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.

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.

Three things you might not know about auto insurance

Your auto insurance policy selection may come to have a big effect on you financially when you need to file a claim. At Fulginiti Insurance, we provide auto insurance to motorists in Aston, PA.

The following are three things you might not know about auto insurance.

You can save by paying your entire premium upfront.

Most insurance providers will charge you less if you pay your entire six-month premium upfront rather than paying your premium every month. If you can afford to do so, you should try to pay your entire policy premium upfront. This will save you money over the long term. 

Items within your vehicle are not generally covered. 

It would help if you didn’t assume that you’ll enjoy coverage on items you keep within your vehicle. An auto insurance policy generally doesn’t cover damage to personal possessions within your vehicle.

For this reason, it’s best to avoid keeping valuable items in your vehicle when you can avoid it. 

Your credit score might influence how much you pay. 

Many auto insurance providers out there will check your credit score before they will sell you a policy. If your credit is poor, they may charge you more to insure your vehicle than they would if you had a good credit score.

For this reason, it’s best to do what you can to bring up your credit score when you’re shopping for insurance. If you can bring up your score, you might enjoy better coverage for a much lower rate. 

You may have a lot of questions about auto insurance in Aston, PA. If you do, we can help you find the answers you’re looking for at Fulginiti Insurance. Contact us to learn more about auto insurance in your area

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. 

Why do I need to get home insurance?

When moving to the Aston, PA area, it can be a great option to purchase a home. Property owners here will have a great experience and can benefit a range of different ways. When you are going to purchase a home, you should spend time assessing your insurance needs. There are a variety of reasons why you may need to get a home insurance policy when buying your next property. 

Insurance Protects Most Valuable Asset

If you do own a home, it likely will be the most significant asset that you will ever own. The last thing you would want would be for your home to be damaged or destroyed and your investment to be lost. Fortunately, you can protect this investment by getting home insurance. This insurance will cover you from a variety of different risks.

Insurance is usually a Requirement.

You also will want to get home insurance because it very likely will be a requirement for you. Anybody that lives in a home association or has taken out a mortgage will have specific home insurance requirements that they need to meet. If you do not carry the right insurance, it could put you into violation of a variety of agreements. In some cases, a mortgage lender will require that you put forth monthly escrows to ensure your annual policy payments can be covered.

Those that are in the Aston, PA area should spend time carefully assessing their home insurance needs. If you would like to learn more about your insurance needs and options, you should call the team at Fulginiti Insurance. The insurance professionals at Fulginiti Insurance know how important this coverage is. They can then help you to select a policy that is right for your situation. 

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.