Author: AgentInsure

How Do Auto and Umbrella Insurance Work Together?

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Umbrella insurance is well-known for protecting against unforeseen legal and court costs, and its primary role is covering liabilities that surpass the limits enforced by your standard policies. If you encounter unforeseeable events causing liabilities beyond your home or auto policy’s constraints, umbrella insurance steps in. We invite you to contact our team at Selkirk Insurance Services, proudly serving Sandpoint, ID, to explore how umbrella insurance can offer protection for you and your loved ones.

Addressing Your Potential Liabilities

Let’s delve into the interactions between umbrella insurance and the liability limits of your auto insurance policy. Typically, when an auto policyholder is accountable for damages following an incident, the aggregate liabilities are beneath the limits of their auto policy. However, in rare circumstances, accidents result in debilitating injuries or other damages, driving up liabilities beyond the coverage that the insurance company has agreed to pay. In these situations, you are personally liable for the remaining amount, potentially compromising your savings, home, and other assets.

Significantly, umbrella insurance covers the liabilities that exceed your auto policy’s limits in situations like these. Admittedly, umbrella insurance may not always be necessary as it primarily covers "worst-case" scenarios. Despite this, the majority of policyholders seldom need to file a claim against their umbrella insurance, thereby keeping it relatively inexpensive. While umbrella insurance principally covers rare incidents, it endows you with peace of mind through the protection it provides to you and your family.

Cooperating with Selkirk Insurance Services

Umbrella insurance provides protection against unexpected events with potential financial impacts. Whether you live in or around Sandpoint, ID, and are considering umbrella insurance or any other kind of insurance protection, our team at Selkirk Insurance Services is eager to assist. Call us today at 208-263-0888 to acquire the insurance protection that best suits your needs.

Infestations and Your Homeowner’s Insurance

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At Selkirk Insurance Services of Sandpoint, ID, we receive many inquiries about homeowners insurance coverage. Often, these questions come from individuals who have encountered damage to their homes from infestations such as mice, rats, wasps, bees, termites, squirrels, and the like.

Would these be covered?

Home insurance typically covers unforeseen and accidental damage. It is not intended to cover damage resulting from a lack of maintenance. Infestations are regularly seen as preventable issues that regular inspections and maintenance could counter. Hence, damage from infestations is typically not covered under home insurance.

In certain instances, pest control firms may offer their standalone warranties.

Preventing Infestations and the Resultant Damage

Observing potential damage from rodents and insects is crucial in maintaining your home. This is akin to checking for leaks from the roof or pipes, examining windows for cracks or other damage, and looking for rotting siding. All these tasks are part of diligent home maintenance practices.

Inspect your home seasonally for possible ways pests could infiltrate your living space. These could include gaps in the siding, cracks in the foundation, low-hanging branches touching the roof, or broken or defective vents.

A thorough inspection of these areas is critical to ensure that pests have not already made their way in, and if they have, they are immediately removed. Any detected gaps or potential entry points should be promptly addressed.

Contact Selkirk Insurance Services For Questions

If you are a homeowner in the Sandpoint, ID area and have any questions regarding your home insurance, please get in touch with us at Selkirk Insurance Services. We are here to review your policy and provide a quote. Don’t hesitate to contact us today for assurance and peace of mind.

Understanding Policy Riders in Life Insurance

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Policy riders in life insurance are extra benefits added to a standard life insurance policy to tailor the coverage better to an individual’s needs. These riders can offer enhanced protection, added benefits, and greater flexibility in managing a life insurance plan for people living in and around Sandpoint, ID.

Types of Policy Riders

There are several common types of policy riders that policyholders can consider. One such rider is the Accidental Death Benefit Rider, which offers an additional payout if the insured dies as a result of an accident.

The Waiver of Premium Rider waives the policyholder’s premium if the individual can no longer work. This ensures that the life insurance policy remains in effect even if the policyholder can’t make payments due to disability.

The Accelerated Death Benefit Rider offers policyholders the option to gain access to a small portion of their policy death benefit while still alive if they are diagnosed with a terminal illness.

Benefits of Adding Riders

Riders allow for greater customization, enabling policyholders to tailor their coverage to specific needs and circumstances. They also offer additional financial protection in various scenarios, such as accidents, disability, or terminal illness, providing peace of mind and security for the policyholder and their beneficiaries.

Cost Considerations

While riders can enhance a life insurance policy, they also come at an additional cost. The price of riders varies depending on the type of rider, the insurance provider, and the underwriting process. Policyholders should carefully consider their needs and budget when selecting riders to ensure they receive the best value and coverage.

Selkirk Insurance Services Is Here For You

The team at Selkirk Insurance Services is here to help you when you need insurance information. Our services are available in the Sandpoint, ID, and surrounding areas. Call us today.

Guide to Worker’s Compensation Claims

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If you’re a business owner, one of the types of insurance you need is Workers’ Compensation Insurance. This kind of insurance pays for the expenses you incur if one of your employees is injured. If you reside in the Sandpoint, ID area, we invite you to contact us at Selkirk Insurance Services to discuss your company’s insurance needs. We have been working with commercial clients like your company since 2009.

