What Is Flood Insurance Supposed to Cover?

Do you need flood insurance? If you have flood insurance, what does it cover?

These are common questions for homeowners, even in Meridian, ID. In light of that, we at Idaho Select Insurance want to give you some quick and easy answers.

Types of Flood Insurance

The first thing to understand is that a flood insurance policy does not cover damage from all water sources. It is intended to cover against damage brought on by a flood. Specifically, that means water from weather events. If a pipe bursts in your house and causes a flood, flood insurance usually does not cover that.

Things get even more complicated when a weather-related flood causes a plumbing problem that floods a house. This type of thing is assessed on a case-by-case basis.

The short answer is that extreme weather events that cause flooding are covered while other sources of water and flooding typically are not.

Types of Damage from Flood Insurance

Flood insurance also looks at different types of damage. It might cover building damage or building contents (or both).

Building damage refers to the building and its infrastructure. This type of coverage might help you repair damaged plumbing, replace walls, and carry out any other repairs related to the structure itself.

Content damage refers to things you own in the house, like clothing or furniture. Plenty of flood policies offer help with this type of coverage, too.

There is one exception to note. Generally, flood insurance does not cover flood damage within a basement.

Remember That Policies Vary

That’s the gist of what you can expect from flood insurance, but it’s important to remember that policies always vary. On top of how they vary by provider, flood policies vary by location. After all, a place like Miami has different flooding risks and concerns than Boise or Meridian, ID. Considering that, it’s always important to review your exact policy.

If anything is unclear, you can always speak with an expert. You can talk with your Idaho Select Insurance representative and discuss any questions you have regarding flood insurance. We’ll be happy to hear from you.

Do I Need Boat Insurance in Idaho?

According to the law, you’re not required to have boat insurance in Idaho. However, boating has many risks, and it’s good to know that you don’t have to pay for damages out of pocket in case of an accident. At Idaho Select Insurance in Meridian, ID, we are happy to help you understand the different policies available to cover your vessel.

Advantages of Boat Insurance Coverage

There are many advantages to maintaining coverage for your small or large watercraft. Although you don’t have to have boat insurance in Idaho, your lender will probably require it if you’re still paying off the loan. Additionally, you can add coverage to pay for damages inflicted by an uninsured boater.

Taking a boater safety course can significantly lower the cost of insurance. For more information on optimizing your boat insurance coverage, contact one of our knowledgeable agents.

Types of Boat Insurance

There are three basic types of boat insurance: property, liability, and medical. However, there are other policies available to meet your preferences.

Property Insurance for Your Boat

Your property insurance covers the physical components of your boat, including the hall, furnishings, permanently attached equipment, machinery, and fittings.

Liability Coverage

If you cause an accident on the water, liability coverage can prevent financial losses by paying for related damages to other vessels.

Medical Payments Coverage

If you or your passengers sustain injuries while enjoying time on your boat, medical payment coverage can pay for the resulting hospital bills and other medical expenses.

Uninsured Watercraft Coverage

If an uninsured watercraft collides with your boat, you can pay for damages out of pocket. However, you can also add uninsured watercraft coverage to handle this contingency.

Contact Idaho Select Insurance in Meridian, ID to learn more about boat insurance or to get your coverage started today!

Exploring Different Riders and Add-ons in Life Insurance Policies

Life insurance is essential to any sound financial plan, especially if you have loved ones in Meridian, ID who depend on your income. Idaho Select Insurance explores some of the life insurance policies’ most common riders and add-ons. 

1. Accelerated Death Benefit Rider

The Accelerated Death Benefit Rider is an additional feature that enables you to obtain a part of your death benefit before you die if you have less than 12 months to live due to a terminal illness. This rider can assist you in covering medical costs or other expenses you might incur in your last days.

2. Waiver of Premium Rider

The Waiver of Premium Rider is an additional option to add to your life insurance policy. If you become disabled and cannot work, this rider will waive your premium payments. This means that you don’t have to worry about losing your life insurance coverage if you can’t pay your premiums due to a disability.

3. Child Rider

A Child Rider is an add-on that provides coverage to your children in the event of their death. This rider typically covers the policyholder’s biological, adopted, or stepchildren at a lower cost than a standalone policy.

4. Accidental Death Benefit Rider

The Accidental Death Benefit Rider provides additional payment if your death is caused by an accident. 

5. Long-Term Care Rider

The Long-Term Care Rider is an add-on that provides financial coverage in case of chronic illnesses such as Alzheimer’s, Parkinson’s, and other similar conditions. This rider can give you financial assistance for nursing home care or home health care.

Riders and add-ons can be added anytime during the policy term, providing great flexibility to policyholders in Meridian, ID. Contact Idaho Select Insurance today to learn more.

What Are the Different Types of Home Insurance Policy Options?

