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Automobile Insurance Guide: Biggest Mistakes to Avoid for Drivers

Mon, 27 Apr 2026 14:34:11 GMT

Are you searching for automobile insurance in Hockessin, DE , and want to avoid making costly mistakes? Picking the wrong policy can lead to financial headaches if something goes wrong. Broadbent Insurance, Inc. understands the needs of local drivers, so here is a friendly guide to help you steer clear of common errors.

Understanding Your Coverage Matters

Auto insurance is not just about meeting law requirements. It’s about protecting yourself, your car, and others on the road. Unfortunately, many drivers make simple mistakes that could cost them a lot of money after an accident.

Mistake #1: Choosing Only the Minimum Requirements

Many drivers think, “If I get the minimum required automobile insurance, I’ll be covered.” This is a risky way to think. Minimum coverage usually takes care of only the basics for damages you cause to others, not for damage to your own car.

Why It’s a Problem: If you cause an accident and have only minimum coverage, you could still pay a lot for repairs or bills that are not included. Hockessin drivers often face high repair costs, and medical bills can add up fast.

Tip: Check if your policy covers damage to your own car (collision and comprehensive), not just what you owe others.

Mistake #2: Overlooking Important Add-Ons

Extra features, like roadside assistance and rental car coverage, are often low-cost but very helpful. Some drivers skip these because they want to save money.

Why It’s a Problem: If you break down or your car is in the shop after an accident, these add-ons become lifesavers. The cost of towing or a rental can be much more than the small premium increase for these extras.

Tip: Consider what features you would need in an emergency. Ask your local agent about add-ons that fit your lifestyle and driving habits.

Mistake #3: Not Reviewing Your Deductibles

A deductible is the amount you pay out of pocket before your auto insurance kicks in. If you don’t check your deductible, you might get a shocking bill after making a claim.

Why It’s a Problem: Choosing a very high deductible to lower monthly payments can end up costing you more if you need repairs. On the other hand, a very low deductible may make your policy too expensive monthly.

Tip: Choose a deductible you can comfortably afford to pay at any time. Review this with your insurance professional at least once a year.

Mistake #4: Forgetting to Check Policy Details

Policies have limits, fine print, and some exclusions you might miss. Many Hockessin drivers do not read their policy details, so they end up surprised when certain claims are denied.

Why It’s a Problem: You might believe something is covered when it isn’t. For example, personal items stolen from your car may not be part of your automobile insurance.

Tip: Read your policy carefully and ask questions. If you don’t understand something, a local expert can explain it in clear terms.

Mistake #5: Not Updating Your Policy With Life Changes

Have you moved, bought a new car, or changed jobs? Many drivers forget to update their auto insurance after these changes.

Why It’s a Problem: If your situation changes, your risks (and rates) can change too. You may miss out on new discounts, or worse, find yourself underinsured.

Tip: Review your policy at least once a year and after any big life event.

How Inadequate Coverage Makes You Vulnerable

Car accidents or theft can happen anytime. Without the right automobile insurance, you could pay thousands out of pocket. If insurance is not enough to cover medical costs, legal fees, or repairs, the rest comes out of your savings.

Financial Risks of Being Underinsured:

Paying for vehicle repairs yourself.
Owing money for another driver’s injuries.
Facing legal costs without support.
Losing your car with no way to replace it.

Why Local Advice in Hockessin Makes a Difference

Every town has its own driving needs. Roads, weather, and traffic in Hockessin, DE, are not the same as in nearby cities. That’s why a local insurance professional can help tailor your coverage, so you get what you really need.

Benefits of Local Guidance:

Understanding neighborhood risks.
Knowing local repair shops and their costs.
Alerting you about discounts for local drivers.
Speaking face-to-face to answer all your questions.

An agent who understands the area can even point out insurance benefits you might not know about.

Remember These Key Points

To get the most value from your automobile insurance, avoid these mistakes:

Don’t settle for just the minimum coverage.
Consider helpful add-ons instead of skipping them.
Review and update your deductible and policy every year.
Check all the details and ask questions until you’re sure.
Update your policy with major life changes.

Expert help is just a call or visit away.

Get Expert Auto Insurance Help Today!

Don’t let a simple mistake leave you (and your wallet) unprotected on the road. The team at Broadbent Insurance, Inc. is here to help Hockessin drivers make smart choices about automobile insurance. Contact us today , and make sure you and your family are truly covered.

Commercial Vehicle Insurance for Hockessin, DE Businesses

Mon, 13 Apr 2026 20:11:36 GMT

Growing a small business often brings exciting changes. One of the biggest turning points is when you begin using a company vehicle for daily work. At that moment, commercial vehicle insurance becomes an important part of keeping your business protected. If you are unsure whether your current policy is enough, contact us today at 302-731-0044 for guidance. Many business owners discover that their personal auto plan does not cover their delivery van, work truck, or service car once they start using it for business purposes.

This shift usually happens quietly. You start delivering products, driving to job sites, or carrying tools and materials. Before long, your vehicle becomes a key part of your business operations. The problem is that personal insurance often excludes damage or liability from business use. That is why commercial vehicle insurance is so important for anyone operating in the Hockessin area.

Understanding the Moment a Personal Policy Stops Working

Many small business owners begin by searching for auto insurance quotes because it feels like the natural next step. But there comes a point when those quotes no longer match your needs. A personal policy does not protect you if an accident happens while you are on the job.

If you use your vehicle for work tasks, you can face denied claims, uncovered losses, and major personal risk. Deliveries, client visits, supply runs, and even parking at job sites count as business use. When that becomes your daily routine, a commercial policy becomes the safest choice.

Key signs you need a commercial policy

You transport equipment, tools, or goods each day
You drive to multiple client locations
Your vehicle carries employees or helpers
Your business name is displayed on the vehicle

These everyday tasks may seem small, but they change the type of coverage you need.

Why Commercial Vehicle Insurance Matters for Small Business Growth

As your business expands, the risks grow too. A standard personal policy does not offer the higher coverage limits needed for business-related accidents. Commercial vehicle insurance supports your growth by providing stronger protection that matches real business risks in the Hockessin area.

These policies cover physical damage, liability costs, medical expenses, and other losses that occur during business use. They also protect equipment stored in your vehicle, which many owners do not realize is excluded under personal policies.

How this coverage protects your business

Higher liability limits for accidents on the job
Coverage for tools and equipment inside the vehicle
Support for collisions, theft, or weather damage
Financial protection if someone sues your business

Learning more about what affects auto insurance rate s can also help you make informed decisions. The Insurance Information Institute explains it.

The Hidden Risks of Relying on Personal Auto Insurance

For many small business owners, the biggest surprise is learning how much personal auto insurance does not cover. Insurers often deny claims when the driver is performing business work at the time of the accident. This can lead to large repair costs or even lawsuits that you must pay yourself.

Commercial vehicle insurance removes those gaps. It gives you strong support if something unexpected happens on the road. For business owners serving Hockessin, this becomes even more important because many daily tasks involve driving through busy areas or making frequent stops.

Risks of staying with personal coverage

Claim denials for business-related accidents
No protection for damage to tools or equipment
Lower limits that cannot cover serious liability claims
Higher out-of-pocket costs after a crash

No growing business needs that kind of financial pressure. Switching to a commercial policy can prevent these issues before they happen.

Why Many Business Owners Start With Auto Insurance Quotes

It is very common for small business owners to begin by requesting auto insurance quotes without realizing they need something more. When you are working hard to grow your company, it is easy to assume a personal policy is enough. But when your vehicle becomes a work tool, the needs change quickly.

Auto insurance quotes can be a useful first step. However, the right choice for a small business often ends up being a commercial policy built specifically for business operations. It gives you long-term protection as your business continues to expand. Learn more information about our auto insurance services .

Protecting Your Business From Severe Accidents and Lawsuits

If you are involved in a serious accident while working, the financial impact can be overwhelming. You may face property damage costs, injuries, legal claims, and loss of income. Personal insurance will not cover these losses if the accident happened during business use.

Commercial vehicle insurance reduces these risks. It gives you strong liability protection, coverage for your work materials, and support if a legal claim is filed. This is one of the biggest reasons businesses choose a commercial policy when they want long-term security.

Making The Shift To Commercial Coverage With Confidence

The move from a personal policy to commercial vehicle insurance may feel like a big step, but it is important. It helps you stay protected as you grow your customer base and take on more daily driving responsibilities. Lisa Broadbent Insurance, Inc. provides clear guidance and dependable support for business owners serving Hockessin.

We help you understand your options, choose the right coverage, and make sure your business stays protected at every stage of growth.

Protect Your Business Today

Ready to protect your business with the right commercial coverage? Call us at 302-731-0044 now for a free quote or send us a message to get started today. Serving Hockessin, DE.

How to Help Prevent Ice Dams

Mon, 05 Jan 2026 22:15:58 GMT

Taking precautions to prevent ice dams is an important part of preparing your home for winter weather. Knowing what an ice dam is , minimizing the conditions that allow one to form and removing an ice dam as soon as you spot one can help prevent serious damage to both the roof and the inside of your home.

Take action before snow starts falling

An ice dam may develop during the cold winter months if warm air from your home or attic melts snow on your roof. In freezing temperatures, the melted snow may refreeze once it reaches the colder edge of the roof. Keeping the temperature of your attic at 32°F or below can help prevent snow from melting and ice dams from developing. The following are some steps you can take to help prevent the snow melting-and-freezing cycle that often causes ice dams:

Insulate your attic. Be sure your attic is properly insulated to help prevent warmth from escaping through ceilings. Whenever possible, an insulation value of R-40 is recommended.
Prevent air leaks. Check and seal any openings where warm air or heat could escape into the attic, such as insulating or caulking around vent pipes, exhaust fans, chimneys, attic hatches and/or light fixtures.
Improve ventilation. Increase the number or size of attic, roof or soffit vents that allow cold air to circulate and flush warmer air out during the winter.
Install a water-repellent membrane. When replacing the roof covering, install a water-repellent membrane underneath the shingles. This acts as an extra barrier that helps prevent water from seeping inside the building should an ice dam form.

Tips to help prevent ice dams through the winter

Ice dams can sometimes form despite your best efforts to keep your roof at the proper temperature. Be sure to monitor the weather and maintain your roof throughout the colder winter months for additional protection against ice dams, such as:

Clear gutters and downspouts. Prevent water from accumulating and possibly freezing in your gutters by cleaning leaves, debris and snow accumulation from in and around gutters and downspouts. Making sure that your gutters are properly pitched can also help prevent the collection of water in low spots and help reduce the potential for ice buildup in gutters.
Remove snow accumulation from your roof after every storm. Whenever possible, use a roof rake to clear snow about three to four feet from the edge of your roof soon after each storm. Snow accumulation along the edge of your roof increases the likelihood of an ice dam developing, which prevents water from draining off the roof. This water can then back up underneath roof shingles and make its way into your home.
Remove ice dams as soon as you spot them. Check your roof often and know how to help identify and remove an ice dam.

CAUTION: Avoid using a ladder in snowy and icy conditions. This can be extremely dangerous and is best left to the professionals.

For questions or concerns about insurance to protect your home’s roof, please contact us at 302-731-0044 , or email lisa@broadbentins.com . Our agents and staff are available Monday-Friday, 8 a.m. to 5 p.m. ET, with the exception of holidays.

Why Your Auto Insurance Policy Needs a Yearly Review

Thu, 27 Nov 2025 21:09:06 GMT

When was the last time you took a close look at your auto insurance policy? At Lisa Broadbent Insurance, Inc., operating in the Hockessin area, we know life moves quickly and your insurance needs can too. If you’re a driver, a parent with a new teen on the road, a business owner updating vehicles, or simply adapting to any number of changes, your auto insurance policy is not something to set and forget. Regular policy reviews don’t just keep you compliant—they ensure protection matches your real life and car situation. We’re dedicated to helping our neighbors in Hockessin understand their coverage, sidestep costly gaps, and feel confident that their insurance keeps pace with their lives.

The Hidden Risks of Ignoring Your Auto Insurance Policy

Too often, clients put their auto insurance policy on autopilot. Unfortunately, this “out of sight, out of mind” approach can lead to serious coverage issues. Life changes—such as getting a new vehicle, welcoming a teen driver, shifting job commutes, or starting a business—require a reassessment of your current auto insurance policy. Missing out on these updates can mean finding yourself underinsured when you need coverage most.

At Lisa Broadbent Insurance, Inc., serving Hockessin, we frequently find gaps where policies don’t reflect new realities. For example, adding a new vehicle should immediately trigger a review of your auto insurance policy to confirm adequate liability, comprehensive, and collision protection. If you haven’t spoken to a local agent after a major life event, there’s a chance your coverage doesn’t fit your present needs.

The Impact of Life Changes on Your Coverage

Let’s explore some common scenarios where a yearly review is critical:

New Teen Driver: If your teenager recently got their license, your auto insurance policy needs to account for an increased risk factor. It’s vital to review coverage limits, discuss safe driving incentives, and ensure your liability reflects the new exposure.
New Vehicle Purchase: Upgrading to a newer or more valuable car changes the calculation for replacement value, deductibles, and coverage options. The old policy details may not provide the protection required.
Job Changes: Commutes and business uses evolve. You may now drive more miles or use your car for business purposes. If your work situation shifted, your auto insurance policy needs to accommodate those extra miles or commercial use.
Business Expansion: Maybe your business fleet is growing, or you’re using personal vehicles for deliveries. Commercial vehicle insurance makes sure your coverage keeps pace with your operations. Our team in Hockessin can help blend personal and commercial vehicle insurance so your assets are protected whether your needs are personal or professional.

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Personalized Attention: Why a Local Agent Matters

Online platforms can’t replace the personalized attention that a local agent provides. At Lisa Broadbent Insurance, Inc., we believe every client in Hockessin deserves tailored service. Our local expertise enables us to spot gaps and uncover savings opportunities unique to the community.

During our annual auto insurance policy checkups, we don’t just scan for gaps—we ask about life changes, review assets, and fine-tune commercial vehicle insurance as needed. Whether you’re insuring a family sedan or an entire fleet, local knowledge ensures your policy matches your real risk profile, not just a generic model.

If your last review was over a year ago, it’s time to connect with us. Check out our auto insurance services for more details on comprehensive coverage options.

Common Coverage Gaps We Help Our Hockessin Clients Avoid

As a Hockessin-based provider, Lisa Broadbent Insurance, Inc. has identified several common pitfalls that regular reviews can prevent:

Inadequate Liability Limits: Growing families or expanding businesses require higher liability protection.
Unlisted Drivers: Failing to add new drivers, like teens or employees, can leave you exposed during a claim.
Mismatched Vehicle Values: Old coverage levels may not match the current market value of your car or fleet.
Business Use Overlooked: Personal auto insurance policies rarely cover commercial use adequately.

Our review process ensures your policy remains clear of these common issues, whether for personal or commercial vehicle insurance needs. We stay ahead of industry trends and local regulations, so Hockessin drivers remain compliant and protected.

How Yearly Reviews Save You Money and Stress

An annual review of your auto insurance policy isn’t just about protection—it’s also about maximizing value:

Potential Discounts: New milestones like good student discounts or bundled home/auto packages often go unclaimed until revisited during a review.
Deductible Adjustments: As your circumstances change, updating your deductible can alleviate financial pressure after a claim.
Coverage Optimization: Aligning coverage with actual use avoids overpaying for outdated or redundant protection.

Our team at Lisa Broadbent Insurance, Inc. aims to keep your policy both effective and affordable for every Hockessin client.

Schedule Your Annual Policy Review With a Local Expert

Ready to make sure your auto insurance policy truly matches your life in Hockessin? Lisa Broadbent Insurance, Inc. is here to help keep you secure and informed. We specialize in both personal and commercial vehicle insurance, with deep expertise in the local community. Contact us today at 302-731-0044 or request a personalized review to protect yourself, your family, and your business every mile of the way.

Common Mistakes When Buying Auto Insurance in Hockessin

Tue, 04 Nov 2025 19:28:53 GMT

Finding the right auto insurance in Hockessin is essential for protecting your vehicle, your finances, and your peace of mind. Whether you’re commuting daily or driving occasionally, having the proper coverage can save you from costly repairs and unexpected liabilities. With so many options available, choosing a policy that fits your lifestyle is crucial to ensure you’re not overpaying or underinsured. Working with a local expert can help you compare plans and secure the most reliable automobile insurance in Hockessin, tailored to your specific needs.

Common Mistakes When Buying Auto Insurance in Hockessin

When shopping for auto insurance in Hockessin, it’s easy to focus only on cost and overlook crucial details that affect your coverage. Many drivers make decisions based purely on price without fully understanding how coverage limits, deductibles, or optional add-ons can impact them in the long run. Avoiding common errors will help you secure a policy that truly protects you, your vehicle, and your finances.

Here are key mistakes to watch out for when choosing auto insurance in Hockessin:

Underinsuring Your Vehicle: Opting for minimum state-required coverage might seem like a quick way to save on premiums, but it can leave you financially vulnerable. If you are involved in a serious accident, repair costs, medical expenses, or liability claims can quickly exceed your coverage limits, leaving you to pay thousands out of pocket. Additionally, underinsuring can affect your ability to recover losses from uninsured or underinsured motorists. Evaluating the value of your car, your driving habits, and your personal financial situation can help you determine the right level of coverage for your auto insurance in Hockessin policy.
Skipping Coverage Add-Ons: Many drivers ignore optional coverage add-ons, thinking they’re unnecessary extras. However, add-ons like roadside assistance, rental reimbursement, gap insurance, and uninsured/underinsured motorist coverage can provide significant peace of mind. For example, if your car is totaled, gap insurance covers the difference between what you owe on your loan and the vehicle’s actual cash value. Roadside assistance can save you hours in stressful situations like flat tires or lockouts. Including these add-ons ensures your auto insurance in Hockessin provides comprehensive protection beyond basic requirements.
Choosing Price Over Value: While everyone wants affordable insurance, the lowest premium isn’t always the best option. Cheap plans often come with high deductibles, limited benefits, or strict restrictions on claims, which can result in frustration and financial strain when you need coverage the most. Instead of focusing solely on monthly costs, compare the value of what each policy offers. Consider coverage limits, deductibles, and optional benefits. Investing in a more complete plan can save you money, stress, and hassle in the long run, making your auto insurance in Hockessin truly effective.
Not Reviewing Policy Details: Another common mistake is failing to thoroughly read and understand policy details. Drivers sometimes assume their coverage includes everything, only to discover exclusions or limitations when filing a claim. Reviewing your declarations page, understanding deductibles, and confirming what’s covered helps prevent surprises. Consulting with a local agent familiar with automobile insurance in Hockessin ensures that your policy aligns with your needs and expectations.
Ignoring Local Expertise: Many drivers rely on national insurance companies that may not account for local conditions. Traffic patterns, weather-related risks, and state-specific regulations can significantly impact your coverage needs. Partnering with a local insurance agency like Lisa Broadbent Insurance Inc . provides personalized guidance, ensuring that your auto insurance in Hockessin is customized for your specific driving environment and lifestyle.

