Cincinnati OH

Does Condo Insurance Cover Work-From-Home Businesses?

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Home and condo insurance policies share many similarities but also have significant differences. Your condo association’s master policy insures the condo’s common areas and parts of your dwelling structure, depending on the policy. Standard condo policies cover your personal belongings and liabilities, similar to a home policy. However, they only cover a minimal amount of business-related assets. If you run a work-from-home business from your condo, you should discuss covering your business with your agent. The Advantage Insurance Network team, serving Cincinnati, OH, will gladly find the combination of condo and business insurance coverage that suits you.

Condo Insurance and Working from Home

Condo policies often cover only $2,500 in business assets, which may be sufficient for "side-hustle" businesses operating from home, but the policies do not cover other commercial risks. You should consider commercial insurance for your business if you:

  • Occasionally host suppliers, customers, or employees at the condo
  • Store business inventory or supplies in the condo
  • Could have the business interrupted or revenues lost if your condo suffers damage
  • Need Worker’s Compensation coverage
  • Have supplier, client, or employee records subject to cybercrime

There are multiple commercial insurance options. The best option for you depends on your business, but three common options are:

  • Business property rider for your condo policy (typically with $5,000 limits)
  • In-home business insurance for property, liability, and other elements (for businesses with revenues of $250,000 or less)
  • A Business Owner’s Policy (BOP) provides a range of commercial insurance coverage for businesses with $250,000+ revenue

Working with the Advantage Insurance Network

The Advantage Insurance Network team proudly serves condo owners in Cincinnati, OH, and the vicinity. Call (513) 922-9460 or stop in today to discuss a personal and business insurance plan that fits your condo-based business.

Why Dwelling Fire Insurance can Make a Difference

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For property managers, owners, and landlords, maintaining and protecting the properties you own and rent or lease is a full-time job. That’s why it’s beneficial to have dwelling fire insurance to protect your assets and property from the damage and loss that dwelling fires can cause. The more properties you own, manage, or rent, the greater the risks and concerns. That’s why property managers and owners in the greater Cincinnati, OH area rely on the experienced team at Advantage Insurance Network for their dwelling fire insurance needs.

The Importance of Dwelling Fire Insurance

Property managers often find themselves with vacant properties due to a lack of viable tenants or the time needed for remodeling or prepping a new unit. While the main concern is often the loss of revenue these empty properties cause, underlying concerns such as theft, vandalism, loiterers, and fires are also real potential problems. That’s why dwelling fire insurance can make a difference and why property managers and owners rely on the agents at Advantage Insurance Network for commercial insurance solutions to protect those vacant rental properties.

Insurance Solutions for Cincinnati, OH Property Owners and Managers

If you’re a property owner or landlord in the greater Cincinnati area and have questions or want to learn more about how dwelling fire insurance could help protect your properties, we can help. Contact us at Advantage Insurance Network to find out more and schedule an appointment for the protection your properties need and deserve.

Flood Insurance Should Only be One Part of Your Flood Preparation Plan

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Like any other major storm event, homeowners should prepare for flooding. Fortunately, with flood insurance solutions, you won’t have to face the aftermath of a flood alone. That’s why many homeowners in the greater Cincinnati, OH area rely on the professional team at Advantage Insurance Network for their flood insurance needs. While we can’t prevent a flood, we can certainly help you prepare for it.

Flood Insurance: A Key Part of Flood Preparation

Flood insurance is arguably your best resource for assistance once the floodwaters recede. However, homeowners can also take steps to mitigate or minimize the impact of a flood. It’s a good idea to take action when there’s a forewarning of a potential flooding event. FEMA and the federal government offer tips at floodsmart.gov for more information. It’s always wise to talk to your agent and ensure your flood insurance is up-to-date before the waters rise, but it’s also important to be proactive as part of your preparation plans.

Flood Insurance Solutions for Cincinnati, OH Homeowners

If you live in or around the greater Cincinnati area and have questions or want to learn more about flood insurance for your home, we can help. Contact us at Advantage Insurance Network to learn more and schedule an appointment for the flood insurance solutions you need.

How Does Buying Motorcycle Insurance Differ From Buying Auto Insurance?

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If you’re a new motorcyclist, you may expect motorcycle insurance to be the same as buying auto insurance. We at Advantage Insurance Network, serving Cincinnati, OH, frequently hear this theme. While some things are indeed the same, others are quite different. Please find more information on how buying motorcycle insurance differs from purchasing auto insurance.

Types of Coverage

Both kinds of insurance cover things like accidents and damage, but motorcycle insurance often includes extra coverage for custom parts and passengers who ride with you. Car insurance usually doesn’t have these extras.

