There’s nothing like having a fun-filled day out on the water. Whether you’re cruising down the lake or riding the waves out on the ocean, it’s important that you do all you can stay safe. One of the smartest moves you can make as a boat owner is to buy insurance for your watercraft. Here at The Slocum Agency Inc. serving the Warwick, RI area, we know a thing or two about boat insurance. Let’s take a quick look at the top two reasons to buy boat insurance for your watercraft.
Protect your boat from thieves
Stealing a boat is much harder to steal than furniture or vehicles, but thieves still steal boats every day. To keep yourself protected during an instance like this, you will need to put insurance on your boat. This ensures that you will receive compensation not only for your boat but for any damage that has occurred to it in the event that you get the boat back.
Protect yourself during accidents
Its very important that you know how to operate a boat if you’re going to get behind the wheel. Even with the utmost precaution and safety, though, accidents happen all the time. The cost of a boating accident can be overwhelming, but with the right insurance, you can rest assured you will receive compensation to take care of any damage to your boat as well as any of your injuries.
If you would like to learn more about the many reasons to buy a boat insurance policy for your watercraft, please don’t hesitate to reach out to The Slocum Agency Inc. serving the Warwick, RI area.
Insurance is an essential part of the safety net that protects your livelihood, home, and personal property. While policies like homeowner’s, commercial, and auto are an important component of the fabric that makes up this safety net, they aren’t always sufficient to cover big events. An umbrella insurance policy from the Slocum Agency Inc. offers additional protections for your Warwick, RI area home, business, and investment properties. How does umbrella insurance support these other policies?
In any insurance contract, the deductible is your expected out-of-pocket expenses. Your payouts won’t be triggered until you’ve been billed for at the amount of your deductible.
Some insurance subscribers choose plans with higher deductibles. This saves them a little on their monthly premiums. However, when an event occurs, they could find themselves struggling to come up with enough cash to cover the deductible.
Your umbrella insurance can help cover the cost of your deductible. It can also provide extra funds for repairs and other expenses that might not be covered by your primary policy.
Property, Personal, and Commercial Protection Under One Umbrella
Your umbrella insurance policy can be customized to encompass a number of different coverages. In this way, an umbrella policy provides comprehensive protection for your entire life.
- Your professional liability insurance is included in the coverage. If you’re sued for liable or causing harm to a client or customer, your umbrella insurance will help pay for your defense.
- In a large construction site, an accident that causes multiple injuries can quickly eat through your worker’s compensation allowances. Your umbrella insurance can supplement those funds to ensure your workers get everything they need.
- Even your leisure time is protected with umbrella insurance. Your RVs, ATVs, boats, and other motorized toys can be included in your umbrella coverage.
Umbrella insurance fills in the gaps left behind by your other insurance policies. Learn more about protecting your interests in the Warwick, RI area with umbrella insurance from the Slocum Agency Inc.
Finding your dream home can be so exciting, but what if that dream home is located in a flood zone? People purchase homes in flood zones all the time. Some of the most sought-after real estates are in flood zones. Here are few things to consider if you are looking to purchase a home in a flood zone.
What Type of Zone?
FEMA rates flood zones by risk factors. You will need to do your own research in order to learn all about the type of flood zone the home is located in. Some flood zones are at higher risk than others, and this will be reflected in the flood insurance you can purchase.
How Old is the Home?
The older a home is, the more at risk it will be during a flood. The Slocum Agency, Inc. in Warwick, RI can help you navigate the risk factors that your particular home has depending on how old it is and what flood zone it is located in.
Don’t Be Fooled
You may think that if a home is not required by law to have flood insurance, then there probably is not that much risk of flood. This is not the case. In many instances, a home is at great risk of flood, but flood insurance is not required. It is your responsibility as the homeowner or the home buyer to weigh out the risks involved and purchase the insurance that will best protect your investment.
Also, do not be surprised if over time the flood zone you are in evolves. The environment is always changing, and flood zones change as well. You should be open-minded to this possibility.
If you would like to learn more about flood insurance, call our friendly staff today at The Slocum Agency, Inc. serving Warwick, RI, and surrounding areas.
If you have never purchased life insurance and you are wondering when you should think about getting coverage, then it may already be time. If you are an adult with a family or you are in the later years of your life, then now is a great time to begin thinking about your options.
