Personal Insurance

You can’t watch TV or surf the internet without seeing a commercial for auto insurance.

Companies like GEICO, AllState, and State Farm spend billions, BILLIONS of dollars to get your attention. They want you to buy their insurance through their website and save time. Sure, it is convenient and you may save money… but are you confident in that coverage without the care and knowledge of our team at Hatoway? Decades of experience has taught us the pitfalls to look out for and keep your family, business, and assets protected!

There are so many coverages that can be offered on an auto insurance policy, the most important one being the protection of your liability followed by coverage that protects your car. Then we evaluate the coverage that protects you if your hit by an uninsured driver. Leaving these selections to a website or virtual agent can be dangerous.

At Hatoway Insurance Partners we can show you the ins and outs of auto coverage and provide you added value by recommending and explaining additional optional coverages. 

Having typical homeowners insurance may not be what your family and home need.

We find everyday policies written for families in our community that don’t provide the correct coverage for their homes and lifestyles. For example, many people in Central Indiana have basements. Did you know that you must have an endorsement called Water and Sewer Backup to protect water in your basement? And did you know that coverage limit also needs to include the personal property damaged by the water?

 

Homeowners insurance is a complex set of coverages meant to protect the insured’s physical home, their personal belongings, their personal liability, and other structures they have on the property like a pool. Many homeowners policies are written with standard coverages and a true review of the insureds needs are not taken into account.

 

Our agents at Hatoway Insurance Partners want to discuss your lives and the hobbies your family enjoys. We want to make sure your homeowners policy is written correctly and protects you at your time of need. God forbid something like a fire will ever damage your home, but if it does our agency wants to stand with you. We want you to feel secure that everything is going to be ok and know the insurance policy you purchased will provide the right coverage to help put things back.

Protect you condo inside and out.

Condo owners rest easy we are here for you.

Many condo owners we talk to are over insured. Their agent or the online carrier they purchased their insurance from didn’t take the time to discuss the situation. The policy purchased is a standard homeowners quote meant to protect the whole structure. And in some cases cost 50% more than what is actually needed. In many cases the condo owner is only responsible for refinishing the interior of the condo.

 

Not all condos operate the same. 

Some associations protect the exterior of the condo, but not the roof or the windows. Some associations protect the whole structure and the condo owners have to only protect their belongings and personal liability. It is important to have a discussion with one of our knowledgeable agents. We will take the time to understand your situation and walk you through what your policy needs to protect. Being over insured is better than underinsured, but why pay more for insurance if you will never be able to use it. Talk with an agent that cares and wants the best for you.

 

A unique relationship with your condo association.

Generally, the condo association charges dues that they use to purchase a master condo policy. The master condo policy is meant to protect the structures within the association. In other words the master policy will rebuild the shell of the building stopping at the studs. Then, the individual condo owners policy would take over and finish the interior of the condo.

 

Renters Beware! We see a scenario that happens way too often with apartments and rentals. Fire. 

If a fire damages your apartment and you don’t have a renters insurance policy here are the problems that might arise:

1. Your belongings are destroyed. No Clothes, no furniture, no personal items. 
2. If you stated the fire accidentally the apartment complex may hold you liable for the damages and expect you to pay for them. They could sue you and begin to garnish your wages.
3. Someone visiting your apartment gets hurt in the fire and they expect you to pay for their medical bills.

Renters insurance or tenant insurance is one of the most underutilized insurance products out there. A renter’s policy becomes only dollars a month after discounts to the auto are applied. Many people who rent don’t feel they need insurance. Or worse, they believe the landlord will provide them coverage in a claim. Unfortunately, that is not the case. Your personal belongings and your liability are your responsibility.

Disasters happen. Unfortunately, disasters don’t discriminate to just those who own a home. Contact us about your situation. It sounds like an over dramatic representation, but these things are true and have happened to our clients. It’s a quick conversation with one of our agents. We’ll do all the insurance shopping for you.

What is an umbrella insurance protection policy?

These questions are important ones. In our opinion everyone needs an umbrella. Our society has become a litigious one. Lawsuits are filed every day. Some are valid. Some are not. But the costs remain the same. An umbrella policy or excess liability policy is designed to provide additional coverage over the top of an individual’s underlying insurance policies. Meaning, an umbrella would fit over the top of your auto and homeowners policies. It could also fit over your boat, motorcycle, or even RV policy as well. It provides coverage in situations where the liability limit of the underlying policy has been exhausted due to costs related to the claim. Those costs could be medical costs for those injured, attorney fees, defense costs, damage assessments, pain and suffering for those injured, and court mandated settlements.

Why do we recommend umbrella policies?

We want our clients to be able to withstand a large claim without the fear of losing their homes or other assets to a bad claim. The reality is umbrellas are very low-cost policies but can provide so much coverage. Its important you talk with our agents. Talk about the risks you might have or the risks that may surprise us in life. Make sure you’re covered. Join our family and have the peace of mind you and your family are protected from life’s crazy happenings.

Make sure your family’s lifestyle is protected.

Flood coverage has changed dramatically. Many homeowners’ policies did not any type of flood coverage. Now, our carriers are offering limited coverage for those clients who want to protect from a freak flood that could damage their homes, but don’t believe they will have a large exposure. Those clients whose homes are in a flood plain or are required to carry flood coverage by the mortgage lender should still look to the National Flood Insurance Program (NFIP) or the Private Flood Market. Our agents can help you determine your risk and the coverage you need to protect your house and personal items from a flood.

Many people talk about their basements flooding or bathrooms flooding when the toilet gets backed up. Although those things can be described as floods that is not how insurance companies define floods. A flood to an insurance company is a much bigger scale. Floods are water moving over the ground. They can happen from heavy rain falls, storm surges, snow melts, rivers breeching their banks, and maybe even a dam break. The waters that flow over the ground and into your home is what a flood policy insures against. It provides protection against the damage caused by the water hitting your home, entering your home, and even water damaging one of your other structures.

National Flood Insurance Program: A division within the Federal Emergency Management Agency (FEMA). It is controlled and managed by the Federal Government. The insurance plans based are the topography of a community in the form of flood maps. These maps are designed by NFIP to determine an areas risk of a flood. The higher the risk of flooding the higher the need for a flood insurance plan.

Private Flood Market: The Private Flood Market is designed more like an insurance policy. The insurance company is free to assess their own risk and charge the premiums they feel necessary. The Private Flood Market does not receive any government subsidies, so they are free to make their own decisions in regards to their insurance plans. Typically, if you qualify for a Private Flood Market quote the annual premium will be less than a government-based plan.

Extended Water Coverage: An endorsement added to the homeowner’s policy provides coverage for direct loss to an insured dwelling, other structures, and personal property on the residence premises caused by a flood. The endorsement sets a limit selected by the insured that is subject to their deductible. This coverage however cannot satisfy a mortgagee’s request for flood insurance.

Do you have a motorcycle, boat or an RV? Are you insured correctly?

Just like our vehicles and homes they need to be protected. Motorcycles, boats, and RV’s have the unique position of having both a liability exposure as well as carrying significant replacement value. Some RV’s can be worth over $500,000. Our agents have the expertise and knowledge to make sure you get all the protection you need. We want you to replace your beautiful boat or that motorcycle you detail once a week in the summer. We understand the pride those items can bring and want the you to have the right protection when disaster strikes.

We have a team of agents ready to get you on the road, water, or campground with the right coverage.