Two Reasons to Consider Renter’s Insurance in Missouri

According to U.S statistics, 35% of the country’s population live in rental homes, and this should mean that a good percentage of the population should also acquire renters insurance. However, a recent survey conducted showed that about half of renters aged between 22 and 30 have not procured this type of insurance, which subjects them to a huge risk. At Nieroda Insurance Agency, serving Saint Charles, MO, we are an insurance agency that does not only provides renters insurance but also teaches clients why it is beneficial to procure renter insurance. Security for your belongings and property should be a concern for all renters.

Below are two reasons why Nieroda Insurance Agency suggests renter’s insurance for Missouri residents:

1. Providing security to your guests

This is applicable for aggressive pets, for example. If a guest is bitten accidentally by one of your pets while at your home, then you are liable for their medical bills. If you have a renter’s insurance policy, the costs may be covered by liability in your policy. You will need to discuss the details with your insurance agent before filing a claim. This type of policy is good for handling liability issues when an incident occurs that is due to your negligence or actions.

2. Coverage for damages caused by fires or weather to your belongings

A landlord’s policy will not cover your belongings from damages due to weather or a fire. If the incident is not due to your negligence, a renter’s insurance policy will gladly repair or replace your possessions should a covered peril occur. If you have higher end items, you will need to let your insurance agent know so that they can determine if you will need additional coverage. It is also wise to make an inventory of your most valued possessions to make sure that you have the appropriate amount of coverage.

Contact the agents of Nieroda Insurance Agency in Saint Charles, MO to get a quote on a renter’s insurance policy and to learn more.

Do I need flood insurance in low risk areas?

It is possible to avoid unexpected surprises and huge losses when you understand how prevalent floods are in Saint Charles, MO. However, with current storms and hurricane patterns becoming increasingly unpredictable in recent years, prevention is better than cure, and thus you need to purchase sufficient flood insurance from Nieroda Insurance Agency. Interestingly, some homeowners are not sure whether it is advisable to buy flood insurance in low-risk areas. Here are a few considerations.

It is not easy to assess flood risk

According to an article written by various contributors including authors from FEMA, it was established that assessing flood risk can sometimes be confusing. One candid opinion from an interviewee; it is easier to assess earthquake than flood risk. The opinion of scientists and flood risk experts in the article underscored the significance of purchasing flood insurance. Moreover, there have been claims that FEMA is not good at predicting flash floods, because, in most cases, it focuses on river flooding.

Flooding outside high risk flood areas

For example, during the last week of May 2015, 311 calls related with flooding were geocoded from Houston, TX, which was considered a 1% annual chance of floods by FEMA. In other words, a lot of flooding was recorded outside places regarded traditionally as high risk than inside. This is an indicator that you cannot decide that you don’t need flood insurance simply because according to the FEMA map, you’re outside the high risk flood zones.

If you see signs such as erosion or ponding on your property or an elevation by FEMA in relative to the areas close to your home, then you need flood insurance. Moreover, the cost of repairs and replacement after a flood disaster outweigh the flood insurance premiums. Therefore, to be on the safer side, you should purchase flood insurance from Nieroda Insurance Agency. Contact us today for more information about flood insurance in Saint Charles, MO.

Myths about Condo Insurance

The Truth about Condo Insurance

Once you own a condo in Saint Charles, MO, it’s time to shop for condo insurance from an agent at Nieroda Insurance Agency. Don’t let these common myths fool you into not getting the right coverage.

Myth 1: My condo association already has insurance, so I don’t need it.

The insurance coverage from your condo’s master policy won’t protect you or your belongings. This coverage only applies to damage to the building and common areas. Every condo owner should have insurance to protect what is inside the unit.

Myth 2: Condo insurance only protects your belongings.

Condo insurance coverage will do more than just protect your belongings. Just like homeowners insurance, condo insurance comes with some liability coverage. Some policies will even cover additional costs to improvements you made in the unit, additional living expenses if you can’t live in your unit, and additional protection to cover you if your condo association doesn’t have adequate coverage.

Myth 3: Condo insurance will cover everything in the unit.

There is usually a limit on condo insurance policies for things like jewelry, watches, fur, or gems. If your jewelry and other special items are worth more than the limit, you will want to purchase additional coverage.

Myth 4: Condo insurance covers water damage.

Condo insurance likely won’t cover damage caused by sewer backups or overflowing water from rain or spring runoff. It’s a good idea to check with your policy, so you know what is covered.

Myth 5: If I rent my condo, my coverage will cover my tenants’ belongings.

Your rented condo insurance won’t extend to your tenants or their belongings. They will need their own renter’s insurance policy to cover their belongings and liability claims.

Contact Nieroda Insurance Agency, serving Saint Charles, MO, to get a quote on condo insurance.

Considerations When Selecting Your Medical Insurance

There are many factors to consider before selecting a medical plan. While many people have coverage through an employer, you may pay for your own medical insurance. Either way, you want the best options you can afford, including prescription, medical, and emergency care, such as ambulance transportation. Ask your Nieroda Insurance Agency representative for more information. In the meantime, here are some tips to get you started selecting your medical insurance in Saint Charles, MO.

