Top Summer Insurance Considerations

man holding an insurance contract with a pen to signWith the summer officially started it is time to bask in summer activities we have been waiting for all summer long. From relaxing in a pool to having fun on your trampoline or taking your boat out for the day, there are a bunch of activities that you can have insurance policies on for extra protection. No matter what time of the year it is, it is always better to be safe than sorry and to have a layer of protection on your side in the event of any accident that may happen. Below are a couple of common insurance needs that tend to come up during the summer months.

Common Insurance Needs in the Summer

Renters & Homeowners Insurance

Whether you have either renters or homeowners insurance, you will have a peace of mind that your belongings will be protected. If you are on vacation during the summer and your possessions are damaged or stolen from your house or car, having these insurance policies will cover you. Keep in mind that while these policies should cover you in these events, they may not cover for the full value amount of your items. This is why you should look at special policies that cover the full value of special items such as jewelry, furs, and antiques. You will usually find these special policies as floaters or insurance riders.

Pools

Pools are the number one way to get away from the heat in the summer where you can relax cool off by the water. However, they are the cause of many injuries and sometimes death during these warm months. With the known risk of having a pool, homeowners should expect your homeowners’ insurance will rise when you add a pool to your property. The great thing is that there are a ton of policies out there to cover pools so it will be easy to find insurance for it.  While most homeowners policies cover pools and hot tubs, be sure to read over yours in the event you have to find a policy for your pool on the side. One route you can take is if you grab an umbrella insurance policy to encompasses anything your regular insurance policy may not cover which in this case could be pools and hot tubs.

Trampolines

Like with pools, trampolines are categorized as attractive nuisances and homeowners will need to get extra protection if they plan on having a trampoline. The big difference between pools and trampolines is that injuries caused by trampolines are more frequent to happen which is why some insurers refuse to cover them. If they do, then you can expect to pay higher rates because of the high injury frequency. If anything, a standard umbrella policy should help you cover a trampoline.

Boats

As anyone knows, owning a boat is a huge investment as there are a lot of expenses that come with these luxury items such as gas and getting licenses. Another thing to keep in mind is the cost of repairs as well as making sure you and the boat are protected from injuries and damage. Sometimes, a standard homeowners policy will cover boats but not all of the time. This is why we recommend you look for an insurer that offers boat insurance as this policy specifically covers you and your boat from any injury or event you can think of.

 

 

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Everything You Need To Know About Car Insurance & The Winter

Aside from cold weather and snow, the winter usually comes with an increase in motor collisions on the road. This is especially true for those living in New England as the winters can get pretty harsh. After purchasing a car, you will want to buy a car or auto insurance to protect you and your vehicle from any future incidents. However, every insurance policy is different and covers different types of incidents so you should read up on your policy before you drive in the snow this winter. We have laid out some common situations that could occur while you drive in the winter and how having car insurance can help you save money.

If Roads Are Closed

With New England known for their bad winters, there are going to be points where roads will be closed due to bad weather conditions. If this is the case, just stay home and wait until the weather gets better and the roads are cleared. Not only is it dangerous, but insurance companies may have grounds to deny any claim you can file due to an accident. An example is if you drive still after roads are declared closed, the insurance company can say you were committing “contributory negligence.” While this probably won’t happen, it is good to keep in mind that due to certain instances, a claim could be denied so it is better to be safe than sorry.

A Tree Damages Your Car

Far too often we hear of stories of people being denied claims because insurance companies not having to cover for natural occurrences. If you are wary of this, then you might want to see if your insurance agency offers comprehensive insurance. This is an additional policy that goes with your car insurance that covers damages to your car that is out of your control. This usually includes falling trees, baseballs hitting your car if you drive by a game, hail, etc.

You Skid & Hit a Building or Car 

More often than not, accidents in the winter usually consist of a car skidding on ice and then crashing into a building or parked car. The good thing is that if this happens then your property damage liability insurance will take care of it. Since property damage liability is mandatory in every state, as long as you have car insurance you won’t have to worry about paying for any damage costs.

A Car Skids Into Your Parked Car

If this situation happens to you and you are not around to talk with the person who hit your car then you have a couple of options. The first is to file a claim against that person’s property damage liability insurance. The second, if you have collision insurance, is to file a claim through that but the only downside is that your rates may go up. This is why we recommend filing through property damage liability insurance.