Consulting A Local Expert For Auto Insurance In Hockessin

Consulting with a local expert can make a significant difference when searching for auto insurance in Hockessin. Local agents understand the unique driving conditions, traffic patterns, and insurance requirements in the area, helping you find coverage that is both reliable and tailored to your needs. Working with an experienced professional ensures that you’re not only getting the right policy but also avoiding common pitfalls like underinsurance or skipping important add-ons.

Benefits of Consulting a Local Expert:

Personalized Coverage: Local agents evaluate your driving habits, vehicle type, and lifestyle to recommend the best policy.
Expert Guidance: They help you navigate complex terms and options within automobile insurance in Hockessin, ensuring you understand what each policy covers.
Maximizing Value: A local expert can identify discounts, coverage bundles, and add-ons that provide the most comprehensive protection at a reasonable cost.
Fast Support: In the event of a claim, local agents offer quicker responses and more personalized assistance than national companies.
Peace of Mind: Knowing your policy is tailored to Hockessin drivers gives you confidence that your auto insurance in Hockessin will protect you in all situations.

By consulting with a local expert, residents can secure the most reliable automobile insurance in Hockessin coverage, ensuring complete protection for their vehicles and financial security.

How Local Experts Can Help

Choosing and maintaining the right policy can be overwhelming, but you don’t have to do it alone. Local professionals, like the team at Lisa Broadbent Insurance Inc. , have the experience and insight to help you avoid these common mistakes. They can walk you through coverage options, identify gaps, and build a customized plan that protects you without straining your budget. Their in-depth knowledge of auto insurance in Hockessin means they understand the unique risks local drivers face and how to safeguard against them.

Buying auto insurance is more than just a legal requirement; it’s a vital layer of financial protection. Avoiding these common mistakes can save you from stressful claims, unexpected costs, and inadequate coverage. By prioritizing value over price, reviewing policy details, and consulting with a local specialist, you’ll be able to secure auto insurance in Hockessin that gives you real peace of mind. Don’t wait until an accident happens to discover gaps in your coverage. Contact us today to explore your options and find the perfect plan for your needs.

Preparing for Hurricane Season

Fri, 18 Jul 2025 20:56:45 GMT

Check your hurricane insurance coverage today.

As the 2025 hurricane season approaches, ensure that you are prepared and informed in the event that severe weather affects your area. Broadbent Insurance is here to support you and is available for any questions or concerns you may have regarding new claims or the status of existing claims. Claims should be submitted directly to the insurance carrier, who will then assign a claim number and an adjuster. The agency may or may not be informed of a claim. Please save a recent copy of the claim information in case you lose power and/or internet services during a storm. The claims filing information can be found in the policy itself, which provides toll-free numbers that anyone can use to report a claim.

As a reminder, review all your policies and make any changes ahead of storm season. Please note, the settlement of a claim can be delayed due to the policy not reflecting accurate information, such as:

· Insured Name(s)

· Mailing Address

· Mortgagees, Etc.

We recommend having plenty of printed ACORD Notice of Loss Forms or using a standard memo of loss that contains all relevant information that our carriers need to process the claims as efficiently as possible.

Update a Policy with Ease

If you need to update the policy, please contact our office so we can get this done for you. Or you can always visit the insurance company’s website to make changes online.

If you do not currently have access to the insurance company’s website, please contact our agency so we can walk you through the process of logging on. Please note, you must be the named insured to update policy information via the insurance company’s website.

For claims questions or concerns, please contact us at 302-731-0044 , or email lisa@broadbentins.com. Our agents and staff are available Monday-Friday, 8:00 a.m. to 5:00 p.m. ET, with the exception of holidays.

Flood Insurance: Myths vs. Facts

Fri, 06 Jun 2025 19:57:21 GMT

Why aren't homeowners buying flood insurance? They may believe one of these myths.

Myth #1: My house isn’t in a “flood zone” or my lender doesn’t require it.

Truth: A low-risk X zone does not mean zero risk! If a property is in a high-risk flood zone starting with A or V and has a mortgage, you are required to have flood insurance. When Hurricane Harvey hit Houston, Texas in 2017, an estimated 70% of the victims were outside mandatory flood zones. Don’t you be next!

Myth #2: I have a homeowners policy, so I am covered.

Truth: Homeowners and renters policies do not cover flooding. You need a separate flood policy to cover flooding events.

Myth #3: If a flood ever happens, FEMA will bail me out.

Truth: A federal disaster must be declared before FEMA assistance becomes available. Even then, the “bailout” is usually in the form of a low-interest loan that must be repaid. Some grants may be provided but are not enough to cover losses. For example, Hurricane Harvey victims received an average grant payout of only $4,300 from FEMA, while the average loss was $116,823.

If you have questions or need assistance in protecting your home or business with Flood Insurance, contact the insurance team at Lisa Broadbent Insurance at (302) 731-0044 for an evaluation and free quote.

Keeping Your Teen Safe on Prom & Graduation Night

Sat, 08 Feb 2025 17:25:54 GMT

The Dress, The Date, The Hair, The Music, and what to do after… all things that are on your teen's mind before the infamous prom night.

Driving is usually not an important component in a teen's mind, but for parents it can be a big worry. Many parents often overlook the need to have honest discussions with their teens about safe driving and avoiding alcohol and drugs. Statistics show that prom and graduation season—the months of April, May and June—are the most dangerous time for teens. One-third of the alcohol-related traffic fatalities involving teens each year occur during those months.

Here's an honest and teen-friendly guide to sharing concerns with your teen for one of the most important nights of their adolescent career.

Many parents often overlook the need to have honest discussions with their teens about safe driving and avoiding alcohol and drugs.

Have a good time. Explain to your teen that you want them to have fun and enjoy themselves. Just don't drink. Years from now, they will laugh when looking back at prom, but not if they don't remember the night.
Relate it to your prom. Explain to them what you did right or wrong and what the consequences were. Don't be afraid to tell them the truth if you made some bad judgment calls. This can only help them to feel that you are human and that you regret those decisions and don't want them to make the same.
Remind them of their future. High school is a great time, but they have their whole future ahead of them. Don't ruin that by drinking or doing drugs on Prom night or any night.
Immature vs. Mature. Your teen may think that drinking or doing drugs and driving is what the grown-up thing is to do. Explain to them that is the most immature and irresponsible decision they could make. Being mature is about making the right decision and keeping your future in sight.
Drive safe! If they are driving, make sure that they understand the responsibility of driving on Prom night. Share these six tips with your teen:

Wear seatbelts.
Don't speed.
Be a defensive driver. Not everyone on the road is going to be as safe as you, watch out for other unsafe drivers.
Don't drink or do drugs. This impairs judgment for driving and could potentially end in a fatality. If you do make a mistake, or find yourself in an uncomfortable situation, call your parents immediately. They will respect you for being mature enough to see the danger and making the right call.
Don't ride with anyone who has been drinking or doing drugs. This takes your life out of your hands.
Pay attention to the road while driving. Don't get distracted with cell phones, radio, or passengers. Driving is a very important responsibility and shouldn't be taken lightly.

Teenage drivers have the highest crash risk of any age group and it's largely due to driver error. According to the American Academy of Pediatrics, one in four crash fatalities involve someone 16 to 24 years old, nearly twice as high as other age groups. Don't let your teenager be a statistic. Talk with your teen and communicate the importance of safe driving on Prom night and every night.

Your safety is number one to us. If you want to make sure you have the right insurance coverage for your teen driver, you can contact the insurance team at Lisa Broadbent Insurance at (302) 731-0044 today to get an evaluation and free quote. Stay safe wherever you choose to go on the road.

Winter Driving Tips

Wed, 08 Jan 2025 19:25:56 GMT

Winter driving can be challenging. Whether you're driving in snow for the first time or looking to understand how to drive in snow with front-wheel drive, these tips for driving in winter weather can help you.

Driving in snow for the first time.

According to Car and Driver , when driving on icy or snow covered roads, drivers should avoid making jerky movements with your vehicle. This means avoiding sudden, hard brakes. When turning the wheel, drivers should try to make the turn as smoothly as possible. Additionally, avoid accelerating too quickly. Press the accelerator lightly, and gradually build up to a slow, controllable speed.

Driving in snow at night.

Snow can reduce visibility on the roads, and it can be even more challenging at night. According to Pellman's Automotive , there are some winter driving safety tips drivers can follow to make it a bit easier.

First, drivers should make sure their headlights are aimed properly. If they are too high or too low, it may decrease the ability to see what's in front. It's a good idea to always clean off your windshield before starting to drive. Snow and ice scrapers can be purchased at many local auto parts stores.

Next, consider buying windshield washer fluid that won't freeze in winter elements. That way, if snow accumulates on the windshield while driving, it can be washed away. If the washer fluid is not made for winter weather, it could freeze, meaning the wiper blades would have to do all the work. Of course, it wouldn't hurt to make sure the blades are of high quality and aren't worn out.

How to drive in snow with front-wheel drive.

Understanding your vehicle plays a big role in winter driving safety. Tips for driving a front-wheel drive vehicle in snow, for example, may not apply to a rear-wheel drive vehicle, and vice versa.

According to Car and Driver, for front-wheel drive vehicles, the key to recovering from a skid if the front wheels lose traction is to ease off the gas. This will cause the front wheels to slow down, which increases their chances of regaining traction. Then, turn the wheel in the direction you want the vehicle to go.

Driving on icy roads.

Many of these tips apply to driving on both snow and ice, but it's important to note that ice can be present without snow. This can be in the form of “black ice,” which is clear ice that seems to blend in with the black color of the road. Black ice can look like a puddle, or in some cases, a slight glaze on the road.

The USDA says it is important to remain calm if you encounter black ice and start to spin out. The USDA instructs: Do not press your brake pedal. Keep your steering wheel straight if you can. Do not accelerate while your vehicle is spinning out. Turn your vehicle in the direction your vehicle is spinning, as turning it the opposite way can make things worse. When you start to gain traction, turn your wheel in the direction you want to go, and slowly accelerate.

Winter driving tips for truck drivers.

If you drive a large truck in snow or ice (i.e., an 18-wheeler or other large commercial truck), these tips can help.

For starters, it is always recommended that truck drivers drive at a slow, controlled speed. It is also recommended that drivers leave as much room as possible between their truck and the vehicle ahead of them since it could take longer than usual to slow the truck down. Lastly, when truckers brake, they should brake slowly.

Remember that practicing these winter weather driving tips doesn’t mean that an accident won’t happen. That’s why it’s important to have insurance. If you’re looking for a better experience, you can get a quote by contacting Lisa Broadbent Insurance at (302) 731-0044 today!

How to Avoid Hitting a Deer

Tue, 03 Dec 2024 19:57:33 GMT

You're driving on a winding road, when a deer pops out in front of you. Do you brake? Do you try to swerve around it? How do you respond to such an unpredictable event?

Animals seem to have other things on their mind near the roads, and sometimes jump out at cars unexpectedly. To make things worse, when they see headlights approaching, they freeze! That is why the term “caught like a deer in headlights” was created. Avoiding deer and other animals requires a quick response. Unfortunately, it can be challenging to think about what to do, and then do it on the fly. Following these guidelines can help you avoid hitting a deer or other animal.

Fasten your seatbelt

While this will not help you avoid hitting an animal, it is the best way to help ensure safety for you and the passengers in your car. Buckle up during every auto trip! Make sure all your passengers are wearing their seatbelts as well.

Pay attention to animal-crossing signs

There are yellow, diamond-shaped signs on the side of the road with animal pictures on them (deer, moose, bear) that let you know you're in an area where animals are known to cross the road.

Honk your horn in short bursts (for deer)

The Insurance Information Institute suggests that when driving in environments with a high likelihood of deer crossings, drivers should periodically honk their horn in short spurts. This can help scare away any deer that may have been near the road. However, honking the horn too much may confuse the deer and lead them closer to the road, and it can also confuse other drivers, so it's recommended to hold a steady pace and not overdo it.

Be especially alert at dawn and dusk

Animals are most likely to be roaming at dawn and dusk, so stay especially alert during these times to avoid collision.

If a deer appears on the road…

According to the iii, you should avoid swerving to miss a deer, as this can lead to a more serious crash. The instinctual action of swerving can cause more harm than good. You may swerve into the other lane with oncoming traffic, a tree, a fence or road sign. This can increase your chance of injury.

Drive towards where the animal came from

When sensing danger, roaming wildlife are most likely to either stand still in fear or run onward in the direction they are already going. If you feel you can safely maneuver your car, your best option to miss the animal is often to drive towards the direction where it came from.

Be aware there could be more deer following

Deer usually travel in a herd, so most likely there will be more deer following the one that you saw in the road. Always be on the lookout for more deer.

Brake firmly

Per the Insurance Information Institute, unless there is a car directly behind you, brake firmly and safely slow your vehicle. If there is a car close by, slow down, but make sure to honk your horn to signal to the other driver that there is a problem ahead.

Drive at a safe speed.

Speed limits exist for a reason! Following the posted speed limit helps you maintain control regardless of twists, turns and unexpected visitors.

Did you know that Lisa Broadbent Insurance offers comprehensive coverage for personal vehicles? Comprehensive coverage limits your financial loss if you hit a deer and need repairs to your vehicle. So, if you have this coverage on a policy with us and your damages from an animal accident exceed your deductible, we will pay the remaining amount!

Contact us at (302) 731-0044 if you need to discuss your automobile insurance coverage including Comprehensive coverage. Of course, we hope you never have to use that coverage. We wish you the best of luck in your deer collision prevention efforts!

Preparing For A Hurricane

Fri, 08 Nov 2024 21:04:30 GMT

Hurricanes can be especially disastrous because of the many hazards they present; such hazards include high winds, hail, flooding, heavy rainfall and tornadoes.

Taking Precautions

To avoid a claim, be proactive. Clear any debris from your gutters, trim hazardous branches, and remove or secure any outside personal property that could blow away or strike the building. Make sure the roof and flashing are in good condition; if old or worn, replace the roof before a storm hits — most problems occur with roofs that are old, brittle and deteriorated.

Have multiple sets of contact information, in addition to your policy number, ready if you need to report a claim. Know what responsibilities you have under the policy. Back up all sales and accounting records off premises. Check alarm system batteries to ensure that they are working. In the event of an evacuation, lock and secure the premises.

Be mindful that you may need to document damages and take pictures. Prior to any loss, photograph and/or videotape your building and business personal property. Keep one copy of the photographs/videos on hand and the other off premises. To report a claim, call the claims department of the insurance company or our office directly at 302-731-0044 .

Flooding

You can never be too cautious. If your property is located near a river, a creek or a stream, consider moving your computer and other electrical/electronic equipment to the second floor. If that’s not possible, place the equipment on a desk or a shelving unit. Consider covering the equipment with tarps in case water comes through the roof.

Also, if your property is a dwelling rented to tenants, please advise them in advance to be safe by checking outside water levels often during a storm. If it is unsafe to go outside, have them ask a neighbor who has an easy view of the water to be on the lookout. You can also check real-time water flow data for your area online.

In addition, please do not drive onto a roadway or area with flooding. First, you don’t know the depth of the water. Floods waters look shallower than you think, and it only takes 6 inches of water for your vehicle to float away. Please think twice before you need help getting to safety.

Having a Plan

If you do not already have an evacuation plan, an emergency response plan or a flood emergency response plan for your property, create one as soon as possible.

The best way for residents to prepare for a hurricane is to do so before hurricane season arrives:

Locate evacuation routes and shelters
Store water and canned food
Put a first aid kit together
Know where your flashlights and batteries are located

For information about utility shutoff safety, preparedness tips for pet owners and people with disabilities, flood safety awareness and insurance, instructional preparedness videos and more, visit ready.gov.

For information specific to hurricane weather, visit the National Weather Service’s Hurricane Center.

If you need help with insurance needs related to your property and hurricanes, contact a licensed, experienced insurance professional at Lisa Broadbent Insurance at (302) 731-0044 to discuss your options.

Thank you for your support and business. At Broadbent Insurance, we are always here to help. We hope you find this information helpful. Please be safe.

Surprising Factors That Impact Your Home Insurance Rate

Tue, 01 Oct 2024 14:11:25 GMT

Though factors relating to a home’s construction and replacement cost, claims history and the insured’s credit-based insurance score may be significant, there are other factors considered in setting rates that may surprise you.

Type of home insurance policy: There are several different types of home insurance available, which differ in terms of benefits, perils covered, cost and kinds of homes that qualify for coverage. Talking with a licensed insurance agent may be useful to help you understand the different types of home insurance policy types and which may be right for you.
Distance from water: Flood zones play a key role in whether you need flood insurance. If you have a federally backed mortgage, like an FHA and your home is in a high-risk flood zone, you’re required to have flood insurance.
Distance from a fire station: Wherever you live, the premiums you pay for home insurance are likely to be impacted by the proximity of your home to a fire department and fire hydrant. The closer you are to a fire station and hydrant, the greater the likelihood a fire can be quickly extinguished, and severe damage or complete destruction of your home averted. The insurance industry generally uses the Fire Suppression Rating Schedule (FSRS) from the Insurance Services Office ISO) to determine your home’s fire risk.
Dog breed: Having pets, especially certain dog breeds and exotic animals, may also impact your rates or even your eligibility with some companies. Some companies will simply raise your rates to account for the increased ‘bite risk.’ Even if your dog isn’t a ‘restricted breed’, a bite history could also impact your rate or ability to get coverage. However, if you are disabled and have a service animal or emotional support animal with specialty training, discuss this with your provider to see if a lower cost or discount will apply.
Attractive nuisances: If you have attractive nuisances or items on your property that could be potentially dangerous and appealing — especially to children — like a pool or trampoline, you will likely see higher homeowners’ insurance costs or eligibility restrictions. Many home insurers will not insure your property if you have a trampoline or a diving board for your swimming pool.

