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boatWhat Does Boat Insurance Cover?

The exact boat coverage you need depends on multiple factors. Small boat insurance is very different from yacht insurance, for example. However, for most types of boats, the three kinds of coverage in a basic boat insurance policy include:

  • Bodily injury liability for expenses related to the injury of another person
  • Property damage liability for expenses related to harming another person’s property
  • Physical damage for damage to your own property, including your boat and trailer.

You also may want to add additional types of coverage to your boat insurance policy in order to fully protect yourself and your property. Here are some examples of additional coverage:

  • Property coverage for equipment such as tools, life preservers, anchors and oars
  • Insurance for fishing equipment like your rods, lures, nets and tackle
  • Towing coverage when your boat becomes disabled and needs servicing
  • Medical payments coverage for hospital and funeral expenses for you or your passengers
  • Uninsured/underinsured boaters coverage if you have an accident with another boater whose insurance is not sufficient to cover damages

As with all insurance, the amount of benefit or reimbursement you have in the event of an incident is set at the time you buy your policy. Call us today at 800-746-1426 to be sure you are covered this boating season!

At Anchor Insurance Group, we want to wish you and yours a happy, healthy, and safe holiday!

During this season, you hope to create cherished memories with your loved ones. One way to do so is maintain a warm home. However, learning to do this safely can help prevent accidents, something you don’t want during the holidays. Here are some tips on how to stay cozy in your home:

Christmas tree with presents and fireplace with stockings

• When burning an open fire, make sure to eliminate all fire hazards before starting it.
• If you have space heaters, make sure that you give them space and place them away from things that may easily burn. Avoid putting them above carpets or rugs. When no one is home or everyone is in bed, turn them off.
• Avoid using your stove or oven to get more heat circulating.
• Remind children they must shut the door after they come in to keep cold air out.
• Wear a sweater and socks. Layering clothes can keep you warmer and save you money in the long run.
• Get your furnace serviced by having it checked for efficiency by a HVAC company professional. If your unit is not working properly, it could be running longer and therefore costing you more money.

Using some of these methods to stay warm this holiday season can help conserve energy and save on heating expenses. As long as you keep safety in mind, your home can remain warm and filled with love all the way into the New Year!

Customize your insurance choices to your family’s situation and put an end to needless worry.

HOME – Consider adding separate flood insurance to your policy. if you’re in a flood zone, it’s probably mandatory, but not if you live on the outskirts. Flood damage is not covered under standard home insurance, whereas 90% of all natural disasters in the U.S. involve flooding.

RENTERS – If, for instance, there’s a fire at your apartment, your landlord’s insurance isn’t going to cover the loss of your property.

CAR – Practically every state requires auto liability insurance. Weigh additional coverage options – from collision to comprehensive – based on your needs. Expanded coverage is recommended for families with teen drivers.

HEALTH MEDICAL BENEFITS – Are a must, so take time to familiarize yourself with the terms of your coverage. It’s also a good idea to reassess your coverage needs and understand policy changes as they happen.

LIFE – If you have kids living at home or who are financially dependent on you, a life insurance policy will help cover living expenses should anything happen to you or your spouse.

This may seem, to some, too simple a thing to require direction. However, there are elements of the process that some people don’t know or just don’t think about. If you are about to file a claim for damage to your home or vehicle, this might be a good article to read.

Published by Morgan Summerfield

1. Locate your insurance policy and review it. Some of us have insurance policies that are older and it is hard to remember every detail of the what’s covered and what’s not section. Additionally, you will want to determine your policy’s deductable (the portion of the claim that you will be required to pay). Deductibles have wide ranges. Less expensive policies tend to have higher deductibles. Conversely, more expensive policies tend to have lower deductibles. (The total amount insured under the policy also affects policy cost, so you may still have an expensive policy with a large deductible.)

2. Estimate the amount of damage. If the damage is to your home, you can call a home repair contractor and ask for an estimated cost of the repairs. If it is your car, contact the repair shop you would prefer to use and ask, if they can give you an estimate. You want to try to get FREE estimates. Always ask if the estimate is free or if there is a charge. Shop around. Your insurance company may require multiple estimates. By getting one now, you have a head start on meeting that requirement.

