3 Situations Where Umbrella Insurance Is Necessary

Umbrella insurance is not a requirement, but that does not mean it is never a necessity. In fact, there are many instances in which umbrella insurance could be considered a necessity. Stanley Insurance Group, which serves Hilliard, OH, understands that there are situations where you want to plan ahead. If you are familiar with the need for umbrella insurance in these situations, you can plan ahead efficiently.

You Own Your Home

If you own property, you cannot control exactly what happens there. If you have guests over on a trampoline or in a swimming pool, they could become injured without warning. If you own property, you could be held responsible for these injuries, which could include expenses for medical bills or pain and suffering. Umbrella insurance covers some liability costs.

You Are a Landlord

The same applies if you rent out your property. You do not have much control over what happens on the property, so coverage can help you significantly. You want to make sure you are protected as the owner of the home, especially because your tenant’s renters insurance may not cover everything.

You Have a Young Driver in the Home

If you have a new or young driver on your insurance policy or driving your vehicles, you should consider umbrella insurance. This policy might provide protection if your teenager causes an accident that results in harm to others beyond the coverage your auto liability insurance allows.

Get Umbrella Insurance Today

Do you see yourself getting into any of these situations? Now is a great time to look into your insurance options. Speak with Stanley Insurance Group, a company serving Hilliard, OH, to learn more about umbrella insurance.

4 Benefits of Condo Insurance

If you own a condominium in Hilliard, OH, you are getting the best of two worlds: A home and the convenience of living in a strategic location. But as you enjoy your condo, don’t forget about condo insurance from Stanley Insurance Group.

But isn’t my property covered by condo owners’ association (COA) master policy? Whereas COA policy indeed covers you, it’s only limited to the exterior of your building and liabilities occurring in common areas. As such, any damage that occurs inside your dwelling is your headache. 

Benefits of condo insurance

Although condo insurance costs you a few extra pennies, it’s worth every coin. Here are the benefits of investing in condo insurance. 

Liability protection

While you always want a cordial relationship with your neighbors, mishaps can happen. For instance, your son can throw a ball, damaging your neighbor’s expensive window. Similarly, fire from your building can extend to other neighboring condos. 

In both instances, your condo insurance can come to your rescue. Otherwise, without condo insurance, you may have to finance the liability costs from your pocket.

Protection of your building’s interior

Condo insurance covers damage occurring on the inside of your building. This coverage protects your walls, floors, fixtures, and other fittings when disasters like fire, water damage, and others strike.

Personal property coverage

Since you value personal items like electronics, clothing, and furniture, it makes sense to protect them with condo insurance. Condo insurance compensates you when your assets are damaged or lost due to covered perils.

Additional living expenses (ALE) coverage

If a covered peril destroys your dwelling, condo insurance caters to additional living expenses you incur while in a temporal shelter, which could be a hotel or renting a similar unit like yours. 

If you want to avoid losing your money and assets, purchase condo insurance from Stanley Insurance Group. If you own a condo in Hilliard, OH, and its environs, please give us a call. We will help you purchase a condo insurance policy that fits your needs.  

How much life insurance is enough

The question of how much life insurance is enough is something most people struggle with. It is not as simple as saying a particular figure. The figure you come up with has to not only be affordable it has to make sense and provide protection to those you leave behind. It is your personal gift to your family which is why it is not like everyone else’s. At Stanley Insurance Group in Hilliard, OH we are an independent agency which means we work for our clients, not an insurance carrier, and we are able to provide the most choices. 

Buying life insurance is best done when you are young, but this is also the time when you probably have the least need of it. It does pose a dilemma. Buying term insurance doesn’t make sense since the term may run out before the time when you need it most. Whole life makes better sense at this point in your life since it will last an entire lifetime, but it is more expensive and that may figure as a deterrent. Your insurance agent can guide you to the best type of life insurance to set you up for the future. 

Your time of greatest need for life insurance will be when you have a young family. This is probably a 20 to 25-year period of your life. Term insurance can be had in 30-year terms which may make sense. You need to provide for the time when your children are growing up. Experts suggest from 7-10 years of salary as the ideal, but only you can decide how much life insurance will make your family feel secure knowing they will be protected if they lose your income. 

Contact Stanley Insurance Group in Hilliard, OH to discuss your life insurance requirements in person or on the phone.

Types of Auto Insurance Coverage

As a resident of Hilliard, OH, the significance of having a functional car extends to your family and loved ones. It is, however, crucial to ensure that its service delivery remains high and for a long time to come, hence the need for insurance coverage. For this reason, understanding the types of auto insurance coverage becomes paramount. At Stanley Insurance Group, we will guide you on the types of auto insurance to consider.

Comprehensive Coverage

It is hard to know the risk factors associated with the car, passengers, or a third party while on the road. To prepare for the unforeseen incidences of life, you need coverage that will meet your future needs. Comprehensive coverage offers protection against any uncertainty or risk factor associated with you as a car owner.

