4 Areas Where Umbrella Insurance Can Be A Real Asset

The Sirover Agency LLC serves the Wayne, PA community by offering residents multiple types of policies. We want to make sure that our clients are covered for whatever issues life may bring their way. We understand that your life may evolve, so your insurance needs will change. That’s why we are prepared to help you through every stage of your life. We proudly serve as an independent insurance agency.

Where is Umbrella Insurance an Asset?

Umbrella insurance offers a layer of protection in the event of a serious emergency. Accidents can happen at any time. However, it’s important to have a plan in place. Umbrella insurance covers you if you are involved in a serious liability dispute. Here is a look at four specific situations where umbrella insurance can assist you.

Your Home

Umbrella insurance can protect you if someone gets injured while visiting your Wayne, PA home. The policy also protects you if you cause serious damage to your neighbor’s property. If you have a pet, umbrella insurance will protect you if your pet injures someone. Umbrella insurance provides an extra layer of protection besides your existing liability coverage so that you can defend yourself against the charges.

Accidental Collision

Umbrella insurance covers you if your vehicle causes damage to someone else’s property.

Slander

If you work as a professional advisor, you face certain risks. You may be accused of slander if one of your tips turns out to be detrimental. Umbrella insurance will help you cover the allegations.

Hosting a Party

If you are hosting a party, umbrella insurance can prevent you from being held liable if one of the attendees causes damage.

The Sirover Agency LLC Will Help You Cover Your Assets

Visit our website to learn more information about umbrella insurance.

Auto Insurance for Teen Drivers

Learning to drive is a dream for many teenagers. However, teenage driving is associated with reckless driving due to their inexperience and immaturity. Therefore, it’s an excellent decision to come up with ways to make driving for your teen safer. 

For instance, you can help them develop safe driving skills. You can also get auto insurance personalized for teen driving to protect yourself against any accidents they may cause. The latter is what we’ll focus on— auto insurance for teen drivers. 

For residents of Wayne, PA, knowing the right insurance policy for teen drivers is not straightforward. That’s why there’s the need to work with The Sirover Agency LLC; a reputable insurance firm in the area. 

Teen Auto Insurance in Pennsylvania

For teens driving under the instructions of adults in Pennsylvania, they don’t need their own insurance policy. However, when they start driving on their own, they will need it. So, you’ll need to consider the insurance options available for teen drivers in the area. 

Since teen drivers are considered high-risk, insurance costs are likely to be higher than for adults. 

Requirements for Teen Driving in Pennsylvania

According to the state motor vehicle law, teen drivers should have a complete form DL-180, a document signed by a physician showing that the driver has no health issue that may affect their driving ability. They are also required to produce proof of identity and residency on top of passing a vision test. The teen is then granted a learners’ driving permit to serve for one year. For six months, the teen is required to be under the supervision of an adult. 

Ask the Pros

For a teenager, a driving license is a rite of passage to independence. However, as a parent, you need to remember that driving for teenagers comes with a high risk of causing accidents. Therefore, you need to get a customized auto insurance policy to protect the teenager, the car, and third parties from bodily harm and property damage.

For parents in Wayne, PA, The Sirover Agency LLC is ready to take the stress of choosing the right auto insurance coverage from you. We have a team of professionals who understand the coverages that suit teen drivers. Get in touch today.

What Every Dog Owner Needs to Know About Home Insurance

Do you own a pup? Our team at The Sirover Agency, LLC wants to make sure you know how this directly affects your property coverage. Here’s what every dog owner needs to know about home insurance.

Home Insurance Includes Liability Coverage

Perhaps the most important aspect of home insurance for dog owners is the liability component. This is what kicks in if someone comes to your home and your dog injures them in any serious way. As an example, let’s say your child has a friend from school over who ends up bitten and requires stitches. In this case, the liability portion of your policy would pay for those medical bills.

Furthermore, liability also pays if your dog gets out and causes damage to someone else’s property. An example of this would be a pet that destroys a neighbor’s fencing or causes significant damage to a home down the street. In this scenario, your liability coverage might pay to fix these damages.

When Your Pet Damages Your Own Home

Many Wayne, PA dog owners want to know if there’s coverage when their pet damages a portion of their home. Need an example? An anxious dog who eats through a wall or tears up the carpet. Sadly, the answer to this is no. Homeowners’ insurance does not typically cover damages to your own home caused by your dog.

Does Home Insurance Cover Vet Bills?

This is one of those questions that really depends on the situation. If your pet is injured or becomes ill for normal health concerns, your home insurance would not pay for treatment. However, if your dog is injured as part of a bigger claim on your home, there might be some payment. For example, if your purebred Labrador is injured in a house fire and needs extensive veterinary care, there’s a potential chance that your policy might cover it. The reason? Pets are considered personal property. However, this isn’t true with every insurer, so it is important to ask your agent to clarify your specific policy.