3. Determine if a claim is worth filing. You should not file a claim, if you can determine that the repair costs are within your deductible. For example, if the repair estimate is $420 and you have a $500 deductible. The insurance company will not be paying for any of the repairs, you will. So there is no point in filing a claim. If you file a claim, this creates paperwork for you and the insurance company. Once you create a record of a claim against your insurance company, it stays in your file. Despite what insurance companies may say publicly, claims in your file may have an effect on your future insurance premiums.

4. File a claim. If the repair costs exceed your deductible by more than a few dollars, you will want to file a claim. Usually, all that is required is a call to your insurance company. Before you make this call, write down the date the damage occurred and your policy number. These are two items they will ask for to initiate your claim. Depending on your insurance company, the policy statements and the situation, you may have up to six months to file a claim. However, you should not assume anything. Read your policy. Additionally, if there is the potential for further damage, you should act quickly.

5. Depending on the company and the situation, the insurance company will likely send out an inspector or adjustor to examine the damage and write a report. These inspectors or adjustors work for the insurance company, not for you. Insurance companies don’t like to pay claims and some inspectors or adjustors are incented to deny claims. With this said, if you have a legitimate claim, you should expect to be treated fairly and expect the insurance company to honor the claim. If you have any problems with the inspector, during the inspection process, you should document the details of the situation and contact the insurance company to file a complaint.

6. The first thing to remember about the inspector or adjustor is that he or she is a person…a person who has work to do and the ability to disapprove your claim. Keeping this in mind, when you set an appointment time, be there. Do not keep them waiting. As a matter of fact, be a bit early. If they say they are coming at eleven, be there by ten thirty. Be courteous, provide them access to the damage they are there to inspect and answer questions associated with the damage. Don’t crowd them or “hover,” and stay quiet, unless they have questions. Why stay quiet? Remembering that the adjustor is a person who works for the insurance company and may be incented to deny claims, sometimes an innocent statement or story can send the inspector’s mind down claim denial road. Here is an example of just making conversation that could negatively influence an inspection.

Your roof is damaged during a storm and water has leaked through to the drywall on the first floor ceiling. You would not want to say something like, “I know it is water damage, because my kids overflowed the bathtub last year and it made a spot like that on the ceiling.” Why? While you are not making a claim for the damage caused last year and that water damage is in no way related to the current water damage, you may cause the inspector to become suspicious. Why put your inspection and claim at risk over an unrelated situation? Go Sergeant Friday style, “just the facts, ma’am.” Caution: It is strongly recommended that you ask for identification from the individual claiming to be an inspector or adjustor. In today’s world filled with creative criminals, you cannot be too careful.

Sometimes the inspector will give you a copy of their report, sometimes they will tell you whether the claim is approved or disapproved, sometimes they will tell you that the office will be in contact. Different companies and different policies are processed in a variety of ways. If you are not given an immediate answer, ten days is a sufficient amount of time to wait. If you haven’t heard anything about your claim, call. If for any reason your claim is denied, check to see if the company has an appeal process. If they do, it may be worth your while, especially if the repair is a costly one, to pursue your right to appeal.

republished from Yahoo Voices 

http://voices.yahoo.com/tips-filing-insurance-claim-things-should-3222405.html?cat=17

To submit a claim to one of our carriers click here.

Children playing together with pool toyHere comes summer, and that means swimming pool season. Kids are breaking out the water noodles and beach balls. Adults dream of sunning on the poolside lounge or getting in a few laps. Your Trusted Choice® independent insurance agent may like an afternoon at the pool, too, but also wants you to enjoy lounging in the water, not waiting in the emergency room. Pool-related injuries send unfortunate thousands to the emergency room every year (see sidebar).
When you think pool, think safety. The usual parental commands – “Stop running!” and “Don’t push your sister in the water!” – are helpful, but not enough. Here are a few valuable tips for preventing accidents at residential pools:
  • Never swim alone.
  • Never leave a child unattended in the water or pool area.
  • Always go feet first when using a water slide. In addition, water slides should always be installed in a deep area of the pool.
  • Make sure there is adequate lifesaving equipment in the pool area, including life preservers and a rescue hook.
  • Install an audible pool alarm to alert you if someone falls into the pool while it is unattended.
  • Check local ordinances and codes for safety requirements, including specifications for ladder and hand rail placement and minimum depths for diving boards.
  • All electrical equipment should be installed by a licensed electrician in accordance with local codes.
  • Use non-slip materials on the pool deck, diving board and ladders.
  • Check the deck for safety hazards, such as protruding nails and loose boards.
  • Mark water depths conspicuously. Use a safety float line where the bottom slope deepens.
  • Maintain secure fencing and a locked entrance around the pool and deck area to prevent access when adequate supervision is not available.
  • Keep chemicals safely stored away from the pool area. Follow all storage and usage instructions recommended by the manufacturer.
  • For above-ground pools, check metal supports for rust or deterioration. These may indicate areas where the pool could rupture or a person could be injured.
If you are a pool owner, this may also be the perfect time to schedule a comprehensive review of your homeowners coverages with your Trusted Choice agent.  Be certain your current liability protection is adequate to protect you from allegations of negligence from anyone claiming injury from being in or around your pool and pool-related activities.Sources:https://www.travelers.com/prepare-prevent/home-property/home-maintenance-tips/swimming-pool-safety-and-maintenance-tips.aspx

