Renter insurance policies do not cover the cost of replacing your property if it is damaged or stolen beyond the limits of your policy. They also do not cover any costs associated with liability if someone is injured or if there is property damage due to something you (or someone on your policy) did. For questions in Orleans, IN, contact Busick Insurance Agency LLC.

Things Renters Insurance Doesn’t Cover 

Renter’s insurance does not cover trips, medical expenses, or lost or stolen items. It also does not cover situations such as natural disasters. If you are looking for coverage for these events, you may want to purchase a different type of policy. 

Renter’s insurance is not designed to cover everything that could happen in your home. 

• Jewelry and work equipment are covered only up to a certain amount 
• Computer and phone are not covered if they are stolen
• Clothes are only covered if they are stolen. 
• Broken pipes are not covered if you do not have insurance for them. 
• Broken windows are covered if they are due to weather. 
• A hacked computer or a ransomware attack on your computer isn’t covered. 
• Climbing on rooftops or antennas

Consider buying additional liability insurance if you have a dog or cat. People who own pets know how much they mean to the family, but they may not realize that a pet can be a liability if it bites someone. While renters insurance is integral to protecting your personal assets, it does not cover every risk. 

Bottom Line 

While most standard policies will cover your personal property if stolen or damaged, they may not cover certain activities. Renters’ insurance doesn’t cover the property if you use it to generate income (such as operating a business out of your home). Also, not catered are using your property to grow or produce illegal substances or keep animals that cause damage or injury. Call Busick Insurance Agency LLC if you’re stuck with questions in Orleans, IN.

Busick Insurance Agency LLC is here to help the Orleans, IN business community with all of its insurance needs. Several comprehensive commercial policies are available in our area, and we are here to help you find the solution that best meets your company’s needs. Give us a call today and schedule a consultation to learn more.

Business insurance needs to consider

Owning a business, no matter the type, requires a lot of hard work and determination. If you want to make sure that your firm has the protection it needs, here’s some useful info for you:

• Inventory – when calculating your inventory protection amount, be sure to use the highest level of inventory that you carry. This is especially important for seasonal businesses.
• Commercial fleets – if you rely on a fleet to keep your business moving, be sure that it has the proper protection. And, if your employees sometimes use their own vehicles while on the job, you’ll need protection for that.
• Business interruption – if your business goes offline due to a covered event, this type of insurance is very important. Cash flow interruptions can spell doom to a company’s ongoing viability. Don’t let this happen to you!

There are many great commercial insurance options available in our area. We can help you find the right policy for your company that meets all of your business insurance needs.

Find out more today!

Busick Insurance Agency LLC wants to be your insurance partner. If you are a business owner in the greater Orleans, IN area, give us a call today to schedule an appointment. We can help you find the insurance solutions that your business needs!

Umbrella insurance is a security blanket that offers liability protection beyond your current limits for popular policies like homeowners and auto insurance. If the total damages from an accident exceed your existing liability limits, the umbrella insurance policy serves as a backup to provide extra coverage. You’ll want to read the fine print of your contract to determine exactly what is covered. Still, typically umbrella insurance provides additional liability coverage for lawsuits, damage to third party property, injuries to a third party, and personal liability. Many people question the need for umbrella insurance because they already have liability covered offered by their existing home and auto policies. However, if the damage exceeds your current liability coverage limits, you’ll be on the hook for paying the difference, which is likely to be thousands of dollars. 

With umbrella insurance, coverage extends to you and any dependents on your policy, such as a spouse or children. Therefore, if your teenager is involved in an auto accident just after getting their license that results in significant damage and injuries, your umbrella insurance can be used to cover that accident if the damages exceed your existing liability coverage. 

Bear in mind that umbrella insurance does not provide coverage for every circumstance with exclusions for criminal activity, injuries or damage to your property, and liability that you assume under a legal contract. 

To learn more about umbrella insurance and if it is right for you, give the friendly and professional team at Busick Insurance Agency LLC in Orleans, IN a call. We’ll walk you through your options and help you find a policy that best meets your needs. 

