4 Questions About Home Insurance

When you buy a home in the Salt Lake City, UT area, you’ll want to insure it the right way. Many homes have to be insured because the mortgage company requires it, but even if you don’t have a mortgage, it’s still generally a good idea to have insurance on your home. At M8 Insurance, our agents can help you choose the home insurance coverage that’s right for your needs. Here are four questions you may want to ask about home insurance, to make sure you’re getting the best coverage for your specific situation. Asking the right questions can help add to your peace of mind.

  1. How do you know how much coverage you should get?
  2. What are the different levels of homeowners insurance coverage?
  3. Are there important exclusions that you should know about?
  4. How often should you look over your policy and potentially update it?

It’s important to be an informed consumer, and when you own a home having knowledge of how to care for it properly is even more significant. You don’t want to make mistakes with the level of protection you have on your home. Instead, working with an agent can help reduce your risk.

At M8 Insurance, we can work with you to make sure your Salt Lake City, UT home is covered thoroughly and properly, without giving you a lot of coverage you may not need or want. Reach out to us today, and let us help you get the peace of mind and strong insurance protection you’re looking for. Whether you’re buying a new home or you just want to protect the one you have, we can meet your needs. Speak with one of our agents to get a quote and learn how you can get started on a policy. Also, try our online rating tool to get quotes from home on a home insurance policy.

What does my renters insurance cover?

If you rent in Salt Lake City, UT, you may not be aware of all the protections renters insurance can offer. Even though the property itself will be insured by the property owner, your landlord’s insurance will not cover the loss of your personal possessions in the event of a fire, burglary, or other events like vandalism. When you own furniture, clothing, appliances, and other items, it can be difficult to replace them all at once. A renters insurance policy from M8 Insurance can protect you from that kind of loss.

Your renter’s insurance policy will cover all the kinds of belongings listed above, up to the stated policy limits. If you own something particularly valuable, like stereo equipment or jewelry, you may want to purchase a policy with a higher limit or get an umbrella policy that will cover large losses.

Renters insurance doesn’t just help you replace your lost or damaged items; it can also protect you if someone who is visiting your property is injured and sues you. While sometimes the owner will be responsible, the renter may also be found responsible depending on the circumstances. If your rental is damaged to the point that you cannot live there, your renter’s insurance policy can help pay for you to find a place to live. Your coverage will pay for reasonable alternative living arrangements so that you have a place to stay temporarily.

A renters insurance policy in Salt Lake City, UT is less expensive than most people imagine it to be because it will cover only the personal possessions of the renter. If you would like to talk about insurance for yourself or a loved one, please contact M8 Insurance.

Protect Your Investment With RV Insurance

Your RV is a great way to travel the country and do it at your own pace. You don’t have to search for hotels or plan everything ahead. You can just go when you want, stop when you want, and enjoy life as you see fit. An RV is also a sizable investment, which is why you need to look to protect it. With the help of M8 Insurance, whether you live in Salt Lake City, UT or the surrounding communities, you’ll have access to the kind of coverage you need to protect your RV investment.

Insurance When You Need It

The thing about your RV is you likely don’t drive it all year. There are times where you keep it in storage or off the road due to weather. With RV insurance, it’s possible to protect your vehicle during certain times of the year. This way, you pay for full coverage when you need it and can switch to a storage coverage when you don’t. All this helps you save money while also protecting your investment. 

Protect Your RV While on the Road

Your RV is like any other motor vehicle. It is just as accessible as other vehicles for sustaining automotive damage. However, unlike other vehicles, there are living elements within the RV which need to be considered whenever it comes to insuring the vehicle. That’s why going over the different RV insurance options is a must to find what fits your budget and RV needs.

Whether you live in Salt Lake City, UT or a nearby community, make sure to contact M8 Insurance for your RV insurance needs. If you are in another state, please contact us to learn more about your states specific laws and requirements. Our agents can work with you to walk you through the insurance process and help answer any questions you may have.

When Can You Claim Motorcycle Insurance?

Riding a motorcycle comes with its share of benefits and risks. For instance, having a motorbike offers you the much-needed convenience especially if you are living in areas with sparse parking spaces. However, riding a motorcycle in Salt Lake City, UT can also be dangerous and life-threatening hence the need for motorcycle insurance.

Although most people who own motorcycles purchase a motorcycle insurance policy, they don’t know when to file a claim. Your policy covers a wide range of risks that you should be aware of. So, when can you file a claim for your motorcycle insurance?

When You Are Involved in an Accident

This is the most common scenario that can make you file a claim. You will need to repair the damage caused to your motorbike after the accident and settle the hospital bill. Your insurance comes in handy since it covers such costs. The first thing that you do after the accident is to seek medical attention if needed. 

