Covid-19 Update 5.28.2020 – ReOpening Phases

As the re-opening phases unroll, we’d like to share some important information regarding our physical office at 101 N. Ivy Street.

First, I’d like to THANK YOU for your patience. New ways of doing business often provide both growth and challenges. I am extremely proud (and appreciative) of our top notch, professional team working hard every day making sure you get the service you deserve, even if it isn’t in person.

As of today, May 27th, our office will continue to be open via phone, web, and email. We are also going to roll out a virtual meeting option. In person appointments can be scheduled if needed. Our office will remain closed to walk in traffic. Although the option for walk in traffic is now a reality, we had already begun the process of a long awaited (and needed) building update. We had hoped to be further along in the process at the time of the county reopening but alas, COVID has delayed the construction/permitting process.

Here is what you need to know:

We are open 9 – 5 Monday through Friday via the following options:
Phone: 503-266-2715 Fax: 503-263-6968
General Email Support/Customer Service:
Personal Insurance: help@oliverins.net
Business Insurance: business@oliverins.net
Website: Create or Login to your account at
www.oliverinsurance.net
Virtual Appointments – Coming Soon! STAY TUNED!
-Utilize our drop box for payments or paper documents located at
101 N. Ivy St. in Canby
-For special circumstances, we will accommodate an in-person
appointment

Our goal is to open our doors to the public in July after remodel completion.

Upon opening, we will follow all current state and county requirements to keep you and our employees safe. We will provide regular communication regarding our office reopening.

I hope you and your family continue to stay health and safe. We look forward to continuing to serve your insurance needs.

Sincerely,

Ryan Oliver
President, Oliver Insurance

Earthquake Insurance

Recently there have been reports in the news about the imminence of the “Big One” shaking the greater Portland-Metro area, which has led many to begin thinking about what they can do to prepare for an earthquake.  In addition to storing food, water, and other supplies, it is important to think about the catastrophic damages that can take place at your home and whether or not your Homeowners Insurance will cover the damage.

Most people do not realize that a standard Homeowners, Condo, or Renters policy does not cover earthquake damage.  In fact, according to the Oregon Insurance Division, only about 20% of Oregonians have earthquake coverage.  Earthquake coverage can either be added as an extra endorsement or sold separately as a stand-alone policy.

Here are a few steps you can take to ensure you are covered:

  1. Check your current Homeowners policy to see if the Earthquake Endorsement has been added. If not, you can simply call your agent to have them add the endorsement or they can write you a stand-alone Earthquake policy.
  2. Find out what the deductible amount is. Earthquake coverage has a separate deductible from your base Homeowners Insurance.  Deductible amounts ranging from 10 – 25% will be applied in the event of a claim.   Example, if there is $200k in damages you could pay anywhere from $20k – $50k out of pocket.
  3. Identify your Coverage A (the dwelling itself), B (other structures), and C (personal property) amounts on your Homeowners policy to determine what your total deductible amount would be in the event of a total loss. Example: Coverage A = $200k, Coverage B = $20k, Coverage C = $120k for a total of $340k in coverage.  The deductible for a total loss would be 34k – 85k depending on your deductible %.

 

Although the deductible can be expensive, it is a relatively small amount to protect one of your biggest investments – your home.  Please contact your Oliver Insurance agent today for more information.

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

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

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

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

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.

Top 4 Reasons to Insure Your Classic Car

If you own a classic car, then you definitely need insurance on it. Classic car insurance will go a long way in helping you rest assured that this asset is fully covered in the event that it were to become damaged or stolen. As an antique lover in the 97013 area, having the right insurance can help you sleep better at night. Here’s a quick look at the many reasons you’ll benefit from classic car insurance in Canby, Oregon.

Replacement Coverage

If your classic car was to become damaged or stolen, do you have the funds to cover your loss? If not, insurance is a great way to provide you with replacement coverage. If your collectible car is totaled, replacement coverage will be provided in the amount of your car’s "agreed upon value." Best of all, most insurance policies on classic cars take into account the appreciation value of the car, meaning you are protected even if your car’s value goes up from one year to the next.

No need to pay a deductible

Many classic auto insurance policies don’t’ require you to pay a deductible that would normally be associated with a traditional auto policy.

Injury and Property Damage

If an incident were to happen with your classic car in which someone became injured, or property damage was to occur, your insurance coverage would kick in and cover the associated costs.

Coverage when the at-fault party isn’t covered

What happens if you’re involved in an accident with a party who is at fault but doesn’t have coverage? Without insurance, you’ll be out of luck. But with your own classic car insurance policy, you can have peace of mind in knowing that your insurance will cover you.

Car Insurance: Coverage That Matters

Canby, Oregon is amongst wineries, farms, and offers a farmers market every week. There are a ton of things to see and do and it’s not a far drive from Beaverton or Portland.

When you look for car insurance in the 97013 ZIP code, it’s important to be aware of the coverage options. The state of Oregon requires you to maintain a minimum level of liability insurance, but beyond that, you still have decisions to make.

You don’t want to damage your clear coat and there are various things that can cause the damage. Hail damage is something you can experience year round, though especially in the cold Canby winters.

The coverage that you need to protect you against hail damage is comprehensive car insurance. This is for all of the non-driving related damage that can be incurred within the 97013 area. So you can protect yourself and your car, your insurance should have this coverage. If you are leasing a car, the company may even require you to have it.

We can help you with all of the coverage options for your car insurance policy. We will go over requirements in Oregon as well as additional options such as comprehensive, collision, and even uninsured motorist. We can discuss the levels of coverage as well so you don’t have to pay anything more than the deductible out of pocket in the event your car is damaged or you are involved in an accident.

Knowing about all of the coverage options will see to it that you are protected against it all in Canby. If you were to get insurance on your own, you may be left vulnerable and our goal is to prevent such a thing from happening.

Call and talk to one of our knowledgeable agents to receive quotes today.