You Skid On Ice and Injure Yourself

If you encounter a situation where you skid on ice and are harmed by the snow that caused the accident then you will be covered by either personal injury protection or your health insurance. Personal injury protection (PIP) is a coverage, mandatory in 15 states, that takes care of injury costs from a car accident no matter who is at fault. With a standard car insurance policy, and depending on where you live, you may not be covered for your injuries. Knowing this, you should talk to your insurance agency to see if they provide PIP and have it added on to your overall coverage.

If you have any questions about car insurance or would like to know about our other insurance policies, then contact us today!

Why You Should Consider Flood Insurance

If you live near the coast, especially during this winter we’ve had, you may know first hand the destructive power the ocean and water can have, and the disastrous effects it can leave behind. Flooding is a real risk and is one of the most commonly occurring natural disasters in the country! Flooding can cause irreparable damage and can be extremely expensive. If you do not have flood insurance, it could cost you thousands.

Who needs Flood Insurance?

Most general homeowner’s insurance policies do not include flood insurance. They may include water damage caused by certain things like a burst pipe or a leak in the roof, but severe water damage caused by flooding may not be covered. Flooding can happen anywhere to anyone; certain homeowners are actually required to have flooding insurance if their home is located in a high-risk flood area. For homes in these high-risk regions, as defined by the Flood Disaster Protection Act of 1973 and the Flood Insurance Reform Act of 1994, flood insurance is mandatory due to the higher likelihood of disaster.

Even if you’re not located in one of these high-risk zones, flooding is still a major possibility. Your home does not just have to be near the ocean or some body of water, it happens everywhere. Almost every region of the United States has experienced some form of flooding. Don’t wait for it to happen to you, one inch of flood water can cause $20,000 worth of damage! Protect your home and your financial stability before it is too late! Better safe than sorry right?

John J. Walsh Insurance has a variety of flood insurance options available for anyone! We offer low premiums and differing levels of coverage. Let John J. Walsh Insurance protect you and your home from the risk of disastrous flooding! Contact Walsh Insurance today to Inquire about our flood insurance programs!

5 Important Things to Know About Flood Coverage

The Ins and Outs of Flood Insurance
Many homeowners who are not in a flood zone often say they don’t need flood insurance because they are not in a flood zone. However, that is not exactly true.

Did you know most of the country is in a flood zone? Whether it’s flooding from the ocean or a river near you. Some areas are often more severe than others and thus, you may want to purchase flood insurance.

So here are five important things to know about flood insurance:

  1. Homeowner’s insurance policy does not cover you from flooding. Thus, you might be required to buy a separate policy depends on the location of your home. You can contact a local agent to help you find the coverage that is right in your area.
  2. Many coastal areas in Massachusetts require you to purchase flood insurance. However, flood insurance also applies homes located near a major river. A flood could happen if you live near a river that has flooded in the past such as the Merrimack River.
  3. Flood zones determine the costs of flood insurances. The FEMA zone along with other factors will determine the costs and if you decided to purchase a house next to a major body of water, your insurance rates are going to be higher than houses that are in a less severe zone.
  4. If you buy the home that is located in a flood zone by paying the entire amount or pay off your mortgage, you might have the choice of carrying the coverage or not. However, if you borrowed from a lender, you are most likely required to buy flood insurance.
  5. Make sure when you purchase a policy, you understand what is covered and what is not. Contact a local agent for help.

It is important to remember flood zone maps are always updated. Your house could be located in a less or more severe flood zone from time to time. Whenever a change happens, you may want to contact an insurance agent to discuss you are still insured at the level you want.

Contact Flood Insurance Agent, John J Walsh Insurance Today

If you have questions about a new or existing flood insurance policy, contact us today. We can answer any questions you have about flood zones and policies. We are proud to serve Salem, Beverly, Danvers, Gloucester and more.

 

 

What Happens to Your Insurance If A Fire Caused By Someone Else Destroyed Your Yacht

Did you know on December 12, 2015, a 3 alarm fire destroyed the Annapolis Yacht Club? It took 90 firefighters about two hours to control the fire. Oil paintings and wooden models of sailing ships were completely destroyed by the fire.

