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.

Understanding Your Options for Motor Home Insurance

An investment as costly as a motor home deserves to be protected with insurance. Most states require that you have at least liability coverage before taking your RV out on the road. At Fulginiti Insurance in Aston, PA, we’ll help you understand your RV coverage options so you can make good decisions in protecting your valuable investment.   

Coverage Options

When purchasing motor home insurance, consider how you will be using your vehicle. RV policies vary to suit each RV owner’s individual needs. Here are some of your coverage options:

  • Liability – Pennsylvania requires that you carry minimum liability coverage for your RV. This coverage helps cover the cost of injuries or property damage to other drivers if you cause an accident. As an RV accident can cause quite a bit of damage, you’ll probably want more than the minimum to protect you against serious mishaps on the road.
  • Collision – Collision insurance will help cover the cost of repairing your motor home if you crash into another vehicle or hit a fence, tree or wall. Ideally, your collision insurance should be enough to replace your RV in case it’s a total loss.
  • Uninsured Motorist (UM) – If you’re hit by someone who doesn’t have enough insurance to pay for your damages, UM coverage will kick in to save you from having to cover your repair costs out-of-pocket.
  • Personal Property – Property insurance compensates you for the loss of personal possessions such as dishes, clothing or electronics as you travel. If they’re stolen or destroyed in an accident, property coverage will help compensate you for your loss.

Customized RV Policy

You can customize your motor home insurance by selecting only the coverage you need. Talk to an agent from Fulginiti Insurance in Aston, PA, today for all your RV insurance needs.

How does the “cooling off” period for motorcycle insurance work?

Your motorcycle brings you pride, but you do not always enjoy paying the insurance premium. It is not that you do not want to pay for coverage. You understand the importance of a good indemnity policy. It is just difficult for you to comprehend paying the full amount for insurance every month while your motorcycle sits in storage. Did you know that there is a “cooling off” period for motorcycle insurance that is better known as a temporary indemnity policy? The agents at Fulginiti Insurance can help!

What is temporary insurance?

As its name implies, temporary insurance is an indemnity plan that offers coverage for a short period. Some bikers take advantage of such a plan when renting someone else’s motorcycle for a day or week. There is also temporary insurance that drivers can pay for by the month. 

How does the “cooling off” period play into things?

Seasonal insurance is a temporary indemnity plan that allows you to have a policy for your bike during the months that you plan to drive. You can, for instance, choose a seasonal indemnity plan that pays for coverage during the summer months and choose a different temporary insurance plan for winter in Aston, PA.

Those interested in reducing coverage during the winter, when motorcycles are typically in storage, may be interested in motorcycle storage insurance. This type of coverage is designed to cover damages that a bike may incur while stored in a garage or public facility. You cannot legally drive your bike with a storage insurance policy. You will need to restore coverage to standard premium rates when you decide to take your motorcycle on the road.

The agents at Fulginiti Insurance in Aston, PA can help you find the motorcycle insurance policy that best suits your lifestyle. Call us today to get started with a quote!

What Does Umbrella Insurance Mean?

Your insurance policies form a safety net that protects your long term financial health. However, even the most well-planned network of coverages can sometimes fail. When catastrophe strikes, an umbrella insurance policy from Fulginiti Insurance can provide extra protection for your Philadelphia or Aston, PA area lifestyle. What is umbrella insurance and how does it help you maintain your financial health?

The Basics of Umbrella Insurance

An umbrella insurance policy is built to provide extra coverage for your existing policies. It doesn’t replace your auto, home, or commercial insurance. Instead, it supplements those coverages to ensure that you always have the funds you need to rebuild your life after a payout is triggered.

When your primary policy doesn’t quite cover your needs, your umbrella policy makes up the difference. Legal fees, court-ordered penalties, and judgments don’t have to empty your personal savings. By adding umbrella coverage to your insurance strategy, you protect your cash reserves and personal property from legal actions associated with property damage, bodily injury, libel, and slander.

