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. 

3 Tips for Getting Smarter Renters Insurance

Whether you have renters insurance in Meridian, ID or not, it may be time to learn more about what a smart policy actually looks like. Idaho Select Insurance wants everyone to protect themselves and their things before they have to worry about how they’ll cover the necessary expenses. 

Look for Policies That Cover Temporary Living Expenses 

What happens when your apartment floods or a fire breaks out? If you don’t want to rely on family or friends while everything is being repaired, then you’re going to want to have a policy that covers the costs of temporary living. Before you choose a specific coverage level, make sure you’re comfortable with the benefits of each plan. For example, some policies may cover just residential expenses while others will cover food and incidental charges. 

Double-Check the Liability Limits 

Most renters insurance policies will extend some degree of coverage in case you’re accused of being at fault for an accident or injury. You just need to be careful about the limits of your policy. If you want to make sure you have enough in the case of a serious accusation, it makes sense to increase your coverage level. 

Choose a Company That Cares 

Idaho Select Insurance wants the people of Meridian to feel secure, no matter what happens to come their way. Few renters expect for their things to be vandalized or lost in a fire, but these things can and do occur on a regular basis. 

If you have questions about how to craft a renters insurance policy in Median, ID, we’re to help. Maybe you have specific concerns about certain items in your home, such as a table that you lovingly restored from scratch. We’re here to chat before finding a policy that can cover you. 

Does my moped need insurance?

Why Mopeds Need Insurance, Too

Sure, Idaho requires insurance for your motorcycle, but did you know that you also need to insure your moped?

Idaho Select Insurance of Meridian, ID wants you to understand that regardless of the vehicle’s motor size if the police find you at fault for an accident, you must pay for the damages. If your child causes the accident, you must pay for the damages as their parent or guardian.

A motorcycle has two-wheels at least a 50 cubic centimeters motor and can hit speeds of 30 miles per hour or greater on a flat surface. A moped is anything less than that. That means your teen could ride a 49cc bike to school traveling at its top speed of 29 miles per hour and be within the law. It also means they could cause an accident leaving you completely liable for the damages and medical bills. That is why you need insurance for your mopeds, too.

Since the state does not require it, you can pick any insurance level you want for a moped, but the best starting point is the state minimum insurance for liability and bodily injury.

You know how your child or teen rides. That means you might want to add comprehensive coverage and collision insurance to the policy you obtain. That protects the moped from damage if your child hits a fence or leaves it under the tree and branches fall on it during a storm causing damage. The insurance pays to repair or replace the bike. 

Get the motorcycle insurance, you need today. Contact Idaho Select Insurance of Meridian, ID for help getting the coverage you need.

Top reasons to consider flood insurance

So many residents of the Meridian, ID area make the costly mistake that because they do not live near a large body of water, they do not need to purchase flood insurance. More and more often, flooding is happening in areas that are not considered to be a high-risk area. If you would like to discuss the many reasons to purchase a flood policy, reach out to an expert at  Idaho Select Insurance today. 

Relying on Federal Assistance after a flood can be a costly mistake

Many people assume that FEMA will quickly assist after floods have damaged a community. However, it not always the case. If a Presidential Disaster Declaration is not issued, then there will be no FEMA funds. Also, federal assistance is a loan, and you will be required to pay it back to the government in the long run. 

Flood is not covered under a homeowners policy

Many people make the incorrect assumption that because their homeowners’ policy has flood coverage because it includes coverage for water damage. Water damage does not cover damage from floods but for events such as a broken pipe. If you want to be protected by flood insurance, it is vital that you purchase a separate policy. 

The cost of a flood claim can be exurbanite

Even just a little water can cause a large amount of damage in a very short period of time. In addition to dealing with the flood, you will need to quickly remediate damage to the drywall and furniture to protect against mold growth. A flood policy will offer you the peace of mind that you will not be paying tens of thousands of dollars out-of-pocket to repair damage after a flood. 

If you are interested in learning more about flood insurance, reach out to an agent at Idaho Select Insurance today. We proudly serve the Meridian, ID area. 


Who should invest in umbrella insurance?

Liability risk is something that all people need to think about and consider. For those that are in the Meridian, ID area, one great type of insurance to get to protect against liability risk is an umbrella insurance policy. The umbrella insurance policy will provide additional personal liability risk. There are several situations in which someone should invest in this type of insurance. 

Anyone at Risk of Non-Covered Event

A home or auto insurance policy will give you some liability coverage. However, it does not cover all situations that could result in a liability lawsuit. Some examples of liability that are not covered can include slander or libel. If you feel that you are at risk for either of these situations, you will want to get umbrella insurance as it will give you the general liability coverage that you need. 

When Coverage Levels are Low

If you own a home or drive a car, you likely will have some built-in liability coverage in your policies. However, some people may find that this is not enough coverage for more serious accidents and situations. If this is your case, you will want to get an additional umbrella insurance policy. This umbrella insurance policy will give you more coverage on top of your existing policies, which will come in handy if you are found liable for an accident with serious damages. 

