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My retaining wall fell over!

SOUND POLICY:

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.

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Are umbrellas only for rainy days?

Sound Policy: Are umbrellas only for rainy days?

Umbrellas are great for keeping you dry during rainy days, but they can also help protect you in other ways. There are two main reasons why you may need an umbrella policy. First, an um- brella policy can help protect your assets. You work hard for what you have. You wouldn’t want one mistake or one bad thing to take all of it away. Something like a car accident could be enough to do that. An umbrella policy, basically a large amount of coverage that sits on top of your home, auto, or renters policy, protects your assets. If you were to ever exceed your liability limits your umbrella policy would kick in to cover the rest.

Second, an umbrella policy helps cover your personal responsibility. We hear it all the time, “If I have an umbrella policy people are going to go after it.” Actually, if you don’t have an umbrella policy people are going to go after it. An umbrella policy protects you but it also protects oth- ers. If you are in an accident and severely injure someone else, your umbrella policy will cover additional expenses for that driver and their family. As always, check with your insurance carri- er with questions you may have on 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.

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Mosher & Associates COVID 19 Update

We’re in unprecedented times as the world seeks to limit the impact of COVID-19. Much of the world has shut down in an effort to keep communities safe and minimize spread of the virus.

As we respond to this pandemic, it’s important remember the difference between “prudent” and “panic” and take reasonable measures without succumbing to fear. The actions being taken, the cancellations of many events, and the closing of many establishments may seem dramatic, but they’re rooted in common sense.

Mosher & associates is taking precautionary measures to safeguard the well-being of our employees and clients while ensuring we can continue to operate with full capabilities. In order to do our part to implement social distancing, these changes have been made at all our locations.

•Effective Wednesday, March 18, our buildings are closed to visitors. If you typically drop off payment, please call first and we will help make arrangements to ensure your policies are paid on-time.

•Please call us if you need to start a claim

•Also, by Wednesday, March 18, many associates who can work from home will do so. We have infrastructure in place so you will notice no difference in service.

•In addition, policy renewal and review meetings will be conducted over the phone rather than in person. We will make sure your policies are mailed to you at your home or business.

Maintaining a high level of service to you continues to be our primary goal. We recognize there will be challenges during this period of time. You can contact our associates using regular phone numbers and emails.

Again, it’s important to remember that the focus is on limiting transmission; even those who aren’t experiencing symptoms may infect others. As insurance agents we know the best time to reduce losses is before they happen, and the more we keep that in mind, the sooner we’ll be able to get back to our normal lives.

Stay healthy,

Scott Mosher