What Are The Benefits Of Having Umbrella Insurance For A Rental Company?

Most business owners know that they need a certain type of insurance in place to protect them from liability and losses. In some cases, however, the insurance policy isn’t enough to protect from liability exceeding the limits of the policy. For businesses dealing with the safety of their customers, umbrella insurance protection can be the best choice to prevent disaster. 

Umbrella Insurance Coverage

Umbrella insurance is designed to protect the policyholder from any liability that exceeds the coverage in place from their commercial or business insurance. In instances where there is a high risk for injuries to guests, having umbrella insurance can give substantial coverage and peace of mind. Rental companies are wise to have this type of coverage in the event of an accident or similar circumstance. 

Working With An Agent

Before selecting umbrella insurance coverage, you should consult with a skilled insurance agent from Brown & Brown Insurance to get answers to questions and discover policy options that work for your individual needs. We are proud to serve the residents and business owners of Perrysburg, OH. With our assistance, you can find out what options are available and which policies need tweaking and your future needs. We can also help file any claims that occur in the future. 

Don’t go without the insurance coverage protection from excessive liability if you are the owner of a rental company. Call or stop by Brown & Brown Insurance today to get more details. They look forward to assisting the residents of Perrysburg, OH. 

Does Flood Insurance Cover Mold?

When it comes to floods, the first thing people think of is being knee-deep in water in their basements. They may worry about the electrical wiring and whether the home is safe to inhabit. But floods are more than just their immediate after-effects. One of the more disturbing possibilities is the formation of mold. If you’re wondering if flood insurance covers mold in Toledo or Perrysburg, OH, Brown & Brown Insurance wants you to have the facts. 

The Nature of Mold 

Mold comes in a wide variety of types. Some are beneficial to your body, while others can cause anything from allergies to death. Mold can grow in the walls, under the floorboards, and behind the furniture, and it can be especially challenging to identify if no one’s showing any symptoms yet. Mold can bloom quickly and spread, or it may take its time to grow a colony from its origination and beyond. 

Flood Insurance and Mold 

Flood insurance may cover mold, so long as the mold was due to a covered event. However, insurance will usually look at each case of mold individually. Property owners who don’t file a claim for the mold quickly enough may be denied coverage, depending on the circumstances. Those who experience water damage may want to have an inspection completed to learn if troublesome mold or mildew is present on the site. 

If you have questions about how mold is treated under a flood insurance policy, call Brown & Brown Insurance. After a significant event occurs, insurance companies are often swamped with questions from panicked homeowners. Getting your questions answered can help you make smarter decisions (even when you’re under pressure). If you live in Toledo or Perrysburg, OH, our friendly staff would love to help. 

4 Top Things to Look for in Condo Insurance

If you’re in the market for condo insurance, there are some key things you should know about it. One of the most important things is what you should look for in terms of your insurance policy. An insurance agent from Brown & Brown Insurance of the greater Perrysburg, OH area can assist you in determining what you need for your condominium insurance.

The Tricky Matter of Condo Insurance

When you live in a condo, you deal with a homeowner’s association. You’ll have a contract and policy with them already, and this covers the external parts of your condominium. It includes the building itself, the grounds, and external features on the property.

The condo insurance should cover anything that’s inside of the condo, such as your personal belongings and fixtures. This includes potential losses due to damage from a fire or theft.

Liability Coverage Is a Plus

You might consider getting liability coverage as part of your condo insurance policy. This protects you in the event someone is injured on your property or if you are responsible for damage to someone’s property. This also may include bodily injury, slander, and libel claims.

Look for a Bundle

An insurance bundle is excellent if you are new to getting insurance or have moved to a new area. In the Toledo and Perrysburg, OH area, you’ll get help from a reputable company like Brown & Brown Insurance to figure out a reliable package that will work with your needs. This makes it possible to save money compared to going through more than one provider.

Umbrella Insurance for Your Condo

It can be a good idea to get umbrella insurance if you want protection over the amount you’d get with a homeowner’s policy or with what a condo policy typically provides. If you have expensive valuables over a certain amount, you might need an umbrella policy in order to cover their value if they are stolen or damaged.

Contact the insurance experts at Brown & Brown today to ask any questions and get started with setting up your condo insurance.

Can I Get Health Insurance Outside of Open Enrollment?

Everyone is mandated to carry some form of health insurance. Every year, there are specific Open Enrollment dates so that people can purchase a new policy, change it, or update their existing health insurance coverage. It’s important to know when Open Enrollment dates are so that you can make necessary changes to your policy. At Brown & Brown Insurance, the agents serve Toledo and Perrysburg, OH residents, as well as others who live in many of the surrounding communities.

Open Enrollment Dates

In most states, including Ohio, Open Enrollment starts on November 1st, 2019, and runs through December 15th, 2019. Insurance coverage that is purchased during this time will take effect on January 1st of 2020. Once the coverage has started, you will not be able to change or alter your coverage until the next Open Enrollment period in 2020.

Special Circumstances

There are certain circumstances or life events that will allow you to change your coverage outside of the Open Enrollment dates. These events include marriage, divorce, death of a spouse, the birth of a child, or a child moves out on their own. You have 60 days to report the event if you plan on changing your policy outside of the traditional Open Enrollment dates.

The agents of Brown & Brown Insurance can help you update your policy during the Open Enrollment dates or change your policy if a life event occurs. If you live in the Toledo or Perrysburg, OH area, schedule a consultation with one of our agents to discuss your policy. We can help you determine what changes need to be made or if you are eligible to make changes outside of the regular enrollment dates. Talk to an agent today!

