What Are the Benefits Of Installing A Car Alarm?

Car alarms are a great way to protect your vehicle from theft and vandalism. The agents of Idaho Select Insurance serve residents who live in or near the Meridian, ID area. Agents often recommend installing car alarms in vehicles if one was not already installed by the manufacturer. Individuals who travel for work or who often carry valuables in their car will benefit from having an alarm professionally installed.

Prevents Theft and Possible Damage

A car alarm will go off anytime someone attempts to compromise the integrity of your car. The loud alarm is often enough to scare away any would-be thieves who are trying to find valuables inside the car or steal the car itself. Most car alarms are controlled by a key fob remote that allows you to lock, unlock, or even start your car from a distance. This allows you to secure your vehicle once you have made it safely into your home.

Discounted Premiums

Having a car alarm in place reduces your risk of theft dramatically. When a car is secured by a professionally installed alarm, insurance companies will sometimes offer a discounted premium. With the risk of loss reduced, insurance agents can sometimes make their policies more affordable through discounts as long as the vehicle owner qualifies.

If you have questions about how a car alarm can help protect your vehicle, call the agents of Idaho Select Insurance. They serve residents who live in Meridian, ID and many of the surrounding communities. They can offer a variety of tips and suggestions to help keep you and your car as safe as possible. 

 

Who Is Liable If the Landlord Damages Your Property?

The agents of Idaho Select Insurance have years of experience when it comes to renters policies and other types of property insurance. Residents who live in the Meridian, ID area need to understand what their policies cover and who is liable for certain types of damages if they occur. In some cases, the landlord may be ultimately responsible if items are broken inside the apartment.

Renter’s Insurance

Your renter’s insurance is written to cover your possessions if they are damaged and destroyed by fire or other means. In most cases, your policy will cover a wide variety of damages, including broken items or things that need to be repaired. It also carries some degree of liability protection in case someone is injured while visiting your apartment. This includes the landlord if the injury was caused by something that you could have possibly prevented.

Commercial Insurance

On the other hand, if the landlord enters your apartment to perform an inspection or to make repairs to the plumbing or an appliance and is injured in the process, their commercial insurance will cover the costs. Their insurance will also be responsible if they are in your apartment and they break something of value. It will be up to you to make sure a claim is filed in a timely fashion in case a deadline needs to be met.

At Idaho Select Insurance, the agents can answer questions concerning many different types of insurance policies. If you live in the Meridian, ID area and are curious about what your renter’s insurance covers, call and schedule an appointment with your agent today!

Can You Add Motorcycle Insurance to a Home Policy?

We all know that there are endless benefits to bundling your insurance policies with one agency. Bundling home and auto and even in some cases, life insurance, can save you hundreds each year and can help you to spend less on something that you have to buy anyway. That being said, there are a ton of different policy types that can be bundled, you just have to ask. For those that live in the Meridian, ID area, the agents with Idaho Select insurance can help you to create the perfect insurance bundle.

Adding things like motorcycle policies to your auto policy is fairly common, adding them to your home policy may not be as common. It is still completely possible, however. If you have a home policy and a motorcycle policy odds are you will be able to bundle the two into one policy. This helps to reduce the number of monthly payments you have to make and can also help reduce the cost as well. Bundling policies saves you money for one simple reason, insurance companies want your business. If they have a home policy with you that is great if they can have a home and a motorcycle policy that is even better.

By allowing you to have a discount and bundle these policies they are still making money and they are enticing you to use their service. Bundling a motorcycle and home policy is a great way to save money and to help make the entire process of paying your insurance each month simpler. For those in the Meridian, ID area, the agents with Idaho Select Insurance can help you find the perfect bundle for your needs each and every time with no problems or issues to speak of.  

3 Tips for Buying Umbrella Insurance in Meridian, ID

Umbrella insurance is supplemental insurance that you can add to any insurance policy.  For example, if you own a home in Meridian, ID, you could purchase umbrella insurance to cover those things that a typical homeowners policy does not cover, like someone getting injured on your property.  At Idaho Select Insurance, we recommend you follow these three tips before purchasing umbrella insurance.

1. Bundle Insurance Policies

If you want to save money on umbrella insurance, one way is to bundle your insurance policies under one insurance company.  If you own a home, car, boat, or any other asset that needs to be insured, you can bundle it all together and save money.

2. Compare Quotes

When shopping for any type of insurance, it’s important to compare quotes before making a decision.  When working with an insurance agent, you will be able to narrow down umbrella insurance quotes to two or three and look at the fine details to find the right coverage for your particular situation.

3. Work with a Reputable Agent

It’s best to always work with an agent rather than trying to figure everything out yourself when it comes to buying umbrella insurance in Meridian, ID, but be sure the agent is reputable and experienced, someone who has many satisfied customers during their career.