Liability Coverage

Liability coverage comes to your rescue in cases of accidents that occur due to your negligence or fault. This type of auto insurance covers the repair or replacement costs of the third party’s damaged property and medical bills. It is beneficial as you avoid incurring costs that would otherwise be a burden for you to carry.

Personal Injury Coverage

With personal injury insurance, you get coverage for the costs related to a car accident.  With this coverage, as a resident of Hilliard, OH, you find it easier to overcome various risk factors regardless of the side the fault falls on. This type of auto insurance covers the drivers and other passengers involved in an accident as well.

Collision Coverage

With this insurance plan, the insurer bears the repair expenses of the car after the accident. However, the premium for this auto insurance plan differs with the age, the model, and the market value of the car.

Uninsured Motorist Insurance

With uninsured motorist insurance, you and your car get protection against uninsured motorists and drivers, especially in hit-and-run accidents. With the option of pairing this coverage with underinsured motorist insurance, you get better results in the end.

Get in touch or visit us at Stanley Insurance Group for professional guidance on auto insurance coverage.

Does my commercial insurance cover special events my company holds?

You might wonder what commercial insurance does for your business. Stanley Insurance Group wants you to understand the coverage provided by commercial liability and how to enhance its coverage with commercial special event insurance to protect your Hilliard, OH business when you host a conference, training, or other special events.

Whether you decide to co-sponsor a BBQ or you hold an employee awards banquet, you need liability coverage. Your business may already have a liability policy as a part of its business owner’s policy (BOP), or you might have purchased standalone liability coverage. This coverage does apply to any special event you hold, but you may find that the venue at which you choose to host the event expects you to purchase special event insurance, too.

We offer this special type of liability coverage. Your special event insurance policy only lasts the duration of the event day or days. For example, if you hold a banquet, the policy remains in effect the day of the event. If you hold a weekend retreat, the policy remains in effect for the three days of the activities – Friday, Saturday, Sunday.

This inexpensive coverage provides for third-party claims of bodily injury or property damage occurring during the business-sponsored event. You do have to purchase the special event policy before your event occurs.

This doubles your protection. Your regular liability coverage still protects you. The special event coverage adds to that protection.

Of course, you hope nothing bad ever happens, but insurance can help protect you from the inevitable. Contact Stanley Insurance Group serving Hilliard, OH to obtain a policy before your next big event. Let us help you protect your business.

Is Umbrella Insurance Required in Ohio?

Did you know that umbrella insurance policy is the least understood policy even by many insurance agents? While this insurance coverage isn’t mandatory in Ohio, it can safeguard your financial future by protecting your assets and earnings.

Many Ohio residents are thrown into confusion regarding who qualifies to be a potential candidate for this type of policy. If you want to clear this confusion, connect with us at Stanley Insurance Group situated at Hilliard, OH. Our agents will help you understand who needs umbrella insurance.

What is umbrella insurance?

Umbrella insurance is the extra liability insurance that kicks in when your current liability coverages, such as auto, boat, or home insurance, are exhausted after reaching the covered limit. It’s the safety net you run to when your conventional liability coverages run out. 

What does umbrella insurance cover?

Umbrella insurance is tailored to safeguard you from significant and potentially disastrous liability claims or judgments. Umbrella insurance protects you against claims arising from:

  • Bodily injury to others
  • Personal liabilities, including slander, libel, and defamation of character, and other prevailing personal attacks.
  • Property damage to others

Who needs umbrella insurance?

Most people have the misconception that umbrella insurance is only for wealthy individuals. This preconceived notion can’t be further from the truth. Since anyone can be sued, umbrella insurance is suitable for anyone with a livelihood. However, if you belong to the below categories, you need umbrella insurance urgently since the chances of being sued are high. It’s worth procuring umbrella insurance if you:

  • Own property
  • Have substantial savings or other assets
  • Are a landlord
  • Own things that can culminate in lawsuits, such as trampolines, pools, or guns
  • Regularly hosts parties in your household
  • Are a kid’s coach
  • Serve on the board of a non-governmental organization

Are you curious regarding how umbrella insurance policy may play a vital role in safeguarding the life you have built or planning to develop in Hilliard, OH? Feel free to contact or visit Stanley Insurance Group to get detailed information about umbrella insurance.

Condo Insurance Guide To Help Ohio Residents Find Coverage

Stanley Insurance Group offers insurance coverage to the local Hilliard, OH community. We strive to create opportunities so that our clients can protect their assets. We will help you assess your options and find the right policy for your situation.

Condo Insurance Guide

Staying in a Hilliard, OH condo is a significant investment. Condo insurance gives you peace of mind that your personal items are covered if something happens. This is significant because your condo association policy only covers damage to the exterior of your unit. Condo insurance covers any interior damage to your unit as well.

