Loss Of Use – Coverage Benefits for Condo Owners

Posted on by admin

What would you do if your condo became uninhabitable? Would you have enough funding to handle expenses if you were temporarily unable to occupy your home? If not, you may want to learn about loss of use coverage and how it can benefit you.

Loss Of Use Coverage

Loss of use coverage can protect a condo owner from life’s uncertainties. When faced with the prospect of being unable to remain in the home, the coverage will offer a way to handle the expenses that an insured individual faces.

Alternate Housing

Loss of use coverage may cover the cost of securing alternate housing, a hotel stay, or a rental. This would allow you to remain stable while your condo is being repaired.

Once you have a secure place to temporarily serve as your home, you will not need to worry about disruptions to your normal schedule.

Dining and Beverage Expenses

Loss of use coverage may reimburse you for out-of-pocket dining costs while you are unable to stay in your condo. If your condo becomes flooded, for instance, you may need to leave immediately.

You may not be able to salvage food staples. Loss of use coverage would allow you to replenish your supplies without being solely responsible for the cost of replacement food and beverage items that you need to purchase.

Contact An Insurance Agent in Willoughby, OH

If you would like to learn more about loss of use coverage and how it can protect you as a condo owner, contact one of our agents at The Merhar Agency LLC.

A Guide to Life Insurance Options for Protecting Your Family’s Future in Willoughby, OH

Posted on by admin

Did you know that you could use life insurance as a financial tool to help protect your family’s future? Proactive Ohio residents are opting to invest in term or whole life insurance policies that can offset costs arising from their death.

Get tips on securing your family’s future from The Merhar Agency LLC experts in Willoughby, OH.

Term Life Insurance

If you’re looking for an affordable and renewable life insurance policy that gives you control over how long you hold your policy, term life insurance could be right for you. Term life insurance policies provide coverage for designated periods and give policyholders and their families the option to renew at the end of the period in which no claims have been filed.

People who are new to the world of insurance typically opt for term insurance, as it is usually more affordable than longer-term whole life insurance policies. The best way to learn which policy options are a good fit for you and your loved ones is to sit down with a trusted local insurance agent and review your individual coverage options.

Whole Life Insurance

Whole life policies last for the entire lifetime of the policyholders. These policies can be more expensive to start with as they come with additional features, including lifetime coverage and cash value options that policyholders can borrow from in cases of emergencies and crucial life events.

Both term and whole life insurance policies have features that protect their families from funeral and burial costs, outstanding debts, and everyday living expenses.

Contact The Merhar Agency LLC to get a term or whole life insurance quote to protect your family’s interests today!

Downsizing and What You Need to Know About Renters Insurance

Posted on by admin

Considering Renters Insurance in Willoughby, OH: Things You Should Know

An increasing number of people in Willoughby, OH, and Northeast Ohio are choosing to downsize, influenced by financial situations, lifestyle changes, or impending retirement.

Downsizing offers many benefits, such as reducing clutter, simplifying life, minimizing stress, and potentially saving money. For instance, renters insurance is generally more affordable than homeowners insurance. Given this, the team at The Merhar Agency LLC would like to inform you about some crucial factors concerning renters insurance.

First, renters insurance guards your personal belongings. Renters insurance covers the expense of personal items lost due to unexpected events like fires, theft, or vandalism. Personal belongings include items like furniture, kitchenware, collectibles, clothes, and bedding. However, the insurance does not extend to the property’s structure or any permanent fixtures attached to it.

Renters insurance even covers your personal belongings when you travel. It can cover your clothing and personal items while traveling, which can serve as invaluable protection.

Furthermore, renters insurance provides liability coverage. In addition to securing your personal belongings, renters insurance offers liability coverage. This protects you financially if someone gets injured while visiting your rental or during delivery.

Considering renters insurance? Get a quote today.

Renters insurance could be more affordable than you imagine, and getting a quote is simple. If you are planning to downsize and reside in the Willoughby, OH, area, contact us at The Merhar Agency LLC.

Experience how downsizing can lead to substantial insurance savings with The Merhar Agency LLC of Willoughby, OH.

Are My Pets Covered By My RV Insurance?

Posted on by admin

RVs allow us to travel with our family members, including our pets, but they can also put our furry friends at risk when driving or parked. So, pet and RV owners need to understand whether and how their RV insurance policy covers their pets. The Merhar Agency LLC team, serving the Willoughby, OH area, wants to help you find the RV and other insurance coverage that suits your needs.

Pet Coverage Varies Across RV Insurance Policies

RV owners have a lot to consider when choosing their RV insurance coverage. Your options depend on your RV type, the time you spend in it, where you go, and where you park it. The good news for pet owners is that RV insurance policies often cover injuries to pets during covered events, whether when driving or parked. Policies sometimes cover cats and dogs only, and every policy limits the total value of the claim, with a $1,000 limit being typical. Of course, you can boost your pet coverage or add a pet coverage rider to obtain the insurance package you need.

