gilbert

Various Uses for Umbrella Insurance

Posted on by admin

Umbrella insurance is a useful policy to have for a wide range of reasons. This includes both commercial and personal purposes. However, many may not be aware of umbrella insurance, let alone know exactly what it can help them achieve. We walk you through the myriad uses for umbrella insurance and how they can help you. If you need help shopping around for umbrella insurance, you’re not alone! You can always reach out to our team at Alliance Insurance Partners, serving Gilbert, AZ, to simplify the shopping process and get the insurance you need faster. 

Various Uses for Umbrella Insurance

What can umbrella insurance help you achieve? Here are some of the many uses of umbrella insurance: 

  • Protecting You From High Liability Costs: Certain types of insurance, like auto insurance and home insurance, do offer coverage if you’re in an accident or if someone slips and falls on your property. But what’s important to remember is that there are limits to this coverage. If you find yourself faced with costs that exceed what your insurance is willing to pay out, you will have to pay what’s left over. Umbrella insurance gives you that extra coverage so that you pay less (or nothing) out of pocket. 
  • Applying to Commercial Endeavors: Umbrella insurance does offer commercial forms. If you plan on starting a business, you can invest in commercial umbrella insurance to further protect your business and ensure that one accident doesn’t completely ruin your business endeavors. 
  • Extending to Libel and Slander: One unique aspect of umbrella insurance is that it can cover things that your other insurance policies might not. For example, umbrella insurance can cover costs related to libel and slander suits, giving you additional coverage in scenarios you might not typically be covered for. 

Invest in Your Future With Umbrella Insurance

Umbrella insurance acts as extra protection to support existing insurance policies, and Alliance Insurance Partners, serving Gilbert, AZ, acts as your guide in finding the umbrella insurance you need. Compare quotes with us now!

How Do You Know If Your Home Needs Flood Insurance?

Posted on by admin

Protecting your home from losses you cannot control and eliminate is a big part of home ownership, and that’s why you need homeowners insurance. Insurance policies can help you do that by eliminating a lot of concerns and frustrations. However, it is critical to know that most home insurance policies do not cover floods, and if you live in a high-risk area, you need flood insurance to minimize your losses.

At Alliance Insurance Partners, we work with people in a variety of different areas in and around Gilbert, AZ, to make sure they have flood insurance when there is a risk to their property.

How To Know if You Need Flood Insurance

Most property owners can find out if they should have flood insurance by checking the FEMA Flood Map Service Center. This online tool allows you to enter your address to see if you are in a high-risk flood zone.

If you are in an area of high flood risk, having insurance protection will minimize the risk of dealing with costly losses in the event of a covered peril.

If you are in an area with lower risk, including in low- to moderate-risk areas, it is still a good idea to consider the value of flood insurance. It will provide the financial support you need if a difficult event that puts you at risk, and a lot of flooding takes place outside designated high-risk areas.

Need Help? We Can Guide You

If you’re unsure if flood insurance is a valuable investment for you, contact us at Alliance Insurance Partners now. Let us provide you with an estimate of flood insurance costs in or near Gilbert, AZ, based on your location and the risks you face there. We work with those who have various levels of risk.