Author: AgentInsure

What Does Liability Only Auto Insurance Cover?

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When shopping for auto insurance, it’s essential to find the right type of coverage that fits your needs and budget. There are several types of auto insurance to consider, including liability-only coverage.

If you have questions about liability-only auto insurance, the professionals at Selkirk Insurance Services, servicing Sandpoint, ID, can assist you. We provide detailed information about insurance options and can help you shop for coverage through multiple carriers.

What Is Liability-Only Auto Insurance?

Liability-only auto insurance is a type of coverage that pays to repair or replace the other driver’s vehicle if you cause an accident. This type of insurance meets the minimum legal requirements for driving, but does not provide coverage for your own vehicle in the event of an accident.

Who Needs Liability-Only Auto Insurance?

Liability-only auto insurance is ideal for individuals who are not concerned about insuring their own vehicle for repairs or replacement after an accident. If you prefer coverage that includes protection for your vehicle in addition to liability, you may need full-coverage auto insurance. Full coverage includes liability protection and additional benefits for your vehicle.

Who Needs More Coverage Than Liability-Only?

If you have a car loan, your lender may require you to carry full-coverage auto insurance. In such cases, you will need to provide proof of full-coverage insurance before driving your new vehicle off the lot. To confirm whether this is a requirement for your auto loan, consult with your lending professional.

No matter what type of car insurance you need, the professionals at Selkirk Insurance Services, servicing Sandpoint, ID, are here to help. Contact us today to learn more about our auto insurance options and find the coverage that works best for you.

How Often Should I Review My Home Insurance Policy?

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Your home insurance policy protects you from financial liability when a covered event occurs. However, many homeowners keep the same policy for years, even as their home and lifestyle evolve. Regularly reviewing your home insurance policy ensures it continues to meet your needs.

If you’re ready to review your home insurance, the professionals at Selkirk Insurance Services, servicing Sandpoint, ID, can assist you. We help our customers find the best policy for their unique needs. Here’s what you need to know.

How Often Should You Review Your Home Insurance Policy?

It’s recommended to review your home insurance policy annually to confirm that your coverage and limits are adequate. Scheduling your review at the same time each year can help establish a consistent habit.

Choose a time of year when you’re less busy to ensure the review gets done. Many homeowners prefer to review their policy before its renewal date or at the start of the new year.

How to Review Your Policy

To review your home insurance policy, start by requesting a copy from your provider. You can either go over the policy on your own or review it with your provider to identify any necessary updates or changes.

Need Help Reviewing Your Insurance Policy? Contact Us Today

Staying on top of your insurance coverage is essential. The professionals at Selkirk Insurance Services, servicing Sandpoint, ID, are here to help. We assist our customers by answering questions and actively participating in the policy review process. To get started, call us today.

When is it Time to Increase Commercial Insurance in Sandpoint ID?

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If you’re moving your business to Sandpoint, ID, or planning to set up shop in the area, commercial insurance is essential. Knowing when to increase your commercial insurance coverage is crucial, as many business owners face unique weather-related and liability risks in the region. At Selkirk Insurance Services, we’re here to guide you through the process and help you maximize your coverage benefits.

Signs It’s Time to Increase Commercial Insurance

Here are some key indicators that it might be time to review and increase your commercial insurance coverage:

  • Revenue Growth: If your sales or revenue have significantly increased, it’s a good idea to review your existing commercial policies. As your business grows, you may need to increase coverage for business interruption or general liability insurance to protect your expanding operations.
  • Expansion or Renovations: When you expand or renovate your commercial space, your insurance should reflect these investments. Underinsured properties can leave you vulnerable to covering losses out of pocket.
  • Expanding Your Team: Hiring new employees means you’ll need to consider workers’ compensation and liability coverage to protect your business assets and investments.
  • New Vehicles and Equipment: Adding fleet vehicles, upgrading equipment, or purchasing specialized tools may require increased commercial auto insurance limits and additional equipment breakdown coverage.

Increasing your coverage ensures compliance with lease and contract requirements while safeguarding your business reputation. It also helps you avoid significant out-of-pocket expenses in the event of a loss.

Get Expert Guidance From Selkirk Insurance Services

When it’s time to increase your commercial insurance in Sandpoint, ID, having the right agent by your side is essential. At Selkirk Insurance Services, we provide expert advice and reliable support to help you make informed decisions. Contact us today to schedule a consultation and get a commercial insurance quote tailored to your needs.

I’m Healthy, Young, and Safe… Do I Need Life Insurance?

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Most people are familiar with life insurance, but not everyone knows whether they truly need it. Misconceptions and myths surrounding life insurance can make it challenging to get the proper guidance. Is life insurance only for older individuals? Is it just for those working in high-risk industries? Let’s take a closer look at who needs life insurance and how Selkirk Insurance Services in Sandpoint, ID can help you find the right policy.