If you speak to many renters in Orleans, IN, they don’t carry renters insurance because of the thought that they don’t own a lot or perceive that the landlord’s insurance covers them. Although it’s a fact that your rented property is insured, the landlord’s insurance covers damage to the property but not your belongings. In light of this, you need renters insurance from Busick Insurance Agency LLC for the below reasons.

To protect your assets

You may not think your assets aren’t valuable, but a room-to-room inventory count may suggest otherwise. And because you have put in thousands of dollars to accumulate your assets over time, it’s essential to protect these valuables with renters insurance. 

Renters insurance pays for the damage or loss of your belongings when a covered loss strikes. While renters insurance doesn’t prevent risks from occurring, it provides a softer landing when disaster strikes. And the beauty of renters insurance is that it protects your assets even when outside your rented property. For instance, if your laptop is stolen while at school, renters insurance should compensate you for the loss. 

To cover you against liabilities

Renters insurance protects you and your family against property damage and bodily injuries you cause to other people. For instance, if a guest is injured within your rented dwelling, renters insurance covers the medical costs and possible legal costs. Similarly, renters insurance should pay for property damages if your son throws a ball and breaks your neighbor’s expensive glass door. 

To cover additional living expenses

Suppose your rented property becomes unlivable due to a covered risk like fire. In the process, you might have to look for temporal shelter as your home or apartment undergoes repairs. Renters insurance can pay for your hotel meals and accommodation until your dwelling becomes livable again. 

If you ever thought you never needed renters insurance, now you are convinced you need this coverage. If you are in Orleans, IN, and its environs, please contact Busick Insurance Agency LLC for an affordable quote.

Anyone that is in the Orleans, IN area knows very well that owning a motorcycle is a great way to get around the community. If you are looking to purchase a motorcycle when you are in this area, you need to get the right insurance as well. As you are picking a new plan, you will find that there are many factors that need consideration. There are a few items in particular that need to be thought about during this process. 

Is Full Coverage Needed

One factor to consider as you are looking for motorcycle coverage is if you need full coverage. A full motorcycle insurance plan will provide coverage to repair or replace the asset if it is stolen or damaged. While having this coverage is a necessity if you have a loan or expensive motorcycle, those with motorcycles that are more affordable to replace may not feel the need to maintain this coverage. 

What are the Requirements

Another important factor to consider is whether you have specific insurance requirements. Those that own a motorcycle may have a motorcycle loan, which could require you to maintain a certain level of coverage. Additionally, if you intend to drive it on a public road, you will need to have liability insurance to comply with state law. It is important to understand and follow any insurance requirements. 

There are several factors to think about as you are choosing a new motorcycle insurance plan. If you are looking for a policy and are in the Orleans, IN area, you should call Busick Insurance Agency LLC. The team with Busick Insurance Agency LLC can help you understand the different insurance options and what your needs are. They can then give the support that is needed to build and select a plan that is ideal for your situation. 

An umbrella policy is a real financial safety net. As a responsible adult, you probably already have car insurance, homeowner’s insurance, perhaps even boat insurance. All these policies have payout limits for particular types of claims. So, what happens if, for instance, you are involved in a car accident and your liability amount for the accident exceeds the car insurance policy limit? In short, if you have umbrella insurance, it will cover the shortfall. You will be able to protect your assets and avoid a financial setback.

Coverage for uninsured and underinsured driver liability

Busick Insurance Agency LLC in Orleans, IN points out a further benefit of owning an umbrella insurance policy. Protection in the event you have an accident with an uninsured or underinsured driver.  If the other driver’s insurance cannot pay out enough to cover the cost of your medical bills and car repairs, you can claim the shortfall from your own umbrella policy. And, if the other driver happens to have an umbrella policy, you can claim all the damages from him regardless of the low liability limits on his insurance policy.

Protection for your immediate family members

An umbrella policy also provides an additional level of protection for your family. If anyone in your immediate family is involved in an unfortunate car accident, they are also covered under your umbrella policy. It means that you can use the policy to protect your loved ones in a situation where they are deemed liable for property damage or injury of someone else.

If you live in Orleans, IN, come to speak to a friendly agent at the Busick Insurance Agency LLC. They will carefully assess your needs and provide a policy that will give you the appropriate amount of coverage.