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Every year, 1 in 15 homeowners will file a home insurance claim. No matter where you live, it’s likely that at some point in your homeownership, one of these instances will happen to you. Some claims are inevitable, but there are a number of things you can do to help reduce your risk of having to file one. 

Here are the most common insurance claims and how you can prevent them:

Wind and Hail 

In New England, we’re prone to strong storms year-round. Wind can arise, seemingly out of nowhere, and uproot trees, cause downed branches, and even sweep the shingles right off your roof. Similarly, even a light hailstorm can cause property damage to your roof and windows.

If a storm is coming, store loose furniture in a safe place and make sure you have enough emergency supplies for at least 72 hours. If hurricane-like wind and rain are expected, you may want to consider boarding up your windows and doors. You can learn more about preparing for a hurricane here. 

Above all, be sure to monitor the weather. Being prepared is the best defense against significant damage.

Fire 

There are a number of reasons a fire can start inside and outside your home. From unattended candles and fireplaces to kitchen accidents, home decor, and backyard grills, hazards are around every corner. Even a natural disaster like lightning can send a house up in flames in mere seconds. 

To protect your home and more importantly, your family:

• Always have working smoke alarms on every floor of your home. 
• Make an emergency evacuation plan.
• Never leave open flames unattended.
• Keep all gas tanks and grills a minimum of 10 feet from your home or other structures on your property. 
• Don’t use a gas stove or fireplace to heat your home.
• Ensure electrical wires are out of reach of children and pets. 
• If you think you smell gas in your home, immediately go outside and away from your home and call the gas company.

Water Damage 

Perhaps one of the most frustrating problems as a homeowner is water damage. It can happen often, especially if you’re in a flood zone or an area prone to significant rainfall, and it may not be covered under your current policy. From freezing pipes in the fall and winter to storms in the spring and summer, you can experience water damage at any time. 

To reduce your risk, make sure doors and windows are properly sealed and gutters are cleaned. Once a year, you may always want to have your roof inspected for loose shingles. 

If you do experience significant water damage, we offer a sump pump coverage amendment. Contact us to learn more about your options. 

Liability 

Home insurance protects your physical home and belongings, but did you know it also protects you from a lawsuit? For example, a guest visits your home and they slip and fall on a wet staircase, then sue you for damages. Having insurance will save thousands in court and legal fees.

To help prevent accidents, make sure safety is always a priority before you have guests at your home. If you have a pool or trampoline, ensure that kids are never unattended. Also, keep walkways and staircases clear of debris. You can learn more about hosting safety tips on our blog here.

Theft and Loss

Damage and loss unfortunately happen, but there are a number of ways you can reduce your risk. 

First, even having a security sign in your yard can deter potential intruders. Keep walkways and doorways well lit at night so there are few hiding places and make sure to lock all doors and windows. Having an alarm system can always help protect your home and valuables when you’re in the house or away. To learn more about how to protect your home while you’re away on vacation, read our blog.

We hope these tips help you protect your family and your home. If you have more questions, we work with over 500 independent agents who are ready to help. Visit our website to find a local agent near you: bit.ly/QuincyFindAgent

In the United States, there are an estimated 6 million car accidents each year. This means there are 6 million times drivers are at risk for being in an emergency situation that could leave them stranded or in need of medical attention. Of those accidents, nearly 391,000 people are injured annually as a result of distracted driving. These accidents could be avoided if drivers follow state and national guidelines.  With this number on the rise, are you prepared in the event of an accident?

Planning ahead can help you remain calm in the event of an accident or if you find yourself having car trouble on the side of the road. If you have a car emergency kit, you’re a step ahead and might just be able to prevent any further complications or injuries. 

Why you need a car emergency it?

An accident can happen at any time or your car can break down, leaving you stranded on the side of the road for extended periods of time. If you have an emergency kit, you can help protect yourself and your loved ones while you wait for emergency responders to assist you. Having even a few of these essentials on hand can help you have peace of mind should the unexpected happen.

What to include

In addition to emergency essentials like jumper cables and a basic car toolkit, there are a few items you should keep in your car at all times. Not sure where to start? Here are some of the key items you should include. 

