Month: May 2019

The Many Uses of Umbrella Insurance

Posted on by agentinsure

Umbrella insurance is a term used to refer to several types of additional liability coverage that are usually bundled together. The Tyson Agency offers this type of coverage to people in the Inkerman, PA area who are responsible for large value assets, and who will also benefit from greater protection than what is provided by a typical policy.  

Umbrella insurance can be a good option for individuals or businesses who have a number of different, high-value insurance needs that can be managed together. Umbrella insurance typically adds additional coverage over typical policies for things like home owner’s policies, auto insurance, and anything else that may be subject to great losses. This is especially true for high-value assets such as large homes and luxury cars, which can be costly to replace after accidents or disasters. There are also certain high net worth individuals who want coverage in case of a lawsuit so that their personal assets are not at risk. A judgment against someone or their business can totally wipe out their assets if relevant coverage is not available to help them pay out the damages. This is why umbrella insurance policies are usually incremented in by millions of dollars at a time. Large values are normally considered when dealing with people who require this kind of serious protection. 

This is just a brief overview, and there are many other reasons why someone may want to purchase an umbrella policy. To speak with an agent who serves Inkerman, PA, contact The Tyson Agency at your earliest convenience. Someone can provide you with greater detail about how umbrella insurance will help your personal situation. 

Utah’s Home Insurance Requirements

Posted on by agentinsure

As a homeowner, it is always important to protect your investment. Property owners in the Vernal, UT area have a great option to discuss coverage and requirements with Perry Insurance Agency. Homeowner’s insurance is the simplest way to get coverage against things like disasters, accidents, and vandalism. However, it is also important to be aware that each area of the country will have slightly different requirements. Like every other state, Utah requires a certain level of coverage on mortgaged homes because a bank also has an interest in preserving the property as an investment. 

Fortunately, Utah tends to be on the inexpensive side for coverage. The average policy within the state is a few hundred dollars below the national average. However, this can also change based on the size of the property and a number of other issues. Homes in Utah also need to be covered against natural disasters like earthquakes and mudslides that occur with some regularity. There are also separate flood insurance policies to protect against water damage, and this may be required if the property is located near water or within a flood zone. Landslides are also treated differently from other problems, and your provider may need to get separate coverage for these events because most normal homeowner’s insurance policies do not cover them. Earthquake insurance is also another kind of overlooked insurance that is usually separated out from homeowner’s policies within the state. This is worth looking into, as earthquakes are becoming more common in Utah and surrounding areas. 

For more help with homeowner’s coverage in the Vernal, UT area, you can speak with an agent from Perry Insurance Agency. These representatives are knowledgeable of Utah’s specific requirements.