Flood Insurance

No one considers that their home will be a part of the devastating scenes shown on the local news stations, especially those in the Delaware Valley, Pennsylvania area. While watching people being rescued by boats and sometimes helicopters you may think “It’s a good thing for insurance.” So what’s the problem? Home owners insurance does NOT cover flooding. People are starting over with nothing because they didn’t know that you have to have specific flood insurance in order to properly cover your home. 

The definition of a flood is water that covers an entire acre or more than one property due to an overflow of surface water, tidal wave, or overflow of streams. Existing lakes and rivers are not considered flooding.

Home Buyers Beware: Flood Insurance Required

Did you know that mortgage companies can demand that you foot the bill for flood insurance? If a portion of your property, not dwelling, is listed as a flood hazard area then you will either have to purchase flood insurance or pay to have a land surveyor document that the home itself is not located in the hazardous flood zone. Either way, this additional cost comes from your pocket and can be a complete surprise that is thrown at you during any part of the purchasing process. No one wants to be within days of their closing date and be told, “By the way, you’re going to need X amount of dollars more for flood insurance.”

Homeowners Insurance

Once you have purchased a home in the Delaware Valley, you will need to think about the weather and other risks you face living in this area. You need to make sure you are protected in the event of a tornado or flood or other hazards that can disrupt life. Depending on the type of house you own, you may also need umbrella insurance. If you are living in one of the historic neighborhoods your home may have special requirements. Do yourself a favor and contact Premier Group for your homeowners insurance. Delaware Valley is beautiful location and many families choose to hold a family wedding right in their own house. This is a wonderful choice and will provide beautiful memories for years to come. You also need consider the need for special event insurance to make sure you have enough coverage in the event an accident occurs during the celebration. If you have a swimming pool or live close to other hazards, this type of insurance will be even more important.

Umbrella Insurance Policies:

Your family may measure your worth as a person; however the world will measure you according to your monetary assets. Society will hold you accountable for any property damage and bodily injury you happen to cause at any location in the world. Without the proper insurance coverage you are leaving yourself exposed to personal liability lawsuits. The good news is that your homeowner’s insurance includes “personal liability coverage” which helps pay for these types of lawsuits. Keep in mind that this coverage does not include business or automobile liability and is limited to the amount of money that is offered. 

Adding umbrella insurance is a great way to cover your assets over and above the minimum that a homeowner’s policy offers. The amount of insurance coverage varies according to the plan chosen. What’s your magic number That all comes back to how much you’re worth; or rather, how much your assets are worth. A Personal Umbrella Insurance policy can add a minimum of $1,000,000 to your existing homeowner’s and automobile insurance. Don’t risk losing your home or retirement money because your vacation to Hawaii took a wrong turn at the driving range when your ball smashing the window of a car in the parking lot.

Aircraft Insurance

Do you own an airplane? Maybe you are just learning to fly. Did you check the flight school paperwork to see if their insurance covers you in case of accidental damage to the equipment or person’s involved. If you are taking flying lessons then we offer Non Owned aircraft insurance for personal liability in regards to the rental plane that you have to use for lessons. 

If you already sport a pilot’s license and own an older airplane like Tri Pacers. While you may choose to only insure the Hull and not pay for liability insurance to keep down initial costs, you may want to reconsider. If you were to make an emergency landing on someone’s farm it would cost them a minimum of $350,000 to have it removed. Do you want that money coming out of your pocket.

Motorcycle Insurance Policy

How many bikers do you know that ride in snow and sleet as well as the gorgeous summer days? Odds are that when winter comes they, as well as you; park that sleek machine inside the garage until the first sign of spring. So why insure your bike for an entire year when you aren’t riding but 6-9 months at a time? You don’t need to; we offer you a variety of options to save you money

Auto Insurance

Taking care of you, and your family, in the event of an auto accident in Delaware Valley should be a number one priority. If you commute to the city, there are more opportunities for accidents and even weather related claims. Bundling your coverage needs with Premier Group Insurance could save you a ton of money. Whether you drive a small gas efficient vehicle or a roomy SUV, you will feel great knowing, in the event of an accident, the repairs can be made quickly and easily. Whether you need liability or full coverage, Premier Group can provide you with an affordable option that will protect the vehicle, passengers and even provide a rental car if you need to get back and forth to school or work. Knowing you have insurance with a reputable company can help you feel secure every time you are out on the road.

Renters Insurance

Families choose to rent in the Delaware Valley to take advantage of prime locations without making a long term commitment. Although your home is covered by the landlord, the contents are your responsibility. If you love high end electronics and expensive furnishings, you need to make sure you have enough renters insurance to recoup your loses in the event of a fire or weather event. Don’t let an unexpected disaster leave you out in the cold.

To decide how much coverage you need, it is best to create a list of your possessions and the approximate value. Think about all of the items you would need to replace if a fire were to destroy everything you own. If you use your laptop computer for work, include this item in your claims list. You need to make sure you can replace the items and not just receive a depreciated value which may not be enough to buy all of the things you need.

Condo Insurance

Purchasing condo insurance is important if you want to take care of your belongings in the event of a fire, natural disaster or even theft. People never think about what they would do if all of the contents of the condo were destroyed. With a great insurance policy, you will be able to replace your belongings quickly and get life back to normal. Although the building you live in is covered by the condo association, you will be required to cover many of your own expenses if a disaster strikes. If you have upgraded your home and installed granite counter tops or expensive hardwood floors, more than likely these will be your responsibility. Make sure you have adequate coverage to replace all of your losses so you are not disappointed when it comes time to make a claim.

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