• First aid kit — this should have the basics for medical emergencies including but not limited to backup medications, bandages and gauze, splints, sterile pads, and gloves.
• Portable charger — if your car battery dies, this will help you keep your cellphone working as long as possible to call for help.
• Bottled water — you should keep several bottles in your car whenever you travel far distances.
• Cash — if you’re traveling a far distance, you should always have cash on hand in the event of an emergency. 
• Blankets — if you break down or experience an accident in cold weather, a blanket will help keep you and your passengers warm to prevent hypothermia.
• Flashlight — this should be one that you can manually charge should the batteries run out.
• Non-perishable snacks — some of the best items to keep in your emergency kit for nourishment are granola bars and nuts.
• Reflectors — emergency hazard triangles to place near the rear of your car to alert oncoming traffic of your disabled vehicle.
• Map — if you get lost, a map can help guide you to safer roads if you should lose cell phone service.
• Windshield wiper fluid and ice scrapers — if you get caught in a storm without these items, you won’t have visibility should you find a way to drive to safety.
• Shovel — in the winter, a shovel is essential to help you dig yourself out if you’re trapped in a snowbank or out of the mud in the warmer months.

We hope these tips help you stay safe on the road should the unexpected happen. If you have any related questions, please visit our website to find a local agent near you: https://www.quincymutual.com/find-agent.htm 

 

 

When life changes, so should your insurance. In addition to your annual renewal, there are several events that might require an amendment to your current policy. Making a major purchase, expanding your family, and even completing some DIY projects around your home are all important moments where your current coverage may not be enough. An insurance review can provide peace of mind in knowing that your family and your assets are protected should the unexpected happen. 

No matter where life takes you, here are six essential times we recommend you review your policy in addition to your annual review. 

 

• A change in your career or lifestyle. Are you traveling more or less for work or leisure? Did you have a significant change in your income or retire? These are key moments when you should review your policy and make sure your coverage is aligned with your new lifestyle. 

• Life-changing family events. Marriage, divorce, a new baby, adoption, loss of a loved one, and sending a child off to college are common life moments where you may forget to check your insurance policy. Even bringing aging parents into your household can require updated coverage. Don’t wait until your annual review if you experience any of these throughout the year. 

• Additions to your home. If you’ve added a pool to your backyard, completed a renovation on your home, or even finished a DIY project around the house, you should make sure your current home insurance policy is enough to cover it. Depending on the project, you may even need additional liability coverage if there is an increased risk of injury.

• A new pet. Bringing a new pet into the family is common for many households — especially over the past year. If you do bring a four-legged friend home, make sure to review your policy and ensure you’re covered. 

• New drivers in the family or new uses of your vehicles. For those with a new driver in the house, you will need to add them to your policy. Similarly, if you’re using your vehicle to be a delivery driver or for another new service, make sure you connect with your local agent and update your policy to reflect these changes.

• Starting a new business. From selling crafts online to offering consulting services out of your home, and everything in between, you need to review your policy. Your standard home insurance policy likely does not cover any loss related to business, so you’ll need to adjust your coverage should you start one. 

 

In addition to these common life changes, there are a number of times you might want to check in with your insurance agent to review your policy. For example, installing a new security system, a rise in the threat of natural disasters in your area, and even adding a trampoline to your yard may all have an effect on your coverage. To be on the safe side, we recommend you check in with your agent throughout the year to make sure you’re protected through all of life’s changes. 

We’re proud to partner with more than 500 local, independent agents who are dedicated to helping you find a policy tailored to your needs and happy to help you review your policy. Visit our website to find one today. https://www.quincymutual.com/find-agent.htm

 

At Quincy Mutual Group, we believe “to insure is human”, and when you need an insurance policy, you’re really seeking protection for what matters most. Whether it’s for a business you’ve built from the ground up, a house that you’ve made a home, or even a valuable piece of art that has been passed down through generations of your family, we understand how important these policies can be. 

Today, there are endless coverage options available at your fingertips. Though it may be tempting to sign up for an insurance policy online, there are a number of disadvantages to this approach over working with a local, independent insurance agent. If you’re shopping around for a new policy or just want to explore your options, here are just a few of the reasons to consider insuring with a local agent. 

Personalized service

You’re not just a number to an independent insurance agent. They take the time to get to know you and your needs to help you find the best coverage. Over time, they’ll become more familiar with you, your family, your business, and can anticipate changes you may need to make to your policy and can update you on new opportunities for coverage or reduced rates. Lee Gaudette of Gaudette Insurance, one of our independent agent partners, says it best, “The main advantage of working with an independent insurance agency is that your agent is on your side. The agent’s first allegiance is to your interests. In every other method of buying insurance, such as going direct, every person you interact with owes their first allegiance to the insurance company.  In addition, independent agents represent multiple insurance carriers and are best able to match your particular needs to the products of different insurers which results in the best combination of coverage and cost.”