This proves the need of having a well-covered insurance policy because just like cars, yachts and boats are vulnerable to damages and accidents like this.

So here are some things you must know about your yacht insurance.

1. You are not covered automatically under your homeowner’s insurance

As yacht owner, you cannot assume your homeowner’s insurance will cover your yacht as well. The policy might probably cover you if you have a small boat that has a small engine or no engine at all. However, if it’s a yacht, you will need to purchase extra coverage. It is the same with your automobile, your homeowner’s insurance is not going to cover your car. However, you can still purchase them together in a bundle so you can save a considerable amount of cash.

2. Fire Damage Isn’t Always Included

Before you purchase a boat insurance, you will need to shop around and look for the policy that specifically provides coverage for fire damage. Pick a policy that will protect your boat in worst case scenario. In the case of a fire or hurricane, you will sleep well knowing hat repairs and replacements are insured.

 

 

 

3. Check Your Current Policy

Another popular reason for a boat insurance claim is hurricane damage, other factors are theft, collision, and sinking. It is important to check your insurance policy to see if you have limited coverage or full coverage. You should know what’s covered and what’s not.

John J Walsh Insurance in Salem & Rockport, MA

If you are buying a boat or own a boat in Salem, Rockport, Gloucester or other communities in the Cape Ann area, contact John J Walsh Insurance today for a quote on your boat insurance.

 

 

How to Save Thousands of Dollars Next Year in Your Insurance Policies

Your insurance policies save you from spending extra money on your home and property. However, many families either have not enough coverage, or uninsured expensive properties.

The first place you should look to save some money is in your valuables. Perhaps this year you received an expensive gift, or acquired a new piece of jewelry or art. Before adding a new piece to your policy, you should have the items appraised so you know their worth. After the appraisal, protect your new items with a personal property policy. These policies are available as an add-on to your current policy.

If your valuables came in the form of a remodel for your kitchen or bathroom, you should consider a builder’s risk policy. Builder’s risk policies cover any issues you may have while working with contractors. While the remodel is happening, be sure to document progress with photos, so that you can show your insurance company.

If you are starting the new year with a new car, you will need comprehensive and collision insurance. Comprehensive insurance will protect you from vandalism, theft and falling objects.

In addition to these additions, you will want to look at your life insurance policy. If you had any type of change in 2016, such as a marriage, children, or finding a new job, you will want to adjust your life insurance policy. As depressing as it might be, it is a good idea to review your death benefit policy to see if you have the correct amounts and monthly payments.

With each type of these policies, taking a closer look will help you to save some money in the long run. If you have questions, or need guidance on insurance, this is where we come in! John J Walsh is here for all your insurance needs. Call Today!

Is Insurance a Good Idea for Your Family’s Pet?

 

Your pet is often a large part of your family. You raise him/her, and your children and you become attached to the animal almost instantly. Your love for the animal makes you feel that you would do whatever you could to ensure he/she gets the best medical care. However, your wallet may not support these ideas. Purchasing pet insurance is a big financial and emotional decision that is based on what you are willing to pay to protect your pet.

Aside from forming an unbreakable bond in your family, you never know what kind of health your pet will have when it is a baby. The animal could grow up completely healthy, or grow up with health problems. Even if the pet has a healthy start, of course health problems can develop over the course of its’ lifetime.

Health problems can cause serious financial issues for owners. Medical bills are not cheap, and often run around thousands, depending on what services your dog or cat needs.

Once first adopting your dog or cat, this is the perfect time to consider insurance. The policy will be cheaper when the animal is young, and it will cover you in case of any emergency that you are unable to pay for.

Many pet owners don’t save money “just in case” their dog or cat gets sick. For example, dogs eat everything! You never know if your dog will ingest something, perhaps while you are at work, or not watching him for a minute, that will cost you thousands. Some people on the flip side of the coin argue that a perfectly healthy dog doesn’t need insurance. Even though this MIGHT be true, you never know what circumstances you will encounter with your pet, so it is best to protect them in case. Don’t wait until you are in the lobby of the veterinarian’s practice, with a sick puppy, feeling anxious and trying to figure out how to pay a bill.

If you are financially able, pet insurance is the best decision to provide your animals with a long and healthy life.

Call us today for more information, and let’s get your pet protected.