Author Archives: sarah@kkmpr.com

  • 0

Tie The Knot (Then Insure It)

Tags : 

Congratulations! You and your significant other just got married, and now you’re starting your new life together. Before you get caught up in all of the exciting changes to come, there’s something you should consider insuring—the ring around your finger.

Types of Ring Insurance

There are two commonly used ways to insure an engagement ring. The first is through an extension on your renter’s or homeowner’s insurance policy. Your existing homeowner’s policy provides coverage for items in your home, but only up to a certain dollar amount. Purchasing an extension would provide additional coverage against theft.

The second option is to purchase a personal inland marine policy. This policy is separate from your homeowner’s or renter’s insurance policy, and it provides coverage against theft, misplacement, or loss of valuable items, such as your wedding and engagement ring.

Who Needs It?

You do — if you have bought a wedding or engagement ring, you should purchase insurance.

Why You Should Get It?

Purchasing a ring insurance policy not only honors the monetary value of the item, but also what the ring itself represents — protection and security for something you love and cherish. Although the sentimental value cannot be replaced, in the case of loss or theft, insurance can cover the cost of replacement.

Additional Info

  • If you insure the ring through your homeowner’s or renter’s insurance, make sure to update your policy if you move.
  • The yearly cost of insuring a ring is $1-2 for every $100 it would cost to replace it.

Did you find this information useful? Happy with your service from Yetter Insurance Agency Inc.? Consider telling a friend about us or writing a Google review; it’s the highest compliment we can receive!


  • 0

Yes, Even College Students Should Think About Insurance

Tags : 

The first thing most colleges make you aware of when you live in a dorm is that they are not responsible for damages or loss of personal property. This means that all the expensive gear in your dorm is essentially unprotected. With the rising prices of college gear, it’s important to make sure you have the proper insurance.

Between textbooks, a computer, smart phone, tablet, television, mini fridge, a bike, and more, the average college student has thousands of dollars just sitting in their dorm room. According to the National Center for Educational Statistics (NCES), over 13,500 cases of theft are reported every year on college campuses. While security measures can be made, like padlocking your gear, the proper insurance will help you after the fact. Odds are, after spending tens of thousands of dollars on college tuition, a college student won’t have the financial means to replace these items out of pocket.

When wanting to insure your college gear, it may be as easy as adding it to a parent’s homeowner’s insurance. Come on in to Yetter Insurance Agency, and we will sit down with you and look over your current plan. We can help you fill in those spots that you might be missing.

Did you find this information useful? Happy with your service from Yetter Insurance Agency Inc.? Consider telling a friend about us or writing a Google review; it’s the highest compliment we can receive!


  • 0
Family Outing

Don’t Let Summer End In A Bummer

Tags : 

We’re about halfway done with the summer, and it’s going entirely too fast. Hopefully, you’ve had some time to get out on the lake, go camping, and make time to enjoy yourself.

Summer is the time people bring out their boats, all-terrain vehicles (ATVs), and recreational vehicles (RVs). Whether you are required by law to insure your ‘toys,’ or you want to be a little more secure, there are crucial decisions to make when looking for coverage. While they’re not too different from purchasing standard automobile insurance, there are a few variations to consider.

RV Insurance

Just like auto insurance, a minimum of liability coverage is required for RVs in every state. Depending on your insurance plan, you can receive additional coverage for your belongings stored in the RV, RV accessories, such as awnings, satellite dishes, and installed appliances, as well as total loss replacement and uninsured motorists. Of course, the type of RV insurance you will need is based on several things. The state you live in, the class of RV, how far you travel, and the custom features are all factors that play into the best plan for you.

ATV Insurance 

Both Pennsylvania and New York require ATV owners to purchase liability insurance if they wish to drive places other than their own property. ATV riders should still consider purchasing a policy to protect themselves and others. The proper insurance can protect against property damage, medical payments, collision coverage, and comprehensive coverage that pays for damages to an ATV that are non-collision related. This includes theft, vandalism, flooding, earthquakes, fires, and other causes.

Boat Insurance 

When deciding on the proper insurance for your boat, it’s important to be aware of the factors that come in to play. The age of your boat, the length, value, speed/horsepower, condition, and type all have an effect on which policy is right for you. The proper coverage can protect you against minor damages, major damages, and expensive towing costs.

Did you find this information useful? Happy with your service from Yetter Insurance Agency Inc.? Consider telling a friend about us or writing a Google review; it’s the highest compliment we can receive!


