Archive for April, 2014

What is Umbrella/Catastrophe Liability Insurance?

Wednesday, April 23rd, 2014

Property insurance.Sometimes, things are completely out of our control. For example, you could be at fault in a car accident or something similar and end up injuring someone who is very important and has a lot of money. When an accident occurs, you never know who is going to emerge from the other car. Sometimes the lawsuits that are involved with accidents can mean a big payout on your part. Chances are, if you are involved in an accident with the CEO of a big company, you won’t be able to afford the million dollar lawsuit that comes with it. This is what umbrella / catastrophe liability coverage is for.

Umbrella coverage does three main things for you in case of an unforeseen accident:

  1. Additional lawsuit coverage – Lawsuits can get extremely expensive, especially if you rent a boat or something overseas and end up crashing that boat. In the case of many different types of accidents, umbrella / catastrophe liability coverage can save you from incredibly high lawsuit costs.
  2. Additional defense coverage – If you choose to hire a reputable defense lawyer, it can cost you upwards of $100,000. Umbrella / catastrophe liability coverage will cover most additional defense costs so that you’re able to adequately have your case argued in a court of law.
  3. Liability not covered by normal insurance – Some things happen that your insurance just doesn’t cover. Rare events or things that aren’t necessary under most insurance coverage plans can be covered under umbrella / catastrophe liability insurance so that you’re never blindsided by an unfortunate event.

While you may think that umbrella / catastrophe liability coverage is an extra, unnecessary type of insurance, you should remember that no one can predict the future. The world is out of our control and there are times when things happen that can completely alter the course of our lives. If you happen to get into one of these situations, you’ll be able to take a deep breath of relief, because you know that you’ll be able to handle just about anything thrown at you. Learning all of the ins and outs of umbrella / catastrophe liability coverage can be a daunting task; at Wachter Insurance Agency, we will discuss any benefits or drawbacks of purchasing coverage before you make a decision.

Wachter Insurance Agency opened its doors in 1969 and incorporated in 1996. A family owned and operated agency—now with the 3rd generation actively participating. We are an independent agency representing the ERIE Insurance Group, Progressive, AIC – Agency Insurance Co., Foremost, Chesapeake Employers Insurance, and Wright Flood. Offering auto, home, motorcycle, boat, flood, business and life insurance coverage. If you have any questions or you’d simply like to talk to a representative, please feel free to contact us at 301.371.6335.

Source: http://www.bankrate.com/finance/insurance/what-is-umbrella-insurance.aspx

Who Should Purchase Life Insurance?

Thursday, April 17th, 2014

Life insuranceNobody wants to think about a catastrophe happening or the end of a beloved grandparent’s life, but the fact is, these things happen. The better prepared you are when these things do happen, the easier a bad situation will be on everyone. Purchasing life insurance is something that many young people don’t think about. One reason for this is that young people sometimes seem to think that they will never get old and pass away, or that it’s so far away that there’s no point in purchasing just yet. Another reason people wait is because they think that life insurance is too expensive to purchase at such a young age – believe it or not, life insurance costs three times less than most people assume, and can actually save you and your relatives money in the long run. To find out why people of all ages should purchase life insurance, see the list below.

20s: This is the age bracket that frequently doesn’t purchase life insurance because they think they’re too young; life insurance at this age is important, especially in case of an accident or tragedy. If something happens, there may be debt left over that needs to be paid. This could adversely affect your family or spouse. There are also funeral costs to consider, which get steeper each year.

30s – 40s: Many people in this group have children and families that depend on them. If something were to happen to you at this age and your family no longer had the extra source of income, it could cause big problems. Depending on the type of life insurance you purchase, it could help your family get through a difficult time and still be able to take care of themselves. You’ll be able to help your family even if tragedy strikes.

50s+: Many people in their 50s find themselves helping their children with financial responsibilities, while still taking care of older family members. A lot of responsibility falls on people who make it to a wise age, making it necessary for this group of people to be careful about how their money is distributed. Life insurance can help the younger members of the family as well as the older if unfortunate circumstances befall you.

At Wachter Insurance Agency, we understand that life insurance can be a sensitive subject, and we do our best to approach life insurance policies with care and understanding. We can help you find what fits for you and help feel secure for both yourself and your family.

Wachter Insurance Agency opened its doors in 1969 and incorporated in 1996. A family owned and operated agency—now with the 3rd generation actively participating. We are an independent agency representing the ERIE Insurance Group, Progressive, AIC – Agency Insurance Co., Foremost, Chesapeake Employers Insurance, and Wright Flood. Offering auto, home, motorcycle, boat, flood, business and life insurance coverage. If you have any questions about Possible Causes of Water Leaks, or you’d simply like to talk to a representative, please feel free to contact us at 301.371.6335.

