What is RV insurance?

A recreation vehicle, also known as RV, is a great motor vehicle for touring the world. Since auto insurance is a mandatory requirement in New York, your RV also requires RV insurance. Ensure that you have a custom coverage before you hit the road. Shults insurance agency can help you make an informed decision when purchasing insurance coverage for your recreational vehicle in Fort Plan, NY and beyond. It is important to note that if your RV is towed behind your car, it may be covered by your existing auto insurance.

RV insurance can, therefore, be an optional coverage in most cases. But, if the RV is driven independently, you need an insurance coverage for it. Always have an extra coverage for you RV above the minimum state requirements. This will ensure that you’re adequately protected in case of an accident or natural disaster.

Coverage Options

There are several coverage options to consider for your RV, including:

Liability Coverage– This is often a mandatory requirement in New York. Ensure that you take an adequate limit than the state minimum. It covers you from damages caused to other vehicles or properties when driving your RV or for injuries caused to other people and passengers. However, it does not cover you and your RV.

Collision- Cavers losses resulting from collision accidents with other vehicles or objects.

Comprehensive– Covers losses that are not related to collision accidents, for instance, theft, storms, vandalism, etc.

Underinsured or Uninsured Motorists– This coverage covers you and your RV in case you’re involved in an accident with drivers who either lack insurance or carry inadequate coverage.

If you own and operate an RV in Fort Plan, NY, Shults Insurance Agency is your one-stop shop for all kinds of RV insurance. Contact us today for more information on our coverage plans or head straight to our website to get a quote.

The Basics of Renters Insurance

A renters insurance policy is ideal for people living in rented homes. This type of policy helps protect your appliances, electronics, furniture, and/or any other personal belongings in the event that they are damaged or stolen. It also covers legal defense and medical expenses in case an injury occurs at your rented home. Here are the three types of protection that a renters insurance from Shults Insurance Agency in Fort Plan, NY offers.

Personal property coverage

Events such as fire or theft can lead to loss of your personal property, which can be very costly to replace. But, if you have renters insurance, the process will be a bit easier. Note that the policy may not cover every item in your home, so it pays to know the limit of your personal property coverage.

Liability coverage

Liability coverage will come in handy in the event that you are found responsible for the injuries sustained by other people or their property. For instance, if a visitor slips and twists his leg in your rented home, this coverage will cater for the medical expenses resulting from the incurred injuries.

Additional living expenses

A rented home will typically serve as your home until your lease expires. But, if by bad luck your home gets hit by disasters such as fire, or flood, you will be forced to move into a hotel and even spend more than expected on food. The additional living expenses policy helps cater for those secondary expenses. Again, don’t forget to read carefully, the terms of your coverage to know the limit of your compensation.

A renters insurance is a personal necessity if you are living in a rented house. For more information on this type of policy and to choose a package that suits your needs, give us a call at Shults Insurance Agency today!

 

What Factors Should You Look For When Buying Motorcycle Insurance

After purchasing a motorcycle, you need to purchase motorcycle insurance. Unfortunately, here at Shults Insurance Agency, serving the greater Fort Plain, NY area, we have found that many individuals do not know what to look for as they look to purchase a motorcycle insurance policy. We want to take the time to educate those who need motorcycle insurance, so they can find a policy best suited to them. Here are a few of the factors you should look for when you are looking to buy motorcycle insurance. 

The Coverage Amounts

As you look to purchase motorcycle insurance, be sure to pay close attention to the coverage amounts, or coverage limits, on the policy. There should be two limits for each option; one is per person and one is per accident. Some of the categories include liability, collision, comprehensive, medical expenses and passenger liability. Ensure that policy you select has coverage limits that are high enough to fully cover you in the event of an accident. 

The Deductible

Another important factor to consider when you are looking to purchase motorcycle insurance is the deductible. The deductible is the amount you have to pay before your policy kicks in. The higher the deductible, the lower your policy tends to be. However, having a high deductible does you no good if the deductible is so high you don’t have the money to pay it in the event of an accident. As such, carefully consider the deductible when buying a motorcycle insurance policy. 

Paying close attention to all of these factors will help you find the right motorcycle insurance for your needs. As you look for insurance in the greater Fort Plain, NY area, let Shults Insurance agency help. Contact us today to get a free motorcycle insurance estimate. 

Is Boat Insurance Necessary?

Boating is a fantastic pastime, and owning a boat is a pleasure, but without the right protection, your boat may be in danger. Boat insurance can do a great deal to help keep your boat safe while it is out on the water and knowing what type of coverage is going to work best for you is essential. For those in upstate New York, the agents with Shults Insurance Agency can help you find your perfect policy.