RV owners who travel with their pets should discuss their policy’s pet coverage with their agent to ensure it meets their needs. If your base coverage does not meet your needs, consider increasing the coverage amount by adding a rider within the RV policy. You also have the option to acquire a separate pet insurance policy outside your RV insurance.

The Merhar Agency LLC Difference

RV owners have many insurance choices, so working with an agent you trust is important. The Merhar Agency LLC team, serving Willoughby, OH, will help ensure you obtain the correct coverage for all your insurance needs. Please stop by or call us today at 440-946-2040 to schedule an appointment.

Customizing Watercraft Insurance Policies in Willoughby, Ohio

Posted on by admin

Investing in watercraft or boating insurance policies in Willoughby, OH, is a strategic way to maintain peace of mind as the owner of any type of boat or water vehicle. Whether you enjoy boating recreationally, seasonally, or competitively, tailoring your insurance policy is a surefire way to ensure comprehensive, year-round protection.

Assessing Your Coverage Needs

When customizing watercraft insurance, the type of vessel is an essential factor to consider. Coverage will differ for jet skis, sailboards, speedboats, and yachts. The more detailed you are about your specific needs and uses, the more straightforward it will be to secure a suitable insurance policy. As you analyze your coverage needs, please take into account the frequency of boat usage, its storage location, and your transportation methods.

Coverage Limits

Cooperate with a specialized insurance agent from The Merhar Agency LLC to define acceptable liability coverage limits to safeguard your investments and assets in any situation. Reviewing the worth of any watercraft you’re insuring is paramount to guard against potential personal injuries and physical damages resulting from accidents or other incidents while on the water.

Risks

Consider the potential risks of using your boat or watercraft in Willoughby, OH, or surrounding areas. Factors such as climate, potential for natural disasters, local regulations, and accident history should all be taken into account when tailoring your watercraft insurance policy.

If you’re shopping for watercraft or boating insurance in the Willoughby, OH area and desire a completely custom policy, The Merhar Agency LLC is your go-to resource. To learn how to customize your watercraft insurance policies further, contact The Merhar Agency LLC to speak directly with one of our insurance agents today.

Do I Need Umbrella Insurance?

Posted on by admin

You’ve probably heard of umbrella insurance, but you may be questioning its necessity in your life. Umbrella insurance offers additional protection for you and your family in today’s litigious society. The Merhar Agency LLC, located in Willoughby, OH, offers umbrella insurance policies to meet your specific needs.

What are Your Assets?

If you have $1 million or more in assets, it’s recommended to have an umbrella policy. Standard coverage limits on your home and auto policy may not be sufficient to cover a catastrophic liability claim. If a judgment is made against you, you risk losing the assets which you have worked tirelessly to acquire.

An umbrella policy provides protection for your assets and safeguards your financial stability.

Do You Have Dependents?

An umbrella policy becomes even more critical if you have dependents. It’s important to ensure the financial security of your loved ones should anything happen to you. By making this decision, you can leave your children and dependents in a stable financial position, but remember, your decisions affect your entire family, so choose wisely.

Do You Have Excess Risk?

Accidents that lead to major liability claims can happen to anyone. However, certain circumstances make you more susceptible.

Items on your property, such as a swimming pool or a trampoline, can increase your risk. Owning dogs, particularly large breeds, can pose a higher liability risk. Enjoying entertaining and inviting guests into your home can also result in potential liability claims.

Do You Want to Protect Your Financial Future?

Lastly, it would be best if you considered your financial future. A judgment against you can affect your future earnings and assets. In some cases, your future earnings could be garnished until the claim is paid in full. An umbrella policy provides additional protection, securing your and your family’s financial future.

Umbrella Insurance at The Merhar Agency LLC

If you’re considering umbrella insurance in Willoughby, OH, don’t hesitate to contact The Merhar Agency LLC. Our experts are ready and happy to help you select the best policy for your unique requirements and situation.

What to Look for in an Ohio Homeowner’s Flood Insurance Policy

Posted on by admin

Home insurance is a top priority for homeowners in Willoughby, OH. When looking into home insurance, keep in mind you will need a separate policy to cover flood hazards. The Merhar Agency LLC can assist in exploring insurance options to protect your assets from flood damage. Here are some key considerations to help you while researching flood insurance.

Policy Requirements

When selecting homeowner’s flood insurance, one of the specific areas to look into is the policy requirements. If you’re like most homeowners and have a mortgage, then you may actually be required to obtain flood insurance before getting a home loan. The requirements can also vary depending on where you live and the risk of flooding in your area. For example, river waterfront homes carry a higher risk of flooding than homes in hilly regions, so the flood insurance requirements may vary.

Covered Assets

Covered assets are another important consideration when looking into Ohio flood insurance for homeowners. Standard flood insurance policies cover direct physical damage to the property up to a certain value. Contents coverage is separate from the standard flood policy, so it’s good to check with a local insurance agency to ensure comprehensive flood protection.

