Boardwalk Insurance Group | Auto, Home, Commercial, Life and Health Insurance for Residents and Companies in the United States

Archive for May 2012

Auto Insurance Protects Your Vehicle 4.67/5 (93.33%) 3 votes

Whether used as a daily commuter, a weekend cruiser, a grocery getter, or a piece of the work fleet, your vehicles are generally a very important part of your daily life.  Vehicles can also be a significant investment on the part of the owner, whether it is a personal vehicle or a business vehicle, and auto insurance is a must to protect it.  More importantly, most states require auto insurance, making it the law.

Both personal auto insurance and commercial auto insurance come in many different shapes and sizes, just like the vehicles they insure.  Basic auto insurance comes as simply liability insurance, shielding the owner from the costs of repairing the damage and medical costs if the insured driver is responsible.  The minimum liability auto insurance limits are what states regulate as part of their minimum auto insurance requirements.  In addition to liability auto insurance, collision and comprehensive auto insurance can also be taken out for your vehicle.  Collision auto insurance protects vehicle owners from the costs of repairing a vehicle when it is involved in a collision.  Sometimes collision auto insurance is required for an auto loan.  Comprehensive auto insurance protects the vehicle owner from the cost of damage resulting from many other hazards besides a collision, including “Acts of God” hazards, including tornadoes, floods, or hail.

In addition to standard auto insurance and commercial auto insurance policies, there are several add-on policies that have special protections.  Increasingly, auto insurance is neglected as money gets tight, and in the event of a collision, the party at fault does not have insurance or the financial ability to cover the repair costs.  Uninsured and under insured motorist auto insurance protects the policy holder if the at-fault party cannot afford to cover repairs, whether the at-fault party is insured or not.  Loss of use auto insurance reimburses the policy holder for the cost of a rental vehicle while an insured vehicle is being repaired due to covered damage.

Commercial auto insurance also has special insurance considerations.  In personal auto insurance policies, for the most part, the owner is the operator.  For commercial auto insurance, many different users can use the vehicle and need to be covered.  In addition, the potential operators might have the option to operate many different vehicles in a corporate fleet.  This kind of flexibility requires commercial auto insurance to have special provisions for this.  In addition, for large fleets, commercial auto insurance can be provided through a fleet insurance package, which can be a more cost effective insurance solution than individual commercial auto insurance policies.

Auto insurance is almost universally a necessity and many insurance providers offer both personal auto insurance and commercial auto insurance options.  However, shopping for auto insurance quotes and business insurance quotes for commercial auto insurance can be very time consuming.

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Hotel Insurance Protects Your Business 4.50/5 (90.00%) 6 votes

The service industry is built on pleasing customers with outstanding customer service, and running a hotel is no different.  To protect your hotel from disaster and liability, a hotel insurance policy can be bound from many different insurance agencies.  Similar to other business insurance policies, hotel insurance combines a strong property policy that can be tailored to cover both natural and manmade disasters strong liability policy with a, due to the large number of third parties, or guests vital to the health of the property.  Getting business insurance quotes for hotel insurance should be a pretty simple task, since many insurance providers offer hotel insurance.

The property coverage of hotel insurance is the most variable part of the hotel insurance policy.  Hotels have quite a bit of property that is cycled in and out of use, and it is no secret that some of it can disappear at the end of a guest’s stay from time to time.  Also, while hotels try to find the most robust property to put in their guest rooms, it can still become damaged due to the actions of others, requiring a property policy that protects the hotel from losses due to damage from guests.  Hotel insurance typically includes contents coverage for this, protecting anything from the bedding to the telephone and TV in the room, items that are seemingly constantly being upgraded to increase patronage.  Hotel insurance contents coverage also protects from other hazards, including damage and loss from other perils such as fire or storm damage.  To protect the viability of the hotel, many hotel insurance policies also include business interruption coverage, ensuring the hotel does not go bankrupt while recovering from insured events.  Other losses that can be covered by hotel insurance include theft by employees, an unfortunate reality that must be faced in the workplace, and equipment failure, which protects from losses incurred due to the breakdown of business equipment, such as computers.