Boat insurance is not something that is necessarily required, but you may need it if you are planning on boating in private bodies of water that you do not own, or in public areas where it is required. Boat insurance is something that is nominal when it comes to the premiums and is, therefore, always a good idea if you have a boat that you use with any frequency. Instead of taking out a policy that you may not use, try finding one that is tailored to your boating habits so that you can get the most out of it.

Boating is great, and having the proper insurance can help you protect yourself and your boat, as well as preventing you from having to pay the full medical bills of your passengers or any other boaters should you be involved in an accident.  Boat insurance is relatively inexpensive, and can be beneficial to anyone that has a boat.

For those in upstate New York, the agents with Shults Insurance Agency can help you tailor a perfect policy.  Contact our offices to get a quote.

Insurance Tips for Going to College

College is expensive enough without finding out too late that an accident or theft isn’t covered under your current policies.  So, as you get your children ready to head off to school in the fall, there’s one vital “to-do” to add to your list (other than writing that tuition check): a review of your insurance coverage.

It’s important to keep in mind that policy language varies from state to state, and there are never “one-size-fits-all” situations, but below is a general guide. If you have questions, or want to go over your insurance needs, don’t hesitate to contact us!

AUTO

  • Coverage without a car at school: If your student will continue to drive while at home on school breaks, they should continue to be listed on your auto policy.  If they are attending school more than 100 miles from home, and are not taking a vehicle with them, the policy may qualify for a distant-student discount.
  • Coverage with a car at school: In most instances, a car registered to parents and listed on their policy will be covered if used by a listed student away at school.  But you should make sure that your insurance carrier writes coverage in the college’s state and location.  And note that a change to the principal location of the vehicle could result in a change in premium.
  • Driving a friend’s car at school: Students generally would be covered while driving a friend’s car if the students are listed on their parents’ policy and do not have regular use of the vehicle.  The coverage would likely be secondary in this case, as the carrier for the friend’s vehicle likely would be the primary coverage.
  • Coverage discounts: In addition to the possible distant-student discount mentioned above, students may qualify for a good-student discount. To qualify, most insurance carriers require that a student must be enrolled in at least four courses per term as a full-time student at an accredited college or university and meet certain academic qualifications.  Also, drivers under the age of 21 who complete a driver education course may be eligible for a policy discount.

HOMEOWNERS

  • Coverage of personal property: Most homeowners policies provide 10 percent of Coverage C (Personal Property) for property owned by an insured that is at a residence other than the insured’s.  For example, if the contents of a policyholder’s home are insured for $100,000, a student’s property up to $10,000 would be covered if living in a dormitory – provided the damage is caused by a covered peril and the student meets the definition of an insured.
  • For apartments or houses off-campus, the same coverage generally applies.  Certain items, such as jewelry or expensive electronics, may require special coverage, or a “rider.”  Renters insurance is strongly recommended if a particular policy does not cover a student’s personal property.
  • Liability coverage: There usually is an exclusion for damage to property rented to an insured, so generally damage to a dorm room or apartment would not be covered.
  • Ensuring adequate coverage: Contact us to get specific answers and information about your coverages.  Also, it’s a great idea to create an inventory of the items your student is taking to school, as is keeping photos of and receipts for the items.
  • Renters insurance: If your student’s needs can’t be met under your current policy, don’t forget renters insurance.  Landlords’ policies generally only cover the structure, not the possessions of renters.

Going away to school is an exciting time for both students and their parents. Making sure you’ve got the right insurance coverage can help you protect your assets as you invest in your child’s future.  We’re happy to discuss your coverage and options — just give us a call or stop by!

Why You Should Have Umbrella Insurance

If you own a home with substantial equity, have a sizable investment portfolio, or possess other accumulated wealth, then your basic homeowner’s policy may not be enough. Consider extending your coverage with umbrella insurance from Shults Insurance Agency in Fort Plain, NY.

The Benefits of an Umbrella Policy

When your assets are worth more than your combined insurance coverage, umbrella coverage is your next step in protecting the things and people you’ve worked so hard to acquire and protect. Without umbrella coverage, you could be putting at risk your children’s college money, your retirement savings, and prized possessions like a sports car.

Umbrella insurance is one of the insurance options that pay claims in excess of the specified limits of other policies. Your basic homeowner policy will pay up to their limits, but if that limit is a million dollars and a claim is in excess of a million dollars, without some extended coverage, your options are to pay out of pocket or fight the claim in court.

Umbrella insurance isn’t the only option for extended coverage, but it is probably the smartest. Similar to umbrella insurance is what is called excess insurance. However, excess insurance operates differently than umbrella insurance. Excess insurance will extend the financial claims of a homeowner policy, but only according to the coverage of the primary homeowner’s policy.

