Personal Insurance Archives - Page 10 Of 14 - Otterstedt Insurance Agency

Condo Owner’s Policy Vs. Condo Association Insurance Policy: Key Differences

Written on June 19, 2017.

Condo owners have different insurance needs than traditional homeowners. In addition to insurance that covers your individual unit and personal possessions, the condo association itself will have an insurance policy. Some condo owners believe the association’s policy is all they need to...

We’re Getting Married, Do We Need Wedding Insurance?

Written on May 16, 2017.

You may have heard rain can bring you good luck on the day of your wedding. But, illness, blizzards, hurricanes, and sudden injury are another story. And, although you can’t prevent the unexpected from happening, you can protect your investment and reduce the risks by purchasing insurance...

4 Questions to Ask About Flood Insurance

Written on April 25, 2017.

Flood insurance is something all too many homeowners believe is covered under their standard homeowners’ insurance policies. This is not the case in most situations. In fact, most homeowner’s policies explicitly exclude flood damage from their coverage. This means you must buy a flood...

6 Tips When Shopping for Auto Insurance

Written on April 11, 2017.

Auto insurance is a necessity of driving. It also serves as a vital safety net when accidents occur – if you have the right kind of coverage that meets your needs. Consider these important tips when you are shopping for auto insurance to help you get the right coverage for the right...

Auto Insurance When Leasing a Car

Written on March 21, 2017.

When it comes time to get a new vehicle, you may decide to lease it since it provides an excellent way to get yourself into a brand new model that is more affordable. However, it’s important that you understand the process of leasing a car and insuring a leased vehicle before you make...

Long Term Effects of Insurance Fraud

Written on February 24, 2017.

People working in the insurance industry will be quick to tell you any number of insurance fraud tales. From arson and staged car wrecks to bogus slip and falls, fraudsters have a lot of creativity when it comes to insurance fraud — and this is seriously costing the American consumers a...

What Do Insurance Company Ratings Mean?

Written on February 16, 2017.

When considering an insurance company for your business or homeowner’s policy, instead of just looking at reviews, one factor you may wish to take into consideration is its financial rating. An independent agency determines an insurance company’s credit rating and gives their opinion on...

How Do Health Insurance Deductibles Work?

Written on January 31, 2017.

Before you purchase a health insurance policy, it’s essential that you learn the basics and get an understanding of this type of insurance so you know how it works. This includes your deductible. The deductible on your health insurance policy is different than your premiums, co-pays and...

4 Important Points of a Commercial Umbrella Policy

Written on January 17, 2017.

A commercial umbrella policy is designed to provide coverage when you have expenses that are not covered by your current liability insurance policy. This type of insurance basically ‘picks up’ where your business liability coverage stops and provides you with extra coverage for...

What Does a Personal Umbrella Policy Cover?

Written on December 15, 2016.

For some people the idea of an umbrella insurance policy might, at first, appear to be a foreign concept. When you think about, though, the idea makes perfect sense. Just as an umbrella provides a shield between you and the unexpected storms of the world, so does an umbrella insurance policy –...