Is Umbrella Insurance Coverage for You?

Insurance is designed to protect you, your family, and your assets from unfortunate events that can cost you financially. Personal umbrella coverage adds extra liability protection to your insurance portfolio. By learning more about umbrella insurance, you can determine if it’s a good fit for you. These umbrella insurance facts from Fulginiti Insurance can help make your decision.

Understanding Umbrella Coverage in Pennsylvania

Umbrella insurance is extra liability protection above your home, auto, or boat insurance coverage. It’s designed to protect you against large liability claims and lawsuits that pose a risk of depleting your financial assets.

Umbrella policies only come into play after an event has exhausted the liability coverage of your other policies. In other words, it works in conjunction with other insurance coverage.

Personal umbrella insurance typically covers bodily injury claims, personal injury claims, property damage claims, and landlord liability issues.

Is Umbrella Insurance for You?

Although anyone can benefit from the protection that umbrella policies have to offer, it can be beneficial for people with substantial assets such as a home, auto, boat, RV, a business, investment funds, etc., as they’re more likely to get sued for serious accidents they cause.

If you’re held responsible for an accident and damages exceed your other policies’ liability limits, your umbrella policy will pay the extra medical or property damage costs, so these expenses don’t come out of your own pocket. Umbrella insurance will also protect your assets from lawsuits up to the limits of your policy.

Umbrella policies cover your entire family to include your spouse, children, parents, or other relatives living in your household if they don’t have liability coverage under any other policy.

To learn more about umbrella insurance or purchase a policy, contact Fulginiti Insurance, serving residents in Aston, PA.

Who should have flood insurance?

Rising sea levels have increased the number of floods every year, especially in coastal areas. However, places that have never had a flood have seen flooding over the last few years. It used to be that you didn’t have to worry much about flooding unless your home was on the beach or the waterfront. That is no longer the case. At Fulginiti Insurance in Aston, PA, we know about the risks from floods, and we are happy to sit down with you and discuss how flood insurance may be something you should consider. 

Flood insurance is sold through the NFIP, which FEMA manages. You can purchase it directly from them or from one of the roughly 60 agents who are authorized to sell it. You can buy one or both parts of it, contents and/or building. It has set limits on the amount of coverage that it will provide. You can purchase a maximum of $250,000 for the building and $100,000 for the contents. While this may seem like a lot of money, it won’t be adequate for everyone. If your needs go beyond this amount, you have the option to purchase a policy not backed by FEMA. 

Depending on where you live, you may not be eligible to purchase flood insurance from the National Flood Insurance Program. To purchase it, you must live in one of the 23,000 communities that have opted to be a part of the program. These communities have to adopt floodplain management programs to help mitigate floods. If you don’t live in one of these communities, you will need to buy your flood insurance a different way, one of which is WYO (Write Your Own), a collaboration between FEMA and private insurance companies. 

Contact Fulginiti Insurance in Aston, PA for your flood insurance needs.

The Right Condo Insurance Policy for Your Needs

Insuring a condo isn’t quite the same as insuring a single-family house. They have different needs and goals when it comes to the right coverage. But with a knowledgeable insurance agent on your side, you can get a condo insurance policy that will meet all your needs. Then you’ll have the protection you want and expect, along with feeling like you have an advocate, as well. At Fulginiti Insurance, we help customers in the Philadelphia, PA area find the policies they need to keep their condos safe and secure.

When you insure a condo, you’re really covering only your unit. That’s the interior walls of your dwelling and the items contained in your space. The rest of the building isn’t your responsibility, so you don’t have to cover the entire structure like you would with a house. The condo association is responsible for insuring the entire structure, but they aren’t going to cover the individual units or anything you put into them. That’s why you need a good policy for your own protection and why it’s so important to work with an agent who understands how condo insurance works and the needs you have when it comes to coverage.

By reaching out to us today at Fulginiti Insurance, you can get your Philadelphia, PA area condo insurance needs met quickly and efficiently. Our dedicated agents are professionals in the insurance industry and are here to help you choose a policy that will give you the coverage and protection important to you. Condo living can be a great choice for many people, but it’s a little different from owning a detached dwelling like a home. That’s why the insurance is different and why it’s important to have a trusted agent on your side.

Getting Married? Here’s What You Need to Know About Life Insurance

Marriage is a huge step, both emotionally and financially. As you plan your wedding, you will probably have a million things running through your head, and life insurance should be one of them. At Fulginiti Insurance, serving Aston, PA, we want to help you make the best insurance choices by providing you with reliable insurance information. Keep reading to learn more about life insurance. 

Why Do I Need Life Insurance? 