Cost Differences

Motorcycle insurance is usually cheaper than car insurance. This is because motorcycles are less likely to cause a lot of damage and are often used less. However, the cost can change depending on your motorcycle type, how long you’ve been riding, and where you live.

Usage and Risk

Motorcycles are often used less frequently, mainly when the weather is nice, whereas cars can be driven all year long. Because motorcycles are used less, their insurance can be cheaper.

Personal Injury Protection

Car insurance often includes personal injury protection (PIP) or medical payments to help cover your medical bills if you get hurt in an accident, no matter who caused it. Motorcycle insurance might not always have this coverage, so checking your policy is important.

As you can see, there are many differences between buying motorcycle insurance and auto insurance. If you’re in the market for a new motorcycle insurance policy in the greater Cincinnati, OH area, let the experts at Advantage Insurance Network help you. Call us today to get help creating the perfect motorcycle insurance policy.

How to Submit a Boat Insurance Claim After a Natural Disaster

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Owning a boat offers the freedom to explore anywhere along the open waters. But that dream ends if your watercraft sustains damage following a natural disaster. Restoring your boat can be challenging and expensive. The Advantage Insurance Network, serving Cincinnati, OH, can assist with showing how to submit an infallible boat insurance claim.

Review Your Boat Insurance Policy

Before submitting a boat insurance claim, read your policy and confirm what is covered should a natural disaster happen. Most agreements cover boat damage during hurricanes, brush fires, or severe rainstorms. Policyholders will add comprehensive coverage to their existing policy, as the terms guarantee to cover all repairs or replace the boat if the damage is beyond repair.

A Quick Overview of Submitting a Boat Insurance Claim

Policyholders will needadequatee insurance coverage if their boat is damaged during a natural disaster. Submitting a boat insurance claim is not simple if you fail to follow the process. The first step will be filing a detailed report on the boat’s damage. Before-and-after pictures of the vessel will offer visual evidence for your insurance claim.

Required Steps to Submit a Boat Insurance Claim

It would help if you documented everything that occurred during and following the natural disaster. You will include a detailed description of the boat’s damage in the paperwork. Pictures of the damage can act as evidence that supports your claim. Also, you need to provide the final location of your boat following a natural disaster. Obtain a non-binding repair estimate for all the boat’s damage if possible.

If you need assistance submitting a boat insurance claim, contact The Advantage Insurance Network, which serves Cincinnati, OH. Our staff can offer suggestions on the documentation that makes your case stronger. Call and schedule an appointment today.

The Role Your Agent Plays in Your Home Insurance Policy

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Home is our place of refuge, comfort, and relaxation for many of us. It is where we spend much of our time, raise families, and find our roots. That is also why it makes sense to want to protect our homes and why so many Cincinnati, OH homeowners turn to the trusted, professional, and friendly team at the Advantage Insurance Network for all their home insurance questions, concerns, and needs. When it comes to protecting the place we call home, home insurance is often our best and first line of defense.

The Role Your Agent Plays in Your Home Insurance Policy

When it comes to the protection of your home that insurance can provide, from everything from theft and fires to flooding and even liability claims, your agent plays a major role. In addition to taking and filing your claim, your agent can also help with documentation, ensuring the most timely processing of your claim, and more.

Yes, home insurance is your home’s best and first line of defense, including your agent. This is also why working with a proven and reputable agency is vital when choosing a partner for all your home insurance needs.

Insurance Solutions for Cincinnati, OH Area Homeowners

If you own a home and live in the Cincinnati, OH, area, our experienced and knowledgeable team at the Advantage Insurance Network can help with all your home insurance needs. Do you have questions? Want to learn more about home insurance, or are you just shopping for information and rates? Contact us to find out more and schedule an appointment today for the home insurance solutions you need and deserve.

Safe Driver Programs: How They Work and What They Track

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In today’s fast-paced world, safe driving is more important than ever. At Advantage Insurance Network in Cincinnati, OH, we aim to help drivers understand how safe driver programs can benefit them and what these programs typically monitor.

How Safe Driver Programs Work

Safe driver programs are designed to encourage responsible driving habits by offering potential discounts on auto insurance. These programs often use a device in your vehicle or mobile apps to track your driving behavior. This technology records various data points to understand your driving habits comprehensively.

What They Track

These programs focus on several key aspects of driving. Speed is a major factor, as excessive speeding can increase the likelihood of accidents. They also monitor hard braking and rapid acceleration, both of which can indicate aggressive driving. Additionally, the time of day you drive is recorded, with late-night driving often considered riskier. Some programs even track your distance, rewarding those driving less frequently.

Benefits of Participating

Enrolling in a safe driver program can significantly save your auto insurance premiums. By demonstrating safe driving habits, you enhance your safety and potentially qualify for discounts. It’s a win-win situation that promotes better driving for everyone on the road.

