Insurance Group of Nevada Blog
Renting an apartment or a house means the building is covered under the owners insurance policy. Unfortunately the renters things are not covered under the owners policy. In addition the cost for temporary housing is not covered by the owner or landlord's insurance policy.
Example: A kitchen fire occurs from an unfortunate mishap and completely destroys the apartment. The owner or landlord requires payment to rebuild the apartment. Who should pay for for damages? The mishap occurred by the tenant, in this case the tenant may be found labile for damages. The average cost to replace and rebuild an apartment can cost as much as $500,000.
In addition while the apartment is being renovated local laws prohibits people to occupy the apartment as it is not safe. Who pays for temporary living expenses like a hotel, and meals?
With a renters insurance policy, a policyholder can receive $500,000 for damages, plus additional living expenses up to $15,000. The average cost of a renters insurance policy is between $10-$30 per month. Contact us today for a no obligation quote.
Spring is right around the corner, and the warmer weather often prompts people in Las Vegas, Nevada to hop in their cars for weekend (or longer) road trips.
Unfortunately, too many of those trips will end up being memorable for the wrong reasons, due to crashes and other risks that drivers face anytime they hit the road.
You can take control of your next trip, whether it’s across the state or across town, by following these simple rules:
Improving safety on the roads isn’t rocket science. Just a little common sense can make a big difference for you, your passengers and your fellow drivers. So be alert and be safe out there on the roads in Las Vegas, Nevada.
Commercial Umbrella Insurance
If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.
The rising costs of lawsuits and judgments are important for today's business owner to consider. Catastrophic liability losses can happen to any business at any time, and a commercial umbrella policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Call Insurance Group of Nevada at (702) 996-6434 or email us at firstname.lastname@example.org today about a commercial umbrella insurance policy.
Nevada what you need to know about commercial umbrella insurance
Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards Insurance Group of Nevada recommends that your business insurance program include this coverage.
What is Excess Liability Coverage?This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.
Who needs Excess Liability Coverage?Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.
Talk to Insurance Group of Nevada today about your business operations and we can advise you what kind of liability coverage you need to protect yourself and your company. Just give us a call at (702) 996-6434 and we’ll help make sure you’re covered.