What is RV Insurance and Why Do You Need It?

You already know that you need insurance for your truck, car, or sport utility vehicle to drive legally in Enfield, CT. But did you know that it is also a great idea to carry coverage on your recreational vehicle? RV insurance is comparable in cost to an auto policy and is an ideal way to protect your asset while ensuring you’re road legal. Here is information from our Koverage Insurance Group team about what RV insurance is and why you need it.

What is RV Insurance?

Similar to auto insurance, recreational vehicle insurance offers coverage to protect you from situations where you’re at fault for an accident, there’s a theft, some types of weather damage, and more. It meets all guidelines for carrying liability coverage, which is required by law. And certain policies can also help pay for towing, glass replacement, emergency expenses, and more. 

RV insurance is rated by the class model of your vehicle. For example, a Class A motorhome has a higher insurance cost than those that are Class B or Class C. Your driving history, whether you live in the vehicle full-time, and deductible limits all play a role in how much your policy costs.

Why is Having RV Insurance Important?

Having adequate RV insurance is incredibly important. Besides the fact that you need it to stay legal out on the road, the coverage helps protect you against unexpected damage or theft that might happen when you least expect it. Since you’ve already put a lot of money into making your RV a home, insurance is a good way to protect your investment.

Your Trusted RV Insurance Specialists

Still have questions about RV insurance? Our Koverage Insurance Group team is here to help with all of your Enfield, CT recreational vehicle insurance needs. Please contact us today for details.

What is RV Insurance and Why Do You Need It?

You already know that you need insurance for your truck, car, or sport utility vehicle to drive legally in Enfield, CT. But did you know that it is also a great idea to carry coverage on your recreational vehicle? RV insurance is comparable in cost to an auto policy and is an ideal way to protect your asset while ensuring you’re road legal. Here is information from our Koverage Insurance Group team about what RV insurance is and why you need it.

What is RV Insurance?

Similar to auto insurance, recreational vehicle insurance offers coverage to protect you from situations where you’re at fault for an accident, there’s a theft, some types of weather damage, and more. It meets all guidelines for carrying liability coverage, which is required by law. And certain policies can also help pay for towing, glass replacement, emergency expenses, and more. 

RV insurance is rated by the class model of your vehicle. For example, a Class A motorhome has a higher insurance cost than those that are Class B or Class C. Your driving history, whether you live in the vehicle full-time, and deductible limits all play a role in how much your policy costs.

Why is Having RV Insurance Important?

Having adequate RV insurance is incredibly important. Besides the fact that you need it to stay legal out on the road, the coverage helps protect you against unexpected damage or theft that might happen when you least expect it. Since you’ve already put a lot of money into making your RV a home, insurance is a good way to protect your investment.

Your Trusted RV Insurance Specialists

Still have questions about RV insurance? Our Koverage Insurance Group team is here to help with all of your Enfield, CT recreational vehicle insurance needs. Please contact us today for details.

Common Exclusions For Commercial Insurance

In Enfield, CT, your commercial insurance policy is going to cover the most common hazards, most damages, and most losses, if you have an adequate policy. But there are some reasonably standard exclusions. Here’s why your claim might get denied:

  • You don’t have the coverage you thought you had. For example, some business owners believe that if they have liability, then they can file a claim after a fire. Liability is there to pay for damages and injuries when you are held responsible, but it doesn’t cover the building or your property.
  • You didn’t file within the deadline. Most insurers have different timeframes in which you can file a claim, but they all have a timeframe. You can’t sit on an insurance claim, saving it for a rainy day. You have to file promptly.
  • You don’t have adequate documentation. Say you lose a new pizza oven in a fire. Does your insurance company know you had a new pizza oven, or are you only insured for the old one? Update your insurance company about any changes and significant purchases in the store in a timely manner.
  • The losses fall under an excluded property. Most insurance policies won’t cover building foundations, land, paved surfaces, any crops, grain or hay stored outside, or non-livestock animals. Check your policy and ask your agent if you have any questions.
  • You were hit by a flood. Flood is covered by flood insurance. Almost nowhere in the United States will you find a commercial or home insurer that covers flooding.

If you’re looking to get covered in Enfield, CT, get in touch with us at the Koverage Insurance Group. Stop by the Koverage Insurance Group offices or give us a call and let’s see what we can do to help you.

