How Does Umbrella Insurance Work?

Umbrella insurance is personal liability insurance that will kick in if your claim is larger than your homeowners or auto insurance coverage limit. Umbrella insurance can also cover additional liability that may not be included in these policies, such as libel, slander, and false imprisonment. Umbrella insurance cannot be purchased separately. It must be purchased as additional coverage when you already have homeowners and auto insurance in place.

Many things could happen that could cause you to get sued, to the point where your home insurance is not enough. This could include your dog attacking a neighbor, your daughter getting into a fight at school, causing a ten car pileup while driving, or your teenager throwing a house party that breaks multiple things in the house or injuries that gets you sued by party guests or when someone gets a DUI. If any of these events happen and your primary coverage is not enough, then umbrella insurance comes into the picture.

Court Fees

If one of these things happens and you get sued, and the jury sides with the person who sued you, you will have to pay damages. If those costs were to reach $1 million, but your homeowner’s insurance only covers $500,000, you would be on the hook for that additional money. Without umbrella insurance, money may come out of retirement accounts, savings, or future wages will be taken.  

It can be hard to determine if you need umbrella insurance, but it can’t hurt to have it because of the risks we face in day to day life. If the total value of your assets is greater than the limits on your home insurance, then it’s smart to purchase the additional coverage. An insurance agent at Armor Insurance Group in Virginia Beach, VA can help determine your risk and how much additional coverage you should purchase to protect your assets.

Contact Armor Insurance Group serving Virginia Beach, VA, to get a quote on umbrella insurance.

How to Determine How Much Boat Insurance You Need

If you own a boat in El Centro, CA, one of the things you should consider getting as well is boat insurance. However, the follow up question to this that people make to Armorcrest Insurance Services is when should they buy and how much coverage should they get. The first question can be answered by saying that you should always have boat insurance on your boat. However, determining how much boat insurance you need can be a bit more expensive. 

When you are trying to figure out just how much you should insure your boat for, there are two things that you want to look at. The first is the value of the boat. If you were to lose it today, how much would you have to pay to replace it or a version that is similar to it? Once you know that number, you can add that to the insure amount. Next, you want to consider liability. If you will have anyone else on the boat that is not insured, you want to have additional liability insurance to pay for any medical bills or a lawsuit in the case of an accident. Accidents can happen at any time and you want to make sure you are covered at least to a reasonable amount so an accident does not bankrupt you. 

Now that you have a better idea of how much boat insurance you should have, the next step is getting that insurance put into place. Be sure to reach out to us here at Armorcrest Insurance Services, serving El Centro, CA, to get started on your insurance quote today. We can help you refine your coverage amount as well as make sure that your policy is in line with your budget. 

Is Flood Insurance Necessary for Trailers?

At Armor Insurance Group, we’ve seen too many of our Virginia Beach, VA customers fail to get flood insurance for their mobile home. They either don’t think it matters or believes that they cannot buy these types of policies. That is simply not the case.

A Trailer May Qualify For Flood Insurance

Most trailer homes will be able to buy flood insurance if they are attached to a permanent foundation, if it is located in a flood hazard area, and if it has a development permit from the proper authorities. As a development permit is required whenever you live in a mobile home, you should have no difficulties qualifying for flood insurance of some type.

The Types Available

Your trailer home likely qualifies for what is known as a low-to-moderate-risk policy. These are available for just about any home because most fall in this area. They are often as cheap as over $100 a year. However, if you live in higher-risk areas (as defined by the government), you can get high-risk policies. These provide more comprehensive coverage, though low-to-moderate-risk policies still cover a lot.

How It Protects You

When you buy flood insurance policies for your trailer home, you are covering it, its foundation, all of its electrical and plumbing systems, all HVAC units, appliances, carpeting, paneling, bookcases, cabinets, clothing, food, artwork, some books, and much more. You are also getting coverage for debris removal and loss avoidance measures. In most cases, you’ll also get relocation and flood-proofing coverage to help you recover from this devastating situation.

Get Your Trailer Covered Now

Even if you have never experienced a flood in your Virginia Beach, VA mobile home, it is smart to look into a policy and speak with an agent to learn more of its advantages. Contact us at Armor Insurance Group to learn more about flood coverage for trailers and how it can keep you safe.

What To Consider When Choosing Condo Insurance

Unlike a Virginia Beach, VA homeowner, as a condo dweller, you don’t own the building you live in or the land it’s on. While your condo’s or homeowners association (HOA) probably carries a master policy to insure the property and building and will pay for accidents or injuries that occur on outside areas or common areas, it likely won’t cover you or your personal property. For example, your HOA won’t cover repairs to the inside of your unit after a disaster, and won’t replace or repair stolen or damaged Items, or cover liability costs if you or your guests are injured inside your condo. Having a personal condo insurance policy from Armor Insurance Group, called an HO-6 policy, to cover those events is smart.  