This is just a snapshot of some of the more common factors that affect your home insurance rates. There are many factors that may affect homeowners’ insurance premiums, including ones that might not be mentioned.

How do endorsements affect your home insurance premium?

Adding endorsements to your policy typically raises your insurance premium because you’re getting more robust coverage.

The cost to add endorsements varies by endorsement type and insurance provider. In many cases, the cost of an endorsement will depend on your personal rating factors. For instance, if you add a scheduled personal property endorsement to cover valuables like jewelry, the cost to add the endorsement will be based on the value of the items you’re insuring.

Although adding endorsements may raise your premium, the enhanced coverage might save you significant out-of-pocket costs if you experience a covered peril.

Here are some common endorsements or additional policies that may be beneficial to homeowners:

Flood insurance: Flood insurance is typically excluded from standard home insurance policies. Although some providers offer flood insurance as an endorsement, flood insurance usually comes in the form of a separate policy purchased from the National Flood Insurance Program (NFIP) or a private insurer. Even if you don’t live in a high-risk area for floods, you may still consider flood insurance. According to the Insurance Information Institute (Triple-I), 90 percent of all natural disasters in the U.S. involve flooding, and flood damage strikes frequently in low or moderate risk areas. Flood insurance is typically a requirement if you have a mortgage, and your house is in a flood plain.
Earthquake insurance: If your home is near a fault line or area where mining or fracking is done, you may want to add earthquake insurance. This type of endorsement typically covers damage caused by a seismic event. However, many insurance providers specify a time after the event. For instance, your policy might note that only damage within 72 hours of a seismic event is covered. Even if you don’t live near a fault line, you might consider earthquake coverage. The National Association of Insurance Commissioners states that 42 states are at risk of experiencing an earthquake.
Umbrella policy: These policies are intended to supplement your personal liability coverage. Liability coverage helps pay for legal expenses and medical costs if someone is injured on your property or you are liable for damage to someone else’s property. If you decide that your liability coverage does not provide enough financial protection, an umbrella policy could help increase your coverage. An umbrella policy may make sense if you have a high net worth, have an attractive nuisance on your property, regularly host parties at your home or simply want a greater level of liability protection for your home and vehicles at a reasonable cost.
Sewer backup policy: Sewer backup insurance is not automatically covered by a homeowners insurance policy. Having this added as an endorsement to your insurance policy will help protect you financially if you experience a sewer or water backup that damages your home or belongings.

There may be other options you may want to add. Speak to a licensed, experienced insurance professional at Lisa Broadbent Insurance at

(302) 731-0044 to discuss optional coverages and additional policies to help create a robust insurance package for you and your home.

Advice For Parents of Teenage Drivers

Wed, 07 Aug 2024 20:25:24 GMT

Learning how to drive is an exciting milestone for many teenagers and often a source of worry for their parents. This concern is more than warranted; teens drive less than other age groups, yet the number of crashes and fatalities for them is disproportionately high—nearly four times the rate of drivers 20 years and older. This underscores the important role that parents play in reducing the risk of terrible outcomes by supporting their teens as they learn safe driving practices.

Auto accidents involving young drivers are often more severe and therefore more likely to necessitate coverage from a personal excel liability policy, also known as an umbrella policy. This coverage can offer protection for accidents once the underlying limits of the auto policy are met.

Unsurprisingly, distracted driving, particularly when a cell phone is involved, is a common cause of accidents involving young drivers. Others causes simply reflect teenagers' lack of driving experience.

Parents play the most important role in building safe, skilled young drivers by setting a good example and discussing safe driving practices with their teens. Plan a series of practice sessions with your teen driver that include a wide variety of situations where you can provide guidance, such as driving at night and in bad weather. Continue to teach and supervise your teen as they graduate from a learner’s permit to a license.

Talking about safe driving with your teen is important but to take it a step further, you can also ask them to agree to safe driving and get it in writing with a parent-teen driving agreement. This can help ensure that your young driver hears you and helps them understand the rules of the road, plus the potential consequences of breaking them.

Restrict Teenage Passengers

Studies have shown that the crash risk for teen drivers increases when there are teenage passengers in the car. Passengers can easily distract a new driver, and their presence may also lead to greater risk-taking. The best policy is to always restrict teen passengers.

Restrict Night Driving

The most severe teen crashes occur between 9 pm and midnight. Night driving requires more skill behind the wheel and even teens who usually follow safe driving practices can be at risk. Setting restrictions around unsupervised driving after 9 pm can help increase safety.

Limit Driving In Bad Weather

While inclement weather makes driving more dangerous for everyone, teen drivers are more likely to lack the experience to react safely in poor conditions. Limit your teen’s unsupervised driving in severe weather until they gain more experience.

Enroll In Driver's Education

Enrolling your teen in a driver safety course is a great way to help them learn safer driving techniques in a controlled environment.

Choose A Safer Vehicle

The best vehicle for your teen is one that reduces their chances of crashing and offers protection from injury. Although they may be drawn to smaller-sized or high-performance vehicles, these introduce dangerous risk factors: small cars don’t offer the ideal protection during collisions, and inexperienced drivers can easily lose control of high-performance vehicles.

Emphasize The Importance Of Seat Belts

Teens and young adults have the lowest seatbelt use rate in the U.S. Just because your teen wears their seat belt while you are in the car doesn't mean it will be worn when they are driving alone or with peers. Insist that every member of your family gets into the habit of wearing a seat belt, even in the back seat or during very short trips.

Nearly 50% of teenage auto fatalities in the U.S. happen in the summer between Memorial Day and Labor Day, according to Cambridge Mobile Telematics, as teens often enjoy more freedom and are more likely to be driving with young passengers during the summer months. Parents should be even more cautious during this time, keeping in mind the importance of restricting night driving and passengers.

Technology That Supports Safe Driving

Since the middle of the 20th century, innovation has improved outcomes when it comes to auto accidents. Ralph Nader’s monumental work around seatbelts led to the National Highway Traffic Safety Administration and then the implementation of airbags.

Today, there is no shortage of technology and innovations that help to foster a safer driving experience for teens. According to a 2021 study by the Insurance Institute for Highway Safety, safe-driving technology has the potential to prevent up to three-quarters of deadly crashes where teen drivers are involved.

Another auto safety study of in-vehicle monitoring technology found that young drivers are more likely to adjust their driving behavior if their parents were notified of instances of risky driving. In-car features like those offered by Buick™, Cadillac™ and Chevrolet™ allow parents to program limitations on speed and location. There are also many apps that help your teenager resist distractions like text messages and music. We recommend researching these devices and apps before deciding which one may fit your family's needs best.

Our experienced agents at Lisa Broadbent Insurance are available to assist with your teen driver’s insurance needs. Call a representative at Lisa Broadbent Insurance at (302) 731-0044 and discuss your options.

How Does Your Roof Age Affect Home Insurance?

Tue, 02 Jul 2024 14:34:50 GMT

Your roof is the first line of defense between your home and environmental hazards such as hail, wind and more. It’s an important part of your home and is also very pricey to repair or replace. Because of this, a roof is a very important factor in determining your homeowner insurance rate.

Does the type of roof affect home insurance?

Where you live is a big factor in your homeowners insurance rate; but roof type, including the shape and material, also plays a part in your home insurance. A roof on the coast is more likely to be damaged by strong winds than a roof in a rural inland community – and a hip-shaped roof made of steel may be less risky to insure than a flat roof made of asphalt. Insurance providers take a lot into account when rating your risk and your roof can affect your coverage.

Can I get homeowners insurance with an old roof?

If your roof is old, getting standard home insurance coverage may be a little challenging, but don’t despair – there are options. Depending on your situation, your homeowners insurance may be written with actual cash value on the roof, rather than replacement cost. Your agent can show you how to best handle your roof’s insurance coverage situation.

Let’s dive deeper into the factors that may determine a roof insurability and how a roof can affect your insurance.

Roof factors that can affect your insurance:

Roof’s Age

Newer roofs typically get a lower rate. The older a roof, the more susceptible it becomes to damage – making it riskier to insure. Some older roofs, usually 20 years or older depending on material, may not even be eligible for homeowners insurance coverage at replacement cost. If you’re looking at an old roof and can’t replace it, talk with your agent about their recommendations. Your policy may be written on an actual cash value instead of replacement cost or your policy may be written with coverage for the roof excluded.

Condition of the Roof

Even newer roofs may not be in good condition if they have not been cared for properly. It’s your responsibility as a homeowner to fix any missing shingles, repair leaks, etc. to keep your roof in good shape. The condition of your roof may play a part in the insurance rate – so it’s best to keep it in tip top condition.

Roof’s Shape

The shape of your roof may or may not have an impact on your insurance, depending on your insurance carrier’s needs for their rating. It’s interesting to know that certain roof shapes can withstand windstorms better than others. The 3 main roof shapes are:

Hip roof
A hip roof is made with an incline on all four sides, so it slopes down. Insurance providers love this because it can take stronger winds than other roof shapes with less likelihood of damage. Because of this, hip roofs usually have lower premiums.

Gable roof
A gable roof is widely used in today’s homes. It has two slopes on each side but the roof line at the front and back of the house stops at a point. While they don’t typically hold water and debris, they are also susceptible to wind damage. In high-wind storms or during hurricanes, a gable roof is more likely to collapse or lift off the house.

Flat roof
Having no slope at all, a flat roof may pool water, which can cause damage to the roof in the long run.

Material of the Roof

Just a quick drive through your neighborhood will show you not all roofs are made the same. The material of the roof can play a part in determining its insurability because some materials are more durable (and more expensive to repair or replace) than others.

Here are some common roof materials:

Wood
Wood roofs are hard to insure because they are not fireproof unless a fire retardant has been applied. Wood shingles or shakes are typically the least favored by insurance companies and will typically add an additional surcharge to your premium.

Metal
A metal roof is the most durable and fire resistant of the roof types, making this a fan-favorite with most insurance providers.

Asphalt
Affordable, durable against most elements, and long-lasting, the asphalt roof is the most used roof material. A con to this popular roofing material is they may decay easier than metal or slate.

Slate or Tile
Similar to metal, slate or tile roofs are low maintenance and usually hold strong against rotting, insects and debris and fire; however, unlike a metal roof, slate and tile may be more prone to cracking.

Can you use home insurance for your roof?

If you’re hoping to use your homeowners insurance to get a new roof, you need to know how the coverage works before you get your hopes up. Your homeowners policy will detail the coverage you have for your roof, but typically a homeowners policy will cover repairing or replacing a roof only if the damage was done by a covered peril (such as a fire, hail, windstorm, etc.). If your roof is old and it’s time to get a new one, it’s your responsibility to handle it, and your home insurance will not cover it. Additionally, it’s your duty as a homeowner to take care of the roof and replace any decaying or damaged shingles.

Your roof is important. Make sure you have proper coverage by calling Lisa Broadbent Insurance at (302) 731-0044 and discussing your homeowners insurance today!

Does Homeowners Insurance Cover Foundation Problems?

Wed, 05 Jun 2024 18:42:13 GMT

Your home’s foundation is the support apparatus for the rest of the dwelling’s structure. As a result, it’s easy to assume that your homeowners insurance will cover any damage to the foundation under all circumstances. However, this is not necessarily the case.

While, yes, your home insurance will cover foundation damage, it will only do so in qualifying circumstances. All in all, the cause of the damage will be one of the deciding factors in determining whether your home insurance will pay to repair your foundation.

What Does Home Insurance Cover?

Homeowners insurance is not unlimited coverage for every household maintenance task. It’s only designed to protect you in the face of unexpected, unavoidable accidents in your home. Therefore, regular maintenance costs, like a faulty AC system or leaky roof, will not have coverage under your policy. However, damage done from a sudden hazard like a fire, severe weather or break-in.

Where Does Foundation Damage Fit into Your Home Insurance Policy?

To figure out if you can file a home insurance claim for foundation damage, you need to figure out what happened to cause the damage.

In many cases, foundation cracks or other defects will result from simple wear & tear and terrain shifts that occur over time. Additionally, it’s a regular part of your household maintenance duties to inspect and repair your foundations. Therefore, if your foundation simply needs regular maintenance and typical repairs, your homeowners insurance is unlikely to cover you.

However, there are situations where a disaster will damage your foundation, and in these cases, your homeowners insurance will cover the damage. For example, you’ll typically have coverage for:

Water damage from a broken pipe or water backup. You would need to carry coverage for the specific type of water damage that caused damage to your foundation.
Falling trees or any other objects that impact your foundation.
A covered structural collapse that cracks or separates your foundation.
Gas explosions and fires.

When it comes to coverage for earthquakes and earth movements, you might have to take a few additional steps. You will likely need to add an earthquake insurance endorsement to your home insurance policy or to buy a separate earthquake insurance policy.

What if You Need to Move Out for Repairs?

Foundation repairs often involve major structural work to your home that could cause you to temporarily have to move out. If your home insurance covers your claim for the repairs, it may also help with any additional living expenses.

If you have questions about how to get the appropriate homeowners insurance to protect your foundation, contact one of our agents at Lisa Broadbent Insurance at (302) 731-0044 . We’re committed to helping you always maximize your plan to your advantage.

Cyber Liability Is a Question of “WHEN” Not “IF”

Thu, 02 May 2024 16:09:30 GMT

Data drives the organizations of today’s world. Businesses of all sizes have had a cyber-attack or data breach, with the average cost to rectify rising to $6.5 million per occurrence.

One stolen laptop, one careless employee, a virus or even paper records that fall into the wrong hands, can create a financial and reputational consequence affecting your business for years to come.

What Does Cyber Liability Insurance Cover?

With a comprehensive cyber liability policy, you can feel confident you’re covered in case of data breaches and related issues, including:

Data compromise protection to cover employee and customer information if your data should ever be hacked, stolen, corrupted, or subject to procedural errors or internal fraud.
Legal cost protection incurred by legal reviews.
Forensic services to assist in determining the nature, extent, and perpetrators of an electronic breach.
Personal services for any persons affected, which may include help line services, credit monitoring, and case managers for identifying theft victims.
Public relations costs paid for firms to review and respond to the potential impact of the data compromise.
Costs of legal defense, in an event that the company is sued due to the breach.
Identity recovery protection to identity fraud victims and restore their credit history and records. This includes owners, employees, and family members.

We can help protect your business against damage to electronic data, virus or malware attack, liability to third parties, and help recover the cost of:

Restoring and recreating data to your system.
Restoring systems to pre-attack levels.
Lost business and unforeseen expenses.
Public relations services to communicate with outside parties concerning a computer. attack, as well as your public response.

Who Is Cyber Liability Insurance For?

Cyber liability coverage is available for any business, small and large, nonprofit organizations, and retailers. You may be able to save on costs by bundling coverage with another policy to create a comprehensive suite of business liability coverages.

We can help you assess the risks to your business and get you the protection you need in today’s data-reliant world.

Why We're Different

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.

After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your business.

Contact Lisa Broadbent Insurance at (302) 731-0044 today to discuss with us how Cyber Liability Insurance can help you protect what matters most.

How to Keep a Safe Home This Spring

Thu, 04 Apr 2024 14:37:59 GMT

It’s spring-cleaning time, and most of us are probably making a list of the essential maintenance tasks that we are eager to undertake in the next few weeks and months. What better time to think about a few things that you can do to make your home safer and more secure as you work to spruce it up?

No matter how safe your neighborhood, your home is not immune to damage risks. It’s also not immune to the potential for a thief to break in, and if they do, they could damage the property and steal your belongings. It’s at this time that your homeowners insurance can come in handy. Still, it’s best to minimize theft risks as best you can.

Safety Tips for Your Home’s Security

The spring is a great time to make home security improvements. As you make security changes, the less vulnerable your home will be. As a result, your risk to your home insurer could drop. Here’s what to do:

Consider installing a home security system . Some systems are very comprehensive, and might include doorbell cameras, alarms, internet connectivity and automatic lines to the police. Other systems are simpler, but can provide great protection for the home. Some systems don’t even require experts to install; you can set them up on your own time.
Inspect your home’s locks . If you find that locks are weak or have corrosion, then replace them. A broken lock is as good as an open door. Lock technology has advanced considerably in the last few years, and when upgrading locks, you might be able to install keypads, internet-controlled or smart-phone-enabled locks.
Increase security around your windows, crawl spaces or basements. Change the locks as needed. Add screens, jammers and other items to limit someone’s ability to open these items.
Place automatic lighting around the home. Use timers on certain interior lights, which can come on when no one is at home. This can give the impression to potential predators that someone is home even when they aren’t. Also use motion-sensor lighting outside the home. They can illuminate when something passes them, and alert you to a prowler outside.
Keep the home’s exterior in good shape. Upkeep shows that someone lives there, cares about the property and takes security seriously. Thieves might be less likely to break in if they believe someone is home.
Get to know your neighbors. If you live near people you trust, they can keep an eye on the property and alert you to potential dangers.

Of course, don’t forget to invest in a quality homeowners insurance policy. These policies can help owners repair damage and replace lost property following break-ins. Both dwelling coverage and possessions insurance can be instrumental in helping you when unfortunate break-ins occur.

Contact an agent at Broadbent Insurance (302) 731-0044 today to discuss your homeowners insurance options and allow us to make sure your home and property are safe.

Surprising Reasons that You Might Pay More for Car Insurance

Mon, 04 Mar 2024 20:14:11 GMT

High risk drivers are likely to pay more for their auto insurance because they are more likely to cost the insurer a lot of money.

Insurers calculate your risk rating based on how likely you are to file a claim and how much that claim is likely to cost them. Your risk level is based on a variety of factors, and the higher risk you pose, the higher premiums you may pay. After all, the riskier and more expensive you are to insure, the more your insurer is likely to charge you.

If you ever get a ticket, have an at-fault accident or increase your car insurance policy’s limits, then you should not be shocked to see your car insurance premiums go up. However, there are a lot of other reasons that your auto insurer might increase your premiums. Some of them might surprise you.

Let’s take a closer look at some of the more surprising reasons that your car insurance premium might rise, and what you can do to help stabilize your rates.

