Insurance

Will Motorcycle Liability Insurance Cover Theft?

Posted on by admin

In Westerville, OH, the only insurance that you are required to carry is liability. Many motorcyclists misunderstand what liability covers. Put simply, liability coverage begins and ends at the other party’s damages. It provides no compensation whatsoever for the policyholder’s damages. If your motorcycle is stolen, if it’s damaged in an accident, liability will not cover it.

And neither will collision. Collision insurance, as the name suggests, covers collision, and that’s it. If you are in an accident, your collision insurance will pay for the damages. If your bike is stolen, it will not.

Comprehensive is where you have full coverage. With comprehensive coverage, your losses will be covered even if your bike was parked at the time of the incident. If it’s stolen, if somebody stumbles into it and knocks it over, if it’s vandalized, you’re covered.

There may be some exclusions depending on the terms of your policy. Still, with liability, you’re protected if you are held responsible for someone else’s losses, with collision you are protected for your losses in the event of an accident, and with comprehensive you are protected against most reasonable hazards not involving a collision.

You may also want to consider gap insurance, which covers any payments you have left on your bike in the event of a total loss, and replacement, or better replacement insurance, which will get you on two wheels again right away following a loss.

If you’re looking to upgrade your coverage in Westerville, OH, or you just have some questions, you can get in touch with us at Associated Insurance Agencies, Inc. by phone, email, or in-person at the Associated Insurance Agencies Inc. offices.

How to Design a Condo Insurance Policy

Posted on by admin

If you live in Manchester, NH and own a condo, you’re required to have a minimum level of coverage. However, the minimum may not be enough to cover the costs of every event. If you want to design a policy that will really protect you, Associated American Insurance may be able to help. Learn more about what it takes to review and finalize a policy that will give you the peace of mind you need. 

Personal Possessions 

There is a common problem for all property homeowners: they believe their insurance covers their belongings regardless of their policy. But this is not always the case (and often owners don’t find out about this until it’s too late). Your policy may only cover physical damage to the unit, as opposed to items that are lost, stolen, or destroyed. Your policy will also have limits imposed for each policy owner, and may only cover a small portion of everything lost. For more coverage, you’ll need a more comprehensive condo insurance policy. 

Liability 

Liability coverage will protect you in case of mistakes or neglect. For example, if a friend falls over a toy that was left in the living room, you may be responsible for their medical injuries. Similar to the property limits, your insurance policy will also impose liability limits. If you can’t cover everything via your insurance, you’ll be expected to pay for the costs out-of-pocket. 

Ask Us 

From pet damage to identity theft insurance, there are a number of ways to customize your insurance policy based on your preferences. If you want to learn more about how to insulate yourself from unexpected catastrophes, call Associated American Insurance today. We’re here to help the Manchester, NH keep their condos and their belongings in one piece.