Month: June 2023

The Value of Business Interruption Insurance for Any Company

Posted on by AgentInsure

Ask anyone who runs their own business, and they will tell you it is no cakewalk. It may seem great to be your own boss, run a business, and make decisions, but it also brings a lot of stress and potential mishaps should unfortunate events occur. Whether you live in West Hartford, CT or Los Angeles, CA, things happen, and it is essential to be ready. The team at AllConnecticut Insurance is here to help you understand business interruption coverage and much more!

The Concept of Business Interruption Insurance

The whole idea behind business interruption insurance is that it provides coverage if your business needs to shut down for a set period.

The most straightforward example for business owners to wrap their heads around is a situation where you run a retail store, and something occurs to the building. Say, for example, a tree were to fall on your store, and you cannot open it, your inventory is damaged, etc. This is the type of thing that business interruption will help you cover.  

Recovering Lost Income

So what exactly are you recovering from your West Hartford, CT business when you are filing for a business interruption policy claim? It all comes down to lost income. The income you were projected to bring in during that period is what you will be eligible to receive back up to your limits per the policy.

The team at AllConnecticut Insurance is here to help you understand business interruption coverage. It can be a tricky topic, but businesses of all sizes must understand and use it as a tool to alleviate risk.

Exploring Different Types of RVs and Their Insurance Needs

Posted on by AgentInsure

Life on the road in an RV can be a dream come true. But with great freedom and adventure comes great responsibility. Insurance for an RV is not a one-size-fits-all solution, and it is essential to understand the insurance needs based on the type of RV you own. Before you set out from West Hartford, CT. ALLConnecticut Insurance explores the different types of RVs and discusses the specific insurance needs for each type.

Motorhomes

Motorhomes are the most popular type of RV, and they can range from Class A to Class B (camper vans) to Class C, depending on their size. Motorhomes require insurance that covers both the vehicle and the personal belongings inside. The primary coverage options include collision, liability, and comprehensive coverage.

Travel Trailers

Travel Trailers are towable vehicles that attach to the back of a truck or SUV. They are usually less expensive than motorhomes and require different types of insurance. Travel Trailer insurance is designed to cover the vehicle and the add-ons and furnishings inside the trailer. This type of insurance typically includes liability coverage in case of an accident, comprehensive coverage for theft, vandalism, or damage caused by weather, and collision coverage.

Fifth Wheels

Fifth Wheels are similar to travel trailers but are larger, more luxurious, and can carry more weight. They are towable and require separate insurance but may offer additional towing protection. They also need coverage for the personal property inside, liability, and comprehensive and collision coverage.

The specific insurance needs for your RV depend on your usage, the value, and the type of RV you own. It is important to know that RV insurance is not always the same as auto insurance; contact ALLConnecticut Insurance in West Hartford, CT, for all your questions.