Is it time to add an umbrella policy to the insurance protecting your business?

Kingston Insurance Agency LLC is here for business owners in South Kingstown, RI and the surrounding areas. If you are looking to boost your liability protection, contact our office today to learn more about the umbrella policy options currently available.

Umbrella insurance can help protect your local business

When it comes to protecting a local business, liability coverage is important. As a business grows and becomes more established, its liability risk and exposure often increase. A primary commercial policy will only provide a certain level of protection. And, once that policy is exhausted the umbrella policy will come into play to protect your company’s assets. 

And, depending on how the company is structured, the owners could potentially be held personally liable for any damages that exceed the amount of coverage provided by the primary policy. This is why having an umbrella policy in place is so important. Having this protection in place is an effective way to ensure that your company has the coverage it needs.

Now is a good time to take a closer look at an umbrella insurance policy for your local business. Our team is here to help you determine which policy can meet your business’s unique needs. Adding this insurance type to your commercial insurance portfolio is an effective way to make sure that your business and its owners are protected from liability risk.

Contact our office today

If you own or operate a business in the South Kingstown, RI area, you can depend on the Kingston Insurance Agency LLC team for all of your insurance needs. Contact us today to set up an appointment to learn more about how an umbrella insurance policy can help protect your business. 

How Does Umbrella Insurance Work?

If you’re like most people, you probably have some form of insurance to protect your home, car, and health. But what about protecting your assets? That’s where umbrella insurance comes in. Kingston Insurance Agency LLC South Kingstown, RI is here to explain how this policy works and why you may need it.

What Is Umbrella Insurance?

An umbrella policy is an insurance policy that acts as a safety net, providing liability coverage over and above the limits of your other policies. It kicks in when you’ve reached the limit on those other policies and can help provide financial protection in the event that you’re sued for damages. 

For example, let’s say you’re involved in a car accident that wasn’t your fault, and the other driver sues you for $500,000. If you have a $300,000 limit on your auto insurance policy, the umbrella policy would kick in to cover the remaining $200,000. Umbrella insurance can also provide coverage for claims that may not be covered by your other policies, such as libel or slander. 

How Much Umbrella Insurance Do You Need?

The amount of coverage you need will depend on several factors, such as the assets you own, the amount of liability coverage you already have, and your risk tolerance. 

As a general rule of thumb, experts recommend carrying umbrella insurance equal to at least 1-2 times your net worth. So if you have a net worth of $500,000, you should carry $1 million to $2 million in umbrella coverage. 

Of course, this is just a general guideline. You may need more (or less) depending on your unique circumstances. A good place to start is by looking at the limits on your homeowners and auto insurance policies and determining whether those limits are adequate to protect your assets. If not, then umbrella insurance is probably a good idea. 

In most cases, umbrella insurance policies start at $1 million in coverage but can go up to $5 million or more. The cost of an umbrella policy will depend on the amount of coverage you purchase as well as factors like your age, gender, credit score, driving record, and claims history. 

Get Umbrella Insurance Today

Umbrella insurance can go a long way in helping you. Now that you know how it works, contact Kingston Insurance Agency LLC in South Kingstown, RI for a quote or consultation.

3 Ways Flood Insurance Helps Protect You

Anywhere it can rain, it can potentially flood. Even if you’re not in a high-risk area for flooding, it may be worth looking into a flood insurance policy. At Kingston Insurance Agency LLC, serving the South Kingstown, RI area, we believe in being prepared. Flood insurance is a great way to help mitigate the damage and ease your financial burden in the event of a natural disaster.

Here are three ways that flood insurance can help keep you and your family protected:

1) Flood insurance protects the structure of your home

This includes the house and its foundations, heating and air conditioning systems, electrical and plumbing systems, paneling, cabinets, attached bookcases, and even a detached garage, should you have one. This coverage helps ease the financial burden placed on homeowners to rebuild and assess any structural damage done to their homes in a flood.