More than just legal assistance, your umbrella policy also protects your lifestyle. What happens when your brand new car is totaled just days after leaving the lot? If your primary auto coverage falls short, the extra funds from your umbrella policy can help you pay off the loan on your damaged car and possibly put a down payment on a replacement.

Umbrella Insurance: A Valuable Asset for Long Term Financial Health

Building wealth requires an intelligent plan. When you’re working out the details of your financial future, consider the benefits of umbrella insurance in your long term plan. With a customized umbrella policy from Fulginiti Insurance, you can:

  • Keep your cash savings safe.
  • Know that you can rebuild your commercial or personal property after a catastrophe.
  • Be able to afford effective legal representation, no matter what the issue.

Contact our agents to talk about how umbrella insurance can directly benefit your Philadelphia or Aston, PA lifestyle.

 

Flood Insurance 101

When it comes to natural hazards, floods happen often and typically cause the most property damage and loss of life. You may think that it is all about rain, but there are many other causes of flooding, including winter storms, melting snow, and hurricanes. According to FEMA, even one inch of floodwater can cause damage to your home or condo. With rising water levels and climate change, almost nowhere is safe from the potential of flooding. Thirty percent of all flood insurance claims are from areas of low to moderate risk. In Aston, PA, Fulginiti Insurance is there to help answer any questions you may have about flood insurance. 

Where to Find a Policy

FEMA administers the National Flood Insurance Program but it doesn’t actually sell you the insurance. You need to buy flood insurance from a local agent. You can contact the NFIP if you need to locate an insurer who sells flood insurance. All agents who sell flood insurance through the NFIP program charge the same price for the coverage in the same area, the price is set by the government program. So it is wise to choose one that you know will be easy to deal with if you ever have a claim. The program limits the structure coverage to $250,000 and contents to $100,000. It doesn’t pay for a place for you to stay while your home is being repaired. 

Private flood insurance is also available and it does have some advantages, it is not limited to $250,000 home coverage and $100,000 like the NFIP policies. So, if you have a more expensive home and a lot of property, it may be a better option. It may also pay for your living expenses while you are unable to live in your home. 

When it comes to flood insurance, you have options. In Aston, PA, Fulginiti Insurance is happy to discuss your options with you. Why not stop by our office or give us a call for a no-obligation quote. 

 

 

 

 

Why do I need condo insurance in Pennsylvania?

Condo owners in Aston, PA and throughout the state have lots of questions about the value of insuring their dwelling. Many misconceptions are out there and a visit to Fulginiti Insurance will help to put your mind at rest about the facts related to condo insurance. You may be wondering exactly what your condo association insurance covers and how that affects the things that you need to cover. 

Condo association coverage

Generally speaking, your condo association is responsible for the exterior maintenance of the units, things like roofs, walkways, exterior balconies, and all common areas. In addition to damage coverage, they also have liability insurance in the event that someone is injured while using the common areas. But let’s just say your furry friend bites someone while being walked on the common walkways, that is all on you. Having liability coverage is one very good reason to have condo insurance. 

Your Coverage

If you have a mortgage on your condo, much the same as if you have a mortgage on a freestanding house, your lender will require that you have condo insurance. Your insurance policy will cover everything inside your condo walls such as your furniture, electronics, clothing, and other personal items. With a good condo policy, you will also be covered for loss of use in the event that your unit becomes uninhabitable due to a covered event. You will get money to help pay for a place to stay. 

Protecting your condo from all the things that can happen is important. When it is time for your first policy or to renew your current policy, the team at Fulginiti Insurance in Aston, PA will be happy to share their vast knowledge of the condo insurance market with you. Give us a call or stop by the office and let us give you a no-obligation quote, you’ll be glad you did.