Choice of insurers

As Lee Gaudette quoted above, working with multiple carriers is a tremendous bonus when you work with an independent agent. Your agent can obtain quotes from more than one source, ultimately helping find the best rate available for your needs. Insurance isn’t a one-size-fits-all product and what makes sense for one customer may not be the right fit for another. An independent agent will compare policies and give you unbiased advice on which one is best for you. 

They’re industry experts

One of the biggest advantages of working with a local independent agent is that they’re licensed experts in insurance. Not only do many of these agencies have a longstanding history, but they are legally obligated to act in your best interest. Insurance can be a complex topic, especially when it comes to understanding all the terms, and your agent will be able to explain your coverage in a way that makes sense to you. They have made a career out of assessing risk and finding appropriate policies to manage it — let them be the ones to help you protect yourself and your business. 

Claims assistance

If you need to file an insurance claim, you’re probably already having a bad day, but an independent agent can help alleviate some of the stress after a loss or an accident. You can report it immediately to your agent who will then notify the insurer. They will personally walk you through the claims process and advocate for you should you need support. They’re familiar with you and with the claims process, so the customer service you receive from a local agent is far superior to any support you would receive online. On customer service, Gregory Fitzgerald of one of our agent partners, Lore Insurance, says, “while Lore Insurance focuses on our client’s insurance needs, we are dedicated to offering excellent customer service from claims assistance to offering multiple insurance premium financing options to fit each client’s needs.”

They’re local

When you call your local agent and they say they’re right down the road, they mean it. They live and work in the same geographic area as you. If there’s a snowstorm coming or water main break near your home, they’ll know and are able to better assist you in the event you need to file a claim or have questions about your coverage.  Additionally, they can help you identify risks that might affect the type of policy you need, for example, if your home is located in a flood zone. 

They’re with you for all life’s changes

Even when your insurance changes, your agent doesn’t have to. Because they work with a number of carriers, you don’t need to worry about finding a new agency when your coverage needs change. For example, if you already have auto insurance with your local agent and you buy a home, the same agent can help you find a home owner’s policy. You can carry the relationship you’ve already built with them throughout your life. 

We’re proud to partner with more than 500 local, independent agents who are dedicated to helping you find a policy tailored to your needs and happy to help you review your policy. Visit our website to find one today. *will hyperlink: https://www.quincymutual.com/find-agent.htm

 

Many insurance policies renew in the New Year, making it the perfect time to sit down and review your policy with your local agent. Most individuals allow their policy to renew year over year without checking to make sure their current plan appropriately covers any changes they’ve recently had. This January, set aside some time to review your policy with an expert — your independent agent. They’ll be able to help guide you to the right policy and may even be able to find some areas to save you money. 

At Quincy Mutual, we know the unexpected happens and we want you and your family to feel protected all year long and confident in your insurance policy. Before you sit down to review your plan, here are a few questions you may want to consider discussing with your agent: 

1. What are your deductibles and is it an option for you to change them and adjust your premium?
2. Did you have a life change recently? Getting married, having a baby, buying a home, or getting a new job may have created a lifestyle change for you. Do these changes affect your coverage needs or the possibility for you to bundle your policies?
3. Does your auto insurance reflect the correct information such as safety features and miles on your vehicle?
4. Have you moved into a newly rented apartment and now require a renters policy?
5. If you’ve made a high-value purchase, does your homeowners policy cover the cost of damage or loss? A good way to make sure you have adequate coverage is to conduct an annual home inventory. You can learn more about how to do that in our blog: Tips to Create a Home Inventory. 
6. In 2020, we all worked out of our homes much more, did you start a business or create a DIY home-work space that needs insurance?
7. Some safety features, such as an alarm system, can earn you deductibles. Check with your agent to see if you have one that might qualify. 
8. What other discounts might you qualify for?
9. What type of liability coverage do you have and is it enough to protect you if someone files a lawsuit against you? You may want to explore your options for umbrella insurance if you are at higher risk for a lawsuit. 
10. Are you driving your car far less these days? If so, you may be eligible for a discount or may want to consider a higher deductible to lower your premium. 
11. Do you have different insurance policies with different insurance companies? Bundling your insurance policies with one company may result in additional discounts. Explore the options with each to see where you can get the best coverage option. 
12. Some insurance companies offer credits if you live close to a fire station, have an alarm system, or take driver safety training — check to see if yours does. 

