How Does an Umbrella Policy Work?

Understanding how an umbrella insurance policy works in Boise ID helps demonstrate the importance of this type of policy.

An umbrella policy will kick in after either your homeowners or auto insurance policy coverage is maxed out. If you have boat liability insurance, your umbrella policy will also kick in after that. Umbrella insurance will also cover some other liability claims that other policies won’t cover, including slander, false imprisonment, and libel. Umbrella insurance is useful for rental properties, since it can provide coverage beyond your homeowners policy. An agent at Fuhriman Insurance Agency can help determine how much coverage to have for your situation.

To understand this policy, think of this example. You have a party at your home and a guest slips on the steps. The guest has very high medical expenses and then also sues you. The jury sides with the guest and gives her a settlement of $1 million. However, your homeowner’s personal liability only covers $300,000, which means that you owe $700,000.

You would have to come up with this money somewhere, which usually comes out of retirement savings. Without retirement savings, you may have to work for an additional time or reduce expenses to build up your savings. If you have an umbrella policy, then your policy will cover what your homeowners insurance doesn’t. This means that you don’t have to dip into any savings.

This policy also covers the attorney fees and the other expenses that are related to the lawsuit, which aren’t going to be covered under your homeowners policy. You won’t have to pay a separate deductible for the umbrella policy to kick in, so you are only out the money for the deductible on your homeowners insurance. If you were found liable in a claim where your homeowners or auto insurance didn’t have coverage, then you would have a deductible for umbrella insurance, but not in this case.

Contact Fuhriman Insurance Agency, serving Boise, ID, to get a quote on umbrella insurance.

Do I Really Need Full Coverage Auto Insurance?

When it comes time to shop for auto insurance in Boise, ID, you may be wondering if you need full coverage or just liability.  This depends on whether or not you have a lien on the vehicle’s title. If you do have a lien, meaning that a bank has given you a loan for the car, then you are required by law to have full coverage. This helps protect you, the bank, and anyone else that is involved in an accident regarding your vehicle.  

One thing to consider is that each state has a minimum amount of insurance a vehicle must have in order for it to be on the road.  This is also true when it comes to full coverage.  It is the state that defines what that limit is and what exactly is included in full coverage auto insurance in Boise ID. The informative team at Fuhriman Insurance Agency can help you go over exactly what full or liability insurance in Boise, ID actually covers.  

The Benefits of Full Coverage Auto Insurance

Even if you own your vehicle, you may still want to consider full coverage over the state’s minimum liability. While no insurance policy can cover absolutely everything that may occur with your vehicle, full coverage is the closest you can get without any additional add-ons like umbrella insurance.  The point of having full coverage is to protect you from the following:

  • being sued
  • being left with a car that is no longer usable
  • uninsured drivers

It also provides these essentials:

  • medical coverage
  • rental car coverage
  • towing and labor

While the above list doesn’t cover every benefit of full coverage, you can more about purchasing auto insurance in Boise, ID, and all the benefits that come with full coverage, by contacting the team at Fuhriman Insurance Agency today. They can be reached at 877-342-7935.  

 

 

 

Where Can You Claim Your Health Insurance?

Health insurance is meant to cover a person from the risk of incurring medical costs either fully or partially. Depending on the limits, the insured party may need to pay for the charges once the maximum payment has been made.

Fuhriman Insurance Agency, located in Boise, ID, recognizes the importance of a good health insurance. We give our clients personal agents that they can reach anytime.

 The method of submitting a claim influences the parties that will be involved. The following are some of the places you can claim your health insurance.

  • To The Insurer’s Local Branch

You may decide to send a mail or personally submit your claim form to your insurer. You will also be required to submit original itemized receipts from the insurance provider. An itemized receipt shows all the services offered by the doctor and how much each one costs.

  • Online

Most healthcare providers allow you to simply log into their websites or apps and make a claim. Depending on your insurer, you may be required to upload accounts and receipts or just the provider’s number, item code and cost. This method is fast and mostly automated.

  • The Hospital

When making a claim under hospital cover, the hospital submits your claim. Upon arrival at the hospital, you will be required to produce a membership card. From there, the hospital will submit your claim for you. In case the bill is more than the insurance covers, you will be required to pay the extra cost.

Fuhriman Insurance Agency provides custom policies for individual needs. We offer quality insurance products and satisfactory customer care. 

Visit us today in Boise, ID.

Do I Need Recreational Toy Insurance?

If you and your family own recreational toys, then you have probably asked yourself if they need to have insurance on them. Riding four wheelers, campers, and jet skis make for great memories but there is no better feeling than enjoying your recreational vehicles and knowing that if something breaks or an accident happens, that the insurance will have it covered. There are different types of insurance coverage to choose from depending on the type of vehicle you own, and here is a quick look at a few types of coverage you can get.

Please note that not all policies will be the same from one insurance carrier to the next. This is why it is so important that you speak with a qualified insurance agent to make sure you are investing in a policy that has you properly covered.

