3 First Time Home Buyer Mistakes and How to Avoid Them

Shopping for a home in the Vernal, UT area? Let’s dive deeper into the most common first time home buyer mistakes.

Shopping Before Mortgage Approval

Since a mortgage dictates how much money a bank will lend you to purchase a home, it is imperative that you find a lender before looking at homes. Frequently, first time home buyers will fall in love with a home before knowing how much money they can spend only to learn that they can’t afford it. Additionally, be sure to talk to multiple lenders so that you can shop around and compare rates. 

Depleting Your Savings

Unexpected expenses whether related to the home or not can pop up at any time. Failing to leave an adequate emergency fund to pay for repairs, bills and other expenses is a common mistake for home buyers. In addition to having a down payment, most financial experts still recommend that you have a six-month emergency fund saved. If it comes down to it, avoid a 20% down payment and instead maintain some savings. 

Credit Carelessness

Your credit score is one of the largest determinants in what mortgage interest rate you qualify for. Not only will lenders pull your credit report and preapproval, but also they’ll do it just prior to closing. If you have taken any new loans or opened a new credit card between the time of preapproval and finding your dream house, then your loan may not be approved.

At the Perry Insurance Agency in Vernal, UT we strive to provide the best customer service to each of our customers. We know that buying a home is stressful and we want to make the search for homeowners insurance as smooth as possible so give Perry Insurance Agency a call today. 

Who benefits from renters insurance? The tenant or the landlord?

Landlords in Vernal, UT as well as other countries have included another addition in their lease agreements–renters insurance. This is due to the popular assumption by tenants that the landlords’ insurance covers their personal property in the event of an accident. Perry Insurance Agency will help you understand more about renters insurance.

What is renter’s insurance?

This is a type of policy designed for individuals who rent a property. Since the renter is not the real owner of the property, this insurance helps protect the tenant’s property and provides liability coverage in case of issues.

Who should purchase renters insurance

Unlike the popular notion that landlords are responsible for renters insurance, tenants are responsible for this policy as it protects what is inside the apartments. The landlord also has his or her own insurance for the building which covers the gate, walls, floor and the ceiling of the property. 

Why it is important to tenants

As a tenant, your valuable possessions need to be protected from various inevitable calamities and destruction which can bring losses. Renters insurance offers liability coverage.  For instance, if a guest comes over and slips and falls badly that they break an arm, renters insurance can come in to sort the finance needed.

In case of fires or wind damage, renters insurance offers compensation and replacement of all goods destroyed. Damage from wind includes a tree falling on a property. When you purchase renters insurance, your property is also covered from theft or burglary. This is however dependable on an individual policy.

Wondering what type of insurance to buy as a tenant? Perry Insurance Agency has expert insurance advisors to help you out. Visit us at Vernal, UT today.

 

 

 

5 Tips for Protecting Your RV During Winter

Winter weather can take its toll on an RV during holiday travels. If you’re going to be using your RV in winter, it’s best to take precautions to protect it from the elements. These tips from Perry Insurance Agency in Vernal, UT, offer sound advice on protecting your RV from Utah’s harsh winter clime.

Seal Windows and Doors

Check your RV regularly for signs of cracks or wear and tear. Seal windows and doors to avoid moisture setting in. When temperatures drop, this moisture can freeze and cause cracks in your exterior.

Apply Sealant to Roof

Apply sealant to the roof of your vehicle to protect it from cracking. The sealant will also insulate your RV from cold winter drafts. 

Check Tires

Check your tires before setting off on any holiday travels. Worn tires are a recipe for disaster in any weather, but even more so during winter driving.

Prep Your Plumbing

Add RV antifreeze to holding tanks to keep contents from freezing during winter and causing damage to your plumbing. If you plan to use your RV for winter holiday travels, take time to become familiar with your RV’s plumbing system so you can protect it from cold winter weather.

Store Safely

If you’re storing your RV after the holidays, look for a safe, secure place with minimal risk of theft or damage. A temperature-controlled RV storage unit will provide your vehicle with optimal protection against the elements. If you choose to park your RV outside, invest in a sturdy cover to protect it from snow and ice.

Whether you’re using your RV this holiday season or storing it away until spring, make sure you’re protected with RV insurance. Call or visit Perry Insurance Agency in Vernal, UT, today for all your RV insurance needs.

What You Should Do after a Motorcycle Accident

After a motorcycle in Vernal, UT, there can be a lot of emotions so it’s important that you remain calm and gather your thoughts.

Check Yourself for Injury: Check yourself and others involved in the accident for injuries. Call 911 if you, other drivers, or anyone is hurt. You aren’t held responsible for the accident just because you made the call for help.

Take Photos: Make sure the scene is safe enough to do so and then take photos. Take photos from different angles. Document the status of the motorcycle, others involved in the crash, and the surrounding environment. Try to document anything that could be helpful during a court case or with an insurance claim.

Move Off the Road: It’s important to move your bike off the road as soon as it is safe to do so. Leaving the vehicle on the road can be hazardous to oncoming traffic. Unexpected vehicles and debris on the road, especially at night, can result in additional accidents and injuries and you may be held responsible for these.

Gather Information: Even if you didn’t contact 911 for assistance, you may still want to call the local police department. A police offer will arrive to draw up a police report. This will be important when proving your case. It helps protect your legal rights and potential compensation for any damages. Speak with passengers, witnesses, other drivers, and the police officer. You will need contact information, including the phone number and names of all the witnesses, along with vehicle information, the name of the officer, the police report number, and insurance company names and contact information.