A Quick, Complete Introduction to Life Insurance

A Quick, Complete Introduction to Life Insurance

Many people obtain their life insurance through their work as an automatic part of their benefits package. You may not think you need more than that, but an additional policy can help protect your family in the event of your death. If your employer does not include a life insurance policy in your benefits package, you need a policy. Fulginiti Insurance, serving Aston, PA, wants you to understand your choices.

Many types of life insurance exist, though. Your choice depends on your situation. Your basic options are a term or whole life policy.

Term Life

Term insurance typically covers the insured for a period of one to thirty years. It pays a death benefit if you, the insured, die during the policy’s term. You can choose from a level term in which the benefit remains the same and decreasing term in which the death benefit reduces in one-year increments, typically.

Whole Life

Whole life insurance, also called permanent life insurance, pays a death benefit when the insured dies. You can choose from traditional whole life, universal life, and variable universal life. With traditional whole life, the death benefit and premium remain the same throughout the policy’s life. The premium does increase once the insured reaches old age, for example, 80 and older. This builds cash value as premiums get paid in from the first payment through the life of the policy. Universal life, also called adjustable life, include a savings component – a cash value account – that earns interest. Variable life policy combines a death benefit and a savings account that can be invested in various financial vehicles. It provides more risk but can result in quicker growth.

Learn more about your life insurance choices by contacting Fulginiti Insurance in Aston, PA. Let us help you determine which policy best suits your financial and investment needs.

Look for this important feature when choosing your auto policy

Having a car is an excellent way to get around, and for many people, they are vital for their personal and professional lives. When your vehicle is totaled, you may be surprised to learn that your coverage is insufficient to replace it with the type of car that you want. Now is the time to ensure that your auto policy provides the coverage that you need. No one wants to find out after they have an accident that their insurance policy doesn’t contain the coverage that they need! The team at Fulginiti Insurance in Aston, PA is here to help you make sure that your policy protects to cover your vehicle, health, and others on the road.

Make sure you have adequate replacement coverage

There are a lot of factors to review when selecting your auto insurance policy, and at times, the entire process can feel overwhelming. When you are choosing your policy, be sure to choose one that has adequate replacement coverage. There are different options available for replacement coverage, but for most people, the right one is the one that provides full replacement coverage. If your car is totaled, you will be in for some major headaches, and you may even have medical issues that need to be dealt with as well. Knowing that your insurance policy provides the coverage you need to replace your vehicle can help to reduce the amount of stress that you have. Don’t overlook this critical feature when you are selecting your auto policy. 

Are you in the greater Aston, PA area? If so, the team at Fulginiti Insurance is here to help you with all of your insurance needs. We are a full-service agency that is proud to work with our community and would love the opportunity to work with you too! Contact our office for a quote.

3 Features to Look for When Choosing Your Commercial Insurance Policy

If you are a business owner in the greater Aston, PA area, the team at Fulginiti Insurance is here to help you meet all of your insurance needs. We understand how hard you work to make your business profitable and want you to determine which insurance policy and coverage level is best to protect your company. We are here to guide you through the process and will provide the necessary information for you to make an informed decision.

Look for these 3 features when choosing your commercial insurance policy

• Full coverage for your building, inventory, and equipment

• Adequate protection if a covered event interrupts your workflow

• Coverage for your vehicles and employees when they are driving them

These three features are just the beginning of the types of commercial insurance protection that is available, but they are three that should not be overlooked. When you work hard to establish a business the last thing that you want is a catastrophic event to occur and wipe out all of your success. When you work with a local commercial insurance agent you can rest assured that you will have the assistance you need in determining the right policy for your needs along with a helping hand should you ever need to file a claim.

Insurance is a protection that we hope we never need to use, but in the event of a catastrophic event, it’s important that you have the protection you need. Don’t wait until it’s too late to review your policy for completeness.

Don’t put off your commercial insurance decision any longer, contact the team at Fulginiti Insurance today and let us help you find the right policy to protect your Aston, PA business.