Condo Insurance vs. HOA Insurance 

There are significant differences between these two types of insurance policies. The following are common instances when Condo Insurance coverage will typically kick in: 

  • There’s damage to your unit’s interior. Because you own your unit, you are likely to be responsible for damage to fixtures, including lighting, cabinets, and appliances. Your HOA master policy may cover the original items built into your place, but it may have a “bare walls” policy, meaning that it is up to you to insure everything, including the walls, ceiling, and flooring. 
  • Your belongings are stolen. If your computer, furniture, or clothing is stolen, your HOA’s insurance won’t cover it. You need personal property coverage to handle that. 
  • A guest gets hurt in your Virginia Beach, VA home. If a guest falls inside your condo, personal condo insurance will cover their medical bills and any liability costs if they sue you. 
  • The damage exceeds your HOA’s policy limit. If a claim to your HOA exceeds its master policy limits, you and other unit owners may be required to contribute funding to make up the difference.  

What Is Covered By The HOA Policy? 

That depends on the policy. Some won’t cover anything inside your unit, including wiring and plumbing. Some may cover original fixtures, lighting, cabinetry, and flooring. To determine what type of condo insurance you need to cover that your HOA insurance doesn’t, and ensure you and your belongings are protected, call your Armor Insurance Group agent today.  

Can You Take Out Life Insurance on Your Parents?

Life insurance is a tricky thing to understand, but we have some basic guidelines that can help make understanding easier. It is always helpful to learn just who you can hold a life insurance policy on and who you cannot. For those that live in the Virginia Beach, VA area, the agents with Armor Insurance Group can help you tailor the perfect policy.

Life insurance is something that is great to have for yourself and your family. There are some rules, however, that pertain to who you can take a policy out on and who you cannot. You can, of course, take coverage out on yourself, your spouse, or your children because you have a vested interest in their lives and wellbeing. You would also be responsible for funeral costs should something happen to them. You can also take out insurance policies on other members of your family, but you must have a vested interest in their wellbeing.

An excellent example of this is taking out a policy on parents that live with you or that you take care of in your own home. You cannot simply take out a policy on your parents if they are in good health and take care of themselves as they are not going to be in need of care. If you are the legal guardian of your parents, you can certainly take out an insurance policy on your parents to help take care of their funeral costs should they die. When you are thinking about taking out an insurance policy on anyone, you should take the time to figure out who you can legally have coverage on and who you cannot.

For those that live in the Virginia Beach, VA area, the agents with Armor Insurance Group can help you adapt your policy to fit your needs. Reach out to our offices to learn more.

Are Friends Covered Under Your Car Insurance?

If you’re like most car owners, you probably have reservations about loaning out your car. Having someone borrow your car, even occasionally, can be risky, especially if you’re not sure they’re covered under your insurance policy. Understanding how your car insurance works can help alleviate any doubts you may have concerning “guest” drivers. Here are a few ways in which auto insurance from Armor Insurance Group in Virginia Beach, VA, protects family and friends when they borrow your vehicle.

Family (Household Members)

Relatives who live with you are considered members of your household and are automatically covered by your auto insurance when borrowing your vehicle, as long as they have a valid driver’s license. This includes a son, daughter, sibling, spouse, parent, etc. Even a friend who lives with you full time is protected by your insurance coverage. Your insurer may even require you to list these people on your policy to avoid misunderstandings concerning coverage.

Extended Family Visiting Your Home

Relatives who borrow your car while visiting your home are also protected by your insurance if they have a valid driver’s license and you permit them to drive the vehicle. As a precaution against accidents, you may want to limit vehicle borrowing to safe drivers.   

Friends

Friends will also be protected under your car insurance policy if they have your permission to borrow your vehicle. Permissive use comes in handy when going on long road trips as you can share driving responsibilities. Drivers who aren’t on your policy, however, may receive less liability coverage if they were to have an accident when driving your vehicle.

Through permissive use, family and friends can be protected by your auto insurance when borrowing your vehicle. Quality insurance coverage from Armor Insurance Group in Virginia Beach, VA will ensure you and others receive the protection you need.   

What Type of Commercial Insurance Do I Need?

Owning a business is a dream for many people. For those that do own a business, many different business decisions need to be made. One type of important decision that needs to be made is choosing the right insurance policy. For business owners in the Virginia Beach, VA area, there are several types of coverage that need to be in place with a commercial insurance policy.

Workers Compensation

Depending on the number of employees that you have, maintaining workers compensation coverage is a necessity. Workers compensation will provide you and your employees with coverage in the event they are injured while they are at work. Businesses in Virginia are required by law to carry workers compensation insurance if they have three or more full or part-time employees. 

Liability Coverage

Another important type of coverage that all businesses need to have is liability coverage. If your company produces a product or provides a service, it will be taking on some liability every time a customer uses the product or service. If someone is injured and sues your business, the liability coverage will provide you protection against these potential damages. 

Property Coverage

If you own your place of business, you will also want to have property coverage. This will provide you with coverage if your property is damaged by a storm or if your property is vandalized. This type of coverage will be required by your commercial mortgage lender as well.  