General Practitioner Coverage

Some healthcare policies have a pre-approved network of doctors. If you want to keep your current physician, check whether they accept the health care plan you’re purchasing. To choose a new doctor, check out the directory provided by your insurer or ask for a recommendation.

Refer to the American Medical Association for reviews and complaints. Make sure the office hours match your availability.

Emergency and Hospital Care

Figure out what hospitals and emergency rooms your plan covers. It’s important to check the fine print on this portion of your coverage since various plans have unique definitions of what constitutes an emergency. Something that seems obvious to you may not be covered, for example. 

Prescription Drugs

Prescription drugs can be very expensive to pay out of pocket. If you have a monthly prescription, you need to choose a health care plan that covers that. Also, consider whether the coverage is mail order or pick up from a pharmacy and choose the plan that best suits your requirements.

Contact Us

Contact Nieroda Insurance Agency for all your insurance issues. Feel free to ask any questions about obtaining health insurance in Saint Charles, MO or make an appointment for a quote.

 

 

Life Insurance: Is It Really Necessary for Your Situation?

Do you need life insurance?

A lot of people need it but don’t have it. Others have it, but they may not need it. Like other forms of insurance protection, there are many options for how much coverage to get and what type of policy you should have. The Nieroda Insurance Agency serves the Saint Charles, MO area, and can advise you on the kinds of life insurance policies available. Then you can work with an agent to choose the policy that’s best for you, and decide what level of coverage you need and want to have.

With life insurance comes peace of mind, for you and your family. That allows you to be protected, and helps to make sure your family will also be protected if something should happen to you. Especially if you’re the main supporter of the household, having life insurance can make a difficult situation a little bit easier. But there are some cases where it may not be necessary, or where a high level of coverage isn’t practical. In those cases, it’s better to have options and to be an informed consumer so you can make the right choice for your needs.

Reach out to us at the Nieroda Insurance Agency today, and let us help you find the policy that’s going to be the right choice. We proudly serve all of the Saint Charles, MO area, and have helped many customers just like you get the policy that fits their situation and needs. Contact our offices to speak with an agent and learn more about the benefits of a life insurance policy as well as the options we provide. We can help you get a quote and walk you through the life insurance process.

Why is Auto Insurance More Expensive for Some Drivers?

Auto insurance is something that we are all required to hold by law to protect ourselves and other drivers on the road. The right auto policy might be more expensive for some drivers than others and knowing what causes these differences in pricing may affect what type of policy you take out and what you do to insure yourself. For those that live in the Saint Charles, MO area, the agents with Nieroda Insurance Agency can help you understand the pricing for particular insurance policies.

For the most part, drivers are subjected to a certain rate across the board that is adjusted according to the vehicle that is being insured, the safety features of that car, the overall amount of coverage, and the driver themselves. Certain drivers are considered high risk. These drivers are those under the age of 25, not married, do not have a college degree, have multiple driving infractions or accidents on their record, or are male.

These individuals are considered high risk because statistically they are involved in more accidents than other drivers. Teenage males are considered one of the highest risk drivers according to accident statistics across the board. Another issue that drives up the cost of insurance is the number of accidents that drivers are involved in. More accidents mean that they are a higher risk to the insurance agency regarding having to pay out on an accident. In some cases, insurance agencies will drop drivers if they have multiple accidents due to the fact that it costs a great deal of more money to insure these drivers.

For those that live in the Saint Charles, MO area, the agents with Nieroda Insurance Agency can help you determine the best policy for your particular needs. Reach out to us for more information on how you can get started on an auto insurance policy, and try our online rating tool for quotes on auto insurance.

Is Your Business Owners Policy Enough?

Concerned your Business Owners Policy might not provide you with the coverage you need? At Nieroda Insurance Agency in Saint Charles, MO, we can help you make sure you have the policy that will meet those needs.

Inclusive

Generally, a Business Owners Policy is very inclusive. It is typically the right fit for many businesses. However, even these inclusive policies have exclusions. It’s important to go over the coverage, carefully, with your agent to make sure there are no surprises down the road.

You don’t want to have an incident later on, or a loss, and find out your insurance doesn’t cover that type of incident or loss.

Exclusions

Some of the exclusions in Business Owners Policies include:

  • Commercial Fleet Insurance: You’ll need a separate policy to cover your fleet of vehicles. These are expensive assets, so it’s important to know they won’t be covered. Other vehicles the business owns may not be included either, so make sure to check. Ask your agent what additional coverage you’ll need.
  • Mechanical Equipment Breakdown Insurance: This insurance, which covers the repair or replacement of equipment and some revenue loss, is typically not included.
  • Disaster Coverage: Make sure to see if your Business Owners Policy covers natural disasters. See if debris removal or flood insurance is included, and what the limits are. These may be additional policies you’ll want to add.