  • 0

This Past Storm Season Was Rough, How To Prepare For Next Year

Tags : 

2018 has been a little rough in terms of storms, more so than usual. Areas like Dingmans Ferry, Bushkill and East Stroudsburg had numerous storms where houses and cars were damaged. With warmer days ahead of us, we should look to see how we can prepare for next year’s storm season.

Cut Possibly Damaging Branches Around Your House If you live in a rural area, there are trees everywhere and it’s difficult to avoid them. However, it might be beneficial to walk around your property and cut down any dead branches that might not last in a big storm. This will lower the risk of damage during the next storm.

Inspect Your Roof In a storm, your roof may be one of the first things damaged. Before the storm hits, have it checked out to make sure there isn’t any preexisting damage or leaks. That way when the storm is here, your roof in its best shape.

Protect Your Car – Maybe it’s time to clear out that garage of yours and actually make room for your car. Even in light storms, cars can be hit by branches, hail, and rust from exposure to the elements. A car cover can also help protect your car from debris and shield it from other environmental damage like uv rays and precipitation.

Update Your Insurance – Sometimes, even taking precautions isn’t enough. Come on in to Yetter Insurance Agency and we will sit down with you and look over your current plan. We can help you fill in those spots that you might be missing.

Did you find this information useful? Happy with your service from Yetter Insurance Agency Inc.? Consider telling a friend about us or writing a Google review; it’s the highest compliment we can receive!


  • 0
girl in car

Deciphering Car Insurance

Tags : 

One of the biggest milestones young Americans reach is when they earn their driver’s license. It represents the freedom to go wherever and whenever you’d like. As many drivers have learned by now, cars often come with a lot of obligations and rules to follow.

Car insurance is one necessity that can feel very burdensome, especially when it comes time to pay for it each month. The frequently eye-watering costs and confusing types and quantity of policies explain why the Insurance Research Council estimates that 14 percent of the driving population in America is uninsured.

At Yetter Insurance, we work with you to determine your auto insurance needs and personalize your service to bring you the protection you deserve at the best value. There are several criteria that go into our assessments of how much coverage you should purchase.

A patchwork of laws

Every one of the 50 states has its own rules on car insurance. Depending on whether you live in Pennsylvania or New York can dramatically change your the kind of auto insurance you must have.

Liability coverage helps cover the costs of any victims’ injuries and damages that result from a car accident that you caused.

Pennsylvania requires $15,000 per person and $30,000 total per accident in bodily injury liability coverage. State law also requires $5,000 in property damage coverage. Additionally, the state requires that you purchase a minimum of $5,000 in medical benefits coverage.

New York, on the other hand, mandates $10,000 for property damage for a single accident, $25,000 for bodily injury to one person and $50,000 for bodily injury to all persons involved in an accident.

Another difference between New York and Pennsylvania requirements is that only drivers who are registered in New York must buy at least the minimum limits of uninsured/underinsured coverage. This is to protect yourself in case you are involved in an accident with someone whose insurance is inadequate. Not having this coverage means that you will have to pay for all damages incurred by the other driver. Although uninsured/underinsured motorist coverage is not required in Pennsylvania, it is recommended by our agency.

Finally, it is important to understand the no-fault laws in both states. New York regulates that each driver involved in an accident will be covered by their own insurance policies for any damages suffered. In order to avoid such potentially costly civil suits, all drivers must carry $50,000 minimum in basic no-fault insurance coverage.

In contrast, Pennsylvania mixes the no-fault system with tort or “at fault” law. Policyholders have two options: a limited right to sue, or the full right to sue for medical costs and pain and suffering. The limited tort option allows you to sue for all medical costs incurred from a car accident. This option comes with a cheaper premium but will limit your right to sue for pain and suffering.

Collision and comprehensive coverage can be useful

In both states, other types of coverage like collision and comprehensive are not required; however, they are probably worthwhile for you. Collision insurance will help pay to repair or replace your car if it’s damaged in an accident.

Comprehensive insurance covers damage to your vehicle not caused by a collision, like weather events, animal damage, vandalism, or theft.

If your area has a high rate of any of those factors and you likely could not afford to replace or repair your car in such incidents, you should consider collision and comprehensive coverage.

Also, if you are paying for your car with a loan or you are leasing it, your lender or leasing company likely will require that you buy such coverage.

Driving less means buying less gas and insurance

Driving fewer miles a year than the average driver means the potential for cheaper car insurance rates—and can affect the amount of coverage you want your policy to include. The less you drive, the lower your chances of getting into an accident. Being less likely to get in an accident means that you are less likely to have to pay out-of-pocket for damages that exceed your policy limits.