2) Flood insurance considers replacement costs

Replacement cost is what it would take financially to rebuild a home in today’s dollars. Flood insurance takes this into consideration for a primary residence when assessing how much to pay, leaving you a good chance of getting close to if not all you need to help you through the period after the flood.

3) Flood insurance also has personal contents coverage

This covers personal effects such as clothing, electronics, furniture, freezers and the food in them, and even art (up to a specified limit).

Give Us A Call

Contact us today at Kingston Insurance Agency LLC. We’re proud to serve the South Kingstown, RI area and believe that insurance shouldn’t be intimidating. Give us a call or stop in today and we’ll get you set up with a flood insurance policy that’s right for you.

What If My Condominium Association Has Insurance?

What if your condominium association has insurance? If your condo is damaged, will the association’s insurance policy cover it? Here we dive into what to do if your condominium association has insurance.

What Do Condominium Insurance Policies Cover?

As a general rule, most condo associations have insurance that covers the common areas of the property. These include the lobby, hallways, and recreational facilities. This type of insurance is known as property insurance.

It usually does not cover the interior of your individual unit, such as your walls, floors, ceilings, or personal belongings. Moreover, property insurance typically has deductibles that the condo association must pay before the insurer will pay out any claims.

What if My Unit Is Damaged?

If your condo unit was damaged and the condo association’s policy does not cover the damage, you may be able to file a claim with your own insurance company.

Most homeowner’s or renter’s insurance policies cover damages to the interior of your dwelling, as well as your personal belongings. However, it’s important to check your policy carefully to see what is covered and what is not. You may also have to pay a deductible before your insurer pays out any claims.

What Can I Do to Protect Myself?

The best way to protect yourself in South Kingstown, RI is to purchase your own insurance policy from Kingston Insurance Agency LLC. Get one that covers your unit, as well as your personal belongings. This way, you’ll be covered no matter what happens.

You should also stay up-to-date on the condo association’s insurance policy. Check to see what’s covered and what is not. Don’t hesitate to ask the association or your insurance agent if you have any questions. Taking these steps will help you protect yourself in the event that your condominium association has insurance.

Give Us A Call

If you are unsure whether or not your condominium association has insurance, contact the association’s board of directors or property manager. They’ll be able to provide you with more information about the insurance coverage that is in place for your condominium complex. If you need condo insurance, contact Kingston Insurance Agency LLC in South Kingstown, RI today.

What Discounts can be Used to Determine Your Auto Insurance Cost?

Discounts on your auto insurance policy may help you have a lower premium cost. Below are some possible discount options that you may qualify for. Consult with your agent at Kingston Insurance Agency LLC in South Kingstown, RI for more information. 

What Discounts Can Be Used To Determine Your Auto Insurance Cost? 

Multiple Vehicle Policy Discounts 

If you have more than one vehicle on an auto insurance policy, you can get a lower rate. 

Driver Education discount

If you take a certified driver training course, you can get a policy discount. 

Student discount

If you or a family member is a student with a B grade point average or better, you can qualify for a policy discount.

Safety Device discount

If your automobile has safety devices that can prevent auto accidents or limit the damage from them, you can get a discount. These types of devices include automatic seat belts, airbags, and anti-lock brakes.

Low Mileage discount

If the distance you drive is lower, the chance that you will be in an auto accident is lower. Fewer miles can mean a lower premium cost, too.

Good Diver discount 

A good driver can get a discount for being in fewer accidents and having fewer problems that could lead to one.

Auto and Home discount

Your insurance company may give you a discount if you get your homeowner’s insurance and your auto insurance policy from them.

Anti-theft Device discount

If you have an anti-theft device installed on your vehicle, you can qualify for a discount. 

Membership discount

If you or a household member have a membership to an organization, this may help you get a discount.

Contact Us Today

Call us today t at Kingston Insurance Agency LLC serving South Kingstown, RI for expert insurance advice.

