Why Do I Need A Home Inventory

The Glastonbury and Enfield, CT area is a great place to own a home, but it is not free from life’s risks. Your home is your castle, and you have home insurance to protect that castle from all the hazards that the world can throw at it. When your home is damaged or destroyed by a covered hazard, a claim with your insurance carrier will be in your near future. Filing a claim is never easy—lots of paperwork and answering questions. With a local insurance agency, you get the help to handle these claims. At Koverage Insurance Group, we are here to help our customers, and talking to them about making a home inventory is of key importance. 

A home inventory is a detailed listing of all the personal property that you have in your home. These days, you can start with a digital record of all the things in your home. You should go to each room and take pictures or videos highlighting the items of the highest value. Don’t forget to go into closets, the basement and attic, garage and any outbuildings. If you would rather create a list, that works as well. Make sure to list brand names and serial numbers, if possible, on electronics and appliances. If you have a sales slip, this should be kept with the inventory in a safe place, preferably away from your home. Having an inventory will make collecting on your claim much more manageable. 

If you are a first-time homeowner looking for home insurance or in the market for a change of agents, Koverage Insurance Group in Enfield, CT would love to talk to you. You can use our online rating tool to provide a quote on home or auto insurance, or you can stop by or call our office to discuss your home insurance needs with one of our experienced team members. 

When Is Full Auto Insurance Coverage Required?

The agents of Koverage Insurance Group offer different types of auto insurance policies for residents who live in the Enfield, CT area. Collision and comprehensive are the most complete type of auto coverage but also have the highest premiums. The benefits you receive, however, are well worth it in the end. There are some instances when carrying full insurance is required.

When Is Full Coverage Required?

Full coverage is required any time you have a lien on your vehicle. This most often occurs when you purchase a new car and the car is used as collateral. Companies that offer cars to their employees to use for business purposes often will carry full coverage to protect their investment. Although not a requirement, full insurance is sometimes a personal choice.

Benefits of Full Coverage

Full auto insurance coverage protects you from almost any type of loss when it comes to your vehicle. This includes items stolen during a break-in, theft of the vehicle itself, and also various types of storm damage. Full coverage also includes coverage for collisions and liability, as well. Once a car loan is paid off, you can maintain your full coverage for as long as you choose or you can choose to purchase a less inclusive policy option. 

Koverage Insurance Group provides full insurance coverage to anyone who asks for it or requires it as part of a contract or car loan. If you live in the Enfield, CT area, our agents can assist you in getting the coverage you need. If you aren’t sure what you need, you can always contact our office and speak to an agent who can walk you through the process. Schedule a consultation as soon as you can to get your answers.

What Is Commercial Insurance?

If you own or manage a business, you may be considering commercial insurance, and for good reason. Starting and running a business takes a lot of financial and physical commitment, so, of course, you want to protect it. Here at Koverage Insurance Group, we love helping the business owners around Middletown and Enfield, CT protect their investment. Here’s a simple guide we put together to help you understand commercial insurance.

Commercial insurance is insurance coverage that helps protect businesses from financial losses due to covered events. Though each policy is different, some of these events include theft, damage, third-party lawsuits, and customer injury. Some of the most common commercial insurance policies are:

  • General Liability Insurance
  • Property Insurance
  • Worker’s Compensation Insurance
  • Business Interruption Insurance
  • Equipment Breakdown Insurance
  • Commercial Auto Insurance

The particular coverage that you should have for your business depends on your individual business situation. The following are things to take into account when choosing coverage:

  • How long you have been in business
  • How many employees you have
  • Where your business is located
  • Whether the business owns or rents vehicles or any property
  • Your annual revenue

A small business with five employees that work from home will require different coverage than a large corporation that has multiple locations and hundreds of employees. It is important that you meet with an insurance company that will take the time to understand your unique business situation so that you get the coverage you need and none of what you do not. 

For Middletown and Enfield, CT business owners and managers, that agency is the Koverage Insurance Group. Stop by or give us a call today and let us help you protect your investment!

 

How Home Insurance Can Protect You From Premise Liability Lawsuits

Someone slips and falls in your home, or you or someone living in the home unintentionally causes bodily harm or property damage to someone or their property. These events could result in financial loss due to medical bills or replacement costs for damaged items. Ask your Koverage Insurance Group agent to help you protect your Enfield, CT business with home insurance and prevent these incidents.

What Is Liability Insurance for Your Home?

Liability insurance is part of your home insurance policy. It covers damages caused by people on your policy. The liability portion of your coverage also includes the cost of a lawsuit if the incident results in a lawsuit. This is helpful if a judgment forces you to pay for medical bills, property damage, and other costs related to the covered peril. 

