What Will My Boat Insurance Policy Cover?

Boat insurance protects your investment and keeps you covered in case of an accident or disaster. Most boat insurance policies have an agreed value clause, which means that the company will only pay the current value of the boat if it’s damaged or stolen. Consult with Wise Insurance Agency in Ft. Wayne, IN for expert insurance advice.

Boat Insurance: What You Need To Know

Most boat insurance policies will offer some degree of protection against accidents and negligence, as well as weather conditions that could cause significant damage to your boat. Most policies come with a variety of standard and optional coverage options, so you can choose the levels of risk and coverage that are most appropriate for your situation. 

Boat insurance policies vary, but most will cover things like damage to the boat, medical bills from accidents on the water, and liability if someone is injured either on the boat or by it. Depending on your policy, you may also have coverage for things like ferrying services if your boat breaks down or emergency towing if you’re in a collision or run aground. 

You may also receive coverage for the cost of hiring a contractor if you sink or capsize your boat. Boat insurance policies can also offer protection against certain liabilities, such as passenger injuries. They may cover the cost of towing and storage if your boat becomes disabled due to mechanical issues, or medical bills if someone on board is injured due to negligence on the part of the boat’s captain. 

Give Us A Call

What one provider considers “standard” coverage might be completely unnecessary for your situation. A different provider may consider essential coverage to be completely excessive for your situation. The best way to determine the right boat insurance policy is to shop around and ask questions. Contact us today at Wise Insurance Agency for inquiries in Ft. Wayne, IN.

Why Seniors Might Need Umbrella Insurance

You might benefit from umbrella insurance if you are a senior or retiree in Ft. Wayne, IN. This type of insurance gives you an extra layer of protection on top of what you have. It could be especially useful if you have a business, rent your home as an Airbnb, or even have your grandchildren or neighbor’s kids over a lot. If you have a sizable amount of assets, umbrella insurance can also help protect these assets. Wise Insurance Agency provides this guide in navigating this important coverage.

General Scenarios to Consider

Umbrella insurance typically kicks in after other types of coverage have been used up. For instance, if a car accident exhausts your auto coverage limits, umbrella insurance might cover what is left. General scenarios in which your normal coverage limits could be exceeded include an Airbnb guest falling on your property, your neighbor’s child breaking his leg severely on a play set in your yard, or your business getting sued. Wise Insurance Agency can help you figure out if umbrella insurance could be useful for your situation.

Retirement Income Is Not Always Reliable

Unfortunately, retirement income is not always the most predictable. Some seniors are just one or two crises away from not being able to pay their bills. Umbrella insurance could help if unpredictable expenses occur. Home insurance, car insurance, and other types of insurance are critical, of course, but umbrella policies offer more comprehensive protection for not much more money per month than what consumers already pay.

Give Us A Call

Wise Insurance Agency is here to provide you with expert insurance advice in the greater Ft. Wayne, IN community. Get in touch today for information and details on umbrella insurance.

Do I Need Comprehensive Auto Insurance?

As an Ft. Wayne, IN resident, you may be wondering if you need comprehensive auto insurance. The answer is—maybe. While comprehensive coverage is not required by law in Indiana, it can be beneficial in certain situations. Wise Insurance Agency provides this guide in navigating comprehensive auto insurance and when it’s necessary.

What is Comprehensive Auto Insurance?

Comprehensive auto insurance is a type of coverage that protects you from damage to your vehicle, whether it’s your fault or not. This can include harm from weather, fire, theft, or vandalism. If your car is totaled in an accident, your comprehensive insurance will also payout.

When is Comprehensive Insurance Required?

The state doesn’t require drivers to have comprehensive insurance, but your lender will probably need it if you’re still paying off your car. They want to make sure their investment is protected in case of an accident. A Wise Insurance Agency representative can help you understand your options if you’re still paying off your car.

If you’re not required to have comprehensive insurance and don’t have a loan on your vehicle, you might still want to consider it. That’s because comprehensive coverage can save you a lot of money in the long run if your car is damaged in an accident or stolen.

How Much Does Comprehensive Auto Insurance Cost?

The cost of comprehensive insurance will vary depending on your car, your driving record, and where you live. Your deductible amount also plays a role in how much you pay for coverage.

Your best bet is to speak with a Wise Insurance Agency representative serving the greater Ft. Wayne, IN community about your specific needs. We can help you find the right policy for your vehicle and budget.

