What’s At Risk With Liability Only Insurance?

Posted on January 14, 2019January 12, 2019 by agentinsure

When shopping for car insurance you might be tempted to go for the cheapest, bare minimum coverage in an effort to save money. However, there are several factors you should consider when you are shopping for car insurance, and the bottom line cheapest price may not be the wisest investment in the long run. Here are a few things you should consider when comparing liability vs full coverage insurance.

What is Liability Only?

Liability only insurance means that the insurance policy will only cover damage that you are liable for in an accident. This means damage that you caused to another car or injury that you caused to another driver. This type of insurance does not cover any damage which might happen to your own car. This can put the investment you have made in your vehicle at risk. In the event of an accident that is your fault, you will be required to pay for any damages out of pocket. This can put you at financial risk.

What About Other Damage?

It is also important to note that there are other types of damage besides damage suffered during an accident. Damage from events such as storms, hail, flooding, debris can cause a huge cost to you as the vehicle owner. If your vehicle has only liability insurance, then when these types of damage occur you will be required to pay for repairs out of your pocket. This can also put you at financial risk and put your investment in your vehicle at risk as well.

When Is Liability Only a Good Idea?

In some instances, liability only insurance might be a good idea. In cases in which the vehicle is not worth very much money, a vehicle owner may not wish to cover the vehicle with full coverage insurance.

If you would like to learn more about the different types of insurance available for your vehicle contact Oliver Insurance in Canby, OR today.

When You Should Have Flood Insurance On Your Property

Posted on December 31, 2018December 28, 2018 by agentinsure

Your home is a very valuable asset that you need to make sure is properly covered by insurance. One type of insurance that you may need to have on your home is flood insurance. There are several situations in which you may need to have flood insurance on your home to ensure your Canby, OR area property is properly protected and covered by insurance.

Required by Mortgage Lender

Depending on where you live and the type of mortgage that you have, flood insurance could be a requirement of your mortgage lender. FEMA manages an active flood zone map that designates which areas of the country are at higher levels of risk for flood. If your home is located in a higher-risk flood zone, your mortgage lender may require that you carry flood insurance on top of your home insurance policy.

If you have a loan that is provided by FHA, you will likely have to escrow these payments each month. Your lender will also continue to monitor the FEMA map. This means your flood insurance needs and costs could change over time.

When You are at Risk

Most people that have flood insurance policies on their homes are required to do so by the mortgage lender. However, even if you are not required to do so, you should still consider the flood risk. If you live in an area that is prone to flooding or is located near a body of water, you may want to have flood insurance in place. It is important to understand whether a flood is covered by your base insurance policy and whether the risk in your area makes it worth investing in flood insurance.

If you own a property in the Canby, OR area and would like to learn more about flood insurance, you should meet with the team at Oliver Insurance. The Oliver Insurance agency will help you better understand your flood insurance requirements and needs to ensure your home is properly protected.

Do You need More than the Minimum Motorcycle Insurance?

Posted on December 28, 2018December 28, 2018 by agentinsure

Did you just buy your first motorcycle in the Canby, OR area? Before you hit the road, the folks at Oliver Insurance want to make sure you have the protection and knowledge needed for a summer road trip with no worries.

What Type of Insurance does Oregon Require You to Carry?

The Oregon DMV requires you to carry a minimum of liability and uninsured motorist insurance. This means that if you cause an accident on your bicycle, the medical payments and property repairs for the other vehicle are covered. Also, if you are damaged by somebody without insurance, you can recover. It does nothing to take care of your medical bills if you are found at fault.

Get Your Bike Fixed with Collision and Comprehensive

You can add extra coverage to your policy that will make sure you can get back on the road, no matter who caused the damage. It also reduces the amount of cash you have to pay upfront in order to get the garage to repair your ride. When you add comprehensive or collision to your motorcycle insurance, you are able to move on with life while your insurance takes care of the details.

A Rider Education Course can Save Your Life and a Little Money

Before you can hit the road, you will be required to take an approved motorcycle skills course from Team Oregon. If you opt for the intermediate course, you may see added savings or discounts on your insurance policy. Even though it might seem like another obstacle to getting a bike, these courses have proven to save lives for riders and other people on the road.

If you would like to learn more about the options available for motorcycle insurance in the Canby, OR area, give our friendly agents at Oliver Insurance a call today.

Four Expenses Included in a Boat Insurance Policy

Posted on November 19, 2018November 2, 2018 by agentinsure

The state of Oregon does not require boat insurance. However, they do highly recommend it, so Oliver Insurance in Canby, OR wants to help you receive the right coverage for your vessel.

Your insurance needs depend on the type of boat you own, whether or not you use it just for recreation or for business, or if you live in it full time versus just sleep in it when on vacation. Other factors such as age, size or condition might determine your boat insurance needs. Boat policies often cover these four expenses:

1. Vessel damage — If either your boat or someone else’s became damaged or inoperable, this expense might be paid for by some policies.

2. Property destruction — If marina property needs repair after an accident, this is another expense you may not have to worry about if you have the right policy. It can prevent anxiety that comes with this unexpected expense.

