Do I Need Umbrella Insurance if I Own a Condo Instead of a House?

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Do Condo Owners Benefit from Having Umbrella Insurance?

For condo owners in Manchester, NH, protecting their investment is a key factor in maintaining financial stability. If you are concerned that your condo is not adequately insured, speak with one of our agents at AS Insurance Agency. We will review your current policy and explain how an umbrella policy provides extra coverage you can rely on when an unexpected event occurs and your regular insurance policy limits are exceeded.

How Umbrella Insurance Works for You

Umbrella insurance acts as an extension of coverage that becomes available when an event exceeds the limits of your auto policies and condo insurance.

Your financial security could be at risk if you are involved in a lawsuit that exhausts your current policies and any savings you may have. A lawsuit could have long-lasting effects on your potential earnings, putting your future at risk. The more assets you have, the more you stand to lose without the additional coverage an umbrella policy provides.

Benefits of Umbrella Insurance for Your Manchester, NH, Condo

With an umbrella policy, you can feel secure knowing coverage is available to pick up where your other policies stop, up to the umbrella limits.

When you speak with us, we will help assess your assets, including your condo, evaluate potential risks you may be held liable for, such as a visitor injured on your property, and identify any activities you participate in that may also pose a risk.

Contact Us

During your call, our staff at AS Insurance Agency will guide you through the benefits of having an umbrella policy for your condo. This policy can expand your protection and strengthen your financial future. Contact us today to learn more.

Insurance Considerations for Group Rides and Motorcycle Clubs

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Riding with a group or being part of a motorcycle club is more than just fun; it’s a lifestyle. From weekend rides through scenic backroads to charity events and rallies, the camaraderie is unmatched. But while you’re focused on the open road and the friendships that come with it, it’s important not to overlook the insurance side of things. At AS Insurance Agency in Manchester, NH, we help riders understand what coverage they need to stay protected.

Why Group Rides Require Extra Attention

Group rides often involve large numbers of bikes traveling together. This increases the risk of multi-bike incidents, especially if a sudden stop or unexpected hazard occurs. Even if you’re the safest rider in the pack, accidents can still happen, and when they do, you want to be sure your insurance has your back.

Standard motorcycle insurance might not fully protect you during organized group rides. Some policies have limitations when it comes to liability coverage in group settings or events organized by clubs. That’s why it’s essential to speak with an agent who understands the nuances of motorcycle group activities.

Club Activities and Liability Coverage

If you’re involved in planning rides or events for a motorcycle club, your personal insurance may not cover everything. Charity rides, for example, may require additional liability coverage, especially if you’re acting in an organizing role. Clubs themselves may need their own insurance policies to protect members and the organization.

Ride Smart, Stay Protected

Before your next group ride or club meeting, take a moment to review your coverage. At AS Insurance Agency in Manchester, NH, we’re here to help you navigate your options and make sure you’re protected, wherever the road takes you. Give us a call today for a personalized motorcycle insurance review.

Can A Child Have Two Different Health Insurance Plans?

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Every parent wants to ensure their child has adequate health insurance to cover their needs. When parents are divorced, one parent may be legally required to provide medical coverage; however, this coverage may not address all of the child’s needs. In such cases, many parents wonder if their child can be listed on two different health insurance plans.

Children and Multiple Insurance Plans

Yes, children can be covered by more than one health insurance plan. Typically, one plan is designated as the primary insurance, which provides coverage first.

The second plan is considered secondary coverage. If the primary insurance does not cover all medical expenses, the secondary insurance can step in to pay the remaining costs.

Common Scenarios Where This Applies

In many cases, child support enforcement agencies in Manchester, NH, require the parent paying child support to obtain and maintain health insurance for the child. If the child is also covered by another insurance plan, such as Medicaid, they would have dual coverage. Medicaid would cover any remaining balance that the primary insurance, through a provider like AS Insurance Agency, does not pay.

This situation is also common among divorced parents who have access to different types of insurance. Each plan may offer unique benefits. For example, one plan might have lower co-pays, while the other provides broader coverage for medical expenses.

Additionally, parents may seek extra coverage for their child if the child has a medical condition requiring more comprehensive insurance. Agents at AS Insurance Agency can help you explore your options and determine whether multiple insurance plans are suitable for your child. Contact us today to learn more. We proudly serve the Manchester, NH area.

What Is the Cash Value of a Life Insurance Policy?

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When you have loved ones who depend on you, it’s important to leave behind financial security to help them after you’re gone. Life insurance is an excellent way to provide this protection, ensuring your family can carry on. Some life insurance policies also include a cash value component, which can be a valuable financial resource. If you’re interested in life insurance, contact us at AS Insurance Agency in Manchester, NH.