At Idaho Select Insurance, all of our agents are experienced and reputable. They are always available to help you sort through insurance quotes and answer any questions you may have.  If you’re considering buying umbrella insurance to add to an existing policy, contact our agents today.  They are friendly and knowledgeable and will guide you in the right direction.

When Flood Insurance is Needed…Even If You Aren’t in a Flood Plain

As homeowners, we purchase policies that protect us should an unexpected event damage or destroy our homes.  However, we often do not consider purchasing flood insurance unless the mortgage lender requires it.  Homeowners policies do not cover damage related to a flood event.  To help citizens recover from floods, Congress created the National Flood Insurance Program (NFIP) in 1968.  For homes located in high-risk flood zones, carrying the additional flood insurance policy makes sense.  But what if your home is not in a high-risk area?  Is flood insurance still necessary?

In reality, every home is at some risk for a flood event.  Flooding damage can be financially devastating.  For instance, it has been calculated that one foot of water in a 1,000 square foot home will cause $27,150 damage on average.  Given the potential, homeowners in moderate and low-risk areas often reconsider purchasing flood insurance.  Flood insurance is also available for renters to cover the contents of their apartments and personal property.  

The team at Idaho Select Insurance works with homeowners throughout the Meridian, ID area.  They understand the needs of residents and can help you get the coverage you need.  They will be happy to review your current homeowner’s policy to ensure that you have the appropriate amount and types of coverage.  Also, they can help you understand the amount of flooding risk your property has.  They know the level of flood risk in the different Meridian ID areas, so they can help you identify your level of risk.  They will also provide information on coverage options that are available to you.  The team at Idaho Select Insurance are your partners.  Get the information you need and the coverage you deserve.  Call them today!

3 Factors to Consider When Buying Life Insurance

Life insurance is one of the most important parts of financial planning for the future, but understanding about life insurance and buying the right type can be confusing. While it is necessary to rely on the experience and recommendations of your Idaho Select Insurance agent, it is also a good idea to do your own research. Here are 3 factors that you should consider before buying life insurance.

Why You Need Life Insurance

The majority of people want to plan for their family’s future and their financial security. Unfortunately, it’s difficult to think that part of this process includes ensuring that your loved ones are supported in the event of your death, a spouse’s death or the death of a parent. Life insurance provides protection is several different ways, such as helping with the funding of your retirement or paying for college educations or the mortgage in Meridian, ID. It is also one of the prime components of estate planning.

How Much Life Insurance Do You Need?

There are several factors that you’ll need to consider when deciding the right amount of insurance for you and your family. It’s also important to keep in mind that this may change as you age. It is essential that you understand the policies, purpose, benefits, premiums and ultimately the ideal insurance for your specific situation. A few things to consider when determining how much insurance is enough includes:

  • If you still have a mortgage and the length of the mortgage
  • The amount of money your family will need live comfortably should you pass away
  • The cost for legal and financial assistance to manage your estate
  • How your burial expenses will be paid
  • Will your passing create an estate tax burden for your loved ones

Which Type of Life Insurance is Best for You?

Once you have to decide how much life insurance you need, the next part of the process is deciding which type is right for you. The options for life insurance include:

  • Term life-which means the policy, provides protection for a specific period of years. If you pass away during the time period, the value of your policy will be paid to your beneficiaries.
  • Whole life-a long as you continue to pay the premiums, a whole life insurance policy will remain in effect throughout your lifetime. Whole life insurance policies can often be used as collateral for a loan and in some situations; you can receive cash payments while you are still living.
  • Universal life-universal life insurance also provides permanent life insurance protection, but if you can choose the amount of protection best suited for your family, you and/or your business. The amount of coverage can be increased or decreased as your needs change.

Keep in mind that the cost of life insurance premiums is based on various factors, such your age, tobacco use and your overall health.

Meridian, ID residents interested in purchasing a new life insurance policy or reviewing their current policy should contact Idaho Select Insurance.

What Does Your Home Insurance Policy Not Cover?

You may think that your homeowner’s insurance policy will cover any damage to your home in Meridian, ID, but that’s not the case. If you want certain things covered, you will have to add additional insurance. An agent at Idaho Select Insurance can help.

Your homeowner’s insurance policy won’t cover damage by certain events, like floods, sinkholes, and earthquakes. You will need separate policies for each of these events. Since policies don’t cover floods, it will usually not cover any sort of standing water, whether a storm or a broken pipe causes it.

Termites are not covered by homeowner’s insurance and they can cause a lot of damage to the home.

Certain items in your home may not be covered or cause your home insurance rates to be higher, such as a pool or a trampoline. Certain dog breeds may also not be covered by insurance because they pose too much of a risk. If your dog has previously attacked someone, then they also pose too much of a risk and won’t be covered.