Source: Life Insurance at Every Age

Suggestions for Filing A Pothole Claim

Friday, April 11th, 2014

PotholeAs we all know, this past winter was particularly harsh in Frederick. We just didn’t see all of that snow coming well into March. On the bright, side, we’re now on a quick slide into spring; the weather is starting to improve and the only precipitation we’ve seen in a while is rain. A serious issue that has arisen with the difficulties of the past winter is an increase in potholes. Potholes form when water gets into the ground, freezes, and expands. The expansion of the water causes asphalt to become weak, and when enough tires run over it, it will eventually crack and cause holes. The first thing you’ll want to do is figure out how to avoid potholes. Following are some ways to keep your car from avoiding most damage:

• Driver carefully in the rain – As a rule, this is something you should do anyway. Wet roads can be slick and many times potholes will fill with water.They can be hard to see once that happens; most people pass them off as puddles.
• Keep your tire pressure up – If your tires are better inflated, they’ll handle potholes better. You should also be advised that one of the signs of damage from potholes is uneven wear on your tires.
• Try to avoid potholes – Obviously you should swerve into oncoming traffic, but if there’s a way to avoid potholes, you should. They can cause severe damage to your vehicle. If you can’t avoid it, you’re best off to keep going at speed and roll right over it.

If you do suffer damage from a pothole, there are ways to get compensation from your city. Take the following steps to file a claim.

• Keep a record of the damage – As with any accident, you’ll want to write down a detailed description of the problem; date, time, location, and damages are all important facets of this. Along those same lines. . .
• Take photos – You’ll want pictures of the pothole as well as any damage to your vehicle. Visuals are always good evidence. You should also talk to anyone who saw the pothole cause damage to your car. Witnesses are useful when filing a claim.
• File a police report – Submit this, along with an estimate for damages, with your claim. It will give you a more solid backing when you go to file the claim.
• File the claim quickly – The faster you get all of this done, the better. Some cities put time limits on how long you have to file the claim; don’t wait until it’s too late.

Though claims aren’t always honored, it’s better to file the claim and be reimbursed rather than just accepting responsibility for the damages. In the meantime, it’s important to review your car insurance so you know what is and is not covered. You should know whether your insurance is just liability or if you have full coverage.

To learn more about how to file a pothole claim or to get a quote for car insurance, or you’d simply like to talk to a Wachter representative, please feel free to contact us at 301.371.6335.

Source: http://www.eriesense.com/pothole-claim/#.U0VC861dW1l

Possible Causes of Water Leaks and Damage

Wednesday, April 2nd, 2014

Water DamageWater can be your worst enemy in your home if it starts to seep into places you don’t want it to go.  You may know the causes of most water leaks (such as leaky pipes and toilets) but there are some that you may not have considered to be problems. When water leaks do happen, you want to consider all of the possible problems and know the solutions to them. There are all kinds of tip offs to leaks in your home, including mold or mildew, a high water bill, and the sound of running water when you don’t have water turned on. These are some of the less obvious ones, but also keep an eye out for stagnant water or water stains on your floors or ceilings. Some of the sources of the leaks could be any of the following.

  • Outdoor hose – loose connections and frost damage can cause your outdoor hoses to leak. After a tough winter like the one we just had in Frederick, you should check your outdoor hoses and connections. If you find a leak, make sure to call a professional in to fix it.
  • Dishwasher – this one may seem fairly obvious. If your dishwasher starts to pool water or if the door doesn’t shut right, chances are you may have a leak. Check the hose and make sure you’re always using the right detergent for your dishwasher.
  • HVAC system – It’s important to maintain your HVAC system for obvious reasons (it keeps you cool in summer and warm in winter); however you also want to make sure that your HVAC maintenance is up to date to ensure that it’s not leaking and causing water damage in your home.
  • Refrigerator – copper pipes could have an unsecure connection or could be clogged. It’s also possible that the heat from the motor could cause condensation.

Keep an eye out for common household items causing water leaks. It’s a fairly common problem that can easily be avoided with the right maintenance and an occasional check. Keep a close eye on water damage to avoid hefty bills and mold problems down the line.

Wachter Insurance Agency opened its doors in 1969 and incorporated in 1996. A family owned and operated agency—now with the 3rd generation actively participating. We are an independent agency representing the ERIE Insurance Group, Progressive, AIC – Agency Insurance Co., Foremost, Chesapeake Employers Insurance, and Wright Flood. Offering auto, home, motorcycle, boat, flood, business and life insurance coverage. If you have any questions about Possible Causes of Water Leaks, or you’d simply like to talk to a representative, please feel free to contact us at 301.371.6335.

Source: Five Sources of Water Leaks You Probably Never Knew About