Common Myths About Flooding

Experiencing a flood in a home can be devastating, and being prepared with flood insurance can help make the recovery process much more manageable. However, there are many myths about flooding, leaving Canby, OR homeowners wondering if they truly need insurance coverage for flooding. 

Below are some of the most common myths about flooding. After reading this, if you still have questions about flood insurance, give us a call at Oliver Insurance. 

Myth: I do not live in a flood zone, so I don’t need flood insurance. 

Fact: Everyone is actually in some flood zone. There are different categories — indeterminate, low-to-moderate risk, high-risk, and coastal high-risk — all of which can experience flooding.

Myth: My homeowners insurance policy automatically covers me in the event of a flood.

Fact: Standard home insurance policies do not automatically provide coverage for damage and losses from a flood. 

Myth: The cost of flood insurance coverage is too expensive. 

Fact: With different private insurance companies offering flood insurance, the market is very competitive. Because of this, premium and policy customizations are available, which helps lower the cost of coverage. In addition, some insurance carriers also allow for payment plans for flood insurance coverage, making it feel more affordable. 

Myth: FEMA will help provide financial assistance for repairs if I experience a loss due to a flood. 

Fact: FEMA will only provide financial assistance to those who experienced flood loss and damage when there is a state of emergency declared for the event. The assistance received is in the form of a loan, which must be repaid with interest, and those who are approved for assistance are then required to carry flood insurance coverage. 

Though the decision to have flood insurance coverage is up to the homeowner, it is always best to be prepared for any emergency in Canby, OR. If you still have questions about flood insurance, call us today. Our representatives at Oliver Insurance are ready to help answer any insurance questions you have. 

Are There Higher Limits Available for Motorcycle Liability Coverage?

Motorcycle liability insurance provides cover for property damage and bodily injuries. The coverage compensates a third party if the motorcycle driver is at fault in an accident that leads to property damage or physical harm. At least 49 states need riders to have motorcycle liability insurance before they can register their motorcycles.

Motorcycle liability often has three limits denoted as 10/40/15. The first figure represents the bodily injury protection limit for one person. The second figure represents the bodily injury limit for each accident, and the last figure represents the property damage limit. Most liability limits are similar across states, but they also differ in some states.

Higher Limits for Motorcycle Liability Cover

More often than not, the minimum required liability cover for motorcycles isn’t enough to provide full coverage in most accidents. But it is prudent to ensure that you have enough liability that can safeguard your assets. If your negligence as a rider causes an accident, you may get sued for property damage, bodily harm, pain and suffering, and the loss of income. You may lose most of what you own.

You need more liability insurance coverage than the least to protect your assets, motorcycle, savings, investments, home, and family. If your motorcycle insurance provider doesn’t offer a cover that provides enough cover, you can get an umbrella policy that offers blanket liability. You may also get more coverage options to get a higher limit of coverage.

Other Covers to Increase Your Motorcycle Liability Coverage

  • The uninsured/underinsured motorist cover
  • Collision and comprehensive coverage
  • Medical payments (Med-Pay) and personal injury protection (PIP) coverage
  • Add-on options, including Roadside Help, Trip interruption coverage, OEM coverage, more accessories coverage, Carried contents coverage, and Guest passenger liability insurance

Get More Coverage for Your Motorcycle Liability Coverage in Canby, OR.

If you’re feeling underinsured and your motorcycle liability seems insufficient, then it’s time to get more coverage from Oliver Insurance in Canby OR. If you’re in Canby, OR, and you’d like to learn more about Oliver Insurance motorcycle liability coverage, visit the company’s website to get insights.

Potential Rate Changes for WA Residents

** Important News regarding Potential Rate Increases/Changes forWA Residents **

The State of Washington’s Insurance Commissioner, Mike Kreidler, issued an order on March 23, 2021, that bans the use of credit in setting insurance rates for new and renewed policies as of June 20, 2021.

Unfortunately, this policy change will potentially effect over 1 million people in the state of Washington.  The removal of credit-based insurance scores will likely raise insurance premiums for the vast majority of Washington residents.

Our agency wanted you to be aware of this legislature change that could last for up to 3 years.  It will affect new policies and renewals for auto, homeowners and rental insurance across all carriers. In some cases, the premium increase could be significant. This impacts all insurance carriers in the state of Washington. 

As your independent agency, we can compare pricing among multiple carriers. We will continue to work to find you the most competitive rate based on your coverage needs. Also, we can look for other opportunities to help reduce premiums. 

Please don’t hesitate to reach out to us with any questions or concerns. I have attached a link to an article that explores all sides of this issue.

Best regards,

Ryan Oliver, President of Oliver Insurance

What does Boater’s Insurance Cover?

When purchasing boater’s insurance you need to ensure the coverage is for your craft, passengers, theft, and liability. Liability towards other people and their crafts should you cause them injury or damage.  

Insurance should pay the insured’s loss of property, medical costs, and wages lost as a result of a boating accident. This insurance should also cover all other costs related to a said boating accident. In addition, you need uninsured boater coverage. This will cover you in the event you are injured by another boater and are injured. It will cover injuries, costs, and lost wages associated with the boating accident. 

