Month: July 2014 Do I need special coverage if I install new stereo or audio equipment? Posted on July 29, 2014July 16, 2014 by AgentInsure The decision to invest in your car by installing new stereo or audio equipment can be a concern. You may assume that you need special audio insurance to pay for damages, repairs or the theft of the new system. Depending on your current coverage, you may or may not need additional protection. Current Policy Details Every auto insurance policy is different, so the details regarding your current coverage may play a role in the decision to purchase a separate policy. For example, if you have basic liability protection, then you may want to purchase a separate audio insurance policy to protect the new stereo from theft or damage. On the other hand, if you have a comprehensive plan, then it may already be covered. An audio system is usually part of the car, which means that once it is installed, it is counted as part of the car’s current value. Buying an Appropriate Policy If your current policy does not cover your personal belongings or the damage to your vehicle, then you may want to buy a separate policy to address your concerns related to the specific stereo system. The additional coverage that you need may vary, so you may want to compare your options based on the cost of your new system and the specific concerns that you want to address. A basic policy that is designed to protect the audio system can provide the coverage that you need to address most of your worries. It may not be necessary to purchase a separate policy for a new audio system that you have installed, but there may be times when you want additional coverage. Contact us to speak to an agent to learn more about your options. Does renters insurance cover someone that get’s injured on my rental property? Posted on July 21, 2014July 16, 2014 by AgentInsure It’s a shame that in this day and age, the minute someone gets hurt in our apartment, we often need to fear more for the impending lawsuit than the health of the person who is injured. Still, somebody needs to pay the medical bills after an injury, and In our litigious society, the injured person will often sue whomever they have to as long as they get the money they need. This is one reason why renters insurance is so important. Renters insurance serves many functions. It protects your belongings from theft and damage, it protects you if structural damage from a storm or catastrophe and it protects you in the event that someone is injured in your apartment. In the case of an injury, your policy will probably cover the medical expenses of the injured party and any costs that result from a lawsuit, including your legal fees. The limit on the court award the insurance will pay is usually around $100,000. Every insurance policy has different limits and exclusions, so you should never presume something is covered without checking your policy first. If you’d like to review your policy with an agent, which is always a good idea, contact us today. We will be happy to answer any insurance questions you may have, and if your renters insurance policy is not meeting your needs, you can even use our website to compare quotes and find the right policy for you. If my motorcycle without theft coverage was stolen out of a neighbor’s garage will their homeowners insurance cover it? Posted on July 15, 2014July 16, 2014 by AgentInsure The loss of a motorcycle in Woodstock, GA can be frustrating, especially if you do not have coverage against theft. The state laws only require that you obtain appropriate liability and personal injury protection, which means that you are not required to protect your motorcycle against theft. Unfortunately, the details of your neighbor’s home insurance policy may vary and it might not cover the loss of your motorcycle. Policy Variations Just as motorcycle insurance does offer solutions against theft and damages to your motorcycle after an accident, a home insurance policy can have a variety of options and details. Some policies may offer solutions when the property of another individual is stolen from the garage, but the details and solutions that are offered can vary. Protecting a Motorcycle Since many home insurance companies will not cover the loss of large items or may have limited solutions, it is best to obtain motorcycle insurance that is appropriate for the situation. If you are worried about theft, then it is usually best to purchase a policy that will specifically cover that problem. Even though your neighbor can be held liable for the loss of your motorcycle if it was in their garage while you were visiting the home, you may not be given enough to replace the motorcycle in every situation. Having protection against theft on your own policy is usually a good way to limit your losses. The requirements associated with a motorcycle are not necessarily the same as a car, but the basic concerns and problems that may arise are similar. Contact us to speak to an agent to learn more about your options and to find a policy that is appropriate for your motorcycle. Will homeowners insurance pay for the repair of bricks falling away from the home? Posted on July 7, 2014July 16, 2014 by AgentInsure It can be a concern when you notice that the bricks on your house or chimney are falling away in Woodstock, GA. The problem is not necessarily related to damage to the property from a storm, so the details regarding your coverage and when it can be repaired will vary. Maintenance Issues In general, home insurance coverage will not pay for repairs if it is related to regular maintenance. For example, if the bricks are falling away because you did not have the chimney checked and serviced, then you may not be able to make a claim. A home insurance chimney policy, on the other hand, may offer coverage for the situation if it is part of the policy. The maintenance of a chimney can be complicated and some insurers may offer coverage to pay for the repairs if bricks begin to fall. Storm Damage Many insurance companies will pay for any damages that are associated with a storm as long as the type of storm is covered in the policy. Certain disasters, like earthquakes or flooding, may not be covered by a basic policy, so it is important to read the plan to ensure that the situation is covered. Storm damage is usually protected in a policy because it is beyond your personal control. Unlike problems that arise due to poor maintenance, damages that result from a storm are sudden and unexpected, which means many insurers will cover the repairs. Ultimately, the situation and the reason that the bricks are falling away from the building will impact your ability to make a claim. A claim is possible if the damages are the result of a covered situation. Contact us to speak to an agent for more details about your options.