If reviewing your insurance policy isn’t already at the top of your list of things to get done in the New Year, it should be. Not only will you have peace of mind knowing you’re fully covered, but you may also end up spending hundreds or even thousands of dollars in the long run in the event of a loss. Asking the right questions is the first step in making sure your policy is the best fit for your needs. 

At Quincy Mutual, we partner with over 500 local agents who are happy to help you review your policy. Visit our website to find one today.

These days, you and your family are probably spending much of your time at home, so making it a safe environment for everyone should be a top priority. In the winter months, a number of hazards can creep up without warning, leading to financial burdens and may even pose a danger to your health and wellbeing. 

Fortunately, there are some quick fixes you can do and a few maintenance check-ins to help reduce your risk of experiencing a problem in the coming months. Here are some common winter hazards and how to avoid them.

Falls

Inside and outside your home, falls can lead to a hospital visit and/or expensive legal fees if you’re hit with a lawsuit. Wet surfaces, uneven staircases, and items left on the floor can all lead to a broken bone or head injury. To help reduce your risk, make sure to do the following:

• Secure staircases — This includes installing solid handrails, fixing loose boards, having adequate lighting at night, and keeping salt or sand on hand in the event of snowstorms. If you have small children, you should also have safety gates at the top and bottom of the stairs. 
• Keep hallways and walkways clean — Always clean up toys and items left on the floor in the way of foot traffic. In the winter, be especially careful to shovel walkways and salt any icy patches. 
• Cover surfaces prone to pooling water  — If you frequently track water inside from your shoes, make sure to have a mat in front of the door to avoid slipping. 

Fires

According to the National Fire Protection Association, there are an average of 379,600 residential fires in the United States per year. Many of these fires could have been prevented through safe practices and preparedness. Take these steps to help reduce your risk of loss or injury from a fire:

• Install fire alarms on all levels of your home.
• Keep a fire extinguisher handy in your kitchen and any room with a fireplace. 
• Blow out all candles before you leave the room or go to sleep.
• Unplug appliances you’re not using. 
• Turn off holiday lights before leaving the house or going to sleep. 
• Have your fireplace cleaned before using it for the winter and only run it if you’re in the room.
• Keep space heaters away from flammable objects and never leave them running unattended. 

Along the same lines as fire prevention, you should also be mindful of carbon monoxide risks in the winter. Even low exposure can result in headaches and dizziness. It’s virtually undetectable by sight or smell so having a working carbon monoxide detector is your best solution to keeping your family safe. 

Frozen Pipes

Frozen pipes are one of the most common problems homeowners face in the winter and can also be one of the most costly. Before the frigid temps hit, be sure to:

• Drain and remove outdoor hoses.
• Insulate areas in direct contact with attics, basements, and crawl spaces.
• Identify areas of your home that have exposed water pipes. 
• Make sure your thermostat doesn’t dip below 55 degrees Fahrenheit.
• Have someone look in on your house if you’re going to be gone for an extended period of time. 

You can learn more about how to prevent and treat frozen pipes here.

Ice Dams

Not only is ice a hazard on your walkways, it also puts you at risk for ice dams. These will damage the interior of your home and cause major water damage in your attic and on your ceilings. A few things you can do to help reduce your risk is to make sure your gutters are cleaned before the first snowfall and install roof heating cables if your home is prone to ice dams. 

We hope these tips help keep your family and your home safe all winter long. To review your current insurance policy or speak to an agent about your options for extended coverage, please visit our website. https://www.quincymutual.com/find-agent.htm 

This month, we’re pleased to introduce you to our newest #AgentSpotlight, Bright Insurance Agency, who have been providing industry expertise and peace of mind to you and your neighbors for over 85 years.

The Milford-based agency was founded in 1931 by Karl Bright and today, is a team of over twenty-five trained insurance professionals who pride themselves on offering personalized coverage options while being mindful of your budget and your specific needs. In 2013 under Agency President Steve Ellis, Bright Insurance acquired Jensen Sheehan Insurance Agency in Holliston. Because both agencies have a long history and reputations of being active in their communities they have each maintained their original names and consider themselves to be sister agencies. 