Protecting Your Business on the Road

Whether you use your personal vehicle or a company car for business purposes, it’s important to have the right insurance in place. If you’re in an accident while driving for work, commercial auto insurance will protect your business from potentially expensive liabilities. Let us explore what commercial auto insurance is, how it differs from personal auto insurance, and when you might need it for your business. For those wondering whether your business needs commercial auto insurance, Kingston Insurance Agency LLC in South Kingstown, RI provides this guide. 

What is commercial auto insurance?

Commercial auto insurance is a type of insurance designed to protect businesses from the financial risks associated with owning and using vehicles for business purposes. This can include cars, trucks, vans, and other types of vehicles. Like other types of business insurance, commercial auto insurance can help protect your business from expensive liabilities that can arise from accidents, property damage, and other losses.

How does it differ from personal auto insurance?

There are a few key ways that commercial auto insurance differs from personal auto insurance. First, commercial auto insurance typically provides more coverage than personal auto insurance. This is because businesses are generally at greater risk for accidents and losses than individuals. Second, commercial auto insurance policies can be customized to meet the specific needs of your business. Finally, commercial auto insurance rates are usually higher than personal auto insurance rates because of the increased risk for businesses.

When do you need commercial auto insurance?

If you use a vehicle for business purposes, you will need commercial auto insurance. This includes if you use your personal vehicle for:

  • Business travel
  • Delivery or transportation of goods
  • Sales or marketing visits
  • Client meetings

Get commercial auto insurance in South Kingstown, RI

If you use a vehicle for business purposes, you will need commercial auto insurance. Kingston Insurance Agency LLC can help you find the right policy for your business. Contact us today to get started.

Home Insurance FAQs

Protecting your home should be high on your list of priorities, but when most people think of protecting their home they think of physically protecting it with security systems. Your home protection should go much deeper than that. At Kingston Insurance Agency LLC, serving South Kingstown RI, we understand that real home protection starts with home insurance. Keep reading to learn more about this important way you can protect your home. 

Home Insurance FAQs

How Does Insurance Protect My Home?

Homeowner’s insurance does not physically protect your home from catastrophe, but what it does is protect your peace of mind. When you have proper home insurance in place, you know that you will always be able to provide a place for your family to call home. Even if your current home is damaged or lost, a solid homeowner’s policy will provide you with the funds to repair or replace your home. 

Is Home Insurance Required By Law?

In some regions, home insurance is required by law, but in most places, it is not. If your home is currently under the mortgage, you may be required by the mortgage company to provide home insurance. This protects the investment the mortgage company has made in the property. 

What Does Home Insurance Cover?

Most policies are very similar, but you can get your homeowner’s policy customized if you need to. In general, a homeowner’s policy will provide coverage in the following areas:

  • Property Damage- If the home is damaged or lost, you will be paid a benefit amount to repair or replace your home. This coverage can also cover the value of personal belongings within the home or on the property. 
  • Liability- If someone is injured at your home, you could be held liable for their medical expenses. Liability coverage will pay for this. 

If you would like to learn more, contact us at Kingston Insurance Agency LLC serving South Kingstown, RI, and the surrounding areas. 

Classic Car Insurance FAQ

Getting car insurance for your classic cars is slightly different from a regular vehicle. At Kingston Insurance Agency LLC, serving South Kingstown, RI, we can help you better understand the difference to ensure your classic cars are protected properly. Keep reading to learn more. 

Do Classic Cars Need Special Auto Insurance?

Yes. A classic car is not valued in the same way that a normal vehicle is. This is because there has been more money invested in classic cars. When classic cars are restored, extra expenses need to be taken into consideration for insurance purposes. Once a classic car has been fully restored, its value is determined based on the improvements that have been made as well as the rarity of the car. 

How Do I Find Classic Car Insurance?

You can sit down with one of our representatives to discuss a classic car insurance policy. Our team is trained to understand how these vehicles are valued. They can collect information concerning your particular car and help you establish an insurance value. 

How Much Coverage Do I Need?

The amount of coverage you should purchase for your vehicle will depend on the individual car, its history, the improvements made to it, and how often the vehicle is actually driven. All of these factors will need to be discussed with an insurance agent. Once all of this information has been collected, a policy amount can be determined. 