Benefits of Home Insurance in Ft. Wayne, IN

Home insurance protects your investment in your home and can help you financially if something goes wrong. If you’re a homeowner in Ft. Wayne, IN, you know that having insurance is essential. But what are some of the specific benefits of homeowner’s insurance in Indiana?

Rebuild After a Disaster

Even if you don’t live in an area that’s prone to natural disasters, it’s still a good idea to have homeowner’s insurance in case something unexpected happens. The most apparent benefit of homeowner’s insurance is that it can help you rebuild your home if a fire or other covered disaster destroys it. Home insurance can also help if severe weather, theft, or vandalism damages your home.

Your Wise Insurance Agency representative can help you choose the proper homeowner’s insurance policy to protect your home and belongings.

Personal Property Coverage

Another essential benefit of homeowner’s insurance is that it can cover the cost of replacing your belongings if they’re damaged or stolen. Most policies have limits on how much they’ll pay for specific items, so it’s important to read your policy carefully and understand what’s covered. You may also want to consider purchasing additional coverage for valuable items such as jewelry, art, or electronics.

Liability Coverage

If someone is injured on your property or you’re sued for damages, liability coverage can help protect you financially. Homeowner’s insurance can help cover the cost of medical bills, legal fees, and property damage. 

Guest Medical Coverage

If a guest is injured at your home, guest medical coverage can help pay for their medical bills. This coverage is usually included in standard homeowner’s insurance policies, but it’s important to make sure.

As you can see, there are many benefits of homeowner’s insurance in Ft. Wayne, IN. Contact Wise Insurance Agency for more information or to get a quote.

Risks To Consider When Obtaining Condo Insurance

Wise Insurance Agency serves the Ft. Wayne, IN community and surrounding areas. For over 20 years, we have assisted our clients by helping them obtain coverage. We work with multiple carriers throughout the Midwest. This allows us to offer flexible policies that adapt to our client’s evolving needs. We’re looking forward to helping you.

Risks To Consider When Obtaining Condo Insurance

The Ft. Wayne, IN community is home to several luxury condos. If you reside in one of these units, insurance adds a layer of protection. Condo insurance helps cover your possessions inside the unit if they are stolen or damaged. Consider taking inventory as soon as you move into the unit. This can help the process run smoothly if any personal items need to be replaced. Condo insurance also covers any interior damage to the unit. You’re protected if an accidental fire starts, and you damage the walls, flooring or carpet. Liability coverage protects you if you accidentally damage your neighbor’s unit. If you plan to throw a party, liability coverage protects you if a guest is injured on your property.

While looking over your policy, you have to consider multiple risks. There’s a chance inclement weather may move through the area and damage your unit. You can add alternative living coverage if this happens. Alternative living coverage protects you if you have to find another place to stay until the unit is repaired. If you have luxury items at your condo, you’ll need to amend your policy in order to cover those items if they are damaged. If the complex has a swimming pool, the owner may obtain coverage. However, it’s recommended that you look over your policy.

Wise Insurance Agency Will Help You Cover Your Assets

Visit our website to learn more information about condo insurance.

Renters Insurance Hidden Facts

Wise Insurance Agency assists the Ft. Wayne, IN community. For over 20 years, we have taken a personalized approach to offer coverage. We recognize that each of our clients has unique needs. We consult with our clients to help them obtain coverage that directly aligns with their situation. We proudly serve the community as an independent agency. We work with multiple carriers throughout the Midwest. This allows us to offer unique coverage options.

Renters Insurance Hidden Facts

The local Ft. Wayne, IN community has several unique rental properties. If you are staying in one of these properties, renters insurance will cover you. The policy covers all of your personal items if they are stolen or vandalized. Every item that you own has value, which is why insurance is important. Liability coverage protects you if you invite a guest over, and they suffer an injury. Perhaps you are throwing a party and one of your friends gets drunk and damages your neighbor’s property. Liability coverage will protect you in that situation. If your rental property suffers extensive damage, you can add temporary housing coverage, which covers you as you seek another place to stay while your rental property is repaired.

Remember that it is your responsibility to cover your personal items. Your landlord only covers the building itself. If you stay in an area prone to flooding, you will need to add extra coverage to protect you if your items are damaged due to flooding. Take inventory of your possessions as soon as you move into the rental property.

Wise Insurance Agency Will Help You Cover Your Assets

Visit our website to learn more information about renters insurance.  