Liability coverage is one of the most important parts of your policy. You are covered if you invite guests over to your unit and someone gets injured. This is especially important if you plan to host some parties at your unit. Liability coverage also protects you if you cause damage to one of your neighbor’s property. Maybe an accidental fire starts in the kitchen, and it spreads to your neighbor’s unit. You are covered if your neighbor’s property is damaged by the fire. Liability coverage also protects you if you have pets. If your pets damaged some property, you are protected.

While researching coverage, consider taking inventory of your personal items inside the unit. This way, you will have a reference point if your personal items are stolen or damaged. If you have luxury items at your condo, such as valuable artwork, you can add extra coverage to ensure that those items are fully protected. You can also add extra coverage to fully protect you in the event of an emergency. Flood insurance is recommended, as you’ll be protected if severe weather moves through the area and damages the items in your condo.

Stanley Insurance Group Will Help You Find Coverage

Visit our website to learn more information about condo insurance.  

Common Myths About Life Insurance

Life insurance may be complicated and confusing, and it is surrounded by many myths and misconceptions. Some of these myths can be dangerous to believe. For this reason, it is important to know and understand them, which will help you make the right choice and pick a policy you really need. Here is a list of the few most common life insurance myths: 

Myth 1: People With No Kids Do Not Need Life Insurance

It is not just your children you should think when you consider getting life insurance. The purpose of life insurance is to cover your funeral and medical expenses, as well as your personal debts after you are gone. If you have no life insurance, your family members may have to deal with a lot of debt you leave. For this reason, even if you do not have children, it is still important to carry life insurance to make sure that your family members will not have any financial worries. 

Myth 2: Life Insurance Is Too Costly 

One of the most common misconceptions about life insurance is that it is expensive. However, in fact, it is not expensive at all. A term life insurance policy, for example, is one of the cheapest insurance policies – it starts from $10 a month. 

Myth 3: You Cannot Get Life Insurance If You Are in Poor Health

The good news is that there are many insurance companies that will sell insurance policies to people in poor health. There are even special carriers that specialize in high-risk groups. The coverage for these groups of people may be a bit more expensive than for policyholders in perfect health, but there are definitely insurance companies that will work with them. 

Let Stanley Insurance Group in Hilliard, OH Help You Get a Policy You Need

If you live in Hilliard, OH, or any other surrounding town, Stanley Insurance Group is ready to assist you. Our mission is to understand the personal needs of our clients and help them get a policy based on their personal preferences and budget. If you have any questions about this type of insurance, feel free to contact our agents.

Do I need auto insurance in Ohio?

If you are in the Hilliard, OH area, owning a car will be a good idea as it can make it a lot easier for you to get around town. If you do own a vehicle here, you will want to make sure that you get proper insurance for it. There are a few reasons why the typical vehicle owner in this area of Ohio will need to have an auto insurance plan.

Insurance Protects Vehicle

A common reason that you will need to get an auto insurance plan is that it can protect your vehicle. Buying a car is a major investment that you need to protect as well as you can. A great way that you can do this is with a full insurance plan that includes both collision and comprehensive coverage. When you have this protection, you will have the protection to repair or replace your vehicle following an accident, theft, or various other forms of loss. 

Insurance Required Across State

A reason that you will need to get an auto insurance plan here is that it is a requirement for you to have this all over the state. Anyone that intends to drive a car here will need to at least have liability insurance. If you do not have this coverage, you will be in violation of state law and could incur a variety of penalties including loss of licensure. 

As you are looking for a new car in the Hilliard, OH area, it would be wise to call the Stanley Insurance Group. The team with the Stanley Insurance Group understands the value that this coverage can provide to you. They can continue to offer you the guidance you need to choose a plan that is right for you and your situation. 

Why should I get commercial insurance in Ohio?

The Hilliard, OH area continues to be a fast-growing part of the state. Due to this, the area of Ohio can also be a great place to start and own a business. When you do want to own a business here, you need to get the right insurance for it. There are a number of continuing reasons why a business owner here needs to get proper insurance for their company. 

Insurance Will be Required by Stakeholders

A reason that many businesses should get a commercial policy is that it will be required by their stakeholders. Any investor, lender, landlord, or other interested parties will want to ensure that your company is protected with insurance. Most of the time, they will have specific insurance requirements that need to be met. If you do not meet them, you could be found in default of your agreements.

Insurance Protects Future of Business

When starting a business, you likely will want it to be around and be successful for a long time. Not having insurance on your company could put that at risk. Fortunately, when you get commercial coverage, you can receive the protection you need to mitigate a few different risks. This insurance protection can help to replace core assets and give liability support. 

Businesses in the Hilliard, OH area are going to have a lot of opportunities to be successful. If you want to build a successful company here, it needs to be properly protected. To ensure that this happens, you should call the team at Stanley Insurance Group. When you do call the Stanley Insurance Group you can learn plenty about the ways that insurance can protect your company. They can also provide the assistance that is needed to pick an appropriate policy for your organization.