Why You Need Life Insurance Even If You’re Healthy, Young, and Safe

Many people mistakenly believe they don’t need life insurance because they feel there’s no immediate need for it. However, this perspective overlooks the true purpose of life insurance. Life insurance provides financial support for your dependents in the event of your passing. Even if you’re young, healthy, and working in a low-risk job, unexpected accidents or illnesses can happen at any time. Without life insurance, your loved ones could face significant financial challenges.

Life insurance is essential for anyone who has dependents or loved ones who rely on them financially. Even if you don’t perceive any immediate risks, having a life insurance policy ensures that your family is protected in the event of an unforeseen tragedy. It’s a proactive step to safeguard their future and provide peace of mind.

Shop Life Insurance With Selkirk Insurance Services

Selkirk Insurance Services in Sandpoint, ID is here to simplify the process of finding the right life insurance policy. We’ll help you compare options and choose coverage that fits your needs. Compare quotes today to give your family the protection they deserve!

Am I Covered For Damage if I Got a DUI From the Accident?

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Getting into a car accident is already stressful, but adding a DUI to the situation can make it significantly more complicated. One common question drivers in Idaho ask after such incidents is whether their insurance will cover the damages. The answer isn’t always straightforward, but understanding your policy’s coverage is crucial. Selkirk Insurance Services, serving Sandpoint, ID, can provide valuable guidance on this matter.

Your Liability Coverage May Still Apply

If you were at fault in the accident and caused injury to someone else or damaged their property, your liability insurance might still cover their losses. Idaho law requires all drivers to carry liability insurance, and most policies do not exclude DUI-related accidents from basic liability coverage. This means the individuals you harmed may still be compensated through your insurance policy.

Your Own Damages Might Not Be Covered

Things become more complicated when it comes to your own vehicle. If you have collision coverage, it typically pays for repairs to your car—unless your policy specifically excludes DUI-related claims. Some insurers may deny payment if the accident occurred while you were under the influence, especially if the DUI resulted in criminal charges or a license suspension.

You Could Face Additional Consequences

A DUI can lead to more than just a denial of coverage. You may experience higher premiums, reduced coverage options, or even policy cancellation when it’s time for renewal. Additionally, future insurers may classify you as high-risk, making it harder to find affordable coverage.

Understand Your Policy Before Trouble Arises

Every insurance policy is unique, and the fine print matters. If you’re unsure about what your policy covers, your local Idaho insurance agent at Selkirk Insurance Services, serving Sandpoint, ID, can help clarify your options. Being informed can help you stay protected, even in unexpected situations.

Does Wedding Insurance Cover Illness?

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Although it may seem unlikely, you or your future spouse could fall ill or become injured just before a planned wedding. This might also happen to other important wedding participants, such as your parents. You could suffer major losses as a result, potentially making it impossible to hold a wedding at a future date. This is one reason why it’s important to have wedding insurance.

What Does It Cover?

Wedding insurance policies normally cover cancellations involving unexpected, serious medical problems. This is true if a health condition prevents the groom, bride, or immediate family members from participating in a wedding. It usually doesn’t apply to more distant family members, such as your cousins.

Coverage may go beyond illness-related cancellations. Some types of wedding insurance also cover harmful effects resulting from a wedding. This means that they could compensate wedding attendees who experience non-communicable illnesses caused by participating in the event. This might happen if meals or beverages served at a Sandpoint, ID wedding venue trigger food poisoning.

Common Exceptions

Be aware that wedding insurance doesn’t always cover illnesses. Many policies don’t provide coverage for pre-existing health problems. Certain contagious illnesses could also be excluded. The same applies to some mild illnesses. Take the time to carefully read your policy’s terms to determine exactly what it does and doesn’t cover.

If you’re interested in wedding insurance, don’t wait until the last minute. Some types of policies can’t be obtained less than two weeks before the event. The experts at Selkirk Insurance Services can help you select the right policy. We have reliably served clients in the Sandpoint, ID area for more than 15 years. To learn more about wedding insurance or request a quote, please call 208-263-0888 to reach Selkirk Insurance Services today.

Does Boat Insurance Cover Injuries Sustained by Guests?

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Many people believe that the primary reason for getting boat insurance is to protect their watercraft if it becomes damaged due to a covered risk. However, what happens if a guest on your boat sustains an injury onboard, even if the incident isn’t your fault? Selkirk Insurance Services, serving Sandpoint, ID, can help you understand how your policy will cover guest injuries.

The Importance of Liability Coverage

Most boat insurance policies include liability coverage, similar to how auto insurance protects you if a motor vehicle accident occurs. Your boat policy may also include medical payments coverage, which will help pay for doctor visits, therapy, and more if someone is injured on your boat. This coverage is particularly beneficial if your guest has no or inadequate health insurance policy, or if the policy has a high deductible. This coverage is valid only if you use your boat for private purposes. Read your policy to determine if it has any exclusions. Your policy may not pay for injuries sustained from specified careless acts.

Should I Get Extra Liability Coverage?

