How the Rising Injury Claims Affects Renters Insurance

Coming home to find your precious belongings stolen or damaged in a disaster is perhaps the worst nightmare any renter can experience. While your landlord can cater for repairs on the physical structure of the building, your personal belongings are your sole responsibility. Fortunately, Quest Financial and Insurance Services offers affordable renters insurance policies for Colombus and Twinsburg, OH residents to help you cover these unforeseen losses.
 
Rising Claim Rates for Renters Insurance
 
According to statistics from ISO, about 5.3 percent of insured homes made claims in 2014. Property damage, including vandalism and theft, amounted to 97.3 percent of these claims. This rising number of claims has pushed insurance companies to adjust their renters’ insurance rates over the last three years. However, your location still plays a significant role in the amount of premium you’ll pay on your renter’s insurance. High-crime areas pose a greater risk, hence higher premiums. Areas prone to natural disasters like windstorms may also attract higher premiums.
 
Does Making a Claim Affect my Rates?
 
When you file a homeowner’s insurance claim, your insurance provider is likely to increase your premiums. That’s why many renters often avoid making insurance claims for minor losses for fear of paying more on their renter’s insurance premiums, which is a big misconception. The Claims Loss Underwriting Exchange is a national database that helps insurance companies to check the insurance eligibility for new applicants and determine their rates. However, renters’ insurance providers don’t often report to CLUE. The body only tracks claims made from auto and homeowners policies. That means that as a renter, you shouldn’t worry about making any insurance claims since your records will not be reported to CLUE, meaning that your claim history will not affect your premium rates.
 
Are you looking for a reliable renter’s insurance policy in Colombus or Twinsburg, OH, or the surrounding areas? Look no further than Quest Financial and Insurance Services. Our experienced agents are always on standby to answer any queries you may have concerning renters insurance. Give us a call today or visit our Twinsburg, OH offices.

If Your Motorhome is Being Stored, Can You Drop Motorhome Insurance?

At Quest Financial And Insurance Services, serving the Columbus and Twinsburg, OH area, we are often asked a variety of insurance-related questions. We do our best to answer all of these questions for our clients so they are informed about insurance products and services. One of the questions that we are frequently asked about motorhome insurance is whether the insurance can be dropped or paused when the motorhome is not in use, such as when it is being stored.

Can I pause my motorhome insurance?

You cannot and should not drop your motorhome insurance policy or allow it to lapse simply because you are not currently driving or using the motorhome. Your motorhome insurance policy does far more than cover your motorhome when it is being driven on the road. 

Insurance helps to cover your motorhome against theft, vandalism, and other forms of damage that can occur even when your motorhome is parked or is being stored. If you drop your policy and your motorhome is stolen, or a vandal breaks out the window, you will be left uncovered and have to pay the damages out of pocket. 

Additionally, if you have a loan out on the motorhome, you are required to carry full coverage at all times. If you drop your insurance, the lender can repossess the motorhome. As such, it is essential to always have insurance on it. 

Having the right motorhome insurance is essential. If you are looking for a professional to review your policy to ensure your coverage levels are correct or if you are looking for a new policy in the greater Columbus or Twinsburg, OH area, Quest Financial and Insurance Services is ready to assist you. Call us now to schedule an appointment to sit down with one of our agents and discuss your insurance needs. 

RV Insurance Coverage Options for Ohio

RV insurance protects recreational vehicles against damages and losses caused by common risks like accidents or theft. Other than liability, collision, and comprehensive coverage, you can take up a wide range of additional protection for your RV to protect your personal belongings on board, attached accessories like satellite dishes and awnings, and much more.

Quest Financial and Insurance Services offers the following RV coverage options in Twinsburg, OH:

RV Liability coverage

It is mandatory for every RV owner in Ohio to carry some level of liability coverage. It’s also known as property damage/bodily injury coverage and covers for accident-related expenses as a result of personal injury and vehicle damage.

RV Collision coverage

Collision insurance caters for damage to your RV if you’re involved in an accident with another vehicle, whether you’re at fault or not. This coverage also covers rollovers for your motorhome or RV. It may be a requirement for leased or financed RV.

RV Comprehensive coverage

Comprehensive coverage takes care of non-collision damages to your RV, including loss due to vandalism, fire, storm, theft, falling objects, weather, and losses from animals as well as much more.

RV Underinsured/Uninsured coverage

Uninsured motorist coverage will protect you from damages caused by an uninsured driver. It’s often paired with underinsured coverage that offers additional coverage if you’re involved in an accident with a driver with inadequate coverage to pay for the damages following an accident.

RV Roadside Assistance

This coverage option helps motorhome and RV owners with flat tires, towing, and jump starting. It may also cover for trip interruption expenses you may incur when your RV develops problems more than 50 miles away from your home.

Other extra coverage options for RVs may include labor and towing coverage, awning replacement, vacation liability coverage, and RV safety glass replacement. At Quest Financial and Insurance Services in Twinsburg, OH, we offer affordable RV Insurance coverage options to protect your precious RV from various risks. Talk to us today and find a coverage that suits you.

