Author: admin

Reasons You Need Business Insurance

Posted on by admin

When you first start a business, you are going to want to watch your expenses closely. You aren’t going to want to spend any more money than necessary. That being said, business insurance is going to be one of those things that you need. Consult with Richard Zeises Agency in Jenkintown, PA to learn more about your options.

Here are some reasons why you need this coverage:

Most states require you to have insurance for your business

If you are running a business, you are required by law to protect it with insurance. 

It will protect your employees

It is important that you have worker’s compensation insurance in case one of your employees gets hurt on the job. 

It will also protect your customers

Liability insurance will cover any medical expenses for those who are injured at your business. It will also protect you against property damage. 

It can also protect you against data breaches

If you deal with sensitive information, you are going to want to make sure that your client’s information is secure.  

Business insurance will protect you against lawsuits

If you ever get sued, you may end up losing your business, so you need to be protected. 

Though you may not want to have insurance, the truth is that your state may require you to have some. However, you should think about other reasons why you need it. You need to protect yourself, your employees, and even your customers. If you deal with serious information, you need to make sure that it stays safe and protected. Your business insurance will also help you if you get sued. 

Give Us A Call

If you want to make sure that your business is fully protected, you should contact us today at Richard Zeises Agency in Jenkintown, PA. 

Will homeowners insurance cover damage to my backyard shed?

Posted on by admin

Homeowners insurance covers your personal belongings as well as your home’s exterior and interior. A typical homeowners policy even covers other structures or dwellings on your property.

At the Richard Zeises Agency, we’re dedicated to helping Jenkintown, PA homeowners understand all the benefits of homeowners insurance. 

What’s Covered

Homeowners insurance will pay for the repair, rebuilding, or replacement of your home, the structures on your property, and your personal belongings. This includes repairs to your shed if it’s damaged by a covered accident or peril.

However, homeowners should note that not all damage to your home, the structures on your property, or your personal belongings are covered under a homeowners’ policy. Although coverage and repair are provided for many different situations by a homeowners policy, not all are.

Our team at Richard Zeises Agency in Jenkintown, PA can go over what’s covered by your policy. 

Other Considerations

Homeowners insurance is designed to cover just about everything on your property. This includes your car, garage, roof, ceiling, electrical, plumbing, furniture, clothes, and much more. Theft, damage, and anything destroyed. However, if you accidentally drive your car through your garage door, or burn down your shed, your policy may not cover or repair, or replace the damage. For example, accidentally damaging your new couch while carrying it up a flight of stairs wouldn’t be covered by your homeowner’s policy.

Unintentional damage caused by accidents and/or negligence isn’t covered under a homeowners’ policy. However, there may be provisions in your policy that may make allowance for some accidents or situations. 

Give Us A Call

If you have questions regarding what’s covered under a standard homeowners policy, give us a call. We can explore your unique situations to determine the best coverage for you.

What Is The Difference Between Classic Car Insurance And Regular Insurance?

Posted on by admin

Classic car insurance typically offers higher limits than standard car insurance and can be more expensive. Classic car owners should consider all the risks and rewards of the hobby and shop around to find a policy that best suits their needs. You can buy classic car insurance through a specialty broker. By contacting Richard Zeises Agency, you get professional aid in Jenkintown, PA. 

What to Know About Classic Car and Regular Insurance 

Classic cars need special insurance because of their high resale value. Regular insurance will not cover for damages if your classic car is involved in an accident or otherwise damaged, because regular insurance policies do not cover for the resale value of your vehicle. You can not buy the cars at the price of an ordinary car, since they have a high resale value. 

Most classic car owners prefer to keep them in their collection rather than selling them. Classic cars are considered collectible and are subject to higher insurance rates than regular cars. You’ll need regular car insurance to cover any damage to the car. 

A classic car’s value depends on the year it was made, its condition, and the materials used to make it. If you own a classic car, you need to have an insurance policy to protect your investment in case of accidents or theft. Classic car insurance can be costly if you do not shop around for auto insurance quotes in advance. 

To help keep your costs down, find an insurer that specializes in providing classic car coverage and has good reviews. One way to find such companies is by searching online for “classic car insurance” or “classic auto insurance” and reading through reviews from previous customers who have worked with these companies before. 