Policy Limitations

The limitations listed in the policy are something else to research before purchasing a policy. This may pertain to the maximum amount of damages covered and any exclusions you should know about. It’s also important to consider whether a certain policy will cover you for one flood or multiple flood events.

Explore Your Flood Insurance Options

If you’re in the Willoughby, OH, area and want peace of mind regarding proper flood insurance protection, The Merhar Agency LLC can help. Contact our office to discuss flood coverage tailored to your needs.

Do you Need Commercial Motorcycle Insurance?

Posted on by admin

Commercial Motorcycle Insurance – Necessity or Choice?

Are you a motorcycle owner using your vehicle for business in Willoughby, OH? If yes, obtaining a commercial motorcycle insurance policy isn’t just lawfully mandated but also pledges reimbursement if an untoward incident occurs during work usage.

Let’s discuss when one would need commercial motorcycle insurance and the coverage it offers:

When is Commercial Motorcycle Insurance Required?

Commute for work to and fro does not require commercial coverage. However, if the motorcycle is used for commercial activities, you’ll need it. Such activities may include making deliveries, traveling for business meetings, operating a motorcycle rental business, or even allowing an employee to use your motorcycle. It’s always illegal for an employee to use your motorcycle without commercial insurance— even if they are family.

What Does Commercial Motorcycle Insurance Cover?

Coverage depends on the policy type chosen. Basic policies often include bodily injury liability, general liability, and property damage liability coverage. If delays could impact your work, including towing assistance would be beneficial. Consider excess liability coverage or umbrella coverage if you operate in an industry prone to civil litigation.

Get Commercial Motorcycle Insurance From The Merhar Agency LLC

At The Merhar Agency LLC, a family-owned firm catering to Willoughby, OH residents since the 1950s, we pride ourselves in understanding commercial motorcycle insurance under various circumstances. Our personalized guidance can help you select the most suitable policy for your business. Feel free to contact us to learn more or request a quote.

Please let me know when you’re ready for the following revised blog.

Condo Insurance Riders: What Are They and Do You Need Them

Posted on by admin

Willoughby, OH residents, are you aware of the nuances of condo insurance and the additional protections available through insurance riders? At The Merhar Agency LLC, we’re committed to helping condo owners fully understand their insurance options. While standard condo insurance policies provide essential coverage, riders offer additional layers of protection tailored to your specific needs.

  1. Water Backup Coverage: Condo insurance typically covers water damage from burst pipes or plumbing issues within your unit. However, water backup coverage extends this protection to include damage caused by sewer or drain backups. With heavy rainfall and seasonal changes in Willoughby, OH, water backup coverage can be a valuable safeguard against unexpected flooding and water damage.

  2. Scheduled Personal Property Coverage: While standard condo insurance policies cover personal belongings, they often limit high-value items such as jewelry, artwork, and electronics. Scheduled personal property coverage allows you to specifically list and insure these valuable possessions for their full appraised value, ensuring that you’re adequately protected in the event of loss or damage.

  3. Loss Assessment Coverage: Unit owners may be responsible for shared expenses associated with property damage or liability claims against the condo association in condominium communities. Loss assessment coverage helps protect you from unexpected financial burdens by covering your share of special assessments levied by the association due to covered perils.

At The Merhar Agency LLC, we understand the unique insurance needs of condo owners in Willoughby, OH, and beyond. Ready to explore your condo insurance options and discover the benefits of insurance riders? Contact us today for personalized guidance and a comprehensive insurance solution designed to safeguard your condo and belongings. Protect your investment and enjoy greater peace of mind with reliable coverage you can trust.

Do You Need Life Insurance at Every Age?

Posted on by admin

For younger individuals, life insurance often doesn’t rank high on their list of concerns. They may believe that they don’t necessarily need it. However, it can hold significant importance at any age as it assists in protecting the loved ones you leave behind. If you reside in the Willoughby, OH area and seek information on the value of a life policy, The Merhar Agency LLC can provide you with the required knowledge and support. Consequently, you can choose the most suitable policy for your needs and attain considerable peace of mind.

Selecting a life insurance policy might seem daunting if you don’t have proper guidance. This is where our dedicated agents play a vital role. They will provide you with all the necessary details to fully understand your options. Consequently, you can focus on spending quality time with your loved ones, knowing they will be financially secure for the future in the event of your demise.

Whether you prefer a whole life or term life policy, choices must be made. Further, it would be best if you also considered the overall value of the policy you choose. This is typically dependent on your family’s current lifestyle to ensure that they can maintain it even if you are no longer there. Of course, significant changes in your family life, such as marriage, divorce, or the birth of a child, may necessitate adjustments to your policy.

Contact us at The Merhar Agency LLC today if you are in the Willoughby, OH area and seeking a life insurance policy. We will help you understand all the necessary details so that you can select an excellent policy that meets your coverage needs. Ensuring the protection of your family is crucial for their security and for your peace of mind.