Coverage Options for Home Insurance

Are you ready to get a comprehensive and high-quality home insurance policy? Please reach out to Wise Insurance Agency serving Ft. Wayne, IN to learn more about your options and get started on better home protection.

Factors to Consider 

When deciding on the best home insurance policy, you need to consider things like:

  • Your home and yard’s overall size 
  • The crime rate in your area 
  • Natural disasters that may occur 
  • Your intensive credit history 
  • Premium costs you can afford 

Coverage Options to Consider 

Insurance comes in a few different styles, including HO-3 and HO-5. The first type covers particular listed possessions in your home and provides personal liability protection. HO-5 covers all private property except for excluded elements. Talk to your insurance agent about which type works the best for your protection needs and your financial situation as a homeowner. 

Discuss Your Limitations 

Home insurance may not cover clothing, electronics, tools, appliances, and jewelry without special endorsements. These endorsements are also known as riders and help to make your policy more intensive and complete. A high-quality agent can help you better understand these riders and set up your policy in such a way that you can cover every element without concern. 

Know What is Not Covered 

Many home insurance policies do not cover: 

  • Issues and damage caused by loss of power 
  • Normal wear and tear issues with a home 
  • Mold growths not connected to floods 
  • Animal and pest damage 
  • Poor maintenance 
  • Government action, such as eminent domain 
  • Damage caused by war or nuclear disasters 

Get Help Today 

If you’re ready to protect your home and need an insurance policy that makes sense for your needs, reach out to Wise Insurance Agency near Ft. Wayne, IN. Our team will do what it takes to get you covered smoothly and efficiently.

Renters insurance FAQs

Renters insurance is not necessarily something that renters know much about. Only about 41% of renters have renters insurance. More importantly, 59% of renters don’t have insurance and will lose everything they own if their unit suffers catastrophic damage. At Wise Insurance Agency in Ft. Wayne, IN we want to help our customers who are renters to understand the risk they are taking and show them the options they have when choosing renters’ insurance. 

Doesn’t my landlord have insurance?

Yes, undoubtedly they do, but it protects their building, not your possessions. Even the nicest landlord in the world isn’t going to be taking care of the contents of your rental. 

What is the difference between renters insurance and home insurance?

Renters insurance and home insurance are very similar and cover many of the same things. The main difference is that home insurance includes insurance on the structure and renters insurance does not. 

Is renters insurance required?

No, renters insurance is not mandated by the state, but it is not unusual for landlords to require that tenants have renter insurance before they can sign the lease. 

What types of content insurance is available?

Renters insurance offers two types of content coverage. Actual cash value renters insurance will pay you based on the current value of an item. A five-year-old TV is worth much less today than when it was purchased. Replacement cost renters insurance will pay you what it costs to replace the item today. 

What coverage does renters insurance offer?

Renters insurance covers the contents of your rental, provides liability coverage for medical payments and personal liability, and also loss of use coverage if you can’t live in your damaged rental. 

If you are a renter who is ready to think about getting renters insurance, Wise Insurance Agency Ft. in Wayne, IN is here to answer any questions you may have. 

What Does Motorcycle Insurance Cover?

Owning a motorcycle in Ft. Wayne, IN, is not only fun but convenient as well. However, with that excitement, you are also responsible for ensuring you are protected when you hit the roads. If you are unsure which coverage is right for you, Wise Insurance Agency explains some of them and how they protect you.

Bodily Injury Liability

This type of coverage helps cover medical expenses and lost wages resulting from injuries or death of another person when you were at fault. However, note that if you get injured, this coverage will not cover your medical expenses, and you need a separate policy for that.

Property Damage Liability Coverage

If you get into an accident and damage someone else’s property where you are at fault, this type of coverage helps cover the cost of repairing or replacing the damaged items. It can be damage to someone’s car, fence, home, or any other structure.

Medical Payments Coverage

Medical payments coverage helps pay for medical bills like x-rays and ambulance rides arising from injuries to you or your passengers after an accident on your motorcycle. With this coverage, you do not have to go back into your pocket as your insurance company takes care of these expenses.