Protecting your assets with liability coverage

Getting in an accident where you cause bodily harm to another person can wreck your finances. The amount of liability coverage you carry should be high enough to protect your assets in the event of an accident. In the event of serious harm inflicted upon the other driver, you may be sued for a large amount of money. The greater the value of your assets, the more you stand to lose.

To get a rough idea of your net worth, calculate how much it would cost to replace everything you own. Most experts recommend a coverage limit of at least $100,000/$300,000, but that may not be enough.

Buying more insurance than you’re required to may seem like an unnecessary expense, but it’s important to educate yourself about the options available for car insurance. Becoming a well-informed consumer will protect you and your wallet.


  • 0

Don’t delay—resolve to address your family’s life insurance needs

Tags : 

Normally life insurance isn’t an enjoyable topic to discuss. It can seem unnecessary, complicated, or even uncomfortable. But to ensure the financial security of your loved ones in the event of a tragedy, life insurance should not be avoided. With the new year, you can make an impactful and beneficial resolution to purchase life insurance. There is no better feeling than knowing that your loved ones will be taken care of. Thankfully, it is not too hard to begin exploring your options and determining how much coverage your family would need.

Americans are seriously lacking in coverage or are undercovered

According to the insurance industry group LIMRA, 86% say they haven’t bought insurance because it’s too expensive, but they overestimate the cost by more than double. This is unfortunate because anyone with financially dependent family members should have life insurance.

It is important to strive for an individual life insurance policy, independent of your job. These policies often don’t meet the needs of families. They are also dependent on working for that employer. In a survey by LIMRA, most consumers said they were not financially prepared for the death of a family member.

The question now is how to ensure the financial well-being of your family? Firstly, you need to consider whether term life insurance or permanent life insurance is appropriate.

Term life insurance guarantees coverage for a specified period of time

If you were to die during the term, your dependents would be paid the agreed upon benefit. Consider term insurance if you wish to safeguard your family only for a certain amount of time. This is useful if you wish to cover your children until they come of age, or if you have large expenses that will end on a certain date like a mortgage. This type of life insurance is generally more affordable.

Permanent life insurance is expensive but can help long-term dependents

Permanent life insurance comes in two different forms – universal life insurance and whole life insurance. Permanent life insurance provides lifelong protection. Many of these plans also accumulate cash value. Because you will pay for it throughout your life, it is considerably more costly. But, it can be worth it if you are worried about your spouse or dependent who has permanent special needs. Permanent life insurance can help ease the anxiety about the long-term care of these loved ones.

Determining the type of life insurance that you need depends on your unique circumstances and financial goals. A combination of term and permanent life insurance is often the right combination. It is important to meet with an insurance professional that can assess your needs and understand your goals.

Once you figure out the type of life insurance that is needed, you can determine the amount of life insurance that is right for you

Generally, you should calculate the total of all financial obligations. From that, subtract liquid assets to find out how much coverage you should obtain.

When considering your obligations, add up your annual salary, multiplied by the number of years you wish to replace that income. Additionally, consider the cost of a funeral, potential medical bills, all debts, the education of your children, and the replacement for any household services you may provide.

Liquid assets are any savings, college funds, or existing life insurance policies that you may have.

Talk with your family

Of course, when evaluating your life insurance needs, a holistic perspective towards your family’s present and future financial status must be utilized. Keep an honest and open dialogue with your family. Discuss with your children about their expectations for higher education, like whether they intend to pursue it, or what kind of college they’d attend. Talk with your partner about what kind of coverage they would like to have. They may predict a significant change in their income.

In the end, it is best to be safe and overinsure your family. That cushion can give them flexibility and more options. Although it may be a hard topic for you to think about, the first step toward getting life insurance is as easy as calling a Yetter Insurance agent. We’ll help you select a plan that is right for you and your family.


  • 0

If You Rent Out Residential Properties, Consider Landlord Insurance

If you rent out residential property, whether it be a house, apartment, or condominium, you should consider investing in landlord insurance. Landlord insurance provides protection from financial loss that results from damages to a rental property due to fire, storm, break-in, and more.

What does landlord insurance cover?
Depending on your insurance carrier, you landlord insurance can include:

  • Property Damage
    In the event of a storm, fire, tenant damage, or other damage to the property, your insurance company will cover the replacement or repair of property.
  • Liability Insurance
    Liability coverage protects you against liability claims and lawsuits from tenants, their visitors, and trespassers if someone is injured or has their property damaged on your property.
  • Loss of Income
    If your rental property becomes uninhabitable, loss of income coverage will compensate you for the lost rental income until your property is repaired.
  • Additional Coverage
    There are other add-on options for landlord insurance, such as coverage for the furnishings and fixtures that you provide to your tenants. Ask your Yetter insurance agent about your options.