Three Tips for First Time Homeowners

If you’ve just purchased your first home, you are likely in the same position as the vast majority of buyers – asset rich and cash poor. After having just plopped down a sum of money for your down payment, the last thing that you are going to want to do is spend more money on furniture, repairs, and home improvements. Let’s talk about our budget-savvy tips for first time home buyers.

Furniture Shop Smartly

It can be easy to want to furnish your entire house after just purchasing it. What’s more fun than decorating a spare bedroom with your favorite sports decor or planning that future nursery, but the reality is if you don’t need to use the space on day one, you don’t need to furnish it immediately. Start by just furnishing the rooms of the house that you’ll use every day – your bedroom, the living room, the kitchen, and maybe a kid’s room if needed. For the rest of the home, take a pause and wait because your needs, tastes, and desires may change by the time you are ready to use that space.

Save, Save, Save!

Even if you’ve bought a new construction home, unexpected repairs are going to happen. Start a home improvement savings fund or an account for general maintenance so that when the water heater fails, or you decide you want a patio, you’ll have the funds available to save. The last thing you want to do is be caught flat-footed when you need to make an expensive purchase.

Don’t Forget Homeowners Insurance

The vast majority of mortgages require homeowners to have insurance, but the coverage limits are often left to the policy holder’s discretion. If you are in the Connecticut area, it can be tempting to skimp on liability coverage or loss of use to save a few dollars, but that peace of mind will pay dividends if you ever have a major issue. Give Koverage Insurance Group in Enfield, CT a call to learn about how we can help you.

Assessing The Options For Auto Insurance As A Leased Car Driver

Located in Enfield, CT, the Koverage Insurance Group emphasizes customer service and community. We strive to assist our clients while adhering to our ethics and values.

Auto Insurance Options

Koverage Insurance Group acknowledges Connecticut state law that every driver must maintain some type of liability coverage. We sit down with our clients and discuss all of their coverage options so that they can drive comfortably on the road.

What About Drivers Who Lease?

When you lease a car, you must purchase insurance. You will also be required to list the leasing company as an additional insurer. You may be required by the leasing company to purchase collision coverage and comprehensive coverage. Collision coverage would cover the vehicle if you were to be involved in an auto accident. Comprehensive coverage protects the vehicle if it is stolen or is damaged due to a natural disaster.

Another option is Gap Insurance. Gap insurance primarily covers the difference between the value of the vehicle and the remaining amount that is owed on the car. Some leasing companies may require you to purchase gap insurance. The policy often covers new vehicles, so if you are leasing a used vehicle, gap insurance may not be necessary. If you plan to drive the vehicle with your friends and family along for the ride, it may benefit you to inquire about a personal injury protection policy. A personal injury protection policy would cover the medical bills if you and a passenger were involved in an accident.

Koverage Insurance Group Will Work With You

If you are unsure about your options as a leased car driver, consult with the Koverage Insurance Group. Our agents will advise you throughout the process to ensure that you have the right policy. Visit our office in Enfield, CT, or contact our agents by phone to learn more information.

Does Commercial Insurance Protect Employees, Too?

When business owners think of commercial insurance, they often think of the policy that protects their building and equipment. But what about their employees? There’s commercial protection for them, as well. That’s generally in the form of Worker’s Compensation insurance, which is separate from the building and equipment policies. Many business insurance policies also provide coverage for mistakes that employees could make through errors and omissions insurance. The best way to make sure you’re getting the commercial policy that’s right for your Enfield, CT area business is to work with us at Koverage Insurance Group. We’re here to help your business.

Not all businesses need the same type of insurance or the same level of coverage. The person working online from their home may not need any kind of commercial policy at all, while an office or a factory with a lot of employees on-site would need a policy that would protect what the company owns or leases and the people who work there, as well. You don’t want to settle for less than thorough, proper coverage, so you can have the peace of mind that comes with the right insurance policy. As a business owner, you have a lot to think about and keep up with. Insurance shouldn’t have to be part of that.

Reach out to us today at Koverage Insurance Group and let us help you find the right commercial insurance policy to protect your building, equipment, employees, and more. If you’re in the Enfield, CT area, call or stop by so we can start on a review of your current policy or look for one that meets your new company’s needs. No matter how long you’ve been in business and what kind of company you have, there’s a commercial policy that will give you protection and peace of mind for the present and the future.

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.