Types of Coverage

There are two main types of coverage, bodily injury, and property damage.

Bodily injury is a kind of liability insurance. It pays expenses related to someone who is hurt on your property. This could include someone slipping on the icy sidewalk outside your home. Bodily injury liability and medical payments cover medical costs associated with a covered peril. Medical payments take care of necessary medical expenses for non-residents injured in or around your home.

This coverage typically includes the following:

  • Medical and surgical expenses
  • Ambulance
  • Dental work
  • X-rays
  • Hospital costs
  • Prosthetics
  • Professional nursing
  • Funeral services

Property damage is another part of your home insurance liability coverage. This covers damage to someone’s property. It would cover your expenses if your child threw a baseball through a window or damaged an expensive vase.

Koverage Insurance Group can help you protect your Enfield, CT home. Call today to book an appointment and get a free quote for home insurance, including premises liability.

Does My Teen Driver Need Their Own Auto Insurance Policy?

The Koverage Insurance Group offers personal auto insurance policies in the Enfield, CT area. However, it can be tough to decide the best way to organize family coverage. This is especially true for parents with brand new teenage drivers. While most parents automatically add their teenager to their own existing policy, there are some distinct advantages to having your teen driver buy their own, separate policy. Which choice is right for your family?

  • If your teen already has a steady work history, buying their own policy is an important step towards building a strong credit history. For teens who aren’t as self-sufficient, parents can help them avoid long-term damage to their credit by keeping them on their own, more stable policy.
  • Married teens, those with their own dependents, or youngsters with limited cash flow can enjoy more amenities on their parents’ policies without breaking their meager budgets. Teen drivers with less responsibility may be able to secure lower rates on a solo plan that doesn’t include the little extras on their parents’ plans.
  • With a good student discount, many teens can secure a low-premium policy all on their own. However, those who aren’t as academically apt generally receive better rates on their parents’ plans.
  • Does your teen have their own vehicle? If they’re mostly using your car to get around, buying a separate policy would be a waste. However, if your child owns their own vehicle, a separate policy could be used as a tool to instill a sense of responsibility while safeguarding parents from increased risk.

These general guidelines can help you start thinking about the best solution for your family. When you’re ready for more personalized guidance, contact Koverage Insurance Group for help finalizing your Enfield, CT area auto insurance plans.

Is Defective Product Liability Covered Under My Commercial Insurance Policy?

Defective products create liability. In most cases, your commercial policy will be able to cover any damages caused by a defective product that you either sold or manufactured as long as you had no idea there was a problem. The agents of Koverage Insurance Group serve businesses in Enfield, CT that may require commercial insurance that covers defective product liability.

Knowing Your Liability Limits

Most commercial policies have liability limits that can range between $100,000 and $1 million, depending on the types of products or services you offer. Knowing and understanding these liability limits will help you determine if you are sufficiently covered or if you may need to increase your coverage. Commercial policies are designed to protect you from financial loss, but sometimes you may need to supplement that coverage.

Adding an Umbrella Policy

If you have concerns that your existing commercial policy may not be sufficient, you have two options. You can increase your liability policy, or you can choose to purchase an umbrella policy. Umbrella policies are more expensive but will cover you over and above the limitations of your commercial policy.

If you own a business in Enfield, CT, contact the agents of Koverage Insurance Group if you have questions about your commercial insurance coverage and your defective product liability limits. With our many years of experience, we can provide you with sound advice and assist you in getting the right amount of coverage to meet your needs. Having a sufficient amount of commercial coverage is essential for peace of mind and a solid sense of security. Speak to an agent today or visit our office to get the answers you need.

5 Ways to Prepare Your Home for Fall

With fall soon approaching, now’s a good time to start preparing your home for the change of seasons. The longer you put home projects off, the greater your chances of getting caught off guard when cold weather hits in earnest. Here are a few ideas from Koverage Insurance Group on how to prepare your Enfield, CT home for the cooler temperatures of fall.

Clear Out Your Gutters

Clean your home’s gutters of dirt and debris that can keep rainwater from draining freely. Clogged gutters can cause water to amass on your roof and eventually leak into your home.

Service Your Heating System

Schedule an appointment to have your heating system serviced before cold weather arrives. Clean your filters and vents and make sure airflow isn’t impeded by carpets, curtains or furniture. If your home has a fireplace, make sure it’s clean and ready for use. For safety’s sake, your chimney should be cleaned and inspected by a professional before using.

Seal Cracks in Windows and Doors

As winters can be freezing in Connecticut, take time now to seal cracks in windows and doors to eliminate drafts, keep warm air in and save money on heating costs.

