Umbrella insurance is a unique type of coverage that adds to the coverage that you have in other policies. When you have auto and home insurance, it’s possible that you don’t have enough coverage in case of a serious accident. That’s where umbrella insurance steps in and gives you the coverage you need. If you want umbrella insurance, call us at Bronson Insurance Services in Oak Creek, WI to find out more.
Umbrella Insurance: What You Need To Know
Your Home and Auto Policies
Having home and auto insurance policies keeps you protected in many ways, but they often don’t give you as much liability protection as you need. When serious accidents happen, you can expect extremely high medical bills to become due, and your home or auto insurance may not be able to pay them all. When this happens, you will have an overage that you are responsible for paying. That’s why getting umbrella insurance is so important. It gives you more liability protection for both of those policies so that you are far better protected.
How It Works
When you have an umbrella policy on top of your home and auto policies, the umbrella policy adds extra liability coverage so that any overages can be paid. The home or auto policy comes in first after an accident has happened. The policy will then pay for the medical bills and other costs up until the policy reaches its maximum. Then, the umbrella policy steps in and pays the rest so that the overage is covered. Umbrella policies have extremely high maximums, so it’s unlikely for any bills to be left after an umbrella policy has been paid.
Get Your Umbrella Policy
When you want better protection against liability, it’s important to have an umbrella policy. To find out more about them, call us at Bronson Insurance Services in Oak Creek, WI.
Flood insurance is a coverage that we at Bronson Insurance Services offer our many Oak Creek, WI customers. However, we know that some customers may want different types of policies or coverage options. Do flood insurance policies differ significantly or are they pretty similar?
Flood Insurance is Fairly Uniform
The federal government typically demands uniform flood insurance policies between different companies to ensure that citizens receive enough protection. As a result, you don’t find many variations between what policies do and don’t cover, as most cover everything a flood triggers.
The prices between different providers are typically also fairly uniform and only change depending on what level of coverage you purchase. While some regions may have specific minimal flood insurance policy requirements, others may have higher requirements or none at all. As a result, it is important to do a little shopping and compare first.
Differing Coverage Options
While federal regulations keep flood insurance fairly similar between the varying providers, it is also true that they do have a few differences. Chief among these variations is the overall coverage you receive. Simply put, some policies will let you choose how much money you want to receive.
Note that paying for higher coverage will also increase your premium costs. However, if you live in a high-risk flood area, you may be required by law to hold one of these higher-premium policies. Thankfully, relief programs may provide you with some compensation for these policy costs.
Give Us A Call
As you can see, flood insurance policies are typically fairly uniform and don’t vary a lot between insurance companies. That’s because they’re federally regulated in ways that others are not. If you’re curious about your options for Oak Creek, WI, call us at Bronson Insurance Services today.
When it comes to protecting your condo, proper insurance is a must. But with so many different policies on the market, how do you know which one is right for you? Bronson Insurance Services in Oak Creek, WI offers this guide on what to keep in mind when shopping for condo insurance.
What to Look for in a Good Condo Insurance Policy
1. Coverage Limits
The first thing you’ll want to consider when shopping for condo insurance is the coverage limits. You’ll want to make sure that your policy covers the full value of your personal belongings and any improvements or upgrades you’ve made to your unit. If you have valuable items, such as jewelry or art, you may need to purchase additional coverage to protect them.
Your deductible is the amount you’ll have to pay out-of-pocket before your insurance policy kicks in. When shopping for condo insurance, you’ll want to consider how much you’re comfortable paying out-of-pocket in the event of a claim. Remember while higher deductibles could mean you pay lower premiums, it also means more financial risk if you have to file a claim.
3. Policy Exclusions
It’s important to be aware of what your condo insurance policy does and does not cover. Most policies exclude damage caused by flooding, earthquakes, and other natural disasters. So, it’s important to read the fine print and make sure you’re aware of any exclusions before you purchase a policy.
4. Guest Medical Protection
If you have guests over, you’ll want to make sure they’re protected in case of an accident. Guest medical protection will cover the medical expenses of anyone who is injured while on your property. This is important to consider if you entertain often or have young children who have friends over frequently.
5. Optional Coverages
There are a number of optional coverages available with condo insurance, such as loss of use coverage, which pays for your living expenses if you’re unable to live in your unit due to a covered disaster. You’ll also want to consider whether you need personal liability insurance to protect yourself from lawsuits if someone is injured while visiting your home.
Get Condo Insurance in Oak Creek, WI
When shopping for condo insurance, it’s important to consider your coverage needs and choose a policy that provides the right amount of protection. Bronson Insurance Services offers a variety of condo insurance policies to meet your needs. Contact us today to get a quote.
Think of life insurance as a safety blanket for your loved ones to replace your lost income should you pass away prematurely. Bronson Insurance Services in Oak Creek, WI can assist you with any questions you may have.
