Do I need flood insurance for my Idaho property?

The Meridian, ID area can be a wonderful place to live. Due to this, those that come here and want to stay should consider buying their home. If you do decide to purchase a home when you are in this area of Idaho, you will want to get the right insurance for it. One type of insurance that you may need for your home is flood insurance. There are several factors that could determine whether or not you should get flood coverage for your property. 

Home is in a Flood Zone

One factor that will determine if you need flood insurance for your property is if your home is located in a flood zone. If you do have a property that is located in a designated flood zone, there is a good chance that your mortgage provider will want you to have flood insurance in place at all times as it will give great protection for their collateral.

Flood is a Concern

Even if you are not in a flood zone, or you are not required by a lender to carry coverage, there are still situations when you will need to have flood insurance. If there are rivers, lakes, or other waterways located nearby you, they do pose a risk of a potential flood. If you do not have any coverage through home insurance, you may need to get flood insurance to properly protect your home and provide you with peace of mind. 

There are plenty of situations when someone in the Meridian, ID area will need to have flood insurance. If having flood coverage is necessary for you, it would be a good idea to call Idaho Select Insurance. The team with Idaho Select Insurance can help you to understand your needs and options and give you support in picking a new policy.

Umbrella Insurance Myths To Avoid While Researching Policies

Idaho Select Insurance serves Meridian, ID, as well as the surrounding areas by offering residents multiple types of insurance coverage. We want to help our clients find policies that will allow them to live comfortably.

Umbrella Insurance Myths To Avoid

As you navigate life’s challenges as a Meridian, ID resident, an unexpected event may occur that causes problems. Umbrella insurance is beneficial because it offers a safety net if a disaster occurs. Primarily, the policy will cover you if you are involved in a potential liability dispute. While you are researching policies, avoid some of the misinformation out there regarding umbrella insurance.

Umbrella Insurance Is Only For Wealthy People

This is incorrect. Umbrella insurance is an asset regardless of your income. Accidents can occur regardless of your income level. Umbrella insurance protects your assets if someone falls while visiting your home or if your pet accidentally bites someone.

I Can Use Umbrella Coverage As A Substitute For Another Policy

This is incorrect. Umbrella Insurance does not act as a substitute for another type of policy. Umbrella insurance assists you if you are involved in a serious liability issue that could potentially impact your home or auto policy. Umbrella insurance does not actually take the place of your home or auto insurance policy.

Umbrella Insurance Covers Personal Items

This is incorrect. Umbrella insurance does not cover any damages to your personal items. The policy is not intended to cover your personal items if they are stolen. You can only use umbrella insurance to protect your assets if you are involved in a serious liability dispute.

Consult With Idaho Select Insurance

For more information on umbrella insurance, visit our website today!

3 Reasons to Purchase Renter’s Insurance Before the Holidays

They say the holidays are the most wonderful time of the year. This may be true, but it can also be a season filled with unexpected damage and mishaps. In order to make sure your rental home makes it through the holidays, it is important to have renter’s insurance activated. At Idaho Select Insurance, we understand that you can’t make good insurance choices without good insurance information. Keep reading to find out why you should consider purchasing renter’s insurance before the holidays. 

Some Holiday Traditions Can Be Dangerous 

Around the holidays we start doing stuff we don’t normally do. We are lighting more candles. We are putting a new strain on our electrical systems with fancy light displays. We are moving large evergreen trees right into our living spaces. These holiday traditions can carry with them a certain risk factor if we are not very careful. Renter’s insurance is there to protect you in the event that a disaster strikes this holiday. 

More People Equals More Accidents

We love having our families come in for the holidays, but let’s be honest, sometimes disaster can follow our families right on into town. The fact is, the more people you have in your home the greater the risks are for accidents. The personal liability coverage you’ll find with most renter’s policies will make sure that you are not held liable if someone gets hurt this holiday season. 

When Alcohol Is Involved

Another risk factor of the holiday season revolves around the fact that more people are "making spirits with bright," with actual spirits, ie. alcohol. Whenever alcohol is involved the risk factor for accidents and disaster ratchets up quite a bit. Make sure your rental home is covered from any and all holiday mayhem with sufficient renter’s insurance. 

If you would like to learn more about renter’s insurance, please contact us at Idaho Select Insurance, serving Meridian, ID. 

Why should I invest in a motorcycle insurance policy?

Owning a motorcycle can be a great option for anyone that is in the Meridian, ID area. If you are going to purchase a motorcycle in this area of Idaho, you will have a vehicle that is fun, efficient, and reliable. If you do purchase a motorcycle here, you should also spend time considering your insurance needs. There are several reasons why someone here needs to get a motorcycle insurance policy.