How Do I Know I’m Getting A Good Deal?

You can talk with other classic car enthusiasts to help you compare rates. Because this is a highly customized type of insurance, you will need to do some research on your own to fully understand how rates vary from company to company. 

If you would like to learn more, please contact us at Kingston Insurance Agency LLC serving South Kingstown, RI and the surrounding areas. 

Recreation Insurance Defined

Recreation Insurance Defined

When you visit Kingston Insurance Agency LLC serving South Kingstown, RI, for commercial insurance, you might not already know about one of your options – recreation insurance. If you run a business that involves sports, outdoor activities, or any athletic pursuits, you need this vital insurance policy.

Recreation insurance provides liability coverage for these high-risk activity-oriented businesses. A business such as a bungee jumping company would not normally qualify for commercial liability or the business’s high risk would make premiums exorbitant.

For businesses like these, which run the gamut from canoe rental to indoor rock climbing, recreation insurance provides the coverage needed. As our society has turned toward experience-oriented pursuits, other types of businesses have also qualified for this insurance policy. Those include:

  • amusement parks and arcades,
  • performing arts company,
  • spectator sports,
  • agents and managers for artists, athletes, entertainers, and other public figures,
  • promoters of performing arts, sports, and similar events,
  • independent artists, writers, and performers,
  • museum, historic site, or similar institution,
  • gambling industries,
  • other amusement and recreation industries.

For example, a winery might hold a painting and tasting evening where a local artist teaches attendees how to paint a wine bottle and glass picture. In the process, they also taste wines. This requires enhanced liability insurance since it doesn’t meet the business’s typical operations. The recreation policy covers the special event and those in attendance.

In addition to the liability coverage that lets you enjoy the peace of mind that if someone gets injured, the insurance covers their medical costs, your recreation policy also provides property damage, loss of property, and theft insurance. That means if someone damages your business property or damage occurs to their personal property, the recreation insurance covers the loss.

The same coverage applies if a guest has something stolen while attending or steals something from you. Perhaps something incurs damage beyond what can be repaired. Whether it belongs to the business or to an attendee, the recreation insurance covers it.

Contact Kingston Insurance Agency LLC serving South Kingstown, RI for more information on recreation insurance. Let us help you obtain this important policy for your business.

What Makes Insuring My Motorcycle Different From Insuring My Car?

Motorcycles are the ultimate expression of freedom. You can go where you want when you want, and how fast you want. But there’s a catch: they’re also more dangerous than cars! Here’s what makes insuring a motorcycle different from insuring a car.

1. Generally More Expensive to Insure

Motorcycles are more expensive to insure than cars, in most cases. That’s not to say it costs more to own a motorcycle; in fact, they’re generally cheaper to maintain and operate. However, they’re more expensive to insure because they’re more dangerous. Statistics show that motorcycle riders are three times as likely to be injured in a crash than car drivers and 29 times as likely to die.

2. Passenger Insurance Coverage

While a motorcycle will have standard coverage for a single driver, it doesn’t typically come with insurance for a passenger unless you purchase an endorsement. If you plan to drive around with a friend on the back, make sure you know what your policy covers.

3. Personal Injury Protection

Another significant difference between motorcycle and car insurance is that a motorcycle insurance policy generally won’t include Personal Injury Protection (PIP). PIP covers medical expenses for you or a passenger in your car, no matter who was at fault. If you don’t have this coverage, you could be responsible for thousands of dollars if you’re injured in a crash. In Rhode Island, MedPay is similar to PIP. It’s a claim that benefits the insured, not their motorcycle. MedPay can help pay for your medical bills after an accident, regardless of who is at fault.

Get Motorcycle Insurance in South Kingstown, RI

Motorcycle insurance is very different from car insurance, and you need to make sure your policy covers the right things for you before you take out your bike. If you have any questions about motorcycle insurance in South Kingstown, RI, Kingston Insurance Agency LLC is always available to answer your questions and help you find the right policy.