http://www.cpsc.gov/en/Newsroom/News-Releases/1974/CPSC-Issues-Swimming-Pool-Safety-Tips/

http://www.emcins.com/LossControl/insights/insights2008v41/poolsafety.aspx

http://www.harleysvillegroup.com/losc/TRS/RS/RS1055.pdf

Moving-boxesMoving generally indicates an exciting time of transition and life change- whether it’s moving from the parents’ basement to a first apartment or parents downsizing because the kids have all moved out. Whether you’re handling the move yourself with the help of friends and family or whether you hire professional movers, moving can be as stressful as it is exciting, and one way to relieve some of that stress is knowing that your possessions are protected during the transition. Whether your move is across the street or across the country it’s important that you discuss your move with aTrusted Choice ® independent insurance agent.
Insuring Your New Place (And Your Stuff)
First of all, your belongings are protected by your homeowners or renters insurance policy against damage and loss. But it’s important to know that when you move from an apartment to a house or house to house or apartment to apartment or condo to… well, you get the idea… your homeowners or renters insurance won’t follow you and your property to the new place. Moving to a new home means that the risks to your property change, and as your risks change, so should your insurance.
Since you have coverage for the contents of your home under a standard homeowners or renter’s insurance policy, the best option to protect those is to make sure that there is no gap of time between the expiration or cancellation of your policy on the home you’re moving out of and the effective start date for the policy for the home you’re moving into- one way to do this is to have the new policy start the day you are planning on moving.  Not only would this help provide coverage for your contents, but it would also provide you with personal liability coverage during the time of the move. If you’re moving out of state, ask your insurance agent if they’re licensed in the state you’ll be moving to, and if they aren’t, ask them if they are able to refer you to another agency or use the Find an Agent locator for a Trusted Choice agent in your new hometown.
Protect Your Stuff During the Move
Now what about your contents in transit? If you’re renting a truck or a van for the move, the rental company may offer you additional insurance coverage. If you use a professional moving company, under federal law interstate movers are liable for the replacement value of lost or damaged items, so if you’re moving from Manhattan, KS to New York City, the moving company is liable for your stuff. However, they may present you with different options for coverage, including Full Value or Released Value. According to the US Department of Transportation, Full Value is more comprehensive coverage but it may cost more out of pocket, whereas Released Value is offered at no additional cost, but may only cover your belongings up to 60 cents on the dollar. If you opt for the Full Value, make sure you have an up-to-date estimated value for the belongings you’ll be moving. If you have an accurate and comprehensive home inventory, this shouldn’t be too difficult of a task.
One argument for taking the coverage from a rental company or a moving company (even for in state moves) is that if something does go wrong and can be covered by that policy you could avoid filing a claim with your own homeowners/renters insurance company and having to cover costs out of pocket to meet your deductible. Just be sure though that the coverage offered by a moving or rental company  is enough to replace or repair damaged or lost items. Talk with your Trusted Choice agent about your coverage and deductible so you can figure out a plan to protect your belongings that works for you.
What If I’m Putting Some of My Stuff in Storage?
If you’ll be temporarily storing property at a storage unit during your move, you should know that some insurance policies will only insure items in a self-storage facility to 10% of your personal property limit, which may not be adequate to cover your stored furniture, rugs, etc. You should be able to raise that coverage with what’s known as an endorsement to the policy, so make sure you tell your Trusted Choice agent if you’re storing anything at a self-storage facility as part of the move.
Trusted Choice agents have the ability to work with multiple insurance companies, so they can work to help you find the coverage that’s right for your new place and for getting you and your stuff there.
Source
https://www.protectyourmove.gov/consumer/awareness/valuation/valuation-insurance.htm