Archive for the ‘Personal Insurance’ Category

Social Media & You

Posted on: August 22nd, 2017 by Agent Mark No Comments

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If you or a family member are active on social media consider adding “Personal Injury” coverage to your home insurance. Personal Injury coverage will provide coverage if you become legally libel for oral or written publication of material that slanders or libels a person or organization, their goods, products or services.

Have teenagers in your home? Strongly consider the coverage. Personal Injury coverage can be added for about $30 a year.

Home Sharing and Your Home Insurance

Posted on: March 22nd, 2017 by Agent Mark No Comments

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In our house there are not a lot of folks lining up to “home share” with us. Could be the kids, the bird or just me, but as of this posting, no inquiries have been made.

I do realize that there are a number of people out there who are using home-sharing companies to make some extra money. That is why I think it is important to review a few facts about most home insurance policies.

Home insurance policies were designed BEFORE home-sharing was a “thing”. On the standard home insurance policy provided in our office there are several provisions that may exclude certain coverages when you participate in a home- sharing service.

Here are a few things that may be EXCLUDED on your home insurance policy:

  • Loss to a structure (other than your residence ( garage, barn, carriage house) that is rented to others
  • Loss to personal property of your roomers, boarders and tenants.
  • Theft or your personal items from part of your residence that you rent
  • Your liability for bodily injury or property damage to others if rental is longer term

So if you do decide to home-share please contact your insurance agent to review your home insurance policy and any potential coverage gaps that need your attention.

Wait…Did That Billboard Say Herlihy?

Posted on: March 10th, 2017 by Agent Mark No Comments

If you are driving down 290 this month you just might see our name………………

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Now I know a lot of people do not think that insurance is WICKED GOOD and might be confused by this.    I know that many consumers  think of insurance as a bill they  pay for something they never get.

For many fortunate families and businesses that may be  true.  Then there are another group of families and businesses that have experienced insurance losses and know the benefit of  “wicked good”  insurance coverage and a “wicked good”  insurance advocate at claim time.

What makes us WICKED GOOD?

After more than 90 years, we are still a group of local insurance professionals providing “REAL” insurance protection to our clients.  Our goal each day is to meet or exceed our client’s expectations.  I must admit we are a much more diverse group in 2017 than we were in 1927!  Our agency diversity has  definitely enhanced our capabilities to meet our goals.

Herlihy Insurance Group is proud of its local roots and local insurance talent as well as our Team Herlihy commitment to our local community.

We thank our loyal clients for the opportunity to work with them and look forward to serving more of our neighboring family and businesses in 2017.

Just take it easy going by our billboard!!

 

So, Who Is Living With You These Days?

Posted on: March 10th, 2017 by Agent Mark No Comments

room-insuranceSo who is living with you these days? Do you have a “co occupant?”

We don’t mean to be personal………….but we do want your insurance to work!

If you happen to be living with a non relative person and you want to include them on your insurance, there are a few steps you should consider.

First your car insurance, please check that they are listed as a driver.  In Massachusetts they can be a “deferred” driver if they have their own MA car insurance policy. All household members should be listed on your policy.

On your home, apartment or condo insurance policy, check that you have added the Co-Occupant Endorsement that adds insurance coverage for your co-occupant. This added endorsement will extend property and liability coverage to your co-occupant.

When we ask you about who is living with you, we truly are not being nosy! We’re just making sure that we have provided you with the proper insurance protection.

Questions about how to provide insurance protection for other members of your household? We at Herlihy Insurance Group would be happy to assist. Email or call us today with your questions.

Worcester’s Soaking

Posted on: November 13th, 2016 by Herlihy Insurance Group No Comments

Worcester Flash Floods

Last week Worcester was drenched on Friday night. Reports indicated that more than five inches of rain fell on the city within a few hours. Here is a view from one city street!

Although we hated the storm we do LOVE that this gets people talking about Flood Insurance and Coverage for Backup of Water and Sewer.

Flood Insurance is not included on standard property insurance policies. This is a coverage that needs a separate policy.

Coverage for Backup of Sewer and Water can be added to most standard property policies.

Here is a great link from the City of Worcester that reviews suggestions for residents to review regarding preparedness for area “flood” events.

One of their steps is:

Talk to your insurance agent about your coverage. Check out flood and sewer backup insurance.

We love to talk to our clients about this! Every property owner decides what additional coverage is right for them. You may purchase flood and or Back UP of Sewer and Water Coverage or you may decide not to.

We just want you to know about these options!

How high would the 100 year flood be on your building? Consider where you live, what bodies of water are near you and decide if you would like more info on Flood!

Hurricane Matthew and Your Insurance

Posted on: October 15th, 2016 by Herlihy Insurance Group No Comments

As we watch Hurricane Matthew take its toll on many locations, it is a good opportunity to review your own “hurricane coverage”.

We’ll start with the simple things first. Your cars and trucks!

If you have selected the “comprehensive” coverage option on your Massachusetts policy, this will provide you coverage from the types of claims that impact your cars and trucks’ during hurricanes. (For example, water damage, flood, and damage by a flying object, tree falling) So if your car is stationary during the storm you will be well covered. If you happen to be driving your vehicle during the storm, (not recommend) and you collide with something you would also need to have collision coverage on your vehicle.

Your home!

When a hurricane makes landfall, the shear force of hurricane strength winds can destroy buildings, topple trees and bring down power lines. When flying debris, such as signs, roofing material, building siding, and small items left outside, is added to the mix, the potential for building damage is even greater. These types of property damages caused by a hurricane will be covered by most special risk home insurance policies.

