your losses are actually covered or if there is any exclusion.

Giving too much information          

Avoid too much talk when speaking to the insurance representatives. Claim handlers are highly trained to memorize everything you say, so avoid oversharing; only give factual information.

At Perry Insurance Agency, we provide affordable and reliable auto insurance policies for the residents of Vernal, UT and several other states. Contact us today for a peaceful driving experience.

Can I use my personal vehicle at work to avoid commercial automobile insurance?

When you own a business, you are continually facing risks that could cause serious harm to your business. Insurance is the way that businesses protect themselves from risks. If your business were found to be liable for an accident that was not covered by insurance, that money would have to be paid directly from your funds.

Perry Insurance Agency helps business owners in Vernal, UT with all their commercial insurance needs, including commercial auto insurance. When your company owns vehicles, you will obviously need to purchase commercial insurance that will specifically cover those vehicles.

However, your company might try to save money by allowing employees use their cars to run errands or conduct other business. But how does insurance work in cases where you are using your personal vehicle to perform tasks for the business, and your personal auto insurance already covers your car?

Unfortunately, using a personal vehicle to conduct business may mean that you are not covered if there is an accident. That means that all of the damages, including bodily injury and property damage, might need to be paid out of pocket by your business.

There are many factors which could influence whether your personal insurance will cover auto accidents that occur during your employment. These include questions like whether the vehicle was used to deliver goods, whether it was used as a taxi service, and whether the driver was employed directly by the business or contracted out for work.

You don’t want to take any chances when it comes to protecting your business in Vernal, UT. Contact our friendly agents at Perry Insurance Agency today to make sure your business has all the protection it needs.

Tips for Filing a Home Insurance Claim

Every homeowner dreads the thought of having to face a disaster that destroys their home or properties. If you have never filed a home insurance claim before, you shouldn’t rest easy. You’re more likely to file one during your lifetime, so understanding the claim process is crucial. Perry Insurance Agency suggests the following tips to help you go through the claim process in Vernal, UT.

Understand your Policy

You should first understand your coverage limits and deductibles. This is critical when filing a home insurance claim. For example, if a flood damages your home and your policy excluded such risks, your claim will be rightly denied. Your deductibles will also affect how much cash you’ll pay out of pocket for the repair or rebuilding of your home. This can help you determine which repairs are urgent and which ones can wait for a later date.

Document your Damages

Whenever a covered loss occurs, document all the damages before you begin the cleaning or repair process. Take several pictures of the damages caused to your home or property, furniture, electronic devices, clothing, and so on. If you’re forced to make a few repairs before filing your home insurance claim, be sure to keep all the receipts. After filing the claim, the insurer will send an adjuster to assess the situation and provide an estimate of the damage. This can difficult to achieve after cleaning the home and carrying out repairs, so the photos and the documentation of the receipts will be of great help.

Understand your Rights to Dispute Estimates

Sometimes you may not agree with the insurer’s estimates. You have rights under your home insurance policy to dispute or appeal the procedure. One way to achieve that is by submitting a second estimate through a public adjuster that you can hire. A public adjuster works exclusively for you, unlike an insurer’s adjuster who works for the interest of the insurance provider. Additionally, the public adjuster will work with you through the entire claim process to ensure that you receive your full entitlement under your home insurance policy.

Perry Insurance Agency is an experienced provider of affordable home insurance policies in Vernal, UT and surrounding areas. If you have further inquiries about filing home insurance claims, call us today. We serve over 24 states across the country. But if you need a quote, use our online rating tool or stop by our Vernal, UT offices.