What if the worst happens?

No one wants to think about the worst case situation.  No one wants to think about causing an accident where someone gets hurt badly or worse.  No one wants to think about being the cause of a complete home loss or slip and fall that drastically alters someone’s life.  These situations though can and do happen.  Insurance whether home or auto is there to help you financially in these situations, your liability limits are what come into play if a worst case scenario happens.  Liability limits are something that a lot of people do not give much thought.  Everyone wants to know what their premium is or how much money is the deductible.  While premiums and deductibles are important and have a financial impact on your life, they do not have the potential impact that too low of liability limits would have in a worst case situation.  Many times the cost of raising your liability limits is very cost effective. 

 

How do you know if your liability limits are too low?  One way is to look at your assets.  If you had a worst case situation and were sued how much would you stand to lose?  Sadly for many people in worst case situations you have the guilt of seriously impacting someone’s life, and then you potentially have to look at the possibility of losing your 401k or your house or everything you have worked for.  The Insurance Services Office estimates that 20 percent of people who purchase auto insurance purchase state minimum coverage.  Are you one of that 20 percent?  You can also contact us at 412-344-2800 to discuss and evaluate your liability needs. 

 

What if you need a higher liability limit than your auto insurance offers?  Is there a cost effective way to cover me for a worst case situation that would cover both my auto and my home?  Yes there is.  An umbrella policy is in many cases a cost effective policy that can give you a million dollars or more of liability coverage that can be excess over your limits of liability on your auto and home.  Most companies offer an umbrella policy that offers excess coverage for your home and auto.  Many of our carriers offer very cost effective umbrellas. 

 

No one wants to be involved in a worst case situation accident.  No one wants to be involved in that kind of situation and lose everything they have worked hard to achieve.  Consider adding an umbrella policy to your insurance portfolio.  You can contact us via the contact page on this website or call us at 412-344-2800.  You can also reach out to us via social media accessed through the buttons on this webpage. 

Three Rivers Boat Show and Pittsburgh Outdoor Expo

A reminder that we will be at the Three Rivers Boat Show this weekend January 26th, 27th, and 28th.  The Three Rivers Boat Show is part of the Pittsburgh Outdoor Expo at the David L Lawrence Convention Center.  Stop by and see us and talk Boat Insurance or insurance for your other toys.  While there register to win a JBL Flip 4 water proof Bluetooth ready speaker.  

Three Rivers Boat Show and Boat Insurance

Tired of winter weather bringing freezing temperatures and icy driving conditions?  Spring my not be right around the corner but we can act like it is.  This January 26th, 27th, and 28th we will be at the Three Rivers Boat Show.  The boat show will be at the David L Lawrence Convention Center.  This show will be part of the bigger Pittsburgh Outdoor Expo.  Boat Insurance can be a little bit tricky.  Most companies will insure a boat, however, some companies may be a better fit than others based on where you plan to use the boat and what coverage’s you need for your boat.  Do you take your boat into ocean waters?  Does your boat go to Canada?  These are factors that could determine where you want to place your boat insurance.  Another major factor that could influence your decision on where to insure your boat would be the valuation of the boat after a claim.  There are two main ways that a boat is valued when it comes to insurance, actual cash value and agreed value.  Actual Cash Value would take deprecation into account.  Insuring your boat for actual cash value can save you a little bit of money, but in the event of a claim you would be subject to having your boat depreciated in value and then have the deductible as well.  Agreed value is just like it sounds, you and the insurance company agree on a value of the boat, the boat is then insured for that value minus the deductible. 

 

Do you have electronics such as depth finders, GPS equipment, Sonar equipment, or just things like an upgraded radio?  These are typically items to are included on a boat policy, but at a low amount.  Increases and upgrades to these items could leave you with a coverage gap.  If you use the boat for fishing, fishing equipment you keep on the boat could be listed as well.  Many companies now write boat insurance similar to car insurance with coverage for uninsured boaters, towing, and emergency services.  Boat insurance can be what you want out of it.

 

Have a boat or know someone who does?  We would be happy to help with a boat insurance quote and/or asses boat insurance needs.  We encourage you to come to the Pittsburgh Boat Show and discuss your boat or any other insurance concerns you have.    

Welcome to 2018!

It is a brand new year.  A new year brings excitement and reflection.  Many people make New Year's Resolutions and set goals of things they want to accomplish throughout the year.  The New Year can be a good time of year to self audit yourself and your household.  This can apply to your insurance.  You could start with the biggest aspect of your insurance and evaluate your coverage.  Did anything change in the past year that would make you have an increased need for insurance?  Did you have a child, move into a new house, get engaged or buy a new car?  These life changes along with many others can change your insurance needs.  Another helpful thing you can do for the New Year is to complete an inventory of your personal property.  If you were to have a catastrophic loss would you know all of the things you lost?  Doing an inventory is a great way to remember what you have, just remember to store the list in a fire proof container or store it off the premise.  Taking precautions to avoid a catastrophic accident is something you can look at in the New Year.  Is your smoke detector working properly?  Are all of your electrical and plumbing fixtures working properly or are they in need of repair?  How is your roof holding up in the snow and cold?  All of these checks can help you possibly avoid a catastrophic accident.   

You can also look at your auto in the New Year as well.  Again one thing you can do is evaluate your coverage.  While evaluating your coverage, ask yourself is my car old enough that it is no longer worth keeping comprehensive and collision coverage on it?  Is full tort or limited tort right for me?  Do I need to call my agent for an explanation of coverage?  A second car related thing you can look at is whether you car battery is in good working order.  Colder temperatures can kill older batteries.  Checking the tread life of your tires can help you avoid an accident.  

These are a few tips to help 2018 be a safe year for you.  Follow us on Google+, Facebook, Twitter, and Instagram as well for more tips on insurance and safety as well as updates on the agency and staff.  You can click on the icons on the top right hand side of the page to go to each social media site.

Happy New Year

We hope that everyone has a safe and happy New Years.  In 2018 we will continue to be here for you in an increased capacity.  Emails from the agency, renewal review calls, and postings on our social media sites will help keep you informed and up to date on your insurance policies, the on goings of the agency and insurance related topics.  If you are not on our current email list feel free to send us a message and get added to our list.  2018 will also see the continuation of our referral program where we give a gift card every quarter to a winner drawn from our referral pool.  Our goal for 2018 is for more interaction with our clients, feel free to review us or leave us a message on one of our social media sites.  The links to those sites are at the top right hand side of the screen.  We would again like to thank all of you for a great 2017 and look forward to an even better 2018.

Happy Holidays

Insurance Consultants of Pittsburgh would like to wish You and Your Family a Happy Holidays.  We would like to thank everyone for a great year in 2017, and we are excited to be here for you as your agent in 2018.  As a reminder we will be closed on December 25th so that our employees can spend time with their families.