For liability coverage, hotel insurance needs to be more serviceable since the third party guests are what keeps the hotel a viable business and requires a veritable army of employees to keep the hotel running smoothly.  Included in hotel insurance are both public and employers liability, protecting the hotel owners from the costs of an injury to guests or employees while on the hotel property.  Fighting claims can also be a significant expense, so hotel insurance also can cover legal expenses while defending the hotel from liability claims.

Insurance is a necessary business tool to protect from loss and help preserve a business’s viability.  For hotels, customized hotel insurance can be the savior of the property when unfortunate events strike.

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Auto Insurance Information 4.58/5 (91.67%) 12 votes

Insurance is designed to reduce most of the financial liability or loss of property resulting from unforeseen events.  Auto insurance is no different, shielding automobile owners from the risk of financial harm or loss resulting from a vehicular collision or other vehicular damage.  While the type of auto insurance can vary based on the purpose of the vehicle, most auto insurance policies fall under personal or commercial auto insurance.

Auto insurance in some form is required in every state where Boardwalk Insurance is licensed to create insurance policies except for Virginia, where a $500 annual fee is required if liability insurance is not purchased.  Other states require by law some form of auto liability insurance to cover injury or property damage caused.  However, the minimum insurance rarely covers damages to the person at fault, so choosing the right auto insurance policy is very important.

Full coverage auto insurance covers both the operator and the other parties involved in a collision and includes collision insurance, comprehensive insurance, and liability insurance.  Collision insurance will cover repair costs of a vehicle or the cash value of the vehicle if it is totaled.  Comprehensive insurance covers vehicles in situations other than collisions, such as fire, damage from theft, vandalism, or other damage.  Boardwalk Insurance comprehensive auto insurance policies will also cover “Acts of God” beyond human control, such as floods, tornadoes, or other similar events.

To cover business property and absorb the financial risk from damage, commercial insurance policies are available from the Boardwalk Insurance Group.  To cover work vehicles, commercial auto insurance policies can be created.  For most vehicles, commercial auto insurance is not needed, however a vehicle owned by the business and used for more business than personal use, a policy can be advantageous.  Generally, employees using work vehicles are less likely to treat them as their own, and work vehicles are more likely to be put under more stress and in more hazardous situations, so commercial auto insurance could be a very helpful solution, especially in heavier industries.

Insurance is meant to protect people from the unexpected, and auto insurance is required nearly everywhere to do so.  Finding the best policy to suit your needs can be a daunting task as well, given the many options in both type of coverage and cost of coverage.  Boardwalk Insurance Group is an independent insurance agency that is affiliated with 23 well known and respected insurance carriers.  The independent insurance agents will take the time to learn your requirements and craft an auto insurance policy that meets your needs and budget.

As independent insurance agents and brokers, Boardwalk Insurance Group serves their customers first. To do this, Boardwalk represents a full line of quality and competitive insurance companies to meet its customers’ specific needs at great prices. Using their state-of-the-art, “on-line” computer rating system, they can make instant rate comparisons of the finest insurance companies to find the best value for their customers.

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Boardwalk Insurance Group has Marine Insurance 4.20/5 (84.00%) 5 votes

Owning a boat or ship opens you up to a lot of potential hazards while on the water.  Whether your water craft is for personal pleasure or commercial business, marine insurance or boat insurance can protect you while on the water.

Marine insurance can cover a wide range of aspects concerning marine operations and boat ownership.  The simplest marine insurance policies cover against damage or the loss of the boat or ship; however more comprehensive marine insurance policies can cover damage and liability to third parties and their property.  Marine insurance is also typically required on the boat or ship when taking out a loan to purchase the boat.  Boat insurance can cover a wide variety of crafts, from jet skis to luxury yachts to commercial vessels.