Why should I get landlord insurance?
Your rental property (or properties) are an investment and a source of income. If anything happens to your property, or you get caught up in an expensive legal battle, that investment could be more sunk cost than income.

To protect your rental property investment, and to make sure that you can have peace of mind renting your property, call your Yetter insurance agent today at (570) 296-8329 to discuss your options and find the plan that’s right for you.


  • 0

6 Apartment Security Tips for Summer

Summer has arrived. The birds are singing, the sun is shining, and burglars are on the prowl. Between easy access from open windows to apartments being empty for weeks on end while their residents are on vacation, July and August have the highest burglary rates of the year. Here are six simple tips on how to discourage burglars from targeting your rented apartment:

  1. Always Lock Your Doors and Windows
    In the summer time, many of us like to keep our windows open so that fresh air can circulate through the apartment, but you should resist the urge to leave your windows open when you’re not home. Even a ten-minute trip to town leaves your apartment vulnerable enough for a thief to break in and pilfer your valuables. Thieves are much more common to target you when you’re not home, so make sure to lock your apartment up tight every time you leave.
  2. Install a Security System
    One of the biggest deterrents for burglars is a security system. When scouting out a target, homes with security systems are often bypassed in favor of those without. By installing a security system you’ll dramatically reduce the likeliness of ever becoming the target of thieves.
  3. Keep Your Vacation Plans Off Social Media
    Security systems and locked doors are great deterrents, because they present a bigger challenge for burglars to break in and get out quickly. If the burglar knows that you will be out of town for an extended period of time, those deterrents don’t work as well. Refrain from posting about your vacation until you get back.
  4. Get to Know Your Neighbors
    Having a good relationship with your neighbors doesn’t only benefit your sense of community, it can also protect your property. When you’re leaving town, you can ask your neighbors to pick up your mail for you (uncollected mail is a common sign that burglars use to determine that someone is out of town) and have them keep an eye on your place for you. If you develop a good enough relationship with them, maybe they’ll even feed your cat for you while you’re gone.
  5. Store Important Valuables in a Safety Deposit Box
    For a nominal fee of about $15-$25 a year, you can rent a safety deposit box to keep your most important and cherished valuables in. That way, in the unfortunate event that your apartment is broken in to, you’ll still have your passports, social security cards, and grandma’s diamond earrings.
  6. Get Renters’ Insurance
    It’s likely that your landlord only has enough insurance to cover potential damage to the building or property. Even if your landlord has enough insurance to cover some of your belongings, it’s unlikely that it will cover everything you own. Get renters’ insurance to cover your belongings from theft. Read More: Top renters’ insurance myths.

Have a great summer vacation and talk to your Yetter Insurance Agent about the ways to keep your home safeguarded and properly insured. We’ll help make sure you get the best help possible. Contact Yetter Insurance today at our Milford office at 570-296-8329 or visit www.yetterins.com.

###

Yetter Insurance Agency is a family-owned business, located in Milford, PA, providing an array of renters’ insurance options for Pennsylvania and New York residents. Yetter has been a leading insurance agency in Pike County, PA since 1972. It’s likely that a landlord’s insurance only covers potential damage to the property or building. For coverage of your belongings and peace of mind, contact one of our skilled insurance agents today and ask about renters’ insurance. For more information, please visit http://yetterins.com.


  • 0

Do I Need Insurance for My Boat?

Tags : 

There aren’t many better ways to spend a day off than out on the open water with the sun on your face. Boating is a popular pastime, with more than 15 million boats registered in the United States, but many boat owners don’t know the importance of having a dedicated insurance policy for their boat or personal watercraft. From boating accidents to theft, it’s imperative that you protect your vessel from the unforeseen.

Doesn’t My Homeowners’ Insurance Cover My Boat?
While your homeowners’ insurance probably does offer some protection, it likely isn’t enough. Your homeowners’ insurance usually only offers around $1,000 and $1,500 for damage or theft that occurs at your home, but will not cover you for anything that happens in transit or while your boat is on the water. There are also limits to the coverage due to the length of the vessel and the size of the motor.

How Do I Protect My Boat in Transit?
While transporting your boat, it’s covered by the towing vehicle’s insurance. It is important to contact your insurance agent to confirm that your auto insurance policy is adequate to transport a watercraft via trailer. It’s likely that you will want to increase the coverage on your auto policy or add umbrella coverage to protect your boat in the event of an accident or trailer malfunction.

