Category: Insurance

When it comes to natural disasters, one term is sure to strike fear into the hearts of Hailey, ID homeowners: flooding. Anything that causes excess water accumulation can cause this much trouble, from regular storms and hurricanes to heavy rain or snowfall. Let Harrison Insurance and Financials LTD help you learn more.

What Causes Flooding?

The most common cause of flooding is heavy rain or snowfall. During these times of precipitation, water finds its way into buildings or other structures through openings around the outside or inside. As a result, water can accumulate rapidly until the system cannot handle it. Even excess water can cause significant damage, as it splashes against walls, furniture, and other objects. Rain and snow can also cause sudden changes in water levels near a river, lake, or estuary.

How Much Damage Can a Flood Cause?

According to FEMA, even just an inch of flood water can cause a combined loss of over $26,000. This cost increases not only with higher flood waters but the size of your home and the value of your furnishings. Add to this the cost of cleaning and drying out the excess water, and you have a total loss that has the potential to go over $100,000.

Flood Recovery

Having flood insurance is the most crucial step to recovering from a flood. It covers covered losses and helps with rebuilding.

NFIP policies are issued by private insurers and separate U.S. government flood policies. The NFIP provides guidelines for homeowners who qualify. This is done through a licensed agent.

Contact Us Today

You don’t want to be caught in a flood, but you can protect yourself with flood insurance. Contact Harrison Insurance and Financials LTD in Hailey, ID to ensure you’re covered in flood.

Most people know they need insurance, but many don’t know about umbrella policies and the benefits they offer. An umbrella policy is an extra layer of liability insurance that goes above and beyond your standard homeowners or car insurance policies. Harrison Insurance and Financials LTD in Hailey, ID provides this guide in navigating this important coverage.

Here are five reasons you may need an umbrella policy:

1. You Have Assets to Protect

One of the main reasons to purchase an umbrella policy is to protect your assets. If you are sued and found liable for an accident, the damages awarded can quickly eat away at your savings and other assets. An umbrella policy can help provide the financial protection you need in these situations.

2. You Have a Teen Driver

If you have a teenager who is licensed to drive, you may want to consider an umbrella policy. Teens are more likely than any other age group to be involved in an accident. And if they cause an accident, you could be held liable for the damages.

3. You Are a Dog Owner

If you own a dog, you may be at risk of a lawsuit if your pet injures someone. Dog bites are one of the most common types of personal injury claims, and they can be very expensive to settle. An umbrella policy can help cover the costs of a dog bite claim once the limit of the underlying homeowners’ policy has been reached.

4. You Want Peace of Mind

An umbrella policy can give you peace of mind knowing that you have extra protection in place if you are ever sued. It can provide financial protection for damages that exceed the limits of your other insurance policies.

5. You Participate in High-Risk Activities

If you participate in high-risk activities, you could easily be sued if someone is injured or you damage property. For example, if you are an avid golfer, there is always the possibility that your errant tee shot could damage someone’s car.

Give Us A Call

As you have seen, an umbrella policy offers numerous benefits, and Harrison Insurance and Financials LTD in Hailey, ID would be more than happy to help you find the right policy. Call us today to learn more about umbrella policies and how they can help protect you and your assets.

A condo is a good option to break into the housing market or for those who prefer not to do a lot of exterior maintenance. You want to protect your condo from the many perils that are out there waiting to damage your property. At Harrison Insurance and Financials LTD in Hailey, ID, we work with our customers to make sure that they have the right coverage for their condo and their situation. Like most insurance, everyone’s needs are not identical. 

Condos are a little different from a freestanding home. Your association holds the insurance policy for the exterior of the building and the common areas. You are not responsible for insuring them. So, if your roof is damaged, your condo insurance isn’t going to pay for it. If someone slips and falls in the parking lot, your insurance won’t pay for medical bills. 

What Condo Insurance Won’t Cover

Floods

Floods are a danger in many places and they cause thousands of dollars of damage even with as little as an inch of water in your home. Condo insurance will not cover you for flood damage that comes from water from outside your home. If you are worried about flooding, you can purchase a separate policy from the NFIP. 

Owner neglect

It is up to you as the owner to take good care of your condo. If you have a leak and don’t fix it and it causes mold in your home, your insurance won’t pay for it. If you get termites or rodents, the repairs are on you. 

Land movement

Land movement covers a few different perils and none of them is covered. You aren’t covered by earthquakes, sinkholes, mudslides, or landslides. If the earth moves, your insurance won’t cover it. 

Contact Harrison Insurance and Financials LTD in Hailey, ID to discuss what your condo insurance should look like. 

We all aspire to have a happy, healthy life. Most of us work so hard to observe healthy habits, including quality sleep, eating healthy food, and regularly exercising. Unfortunately, we can’t control the aspect of falling ill or injuries. You may even need hospitalization, and the only thing that can bail you out at this time is health insurance. Health insurance comes with many benefits, like cashless treatment and prescription drug coverage. However, people often overlook some incredible benefits of health insurance. We at Harrison Insurance and Financials LTD would like to share some underrated health insurance benefits. 