What sets Bright Insurance apart from other agencies is their focus on the individual clients. Their agents take a personal approach to customer service and many have been there for 10+ years, building long-standing relationships with their insureds. Each customer is assigned to a particular customer service representative so that they receive personal service with someone who, over time, will become familiar with your account and your individual needs.

In addition to the personal care they receive and the knowledgeable staff, customers stay with Bright Insurance because of the convenience of registry services for their clients, an in-house claims representative, and their Saturday winter hours. On this commitment to personal touch, President Steve Ellis says, “we understand that being a local agent isn’t about writing insurance policies. It’s about knowing your neighbor and being there. Obviously, there are a lot of choices out there today but we pride ourselves on our customer service and that’s how we stand out. We build relationships with our customers.”

Bright Insurance is very active in the community and prides themselves on not only living in but supporting the communities in which their insureds reside. President Steve Ellis previously served on the Board of Trustees for the Milford Regional Hospital and is still active in many hospital fundraisers. Alongside Vice President Krishna Swanson, Steve is also a member of the Milford Rotary. Joe Soares is President of the non-profit Celebrate Milford which runs a large annual event. Also, Greg Ross is the President of the local BNI Granite Network and Sandra Biagetti is the Chairman of the Executive Board of the Chamber of Commerce and is on the Hopedale Zoning board of appeals. 

Sister agency, Jensen Sheehan is active in the Holliston community as well, participating in the annual Celebrate Holliston events and supporting the local Holliston Newcomers group on many of their events throughout the years. Both agencies make it a priority to be a familiar face around the community and in short, are “your hometown agency.” We’re proud to partner with agencies like Bright Insurance who are committed to supporting the communities in which they serve. You can learn more about their history and their coverage options on their website. 

This year, online holiday shopping is expected to be at an all-time high as a result of the ongoing COVID-19 pandemic and efforts to continue social distancing. What is traditionally a highly anticipated day for holiday deals, many retailers will even be closed for the Thanksgiving holiday and Black Friday to help limit large gatherings and to encourage online shopping. With the influx of digital shoppers also comes the increased risk of cyber scams and crimes. 

If you plan to join 66% of U.S. shoppers and make your purchases online this year, use these tips to help protect you and your information online this holiday season.

Never give out your personal information

This is the number one rule of cybersecurity yet more and more people are falling victim to identity theft each year. One of the common scams is a phone call or an email from someone requesting your credit card number or other personal information to complete a purchase or to help a loved one. For example, someone calls you and tells you that you’re the beneficiary of a large sum of money from a long lost relative and you just need to send them your bank information. These types of calls are on the rise this time of year and can wreak havoc on your financial assets should they hack into your accounts. 

Unless it is a trusted source and someone you’re familiar with, never give your personal information out over the phone or email or to an unsecured website. If you’re ever hesitant whether it’s a scam or not, you can call your local police department to report it or contact your bank to freeze your finances.

Check your statements

In general, you should be checking your bank statements frequently for fraud. This time of year, you should be especially mindful of your transactions and monitor them in the days following your purchase. A few key things to look out for:

• Make sure the name of the business you purchased from is correct.
• Double-check the total amount you were charged.
• Keep an eye out for any follow-up charges from an unknown source. 
• Immediately report any fraudulent charges to your bank.

Shop directly through the business

Today, there are a number of third-party phone apps and websites that allow you to make purchases through sources other than the retailer itself that offer deals and discounts that seem too good to be true — and they probably are. To ensure you protect your information, it’s best to go straight to the retailer website to make your purchases or contact the retailer to make sure their affiliation is real.

Avoid public Wi-Fi

If you’re out and about, it might be tempting to hop on your phone and make a purchase while it’s on your mind. However, using public Wi-Fi opens you up to a number of scams and hacks. Your best bet is to make a note about what you want to buy and then make the purchase when you’re connected to a secured network. 

Never autosave your information

One of the best perks of online and mobile shopping today is that you may just need to click one button to make a purchase. As convenient as this is, it’s also really dangerous for your finances and makes you vulnerable to an attack. You should never save your bank information or personal information when checking out on an online retailer. It might be an extra step to add it in each time, but you’ll be glad you did if someone ever tries to steal your identity. 

