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Why You Need Uninsured Motorist Coverage

Posted: 2/3/2012 12:00:00 AM
Just about all the western states require drivers to have auto liability insurance before they can legally drive a car. In nearby Reno, auto insurance holders should always insist on higher than minimum levels. (Liability insurance pays the other driver’s medical, car repair and other costs when the policyholder is at fault in an auto accident.) State laws set the minimum amounts of insurance or other financial security that drivers must pay for the harm caused by their negligence if an accident occurs.

Why You Need Uninsured Motorist Coverage

Posted: 2/3/2012 12:00:00 AM
Just about all the western states require drivers to have auto liability insurance before they can legally drive a car. In nearby Reno, auto insurance holders should always insist on higher than minimum levels. (Liability insurance pays the other driver’s medical, car repair and other costs when the policyholder is at fault in an auto accident.) State laws set the minimum amounts of insurance or other financial security that drivers must pay for the harm caused by their negligence if an accident occurs.

Running a business is more difficult and time consuming in these economic and challenging times. The forty hour week is a thing of the past if you want a business to succeed. One very important precaution that often gets overlooked in the time consuming process of running a business is to put together a plan in case of catastrophic disaster. Throughut the country this year, there have been record setting occurences, including floods, hurricanes, draughts that all negatively affect business insurance. Nevada, where we at Menath Insurance is based, has had two major fires in the Reno area.

The attached article from the Insurance Information Institute outlines what steps should be taken to insure that you have a disaster recover plan.

In this technological age, households are full of electrical equipment that we would probably find it hard to do without. New houses are built with this in mind, but older houses may provide you with some challenges when it comes to getting everything installed and running smoothly. While it might not occur to you initially, this could impact on your home insurance. Nevada homeowners need to be aware of the possible pitfalls and potential for accidents and damage when installing high tech appliances in ageing dwellings.
In these challenging times, consumers are always looking for ways to save money, especially with their insurance costs. Many people ask us at Menath Insurance if they should reduce the dwelling coverage on their home insurance. Nevada especially has seen such a drop in property values that reducing coverage is a justifiable question. What some people don't understand is that insurance covers replacement cost, not the property value. In this real estate market, it usually costs less to buy a home than to build one. An option that some people choose is to raise their deductibles. Claims shouldn't be made unless the loss is of the catastrophic nature, so an increased deductible from $1,000 to $2,500 probably won't be used, and would save on the annual premium.
The attached article from the Insurance Information Institute describes other options for saving on insurance rates.

The Importance of a Home Inventory

Posted: 1/30/2012 12:00:00 AM

When insuring your property, one of the most confusing topics that a consumer has it trying to determine the value of one's personal property. Dwelling replacement is a fairly simple calculation based on the square footage, area the home is located and quality of construction. Putting value on all of your "stuff" can be a lot more challenging when determining the amount of coverage for your home insurance. Nevada older homes have a particular challenge since many of the classic properties contain antiques or older funiture that may be difficult to place a value on.

The below article from the Insurance Information Institute talks about how to value personal property and has a convenient form to list your assets.

There are many factors affecting auto insurance rates; age, driving record, credit history and type of vehicle you own. Another factor is the desire of the vehicle among auto theives in a particular area. We found that in nearby Reno, auto insurance rates are adversly affected due to the rising theft rate. The below article spells out what a person can do to defray the costs by determining which cars are the least likely to be stolen, plus other safeguards against rising rates.

Protecting Yourself Against Cyber Crime

Posted: 1/25/2012 12:00:00 AM
The fastest growing area of crime affecting businesses may be cyber-crime. Unfortunately, as the use of technology increases, so does the ability of cyber criminals to take advantage of vulnerable points of access. Apart from the direct risks to your business, it can impact on your business insurance. Nevada business owners will find that they are not alone in struggling to keep up with the ingenuity of hackers.

Winter Driving Tips

Posted: 1/24/2012 12:00:00 AM
For our great clients who live in San Diego, or other warm climates, you can laugh at and ignore this article. For those of us in the Tahoe/Reno/Northern Nevada region, we got our first significant snowfall of the year. Since it has been so long, it's good to have a reminder of what precautions need to be taken to drive in hazardous winter conditions. The below article gives some hints on driving in the snow and ice.

Do You Understand Your Liability Coverage?

Posted: 1/19/2012 12:00:00 AM
As much as insurance agents try to be the experts, and instill confidence that you are in their knowledgable hands regarding your policy, it is so important for individuals to understand what their policy covers. Ultimately, the loss effects you, so take the time to read and ask questions about details of your insurance policy. Read below an example of how a misunderstanding could have cost a client a large amount of money
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