Workers’ compensation insurance covers the wages and medical costs of employees injured on the job. Our team at Selkirk Insurance has years of experience guiding our clients through the procedures involved in workers’ compensation claims. We are familiar with the guidelines of Idaho workers’ compensation insurance and can assist you when you need to file a claim.

Workers’ Compensation Education is a Must

One of your duties as an employer is to educate your employees. Workers must be able to prove that their injury or condition occurred while on company property. If their injury happened at an off-site location but took place while they were engaged in company business, it is eligible for coverage.

When your employee has a claim for a condition that has developed over time, the employees must understand the importance of having detailed documentation of the condition’s development. For instance, they must present multiple records of doctors’ visits and pharmacy records. If diagnostic tests were carried out, those records must also be included.

Call Us Today for an Appointment

Our agency takes pride in working diligently to find the best coverage for your company. Business owners in the Sandpoint, ID, area, can find tailored solutions for their insurance needs from our agents at Selkirk Insurance Services. Call us for an appointment today, and let’s collaborate to safeguard your company and employees.

Seek Adequate Protection for Your Wedding Ceremony

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Wedding insurance will protect against unforeseen events that could delay or cancel your wedding ceremony. Learn how this type of coverage could benefit you. Then, conduct a wedding ceremony assessment to assist with preparing your insurance policy.

Wedding Issues

  • Extreme weather
  • Sicknesses
  • Venue cancelations
  • Food shortages
  • Inventory mistakes or shortages
  • Transportation issues
  • Clothing damage
  • Personal possession theft

Overview

Wedding insurance provides coverage for all the uncertainties that could be faced leading up to your wedding day. This coverage also protects against unforeseen events that occur during your wedding ceremony and reception.

If your wedding needs to be postponed due to no fault of your own, your coverage will ensure that you can reschedule your ceremony without being liable for additional costs.

If damage or theft occurs during your wedding ceremony, the coverage will handle the costs associated with the incident that you experience.

Considerations to Make

Keeping records of the items you need for your wedding will be helpful. Your records should include a list of all the items you will be responsible for supplying. If you purchase items through several vendors, you should review each contract you are furnished with.

If you are responsible for materials that will be set up at the venue where your wedding will be hosted, you will benefit from insuring them.

Assisting with Insurance!

Our agents who serve Sandpoint, ID can assist you with any wedding insurance concerns you have. After you contact one of our Selkirk Insurance Services agents, provide them with details about your proposed wedding ceremony. The agent will offer suggestions to provide you with the wedding insurance protection you need.

The Importance of Keeping Your Auto Insurance Up-to-Date

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Like most drivers, if you find yourself driving frequently, it’s essential to be prepared for potential incidents. According to statistics from the Federal Highway Administration and the US Department of Transportation, the average person drives more than 13,000 miles annually. This equates to numerous trips and significant travel, increasing the chances of accidents occurring. Fortunately, we don’t need to travel less to stay safe; we can feel secure with each mile we drive by ensuring we have the right insurance solutions. This is why individuals from all over the Sandpoint, ID region choose Selkirk Insurance Services for their auto insurance requirements, relying on our professional and friendly agents.

Maintaining Current Auto Insurance is Crucial

Having the appropriate auto insurance protection is necessary for various reasons. However, keeping your policy current and accurate is equally important. Have you relocated recently? Are you driving fewer miles now than at the start of your policy a few years ago? Is someone else now occasionally operating your vehicle? All of these circumstances would warrant adjustments to your policy, and alterations, like reductions in mileage, could result in financial savings. Therefore, ensure your policy is up-to-date and make routine visits to your insurance agent to guarantee you have the necessary protection should you ever require it.

Serving All Your Auto Insurance Needs in Sandpoint, ID

If you are a resident of Sandpoint, ID in need of auto insurance, have inquiries regarding auto insurance, or are simply browsing for rates, our trusted and professional team at Selkirk Insurance Services is here to assist you. Driving is a daily reality, and unfortunately, so are accidents. The answer lies in preparedness and protection provided by comprehensive auto insurance solutions. Contact us to discover more, and arrange an appointment today to ensure you’re protected every single mile of your journey.

Lawsuits and a Safety Net with Umbrella Insurance

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In today’s litigious society, the threat of lawsuits looms large for individuals and families in the Sandpoint, ID region. While standard insurance policies provide valuable protection, they may not always be sufficient to cover the full extent of damages in a lawsuit. This is where umbrella insurance steps in, offering additional financial security and peace of mind.

Understanding Umbrella Insurance

This liability insurance provides coverage beyond the limits of standard home, auto, or watercraft insurance policies. It serves as a safety net, protecting policyholders from terrible financial losses in lawsuits where damages surpass the limits of regular insurance coverage. 

Comprehensive Coverage

Umbrella insurance offers broad coverage for various liability risks, including bodily injury, property damage, personal injury, and legal defense costs. It extends coverage worldwide, providing protection wherever the policyholder goes, whether at home or traveling abroad.