Life insurance is a type of insurance protection that will provide money to your spouse and children if you pass away. This is a significant way to make sure your family is provided for if you are no longer able to provide for them. Your family’s future financial security could be put in danger if they are left without your financial support. 

How Much Life Insurance Do I Need?

This is often the first question that is asked when someone starts shopping for life insurance. Life insurance amounts will vary from family to family because each family will have its own individual needs and unique standard of living. Because this can vary so much from family to family, the best way to determine how much life insurance you should purchase is to sit down with an insurance representative. They will be able to discuss your particular family dynamics and needs so that you can make the best possible choice. 

You must include your family in these discussions. This way, you can make sure everyone is on the same page. Some people find discussing life insurance uncomfortable. Our staff will help to ease any discomfort so that you and your family can focus on making a good insurance choice. 

If you would like to learn more about life insurance, please contact our staff at Fulginiti Insurance serving Aston, PA.

What Does Commercial Insurance Cover?

If you own a business in the Aston, PA area, it’s crucial for you to understand how commercial insurance works. It is important for you to know how commercial insurance works and have commercial insurance to protect your business. Learn the in’s and out’s of commercial insurance and why it’s vital to keep your business afloat with Fulginiti Insurance experts. 

What Is Commercial Insurance?

Commercial insurance is a type of insurance that provides you with financial coverage if your business’s property, equipment, or reputation is damaged in any way. To help protect your business, here are some areas in which commercial insurance can provide coverage: 

  • Liability
  • Injury to an employee on the job
  • Equipment damage
  • Property damage
  • Lawsuits
  • Legal fees

These are just some of the areas in which commercial insurance can provide your business with coverage. The specific amount of coverage you receive and the type of coverage you get will depend on your choice of commercial insurance policy. To find the right commercial insurance policy for your business, visit Fulginiti Insurance for a consultation. 

How Does Commercial Insurance Help?

Commercial insurance provides relief if your business undergoes some trying times. After all, you’ve put a lot of time and effort into building your business, so it only makes sense that you would want the best protection for something you’ve worked so hard to create. Plus, it would help if you also considered the employees who work for you. They have jobs and need protection, just like your business needs protection, and commercial insurance can protect all of the things that keep your business afloat. 

Get Protected with Fulginiti Insurance

When it’s time to get the right commercial insurance policy for your business, visit Fulginiti Insurance. Our office proudly serves the Aston, PA area. 

What are the benefits of getting renters insurance?

If you move into a new home in the Aston, PA area, it is essential to know your insurance obligations. One form of insurance that you may need is renters insurance. This type of insurance is meant for those that will be renting their home as opposed to purchasing one. Several benefits come with renters insurance that you should be aware of. 

Renters Insurance Provides Valuable Coverage

One of the main benefits of getting renters insurance is that it will provide you with very valuable coverage. When you get renters insurance, you are going to receive protection for your personal belongings that will ensure you are reimbursed if they are severely damaged or stolen. Further, you can receive a liability insurance policy that will give you coverage if you are ever deemed liable for an accident that occurs in your home.

Landlord Will Require Coverage

Another benefit of renters insurance is that your landlord will likely require that you get coverage. When you move into a new apartment, it is imperative that you understand the terms of your lease. In many cases, there will be a section that outlines your insurance needs. When you get this insurance, you can stay in compliance with your lease. It is also often the case that you will not be able to move into your new home until you show evidence of insurance.

Before you move into a new home in the Aston, PA area, you need to make sure that you get the right renter’s insurance policy for your situation. When you are looking for coverage, the team at Fulginiti Insurance can help you to pick a policy. Fulginiti Insurance will be able to do this by assessing your individual situation and making sure that you have the coverage that you need. 

What you should know before buying insurance for your motor home

What you should know before buying insurance for your motor home

Nothing beats the excitement that comes with owning a motorhome. It gives you the freedom to move just about anywhere you want without worrying about getting home late or where to spend the night. However, a motorhome is a huge investment that requires care and protection. If you are looking to buy a motorhome in Aston, PA, you need to also think critically about insurance. Our insurance experts at Fulginiti Insurance can help you make an informed decision. So, what should you know about recreational vehicle insurance?

A motorhome is a vehicle.

A recreational insurance policy is almost similar to auto insurance. You are likely to be all too familiar with the requirements and the amount you need to carry. Like any other car you own, you need to make sure your motorhome is adequately insured before it leaves your driveway. Not carrying insurance can result in fines and penalties from the government as motorhomes are considered to come with the same risks as other vehicles.

Consider your needs and all kinds of physical damage.

When buying insurance, you need to think about your needs, budget, and the number of risks you want your policy to cover. If you intend to live or use the motorhome every day, you may want to consider a higher liability coverage and personal belongings protection. If you are only on the roads during summer, you may want to buy coverage that goes from three to six months and then park your motorhome in a safe location during the offseason.