Update your software

Computer and mobile devices are constantly updating their internal software to help protect you. As technology evolves, so do cybercriminals and they’re always finding new ways to hack into your network. As tempting as it may be to click “remind me later” when asked about completing a software update, you should really try to stay up to date with these, especially if online shopping frequently.

Double-check the URL

Hackers have become fairly smart and developed websites to look almost exactly like the ones you’re used to seeing if you frequent a particular retailer’s website. Before you make a purchase, double-check the URL to make sure it has the lock icon and has the “s” after http, which means secure. 

Additionally, you should consider only shopping from familiar sites this year. With crimes on the rise, you’ll be more likely to recognize fraud if you’re browsing a site you have visited many times before. 

Stay up to date on current scams

New scams come up every day so it can be challenging to keep up with them all. If you get a suspicious email, phone call, or are unsure if a website is safe, a quick internet search can help you identify others who may have experienced a similar scam. Additionally, you can call your local police department to report suspicious activity or to see if others have reported similar cyberattack attempts. 

We hope these tips help you stay safe throughout the holiday season. To review your current insurance policy or speak to an agent about your options for extended coverage, please visit our website. https://www.quincymutual.com/find-agent.htm 

If you’re a business owner, you know how much work goes into building your brand from the ground up. 

After all the long hours and hard work you’ve put in, the last thing you want is to lose it all in an instant. To help protect your business and yourself, there are a number of different types of insurance you should consider obtaining. Your needs will depend on what type of business you’ve developed and we’re here to help you explore your options and find the right coverage for your needs. 

Business Owner’s Policy (BOP)

The most common type of commercial insurance is a business owner’s policy (BOP). This type of coverage combines property and liability insurance into one policy to help protect you financially from claims relating to fire, theft, or other unexpected disasters. A BOP can also protect you from claims resulting from bodily injury or property damage.

Since each business has unique needs, BOPs can usually be customized to fit your risks. Your local insurance agent can work with you to help you determine your needs and help you take the first step in obtaining this coverage.

If you’re not sure you need a business owner’s policy, here are a few circumstances that would require coverage:

• You have a physical location for your business.
• There is a possibility of getting sued by a customer — for example, a patron slips and falls on your property.
• You have assets that could be lost, stolen, or damaged. This pertains to digital assets and physical. 

Commercial Auto Insurance

Did you know that your personal auto policy does not cover you if you’re using your vehicle for work? For example, if you’re making deliveries in your personal vehicle and get in a car accident with another driver, you may not be protected from the medical or damage expenses. 

If you’re using your vehicle for business purposes, you definitely want to explore your options for a commercial auto policy. This will provide you with comprehensive coverage for private passenger vehicles and light to medium trucks and trailers with service, retail or commercial uses. Full coverage is available for your vehicle and coverage limits of up to $1,000,000 are available for liability.

Employment Practices Liability Insurance (EPLI)

This type of insurance provides financial protection from a variety of employment lawsuits and complaints, from discrimination and retaliation to sexual harassment. It can also protect you from administrative actions filed for wrongful discharge, defamation, and invasion of privacy.

Cyber Insurance

On average, 43% of all cyberattacks target small businesses. If you don’t have a cyber insurance policy, you’re at risk of losing your business in the event that you experience an attack. There are many different types of coverage and services you can obtain when it comes to a cyber policy, but in general, it will protect you from damages caused by electronic threats to your computer system and data. Here are a few instances that you’ll be protected from with this type of policy:

• Someone hacks into your system and steals customer data such as social security numbers, medical records, or credit card information.
• Costs related to recovering data after a loss.
• Legal fees and settlements related to a breach of data.
• Coverage costs related to an investigation after an attack.

Other Types of Coverage to Consider

You may not need all of these types of coverage, but to help you protect the business you’ve built, here are a few to consider:

Coverages	What’s Covered
Property insurance	This protects your business and its physical assets and any repairs related to theft, damage, fire, or loss.
Product liability insurance	Coverage on claims related to product defects. If you sell an item that results in injury or property damage, this will protect you financially from any liable responsibility.
Business interruption insurance	This will compensate you for income loss due to physical damage to a property from a natural disaster or accidents resulting in a suspension to normal operations.
Home-based businesses	If you’ve started your business from home or now operate out of your home, your homeowners’ policy doesn’t cover any costs related to your business. This helps you in the event of loss or damage to your data or inventory.

