What Are the Risks Of Not Having Renters Insurance?

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If you rent an apparent or house, renters insurance is what you need. The purpose of this insurance is to protect tenants and their personal belongings from water damage, fire, and theft. Many tenants decide to save some money and not to buy renters insurance. However, it might be a risk that is not worth taking. Here is a list of risks that tenants may face if they decide not to purchase renters insurance:

Risks of Not Having Renters Insurance

Here is a list of reasons why skipping renters insurance is not a good idea:

  • If your possessions are damaged or stolen, they will not be reimbursed. For example, if there was a fire in your home that damaged or destroyed your personal belongings, you will have to pay for repairs and replacement out of your pocket. 
  • You can get evicted without renters insurance. It is stated in some leases that renters insurance is a requirement. Thus, if you signed a lease and agreed to maintain renters insurance coverage, you are risking getting evicted by your landlord. 
  • If your apartment or house is damaged, you will not have a place to live. If the place you live gets seriously damaged and becomes uninhabitable, you will need temporary housing. Usually, it is paid by insurance, but if you do not have renters insurance, you will have to pay for housing itself.

Patrick McNealis Insurance and Financial Group serving Emmaus, PA – We Are Ready To Assist You In Any Capacity 

If you are renting a home in Emmaus, PA or any other surrounding area, you need to carry renters insurance to protect your personal belongings and yourself. Patrick McNealis Insurance and Financial Group provide their clients with all types of insurance services, including renters insurance. We treat our clients with the respect they deserve and always help them find perfect insurance policies addressing their needs. Visit our website or give us a call if you have any questions. 

Is RV Insurance Mandatory In Pennsylvania?

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RV ownership in Emmaus, PA accords you a platform to enjoy the fascinating sceneries of Pennsylvania. Your RV in Emmaus PA is a designed house on wheels; thus, RV insurance should offer formidable protection for your expensive-owned asset. Several RV owners are converting their RV as their home and a prolific trend to tour and enjoy the breathtaking sceneries at the convenience of a home on wheels. Buying spectacular RV insurance from Patrick McNealis Insurance and Financial Group can make you enjoy your travels knowing that you and your expensive asset are protected.

Is RV insurance mandatory in Pennsylvania?

The state of Pennsylvania advocates RV owners to maintain the following coverage for their motorhome:

  • Bodily injury liability: Caters to medical costs for other motorists if you are deemed liable for an accident
  • Medical benefits coverage: It caters to personal medical bills if you are engaged in an accident with your RV.
  • Property damage liability: Reimburses repair or replacement costs for the damaged property for others.

State-mandated liability coverages sometimes are not sufficient to offer maximum protection for you and your RV. Therefore, it’s instrumental in considering other types of optional coverages, namely: 

Collision coverage: It pays for repair or replacement costs for physical damage propagated by a collision with another vehicle to your RV or other stationary objects.

Comprehensive coverage: It pays for repairing or replacing your RV if non-collision perils damage it. These covered calamities include contact with an animal, vandalism, and theft. 

Un-insured and under-insured motorist coverage: It pays for medical expenses for you and your passengers if you are involved in a hit-and-run situation with your RV where the other motorist possesses inadequate coverage, or they don’t have coverage at all.

Replacement cost or personal effects: This type of coverage safeguards your belongings like camera equipment or sporting gear inside your RV.

No matter what type of camp trailer you use in Emmaus, PA our local agent is ready to answer all queries about RV insurance coverage. So don’t hesitate to call or visit us at Patrick McNealis Insurance and Financial Group so that you can have peace of mind on your next trip.

Motorcycle Insurance FAQs

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Insuring a motorcycle in Emmaus, PA provides coverage for all different types of motorcycles. However, knowing and understanding the various forms of coverage to purchase can sometimes be a bit confusing. Patrick McNealis Insurance and Financial Group experts understand purchasing insurance can be overwhelming and are ready to help when needed. 

Below are some FAQs associated with purchasing motorcycle insurance: 

Is buying more than the legal limit of motorcycle insurance a good idea?

As with any insurance policy, the greater the coverage, the better protected you are. The more coverage purchased means premiums will be higher, but this reduces the financial responsibility in the event of an accident or theft. 

Is motorcycle insurance similar to car insurance? 

Motorcycle and auto insurance do work similarly. There is a set premium, and when an accident occurs, you file a claim. The insurance company pays based on the limits outlined in the individual policy. 

Is motorcycle insurance needed? 

Anything can happen when on the road and while your motorcycle is parked. Because there is a risk to owning and riding a motorcycle, having insurance coverage is best to protect your financial interest. 

What coverages will pay for damage to custom parts? 

Comprehensive coverage typically covers the costs associated with theft. However, motorcycles with custom parts and equipment may require additional coverage. When adding custom parts to a motorcycle, let your insurance agent know. Adding the upgrades to the policy ensures the upgrades are covered in the event of theft or an accident. 

Are passengers covered on my insurance policy? 

Asking if passengers are covered is an important question that can only be answered based on the type of coverage included in the motorcycle insurance policy. Speak with your agent to discuss coverage for passengers to be included in your policy. 

Patrick McNealis Insurance and Financial Group experts understand that motorcycle owners have many questions about their insurance coverage in Emmaus, PA. So give them a call today to get all of your insurance questions answered. 

Is Umbrella Insurance A Necessity?

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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?

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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

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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

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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

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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

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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?

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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.