3. Bodily injury — Your insurance coverage for your vessel might pay for any expenses related to treating injuries resulting from a collision or other incident occurring while operating your boat if you are liable.

4. Theft or vandalism — Typically a part of a comprehensive policy, this can give you peace of mind in one of these unfortunate scenarios that might result in loss and damages occurring other than from an accident. Having this expense paid for can help you avoid long stretches of time out of the water where you perhaps would rather be.

We Can Answer All Your Insurance Questions

We don’t want you to anticipate a vacation where you may want to fish, water ski or relax only to find out your policy is not enough. We will answer all your insurance questions not only about your boat but also your car, home, life and more.

What kind of accidents doesn’t umbrella insurance cover?

Posted on November 12, 2018November 2, 2018 by agentinsure

As wide-ranging and inclusive as umbrella insurance is, it does have exclusions. There’s some items you can’t cover with it and some types of damages for which it does not pay. At Oliver Insurance of Canby, OR, we want you to understand your insurance’s potential, so we put together this guide.

Vehicles Not Covered

While damages to exotic vehicles like jet skis or private planes usually get covered under an umbrella policy, these types of policies don’t generally cover liability damages involved in accidents on these. The liability coverage does normally extend to golf carts and snowmobiles.

Damages Not Covered

Cases exist when umbrella insurance doesn’t cover damages. These include when the insured intended or expected the damage. When your own property incurs damage, that’s not usually covered. Check your homeowner’s policy though because it may.

Situations Not Covered

Certain aspects of business activities don’t fall under umbrella coverage. If you run a home-based business, some things aren’t automatically covered. These require a rider.

Delivery drivers hurt on your property while delivering business materials don’t come under this policy unless you add a rider to it.

Occasional service staff like landscapers should carry their own liability coverage. Request to see proof of their insurance before hiring them.

You’ll need to add a rider to cover full-time domestic employees. Your maid or nanny probably does not carry their own liability insurance. Your umbrella policy doesn’t automatically cover them.

These types of policies do normally cover occasional or part-time domestic workers employed by you for less than 35 hours per week. That means the once a week babysitter or maid service falls under this coverage.

Come by Oliver Insurance of Canby, OR to discuss your umbrella insurance needs. We can help you craft a policy that works for you.

What Type of Life Insurance Is Best?

Posted on October 31, 2018October 29, 2018 by agentinsure

Life insurance can be confusing. If you live in Canby, OR or in one of the nearby communities, you can call the agents of Oliver Insurance to get the answers you need to all of your life insurance questions. They take the confusion out of the process so that you know which type of life insurance will offer you the most benefits.

Whole Life

Whole life is a long-term policy that will remain in place for as long as the insured is alive. If all of the premiums are paid on time and the policy is in good standing when the insured passes away, their beneficiary will receive the proceeds. The money can be used for any type of expense or to cover the cost of the insured person’s funeral. Whole life is more of a straight policy that remains in place throughout the person’s lifetime.

Term Life

Term life offers similar benefits but it has a maturity date after which the policy can be cashed in and the proceeds drawn from the account. A term life policy can be written for 10-years, 15-years, 20-years, or for however long the insured wants it to be as long as they meet the age requirements. For example, a 70-year old man may not qualify for a 20-year term policy but may be able to qualify for a 10-year policy.

If you are ready to purchase your life insurance policy and live in the Canby, OR area, call the licensed agents at Oliver Insurance. They will discuss what options are available to you and answer any questions you may have. Call and schedule your appointment today to get the insurance you want!

What Types Of Commercial Insurance Should I Buy?

Posted on October 29, 2018October 29, 2018 by agentinsure

It is very important for a business to acquire a commercial insurance to be assured of stability. Commercial insurances vary from state to state, where you will find that names used for individual covers are not the same. For instance, one company may name a coverage as machine insurance, while the other may refer to it as equipment breakdown coverage. For residents of Canby, OR, visit Oliver Insurance to get a commercial policy and we will help you clarify the type you should buy. Below is a list of some of the major covers offered;

Commercial property insurance

This type of insurance will help protect your company’s physical assets such as the furniture, inventory and building. It is important to note that commercial property insurance is very important and the following three aspects should be observed when acquiring one;
•   Failure to shop around could be costly. Doing a little homework is good if you are to get a good quote. Hire a broker who fully understands the insurance industry and you will be sure to land a great deal.
•   Be sure about the specifics. Do not assume that the insurance covers everything in your business. You will be surprised to find that some of the property was not included in the plan. It is therefore good to confirm that everything is covered.
•   The expense of having it. If you acquire a commercial policy that is too expensive, you will find it difficult to pay the monthly payments. Choose a policy that is easily affordable.

Commercial auto insurance

This policy protects your business and employees from accidents related to vehicles. If a worker is injured when operating a company vehicle, they will be catered for adequately. Also, any company property damaged in the process will be covered.