How Does Life Insurance Help My Loved Ones?

Most people in Perrysburg, OH know that life insurance can pay for certain expenses in the case of their death. However, not everyone knows exactly what those expenses entail or how they’re used in practice. If you’re wondering what exactly will be covered and how it will benefit your loved ones, Brown & Brown Insurance is here to help. 

What Does Life Insurance Cover?

Life insurance is designed to cover as many expenses as possible for your family if something happens. It’s typically paid out as one large settlement for the beneficiary to use however they wish. In practice, the funds will usually go toward the funeral costs, medical bills, or other incidental expenses that arise.

Most people will wait until they have dependents until they purchase life insurance, but life insurance can also cover debt in the case of a death. If you don’t want your parents or spouse to be on the hook for any unsecured loans you may have taken out, consider purchasing a policy today. 

Taking Charge 

There are a wide variety of options to choose from if you’re looking to customize your life insurance policy. For example, some people will sign up for policies that will gradually decrease the payout benefits as the holder’s debt decreases. In other words, as you pay off student loans and your home mortgage, you can lower the amount of coverage to fit the new totals. If you want to know exactly how much coverage is sufficient, give Brown & Brown Insurance a call today to find out more about the different types of policies available. We make it easy for the people of Perrysburg, OH to see the forest through the trees. 

Are There Limits to How Much Commercial Insurance you Can Have?

Commercial insurance is something that is very useful and very helpful for those business owners that do want to protect their investment. Commercial insurance does have limits and knowing how to establish them can help you to create your perfect policy. For those that live in the Perrysburg, OH area, the agents with Brown & Brown Insurance can help you to create a policy that works for you.

Commercial insurance has limits that prevent business owners from taking out more coverage than their business is actually worth. You can only take out as much insurance coverage as the business itself and the equity in it is worth. This means that you cannot take out a ton of coverage over what your business is worth. A good example is a business that is worth $1 million with assets, this means that you are not going to be able to take out an insurance policy for $25 million. Insurance policy numbers are set by the policyholder and by the insurance adjuster that comes to the business to assess the value and see just how much the commercial business is worth. This helps to ensure that the business is not insured for more than it is worth and that there is not an enticement to destroy the business and get a huge payout.

It is important that when you do take out a commercial policy your insurance company is going to work to appraise the property to get you the right amount of coverage and so that you can get the coverage that is needed to keep your property safe and sound. For those that live in the Perrysburg, OH area, the agents with Brown & Brown Insurance can help you get the policy that works best for you.   

Is Auto Insurance Required in Ohio?

The process of purchasing, managing, and maintaining a personal vehicle is one that over 88 percent of Americans will follow over the course of their lives. With so much to worry about and so many deadlines to hit, getting an auto insurance policy may be the last thing on your mind. Some people may even believe that they don’t need an auto insurance plan to drive, but this is simply not true. If you live in Perrysburg, OH, not only should automobile coverage be an integral part of your insurance portfolio, it’s also required by law. 

The state of Ohio affirms that the operation of motor vehicles without insurance is a criminal offense. In fact, it’s even illegal for family members and friends to operate your insured vehicle if they don’t have a plan of their own. If you want to drive in Ohio, you’ll need to own proper auto insurance coverage. 

Proof of auto insurance policies must be kept within the corresponding vehicle and presented at official traffic stops, the scenes of car accidents or collisions, and your yearly state vehicle inspections. There are certain minimum requirements that insurance carriers must have on their plan in order to continue legally driving. These minimums include: 

  • $25,000 for the bodily injury or death of a single individual. 

  • $50,000 for the injury or death of two or more individuals. 

  • $25,000 for damage to property in the event of a collision or accident. 

If you’re in need of an auto insurance policy that’s uniquely catered to your needs, contact the professionals at Brown & Brown Insurance, your Perrysburg, OH experts on auto insurance and beyond. We are proud to offer our clients the knowledge and flexibility that only excellence can bring. Contact Brown & Brown Insurance today.

Is Your Home Insurance Coverage Enough?

Ensuring you have enough coverage for your home insurance in Perrysburg, OH and around the state is important, and the amount of home insurance you need can change over time as you update your home and acquire new belongings. Home insurance is divided into four main areas: dwelling coverage, personal property, liability coverage, and additional living expenses. It’s important to have enough coverage for all of these situations and an agent at Brown & Brown Insurance can help.

Various Coverage Options

You should have enough dwelling coverage to allow you to rebuild your home and attached structures. You should account for replacing appliances as well. Ask an agent about actual cash value and replacement cost value to help ensure you have enough coverage to rebuild your home with inflation accounted.

Your personal property coverage should be enough to protect your belongings if they are destroyed. You should take an inventory of everything you own to give you an idea of coverage needs. This will be necessary if you need to file a claim later. Check for item specific limits, such as for jewelry or furs, and get additional coverage as necessary.

When it comes to liability coverage, the more assets you own, the more you are at risk of being sued. This means you will need more liability coverage. If you have a pool, trampoline, or dogs, consider higher liability coverage limits in order to protect your assets. Assets that could be taken in a lawsuit include vehicles, investments, future wages, and personal items. If your total assets are higher than the liability limits, consider extra coverage through an umbrella policy.

Many companies will set additional living expenses as a percentage of the dwelling amount. Having this coverage is useful because it will cover moving costs, food costs, and rent or hotel fees.

Contact Brown & Brown Insurance, serving Perrysburg, OH, to get a quote on home insurance.