Motorcycle Coverage Options

If you live in the Ft. Wayne Indiana area, you are required to have motorcycle insurance under the state laws of Indiana which applies to any motor vehicle that is driven on public roadways, streets, and highways. The motorcycle insurance agents at the Wise Insurance Agency in  Ft. Wayne, IN are explaining the different options that are available to you when it comes to motorcycle insurance coverage.

Liability Insurance

Liability insurance is the type of policy you must have to legally drive your bike on public highways in Indiana. This type of coverage will assist you in paying the bills for any injuries or property damage you occur in an accident that is your fault.

Underinsured or Uninsured Motorist Coverage

This type of coverage provides protection for you, your bike, in any passengers you have on your bike at the time did it crash occurs with a person who does not have any insurance or does not have enough insurance to cover the damages.

Comprehensive Motorcycle Insurance

This type of motorcycle insurance is a great type of coverage to have since it will help you repair or replace your bike if it is damaged due to a natural disaster, an act of vandalism, or a fire. This type of policy may be required by your lender if you borrowed the money to purchase your motorcycle since it will also replace it if it is stolen and will protect their investment as well as your own.

Collision Motorcycle Insurance

Collision insurance will help pay for repairs to your bike if you collide with another vehicle or an object of some sort.

Get the Coverage You Need

To create a motorcycle insurance policy that works for you and your situation, contact the agents at the Wise Insurance Agency in Ft. Wayne, IN today to get your policy started.

Factors That Affect Your Car Insurance Rate

When buying car insurance, there isn’t one set price for everyone. In fact, depending on many factors, you could pay more or less than someone else. 

Here are some factors that can affect your car insurance rate. 

Where you live. Insurance is more expensive in the city compared to rural areas. Cars are more likely to be broken into and stolen within the city limits. Accidents are also more common due to the traffic. 

Your driving record. Your insurance will go up if you have gotten into any accidents recently. You may also go up if you have gotten a ticket for any reason. 

Your gender. Insurance for males is often more expensive since they are more likely to be involved in car accidents. 

Your age. Certain age groups are also more expensive. Newer drivers should expect to pay more money for their insurance than their parents. 

Your marital status. Car insurance rates are lower for married couples compared to single people. 

Your vehicle. Older vehicles are cheaper than brand-new ones. Also, sports cars and luxury vehicles will cost more, because they are more expensive to replace. 

Use of the vehicle. If you drive a lot of miles, you should expect to pay more than someone who barely uses their car. 

Any prior insurance. You could also pay more if you lost your automobile insurance for some reason or another. If your insurance was canceled because you didn’t pay, you are going to have to pay more money now. 

The best way to make sure that you aren’t paying too much for your car insurance is to talk to a professional. If you are in Ft. Wayne, IN, don’t hesitate to contact us today at Wise Insurance Agency.  

Indiana Condo Insurance: Do You Need Valuable Items Coverage?

The general rule of thumb for this question is, yes, if you have valuable items, you should get valuable items coverage. That is true no matter what the situation is with your home. 

The more complex answer has to do with what coverage you already have with your condo insurance. If you only have liability insurance, then you want to consider getting additional content insurance as well.

At Wise Insurance Agency, we want all Ft. Wayne, IN residents to have the coverage they need for all of the valuables and contents that they own. 

Learn more about valuable articles coverage here.

What Your Condo Insurance Covers

Your existing condo insurance will cover basic liabilities, improvements and betterments to your unit, and some all-risk coverage for the belongings in your unit.  

For the contents and belongings, if something happens like a pipe burst, you will be able to make a claim for your property and cover the cost of the damage.

The liability component of your insurance policy will cover any problems that happen in your unit alone if you are found to be liable. If your dog bites someone or there is an accident for which you are held liable, this coverage will pay for medical costs.

If you have valuable items such as art, jewelry, antiques, collectibles, even an old camera collection, or something like that, you will need additional coverage known as valuable items coverage.

What Valuable Items Coverage Covers

When you have valuable items and want to have them covered, you need to have an itemized list and their value. The best way to do this appropriately for your insurance company is to have the lot or the set of items appraised. 

You may even already have this. Both your premium and your coverage will be based on the value listed in the appraisal. 

Take care of your items, and let your insurance company or broker know how you are doing that. They will want to know how it is being stored, and what you are doing to preserve the value. You can keep something in a safe deposit box at a bank and still have it covered under this policy.

Get a Quote

You won’t know whether or not you need valuable items insurance until you talk to an insurance broker. At Wise Insurance Agency, we can help Ft. Wayne, IN condo owners get the best valuable articles coverage for their Indiana condo insurance. Call us for a quote today.

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.