Protection For Loved Ones
Life Insurance is a type of insurance that will provide financial support for your loved ones in the event of your passing. It can help pay for things such as funeral expenses and mortgage payments. It is a great comfort to families who would otherwise have a burden to provide with a loss of income and mounting expenses. Give your loved ones peace of mind and assistance with bills and other costly expenses in the future with life insurance coverage. Consult an insurance expert for options that fit your lifestyle and will protect your loved ones adequately.
Working With A Caring Agent
When purchasing life insurance, you want to work with an agent who will understand your personal needs and be compassionate and caring when dealing with such a personal purchase. If you live around the Warwick, RI area, you can trust The Slocum Agency, Inc. to give you the specialized attention you need to make good decisions when making a policy purchase. We want to ensure you give your loved ones the tools they need to overcome a stressful time and give them a chance to get back to normal.
If you have a family or if you are planning for retirement, you should consider purchasing life insurance. The agents at The Slocum Agency, Inc. serve the residents of Warwick, RI and are industry experts who can guide you through the process. Call or stop by the office today for more details.
Here at The Slocum Agency, Inc., serving the greater Warwick, RI area, we have customers come to us often asking when they should consider changing their auto insurance policy. It is recommended that you look at your policy every one to two years and see if it still meets your needs. In addition to this, here are three times when you may want to change your policy up.
You Have Purchased a New Car
When you have purchased a new car, you will need to change your auto insurance policy. You need to ensure the new car is listed on the policy and that the policy covers the value of the car. Most insurance companies require you to let them know within two to three days that you have purchased a new car, so be sure to let yours know right away.
Your Life Situation Has Changed
Another reason why you may want to change your auto insurance policy is that your life situation has changed. You may be making more money or you may now have a spouse or child. Changing your policy may help to protect you and your loved ones better.
The Value of Your Car Has Changed
The last reason you may want to change your auto insurance policy is that the value of your car has changed. As your car ages, its value decreases. In some cases, you may drop full coverage if the value is low on your car.
Having the right auto insurance coverage in the greater Warwick, RI area helps to ensure you are fully covered and protected in the event of an accident or unexpected event. Here at The Slocum Agency, Inc., we can help you with all of your auto insurance needs. Give us a call now to get started.
When it comes to a home business one of the most important things is to make sure it is fully covered if something happens. That being said, some home policies do not cover home businesses, and you may need extra coverage. For those in the Warwick, RI area, the agents with The Slocum Agency, Inc. can help you to find the perfect coverage for your home business.
There are a few different things to consider when covering a home business. The first is the size of the business. Smaller businesses can generally be covered through home policies, larger home businesses, however, may need extra commercial coverage. For those that have a home business and that want to cover it with a commercial policy, you are going to want to take out a commercial general liability policy to cover your business.
This type of policy is going to provide you with general coverage and is going to be perfect for home businesses that need to be covered, but that may not be covered through your home policy. You can adjust your commercial general liability coverage easily and can add more or take some of the coverage back as well. This is going to cover inventory, products, equipment, and more. You can always talk with an agent to find out just what your coverage is going to take care of and what you need to add.
For those that live in the Warwick, RI area, the agents with The Slocum Agency, Inc. can help you determine if you need an extra commercial policy or if special consideration in your home insurance policy is going to be enough to protect your home business and keep you working and serving customers every single day.
Most homeowners fully understand the value of homeowner’s insurance in the event of a disaster, such as a fire, tornado, or hail. However, certain things can take place in your Warwick, RI home that could be covered by your homeowner’s insurance policy and you may not even know that they are covered. Take a look at three little-known issues often covered by The Slocum Agency, Inc. homeowner’s insurance policies.
Damage to Your Neighbor’s Property
A limb falls from a tree in your yard and damages the neighboring home’s window. Before you get out your wallet to pay for repairs, make sure you file a claim with your homeowner’s insurance. Most homeowner’s insurance policies do cover damages to neighboring properties if the damage was your fault or caused by something on your property.
Injuries Someone Sustains While On Your Property
Say you are having a backyard get-together and a relative trip on the patio and falls down the stairs. Legally, you can be held responsible for their injuries, and most homeowner’s insurance covers a certain level of property liability if you have elected that as an option when building your policy.
