What Are Some Things I Should Know About RV Insurance?

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.

What Is an Accident Forgiveness Policy?

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.

How to determine which boat insurance policy is right for you

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!

How Can Umbrella Insurance Benefit You?

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. 

How Much Life Insurance Do You Need?

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.

How will auto insurance protect me in Reno?

Those that are in the Reno, NV area will always want to own a car. When you are a vehicle owner in this part of Nevada, you also need to make sure that you are properly insured. When you do invest in an auto insurance plan, it can protect you and your vehicle in several ways. 

Protect Vehicle

One of the ways that your auto insurance plan can protect you is by protecting your vehicle. If you choose to purchase a vehicle, you will want to use it for a long time. One way that you can ensure that this happens is by getting an insurance plan that has collision and comprehensive coverage. With this level of support, you will be protected if the vehicle is stolen or damaged in an accident. This level of coverage will also be required if you have taken out a loan to buy your vehicle. 

Mitigate Liability Risk

You will also need to get auto coverage to offset your liability risk. Whenever you are behind the wheel of a car, there is a chance that an accident could occur. If you are at fault, you will need to cover the damages out of pocket. Fortunately, you can get an auto insurance plan that will provide you with liability insurance and will help to reduce this concern.  

People that are vehicle owners in the Reno, NV area will always want to know that they are properly supported with insurance. If you are looking for auto coverage here, you can start your search for an ideal plan by calling Hinman & Associates Insurance. The team with Hinman & Associates Insurance knows the importance and value of this coverage and will offer the support that you need to get a proper policy. 

Useful Auto Insurance Tips for First Time Buyers

Auto insurance is that one investment every driver needs. There are no gurus on the street, and anyone can cause an accident. Whether you’ve been on the road for years or you’ve just gotten your first car, auto insurance is critical.

But if you first-time car buyer, you may find it challenging to navigate the somewhat complicated car insurance world. As such, the right coverage is crucial, especially for first-time buyers. To that end, Hinman & Associates Insurance of Reno, NV has prepared for you some valuable tips about auto insurance. Be sure to read through the article for insights.

How does auto insurance work?

Auto insurance works the same as other insurance policies. You are required to purchase a policy that states the type and the amount of coverage, where you pay some premiums to keep your policy active in the event of a claim.

What factors influence auto insurance premiums?

The premiums depend on several factors and some considerations. Some factors include:

  • Type of the car
  • Your driving records
  • Where you live
  • How you commute that is a short or long commute
  • Your deductible
  • Type of coverage
  • Amount of coverage

What are the types of auto insurance coverage?

There are different types of auto insurance coverages, each of them offers a different form of protection. It’s advisable to discuss with your insurer how each of them works to get one that best suits your needs. Here is a list of the standard coverages.

  • Liability coverage
  • Collision coverage
  • Comprehensive coverage
  • Underinsured or uninsured motorist
  • Personal injury protection (PIP) or medical coverage

Besides, you can consider "add-ons" or "riders" to provide coverage in specific areas. For instance, an "engine protect" rider protects you if your engine suffers damage from an oil leak or water ingression.

Get the right policy today!

While you need to arm yourself with car insurance information, working with a trusted insurance agent is an asset. If you happen to be a resident of Reno, NV, and its environs, you can trust Hinman & Associates Insurance for all your car insurance needs.

What Should You Know About Commercial Insurance?

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. 

Why Do Homeowners Need Liability Coverage?

As a homeowner, you want to protect yourself as much as possible. Unfortunately, there are many situations in which you have little control over what happens. You cannot control the movements of your houseguests, for instance. You may have children who have friends over for sleepovers or guests who come to birthday parties in the backyard. When somebody gets hurt, things can become complicated.

Hinman & Associates Insurance, which serves Reno, NV, understands that you want to protect your home and your assets. This is where liability coverage comes in.

Liability Coverage Protects Your Financial Assets

Injuries happen daily, and sometimes homeowners are held responsible for the injuries that guests experience. If somebody is injured in your home, they could pursue a lawsuit against you. Liability coverage helps you avoid paying out of pocket for these expenses.

For example, some liability coverage may extend to medical bills. It can prevent you from being the target of a lawsuit for things like lost wages or pain and suffering.

Remember that not everything is covered. Every situation is different, which is why it is crucial for you to get professional advice from an insurance agent.

Liability Coverage Comes in Several Forms

The level of protection your coverage provides is based on how much liability coverage you add to your policy. The amount of liability insurance you need is based on the assets you hold. It is important that you make an informed decision.

You should ensure that you have liability coverage when you own a home. If you live in Reno, NV, Hinman & Associates Insurance can help you choose liability coverage to protect you and your home.

Classic Car Insurance FAQs

If you own a classic car like a 1965 Ford Mustang, you need classic car insurance. Yes, it would help if you had this special insurance because traditional car insurance is insufficient for collectors or antique cars. Since classic vehicles appreciate, you need a unique insurance policy that protects the true value of your vehicle. 

Do you own a classic car? Or perhaps you are an enthusiast who intends to own one? Hinman & Associates Insurance of Reno, NV, shares what you need to know about classic car insurance.

Is classic car insurance mandatory?

Yes, if you drive on public roads, Nevada requires you to have liability coverage in your auto insurance. This coverage protects you when accused of bodily injury or property damage by third parties.

What does classic car insurance cover?

Classic car insurance provides similar coverage to your typical personal auto insurance. Here is a snapshot of classic car insurance coverages:

  • Collision and comprehensive coverage: These coverages protect your car against physical damage from perils like accidents, falling objects, theft, fire, and other natural disasters. 
  • Liability insurance: It cushions you against third-party liabilities.
  • Uninsured motorist coverage: It protects you against uncovered bodily injury and property damage caused by a driver without insurance.

Besides the above coverages, there exist special coverages unique to classic cars. Some include:

  • Cherished salvage coverage
  • Spare parts coverage
  • Vehicle under construction coverage
  • Restoration coverage
  • No attendance coverage
  • Automobilia coverage

What’s the difference between stated value and agreed value?

What happens if your classic car is totaled? What amount do you receive from the insurer? Like mentioned, classic cars appreciate, unlike conventional vehicles. As such, you need to differentiate between the below values to protect the value of your vehicle.

  • Agreed value: It’s the amount pre-agreed between the policyholder and the insurer. This is the amount you receive (less deductible) when your car is totaled. However, you can adjust this amount if your car appreciates.
  • Stated value: It’s the amount you tell the insurer that your car is worth. Of course, you will have to support the value with documentation. 

If you own a classic car, the agreed value is the best option since it guarantees you to recoup your financial loss if your vehicle is written off.

Where can I buy classic car insurance?

Need classic car insurance? If you are in Reno NV, and its environs, please look no further than Hinman & Associates Insurance. We will offer you classic car insurance that protects your heritage and memories.