You can also ask friends and family members if they know of any reputable insurers that specialize in classic auto coverage so you can compare rates yourself and make your decision based on price alone. 

Regular auto insurance policies cover damages caused by collisions with other vehicles or objects, as well as damages caused by theft or vandalism of your vehicle if it’s parked at home or elsewhere when such things occur. 

Bottom Line 

Classic car insurance can be purchased in addition to or instead of regular car insurance. It may be purchased from the same company as your regular car insurance or from a different company. 

The insurance can protect your car from financial loss due to the expense of repairing or replacing your car. For help in Jenkintown, PA, call Richard Zeises Agency.

How Much Renters Insurance is Sufficient?

Posted on by admin

If you are a tenant in Jenkintown, PA, don’t be like most renters who overlook renters’ insurance because they think the landlord’s insurance covers them. While the landlord may have insurance, this only covers the dwelling but not your assets. To ensure your assets are well-covered, you have to purchase renters insurance from Richard Zeises Agency.

But how much renters insurance should you buy? Often, we have seen policyholders encounter a disaster only to find out that their underlying insurance covers part of their loss. Buying insufficient insurance can hit you hard when calamities strike.

How much content coverage do I need?

Renters insurance compensates you for the loss or damage to your assets. But for you to ensure all your assets are covered, conduct a room from room inventory count to ensure nothing is missed. Once your inventory count is done, value your items and get coverage covering all your stuff.

The next thing is to decide the amount of deductible you need. We usually tell our clients to consider a deductible they can afford. Please don’t go too high, as it can mess up your liquidity. Also, please don’t go too low as it will raise your premiums. We will help you strike a proper balance between the deductible amount you need and the premiums to pay.

How much liability coverage do I need?

Renters insurance protects you and your loved ones when you cause bodily injury or property damage to others. Most renter’s insurance policies give $100,000 in liability coverage. While this may be sufficient for most renters, we advise our clients to raise the amount to $300,000 if they have a dangerous pet or throw parties in their dwelling. Umbrella insurance is an excellent option for those who need super-high liability coverage.

Still fumbling with the amount of renters insurance you need? If you are in Jenkintown, PA, please contact Richard Zeises Agency for personalized advice.

How Umbrella Insurance Can Protect Your Finances

Posted on by admin

Many people think of umbrella insurance as something that only the wealthy need. But the truth is, umbrella insurance can be a smart financial move for anyone. Umbrella insurance is designed to provide protection beyond the limits of your standard homeowners, renters, and auto insurance policies. It is a type of supplemental insurance that provides extra protection in case you are sued for more money than your regular homeowners, renters, or auto insurance policy would cover. For example, if you are sued for $1 million, and your regular homeowner’s policy has a limit of $500,000, your umbrella policy would provide the additional coverage you need.

Richard Zeises Agency in Jenkintown, PA presents a few key reasons you might want to consider umbrella insurance. 

How Umbrella Insurance Can Protect Your Finances

1. The Cost of Insurance Is Relatively Low

The cost of umbrella insurance is relatively low compared to the amount of coverage you get. This makes it a cost-effective way to provide extra protection for your finances.

2. Umbrella Coverage Can Help Protect Your Assets

If you are sued for a large amount of money, umbrella insurance can help protect your assets. This is especially important if you have a lot of savings or property that you would not want to lose in a lawsuit.

3. Umbrella Insurance Is an Easy Way to Increase Your Coverage

If you have a lot of assets that you want to protect, umbrella insurance is a good way to increase your coverage. It can provide added peace of mind in case of an unfortunate event.

If you’re looking for extra protection for your finances, umbrella insurance is a smart option. It’s affordable, covers a wide range of situations, and can help protect your assets in the event of a lawsuit. So if you’re interested in learning more about this type of coverage, be sure to contact Richard Zeises Agency today. We can help you find the right umbrella insurance policy to meet your needs in Jenkintown, PA.

 

 

 

5 Myths about Flood Insurance

Posted on by admin

If you live in a flood-prone area, it’s important to have flood insurance. But many people don’t have it, and there are some myths about flood insurance that may be keeping them from getting it. This post will dispel those myths and help you understand why flood insurance is so important.

