Buying motorhome insurance is an important step in protecting your investment – but it’s one that many people don’t give enough thought to. People often choose the first policy they come across without taking the time to understand their options. As a result, they may not have the right coverage for their needs. Here are five of the most common mistakes people make when buying motorhome insurance.

1. Not Understanding What Their Policy Covers

The first and most common mistake people make when buying motorhome insurance is not understanding what their policy covers. Many assume their policy will cover everything, but this is often not the case. It’s essential to read your policy carefully and understand what it does and does not cover.

2. Not Shopping Around

The second mistake people make is not shopping around. There are many different insurance companies, and each offers various coverage options. It’s important to compare policies and find the one that’s right for you.

3. Not Getting Enough Coverage

Many people choose a policy with low coverage limits to save money. However, this can be a mistake if you need to make a claim. Make sure you have enough coverage to protect your investment.

4. Not Reviewing Their Policy Regularly

Your needs may change over time, so it’s essential to review your policy regularly. Make sure that the coverage you have is still adequate for your needs.

5. Ignoring or Omitting Important Details

Providing accurate and up-to-date information is important when buying motorhome insurance. If you omit or ignore important details, it could result in your claim being denied. Make sure you understand the questions being asked and provide accurate information.

Get Motorhome Insurance in Reno, NV

These are just a few mistakes people make when buying motorhome insurance. Be sure to avoid them to get the best coverage for your needs. Are you looking for the right motorhome insurance policy? Hinman & Associates Insurance can help. We offer a wide range of coverage options and can tailor a policy to meet your specific needs. Contact us today to get started.

 

Before making the purchase, check each RV insurance policy coverage. Some might not cover towing expenses, RV rental reimbursement, or medical expenses in case of an accident. You might also want to look into what you need to do to maintain the policy, such as keeping up with maintenance on your RV, following any rules about hauling certain items, or keeping up with any licensing requirements. For expert aid, call Hinman & Associates Insurance in Reno, NV. 

What Entails RV Insurance 

When you’re ready to shop for RV insurance, you can start by contacting an agent or visiting an insurance provider’s website. You can purchase RV insurance through a private carrier, a company specializing in the insurance, or your current car insurance provider. 

Most policies include liability coverage up to a certain amount. Still, it is recommended that you purchase an additional policy to cover the entire value of your RV in case of catastrophic damage or total loss. RV insurance also includes coverage for medical expenses and property damage. 

Depending on what type of RV you own and how you plan to use it, you may need different types of insurance. Confirming that your RV is insured and the type of insurance it needs will help keep you and your passengers safe and protect your investment. 

An RV insurance policy can protect you from financial loss if your recreational vehicle is damaged or stolen. It can also help you recover financially if you’re liable for an accident with another vehicle or property. The coverage offered in an RV insurance policy is similar to other types of car insurance, but there are some crucial distinctions. 

For example, you may want to invest in a policy with especially high liability limits if you plan to drive an especially expensive RV. An RV may be considered a commercial vehicle, so that you might need commercial car insurance. You may also want to consider purchasing a policy with RV rental/lease coverage if you plan to rent or lease an RV occasionally. 

Contact Us

While most policies have similar features, such as liability coverage, finding one that best fits your RV is crucial. You may also want to consider additional coverage, such as RV rental insurance if you rent an RV or liability insurance for a car that pulls your RV. For a consultation, call Hinman & Associates Insurance in Reno, NV.

To claim your motorcycle insurance, you will need to provide your motorbike’s registered number, the name and address of the policyholder, the make and model of the bike, and the total amount of premiums paid for the policy. You will also need to issue insurance proof, such as a recent car or bike insurance quote or a letter from the car insurance company stating that you were covered under their policy. 

If you have a history with your current insurer, you may be able to negotiate a lower premium with a better rate. If a new policy is available, ask about coverages like deductibles, limits on the number of claims you can make, and how quickly you can get ready to cover your damages. Hinman & Associates Insurance at Reno, NV can help. 

What Is an Accident Forgiveness Policy?

An accident forgiveness policy is a contract that provides financial protection in the unlikely event of a covered accident. You and your family are covered by the financial loss you might experience due to an accident. You can purchase an accident forgiveness policy directly from the insurance company or broker. 

The policy will cover any medical bills, lost wages, and other expenses that result from an accident. In most cases, if you are at fault for an accident and are responsible for paying the costs of repairs and medical bills, you will likely be able to receive full reimbursement from your insurance provider.

Final Thoughts

The best time to make a claim is within the first 90 days of the accident. This is usually when your insurance company will begin insuring you against future claims. In most cases, you will need to provide proof of damage to the motorcycle, and your driving record will be a significant factor in determining whether you will be paid out. 

Motorcycle insurance can be purchased for various reasons, such as protecting you in case of an accident or coverages such as liability insurance that are not available on the vehicle you drive. Hinman & Associates Insurance in Reno, NV can come to your aid for superior customer service.

Are you a boat lover? If so, you can count on the Hinman & Associates Insurance team for all of your boat insurance needs! We are proud to serve the boating community in the greater Reno, NV area! Give us a call today and find out more about the boat insurance policy options available in our area. 

