Personal Lines

 

Home

 

A home is often the largest investment a family makes; and is therefore a family's most valuable asset. Proper homeowner insurance coverage will adequately address the dwelling, others structures, personal property, and loss of use expenses incurred by a policyholder at the time of loss.

 

In addition to property coverages, homeowners policies often include liability and medical payments limits for bodily injury and property damages which are incurred by the insured.

 

Many times, a homeowners policy can be endorsed to include key supplemental coverages such as spoilage, equipment breakdown, tree/ debris removal, sewer sump backup, and identity fraud; among others.

 

Specific variations of homeowner coverage exist for Condominium Unit Owners as well as Renters; each curtailed to the needs of the client. Condominium owners have a slightly altered exposure such as a limitation on additions and alterations pursuant to the condominium documents published by the association. Also, loss assessments for association losses can too be covered by an insurance policy. Meanwhile, renters require a specific policy to cover owned contents as well as liability which can arise from damage caused to surrounding units due to nothing more than a sink overflow for example.

 

 

Automobile

 

The liability coverage of the personal auto policy provides protection against legal liability arising out of the ownership or operation of an automobile.  The insuring agreement agrees to pay damages for bodily injury or property damage for which the insured is legally responsible because of an automobile accident.

 

Uninsured & Underinsured Motorist Bodily Injury coverages protect the policyholder and passengers should a negligent third party not have insurance or not carry enough insurance to pay for those expenses which you are legally entitled to recover.

 

Physical damage coverages such as collision and comprehensive provide for the repair/ replacement of your insured vehicles regardless of negligence. Whether the vehicle is damaged in an accident or stolen by a thief, policyholders are entitled to loss settlement less applicable deductibles.

 

 

Valuable Items

 

 

The most sentimental and sometimes valuable items in our life are too special to be included under the basic personal property coverage afforded in a homeowner policy. For specific classes of property (jewelry, fine arts, silverware, musical instruments, stamps, coins, etc) inland marine coverage provides true replacement cost against broadened perils including theft and mysterious disappearance. Coverage may be purchased on a scheduled or blanket basis.

 

 

Watercraft

 

 

The liability coverage of the watercraft policy provides protection against legal liability arising out of the ownership or operation of an watercraft.  The insuring agreement agrees to pay damages for bodily injury or property damage for which the insured is legally responsible because of an watercraft accident.

 

Uninsured & Underinsured Boater Bodily Injury coverages protect the policyholder and passengers should a negligent third party not have insurance or not carry enough insurance to pay for those expenses which you are legally entitled to recover.

 

Physical damage coverages such as collision and comprehensive provide for the repair/ replacement of your insured watercraft regardless of negligence. Whether the craft is damaged in an accident or stolen by a thief, policyholders are entitled to loss settlement less applicable deductibles.

 

 

Rental

 

All parties involved with rental properties require specific coverages in order to mitigate exposures.

 

Property Owners-

 

Individuals owning rental or income properties should purchase dwelling fire or equivalent coverage. The dwelling fire policy is a modified version on the homeowner policy. The dwelling fire policy can be endorsed to include coverage for the building, other structures, personal property, liability, and medical payments.

 

Renters-

 

Individuals and families renting or leasing property must too carry coverage. Renter's insurance coverage provides similar coverages to the homeowner policy, excluding coverage for the building itself. Policyholders can purchase coverage for their personal property as well as liability for bodily injury and property damage.

 

 

Umbrella

 

As the world becomes more litigious, the limits of liability contained in your primary policies may not be enough to adequately cover your assets. Personal umbrella policies provide additional layers of liability to your personal insurance program. Umbrella policies can be extended over homeowner, condo unit owner, renters, rental, automobile, and watercraft polices. Many times, consulting with a trusted financial advisor and/or accountant will aid clients identifying an appropriate coverage limit.

 

 

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100 Westminster Street

17th Floor

Providence, Rhode Island

02903

 

 

Phone: 401-421-2588

 

Fax: 401-421-5942