What is Self-Insured Retention?

If an umbrella policy provides coverage for circumstances that are excluded by an underlying policy (such as Personal Injury under a homeowners policy), the insured pays a selected retention limit, typically between $250 and $10,000 which acts like a deductible, and the insurance company pays the loss over that amount.

Additional Advantages:

  • Your Personal Umbrella Liability Policy provides Personal Injury and Property Damage protection:
    • Against libel, slander and defamation of character
    • Against mental anguish or mental injury
    • And while serving on a board, or as an officer of a religious charitable o nonprofit organization as long as it does not involve your business or profession

Since your other insurance policies would pay first, Personal Umbrella Liability insurance is relatively inexpensive in view of the degree to which it protects your lifestyle. The premium is based on the limits selected, your number of autos, residences, boats, etc. and the area where you live.

What is Excess Liability Coverage?

This coverage provides extra liability limits over an Umbrella policy. This coverage typically follows the terms of the first underlying insurance policy.

Higher limits may be necessary for businesses with high loss potential, high profile, sizable sales, numerous assets, large auto fleets, worldwide presence, significant public exposure.

Talk to ALLIANCES INSURANCE AGENCY, LLC today about your business operations and we can advise you what kind of liability coverage you need to protect yourself and your company. Just give us a call at (267) 614-4234 and we’ll help make sure you’re covered.


What is Commercial Umbrella Insurance?

If umbrella policies are good for individuals, then they are imperative for business. When a catastrophic liability loss occurs, an umbrella insurance policy can mean the difference between a business surviving, or not.

The rising costs of lawsuits and judgments are important for today’s business owner to consider. Catastrophic liability losses can happen to any business at any time, and a Commercial Umbrella Policy protects you when those losses exceed your basic liability coverage. The time and effort you have taken to build your business is too important for it to disappear after one unforeseen event. Call ALLIANCES INSURANCE AGENCY, LLC at (267) 614-4234 or email us today about a commercial umbrella insurance policy.

Commercial Umbrella helps you protect your assets by providing liability limits above and beyond your other policies. In some cases, it even broadens your protection. Due to the unpredictable nature of jury awards ALLIANCES INSURANCE AGENCY, LLC recommends that your business insurance program include this coverage.

What Should We Do During a Flood?

If a flood is likely in your area, quick action may be necessary to protect your family and property.

You should:

  • Get information from the radio or television.
  • Move immediately to higher ground if there is any possibility of a flash flood. Do not wait for instructions to move.
  • If you need to evacuate, secure your home and move essential items to an upper floor. Turn off utilities if instructed to do so, and disconnect electrical appliances. However, do not touch electrical equipment if you are wet or standing in water.
  • Do not walk through moving water — it can make you fall. Use a stick to check the firmness of the ground in front of you.
  • Do not drive into flooded areas. If you are caught in your vehicle in floodwater, abandon your car and move to higher ground if you can do so safely.
  • If you have evacuated your home, do not return until authorities tell you it is safe.

What Does Homeowners Insurance Cover?

Broadly speaking, insurance covers you for potential loss resulting from risks such as burglary or theft, severe storms, fire and also your personal liability.

Your home liability coverage protects you in the event that someone is injured on your premises or you are responsible for damage to someone else’s property. For example, if you failed to remove a tree known to be diseased, and it fell on your neighbor’s car, you may be held liable for the damage due to negligence. Note that liability insurance will not cover acts of violence or intentional damage.

Your liability insurance policy would also typically provide coverage if:

  • Your child throws a baseball through the neighbor’s window
  • Your dog bites a visitor to your home
  • A visitor is injured on your backyard swing set or trampoline, or by falling on your icy sidewalk

If a liability claim is filed against you, it may result in your insurance paying for property repairs, medical or funeral costs, or even a lawsuit if the injured party chooses to launch a legal process.

When evaluating the amount of liability coverage that makes the most sense for you, be sure to fully discuss your limits and deductibles with your agent. Take time to understand your risks, and determine whether you will be well covered in various circumstances. In the event of a disaster, the costs of recovering can devastate household finances. Quality home insurance can make a difficult situation bearable and help you get your life back on track.

To find out how to get the best price and value on homeowners for you, call Alliances Insurance Agency, LLC at 267.614.4234

Why Do Most Homeowners Insurances Exclude Coverage for Sewer or Drain Water Backup?