Umbrella insurance not only covers financial liability beyond the coverage of your basic homeowner’s policy, but it will also cover things that your basic insurance does not cover. Umbrella insurance will often cover the exclusions of your basic policy and provide broader coverage than a homeowner’s policy. For those at risk of having to use their own money to pay claims, umbrella insurance is the option that provides the most peace of mind.

Consider contacting your agent at Shults Insurance Agency, serving Fort Plain, NY, for a friendly and knowledgeable analysis of how umbrella insurance can benefit you and your family.

Summer Energy Savings

Beat the Heat — and Your Air Conditioning Bill — This Summer

Did you know that, according to the U.S. Department of Energy (DOE), Americans spend about $11 billion each year on air conditioning? That might not be such a surprise if you’re the one who writes the check for your household energy bill every month.

Believe it or not, you can spend less on cooling costs while still keeping cool. Here are five things to do before you reach to adjust the thermostat:

  1. Make sure your house isn’t part of the problem.  If your home isn’t insulated and sealed well, warm air could be leaking in, sabotaging your efforts to cool things down.  Make sure all cracks and openings are sealed, along with your ducts.  The DOE says air loss through ducts can account for 30 percent of the energy a cooling system uses.
  2. Keep that breeze flowing.  Natural ventilation is a great way to decrease the temperature in your home without using any energy.  Open windows in the mornings or evenings when the air is cool and get a cross-breeze going throughout the house.
  3. Check that the heat isn’t on.  You might be heating your house in the summer without realizing it.  How?  By using the oven, stove or other appliances that generate heat.  Cook outside whenever you can, and use the dishwasher and clothes dryer at cooler times of the day if possible.
  4. Create your own personal cool zone.  Cooling the whole house might not be necessary if you’re only using a few rooms.  Set up fans (ceiling fans will allow you to set your thermostat a few degrees higher), drink plenty of cool liquids and eat cold foods, which can help lower your body temperature.  You might even consider wearing a damp shirt to stay comfortable or putting an ice pack on your forehead, the back of your neck or your wrists.
  5. Don’t forget the basics.  When it’s sunny outside, keep your curtains closed.  Minimize your use of lights, as they generate heat.  And, when the outside air is warmer than the air in your house, close the windows to keep the cool air in.

We can’t promise these tips will keep you just as cool as when you kick back and turn on the AC full-blast.  But saving money every month?  That’s pretty cool, too.

 

What Do I Need To Do To File A Flood Insurance Claim?

One of the most traumatic incidents a homeowner can face is a flood. Once affected by this type of event, homeowners may be at a loss about where to begin to file their claim. Getting your information turned in for your claim immediately is part of the key to getting your settlement and getting back to normal quickly. Knowing what to do in advance can help make the process easier and prevent issues during processing.

Making A Claim

As soon as the flooding incident takes place, the homeowner should immediately contact their insurance provider. Once they have made the initial contact, it is crucial to document the damage as thoroughly as possible. Pictures, video, and any other proof will allow the claims process to go more smoothly. As soon as the documentation is submitted, there is a proof of loss process that must be followed to submit the claim entirely.

Getting Support

When people experience loss as a result of a flood, they need additional support and guidance to get the protection and funds they need to begin to repair or replace the home. Having an experienced, knowledgeable insurance agent to guide them and help them submit their information can be crucial to getting the claim settlement.  If your home is in a flood zone, contact our office to make sure that you have the proper coverage to protect your property.

 

When’s a Good Time to Update Your Home Insurance?

Anytime you make significant changes to your home or lifestyle, review your policy to see if the changes affect your coverage. You may need to update your policy to continue getting the protection you need. Your Shults Insurance Agency representative can help you evaluate your current insurance plan and make any necessary adjustments to maintain protection for your home and family. Here are a few examples of when and why to update your home insurance policy.

Home Renovations

If you’ve made significant renovations to your home, such as remodeling a kitchen or adding a new patio, you need to update your insurance. Home renovations won’t be automatically covered by your current insurance plan. They need to be added to your policy in order to protect your investment.

Purchase of Pricey Items

If you purchased pricey electronics or other expensive goods over the last year, you might need to raise your insurance limits to protect these items against theft or loss. Standard home insurance policies have limits for protecting valuables. If the value of your goods exceeds the limits on your policy, you’ll need to make adjustments to your coverage, such as getting an insurance rider, to get the protection you need.

Lifestyle Changes

Lifestyle changes like marriage or retirement will also affect your home insurance. Marriage often results in combining two households which means more items will need to be covered under your policy. If your new spouse has a dog, you’ll need to update your liability coverage to include your pet in your policy. Your retirement may qualify you for discounted rates on your policy.

By staying in touch with your Shults Insurance Agency representative in Fort Plain, NY, you can keep your home insurance coverage current and up to date.