Author: caro

Colt’s Commentary – June 2023

Posted on by caro

Hey there,

Did you know that in 2022 there were over 1 Million vehicles reported stolen in the USA?! That’s a lot! 

 

One thing not accounted for in that statistic is the number of trailers stolen. Trailers are not counted as motor vehicles because they are attached to another vehicle in order to be transported, but those can get stolen or damaged as well. 

Theft of your trailer can be covered, but only if you let your insurance agent know that you have one. People often forget to list their trailers on their policies, which can lead to issues if the trailer is stolen and there is no coverage for it.

I’m here to answer some questions we’ve gotten about trailers.

  • Do I need to insure my boat trailer?
    • No state requires you to carry insurance for your boat trailer.
    • If your boat trailer is stolen while stored at your home, your homeowners insurance might cover it as personal property
  • What if I have a utility trailer? Do I need to insure that?
    • Again, no state requires you to carry insurance for a trailer.  The towing vehicle’s liability coverage may extend to the trailer.
    • If the utility trailer is stolen or damaged, there most likely would not be any coverage for that, unless it was listed on a policy.  However, if the theft or damage occurs while the trailer is stored at your home, your homeowners insurance policy may cover it.
  • What about my camper?
  • Same

Many people do not insure their trailers because it is not mandatory. It is always best to let your insurance agent know that you have a trailer, and find out what type of policy would cover it for damage and theft.  If your agent doesn’t know you have a trailer, it most likely would not be covered if something happened.

-Colt 

https://www.iii.org/fact-statistic/facts-statistics-auto-theft 

McGovern Agency ~ For all your Insurance Needs!
(586) 464-2400 – Inquiry@themcgovernagency.com 

Copper’s Corner – June 2023

Posted on by caro

Hello,


Isn’t that the truth?! 

With Summer just around the corner it’s easy to focus on the big trips and beach days, but it’s great to take some time to really enjoy the little things like taking a nice bike ride on a sunny day (I would if I could reach the pedals). 

Get out there and make a big deal about the little moments!


~Copper

McGovern Agency ~ For all your Insurance Needs!
(586) 464-2400 – Inquiry@themcgovernagency.com 

Colt’s Commentary – May 2023

Posted on by caro

Hey there,

Lots of people these days do much of their shopping online, thus getting many packages delivered to their house. 

Now, what were to happen if while that nice delivery person was dropping off your new living room rug or festive sign, your dog were to get out and bite them?

Now, now, we know most dogs are friendly and would never, but in the unfortunate event your dog got anxious and bit the delivery person, how would that be covered?

Even the cute tiny dogs can feel intimidated and bite a stranger. 

Would the liability on your homeowners insurance be enough to cover potentially expensive medical bills and legal fees for the delivery person?

Your homeowners insurance should cover the claim to an extent, (depending on dog breed/ bite history/ insurance carrier) but a good way to make sure that you’re covered in case your homeowners liability isn’t enough is to get an umbrella policy. 

Just something to keep in mind next time you click “add to cart”.

-Colt 

https://www.zippia.com/advice/amazon-statistics/#:~:text=As%20of%202022%2C%20there%20are,members%20(148.6%20million%20people)

McGovern Agency ~ For all your Insurance Needs!
(586) 464-2400 – Inquiry@themcgovernagency.com 

Colt’s Commentary April 2023 – Water Backup Coverage

Posted on by caro

Hey there,

We have all heard the phrase, “April showers bring May flowers.” This has gotten me thinking about water damage, and more importantly, how it is covered under insurance.

There are a few different types of coverage for incidents of water getting into the house, but today we are going to focus on water backup coverage.

Water backup coverage protects against damage to your home or personal property because of water that backups through sewers, drains, and discharges or overflows from a sump, sump pump, or related equipment. This is usually not automatically included in your homeowners policy, but is an option that you can add.

A few ways to prevent water backup are:
– Not pouring grease down your drain
– Regularly cleaning out your gutters and downspouts
– Watching what you flush down your toilet (no paper towels, feminine products, etc.)

If you have any other questions about the benefits of water backup coverage or about whether or not it is included on your homeowners policy, give us a call!

-Colt

https://www.hippo.com/learn-center/water-backup-coverage

McGovern Agency ~ For all your Insurance Needs!
(586) 464-2400 – Inquiry@themcgovernagency.com

Colt’s Commentary March 2023 – Medicaid Redetermination

Posted on by caro

Hey there,

In March 2020, the Centers for Medicare and Medicaid Services (CMS) paused Medicaid redeterminations to prevent individuals with Medicaid from losing their health coverage during the pandemic.

Beginning April 1, 2023, states will resume Medicaid redetermination reviews, and as a result, many Medicaid recipients may lose their coverage and will need to transition to other coverage such as employer plans or the Health Insurance Marketplace.

This also impacts their auto insurance if they have selected the PIP Medical Coverage Option 5 with a limit of $50,000.  This option is only available to individuals with Medicaid coverage.  

If you lose your Medicaid eligibility, make sure to update your auto insurance PIP Medical Coverage!

-Colt 

McGovern Agency ~ For all your Insurance Needs!
(586) 464-2400 – Inquiry@themcgovernagency.com