Is Umbrella Insurance A Necessity?

While shopping for your boat, home or auto insurance coverage, you probably came across umbrella insurance coverage. But did you understand what it is and what it covers? If you understand what umbrella insurance is, do you think you need it? Assuming your answer is no, this blog by Patrick McNealis Insurance and Financial Group in Emmaus, PA seeks to address you. 

What’s covered by umbrella insurance? 

Umbrella insurance is extra liability insurance that covers you when your other insurance policies are exhausted. Here are areas that umbrella insurance covers you: 

Property damage

If you caused damage to or lost other people’s tangible properties by any mischance, you may need umbrella insurance — particularly if the costs associated with that property are high. 

For example, accidental damages caused by kids to expensive school properties can be covered. 

Bodily injury liability

This type of coverage comes to your rescue when you accidentally or your property causes injuries to other people. It takes care of unfortunate cases such as

  • When your dog bites your guest 
  • When you hit, say, ten people with a vehicle and auto insurance coverage isn’t enough
  • When people slip and fall on your property 

Personal liability 

Umbrella insurance protects you against slander, libel, and false prosecution. Typically, these liabilities aren’t covered by other liability coverages.  

Who needs umbrella insurance?

According to various insurance experts, you need to consider umbrella insurance if you:

  • Are a landlord
  • Coach kid’s sport
  • Have significant savings
  • Host parties frequently
  • Your driver is inexperienced 
  • Having significant savings/ valuable assets
  • Are a reputable public figure
  • Participate in sports
  • You regularly write and post product reviews of other businesses 

Even the most cautious individuals with no bad intentions can find themselves facing significant lawsuits. While no one wishes to encounter such scenarios, you should purchase umbrella insurance to protect you against unfortunate incidences.

If you are looking for umbrella insurance in Emmaus, PA and its environs, please contact Patrick McNealis Insurance and Financial Group for an affordable quote.

Is flood insurance in Pennsylvania always needed?

In the Emmaus, PA area will want to ensure that they get the right insurance in place for their homes. Depending on your situation, having flood insurance may be a necessity to ensure you have proper coverage. This could be required for a few different reasons. 

You Want to Protect Home

One of the reasons you will want to have a flood insurance plan here is to ensure you can protect your home. If you are going to buy a property, protecting the investment with insurance is a great idea. While you will want to have home insurance, it may not offer much flood coverage. With a flood insurance plan, you can be assured that you will have full protection to mitigate the risk of flood damage.

You Want to Comply with Lenders

You will also want to have a flood insurance plan to ensure that you can comply with your mortgage lender. Anyone that is going to take out a mortgage will have to meet their lender’s insurance standards. If your home is in a designated flood zone, your lender will likely require that you maintain flood insurance at all times. Complying with these requirements will keep you in good standing with your mortgage provider.

It continues to be very important to protect your home with insurance properly. If you are in the market for a flood insurance plan in the Emmaus, PA area, it would be wise to call Patrick McNealis Insurance and Financial Group. The insurance professionals with Patrick McNealis Insurance and Financial Group know the value provided by flood coverage. They can offer you any support needed to build the right plan for your situation. 

Why condo insurance is so important

Condo living can provide an easy lifestyle that many folks enjoy. It is important that condo owners understand the specifics of insurance and what is covered by their Condo Board, and what needs to be handled by their own personal policy. The helpful team at Patrick McNealis Insurance and Financial Group serving Emmaus, PA, and the surrounding area has got you covered. 

Why you need a personal condo policy

While it is true that a condo board will often carry a substantial amount of insurance coverage, it is also required that unit owners have their own policies. A board’s policy will cover things like common areas and structural damage. However, if damage occurs within your unit, it will be your own policy that covers the liability. Condo insurance is important as any damage that occurs within a unit is the responsibility of the owner.

While it may not seem fair, there are instances where an owner will be liable for damage in their unit even if they had no control over the event. For example, if your upstairs neighbor has a plumbing issue, you will likely be responsible for any water or other damage that occurs within your unit. Condo insurance helps to protect you from loss if a covered event occurs. Don’t be mistaken in thinking that condo owners do not need comprehensive coverage. 

Find out more about condo insurance now!

If you are a condo owner in the greater Emmaus, PA area, the team at Patrick McNealis Insurance and Financial Group is here to answer all of your questions regarding insurance. We are here to help, so feel free to call or stop by our office to learn more about the condo insurance policies available in our area. 

4 Important Benefits Of Life Insurance

Patrick McNealis Insurance and Financial Group serves the Emmaus, PA community, as well as the surrounding areas. We strive to help our clients take care of their assets. Offering excellent customer service is important to us. We will help you assess your options and find the coverage you need to prepare for the unexpected.