You Are Getting Older

Age is a factor that can influence car insurance rates. One of the most obvious examples of this phenomenon is when a teen driver pays a much higher premium for their car insurance than their sibling who is in their 20’s. A teen driver has very little experience behind the wheel compared to seasoned drivers. Therefore, they are much more likely to have a wreck.

However, old age is also a factor that could drive up your rates. Even though you have a lot of experience driving, you might no longer be as spry as you once were. Reflexes, eyesight and reaction time all help you drive safely. As you get older and these faculties slow down a bit, your risk of a wreck might go up. Therefore, this factor might drive your rates.

You Move to a Busier Area

In some communities the risks of car wrecks, vehicle theft or other losses are very high. For example, if you move from a small town to a large city, then there is a lot more traffic on the road around you. There are also higher risks of vehicle theft and other property crimes. As a result, you have a higher risk of having to file a claim on your policy. Therefore, you might have to pay more for your plan.

You are Single

Some studies suggest that married people are better drivers than single individuals. Therefore, some insurance companies will charge a single driver more than a married one (all else being equal).

Plus, single drivers who only need to insure one car often do not qualify for multi-car insurance policies. Comparatively speaking, families might save money through a multi-vehicle plan option as opposed to insuring all the drivers and cars in their households under separate plans. Still, not all insurers will charge you more just because you are single.

You are a Loyal Customer

If you have stayed with the same insurance company for numerous years, then you might pay a higher rate than someone who just joined that company. This surprises many drivers, since a lot of insurance companies reward discounts to those who have stayed loyal to them over the years.

However, some insurers offer lower rates to customers who have a history of changing companies frequently. They might do so to maintain those clients’ business and remain competitive in the market. Some consumer protection groups even have found that certain insurers will take the risk of raising a loyal customer’s rates because they know that person is likely going to remain a customer.

You Have a Lower Level of Education

If you have not finished college, then you might pay more for your car insurance. While it is hard to determine exactly what causes these higher rates, one reason might be financial.

Those without college degrees tend to make less money than those with more professional training. As a result, they might not have the financial reserves available to pay for the costs of accidents out of pocket. Therefore, they might be more likely to file a claim against their car insurance for a vehicle loss.

A higher reliance on car insurance claims, therefore, could drive up someone’s rates. This is particularly true because insurers often look at someone’s history of filing claims when developing quotes. If they see that you have made a lot of claims in the past, then they might guess that you have a higher risk of filing another one in the future. Therefore, you might have to pay more.

What’s important to remember, however, is that no single factor is going to be a make-or-break deal in increasing or decreasing your car insurance premiums. Instead, the combination of numerous factors will play the deciding role. The best thing to do to ensure that you get affordable rates is to talk to an independent insurance agent. They can help you compare the policy offerings of numerous carriers to find the plan that offers you the best affordability.

Contact an agent at Broadbent Insurance (302) 731-0044 today to discuss your auto insurance options and allow us to give you an estimate on the coverage that is best for you and your family.

Do Entrepreneurs Need Business Insurance?

Thu, 08 Feb 2024 15:31:14 GMT

Being an entrepreneur is no piece of cake. You are going out on your own, venturing into a new industry and the future is unknown. Many factors will contribute to whether your new business will be a success or not. One of those factors is whether you purchase comprehensive business insurance from the get-go. Below, we will discuss what types of business insurance you should consider as an entrepreneur who is starting your own company.

Types of Business Insurance for Entrepreneurs

Business Liability Coverage

No matter what industry you are in, no matter what you are selling — service or product-wise — it’s essential to have liability coverage. This coverage is in place to protect you in the event of someone holding you liable for an injury or accident caused by your products or services. Likewise, if you are a professional offering a service, you can protect yourself from claims of negligence or errors. A certain amount of liability coverage may be required, but you may also opt to purchase additional liability coverage for your full protection.

Business Property Coverage

Property coverage protects your office location and interior property (furnishings, technology, production equipment, inventory, etc.) from natural disasters, fires, theft and other unexpected events.

Business Auto Coverage

If you or any of your employees must drive for your business, you’ll need business auto coverage. Remember that you’ll need this type of coverage even if you will be driving your own personal vehicle(s) or if your employees will be driving their own personal vehicles. If the purpose of the driving is business-related, regular auto coverage won’t cover any accidents or auto damage.

Data Breach Coverage

All businesses — in all industries and of all sizes — must have data breach coverage. This type of insurance can help pay for your expenses if your data or network is breached by hackers. Cyber-attacks like these are on the rise around the nation and can cripple a business that is just starting up. Data breach coverage can take care of ransomware payments or related IT costs that help you recover your data or system access. It’s a good idea to have it from the very beginning to prevent such expenses from putting your business under.

Speak with a Business Insurance Agent at Broadbent Insurance (302) 731-0044 to learn more about business insurance for your entrepreneurial endeavor. We can help you understand your options.

Getting Life Insurance After You Turn 65

Wed, 03 Jan 2024 14:30:27 GMT

With age comes wisdom, and probably a lot of the financial stability that you have longed for throughout your life. Still, getting older means facing the fact that eventually the inevitable will happen. Naturally, you want to make sure that when you do pass away, that you can leave a strong financial legacy to your family. One way to ensure their continued comfort is with life insurance.

Still, getting life insurance later in life, particularly at the age of 65, can come with its hurdles. Age, health and other factors might limit your ability to qualify for or enroll in coverage. Still, it is completely possible to get adequate coverage, despite the extra steps you might have to take.

Age and Life Insurance Risks

All insurers want to know their risk of insuring individual customers. After all, their job is to pay customers money when they file a claim. The insurer wants to gauge the likelihood of that happening. Therefore, both your eligibility for and premium on any given insurance policy is going to vary based on the risk profile the insurer develops.

Usually, older people represent higher risks to insurance companies, for relatively straightforward reasons. Life insurance pays out when you die. Therefore, if you are older or have more significant health issues, then you are certainly more likely to die than someone 30 years younger.

As a result, as your age increases, life insurers will begin to view you as more of a risk. At this time, they might charge you more for your coverage, and many will even decline to insure you due to your advanced age. Nevertheless, older and retired individuals can still qualify for coverage. It just might take some extra work.

Finding the Right Coverage

Most older individuals, especially those who are retired or past the age of 65, can still benefit from life insurance. Therefore, it is almost never too late to consider buying a policy. Older people can usually qualify for both whole- and term-life policies, though there will often be limitations on the precise coverage they can get.

For example, some term-life policies have cut-off dates at age 75. A 65-year-old might therefore only qualify for a 10-year policy. Other policies might have medical exam requirements for enrollees, and an older individual with health conditions might not pass the test. Still, there are no-exam policies available.

Getting the right coverage will take coordination with your insurance agent. They can discuss your coverage options, help you choose benefits, and ultimately assist you in developing a tidy policy that will leave a neat sum to the survivors you love.

Call Lisa Broadbent Insurance at (302) 731-0044 to discuss your life insurance options with our team of experts today.

How Will My Credit History Impact My Life Insurance Rate?

Tue, 05 Dec 2023 19:37:43 GMT

REFERENCE SOURCE:  WWW.INSURANCENEIGHBOR.COM

Your credit score carries a lot of weight in many life activities, including renting or purchasing a home, being approved for a credit card or personal loan, and will affect the interest rate you are offered when buying or leasing a car or other item.

While your credit rating does not have a direct impact on your life insurance rate, the data on your credit report, such as past or current bankruptcies, can affect the interest rate or cost or premiums, or being approved by an insurance provider. It is not uncommon for insurance providers to make a soft inquiry into your credit report during the underwriting process.

What Insurers Look for in Your Credit Report

When underwriting a life insurance policy, the insurance company will review a range of available information, including some information found on your credit report.

Bankruptcy:  Financial obstacles and missteps can happen due to unforeseen circumstances, with the best option available being filing for a fresh financial start. For a life insurance company, however, bankruptcy is a red flag and may lead to higher premium costs. An older bankruptcy on credit report is far less likely to be considered a risk. After a bankruptcy debt discharge, waiting 12 to 24 months can allow you to become eligible for more affordable premiums.
Payment history:  During the soft inquiry into your credit history, insurance providers often review your payment history. If you missed too many loan payments or credit card payments, this may suggest that you may be unable to cover the cost of your monthly insurance premiums.
Collections:  Insurers may also look for any bill payments that went to collections.
Credit card balances:  An insurance company may consider you a financial risk if you carry large credit card balances.

There are other types of credit history, such as recently opened lines of credit and how long you have had credit, which could also play a minor role in your life insurance rates. Additionally, insurers may also look at your driving record to see if you have had many tickets or accidents, which could indicate that insuring you may come with higher risks. Whatever your situation, our local agent has access to many top-rated life insurance providers, and can help you, no matter what issues get in the way, including credit problems. We always search for the best coverage at the lowest rates and have access to the best options on the market.

Your credit report is only one of several factors that providers will review to determine your eligibility and rates when you apply for life insurance. As a consumer, even if your credit report has some blemishes, other positive sources of data in other areas, your options may be more affordable. Every insurance company and policy offer various options. With the help of one of our local agents, you can have the personal guidance you need to make the best decision and find a life insurance policy that works best for you and your budget.

Call Lisa Broadbent Insurance at (302) 731-0044 to discuss your life insurance options with our team of experts today.

Getting Homeowners Insurance With A Mortgage

Wed, 01 Nov 2023 20:02:35 GMT

Most people do not have the money to pay for a new house in-full at the time that they buy it. As a result, they will usually take out a mortgage or other financing to finalize the purchase.

When you finance your home, you will have to repay the loan to the bank over a period of years. During this time, the bank has an investment in the property. So, if something happens to your home, then you are not the only party who might lose out financially. Your lender will also still expect to be repaid their mortgage, even if a tornado were to destroy your home. It is currently that your need for homeowners’ insurance is critical.

Most mortgage lenders require property owners to purchase homeowners’ insurance. At this time, you must carry coverage that meets the lender’s expectations. Usually, they will institute a replacement cost value (RCV) dwelling coverage requirement on the property. Here is how it and its counterpart, actual cash value (ACV) coverage, work.

Replacement Cost Value Coverage

A RCV homeowners insurance policy insures your dwelling based on the price it will cost to rebuild, at today’s rates. Replacement cost value is not the sticker price that you paid for the dwelling and the rest of the property. Instead, it is the value of the house itself, which is different from the price of the property, even though it is the most substantial part of your property value in most cases.

The benefit of RC coverage is you will be able to repair or rebuild a damaged home to exactly the way it was before the loss occurred. However, the drawback is that you will need to periodically clarify with your agent that your coverage is still adequate, given that construction and replacement costs often change.

Actual Cash Value Coverage

An alternative to RCV coverage is actual cash value insurance, which is both exceedingly rare and inadequate for use in dwelling insurance. If the value of your dwelling decreases over time, such as due to age, then an ACV policy will only pay based on the value of the house at the time of the loss. This is far from adequate when it comes to building an entirely new home, or to making extensive repairs. These policies are seldom offered to consumers today.

Once your lender tells you what type of coverage they require, your insurance agent will be able to help you design the right benefits. RCV policies are by far the best coverage to carry, and your agent can ensure that you receive the right balance of benefits for your needs.

Call Lisa Broadbent Insurance today and we can review your homeowner’s insurance options at (302) 731-0044 .

Property Damage – Things To Remember

Mon, 02 Oct 2023 21:29:47 GMT

In the unfortunate event that you experience property damage, here is information you may want to have filed away. Remember, it’s not only natural disasters that can cause property damage but also fires, water leaks, and human error.

When an incident does occur, it’s essential that you act swiftly to ensure your safety, prevent further damage, and get your insurance claim started. With that in mind, here are some general guidelines and best practices to keep in mind:

1. Prioritize safety. Ensure the safety of yourself and others by evacuating the premises if necessary. In case of emergencies such as fire or gas leaks, contact the appropriate authorities immediately.

2. Notify us. Reach out as soon as possible to your insurance agent to discern when and if we need to start the claim process. When communicating with the carrier, document all conversations, including dates and names of insurance representatives.

3. Document damage. Take photographs or videos of the affected areas before cleanup or repairs. List all damaged/lost items, including their estimated value.

4. Prevent further loss. Take preventive measures such as placing a tarp over a leaking roof or turning off utilities. Remember, don't make permanent repairs or dispose of damaged items before consulting with us.

5. Keep receipts. Keep receipts and invoices for temporary repairs, accommodations, and supplementary costs.

6. Be proactive with contractors.

Gather two to three estimates from reputable contractors.
Be wary of individuals who make be taking advantage of a situation by sweeping into your neighborhood after a catastrophic event. And remember, never pay for services upfront.
Once you hire contractors for cleaning, removal, or restoration, be sure to discuss what can and cannot be discarded to avoid accidental loss of valuable items.

While we hope you never experience property damage, we want you to be prepared and informed if you do. And remember, you won’t face it alone – we’ll be here to support you and answer any questions you may have.

Call Lisa Broadbent Insurance today at (302) 731-0044 if you have questions or need help in determining if you have the right property insurance to protect you and your family.

What’s Considered a Natural Disaster and Am I Covered?

Tue, 05 Sep 2023 19:29:46 GMT

Natural disasters happen. Although no one can predict when they will occur, homeowners’ insurance can give you peace of mind. First, however, it is essential to understand what qualifies as a natural disaster under the terms of your policy. Homeowners insurance covers a vast range of natural disasters, including those caused by fire, tornadoes, hail, explosions, windstorms, volcanoes, hurricanes, and extreme cold. That said, homeowners’ insurance does not cover some natural disasters, such as floods, earthquakes, and mudslides.

Examples of Natural Disasters Homeowners Insurance May Cover

It would be best if you didn’t have to guess about which natural disasters a homeowners insurance policy covers, so be sure to ask questions and consult with your agent to clarify these points. In addition, you should be clear about the coverage limits of your policy. Without adequate coverage, you might end up having to foot the bill for something you did not expect to pay.

Here are some examples (there are many others) of natural disasters and how your homeowners’ insurance policy can be applied:

Fires: Unless you live in an area particularly susceptible to wildfires or when a fire was set on purpose, your homeowners insurance policy should cover fire-related damage. Additionally, if you have very valuable items in your home, such as fine jewelry, you should have them appraised for a scheduled personal property endorsement. Otherwise, they will have little or no coverage.
Extreme cold: Homeowners insurance policies typically cover damage caused by extreme cold. For example, if your home or personal belongings are damaged from the weight of ice or snow, they will likely be covered. On the other hand, if ground snow melts and seeps into your home, resulting in water damage, this is likely not covered unless you have a separate flood insurance policy.
Hurricanes: A hurricane can cause severe structural damage to your home, and you may also lose some cherished personal items. While damage and losses caused by wind and hail are usually covered, flood damage is separate in most cases. You will likely need a different policy to cover these events, so be sure to ask your insurance agent to ensure your property is protected.

The coverage your homeowners’ insurance provides can help ensure that no matter when the unexpected happens, you will not have to worry about the costs. When you work with an agency that is committed to serving the community, you can expect personalized service, and assistance in finding the best insurance with the most reasonable rates.

Keep Your Home and Property Protected with Homeowners Insurance

A natural disaster could potentially cost you everything, but homeowners insurance can help cover these losses, so you can protect what matters most to you. Our agency will work with you to understand your needs, ultimately finding the most effective policies to protect your home and belongings at a price you can afford. With our team at your side, you can rest easy knowing that you will be prepared whenever nature strikes.

Contact Lisa Broadbent Insurance today and we’ll help you determine what level of homeowners’ insurance you need to protect your home from natural disasters. Call us at (302) 731-0044 to discuss with our expert team today.

The Essentials of Motorcycle Insurance

Wed, 02 Aug 2023 13:21:51 GMT

The three essentials for feeling truly free on a ride:

A protective helmet
A solid jacket and foot protection
A bulletproof motorcycle insurance policy for you and your passenger

Whether you’ve got the ride of your dreams or you’re saving up for your perfect bike, there’s only one way to enhance that feeling of leaving all of your worries behind.

Motorcycle Insurance: do you really need it?

Owning a motorcycle can be one of the most exhilarating things in life, but according to the National Safety Council, a motorcycle accident that result in serious bodily harm happens every 6 minutes in the United States.

If you think motorcycle insurance is a “wasted” expense, think again. Insurance is more about managing your risks than anything else. Without insurance, all it takes is one accident to drain your savings or your ability to pay medical expenses.

Even if it is off season and your bike is just sitting in the garage you need to have coverage otherwise it will not be insured even if there is a house fire. Your homeowners, renters or condo policy excludes your bike. So make sure you keep your bike insured throughout the entire year.

We are here to make sure you have the right coverage for your needs, and that means we will do our best to get you the best coverage for the most reasonable cost.

What are your coverage options?

There are mandatory minimums, of course, but you may wish to consider other options on your bike, which are reasonably priced extras that can give you more comprehensive coverage and better peace of mind, including:

Additional liability coverage
Collision
Comprehensive
Roadside assistance
Bike accessories
Total loss insurance
Rental vehicle coverage
Trip interruption coverage
On road insurance for off road vehicles

When you need the best motorcycle insurance

You can trust our team when you need to decide on insurance for your bike. As an independent company, we are not tied to just one insurance company. We have several A-plus-rated insurance carriers we can shop with, to make sure you get the very best Motorcycle Insurance and the lowest premiums.

Why we are different

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.

After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your business.

Contact Broadbent Insurance Agency today and we'll help you protect what matters most. Call us at (302) 731-0044 to discuss motorcycle insurance and any other insurance need you might have.

Flood Insurance – A Little Known Fact

Mon, 05 Jun 2023 18:38:07 GMT

Did you know that your homeowners insurance does not cover flood damage? Insurance against flood must be obtained separately. A flood insurance policy also reimburses you for the work that you and other family members did to sandbag your homes, move furniture and remove debris.

The Federal Emergency Management Agency’s (FEMA) maps are important when it comes to flood insurance because if they show that your home sits in a 100-year flood plain, you must buy federal flood insurance in order to get a mortgage. If you live outside a high-risk zone, or if you no longer have a mortgage, flood insurance is optional.

Broadbent Insurance Agency offers free, comparative quotes on flood insurance from multiple insurance carriers so you can get the best possible rate. Want to see how much we can save you? Call us at (302) 731-0044 to request a quote to find out.

