Monthly Archives: December 2013

How Long Does Travel Insurance Last in Dunmore, Pennsylvania?

Posted on by

Understanding how long travel insurance lasts in Dunmore, Pennsylvania can help determine if it is appropriate for personal plans. Since different insurance options will vary, in many cases the exact length of time that coverage will last can vary.

Short-Term Plans

For short-term travel plans, the coverage required for the trip may not be as extensive as the requirements for a longer vacation. Short-term travel plans can be covered for the duration of the trip or a period of time that extends slightly beyond the length of the trip.

Long-Term Travel Plans

For a long-term trip, the appropriate type of travel insurance may be different than a basic plan. In many cases, a basic plan is limited to two to four weeks, depending on the company and the details of the trip. If travel plans exceed the amount of time required for the trip, then it may be necessary to seek additional protection for the duration of the trip.

Long-term plans are not always covered under travel insurance. In some cases, it may be necessary to insure each item or medical expenses separately because of the coverage options.

Variation in Options

Different insurers will offer various plans for individuals who are looking for coverage to protect personal belongings and health during a trip. The exact amount of time that is covered under the plan will vary based on the options that the insurer provides and the specific details related to your trip.

Protecting your personal assets or ensuring that you do not lose money if your plans are suddenly cancelled requires appropriate insurance. Fortunately, many travel insurance providers are willing to offer a wide range of options that may fit your needs and goals. To learn more about protecting your belongings while you travel, contact us to talk to an independent agent.

Is credit report pulled every time I renew my commercial insurance policy in Dunmore, PA?

Posted on by

If you own a Dunmore, PA business, you may notice that your insurance company will pull a credit report every time they renew your commercial insurance policy. Typically, you have nothing to worry about as your credit is not the only factor that insurance companies consider when determining your premiums. However, it is helpful to understand why your credit rating is important to insurers and what you can do if you feel that your credit report is affecting your premiums.

Why Insurance Companies Check Your Credit

Simply put, insurance companies pull your credit report because they believe that your financial standing indicates your likelihood of filing a claim. Their logic is that customers with financial problems are less likely to resolve minor issues by bearing the costs out of their own pockets. Because it is fairly easy for insurance companies to obtain a credit report, most insurance companies will pull a new report when they renew your policy.

What You Can Do To Maintain Good Standing

In many cases, mistaken information on a credit report can cause your premiums to be increased or your insurance to be denied renewal. It is important to keep on top of your credit report and dispute any errors that you see. Also be sure to take care of any credit issues that you may have well before your renewal period arrives.

How an Independent Agent Can Help

If you receive a notice of non-renewal because of credit problems, an independent agent can help you find an insurance company that will work with your credit history. We carry policies from several insurers so that you can approach multiple companies until you find a carrier. To keep your commercial insurance coverage current, contact your independent agent today.

Does my home insurance rate reduce in Milford, Pennsylvania, If I choose not to include some contents of my house on the policy?

Posted on by

One question that many residents of Milford Pennsylvania have, when it comes to insurance, is whether they can reduce the rate they pay on their home insurance if they choose not to include some of the contents of the house.

This is not a simple matter. Essentially, there is a basic rate you pay for homeowner’s insurance and this covers the “normal” contents of your house. Because of this, there is only so much you can do in this regard to reduce the rate you pay.

However, if you are paying for additional coverage—such as for art, jewelry or other pieces, you may be able to cut this out and lower your rate. But, depending on your exact situation, this may not be the best thing for you financially. Working with an agent is often the best solution. An agent can help you determine exactly the coverage you need and help you determine if cutting out some of this extra coverage is the best thing for your situation. This is the kind of service you cannot receive by purchasing your insurance online through the website.

As your independent agent, we want to help you get the best possible deal on your insurance while at the same time giving you the service you deserve. Because of this, we offer live, comparative quotes on insurance. We plug in your information and work with our connections to find insurance offers that you may not find elsewhere. Give us a call or contact us and let us find the best option for your particular insurance situation. Who knows, you may be able to obtain the insurance you need at a much lower price that you are currently paying.

Can I claim loss on the property from 2 different insurance companies in Milford, Pennsylvania?

Posted on by

One of the things that you can not do when you file a claim under your home insurance policy is to get paid more than the amount of your financial loss. While it is not illegal to buy two home policies from two different insurance companies for the same property, it is illegal to try to collect twice for the same loss by filing a claim with each insurance company.

In other words, if a fire causes $10,000 to your Milford, Pennsylvania home and you try to collect $20,000 by filing a claim with each individual insurance company, you will not be allowed to collect more than the $10,000 of actual damage. If you are caught doing so, you can get in trouble and be charged with criminal offense of insurance fraud.

Insurance companies can cross reference claims with other insurance companies to verify that a claim has not already been paid under another policy. It really makes no sense to have 2 home policies because you will be paying twice the premium and not receiving any additional benefit. If you do have two policies, your claim will be paid by your primary carrier and denied by your secondary carrier. In some cases, the cost may be shared by the two carriers, but will never exceed the cost of the actual damage to your property.

While two home policies are not something you should have, you may want or need to buy a flood insurance policy that provides protection against flood damage. Your standard home policy does not cover floods and thus, you are not overlapping coverage.

As your Milford, Pennsylvania independent agent, we can make sure you have all of the coverage you need to protect your home. Give us a call and an independent agent will be happy to review your home insurance policy.