5 Overlooked Benefits of Health Insurance

Health check-up

These days, accessing health care has become very expensive. One visit to a doctor for a routine check-up can cost thousands of dollars. Health insurance allows you to have a free health check-up at any hospital listed on your insurance.

Attendant allowance

Attendant allowance is quite an exciting benefit. Imagine if your insured child gets admitted, the insurance pays an allowance for the person accompanying the child to the hospital. Remember to talk to your agent to ascertain the amount offered as it’s usually fixed and for a certain number of days.

Alternative treatment

Alternative treatments like yoga and homoeopathy have become vital alternative remedies these days. Many insurance companies are offering or working hard to provide you with these alternative treatments.

Recovery or convalescence benefits

Your health insurance goes beyond hospitalization costs and offers recuperating allowances. Your insurer takes care of your recovery expenses to help you deal with your recovery smoothly.

Domiciliary treatment

Many insurance companies are expanding their policies to offer treatment taken at home. However, they cap the treatment to a certain number of days.

Health insurance in Hailey, ID

Health insurance comes with lots of benefits that some of you know nothing about. Make sure you read and understand what the policy entails and whether it suits your needs before you sign the papers. Ready to purchase health insurance in Hailey, ID? Look no further than Harrison Insurance and Financials LTD. Call us today for an affordable quote.

Buying life insurance can be quite complicated. There are many factors to consider, and, even worse, no two policies are alike. For this reason, you may have no idea where to start. Harrison Insurance and Financials LTD in Hailey, ID offers the following suggestions to help you choose the right insurance for you and your family. 

Tips to Buy the Right Life Insurance

Look at your current financial situation. Are you the one that supports your family? Do you have any debt? How much do you still owe on your mortgage? Any car payments? Credit card debt? Do you have an emergency fund? What about your savings? If your family will be in trouble financially without you, you are going to need to make sure that you have enough life insurance to help them through this time. You may want to get enough to pay for your mortgage and some bills, so that your family doesn’t have to worry as much after you are gone. 

Look at the differences between term and permanent life insurance. When you buy term life insurance, you are only getting coverage for a certain amount of time (such as ten or twenty years). This can help you get insurance until your mortgage is paid off (or something similar). Permanent life insurance is good for life, which is why it is more expensive. This type is also good because it builds cash value over time. 

The best way to make sure that you have enough insurance is to talk to a professional. He or she can help you decide how much you need and help you find an affordable plan. 

If you want to make sure that you have enough life insurance, don’t hesitate to contact us today at Harrison Insurance and Financials LTD in Hailey, ID. 

Car accidents can happen at any time. Unfortunately, they can even occur when you are driving your classic car to or from a show. Car shows can be a great place to share the joys of classic cars, but traveling to a car show could result in damage to your vehicle.

Harrison Insurance and Financials LTD, which serves the drivers of Hailey, ID, knows all too well how to handle classic car accidents. These are some of the steps you can take to ensure your car is protected.

Get to Know Your Classic Car Insurance Policy

The first thing you should do is something you need to pay attention to before you ever even get into an accident. Read through your policy documents to ensure you know your coverage and what will happen if your car does become damaged.

Get a Police Report

Immediately after an accident occurs, you need to call the police to file a report. When you have a classic car, this is important because you have an asset you want to protect. It is helpful to have a professional’s account of the accident and the damage involved.

Contact Your Auto Insurance Company

Next, you should contact your insurance company so that you can discuss the accident. You can tell your company what happened and what kind of damage your classic car has experienced.

Get Classic Car Insurance Today

If you own a classic car in Hailey, ID, Harrison Insurance and Financials LTD can help you find the right insurance for your needs. Contact our insurance agents today to learn more about your needs as a classic car owner.

Nothing screams liability like recreational high jinks. We all like to have fun in our downtime, and an adrenalin rush is often just the thing to remind us that we are alive and well. Harrison Insurance and Financials LTD, serving Hailey, ID, wants you to know more about recreational insurance and liability.

Outdoor activities are often more fun with recreational vehicles and friends. This combination means that you need to make sure that your recreational insurance policy has cover from a liability perspective. Liability is when you are legally responsible for an incident or event that may cause damage to another person or their property. Having adequate liability insurance affords you financial protection when things go wrong.

In Idaho, you must, by law, maintain two types of liability insurance on your vehicles, including off-road and recreational vehicles.

Bodily Injury Liability Insurance

This type of liability insurance helps pay for the other person’s injuries, including medical bills. The minimums are $25 000 per person and $50 000 per accident. The amounts are not that high, and it might be worthwhile purchasing additional liability insurance, referred to as umbrella insurance.