Purchasing an Electric Bike? Consider Ebike Insurance

Tue, 02 May 2023 19:26:55 GMT

Ebike insurance is a specific type of insurance policy designed to protect electric bicycles. Ebike insurance is a multi-faceted policy, and it includes coverage for things like theft, vandalism, accidents with a vehicle, medical payments, property damage you cause while riding, and even roadside assistance if your ebike's battery dies away from home.

Do you need insurance to ride an electric bike? No, Ebike insurance is not legally required in order to ride your bike. Although some insurance companies classify Ebikes as a motorized vehicle, you don’t need insurance for an Ebike as you do with a car. The decision to purchase Ebike insurance is personal and, depending on the value of your Ebike and your existing insurance policies, you might not even need it.

Ebike insurance prices are as low as $100 per year but the cost of Ebike insurance is different for everyone. It depends on certain factors, like the type of Ebike you have, the value of the bike, the coverage limit on your policy, your deductible, endorsements, discounts, and the insurance provider you choose. Unlike other kinds of insurance, your personal profile, like your age and credit score is probably not going to affect your rate.

Ebike insurance can be worth it, but it’s not necessary for every Ebike owner. If you have a home, renters, or condo insurance policy, your Ebike may be automatically covered up to a certain amount. However, personal property coverage won’t have the unique protections you’ll get with a standalone Ebike insurance policy, like roadside assistance, replacement cost coverage, or membership group discounts. If you want the added protection for your bike and yourself, purchasing an Ebike insurance policy can be worth the cost.

Through our initial research, we determined that the market for Ebike insurance is small, and interestingly, most of the providers underwrite their policies through Markel Insurance. However, we identified eight standout providers and closely evaluated each one based on criteria like policy offerings, coverage limits, unique features, price, and ease of use. We then gave preference to companies that offered discounts and provided international coverage. It was from this list that we chose our top five.

We are happy to offer Ebike insurance at Broadbent Insurance. Just give the office a call at (302) 731-0044 and we would be glad to insure your Electronic Bike for you!

The Real Reason You Can’t Pet Service Dogs

Mon, 03 Apr 2023 20:47:05 GMT

You've likely seen a sweet-looking guide dog leading its handler around treets and stores before and you may have wondered, "Can I pet that dog?"

In short, the answer is no. If you see a dog wearing a harness, vest, or cape, assume it's working. Service dogs provide mobility, guidance, comfort, and companionship for their handlers and interfering with what the team is doing could result in a potentially dangerous situation.

There are many reasons you shouldn't pet service dogs, including:

It's distracting the dog from its job

You wouldn't try to distract and engage an air traffic controller talking to them to get their attention while he or she is working, would you? No! That would be dangerous. The same goes for a service dog. When you see it out and about, assume it's working and on-duty to keep its handler safe.

"If people in the general public either pet, talk to, make eye contact with any assistance dog, it can distract the animal from its work and then the dog is going to not pay attention to tasks it needs to perform,"' says Rivi Israel, guide dog program manager, Guide Dog Foundation & America's VetDogs. That can also distract the handler and put their safety in jeopardy.

By petting a service dog, talking to it, or trying to offer it food, you're detracting it from its ability to give its full attention to keeping its handler safe. "A lot of people have balance issues and if the dog moves in one direction because it's accepting a greeting from a stranger and the handler isn't fully aware of it, it can throw the person off balance and caused them to fall," says CJ Betancourt MD, executive director, The Foundation for Service Dog Support.

Making eye contact could be just as distracting

A lot of people don't really think that even making eye contact with the service dog is a distraction, but it actually is because if the dog looks you in the eyes it could lose focus on his/her job, says Israel. "We teach the dogs at our foundation to avoid distraction whether it be a person with a pet dog or somebody trying to feed the dog or pet it," says Israel. Even if they've received excellent training, they're still dogs first and sometimes can't help but practice instinctual behaviors.

The dog is working, even if it's not doing anything

There are several jobs a service dog is trained to do, depending on the handlers' needs—and many of these are invisible. Some handlers need their dogs to get them medicine, to notice seizures, to be aware of a scent that indicates rapidly decreasing blood sugar levels for a diabetic, or, to sense if their handler is uncomfortable and about to experience a PTSD episode. Even if a service dog is sleeping, assume it's working (and don't wake it up from its nap! Who wants that?). And never ask a handler what their disability is, advises Israel.

It could be against the law in your state

OK, we know that you wouldn't do this, but if someone tries to maliciously or recklessly interfere with or impede the duties performed by a guide dog or service dog, that could be a misdemeanor offense or even a class 6 felony, in some states, including in Arizona.

You could get hurt

Just because a dog is wearing a service vest or ID, it doesn't mean they are a trained service dog. "Unfortunately, there are more illegitimate service teams than there are legitimate teams these days," says Dr. Betancourt. If you're interacting with a dog that's not professionally trained to be a service dog, it could bite you or harm you. You never want to put yourself in a position to potentially be harmed so always practice caution. You should assume any service dog you see is legitimate and "working" so let it do its job.

If you need assistance on Pet Insurance or any other insurance needs, please call Lisa Broadbent Insurance at (302) 731-0044 and we’ll discuss your needs and options to help protect you.

Why Have Commercial Umbrella Insurance?

Thu, 02 Mar 2023 16:39:27 GMT

All businesses that work with customers must have liability insurance. It’s there to help you if your mistakes ever cause harm to someone else. However, liability insurance does have limits to what it will pay for claims. As a result, you could face a scenario where a claim exceeds your policy limits. No one wants such a scenario to threaten their business. One of your potential safeguards is to consider buying is commercial umbrella insurance. It will augment the coverage within your general liability insurance and other policies.

Understanding Liability Insurance

Someone buys a liability insurance policy to help them protect themselves if they ever cause harm to others. Business owners want it because it will help them protect themselves if they ever make mistakes that harm customers or others.

Most businesses need several types of liability insurance. They usually start their portfolio with general liability insurance. Should the business cause a third party bodily injuries, property damage, personal injuries like libel or slander, or even harm through its products or services, general liability insurance can cover the costs of compensating the affected party. It will help the affected person recover from their losses. Yet, it can also help the business avoid a financial loss as they compensate someone they harmed.

All liability insurance policies will limit when and how much they will pay for a claim. There is no guarantee that the compensation a client expects will stay within the limits of a policy. As a result, if you can’t pay for all their losses with your coverage, then you might have to pay out of pocket. For business owners, this could mean a worst-case scenario and significant financial losses.

In these circumstances, a type of coverage called commercial umbrella insurance might help. This is separate liability insurance from a general liability policy. It will apply to claims in excess of standard general liability coverage limits

What is a commercial umbrella insurance policy?

Commercial umbrella insurance provides additional liability coverage for businesses facing significant liability claims. It can provide several benefits to any business owner:

· Policies usually offer at least $1 million in coverage past the limits of your standard liability coverage.

· One umbrella policy might be applicable to multiple commercial liability insurance policies. Besides your general liability policy, umbrella coverage might apply to commercial auto liability insurance, cyber liability, professional liability and other policies.

· Many policies will cover liability claims that a standard liability policy will not. If the claim scenario does not have coverage under a standard policy, then umbrella insurance might apply.

How does this coverage work?

Suppose, for example, that a customer slips and falls down a flight of stairs in your restaurant. As a result, they face a significant recovery period, a loss of income and medical costs. Because they feel that a broken step was the cause of their fall, they also sue your restaurant for $1 million.

When you examine your general liability insurance, you see that your policy only provides up to $250,000 in assistance for the injured party. However, the lawsuit demands $1 million. Even though your policy might pay $250,000, there is still a $750,000 deficit that the business might still have to pay. This is a huge sum, and many small business owners could not afford to pay the difference without umbrella insurance.

If your restaurant has umbrella insurance in this scenario, then you might be in luck. First, you will make a claim against your standard liability policy for $250,000. This coverage will pay up to the limit for qualifying costs of the injured party.

However, after the standard policy reaches its limits, umbrella coverage will kick in. If your policy has at least the $1 million in extra liability coverage, then the remaining $750,000 in costs related to the lawsuit will have coverage from your policy. If any of the losses will not have coverage under your standard liability insurance, then your umbrella policy might help you with those costs, too.

The Benefit of Commercial Umbrella Insurance

Many business owners would struggle to pay for liability claims levied against them. Therefore, umbrella coverage will be an added cushion to help any policyholder recover from challenging accidents impacting others. Often, these policies are very affordable, and you can tailor your coverage to fit in with the rest of your liability coverage. However, you might have to buy the maximum limits on your standard liability policies to qualify to add umbrella insurance to them. Still, by buying coverage, you’ll make a way to help you avoid significant financial losses.

Work with your insurance agent to determine the best way to get commercial umbrella insurance. They can help you find the policy that will offer protect your company against even some of the most expansive risks in your industry. If you work with customers in any capacity, then this coverage might prove a great benefit to you.

To discuss your business’ insurance needs, please call Lisa Broadbent Insurance at (302) 731-0044 and we’ll review your options to protect your business.

3 Signs That You're a Distracted Driver and Don't Know It

Fri, 03 Feb 2023 17:06:22 GMT

3 Signs That You’re a Distracted Driver and Don’t Know It

In the last decade, the number of auto insurance claims that arise from distracted driving accidents has increased significantly. By definition, this is an accident that was caused by a driver that wasn’t paying attention to the road and was doing something that took their attention to another activity. This includes but not limited to changing the music, reaching for an object, eating, using a navigation system and taking on a cell phone.

While the use of mobile devices is a big contributor to the rise in distracted driving accidents, it is only one cause of the problem. Many other distractions exist in every car that could divert the driver’s attention from the road. It’s your responsibility to monitor your habits to make sure you are only focused on one thing—the road around you.

Keep in mind these three common mistakes that can help you deduce if you are a distracted driver.

You Don’t Remember Where You Have Just Driven

Driving involves a lot of muscle memory, and when you drive the same routes regularly, then you are likely to form a habit of doing so. While your brain helps you remember what route to take, you might not actively register going through an intersection, stopping at a stop sign, or accelerating or decelerating to follow the speed limit. This could mean that you’re driving distractedly. You might simply be lost in thought, but it’s still a diversion from the road ahead of you. This distraction might occur in an instant, but in that brief time, you might have driven into a very dangerous situation.

You Are Engaged in Conversation

It’s perfectly fine to have conversations with others in the car. However, the road must be your primary focus, and the conversation should be secondary. That’s why you should avoid having intense conversations, arguments or debates while in the car. Those things can wait until you get where you are going. Even though you can carry on a conversation while driving, a high level of intensity puts you at risk of getting into an accident.

You Engage in Manual Activities While Driving

There are a lot of other activities besides cell phone use that could lead to distracted driving. Some people apply makeup, eat or do other activities while driving. Keep in mind, even if you check your phone while stopped at a stoplight, this is still a distraction, despite that you aren’t moving.

These actions can all lead to distractions, and if you have an accident then the fault could lie with you. Often, if at-fault accidents result in insurance claims, then it is your liability coverage that will compensate all third parties (i.e., other drivers) involved in the wreck. Still, this can cause your auto insurance rates to rise, and sometimes your insurer will even cancel your coverage because you’re too high of a risk to insure. Rather than putting yourself in a situation where you could engage in distracted driving, it’s better to do what you can to avoid the risk.

To get auto insurance to protect you and your vehicle, please call Lisa Broadbent Insurance at (302) 731-0044 . We’ll help you the right policy for your vehicle needs.

Getting Term Life Insurance As a Senior Citizen

Mon, 02 Jan 2023 19:49:20 GMT

Getting Term Life Insurance As a Senior Citizen

Life insurance is something that everyone should be able to leave behind for their loved ones. After all, if you pass away, you want to make sure the people you care about are taken care of.

Many people think that it gets harder to get quality life insurance as you get older. On one hand, this is true. However, no matter what your age, life insurance is still very much attainable, and you can make an investment in quality term life insurance even as a senior citizen. Let’s take a closer look.

What Is Term Life Insurance?

A term life policy is among the most affordable and easily attainable types of life insurance on the market. It is usually much more affordable than whole life and universal life insurance, and it’s also offers a more simplified application process. However, it only lasts for a certain number of years. If you die during the term of the policy, your plan will pay a death benefit.

For senior citizens, term life insurance often creates a win-win scenario. Not only might seniors on a fixed income be better able to afford term life policies, but they might also not have to undergo as extensive of a medical exam in order to qualify for coverage. Given that seniors might suffer from health conditions that would make their risk significantly high to insurers, they might not qualify for certain policies. However, they might find a term policy something they can easily enroll in.

Keep in mind however, that since term life policies are not permanent, you will have to reapply for an entirely new policy if the plan expires before your death.

Decide How Much Insurance You Need

If you are considering investing in term life insurance, then you should think carefully about precisely what you want the end goal of your benefits to be. In general, it is a good idea to buy a term life insurance policy with a death benefit that is at least 10 times your current salary. Your dependents should be able to comfortably live off the death benefit for about a decade. However, this is simply a guideline, not a hard-and-fast rule.

Additionally, when selecting the term for your policy, consider what you want to use the money for. For example, if you only want the policy to be used for one specific expense that will eventually go away (like a mortgage) then you can choose a policy term that will accurately reflect the date that you will clear that debt.

For more information about how to buy term life insurance for seniors, please call Lisa Broadbent Insurance at (302) 731-0044 so we can help you get the right life insurance policy to fit your needs.

Many Factors That Might Increase Your Home Insurance Rates

Mon, 05 Dec 2022 15:06:54 GMT

Many Factors That Might Increase Your Home Insurance Rates

No one wants to see any of their insurance rates go up, especially their home insurance. After all, you need this coverage to protect your property. So, you should be able to afford it.

Home insurance premium increases can happen for countless reasons. Sometimes, they occur through no fault of your own. In others, however, you have control over the situation that might raise your premiums. Let’s take a closer look at common causes of rate hikes and what you can do about them.

Risk 1: Inflation

Inflation is probably the number one clause of insurance rate increases over the past 2 years. Material goods for new residential construction prices are up 18.6% over last year. This is sited from the US Bureau of Labor Statistics, Producer Price Index by Commodity. Lumber and wood are up 6.2%, asphalt roofing material prices are up 16.3% and as of August 2021 the construction industry had over 358,000 job openings and hasn’t gotten any better. Which constitutes raising construction labor costs.

Risk 2: Weather Events

In 2021, 20 separate $1 Billion loss events from weather occurred. And the estimates from hurricane Ian this year alone are $87 Billion, and this doesn’t include any other losses for the year, so losses are only getting worse. And we all share in the expense.

Risk 3: Your House is not Structurally Secure

As a home ages, safety risks might begin to beckon. Older wiring, unsafe appliances or other potential hazards might put you at risk of a fire or other issue that, while not apparent, might still lurk below the surface. These safety risks might cause your rates to increase, which is why you should always perform regular upkeep and maintenance tasks. In addition, security alarms can help lower the insurance premium. Consider having a security alarm.

Risk 4: You Make Risky Additions to the Home

If you make changes or improvements to your home, then you might face safety risks even by trying to make your home better. Adding a fireplace, swimming pool, trampoline, tree house or even a deck to the home might create additional safety risks. For example, the fireplace might become a fire risk. Swimming pools could cause injuries. Therefore, your home insurance rates might increase. Minimize these exposures but adding security features such as fences, locks, and firewalls to these additional exposures.

Risk 5: Your Neighborhood Might Become Unsafe

Most property owners are concerned about safety when choosing where to live. For example, burglaries might increase in your neighborhood. Risks of bad weather, floods or other disasters might also increase, even if they don’t directly impact your home. The fact that there is a higher likelihood of them happening could cause your home insurance rates to increase. However, by making your home more secure against weather, theft and related hazards, you can still minimize these risks.

Risk 6: You Bought More Expensive Possessions

As you accumulate more possessions, particularly possessions of value, you will likely need to buy more contents insurance. As a result, you’ll probably see your home insurance rates increase. Not only is this added coverage, but it is also added risk to the insurer. If an expensive item is damaged or destroyed, there is a change your home insurer might have to pay more.

Additionally, other factors might influence your premiums, such as inflation, state insurance regulations and adjustments to insurance risk pool might drive up your costs. Furthermore, if you make a high number of claims on your policy, then you might see increased rates, too. Still, your home insurer will work with you to make sure you maintain as affordable a premium as possible under the circumstances.

The bottom line is that all these risk factors are responsible for driving up the cost of home insurance premiums. Please call Lisa Broadbent Insurance at (302) 731-0044 so we can help you lower yours!

Does Your Auto Insurance Cover Your Camper Trailer?

Mon, 07 Nov 2022 23:35:19 GMT

Does Your Auto Insurance Cover Your Camper Trailer?

When you tow a camper trailer, you want to know that your car insurance protects you. It typically will give you some protection, but there are a few things you need to know.

Liability Coverage

When you tow a camper trailer or other trailer, the most common rule is that your liability protection will extend to driving while towing. If you cause an accident, you’d have the same liability coverage and limits as your auto insurance would give you when you weren’t towing.

The first thing to check is that the general rule applies to your insurance policy. Some insurance policies exclude towing. This is especially true if you’ve modified a car or light SUV that doesn’t come equipped for towing from the manufacturer.

Next, consider if you have enough coverage. Towing a camper trailer means your overall vehicle is heavier, it takes longer to stop, and it’s harder to steer. This increases your risk of an auto accident. In addition, a heavier total size means that the resulting damage from an accident would likely be larger. You may wish to increase your car insurance liability limits to account for this additional risk.

Collision Coverage

Your auto insurance policy may come with a small amount of coverage for accident damage to your trailer. You may also have an option to add coverage. These coverages are often designed for the type of trailer you’d use to haul a lawnmower. A camper trailer can be worth far more than your built-in coverage, so you may need to insure it separately.

Comprehensive Coverage

Your main car insurance policy may or may not provide comprehensive coverage for your camper trailer, and if it does, it may only apply when it’s attached to your truck. It could also have a much lower limit than you need. This would leave you unprotected from theft and non-accident damage. You can get full coverage with separate trailer insurance.

Personal Property

Your camping gear, cooking equipment, clothes, and everything else in your camper trailer needs personal property coverage in case of theft or damage. Your auto insurance or home insurance policies may provide some coverage but generally not enough for the full value of everything loaded into a full camper trailer. If you can’t add enough coverage to your car insurance policy, you can buy it with trailer insurance.

If you need assistance with insuring your camper trailer, please call Lisa Broadbent Insurance at (302) 731-0044 and we’ll help you understand the options that will best protect you.

