Five Things Your Agent Knows About Home Insurance That You May Not

Posted on June 1, 2015July 18, 2015 by agentinsure

How well do you know your homeowners insurance? Many people haven’t looked at it in years. Some aren’t even aware of how much they are paying for it. They have it because their mortgage company requires it. If you ever have to file a claim, you will likely become very interested in its coverage. Here are five things your insurance agent knows about home insurance that you may not.

Your best opportunity to save is to compare. Some agents prefer you don’t know this. They know if you compare, they could lose your business. We are independent insurance agents at Oliver Insurance and can help you compare policies to best suite your wallet and lifestyle.
Raising deductibles could save you money. By increasing the deductible on your policy, you could save significantly on your premiums.
Your policy likely doesn’t cover a variety of perils. Unless you have specific coverage, your policy will not cover you in case of flood, earthquakes, or landslides.
You may be paying to insure your land. Without thinking, some people pay to insure the land their home sits on. Odds are, even in a disaster, you will still have your land.
Many homeowners claims are low. If you don’t have a video or up to date inventory of your home’s contents, you could be prone to submit a claim that is too low.

If you can’t remember the last time you reviewed your homeowners insurance, or don’t know what you are paying, contact us at Oliver Insurance. We are an independent insurance agency serving the Canby, OR area. We can review the policies of any company and seek out quotes to save you money. Visit our website for an online quote on home or auto insurance. If you prefer, contact us for a review. Don’t wait until it is too late to better know your policy. Contact us today!

Basic Overview of Potential Costs for Your Business in the Event of a Breach

Posted on May 4, 2015February 18, 2015 by agentinsure

Whether it's identify theft, data breach or cyber-crime, they are all basically the same thing. Regardless, the fact of the matter is that you need to be aware of the growing crime and how you're at risk.

Regardless of the industry that you're in, every business has confidential information that a thief wants. They'll take that sensitive data and sell it for money in their pockets. Unfortunately, it will be your bank account that continues to dwindle even after the breach occurs. Here are potential costs that you can expect to deal with:

Notifying your customers of the data breach will cost roughly $1, maybe $2, per person.
Obtaining help with data recovery and research could cost you $250 per hour.
Reissuing credit cards to your customers may cost you $25 per card.
Obtaining subscriptions for consumer credit monitoring will cost upwards of $20 per person.
Working with legal counsel could cost $600 or more per hour.
Offering a customer support hotline would likely cost $5 or more per phone call.

In addition to the aforementioned costs, you have to also think about the costs that are almost impossible to estimate since they vary depending on the exact circumstances and severity of the breach. These costs could include:

Expenses for rewards of the person who committed the breach.
Various public relations activities to try and salvage the name of the company.
Costs to upgrade technology in the office and training of staff.
Replacing stolen securities, identifies or funds.
Extortion demands.

Cyber-crime is a serious threat to every single business in the country, including your business here in Canby, Oregon 97013. Contact one of our independent commercial insurance agents to learn how you can protect your business from data breaches. Don't forget to ask for a quote on commercial insurance that will protect you in the event that a breach does occur.

Protect Your Business Income During a Power Outage

Posted on April 15, 2015February 18, 2015 by agentinsure

Whether it's a winter blizzard or a summer thunderstorm that takes place here in Canby, Oregon, severe storms can wreak havoc on your business. If severe enough, it could result in your business losing power, which means that you'll have to shut the doors for a bit. Many business owners assume that their standard business insurance contains coverage for this particular type of situation, but this is not always true.

Understanding Business Interruption Coverage

Some states offer an extended coverage for utility interruptions. It is typically known as Utility Services-Time Element and offers coverage for any income loss during an interruption of water supply, power or communications. As a general rule, this type of policy will offer reimbursement for profit loss as well as continuing expenses until your service has been restored and up to the policy limit.

When selecting coverage, it is important to determine whether you need all three or just certain utility coverage. You may need help in doing this, which is why you can give one of our independent agents in Canby a phone call.

3 Things to Keep in Mind

When it comes to this type of coverage, remember that:

This utility services interruption coverage cannot be purchased as a standalone policy and must be purchased in conjunction with business income coverage.
If there is a deductible or waiting period for your business income coverage, then it will also apply to your interruption coverage.
In order for the policy to take effect, the utility loss must have been a result as a covered loss.

If your business heavily relies on any type of utility, then it is imperative that you consult with us about the utility interruption coverage. Our independent agents want to make sure that all businesses in the 97013 community are properly coverage in the event that their business has to shut its doors or need to replace electronics due to storm damage. Contact us today and let us help you!

Homeowner’s Insurance: Storm Protection Coverage

Posted on April 1, 2015February 18, 2015 by agentinsure

Canby, Oregon is a gorgeous town not too far from Beaverton and Portland. It is categorized by vineyards, farmer’s markets, and more. The homes are valued higher than the state average and consist mostly of single family homes.

When you are in the 97013 ZIP code of Canby, you have to look at your homeowners insurance in terms of coverage. If there is a storm, snow or otherwise, it could result in roof damage. If your roof becomes damaged, it could cause leaks within the ceiling as well as various other issues.

You want roof damage to be repaired – and without being the one financially responsible for it. Your homeowner’s insurance may or may not cover the storm damage. This is why you have to look at the full level of coverage that’s in place as well as the fine print.

Our agents can help you with all of the specifics for insurance in Oregon. We can talk to you about specific storm protection so that there is additional coverage in the event of a storm. Whether the storm is rain or snow, you know that if your home becomes damaged as a result of it, you will be able to file a claim and have the insurance company pay.

Protecting your home in the 97013 area of Canby is critical and therefore you have to look at roof damage and overall storm protection within your policy. Our agents are experienced with homeowner’s insurance in Oregon, so let them work on a policy that will adequately protect your home.

Don’t let a storm take you by surprise and cause damage that insurance won’t repair. We can help you, so call us and let us provide you with assistance as well as quotes on a policy today.

Homes In Canby: Protecting Against Sinking Foundation And More

Posted on March 18, 2015February 18, 2015 by agentinsure

Canby, Oregon is a beautiful part of the Pacific Northwest. Home values are slightly above the state average and may be single family detached homes, town homes, and more. There are wineries and farms nearby and you are within close driving distance of Portland should you want to experience what the metropolitan area has to offer.

You want to do all you can to protect your home in 97013 and therefore you have to look at what your homeowner’s insurance offers. Protection may be minimal unless you know what to look for and what coverage needs to be added.

If you have a sinking foundation, it could impact your porch, your walls, and more. The longer you allow the foundation to sink, the more damage can be done. It should be as simple as calling your homeowners insurance in Oregon to receive assistance, but only if there is such coverage.

It can be advantageous to work with an agent where you can learn about what the fine print of a policy says. This will make it easier to know of the instances where a sinking foundation will be covered, amongst other issues that could occur within your home in the 97013 area.

One of our agents can talk to you about issues that homeowners have had in Canby and guide you through the coverage options. This will allow you to pick and choose what coverage you want to know that your home, your porch, and any other features are protected year round.

Homeowner’s insurance is our specialty and whether you have sinking foundation, have experienced a fire, or anything else, we want to work with you on finding the necessary level of coverage.

Call today to start asking questions and receive quotes on insurance premiums.

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Category: Home Insurance

Five Things Your Agent Knows About Home Insurance That You May Not

Basic Overview of Potential Costs for Your Business in the Event of a Breach

Protect Your Business Income During a Power Outage

Homeowner’s Insurance: Storm Protection Coverage

Homes In Canby: Protecting Against Sinking Foundation And More

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