Collision Coverage

This type of coverage is particularly important when your motorcycle gets damaged in a collision with other objects like a tree, a car, a building, or another bike. Collision coverage will help cover the repair or replacement costs for your motorcycle.

Comprehensive Coverage

Any damage to your vehicle that is not a result of a collision is covered under comprehensive coverage. This includes things like theft, vandalism, wind, and flooding. If your vehicle suffers damage from those risks, this policy helps cover the resulting expenses.

Getting motorcycle insurance is crucial if you want to feel confident on the road. Residents of Ft. Wayne, IN, who are looking for coverage that will meet their needs can contact Wise Insurance Agency for assistance on choosing a policy.

Additional Boaters Insurance Coverage Features

As a boat owner, you want to spend as much time on the water and as little time worrying about your boaters insurance coverage. To help ease your worry, before going out on the water in Ft. Wayne, IN, check your insurance policy to ensure you are fully protected. You have several options available to you when purchasing your boaters insurance policy. For additional information about these options, call the agents at Wise Insurance Agency. 

Covered Value

There are two options available when determining the covered value of your vessel. The agreed value is the amount of money you and your insurance company agree is the value of your boat. Actual cash value is how much the boat is worth at the time of the loss, which factors in the vessel’s condition, depreciation, and age. 

Collision Damage

Should your watercraft be in an accident, collision damage covers the cost of replacing or repairing it – minus the deductible. 

Hull Coverage

Should the boat’s hull be damaged by covered perils, hull coverage will pay to repair it. 

Property Damage Liability

If you accidentally damage someone else’s property while in the boat, property damage covers the costs associated with the accident. 

Bodily Injury Liability

If there is a boating accident, and you are found legally responsible for it, bodily injury liability covers the costs associated with the injuries of others involved in the accident. 

Newly Acquired Watercraft

This feature provides temporary coverage for the boat, motor, and trailer that replaces your damaged boat, motor, or trailer. 

Emergency Service 

Should your boat become disabled, this provides you coverage to cover expenses such as towing the watercraft, delivery of fuel, and mechanical labor. 

These are just some additional boaters insurance features available to boat owners in Ft. Wayne, IN. To learn more about all the different features and to purchase a boaters insurance policy, give our agents at Wise Insurance Agency a call today. 

How Does Umbrella Insurance Protect Someone?

Have you ever heard of umbrella insurance? Have you ever thought about what it covers? Well, umbrella insurance is the extra liability protection that comes to your rescue when your typical coverages are exhausted. Think of umbrella insurance as a safety net that picks over from where your boat, home, or auto insurance leaves off. 

Need to learn more about how umbrella insurance protects you? Hang on as Wise Insurance Agency of Ft. Wayne, IN, helps you understand more about this insurance coverage. 

What does umbrella insurance cover?

Perhaps, because of its name, “umbrella,” many people think that umbrella insurance covers you against all perils. While umbrella insurance can save you on a rainy day, it’s liability coverage that protects you from liability claims made against you by other people. 

Here are the typical areas covered by umbrella insurance:

  • Property damage: Assume that you are involved in a severe auto accident. While your auto insurance may help cover damages caused to the other motorist’s vehicle, it can only do so much if the accident was severe involving an expensive car. Thankfully, umbrella insurance kicks in when the coverage limits of your current coverages run out.
  • Bodily injury: While home insurance may cover minor injuries to your guests, things can get thick when third parties sustain severe injuries while within your premises. For instance, if a guest falls off your balcony, medical expenses can be extensive. And since your home insurance can’t cover the entire medical costs, umbrella insurance can bail you out.
  • Personal liabilities: The beauty of umbrella insurance is that it protects you against personal liabilities like false arrest, libel, and slander that you won’t get coverage from other liability coverages.

Would you like to obtain an extra layer of liability protection in Ft. Wayne, IN and its environs? Please contact Wise Insurance Agency for a competitive umbrella insurance quote.