Not All Breeds Are Accepted

While you likely know that your canine companion is a good boy or girl, your insurance company does not. Most have a list of statistically more likely breeds to cause injury to humans, and they won’t insure properties where this type of pet lives.

Interested in learning more about home insurance coverage in Wayne, PA? Please contact our team at The Sirover Agency, LLC to schedule an appointment.

Difference Between Term And Permanent Life Insurance

When you are shopping for life insurance, it is easy to get confused by the various options available. Buying the wrong type of policy can cause financial disaster and leave your loved ones without proper coverage and financial protection. Life insurance is divided into two types – term life insurance and permanent life insurance. The Sirover Agency LLC, serving Wayne, PA, will explain the difference between these two types of insurance so that you can make the right choice.

Permanent Life Insurance

This type of life insurance is designed to stay in place for the individual’s entire life. A permanent type of life insurance provides death benefits to beneficiaries and can also be used as an investment or savings vehicle. One of the most significant differences between term and permanent policies is that permanent life insurance costs more. 

There are two types of permanent life insurance – universal and whole life insurance. Compared to whole life insurance, the universal type offers a bit more flexibility. It gives you an option to adjust death benefits or premiums within certain limits. 

Term Life Insurance

It is a type of short-term policy. Compared to permanent life insurance policies, term life insurance is quite straightforward. It stays in effect only for a certain period of time, usually from 5 to 30 years. Once the policy expires, you will have an option to renew it to keep the coverage. You can also convert it into permanent life insurance. Term life insurance policies are much cheaper and normally do not cost more than a few hundred dollars a year. 

If you are currently looking for an insurance company to purchase a life insurance policy to protect your beloved ones, The Sirover Agency LLC serving clients from Wayne, PA is ready to assist you. If you still have questions about these two types of life insurance, do not hesitate to give us a call, and our experienced agents will provide you with the information you need. 

What is Umbrella Insurance?

When you’re caught out in a storm, you need an umbrella to protect you from Cleveland, OH to Wayne, PA. That’s where the term umbrella insurance comes from. It’s added protection in the event of a crisis you never expected. We may be able to predict some storms, but not all, especially accidents. Having umbrella insurance gives you maximum coverage at all times. You can add it to your home, auto, or recreational insurance for extra peace of mind. 

Scenarios Where You’d Need Umbrella Insurance

Umbrella insurance works by kicking in when your other benefits run out. For example, someone injures themselves on your property and then sues you. To cover the cost of litigation, you will use your homeowner’s insurance. However, this may not cover the entire cost, at which point your umbrella insurance will kick in. Take another example. You are cruising the lake on your boat when another boater causes an accident and your boat is now damaged. Unfortunately, the at-fault driver doesn’t have any insurance. At this point, you would submit a claim with your boating insurance and if there isn’t enough to cover the damage, your umbrella insurance will kick in. 

Purchase and Umbrella Insurance Policy

To learn more about umbrella insurance, contact the reputable team at The Sirover Agency LLC, serving the Cleveland, OH and Wayne, PA area. We are standing by right now to answer all your questions and concerns, compare quotes, and bundle policies to save on your premiums. You probably already have a number of insurance policies that you can bundle together under one carrier.

The Sirover Agency LLC can be reached online or by phone at 610-240-7700.

What should I think about when picking an auto insurance policy in Wayne?

When you are in the Wayne, PA area, there are many different insurance needs that someone will have. If you have a car in this area of Michigan, one important form of insurance you will need is auto insurance. Several factors should be taken into consideration when you are looking for a new auto insurance policy here. 

Liability Insurance Requirements

One factor that you should consider when looking for auto insurance is your liability insurance needs. Those that are in Pennsylvania need to make sure that they carry liability insurance at all times as it is required by law. When you are looking for insurance, you need to at least comply with the state minimum requirements. However, there are plenty of situations when having more coverage will be a good decision for peace of mind. 

Protection for Asset

Another factor that you should think about when you are picking an auto insurance policy is to consider your asset protection. When you are looking for auto insurance, you will want to get a collision and comprehensive insurance policy to protect your asset. This is a good idea to get if you have a valuable vehicle that you want to protect or have taken out a loan to buy.

Anyone in the Wayne, PA area with insurance needs for their car should call The Sirover Agency, LLC. If you are in contact with The Sirover Agency, LLC, you will receive a lot of support that you need to choose a policy. The team here will help you find a policy by carefully assessing your needs and building a plan around them. 

How often should you review your home insurance

Home insurance is something most people take for granted. You usually get a policy when you buy your home, and after that, the policy renews every year without you having to do anything. While that is the easy way to do things, it might not be the best thing for you. Your home insurance should be reviewed from time to time to make sure the coverage you have is the right coverage. In Wayne, PA, the Sirover Agency, LLC is your independent agency choice. Why settle for only one carrier when you can have a choice of many? 

Things can happen in your life and in your home that affects your insurance coverage. That is why most carriers recommend a yearly home insurance review. That may seem a little frequent, and perhaps it is, but certainly, every other year is reasonable.