Will Boat Insurance Cover the People on My Boat?
A boat insurance policy provides liability and medical payment coverage for any injuries that take place on your boat while it’s on the water. It also provides coverage for water-skiers and tubers that you’re towing behind your vessel.

Is My Boat Covered Everywhere?
We’re glad you asked. Most boat owners assume that once their boat is covered, they can take it anywhere. Depending on the policy, this may not be true. Many policies only cover inland waters, while others cover coastal waters within certain geographical ranges. If you plan on traveling with your boat, it’s best to check with your insurance agent to see where you are covered and how to go about expanding your coverage to where you will be traveling.

So, What Does Boat Insurance Cover?

  • Liability for passengers
  • Liability for damaged caused to or by the watercraft
  • Coverage for theft of boat, motor, or equipment in boat
  • Uninsured watercraft coverage covers damage to your boat and provides liability for injuries that occur on your boat due to an uninsured boater colliding with you

If you’re thinking about buying, or have recently bought, a boat or personal watercraft, please contact your Yetter insurance agent by calling (570) 296-8329, or visit http://yetterins.com/.

 

###

Yetter Insurance Agency offers comprehensive boat insurance policies to owners throughout Pike County and Wayne County, PA and Orange County, NY. Whether you’re looking for boat insurance or personal watercraft insurance, our agents can help you find affordable and comprehensive coverage through carriers like Erie Insurance, Progressive, and Foremost Insurance Group. Call us at 570-296-8329 or visit our Milford, PA office to find the right boat insurance for your needs.


  • 0

What is Personal Property Coverage and How Does It Work?

Tags : 

Personal property coverage is the part of a home insurance policy that covers items like furniture, antiques, jewelry, clothes, and electronics. Every home insurance policy includes some personal property coverage, but depending on the value of your belongings, it may not be enough. That’s why insurance carriers offer several types of additional coverage for personal property.

Conduct a Home Inventory
The first thing you should do in determining whether you need additional personal property coverage is to conduct a home inventory of your valuables. This can be done by starting with the most recent, expensive purchases and working backward, or by taking inventory by room.

When taking an inventory of your belongings, include the approximate date purchased, the purchase price, and the estimated current value of the possessions in your inventory. Keep receipts of all major purchases with your inventory, as well as photographs of the belongings listed.

These inventories can be written on lined paper, pre-formatted files like this one provided by Foremost Insurance, or recorded into personal inventory apps, like Know Your Stuff, a free app from the Insurance Information Institute for iPhone and Android.

An inventory of your personal items makes it easier to see the total value of your property, indicating whether additional coverage is needed, or if the current coverage offered with your home insurance policy is sufficient.

Here is a useful video with tips on taking a home inventory and how it can benefit you in the event of a natural disaster.

The Different Types of Personal Property Coverage

If you need more coverage, it’s important to know the different types of coverage that are available.

Actual Cash Value
Belongings are often covered at their fair market value.  This equals the replacement cost minus depreciation. Actual cash value coverage pays out claims for their depreciated value (what you could hope to get at a yard sale or online auction for your property).

Replacement Cost Coverage
With replacement cost coverage, the insured property is covered for the cost to repurchase the item at the time a claim is filed. This means that the item is actually replaced in full, rather than paid out in a depreciated cash value.

Scheduled Personal Property
Scheduled personal property is an optional additional coverage that you can add to your home insurance policy to cover high-value items. Most personal property coverage has limits for individual items of around $1,000. If you collect fine art, jewelry, or other items that can be worth well over $1,000, scheduled personal property can help to cover your collections or prized family heirlooms.

If you’re interested in adding additional coverage to your homeowners’ insurance policy, or have questions pertaining to your current policy and coverage, please contact your Yetter Insurance agent by calling (570) 296-8329, or visit http://yetterins.com/.

 

###

Yetter Insurance Agency is a family-owned business, located in Milford, PA, that offers a variety of homeowners’ insurance options for Pennsylvania and New York residents. Yetter has been a leading insurance agency in Pike County, PA since 1972. We offer plans from top-rated carriers that fit every need and budget. If you’re interested in expanding or changing your coverage, please contact one of our skilled agents today. For more information, please visit http://yetterins.com.

Sources:
http://www.foremost.com/mygreathome/home-safety/insurance/personal-property-inventory.asp
https://www.progressive.com/homeowners/home-owners-insurance-coverages/


To pay your bill:


To get an auto quote:


To Service your Progressive Account:

Progressive Insurance Claims

To Get an American Collectors Quote:

American Collectors Insurance Quote Wizard