How Auto Insurance Covers Custom Vehicles

For over 20 years, Wise Insurance Agency has served the Ft. Wayne, IN community. We offer our clients flexible policies designed to meet their needs at all times. We work closely with several carriers to help our clients find unique coverage. We proudly serve the Midwest as an independent insurance agency.

How Auto Insurance Covers Custom Vehicles

As you travel around Ft. Wayne, IN, auto insurance helps you stay protected. There are multiple risks that you face on the road, including the actions of different drivers and the unique road conditions. Auto insurance covers your vehicle if you are involved in a collision with another vehicle or an object. You can add comprehensive coverage to protect you if your vehicle is stolen, vandalized, and damaged due to a fire or inclement weather. If you have a custom vehicle, you should look into a more comprehensive policy.

Adding custom parts and equipment coverage to your auto insurance policy covers any damage to the custom parts, equipment, and other changes to your vehicle. Common examples include wheels, tires, electronics, chrome, and security systems. Having this layer of coverage can give you peace of mind if something happens to your vehicle. Before adding custom coverage, talk to your insurer. Read over the terms of your original policy carefully. Take inventory of every custom item that you have installed on your vehicle. Remember that any damage to unique seats, trailers, fog lights, custom roofs, and mechanical features such as suspensions are covered under the custom coverage. 

Wise Insurance Agency Will Help You Protect Your Assets

Visit our website to learn more information about auto insurance.

An Overview of Home Insurance In Indiana

From Fort Wayne to the Ohio River, Indiana is a fantastic state to call home. However, if you own a home in Indiana, you need home insurance from Wise Insurance Agency in Ft. Wayne, IN. But before going far, let’s explore the ins and outs of home insurance to help you make your decision easy when shopping for one.

Is home insurance mandatory in Indiana?

Home insurance isn’t mandatory in Indiana, but many home lenders put it as a requirement as long as the loan facility is outstanding. Since most homeowners don’t have the cash to compensate lenders when the home (acting as security) is damaged, home insurance becomes the surest bet to protect lenders.

Home insurance coverage options in Indiana

The best part of home insurance is that it comes with various options. This flexibility makes it affordable, convenient, and customizable to fit multiple needs. Below are some home insurance coverages to consider.

  • Dwelling coverage: Covers your home and the attached structures from damage against theft, vandalism, lightning, storms, fire, and many other calamities.
  • Contents coverage: Pays for replacement of your assets in case of damage or loss. 
  • Liability coverage: Protects you from property damage and bodily injury caused to third parties.
  • Additional living expenses coverage: Covers additional living expenses (like hotel meals and accommodation) whenever your home becomes unlivable for one reason or another.

Home insurance exclusions

While home insurance covers most perils, it won’t protect you against floods and earthquakes. As such, if your home is located in floods and earthquakes prone areas, talk to your agent for separate coverage. 

Besides, home insurance won’t cover damages emanating from neglect, normal wear and tear, and damage by pests and molds.

Home insurance in Indiana

Would you like to protect your home with home insurance? Don’t look beyond Wise Insurance Agency. Contact us today, and our team will help protect you and your home.

Do I need Condo Insurance In Indiana?

Living in a condo in Indiana has its advantages – talk of hassle-free parking, cooperative living, common areas’ maintenance, and so forth. But with all the goodies that come with condos, owners have to contend with condo insurance. At Wise Insurance Agency, situated in Ft. Wayne, IN, we always get these condo owners’ questions: do I need condo insurance? Isn’t my condo already insured with the condo association insurance?

Are you curious to find out? Please hang on.

Why you need condo insurance

While your condo is covered with the condo association insurance, you still need to purchase a condo owner’s policy. Condo association’s master policy covers your premises’ physical structure and common areas, but not the contents in your condo. As such, you need to obtain condo insurance (HO-6) because of your unique needs.

What does condo insurance cover?

When you purchase condominium insurance from us, it will cover you in the following areas:

Personal property protection

Because condos are close to each other, there is always the risk of fire that can damage your personal stuff. Additionally, theft and vandalism risks are never far from us. While you may devise security measures to thwart intruders, you may not keep them away entirely. 