Boater insurance is not a requirement in Oregon state. Yet, because of situations that may arise on the water, it comes highly recommended. When you speak to an agent at Oliver Insurance, inquire about a Boater Education Card. This card may allot the boater a 15% discount on their insurance policy. 

When insuring your boat you are not required to name each driver of the boat. Your boaters insurance policy will cover other operators, as long as they are legal boat operators with Oregon state. 

If you live in the Great Northwest and own a boat, check out Oliver Insurance, in Canby, OR. 

Our agents in the Canby, OR area are ready to serve you. Our online support team can aid you with setting up a customer account online. Once you have an account, you will have easy policy access 24/7; where you can view coverage and more. Should you be injured and unable to come to the office, online access will aid you in obtaining policy data. 

Give our qualified agents at Oliver Insurance a call. Our friendly agents help the surrounding areas of Canby, OR get the boater’s insurance needed. Call today, happy boating tomorrow!

How Umbrella Insurance Protects You

When it comes to insurance, you need as much protection as you can get. Many people think that their existing insurance policies give them enough protection, but that is all too often not the case. If you need more liability coverage, contact us at Oliver Insurance in Canby, OR.

Your Home and Auto Policies

Umbrella insurance works along with your home and auto insurance policies. When you have these two policies in place, they each offer a set amount of liability insurance that has a set maximum. It is common for that maximum to be relatively low. When you have a low maximum on your liability coverage, it is likely that it won’t be enough to pay for a serious accident if one should happen. That’s why it’s becoming more and more popular to get umbrella insurance. It adds more liability coverage to those two policies so that you don’t have to go bankrupt after an accident. 

Better Protection

When there is an accident that happens in your home, on your grounds, or in your home, there may be medical bills that you are liable to pay. When you have an umbrella policy, your vehicle or home insurance will pay, but only as much as the policy’s maximum. After that, your umbrella insurance policy starts to pay. It will have a far higher maximum payout, so it will pay much more than your home or auto policy. That keeps you from having to come up with all of that overage by yourself. 

Get Umbrella Protection

If you don’t have adequate liability coverage, you are in a dangerous position should a serious accident occur. To be better protected, call us at Oliver Insurance in Canby, OR to get your umbrella insurance.

Life insurance options

Life is uncertain and unpredictable. As a Canby, OR resident, procuring a spectacular life insurance policy today is a wise move because it helps you be guaranteed that your family and your loved ones will always be safeguarded financially upon your unexpected demise. When you are shopping for salient life insurance, it’s vital to be aware of the available provisions because they vary from one state to another. Purchasing a life insurance policy in Canby, OR provides a sense of security and satisfaction, knowing that your beneficiaries will get assistance to meet their financial mandate when you are gone.

Being a Canby, OR resident, you can acquire life insurance that is instrumental in planning your beneficiaries’ future and fulfilling their promises upon your untimely demise. Do you want to get outstanding life insurance in Canby, OR to shield your family and loved ones against financial hardships after your death? Visit us today at our Oliver Insurance offices and get life insurance of your choice to meet your needs.

Types of life insurance policy options.

Term life insurance coverage: It lasts for a specified duration before its expiry. Upon your death, your beneficiary will get reimbursed the death benefits. The insurance company will pay the diseased beneficiaries promptly.

Whole life insurance coverage: It does not have a specified period of expiry because it can last as long as you can pay your premiums. It incorporates death benefits and a cash value, which is a solidified form of investment.

Universal life insurance coverage: It’s a permanent type of life insurance policy that encompasses a flexible premium payment structure and a guaranteed fixed return.

Variable universal life coverage: It’s similar to universal life insurance because it features flexibility in the premium payments.

Are you a resident of Canby, OR? Contact us or visit our Oliver Insurance offices for more information about life insurance.

Required Commercial Insurance in Oregon

When you own a business in Oregon, there are two types of insurance that most businesses must-have. In addition, there are many other types of insurance policies that many business owners get to have more coverage against everything from disasters to accidents to lawsuits. If you are in Canby, OR, call us at Oliver Insurance to learn more about commercial insurance. 

Workers’ Compensation

Universally known as workers’ comp, this type of insurance is required in Oregon for every employee of an Oregon business. Even if there are only part-time employees, each of them must be covered by workers’ compensation insurance. This coverage ensures that if there is an accident or an illness contracted at the workplace, the medical bills of the employee will be paid. Don’t risk going without this insurance for a moment. It can mean the difference between keeping your business going and 

Commercial Auto Coverage

This type of coverage is only required if the business owns a vehicle. Every vehicle owned by an Oregon business has to have a commercial auto insurance policy on it. There is a mandatory minimum amount of bodily injury liability coverage that you must have for one person injured in an accident and another, higher, the number required for everyone who is injured in an accident. This is a liability, however, so the driver is not included in this type of coverage. There is also a set minimum amount of coverage for property damage liability. In addition, each vehicle must have a set minimum amount for one person injured in an accident with an uninsured motorist and a higher amount for everyone who is injured in this type of accident. There is also an amount of personal injury protection coverage required, and this is what protects the driver. 

