At Smucker Insurance Agency Inc., one of the questions we get from our Plain City, OH clients are: do I really need renters insurance? Am I not covered by the landlord’s policy? In this article, we will delve into renters insurance and establish who needs it.
Who should get renters insurance?
While renters insurance isn’t mandatory in Ohio, some landlords may still want you to carry one before renting their property. This way, the landlord isn’t liable for renters’ responsibilities. If your landlord requires you to obtain renters insurance, they probably have minimum coverage requirements. However, remember, these are just minimums. You need to check with your agent if the coverage gives you maximum protection.
Even though your landlord doesn’t require you to carry renters insurance, it’s a smart choice to purchase one for the below reasons.
- Liability coverage: Every renter is exposed to a certain level of liabilities. Ranging from a neighbor’s property damage to causing bodily injury to a third party, renters are often faced with the risk of liabilities. Thankfully, renters insurance covers liabilities, which can be financially draining.
- Personal belongings’ protection: Do you own furniture? Or perhaps you have electronics and other equipment? Theft, fire, and vandalism can cause unspeakable loss or damage to your assets. But instead of starting from scratch when a loss occurs, renters insurance can compensate you for the loss up to your coverage limit.
- Loss of use: If your home is damaged and is unlivable, you will probably seek temporary housing in a hotel. In the process, you will incur accommodation and meal expenses. And because you hadn’t planned for these expenses, they can destabilize your financial position. Thankfully, renters insurance can save the day by compensating you for additional living expenses up to your policy limit.
Do you have renters insurance? If not, get one from Smucker Insurance Agency Inc., serving Plain City, OH, and the surrounding areas. Contact us today and see how much we can save you.
Smucker Insurance Agency Inc. knows that insurance gets a bit complex at times. Umbrella insurance is one of those policies that takes a little explaining.
Umbrella insurance is a secondary insurance policy. You need to have a qualifying primary policy to obtain umbrella insurance. This can be any one of several policy types, including homeowner’s insurance, renter’s insurance, auto policies, or RV insurance. Any primary policy qualifies you for the secondary insurance of umbrella insurance.
What exactly does umbrella insurance do?
Your umbrella policy adds coverage to your liability coverage on the primary policy. You must already carry the maximum coverage on the primary policy for liability. Let us say your home policy lets you carry $1 million in liability coverage on your Plain City, OH home. You maximize that coverage, but you want more than that. You would like $2 million of liability coverage because you entertain regularly at your home which has both a swimming pool and trampoline. With so many opportunities for accidental injury, you want the added coverage.
Your Smucker Insurance Agency Inc. can help you obtain an umbrella insurance policy. This provides you the coverage you need. Umbrella only provides liability coverage. It not only extends the coverage you need, but $1 million in umbrella coverage also costs little. Secondary policies typically cost less in premiums.
When an accident does happen, your insurance primary policy covers it first. Once you exhaust the primary policy’s liability coverage, you can access the umbrella policy. That means the accident would have to have caused damages in an amount greater than $1 million. Your primary policy, your homeowner’s insurance, in this case, would pay out the first $1 million. After that, any amount still due to those injured would come out of your umbrella policy.
Let Smucker Insurance Agency Inc. serving Plain City, OH help you obtain the coverage you need. Call us today.
Having a condo can be a great way to enjoy your own space without renting, but also not have all the responsibilities that come with owning a single-family home. You won’t need to worry about things like yard maintenance or whether the roof needs repair, since those aren’t areas of the condo building or land that belong to you. But you still want to protect your actual unit and the contents, which is where condo insurance comes in. If you’re in the Plain City, OH area and need this kind of policy, Smucker Insurance Agency Inc. can help you find the right option for your needs.
The personal space inside your condo, along with the four walls that make up your unit, is your responsibility when it comes to insurance to protect them. You don’t have to worry about protecting the rest of the building, so you need a policy that’s different from typical homeowner’s insurance. Then you can enjoy your condo, all it has to offer, and the peace of mind that comes with knowing you’re protected the right way and your belongings are covered in the event of damage or property destruction.
If you live in or around the Plain City, OH area and need a condo insurance policy, reach out to us at Smucker Insurance Agency Inc. today. We can help you find the coverage you need and talk with you about any options you might be considering. That way you can have the quality policy you want and expect, and the knowledge that you’re covered for the issues life can sometimes throw at you. There’s no reason to settle for just a basic policy or worry about whether you have enough protection when you choose a policy with help from our trusted and dedicated agents.
Not only does commercial insurance help safeguard your employees and businesses from costly lawsuits, damages, and more but also it helps you avoid penalties from the state for not having adequate insurance coverage. In Ohio, like other states, small businesses are required to carry two types of insurance for their company: 1) workers’ compensation insurance and 2) commercial auto insurance.