Speak to an agent

Buying insurance for the first time is not always a walkover; there are so many things to consider and a lot of paperwork to be done. Some insurance companies in Aston, PA also offer discounts to RV owners. Specialty agents can shed light on some of these deals and discounts that can be useful to you.

At Fulginiti Insurance, we are all about caring for what matters to you. Contact us for more information.

Make Sure Your Motorcycle Insurance Meets the Pennsylvania Requirements

Just like automobiles, the state of Pennsylvania requires motorcycle insurance for the two- and three-wheeled vehicles on its roads. Fulginiti Insurance of Aston, PA wants you to understand the state’s requirements, so you ride safer. The state of Pennsylvania defines a motorcycle as a two- or three-wheeled vehicle with an engine of 51 CCs or greater. You must insure this size vehicle against bodily injury and property damage at least in the following minimums:

  • per person bodily injury protection of at least $15,000
  • per accident bodily injury protection of at least $30,000
  • per accident property damage protection of $5,000

While this lets you drive legally on the roads in the state, like most financial advisors, Fulginiti Insurance of Aston, PA recommends you purchase insurance that covers other situations as well. This includes comprehensive and collision insurance policies. Here is what each of the other types of vehicular policies does.

  • Comprehensive: after you pay the deductible, this policy covers the cost of repairs to your motorcycle when its sustains damage from a named peril
  • Collision: It includes a deductible which you must pay before it covers the repairs to your vehicle that you incur when in an accident with an object or vehicle
  • Emergency roadside assistance: pays for you to have roadside assistance when your motorcycle breaks, you are involved in an accident, you run out of gas, etc.

You might also consider medical payments coverage, so your medical bills get covered if a deer hits your motorcycle, or an uninsured motorist hits you. Rental car coverage pays for your rental car while your motorcycle gets repaired or replaced. Contact Fulginiti Insurance today to learn more about Pennsylvania motorcycle insurance. Let us help you stay safer on the road.

How To Calculate How Much Umbrella Insurance To Buy

There are a variety of insurance coverages designed to protect you from losses associated with covered events. One of the most common types of insurance is liability, but many policies aren’t able to provide the level of coverage one needs to prevent impacts on their finances.

Umbrella Insurance Protection

Umbrella insurance is designed to offer the policyholder additional liability protection in certain circumstances. Those who are interested in obtaining umbrella insurance may be wondering how to calculate coverage needs to reflect the individual’s current situation. The most common way to arrive at a figure is to base the coverage off of the net worth of the policyholder. There is a secure method to calculate this amount, which simply translates to what you own, minus the amount you owe, or your debts and liabilities. 

Work With an Agent

The best way to ensure you get the right amount of umbrella insurance protection is to work with an experienced, licensed agent. They can help assess your current situation, and then crunch numbers to arrive at an accurate coverage level. Also, they can offer policy options to choose from and even submit paperwork and claims if necessary. People who are interested in umbrella insurance in the Aston, PA area can rely on Fulginiti Insurance to help them get the protection they need to feel secure. 

If you have special circumstances that leave you vulnerable to liability claims, you need to get the protection an umbrella policy can offer to individuals. Call or stop by the Fulginiti Insurance office today if you live near Aston, PA, and get coverage options that meet your needs and prevent gaps in liability protection.

Renters Insurance Benefits For Residents in Pennsylvania

When individuals such as college students are moving into their first apartment, we recognize this as a great milestone. There are a variety of details that they will have to know and understand about maintaining their place to live. An essential way to make sure that they are protected is to have renters insurance. 

At Fulginiti Insurance, we are based in Aston, PA serving those around the state with a variety of insurance options. We believe in making sure that individuals that are renting apartments have proper insurance. As a renter, you have rights, especially when it comes to protecting your belongings. Here are some details to keep in mind while shopping for renters insurance. 

To start things off, you are not required by Pennsylvania state law to have renters insurance. Thankfully when it comes to weather-based disasters, the owner/landlord is typically responsible for covering the property damage. However, your belongings are your responsibility to protect if the latter happens. Renters insurance also covers you in the case that you’re home is broken into, and your things are stolen. You can also be covered if you have to file a lawsuit while injured on the property due to negligence (i.e., falling on snow/ice because the landlord did not properly have the sidewalk/steps taken care of).

Are you ready to speak to a representative to see what policy is best for you? Our team is here to help you with any questions and concerns that you may have while shopping for renters insurance. Fulginiti Insurance in Aston, PA is ready to help you find the renter’s insurance policy that meets your needs and lifestyle.