If you are involved in a severe road accident, make sure that you are safely off the road and then call the emergency number before you do anything else. Document everything and do not place blame or admit that you are the one at fault. Keep in mind that there may be other factors involved in the accident that you may not have seen.

When Your Motorcycle Is Stolen

Motorcycles have become easy prey for professional thieves due to their portability. Unlike a car, it’s easy to move a bike away even without having an ignition key. As long as your policy offers comprehensive coverage, make sure you file a claim with M8 Insurance when your motorbike is stolen. A comprehensive policy protects your motorcycle against theft. However, call the police first before you start the process of filing motorcycle theft claim.

Do you own a motorcycle? Contact M8 Insurance in Salt Lake City, UT today for a motorcycle insurance policy in over 44 states.

 

The Importance of Reexamining Your Boat Insurance Before Boating Season

At M8 Insurance, serving the greater Salt Lake City, UT area and beyond, we strongly recommend that every boat owner pull out their boat insurance policy and look it over carefully before boating season starts for the year. This can be done on your own or with the assistance of a great insurance agent. There are many reasons why we recommend doing this.

Here are three of the reasons why it is critical to take a look at your boat insurance before boating season. 

Reminds You Whether Your Boat is Covered

Some policies allow you to pause your boat insurance water coverage when your boat is stored for the winter. Unfortunately, many people forget their policy is paused until they have been in an accident on the waterways. Reading over your policy will remind you if your coverage is paused and allow you to reinstate it. 

Ensures You Have the Right Coverage Amounts

The value of your boat goes up or down each year. As such, the coverage you need changes yearly. Looking over your policy before you take your boat out on the waterway gives you the chance to update your policy based on the value of your boat. 

Gives You Time to Make Changes

The last reason why you will want to reexamine your boat insurance policy before boating season is that it gives you time to make policy changes before you hit the water. Policy changes are not always effective immediately. It can take time. So pulling out your policy ahead of time ensures your policy changes are active by the time you do hit the water. 

Before you take your boat out on the waterways, there are many things you need to do, including getting your boat ready. At the same time, pull out your boat insurance policy and ensure you have the coverage and levels you need. If you need to make any changes to your boat policy or are looking to buy a new one, please contact M8 Insurance, serving the greater Salt Lake City UT area and beyond. We can help you by looking at your policy and ensure you have the coverage you need no matter where you live in the U.S. 

What Coverage Does Umbrella Insurance Provide?

To ensure they are adequately protected, all people need to make sure they are properly covered by insurance. While most people understand the need for home, medical, life, and auto insurance, other beneficial types of insurance coverage could provide you with necessary additional coverage. Those that are in the Salt Lake City, UT area should consider getting an umbrella insurance policy as it will help to provide additional liability insurance protection in a couple of different ways. 

Provides Excess Liability Coverage

One of the ways that an umbrella insurance policy will provide you with coverage is by providing additional liability insurance coverage on top of your existing policies.  Home, auto, boat, and other types of insurance always come with a liability insurance component. However, in some situations, this level of coverage is not enough to cover all of the necessary costs associated with an accident. If you have an additional umbrella insurance policy in place, it will provide you with additional coverage on top of your base policies. 

Covers Other Claims

While you can have plenty of liability insurance coverage in your base policies, these policies do not cover all types of liability. Umbrella insurance will be able to provide you with additional coverage to provide insurance protection from a wide variety of other liability risks. Some of the issues that are commonly covered by umbrella insurance include libel or slander, false arrest, or being sued for negligence. 

Those that are in the Salt Lake City, UT area and are considering getting an umbrella insurance policy will benefit greatly by contacting the M8 Insurance agency. M8 Insurance is a leading consumer insurance provider that can help to explain to anyone their umbrella insurance needs and help you get into an adequate policy. 

Flood Insurance: all you need to know

Floods are spontaneous, and their effects are mostly disastrous. In most instances, many people find it hard to recover financially from flood damage. However, this is much easier with a flood insurance policy in place. A flood insurance policy covers you against loss and damage to property from flooding. Flood insurance covers the structure and the contents, but not the land your home sits on. It is important to note that homeowners insurance does not cover flood damage and one needs to take up a flood insurance policy to gain coverage.

What flood insurance covers

Home flood insurance

This covers the physical structure of your home against flood damage. The policy covers plumbing, electrical work, heating systems, and furnaces. 

Personal property flood insurance

Sometimes floods can destroy personal possessions inside your home. These items include clothing, furniture, curtains, beddings, and portable appliances. This policy cushions you against the loss or damage of such items and any other personal property that is damaged. 

Why choose M8 Insurance as your flood insurance provider?

