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. 

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.  

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.

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.

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.