Are You Ready to Get an Estimate For a New Auto Insurance Policy? Call Us Today

At Advantage Insurance Network, serving the greater region of Cincinnati, OH, we’re here to support your journey towards safer driving. Contact us today to learn more about safe driver programs and how they can benefit you. We can also review your auto insurance policy or help you find a new one. Drive safely and save with us!

Coverage For the Contents of Your Condo

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Obtain coverage for the possessions stored within your condo. Review the following categories and make a list of the items you would like to add to your current condo insurance policy.

Protection for Furnishings

Furnishings can become damaged, vandalized, or stolen. Items that will be difficult to replace should be added to your condo insurance policy. Prepare a list that includes the type of furniture that you own. Include details about the current value of each furnishing. Consider which items are more likely to become damaged or stolen. Your condo insurance policy should adequately cover family heirlooms or expensive furnishings.

Insurance for Valuables

Assess the jewelry and other valuables you own. Collector’s items should be considered a priority when preparing the updates to your condo insurance policy. If you are unaware of the current value of any items, seek a professional appraisal. The appraisal results will guide you in selecting enough coverage for your belongings.

Coverage for Clothing and Storage

Consider the clothing in your everyday wardrobe. If any of the garments are large investments, take note of them. In addition, examine the manner in which you store clothing. The placement of a closet or another storage aid could affect the amount of protection that the garments are provided with.

Protection for Appliances

Research insurance protection for the appliances you own. Consider the use value of each appliance in your condo. Plan on insuring all the appliances you rely upon on a regular basis.

Professional Assessment

Your preliminary findings may encourage you to speak with one of our Advantage Insurance Network agents. Contact one of our agents and request to schedule a consultation. An agent who serves Cincinnati, OH, will prepare your modified condo insurance policy.

Insurance Coverage That Grows with Your Business

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Your business may undergo changes throughout your ownership. These changes may require more insurance coverage. Consider the situations below, as they may indicate that you need to modify your existing commercial insurance policy.

Expansion to a Larger Commercial Facility

If you decide to move your business to a larger facility, you increase the workspace that you are responsible for maintaining. The risk of damage occurring within a larger area may increase. Before your business expands, consider the risks involved with operating from a new commercial facility. Your commercial insurance policy should cover structural materials, technological equipment, inventory, and vehicles.

Liability protection is a type of insurance coverage that will protect you if someone sues you. This coverage will protect against injuries on your business property or inside the commercial facility you own and operate.

Increased Workforce

As time progresses, you may decide to hire more employees. Expanding your workforce comes with additional responsibilities. If you currently have a disability or workers’ compensation coverage, you may want to include your new employees in either insurance plan.

Construction Project

If you plan on modifying your commercial building, the active construction project may require additional insurance protection. Consider the type of equipment that will be used to perform the upgrades. Then, seek insurance protection that will cover you against damage and injuries that occur on your property.

Commercial Insurance Services in Cincinnati!

An agent who serves Cincinnati, OH, can assist you with the upgrades you seek for your commercial insurance policy. Contact one of our Advantage Insurance Network agents to schedule a meeting with them. The agent will review your policy and make recommendations for you.

Home Coverage: Why Adding Dwelling Fire Insurance is a Must

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Did you know many home insurance policies don’t cover dwelling fire coverage? It’s crucial to note that if you own rental properties, vacation homes, or other dwellings that aren’t your primary residence, they aren’t covered under your home’s fire insurance policy. You’ll need to purchase separate dwelling fire insurance to ensure they’re covered. If you’re located in Cincinnati, OH, our professionals at Advantage Insurance Network can help you understand dwelling fire insurance.

Is Dwelling Fire Insurance Necessary?

Dwelling fire insurance is essential if you have residences other than your primary home. The chances of a fire occurring are very low, but should it happen, you’ll want to know that you’re covered. However, potential risks are always present, and it’s vital to consider those factors.

Types of Dwelling Fire Coverage

Three main levels of dwelling fire coverage are available, each designed for certain types of fires. Property owners must choose an appropriate type of coverage to be compensated for when a fire occurs. Otherwise, they may find themselves paying out-of-pocket for damages.

Here are the three main types of dwelling fire coverage:

  • DP-1: Offers limited coverage for fire, lightning, and internal explosions.
  • DP-2: Covers fires resulting from wind, hail, vandalism, and external forces.
  • DP-3: This level provides comprehensive coverage, addressing all reasons mentioned above and more unless specifically excluded in the policy.

The Bottom Line

As you can see, it’s essential to consider the coverage level you need carefully. If you’re unsure which one to get for your property, a consultation with an insurance representative can help. Here at Advantage Insurance Network in Cincinnati, OH, we aim to find the best policy that matches the policyholder’s needs. We look forward to discussing your options.