Myth #1: Flood Insurance Isn’t Necessary if Your Home Is Paid Off

Many people believe that they don’t need flood insurance if they have a mortgage because their home is no longer at risk of being taken away from them. Remember, flooding is one of the most common natural disasters, and it doesn’t discriminate based on credit rating or income. Flooding can affect anyone, regardless of how much they have in savings or debt.

Myth #2: You Don’t Need Flood Insurance Unless You Live In a High-risk Area

Every homeowner is at risk of flooding, whether they live in an area that’s officially designated as a high-risk zone or not. Every year, severe weather events make it to the national news, and if you happen to be in the path of these storms when they hit your area, you could very well find yourself flooded, even if it’s not common in your area.

Myth #3: Flood Damage Is Covered by Homeowner’s Insurance Policies

Most standard homeowners insurance policies do not cover flood damage, so it’s crucial to have a separate flood insurance policy.

Myth #4: Flood Insurance Is Too Expensive

Insurance is always about risk management, and flood insurance can be affordable if you research. If you’re not sure how much flood insurance will cost for your specific area, call up multiple companies for quotes before purchasing your policy to find the best value.

Myth #5: Flood Insurance Isn’t Worth the Cost

This is one of the most common myths about flood insurance, but it couldn’t be further from the truth. If you happen to get flooded, you’ll be thankful you have flood insurance. And if your home is destroyed, the cost of replacing it – even in a high-risk zone – could easily be more than your flood policy will cost you.

It’s important to remember that almost anyone can get flooded, regardless of income, credit rating, or whether their home is paid off or not. Flooding occurs frequently enough that you could lose your home at any time. Richard Zeises Agency in Jenkintown, PA offers flood insurance and can help you figure out how much it will cost to protect your home. Call us today for a free quote.

What does condo insurance cover?

Posted on by admin

People choose condo living for a variety of reasons. It may be a more affordable way to break into the real estate market, or it may be that you don’t want to have to do exterior maintenance. The reason you purchase doesn’t matter, what does matter is that you make sure that your condo has the right insurance. At Richard Zeises Agency in Jenkintown, PA, we work with a variety of carriers, and we can provide you with the perfect condo insurance for you. 

The condo association has a master policy that covers the part of the condo you are not responsible for. This includes the roof and exterior walls. How far it covers inside the walls depends on the policy, and it is up to you to read the policy so that you know exactly the type of condo insurance you need to have. 

Your property coverage covers the interior of your condo and things that are fixed features like your kitchen cabinets, bathroom fixtures, floors, and built-ins. 

Content coverage protects your personal property. This includes your furniture, small appliances, and things like your washer and dryer. Your clothing and jewelry, decor, electronics, and other possessions like seasonal decorations and books. You have two options for coverage; the current value of your possession or the cost of replacing the item today, no matter how old it is. 

Liability insurance protects you against the results of someone being injured while visiting your condo or by a member of your family, even away from home. 

Your condo policy should also include loss of use coverage. If your condo is damaged and not habitable, it helps to pay for a place for you to stay while the repairs are taking place. 

Contact Richard Zeises Agency in Jenkintown, PA for all your condo insurance needs. 

Who Needs Auto Insurance in Pennsylvania?

Posted on by admin

Many Jenkintown, PA residents rely on a vehicle for their daily tasks, like taking children to school, driving to work, running errands, and much more. Cars are a convenient way to get around, particularly in the cold winter months when nobody wants to be outside in Pennsylvania. 

What is the required auto insurance in Pennsylvania? 

Pennsylvania requires that all drivers have some coverage, including $15,000 for injury or death for one person and $30,000 for injuries impacting two or more people. Additionally, each driver is required to carry property damage coverage.

If this seems minimal to you, it’s because it is! 

Auto insurance can provide a much bigger security net than the legal minimums the state requires. There are great coverage options and the team at Richard Zeises Agency wants you to know that you don’t have to skimp on coverage to get a great policy. 

Insurance options to protect drivers

Collision and comprehensive coverage are common types of coverage that many people elect to have. Underinsured motorist coverage ensures that you are protected if somebody who lacks the appropriate liability insurance hits your vehicle. Uninsured motorist coverage is the same, but for someone who has no auto insurance. 