Does Bundling Insurance Make Sense?

Tue, 11 Oct 2022 21:44:05 GMT

Take a look at these insurance buying tips for bundling your home and auto insurance policies to ensure you get the best deal!

When you have multiple types of insurance plans with the same insurance company, you have a "bundle" of policies. The discount for bundling your policies with one insurance provider, is called an insurance bundle discount.

Policies You Might Bundle

Home
Auto
Motorcycle
Boat
Personal Umbrella
Life

Things to Consider When Bundling

B undling your insurance could provide several advantages. Although these advantages will likely fluctuate by the carrier, the money saved as well as and the time saved managing your policies are two of the most beneficial perks of bundling. Getting numerous separate policies from the same insurer can save you a lot of money. While savings are dependent on the insurer as well as the types and number of insurance policies purchased, purchasing multiple policies (home, auto, or motorcycle) from the same insurer can be more convenient than purchasing multiple policies from different companies. Multiple policies can often be handled or obtained from the same insurance agent using the same online account.

How to Get Started

Contacting your insurance agent is an excellent place to start if you're interested in bundling your coverage. Your agent should be able to assist you in finding the ideal policy combination to meet your coverage and financial requirements. While saving money on insurance premiums is a desirable thing, the goal should be to find an insurer that delivers on that promise.

If you went to discuss options for bundling insurance, please call Lisa Broadbent Insurance at (302) 731-0044 and we’ll help you discuss your options and put together an insurance bundle to meet your needs.

Tips For Buying A Used Car

Wed, 07 Sep 2022 20:37:57 GMT

Buying a used car can be scary — especially if you worry about being scammed. There's nothing worse than seeing a car you like online, checking it out in person and making the purchase — only to realize the previous owner 'forgot' to mention some serious mechanical issues. Pretty discouraging to say the least. Below are a few tips so this doesn’t happen to you.

The first step when buying a used vehicle is to determine your budget . It will narrow down your choices while searching the local area for deals, and you'll be able to calculate your monthly payment if you decide to finance it. If you do plan on financing the vehicle, research your options! You may find that a loan from your bank will have a lower interest rate compared to the dealership or manufacturer.
Next, decide if you want to purchase a used vehicle from a dealership, a private owner or an online venue. If you're leaning towards a dealer or an online venue, expect a bigger price tag. Used vehicles from dealerships lots may include an extended warranty or service program, meaning these cars must be refurbished in order to meet warranty standards. Wondering where these cars came from? They're usually acquired from auctions or trade-ins. At least with a dealership and a private owner you can haggle over the price. With the online venues, the price is the price and there is no negotiating.
If you prefer buying from a private party, expect t o do all the leg work . When you meet with the owner, be prepared with a list of questions regarding ownership history, maintenance upkeep and the current condition of the car. Do a walk-around and take note of any bumps or scratches on the car, as well as any leaks. Remember, as the buyer, you are in control of the sale! Feel free to ask as many questions as you want about the vehicle you are interested in buying – especially if you don't know much about the make of the car. It will save you financial headache in the long run. You can easily investigate the car's history yourself by writing down the VIN number (usually located on the driver’s side door or on the dash by the driver’s side) and run a report online for a small price.
With the online venues you will need to do some of the leg work as well, such as taking the vehicle to DMV (Department of Motor Vehicle) for the inspection and registration. The purchase price will include the registration tax, but you will need to wait for DMV and the online venue to process all the paperwork, which will take months. Everything with the online venue is done through the mail and car carrier so the process takes longer. Usually with the dealership the transactions only take a month to receive the title. However, with the online process the title work is all done through the mail between the online venue and the DMV, so it can drag on.
Whether you are purchasing from a dealer, private owner or online, ALWAYS take the car for a test drive! During the drive, it’s a good idea to drive on hills, highways and in stop-and-go traffic. You’ll get a better feel for how it drives and decide if you feel comfortable driving it. Do not sign any paperwork until you have driven the vehicle, otherwise you will have purchased it without test driving it first.
Finally, after negotiating a price, it's time to close the deal! Before you negotiate, make sure the car is priced fairly (you can find out it's worth on a vehicle valuation website). After a price is set, you should never pay a private seller with cash. If something goes wrong and there's no paper trail, it may be tough to get your money back. Along with the car, the previous owner should provide the title, a dated receipt for the sale signed by you as well as the seller and a spare key if available. Also make sure to research the rules in your state regarding how the seller should transfer the title for the vehicle to you. Call your insurance agent prior to taking possession of the car for information on the process to insure the new vehicle.

If you are closing the deal at a dealership or online, it’s a similar process unless you are paying with a car loan or trading in your old car. Also, ask about getting an extended warranty for the vehicle at a fair price. This is usually negotiated separately from the car purchase. Most dealerships and online venue will give you a time period to return the vehicle if you are not happy with the purchase. However, if you have done your homework, you most likely will be trilled with your purchase!

Once you purchase a new-to-you car, please call Lisa Broadbent Insurance at (302) 731-0044 and we’ll help you with insurance coverage for your vehicle. Good luck and good shopping!

Rental Car Insurance Coverage - Do You Really Need It?

Mon, 01 Aug 2022 19:12:57 GMT

You’ve stepped off the plane, collected your bags and are headed over to the car rental desk. Only a few signatures and a credit card swipe stand between you and the open road.

As you’re sorting through pages of policy acknowledgments, the inevitable question comes from across the desk: Would you like to purchase additional daily rental insurance? With rental car rates getting steeper by the day, you may be wondering whether it’s necessary to bump up your bill any higher than it already is.

It goes without saying that purchasing insurance is the responsible and prudent way to minimize unforeseen losses. That’s why, in nearly every scenario, you should jump at the opportunity to buy more coverage. But is there ever a time when more becomes too much?

Rental car insurance is a prime example of overprotection and paying for coverage that you very likely already have. Paying over $10 a day for rental car insurance may seem like a smart decision, but before you make up your mind, let’s break things down:

Step 1: Before accepting any new coverage from a car rental company, it’s critical that you first review the insurance policies you have. You may not know it, but there’s a high probability you’re already insured if an accident occurs in your rental car.

Personal Auto-Policy: The liability coverage you have on your policy as well as any additional coverage you’ve purchased should be applicable to a rental car if you’re driving it for personal use.

Existing liability coverage would help you pay for others’ medical bills, as well as damage to others’ property in an accident where you’re at fault.
Existing comprehensive coverage would help to pay for repairs to your rental in the event of theft, fire and natural disasters.
Existing collision coverage would help pay for the repairs to a rental car if damaged when crashing into another vehicle or physical object.

Your Credit Card Company: According to the Insurance Information Institute , if you pay for a car rental using a certain credit card, there’s a chance that they will provide “secondary” insurance. This means that anything your primary insurer doesn’t cover from a personal auto-policy will be covered by the credit card company. This may include deductibles and expenses that exceed a coverage limit.

Keep in mind, however, that certain rental vehicles are not be covered by most credit cards. These include luxury vehicles, motorhomes, trucks and motorcycles.

Step 2 : After reviewing the coverage you already possess, that expensive daily policy offered by rental companies probably isn’t looking appealing. However, there are cases when this insurance may be beneficial.

Your primary and secondary policy is limited in coverage or has exclusions (ex. it doesn’t have comprehensive or collision coverage, which is offered by the rental company).
You’re only insured under a commercial car insurance policy.
You’re driving outside of the country (besides Canada, most primary insurers and credit card companies won’t cover you for accidents outside the U.S.).

Step 3: No matter which policy you choose, you’ll never receive coverage for reckless behavior. Always remain extra vigilant when using a rental car – that means avoiding certain surfaces, being aware of its condition (locked, where it’s parked, etc.), and never driving while intoxicated. Safe driving is always in the best interest of your insurers, your passengers, and yourself.

If you have questions about car rental insurance coverage, please call Lisa Broadbent Insurance at (302) 731-0044 today and we’ll help you determine if you have the right coverage for all of your auto insurance needs.

What You Need to Know About RV Insurance

Fri, 01 Jul 2022 14:14:57 GMT

A recreational vehicle (RV) is all about your free time. You don’t need to worry about dealing with airlines, rental cars, and hotel rooms. You can decide when to go, where to go and, best of all, how long it will take you to get to your destination.

However, are you sure you have adequate RV insurance? Unfortunately, many RV’ers don't take the time to adequately insure their home away from home. A common misnomer for RV owners is to assume their RV will be insured under their current auto policy. Take the time to read what and how much is covered under your auto policy. You’ll be surprised to learn that not many auto policies will extend coverage to an RV. To ensure proper and adequate coverage, you’ll need a separate RV policy.

The Right RV coverage guarantees peace of mind

With an RV you will encounter situations that are unique to life on the road. With that in mind, here are things to consider regarding recreational vehicle insurance coverage:

Total Loss Replacement – as with a car, this provides you with a new, comparably-equipped RV if your RV is totaled within the first few model years.
Replacement Cost for Personal Effects – pays for the replacement of your personal items in your RV that resulted from a covered loss.
Vacation Liability – pays for Bodily Injury and Property Damage losses that occur at your vacation site.
Emergency Expense coverage – pays your expenses for hotels and transportation due to a covered loss.
Special Windshield Deductible – again, as with a car, you want to make sure this coverage is available to you.

Recreational Vehicle Medical Payments coverage – pays the cost for necessary medical treatment that is caused in an RV accident, regardless of fault.

If you have questions about RV insurance coverage, please call Lisa Broadbent Insurance at (302) 731-0044 today and we’ll help you get on the road with the right coverage for your RV.

How to Save Money on Gas

Tue, 07 Jun 2022 15:07:19 GMT

We Americans love our vehicles and the many freedoms they provide us daily. Nothing is more convenient or reliable at getting from Point A to Point B than a car.

The problem, of course, is that it is becoming increasingly more expensive to operate our cars because of soaring gas prices. The bad news, unfortunately, is that those costs will likely continue to rise because of a confluence of factors.

Traditionally, gas prices have fallen in line with crude oil prices. In this instance, however, gas prices have climbed as crude prices have remained steady or started inching up. Gas prices almost certainly will continue to climb, and they will hit car-loving Americans hard in the wallet.

Gas Saving Tips

It can be a sick feeling seeing the gas pump flip to $40, then $50 and $60 as we fill up our cars, trucks and gas-guzzling SUVs, but does it make you sick enough to do something about it?

With prices already high and getting even higher, most of us are going to have to start finding ways to either find cheaper gas or cut back on driving. If you are willing to make changes — with your routines, with your driving habits and with your thought processes — you can reduce the amount of gas you burn and invariably save some money at the pump.

Saving Cash at the Pump

By planning and doing a little research before buckling yourself in, you can fill your tank with the peace of mind knowing that you got the lowest prices possible.

Join a Fuel Rewards Program

Several national gas station and grocery store chains offer fuel rewards programs to get you to be loyal to their brand. However, be sure to familiarize yourself with their rules about how much you can save and how much you have to spend to utilize the rewards. Also, if the stores offering the rewards only have a couple of locations in your city, are you driving out of your way — and ultimately burning more fuel — to utilize these rewards?

Shop around Using Apps

One of the worst feelings in the world is filling your tank full of gas and then driving 100 yards down the road and seeing significantly cheaper fuel prices. To avoid that, use popular apps such as GasBuddy or Waze. Yep, if you’re looking to save money and shop around for the cheapest gas possible, there’s an app for that!

Plan Your Fill Ups

In a perfect world, you wouldn’t wait until your tank is almost empty before filling up, but life tends to get in the way of those goals sometimes. However, if you can avoid driving on `E,’ you might be able to avoid having to stop at that national chain by the highway that charges top dollar for fuel. Also, there’s this as it relates to planning your fill-ups: Gas prices tend to climb after 10 a.m. on Thursday mornings before travel-heavy weekends and holidays. Various studies show that prices tend to be their lowest on Mondays and Tuesdays and steadily climb as the weekend approaches. If you’re about to travel on the weekend, plan to fill up early Thursday whenever possible to avoid the rising costs.

Tips to Make Your Vehicle More Fuel Efficient

Sometimes, the best way to save money on gas is by making changes and minor fixes to your vehicle prior to even pulling up to the pump. Here is a list of easy-to-do maintenance work that can help you stretch a few more miles out of each tank of gas.

Kick the Tires

Studies show that under-inflated tires result in one cent more of fuel being burned per mile as opposed to when the tires are properly inflated. If you drive around 350 miles on a full tank, that’s $3.50 you’re wasting between fill-ups. Be sure that you aren’t ignoring that pesky tire-pressure indicator if you want to maximize your fuel efficiency.

Synthetic Oil Makes a Difference

When pressed for a decision by the mechanic at the oil change shop, pick synthetic oil because it makes a dramatic difference in the amount of friction on your engine and its efficiency. Sure, a fully synthetic oil change is often twice as much as a normal oil change, but it will ultimately pay off in the life of your engine and the efficiency with which it runs.

Power Everything Down

Sure, when you turn the engine off, the AC stops blasting cold air, your phone charger shuts down and your GPS device goes dark. However, few know that you can save on gas by shutting all those devices down completely before turning your engine off. Upon restarting your vehicle, it takes more gasoline to restart vehicle if your air conditioner is cranked up high and your devices are already turned on. If they are in the off position when you start the car, it will take less fuel to crank the engine. Remember: Small steps along the way can ultimately make big differences.

Better Driving Habits to Save on Gas

Of course, the way we drive can go a long way toward saving on gas or wasting it needlessly. Pay attention when you slide in behind-the-wheel and how your driving affects gas mileage.

Following a few of these tips will produce surprising results when you see your gas charges at the end of the month.

Drive with Patience and Sanity

If you are someone who likes to rev your engine at stop lights, race off the line and drive perilously close to the bumper of other cars, then your vehicle undoubtedly is guzzling gas.

If you have a lead foot and regularly drive 10-15 miles per hour over the speed limit so you can blow by the car creeping along in the left lane, gas efficiency is likely last thing on your mind.

If saving money on gas is important, take your foot off the gas when you can just coast to the stoplight. When the light changes green, ease your way through the intersection and gradually build up speed. When you get on an interstate or turnpike highway, utilize the cruise control option so you maintain a steady pace rather than the stop-and-go driving that sucks up so much gas.

Plan Your Trips

Instead of doing your errands on weekends or off days, try and knock them out in one trip before or after work. Find grocery stores, shopping malls, banks and gas stations along your route to work and utilize then so that you don’t have to make separate trips. As you are making your daily commute, take note of gas stations with the best prices and shopping areas where you can knock out those errands without having to make out-of-the way trips later in the week.

Roll up Those Windows and Turn the AC Down

For years, there have been debates about which burns more gas — cranking the AC up or rolling the windows down? Sure, it takes more gasoline to run the AC, but it also greatly affects the drag on a vehicle when the windows are down, and the breeze is howling through your car. The thinking here is that you should run the AC as low as possible and keep your windows rolled up tight. It’s critical in hot summer months to avoid putting extra strain on the engine by blasting the AC full bore. Small steps like parking in the shade and utilizing full window visors can keep the inside of your car cooler so you don’t have to blast the AC. Ultimately, you should save cash on fill-ups.

Why Having Roof Insurance Is Important

Tue, 03 May 2022 13:53:58 GMT

WHAT IS ROOF INSURANCE?

Insurance claims concerning your roof can be complicated. That’s why it’s so important to have the right homeowners coverage for your roof.

Replacing a roof is one of the most expensive home projects a homeowner will encounter. According to FORBES, the national average a homeowner will spend on installing a new roof is more than $8,000, with most people spending between $5,500 to $11,000.

While you can save up over months or years to replace an old roof, sudden damage from something like a windstorm or hail doesn’t give you that option. Don’t wait until you need to submit a claim to understand what your policy can – and can’t – pay to replace. Keep reading for general answers to a few common questions. As always, as an independent insurance agency, we can give you more specific information (including a free quote customized just for your home).

HOW DOES HOMEOWNERS INSURANCE COVER MY ROOF?

It depends on your carrier and policy; some offer more coverage than others.

Buying insurance is all about your comfort level with risk. A cheaper policy means you might pay a little less right now, but you could be stuck paying more out of pocket later if you need to file a claim. With homeowners insurance, there are different ways you can choose to be compensated when you experience a sudden loss that’s covered by your policy. That is known as your “loss settlement option.” Simply put, it’s how your insurance company assesses the cost to rebuild, repair or replace your stuff.

With some carriers, coverage for your roof is factored into the cost to insure your dwelling. Loss settlement options for your dwelling may vary by carrier, so talk to your independent insurance agent to better understand your options.

Common loss settlement options for your roof include:

Actual cash value (ACV) which factors in the roof’s age and condition to determine how much it’s worth as-is when you file a claim. That’s known as a depreciation amount. When the bill comes in from the roofers, an ACV policy factors in depreciation and only pays up to the amount your roof is currently worth – even if the cost to repair or replace your roof is higher than that.
Replacement cost , which pays to repair the damage to your roof without factoring in depreciation.
Functional replacement cost is the amount that it would cost to repair or replace the damaged roof with less costly common construction materials and methods which are functionally equivalent to obsolete, antique or custom construction materials and methods.

Other loss settlement options, such as extended replacement cost and guaranteed replacement cost, are also available (and good to have) with your homeowners policy. These are designed to give you an extra cushion if you experience a total loss of your home. They’re less likely to kick in if you experience a covered loss of only roof damage.

Not sure which loss settlement option you have? You can find your dwelling amount and policy limits on your declarations page.

So, when it comes to insuring a big investment like your roof – you can see how your loss settlement option can make a big difference in how you can be reimbursed after a loss.

It is important to note that homeowners insurance is not a maintenance policy, so the normal wear and tear is not covered under the policy. There must be an event that occurs and causes damage to the roof, such as fire, hail, wind, falling tree to name a few.

AGE OF ROOF AND INSURANCE

Remember that homeowners insurance is designed to cover the cost of sudden and unexpected damage. Generally, your policy doesn’t cover damage from delayed maintenance or routine wear and tear to an old roof. If your roof is worn or in poor condition, having a roof covered on an ACV basis could become a big financial burden if you must file a claim. For example, let’s say your roof has seen better days. Then, Lightning strikes and your neighbor’s tree falls on your roof. What happens next?