For personal craft, once a boat is paid for and marine insurance is no longer required, liability coverage is still recommended.  Liability coverage on boat insurance protects you if a third party is injured or their property is damaged, and it still covers damage to your boat or ship.  Personal marine insurance can be customized to cover salvage operations, including fire, sinking, fuel spills, and running aground.  Dock liability coverage can also be added to a marine insurance policy, protecting yourself from damage done to a marina or dock where your boat is docked.

Commercial marine insurance also has provisions to protect cargo in addition to many of the same protections in personal boat insurance.  Water transportation has some of the most unpredictable hazards, and even those that can be predicted are hard to avoid.  Pitching and rolling of ships can damage cargo as it rolls around inside the hold of the ship itself, despite the best packing by the company that packed the contents.  Commercial marine insurance protects the owner of the ship from having to cover the cost of the damages.  In addition, commercial marine insurance needs more provisions for employees, as well as third parties, since contractors are used on some larger vessels to have a full crew.  Also, since commercial vessels are generally larger that personal vessels, commercial marine insurance can cover larger ships than personal boat insurance.

Marine insurance can be very strict, with policies spelling out every minute detail and can be void if the details of the insurance policy are not regarded.  Finding the best personal boat insurance quotes or getting business insurance quotes for a commercial marine insurance policy can therefore be very time consuming and if the details are not checked and double checked, a missed item could be potentially disastrous.  An independent insurance agency can help out, since most have the ability to write policies for many different insurance providers.

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Protect Your Property With Boardwalk Insurance 4.42/5 (88.33%) 12 votes

The roof over your head is something that should never be taken for granted.  While it is a shelter, it has many more functions that you do not think about on a daily basis.  That is why protection in the form of homeowner’s insurance is so important, so when disaster strikes, you are not left out in the cold.

Homeowner’s insurance is the best way to protect your home and property from disasters that may befall it.  Not only to most homeowner’s insurance policies cover the structure itself, it also covers the property inside, as well as gives the homeowner liability insurance from accidents that might happen in the home or on the property.  There are many types of homeowner’s insurance policies to fit many situations and protect from many hazards, depending on how much you want your coverage to be.  In addition, the cost of a homeowner’s insurance policy is related to the home and the value of the contents inside you want insured.

The basic homeowner’s insurance policy is called the HO1, and lists 11 hazards or perils that it protects from.  Nearly every time, to get a mortgage on a home, some form of homeowner’s insurance might be required.  While doing without homeowner’s insurance in general is not recommended, for the term of the loan, the HO1 homeowner’s insurance policy will provide enough coverage.  The basic hazards included on the HO1 homeowner’s insurance policy typically include fire, lighting, windstorm, hail, vandalism, theft, damage from vehicles, civil commotion, glass breakage, volcanoes, and personal liability.  To expand what perils are covered for a minimum rate, the HO2 homeowner’s insurance policy can be used.  The HO2 homeowner’s insurance policy provides coverage on an additional 6 hazards, including falling objects, damage due to the weight of ice, snow, or sleet, water damage (not from a flood though), sudden and accidental structural failure (though not collapse), freezing, and sudden and accidental damage from an electrical current.

The HO3 homeowner’s insurance policy is one of the most common policies taken out.  In an HO3 homeowner’s insurance policy, named hazards are actually exclusions, so if something happens to your property, you are covered unless it is one of the listed exclusions.  However, in an HO3 homeowner’s insurance policy personal property is only covered under the hazards in an HO2 policy.  HO5 homeowner’s insurance policies are just upgraded HO3 homeowner’s insurance policies, affording an even greater level of protection.

The HO1, HO2, HO3, and HO5 homeowner’s insurance policies are the most common policies that most homeowners would look at for their property, however there are several policy types for special properties, such as renter’s insurance, condominium insurance, and old home insurance.

Auto Insurance – Protect Your Transportation 4.44/5 (88.89%) 9 votes

Aside from a home, a vehicle is probably one of the most important personal investments outside of a home.  For companies that provide transportation for employees, auto insurance can also provide protection from any on the job mishaps.  In addition, auto insurance is required in most states, ensuring that anyone that owns a vehicle should be looking into getting auto insurance to protect their investment.

