Category: Home Insurance

As a homeowner in the Canby, OR area, it is vital that you understand the importance of flood insurance. Below we have put together five of the most important facts to know about flood insurance.

You do not need to live directly near a water source to be affected by flooding.

Flooding does not always come from a river overflowing. It can be caused by various sources including melting snow, drainage backups, storms or even a levy failing. Just because you do not live in direct proximity to a water source does not mean you are not at risk. If you are unsure if you need flood insurance, reach out to an agent at Oliver insurance to discuss further.

There is a good chance your homeowners’ policy does not cover flooding.

Many homeowners assume that their home insurance policy automatically provides a basic flood coverage. However, the fact is almost no homeowners policy automatically provides coverage. If you are unsure if you have coverage for flooding you should call your agent right away.

Your home is much more likely to be damaged by a flood than any other natural disaster including tornadoes, fires, and earthquakes.

Typically it will take 30 days from the time you purchase the coverage to when your home is covered. Do not wait until it is too late, make sure your home is covered today.

Flood insurance is affordable.

Many people assume flood insurance is too expensive. However, this is not the case; there are many different affordable options available in the market place.

If you have questions about your current flood protection reach out to an agent at Oliver Insurance today, we proudly serve the Canby, OR area.

 

If you own a motorcycle, you will need to carry motorcycle insurance in order to register the bike. But one of the questions that we at Oliver Insurance are asked is whether the insurance covers the bike itself or whether the policy is specific to the rider of the bike. If you have this question, here is some information you should know about this topic.

Which Drivers the Policy Covers

As a general rule of thumb, your motorcycle insurance will only cover drivers listed on the policy documents. This means that you cannot lend your bike to someone who does not have their own motorcycle insurance, or they will not be covered if they wreck your bike. If you plan on sharing the bike with anyone or letting someone else routinely drive it, you may wish to add their name to the policy as a covered driver.

If Passengers are Covered

If you have a passenger on your motorcycle, they are always covered as long as you are the driver or someone else who is covered under your policy is the driver. If someone else drives your motorcycle and has a passenger, that passenger most likely will not be covered. As such, you should only allow passengers on your bike when you or another covered driver are doing the driving.

Keep in mind that laws and coverage limitations vary from state to state. This information covers the greater Canby, OR area. If you are not in this area, you will want to look up the laws for the city, county and state you reside in.

If you have just purchased a motorcycle, or are getting ready to, you may be in the market for motorcycle insurance. Oliver Insurance, serving the greater Canby, OR area, can help you get the insurance you need. Contact us today for a free quote.

If you own a motorcycle, you will need to carry motorcycle insurance in order to register the bike. But one of the questions that we at Oliver Insurance are asked is whether the insurance covers the bike itself or whether the policy is specific to the rider of the bike. If you have this question, here is some information you should know about this topic.

Which Drivers the Policy Covers

As a general rule of thumb, your motorcycle insurance will only cover drivers listed on the policy documents. This means that you cannot lend your bike to someone who does not have their own motorcycle insurance, or they will not be covered if they wreck your bike. If you plan on sharing the bike with anyone or letting someone else routinely drive it, you may wish to add their name to the policy as a covered driver.

If Passengers are Covered

If you have a passenger on your motorcycle, they are always covered as long as you are the driver or someone else who is covered under your policy is the driver. If someone else drives your motorcycle and has a passenger, that passenger most likely will not be covered. As such, you should only allow passengers on your bike when you or another covered driver are doing the driving.

Keep in mind that laws and coverage limitations vary from state to state. This information covers the greater Canby, OR area. If you are not in this area, you will want to look up the laws for the city, county and state you reside in.

If you have just purchased a motorcycle, or are getting ready to, you may be in the market for motorcycle insurance. Oliver Insurance, serving the greater Canby, OR area, can help you get the insurance you need. Contact us today for a free quote.

Owning a boat is a great way to get outside and enjoy the great outdoors. Whether you are a pontoon fan or want a bit more horsepower propelling you through the water, nearly every kind of boat is fun in the sun. However, you may want to protect your vehicle investment with boat insurance. Knowing regulations and whether boat insurance is required is a must for you as a boat owner. At Oliver Insurance, we are here to help you determine whether you need boat insurance in and around Canby, OR or not. 

Is Boat Insurance Required?

The short answer to this is no, boat insurance is not required by law in the state of Oregon. It is recommended, but you don’t need to have it. You do need to have a title for the boat and register it with the state, which is similar to what you’d need with a vehicle, but unlike owning a car, boat insurance is not mandatory. 

Why You Need Boat Insurance

While not required, boat insurance is recommended as it protects your boat both in the water and out. You might not consider too many potential problems while in the water with your boat, but what happens if you are in an accident driving to the lake? Car insurance does not cover damage to your boat. Only boat insurance is able to provide this kind of coverage. So keep this in mind. 

Protecting your boat investment is important. No matter the kind of boat you own, whether you plan on staying around Canby, OR or you want to go somewhere completely different with the boat, it is always recommended to safeguard your purchase with boat insurance. Wherever you decide to go, we at Oliver Insurance want to keep you protected. 

Perhaps you’ve heard umbrella policies discussed in a business setting, but these catch-all policies provide great protection for individuals, too.  An umbrella policy protects you in the case of litigation. Umbrella insurance covers liability or damage exceeding the coverage of standard homeowners, auto, boat, or other insurance policy. It protects your non-business activities worldwide. An umbrella policy protects you and your assets should you be found at fault for an accident. It carries minimal annual premiums for priceless peace of mind.