Whole Life Insurance

Whole life insurance is a type of policy that accrues cash value over time. The term "cash value" refers to the amount the policy is worth in terms of a cash loan. When a policyholder starts a whole life insurance policy, it does not initially include a cash value. This value builds gradually as the policyholder continues to pay premiums. Over time, it can grow into a substantial amount. The cash value is derived from a portion of the profits the insurance company earns by investing the premiums paid by policyholders.

Borrowing Against the Cash Value

Policyholders can borrow against the cash value of their whole life insurance policy to address financial needs. These loans function like traditional loans—the borrowed amount is subtracted from the policy’s death benefit until it is repaid. Once the loan is repaid, the full death benefit becomes available to the beneficiaries upon the policyholder’s passing.

Get Life Insurance in New Hampshire

Life insurance is a vital tool for creating a lasting legacy and ensuring your loved ones’ financial security. Contact us at AS Insurance Agency in Manchester, NH, to learn more about your options and find the right policy for your needs.

Renters Insurance: Does It Cover Theft From A Roommate?

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Renters’ insurance is a specific type of insurance designed to protect your personal property if you’re renting. While typical landlord insurance policies won’t cover your personal belongings, such as clothing, shoes, furniture, etc., renters’ insurance does. However, it only covers certain events, and the situation with roommates can be complex.

Covered Events

Insurance policies, including renters’ insurance, only provide coverage for specific events. Common examples of covered events for renters’ insurance include:

  • Water damage
  • Theft
  • Vandalism
  • Mold damage
  • Fires

Policies typically list covered events to help policy owners easily determine if they can file a claim. Companies like AS Insurance Agency can also review your policy with you to let you know if something is covered.

Renters’ Insurance And Roommates

Roommates often present a complex situation regarding renters’ insurance. Many roommates are not covered under the policy unless you add their names to it. However, if they are added and file a claim, it can impact your premiums, so everyone should have a separate policy.

Does Renters’ Insurance Cover Theft By Roommates?

Theft by roommates in Manchester, NH, may or may not be covered, depending on your policy. Many insurance companies specifically exclude roommate theft and encourage people to choose trustworthy roommates. However, they may cover vandalism if your roommate destroys your things. Read your policy carefully to determine whether this is covered.

Companies that do cover theft by roommates may require a police report to prove the item was stolen or damaged. Many companies will file a lawsuit against the roommate to recoup the money they spent reimbursing you for your things. This claim can also impact future coverage and premiums, as can any claim filed.

It’s always important to understand your policy before inviting a roommate to move in. Contact the professional agents at AS Insurance Agency to learn more about renters’ insurance coverage. We currently serve the Manchester, NH, area.

Can Your Employees Choose Their Own Doctor for Workers’ Compensation Treatment?

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One of your responsibilities when owning a business is purchasing commercial insurance, including workers’ compensation insurance. If your company is located near Manchester, NH, our team at AS Insurance Agency looks forward to meeting you and helping you find the right insurance choices to protect your employees. We’ve been working with commercial clients in your area since 2016.

Can Your Employees Choose Their Doctor for Workers’ Compensation Treatment?

When your employees are injured on the job, many companies require them to visit specific doctors for their work-related injuries. Some employees may ask if they can use their doctors for treatment of their work-related injury. According to Workers’ Compensation Doctors, employees in West Virginia who are injured on the job may visit their physician for the initial visit. Still, they must choose a doctor from a state-approved list for the rest of their treatment.

Although your employees prefer to go to their doctor, many physicians may not treat injuries incurred on the job. According to Disability Secrets, state regulations for treating work-related injuries can be complex, and many personal physicians are not familiar with or prepared to follow state-imposed guidelines. When employees visit a doctor for the first time after an injury, they must inform the doctor that the injury occurred while they were at work.

Call Us Today for Your Appointment

As a business owner, you know that your need for commercial insurance extends beyond a workers’ compensation policy. Commercial clients in the Manchester, NH area can discover a range of available insurance options when they contact our team. Each member of our team at AS Insurance Agency is dedicated to providing education and support to every client we meet. Call us today to schedule an appointment, and let’s discuss your company’s insurance needs.

Cover Your Coverage Questions with Umbrella Insurance

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Insurance often raises many questions, particularly regarding the cost and extent of coverage. Whether it’s home, auto, or other types of insurance, everyone wants to ensure they have sufficient coverage for any potential claims. This is why many individuals in Manchester, NH, rely on the professional team at AS Insurance Agency for their insurance needs, including umbrella insurance solutions.

Address Your Insurance Concerns with Umbrella Coverage

Investing in insurance can be frustrating and costly, only to discover later that it doesn’t meet your needs. Fortunately, with the right umbrella insurance, you can address these concerns and ensure you have the protection you require. This is why working with experienced agents who can guide you toward the appropriate umbrella insurance solutions is beneficial. If you’re uncertain about the protection your current policy offers, umbrella insurance could be the solution.

