Otterstedt Insurance Agency Blog | Insurance Questions Answered

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 is Business Personal Property Insurance?

Written on December 28, 2016.

Owning a business is a big investment. It takes a lot of hard work, time, and money to get a business off the ground and running. It takes even more of all three combined with some degree of luck to make your business grow. It’s important to protect the investments of time, energy,...

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 –...

How Do Insurance Companies Determine Home Replacement Value?

Written on November 29, 2016.

A home is the single biggest investment you’re likely to make in your lifetime. It’s important to protect that investment. This means that you need to not only have insurance protection, but also have an appropriate amount of insurance coverage so that if your home is damaged or needs to be...

How Do Car Insurance Deductibles Work?

Written on November 15, 2016.

When buying car insurance you’ll hear a lot of unfamiliar words along with some that seem familiar. One of those words, deductible, can be instrumental in determining your auto insurance premiums as well as how much you pay out of your pocket when accidents occur. Choosing the right deductible...

What Insurance Do You Need as a Landlord?

Written on October 25, 2016.

Most people who make the decision to invest in rental properties and become landlords do so as part of a long-term plan for investing in their future. You probably saved for quite a while to purchase that investment property. Now it’s time to protect it and your other financial interests with...

What Does Gap Insurance Cover?

Written on October 13, 2016.

Gap insurance is one type of insurance coverage that might puzzle many drivers. Understanding what this type of coverage does and does not protect will help you make an informed decision about whether it’s the right choice for you. In order to discuss what gap insurance covers, it is best...

4 Common Business Insurance Claims

Written on September 29, 2016.

As a business owner in today’s fast-paced climate you have a lot on your plate. It’s not all about operating your business, though. You must take steps to protect your business as well. With that in mind, getting insurance is a great way to help your business survive the ups and downs that...