If it’s insured on an ACV basis: If your roof is damaged near the end of its life expectancy, you’ll likely see a larger deduction for depreciation… but you’ll still get the same bill for what it costs to repair or replace it. That could leave you stuck paying the difference out-of-pocket.
With replacement cost: There is no deduction for depreciation. This means you may pay a little more in premium for that policy (vs. ACV) –but you won’t be hit with out-of-pocket expenses

One way to make a replacement cost policy more affordable is to increase your deductible. Your deductible is the amount you pay out of pocket after a claim and before your insurance company pays its part. Ask your insurance agent to show you the cost difference with different deductibles so you can decide which dollar amount fits best with your budget.

THINGS TO LOOK FOR IN POLICIES

Since each insurance company covers roof damage differently, it pays to understand how your policy works so you don’t run into any surprises after you must file a claim.

Here are a few factors – known as “provisions” – to look for:

Roof payment schedule or a breakdown of how your insurance company would pay for a roof claim based on factors, such as the age of the roof. (At ERIE, roof losses are paid based on the loss settlement that you select for your home.)
Mandatory deductible or an amount that you will have to meet before the insurance company will cover your claim. (Most carriers allow you to choose your deductible for your home and property based on what’s comfortable for your budget.)
Wind or hail deductible or a separate dollar amount that applies to loss caused by wind or hail. Some carriers may require a higher wind or hail deductible without giving you a choice. While others have an optional customization that can help lower your premium.

FILING A HOMEOWNERS INSURANCE CLAIM FOR ROOF DAMAGE

Uncertainty is part of life – but that’s why you have insurance. If you think your roof is damaged and you’re considering filing a claim, here’s what to do:

Prevent further damage. Once the scene calms down (such as a hailstorm), take action to prevent any further damage to your home and belongings if it’s safe to do so.
Document what happened. Take photos of the damage and list what was affected. (An updated home inventory can be helpful here.) List any date or timeframe that the event occurred.
Call your insurance agent. Your agent can explain your options and help you understand if and how to file a claim.
Know how to spot a scam. Sometimes, fraudulent or dishonest contractors – known as “storm chasers” – show up after severe weather hits. Storm chasers may point out pre-existing damage, create their own damage, or say that there is damage when there isn’t. Learn the signs to spot hail fraud and tips for hiring a reputable contractor .

HOMEOWNERS INSURANCE THAT PROTECTS YOU WITHOUT SURPRISES

If you are unsure what your home insurance can cover – and what it can’t – ask your agent. Or you can request a homeowners insurance quote from us, Broadbent Insurance.

Then relax and enjoy more of what makes you and your family happy knowing that your home, the investments you made in your home, and the things you value most are protected. Please call Lisa Broadbent Insurance at (302) 731-0044 today for help regarding your roof insurance coverage.

Is Minimum Liability Coverage Enough?

Fri, 01 Apr 2022 18:33:35 GMT

If you’re reading this, chances are you live in a mandatory liability state. What does that mean? It means that to own and operate a registered motor vehicle in your state you are required to maintain a minimum amount of auto liability insurance. I’m guessing this isn’t news to you. You’ve likely been asked for proof of insurance at various times when dealing with law enforcement or your local vehicle registration department. So, let’s assume you’ve satisfied your local government’s minimum liability requirements…

Does this mean you have enough protection?

While I respect the authority and the hard work of elected officials, it’s a scary thing to assume they know how much liability protection you need. While they may have put a minimum requirement in place, it’s up to you to make sure your minimum coverage needs are met. So how do you do that?

In most cases, there’s no exact dollar amount of necessary coverage that can be pinned down. It’s a fluid situation. Your coverage needs are affected by ever-changing factors that may sometimes be beyond your control. Let’s look at some numbers to illustrate the point:

As of January 2021, the average transaction price associated with new vehicle purchases is over $40,000 with a surprisingly high number of these transactions being greater than $100,000.
On average, 3,287 vehicle-related deaths occur each day in the US. The average financial cost of each of these deaths is $1.7 million.
The average cost of non-fatal disabling injuries due to a motor vehicle accident is $98,400.
The average court-awarded settlement related to an auto accident claim is $77,600 when the claimant has legal representation.

Based on the statistics above, let’s look at an example…

In Alabama, the required minimum liability coverages are:

$25,000 Bodily Injury Liability Coverage per injured person
$50,000 Bodily Injury Liability Coverage for all injured persons combined
$25,000 Property Damage Liability Coverage

So, let’s say your auto insurance policy provides these required levels of coverage and you’re found to be at-fault in an auto accident. Here are the details:

The other party’s 2021 GMC Yukon Denali is damaged beyond repair. Cost – $85,000.
There were three occupants in the other vehicle. Two of them sustained disabling injuries. The third occupant was killed. Cost $1,896,800.
Your vehicle can be repaired, but the cost will be approximately $10,000.

Since your auto insurance policy provides only the required minimum coverages, you have no coverage for damage to your own vehicle. So that $10,000 repair bill is on you. But that’s the least of your worries. The sum of your liabilities comes to $1,981,800. Of that amount, your insurance policy will pay $75,000. That leaves the remaining balance due of $1,906,800 sitting squarely in your lap.

Your financial future just evaporated.

“But wait… I had the amount of coverage the government said I had to have.” Yes, you did. But it wasn’t enough. And this example didn’t even address things like lost wages, pain and suffering, possible punitive damages…

A simple conversation with your insurance agent could reduce or even eliminate these risks for you. But more to the point, purchasing an insurance policy that provides only the required minimum coverage could leave you extremely vulnerable.

Don’t misunderstand us, I’m glad we have legislation in place that requires at least some level of liability insurance. But we should never make the mistake of assuming it’s enough.

Having adequate liability protection requires a thoughtful, personalized conversation with your insurance agent. And if you don’t have that kind of relationship with your agent, please call Lisa Broadbent Insurance at (302) 731-0044 today and we can fix that.

What Is an Umbrella Policy & Why Do I Need One?

Tue, 01 Mar 2022 14:29:52 GMT

Chances are slim that you will lose a lawsuit for an amount greater than what your existing insurance will pay. But if you ever do find yourself in that situation, you could lose your savings and everything you’ve worked for.

A personal umbrella policy is designed to make sure you never have to deal with that nightmare. And it’s a low-cost way to get a significant amount of additional liability coverage.

Umbrella Insurance is a type of personal liability insurance that covers claims in excess of your homeowners, auto, recreational vehicle and watercraft policy coverage.
Umbrella Insurance covers not only the policyholder, but also other members of the insured household.
Umbrella Insurance covers injury to others or damage to their possessions: it doesn’t protect the policyholder’s property.
Umbrella Insurance is quite inexpensive compared to other types of insurance coverage.

How Does It Work?

Umbrella Insurance kicks in when your “base” liability limits have been reached. Here are a few examples:

You cause a car accident that results in severe injuries for multiple people involved. The medical bills are $600,000 which exceeds your $300,000 in liability auto insurance policy limits. Your umbrella insurance can cover the additional $300,000.

You cause a serious auto or boating accident. These damages can add up quickly, especially if you’re responsible for the medical bills of multiple people. Your auto or watercraft insurance policy would pay first (up to its maximum policy limit) followed by umbrella insurance.

Your dog bites someone. Dog bites are typically covered by a homeowners insurance policy. But if you’re sued for an amount above your home insurance liability limits (such as medical bills and pain and suffering), your umbrella policy would start paying.

You drive your car into a building. It happens–someone is parked close to a convenience store, and they put the car in drive rather than reverse, causing extensive building damage. An auto insurance policy would pay for the property damage first, followed by an umbrella policy.

You accidentally injure someone. If you or a family member accidentally injures someone, umbrella insurance will pay when auto or home insurance is exhausted. For example, say your son accidentally throws a baseball into someone’s face, causing serious injury. Your homeowners liability insurance will pay first, followed by umbrella insurance.

You’re on a board of directors of a charity and are sued for a board-related issue. Depending on whether the board is a non-profit and whether you’re paid for your service, an umbrella policy may provide coverage for lawsuits against you related to your work on a board of directors.

What’s Excluded from an Umbrella Policy?

Here’s a list of a few things an umbrella policy does not include :

-Your own injuries

-Damage to your own personal belongings

-Intentional or criminal acts

Umbrella coverage never covers your own costs. It is there to help cover expenses if you are sued for damages and are found at-fault.

Who needs an Umbrella Policy?

Umbrella policies aren’t always necessary. If your standard insurance plan for car, home, or other offers sufficient liability coverage, then you don’t need umbrella coverage. But what’s “sufficient liability coverage”?

Imagine that you got into an accident and totaled someone else’s car. They had to go to the hospital. They sue you for the cost of their car damage, their medical expenses, lost time at work, physical therapy, and pain and suffering. Let’s say these costs come out to $500,000. You only have $300,000 in assets. That means that they could sue you for everything you have plus $200,000.

Or let’s say that you have assets worth $1.2 million. They could sue you for even more in damages, especially pain and suffering, and take all your savings. Those with significant assets have more at risk of being “taken” from them in a lawsuit. Often, if your assets drastically exceed your homeowners’ liability, an umbrella policy is a good idea.

You’ll also want an umbrella policy if you do anything that increases your personal liability. For example, volunteering, serving on the board of a nonprofit, or coaching your kids’ sports team can increase your risk of getting sued personally. Or if you play in a sports league where you hurt others, if you are a landlord, or you have a pool, own a trampoline or dog. You could even put yourself at risk if you constantly review products and businesses, because they could sue you for slander!

If there is a chance someone could sue you for some sort of damages, an umbrella policy is usually a good defense.

Everyone could benefit from umbrella insurance. One lawsuit could destroy everything you’ve worked for. A small annual fee can help you create peace of mind that you won’t end up losing your home or car—or even end up in debt—due to a lawsuit.

Call Lisa Broadbent Insurance at (302) 731-0044 today and talk to an agent for a quote on your personal umbrella coverage needs and concerns!

Life Insurance – You are worth more than you think!

Mon, 07 Feb 2022 17:43:44 GMT

Life insurance is important - and worth having before you really need it. If you’re nodding in agreement but also wondering How much life insurance do I need? you’re not alone!

Even though we can’t predict when our time is up, we can control how much of a life insurance payout our loved ones will get when we die. What better way is there to lift those financial worries from your family’s shoulders?

Let’s look at how to work out your magic number. And don’t sell yourself short; you’re worth more than you think. . .

How Much Life Insurance Do I Need?

Let’s get straight to the point: you need coverage that’s equal to 10-12 times your annual income. And make it a level term policy that lasts for 15-30 years.

Why 10-12 times your annual income? Because it replaces your salary if you die and gives your family a financial cushion to help them get back on their feet. It gives them some funds to invest, where the interest coming in every year could provide vital income in your absence.

The reason we say 15-30 years is simple: if you have young children, by the time the term life policy is over they’ll be out of college and hopefully be able to support themselves. The only coverage they’ll need is during those 15-30 years in between - when they’re totally dependent on you.

After the 15–30 year term, you should have a smaller permanent life insurance policy to fall back on to cover any debts you have, transfer any gifts to your heirs and pay for final expenses like a funeral. Why do you need permanent insurance? Because life insurance is one of the only ways to transfer assets to your heirs and avoid paying taxes. Did you know that 92% of people who had a term policy, die outside of the term? I know what you are thinking, I’ll purchase term insurance and invest the difference in a mutual fund. But if you die without life insurance, you will be leaving a tax liability to your heirs.

What Does Life Insurance Cover?

If you have life insurance coverage equal to 10-12 times your annual income it replaces your income 10-12 times over for your loved ones if you die. It covers the bills, expenses and everything else essential for your dependents to get by on because you’re no longer there. The beauty of it is that you can design it to pay for whatever you want!

Income

Take your annual salary before tax and multiply by at least 10. If you’re in a job where you expect your salary to rise in the next 5-10 years, then use that figure when you’re making your calculations. For example, if you made an income of $40,000 a year before tax, that would translate to a $400,000 in “death benefits” if you were to die. (Death benefit is another way of saying payout.)

Stay-at-home parent

The stay-at-home parent in your life may not be working outside the home, but they are providing a valuable service for the family. Let’s look at a typical stay-at-home-mom. That means she is caring for the children, handling the household, being the kids’ Uber driver and everything in between. For “free”! She should get her own term life insurance for coverage between $250,000-$400,000 to cover those jobs.

Dependents

If you have children, then they are dependent on your salary to provide for them. That means they’ll be relying on their parents for 15-30 years. And it’s not just the school and college fees, but things like medical bills and extracurricular activities too. That’s when the coverage of 10-12 times your annual income gives your children a secure future until they’re able to support themselves.

Funeral costs

Some people who might not have enough in the bank will use life insurance to pay for their funeral. The average cost of a funeral these days is a whopping $8,500. Here’s another way of paying for your funeral; set aside $50 a month, invest it somewhere else, like a good mutual fund, and your money could grow into more than enough to cover your funeral expenses. But what if the death comes prior to having the money saved for a funeral? That’s when life insurance really pays off.

What Kind of Insurance Should I Get?

The type of life insurance depends on what you want the policy to do and for how long. Term life insurance works like this: it lasts for a set number of years (reminder - get a term lasting 15-30 years) and the monthly premiums are always lower compared to “permanent” life insurance plans. Permanent insurance works like this: it lasts for as long as you live and the premiums are fixed, in other words, they don’t increase when the term ends.

How Much Will It Cost?

The cost of life insurance is determined by age, health and lifestyle. If you are in good shape, a nonsmoker, 30 years old and wanted a 20-year term life insurance plan, providing a death benefit of $400,000, how much would you pay? Around $18 a month - less than what he spends on coffee every month!

Term life insurance is affordable; you can get 10-12 times your income in your payout, and you can choose a length of term to cover those years of your life where your loved ones are dependent on that income.

Let’s face it, we are all getting older. Life Insurance is cheaper for the young and the healthy. So, you can benefit by purchasing life insurance sooner rather than later.

The Next Step Towards the Best Insurance For You

If you have the right tools, you can work out how much life insurance you and your family need. This is the important first step in thinking about life insurance and the protection and peace of mind it can give you.

We believe a life insurance plan makes the most sense for everyone. And if you’re in the market for new life insurance or want an expert to talk to, we recommend that you call us! Lisa Broadbent Insurance at 302-731-0044

Basic, Broad or Special - What's The Difference?

Fri, 10 Dec 2021 14:54:47 GMT

What's the Difference Between Basic, Broad and Special Form Insurance Coverages?

When you're shopping for the best value for your personal or commercial insurance requirements, you may notice that some insurance coverages specify “basic” coverage, while others may offer “special” or “broad” coverage. The differences are significant and when trying to make an apples-to-apples comparison, you want to carefully consider your risks and the price.

Starting with the Basic Form of insurance coverage, a policy that offers basic peril coverage is ONLY going to cover the insured for named perils. That means, if an event that isn't actually named in policy happens, there's no coverage. You're on your own for any losses that aren't specifically named. The named perils covered in the Basic Form include the following:

Fire
Lightning
Windstorm or Hail
Explosion
Smoke
Vandalism
Aircraft or Vehicle Collision
Riot or Civil Commotion
Sinkhole Collapse
Volcanic Activity

At first glance, it may appear that the list of basic form coverage will take care of just about anything that can happen. It isn't until you look at what a broad form offers that one begins to realize what's missing and why it's important to know what you're buying.

As probably anticipated, the Broad Form is more encompassing than the Basic Form coverage. The Broad Form is built to cover everything the Basic Form, and the most common perils expected. In the Broad Form insurance policy, you will also see the following coverages:

Burglary/Break-in damage
Falling Objects (like tree limbs)
Weight of Ice and Snow
Freezing of Plumbing
Accidental Water Damage
Artificially Generated Electricity

It's important to note that both Basic and Broad Form coverage policies only cover a specific set of named perils. In other words, if it's not named as a cause of loss, it's not covered.

The most expansive form of insurance coverage is Special Form. In policies that use the special form type of coverage, instead of the perils covered being listed, the EXCLUSIONS are listed. In other words, unless the policy states a peril isn't included, it's included and your potential loss is covered. Usually, but not always, the special form is the one you want to buy. This is especially so if you're not prepared to examine all the possible perils that may happen to your assets and evaluate the potential that they may happen in relation to the cost of coverage and your budget. Because it is more comprehensive coverage, many companies will require that your property has certain updates. Companies look for things like when the roof was replaced and when the plumbing, electric and HVAC systems were last updated.

Not everything is included in the Special form though. Depending on your location and type of risk, the exclusions may be highly material to you. For example, flooding is a common exclusion. That may not matter if you don't face a flood risk, but for many, it's the most important coverage you want. Common exclusions may include:

Ordinance of Law
Earthquake
Flood
Power Failure
Neglect
War
Nuclear Hazard
Intentional Acts

One "sleeper" risk is earthquakes. Many people don't realize that they're close to a fault line because they haven't experienced an earthquake that they could feel. Chicago and New York residents may believe earthquakes only happen in the sunshine state of California, but they would be wrong. the New Madrid fault zone in the heart of America extends from Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri, and Tennessee. Chicago is included and just because it's sleeping, doesn't mean it's not going to wake up at any moment.

In 1968, an earthquake that was felt in 23 states and damaged property in Chicago and it's estimated that a chance of a magnitude of 6 or higher has a 90% likelihood of happening before 2055. The point being, that just because you think a risk is unlikely, doesn't make it so. It's very dangerous to simply assume based on personal experience that a risk isn't possible.

Flood insurance is another type of coverage that many dismiss without careful consideration. Most people wrongly believe they don't live or work within a flood zone. Because of updates in our ability to understand flood risk, locations are no longer considered within or outside of a flood zone. Any given location is rated based on its risk of flooding. That's a good thing because over 20% of property that becomes flooded wasn't considered within a flood zone previously.

What’s the bottom line? You can be sure that by working with an agent at Broadbent Insurance, you’ll have the expert advice you need to make a decision on the type of coverage you should have. If you make the mistake of buying insurance based on cost instead of coverage, you're likely to wish you didn't, and at the worst possible time.

Why You Should Have Boat Insurance Blog

Mon, 08 Nov 2021 21:57:58 GMT

Boating can be relaxing and exciting — but it can also be dangerous. Thousands of boating accidents happen in the United States every year, resulting in deaths, injuries, and expensive damage. Boat insurance in Newark DE can provide important coverage to keep your finances safe. However, you should consider these factors before signing up for a policy.

