Tag Archive boat insurance

Daniels Insurance

What Is Personal Umbrella Insurance?

If you’re in your 20s or 30s and trying to determine which insurance is necessary for this point in your life, you may be feeling a little discombobulated. One way to make sure that you have all the coverage you need is to purchase a personal umbrella policy.

What It Is

Umbrella insurance is a type of policy that covers you from claims or lawsuits across a variety of situations. It may cover anything from homeowners’ insurance to boat insurance and can protect you from situations not generally covered by liability, such as false arrest or libel and slander. Source: Daniels Insurance

How It Protects You

Umbrella insurance protects you when your other policies can’t. Imagine, for example, that your home catches on fire. Chances are your homeowners’ policy only covers a certain amount of damages. If your home has $750,000 of damage, but your policy only covers $500,000, you’re on the hook for the remainder. However, an umbrella policy can cover that additional $250,000 so that you aren’t scrambling to pull it out of pocket some other way.
If you do decide that umbrella insurance in Santa Fe is right for you, be sure to purchase it from a reputable, licensed agency. This way, you know that your needs are being met and aren’t met with any unpleasant surprises in an emergency.

boat rental insurance

Purchasing Insurance for Boat Rentals

Various industries prosper in warm climates, and this is undoubtedly true for boat renting operations. If you own a boat rental business, you are aware of how kind, warm weather can be to your enterprise. With this said, you also understand that maintenance and other unexpected expenses can undoubtedly take a toll on your budget for either the month or quarter. There is also the possibility of personal injury or theft taking place at your boat rental business. For any of these circumstances, boat rental insurance can potentially cover the majority of your liability. It is always better to have a policy in place for extenuating conditions, so boat rental insurance helps owners in various ways.

Acquiring Watercraft Liability

Many teenagers acquire boating licenses while they are in high school without actually operating a boat. As it stands, the possibility for boat-related injuries is relatively high due to the number of inexperienced boaters there are. Watercraft liability will help protect your business from liability about bodily injuries or damages to property.

Acquiring Premises Liability

The Fourth of July passed recently, and you likely held an event at your boat rental business to celebrate the occasion. Depending on the clientele, it is not out of the question that many of your consumers had a little too much to drink while celebrating. When people are in this state of mind, the likelihood of damaging property raises exponentially. Premises liability is a form of boat rental insurance that protects your property should any circumstance fitting this criterion occurs.

the personal insurance claims

How to Choose the Right Individual Insurance Plans

How to Choose the Right Individual Insurance Plans

If you run a business or work outside the home is likely that you have exposure to insurance for businesses on either end of the transaction. That is because in many cases it is essential for avoiding costly claims that can undo the efforts and profits made by these organizations. However, it is not only the corporations and large entities that need insurance. For most of your adult life, you likely learn right away that investing in insurance is not only wise but mandated by law in a variety of circumstances for the personal insurance claims you can potentially have. Since a single plan may not meet all your needs, you will likely need several.

The Shopping Process

Depending on your circumstances and lifestyle, you will need to evaluate which aspects of your life need insurance. Some common ones are for the following:

Home or Rental

Personal Automobile

Natural Disasters

You may also need additional plans for other activities in which you participate. For example, if you like to go sailing, then boat insurance might be mandated. Or if you are an individual contractor, you might seek coverage to cover the personal insurance claims that may arise. Regardless of your situation, speaking to a qualified agent can help you determine the best plans for your needs, and identify any gaps that might need specialized coverage.