  • Water backup losses are extremely common but preventable with maintenance and preventative measures by the homeowner. Water losses from plugged up toilets and clogged up drains can be prevented or minimized when home owners are observant and promptly repair sticking toilet bowls and clogged, slow running drains.
  • Water systems require periodic maintenance or reinvestment by the homeowner. Over time, every water drainage system becomes restricted with rust, deposits and accumulated debris. Drain fields become saturated and tree roots interfere with drainage. Without preventative maintenance, slow running drains won’t handle normal water flow or plug up completely.
  • Off premises sewage backups can be prevented with the installation of drain backflow preventers that are installed on your drain line. Unfortunately, many older homes did not have these preventers installed.
  • During flooding the water table rises and first causes water backup through sewers and drains. Since “flood” is an excluded coverage, the unendorsed homeowners insurance policy has this exclusion.

Am I covered if water backs-up through my sewer or drain?

Nearly all property forms, including homeowners policies, exclude or restrict water damage caused by the backup of sewers or drains. The provisions vary from company to company but usually read like this:

Section I – Property Exclusions

“Water damage is exluded if caused by water or water-borne material which backs up through sewers or drains or which overflows or is discharged from a sump, sump pump or related equipment.

This exclusion is talking about “overflows” of water from sewers (like out of toilet bowl) and “backups” from drains (like floor drains and sinks). The source of the water or sewage may be “off premises” from a plugged public sewer system or caused by water inside the home that is left on or stuck on which overwhelms a drain system that is plugged or restricted.

Note: Coverage for sewer or drain water backup can be added by endorsement for a small additional premium.

How do I know if I have Adequate Coverage?

A recent study concluded that 69% of home owners are underinsured. Unfortunately, many home owners think they are fully protected and are stunned to find out at the time of loss that their coverage is inadequate.

These records will help you to complete the claims process more efficiently and accurately if you suffer a loss:

  • Compile an inventory of what you own, room by room.
  • Take pictures of your belongings, particularly anything of high value.
  • Keep receipts for all valuable items you purchase, including appliances.
  • Record a replacement value for each item on your inventory.
  • Go over this list with your insurance agent and determine whether you need to purchase additional coverage to be protected in the event of a loss.
  • Place your inventory list, images and receipts in a secure place such as a fire safe.

Getting the right homeowners insurance coverage for your home and belongings depends on many things. Alliances Insurance Agency, LLC can help you find the right coverage at the right price. When you buy home insurance, you are protecting your financial future. Take time to seek good advice from a knowledgeable independent agent. Call us today at 267.614.4234

What are the different Types of Life Insurance?

ALLIANCES INSURANCE AGENCY, LLC can help you select the best life insurance coverage for your needs. There are several different types of life insurance products available – the most common include:

  • Term Life Insurance

Term life insurance provides protection for a specified period of time. If you do not currently have life insurance, term life insurance may be a good place to start. It’s generally less expensive than permanent (whole) life insurance, and is available in varying time periods with fixed premiums from a one year (annual renewable term) to a 20-year (level term) period. Furthermore, term life insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

  • Whole Life Insurance

Whole life insurance is a form of permanent life insurance that remains in force for your entire lifetime, provided premiums are paid as specified in the policy. Whole life insurance can be an investment opportunity, as many whole life insurance policies also build cash value over time.

  • Universal Life Insurance

Universal life insurance is a form of permanent life insurance characterized by its flexible premiums, face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

So what type of life insurance is best for you? Talk with the team at ALLIANCES INSURANCE AGENCY, LLC today at 267.614.4234 and we can assist in identifying the best protection for you.

What are the Advantages of Life Insurance?

Having the right life insurance is essential to planning for your present and your future. Not only can life insurance provide assurance for your family after you are gone, many life insurance options offer other benefits and investment opportunities you can take advantage of while you are living.

  • Advantages of the Life Insurance Death Benefit

When you pass away, your life insurance provides income tax-free money to your named beneficiary or beneficiaries that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need. Your policy can help provide security for your business security as well, by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

  • Advantages of Living Benefits

The cash value growth of a permanent (whole) life insurance policy is tax-deferred, meaning you do not pay taxes on the growth of cash value, unless money is withdrawn. Loans or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

Speak with ALLIANCES INSURANCE AGENCY, LLC today to find out how to protect your family and