Necessity
State law does not require you to have insurance coverage for your boat. For some boat owners, the protection provided under their homeowner's insurance policy is sufficient for their peace of mind. However, if you have a newer model or an expensive vessel, it's a good idea to get a separate policy to ensure you're properly covered. Likewise, if you keep your boat in a marina, the marina may require you to get a policy.

Cost
Since boats depreciate in value quickly, the cost of boat insurance may outweigh the benefits if you have an older vessel. However, you'll want to protect your purchase if you have a new watercraft in case something unfortunate occurs. Expect to pay around 1% to 2% of your boat's market value as a premium.

Policy Type
Personal watercraft coverage comes in many varieties, including hull insurance, third party liability, all-risk policies, and so on. Talk to an agent to determine which policy makes the most sense for your needs.

What To Do If You Have An Auto Accident

Mon, 08 Nov 2021 21:52:49 GMT

In most states, drivers are legally required to have auto insurance, yet not everyone behind the wheel does. According to the Insurance Research Council, about 1 in 8 drivers don't have coverage. Think about how many drivers you see on your daily commute; that's a lot of uninsured people on the road!

So, what should you do if you're in an accident with someone who doesn't have car insurance in Newark DE? Follow these steps to make the claims process go smoothly:

Call the Police: Even if the damage is minor, call the police to get an official accident report. The report will make it easier to get your expenses covered.

Don't Accept Money: An uninsured driver may offer you money to avoid legal repercussions. Don't accept, even if it seems like a good deal; there's no telling yet what your total costs will be.

Swap Information: While they won't have car insurance information to offer you in return, you should still get their contact details and vehicle information. You'll need to provide this to your insurance company so they can follow up with the driver.

Gather Details: Before leaving the scene, take note of the time and location of the accident, the name and badge number of the responding officer, and any other pertinent information. You should also take pictures of all vehicles involved, as well as the traffic signs and the direction of traffic.

Welcome To Lisa Broadbent Insurance Blog

Mon, 08 Nov 2021 15:45:18 GMT

If you're like most people, you probably don't think much about your insurance coverage until something forces you. However, the more you know about your policy — and other policies available — the easier it is to make the right choice for your wallet and peace of mind.

At Broadbent Insurance, we do spend a lot of time thinking about coverage. Here on our blog, we strive to share our knowledge with you so you can feel more confident in your decisions and make full use of your policy. Our insurance agencv in Newark, DE, stays up to date on the latest industry trends so you don't have to.

Answering Your Insurance Questions

Keep an eye on this space for posts about some of the most common inquiries we get from clients. Let us know if there are any particular topics you'd like to see covered; we welcome any and all feedback.

Insurance can be a complicated subject and sometimes an urgent concern. If you have a pressing problem or a specific question, don't hesitate to contact our insurance agency to get the answers you need right away. Our friendly agents will address your concerns one-on-one with you. We look forward to helping you get the protection you deserve.

WHAT HOMEOWNERS INSURANCE DOES NOT COVER - FLOODS

Mon, 04 Sep 2017 00:00:00 GMT

On the news we have been glued to watching Harvey release his wrath on Texas and the surrounding areas leaving people without homes, jobs and any resemblance of any normal life. It has been 12 years since Katrina left New Orleans a total mess. The aftermaths of hurricanes have had their way with the residents right here in Delaware. Remember Sandy? Many have been left with nothing because they didn’t have flood insurance. Every year in the United States devastating floods occur causing $2 billion in property damage. Because of changing weather patterns, coupled with over development and leveling of forests that reduce the land’s natural ability to absorb water the flood risk for many has increased, including even those who don’t live near water. What you probably don’t know is that 80% of those flooded in Texas did not have flood insurance. So are you protected from a flood and what constitutes a flood anyway?

Until the late 1960’s, most property owners were unable to obtain insurance coverage against flood damage. Private insurance firms, aware of the potential for catastrophic losses were unwilling to assume the financial risk alone. This put the tax burden on taxpayers to provide costly disaster relief to a growing number of flood victims.

Since 1968 not one Homeowners Insurance Policy in the US includes Flood as a covered peril. As a matter of fact, that is when the Federal Government created the National Flood Insurance Program (NFIP). This federal program provides flood insurance at a reasonable cost in exchange for the careful management of flood prone areas by local communities. Local insurance companies through the agency system sell these flood policies. While other insurance policies vary in coverage, all flood policies are the same since the National Flood Insurance Program ultimately dictates their coverages.

Flood insurance covers direct physical loss caused by “flood.” In simple terms, a flood is an excess of water on land that is normally dry. Here’s the official definition used by the NFIProgram. A flood is (1) “A general and temporary condition of partial or complete inundation of two or more acres of normally dry land area or of two or more properties (at least one of which is your property) from a. overflow of inland or tidal waters; b. unusual and rapid accumulation or runoff of surface waters from any source; or c. mudflow*. (2) collapse or subsidence of land along the shore of a lake or similar body of water as a result of erosion or undermining caused by waves or currents of water exceeding anticipated cyclical levels that result in a flood as defined in A.1.a. above.

* Mudflow is defined (in part) as “A river” partial or complete inundation of 2 or more acres of normally dry land or 2 or more properties from overflow of inland/tidal waters, unusual or rapid accumulation or runoff of surface water from any source”…(Please refer to the policy for specific coverage language.)

Today the NFIP insures more than 5 million policyholders in about 20,000 communities across America. It is administered by the Federal Emergency Management Agency, otherwise known as FEMA.

FACTS YOU SHOULD KNOW

There is a 26% chance of experiencing a flood during the life of a 30-year mortgage compared to a 4% chance of a fire.
Find out if you are located in a floodplain, which is considered a Special Flood Hazard Area. The local Building or Planning Department has Flood Insurance Rate Maps, which are published by FEMA and are available for public inspection. You may be required by law to have flood insurance in a Special Flood Hazard Area. If the Flood Zone you live in begins with an A or a V, then the area is considered a Special Flood Hazard Area.
The average premium is approximately $800 a year depending on where you live and how much coverage is selected.
In low to moderate risk areas coverage can be purchased for as low as $600 a year
Buy as much flood coverage as you can. Primary residences insured for 80% of their value or maximum amounts available get replacement cost coverage. It pays the amount needed to repair or replace most of the building elements up to the policy limits, without deduction for depreciation, once repairs are made.
There is a 30-day waiting period from the time a policy is purchased until you are covered. There are exceptions to this rule:
- There is no waiting period if you have an existing flood policy and an additional amount of flood insurance is required with the application, increasing, extending or renewing of a loan. This includes a second mortgage, home equity loan or refinancing. Coverage is effective immediately as long as the premium is presented at or prior to the loan closing.
- There is no waiting period when flood insurance is required as a result of lender determining that a loan should be protected by flood insurance and it currently does not have flood insurance. Coverage is effective immediately as long as the premium is presented at the completion of a loan application.
- There is a one-day waiting period when an additional amount of insurance is required as a result of a map revision. This applies when the map revision is from a Non-Special Flood Hazard Area to a Special Flood Hazard Area. The increased amount of coverage is available 24 hours after the amount of coverage is applied for and the additional premium is paid.
A flood insurance policy also reimburses you for actions taken to prevent flood damage. For example, costs for moving insured contents in imminent danger of flooding to a safe location are reimbursed up to $1,000 with no deductible. Other costs such as sandbags, plastic sheeting and lumber, pumps, fill for temporary levees and wood to save building can be reimbursed up to a limit of $1,000 with no deductible.
Additional living expenses, loss of use or loss of profits, as well as business interruption are not covered. This means if you can’t live in the house due to a flood, the policy will not pay for costs of living elsewhere. Also back up of internal sewers or drains or overflow from sump pumps are not covered.

The facts for this article were obtained from the National Flood Insurance Program. For additional information about NFIP and flood insurance contact your insurance company or agent, or all the NFIP 1-888-CALL-FLOOD or visit FEMA’s website at http://www.fema.gov/nfip

Call our office today for a flood insurance quote, so you are not part of the 80% wondering how their assets will be recovered! Newark – 302-731-0044 and Wilmington – 302-998-2224

What Property is generally not covered under a Flood Policy?

Recreational vehicles
Decks
Patios
Walkways
Fences
Retaining walls
Swimming pools
Hot tubs and spas that are not bathroom fixtures
Money, bills, coins, currency
Stamps
Deeds
Securities
Valuable papers
Land
Trees
Shrubs
Lawns
Plants
Animals
Personal property such as paneling, linoleum, carpeting and furniture located on floor level with all sides below grade

The Ins and Outs of Travel Insurance

Tue, 27 Jun 2017 00:00:00 GMT

Planning a vacation this summer? Going out of the country? Have you ever heard about the horrible experiences people have on vacation when something unexpectedly goes wrong? I can tell you from personal experience it isn’t any fun!

While in Mexico, having a wonderful time with my family, I took a spill on the marble steps in the lobby of the hotel. The lobby doors were open and the combination of the air conditioning in the hotel with the humidity outside caused condensation on the marble floors which made them very slick. The fall down the flight of steps broke my leg and tore the ligaments in my ankle.

Now to make matter worse the emergency room would not accept our medical insurance card. Cash or credit card was the only method of payment they would accept if medical treatment was to be rendered. They didn’t want Pesos either, U.S. dollars only! Our health insurance company did end up reimbursing some of the costs for the emergency room in Mexico, but not all of them. I was lucky that it was only a broken leg and not some thing worse. The common mind set is that this would never happen to me. So what is a vacationer to do?

Sure you can begin your trip without any travel insurance and be self insured. But did you know that if you become ill abroad the costs for treatment could be very high? How would you find a doctor? Where would you locate the appropriate healthcare facility? Where would you seek advice? Did you know that HMO’s, PPO’s and Medicare typically do not cover you abroad?

An unforeseen accident or illness can ruin a vacation. Missing a vacation is bad enough. Losing the money you paid for a vacation is even worse. By purchasing travel insurance you can take peace of mind when you travel. Travel Insurance , also known as trip insurance, trip cancellation insurance, trip interruption insurance, and vacation insurance protects against cancellation, interruption and delay while also providing medical, lost or damaged property coverage.

Make sure the policy offers a “Cancel for Any Reason” option. “Unforeseen Emergencies” is another option some of the policies contain. This would cover missing a trip due to an accident on the way to the airport, a fire or flood in your house or a call to jury duty. Also make sure the policy covers your specific situation. For example if you are hunting big game or mountain climbing check the policy before you make a purchase to ensure it is covered. Typically, self inflicted injuries, change in personal finances or problems arising from the use of illegal drugs would not be covered.

Another coverage that you would want to make sure is included in the policy is evacuation insurance, as well as a helicopter rescue. And of course you would want the cost your trip back to the United States covered. Each can be costly, with the helicopter rescue running about $20,000, so you want to review the policy and find out if these situations are covered.

Another pit fall to avoid while on vacation out of the country is to beware when renting a vehicle, motorcycle or scooter. Typically, the liability on auto, home or excess policies do not extend to accidents or injuries in other countries. Know your policy exclusions prior to renting vehicles in other countries. So if an accident occurs, there will be no surprises.

Cancellations of due to the cruise line or travel agency going bankrupt would be covered but they might not be if you purchased the insurance directly from the company that went out of business. Typically the policies offered by touring companies as well as cruise lines have more exclusions. It is best to purchase travel insurance directly from an insurance company. Take the precaution to review the insurance company’s AM Best and Standards & Poor’s financial ratings prior to purchasing a policy.

In general, most comprehensive travel policies which include medical coverage, medical evacuation and trip interruption or cancellation, cost about 7 percent of the price of your trip. Prices are based on your age and the cost of the trip. Where you are traveling doesn’t factor into the premium.

Basic Rules of thumb:

Find out if your health insurance covers you aboard
Obtain all recommended vaccinations for your destination
Bring along an emergency kit with medical supplies on your trip
Purchase a package policy – bundled coverage for the best buy
Bundle medical coverage with trip coverage
Beware of pushing sales people
Review the coverages in the Travel Insurance policy prior to purchase
Review the insurance company’s AM Best and Standards & Poor’s ratings

They say ignorance is bliss. However, when it comes to your vacation, it is best to be in the know. That way you can enjoy your vacation to the fullest with peace of mind!

References:
www.insure.com
www.quotetravelinsura.com
www.nationwide.com

6 Surprising Factors Affecting The Cost of Commercial Auto Insurance

Tue, 27 Jun 2017 00:00:00 GMT

by: Travelers

Accidents happen.

And when they do, people expect their auto insurance premiums to rise. That cause and effect relationship is easy to understand.

But even safe drivers are noticing their coverage is becoming more expensive. Owners of large commercial fleets are especially hit hard when rates rise. The truth is that accident history is just a small part of a much bigger picture, created by the confluence of several macro trends.
Here are six unexpected reasons why your commercial auto premiums may be increasing:

1. More Miles Driven

When the recession hit, companies naturally scaled back. Manufacturers produced less; there were fewer sales calls and deliveries to be made. Drivers were laid off as demand dropped.
Since the economy’s been improving, activity is picking up again.

“The need to receive component parts and deliver goods is back up,” said David Nelson, 2nd Vice President of Auto in Commercial Accounts, Travelers.

But rather than hiring more drivers and buying new vehicles right off the bat, companies are instead relying on their core workforce to pick up more work.

“Trucks are being driven more miles, but there aren’t necessarily more trucks. Owners would rather get the most out of their current vehicles before they start adding more,” Nelson said. “The increased risk of more miles per truck will be compounded as the economy continues to improve and companies eventually do need to add vehicles to keep up with demand.”

David Nelson
2nd Vice President of Auto in Commercial Accounts

2. Inexperienced Drivers

The commercial driver shortage continues to increase risks on the road.

Driving long distances is a hard job, so recruiting has never been easy. Now, many experienced drivers are approaching retirement age.

“The lingering question is, where is the next group of truck drivers going to come from? Will they have the same skills and capacity as the generation that’s retiring?” said Chris Hayes, 2nd Vice President of Transportation Risk Control, Travelers.

New regulations may make recruiting drivers even harder. For example, electronic time logs and tracking sheets will replace paper formats by December, 2017.

“Drivers perceive this change as more oversight, and it also means they may have to be more accurate or inclusive in their reporting. The new system will require a level of electronic engagement not all drivers are comfortable with,” Hayes said.

Stricter safety standards and less independence might turn off potential new drivers. While an improving economy means transportation companies are hiring, it also means the talent pool likely has options in other types of service jobs, like factory or construction work.

Those that do get behind the wheel with less experience present a larger risk.

3. Lower Fuel Prices

“There’s a direct correlation between fuel prices and national accident frequency,” Hayes said.
The number of accidents per year has dropped steadily since the early 2000s.

“According to the Department of Transportation’s Fatality Analysis Reporting System, in 2005, there were roughly 43,000 people killed in motor vehicle accidents. By 2014, it dropped to about 32,000,” Hayes said. Some attribute the decrease to safer cars and more awareness around the dangers of drunk driving. But price at the pump played an even bigger role.

When gas is expensive, people limit their time on the road, which leads to a lower accident frequency.
“We saw the least accidents when gas hit its peak at $4 per gallon, and accidents started increasing when it dropped back to $2 per gallon,” Nelson said.

The relatively stable gas prices may mean more cars on the road both for business and personal use. And more cars equal more accidents.

4. Distracted Driving

Screens are drawing a bigger share of drivers’ attention.

“Driving has always had an element of distraction, with texting being a notable recent example, but now dashboard ‘infotainment’ centers are an increasing concern,” Hayes said. “With their radio, GPS, Bluetooth and internet search functions, these systems require a lot of visual engagement.”
Texting, however, has also become a dangerous distraction for those traveling on foot.

“In some of our delivery zones, we were seeing an increased frequency of pedestrian strikes, and we spent some time investigating what drivers were doing differently,” Nelson said. “We found that the drivers weren’t necessarily doing anything wrong; it was the people around the vehicles who were less attentive.”
Semi-autonomous driving also creates opportunities for drivers’ minds to wander.

“As you move into what’s called ‘level two’ autonomous driving, you have multiple safety systems linked together, and there’s a risk that you’ll pay less attention to your driving because you assume your vehicle will take over those functions for you,” Hayes said.

“In other words, the safety benefits of these systems may be somewhat offset by the false sense of security that they provide and less driver attention.”

5. Aggressive Attorneys

In the past, larger claims for amounts of $100,000 or more would have an attorney involved roughly 70 percent of the time. “Now, we are seeing attorneys getting involved in claims as small as $25,000,” Nelson said.

One theory behind the shift is that many law school graduates entering the workforce during the recession had to forge their own paths while firms weren’t hiring, so they went after smaller claims aggressively to generate revenue from an untapped source.

“Some attorneys are specializing in leveraging all of the information available about drivers or operations of a vehicle to prove negligence on the part of the transportation company, often with a good deal of success,” Nelson said.

“The Federal Motor Carrier Safety Administration’s Safety and Fitness Electronic Records System, also known as SAFER, includes number of accidents for a given company, frequency of inspections and violations as a result of those inspections,” Hayes said. “The publicly available data was originally intended for state troopers, federal motor carrier enforcement officers and other people involved in trucking safety to better engage with trucking companies.”

The data was originally meant to improve safety by informing drivers and transportation companies of what they were doing wrong, assuming that if they can measure their performance, they can improve it.
Attorneys now are latching onto that data as evidence that if a particular company or driver has more accidents than the national average, they are more likely to be the negligent party.

“It’s definitely something that can be used to try to influence a jury,” Nelson said.

6. Increasing Medical Costs

An increase in the frequency and cost of soft tissue surgical procedures is another factor making auto claims more expensive.

“There’s a broad cost to deliver care in America. That trend isn’t going away any time soon, and the auto insurance market is impacted by that,” Nelson said. Injuries from auto accidents can run the gamut in terms of severity, but soft tissue injuries in the form of strains and sprains are prevalent. Injuries involving surgery often take longer to heal and require follow-up treatments as well.

All of these factors can drive up the cost of claims, which in turn can lead to higher premiums for insureds. Owners of large commercial fleets have the most exposure, but any company utilizing vehicles for business purposes – even if those vehicles are employees’ personal cars – can feel the impact of rising auto insurance premiums. Keeping an eye on these larger market and economic trends can help insureds not only understand their premium costs, but also anticipate what’s to come.