Does Commercial Insurance Cover Fire Damage?

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Commercial insurance in Overland Park, KS, can help you make repairs or keep your business running so you don’t have to shut down due to the costs of a crisis. Many insurance policies cover fires, but there are important details to understand before disaster strikes.

Covered Perils

Commercial insurance policies typically cover damage caused by a list of specific events, often referred to as “covered perils.” Fires, certain natural disasters, and theft are commonly included. This may also cover electrical fires. To understand the specifics of your policy, speak with an agent at HighPointe Insurance Services LLC.

Common Exclusions

Insurance companies often include exclusions that business owners should be aware of. For example, intentional acts by the business owner are not covered, and many policies exclude vandalism caused by a disgruntled employee. If you are dealing with an arson case, you may need a police report to prove that you did not intentionally set the fire.

Additional Insurance Options

While many commercial policies cover property damage and restoration, you may want to consider additional coverage options. Business interruption insurance can help replace lost income while your business is temporarily closed. Additional coverage can also help pay for inventory that is damaged or lost during the fire, reducing the financial impact. Property protection coverage ensures there is sufficient insurance for damages to the building itself.

An insurance agent at HighPointe Insurance Services LLC can guide you through the different types of insurance and help you choose the coverage that will keep your business financially stable in the event of a disaster. Contact us today to learn more. We proudly serve Overland Park, KS, and the surrounding areas.

Avoiding Force-Placed Insurance

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If you’re a homeowner in Overland Park, KS, you’ll want to avoid being faced with force-placed insurance from your mortgage provider. But what is force-placed insurance, and how can you avoid it? Here’s what HighPointe Insurance Services LLC wants you to know.

What Is Force-Placed Insurance?

If your home is financed, your mortgage company likely requires you to carry homeowners insurance to protect their financial interests. If you fail to maintain insurance coverage, the mortgage provider may purchase force-placed insurance on your behalf and add the cost to your mortgage payments.

The Downsides of Force-Placed Insurance

  • It’s expensive: Force-placed insurance can cost two to three times more than the insurance you can secure on your own.
  • It may not fully protect your property: Force-placed insurance typically only covers the lender’s interests, leaving you without coverage to rebuild or protect your equity in the event of a loss.
  • Risk of losing your home: Since force-placed insurance is added to your mortgage, failure to make timely payments could lead to foreclosure.

How to Avoid Force-Placed Insurance

Avoiding force-placed insurance is simple: maintain active homeowners insurance on your property. Keep your payments up to date, and ensure you secure new coverage if your policy is canceled or non-renewed. These steps can help you avoid the high costs and limited protection of force-placed insurance.

Contact HighPointe Insurance Services

If you’re a homeowner in Overland Park, KS, and are facing force-placed insurance, reach out to HighPointe Insurance Services LLC. We can discuss your options and help you get back on track with the protection you deserve.

Auto Insurance: Different Types Of Coverage

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Auto insurance is often required by state law, but minimum liability coverage may not be enough to protect you fully. Drivers in Overland Park, KS should understand the various types of coverage available to ensure they have the necessary protection for their vehicles and themselves. Here’s a breakdown of the key coverage options to consider.

Minimum Liability

Minimum liability insurance is the type of coverage typically required by law. It covers property damage and bodily injury for the other driver if you’re at fault in an accident. However, it does not cover damage to your own vehicle. Additionally, events outside of accidents—such as theft, natural disasters, or vandalism—are often excluded from this type of coverage.

Collision Coverage

Collision coverage provides protection if you’re involved in an accident with another vehicle or object, regardless of who is at fault. Some policies may also include coverage for accidents involving animals, such as hitting a deer. Speak with an agent at HighPointe Insurance Services LLC to confirm whether animal-related accidents are included in your collision coverage.

Comprehensive Coverage

Comprehensive coverage protects against damage to your vehicle from non-collision events, such as fire, natural disasters, theft, and vandalism. In some cases, accidents involving animals may fall under comprehensive coverage, as these incidents are beyond your control. This type of coverage offers broader protection for your vehicle.

Additional Coverage

There are several other types of coverage and add-ons available to enhance your protection. Underinsured motorist coverage, for example, protects you if you’re in an accident caused by another driver who doesn’t have sufficient insurance.

You can also opt for packages like roadside assistance, which provide benefits such as towing services, fuel delivery, and emergency tire changes. These add-ons can offer peace of mind and convenience in unexpected situations.

At HighPointe Insurance Services LLC, we’re here to help you understand the various types of coverage and find the right policy for your needs. Contact us today to learn more. We proudly serve the Overland Park, KS area.

Does Boat Insurance Cover Wreckage Cleanup?

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Boat accidents, much like car accidents, require cleanup and recovery efforts. However, instead of sweeping glass off the highway and towing away a car, someone must remove the wreckage from the water and tow the damaged boat. Planning for these scenarios before an accident occurs is essential.