Life insurance helps alleviate some burden off of your loved ones as they cope with your passing. The policy is a valuable asset that helps give your loved ones some peace and comfort as they figure out what’s next. Here is a look at some important benefits of life insurance.

Assist Your Loved Ones In The Face Of Uncertainty

Dealing with loss is painful for everyone. When you pass away, your loved ones will be in charge of navigating your affairs. Life insurance can assist your loved ones as they put your affairs in order.

Final Arrangements

Life insurance can assist your loved ones as they prepare your final arrangements. This will help ensure that there is a smooth transition following your passing.

Help With Future Costs

If you have children, your life insurance policy can help your children go to college. The policy can also help your loved ones take care of your assets.

Inheritance

If you have valuable assets, having a life insurance policy in place can help you leave an inheritance for your loved ones. You’ll have comfort knowing that your assets are in safe hands.

Patrick McNealis Insurance and Financial Group Will Help You Protect Your Assets

Visit our website to learn more information about life insurance or contact our office in Emmaus, PA.

A Guide To Help Local Pennsylvania Drivers Find The Right Auto Insurance Policy

Patrick McNealis Insurance and Financial Group are happy to serve the local Emmaus, PA community, and the surrounding areas. We are committed to helping our clients find the insurance coverage they need regardless of their situation. We look forward to serving you with integrity and trust.

Auto Insurance Policy

Your vehicle is one of your most prized possessions. Auto insurance allows you to protect your asset. Keep in mind that accidents can happen at any time, especially while you are on the road. Auto insurance gives you a safety net in the event of a crisis.

Collision coverage protects your vehicle if you are involved in an accident with another driver. The coverage also protects your vehicle if it suffers damages by hitting a tree or crashing into a fence. You can add uninsured motorist coverage to protect you if your vehicle is involved in an accident with someone who does not have insurance.

Comprehensive coverage protects your vehicle if it is stolen or vandalized. You are also covered if your vehicle is damaged by a fire or a natural disaster such as a tornado. Comprehensive coverage ensures that you are protected regardless of the situation.

Liability coverage is an asset if you are ruled to be at fault for any injures that occurred due to the collision. You are also protected if you cause damage to someone else’s property. You can add roadside assistance to cover you in emergencies. Perhaps you are traveling out of Emmaus, PA, and you suffer engine trouble. You will receive urgent assistance. If you plan to add any accessories to your vehicle, you’ll have to amend your policy to cover the upgrades if something happens.

Patrick McNealis Insurance and Financial Group Will Help You Protect Your Asset

Contact our office to learn more information about auto insurance.  

What commercial insurance is required in Pennsylvania

It isn’t easy to be a business owner. Business ownership comes with many risks and challenges. Having the right commercial insurance policy can minimize the effect of those risks. But how do you know you have the right amount and type of commercial insurance? In Emmaus, PA, you can talk to Patrick McNealis Insurance and Financial Group, your local independent insurance agency. We take the time to get to know our clients, and we will go above and beyond to make sure your coverage is fitted to your needs. 

In Pennsylvania, if you have any employees, you must have Workers’ Compensation Insurance. It doesn’t matter if they are full or part-time or seasonal. This even applies to family members such as children or a spouse. Employers may opt for self-insurance but must show financial ability to meet payments as required under the Workers Compensation Act. 

Commercial Auto Insurance must also be carried on any vehicles owned by the business. It is a bad idea to use personal vehicles and insurance to do business since your insurance may exclude business use. 

Those are the required commercial insurance in Pennsylvania, but some other commercial insurance lines are recommended for just about any business. Commercial property and liability coverage can save your business if a covered peril strikes. Commercial Property Insurance protects the building if you own it. It is still worth it if you rent it since it covers what is inside the building, your machinery, inventory, raw material, office equipment, and records. Commercial Liability Insurance protects you from legal action. It can pay for legal expenses and a judgment against you. The world is a risky place, and small businesses are at greater risk, with a 53% chance of being involved in legal action. 

Contact Patrick McNealis Insurance and Financial Group in Emmaus, PA for all your insurance needs.

Is Home Insurance Required in Pennsylvania?

If you have a mortgage on your Emmaus, PA home, your lender may require that you purchase home insurance to protect his investment. Otherwise, home insurance is an optional choice for Pennsylvania homeowners. If you’re unsure whether this coverage is worth the cost, consider how you would pay for repairs to your home or replace personal goods if they were unexpectedly destroyed in a disaster. Home insurance from Patrick McNealis Insurance and Financial Group offers the following protection for your home and personal property.  

Dwelling Coverage

Pennsylvania is prone to such disasters as wildfires, winter storms, tropical storms, and tornadoes. These disasters can cause extensive damage to a home, leaving you with thousands of dollars’ or more worth of repair costs. Home dwelling coverage protects you against these and other perils that can damage or destroy your home structure. Optimal coverage is that which covers the cost of rebuilding your Emmaus, PA home if it’s destroyed in a disaster.

