How Does Condo Insurance Work?

Condo insurance is a lot different from home insurance or renters’ insurance, but it does share a few coverages with those types of insurance. Condo coverage is unique among insurance types, and it’s a must to have it if you own a condo. If you need coverage for your condo, contact us at Advantage Insurance Network in Cincinnati, OH to find out more about this insurance type and to get your policy.

Your Dwelling

When you have a condo, there are certain parts of it that you own and certain parts you don’t. Generally, you are responsible for everything inside your unit. Depending on the contract, this may include the space inside and the inside walls. In others, it may include what’s inside the walls, i.e., plumbing and electricity lines. It does not, however, generally include any portion of the outside of the dwelling. An exception is a portion of the outside area that has been improved by you. When this happens, you must insure that area. Whatever portions of the property you are responsible for the need to be covered by your condo insurance. 

Your Belongings

Most of what you own is likely inside your condo. That’s why the portion that covers your possessions is so important. If an accident or catastrophe were to damage or destroy your belongings, your condo insurance will pay to fix or replace them. To document what you own for your insurance policy, film yourself walking around the condo so that everything inside it is included in the video. You can also take pictures of the rooms with special attention paid to expensive items within them. 

Get Your Condo Insured

Don’t go even a day without condo insurance. Call us at Advantage Insurance Network in Cincinnati, OH to talk to an agent about your condo and what needs to be covered. 

Why should I get a flood insurance policy?

Those that live in the Cincinnati, OH area should consider purchasing their home. While owning a property here can come with a lot of advantages and potential, homeownership comes with risks as well. A great way that you can continue to mitigate these risks is with a proper insurance plan. One part of this should be to get flood insurance. There are several reasons why you should get this coverage if you own a property in this area of Ohio.

Access to Water Could Put in Higher Risk Zone

One reason that you should get flood insurance here is that you could be in a higher risk zone. In this area of Ohio, there are several rivers, lakes, and other waterways that do have the potential to flood. If you do not have the right coverage in your home policy, you will need to cover the damages yourself. With flood insurance, you can be assured you will be covered for flood damages.

Insurance is a Lender Requirement

For some that are in this area of Ohio, having flood insurance is also a lender requirement. Lenders know how flood damage could jeopardize their collateral. Due to this, they will want to make sure you have insurance to mitigate this risk at all times. If you are in a high-risk zone, you may be required to get flood insurance. 

In the Cincinnati, OH area there will continue to be a need for flood insurance. If you are concerned about the effects a flood could have on your home, you should call Advantage Insurance Network. The team at the Advantage Insurance Network has helped people all over the area better assess their flood risk. They can then help you get into a policy that will give you the right protection and peace of mind. 

Expenses covered by boat insurance in Cincinnati

Boat or watercraft insurance can be purchased for various types of seafaring vessels, including standard boats, as well as jet skis, sailboats, and yachts. Boat owners in the Cincinnati, OH area should consider an overview of the items and losses that will be covered under their boat insurance policy, and get in touch with Advantage Insurance Network for more information.  

Mechanical parts

The machines and engines that keep the boat running are often very costly and important. The boat cannot operate without these parts, which is why their repairs and replacements are covered under an insurance policy. These mechanical parts are especially sensitive to things like rust and salt damage from entering and exiting the water, which makes them more likely to break than similar parts on a land vehicle. 

The body or structure of the vessel

Most boats and vessels have a hull or other main body structure. This part is covered, as things like leaks, cracks, and tears in the hull can render the boat unusable until they are repaired. 

Liability coverage

If a boat is involved in an accident, or someone is hurt while they are on your boat, it is possible that the owner can be sued for negligence. The boat insurance policy will cover these losses up to a certain amount without the owner being personally liable. Otherwise, the boat owner may have to spend time in court, legal fees, and their own money to settle the case without insurance. 

Speak with an agent about other boat insurance issues

Anyone who is considering a boat insurance policy should speak with an agent at Advantage Insurance Network. They serve the Cincinnati, OH area with professional advice and service.

What You Need to Know About Purchasing Motorcycle Insurance

It isn’t exactly a secret that you need liability insurance coverage to keep your bike legal while out on the road. However, if you’ve never purchased it before, you might not know what the process is like and that’s where our Advantage Insurance Network team is here to help. Here are a few things you need to know about purchasing motorcycle insurance in Cincinnati, OH.

Liability and First-Party Coverage

Just like when you’re purchasing auto insurance, there are two types of motorcycle insurance you have to consider: liability and first-party coverage.

Liability is what you need to stay legal. This pays for any medical bills for other people or property damage costs if you’re in an accident that is deemed your fault. Usually, liability is pretty affordable and there are a few different coverage tier levels you can choose from.

First-party coverage is what covers you, your passenger, and your bike if you’re involved in an accident. And it doesn’t matter who caused the incident.