Property Damage Liability Insurance

This insurance is for when you are legally liable for damage to someone else’s property due to an auto incident. Idaho law requires $15 000 coverage to be maintained.

Check the liability sections in your recreational and auto insurance policies and make sure that you and your passengers have cover for any incidents.

Renew and Review

Liability is one of the most crucial aspects of your policy. When you renew your policy, review it in case the upper limits of your liability need to change. Do not take any risks. Speak to the people at Harrison Insurance and Financials LTD serving Hailey, ID today!

Few renters understand the importance and value of renters insurance. Not only is this a misconception, but it’s also risky.

When renting a home or apartment, adding renters insurance is an investment in your safety, security, and peace of mind. 

Located in Hailey, ID, Harrison Insurance and Financials LTD lists four benefits of having a renters insurance policy.

Protects belongings

Protect what’s inside your rental. While your landlord likely has their own policy, it likely covers the building only. Any personal possessions inside, like electronics, furniture, and jewelry, aren’t covered. A renters insurance policy reimburses costs if your property is destroyed, damaged, lost, or stolen. This applies up to your policy limit. Ensure the proper coverage by making a list and prices of your valuables.

Provides liability

If an injury or damage occurs and you are deemed responsible, liability protection has you covered. This is standard in most renters insurance plans. Not only can it help pay any related medical expenses, but it may also extend to any legal fees accrued as a result of the incident.

Covers additional living expenses

If your home becomes inhabitable, you may be forced to relocate. Renters insurance will compensate any costs for this new temporary residence. Often listed as "additional living expenses," this could also include meals and travel associated with this move.

It’s affordable

There isn’t much downside to adding renters insurance. In fact, most policies are much cheaper than traditional homeowners insurance. Actual costs may vary based on coverage needs, types of coverage, and the amount of your deductible. 

Contact an agent serving Hailey, ID

Although it may not be required, having renters insurance is definitely a necessity. With so many benefits, reach out to Harrison Insurance and Financials LTD to get increased protection with a renters insurance policy.

Umbrella insurance is the insurance you get to serve as an umbrella when other insurance policies cap out on a large claim. You might use them when your home insurance or auto insurance is capped out on a major liability.

At Harrison Insurance and Financials LTD, we want Hailey, ID, residents to be covered for every financial liability in life. We can help you to determine if you need umbrella insurance, and help you to design an insurance policy for the needs that umbrella insurance won’t cover.

What Umbrella Insurance Will Cover

Umbrella insurance serves as additional coverage for personal liabilities of any kind. So if you have a slip and fall occur at your home or on any of your properties, you may be sued or forced to submit a large claim on that insurance policy.

When the claim is over your coverage limits, umbrella insurance can kick in to cover those costs and damages.

Umbrella insurance will cover you for some of those damages and liabilities. It can also cover you for defamation and slander, false arrests or imprisonment, and libel.

What Umbrella Insurance Won’t Cover

Umbrella insurance won’t cover damages that can be covered by another insurance policy, or damage that you caused yourself, accidentally or intentionally.

• Property damage
• Damages for which you are at fault. For example, if a slip and fall happened because you purposely tripped someone.
• Business liabilities
• Liabilities you assumed under an existing contract
• War liabilities

Get a Quote

There is no insurance policy that covers everything, but umbrella insurance is great for those liabilities that aren’t yours. At Harrison Insurance and Financials LTD, we want Hailey, ID residents to be covered for every possible liability in life. Call us today for a quote.

Owning a home can be a joy, but it can also come with some risks. One of these is that your property could be flooded. Floods can happen for a variety of reasons, and they can cause serious damage to homes and even destroy them. Every house is at risk of a flood, even if your house is not inside a high-risk area, so it’s important for all homeowners to carry flood insurance. Call us at Harrison Insurance and Financials LTD in Hailey, ID.

Peace of Mind

Though floods can do a lot of damage, it’s also uncomfortable to live with the fear that you could have a flood someday and are not prepared for it monetarily. Most home insurance policies exclude certain types of flooding, so you could be left with no means to repair the damage or to rebuild after a flood. It’s vital that you have this insurance to give yourself peace of mind as well as to protect your biggest asset if the worst should happen. Depending on your lender, there may be a requirement that you get this insurance coverage for your home. 

Government-Backed Home Loans

Many mortgages are backed by the government, and all of these mortgages that are for homes in high-risk flood areas require you to have flood insurance. Even if you are not inside the high-risk zone, it’s always a good idea to have this coverage just in case the worst should happen. Floods can happen on a wide range of terrains and in both urban and rural locations. 

Cover Your Home Against Floods

Your house is often your largest investment, so don’t leave it without all of the protection it needs. With a flood insurance policy, you can have the funds you will need to repair your home after a flood or to rebuild it. If you need flood coverage, call us today at Harrison Insurance and Financials LTD in Hailey, ID.