Independent VS Captive Insurance Agency
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What is gap insurance?
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What is gap insurance?
Gap insurance – what a strange name. What does it even mean? Gap insurance is something that can help protect you when purchasing a new vehicle.
Let’s break it down:
– You just bought a car for $20,000 with a loan for $18,000.
– Two years later your vehicle is worth $12,000, but your loan is still worth $14,000. – But then, you get into an accident and it’s a total loss.
– In this case, your gap insurance goes into effect to cover that $2,000 difference. – This allows you to come out starting fresh, able to get another car loan.
As always, contact your agent to learn more about gap insurance or to answer any questions you may have.
Mosher & Associates isn’t just insurance. It’s insurance, personalized. With offices in Argyle, Evansville, Monroe, and New Glarus, our Team of Specialists is ready to provide you with the best coverage for your unique situation. Check out our Mosher Assessment Process (MAP) at mosherinsurance.com/map/ to see how we can help you. Answer a few simple questions and we’ll start you on the path to insurance, personalized.
Have a new teen driver?
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What insurance do I need when my teen gets their temps?
Your teen has probably been counting down the days until they start driving. As a parent, you may be excited, nervous, or even stressed. You may also wonder what that means for your auto policy. We often get calls from our clients asking if their teen driver needs to be added to their auto policy. The short answer is no – if they have their temporary drivers license they are covered under your current policy, as long they’re driving your vehicle with someone supervising that has a valid drivers license. However, when they do get their official drivers license you do have to put them on your policy as part of your agreement with the insurance company. You may see an increase in your rate when you add your teen on your policy. But don’t worry, this too shall pass.
Mosher & Associates isn’t just insurance. It’s insurance, personalized. With offices in Argyle, Evansville, Monroe, and New Glarus, our Team of Specialists is ready to provide you with the best coverage for your unique situation. Check out our Mosher Assessment Process (MAP) at mosherinsurance.com/map/ to see how we can help you. Answer a few simple questions and we’ll start you on the path to insurance, personalized.
My retaining wall fell over!
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Is my retaining wall covered if it falls over?
We get a lot of questions asking whether certain things are covered under certain policies. Like this one about what is covered under homeowners insurance: is your retaining wall covered if it falls over? The answer really depends on the situation. Most of the time it is not covered under your homeowner policy. If your retaining wall falls over from water, general aging of the wall, or if it was just poorly built, it is not covered. Those circumstances would be considered earth movement or flooding. However, there are a couple of reasons it would be covered under your policy. If a car or truck ran into it or lightning struck it, it may be covered under your homeowner insurance policy. There are policies coming out that have something called Hydrostatic Collapse coverage – if water pressure builds up to the point collapse there may be some coverage, depending on your policy. The key to that is collapse, not bulging or leaning. The retaining wall actually has to collapse for it to be covered. My recommendation is to talk to your agent if you have a bulging or collapsing retaining wall and find out if it’s covered under your policy.
Mosher & Associates isn’t just insurance. It’s insurance, personalized. With offices in Argyle, Evansville, Monroe, and New Glarus, our Team of Specialists is ready to provide you with the best coverage for your unique situation. Check out our Mosher Assessment Process (MAP) at mosherinsurance.com/map/ to see how we can help you. Answer a few simple questions and we’ll start you on the path to insurance, personalized.
Term VS Whole Life Insurance
January 6, 2021
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SOUND POLICY What’s the difference between term and whole life insurance? Insurance can be something people have questions on. But it shouldn’t be confusing –
In or Out of the High-Risk Flood Area, Everyone Needs Flood Insurance
March 3, 2019
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In the wake of Hurricane Harvey in 2017, nearly half of all flood insurance claims were for properties located outside high-risk flood zones-for properties that,
Indoor Water Damage
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Is indoor water damage covered?
Water claims in your home are no joke. But what is covered and what isn’t? Here are some of the calls we get about water damage:
– “I had the kids in the tub and forgot to shut that water off. The water ran over and into the
basement. Now the drywall is all wet and moldy. Is that covered?” Yes.
– “My dishwasher broke and leaked all over. Am I covered?” Yes.
– “My refrigerator broke and now I have water all over my house. Is that covered?” Yes.
What determines if it is covered? Whether or not it was accidental. In other words, you can’t have a broken pipe inside your wall that drips and drips and drips for years on end, and then you realize you have mold. Sudden and accidental is key.
Something else to keep in mind – if there is a broken pipe in your house the insurance may pay for the claim for the water damage, but they’re not going to pay for the broken pipe. They will pay for the actual damage but not the cause. As always, check with your insurance carrier to make sure you have proper coverage.
Mosher & Associates isn’t just insurance. It’s insurance, personalized. With offices in Argyle, Evansville, Monroe, and New Glarus, our Team of Specialists is ready to provide you with the best coverage for your unique situation. Check out our Mosher Assessment Process (MAP) at mosherinsurance.com/map/ to see how we can help you. Answer a few simple questions and we’ll start you on the path to insurance, personalized.
In or Out of the High-Risk Flood Area, Everyone Needs Flood Insurance
March 3, 2019
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In the wake of Hurricane Harvey in 2017, nearly half of all flood insurance claims were for properties located outside high-risk flood zones-for properties that,