There are several types of auto insurance coverage: liability, comprehensive, and collision, along with several other types of more specialty coverages, such as medical, uninsured/underinsured motorist, and rental reimbursement.  In addition, for commercial auto insurance, other factors need to be addressed, such as the amount of drivers and their driving record.  Otherwise, many factors tied to the auto insurance premium are the same for personal and commercial auto insurance policies.

Liability auto insurance is the basic minimum coverage required in most states; however the value of the minimum auto insurance coverage varies by state.  Liability auto insurance covers injury and property damage to others, but not to the owner of the vehicle itself.  Collision auto insurance is specifically for damages caused in a collision, while comprehensive auto insurance covers vehicle damage from just about anything not collision related: whether it is fire, weather related, or even vandalism or theft.  Medical coverage is for medical expenses regardless of fault resulting from an auto accident.  Increasingly, uninsured and under insured motorist auto insurance is needed, protecting the insured when the accident is caused by a driver who has no insurance or does not have enough insurance to cover the damages.  As a boutique type of policy, rental reimbursement auto insurance is also available; which pays for a rental car while the primary car is being repaired due to an auto accident.  All these coverages can be mixed and matched to create the best auto insurance policy for your needs.

For business vehicles, commercial auto insurance is a little different.  While many coverages pertaining to personal auto insurance can be used, there are certain requirements for commercial, or work vehicles that must be noted.  The number of vehicles and drivers also can affect a commercial auto insurance policy.  Fleet insurance may also be a better alternative if there are a large number of commercial vehicles owned by the business.  Getting business insurance quotes can help get the best commercial auto insurance for the price.

States are generally doing everyone a favor by requiring motorists to hold an auto insurance policy.  The protection even basic liability insurance affords can go a long way in helping get those affected by an accident back on their feet.

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Protecting Your Home With Homeowner’s Insurance 4.73/5 (94.55%) 11 votes

Homeowner’s insurance protects what is generally regarded as the most important investment a person or family makes.  In fact, most mortgage lenders require a homeowner’s insurance policy to be purchased as a condition of the loan itself.  Homeowner’s insurance comes in several different types of policies and can cover a wide variety of perils, so it is imperative that insurance shoppers do a little research before searching for a new homeowner’s insurance policy.

The wide variety of homeowner’s insurance policies stems from the wide variety of home use.  Homes that are rented or owned but unoccupied by the named insured parties have their own policies that still fall under homeowner’s insurance, but cover different conditions at the home, such as tenants.  In addition, special properties, such as condominiums and older, historic homes, have special homeowner’s insurance policies.  For many homeowner’s insurance policies, some perils, such as flood and earthquakes, are often excluded and require their own insurance policy.

The types of homeowner’s insurance policies are generally noted as HO followed by a number (ex. HO1) and with the increase in number, generally the increase in coverage.  Basic coverage protects against 11 perils, while the upgraded Broad Form Homeowner Policy covers an additional six.  Both policies name the specific perils they cover, while the HO3 Special Form Homeowner Policy names the specific perils they do not cover.  The Premier Homeowner Policy (HO5) is essentially a beefed up HO3.  Renter’s insurance covers the house and contents from damage even though the policy holder does not own the property, protecting them from the cost of replacing the house and contents if damaged.  Condominium policies are for condominium owners, and are generally for properties that are occupied part-time by the property owner.  For homes where the replacement cost exceeds the market value, generally on older homes, there is an Older Houses homeowner’s insurance policy available.

