First Rate Insurance, LLC

Medicare Advantage plans offer many things that Original Medicare may not. We can help you understand the differences and find a plan that works best for you or for you.

For insurance purposes, the most reliable appraisers are those who carry Certified Insurance Appraiser credentials. If you do not know where to locate one, your agent may be able to provide you with a list of those in the area.

Did you know that umbrella insurance policies provide insurance beyond traditional home and auto? They can also provide coverage for claims that may be excluded in primary policies, such as false arrest, libel, slander, and invasion of privacy.

Commercial vehicles used in business, especially large trucks, are not only more expensive than those for personal use, they also hold their value. You need a commercial policy that ensures you are not in a financial bind if something happens.

Although you may already have homeowners and auto insurance policies, umbrella insurance is going to cover you beyond this. In fact, this insurance is designed to insure you above and beyond the limits of those policies and may even cover some situations that wouldn’t otherwise be covered.

With personal liability umbrella insurance, you are able to include personal injury, property damage, and bodily injury caused by you, your pets, and your dependents in your coverage. This can extend to everything from false arrest to eviction and wrongful entry.

There are many benefits to having an umbrella policy, including fiscal responsibility, prudence, and more, but the biggest reason can’t be put in numbers. The truth is, when you have an umbrella policy, you get the peace of mind from knowing you’re fully covered.

There are many factors that make umbrella policies a smart choice. Do you have a maid or other people working for you in your home? A slip and fall accident could lead to a significant lawsuit.

Even if a lawsuit is frivolous and more than a little ridiculous, you still have to pay all of the expenses to defend yourself from it. Umbrella policies help take the bite out of these lawsuits by helping to cover any lawsuit costs you have.

One type of coverage you receive with an umbrella policy is property damage liability, which takes care of the cost of damage or loss to someone else’s belongings.

If you own a rental unit, umbrella insurance is a good option. This type of policy will help to protect you against liability that you may face as a landlord: everything from personal injury to someone getting bitten by your tenant’s dog.

Not only does an umbrella insurance policy provide you with added insurance, it also brings together various components of your specific insurance needs into one comprehensive policy.

If you already have purchased an umbrella policy, it’s recommended that you review it periodically to ensure that it’s up to date. In many cases, your assets may have grown while your policy limits stay the same, necessitating a higher level of coverage.

How is umbrella insurance different from excess insurance? Excess insurance only goes into effect when all other policies are exhausted, but umbrella insurance will fill in current insurance coverage gaps for wider and more accessible coverage.

If you are looking for a way to incorporate an umbrella policy into your budget, boosting the deductibles of your auto and homeowners’ insurance can reduce these premiums by hundreds of dollars.

Most umbrella policies are not expensive. In fact, insurance experts say $1 million in additional liability coverage will usually cost between $150 and $300. Add another million and expect to pay an additional $75 to $100.

Do you have valuable items, such as antiques and jewelry, stored in the attic in your home? In the event of a theft or loss of the valuables due to a fire, your liability coverage may not be sufficient. The only way to get the full value is with umbrella insurance coverage, according to experts.

Did you know that an umbrella policy covers many different situations? These include bodily injuries, property damage, certain lawsuits, and rental unit protection.

Personal liability umbrella insurance is designed to give a home or vehicle owner added liability protection without a large added cost. In addition, it will cover non-business related activities around the world.

There are several personal liability situations that are covered by umbrella insurance where they may not be covered elsewhere. This includes lawsuits involving slander, libel, false arrest, malicious prosecution, and shock or mental anguish.

Did you know that you can obtain short term umbrella insurance which will cover you for a year or less? Extra liability umbrella insurance coverage can provide additional security and peace of mind for as long or as little as you may need.

Did you know that it is necessary to review your umbrella policy annually? This way, you can keep it up to date and make sure you are getting the best coverage possible.

If you are having your home remodeled, you may want to consider adding an umbrella liability policy to your homeowner’s insurance to protect you in the event of an accident. Even if the contractors have insurance, that does not mean action cannot be taken against you if someone is hurt.