You’ve finally purchased the motorcycle of your dreams in Cincinnati, OH; now it’s time to insure it. Yet you’re faced with a wide range of policy costs. Is it worth getting full coverage motorcycle insurance? Advantage Insurance Network recommends getting coverage above the state minimum for most riders.

Ohio’s Minimum Coverage for Motorcycles

Ohio requires motorcyclists to have liability insurance for bodily injury of $25,000 per person and $50,000 per accident, plus property damage of $25,000 if an accident occurs. You are not required to take any other types of coverage for your policy. A liability-only motorcycle policy can be much less expensive than a full-coverage policy. However, it’s not a wise choice, especially if you have an expensive bike. If you are involved in a wreck, you’ll have to pay for the repairs out of pocket.

Components of a Full Coverage Policy

Full coverage policies for motorcycles are similar to those for autos. Collision coverage pairs for repairs or replacement of your bike resulting from an accident with a vehicle or object. Comprehensive covers theft and damage incurred from fire, floods, falling objects, and similar events. The latter is beneficial if you store your motorcycle during the winter. Some policies even have a complete replacement or an upgrade provision if your motorcycle is totaled in a covered incident. Riders can also opt to get insurance for their cycle’s accessories,  but coverage amounts vary by insurer. Other options include uninsured/underinsured motorist coverage and personal injury protection (PIP).

Let Our Agents Help You

Advantage Insurance Network, serving Cincinnati, OH, can help you select the right motorcycle insurance policy to meet your needs. We can recommend appropriate coverage amounts and add-ons to keep your bike safe. Contact us today for an appointment.

If you are a lucky motorcycle owner, you probably understand how crucial it is to carry proper motorcycle insurance. This insurance protects you as a rider, your motorcycle, and financial well-being. If you are currently shopping for motorcycle insurance, make sure to consider the following factors:

What Factors To Consider When Looking for Motorcycle Insurance

• Motorcycle type. Motorcycle insurance is similar to auto insurance, so the style of your motorcycle, model, make, and year impact how much your insurance costs. Some motorcycles are more expensive to insure than others. Usually, sports bikes are the most expensive ones to insure. 
• Coverage type. There are several types of motorcycle insurance to choose from. Depending on the policy type you choose, it can cover different things. Standard insurance usually covers the bike, you, your passengers, and other vehicles on the road. Some policies can also have additional coverage, such as roadside assistance. 
• How often do you ride your bike? You should choose motorcycle insurance depending on how frequently you ride your metal dragon. If you ride it occasionally, the state’s minimum coverage might be enough for you when the weather is warm and nice. However, if your bike is your primary mode of transportation, you should get enhanced coverage. 

Advantage Insurance Network – A Network of 25 Top-rated Insurance Companies in Cincinnati, OH

Are you looking for motorcycle insurance in Cincinnati, OH, or any other nearby area in Ohio? Feel free to contact Advantage Insurance Network, which will shop for insurance for you with multiple insurance companies. Our mission is to help you find an insurance plan to address your needs and suit your budget. Contact us to learn more about the insurance options we can offer. 

When days are nice, and you want to take the boat out, it’s essential to ensure you’re covered just in case of problems. With boat insurance, you’re protected from many potential financial problems. Boating accidents do happen, and they can be devastating financially. If you’re a boater, don’t go a day without insurance for your boat. To get started, call us at Advantage Insurance Network in Cincinnati, OH, and find out more. 

Liability Coverage

Liability protection is one of the most important types of coverage for your boat. Boat insurance works much like auto insurance. There are different coverage types that you can opt for, and liability is one of them. This protects you financially if there is a boating accident in which someone is injured. If a boating accident is judged to be your fault, all the bills for the injuries would be up to you. This type of coverage would pay those bills. It’s important to have at least this type of coverage to protect yourself. 

Collision Coverage

Like auto insurance, boat insurance has collision coverage available. This covers the damage done to your own boat if you cause a boating accident. This is good coverage for repairing or replacing your boat after an accident. Without this coverage, you may be left without a usable boat because of damage or sinking that you can’t pay for. 

Personal Property

Another type of boat coverage is for the personal property on the boat. Many boats have expensive equipment on them. Some have luxury materials that would be extremely expensive to replace. This coverage can allow you to get the things you need to replace your damaged or destroyed belongings. 

Get Boat Insurance

If you don’t have boat insurance, call us at Advantage Insurance Network in Cincinnati, OH.

When understanding your insurance policy, knowing the exclusions and limitations is essential. These are the circumstances and events that your insurance policy may not cover, and in some cases, they can leave you with unexpected expenses and financial burdens. Advantage Insurance Network explains the exclusions and limitations you need to know to ensure you have the right coverage.

Some of the most common exclusions in insurance policies are natural disasters, such as floods, earthquakes, and landslides. Standard homeowners’ insurance policies may not cover these events, and you may need to purchase additional coverage to protect your property. Floods, in particular, are a significant risk for homeowners in flood-prone areas, and it’s essential to understand your policy’s coverage limits.

Another type of exclusion that you need to be aware of is personal property. Some policies may not cover specific types of personal property, such as jewelry, artwork, or antique items. If you own valuable personal property, it’s worth checking your policy to see if you need to purchase additional coverage.

Insurance policies may also have limitations on liability coverage, which is the protection offered if someone is injured on your property or as a result of your actions. For example, a standard homeowners’ insurance policy may provide liability coverage of up to $100,000, but if you have significant assets, you may need higher limits. To determine the right level of liability coverage for your situation, speak to your insurance agent and consider consulting with a financial advisor.