The most common first-party coverages you need to be aware of our comprehensive, collision, and medical payments. Comprehensive and collision pay for damages to the motorcycle, while medpay helps take care of any hospital or doctor bills you might have after a crash.

Other Optional Coverages

Of course, your coverage options don’t end there. If you have any special equipment on your motorcycles, such as saddlebags or any upgrades, you’ll want to ensure your policy covers those, too. There are also coverages for emergency road service and towing, which are helpful if you’re on a ride and your bike suddenly breaks down.

Ready to purchase quality motorcycle insurance coverage in Cincinnati, OH for your bike? Please contact our Advantage Insurance Network team today for more information.

Variables To Consider While Researching Restaurant & Bar Insurance Policies

Advantage Insurance Network assists Cincinnati, OH residents through offering them multiple insurance policies. As an independent insurance agency, we are able to help our clients find coverage regardless of their situation.

Restaurant & Bar Insurance

Many Cincinnati, OH businesses recognize the risks associated with operating near the Ohio River. That’s why business owners have started to research Restaurant & Bar Insurance. The policy protects owners in the event that some of the physical property is damaged. Your restaurant equipment, as well as the food that you have in storage, is also covered in the event that they are damaged. The policy also covers owners against any possible liability situations if someone were to get hurt while visiting the place. If you are the owner of a restaurant or bar, here are some variables to consider while researching Restaurant & Bar Insurance.

Think About Your Establishment

Keep in mind that different types of establishments require unique coverage compared to others. If you own a bar or a small restaurant, you may require different coverage compared to someone who owns a tavern or full-service restaurant. The location of your restaurant or bar is also important.

Additional Coverage

Don’t forget to add Workers Comp and commercial insurance to your policy. Workers comp protects your employees and lets them know that they are valued, which boosts morale. Commercial insurance protects any extra assets to your business, such as a vehicle.

Other Factors To Weigh

Remember that your hours of operation, the number of years in business, the sales volume, and the different activities at your restaurant are factors to think about while researching different policies.

Consult With Advantage Insurance Network

We will sit down with you and help you find the coverage that aligns with your goals. Contact us today.

How Much Contractor’s Insurance Do You Really Need?

Business insurance, specifically contractors insurance are likely terms you do not want to think much about as you run your company each day. But careful consideration can mean that once you do purchase the perfectly suited policy you do not have to think about it again until the day comes when you actually need it. Advantage Insurance Network serves the contracting businesses of Cincinnati, OH and the surrounding areas with quality insurance services.

Who Needs Contractor’s Insurance? 

Contractor’s insurance may also be referred to as small business insurance and anyone in businesses such as HVAC, General Contracting, Plumbing, Handyman, Electrician, Tile, Outdoor Excavations, Landscaping, Interior or Exterior Painting, or the like should protect themselves with a small business insurance policy specific to their contractor needs. 

How much contractor’s insurance is needed? 

A basic general liability policy is needed for any business owner who has an employee in the state of Ohio. Your policy will start with this general requirement and build from there to meet your companies specific needs. How much you need exactly is determined by your personal risk levels and how much you stand to lose if certain events occur. If you use vehicles in the process of running your business then you need a commercial auto policy as well. And you must carry a minimum level of Ohio worker’s compensation in case one of your employees is injured on the job, even if you only have one employee. Beyond that, you may want to add certain elements like flood insurance for your building and umbrella insurance for unique risks in your line of work. We will be happy to answer any questions you may have about this. 

If you run any type of contracting business in the Cincinnati, OH area contact us at Advantage Insurance Network to learn about the specifics of your individual insurance needs. Contractors’ insurance needs can vary as greatly as types of contractors there are. Call us today for easy to purchase contractors insurance in Ohio. 

What’s Covered by Flood Insurance in Ohio?

Ohio is no stranger to natural disasters. During the course of the year, Ohio homeowners may face such threats as wildfires, severe storms, tornadoes, and flooding. Floods can occur almost anywhere in the state, including Cincinnati Flood insurance from Advantage Insurance Network can compensate you for a flood loss. Here’s what you should know about flood coverage.

What Flood Insurance Covers

Flood insurance offers two-fold coverage for your home: protection for your home structure and protection for your contents.  

Structural coverage protects your home structure to include its foundation, walls, wall-to-wall carpeting, electrical system, plumbing system, and built-in appliances. You can purchase this coverage for up to $250,000.

Contents coverage protects your belongings – your clothes, electronics, minor appliances, furniture, sports gear, paintings, etc. for up to $100,000.

What Flood Insurance Doesn’t Cover

Items such as cash, stocks, and bonds and precious metals are not covered by flood insurance and should be kept in a location safe from flooding. Property located outside your home such as grills, patio furniture, landscaping, pools and pool decks, and hot tubs are also exempt from flood insurance coverage.   