Empty Hoses and Outdoor Faucets

Disconnect and store away outdoor hoses before temperatures drop. Run faucets and sprinkler system to drain all water and then turn off the water supply. This will prevent pipes from bursting when temperatures plunge.

Update Your Home Insurance

Review your home insurance coverage to ensure you have the dwelling, property and liability protection you need. This is especially important if you’re expecting visitors for the holidays. The right coverage will protect you against unexpected disasters or accidents that may occur on your property.

To upgrade your home insurance coverage, call or visit your Koverage Insurance Group agent in Enfield, CT today.

Who’s Covered Under Your Auto Insurance?

Summer’s a time for road trips and holiday activities with family and friends. With so much happening, it’s only natural to loan your vehicle to other drivers. Before allowing anyone to drive your car, make sure they’re covered by your auto insurance. The following guidelines by Koverage Insurance Group in Enfield, CT explains more about auto insurance coverage for "guest" drivers.

Immediate Family

Relatives who are part of your household are automatically covered by your auto insurance coverage. If your parents, brother, sister or another family member with a valid driver’s license borrows your vehicle, they will be protected by your insurance policy, as long as they have your permission to use the car.

Visiting Relatives

It’s not uncommon to have relatives come to visit for the summer. They may ask to borrow your car for a quick trip to the supermarket or local mall. If you give them permission to drive your vehicle, they will be covered by your auto insurance. Naturally, you should ensure your relative has a valid driver’s license and is a safe driver before loaning out your car. If Uncle Henry is known for speeding or Aunt Mary has a history of fender benders, you may want to think twice before letting them borrow your vehicle.

Friends

Friends are also covered under your auto insurance if they have a valid driver’s license and you’ve given them permission to use your car. Guest drivers, however, may not have the same level of protection that you have on the road. When in doubt, talk to your Koverage Insurance Group agent about the coverage guest drivers have under your policy so you can be prepared in the event of an accident.

To learn more about auto insurance options, coverage and costs, call or visit your Koverage Insurance Group agent in Enfield, CT today.

What Does Business Interruption Coverage Do?

Our Enfield, CT customers often wonder about how commercial insurance works, and why it is important to their business. Truthfully, the most loss a business can experience comes from the suspension of work due to damages, in addition to the loss of actual property.

Today, Koverage Insurance Group will examine how the business interruption coverage in your commercial insurance policy can help you get your business back on its feet following a major disaster.

What is business interruption coverage?

Imagine a situation in which you are no longer able to conduct normal business operations for an extended period of time. This can happen due to damages from natural disasters, criminal vandalism, or a fire; just to name a few.

During the period of time it takes to restore your business into proper working order you will likely be losing money. This is where business interruption coverage can help.

This type of coverage can help assure that you are able to repair or replace needed property, as well as provide for bills or lost wages during the restoration process. Specific coverage will be determined by your policy, usually determined by the nature of your business.

What should I do when my business is suffering hardship due to a covered loss?

  • Give notice as promptly as possible – If a law was potentially broken, inform the police. Then make sure you notify your insurance company of the loss including the time and location of the damaged or lost property.

  • Protect your property from further loss – If reasonable, move or otherwise shelter the remaining property from damage until it can be evaluated.

  • Record all expenses for repairs and other emergency costs – These will be important considerations for your insurance settlement.

Koverage Insurance Group is dedicated to helping see our Enfield, CT commercial insurance customers through times of emergency. Contact us today to discover more reasons why business interruption coverage will protect you during times of crisis.

What Type of Home Security System Is Best?

Home security systems can be very basic or extremely sophisticated. When it comes to choosing the type that’s best for your needs, you will have to decide how much effort you want to put into the installation and monitoring the system. Residents who live in the Enfield, CT area can talk to the agents of Koverage Insurance Group to find out how a home security system can help to protect your home and family. 

Self-Monitoring Systems

Self-monitoring systems like SimpliSafe Arlo and Nest are easy to install and can be self-monitored. If you want to install the system yourself but prefer professional monitoring by a third-party call center, that option is available to you. With self-monitoring systems, you can add other devices to your system as desired without having to call a professional technician to install them.

Advanced or Professionally Monitored Systems

Advanced, professionally monitored systems like ADT, Frontpoint, and Brinks offer state of the art technology that includes environmental hazard detection and full home automation. With home automation, you can literally control almost any device remotely by using a downloadable app on your phone or tablet. You can even control your thermostat and door locks. Advanced systems normally require professional installation and can be hardwired directly into your home’s electrical system.

In Enfield, CT, the agents of Koverage Insurance Group can help you determine which type of home security system will fit your lifestyle. They can also recommend a security system for your business. No matter what type of system you choose, the agents are always available to answer your questions. Call and schedule an appointment today to talk to a reputable agent today!!