Liability- Property Damage and Bodily Injury

This coverage is great for off-roading and boating. Accidents happen both on and off-road and with liability coverage, you can rest assured that financial help will be given to pay for any damage or injuries that may be caused by you.

Collision

In an event that you are hit by another boat or ATV, or you hit an obstacle like a tree, this coverage will pay for any damage to your toy vehicle.

Comprehensive

Collision covers your recreational vehicle from accident damage, whereas comprehensive covers damage from non-collision damage like vandalism, weather, theft, and fire.

Recreational toys are designed to be driven fast and accidents do happen, this is why it is important to get coverage. If you would like to learn more about recreational toy insurance and the different types of policies offered in Boise, ID, please contact the Fuhriman Insurance Agency today.

What’s Covered by an Umbrella Insurance Policy- and what Isn’t?

A general insurance policy has limitations on coverage that many don’t realize until they experience a situation not covered by the policy. Having an umbrella policy is added protection on top of your home insurance policy, and is proactive instead of reactive.

What is an Umbrella Insurance Policy?

An umbrella insurance policy is put in place to offer additional coverage to protect a person’s home from theft, lawsuits, injuries, disasters and more. An umbrella policy can be customized to a policy holder’s specific needs and the policy picks up to cover where a general policy caps out.

If you are in the Boise, ID area and considering an umbrella policy, remember to work with an experienced and professional Insurance Company, like Fuhriman Insurance Agency to help you pick the right umbrella insurance policy.

What is Covered Under an Umbrella Policy?

An umbrella policy is separate, additional liability coverage purchased on top of a general policy. Coverage includes legal situations and lawsuits- including fees and damages- rental properties, injuries and other unexpected situations that may arise.

In example- you have $250,000 worth of liability insurance on your policy and someone falls in your house and gets hurt, sues you and a judgment of $400,000 is found against you. The umbrella policy will now kick in to pick up the balance of the $150,000 not covered by the general policy.

What’s Not Covered Under an Umbrella Policy?

An umbrella policy will not cover personal property, business contract disputes, or intentional, reckless criminal behavior.

Having an umbrella policy adds a sense of safety and protection for you and your family, as well as your belongings. If you are seeking an umbrella insurance policy, Fuhriman Insurance Agency services the Boise, ID area and has experienced, professional insurance agents available to steer you toward the right policy for you. Contact one of our agents today to get started.

Should I Update My Toy Insurance If I Add Parts or Update My RV?

If your RV is totaled or stolen, your insurance policy should pay out the current value of your RV. However, if you have added parts or updated the RV, the insurance company may not know the right value of the RV. As such, one of the questions that we at Fuhriman Insurance Agency, serving the greater Boise, ID area, are often asked, is whether someone should update their toy insurance policy if they add parts or renovate an RV, and if so, how should they do that. Here is some information you need to know. 

If you have renovated your current RV or have added on parts that have increased the value, you will want to call your insurance company. If you added on parts, you may need to add those parts to the policy to ensure they are covered. If they are not added to the policy, they may not be covered against theft or damage. If you have updated or renovated your RV, an appraiser may need to inspect your RV and assess its new value. Either way, the insurance company will let you know what you need to do to get these items covered and ensure your RV and all of its parts, are fully covered under your insurance policy. 

If your current toy insurance policy needs to be updated, or you are in the market for a new one in the greater Boise, ID area, contact the Fuhriman Insurance Agency. We can help you put together a policy that best protects all of your toys and RV. Call us today to get started. 

Bar fights and your insurance needs

Bar fights and insurance needs probably aren’t the first topics a new bar or restaurant owner think of, but preparation remains vital to business success. No bar or restaurant owner wants to think about a fight breaking out, but drama occurs in even the finest establishments. Proper insurance preparation is key. Every owner needs to understand the legal doctrine of premises liability and obtain premises liability insurance.

Premises Liability

The law considers bar patrons and restaurant goers "invitees." Invitees have the right to remain safe from harm or injury while on the premises. Premises includes the parking lot, alleys, and land on which the establishment sits. The owner "must do everything reasonably possible" to keep patrons safe. Inviting children onto the premises increases the burden of "adequate warning" and protection. Hiring security or bouncers comes under this. If a fight breaks out and a court finds for the patron, the cost to the bar or restaurant can be great. Carrying proper insurance protects the establishment.

No-fault Premises Liability Insurance

Many establishments purchase no-fault premises liability insurance. This insurance pays injury claims of patrons regardless of who was at fault. It does not cover pain and suffering, however. The insurance covers other incident types, as well, like falls and fires. This is a separate policy from the business insurance policy. Carrying this policy helps the business avoid lawsuits by paying for the patron’s injuries regardless of fault.

Boise, ID’s Fuhriman Insurance Agency can help you understand the special insurance needs of a bar or restaurant. We’ll help you determine the policies you need and appropriate coverage amounts for your establishment.You can avoid potential lawsuits through proper insurance. In Boise, ID, Fuhriman Insurance Agency wants to help you keep your business safe and growing.