Umbrella Insurance Solutions in Manchester, NH

We can assist if you live in or around Manchester, NH, and have questions or concerns about your home or auto insurance coverage or limits. At AS Insurance Agency, our professional team can assess your coverage needs and help determine if umbrella insurance could enhance your protection. Contact us to learn more and schedule an appointment today for the umbrella insurance solutions you need and the desired coverage.

Insurance Needs for Long Distance Hikers

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Have you ever dreamed of hiking the 2,193-mile Appalachian Trail, which passes near Manchester, NH, or perhaps the 2,650-mile Pacific Coast Trail? Maybe you dream of traversing the Camino de Santiago (the Way of St James) through France and Spain. While getting your gear together and making travel plans, you may not even consider insurance…but you should. These long-distance hikes take months to complete and, thus, present unique insurance needs.

Insurance for Long-Distance Hikers

Hiking is not without physical and financial risks. Even a broken ankle can cost thousands to treat. Snake bites, infections, falls, and diseases from drinking unfiltered water are just a few of the health perils you could encounter in the wild. Many hikers quit their jobs to tackle the trail for six months or more. That can leave them without health insurance. In addition, many health insurance policies, such as HMO policies, are regional and don’t cover out-of-network health expenses or pay as high a percentage of the costs for out-of-network services.

In addition to health insurance, single hikers should ensure that their homeowner’s insurance and auto coverage are set up so they won’t miss a premium while they are "off the grid." If you will be storing your vehicle in the garage for the duration of your trip, discuss that with your insurance professional. You may be able to save money by dropping some of your coverage while you’re not driving your car.

Contact AS Insurance Agency to learn more about insurance for your next adventure and your other insurance needs. We have been helping Manchester, NH, area residents with their insurance needs since 2016.

What Does Wall-In Versus All-In Mean on a Condo Insurance Policy Document?

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If you’ve ever looked over your condo insurance policy or your association’s master policy, you might have encountered terms like "wall-in" or "all-in." These terms can be perplexing, especially if you’re new to condo ownership. At AS Insurance Agency in Manchester, NH, we’re here to clarify these differences so you can better understand your coverage and avoid any unexpected surprises.

Understanding Wall-In Coverage

A "wall-in" policy, sometimes referred to as "studs-in" coverage, typically means that the condo association’s master policy covers the exterior structure of the building, including the walls, roof, and shared spaces. However, everything inside your unit—such as flooring, cabinets, appliances, and your personal belongings—is your responsibility. In this scenario, your personal condo insurance policy would need to cover interior fixtures, upgrades, and any damage to the inside of your unit.

What Does All-In Coverage Mean?

An "all-in" policy provides more extensive coverage from the condo association’s master policy. It usually includes not only the building’s exterior structure but also certain interior features of your unit, such as fixtures, flooring, and sometimes even standard appliances that came with the unit. However, it’s important to note that "all-in" policies usually don’t cover your personal belongings, liability, or any upgrades you’ve made to your condo. You’ll still need your own condo insurance policy to fill in those gaps.

The Importance of Understanding Your Coverage

Knowing whether your building’s master policy is "wall-in" or "all-in" is crucial to ensuring you have the right personal condo insurance. If you need help reviewing your coverage or customizing a policy to fit your needs, contact AS Insurance Agency, serving the greater Manchester, NH, area, today. We’ll make sure you’re fully protected, inside and out.

The Importance of Reevaluating Your Motorcycle Insurance Policy in Manchester, NH

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As a motorcycle enthusiast, obtaining and maintaining proper insurance coverage is key to protecting yourself financially. Routinely reevaluating your motorcycle insurance policy is a way to verify that your coverage aligns with the protection you require against evolving risks. If you’re located near Manchester, NH, AS Insurance Agency can help you better understand why reevaluating your insurance policy matters while helping you find coverage that’s just right for your needs.

The Importance of Reevaluating Motorcycle Insurance Policies

Whether you’ve recently invested in a brand-new, upgraded bike or if you want to protect other riders who use your motorcycle frequently, you may need to reevaluate your existing motorcycle policy. This will protect new investments and other riders operating your motorcycle when you are absent. Other reasons you may want to consider reevaluating your motorcycle insurance policy include:

  • Evolving Risks: Risks always change and evolve, even if you’ve lived in Manchester your entire life. Seasonal weather can present weather-related risks that impact riding conditions, whereas traffic density can also heighten the risk of being involved in an accident or collision.
  • Benefits and Discounts: Completing a safety course may help reduce your insurance premium. Additionally, combining your motorcycle insurance with other policies with the help of AS Insurance Agency can result in significant savings.

Understanding why it’s critical to reevaluate your motorcycle insurance policy, whether you enjoy riding for sport or recreation, is vital for any motorcycle owner. If you’re considering reassessing your existing motorcycle insurance policy but are unsure where to start, we can help. For more information about reevaluations and to ensure you’re receiving sufficient coverage yourself, contact AS Insurance Agency for your free quote and consultation near Manchester, NH, today.