Tips for Pre-Winter Motorcycle Riding

Autumn in Columbus, OH is a time when the warm climate has changed, the days grow shorter, and the colors of the season are everywhere. It’s a pleasant time for motorcycle riding before getting your bike ready for winter hibernation. Although, the weather as of late seems as though winter is already upon us.

Here are some important tips to keep you safe while you enjoy those last few rides before winter.

  • Watch for piles of leaves on the ground because to a motorcycle rider, they can be dangerous. Piles of fallen leaves can cover potholes or potential hazards on the road. Leaves with moisture from rain or dew can create an unexpected slick surface. Leaves on the road are best to be avoided.
  • Before winter is in full effect, it is a time when deer are more active around roadways as they migrate searching for food and avoiding hunters. Be sure to wear protective gear and stay alert to deer traveling, especially at dawn and dusk when their movement peaks.
  • If you’re traveling, make sure to have extra layers of clothing and rain gear because the weather is unpredictable. You do not want to be stuck with an unexpected mechanical problem or in unanticipated wet weather and be underdressed.
  • Chilly fall nights bring morning frost. Use caution when traveling in the early mornings because that thin layer of frost can cause you to lose traction.
  • It is the perfect time to wear your leathers. Not only do they protect you from wind, but they also allow you to enjoy the crisp, cool air in comfort. No one enjoys a cold ride.

Quest Financial and Insurance Services

Quest Financial and Insurance Services is a locally owned and operated insurance agency providing insurance to those in the Columbus and Twinsburg, OH area. Contact a Quest agent today to discuss your motorcycle insurance coverage for the coming year.

Do Older Model Boats Need Insurance?

If you have a boat, you may be wondering whether or not you need to keep it protected with insurance. The truth is, the answer to this question is quite simple — yes, it is wise to keep insurance on your boat, even if you take it out on the water only once a year. If you have an older model boat, you may think that insurance is not all that valuable, but it is. Let’s take a closer look at why you should keep insurance on your boat regardless of its make and model.

Is boat insurance required by law?

In some states, boat insurance is required by the law. If you are keeping your boat stored at a marina or docked in the summer at a marina, then insurance is most likely mandated by the marina owner. The importance of having this type of insurance should never be overlooked. You never know what could happen and have this type of insurance can save you thousands of dollars. In Ohio, boat insurance is not required by state law. Talk to your Quest Financial and Insurance Services agent in Twinsburg, OH to learn more about boating laws in your state.

Why is boat insurance important?

Let’s say you get out on the water, and something happens that your boat ends up sinking. Sure, your vessel may have been 20 years old and not worth that much money, but once it goes under, it is then your responsibility to have it removed. The cost of having a diving team rig up your boat and extracting it from the water can cost thousands of dollars. With boat insurance, you can have peace of mind in knowing you are adequately covered.

To learn more about boat insurance and whether or not you need a policy, contact Quest Financial and Insurance Services serving the Twinsburg, OH area. 

Why is Umbrella Insurance Important?

Many of our customers in Twinsburg, OH assume a standard insurance policy will protect them from any and all liability claims against their home or automobile. The truth is, there are some circumstances that your basic insurance may not cover.

It’s these situations where an umbrella policy can truly become your safety net. Quest Financial and Insurance Services has put together this handy fact sheet to help our customers understand the importance of umbrella insurance!

What Does an Umbrella Policy Cover?

This type of policy provides coverage beyond the limit of your basic home, auto, or renter’s insurance. If you are found liable for damages or need to pay legal fees for a claim filed against you, these costs can possibly amount to more than what your standard insurance policy covers. Once the limit is reached on your standard policy, your umbrella coverage can be activated to cover the remaining cost.

Why is Umbrella Insurance Important?

Without this coverage to protect your assets, you could pay out-of-pocket for damages in claims against you. If you do not have enough insurance coverage, your valuable assets become exposed and you could be required to exchange them to pay off a settlement.

Even if the case is ruled in your favor, you may still have legal fees to pay that are in excess of your standard policy limits. Many unfortunate people have faced financial ruin because they did not have enough liability coverage!

We Can Help!

Quest Financial and Insurance Services is now serving Colombus and Twinsburg, OH residents who are interested in umbrella insurance coverage! Contact us today to learn more about the types of umbrella policies we can offer you, and how we can help keep your future financially secure.

How likely is a flood in Ohio?

Being towards the Northeastern corner of the country, Twinsburg, OH might not be in as much danger as New Orleans, Florida, or certain parts of Texas when it comes to flooding. This isn’t hurricane country, and when a tropical storm hits Ohio, it’s usually been softened on its way North.

How Likely Is Flooding In Ohio?

One of the dangers of flooding in Ohio is that we don’t expect to see it happen all that often, but it does happen. This means that people don’t always know to prepare for the possibility of flooding. They go uninsured and wind up without anything to fall back on when it hits. For the record, we’ve seen extensive flooding in both 2017 and 2016. Most people do not realize that a home insurance policy does not typically cover flooding either.

