Monthly Archives: June 2016

Home Insurance in Dunmore, PA: Do You Have Enough Coverage?

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There are no second chances when it comes to home insurance. If you don’t have enough coverage when disaster strikes, you could end up losing everything or almost everything. For this reason, it’s crucial that you have enough insurance to cover all of your personal possessions. Following are a few things you should consider when deciding how much coverage you need for your personal belongings. 

Standard Coverage

Most insurance policies offer standard coverage for your personal belongings that hovers around 50 to 70 percent of the amount of coverage you have for the structure of your home. this amount may be enough for you, but you won’t know until you take a complete inventory of your belongings. 

Replacement Cost

You can use two vastly different numbers to decide how much coverage you need: the replacement cost and the cash value cost. The replacement value cost is the amount that you will have to pay if you were to go out and buy the item new today. The cash value cost is the value of the item today minus any depreciation. If you want to replace all your stuff, you will have to use the former. 

Expensive Items

If you own expensive items, such as jewelry or art, you should cover these via a floater or endorsement on your policy rather than include them in your total belonging valuation. Keep in mind that you should insure expensive items for slightly more than they are worth to account for appreciation. For example, if you have a painting that’s worth $10,000, you might want to insure it for $12,000.

If you don’t know how much your stuff is worth, be sure to hire an appraiser. For more information about how much coverage you should have for your personal belongings, talk to Rodgers-Olver-Polley Inc. today. 

Rodgers-Oliver-Polley Commercial Insurance

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It is hard work building your own business. You have to work longer hours and there is no one over you to bail you out or tell you what to do. However, this is the exact reason many of you small business owners went into business for yourself to begin with. You know how to rely and take care of yourself. Otherwise, you would never have dared to set out on your own.

One thing you have to take care of yourself is having to protect yourself from frivols lawsuits and other liabilities that can potentially destroy your business. There are lots of regulations and lawyers that can get in the way of your business success.

One way you protect yourself is by having the right commercial liability insurance. Different business have different liabilities, so you need to have a policy that is tailor-made for your unique business needs. You do this by picking the right insurance agency. These policies will protect you from ruin if you are sued.

For business in and around the Dunmore, PA a great way for you to get the right policy is by talking with the license agents at Rodgers-Olver-Polley, Inc. Our great agents will work with you to find the policy that is right for you. They will get to know you and your business and find your particular needs.

If you are a small business owner you need to visit Rodgers-Olver-Polley today. They will help give you the peace of mind in knowing that all you have worked for is protected. They can also help you look at your other insurance needs as well.