Experienced agents

Our agents have worked in the insurance industry for years and possess the necessary expertise in the field. As such, they will guide you on the terms of each policy and help you decide on the best coverage. 

Tailor-made flood insurance policies

We have designed our policies to match the needs of Salt Lake City, UT residents and those in various states. You can, therefore, rest assured that our flood insurance policy will be perfect for your home. 

At M8 Insurance, we offer flood insurance solutions to our esteemed clients in Salt Lake City, UT and around the country. We aim at providing a tailor-made coverage that meets your flood insurance needs. Kindly visit our website for more information and to obtain a quote. 

Why Home Insurance is Not a Substitute for Condo Insurance

If you own a condo, you want to be sure to have condo insurance instead of home insurance. Home insurance cannot provide you with the types of protection you need for your condo. These are just a few reasons from M8 Insurance, serving Salt Lake City, UT, why home insurance is not a substitute for condo insurance. 

  • Your home insurance likely has more liability coverage than you need. When you own a condo, you only need enough liability insurance to cover your dwelling. Home insurance likely has too much, and you will end up paying more for that type of coverage, which is excessive. 
  • You need protection from your neighbors in the building. More often than not, home insurance will not protect you or provide coverage for any damage to your unit that is caused by your neighbors. This is because there are not usually neighbors like this in place. Condo insurance would help you with this damage if it were to happen. You do not know what they are doing so having this coverage in place is best.
  • You need coverage for anything not covered by the building. Most buildings will have coverage of some sort in place, but if there are things that their insurance does not cover as part of their policy, you will want to have this coverage built into your policy. Home insurance policies are not set up to account for these things making condo insurance the better overall fit for your needs. 

Now that you know the key differences between a condo and home insurance, you need to ensure that you have condo insurance in place for your condo. Contact M8 Insurance, servicing Salt Lake City, UT, to get started with your condo insurance quote today. If you are not in Utah, we also offer policies to a variety of other states. Ask an agent to find out if you are in one of our serving states.

3 Reasons to Study Your Commercial Insurance Policy

Commercial insurance is legally required for any business owners who have employees, and it should be a necessity for everyone who owns their own enterprise. If you haven’t taken a look at your policy, it may be time for you to reconsider how you spend your time.

You May Be More Liable Than You Think 

From customer injuries to lost wages, if an employee misses work from an injury, you may be a lot more liable than you think for things that happen at your business. The better your policy is, the more likely it is you won’t have any problems later on down the road. Employee injuries and faulty products can be unexpected causes of lawsuits, and this is where commercial insurance can come in hand.

Litigation Is a Nightmare 

Even if you have basic coverage, you will likely have limits for that coverage on your policy. Just one lawsuit can spell disaster for a company, so it helps to have all the precautions in place. M8 Insurance in Salt Lake City, UT has helped plenty of businesses navigate the complicated waters of the justice system, ensuring that businesses have the support they need to make it through without being harmed. 

You Should Be Informed 

Studying an insurance policy is not how any business owner wants to spend their day, but it can provide a lot of peace of mind. Give M8 Insurance a call if you want a little help going over the documents. We can tell you what you should look for and what you can skip. It’s our job to make sure you not only have the right coverage but that you also understand how that coverage works in a real-life event. Visit us today if you live in Salt Lake City, UT or give us a call if you live outside the state of Utah!

Auto Insurance for Your Teenage Driver

Learning to drive is the ultimate teenage goal. When a young driver gets their learner’s permit or license, they are eager to explore the limits of their new skill.

According to the CDC, drivers between the ages of 15 and 19 accounted for 11% of all vehicle accidents in 2013. These numbers can make buying car insurance for your new driver pricey. However, insuring your teen is a requirement in most situations. Use these tips to keep your child safe on the road with less impact on your monthly payments.

Buy Smart

  • If you’re buying a car for your teen, choose a model that is at least 4 years old. Less expensive cars usually cost less to insure.
  • Load up on safety features. Stability control, anti-lock brakes, air bags, and back up mirrors are some of the features that can positively impact your payments.
  • It may be cheaper for your teen to have their own policy. An M8 Insurance agent in Salt Lake City, UT can help you decide if this the right choice for your family.

Education is Key

  • Driver’s education and safety classes teach tactics that reduce risky behavior behind the wheel. Successfully completing a driver’s course can earn you an auto insurance discount.
  • Need another reason to encourage good study habits? High academic performance shows a sense of responsibility that can cut your payments.
  • Have your teen sign a safe driving contract. Insist on seat belts, no cell phones, and a limit on passengers. Establish consequences for violations. These small infractions can have a big impact on insurance rates if they’re caught in the act.

You may have other options available to provide security to all the drivers in your household. Contact the experts at M8 Insurance in Salt Lake City, UT to learn more ways to protect your family while on the road.