How Dangerous Are Ohio Floods?

In 2016, Ohio reported zero flood-related fatalities. Unfortunately, the state did see extensive damage to homes and automobiles. By the time a flood hits a town like Twinsburg, OH, it’s usually long after the residents have had fair warning, and the waters are not always severe enough to create a serious risk to life and personal safety as long as you take some precautions. You can’t evacuate your house to the next county over, so it’s a good idea to hold a reliable flood insurance policy with Quest Financial and Insurance Services.

You might never see a flood anywhere near your home in Ohio, but the state is hardly flood-proof. If you’re not covered, give Quest Financial and Insurance Services a call and see about getting insured against flood damages. Insurance isn’t about what hasn’t happened; it’s about what could happen.

How Often Should You Talk With Your Life Insurance Provider?

When you take a policy out through Quest Financial and Insurance Services, you haven’t exactly crossed the finish line just yet. In fact, as long as you are attached to a life insurance policy, you will want to make sure to do periodic check-ins on the details of your plan. Here are a few of the scenarios where you’re going to need to talk with your insurer:

Changes in the Family

If your son just won the lottery, he might not need the generous portion you had allotted to him. If you have a new wife or husband, you need to make sure that they are included in the policy. If your niece just had a child, you may want to make sure that she has something to help her along the way. These are a few examples of changes that may need to be made with a life insurance policy.  Make sure that your policy is up to date with your current financial goals for your loved ones.

Changes in Finances

If you’ve recently come into a little extra money and you want to upgrade your policy, don’t wait on it. The sooner you can beef up your plan, the better.

Investment Check-ins

If your Colombus or Twinsburg, OH life insurance policy relies on investments to pay out to your family, it’s worth checking in now and then just to make sure that you’re happy with how your provider is investing your dollars.

Once a Year Just to Check In

Finally, you’ll want to check in once a year to make sure that everything is up to date. Go over your policy, and if you have any questions or need to change anything, give our Twinsburg, OH office a call at Quest Financial and Insurance Services.

Tips to Secure Your Home this Summer

Summer is a time for playing volleyball on the beach, water skiing at the lake, and picnicking in the park. Whenever you leave for a fun day, you should make sure that your home is safe and sound. The Twinsburg, OH agents at Quest Financial and Insurance Services want to share a few tips that will keep your home secure while you’re out having fun.

Limit Garage Access

Your garage is where you store your car, lawn equipment, and work tools. In addition, it is a direct link to your home. When you leave for the day, don’t forget to leave the garage door down. If you have a garage door opener in your car, don’t leave your windows open. It would be easy for an intruder to access your vehicle and then enter your home.

Keep Your Windows Sealed

Having an air conditioning unit in the window may be less expensive than central air, but this could be a mistake. An unsecured unit on the first floor could give an intruder easy entry into your home. Think about putting the window unit on the second floor or using fans during the summer. Remember not to leave windows open at night. The cool air may feel good, but this allows easy access for burglars.

Minimize the Overgrown Shrubbery

Allowing shrubs to grow beneath your windows can add beautiful landscaping features, but this can also give outsiders a place to hide while peering into your home. Keep the shrubbery low or remove it altogether. You could also install landscape lighting. This is a great security measure and it will also give your home a wonderful glow in the evening.

Find the insurance agents at Quest Financial and Insurance Services in Twinsburg, OH for an update on your homeowners insurance. You can also get other coverage information such as auto, life, and commercial insurance policies. Our agents are here for your questions and concerns.

Is Injury Insurance Necessary For Your Business?

As a Twinsburg, OH business owner, you need to take out some type of injury insurance to protect yourself against serious lawsuits. Let our experts at Quest Financial and Insurance Services explain why this is so necessary for your protection.

What Is Personal Injury Insurance?

Personal injury insurance is known as professional liability coverage. It provides you with protection in instances when someone gets injured as a result of your business. While most common with people such as lawyers, accountants, and doctors, it can be beneficial for any business.

What It Covers And How It Helps

Professional liability insurance will cover you against claims of negligence by helping to cover legal costs during a lawsuit. It also helps cover certain elements, such as personal attacks like libel or slander, during these types of lawsuits.

However, it can also help provide you with wages for temporary employees and even covers many punitive damages that may be claimed against you in a lawsuit. In this way, you are protected from losing too much money.

Major Benefits Beyond Lawsuit Protection

While the biggest benefit of personal liability insurance is the way it protects you from lawsuits, it also has many other benefits. For example, you can also get a reimbursement of lost earnings while you work on the lawsuit and struggle to protect your business from these claims.

However, it also helps offer you assistance before any claims occur as a way of protecting you from what can be an inevitable situation. This helps keep you in the loop and prevents you from monetary loss.

So please contact us at Quest Financial and Insurance Services if your Twinsburg, OH company is suffering from a personal injury lawsuit. We can provide you with high-quality insurance that will protect you from damages.