Cyber liability insurance

Most companies nowadays have advanced technology and are using computers to carry out their everyday operations. Computers are susceptible to breaching and data corruption. In such a scenario, the cyber liability insurance will cover the costs incurred when recovering the data. If you are a resident of Canby, OR visit Oliver Insurance to get a commercial insurance that suits your business.

How Can a Dog’s Breed Affect Your Homeowners Insurance?

Posted on September 30, 2018October 1, 2018 by agentinsure

You are probably aware of the common factors which may affect your homeowners insurance. They include; location, the condition of your fixtures, and your history of claims. However, what you do not know is that your dog’s breed may also affect your insurance. If you work with a reputable Canby, OR insurance agency such as Oliver Insurance, you may get advice on what you can do to get insurance with your dog.

Dog Breeds That May Affect Your Insurance

Some insurance providers blacklist breeds of dogs that may be considered aggressive. They include; Pit bulls, Chows-chows, Wolf hybrids, Presa Canarios, German Shepherds, Rottweilers, and Akitas. It is important to note that different insurance companies have different policies. Just because one insurance provider blacklists certain breeds does not mean you can’t find a provider that doesn’t. Most insurance companies do not offer homeowners insurance if a dog has a history of attacking other people.

If your dog’s breed is not insurance-friendly, you can do the following to get the right homeowners insurance.

Be honest from the beginning. Reveal the truthful breed of your dog and whether or not it has attacked people in the past.
Consider getting a standalone policy instead of including your do in your homeowner’s insurance. You should, however, always ensure that your dog is insured. Claims from dog bites can be expensive
Train and socialize your dog from a young age. Do not leave it unsupervised or it may bite other people
Ask if your insurance provider may insure your dog after an obedience class. They may be willing to reduce your premium rates.
If you do not get insurance from one provider, do not give up. Shop around until you find a provider that can accommodate your needs.

Contact Oliver insurance for your homeowner’s insurance needs in Canby, OR.

When Should You File an Auto Insurance Claim

Posted on September 28, 2018September 28, 2018 by agentinsure

Purchasing a car is a great milestone in one’s life. However, driving comes with its share of risks. Sometimes, even the most experienced motorists are usually involved in road accidents. This is the primary reason why the law requires every driver to carry some basic form of insurance to ensure that you are protected in the event of an accident. An auto insurance policy from Oliver Insurance protects you from significant financial losses that you may incur if you are involved in a crash in Canby, OR or elsewhere. However, most drivers don’t know when to claim and not claim their auto insurance.

When Should You Claim Your Auto Insurance?

Typically, you should file a car insurance claim when something significant happens. For instance, you always inform your insurance provider when other drivers are involved in the accident. Settling the matter with the other driver without the help of your provider is risky. After all, you can’t tell who you are dealing with. You can pay for repairs and months later; the same person will resurface saying that you didn’t pay him/her. Keep in mind that your liability coverage is there to protect you from expensive lawsuits and your insurance provider is experienced with handling various parties involved in an accident.

You should also file a claim when you cause severe injuries to other people or someone else’s property. Since it is difficult to tell whether the injuries occurred as a result of the accident, it is good to inform your insurance provider who will know what to do. Remember the fact that some symptoms may delay to show up and might show up at the scene of the accident even if they aren’t as a result of injuries sustained during the crash. You don’t want to cater to another person’s medical bills when it isn’t your fault.

Contact your insurance provider in Canby, OR when you notice significant car damage on your vehicle. Apart from what you are seeing, your vehicle might also have some other hidden damage. Your collision coverage will cater for repairs of any damage to your car.

Contact Oliver Insurance today for a customer-friendly auto insurance policy.

Why Every High Net Worth Individual Should Have a Personal Umbrella Insurance Policy

Posted on August 20, 2018August 1, 2018 by agentinsure

At Oliver Insurance we understand how hard our Canby, OR area clients work, and we are here to help you to protect your assets. If you are a high net worth individual, it is important to protect all of your hard work and shield yourself from damaging litigation. While your primary insurance policies can offer initial protection, what happens if damages exceed your amount of coverage? That’s where personal umbrella policies come into play, and we encourage our clients to add such a policy to their insurance portfolio.

The Types of Protection Provided by Personal Umbrella Policies

If someone is injured at your home or as a result of perceived neglect on your part, you can be compelled by the courts to pay damages. While most primary policies will cover such events, there are typically limits on each policy. To compensate for these limits, many people opt to also have an umbrella policy that will kick in once the primary policy is depleted. These policies can make the difference between protection and using your own personal assets to satisfy a claim against you. High net worth individuals can also become popular targets of such lawsuits due to their success and level of personal net worth. Do not let a frivolous lawsuit erase your years of hard work!

Contact Us Today to Learn More About How An Umbrellas Policy Can Help to Protect Your Assets

Don’t let all of your hard work be negatively affected by litigation damages, it is important to protect yourself! Adding a personal umbrella policy to your current insurance portfolio is an effective way to protect yourself. Contact Oliver Insurance today to schedule a consultation, or stop by our Canby, OR office to learn more.

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Author: agentinsure