How much life insurance do I need?
When it comes to determining how much life insurance to purchase, there are two methods to follow.
The first, is to simply take your income and replace it by the number of years that you wish to replace it for – usually 10 to 30. Whatever figure you land on is how much life insurance to purchase. While this method is fast, it can be easy to purchase too little life insurance, so you should estimate higher than you think.
The second method, known as DIME, is calculated via the following:
- Debts: Add any outstanding debts, not including your mortgage, which is highlighted below, such as student loans and credit cards. These are debts that your family is likely to be responsible for when you pass away.
- Income: Take your current income and multiply it by the number of years that your family will depend on it.
- Mortgage: Add the information from Debts and Income with the remaining balance on your mortgage.
- Education: If you are paying for your children’s education or someone else’s, add the anticipated cost to the figures above.
Once you’ve arrived at your DIME figure, you’ll find the sweet spot for how much life insurance to buy. Unlike the income rule, the DIME method is far more comprehensive and likely to result in a more accurate number.
For more information on life insurance and help with finding the right policy for your needs, give Bronson Insurance Services in Oak Creek, WI a call.
We’ll schedule a no-obligation consultation to review your options and answer any questions that you have.
Bronson Insurance Services is proud to serve all of the insurance needs of the larger Oak Creek, WI community. If you have any questions about the insurance regulations affecting our state, give us a call today.
Staying on top of WI auto insurance regulations
When it comes to regulations, the insurance industry is one of the most affected. In fact, it can be difficult for WI citizens to stay on top of what is going on! Here are a few things to remember when it comes to WI auto insurance regulations:
- Our state legislature will need to vote to approve any changes to the current regulations that are in force. Additionally, there is usually a lot of discussion about any such proposed changes well before they reach the state government.
- Between the passing of any new insurance regulations, there is a period of time before the changes are implemented. This means that when new changes are voted into the state mandate, or changes are made to current regulations, there is a sizable length of time before these changes are enacted.
- Working with a local agent can help you stay on top of any and all changes that can affect your insurance needs. We recommend working with someone who takes the time to review your current policies on a regular basis. This way, they can help you to determine if any changes may need to be made.
We are here to help you!
Oak Creek, WI residents can count on the team here at Bronson Insurance Services for all of their insurance needs. We are also here to answer any questions that you may have or address any concerns. Give our office a call today and schedule an appointment to learn more.
If you are the owner of a business, then it’s likely that you have poured your blood, sweat, tears and money into ensuring success. Consequently, having the right commercial insurance is of paramount importance because it can be the difference between salvaging your business during a disaster and losing it all.
Specific to Wisconsin, businesses are required to carry two types of insurance – workers’ compensation and commercial auto insurance. Bear in mind that just because these are the only two insurances required does not mean that you shouldn’t consider supplementing your policy with additional coverage.
For starters, workers’ compensation insurance is required for any business that employs three or more people – regardless of whether they are full or part-time. Workers’ compensation insurance is a policy that pays for medical bills that are the direct result of workplace injuries and illnesses. Additionally, the liability insurance included within this policy helps protect the business if an employee sues because of the injury. Next, commercial auto insurance is required on any business-owned vehicles in Wisconsin with the following minimum requirements for auto liability coverage:
- $25,000 Bodily Injury Liability Per Person
- $25,000 Bodily Injury Liability Per Accident
- $10,000 Property Damage Liability
- $25,000 Uninsured Motorist Coverage Per Person
- $50,000 Uninsured Motorist Coverage Per Person
In addition to these required coverages, Wisconsin businesses may want to consider additional protection offered through policies like cyber liability coverage, professional services coverage, and general liability insurance.
At Bronson Insurance Services in Oak Creek, WI our friendly and knowledgeable team of insurance professionals can help answer your commercial insurance questions. Give us a call or stop by our office to learn more today.
Bronson Insurance Services assists the Oak Creek, WI community. We recognize that a disaster may occur at any time. That’s why we are committed to helping our clients find the coverage they need to protect their assets. We offer multiple types of coverage so that our clients are protected in any situation. We look forward to helping you cover what’s most important.
Does Home Insurance Cover Working From Home
Your Oak Creek, WI home is one of your most prized possessions. Home insurance helps you protect your asset. Your personal items inside the home are covered if something happens to them. The structure of your home is covered against potential damages. This helps alleviate stress if an accidental fire starts in your home or a tornado moves into the area and causes damage. Liability coverage is also an important part of your policy. You are covered if you invite a guest over, and they suffer an injury on your property. Liability coverage also protects your pets if they cause accidental damage to your neighbor’s home.
