Tag Archive: insurance

Myths About Flood Insurance

Floods happen regularity in the USA. In the past several years, we’ve witnessed whole cities submerged in the spring flooding along the Mississippi River. But, floods can happen in unexpected locations and for unexpected factors. Congress established the National Flood Insurance Program (NFIP) to offer Business Flood Insurance coverage for the danger of flooding.


The standard homeowner coverage (HO-3) defines flooding as follows:
“…A general and temporary condition of partial or complete inundation of normally dry land areas because of: 1). The overflow of inland or tidal waters; 2. The odd or rapid accumulation or runoff of surface waters from any source; or even 3. Mudslides.
Remember Hurricane Katrina? The storm winds blew flooding waters into regions that hadn’t had flooding before. The insurance industry denied thousands of promises, attributing the damages to flood. Thousands of property owners that had been nowhere near a flood plain had their claims denied because they didn’t have flood insurance.
Therefore, here are seven common myths about Flood Insurance.
Hint #1: Homeowners, tenants, and business property insurance policies cover flood damage.
No, homeowners, tenants, and business property insurance policies don’t cover floods. The NFIP coverage is another policy which will cover flood damage to your home or business. Contents coverage may also be added into the flood coverage. Policies are available to land owners in addition to property tenants, whether home or business.
Hint #2: Just homeowners and business owners may purchase flood policies.
Truth is that the majority of homeowners, renters, condominium owners, and businesses in NFIP participating communities can purchase flood policies. Policy limits are:
O Home and Condo Owners – $250,000 in atomic coverage, $100,000 in materials coverage o Renters – $100,000 in materials coverage o Business owners and tenants – $500,000 in structural coverage, $500,000 in materials coverage
Hint #3: You can not buy flood insurance if you’re in a zone that is insecure.

Know all about the Hgv fleet insurance and where can you get it

Business is all about risk and uncertainties and when it comes to the business involving heavy vehicles the risk increase even more. The heavy vehicles involve huge cost, and therefore it becomes very important to insure or cover them. The hgv fleet insurance involves policies that provide protection for heavy vehicles such as trucks, concrete mixers, etc. The best part about this insurance policy is that it can cover various vehicles in it and that too in their maximum value. This means that if you are an individual having many vehicles, then you will not have to take separate insurance for each vehicle. It prevents you from doing more paperwork and has headaches of managing different policies.

From where can you get this policy?

The hgv fleet insurance policy is provided with various service providers. You have to choose the one for you very vigilantly as it involves all your assets. There are various service provides ready to give their services on the internet. You can search the best insurers on the internet and compare between the policies and offers they provide. Make sure you have the best and the most trustworthy insurer to save your interest.

Know the benefits of having fleet insurance policy

The hgv fleet insurance policy comes with a lot of benefits to the insurer. It not only reduces the burden of maintaining an insurance policy of various vehicles but also reduces the cost of maintaining various policies. This policy covers you from the losses you suffer when the vehicle meets any accident or gets damaged. This policy also covers your loss in case of theft or fire. You can buy the policy as per your wish. Make sure that you read all the terms and conditions before choosing the insurer. A reliable insurer will make your experience best. Therefore, choose the insurer wisely.

Comparison between the admitted and E&S insurance

As you all know that there are many rules and regulation being written in the insurance policy that does not cover the sudden hazards being occurred in the insurance of the customers. In this case, the excess and the surplus insurance come into action. The excess and the surplus insurance company will accept all those case which had been rejected by the normal insurance company. So that’s why it is always referred that excess and the surplus insurance is far more different from the other regular insurance company.


Difference between the admitted and none admitted insurance?
In the other words non admitted insurance is also known as E&S Insurance.
Firstly we would discuss the admitted line insurance. Admitted line insurance is mainly preferred to that insurance in which the rule and regulation are being written by the state insurance. The carriers in these have to file their rules and rates as according to the guidelines being written in the department of insurance. This type of insurance company mainly handles the low-risk hazards.
These types of line insurance mainly handle that high-risk hazardous method. That had been rejected by the normal admitted insurance company. Those guidelines had not been written in the normal department of insurance. The non-admitted carriers will be eligible on that time. In which the admitted carriers will fail to give the coverage. In the non-admitted carriers the policy agency, brokers etc. They will have their involvement and they can also include there rules and rates.

Vital had vital roles been played by the excess and the surplus insurance?
One of the most vital roles is being played by the excess and surplus lines insurance. This vital role is played in the case of the property. The agents and the brokers will be involved in this. So, they can increase their capability in providing the solution for the hard and the risk cases.

Types of auto insurance provided by Williams Insurance in Marion

Williams’s insurance is an insurance agency company. It has tied up with a good number of insurance companies. Williams’s insurance guides its customers in buying good policies as per their needs and budget. It has three branches. Williams Insurance in Marion is going a great business. It provides person as well as commercial services to its clients. They have the individual as well as organizational clients. They have the best and efficient staff that works around the clock.


Types of auto insurance offered by Williams Insurance in Marion:
• Liability cover: Most of the state has made it mandatory to have a minimum sum of auto insurance. I cover for losses caused to others in an accident caused by you.It’s types:
 Bodily injury: In case if you caused an accident, this policy pays for the other person’s injury.
 Property damage: It helps for damage caused to other’s property.
• Comprehensive coverage: Williams may also cover the damages done to your car from fire, theft or natural disaster. Ii is essential; if you have a vehicle loan. The amount of coverage will be in a proportion of premium you pay.
• Collision coverage: it is helpful in case you met collide with someone else’s car. In such a case it will help reimburse the expenses incurred for your damaged car.
• Uninsured and underinsured coverage: It is useful if you are hit by the motorist who does not have insurance. In such a situation without depending on the other person, you can claim from your insurer.

• Medical payment coverage: In cases where you or your family members meet with an accident, this coverage would pay for all the medical expense incurred. This way you can save a lot of money.
Williams insurance in Marion is the best agency to relay on. You can also get the personalized policy for you and your family. One can also visit its official site to get more details about Williams Insurance.