If you frequently entertain guests or have parties on your boat, consider getting additional liability coverage. A higher liability amount will provide protection if someone sues you because of the incident. However, enhanced liability limits in a boat policy may not be enough in the event of catastrophic injuries. Some people may press multi-million-dollar lawsuits that could leave you responsible for medical costs if litigation is successful. Consider buying an umbrella policy that would protect you from medical and litigation costs and ultimately save the investment in your boat.

Learn more about how boat insurance can protect you and your guests when injuries occur. Contact the professionals at Selkirk Insurance Services, serving Sandpoint, ID, and environs, for an appointment.

What types of situations would be covered by umbrella insurance?

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Living in the Sandpoint, ID, area, it’s crucial to ensure you’re adequately insured. One type of insurance everyone needs here is umbrella insurance, which provides personal liability coverage. This type of insurance covers various situations and scenarios.

Accidents with Serious Damages

An umbrella plan typically covers situations where you’re involved in an accident that results in severe damages. When you’re driving a vehicle, there’s a chance you could cause an accident. Unfortunately, your coverage will be limited to the levels set in your auto insurance policy. If you have an umbrella plan, it provides additional coverage on top of your existing policy.

Dog Bites

If you have a pet in your home, such as a dog, having umbrella coverage is a good idea. An umbrella policy can cover liability damages you may incur if your dog attacks another animal or person. This is particularly important if you don’t have liability coverage through a home or renter’s plan.

Libel and Slander

Libel and slander are liability risks that people need to consider. These can occur if you’re found to have written or said something untrue that led to damage to another party. If you’re covered with an umbrella plan, you’ll have support in these situations.

It’s always essential to ensure that you’re appropriately covered by insurance when you’re in the Sandpoint, ID, area. If you’re looking for coverage here, you should call our team at Selkirk Insurance Services. Our team will provide the necessary help to build your next plan.

Does Condo Insurance Cover Natural Disasters?

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Your home is likely your most valuable asset, and you’ll want to ensure you have sufficient insurance coverage for it at all times. If you own a condo in Sandpoint, ID, your homeowner’s association likely has a master insurance policy that provides coverage in the event of a storm, fire, or vandalism. However, this policy only covers the home exterior and roof. Moreover, it most likely won’t cover earthquakes or flooding.

What About Condo Insurance?

You’ll need an individual condo insurance policy to cover fire, storm, or vandalism damage to your home’s interior and belongings. If you own valuable items such as antiques, you’ll need separate coverage specializing in compensating for expensive assets. If you run a business from your home and store business inventory or assets in your condo, you’ll need a commercial insurance policy to cover these items, as condo insurance won’t provide compensation for business assets.

If you live near a lake or a regional fault line, investing in coverage that specifically covers earthquakes and flooding is wise. Furthermore, bear in mind that your vehicle isn’t covered under any condo insurance policy or even a basic auto insurance policy. You’ll need comprehensive coverage if you hope to receive compensation for your vehicle in the event of a natural disaster.

Get Expert Insurance Help from Selkirk Insurance Services

If you aren’t sure which forms of condo insurance will best meet your needs or you want to learn about your policy options, give us a call at your convenience. Selkirk Insurance Services has many years of experience helping Sandpoint, ID residents get the best coverage at the best possible price. Our team offers multiple options, including standalone policies and policy bundles, to meet the needs of individuals of all ages and walks of life.

How to Update Your ATV Insurance Policy for Summer Fun

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As the weather begins warming up, you might spend more time outdoors. Riding ATVs is a fantastic way to unwind before returning to the hustle and bustle of the workweek. However, before planning your next outdoor adventure, it’s crucial to consult with Safechoice Insurance Agency of Rochester, MN, on how to update your ATV insurance policy for summer fun.

Quick Reminders on ATV Insurance

Remember that your ATV cannot be added to your current auto insurance policy. You’ll want to have a separate policy that includes liability coverage. It’s your responsibility to specify the terms of your intended use of your ATVs in the policy agreement. Also, confirm if you want an age restriction on who can operate a recreational vehicle off-road. If not, you may want to include additional coverage to your existing ATV insurance policy.

The Most Common ATV Insurance Policy Additions

ATV owners typically change their insurance policy before taking their vehicle out of storage. In the off-season months, policyholders temporarily remove collision and liability coverage. However, each should be reinstated to active status before taking your ATV out of storage.

Collision covers all repairs and replacement of your ATV if you collide with another recreational vehicle or hit an immovable object during an off-road ride. Liability coverage assists with all injuries sustained by the rider in an accident. Other owners will add comprehensive coverage to their existing ATV insurance policy. It protects them against events that occur beyond their control. The coverage includes protection from theft, vandalism, striking an animal, fire, or extreme weather damage.

Updating your ATV insurance policy is the first step to summer fun. The staff at Safechoice Insurance Agency of Rochester, MN, can ensure your coverage needs are met. Call and schedule an appointment today.

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