There are many situations when someone should get umbrella insurance. If you are confused about your umbrella insurance needs, you should call Idaho Select Insurance. The Idaho Select Insurance team has helped many people in the Meridian, ID area better understand all of their insurance needs and options. This will help anyone to figure whether they need to invest in an umbrella insurance policy. 

Does My Renters Insurance Cover My Roommate?

Renters insurance for your protects you and your possessions in the event of theft, vandalism, fire, or another disaster. If you find yourself without a policy in one of these situations, you’ll likely regret not having coverage. But what if you are sharing an apartment or house in Meridian, ID? Can you split a renter’s insurance policy with your roommate? Should it even be a consideration? Here’s what you need to know about sharing a renters insurance policy from the insurance experts at Idaho Select Insurance. 

Just Because You Can Doesn’t Mean You Should 

Many insurance companies allow you to share a renters policy with your roommate, but there are some things to consider before electing to do so: 

Saving money? — Yes, it’s possible that you could save money on your premiums by splitting the bill, but at what cost? Any claim you or your roommate file will go on your record, which will affect the cost of your insurance. For example, if someone steals your roommate’s computer, the claim will go on your personal insurance record even though you didn’t suffer a loss. 

Are You Paying More for Their Coverage? — The value of your combined belongings determines the number of your insurance premiums. What if your roommate has far more expensive possessions? In that case, it’s not fair to be splitting the cost. 

What If They Move Out? — The biggest issue with sharing a renters policy is that both you and your roommate have to be committed to living together for a set period of time, yet career opportunities or personal issues may arise that result in your roommate moving from Meridian, ID to California. It can be tricky to handle a shared renters insurance policy if your roommate moves out and another one moves in. It can also be complicated trying to get their name off your policy. 

For more information about how renters insurance can help you protect your belongings speak to a friendly agent at Idaho Select Insurance today. 

Smart Bike Riders Choose Comprehensive Coverage

Motorcycle owners and enthusiasts in Idaho often look at the state’s minimum requirements as their benchmark for their policies. Smart riders know that a comprehensive policy is often the better option in the long run. Idaho Select Insurance is here to provide motorcycle owners in the greater Meridian, ID area with the information necessary to make an informed decision when it comes to selecting the policy for their bike.

Benefits of Comprehensive Motorcycle Insurance 

Comprehensive motorcycle insurance provides the coverage and protection you need in the event that you are involved in an accident. Covering damage or destruction of your bike is just one of the benefits of a strong policy. There is also coverage available for damage to property as well as bodily harm. These coverages can also be extended to include robust coverage in the event you are involved in an accident with an under or uninsured driver. Medical expenses or property damage that aren’t covered by a basic policy will then become your responsibility. To avoid this liability, it makes sense to opt for a comprehensive motorcycle policy. A basic policy may not be sufficient in the event that your bike is totaled and needs to be replaced. When you sit down with a local agent who understands bikes, you can get the information you need to get the right policy at the right coverage level. Don’t leave your protection to chance, with a comprehensive policy, you will have the coverage you and your bike need!

Want to learn more about the benefits of a comprehensive motorcycle insurance policy? The folks at Idaho Select Insurance in Meridian, ID are here to help you navigate the motorcycle insurance selection process and determine which option is right for you. Give us a call today!

Why Everyone Should Be Thinking About Flood Insurance

Relying on the “official” flood maps produced by the Federal Emergency Management Agency (FEMA) may be a terrible mistake for many homeowners. FEMA creates these maps of flood zones, which are used by lenders to require homeowners to carry flood insurance to qualify for home mortgage financing.

The agents at Idaho Select Insurance, serving Meridian, ID and the surrounding area, can help with flood insurance coverage. You probably need this insurance, even if the lender does not require it.

Flood Maps are Out-of-Date

In 2017, Bloomberg reported that up to 80% of the FEMA maps were out-of-date and that FEMA was struggling to update the maps in the face of budgetary problems and the lack of sufficient staff.

The goal of FEMA is to update the maps at least once in every five years; however, due to the severe weather patterns caused by climate change, floods are now happening in areas that have not seen flooding for the past 100 years or sometimes up to 500 years.

The recent Midwest flooding destroyed millions of acres of farms that were, in some cases, tens of miles from the river banks.

Damage Caused by a Few Inches of Water

Flooding that enters a home of only a few inches of water does an enormous amount of damage to furniture, carpeting, flooring, sub-flooring, the foundation, and all the support system for the home that may include the electrical wiring. Once mold and mildew sets in, the only way to get rid of these problems is to rip everything out and put in new construction materials.

Coverage for Homes Not in a Flood Zone

The good news is that generally speaking homes that are not located in an official flood zone can usually get flood insurance by making a modest investment. Find out more about flood insurance for your home by contacting an agent at Idaho Select Insurance in Meridian, ID to get a quote for flood insurance. It is better to have flood insurance now for almost any home.