The coastal flooding triggered by hurricanes is as destructive as wind but can be even more deadly, and is by far the greatest threat to life and property along the coastline. Storm surge, wave, and tides are the greatest contributors to coastal flooding, while precipitation and river flow also contribute during some storms.

In addition to high winds and storm surge, hurricanes threaten areas with their heavy rains. Flash flooding, a rapid rise in water levels, can occur quickly due to intense rainfall over a relatively short period of time.

Coverage for storm surge, flash flooding or flood damage is not included on a standard home insurance policy. If you are concerned about any of these types of risks, you would need a separate FLOOD policy.

We also recommend that all homeowners include BACK UP of SEWER and WATER coverage on their property polices. When storms hit our area there is also potential for this type of loss to occur. This coverage is also not automatically included on a standard home insurance policy.

If you have any questions on how your policy coverage would respond in the event of hurricane damage, just let us know. We want our clients, friends and families to select the coverage that is best for them.

We at Herlihy Insurance Group will be keeping the all those in the path of Hurricane Matthew in our thoughts and prayers this week.

Collector Vehicles – Are you a lucky owner?

Posted on: September 30th, 2016 by Personal Insurance No Comments

Collector Vehicles

 
We at Herlihy Insurance Group are working to get the message out on Collector Vehicles.

Recently on our office we have had a few calls about Bentley’s, Corvettes, Antique Fire Trucks and a few Mustangs.

All of these inquiries gave us the change to revisit a few important things that our Collector Vehicle owners may want to consider when selecting their insurance.

“Agreed Value Coverage”

This is what you want on your Collector Vehicle. Agreed Value coverage guarantees the policy will pay the full insured amount of the vehicle, inclusive of all sales taxes – with no depreciation – in case of a covered total loss.

Choice of Repair Shops and Parts

Certainly a valuable option that may not be on your policy.

Mileage Limitations

Check any mileage limitations. Some clients need unlimited miles.

Driver Limitations

Always review your drivers. Some policies exclude coverage for drivers under the age of 25.

Questions on your Collector Vehicle? Just give us a call or send us an email.

We will review your coverage with you and make certain you have the right coverage for your Collector Vehicle. Not all policies are the same!

Welcome to Life Insurance Awareness Month!

Posted on: September 17th, 2016 by Personal Insurance No Comments

Life Insurance Awareness Month

We at Herlihy Insurance Group are committed to educating our client about insurance. Some time that job is tougher than we would like!

Life insurance is typically one of the topics that many of our clients prefer not to discuss. We frequently hear, “I am all set.” Or “That is too expensive.” Or ” I don’t believe in life insurance.” Or “That is on my list to look into.” Do any of these responses sound familiar?

If so, please take a moment during Life Insurance Awareness Month to consider:

Six in ten Americans own life insurance.

As many as 132 million Americans rely on life insurance to protect their financial security. Major reasons given for owning life insurance include covering burial and other final expenses (51 percent), to help replace lost income (34 percent) and to help pay off the mortgage (26 percent).

More Coverage Needed

However, 30 percent of Americans know they need more life insurance. Twenty-five percent wish their spouse or partner would purchase some or more life insurance.

Now ask yourself…

How much life insurance am I providing for my loved ones?
Is this provided by my job or do I own it individually?

Be aware! Take the time to review what you have in place and understand how it works.

And please remember… any information on life insurance is FREE!! You can gather all of the facts and costs and then decide if you need any changes.

If we at Herlihy Insurance Group may be of assistance, please let us know.

Tornadoes are a thing – Time to check out your insurance coverage

Posted on: August 25th, 2016 by Herlihy Insurance Group No Comments

Back in our school days we studied all types weather and I rarely remember any of these weather events happening around us.

Now in the past 5 years we have had two tornadoes hit our direct area! Below is a photo from this week’s event.

 

Tornado 2016

 

As I turned to get up from my desk, I glanced at another tornado photo.

This is from 1953!

 

Tornado-1953

 

The people and places are different and very much the same. Home rebuilding is expensive.

We urge all home owners to review the limit of insurance that they have selected for their homes. Everyone wants to have sufficient insurance at tornado time! Check in with your local agent to review your insurance. We at Herlihy Insurance love to review your coverage.

Why We Have Our Business

Posted on: July 20th, 2016 by Personal Insurance No Comments

To put it simply we provide insurance protection for people’s stuff.

During the past ten years our agency has had six total house fires. Typically this is not something that I dwell on in mid-July when half of our clients appear to be on vacation, but this recent fire picture that was emailed to me reminded that anything can happen!

First here is my photo:

Fire on Figure

A few facts about house fires from the National Fire Protection Association…

In 2014 there were 1,298,000 fires reported in the United States that caused $11.6 Billion in property damage.

One home structure fire was reported every 86 seconds.

When I review data like this, I think of all of our families, clients and friends.

  • Do they have enough insurance to replace their home if it is destroyed?
  • Do they have “ordinance of Law” coverage so that they can have the additional funds they may need to rebuild with today’s building code?
  • Do they have all their smoke detectors and or fire alarms working so no one gets injured?

I hope so! If you are not sure, just check in with your agent on these things. It really is worth the effort.

As a business we really do enjoy protecting people’s stuff, but we really need your help to make certain that the insurance protection you select continues to be adequate.