What Does Full Coverage Motorcycle Insurance Mean?

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You’ve finally purchased the motorcycle of your dreams in Cincinnati, OH; now it’s time to insure it. Yet you’re faced with a wide range of policy costs. Is it worth getting full coverage motorcycle insurance? Advantage Insurance Network recommends getting coverage above the state minimum for most riders.

Ohio’s Minimum Coverage for Motorcycles

Ohio requires motorcyclists to have liability insurance for bodily injury of $25,000 per person and $50,000 per accident, plus property damage of $25,000 if an accident occurs. You are not required to take any other types of coverage for your policy. A liability-only motorcycle policy can be much less expensive than a full-coverage policy. However, it’s not a wise choice, especially if you have an expensive bike. If you are involved in a wreck, you’ll have to pay for the repairs out of pocket.

Components of a Full Coverage Policy

Full coverage policies for motorcycles are similar to those for autos. Collision coverage pairs for repairs or replacement of your bike resulting from an accident with a vehicle or object. Comprehensive covers theft and damage incurred from fire, floods, falling objects, and similar events. The latter is beneficial if you store your motorcycle during the winter. Some policies even have a complete replacement or an upgrade provision if your motorcycle is totaled in a covered incident. Riders can also opt to get insurance for their cycle’s accessories,  but coverage amounts vary by insurer. Other options include uninsured/underinsured motorist coverage and personal injury protection (PIP).

Let Our Agents Help You

Advantage Insurance Network, serving Cincinnati, OH, can help you select the right motorcycle insurance policy to meet your needs. We can recommend appropriate coverage amounts and add-ons to keep your bike safe. Contact us today for an appointment.

Two Ways Boating Insurance Protects You

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When you own a boat, one of the most important things you can do for your financial protection is to have boat insurance. This insurance can come with many different types of coverage in the policy. Boat insurance is similar to auto insurance and has the same basic coverage types. Some of the most important coverage you can have in these policies is liability coverage. No boater should be without at least this type of coverage. When you need boat insurance, you can call us at Advantage Insurance Network in Cincinnati, OH.

Bodily Injury Liability Coverage

Like on the motorways, the waterways are the scenes of many accidents. Boating accidents are common, and they can be financially devastating for the person who’s at fault. If you’re judged to be responsible for an accident while boating, you would have to pay the other party’s medical bills and other costs. This may include things like lost wages and legal fees. When you don’t have boat insurance, you would have to pay out of pocket for what could be multiple people’s high medical bills. This coverage can save you from severe financial problems after an accident. 

Property Damage Liability 

This type of coverage pays for damage to someone else’s property when you cause an accident. The accident may cause a lot of damage to another boat or watercraft, a dock, or other structures. You’ll need your boat insurance to pay for the damages when this happens. Never go without this coverage because repairing or replacing watercraft can be expensive. 

Get Boating Insurance

If you’re a boat owner and haven’t yet purchased a boat policy, call us at Advantage Insurance Network in Cincinnati, OH, to learn more.

Do You Need to Notify Your Home Insurance Company If You Complete Home Renovations?

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Undertaking home renovations is an exciting venture that can enhance your living space and property value. However, it’s essential to consider how these renovations may impact your home insurance. Here at Advantage Insurance Network, serving the greater Cincinnati, OH area, we want to help you better understand this topic.

Home Renovations and Insurance

Home insurance providers typically expect homeowners to inform them about significant renovations. This is because renovations can alter your home’s value and risk profile. For instance, adding an extension or finishing a basement can increase your home’s value, while upgrading wiring or plumbing can reduce the risk of fire or water damage.

The Importance of Notification

Failing to inform your insurance company about renovations can lead to issues down the line. If you experience a claim related to the renovation and haven’t updated your policy, you may not have adequate coverage. Your insurer may even deny the claim.

Consulting Your Insurance Agent

Navigating the intricacies of home insurance and renovations can be complex. It’s advisable to consult with your insurance agent or broker before embarking on significant renovation projects. They can provide guidance on the necessary updates to your policy, ensuring that your coverage aligns with your home’s updated condition.

In most cases, it’s prudent to notify your home insurance company when completing significant renovations. This proactive step ensures that your policy accurately reflects your home’s value and the associated risks. If you’re looking for a new homeowner’s insurance policy to ensure you’re fully covered after home renovations in the greater Cincinnati, OH area, Advantage Insurance Network can help you. Please schedule an appointment with one of our insurance agents today. 

Required Auto Insurance in Ohio

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When you own a vehicle in Ohio, you are legally mandated to have an auto insurance policy. Going even a day without this coverage is never a good idea. It’s essential to get your insurance while you buy your vehicle to register it legally, and you won’t be driving home without the coverage you need. Call us at Advantage Insurance Network in Cincinnati, OH to get your auto insurance. 