There are several different types of home insurance policies on the market. The trick to choosing the right one is getting the professional assistance necessary to understand and match the policy to your specific needs. Our team at Idaho Select Insurance are committed to helping the residents of Meridian, ID find the right insurance they need for their homes.

Types of Home Insurance 

There are three types of home insurance available for most homeowners. The first is actual cash value, which covers the cost to replace your home in the event of a total loss calculated when your home is built. According to the market, replacement cost insurance factors in the current price to replace the house. The most comprehensive insurance policy is the guaranteed policy or, as it’s also known, the extent of the replacement cost policy. This policy will guarantee that you can rebuild your home exactly like it was when it was new, despite the house’s current market value.

If you need help deciding which policy works best for your situation, our team can help. They can carefully assess your situation and recommend insurance options that meet or exceed your current and future needs. Not only do we assist you with purchasing an insurance policy, but we will also provide exceptional customer service for the lifetime of that policy. Our services include assisting with any changes, submission of documents, and even helping with claim submissions.

Find Out More 

If you want to learn more about home insurance and your options, please call or stop by Idaho Select Insurance to speak to an insurance agent. We can provide answers to any questions and hope you get started on the process of finding insurance policy options that offer the residents of Meridian, ID some peace of mind.

Auto Insurance Add-Ons To Keep You Safe on Idaho’s Roads

At Idaho Select Insurance, serving Meridian, ID, we want to ensure you are fully protected on Idaho’s roads with adequate auto insurance coverage. While standard car insurance policies are mandatory, they may not be enough to cover you in all situations. Therefore, we recommend you consider additional "add-ons" or extra coverage to keep yourself and your loved ones safe.

Uninsured/Underinsured Motorist Coverage

While Idaho law requires all drivers to have liability insurance, some drivers don’t comply, and others don’t have sufficient coverage. If you are in an accident with one of these drivers, you may have to pay for damages out of pocket. We suggest adding uninsured and underinsured motorist coverage to your policy. It protects you financially if you are in an accident with someone who doesn’t have enough or no coverage.

Personal Injury Protection (PIP)

PIP pays for medical expenses and lost wages if you or your passengers are injured in a car accident, regardless of who is at fault. This coverage can be valuable if you lack health insurance or high deductibles.

Roadside Assistance

Getting stranded on the road can be a hassle and can happen to anyone. Roadside assistance helps if your car breaks down, runs out of gas, or you get a flat tire. This coverage is often inexpensive and can save you time and frustration if you’re in a bind.

As your trusted insurance provider, Idaho Select Insurance, serving Meridian, ID, encourages you to consider these add-ons to your auto insurance policy for extra protection and peace of mind. Contact us today to discuss these options and how we can customize a policy for your unique needs.

All you need to know about umbrella insurance

Umbrella insurance is the type of insurance that provides you with extra coverage on top of your personal insurance, such as auto insurance, home insurance, boat/watercraft insurance, and more. Umbrella insurance kicks in and covers the additional costs once you reach the limits of your primary insurance policy. 

If you are thinking of purchasing umbrella insurance, here is a list of some things you should know about it:

What Should You Know About Umbrella Insurance?

Here are the most important facts about this type of insurance:

  • It applies to you and other people living in the household. If you have a spouse, children, or other people in your care, umbrella insurance also applies to them. 
  • There are certain things that umbrella insurance covers. A typical umbrella insurance policy covers injuries to someone else, damages to someone’s property, defamation, false imprisonment, landlord liability, and some other things. 
  • Umbrella insurance has limits and does not cover everything. For example, umbrella insurance does not cover the policyholder’s injuries and damages. Other types of insurance and coverage will cover them. It also won’t cover liability associated with your business unless you carry a special business umbrella policy. 

Idaho Select Insurance – Insurance Company in the Gem State You Can Trust

Suppose you live in Meridian, ID, or any other nearby town, like Boise or Eagle, and you are looking for an umbrella insurance policy to provide you with the additional coverage you need. In that case, you should contact Idaho Select Insurance. Our company specializes in different types of insurance, including umbrella insurance as well. Our qualified insurance agent will answer all your questions and help you find the perfect coverage based on your insurance needs. We serve clients in Meridian, ID, and other surrounding areas. Feel free to reach out to us for more information. 

How to Create an Inventory List When You Purchase Rental Insurance

At Idaho Select Insurance, providing residents in the greater Meridian, ID region, we want to help our customers with their insurance needs and questions. This is why we offer tips to help our customers if the unexpected occurs. If you are looking to purchase a rental insurance policy or have recently purchased one, we strongly recommend making an inventory list. Here are a few tips to help you create that list. 

Go Room By Room Listing Inventory

When creating an inventory list for rental insurance, you should go room by room, listing the general items in the room. Be sure to include any high-value items on your list, as these items need to be documented if you need to file a claim due to fire, theft, or other covered events. 