Call Your Insurance Company: It’s best to call your agent at Perry Insurance Agency as soon as possible after an accident. Be prepared to give him or her all the information and don’t admit fault to anyone. Underestimating damages can reduce any compensation.

Contact Perry Insurance Agency, serving Vernal, UT, to get a quote on motorcycle insurance. 

Can You Insure a Jet Ski on a Boat Policy?

Boats and jet skis are two totally different yet similar things. They both go on the water, they both help you recreate, and they can both be damaged while in use. Despite all their similarities, they are generally not going to be insured on the same type of policy. For those in the Vernal, UT area, the agents with Perry Insurance Agency are going to be able to help you find the right insurance for your needs.

When it comes to insuring a jet ski you are likely going to need a personal watercraft policy that does cover the jet ski. This type of coverage is going to help take care of damages that are caused by wrecks, that are caused by other instances, and is also going to help with injuries. In some cases, you can add a jet ski to a boat policy but the coverage might be a bit iffy, to say the least. A personal watercraft policy is always going to be the best bet.

When you do seek to cover your jet ski you are going to need to make sure your coverage is specific to the jet ski and to the amount and type of use that it is going to experience. Insuring your personal watercraft is one of the best ways to make sure you are not going to have to deal with things like damages and with things like your jet ski being damaged or someone being injured while using it.

For those in the Vernal, UT area, the agents with Perry Insurance Agency can help you to find the best single or combined policy that does fit the needs that you have for your particular jet ski or other personal watercraft.   

Life Insurance Options Available in Vernal

Having adequate personal insurance is very important. For the majority of people and consumers, this includes having a home, auto, and medical insurance. Another type of insurance that people in Vernal, UT should consider getting is life insurance. When you are shopping for life insurance, there are some different options available to you. It is important to understand the benefits of each of these options. 

Term Life Insurance

For many consumers, the best form of life insurance to get term life insurance. With a term life insurance policy, you will receive a certain level of coverage for a period of time that you choose. Most term life policies last for 20 years or more as long as you continue to make premiums each month. This is often a preferred form of coverage as it will give you the most coverage compared to the amount you spend on premiums. However, all of the money spent on premiums will be lost.

Whole Life

The second type of insurance to think about is whole life insurance. With a whole life insurance policy, you will get coverage for the rest of your life, as long as you keep making payments. Further, the money that you spend on insurance will accumulate in value and is an asset that can be liquidated. This can make it a good investment option. 

Choosing the right life insurance policy in Vernal, UT is very important. Due to the importance of life insurance, you should reach out to the Perry Insurance Agency to discuss your life insurance options and needs. The professionals at the Perry Insurance Agency are very experienced when it comes to helping someone understand what their options are. They can then help you get into a great life insurance plan that provides you with the right level of protection.

How Does Umbrella Insurance Protect Someone?

Making sure that you are properly covered by insurance for liability is important. Most people today will have liability insurance already through their home and auto policies, but there are situations in which this is not enough. For some, getting an umbrella insurance policy is a great option as it could provide you with additional and very valuable insurance coverage. Umbrella insurance can protect someone a number of different ways. 

Gives Additional Coverage

One of the main ways that umbrella insurance can protect someone is by providing additional coverage. The average consumer will have some level of personal liability coverage through their home and auto policies. However, this level of coverage is somewhat limited when compared to the significant expense that can be incurred during some more serious accidents. When you have an umbrella insurance policy you will receive additional coverage that goes above and beyond your normal limits.

Covers Other Risks

Depending on your profession, getting liability insurance through an umbrella policy is also a great idea as it can give you coverage for risks that are not covered by your base personal policies. For example, someone that has a job that puts them at risk for slander may not receive coverage from their base insurance policies. However, coverage for this risk can be included in your umbrella insurance policy. 

Since there are many benefits that come with getting umbrella insurance, those that are in the Vernal, UT area should consider speaking with a professional about their needs. When shopping for umbrella insurance, you should contact the team at Perry Insurance Agency. The Perry Insurance Agency professionals can help someone to learn more about the benefits that come with umbrella insurance and to determine what level of coverage is appropriate for their situation. 

How Vernal, UT drivers can save money on car insurance

Whether you spend most of your drive time commuting to work or taking advantage of the beautiful Utah scenic byways, you have the same obligation to carry insurance as all the other drivers in the state. At Perry Insurance Agency, we try to at least help out by finding ways to help our customers save money on their policies.

To help you save money, the first thing we do is make sure you have the right coverage. You may be paying for something extra you don’t really need, or there may be an added protection you didn’t know about. By tailoring your policy to you, we can help you make sure you’re not paying more than you need to.

Then we can go through and find discounts that will help you out. You will be surprised when you see all the discounts offered by different insurance companies:

  • Multiple policy discount — Most insurance companies would love to have all your business, so they offer discounts if you carry multiple policies, like for homeowners and auto.
  • Good driver discount — If you’ve gone two years without getting into an accident or getting a moving violation, you may be able to save money with a good driver discount.
  • New vehicle — Newer vehicles are less likely to have the kinds of failures that result in accidents, and your new car may earn you a lower rate.
  • Lump sum premium payment — A lot of insurance companies will offer a reduced premium if you pay an entire year at once.
  • Passive restraint/security system — Does your car have extra airbags? A security system to deter theft? You may be able to get a discount for either or both.

These reasons and more can earn you a discount on your auto insurance in Vernal, UT. If you have any questions or want to find out how you can save money, please feel free to call Perry Insurance Agency today.

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.