Understanding How Umbrella Insurance Can Protect You and Your Family

Protecting your family from unwarranted and unwanted litigation is possible through personal umbrella insurance, a fact that many people do not know. If you are a high net worth individual, there is no reason for you to not have an umbrella insurance policy in your portfolio. The team at Quest Financial and Insurance Services in Twinsburg, OH is here to answer any of your questions relating to personal umbrella insurance and how it can help to protect your family.

How a Personal Umbrella Insurance Policy Can Protect Your Financial Interests

An umbrella policy is a sort of backstop to your primary liability insurance policy. If you or your family is involved in a lawsuit, the coverage and protection provided by your primary policy can be exhausted. If the damages brought against you are more significant than the coverage of your primary policy provides, then your secondary, or umbrella policy, can be utilized to fill the gap. This coverage can mean the difference between having necessary coverage and having to cover litigation damages out of pocket.

Liability cases can be ruinous to families that do not carry adequate coverage because they are often required to cover damages with their funds. When you have a personal umbrella policy in place, your fortune is protected up to the amount of coverage provided by both the primary and secondary policies. It is essential to review your liability coverage to ensure that you are carrying adequate protection.

Interested in learning more about the role that personal umbrella insurance can play in your overall insurance portfolio? Contact Quest Financial and Insurance Services here in Twinsburg, OH to set up an appointment to meet with one of our knowledgeable agents.

Flood Insurance: What Homeowners Need to Know

Most homeowners do not realize that their homeowner’s insurance does not cover damage from flooding until it is too late. You need a separate insurance policy. If you are in Twinsburg, OH, get the help of Quest Financial and Insurance Services to find out the amount of flood insurance you need. Water damage is not necessarily flooding damage. A flood is water that goes as far as two acres or more or affects a property other than yours.

What You Need To Know About Flood Insurance

  • Even though the coverage for property and the structure may be in the same policy, you need to purchase them separately. It pays for the cost of repairing or replacing your property and its contents that may be damaged or lost during a flooding incident. It does not offer protection for landscaping features on your property such as gardens or trees.
  • Homeowners need to know that flood insurance only covers you for damage by water from outside your house. If, for example, there is flooding in your home because of an overflowing toilet or poor plumbing, your flood insurance won’t compensate you. It does not offer protection if your swimming pool overflows.
  • Your flood insurance policy does not cover your documents, valuable metals, or money. If you have made improvements in areas underground such as your basement, your flood insurance does not cover them. It does not cover the structures or the contents there.
  • If your home gets damaged by floods and you have to seek alternative accommodation, your flood insurance does not pay for the additional living expenses. If your home serves as an office, it does not pay for business interruption.

Contact Quest Financial and Insurance Services in Twinsburg, OH to discuss your new flood insurance quote and the options available.

How Can Life Insurance Affect Your Student Loan Debt?

Most students graduate with debt, and life insurance isn’t always the first thing on their minds. At Quest Financial and Insurance Services in Twinsburg, OH, we write quotes for life insurance. Life insurance policies can help pay for student loan debt if you die before clearing it and help your loved ones with the leftover costs. This takes the burden off your spouse or parents.

Most loans discharge in the event of death, but private loans do not. It is, therefore, advisable for those with a significant amount of student loan debt to take a life insurance policy. Permanent life insurance policies are usually large, so they may be enough to cover massive debts. You should name whoever cosigned on your private student loan as a beneficiary so that they won’t have to repay your loan for you. If you have a spouse, you should name them as a beneficiary too.

The chances of a young, healthy person needing life insurance are pretty low, but it is best to be prepared. Term life insurance can be a good option if your debt isn’t that much and you are looking for an affordable option. It can replace your earned income until your family is able to cover the monthly loan repayment costs. You should choose the length and coverage of your term life insurance considering the amount of debt you have and the amount of income you need to replace it.

You should get the help of an insurance agency such as Quest Financial and Insurance Services in Twinsburg, OH, to get a comparison of the different rates and companies in your area. This will make it possible to find the most appropriate coverage and keep you from wasting your money. Getting reliable coverage will keep your policy from relapsing. Contact us for more information.

Is Home Insurance Required In Ohio?

People planning to relocate to Ohio usually ask if home insurance is required in Ohio or not. The answer is straight. Home insurance is not required in Twinsburg, OH or anywhere else around the state, but it is a smart decision to make. The truth is, when you consider the importance of home insurance, you should never buy a home without one, even if it is not mandatory.

If you are a regular working American, it is not likely that you will be able to pay for a home in Twinsburg, OH upfront. Most loan providers will not approve your home loan without home insurance. They provide up to 80 percent of the cash needed and home insurance is a way to secure their investment.

Quest Financial and Insurance Services can provide insurance that will prevent the unpredictable from causing financial havoc to your home while appeasing your lender in the process. So, it is not just an option but a necessity to protect your home from accidents, thefts, natural disasters, and other unforeseen incidents.

Imagine having your home completely raised by fire? Without insurance, you may never get over it, especially when you still have many years to pay up. You may not see the results from your insurance right away and that is why some people prefer to shy away from home insurance. The point is to be prepared when the unexpected happens. So, whether you may use it or not, home insurance is necessary and it is in your interest.

A home insurance policy will also protect you from liability incidents that may happen on your property or in your home. It can handle medical bills for injured guests and help with court fees in the event of a lawsuit. There are many uses for a home insurance policy and the agents of Quest Financial and Insurance Services in Twinsburg, OH can help.

Contact us

Reach out to our offices to receive a quote on home insurance and learn how to get started. We can help prepare your Ohio home for the unexpected.


What is Errors and Omissions Commercial Insurance?

Ohio state law does not require companies to carry commercial insurance, but it is a decision many business owners decide to make. This is because it can provide indemnity against a variety of situations, keeping firms from losing money when unforeseen circumstances occur. Errors and Omissions insurance can sometimes be a part of your commercial insurance, depending on the type of service or product you are offering. 

What is Errors and Omissions Commercial Insurance?

E & O insurance is there to protect Twinsburg, OH residents in instances where mistakes are made. This can include oversights by staff, management, or business owners, and it can cover things like the advice given that leads to problems for your clients. It can also protect you from incurring costs related to typos that may lead to an incorrect sequence of events, for example, if a wrong shipping date was keyed in somewhere. 

E & O insurance, in many instances, is a requisite for certain contracts, meaning that clients may choose to only do business with those who have this coverage. This can especially be true when negotiating large jobs that involve large sums of money. For a claim to be covered, you must have both had the coverage at the time of the incident and when the claim was filed. Certain professions may be required to carry E & O insurance, and your insurance agent can go into more detail about this with you. 

Quest Financial and Insurance Services is Here to Help

Contact us at Quest Financial and Insurance Services, and we will be glad to answer any questions you may have about errors and omissions commercial insurance. We serve customers living in and around the Columbus and Twinsburg, OH region, and we look forward to doing business with you. 

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.