First, workers’ compensation is legally required for any business with employees – regardless of their status as part-time, full-time, seasonal, or temporary workers – and helps pay for work-related injuries or illnesses sustained while on the job. Unlike many other states, workers’ compensation insurance must be purchased through a state agency in Ohio. Second, commercial auto insurance with at least state minimums for liability is required for any vehicle owned by the business. Additionally, although not required, it is highly recommended that if you require your employees to use their personal vehicle for work functions that they are covered under hired or non-owned insurance as the majority of personal policies exclude business use.
Consequently, not carrying commercial insurance can have serious ramifications for a business. For starters, you’ll open your business to potential fines and litigation by the state of Ohio. Furthermore, not carrying commercial insurance means that you’ll be exposing your business and risking your own personal assets should you be found liable in a lawsuit from employees or a third party.
When you need to find commercial insurance, but don’t know where to start contact the all-star team at Smucker Insurance Agency Inc. in Plain City, OH. Our friendly and professional group of insurance experts will walk you through your options and learn about your business so that we can customize a commercial insurance policy that checks all the boxes.
Your Plain City, OH business like most businesses needs liability coverage more than almost any other type of insurance coverage. Your business owner’s policy may not offer the level of coverage you need, but you can easily enhance this with an umbrella policy from Smucker Insurance Agency Inc.
An umbrella policy provides the insurance version of your umbrella in a rainstorm.
Think of your rain slicker as your BOP policy. Your umbrella provides extra protection.
Your BOP covers liability at your office location, storefront, etc., but once it pays the maximum of the policy, the rest comes out of your pocket unless you own an umbrella policy.
You can only buy an umbrella policy once you own a BOP or business liability policy. Umbrella coverage is secondary coverage, providing what amounts to an add-on, but as a separate policy.
We live in a litigious society. One accident on your business’ premises could require settlements to multiple people. The low cost of umbrella policies makes them a wise investment to protect your business.
Imagine that a fire breaks out in your place of business or a tornado or derecho strike it while staff and customers are there. You can feasibly get sued because you did not have fire retardant curtains and tablecloths or because your business had no storm shelter or basement. Perhaps it had no weather radio.
That may sound farfetched as you read this article, but conduct an Internet search for fires at businesses or how common tornadoes are in the US. Every state experiences tornadoes. Your wise investment in an umbrella policy protects your business and pays these settlements once you exhaust the BOP’s liability.
Contact Smucker Insurance Agency Inc. to learn how best to protect your Plain City, OH business from liability with umbrella insurance. Let us help you make your business more successful.
Pets come in all shapes and sizes. For many though, cats and dogs are normally the pet of choice. When you live in a Condo, it is extremely important that you keep your pet under control at all times. In Plain City, OH, the agents of Smucker Insurance Agency Inc. offer local condo owners in the area advice on pet liability and how it can affect their condo insurance. They understand how important pets are to their owners, but they also know the damage a pet can do to the property if they are not properly cared for.
Pets Are Family
Pets are family members and are often cared for better than most people. Making sure they have everything they need may prevent them from destroying furniture and other household items. Kenneling them at night or when you are away is a good idea, especially if you have a young dog who is still learning its boundaries.
Know What the Risks Are
Know what other risks you may face. If a pet is overly aggressive, you may have to be concerned with them trying to bite another dog or a person if they get too close. This type of liability is one of the most common. Adding pet liability to your policy is essential and will prevent financial hardship in the long run.
At Smucker Insurance Agency Inc., the agents are dedicated to helping condo owners in Plain City, OH protect themselves from various types of pet liability. Call and talk to one of the office’s reputable agents whenever it is most convenient for you. You will get the answers you need and can rest easy that you are sufficiently covered.
When it comes to safeguarding your business, it is important to have enough liability coverage to protect the totality of your assets. Additionally, having adequate business insurance is oftentimes a requirement to win a contract so having enough coverage helps to ensure the profitability and longevity of your business. Generally speaking, there are two types of commercial insurance with business owners having the option to supplement these coverages with additional add ons that are unique to their needs. First, commercial property insurance provides coverage for any business-owned property that is damaged, stolen, or lost. Second, business liability insurance helps pay financial damages if someone sues your business.
When determining how much commercial insurance you need, the first step is to refer to the contract. If you are buying or leasing property space to operate your business it is highly likely that the agreement will stipulate the minimum amount of liability insurance that is required with the same principle applying if you are bidding on a contract. If neither of these scenarios apply, it is important to consider these factors when determining how much insurance to purchase:
- Number of Employees
- Type of Business
- Leased or Owned Office Space
In addition to property and liability insurance, another common policy is cyber liability insurance which allows the business to recoup the cost required to recover from a cyber-attack or data breach.
