Author: agentinsure

Sometimes your current homeowner’s or auto policy isn’t enough to protect you from liability. That’s when you need an umbrella policy from Oliver Insurance in Canby, OR. An umbrella policy provides extra liability coverage above, and beyond your current policy, so you can sleep soundly knowing you’re covered.

Here are three reasons you should consider an umbrella policy:

Extra Protection in the Event of a Lawsuit

If you’re sued for damages exceeding your current policy’s limits, an umbrella policy can help cover the costs. For example, if you’re liable for a car accident that caused severe injuries, an umbrella policy could help cover the cost of the victim’s medical bills, lost wages, and more.

Expanded Coverage for Certain Types of Incidents

Umbrella policies can also provide coverage for specific incidents that your current policy may not cover. For example, an umbrella policy could help cover the cost of your legal defense if you’re accused of libel or slander. You may pay these costs out of pocket without an umbrella policy. They could force you to sell your assets to pay the bill if you don’t have the money to cover these costs.

Protection From Unusual Risks

Some risks, like owning a swimming pool or trampoline, are more likely to lead to a lawsuit. If you have one of these risk factors, an umbrella policy can help protect you.

These benefits provide peace of mind in knowing that you and your assets are protected.

If you’re interested in getting an umbrella policy, call Oliver Insurance today for a free quote. We’ll be happy to help you find the coverage you need to protect yourself and your family.

As a business owner, you know that protecting your company is one of your top priorities. But with so many different business insurance policies available, it can be challenging to know which one is right for your business. Here are a few things to consider when choosing a business insurance policy.

1. The Size and Scope of Your Business

The size and scope of your business will significantly impact the type of business insurance policy you need. If you have a small business, you may only need a basic policy that covers liability and property damage. However, if you have a larger company, you will need a more comprehensive policy that covers a wider range of risks.

2. The Type of Business You Have

Each type of business has unique risks, so you will need a policy specifically designed to cover them. For example, if you have a manufacturing business, you will need a policy that covers liability for product defects. If you have a service-based business, you will need a policy that covers error and omissions risks.

3. The Location of Your Business

The location of your business will also impact the type of business insurance policy you need in several ways. First, different states have different laws regarding business insurance. Second, if your business is located in a high-risk area, such as a flood zone or an area with high crime rates, you will need a policy that covers the same.

4. Your Risk Tolerance

While all businesses need some insurance coverage, your risk tolerance will impact the coverage you need. If you are a risk-averse business owner, you may want to purchase a policy with higher coverage limits. On the other hand, if you are willing to take on more risk, you may get by with a policy with lower limits.

As you can see, there are a lot of factors to consider when choosing a business insurance policy. Oliver Insurance can help you find the right policy for your business in Canby, OR. We will work with you to understand your unique risks and needs and find a policy that fits your budget. Contact us today to get started.

Are you a pet owner? Doesn’t your furry friend deserve the best possible care you can give them? Let Oliver Insurance of Canby, OR explain how pet insurance can help defray your pet’s medical treatment cost.

All pet owners should consider insurance for their friend’s medical care. You may believe you have enough money to cover costs if your pet gets injured or sick. If you have multiple dogs or cats, the out-of-pocket expenses add up quickly without insurance.

This insurance policy will cover emergency care, surgery, prescriptions, or cancer treatment. Pet insurance will cover the cost of medicines prescribed by the vet to treat an illness or accident, such as drugs, tablets, or bandages. However, it is unlikely to cover medication that is part of routine treatment, such as deworming tablets.

Also, pet insurance does not cover routine vaccinations, spaying, and neutering. But if your pets’ vaccinations are all up to date, it could result in lower premiums.

Putting money in a savings account and purchasing pet medical insurance is a way to give your dogs and cats the best chance at a happy, healthy life. The savings can be used for wellness care and insurance deductibles. Pet insurance is just like human health insurance. It reimburses you for the costs of treating unexpected illnesses or injuries. But unlike human health insurance, the benefits can be used for any pet clinic.

The maximum limit annually for most pet insurance providers is $10,000. Some will go higher. If you decide to get pet insurance, purchase it when your pet is young and healthy, as most policies will not cover pre-existing conditions.

If you have decided that your pet deserves the best medical care, contact the pet insurance professionals at Oliver Insurance in Canby, OR. You and your best friend will be glad you did.

If you’ve got a motorcycle that’s ten years or older, you should consider purchasing comprehensive and collision coverage for it. An older bike has higher chances of causing accidents. There’s also a greater probability of paying a large deductible to repair or replace your bike. For advice in Canby, OR, check with Oliver Insurance. 

Collision and Comprehensive for Older Motorcycle 

To maximize your coverage, purchase collision and comprehensive coverage from the same carrier (or close to it). The closer the two policies are to one another, the more likely you will receive total replacement value if your bike is damaged in an accident. 

In most cases, providing both types of coverage is unnecessary. Collision insurance will cover your bike if it’s in a crash, but comprehensive coverage will protect it if it’s stolen or damaged. It’s up to you whether you believe the value of the peace of mind from having the right amount of insurance outweighs the cost. 