Get Your Commercial Insurance

If you own a business and are in Canby, OR, call us at Oliver Insurance to talk about your commercial insurance needs. 

Keeping your home safe in Canby, OR

No matter where you live, keeping your home safe is a priority for every homeowner. Canby, OR is a wonderful place to live with spectacular scenery, lots of parks and water activities and most people own their own homes. But, things happen in even the most beautiful locations. Having good home insurance and an independent agent you can trust is a must. Oliver Insurance has been bringing its personalized service to local residents for more than 20 years. 

Keeping your home safe takes many forms. Today it starts with having a state-of-the-art home security system. It can be one you install yourself or it can be one that is monitored by a service. Making your home a smart home allows you to check what is going on both inside and outside of your home with a simple app on your smartphone. Not everyone, however, is into high tech when it comes to home safety and there are simple things everyone can do to make your home safe. 

  • Lock your doors and windows.
  • Install a deadbolt.
  • Secure your slider with a metal rod.
  • Cut back any tall bushes close to your home.
  • Don’t broadcast any plans you have to be away.
  • Put up signs for a security system outside your home even if you don’t have one. 

Install smoke detectors on every level and make sure you have a schedule for replacing the batteries if they are not hardwired. Even if they are hard-wired, batteries are the backup so need to be changed twice a year. If you are burning any type of fuel, a carbon monoxide detector is a necessity. If all your power is electric and you don’t have a fireplace, then it isn’t necessary to have one. 

When you are ready to discuss home insurance give Oliver Insurance in Canby, OR a call to discuss your needs.

Essential Tips for Auto Insurance

Most motorists understand that purchasing auto insurance is a necessity. However, how much to purchase and what type may sometimes be a little difficult to navigate. Certain tips may help drivers determine what they need, in terms of auto insurance, as well as what they don’t need. Other essential tips include additional factors that may or may not affect what you pay for auto insurance as well as what is covered by different types of auto insurance. 

Consider Your Unique Situation
When it comes to determining how much and what type of auto insurance you need, your own unique situation should always take precedence over everything else. Of course, you will have state minimum requirements that you must meet regardless, but there will be other things to consider beyond the legal requirements to drive. Consider the cost of your insurance and its affordability. This is extremely important when it comes to determining the right deductible for your financial situation. You should also report changes in your driving that include reduced mileage. This could lower your insurance rates as well. Plus, it’s another specific detail about your driving history that should be reflected in your auto insurance coverage. 

Understand the Difference Between Collision and Comprehensive coverage
The Canby, OR team of Oliver Insurance understands that this may be confusing to many motorists. Collision insurance is associated with car accidents that involve a collision. This is the easiest way to understand this type of coverage. However, hitting a deer in the middle of the road wouldn’t necessarily fall under collision coverage. This is where a comprehensive insurance policy would come into play. Following the same thought, if you turn to avoid hitting a dear and collide with another car, collision coverage would include this accident. Conversely, comprehensive insurance would cover losses and accidents that don’t necessarily result from driving a car. This includes losses that come from theft, severe weather conditions like hail, storms, and fallen trees. Hitting a deer would also fall under comprehensive insurance coverage. Typical circumstances that are covered by comprehensive insurance include fire, wind, hail, flood, theft, vandalism, falling objects, and hitting an animal. If you have questions regarding the best auto insurance policy for you you and your situation, give us a call. We’re happy to help guide your decision-making process and answer all of your questions. 

What auto insurance must Oregon residents carry

Owning a vehicle and having a driver’s license comes with some responsibilities. One of them is to maintain the state-mandated auto insurance on your vehicle. It is your responsibility to know what those mandates are before taking a vehicle out onto the road. At Oliver Insurance in Canby, OR our experienced team has been serving the area since 1972. Our goal is to make sure you are in compliance with the law and have the perfect coverage for your needs. 

In Oregon, it is not legal to drive a vehicle without auto insurance. You can’t register a vehicle without it. Every driver must cover their vehicle with at least $25,000 in liability for each person in a crash and $50,000 for the total accident. Additionally, there must be $20,000 for property damage. Drivers must also have $15,000 PIP (personal injury protection) and insured motorist at the same minimum and maximum as the bodily injury.

The state of Oregon takes not having the required auto insurance very seriously. Depending on the circumstances that bring your lack of insurance to the attention of the authorities, you could be fined anywhere from the minimum of $130 to more than $5000. 

If you live in Oregon and have an auto loan or a lease, you will have additional requirements. You must protect the vehicle you’re driving in the event it gets damaged. This requires you to carry collision and comprehensive coverage. Even if you don’t have a loan or lease, if your vehicle is worth more than a couple of thousand dollars, it is probably a good idea to maintain comprehensive and collision coverage. Living without a vehicle would be a hardship for most people and having the ready money to replace or repair your vehicle may also be difficult.  

Contact Oliver Insurance in Canby, OR for your auto insurance needs.