Reasons why you may want to review your home insurance:

  • Major home repairs: There are home repairs that increase the value of your home. Adding new siding or a new roof, a room or garage addition, a new kitchen, or a bathroom update are all things the may require a review of the value of your home insurance. 
  • Adding a new pet may require that you increase the liability insurance you have on your home policy. If you put in a pool or a trampoline, these are also things that may cause financial issues if you don’t increase your liability. 
  • If you get a new piece of expensive jewelry, artwork, oriental rugs, or costly electronics, this can all affect the value of your content. 
  • Adding a new security system can make your house safer and save you a little money, so lt is essential to let your insurance company know about them. 

Your life and your home change over time, and your home insurance policy must keep up with you. Call The Sirover Agency, LLC in Wayne, PA to set up an appointment to discuss your needs. 

What are the benefits of getting a life insurance policy in Pennsylvania?

Those that live in the Wayne, PA area are going to have a lot of different insurance needs. One form of insurance that people in this area should get is life insurance. This is a unique form of insurance that can provide very valuable protections to those that get the policy. There are a couple of benefits in particular that make life insurance a good investment. 

Provides Protection to Dependents

One of the main benefits of getting life insurance is that it will offer protection to your dependants. Anyone that has people that depend on their income should make sure their dependents are cared for if they were to pass away. When you get a life insurance policy, you will be providing your dependants with this financial protection. You are able to build and choose a policy that is right for your situation and gives an appropriate level of coverage.

Life Insurance Can Be a Good Investment

When you get a whole life insurance policy, you can also use it as a conservative investment. Those that get whole life insurance will have a portion of their premium payments build up in an account that can be liquidated. This can make it a great addition to anyone’s diversified investment portfolio. 

Picking a life insurance policy in the Wayne, PA area can come with its fair share of complexities and challenges. Since it can be hard to pick a life insurance policy, you should reach out to the team at The Sirover Agency, LLC. When you call The Sirover Agency, LLC, you will receive the personalized guidance and support that you need to choose a life insurance policy. This can help you to pick a policy that adequately protects you and your dependents.

What is Umbrella Insurance and Why Do You Need it?

Think of umbrella insurance like your rainy day savings fund – hopefully, you’ll never need it, but when disaster strikes, you’ll be thrilled that you have it. What is umbrella insurance? It’s quite simple – it’s insurance coverage that kicks in when the maximum coverage of your personal auto, business, homeowners, or boat insurance has already been exhausted. In short, it protects your wallet or pocketbook from expenses that may be too significant to overcome. 

How Does Umbrella Insurance Work?

Keep in mind that the umbrella insurance will cover not just yourself, but also any other members of your family or those living at your home. This means that if you have an elderly parent living in your home and they get into an accident, then you can feel confident that your umbrella insurance will pay for the third parties’ medical bills. Additionally, the accident does not have to involve your property, belongings, or vehicle for umbrella insurance to kick in. 

Is Umbrella Insurance Needed?

Generally speaking, umbrella insurance is a must-have option for anyone that has assets totaling higher than the limits of their homeowners and auto insurance policies. For this exercise, be sure to take into account all of your financial accounts to include retirement, investment, college savings, and others plus the estimated value of any properties that you own.

If umbrella insurance sounds like something you may need or you want to discuss your options, the team at The Sirover Agency, LLC in Wayne, PA is ready to answer all of your questions. Residents of Wayne, PA have been trusting The Sirover Agency, LLC for years, and we want to continue earning your business for decades to come. Give us a call today and schedule your no-obligation consultation.

What Commercial Insurance Does an Online Business Need to Have?

If you have an online business in Wayne, PA, or somewhere around the Tri-State area, you may be wondering what kind of insurance you need.

Just like every other business, online businesses do have liabilities. You want to protect the business from claims of bodily injury, property damage, and lawsuits to succeed and grow. There are several liabilities an online business can acquire. If you aren’t sure which insurance your business needs, an agent at The Sirover Agency, LLC can also help you.

  • Data Breach Insurance: Your online business can be hacked, and customer data can be stolen. Data breach insurance can help cover the costs associated with a data breach.
  • General Liability: Someone may file a lawsuit about something you post on social media platforms or websites. A general liability policy will help protect a business from any advertising or personal injury claims. This insurance policy can also cover legal fees and damages, so it’s crucial for any business regardless of the industry. Even if you run a home-based business, liability insurance will still protect you because home insurance won’t cover any business damages or losses.
  • Workers Compensation: Just because your business is online doesn’t mean you don’t need this insurance if you have more than one employee, even if they are part-time employees. If you do, you are required to have this insurance to cover workers’ injuries on the job.
  • Property Insurance: If you sell products, your products will need to be housed somewhere, and property insurance can protect your inventory along with other items. Home insurance won’t cover any products that are stored at your home, and you will need separate property insurance if your inventory is in your home.

Contact The Sirover Agency, LLC, serving Wayne, PA to get a quote on commercial insurance.