If you are having work done on your house you need to make sure your contractor has liability insurance, and you may want extra coverage since damage due to construction likely won’t be covered.

Many policies will have limits on coverage, especially for very expensive items like jewelry and fine art. For these items to be covered, make sure you have additional terms in your policy.

If you are keeping cash in your home, you may not be able to prove that the cash is in your home if it’s stolen, so your policy likely won’t cover it.

Some home insurance will cover mold, but this can be tricky. It depends on how the mold was caused to see if it is covered.

Contact Idaho Select Insurance serving Meridian, ID to get a homeowner’s insurance policy quote.

Does Renters Insurance Cover All of the Renters in One Home?

If you are renting an apartment or a home and have roommates, you may find yourself wondering if a renters insurance policy covers all of the roommates in the home or just one person. This is a question that we at Idaho Select Insurance, serving Meridian, ID, are often asked. Here is information you will want to know if you are in this situation. 

Does Renters Insurance Cover One Person or the Whole Household?

Renters insurance policies can be written to cover one person residing in a shared home or apartment, or everyone residing in a shared home or apartment. It all depends on who is listed on the coverage page. 

What Are the Benefits of Sharing a Policy?

Often times, you share items with your roommates. You may have each paid half toward the couch or the television, or you may share pots and pans. Sharing an insurance policy makes it easy to divvy up the money in the event of a qualifying event. Sharing a policy can also be cheaper than buying individual policies unless one roommate has prior claims on their history. 

What Are the Disadvantages to Sharing a Policy?

The disadvantages to sharing a policy is that the check will come in all of the roommate’s names, which makes it challenging to divvy up the money. Also, one roommate may suffer a loss, and the others may not. But if a claim is filed, it counts against all of the roommate’s history in the future for obtaining renters insurance. 

If you are looking to purchase a new renters insurance policy, either for yourself or for everyone who resides in the home, Idaho Select Insurance, serving Meridian, ID can help you. Contact us today to receive quotes for various insurance policies and determine which is the best one for you. 

Even Renters Need a Home Inventory

If you are renting in Meridian, ID, you may own fewer possessions than those who have lived in the same home for decades. However, even though you do not own a home, you still should create a home inventory. Wise renters take out a renters insurance policy from Idaho Select Insurance, protecting their valuables in case of fire or theft. However, for the insurance company to pay for items that are damaged or stolen, you have to document what you owned to begin with. 

Creating a home inventory when you rent is exactly the same as when you own a home. You basically want to show evidence of what you own. First, make a list of each room in your home, and then make a list of all of the items in each room. A video camera or digital camera are handy tools when creating a home inventory. While you are listing your possessions, you can video or photograph them. You should record brand names and serial numbers. If you have receipts, clip them to the home inventory. Even if you do not have receipts, you should still attempt to recall the amount that you paid for your things. Be as honest as you can, because if you do need to file a claim, the agent needs to be able to rely on your integrity. You don’t want to make him doubt the estimates of your other claims.

When your home inventory is complete, create several copies. Store one electronically on a Cloud-based online server, so you can access the inventory from anywhere.  Additionally, you will want a paper copy stored in your home. A safe deposit box is a good place to store a third copy. 

Update your home inventory once a year with a date that you can easily remember like New Year’ s Day or your birthday. Once you’ve made your initial home inventory, it only takes a few minutes to update it on an annual basis. 

If you need renters insurance in the Meridian, ID area, contact Idaho Select Insurance.

 

Why Boat Insurance is Needed Year Round

You may be wondering if you have a boat if you need to keep it insured year round, even if you are only using it a few months out of the year. There are a few reasons why boat insurance is needed year round.

There is Still Risk Out of Water

Boat insurance should cover your boat from fire, vandalism, or theft, which may happen even when you aren’t in the water. In order to protect your investment, you will want to be insured at all times.

There is No Off-season for Mother Nature

Even when your boat is in storage you will want to keep it insured because it could still be at risk of flooding or fire. Without boat insurance, you likely won’t be able to fix or replace your boat in the event of a natural disaster.

Your Homeowner’s Policy Won’t Cover Your Boat

You may think that your boat would be covered under your homeowner’s policy, but that policy likely only covers your boat for damage on your property and even then it might not be enough coverage.

You May Save Money by Keeping the Policy Year Round

You will usually get rewarded if you have an accident-free year, so if you keep canceling your insurance policy every winter you won’t build up that loyalty with the insurance company and you may end up paying more when you renew the policy or if you need to pay your deductible. Idaho Select Insurance, serving Meridian, ID, will be able to help you with a quote on a policy.

Even though there is no law requiring carrying boating insurance in Idaho, many lenders do require it and that insurance may need to be valid for the entire year to protect the investment.

Contact Idaho Select Insurance, serving Meridian, ID, to get a quote for boat insurance and keep your boat insured year round.