Liability Coverage in Ohio

When you’re an Ohio driver, you are required to have a couple of types of liability insurance. Three total coverage amounts have to be in your policy. You have to have at least a certain amount to pay for one person’s expenses after being injured in an accident you’ve caused. There is also a different minimum amount required to be in place for all injured people. These two liability amounts must be accompanied by an amount for the damage to someone else’s vehicle or other property after you’ve caused an accident. While these are required, you can also get other types of coverage that will leave you better protected against the costs of accidents. 

Added Coverage

If you want your vehicle’s damages to be paid for after you’ve caused an accident, you need to get collision coverage. This pays for your own repair or replacement bills after an accident. Your vehicle can also face risks when you aren’t driving it. To be covered against those risks, you need comprehensive coverage. With all of these types of auto coverage, you can drive knowing that you’re well-protected. 

Get Auto Insurance from Advantage Insurance Network

You have to have auto insurance in Ohio and have proof of it. Call us at Advantage Insurance Network in Cincinnati, OH to get your coverage.     

Commercial Auto Insurance: Navigating the Road to Coverage

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Commercial auto insurance is a must if your business relies on vehicles for daily operations. Let Advantage Insurance Network, serving the greater Cincinnati, OH area, help you to understand this product better.

What Is Commercial Auto Insurance?

Commercial auto insurance is a policy designed for vehicles used primarily for business purposes. It covers a range of vehicles, from company cars and delivery vans to trucks and trailers.

Types of Coverage:

  • Liability Coverage: This is the core of commercial auto insurance, covering bodily injury and property damage your business is legally responsible for in an accident.

  • Collision Coverage: It covers repairs or replacement of your vehicle if it’s damaged in a collision with another vehicle or object.

  • Comprehensive Coverage: This covers non-collision incidents, such as theft, vandalism, or natural disasters.

  • Uninsured/Underinsured Motorist Coverage: Protects you if an uninsured or underinsured driver is at fault in an accident involving your business vehicle.

  • Medical Payments Coverage: Pays for medical expenses for you and your passengers, regardless of fault.

  • Cargo Coverage: If you transport goods, cargo coverage protects against damage or theft of the goods you’re carrying.

Why Is It Necessary?

Commercial auto insurance is necessary because personal auto insurance typically excludes coverage for vehicles used primarily for business purposes. Without the right coverage, your business could face significant financial losses in the event of an accident or vehicle damage.

Navigating the road to commercial auto insurance coverage can be complex, but protecting your business assets and operations is vital. If you want to purchase a new commercial auto insurance policy in the greater Cincinnati, OH region, the team at Advantage Insurance Network would love to help. Call us today for an estimate. 

Accidental Condo Damage: Protecting Your Neighbors’ Belongings

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Did you know that your Ohio condo insurance will cover a neighbor’s condos if a fire spreads from your condo to theirs? If a kitchen fire happens, for example, and burns through to other units, then personal liability coverage would cover the damages from the fire. 

Including Your Belongings

Remember that only the inside of the structure, such as the walls, floor, and ceiling, is covered by personal liability condo insurance. Both you and your neighbors are covered by personal liability insurance for the cost of personal belongings in the event of a fire and the resulting water damage. Advantage Insurance Network wants you to know more about accidental condo damage.

What The State Of Ohio Has To Say About Condo Insurance

This is a little confusing because some insurance companies say they’ll pay for neighbors’ condos and belongings in the event of a fire in your condo. The State of Ohio says on its website, "You are only responsible for the space within your walls because you cannot insure something you do not own (there must be insurable interest.)."

The only sensible thing to do is to check with your insurance company before buying condo insurance. Every insurance agency must comply with state and local laws as a matter of course.

Increase Your Personal Liability Limits

Most condo owners only take out enough condo insurance to get by or to satisfy their lenders if they’re paying for their home. When disaster strikes, they suddenly find themselves unable to cover repairs or replacements or even their neighbors’ repairs or replacements. Increasing your personal liability limits will help you afford the consequences of disaster. 

Insurance differs between houses and condos. Ask Advantage Insurance Network in Cincinnati, OH about condo coverage before you and your neighbors suffer an accident or disaster.

How Storage Conditions Can Affect Your Classic Car Insurance

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If you’re a Wheat Ridge, CO resident who owns a classic car (or wants to someday), it goes without saying that you want to keep your investment safe. Carrying the right insurance coverage is part of that, as classic and vintage vehicles require more than standard auto insurance.

Several key factors can affect your classic car insurance coverage once you have it, with storage standing out as one of the biggest, and CO Insurance Specialist can help you figure them out. In the meantime, here’s a look at what you should know.

Protection from the Elements

Naturally, a classic car left parked in a driveway or on the street faces significantly more risk than one securely locked away in a garage or other facility. For example, it’s constantly exposed to UV radiation, the elements, and the effects of inclement weather.

It’s also a lot more likely to wind up stolen or vandalized. Many Colorado insurance providers will require the policyholder to store their classic car in a safe, enclosed space for that reason.