Understanding Boat Insurance Coverage

Whether your insurance will cover wreckage removal depends on the type of policy you have and your insurance provider. Each company has different offerings. Some include wreckage removal as part of their standard liability coverage, while others require it to be purchased as an add-on.

Liability Insurance

Most boat owners in Overland Park, KS, opt for standard liability insurance for their vessels. This type of coverage typically includes bodily injury and property damage for a vessel you collide with. In some cases, liability policies may also include wreckage cleanup. To understand the specifics of your policy, consult with a professional at HighPointe Insurance Services LLC.

Physical Damage Coverage

Many boat owners invest in physical damage coverage to protect their property. This type of insurance covers damage to the boat caused by accidents or natural disasters. Some policies may also include wreckage cleanup as part of their standard coverage.

Add-On Coverage Options

Boat owners can purchase additional coverage to ensure they are fully protected in the event of an accident. Common add-ons include:

  • Wreckage removal
  • Fuel delivery
  • On-water towing
  • Hurricane towing (relocates your boat to a safer location if a hurricane is approaching and you’re not nearby)
  • Fuel spill cleanup
  • Mechanical insurance (covers the engine)

At HighPointe Insurance Services LLC, our experts can help you customize a policy to meet your specific needs, ensuring you’re prepared for situations like wreckage cleanup. Contact us today to learn more. We proudly serve the Overland Park, KS area.

Getting Appraisals before Getting Umbrella Insurance

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If you have a significant amount of property needing insurance, it might be easier to consolidate all of your property under one umbrella insurance policy. To do this, you need to take stock of your assets to determine the amount of umbrella insurance necessary. Check the liability coverage limits of your base insurance policies, as that will affect the value of your assets. Ideally, you should have enough coverage to equal your net worth, plus some additional coverage for future earnings and liabilities.

Appraise All Your Assets

Before getting umbrella insurance, you must have your assets appraised. This includes, but is not limited to, investments, savings, homes, and vehicles. Get an estimate of the full value. This will be crucial in determining what you require in an umbrella insurance policy. For comprehensive protection, you’ll need to consider any future earnings. You will also have to factor in how risky your lifestyle is. If you have any existing insurance policies, they will need to be reviewed closely. An insurance professional will be very helpful in providing the assistance you need at this time.

Contact HighPointe Insurance Services in Overland Park, KS

If you are in the Overland Park, KS, area and think umbrella insurance is right for you, please contact HighPointe Insurance Services LLC. We will connect you with one of our knowledgeable and helpful agents who will be dedicated to helping you find the insurance policy best suited to your unique needs.

Getting Appraisals before Getting Umbrella Insurance

Posted on by agentinsure

If you have a significant amount of property needing insurance, it might be easier to consolidate all of your property under one umbrella insurance policy. To do this, you need to take stock of your assets to determine the amount of umbrella insurance necessary. Check the liability coverage limits of your base insurance policies, as that will affect the value of your assets. Ideally, you should have enough coverage to equal your net worth, plus some additional coverage for future earnings and liabilities.

Appraise All Your Assets

Before getting umbrella insurance, you must have your assets appraised. This includes, but is not limited to, investments, savings, homes, and vehicles. Get an estimate of the full value. This will be crucial in determining what you require in an umbrella insurance policy. For comprehensive protection, you’ll need to consider any future earnings. You will also have to factor in how risky your lifestyle is. If you have any existing insurance policies, they will need to be reviewed closely. An insurance professional will be very helpful in providing the assistance you need at this time.

Contact HighPointe Insurance Services in Overland Park, KS

If you are in the Overland Park, KS, area and think umbrella insurance is right for you, please contact HighPointe Insurance Services LLC. We will connect you with one of our knowledgeable and helpful agents who will be dedicated to helping you find the insurance policy best suited to your unique needs.

Recreational Vehicle Insurance Add-On for Towing Essentials

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Understanding RV and Towing Insurance Coverage

If you foresee towing your recreational vehicle in the future, it’s crucial to ensure that you have adequate insurance protection for your RV and the towing equipment that you will be using.

RV Property Coverage

The first thing you should consider is the amount of insurance coverage you have for your RV. Because you will be transporting your RV, there is an increased risk of damage to your vehicle.

Property coverage will protect the walls, flooring, and other materials of your RV. It can also protect furniture, appliances, and other essentials that are permanently stored in your RV.

Towing Equipment

Your recreational vehicle insurance policy can protect the towing equipment that will be used to transport your RV. If you are involved in an accident while you are actively towing the RV, the insurance coverage will protect damaged towing essentials.

This type of coverage can also protect against damaged or stolen towing essentials when your vehicle is parked. If you have your RV hooked up to the towing equipment, any items that are covered by your insurance policy will be protected.