Damages to Appliances During a Storm
If lightning hits your home and sends a power surge through the outlets, it can damage everything from your expensive television to your smart refrigerator. Most homeowners assume there is nothing they can do but go out and replace the damaged items or pay for repairs, but it’s possible that homeowner’s insurance will pick up the tab.
Overall, the homeowner’s insurance policy you have in Warwick, RI could cover more than you know. Reach out to The Slocum Agency, Inc. for more information about obtaining the proper coverage for your home.
There’s nothing better than going out on the open road in Warwick, RI and taking a cruise in a classic car. When you invest in a classic car, though, you want to make sure you are doing everything you can to protect your investment. Here at The Slocum Agency, Inc., we’ve put together a helpful guide that will help ensure you are taking care of your classic car the right way.
Keep the Car Clean
One of the most important tips for taking care of your classic car is to make sure you keep it clean. Even if you go out for a short drive, once you get back, you’ll want to hand wash the car to ensure it’s clean. Notice that we said hand wash. Never should you take a classic car through an automatic wash.
Keep It Waxed
To help protect the paint job on your classic car, which you probably invested a lot in, you’ll need to ensure it gets a wax job on a regular basis. Ideally, you’ll wax the car every time after you hand wash it.
Keep the Interior Clean
In addition to cleaning the outside of the car on a regular basis, you’ll also need to clean its interior. This includes wiping the windows, dash, seats, and vacuuming it at least once a week.
Change the Oil
Changing the oil and performing basic maintenance on the classic car is essential to keeping it on the road for as long as possible.
Want to learn more about taking care of your classic car and how you can get an insurance policy? If so, contact The Slocum Agency, Inc. serving the Warwick, RI area.
A boat is a fantastic investment, and with the right insurance coverage and protection, you can have a great boat and feel confident that you are going to be able to have fun and have your boat covered. For those in the Warwick, RI area, the agents with The Slocum Agency Inc. can help you to find the right boat coverage policy every time.
What types of boat insurance can you have?
For starters, in some cases, you are going to be required to have at least liability coverage to help take care of your boat and make sure that if you are in an accident, you can help cover the bills of the person in which you are in an accident with. This means that when you are looking at buying a boat, you may want to consider where you are going to be boating and if they require insurance on it.
If you have a loan on a boat, you are going to be required to have coverage for the cost of the loan to make sure you can pay the money back in the event that the boat is totaled. You want to be able to pay back this loan and may need to be able to pay back the cost of medical bills or other bills that are associated with the accident in question. You can have liability coverage if you do not have a loan on the boat, and you can also have full coverage insurance on your boat much like you would if you were buying insurance for a car.
For those that live in the Warwick, RI area, the agents with The Slocum Agency Inc. can help you find your perfect boat policy.
You might not think that liability is a big issue in Warwick, RI, but the truth is that no corner of America is exempt. Protecting yourself from lawsuits and the like can be a tricky business, so the experts at The Slocum Agency, Inc. have put this guide together to help you better understand umbrella insurance.
The Liability Breakdown
Umbrella insurance is often called excess liability insurance. That’s going to make sense in a moment. Homeowners and auto insurance policies include a certain amount of liability coverage. Most states even have minimum liability requirements. Umbrella plans don’t kick in until these existing liabilities are exceeded. Things are slightly more complicated than that because a lot of insurers don’t offer an umbrella policy until you have certain amounts of liability coverage (usually more than the minimum) from these other policies. It’s kind of like getting a premium channel from the cable company. They have progressive packages that build up to that channel instead of offering it directly.
Going the Extra Mile
That might feel a little complicated, but it actually makes things simpler. Your agent will help you assess your overall liability risk and compare it to the coverage in your home and auto plans. If you deem it worthy, they can help you get a personal umbrella plan. What you can note is that these plans are designed to help cover liability from any source (unless you have separate business insurance). That means one umbrella plan can be applied to auto accidents, home accidents, toy accidents (like on a boat), or a number of other issues. In short, most people only need one umbrella plan.
This should be enough to show that even in Warwick, RI, insurance can be a complicated mess. Whenever things feel less than obvious, you can always speak with your representative from The Slocum Agency, Inc. They’ll be happy to help you demystify any concepts and help you find comfort in your insurance plans.