Working from home continues to grow in popularity. If you are currently working from home, home insurance doesn’t automatically cover your business. You’ll have to amend your policy to cover both your business and any necessary equipment. Amending your policy to add extra property coverage protects you if any of your work-related equipment is damaged or stolen. You are also covered if something happens to your home office. You should add extra liability coverage because working from home does carry some risks.
Bronson Insurance Services Will Help You Protect Your Assets
Visit our website to learn more information about home insurance.
The transport sector is quickly expanding — the demand is rising, and customers are asking for faster shipping times. As pressure grows, the error rate increases, putting the transport industry on edge. Luckily, the transportation sector can cushion itself with transportation insurance. Don’t know much about transportation insurance? Hang on as Bronson Insurance Services of Oak Creek, WI, sheds more light on this coverage.
What is transportation insurance?
Transportation insurance protects those who are in the business of moving goods. Transportation insurance can apply to individual businesses but is widely used in commercial companies transporting goods locally and internationally. It covers goods while being transported on land, air, or water. Ultimately, you may need transportation insurance if you are in the below categories:
- Retailers and wholesalers
- Importers and exporters
- Freight forwarders
- Common carriers
- Multinational companies
What does transportation insurance cover?
When you are handling goods on behalf of others, a lot can happen. It could be damage or theft of goods. Thankfully, you don’t have to bear such losses if you have transportation insurance. Generally, this coverage provides the below protection:
- Covers theft or damage to goods: Whether the goods are in storage or transit, transportation insurance covers damage or loss to these goods. Businesses that have inventories should ensure that the logistics company has invested in this insurance as it offers security and financial protection should losses occur.
- Liability protection: Should your truck or moving vehicle cause bodily injury or property damage to other people, transportation insurance should come to your rescue. Because liability claims can be expensive, especially when lawsuits are involved, investing in transportation insurance is the best thing you can do for your business.
Ready to get started with transportation insurance in Oak Creek, WI? Please get in touch with Bronson Insurance Services for an affordable quote.
Bronson Insurance Services provides coverage to the Oak Creek, WI community, as well as the surrounding areas. We strive to make sure that our clients find the coverage they need to protect their assets. We take a personalized approach to finding coverage. We understand that each of our clients has unique circumstances. We are confident that we can help you find a custom policy that aligns with your needs.
Motorcycle Insurance Guide
Motorcycle riding is a popular hobby. However, it can be dangerous depending on the conditions. You have to be aware of the other riders, as well as unique road conditions. An accident can happen at any moment. Motorcycle insurance protects you if something goes wrong.
The foundation of the policy is a liability, collision, and comprehensive coverage. Liability coverage protects you if your motorcycle is responsible for injuring someone or causing property damage. Collision coverage protects you if your motorcycle is damaged due to an impact with another vehicle or an object such as a wall or tree. You can rely on comprehensive insurance if your motorcycle is stolen or suffers damage due to inclement weather. If you have a passenger with you, and they suffer an injury, you can rely on personal injury protection to cover their medical treatment.
Options To Consider
You can amend your motorcycle insurance to cover you in unique situations. If you are taking a trip out of Oak Creek, WI and your motorcycle starts having problems, roadside assistance will protect you. You will receive immediate towing service of fuel if your motorcycle ran out of gas. You should also consider adding extra coverage if you have installed any custom parts or accessories to your motorcycle. This is the only way to ensure that you are fully protected if your custom motorcycle suffers damage or your parts are stolen.
Bronson Insurance Services Will Help You Protect Your Assets
Visit our website to learn more information about motorcycle insurance.
Renters in Wisconsin are lucky to be living in one of the most affordable states for renters in the United States. With an average rent of $954, 39 states are more expensive. There is no requirement under the law to have renters insurance and 60% of people don’t have it. That is surprising considering what good value it is. At Bronson Insurance Services in Oak Creek, WI, as an independent insurance agency, we work for our customers to make sure they understand the value they are getting for their insurance dollars.
Renters insurance is not well understood and most people have a lot of questions about it.
Doesn’t my landlord have insurance?
Undoubtedly they do but their insurance covers their building. It does not cover your personal property or protects you if someone visiting you is injured in your rental.
What kind of content coverage does renters insurance offer?
With renters insurance, you have two choices of content coverage. You can choose actual value or replacement cost. It depends on how much of your property you want to replace. Replacement cost is what it would cost to buy your possessions today, no matter how old they are. Actual value takes depreciation into account.
Will renters insurance give me money for a place to stay if my rental is damaged?
Loss of use is typically included in renters insurance. As always, be sure to read your policy to make sure you understand what it provides.
Will my renter’s insurance cover me if my dog bites someone?
As long as your dog is not a breed that is excluded from coverage, it should be considered a member of your family and covered under your liability coverage.
At Bronson Insurance Services in Oak Creek, WI, we have the information you need to decide if renters insurance is something you could benefit from.