Finding the right boat insurance policy for your needs

When you are determining which boat policy will best meet your needs, you’ll need to answer a few questions:

• How often do you use the boat?
• Is the boat stored at your home or in a protected facility?
• Do you trailer your boat to and from the water?
• Is your vessel kept at a marina or similar facility?
• Do you ever store your boat in a dry dock?
• How old is the boat?
• Has the craft ever been involved in an accident or another mishap?
• How much liability protection do you likely need?
• Do you ever take the boat out into open water?
• Is your boat transported to a different area during certain times of the year?
• Are there often passengers aboard?

These are just examples of the type of information that your agent will need to know and understand when helping you choose the right policy for your needs. Sitting down with a local agent is the most efficient and effective way to ensure that you get the protection you need!

We know boats!

If you are wondering which boat insurance policy will best meet your needs, the Hinman & Associates Insurance team is here to help! We service the greater Reno, NV area and would love to work with you. Call or stop by today!

Today, there are many different types of insurance products available. Understanding how these products work will be vital to getting the best protection possible. At Hinman & Associates Insurance, serving Reno, NV, and the surrounding areas, we want to help educate you on helpful insurance products such as umbrella insurance. Keep reading to find out how umbrella insurance can benefit you. 

What Is Umbrella Insurance?

Umbrella insurance is a unique type of insurance product that can help to protect you and your assets if one of your other insurance policies is exhausted. This type of policy can be added to any other kind of policy. If you have a claim event, and the policy is exhausted, and there are still expenses to be paid, the umbrella policy can kick in to cover the difference. 

Who Should Buy An Umbrella Policy?

An umbrella policy can benefit anyone who wants to make sure they are fully covered from a claim event. However, this type of policy is especially beneficial to individuals who have large amounts of assets they would like to protect. It is also incredibly beneficial for individuals who operate a business with a high level of liability. If you participate in any activities, hobbies, or ventures which could carry liability, you may want to consider purchasing an umbrella policy. 

How Much Coverage Do I Need?

The amount of coverage you should purchase with an umbrella policy will vary greatly depending on your unique risk factors. A knowledgeable insurance agent will be able to discuss amounts with you to get the policy that best fits your situation. 

If you would like to learn more about our insurance services and products, don’t hesitate to contact us at Hinman & Associates Insurance serving Reno, NV, and the surrounding areas. 

You will want to ensure that your life insurance benefits will be enough to cover all of your financial obligations once you pass away. Therefore, the best place to start is determining how much you need is to take a look at your current financial resources and expenses. Hinman & Associates Insurance of Reno, NV can also help you calculate the amount of coverage you need when purchasing your policy.

Coverage for Basic Needs

The formula for calculating basic needs is to subtract the amount of any existing assets that can be used to pay the bills once you are gone from the financial obligations that will need to be covered. The remaining amount will determine how much life insurance you may need.

The financial obligations that will need to be covered typically include:

• Income replacement
• Mortgage
• Large debt
• College tuition for children

Existing assets that you have for your family to use to pay bills after your passing may include:

• Savings, such as retirement savings like a 401K plan
• Any life insurance policies that are already in place
• A 529 account for college savings
• Burial insurance that will cover funeral expenses

The Consequences of Insufficient Coverage

If you fail to obtain enough life insurance to meet the financial needs of your family, they could be in trouble when you die. One study found that the family could be financially impacted in one to six months following the death of the primary wage earner. If you do not secure an adequate amount of coverage, your family may not be able to pay for everyday expenses when you are gone.

At Hinman & Associates Insurance of Reno, NV, we will take the time to look at all of your current expenses and assets in order to determine how much life insurance you need to purchase. Give us a call today.

If you run your own business and have a company, commercial insurance is one of the first things you need to consider. The purpose of commercial insurance that is also known as business insurance protects your company and you as a business owner from different risks and unexpected events. Here is what you need to know about this type of insurance: 

What Should You Know About Commercial Insurance?

• Standard commercial insurance protects businesses from such risks as property theft and damage, client lawsuits, unexpected events, and client or employee injury. 
• There are different types of commercial insurance serving different types of business needs. Here are the most common of them: errors and commissions insurance (also known as professional liability insurance), general liability insurance, a business owner’s policy, cyber liability insurance, commercial auto insurance, workers’ compensation insurance, and fidelity bonds. 
• There are certain factors that have an impact on the cost of commercial insurance. They are the type of business, the number of employees, whether you have commercial vehicles or not, and some others. 
• If you own vehicles that you use for commercial purposes, you need to have commercial auto insurance because standard auto insurance will not cover them. 

Hinman & Associates Insurance serving clients in Reno, NV

At Hinman & Associates Insurance serving clients in Reno, NV and other surrounding areas, we do our best to provide our clients with proper insurance policies depending on their personal needs. If you are looking for a commercial insurance policy to protect your business, we will be glad to help you. Our insurance agents will find you the perfect policy based on your budget and the type of business you own.