With our comprehensive knowledge base and strong relationships with our insurance carriers, we are able to provide the proper coverage for all of your personal insurance needs. If you don't find the insurance coverage you're looking for, please don't hesitate to Contact Us. We can work with you to provide a reliable insurance package for most anything you need protected.
Auto insurance is designed to help protect you and your car in the event of an accident, as well as providing for injured parties in an accident where you are at fault. Vermont's Personal Auto policy provides coverage availability for liability, medical payments, uninsured or underinsured motorist liability, comprehensive (“other than collision”), collision, rental reimbursement and towing.
The majority of auto policies settle claims on an Actual Cash Value basis. The value of the motor vehicle is the value of the vehicle at that time of the loss or what it would cost to replace your vehicle with one in similar condition in your area. This may not be the same figure as the selling price of a vehicle of the same year and model because mileage, prior damage, wear and tear are considered when arriving at the actual cash value of the damage vehicle. There are some policies that will offer Agreed Value, which means there is a set value of the vehicle, and the premium is based on that amount. These types of policies are typically more expensive. Consult your agent to find out whether this type of coverage is available from your carrier.
The liability portion of the auto policy has two parts. The Bodily Injury liability coverage applies to injuries you or anyone insured under your policy becomes legally responsible for as a result of an accident. Medical payments coverage pays for reasonable medical expenses incurred by you or by your passengers in your vehicle regardless of who is at fault for the accident.
“Collision” and “Other Than Collision” (also known as Comprehensive) coverages apply to your vehicle. Collision coverage pays for damage to your vehicle as a result of its impact with an object or its upset. “Other than collision” coverage applies to damage of your vehicle cause by vandalism, theft, glass breakage, falling objects, fire, explosion or earthquake, windstorm, hail, water or flood, or contact with bird or animal.
Coverage can be provided for your valuable items which might include jewelry, fine arts, guns, furs, cameras, silverware and collections. These items can be scheduled onto your homeowner's, renter's or condominium policies. A recent appraisal of the item is required to show description and current value. This coverage is worldwide and is not subject to a deductible. The homeowner's policy may provide coverage for some of these classes of valuables, but each may have a limit per class, and would be subject to the same perils as your personal property and your policy deductible.
The biggest investment most people make in their lifetime is the purchase of a home. Homes come in all shapes and sizes: condominiums, co-ops, old landmarks and newly built structures. Whether you own or rent, a home is a major investment, both financially and emotionally. If something disastrous should happen, you'd want insurance protection that is broad enough to help you repair or rebuild your home and replace its belongings. That is why it is important to make sure that you are properly insured to protect that sizeable asset.
Homeowner's insurance provides protection for an owner-occupied property and includes coverage for the dwelling, other structures, personal property (i.e furniture, clothing, appliances, etc), and loss of use if a covered loss occurs and you need to find temporary housing while repairs are being made to your home. This coverage can be written to include guaranteed replacement cost on both the building and contents.
Homeowners policy also provides personal liability coverage if you are sued for a negligent act, or if someone hurts themselves on your property. The liability component also extends well beyond the boundaries of your home. Should you be found legally at fault for injury or loss to another individual, whether you unfortunately caused a tumble down a flight of stairs or a fall in the garage, that is the personal liability portion of your policy that will respond.
This coverage is written for the owner-occupied condominium unit providing coverage for the homeowner's personal property, loss of use, personal liability and medical payments to others. It also can include coverage for the unit itself which is based on the exclusions on the Master Policy written for the Association. Usually, the condominium association buys insurance to cover the property (building and structures) and liability coverage for the general association. If you own a condominium, you may be responsible for covering the "walls in" of your unit. This can include but is not limited to the interior walls, flooring, lighting fixtures, and any improvements made to the unit from date of construction. It is best to consult the Association for the details on the By-Laws and advise your agent so they may make the necessary adjustments to your personal policy to avoid any "gaps" in coverage.
Coverage can be provided for your boat, motor, trailer and personal effects. This coverage is written based on the Actual Cash Value (ACV) basis and is rated on the value, length, horsepower of the motor and area of use. Also the ages and driving records of the operators will be a factor. Coverage is also available for Uninsured Boaters Liability as well. This includes pleasure boats, pontoon boats and jet skis.
Personal Umbrella Insurance
Personal umbrella liability insurance is designed to protect you and your family against a catastrophic lawsuit or judgment. It provides expanded coverage and increases the amount of your primary liability protection beyond the basic coverage provided under your homeowners/renters and auto insurance policies.
Many people assume their homeowner's and automobile liability policies provide enough coverage to adequately protect their assets in such a situation. However, this is not always the case. Court awards in the millions are not uncommon when tragedies, such as severe injury or loss of life, occur.
Fortunately, there is a way to help protect yourself and your family from events such as these. A Personal Umbrella policy is designed to provide an additional layer of personal liability protection over the limits set by your basic insurance in $1 million increments. The umbrella also provides coverage, which may not be in your basic policies, such as personal injury coverage.
Coverage is available to tenants for their own personal property in an apartment or rental unit. This is a necessary coverage for anyone renting as the landlord has no coverage for their tenant's personal property. This policy will provide protection for your personal property, loss of use, personal liability and medical payments to others. The property portion of this policy is subject to a deductible per claim.