Understanding the exclusions and limitations of your insurance policies is critical to ensuring you have the right coverage to protect your assets in Cincinnati, OH. Contact Advantage Insurance Network anytime to learn more about your insurance coverage.

Do you know what flood insurance covers in Cincinnati, OH?

Living in a high-risk area for flooding makes it all the more important to have the right insurance coverage. In this blog, we’ll look at how Advantage Insurance Network can help keep your home safe from surface water, groundwater, and sewer backup damage.

Surface Water Damage

Storms and heavy rains can lead to surface water damage, typically covered by standard homeowner’s insurance policies. But if your area has a higher risk of flooding, investing in a separate flood insurance policy for comprehensive protection is essential. This coverage includes protection from water that enters your home or business due to heavy rains, snow melts, and overflowing rivers and streams.

Groundwater Damage

Groundwater can also be damaging to homes. This type of water damage occurs when moisture seeps through the ground into your property – even if there hasn’t been any rain or standing water present. Unfortunately, most standard homeowners insurance doesn’t cover this kind of damage, so opt for a separate flood insurance policy to ensure you’re safe.

Sewer Backup Damage

Even if your house isn’t flooded with surface water or groundwater, sewer systems can still back into homes due to clogged lines or torrential rains. Regular homeowners’ policies rarely cover sewer backup damage, so investing in flood insurance is essential to stay protected in a high-risk area. With the right coverage, you’ll be financially secure in case of a sewer backup.

If you live in Cincinnati, OH, or any other high-risk area for flooding, don’t leave yourself exposed! Contact Advantage Insurance Network today and learn more about getting the right coverage for your home with flood insurance.

Regarding shopping around for boat insurance, there are two significant distinctions to consider in potential policies. Loss settlement is the amount paid to you for a loss claim. The loss settlement types between different policies include agreed and actual cash values. There are pros and cons to each type of loss settlement, and talking to one of our agents at Advantage Insurance Network in Cincinnati, OH will help you determine which is best for your boat ownership lifestyle.

Agreed Value

Pros:

• These policies pay a set amount named in your policy for a total loss claim.
• Partial loss claims may be paid out based on replacement cost – a depreciation of lost or damaged items is usually not factored in the settlement.

Cons:

• Generally, this policy comes at a higher premium cost.
• Your deductible applies to loss settlement payout.
• Some items that experience higher wear and tear may be subject to depreciation consideration when determining a payout for loss.

Actual Cash Value

Pros:

• Generally, these policies come with more affordable premiums.

Cons:

• Your deductible applies to the loss settlement payout amount.
• The current market value of your vessel determines the maximum claim payout.

Our agents at Advantage Insurance Network are experts in boat insurance. They can answer any questions about boat insurance, including the difference between agreed value and actual cash value loss settlement. As a boat owner in Cincinnati, OH, you owe it to yourself to give us a call today. If you already have a boat insurance policy, we can help you evaluate your current coverage and vessel usage and help you determine whether your coverage matches your needs.

When you purchase a boat, you make a significant investment. When you use your boat, you also make yourself susceptible to liability expenses. That’s why you need to purchase boat insurance.

We offer boat insurance at Advantage Insurance Network. The following are four key factors to consider when you choose boat insurance coverage in Cincinnati, OH. 

The type(s) of coverage you want and need

You should know about and be aware of numerous types of boat insurance coverage. These include liability, collision, comprehensive, and contents coverage. 

The value of your boat

The value of your boat impacts how much coverage you need. You should have enough coverage to pay for the full value of your boat. This protects you financially if you file a claim that leads to a total loss of your boat. 

The activities for which you use your boat

It would be best if you considered what your boat is used for. If you use your boat for day-long fishing trips, your insurance requirements will be different than if you use your boat for overnight trips. 

Make sure you familiarize yourself with the boat insurance requirements for various boating activities. 

The places where you’ll use your boat and require coverage

Boat policies typically limit coverage to boat use in certain areas. That’s why you need to discuss where you’ll be using your boat with your insurance provider to ensure you have the coverage you need. 

If you need to find the perfect insurance policy for your boat, we’re here for you at Advantage Insurance Network. You can find the information you need on boat insurance in Cincinnati, OH by contacting our office. 

If you live in America, you know this country is not a stranger to floods. Floods are the most common natural disaster in the US, causing billions of property damage yearly. Since typical home insurance doesn’t cover flood damage, many Cincinnati, OH homeowners have invested in flood insurance to protect their homes against flooding.

Suppose you have flood insurance, congratulations! But do you have sufficient coverage? Underinsuring your home against floods may catch you off-guard when you least expect it. And because at Advantage Insurance Network, we don’t like to see our clients caught by surprise when filing claims, the post below is a guide on the amount of flood insurance you should purchase.

Satisfy your mortgage requirements

If your home is in a flood zone, your lender requires you to purchase flood insurance to protect your home. Your lender probably requires you to purchase flood insurance equivalent to or higher than the outstanding loan or the cost of rebuilding your home.

Remember that your lender’s requirements may differ from what you need. For instance, if the outstanding loan balance is way below the value of your house, you need to reconsider your flood insurance amount.

How much flood insurance do I need?

Assuming you don’t have a mortgage or want optimal protection for your home, here is the guide to help you purchase sufficient flood insurance.

• The amount should be enough to rebuild your home: Purchase flood insurance equivalent to your home’s replacement value. This ensures your flood insurance can rebuild your home from the ground up in the worst-case scenario.
• Your flood insurance should replace all your assets: Set up a home inventory count and value everything in your possession. Buy flood insurance coverage that can replace all your assets if swept by floods.

Still not sure how much flood insurance you need in Cincinnati, OH? No problem. Please get in touch with Advantage Insurance Network for tailor-made advice.