How to Know if a Worker is an Employee or Independent Contractor

As a business owner in the Boise, ID area, it’s important to know if you are working with an independent contractor or if you have an employee according to the Idaho rules.  The difference can affect your business in a variety of ways.  Idaho State uses a control test to help determine if the working relationship is employee-employer or an independent contractor.  The “Right to Control Test” has four main areas to help guide you through the distinction. 

  • Control by the business.  If the business requires set hours of work, provides training, integrates the worker into the business’s main mode of operation, or has a requirement of reports on a schedule, then it is an employee-employer relationship.  If the worker provides their service to other companies and the general public, it’s likely they are an independent contractor.
  • Method of payment.  If payment is made by regular intervals – hour, week, day, month or other intervals, the relationship is employee-employer.  If the worker could have a profit or loss as a direct result of their service, then they are considered an independent contractor.
  • Necessary equipment.  If the company provides the equipment necessary, then it is seen as an employee-employer relationship.  An independent contractor makes the equipment investment.
  • In an employee-employer relationship, there is an ongoing relationship focused around the work.  If it is not an employee, the relationship can be ended without liability by either party at any time.

A “yes” to any of these items can mean the relationship is employee-employer.  Use the “Right to Control Test” as a guide.

Fuhriman Insurance Agency

The Fuhriman Insurance Agency provides commercial insurance to companies in the Boise, ID area.  Contact a Fuhriman agent today to review your business insurance needs.

What Is Umbrella Insurance and Why Do I Need It?

We live in a litigious society. As a Boise, ID homeowner, having added insurance protection and knowing your personal assets aren’t at risk can bring peace of mind. Just as an umbrella protects you from inclement weather on a rainy day, added umbrella insurance coverage can help you shield your personal assets in the case of a large liability claim. Having umbrella liability protection in place if you are found liable for legal damages that exceed your homeowner or auto insurance can help you avoid financial ruin

Umbrella coverage kicks in when you have reached the limits of your present homeowner or auto policy coverage. If your homeowner policy has $500,000 limit, by purchasing an additional umbrella policy you can cover claims that run higher than $500,000. This protection covers a variety of claims as well as legal defense costs, slander, libel, and defamation of character.

Why Should I Buy an Umbrella Insurance Policy?

The more you own, the more you have to lose, in the event of a large claim. If you have accumulated any type of personal wealth, including, but not limited to, a home, property, or an investment portfolio, you can potentially benefit from an umbrella policy. Check with Fuhriman Insurance Agency to find out if you have assets which need extra protection, or if you may be a target of a large lawsuit.

An umbrella policy may also protect you if you are the type of person whose personal circumstances can make them a target for a lawsuit, such as someone who:

  • Has a swimming pool
  • Owns a large-breed dog
  • Participates in hobbies or sports that could lead to unintentional harm to others, such as auto racing or hunting

The Pros of Umbrella Insurance

Umbrella insurance provides coverage not covered in your homeowner or auto insurance policy. If you have a low tolerance for risk an umbrella policy is an attractive protection method for securing your assets. There are many advantages to having an umbrella insurance policy, including:

  • Your retirement nest egg is protected. A large liability lawsuit could potentially drain your savings and delay your retirement. With umbrella coverage that is less likely to happen.
  • Your family and pets are covered. It is difficult to control the behavior and actions of other members of your family, including pets. In the event that you, other family members or pets cause harm or injury, an umbrella policy will cover those claims.
  • It’s relatively inexpensive. An umbrella policy doesn’t take effect until your primary homeowner and auto policy limits are reached, so coverage rates are generally inexpensive. 
  • Peace of mind. You’ll rest easier knowing that large, unexpected liability claims won’t cost you your savings.

For more information about how to protect your home, family, and assets, call the Boise, ID insurance experts at Fuhriman Insurance Agency today.  

 

In Boise, ID, What Are the Minimum Requirements for Auto Insurance?

The agents of Fuhriman Insurance Agency serve residents throughout the Boise, ID area. it is important to know what the state mandated insurance requirements are to be fully protected by the law. Each state requires every vehicle driven on the street to care a minimum amount of auto insurance that will cover damages to property and injuries to parties involved. Idaho, like most other states, has state mandated minimum requirements for auto insurance coverage that all drivers must carry to be legally insured. Drivers who are caught driving without proper insurance are heavily fined and may have their license suspended. 

Individuals who are found to not have the required minimum coverage may face the loss of the driver’s license, state-mandated fines, and in some cases, jail time. Whenever a person’s purchases a new vehicle, it is important to ensure they have the proper type of coverage and in the correct amounts. A person who has had the same policy in place for several years should also have their policy reviewed to make sure they carry the proper amount of insurance. A driver’s age, clean driving record, and other factors will play a role in the type of coverage a person gets and how much it will cost.

Call the agents at Fuhriman Insurance Agency if you live in Boise, ID and are concerned that your current insurance policy may not offer sufficient coverage. The agents will answer your questions and work with you to make sure you have all of the coverage you need to meet or exceed the state’s minimum insurance requirements for automotive insurance. It is important to maintain constant continuous auto coverage on your vehicle to prevent legal action being taken if an accident occurs.