Security Systems

Security measures (or the lack of them) can also affect your coverage and any claims you might need to file in the future. So, the more security you have in place where you store your car, the better. This includes lighting, alarms, cameras, and other security features. But tracking devices and immobilizers are also great options to add to the mix.

Time Spent in Storage

How often (and under what circumstances) your car comes out of storage in the first place also affects your coverage. Limited-use classic car coverage may be an option if you rarely drive your vehicle, use it only for seasonal Wheat Ridge, CO car shows, and so forth.

Whatever your reasons for wanting to own and care for a beautiful classic car, protecting your investment to the fullest is a must, and a CO Insurance Specialist can help you make the best possible decision. Call us today to get started!

Four Questions to Ask Your Agent When You Need Commercial Insurance

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When you start a business, one of the factors you need to consider is a commercial insurance policy. But what do you need to know to be sure you’re getting the best policy for your company? If you’re in the Wheat Ridge, CO area, you can contact us at CO Insurance Specialist today and get all the information to help you make the best decision. Here are four of the questions you’ll want to ask your agent.

  1. What type of coverage should I have for my business?
  2. How often do I need to review or update my policy?
  3. How can an agent help me get the best coverage?
  4. What does a commercial policy protect?

The more you know about your coverage and what kinds of adjustments you might want to make, the more you can make knowledgeable decisions that will keep you, your business, and your customers safe. A commercial policy isn’t just for the structure if you own the building or the items inside if you’re renting. It also protects your customers from injuries and other factors of operating a business. You want to make sure you have enough protection. Contacting CO Insurance Specialist is the right way to get the coverage and support you need.

If you’re in the Wheat Ridge, CO area, we can help you find the right commercial insurance coverage. The exact type of policy and coverage levels you need will depend on several factors, and you don’t want to pick something without good information. That could lead to you having a policy that’s not right for your needs or goals, and we’re here to help you have proper coverage.

Choosing the Right Motorcycle Insurance: Key Factors to Consider

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If you are a lucky motorcycle owner, you probably understand how crucial it is to carry proper motorcycle insurance. This insurance protects you as a rider, your motorcycle, and financial well-being. If you are currently shopping for motorcycle insurance, make sure to consider the following factors:

What Factors To Consider When Looking for Motorcycle Insurance

  • Motorcycle type. Motorcycle insurance is similar to auto insurance, so the style of your motorcycle, model, make, and year impact how much your insurance costs. Some motorcycles are more expensive to insure than others. Usually, sports bikes are the most expensive ones to insure. 
  • Coverage type. There are several types of motorcycle insurance to choose from. Depending on the policy type you choose, it can cover different things. Standard insurance usually covers the bike, you, your passengers, and other vehicles on the road. Some policies can also have additional coverage, such as roadside assistance. 
  • How often do you ride your bike? You should choose motorcycle insurance depending on how frequently you ride your metal dragon. If you ride it occasionally, the state’s minimum coverage might be enough for you when the weather is warm and nice. However, if your bike is your primary mode of transportation, you should get enhanced coverage. 

Advantage Insurance Network – A Network of 25 Top-rated Insurance Companies in Cincinnati, OH

Are you looking for motorcycle insurance in Cincinnati, OH, or any other nearby area in Ohio? Feel free to contact Advantage Insurance Network, which will shop for insurance for you with multiple insurance companies. Our mission is to help you find an insurance plan to address your needs and suit your budget. Contact us to learn more about the insurance options we can offer. 

Why Boat Insurance Is So Important

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When days are nice, and you want to take the boat out, it’s essential to ensure you’re covered just in case of problems. With boat insurance, you’re protected from many potential financial problems. Boating accidents do happen, and they can be devastating financially. If you’re a boater, don’t go a day without insurance for your boat. To get started, call us at Advantage Insurance Network in Cincinnati, OH, and find out more. 

Liability Coverage

Liability protection is one of the most important types of coverage for your boat. Boat insurance works much like auto insurance. There are different coverage types that you can opt for, and liability is one of them. This protects you financially if there is a boating accident in which someone is injured. If a boating accident is judged to be your fault, all the bills for the injuries would be up to you. This type of coverage would pay those bills. It’s important to have at least this type of coverage to protect yourself. 

Collision Coverage

Like auto insurance, boat insurance has collision coverage available. This covers the damage done to your own boat if you cause a boating accident. This is good coverage for repairing or replacing your boat after an accident. Without this coverage, you may be left without a usable boat because of damage or sinking that you can’t pay for. 

Personal Property

Another type of boat coverage is for the personal property on the boat. Many boats have expensive equipment on them. Some have luxury materials that would be extremely expensive to replace. This coverage can allow you to get the things you need to replace your damaged or destroyed belongings. 

Get Boat Insurance

If you don’t have boat insurance, call us at Advantage Insurance Network in Cincinnati, OH.