Who Needs Flood Coverage

Many homeowners are under the misconception that floods only occur in high-risk flood zone areas. Contrary to popular belief,  floods can occur almost anywhere. A substantial amount of rain can cause rivers or dams to overflow, causing flooding in Cincinnati, OH and other inland areas.

It only takes a few inches of floodwater to devastate a home. As home insurance doesn’t cover flood damage, lack of flood insurance protection could lead to financial ruin. Knowing the extensive damage that floods can cause should prompt you to add flood coverage to your home’s insurance package.

To purchase flood insurance for your Cincinnati, OH home, contact an agent from Advantage Insurance Network.

What are the benefits of toy insurance in Ohio?

If you live in the Cincinnati, OH area, there are plenty of great areas where you can use a recreational toy. When you own a recreational toy, it will give you plenty of fun and exciting memories. While one of these recreational toys will be a lot of fun to own, you also need to remember that it’s a valuable asset. You can benefit in several ways by getting insurance on your recreational toy in this area.

Receive Liability Protection

One of the advantages of getting a toy insurance policy is that you can receive liability coverage. Any time you take out your recreational toy, you could cause an accident that leads to damages. If this does occur, you will be required to pay for these damages. When you have a toy insurance policy, you will receive the coverage that you need to protect you against this liability risk.

Covers the Asset

Another benefit of your toy insurance policy is that it will protect your asset. When you purchase a recreational toy, you are going to be spending a lot of money on a big investment. To ensure that you are properly protected, you should get an insurance policy that will give coverage to repair or replace your asset. 

When you are in need of a toy insurance policy in the Cincinnati, OH area, it is important to reach out to someone that you can trust. The team at Advantage Insurance Network can be a great resource for you to utilize. When you reach out to Advantage Insurance Network, the team will evaluate your situation to determine whether a recreational toy insurance policy is right for you. They can then help you to get into a new policy that provides the right type and level of coverage to protect you and the toy. 

New condo owner? Why you need condo insurance

With Condo insurance policy, you will be able to protect your condo units while getting personal liability and living expense coverage. This policy is also known as the wall in policy as wall in coverage as they protect your individual unit.

Types of liabilities under condo insurance

  • General liability

The condominium is covered from such liabilities as personal injury and bodily damage. If one was to fall or slip within your property, you can seek compensation from the condo association. This is what makes this policy a necessity while dealing with commercial property.

  • Property Insurance

Under property insurance, your condo is protected from disaster. In instances of fire, natural disaster, and theft, property insurance provides protection to the condo association as well as the unit.

What is covered by the condo insurance policy

  • Building and propertythe condo itself including its walls and fixtures.
  • Personal liability: legal costs from claims and lawsuits against you.
  • Personal property: electronics furniture and other movable goods.
  • Loss assessment: any part of your losses shared out by the condo association.

A condo insurance policy will normally have a list of named policy to be covered. Any peril not captured may not be paid out. At Advantage Insurance Network, Cincinnati OH, additional coverage will be offered to you if more perils need to be covered or where you require a higher limit is desired.

What to consider when taking the condo insurance policy

  • Additional value

It is prudent to consider any additional value-added on the fixtures or construction to have this covered on the policy. Such factors as the renovation of structures may put the overall value of your condo over limit covered.

  • Limit required

When taking a condo insurance policy, consider the limit you would want to be covered. This ensures that in case of any disaster, you receive value proportionate to your losses.

Our professionals at Cincinnati, OH, will support you in getting an appropriate policy for you. Visit our website or call us for more information. 

 

 

 

How will motorcycle insurance help someone in Cincinnati?

Owning a motorcycle is a dream that many people have. While most people dream about cruising on an open highway, a motorcycle is also a very important asset and responsibility that needs to be properly protected. For those that are in the Cincinnati, OH area, one of the best ways to do this is through a motorcycle insurance policy. A quality insurance policy for your motorcycle can help someone in several different ways.

Covers Your Asset

If you decide to buy a motorcycle, you may quickly find that it is quite an investment and commitment. The last thing that you would want to happen would be for the motorcycle to be damaged in an accident or stolen and for you to lose it entirely. If you get a motorcycle insurance policy with a full comprehensive and collision coverage component, you will receive coverage for virtually any situation that could cause a loss. This will give you amazing coverage and peace of mind. 

Liability Protection

Anyone that takes a motorcycle out on the open road in Ohio is always taking on the risk that they could cause an accident. In some situations, the damage related to the accident could be significant. Because of this, you will want to make sure that you are properly protected. One of the best ways to do this is by getting a motorcycle insurance policy as it will include liability insurance protection.

When you are looking for a motorcycle insurance policy in Cincinnati, OH, you should contact the Advantage Insurance Network to learn more about your options. Choosing the right policy for your motorcycle can seem complicated. However, the Advantage Insurance Network can give you the guidance that you need to ensure you get the best policy for your situation.