Fortunately, when your personal belongings are damaged or stolen, your condo insurance can save the day by compensating for the loss. And even when damage is from other risks like water seepage, hails, lightning, and so forth, your HO-6 should bail you out.

Protection from liability claims

Since accidents happen, someone might get injured in the common areas. Here, the condo’s master policy should pay for the liability claims. However, if a guest slips or falls on your premises, your condo insurance covers the guest’s medical costs. And if they go ahead and sue you for negligence, your condo insurance pays for the legal expenses.

Need condo insurance? At Wise Insurance Agency, located in Ft. Wayne, IN, we have the experience and expertise to find the right condo insurance appropriate for you. Contact us today for all your condo insurance solutions.

Types of renters insurance

Though no state advocates for renters insurance as a mandatory requirement, it’s a prudent idea to purchase renters insurance to protect your possession against certain damages and theft. In some instances, landlords in Ft. Wayne, IN may require tenants to show proof of renters insurance as part of the legal agreement between the landlord and the tenant.

No matter what type of place you rent in Indiana, whether it’s a duplex or a high rise, your renter’s insurance policy can offer protection to your finances if the unexpected happens. Connect with us at Wise Insurance Agency in Ft. Wayne, IN today to get a fast custom quote and learn more about choosing the right renter’s insurance policy that fits your needs and budget.

One of Ft. Wayne, IN tenants’ top priorities is protecting their space and personal possession from the unexpected. Your landlord’s renters policy does not cover everything leaving you with no other option but to buy renters insurance to guarantee protection against events like water backup damage, fire, vandalism, and other prevailing perils.

With a Wise Insurance Agency renters insurance policy, you enjoy inner peace of mind by knowing that your belongings are covered if they are stolen or destroyed by covered perils. Visit us at our Wise Insurance Agency offices and speak to our agents about obtaining a renters insurance quote.

Types of renters insurance at Wise Insurance Agency.

  • Content coverage: This policy protects your clothing, furniture, and other items from covered losses.
  • Loss of use coverage: This offers reimbursement for additional living expenses when your house is uninhabitable after a covered loss strikes.
  • Personal liability policy: It caters to property damage or bodily injury resulting from an accident at your residence.
  • Medical payments coverage: This helps to cater to medical or funeral expenses for anyone injured while on your property.
  • Building additions and alterations: This policy pays for covered damages to betterments, alterations, fixtures, or installations that you make in your house.
  • Valuables plus coverage: This form of the policy provides additional protection for high-value items such as jewelry, antiques, and fine arts.

Looking for the best renters insurance in Ft. Wayne, IN? Call or visit our Wise Insurance Agency offices and get comprehensive information about renters insurance.

How Does Motorcycle Insurance Work?

Here at the Wise Insurance Agency serving the Ft. Wayne, IN area, we’ve seen time and time again just how important motorcycle insurance can be. Please keep reading to learn more about motorcycle insurance, including what it is, who needs it, and where to find the best policy. 

What Is Motorcycle Insurance?

Motorcycle insurance provides coverage in much the same way as regular auto insurance. If you own a motorcycle and are involved in an accident, your motorcycle insurance policy would kick in and help pay for damages and medical expenses. Some motorcycle insurance policies also provide coverage for damages such as those endured from theft. 

Who Needs Motorcycle Insurance?

Anyone who owns a motorcycle will greatly benefit from having motorcycle insurance coverage. If the motorcycle is involved in an accident or stolen, then an insurance policy may be able to compensate for some or all of the loss.

Is It Required by Law to Have Motorcycle Insurance?

It may or may not be required by law for you to have insurance on your motorcycle. The exact laws that apply to you and your situation depend on where the motorcycle is registered with the DMV. It also matters where you will ride the motorcycle. Different states have different laws, so it’s generally best to speak with an insurance agent to identify your exact needs for motorcycle insurance. 

Where Is the Best Place to Find Insurance for a Motorcycle?

If you would like to learn more about motorcycle insurance, please contact the Wise Insurance Agency serving the Ft. Wayne, IN area today. One of our agents can help you customize a policy that meets your exact needs.