Property Coverage

Property coverage protects your possessions, from clothes to furniture to appliances, artwork, and electronics. Your coverage should be enough to cover the cost of repairing or replacing your valuables if they’re stolen or destroyed in a disaster. By making a home inventory, you’ll have accurate documentation of all you own to facilitate claiming if and when it comes.

Liability Coverage

If you receive visitors often, you’ll want liability coverage to protect you against accidental injuries on your property. Liability insurance covers such common incidents as slip and falls, kitchen accidents, yard accidents, dog bites, and more. It saves you from paying the high cost of medical bills from accidental injuries out of pocket.

For quality home insurance at affordable costs, talk to us at Patrick McNealis Insurance and Financial Group. 

Should You Review Your Classic Car Insurance Policy?

If you have a classic vehicle, you probably also have classic car insurance. But when was the last time you reviewed or updated your policy? If you haven’t gone over your policy with your agent in a while, you might want to consider doing that. It’s imperative to have the right type and level of coverage, and it’s harder to have that if you’re not exactly sure what it should be. If you’re in the Emmaus, PA area, Patrick McNealis Insurance and Financial Group can help you get the kind of coverage you need for your classic vehicle. We can also review your current policy, so you know if you need to make future changes.

If you’ve recently moved your classic vehicle to a different storage location, done a lot of work to it, or added some modifications, you may need to review your policy and adjust it so you can keep your coverage strong. It’s never a good thing to have an issue with a vehicle and find that your coverage for it wasn’t adequate. By working with a knowledgeable agent to review your classic car policy, you can reduce your risk of experiencing that kind of problem with the vehicle you love and take pride in. We’re here to help you keep your vehicle protected.

Reach out to us today at Patrick McNealis Insurance and Financial Group if you’re in the Emmaus, PA area. We can work with you on the concerns you have with your current classic car insurance policy. That gives you the option to make adjustments and have more peace of mind and coverage. Make sure you don’t feel that there’s a need to make any changes that can help you feel better, as well. Either way, you’ll know your policy was reviewed and that you have the right coverage for your needs.

Protect Your Personal Belongings With Renters Insurance

Renting a place to live can be exciting, but it also comes with some decisions that need to be made. One of those is the best way to protect your personal belongings, and you can do that with renters insurance. At Patrick McNealis Insurance and Financial Group, we help people in the Emmaus, PA area find the insurance products that are right for them. Reach out to us today, and we’ll make sure you can get the renter’s policy that’s going to cover your belongings properly. It’s not always easy to know what to choose, but it’s much less stressful with the right people on your side.

Our dedicated agents will help you protect the belongings you bring into your new rental space, so you can feel good about the protection you have and enjoy peace of mind in your new location. That’s a great way to feel more secure and to sleep better at night. When you’re unsure about the type and level of coverage you’re looking for, talking it through with knowledgeable professionals can make all the difference. That will give you confidence that your belongings are being protected the right way and let you focus on exploring all that the area has to offer.

If you’re in the Emmaus, PA area, contact us today at Patrick McNealis Insurance and Financial Group. We’ll help you find the renter’s insurance policy that’s going to cover your belongings and meet your needs. Remember, your landlord only has insurance on the structure and not on the contents. Your belongings won’t be protected from loss unless you insure them, and we can help you do that the right way. We can also review your coverage periodically to ensure you have what you need to protect your belongings the right way for the long term.

Three expenses your RV insurance policy should cover

RV owners need to understand what their RV insurance policy covers. We can help you to learn more about what RV insurance can cover at Patrick McNealis Insurance and Financial Group.

The following are three expenses that your RV insurance policy should ideally cover if you are an RV owner in Emmaus, PA. 

Costs of a lawsuit resulting from an RV accident

The liability coverage component of your RV insurance will cover the costs of legal representation if you are sued as the result of an RV accident. When you have RV insurance, your insurance company can handle the details of defending your interests in the event of legal disputes as to the result of an accident. 

Repair costs for damages to your own RV

You should purchase collision coverage as part of your RV insurance coverage. This type of coverage will pay for any expenses resulting from repair bills for your RV.

If you don’t invest in collision coverage, you will have to foot the bill for damages to your RV out of pocket. That’s why it’s so important to make sure that your policy includes collision coverage. 

Repair costs for fire or theft damages to your own RV

If you also invest in comprehensive coverage for your RV, you will also be covered for expenses resulting from fire or theft damage.

Comprehensive coverage is especially important to have if you live in your RV full time. Comprehensive coverage offers you coverage for many types of damage to your RV that standard collision coverage won’t provide. 

Get the RV coverage you need in Emmaus, PA today with our help. Visit our Patrick McNealis Insurance and Financial Group office to learn more about our RV insurance offerings.