For business owners in the Virginia Beach, VA area, choosing the right commercial insurance policy can be a confusing matter. To ensure you are able to understand all of your insurance needs, meeting with the Armor Insurance Group could be a good option. Armor Insurance Group will walk you through all of your insurance needs and help you get the right policy.  

What’s The Difference Between Auto Insurance And Motor Home Insurance?

Your recreational vehicle (RV) is more than just a vehicle – it’s a lifestyle on wheels, and your home away from home when you hit the open road. Your RV gets you from your Virginia Beach, VA home to where you’re going, but also offers conveniences and comforts you won’t experience traveling in an automobile. So, what is the difference between motorhome insurance and car insurance?

Motor Home Policies Are Categorized To Different Specifications

While your motorhome insurance shares some similarities of coverage and limits with auto insurance, they have different specifications. Unlike auto insurance, motorhome insurance coverage takes into account the size of your recreation vehicle and issues coverage by category. For example, luxury coaches, motor coaches and converted buses up to 75 feet are Class A, while camper vans and travel trailers are Class B. Fifth wheels, smaller vehicles and extended cab campers are Class C.

Just as with your car insurance, your Armor Insurance Group RV policy will cover collision, comprehensive, liability, and uninsured or underinsured coverage, but you can also obtain coverage for your interior, interior belongings, windshield breakage, and other coverage specifically designed to meet the specific needs of motorhomes. Unlike auto insurance, you can obtain coverage to protect your motorhome if you live in it full-time or when vacationing at campsites. You can also get coverage for towing and emergency services.

Do I Need RV Insurance?

You need insurance coverage when operating a motorhome or RV, but you may not need insurance coverage for a pop-up trailer, fifth wheel, or towable travel trailer that does not operate with its own power. However, it’s a smart idea, as insurance coverage will protect trailers from damage or loss due to theft, vandalism or weather-related incidents.

At Armor Insurance Group, we pride ourselves on providing answers to all your insurance questions. For more information about insurance coverage for your motorhome, automobile, or Virginia Beach, VA home, give us a call today.

 

3 Ways to Prepare Your RV for Summer Road Trips

With summer right around the corner, RV owners in the Virginia Beach, VA area are dreaming about their next adventure. Before you head out on the road, use these tips to get your rig ready.

  • Clean your RV, inside and out. No matter how well you cleaned it before putting it away for the winter season, you’re likely to find some mustiness, forgotten food, or damage from minor leakage. Spend some time making sure everything is tidy so you can fully enjoy your time out. Check for damage on the outside, including the tires, engines, and hose connectors. Let a mechanic top off the fluids and do a quick sweep of the mechanics if you’re planning on taking a long trip.
  • Make sure your RV insurance policy is up-to-date. If you put your policy on a seasonal hold, call the insurance representatives to have it reinstated. Ask them to go over the coverage details of your policy and for new cards to be sent. Make sure you place the new cards in your rig. Are you sure your RV insurance covers everything? The professionals at Armor Insurance Group can help you assess your coverage needs.
  • Sanitize your freshwater tanks by filling your tank about half full. Then add 1/4 cup of regular household bleach for every 15 gallons of water your tank can hold. A 60-gallon tank would need 1 cup of bleach. Open all the faucets on your RV until the water leaking out smells like bleach. Close them and let sit for 3 to 5 hours. Drain, flush with fresh water, then refill.

Get your RV ready for summer with an insurance policy from Armor Insurance Group. We help RV owners in the Virginia Beach, VA area stay safe while having fun. Contact us today to learn more.

What does Motorcycle insurance cover?

Motorcycles are a popular means of getting around in Virginia Beach, VA. As such, a considerable number of accidents involving motorcycles are reported annually. Further, the effects of these accidents are dangerous and life-threatening in some cases. Motorcycle insurance provides financial protection in case of such accidents and other situations which are discussed below. 

Motorcycle insurance coverage options 

Personal injury protection

This covers the medical expenses you accrue after a motorcycle accident. This policy insures the rider regardless of who is at fault. Sometimes your medical bills may threaten to offset you financially. This policy cushions you against that.

Liability insurance

Liability insurance covers any bodily injury or destruction of property that you may have caused while riding your motorcycle. This protects you from having to pay others’ repair or injury bills. 

Comprehensive coverage

While liability insurance is meant to cover third-party injuries and damages, comprehensive insurance helps repair your bike after an accident. 
The coverage also comes in handy when you lose your motorcycle as a result of theft, or accidental damage. 

Why choose Armor Insurance Group to insure your motorcycle?

Experienced agents

Our agents have worked in the insurance industry for years. As such, they hold expert opinions on all matters insurance and will help you decide on the right coverage options available. 

Tailor-made motorcycle policies

Our motorcycle insurance coverage is tailored to match the needs of Virginia Beach, VA residents. Also, our coverage options are flexible and can be customized to meet your personal needs. 

Hazards are spontaneous, which makes motorcycle insurance vital for any rider. Motorcycle insurance offers you some peace of mind while riding around knowing you are covered in case of an accident. Armor Insurance Group would like to have you on board. Visit or call our office for more information and a quote. Our agents will be happy to help you.