It’s easy to feel confident and carefree while driving in Jenkintown, PA – gorgeous scenery, quality roads, and safe vehicles. 

Unfortunately, just because you’re a cautious driver and are aware of your surroundings doesn’t mean you may not encounter a dangerous or distracted driver. In order to prevent any financial stress or hardship should you get in an accident, auto insurance is the best coverage you can provide for yourself and your family’s well-being.

Richard Zeises Agency in Pennsylvania is ready and willing to help residents find a high-quality auto insurance plan that fits the needs of their lifestyle. Contact us today! 

Umbrella Insurance: A Policy That You Need? Or No?

Posted on by admin

At Richard Zeises Agency, we provide umbrella insurance policies for Jenkintown, PA area residents. Our team can provide the kind of in-depth policy that your company needs. But do you need one of these policies? Let’s find out now.

Why You Might Need Umbrella Insurance 

Big businesses with a high potential for loss typically need an umbrella insurance policy. This different type of liability coverage pays for what your standard policy does not, ensuring that you get the detailed protection necessary to avoid long-term financial struggles. 

If you’re a major corporation or a business that does millions of dollars in deals regularly, you need an umbrella policy right away. People coming at you with a lawsuit will be swinging big, and you need protection that will keep you from losing out too much in the process.

When Umbrella Insurance Might Not Be Right for You 

While umbrella insurance policies are usually an excellent investment, some people may not need them. For example, if your business is relatively small and doesn’t have a high risk of liability problems, umbrella policies may be extraneous and cut into your bottom line. 

As you expand, though, it is wise to start considering your umbrella insurance policy upgrade. First, talk to your commercial insurance provider about your policy to see what limits it provides. If your company gets to the point where it could experience losses on that level, buy an umbrella policy. 

Call Us to Learn More

Contact us at Richard Zeises Agency to protect your Jenkintown, PA area business with an umbrella insurance policy. You deserve the peace of mind these policies can provide. We’re always ready to give you the help that you need to keep yourself and your business safe with better insurance.

Types of flood insurance coverages

Posted on by admin

Did you know that statistics reveal that only 20% of American homes in flood-prone areas get protected by flood insurance? Floods are the most distressing and unpredictable as they can strike in areas where rain is rare. If you are a Jenkintown PA resident, it’s instrumental in purchasing flood insurance to avert suffering from colossal financial loss. Since flooding is unpredictable, it requires one to develop a contingency plan. Statistics show that about 20% of all flood insurance claims in Pennsylvania emanate from low to moderate risk areas, warranting formidable flood insurance. Unfortunately, many Jenkintown, PA residents only think about flood insurance when unforeseen peril strikes. Don’t allow floods to wreak havoc on your finances when there is a solution! Contact our agents at Richard Zeises Agency; they will assist you in acquiring outstanding flood insurance suiting your needs and budget, irrespective of where you reside.

Is flood insurance mandatory in Pennsylvania?

Flood insurance isn’t required for every home in Pennsylvania. Nonetheless, if your property is located in flood-prone areas, you might need to buy flood coverage as a security for your outstanding mortgage. Since also, standard home insurance policies don’t cater to flood-associated losses. Pennsylvanians should safeguard their dwellings with prolific separate flood insurance. It’s crucial to get flood insurance among the following coverage options.

Building property coverage: This coverage safeguards the house itself. It covers the physical structure and its:

  • Electrical and plumbing systems
  • Window blinds
  • Permanent installation of paneling, cabinets and bookcases.
  • Permanent installation of carpets
  • Detached garages and sheds
  • Furnace and water heater
  • Refrigerators and dishwashers
  • Fuel tanks, pumps and solar energy equipment

Personal property coverage: It safeguards personal property(contents)in the building. It covers:

  • Freezers and the contents inside
  • Portable appliances.
  • Electrical gadgets
  • Furniture.
  •  Curtains.

Devastating floods can occur abruptly both near the coast and also in dry areas. Devoid of proper flood insurance, you can plunge into an insurmountable financial burden of settling flood-related damage costs out of pocket. Please call or visit us at Richard Zeises Agency serving Jenkintown, PA and the surrounding community to get a flood insurance policy that matches your needs and budget.