Roadside Coverage

Your towing equipment could become damaged while en route to your final destination. If your trailer encounters a flat tire or an electrical problem, you may need to pull off the road. Access to roadside coverage designed for RV owners will allow you to seek emergency mechanical repairs as needed.

Consult with an Agent Who Serves Overland Park, KS

If you are ready to upgrade your RV insurance policy, do not hesitate to contact one of our agents. Schedule an appointment to consult with an agent from HighPointe Insurance Services LLC.

The Role of Condo Insurance in Fire, Smoke, and Mold Protection

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Owning a condo offers many benefits, from shared amenities to lower maintenance responsibilities. However, it also comes with unique risks, especially when it comes to fire, smoke, and mold damage. At HighPointe Insurance Services LLC, which provides insurance products throughout Overland Park, KS, we help condo owners understand the importance of having the right coverage to protect their homes and belongings from these common threats.

Fire and Smoke Damage: Are You Covered?

Fires can spread quickly in a condo building, and even if your unit isn’t directly affected by flames, smoke damage can be just as devastating. Condo insurance typically covers repairs to your unit’s interior, including walls, flooring, and fixtures, if they’re damaged by fire or smoke. It also helps replace personal belongings that may be lost in the fire. While your condo association’s master policy may cover structural repairs, it won’t protect your personal space or belongings—that’s where your individual condo insurance comes in.

The Hidden Dangers of Mold

Mold is a silent destroyer, often creeping in after water damage from a leak, burst pipe, or even firefighting efforts. Standard condo insurance policies may cover mold removal if a covered peril, such as a sudden plumbing issue or storm damage, causes it. However, mold resulting from long-term neglect or humidity issues may not be included. Understanding your policy’s coverage limits can help you take the necessary precautions before damage occurs.

Protecting Your Investment with the Right Coverage

Having the right condo insurance ensures you’re not left with unexpected costs after an incident. At HighPointe Insurance Services LLC, serving the Overland Park, KS area, we’re here to help you find a policy that fits your needs. Contact us today to secure the protection your condo deserves.

Does your college student need renters insurance?

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At HighPointe Insurance Services LLC in Overland Park, KS, we assist local families in addressing their evolving needs for various insurance products, including renters insurance.

You may need renters insurance while building a home, downsizing, or if you have a college student renting living space while at school. Renters insurance is often overlooked for college students, but it’s an ideal example of when this insurance should be utilized. Here’s how and why renters insurance can work for your college student.

What Does Renters Insurance Cover?

Renters insurance generally covers the policyholder’s personal possessions, such as furnishings, clothing, electronics, housewares, bedding, etc. Some personal electronic devices may be excluded. It also typically includes liability coverage should someone become injured while renting a property. Many renters’ insurance policies also cover personal belongings while traveling.

What Renters Insurance Doesn’t Include

Renters insurance does not include coverage for the building or structure. It may also exclude some personal electronics.

Who Renters Insurance Protects

Renters insurance only covers the policyholder’s personal belongings, so roommates should each have their own policies.

Is Renters Insurance Expensive?

Renters insurance is very affordable. Many families are surprised by how inexpensive it can be.

Get More Details

If you live in the Overland Park, KS, area and have a student who will be renting while attending college, contact us at HighPointe Insurance Services LLC. We can answer your questions and provide a quick quote. We look forward to assisting you.

Seasonal Boating Insurance Considerations in Overland Park, KS

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Preparing and protecting your boat seasonally in Overland Park, KS can help reduce insurance premiums yearly, whether you’re a recreational or professional boater. Enthusiasts who understand how seasonal changes can impact insurance needs and boating habits are less likely to encounter coverage insufficiencies due to a boating accident, theft, or weather-related damage.

Considerations

When investing in a boat in Overland Park, Kansas, it’s crucial to keep the following seasonal considerations in mind, especially when choosing or renewing a boating insurance policy for your vessel or watercraft:

  • Summer Coverage Considerations: Consider physical damage coverage from events such as storms or collisions and uninsured boater coverage. Uninsured boater coverage protects you from an accident caused by another boater on the water. Liability coverage is always recommended during the summer, as it protects you from being held financially liable for accidents or injuries. Working with an agency such as HighPointe Insurance Services LLC can help you find adequate coverage for your boat year-round.
  • Winter Coverage Considerations: If you plan to winterize and/or store your boat for the off-season in Overland Park, you may want to consider lay-up endorsement options. Lay-up endorsements provide lowered premiums during specific months when your boat is no longer in use or in protective storage. You may also want to consider vandalism and theft protection for your boat, even if it’s in storage.

If you’re interested in guidance regarding seasonal discount options, upgrades, and tailored policies that will protect your boat during the on and off-season, HighPointe Insurance Services LLC can help. For assistance with claims related to off-season incidents and weather, turn to HighPointe Insurance Services LLC. For more information regarding seasonal boating insurance considerations you should keep in mind as a boater in Overland Park, KS, contact HighPointe Insurance Services LLC today.