Personal Insurance


personal insurance merit insurance

Because we maintain relationships with a wide range of insurance providers, we are able to help you select the Personal Insurance products and services that are right for you.

 
Please click on any one of our Connecticut Personal Lines products for more information:

Auto

Your car has two unique qualities. First, it is probably one of the most expensive things you own. Insurance protects your investment and guarantees you a way of coping with the expense of accidents, vandalism or theft, as well as securing your financial responsibility to the bank or other institution lending the money to buy your vehicle.

Second, when you drive, you are operating a powerful machine, weighing one ton or more and capable of moving at over 100 miles per hour. You are responsible for the safety of your passengers, your fellow drivers, other people’s property, pedestrians and yourself. Insurance helps you live up to that responsibility by ensuring your ability to cover the costs of potential damages or injuries.

You are also required by state laws to be financially responsible. This requirement is best satisfied through your insurance coverage. In most states, insurance is a prerequisite to registering your car. So if you want to drive your own vehicle, you must be insured.

At the very least, you need the coverage required by your state to register and operate a vehicle. In addition, you should consider purchasing enough coverage to protect your assets and ensure that you can be financially responsible if you injure someone in an accident. You may also want the added coverage of a Personal Umbrella Policy (Excess Liability) depending on your assets and need for coverage. Because your individual needs determine what insurance coverage is right for you, contact our agency about your individual auto insurance needs.

 

Condominium Unit Owners Need Home Insurance Too

As an owner of a condominium, you are also a member of your condo association. As you probably are aware, the association carries insurance on the basic structures and property. Chances are, though, association insurance does not cover the interior of your unit. If your building was damaged, you’d find that everything from the framing inward – including wall finishings, appliances and fixtures, household goods, perhaps even the plumbing and heating – is your responsibility. Condo policies can fill in the gaps, covering personal property, building additions and alterations, physical damage to property of others and additional living expenses.
 

Flood Insurance – Don’t Let a Flood Drown Your Dreams

A flood policy protects you from flood damage caused by the complete overflowing of inland or tidal waters onto the land or rapid and unusual accumulation of surface waters that put your home in jeopardy. In addition, damage caused by mudflows resulting from flooding related to a river with mud running over a surface of normally dry land areas is also covered.

While the chance that fire will strike a home is only one percent in the life of a 30-year mortgage, the chance of a home located in a flood-prone zone being ravaged by floods is 26 percent for that same 30-year span.

According to the Federal Emergency Management Agency, floods result in over $1 billion of property damage each year. Yet only one-third of Americans living in heavy flood zones have the insurance to handle it (homeowners insurance doesn’t cover flood).

Federal flood insurance is the only type of coverage that protects your home and belongings from damage caused by rising water associated with flooding. Coverage includes structural elements, contents and personal items.

 

Homeowners Insurance – Giving You Peace of Mind

Insurance is your protection against the uncertainties of day-to-day living. For most people, their home is their single most valuable possession — and their biggest investment. Homeowners insurance protects your investment as well as you, the members of your family and your household possessions.

If you were to suddenly lose your home due to fire or a tornado or have the contents damaged or stolen, like most of us, you probably could not afford to replace everything all at once. And if somebody sued you for an injury or damage caused by you or your property, the cost of defending that suit could run into thousands of dollars in legal fees — regardless of the outcome of the suit. All of these situations are covered by the homeowners package policy. While it may be unpleasant to think about fire, theft, and other “uncertainties of life,” these things do happen.

In addition, you need to carry homeowners insurance because mortgage lenders require it. No mortgage company will lend the large amounts of money needed to finance homes at today’s prices without requiring an insurance policy to protect that investment.

How you choose to buy homeowners insurance depends on your own particular needs and preferences. Consult our agency to be sure that you have the right coverage for your needs.

 

Protecting Your Home Based Business

Many home business owners operate with a serious gap in their insurance coverage, either because they don’t realize homeowners insurance doesn’t cover business risks or because they don’t want the expense of a separate commercial insurance policy.Some insurers let you extend your homeowners policy to include business use of your premises. So it costs less than a traditional business policy, partly because there are no overlaps in coverage. Plus it gives you the convenience and security of having all your protection under one roof – just like your home and your business. So if you ever do suffer a loss, you’ll only have to make one phone call to get the help you need. With some companies, you may even be able to customize protection to meet the needs of your particular business.
 
 

A Personal Umbrella Policy Extends Your Coverage

Unfortunately, these days anyone can be sued. And, million dollar judgments, once a rarity, have become all too common. Even if the court decides in your favor, you may still have to pay legal fees and court costs.
 
Personal umbrella plans take over where your basic automobile and homeowners policies leave off. How does a personal umbrella policy work? It’s simple. Suppose someone is seriously injured on your property and wins a $750,000 lawsuit against you. Your primary insurance policy would cover the damages, but only up to the policy’s maximum limits. Say that limit is $300,000. That leaves you with a hefty sum to pay out of your own pocket. A personal umbrella policy could cover the remaining $450,000. It is definitely worth considering.
 
 

Renters Insurance – Protecting You and Your Personal Possessions

In all likelihood, your landlord has insurance on the building you call home. It protects your landlord against liability claims and covers the building as well as personal possessions the landlord may have on the property. But it doesn’t cover you against liability claims. And it doesn’t protect your possessions.Generally, renters insurance policies protect your personal property against loss from fire, theft, lightning, windstorm, hail, explosion, smoke, vandalism and a long list of other hazards. If you have to move to temporary quarters because of damage to your building your additional living expenses, such as hotel or motel charges and the cost of dining out, may be covered under some policies at an additional charge.Renters policies may also protect you if you’re legally liable for accidental death or injuries to others on your premises, or for the actions of family members or pets. If a person is accidentally injured in your home, or by any family member or pet, medical care payments may be covered, regardless of liability.

 
 

Watercraft Insurance – Don’t Get Stranded Without Protection

The responsibility of owning a boat goes beyond keeping it looking good and in working condition. Watercraft insurance provides a person with a sense of security — if an accident happens, they are covered.

 
Boat owners face similar risks to those of auto and homeowners. Watercraft insurance is the safe way to ensure that in the case of an accident, you will be protected. Boats have the potential to be involved with property damage, damage to another person’s property, or injury to other people.