Mitigate the Risks with an Umbrella Insurance Policy

You have probably heard about the importance of umbrella policies. There are very many options you can choose from that are specific to your various needs. There are also many advantages to choosing an umbrella coverage. It is imperative for anyone weighing his/her options to understand what a particular coverage entails. Other insurance policies do not cover some possible threats, and it is equally important to find out what is covered and what is not. The following are some of the risks that an umbrella coverage addresses with a policy from Wasatch Preferred in Sandy, UT.

Personal injury from recreational activities

  • While this may seem unlikely to some, there is a chance that someone may be hurt in your premises. This injury will make the property owner (you) liable. This also includes any property damage or any other loss that might be experienced from amenities such as swimming pools, hot tubs, and trampolines.

Legal fees

  • In any case, in which you are required to defend yourself, an umbrella policy can cover your lawyer fees.

Auto vehicle liabilities

  • Some accidents are very costly, well above your liability limit. Hence, this is especially resourceful when there are higher chances of such damages like having a young driver on your policy.

Rental property hazards

  • An umbrella policy will also protect any rental property you own. Just like your home, your rental property can give rise to costly accidents that you shall be held responsible for.

In essence, an umbrella coverage offers extra protection beyond other policies you own. Thus, if you are looking to protect your assets, finding more information on umbrella policies in Sandy, UT is imperative. Wasatch Preferred is an ideal place to start when seeking to increase your protection.

5 Signs You Need Life Insurance Now

Life insurance isn’t an enjoyable thing to think about, but the longer you put it off, the worse it will be. Even those who are sure they do not need life insurance may want to think again. Wasatch Preferred wants the people of Salt Lake City, UT  to have the full story of how it all works. 

Someone Depends on You 

  • Whether it’s your kids, your spouse, your nieces, or your parents, there are probably a few people in life who rely on you. Having life insurance is the best way to ensure those in your life are covered. 

You Just Graduated 

  • When you graduate from college, your whole life is ahead of you. This is a great time to not only plan for the future but also to lock in affordable rates while you’re young. 

Retirement Is Close at Hand 

  • Life insurance is not only a way to provide you with comfort about what will happen in the future, it’s also a good way to prepare for the present. Life insurance can often be used as a smart means of budgeting your funds and investing. 

You Bought a Home 

  • Buying a home is a major purchase, and one that needs more than just home insurance. Life insurance can pay all the regular bills and maintenance fees that may pop up after an event, so the house stays standing. 

You Want Security 

If you don’t feel as though you have back-up plans for what’s in store for you, now is the time to call Wasatch Preferred. We can help you decide if the time is right for you to get a policy. Let us do the work. If you live in Salt Lake City, UT, give us a call today! Our agents can answer your questions and help you get started.

Broken Windows and Failing Foundations: How Home Insurance Can Help

When something happens to your home, it’s typically a public thing. Most people can see a broken window or identify a housing structure that doesn’t look completely stable. Normally, people associate these types of things with run-down neighborhoods, but that’s not always the truth. If everyone recently went through a storm in Sandy, UT for example, then you might see even the nicest homes looking a little worse for wear. Wasatch Preferred knows that home insurance is what makes it easier to get your residence back up to par.  

Giving You a Helping Hand 

Insurance won’t be able to take care of all of the details for you if you’ve suffered from an event under your policy, but it can most certainly help with a lot of them. When you have the financial help you need, you can start getting your home back in order a lot faster than if you were responsible for everything on your own. Along with dipping into your savings, you also have to be weary about who you hire. The wrong contractor can end up making your home worse instead of better, which can lead to financial headaches for many years to come. 

Looking for Help 

Wasatch Preferred is here for the residents of Sandy, UT and as far as Phoenix, AZ in both the good times and the bad. Whether the weather is bright and sunny or storm clouds are rolling in, we want everyone in the city to stay safe under their roofs. Give us a call today if you think you may need more coverage, or if you just want to ask us a few questions about what happens during the claim process. We can tell you what different sections of your policy mean in the real world. 

Types of Commercial Insurance You Need to Protect Your Business

Business owners face difficult and unique circumstances that require specialized insurance tailored to their needs. Commercial insurance policies protect small and large businesses from unexpected events, including items dealing with liability and property damages. In Sandy, UT, Wasatch Preferred offers a variety of commercial insurance options for you to choose from for your business.

