The Many Uses of Umbrella Insurance

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

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. 

 

 

 

Why You Should Want Auto Insurance

Driving a car is a necessity for many people. You have a car in the Vernal, UT area, you need to make sure that you have proper auto insurance at all times. While most people know that it is required by law to carry at least a minimum level of liability auto insurance, there are also many other reasons why you should want to have coverage.

Gives Liability Protection

One reason why you should want to have auto insurance is that it will provide you with necessary liability protection. Driving a car is a big responsibility and comes with a lot of risks. Since being at fault in an auto accident is always a potential situation, you need to make sure that you are protected against this risk. Having auto insurance in place will do just that. 

Protects Your Asset

Another reason why you will want to have auto insurance is that it will protect your very valuable asset. Buying a car is the most significant purchase most people will ever make, after purchasing their home. Due to the significance of this purchase, it is important to make sure that your asset is properly covered by insurance. When you get a full collision and comprehensive insurance policy, you will receive coverage against a wide variety of different types of losses.

There are many reasons why you should want to have auto insurance. For those that are in the Vernal, UT area, speaking with the Perry Insurance Agency about their auto insurance options is a great choice. The team at the Perry Insurance Agency can help you to properly assess your auto insurance options and make sure that you get into a policy that provides you with the right level of coverage. 

Does Commercial Insurance Cover Lawsuit Costs?

Legal costs are something that many business owners have to deal with whether they like it or not. For business owners, it is always best to have an insurance policy in place that is going to cover all the bases and keep them protected. For those in the Vernal, UT area, the agents with Perry Insurance Agency can help you find the perfect commercial insurance policy for your needs every time.

For those business owners that find themselves being sued or facing legal costs, your commercial policy may help cover some of these costs. While it is not going to cover the outright costs of legal fees, you can use a commercial policy to help provide care and money if someone is hurt in your business. Often, lawsuits are based in injury and you can use your commercial policy to help pay the costs of the person that was injured to help cover medical costs and prevent the case from going to court.

If you are facing legal action or threat of legal action, you should talk with the person affected as well as with your insurance agent to see just what your policy is going to cover and how it can help you to keep from facing legal action. For those that are working to resolve legal issues, it is always best to see what your policy covers and to see if there is anything else that can be done prior to legal action. For those in the Vernal, UT area, the agents with Perry Insurance Agency can help you to tailor your insurance policy to fit the needs of your business and to keep you protected in any event so that you can keep your business working and can keep your business running.  

Car Insurance Laws in Utah

Like every other state in the USA, Utah has its own specific laws and regulations for car insurance. Drivers need to be aware of the local laws to avoid fines, traffic tickets, or liability from lawsuits. The Utah Insurance Department’s official site has provided some crucial information about getting auto insurance. 

No-Fault Insurance

Every vehicle is registered in the state of Utah is required to carry no-fault insurance and proof of insurance must be presented to any law enforcement officer if requested. This essentially means that every driver within the state needs to have some kind of coverage.

Automatic Verification

The state also maintains a database of registered drivers that is checked against insurance policies. When a registered vehicle is discovered without an insurance policy, a letter is automatically sent to the holder of the registration to inform them of the lapse in insurance. 

Penalties

The state has harsh penalties for drivers who are caught without insurance, which can include suspension registration or driver’s license, fines, court appearances, and even jail time for repeat offenders. Because of these severe sanctions, it is important to stay aware of your insurance status and be absolutely certain you can provide proof of insurance if you are going to drive. Car insurance is a necessity to use the state’s roads and maintain a valid vehicle registration.

For any other questions or concerns about car insurance in the Vernal, UT area, please contact Perry Insurance Agency. Representatives with knowledge of these state laws and local regulations in Vernal UT are available to assist you. Don’t hesitate to give Perry Insurance Agency a call today.   ,

Does a Mechanic Need Commercial Insurance?

Vernal, UT mechanics may debate buying commercial insurance for their shops. This debate is something that we take seriously at Perry Insurance Agency. In fact, we believe that mechanics who try to get away without buying commercial insurance policies will ultimately suffer from serious financial loss.

Commercial insurance is a typical requirement for most high-quality mechanics. These professionals work in what can be a demanding or even dangerous profession and need maximum protection. Commercial insurance types available for mechanics include:

  • General Liability Insurance – This basic type of liability insurance protects mechanics from third-party claims, such as if somebody gets injured on their property.
  • Garagekeepers Insurance – Protects a customer’s vehicle if somebody outside of the shop damages it or if it suffers from any damage from someone outside of the shop.
  • Workers’ Compensation – Any mechanic injury – such as serious cuts caused by work tools – can be covered by workers’ compensation protection.
  • Commercial Vehicle Insurance – Damage to company vehicles – such as loaners while mechanics work on a customer’s vehicle – are covered by this type of insurance.
  • Business Interruption Insurance – Protection of lost income when a business shuts down due to building damage or other issues.
  • Commercial Umbrella Insurance – Increased liability coverage for more severe problems or for lawsuits that cost more than most insurance will pay.

These commercial insurance options are essential for mechanics because they minimize the potential of severe losses, including avoiding common lawsuits and other concerns that may pop up. 

So, if you are a mechanic in Vernal, UT who wants great commercial insurance, please contact us at Perry Insurance Agency to learn more about your policy options. Our professionals will work hard to find a policy choice that works for your needs.

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.