Umbrella Benefits

If you are sued, an umbrella policy kicks in after you exhaust your standard homeowner’s, renter’s, condo or car insurance’s liability coverage. It pays any judgement made against you and your attorney fees. It also covers you for things like libel and slander. You can add covered items to a policy such as having the policy pay you if your court appearances result in lost wages. An umbrella policy can protect your dependent children when they are found at fault in a car or boat accident.

Costs

Of course, premiums vary by coverage and insurer, but you can generally expect to pay between $150 to $300 annually for a $1 million policy. You’ll pay between $50 to $75 for additional coverage per million dollars. You’ll also need to purchase a specific level of liability coverage for your boat or auto before the insurer will issue an umbrella policy. This varies by insurer.

Come by Oliver Insurance of Canby, OR to review your liability insurance needs. We can help you determine if you need additional coverage on a liability policy or the additional protection of an umbrella insurance policy. Either way, Oliver Insurance has got you covered.

When it comes to life insurance there are tons of elements that you need to work out. One such consideration is who you are going to name as the beneficiary of the policy. For those that live in the Canby, OR area, the agents with Oliver Insurance can help you make the decision.

For starters, it is helpful to know just what a beneficiary is. A beneficiary is the person that benefits from the policy in the event of your death. This means, the person that is going to be able to cash in the policy if you pass away. For the most part, as long as you have signed and officiated the documents, anyone can be named as the beneficiary on an insurance policy.

In most cases, parents tends to name either their children or the caretakers that will be given custody of their children in the event of their death. They may also name spouses, parents, brothers and sisters, aunts and uncles, you can even name your best friend as a beneficiary. If you feel as if the beneficiary status of the person you named may be questioned, you can always get the document notarized so that there is no issue.

For those that want to know how to name a beneficiary, you first need information like legal name, social security number, and address. These are all used to verify identity and to send paperwork to when the policy is being cashed out. If you are having trouble figuring out how to name someone as your beneficiary, you may want to contact an insurance agent to help answer your questions. For those that live in the Canby, OR area, the agents with Oliver Insurance are here to help and can answer all your questions.  

When most Canby, OR business owners think about insuring their business, they envision the tangible things that insurance covers, such as the structural elements of the building itself or interior water damage brought on my major storms. They may even think about the equipment used to run the business, and how adequate insurance coverage can help replace damaged equipment. Few business owners consider, however, the loss of income that takes place while a business is shut down after a serious weather event or other types of damage. Business interruption insurance is a type of specialized coverage that can help make up for lost income after a storm or natural disaster. The team at Oliver Insurance would like to cover some basics pertaining to this important coverage option. 

Depending on the type and extent of damage, your business could be out of operation for a considerable length of time. It takes time for the necessary inspections to take place, and to obtain quotes for construction or other services. Then there is the downtime necessary while the work is actually being done. It is also important to consider that after a large-scale weather event, your business will not be the only one in need of repair, and local contractors may be overwhelmed with work. That can lengthen the amount of time needed to get you back up and running. 

Business interruption insurance can be an operational lifesaver when it comes to an unexpected interruption of business activities. Having this coverage can allow business owners to continue to meet payroll and overhead costs while the Canby, OR business pauses for repair work. For more information, or to receive a customized quote, contact the team at Oliver Insurance to discuss the available options. 

 

When you live in Canby, OR, it’s important to know what is and is not covered on your home insurance policy. If your AC breaks, it could cost several thousands of dollars to repair. The easiest solution is to file a claim with the insurance company, but will it be covered?

What Your Home Insurance Covers

Your home insurance is going to cover very specific things. This includes:

• Dwelling
• Personal belongings
• Liability

Your home insurance policy is not going to cover your air-conditioning because it falls under an appliance. At Oliver Insurance, we are committed to helping you find the best home insurance policy for you, your home, and your budget.

If you are concerned about getting coverage for your air-conditioning, your plumbing, and various other components that might not be covered by your home insurance policy, it’s a good idea to have a home warranty policy.

When AC Would Be Covered

Although the standard reasons for AC breaking won’t be covered by your home insurance policy, there are some scenarios where it would be covered. This would involve damage to your home as a result of an act of nature or something else.

Your policy will provide protection in Canby, OR for fire, theft, vandalism, and more. This means that if your home suffers a fire and your air-conditioning unit is part of that fire, you could file a claim and have the HVAC unit replaced.

There are a lot of possibilities that exist when it comes to finding the right home insurance policy. Call and speak to one of our professional insurance agents at Oliver Insurance today. We will take the time to help you build a policy that works for you and your budget so that you have financial protection in place against a variety of potential scenarios.

 

 

Insurance policies are often looked at as protection against the unexpected. However, there are steps one can take to protect your home against the most common claims made under policies. Below we reveal the most common claims and steps you can take to help reduce the likelihood.

Exterior Wind damage makes up about 25% of all claims. Powerful wind can damage weaker structures including windows and doors. Also, strong winds can pick up debris and cause damage to your roof and siding. To protect against damage, you should have your roof inspected and repair any damage. A roof that is damaged is much more likely to be damaged further by strong winds.

Nonweather related damage is the second most common claim made under policies. Typically nonweather-related damages include damage from pipes bursting, plumbing and appliance related claims. Winters in Canby, OR can be cold, and you should insulate your pipes to protect them from freezing. As part of prepping your home for winter, you should also turn off the water supply to outdoor hose bibs.

Hail storms are short-lived but can cause a great amount of destruction. If you live in an area prone to hail you should consider installing impact-resistant roofing material, this can reduce damage from hail by about 40%.

Weather related water damage such as flooding can cause serious damage to your home. You should make sure water is being drained away from the foundation. Also, you want to make sure you have flood insurance as it is not always included in policies, feel free to check with your agent at Oliver Insurance.

If you want to learn more about ways to protect your home, please reach out to Oliver Insurance. We proudly serve the Canby, OR area.