Crum & Richards Insurance Agency Inc

Once you have your insurance policy, be sure to keep your representative informed of any changes you make. For example, if you add or upgrade equipment, it will not be covered until it is added to the policy.

According to insurance companies, one in every five motorcycles is the subject of theft claims. However, it’s believed that almost a quarter of those claims are fraudulent – a big reason rates can be high.

If you are considering an Agreed Amount Value insurance policy for your boat, if a claim is filed when there is a partial loss, old parts are replaced with new – there is not a deduction for depreciation.

As with other types of insurance, there are comprehensive travel insurance policies that cover multiple situations and scenarios. We can discuss your needs, look at the insurance you already have, and make recommendations about policies that are tailored to you.

HO-8 insurance policies are specifically designed for older homes. Because it can be extremely expensive to repair or replace HVAC systems in these houses, you may want to consider a rider policy that covers them.

Before signing your automobile insurance policy, read it carefully to make sure you understand exactly what is and isn’t covered as well as any limits or exclusions. If you don’t understand something, ask the agent.

Even if a lawsuit is frivolous and more than a little ridiculous, you still have to pay all of the expenses to defend yourself from it. Umbrella policies help take the bite out of these lawsuits by helping to cover any lawsuit costs you have.

If you anticipate having to care for an elderly relative who is in good general health, but may suffer from other issues, long-term care insurance is available to help cover the expenses of off-site adult day care. Having access to this type of help allows you to retain some of your freedom and independence.

Because there are many factors that can damage or negatively affect a boat, we recommend a regular review of your insurance policy to note any exclusions that may exist or make any upgrades that may be needed.

Homeowners insurance is not only for single residence dwellings. Condominium owners should also consider carrying this type of policy for liability and personal property coverage; the association’s policy covers building damage.

What does my net worth have to do with umbrella insurance? This type of insurance can provide additional coverage beyond the normal limits of auto and homeowner’s policies. Understanding your net worth means you are aware of what is truly at risk in the event of a large lawsuit.

Federal law guarantees you the right to purchase a Medigap policy regardless of your health and to receive the best rates available. We can walk you through the process.

Just because you and your spouse are in good health now, that doesn't mean things can't change in an instant. Medigap, or supplemental Medicare coverage, provides an important safety net.

No one knows better than you do when it comes to the investment you have made in your personal possessions. Having the proper levels of insurance means that you are protected from financial disaster in the event of unforeseen problems.

Don't base the amount of homeowners insurance on your property tax. Property taxes include the value of the land, and you do not need an insurance policy for that since it is not considered something that can be damaged.

Are you worried that your customized or classic motorcycle can’t be insured. Relax, it’s fine. In fact, almost 100 percent of all makes, models and years can be insured, even if you built it from a kit.

If your business requires transporting people between locations on a regular basis in your personal vehicle, your personal insurance policy will not provide coverage in the event of an accident. You need a business automobile policy that expressly covers the range and scope of your enterprise.

When you own multiple properties, you face increasingly greater chances of someone being injured on one of them. Umbrella liability insurance covers you when someone gets hurt and your standard policy is not sufficient to handle the costs.

In order to be competitive in the marketplace, you need to be able to attract and keep the best employee candidates available. Offering group health insurance is considered a best business practice.

When it comes to insurance, good faith is the responsibility of both the insurer and insured. For example, if someone applying for insurance lies or intentionally leaves out requested information, he or she is acting in bad faith and the policy can be voided and legal action taken.

Age has its benefits – and one of those is lower premiums for your homeowners insurance. Check your policy, or with your agent, to find out what age triggers a senior citizen discount (it varies among policies) and claim the discount if you are eligible.

Medicare Advantage plans offer many things that Original Medicare may not. We can help you understand the differences and find a plan that works best for you or for you.

Because of the amount of equipment and number of accessories on a recreational vehicle, typical automobile insurance may not cover everything. Recreational vehicle policies can be tailored to cover as much or as little as you want so that you have the level of protection you prefer.

Long-term care insurance actually helps improve the health of policyholders. Studies have shown that those who have this type of insurance are more likely to seek medical treatment early, rather than waiting out of fear of not being able to pay for assistance.

Do you have a home-based business? Most municipalities have laws regarding the types of insurance you must carry. These are coverages that are not found in homeowners’ policies and are intended to protect both the business and the public.

When selecting a group insurance plan, you can choose from among HMO, PPO, and other plan options. We will review all that are available and explain their differences to help you make the best decision for your employees.

Do you own an outdoor playset, trampoline, or swing set? These can be a lot of fun, but they can also open the door to injuries and accidents. But you don’t have to worry. An umbrella policy can help cover any expenses from injuries or accidents that your other coverage can’t cover.

Business auto insurance covers not only damage to the vehicles you use for your enterprise, but also any damage your drivers or the vehicles may cause. You do not want to put your company at risk because of an unfortunate situation.

For insurance purposes, the most reliable appraisers are those who carry Certified Insurance Appraiser credentials. If you do not know where to locate one, your agent may be able to provide you with a list of those in the area.

Traveling with a tour group is a great way to see various parts of the world. However, if you become ill or injured, the tour must go forward and leave you behind. Travel interruption insurance is designed to reimburse you for the parts of the tour you miss.

If you are buying an RV, adding it to your auto insurance won’t fully cover it. Auto insurance isn’t designed to cover the ‘Recreational’ part of RV, like living space, kitchen appliances, etc. You need a policy specifically for RVs.

The insurance offered by a car rental agency averages more than ten dollars a day. Frequent car renters may find adding an umbrella liability policy to their regular insurance to be a more cost-effective approach.

For insurance purposes, the most reliable jewelry appraisers are those who carry Certified Insurance Appraiser credentials. If you do not know where to locate one, your agent may be able to provide you with a list of those in the area.

What affects your automobile insurance rates? There are a number of factors including: driving record, geographic location, age, gender, type of car, marital status, previous insurance records, and how the vehicle is used and stored.

Commercial vehicles used in business, especially large trucks, are not only more expensive than those for personal use, they also hold their value. You need a commercial policy that ensures you are not in a financial bind if something happens.

Did you know that 25 percent of drivers think that the color of their car affects their insurance rates? The remaining 75 percent have it right: the color of a car has no bearing on insurance premiums.

What happens if a lawsuit triggered by an auto accident goes through all of your liability insurance coverage? Unless you have umbrella coverage, you could be personally liable for any excess damage amounts, putting your home and property at risk.

Homeowners insurance and mortgage insurance are two different things, although both be required by your lending institution. Lenders require mortgage insurance if you paid less than 20% of the value of the mortgage as a protection against defaulting on the loan.

Most umbrella policies exclude claims connected to the use of so-called "non-traditional watercraft" such as jet skis and air boats. Snowmobiles are not included in the list of exclusions.

As with home and automobile insurance, travel insurance can be tailored to the particular circumstances and parameters of your trip. Among the options are individual or group policies, whole or partial trip coverage, or a specialized policy for unique situations.