It’s a Legal Requirement

One of the reasons that you need to have an insurance policy for your motorcycle is that it is a legal requirement. In Idaho, anyone that is going to operate a vehicle on public roads needs to carry valid liability insurance. This includes people that want to operate a motorcycle. If you do not have motorcycle insurance and are caught without it, you could lose your license or be otherwise penalized. 

Protects Asset

Anytime you purchase a motorcycle you are going to be making a big investment and purchase. Due to this, you should look for ways to protect your investment as much as you can. A great way that you can do this is by getting a motorcycle policy that will also include collision and comprehensive insurance as it can protect against a variety of risks. 

There are many reasons why someone in the Meridian, ID area should get a full motorcycle insurance policy. If you would like to get this type of insurance, you should make sure that you get proper guidance and support. The team at Idaho Select Insurance knows how important it is to get proper insurance coverage for this asset. Idaho Select Insurance can answer any questions that you have, address your concerns and help you to build a personalized policy that meets your needs. 

Is Flood Insurance Necessary for Your Home in Idaho?

Flood Insurance in Idaho

As you may have seen many times, widespread floods have wreaked havoc on communities across the country. Idaho is no different and if you live in a high-risk flood zone, you will need to get insurance. Protecting your home and valuable possessions is important in times of disaster such as flooding. Having adequate flood insurance will ensure that you are protected during a crisis.

At Idaho Select Insurance in Meridian, ID, we have worked with many home and business owners to secure the best policies possible to protect their assets and property. It is better to be prepared before the next big storm hits.

Staying Covered

A private insurer may offer options other than FEMA’s National Flood Insurance Program (NFIP) which is a standard type of flood insurance. Usually, flood insurance is a standalone policy separate from your homeowner’s coverage. Depending on different factors, including the severity of risk where you reside, the cost can vary. Private insurers can offer options through different companies and can tailor a plan that will work for you. Staying covered in Idaho will give you peace of mind if an unforeseen disaster should happen.

Insurance You Can Trust

Contact us at Idaho Select Insurance in Meridian, ID. We work with the best companies to find affordable policies that suit your specific needs. Many people neglect flood insurance until it is too late. It is better to not wait and wind up losing your investments in the event of a disaster. If you are looking for flood insurance or any other type of coverage, don’t hesitate to reach out to one of our agents. We look forward to working with you.

3 Reasons to Have Boat Insurance

Although Idaho does not have a legal requirement that boat owners must carry insurance on their vessels, it is highly recommended given the risks associated with boating and the investment made into the watercraft. Let’s take a look at three reasons why boat insurance is a no brainer purchase.

1. Inclement Weather

Contrary to public opinion, bad weather doesn’t have an offseason and can strike at any time leading to costly repairs on your boat. Even if you store your boat during the winter months, that doesn’t mean that a flood, fire, or another type of natural disaster cannot damage your vessel. Consequently, having boat insurance means that you are covered for natural disaster-related damage up to your policy limit and minus your deductible.

2. Homeowners Insurance Doesn’t Cut It

If you store your boat on your property, it may be tempting to believe that your homeowner’s insurance policy will cover the vessel; however, this is largely not true. While it will offer some form of coverage while it is on your property, the amount will be significantly less than the boat’s value and nowhere close to what a traditional boat insurance policy will cover which includes comprehensive, property damage, bodily injury, and collision.

3. The Marina May Require Boat Insurance

Even though Idaho does not require boat insurance, it may be required by the storage facility to include a boatyard or marina. Consequently, it is important to double-check the rules and regulations of where you are storing the boat during both the summer and winter months to ensure whether or not insurance is needed.

At Idaho Select Insurance in Meridian, ID, our friendly and professional team of insurance specialists will happily answer your questions and help you find the perfect policy for your needs. Give us a call today and we’ll help you find your next boat insurance policy. 

Is getting life insurance in Idaho a good idea?

Anyone that is in the Meridian, ID area will have a variety of insurance needs that they should consistently evaluate. One form of insurance that all people in this area should consider getting is life insurance. There are several reasons why getting life insurance is a good idea for someone to acquire.

Provides Protection for Dependants

The main benefit of getting a life insurance policy is that it can provide you with protection for your dependents. If you have people that depend on you and your income, it is always a good idea to have life insurance. This will ensure that they are cared for from a financial perspective if you were to pass away. Even if you do not have any dependents, it would still be a good idea to get this insurance as it will provide a financial benefit to others that could also cover any funeral or medical expenses.

Investment Option

Another advantage of getting a life insurance policy is it can provide you with a unique investment option. If you choose to get a whole life insurance policy, a portion of your monthly premium payments will accumulate in an account. This will be an asset that will continue to grow in value and could be liquidated at any time. This is also a great asset as you could use it as collateral to borrow against.