Older bikes have a higher risk of being involved in an accident, be it from a mechanical malfunction or another driver not seeing you on the road. There are more likely to be worth less or stolen. You should purchase comprehensive and collision coverage for your bike and your protection. 

The cost of collision and comprehensive coverage for an older motorcycle is typically higher than that of a newer model. The reason is that the cost to repair or replace a damaged motorcycle is greater as the vehicle ages. Insurers also consider the value of an older motorcycle. If a vehicle costs $2,000, it may not be worth insuring for collision and comprehensive damage. 

Final Words 

Comprehensive coverage protects your bike from liability claims, such as when a customer falls and sues your bike shop. These policies are strongly recommended for all motorcycles but essential for older bikes. That’s why getting collision and comprehensive coverage on your older bike is so important. For questions in Canby, OR, reach out to Oliver Insurance.

A preferred risk policy is a type of insurance that gives you higher coverage limits than a standard policy, with the caveat that the coverage may be less comprehensive. 

Preferred risk policies provide higher coverage limits, such as $250,000, but they don’t have the same level of coverage as a traditional policy. For inquiries in Canby, OR, seek advice from Oliver Insurance.

Preferred Risk Versus Regular Policy 

Preferred risk policies are designed to offer more generous coverage at a lower cost than a standard policy. They are usually purchased by a government agency, educational institution, hospital, or large employer. 

Regular policies are purchased by individuals and cover normal risks. Preferred policies come in two flavors: the whole of corporate or split between corporate and personal liability. When purchasing a preferred policy, ensure the provider is licensed to sell this coverage. 

Preferred risk policies are typically more expensive than standard policies. However, if you fall into a preferred risk category, such as being a high-risk driver, you may be eligible for a lower premium Preferred rate. Preferred risk policies typically have a shorter policy term and a maximum limit on how much coverage you can receive. 

Preferred risk policies typically have a waiting period before you can buy another one. Preferred risk policies typically have narrower coverage types and limits on what you can claim. Preferred risk policies typically have a shorter policy term. 

Standard insurance policies protect you in the event of a wide range of risks. They often cover items with a lower value, such as automobiles. Preferred and regular insurance policies are available from most insurance companies. 

Summary 

Preferred policies have shorter periods. Hence, they’ve higher interests than preferred policies. Regular protects you in case of a wide range of risks. It often covers items with a lower value, such as automobiles. For questions, consult Oliver Insurance, a firm serving in Canby, OR.

We all know the need to have liability insurance, especially today. Most people have liability coverage in their home, auto, business, or boat insurance. However, these liability coverage limits may not be sufficient to cover costly claims or specific injuries, which may jeopardize your finances. The good news is that there is a solution to this predicament. Umbrella insurance is the real deal. This liability coverage kicks in after depleting your other liability limit. If you buy umbrella insurance from Oliver Insurance, you will benefit in the following ways.

Assets protection

Asset protection is probably the main reason you need umbrella insurance. Individuals and businesses are vulnerable to lawsuits that could cost thousands of dollars. Luckily, purchasing umbrella insurance ensures your assets are safe by paying all the claims.

Additional coverage

Besides kicking in when your other liability coverage depletes, umbrella insurance covers incidences your other policies won’t provide, for example, defamation, wrongful arrest, slander, or libel.

It’s affordable

Umbrella insurance is significantly cheap. You will be amazed at how reasonable the premium is when you receive a quote from your trusted agent. The umbrella insurance comes in when your other liability policies deplete, making it cheap.

Offers peace of mind

The additional coverage offered by umbrella insurance instills the peace of mind we all want in life. That means you are ready to deal with any uncertainty that may come your way, especially from a financial point of view.

Umbrella insurance in Canby, OR 

Don’t allow yourself to live on the edge worrying about the safety of your assets. Umbrella insurance makes sure your assets and your future earnings are safe. Remember, lawsuits can happen to anyone. If you are in Canby, OR, and its environs and are ready to purchase umbrella insurance, please contact Oliver Insurance.

Like many other types of insurance, life insurance is not something that is one and done. It needs to be reviewed at certain points in your life to ensure it provides the amount of protection you need in the next few years. At Oliver Insurance in Canby, OR, our insurance experts have years of experience providing our customers with the personalized service they expect from an independent insurance agency. 

Certain life events trigger the need to review your life insurance. 

Changing employers

This may happen many times over a lifetime, so it is best to be prepared to do it. You may have life insurance as part of a benefits package. Employer-provided life insurance should never be your only life insurance, it should be supplemental. 

Getting married

When you add another person to your life, you need to look at your life insurance coverage to determine whether it is now adequate to provide the protection you require. You also need to change the beneficiary on any policies that you currently have. 

Buying a home

Owning a home comes with many new obligations, including paying off a mortgage if anything should happen to you. You don’t want to leave your loved ones holding the bag because of your decision. Talk to your independent insurance agent about ways to keep your family safe. 

Having children

Children add the most need to your future plans. If you passed away tomorrow, how would your spouse manage, and would your children be able to stay in their current home and enjoy their current lifestyle even though you are no longer with them? You need to consider how long you need to provide support. 

Contact Oliver Insurance in Canby, OR when it is time to review your life insurance.