Types of Liability Coverage

  • General Liability Insurance – also known as Commercial Liability Insurance can be useful if someone is hurt or injured as a result of your business operation. For example, if a customer slips on a spill in your store, you may be liable for the cost of damages.
  • Product Liability Insurance – allows companies that manufacture products to feel secure if their products are defective and cause injuries to customers or clients. If airbags deploy unexpectedly, the auto manufacturer could be at fault. Product liability ensures that the manufacturer could be covered in this example.
  • Professional Liability – is insurance that includes companies who provide services. Protection could include claims made for negligence, malpractice, or errors.

Additional Coverage for Your Business

Commercial Property Insurance involves damages to your business property. There are two types:

  1. All-Risk – covers all damages except those that are specifically listed on the policy.
  2. Peril Specific – covers everything that is actually listed on the policy. Some examples that could be named in a peril-specific policy include fire, theft, and vandalism.

When you run a business from your home, Home-Based Business Insurance is a good option. Your homeowner’s insurance may not necessarily cover losses for a business-related property.

Talk with the professionals in Sandy, UT concerning your commercial insurance policy. Wasatch Preferred independent insurance agents can help your business succeed by modifying your current policy or beginning a new one to suit your needs. Give us a call or visit our office today!

Buying More than the Minimum Auto Insurance: Protecting Your Entire Lifestyle

Whether you’re buying a brand new car or one that is new-to-you, in Sandy, UT the law only requires that your auto insurance meets minimum liability standards. It might be an affordable means to get your ride on the road, but should you have an accident, that insurance provides little protection for your savings account and lifestyle. Wasatch Preferred doesn’t want you to be uneducated when it comes to your auto insurance and what coverage is best for you.

Minimums Cover Just the Basics

If you are at fault in a fender bender, the minimum coverage will pay for repairs to the other vehicle and even an emergency room visit for the other driver’s bumped elbow. This doesn’t do anything for your vehicle. Even a minor repair will set you back a couple thousand dollars. If the other guy is driving a luxury sedan, it’s possible that your insurance won’t even take care of the fix to their car.

Comprehensive and Collision Help You Stay in the Game

When you add collision and comprehensive coverage to your policy, damages to your vehicle can be fixed when you pay a minimal deductible. When you have an unfortunate incident, which happens to everyone at some point, you won’t have to empty out your savings account to get your car back on the road.

Increase Your Liability Coverage and Leave Worry Behind

Medical bills have a way of skyrocketing when somebody gets seriously injured. When you raise your liability coverage, your insurance is able to cover the costs of surgery and expenses, instead of passing those costs along to you. Your children’s college funds or the family vacation savings can stay intact. It certainly removes some of the stress involved when you are in a major traffic incident.

Talk to our agents at Wasatch Preferred about all the options for your Sandy, UT auto insurance coverage today. You can also visit our website to try our online rating tool for all your auto insurance quote needs.

Look At Where You Live Before Deciding On Home Insurance Additions

While living in Sandy, UT, you may assume you need the exact same kind of insurance as your neighbor or friend who lives on the other side of town. This, however, is not always accurate. While you might live in the same city and experience the same weather patterns, it doesn’t mean your house will experience the same potential problems as other homeowners. At Wasatch Preferred, we want to make sure you have the right home insurance additions to protect your investment. 

Local Geography

Consider the local geography around your home. If your house is at the base of a hill, it likely will experience more water runoff when the snow melts or during heavy rains. This can lead to flooding. Another thing to look for is tall trees in the area. They increase your chance of branches breaking off and damaging the house.

Nearby Parks and Golf Courses

Homes near parks are more susceptible to misplaced balls and sporting equipment damaging the house. Always consider what is around your home when making insurance decisions. 

Individual Neighborhoods Matter 

Individual neighborhoods can play a role in not only the kind of home insurance additions you need but the cost of your insurance altogether. Neighborhoods with higher crime levels may require you to look at additional insurance, or at the very least, security measures in order to offset the potential cost of your home insurance costs.   