When you are shopping for life insurance in the Meridian, ID area, you should contact the team at Idaho Select Insurance. The insurance team at Idaho Select Insurance can help you to better determine your insurance options. They will be able to explain the pros and cons of each option to ensure you pick a policy with a coverage amount that is right for you. 

When does someone need to have home insurance in Idaho?

The Meridian, ID area is a very popular community for someone to live in. When you are living here, a great option would be to purchase your home as it provides a number of benefits. If you are going to purchase a home in this area of the state, you should make sure that you get a quality insurance policy. There are several situations when someone here needs to have a home insurance policy. 

When a Loan is Outstanding

One situation when you will need to have a home insurance policy is when you have a loan outstanding against your home. If you have taken out a mortgage, the mortgage lender is going to want you to have insurance to ensure their collateral is protected at all times. The mortgage will have specific mortgage requirements and could require that you escrow payments monthly.

Association Rules

Some people in this area of the state may also have home association guidelines that need to be followed. It is important to review your home association documents to ensure that you are in compliance. Associations normally require you to have this to ensure you can handle any future liability claims and repair your home if it is damaged. 

It is almost always a good idea for someone to have home insurance when they are in Idaho. When you are shopping for a new home insurance policy here, it would be a good idea to consider all of your needs and options. The team at Idaho Select Insurance can help someone do just that. When you work with Idaho Select Insurance to properly insure your Meridian, ID area home, you are going to receive the advice and guidance you need to select the right policy. 

Is comprehensive or collision insurance needed for your vehicle?

In the state of Idaho, all drivers must obtain at least liability insurance to be able to legally drive in the state. This includes $25,000 of bodily injury coverage per person per accident, $50,000 bodily injury for all persons per accident, $15,000 property damage liability, and $25,000  uninsured motorist coverage and $50,000 of underinsured motorist coverage. Many motorists opt for more coverage than a basic liability insurance policy will provide for them so they can hit the highways with more peace of mind and confidence. These types of insurance policies include comprehensive and collision auto insurance coverage.

Your vehicle is extremely important to you and a sizable investment. If you borrowed the money to purchase your vehicle, your lender will more than likely require a more full coverage type of policy than liability insurance covers.

Collision insurance

Collision insurance will protect you and your vehicle if you are involved in a crash due to a traffic accident, no matter who is at fault in the incident. It will provide coverage for repairs to your vehicle that may need to be made due to the result of an accident. This type of coverage also covers property damage and any damage to the vehicle that is a result of the collision with non-moving things, such as in a situation in which you strike a tree, pole, or building with your vehicle. If your car is deemed to be a total loss, your auto insurance company, this type of coverage may provide a replacement vehicle of the same or similar market value or a decent-size down payment for another vehicle.

Comprehensive insurance

Comprehensive insurance coverage comes in handy if your vehicle is stolen or the victim of vandalism or fire. This type of auto insurance coverage will also repair or replace your vehicle if it is damaged by a natural disaster, such as a tornado, hurricane, or hail storm.

There are many other add-ons that you can include in your auto insurance policy to provide you with as much protection as you want or need. To create the very best policy for you and your situation, you will want to enlist the assistance of an experienced and knowledgeable auto insurance agent in Idaho. She or he will have the skills and access to the information needed to offer you the best insurance options available.

The auto insurance agents at Idaho Select Insurance in Meridian, ID are ready to serve you and all of your auto insurance needs. Call to speak with an agent today!

Can Umbrella Insurance Coverage Be Increased Based On The Increased Odds Of Liability?

People who have an increased chance of liability for personal property, whether it be a home or even a boat, could benefit from umbrella insurance. This type of coverage is designed to offer protection that goes above and beyond the limits of insurance that is already in place.

Umbrella Coverage

Umbrella insurance is designed to protect a property owner from potential liability as a result of an accident or any other covered event. It is a smart way to gain peace of mind and help secure your financial future. In some cases, however, there may be a time when the liability risk may increase and additional coverage may be necessary. In this instance, the course of action would generally be to purchase an additional policy. Most umbrella insurance is not adjustable mid-term, but the purchase of another policy will add that extra layer of security and can allow the buyer to tailor the coverage adequately before the actual policy purchase. 

A Helping Hand

There are many terms and conditions to be aware of when it comes to shopping for insurance. Umbrella insurance is no exception, which is why it is wise to have an insurance agent from a reputable company, like Idaho Select Insurance, to help navigate the process. They can answer your questions and explain exactly how the coverage works for residents of Meridian, ID and then help file the paperwork. They can also help with any claims that may occur in the future. 

People who are currently looking for ways to help protect them from liability should call or stop by Idaho Select Insurance, serving Meridian, ID, and speak with one of the knowledgeable agents on duty. They can help you get the peace of mind you need and present options that work for your individual situation.