Protection Against Lawsuits

Umbrella insurance shields policyholders from the consequences of lawsuits. When a lawsuit happens, umbrella insurance kicks in when all resources are exhausted, providing additional funds to cover legal expenses, settlements, and judgments.

Peace of Mind

Umbrella insurance offers peace of mind for individuals and families, knowing they have an extra layer of protection against unforeseen events and legal liabilities. With umbrella insurance, policyholders can go about their daily lives confidently, knowing they are financially protected from the risks of lawsuits and legal claims.

Cost-Effective Coverage

Despite its comprehensive coverage, umbrella insurance is relatively affordable, especially considering the significant financial protection it provides. The cost of umbrella insurance premiums is typically low compared to the potential economic losses it helps mitigate, making it a cost-effective safeguard against lawsuits.

Let Selkirk Insurance Services Give You Information

Selkirk Insurance Services answers your umbrella insurance questions and serves the Sandpoint, ID, region. Call us today.

Three Things to Know About Insuring a New Sailboat

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Owning a new sailboat brings the promise of new adventures on the water. Amidst the excitement of getting a new boat, however, it’s important to take a moment and make sure the boat is properly protected. Here are three key things about adequately insuring a new sailboat with boar insurance.

1. Protection Against Damage: Sometimes Required

One of the most important aspects of boat insurance is protecting your vessel, especially when it’s new. 

You’ll likely be required to insure against vessel damage if you’re financing your boat. Most lenders require this when underwriting boat loans to ensure the vessel used as collateral against a loan is protected. However, it’s broadly recommended that you get damage coverage regardless of whether you’re required to.

2. Coverage for Onboard Gear: Protecting Your Equipment

In addition to protecting your boat against damage (and theft), it’s also important to protect what’s on it. Make sure any tackle, safety equipment, electronics, and other gear is protected against fire, theft, and other perils. This coverage is usually distinct from damage coverage.

3. Trailer Coverage: Safeguarding Your Transport

If you’re getting a trailer for towing your sailboat, you’ll also want to insure the trailer against car accident damage, theft, and other risks. This third protection is usually distinct from what a boat insurance policy offers for your sailboat and gear.

If you’ll only occasionally trailer your boat locally around the Sandpoint, ID area, we at Selkirk Insurance Services can help you find basic trailer coverage that’ll meet your needs. Of course, we can also assist with more extensive trailer coverage if you regularly tow.

Get Boat Insurance for Your New Sailboat

If you’re getting a new sailboat this season and will keep it around Sandpoint, ID, let us at Selkirk Insurance Services help you set up a boat insurance policy to protect it well. Contact us today to get a policy.

Protecting Your Condo Begins with Insurance

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Protecting the place we call home is something everyone thinks about, and for condo owners, the first step usually begins with condo insurance. It doesn’t matter if you live in a mansion, a single-room apartment, or a luxurious condo with all the amenities. Home can look different for everyone. However, protecting the place we call home looks very much alike to everyone. If you are a condo owner in the Sandpoint, ID area and have questions about condo insurance, the friendly and professional team at Selkirk Insurance Services can help.

Condo Insurance for the Place You Call Home

In many ways, a condo is as susceptible as a traditional home in terms of concerns about safety and protecting your home. From theft to liability claims and more, condo owners share many common concerns with other homeowners. It isn’t surprising that people who call home everything from an apartment to a house to a condo use insurance as a first line of defense to protect the place they call home.

At Selkirk Insurance, our team can help owners find condo insurance solutions that fit their needs, condos, and budgets. Protecting your home is important, regardless of where you live, and protecting your condo begins with the right condo insurance solutions. 

Condo Insurance in Sandpoint

If you are a condo owner in or around the greater Sandpoint, ID, area and have questions or want to learn more about condo insurance, our professional and trusted team at Selkirk Insurance Services can help. Contact us today to find out more and get the condo insurance you need to protect your place of residence.

Why every renter should have renters insurance

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Owning a home isn’t for everyone. Many people opt for renting and letting someone else maintain and worry about the building. Only about 60 percent of renters actually have renters insurance, which is risky. At Selkirk Insurance Services in Sandpoint, ID, we ensure our customers understand the value of insurance on their rental. 

If you have any assets, renters insurance provides liability insurance that can protect your assets. If someone is hurt in your rental or by a family member away from your rental, it will provide coverage to pay for legal fees and a judgment against you. This can give you the peace of mind you need.

As a renter, you may assume that your landlord’s insurance protects your personal property, but that would be a mistake. The landlord’s insurance only covers what belongs to them, not what belongs to you. Renters insurance will provide the coverage that you need to protect all the things that you own. It covers theft as well as loss through a covered hazard. You can cover the items for their replacement cost or their current value. 

In addition to liability and personal property coverage, renters insurance may have a loss of use coverage. If your rental becomes uninhabitable, loss of use coverage will pay to stay in a hotel or temporary rental, and if you are unable to cook, it will pay for meals. 

If you live in or near Sandpoint, ID, Selkirk Insurance Services is your local independent insurance agency. We are here to help renters understand the benefits of having renters’ insurance. Give us a call to set up an appointment to discuss your needs. 

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