Your home may be the most valuable investment you ever make. You need to protect it with the right home insurance additions. By considering where you live in town and what is in your surroundings, you’ll be able to determine what kind of insurance is right for you. At Wasatch Preferred, we are here to assist you in making these decisions for your Sandy, UT home. Give us a call or visit our offices to get professional help from any of our friendly agents.

Is It Okay to Freeze Your Auto Insurance?

One of the worst things you can do when it comes to auto insurance is to not have it. Yes, you read that right. It is better to keep a policy with a minimum coverage amount than to not have one at all. Now, this simply isn’t possible because you may not have a vehicle to insure, but if you can, you should keep a policy on one for as long as possible. Wasatch Preferred in Sandy, UT has some commonly asked questions when it comes to not having insurance for your car that we are here to answer:

What happens when you don’t have insurance on a car? 

When you don’t have an auto insurance policy on a car in Utah, this reflects poorly on your quotes. The longer you have gone without insurance, the higher your premium will likely be. Shopping for quotes means you will have to answer several questions, with one of them being if you already have an existing auto insurance policy. You want to be able to answer ‘yes’ to this question. 

Is there a way to freeze auto insurance?

Yes, there is a way to freeze auto insurance in Utah. This means you are able to keep the policy on a car without it being active. What does this mean? It means you will not drive the car, nor will you have any type of coverage on it if you do decide to drive it and get involved in an accident. Freezing the policy, however, means that you will not have a lapse in coverage, which reflects well on you. Freezing a policy will help ensure your rates don’t go up if you have to go through a period of time in which you don’t actually need insurance. 

To learn more about freezing your auto insurance, contact Wasatch Preferred serving the Sandy, UT area. Also, try our online rating tool to find quotes from home on your auto insurance.

Saving Your Investment: How Home insurance Keeps Your Property Valuable

Whether you plan to sell your property at some point or keep your home within the family, it will require constant maintenance to keep your investment valuable. It’s a lot of work, but you’ll see the return regardless of whether you stay or go. And home insurance can end up being a big part of how you can protect your property, so see why you may want to give it more attention.

The Dangers in Sandy, UT 

Wasatch Preferred has seen plenty of accidents that have happened throughout the years, and we know that there’s nothing worse than being ill-prepared. But much of the real value comes from keeping a home looking great throughout the years — and that’s exactly where we come in. Home insurance means that defects will get fixed quickly, ensuring there’s no water damage or deterioration that comes from extended exposure to the elements. Just one crack in the structural features of the home can spell out major damage if it’s not taken care of, as well as falling home prices on the street if the property looks like an eye-sore.

Keeping Your Home Safe 

Wasatch Preferred serves the people of Sandy, UT, and we’re ready to serve you too. If you’re looking to do everything possible to protect your home, then you may want to look at your current coverage. Many people need more protection for both their property and their possessions without realizing it. We want you to be able to cover not just the major catastrophes, but all the repairs that may arise in the years you live there. Give us a call today if you want to find out more about our rates, agents or policies.

5 Crucial Considerations for Homeowner Insurance

There are different styles of homes and several different types of homeowner’s insurance policies and options.  You want to make sure all major perils are covered to protect your home investment in the Sandy, UT area.  Here are 5 crucial considerations for you to keep in mind when you are looking for a homeowner insurance policy.

Items to Consider

  •  It’s important to insure your home for 100% of the replacement cost to play it safe in case your home is a 100% loss.  Do not include the cost of the land, only the cost of replacing your home.  You may also want to consider an inflation guard option to keep up with the cost of rebuilding your home.
  • Insurers often cover the contents of the home for 50% to 75% of the home’s value.  You can make an itemized list of the contents for a more exact estimate of replacement value.
  • Ordinance-and-law coverage is a rider designed to cover the costs of bringing your home into compliance with current building codes.  This coverage can be important if your home is older than a few years.
  • There are certain events that a homeowner’s policy may not cover, such as flood or earthquakes.  Make sure you review the policy with an experienced agent to see if you are covered or if you need to purchase separate coverage for any specific events.
  • Most policies provide standard coverage for personal property in the home.  If you have expensive items like jewelry, antiques, collectibles, firearms, or other items of high value, you should consider extra coverage for these.

Wasatch Preferred

Figuring out the right homeowner insurance policy can be stressful.  To help relieve this stress, work with one of our friendly and experienced agents from Wasatch Preferred, Sandy, UT.