The makeup of the homeowner’s insurance policy includes five types of coverages and the exclusions.  These five types of coverages include dwelling, other structures, personal property, loss of use, and additional coverages that vary depending on the particular policy.  The dwelling section of the homeowner’s insurance policy covers the actual property being lived in.  Renter’s insurance generally does not have the Dwelling coverage since it is not owned by the policy holder.  The other structures coverage includes other structures on the property not used for business, such as storage sheds or free standing buildings.  Homeowner’s insurance also has personal property coverage for the contents of the property.  Loss of use coverage is for additional living expenses, such as rental expenses, incurred while the property is not able to be used.  Additional homeowner’s insurance coverages are for other expenses and can vary widely, however these depend on the homeowner’s insurance policy.

Marine Insurance for Any Watercraft 3.67/5 (73.33%) 3 votes

The ocean can be a hazardous place, with potential problems lurking at every turn.  Storms, rough waves, underwater hazards, and others can pose problems for maritime transport.  To help reduce the financial risk of companies in related marine industries, marine insurance policies can be created. Marine insurance commonly covers the loss or damage of ships, cargo, and ship terminals.

Since there are both commercial and personal aspects to marine insurance, the types of policies and coverage can vary widely.  Commercial marine insurance can include cargo insurance, hull insurance, liability insurance, and freight insurance.  Cargo insurance covers the cargo onboard the ship, as well as the belongings of the people on the ship.  Hull insurance protects the costs of repair to the hull of the ship in case of damage, as well as much of the equipment and furniture on the ship that is not cargo.  Marine liability insurance provides compensation if a ship crashes or collides.  Freight insurance protects merchant vessel corporations from financial responsibility in the event of lost cargo from one of their ships.  These commercial marine insurance policies can be broken down or have variants to allow for merchants the flexibility to create a marine insurance policy that fits the needs of their business.

For more personal marine insurance policies, coverage like cargo and freight insurance is not needed.  However since boats and yachts can be significant investments, boat insurance is necessary to protect the owner from financial responsibility in case of an unforeseen event.  Additionally, many states require boat insurance, just as most states require auto insurance to protect the monetary damages motorists can inflict on each other.  Boat insurance is actually available as a form of marine insurance, or as an additional coverage on a homeowners’ insurance policy.  Water craft liability insurance is the most basic form of personal marine insurance available.  Water craft liability insurance covers damage to people or property due to actions on the boat, whether it is in the water or being towed to or from the water.  Sometimes added to personal boat insurance is a medical payment insurance that covers medical expenses of the operator and passengers in the boat if they injured in an accident covered by the liability marine insurance.  Wreck removal and pollution coverage is another recommended marine insurance addition to the standard boat insurance.  After a boat is wrecked, removal is required in a timely manner.  Depending on the damage to the boat and whether it has sank or not, this can be a costly undertaking, especially since the turnaround for removal must be expedient.  Also, if any gasoline or oil leaks, the owner of the boat will be fined for the pollution to cover the cleanup costs.  Wreck removal and pollution marine insurance coverage ensures these costly bills are not solely covered by the owner of the boat.

Similar to cars, many boating accidents take place within a short distance of the home port, so marine contractors’ insurance can be helpful coverage.  Marine contractors’ insurance covers workers in the port or marina where the boat or ship is docked, sheltering the owner from costs if a dock contract worker is injured while attending to their craft.

Marine insurance can protect one of the most significant investments people make outside of their home.  While the insurance coverage varies depending on the type of boat or ship and the purpose, the insurance can more than pay for itself in the event of an unforeseen accident.

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Specialized Hotel Insurance 4.25/5 (85.00%) 4 votes

Hotel chains have reputations attached to them based on the name of the particular franchise.  To qualify to use the name of a particular hotel chain name as a franchise, the hotel company expects certain standards to be maintained to preserve the integrity of the brand name.  These reputations permeate the public consciousness as well.  Comprehensive hotel insurance can help protect hotels from unexpected events involving the hotel, its employees, and its patrons and their property.

Hotel insurance is generally a combination of several basic insurance policies, including a contents policy, business interruption policy, and both public and employers’ liability policies.  A comprehensive hotel insurance policy saves hotel owners the need to shop around for multiple policies and possibly pay multiple providers multiple premiums that will almost certainly cost more than a bulk hotel insurance policy.