Take Pictures of High-Value Items

As you make an inventory list, take the time to either take pictures or videos of your high-priced items, including jewelry, electronics, and furniture. This is one of the best ways to document that you do own those items and show what condition the items were in. 

Save Receipts

Lastly, if you have receipts for high-value items or if you purchase new high-value items, be sure to save your receipts. This can come in handy, as it documents when you bought an item and how much you paid for it. 

Having an inventory list can be handy if you ever have to file a claim with your renters’ insurance company. It helps to show that you owned items of value and shows the condition those items were in. If you are looking for a renters’ insurance policy, Idaho Select Insurance, serving the greater Meridian, ID area, would love to be of service to you. Call our office, and let’s get started finding you a new policy. 

Safe riding tips for motorcycle riders

Motorcycle riders can enjoy the freedom of the open road in the Meridian, ID area, but it’s essential always to remember to ride safely. Here are a few tips from us at Idaho Select Insurance for staying safe while riding your motorcycle:

  1. Wear the Right Gear: Make sure you have all the proper safety gear for riding a motorcycle, such as a helmet, gloves, and protective clothing that covers your skin. This will help protect you from injury should you ever be involved in an accident.
  2. Maintain Your Motorcycle: Regular maintenance is vital for staying safe on the road. Keep your bike in top shape with regular oil changes and checking of tire pressure and other parts. Doing so can help you avoid breakdowns or other mechanical issues while on the road. 
  3. Drive Defensively: Always practice defensive driving techniques when riding your motorcycle; be aware of your surroundings and stay alert for potential hazards like potholes or debris in the road. Give yourself plenty of time to react if an unexpected obstacle is ahead of you on the road. 
  4. Avoid Distractions: Don’t let distractions like cell phones or music divert your attention away from driving safely. Being distracted behind the wheel can cause accidents, so keep any devices out of reach while riding and focus solely on the task at hand – arriving safely at your destination! 
  5. Follow Road Rules: Obey all traffic laws and rules while riding, including speed limits and lane changing regulations which are especially important when sharing roads with other vehicles or pedestrians who may not be aware of motorcycles on the road around them. 

For more tips, give us at Idaho Select Insurance a call today. We proudly serve the Meridian, ID area.

Who Needs Flood Insurance?

Meridian, ID residents do not need to purchase flood insurance as a requirement of the law. Still, your lender may compel you to buy a policy, particularly if the government backs them. 

Even if your home is paid for, it’s vital to understand that flooding is not covered under a standard homeowners policy. Your knowledgeable Idaho Select Insurance agent can assess your situation to determine the needed coverage.

It’s essential to identify your property on the FEMA map, a resource created by the government that records the topography of the United States and contains information related to flooding history. 

This is updated every five years to reflect changes to the climate and resulting rainfall and erosion. It will also contain data regarding the past frequency of flooding and the elevation to assist us in making predictions for future events, their prevalence, and their intensity. 

People who live in low-lying areas, categorized as flood planes, need to consider flood insurance, and this is especially true if you live close to a river or a creek that can rise. Torrential rain can also cause wet water streams to appear suddenly in certain places. 

Spring thaws after significant snow accumulation can create conditions where gullies overflow their boundaries, and ditches and culverts on roadsides can also flood during heavy downpours. People at the bottom of hills on city streets may experience flooding when there is insufficient drainage or sewage systems to move water away from the asphalt. 

Idaho Select Insurance is Here to Help

We specialize in providing you with quality insurance products and services to meet your everyday needs, and we invite you to reach out with any questions you may have. We serve clients who live in the Meridian, ID region. 

Make The Most Of Your Umbrella Insurance

The best insurance is the insurance you never have to use. This sounds paradoxical, but it’s a real thing. If you never have to use your insurance, it’s still there, giving you peace of mind, and it’s always in the background. Idaho Select Insurance serves Meridian, ID, and we can help you find the umbrella insurance coverage right for you. Here’s how to make the most of your umbrella insurance.

Minimize Access to Attractive Nuisances

A swimming pool in your yard is a great way to beat the heat. But without adequate protection to keep people out when it’s not in use, it can be, legally speaking, an "attractive nuisance," something that can cause harm. Make sure that access to it is controlled if you have a pool, a home basketball court, or another large outdoor exercise area.

Have enough umbrella insurance to cover your entire net worth

If you are sued, ensure your umbrella insurance covers your entire net worth. It’s a simple step you can take, but it requires a lot of work to find where your limits are. Umbrella insurance may also be necessary to cover future earnings if you have or are studying for a graduate degree, which may further affect your income. Income can be garnished as part of a legal judgment if you can’t pay immediately.

Know what umbrella insurance does and doesn’t cover

Idaho Select Insurance serves Meridian, ID, and our licensed and bonded insurance advisors can help you find exactly what umbrella coverage you need and discuss what it covers and can’t. Call us or come in today to start the conversation and protect your assets from liability today.