When it comes to finding a reputable and trustworthy insurance agency, look no further than the Smucker Insurance Agency Inc in Plain City, OH. With our relentless dedication to providing for our customers, we strive to provide you honest and transparent insurance service in the Ohio area. Give us a call today to schedule a consultation.
There are several differences between classic car insurance and regular auto insurance. Certain criteria must be met to secure this type of protection. Generally, this insurance is designed for people who are restoring or collecting classic cars that are showroom, or potentially showroom condition.
Classic Car Insurance
Some of the criteria needing to be met by the driver is having a clean driving record with no accidents, at least ten years of driving experience, a car that is over 25 years old and is being restored or is restored to showroom quality. Each provider may have different requirements when providing classic car insurance. Usually, a representative from the insurance provider will come to inspect the vehicle and consider the value via an appraisal. The car will then be insured for the appraisal amount. There are many things to consider when purchasing classic car insurance, which is why it is always a good idea to have an experienced insurance agent working with you.
Working With Agents
Agents are there to help the client get the coverage they need and answer questions they have along the way. When it comes to insuring a classic vehicle, there can be many terms and conditions, and it may be challenging to fully comprehend the fine print without the assistance of a knowledgeable agent. Residents in the Plain City, OH area can rely on Smucker Insurance Agency, Inc. to help them complete the entire process so they can feel confident being protected, whether parked or on the open road.
Those who have classic cars in the Marysville and Plain City, OH area should call or stop by Smucker Insurance Agency, Inc. today to find out more about the classic car insurance available to them or to ask any questions.
Even if you don’t own a home in Plain City, OH, you still want to protect yourself financially. Renters insurance is a great way to do this and comes with many different benefits.
It’s important to remember that your landlord’s insurance in Plain City, OH won’t cover you if disaster strikes. While it covers the structure of the building, it doesn’t include any of your things. Renters issuance will cover your belongings. Even though you may not think your stuff is worth that much, the cost of replacing just a few items can add up. There are also added benefits of having renters insurance you can discuss with your agent at Smucker Insurance Agency, Inc.
- The Cost of a Hotel after Disaster: You won’t have to figure out a new place to live if your rented space is going to be undergoing repairs after a disaster. There is additional living expenses coverage in your renter’s insurance should your place become uninhabitable, and you need to live somewhere else.
- Medical Expenses for Guests Injured at Your Apartment: If there is a visitor that is injured at your rented space, then renters insurance pays medical bills up to the stated limit.
- Legal Costs if Sued: If you accidentally hurt somebody or someone is injured at your apartment, then renters insurance helps cover your legal costs and the judgments the court awards. This also includes damages and injuries that you and your family members cause.
- Items You Have Borrowed or Rented: Your policy covers items that are in your possession. This includes property that you have borrowed, rented, or own.
- Your Belongings Away from Home: If you are away from home, then your belongings are still covered for the perils listed in the policy. For example, if your luggage gets stolen from your hotel room or items are stolen from your car, you are covered up to a certain amount.
Contact Smucker Insurance Agency, Inc. to get a quote on renters insurance.
The idea of being sued is strange. Nobody considers what it’s like until it’s already happening. Unfortunately, it’s not an entirely unique experience. If you’re up against legal problems, umbrella insurance could save the day. That’s why we at Smucker Insurance Agency, Inc want every resident of Plain City, OH, to understand how umbrella policies work.
You Lose a Liability Case
The primary purpose of umbrella insurance is to pay liability damages that are awarded by a court. A common example is in a car accident. If a person is injured in a car accident and they sue you for damages, a court might rule that you owe them compensation. Before umbrella insurance kicks in, your auto policy will cover liability damages that are awarded. Still, if the amount is greater than your auto policy can cover, the umbrella policy steps in to make up the difference (up to the limit of the umbrella policy). With the second insurance, you aren’t paying out of pocket to cover liability.
You Have Legal Expenses
You don’t have to lose a court case to use umbrella insurance. Its other central role is to help you deal with legal expenses. If you get sued for damages and don’t lose your case, you’re still going to owe money to lawyers, and you still might incur court fees. If you have an existing policy that covers the legal fees, it will pay before you turn to umbrella insurance. However, if legal defense costs more than your other policies can handle, the umbrella policy steps in to make up the difference.
It’s important to understand that you don’t have to be among the wealthiest citizens of Plain City, OH, to benefit from an umbrella policy. You can get substantial umbrella coverage for surprisingly affordable prices. Check with your Smucker Insurance Agency, Inc. representative to see your options.