These different coverages are important to make hotel insurance a complete policy.  Contents insurance protects the contents within the hotel from loss or damage.  With hotels pushing more and better features to attract guests, contents coverage protects anything from the new flat screen TVs in the rooms to the towels and the sheets that sometimes disappear after a guest checks out.  Guests’ property coverage also covers the possessions of guests staying on the property from loss or damage, ensuring the hotel is not on the line for paying for replacements.  In addition, franchised hotels are required to hold excess liability insurance.

Business interruption insurance protects the hotel in case of lost business due to loss of facilities from an accident.  It covers the loss of profits while the property is being repaired due to insured events like a fire, flood, or other catastrophe.  Liability for both the public and employers’ covers accidental injury while on the hotel property.  Public liability protects the hotel and its owners from accidental injury claims from a third party, while employers’ liability protects the hotel from employee injuries while on the hotel property.  Hotel insurance also frequently covers other legal expenses such as the cost of barristers and witnesses and opponents’ costs if the case is judged in their favor.

Other hotel insurance policy options include theft by employee coverage, customer inconvenience remuneration expenses, delivery and service errors and omissions, and lost key coverage.

 

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Customized Auto Insurance – Don’t Take the Minimum 4.86/5 (97.14%) 7 votes

Insurance is designed to reduce most of the financial liability or loss of property resulting from unforeseen events.  Auto insurance is no different, shielding automobile owners from the risk of financial harm or loss resulting from a vehicular collision or other vehicular damage.  While the type of auto insurance can vary based on the purpose of the vehicle, most auto insurance policies fall under personal or commercial auto insurance.

Auto insurance in some form is required in nearly every state in the United States except Virginia, where a $500 annual fee is required if liability insurance is not purchased and New Hampshire, where personal responsibility can be proven by meeting certain standards.  Other states require by law some form of auto liability insurance to cover injury or property damage caused.  However, the minimum insurance rarely covers damages to the person at fault, so choosing the right auto insurance policy is very important.

Full coverage auto insurance covers both the operator and the other parties involved in a collision and includes collision insurance, comprehensive insurance, and liability insurance.  Collision insurance will cover repair costs of a vehicle or the cash value of the vehicle if it is totaled.  Comprehensive insurance covers vehicles in situations other than collisions, such as fire, damage from theft, vandalism, or other damage.  Most comprehensive auto insurance policies will also cover “Acts of God” beyond human control, such as floods, tornadoes, or other similar events.

There are several other forms of auto insurance that fit special needs, including uninsured or underinsured motorist coverage, loss of use, GAP coverage, towing, and personal property insurance.  Uninsured/underinsured motorist coverage (UM/UIM) ensures the party that is not at fault is not stuck with a bill due to the at fault party’s inability to pay.  While often overlooked, the number of uninsured drivers can be over 30% in some parts of the country, so UM/UIM coverage is very important.  Loss of use coverage reimburses the policy holder for the cost of a rental vehicle while an insured vehicle is repaired due to a loss that is covered under the existing insurance policy.  GAP coverage protects a new car is damaged beyond repair; however the loan is valued higher in the car.  GAP coverage was established as car price increased, auto loans ran longer, and vehicles were leased more frequently.  Towing insurance covers the use of a tow truck when used for non-accident reasons, such as a flat tire or mechanical breakdown.  Personal property auto insurance covers personal items in the vehicle not attached to the vehicle, such as a laptop that was damaged in a car accident.

To cover business property and absorb the financial risk from damage, commercial insurance policies are available.  To cover work vehicles, commercial auto insurance policies can be created.  For most vehicles, commercial auto insurance is not needed, however a vehicle owned by the business and used for more business than personal use, a policy can be advantageous.  Generally, employees using work vehicles are less likely to treat them as their own, and work vehicles are more likely to be put under more stress and in more hazardous situations, so commercial auto insurance could be a very helpful solution, especially in heavier industries.

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