Make sure to read the fine print on your commercial insurance policy. Business Owner Policies work well for many types of small businesses, but it is important to understand what they cover, and what they don’t. If you have questions about your policy or are considering adding to your coverage, contact us at Nieroda Insurance Agency in Saint Charles, MO. We can help!

Dealing With a Home Burglary

A home burglary is a difficult event to cope with, especially if you live in a safe area where you would never think a home invasion would occur. Whether you saw the robber or came home to a broken window and missing possessions, your initial instinct tells you to panic. However, it’s best to be proactive about the situation and take the necessary steps to try to cover your property. Nieroda Insurance Agency, serving Saint Charles, MO, and the surrounding area, has a few tips to help. 

Take an Inventory of Your Possessions

If it’s not apparent as to everything that was stolen immediately, go through your home and take an inventory of everything that the thieves took. Make a list of these items to make the process of discussing the event with the police as easy as possible. 

Contact the Local Police 

Next, contact your local police immediately after you determine what’s missing. Keep in mind; it’s hard to have a theft claim paid if there’s no evidence it happened, which is why it’s vital you call the police before you file a claim.

Contact Your Insurance Company

After you speak to the police, you should call your insurance company to file a claim. They may need information from the police report. No matter how frustrated or upset you are, make sure you cooperate with the homeowner’s insurance company representative because they’re only asking you for necessary information to process your claim. You’ll receive forms you must fill out correctly and send back. Make sure you gather any receipts for the missing items or any bank or credit card statements that reflect the cost of the missing items. 

Whether you need to file a home burglary claim with us or would like to open a policy, contact Nieroda Insurance Agency, serving Saint Charles, MO, and the surrounding area, by calling or visiting our offices for a quote. Also, try our online rating tool for quotes from home on home insurance.

Why Do I Need Motorcycle Insurance?

You may only ride your motorcycle to enjoy the beautiful weather in St. Louis or Saint Charles, MO, or even to take the occasional weekend trip throughout the countryside. The motorcycle may not be your primary mode of transportation, and you may wonder if you need insurance. The friendly professional agents at Nieroda Insurance Agency can assure you of the necessity of motorcycle insurance and help you choose the right coverage.  

Motorcycle Insurance Helps Protect You as the Rider and Your Bike

Even the most vigilant motorcycle drivers can be hurt in an accident, and motorcycle insurance can help with medical bills. Insurance would help cover bills even if the accident did not involve another vehicle. Bikes can be damaged during accidents just like any other vehicle on the road, and this property damage can be covered by an insurance policy. Similar to car insurance, this type of insurance protects against theft and vandalism as well as small dents and other damage that may occur.

Motorcycle Insurance Helps Protect You When Others are Injured

Liability insurance on your motorcycle will help cover you if others are injured as a result of an accident. In most accidents, it is the bike and the rider who are hurt because they are more exposed than passengers in other vehicles. However, if a motorcyclists were to hit a person walking on the street, there could be quite significant liability charges. This insurance would help pay those charges. If you cause an accident and there is damage to the other vehicle or someone’s property, liability insurance will help with those bills as well.

Do You Need Comprehensive or Total Loss Coverage?

Comprehensive coverage is complete protection and can help replace the motorcycle if it is totaled. The value of your motorcycle will be determined by a Nieroda Insurance Agency specialist much like the value of a car would be determined using the blue book value. For owners of classic or custom motorcycles, there are policies which will give you a stated value of the bike instead of actual cash value.

Motorcycle insurance is mandatory in most states and Nieroda Insurance Agency in Saint Charles, MO can help owners determine the level of coverage they need. Reach out to our offices to speak with an agent and get a quote.

Boat Insurance: What You Need to Know When Buying Your First Policy

Spring is just around the corner and this means that people who love boating are starting to think about getting on the water. If you have just purchased your first boat, Nieroda Insurance Agency, serving the greater St. Louis, MO area, wants to make sure you know key information that will help you understand boat insurance. Here are a few things that you should know when buying your first boat insurance policy. 

What Boat Insurance Covers

Standard boat insurance typically covers physical damage to your boat should you get into a boating accident, cause property damage, or bodily injury. You can also purchase comprehensive boat coverage that would cover you if your boat is stolen, catches on fire, floods, or is vandalized. Personal property insurance may also be purchased to cover any extra items that may be inside the boat, such as fishing gear or sound systems. 

Where Your Boat is and Isn’t Covered

When you are buying boat insurance, it is important that you understand where your boat is and is not covered. Some policies restrict where you can take your boat based on the size of the boat and safety concerns. Always read what waterways your boat is covered in and which are restricted. 

What it Means to Lay Up Your Boat Insurance

Lastly, you should know what it means to lay up your boat insurance. If you store your boat in a storage facility or your garage, you may have the option of laying up the boat insurance. This means that your boat is not covered on waterways while in storage. This can save you money but you need to ensure you don’t forget the insurance is laid up and then try to use your boat, or you will be without coverage. 

If you are looking to purchase a boat insurance policy in the greater St Louis, MO area, turn to Nieroda Insurance Agency. Give us a call today to get started.