How to Obtain a Commercial Insurance Policy

Now that you’ve worked so hard to build your business, let us help you protect it. To make sure you have everything you need to protect you and your business financially, speak with a local agent who can help you understand all your coverage options. Visit our website to find an agent near you. 

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If you’ve never purchased your own insurance policy before, the process of understanding and exploring your coverage options may be overwhelming. In addition to all the technical jargon used by insurance agents, there are a number of factors that play a role in determining which plan you should consider. From home to auto insurance and everything in between, we’ve created a guide to help you understand your options and to ensure you have protection when you need it most.

What is insurance?

In short, insurance is financial protection from the unexpected. When you purchase an insurance policy, you are entering a written contract between yourself and the insurer for a period of time and agreeing to pay a premium for your coverage. Typically, your premium will be based on the amount of risk your insurer perceives you to be. For example, a driver with a number of citations to their name is a higher risk than an individual with a clean driving record. 

Who needs insurance?

Insurance coverage needs vary by individual and in most states, auto insurance is the only type of policy you are required to have if you are a licensed driver. However, whenever you have something of value that you’d like to have financial protection from in the event of a loss, you will need insurance. 

Auto Insurance 101

If you’re a licensed driver, you need auto insurance. From bodily injury to property damage, this type of coverage is essential and can help protect you from many types of unexpected events. Here are just a few examples of risks you may encounter as a driver that would be covered by an auto insurance policy:

• You cause a minor collision with minimal damage but an individual in the other car is experiencing neck pain.
• An uninsured driver hits your car in a parking lot.
• A tree falls on your car during a storm.

Depending on your needs, there are several different options available to you for auto insurance and many insurance carriers offer optional endorsements such as auto lease coverage.

Protecting your home: homeowners vs. renters insurance

Whether you’re a renter or have purchased your own home, where you live is a major financial investment. As such, you’ll want to be sure you’re protected from unpredictable events like water damage, theft, fires, storm damage, and lawsuits from individuals who were injured on your property. 

• Homeowners insurance — this essential coverage protects your home itself and any attached structures such as a deck or a garage, as well as any detached structures at your residence. Your belongings will also be covered up to a certain amount and it’s best to conduct a home inventory once in a while to ensure you have the appropriate amount of coverage for your valuables. Additionally, a homeowners policy covers you should you be found negligent in causing bodily injury or property damage to another party.
• Renters insurance — if you don’t own your home and are renting an apartment or house, we highly suggest you consider this optional coverage. While your landlord will be responsible for any structural damage to the property from storms or natural causes, this will protect your personal property and personal liability while you live at the residence. For example, if you experience a loss due to theft or a fire caused by a neglected candle. Also, if an individual falls and breaks a bone while on your property, you’ll be covered for any legal damages that may arise as a result of the incident.

Umbrella insurance

If you’d like to have a little extra peace of mind, consider umbrella insurance. This policy endorsement will provide you and your family with additional liability protection over the underlying coverage provided by auto, homeowners, or boat insurance. Though no one anticipates facing a multi-million dollar lawsuit, the unexpected can happen and if it does, you’ll be glad you’re prepared. You can learn more about umbrella insurance policies here.

Coverages to consider

Aside from the essential coverages for your home and car, there are several other types of insurance policies you may want to consider. 

• Boat and watercraft insurance — your homeowners policy offers limited coverage for these types of possessions. There are endorsements you can add to an existing policy for boats of a certain size, but it’s best to consult with your insurance agent to make sure you’re properly covered.
• Rental property insurance — any property that you do not primarily use as your permanent residence may not qualify for a homeowners policy. Though similar to a homeowners policy, this coverage applies solely to the rental property and is not owner-occupied. Learn more about protecting rental properties here.
• Cybersecurity insurance — the convenience of a technology-driven world doesn’t come without risks. Should you find yourself the victim of identity theft or a cybersecurity hack, you’ll be thankful you took precautions to protect yourself. At Quincy Mutual, we offer several free services to help you prevent and detect identity theft and fraud.

How to obtain an insurance policy

There are endless options when it comes to obtaining insurance coverage. We work with over 500 independent agents who are ready to help you as you explore your options and understand your coverage. When you work with a local agent, you can rest assured knowing that you’re speaking with an individual who can offer hands-on assistance whenever you need it. They will work with you to create personalized coverage unique to your needs and support you through the claims process. Find a local agent near you on our website.