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Do I need Comprehensive Auto Insurance With a Car Loan in Milford PA?

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A car loan is a responsibility that comes with certain expectations. You are expected to make your payments on time every month and keep the car in good condition. Also, if your vehicle is totaled or stolen, your lender will still expect you to continue making payments on the loan. This is where comprehensive auto insurance comes into play.

What is Comprehensive Auto Insurance?

Comprehensive auto insurance covers the gap between what you owe on your car loan and the actual cash value of your car. So, if your vehicle is totaled or stolen, your insurance will pay off the remaining balance of your loan. However, this is minus your deductible, which is the amount you have to pay out-of-pocket before your insurance pays.

Do I need Comprehensive Auto Insurance?

If you still owe money on your car loan, then the answer is yes – you need a comprehensive policy. Your lender will require you to have this type of insurance to protect its investment. The same goes for a vehicle lease. Your RH Worthington Group representative can help you understand your options and find a policy that meets your needs and budget.

How much Comprehensive Auto Insurance do I need?

The amount of comprehensive auto insurance you need is the amount necessary to pay off your car loan if your car is totaled or stolen. This way, you can rest assured that your lender will be taken care of, and you won’t have to continue making payments on a car that no longer exists.

Looking for Quotes in Milford, PA?

If you’re looking for comprehensive auto insurance in Milford, PA, look no further than RH Worthington Group. We’ll work with you to find a policy that meets your needs and budget.

What is a business owner’s policy (BOP)?

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The most common type of commercial insurance, the BOP, provides the four most common types of commercial insurance for a single reduced price. This is the policy that most businesses start with since it provides the foundational insurance they need, and each business can add to the BOP as needed.

If you just opened a Milford, PA business, RH Worthington Group can help you insure it. We recommend starting with a BOP and adding to it. That’s because you’ll save money by beginning with the BOP and that saving carries over when you add other policies to the package. Whether you need glass or boiler insurance or an umbrella policy after having maxed out your potential coverage for business liability, you can add it to the BOP. You’ll also benefit from any package discounts provided by our company.

Regardless of the underwriter used, a BOP always costs less than buying the four policies separately. For some businesses, such as a home-based independent contractor, a BOP may be the only insurance needed. This makes it easy for you when you open a new business. It also means you do not need to change your foundational policy when you add new services or products to your business. You can just add to the existing BOP. You might not think about expansion when you’re planning to open your business for the first time, but we believe in you! You can reach the point of expanding your business and we can help.

Let us help you get started with a BOP and help you determine if you need other policies. Contact RH Worthington Group serving Milford, PA for more information.

3 Reasons To Look Over Home Insurance Policies Carefully

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RH Worthington Group is an independent agency. We are committed to helping Milford, PA residents obtain the coverage they need to protect their assets. We offer our clients custom policies so that they can obtain coverage that fits their individual needs. We hope to establish a long-lasting relationship with you.

Reasons To Look Over your Home Insurance Policy

Your Milford, PA residence is a significant investment. You’ve likely worked hard to obtain such a valuable asset. Home insurance covers your property against potential damages. You are covered if your home suffers interior damage such as the walls or flooring. You are also covered if your home suffers damage to the exterior structure such as your roof. Most home insurance policies also cover any damage to detached structures such as a shed or garage. All of your prized possessions inside the home are covered if they are stolen or vandalized. Consider taking inventory, as that will make things easier if your personal items suffer damage. Liability coverage protects you if someone is injured on your property. You are also covered if you accidentally damage your neighbor’s property. Be sure to look over your policy carefully to avoid potential issues.

Alternative Living Coverage

Alternative living coverage helps you find a temporary place to stay while your home is repaired. This coverage gives you peace of mind in the event that your home suffers serious damage.

Flood Damage

Your home insurance policy likely does not cover flood damage. Flood damage occurs when heavy rainfall or severe weather moves into the area and damages an entire section of a community. Flood damage differs from water damage, which may be drainage issues.

Luxury Items

If you have any fur or other luxury items at your property, be sure to amend your policy. That’s the only way to fully cover those items if they are damaged.  

RH Worthington Group Will Help You Protect Your Assets

Contact our office to learn more information about home insurance.

Why Pennsylvania Business Owners Need Umbrella Insurance

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RH Worthington Group is an independent agency. We serve the Milford, PA community. We offer flexible policies so that our clients are protected in every situation. We strive to simplify the process of searching for insurance so that our clients can live more comfortable lives. Accidents can occur at any moment. That’s why having strong insurance coverage is so important. We look forward to helping you find the coverage you need.

Why Pennsylvania Business Owners Need Umbrella Insurance

Milford, PA is home to several emerging businesses. If you are a business owner in the area, you are constantly looking for ways to continue thriving. Operating a business comes with a lot of risks, as you could face legal action based on one minor mistake. Umbrella insurance adds another layer of protection as you deal with risk exposure. Umbrella insurance is a form of supplemental coverage that takes over if you have reached your liability limits while handling a dispute. If a customer walks into your business and accidentally falls down, breaking their hip, your business could be at risk of serious litigation.

Umbrella insurance adds another layer of protection to help cover the injured party’s medical treatment and prevent you from having to cover the damages out of pocket. Umbrella insurance also protects you if one of your employees suffers a serious injury in the workplace. Your entire business could be at risk if you don’t have enough liability coverage. Having a strong liability policy can help enhance your business because it shows that you are professional. However, there are some situations where even a strong liability policy isn’t enough. That’s where umbrella insurance steps in. To make sure that your business isn’t at risk.

RH Worthington Group Will Help You Protect Your Investment

Visit our website to learn more information about umbrella insurance.

5 Optional add-ons to a Milford, PA auto insurance policy

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Auto insurance is required by law. But that doesn’t mean you don’t have options.

Even though Pennsylvania has specific requirements for liability and personal injury protection, minimum coverage alone is rarely sufficient. Inadequate auto insurance can leave you exposed to unnecessary risks.

Fortunately, RH Worthington Group can help. Located in Milford, PA, their agents can make sure you’re properly insured. While this isn’t the full list of available options, the agency shares these five auto insurance add-ons.

Tort options

In Pennsylvania, a policyholder’s ability to sue another motorist is directly linked to the selected tort option. As the name implies, a limited tort option restricts rights to only extreme circumstances. In contrast, full tort grants the opportunity to sue for pain and suffering after any accident.

Extraordinary Medical Benefits

By law, drivers must carry $5,000 in first-party personal injury protection. This option exceeds that, paying for medical-related expenses between $100,000 and $1 million.

Uninsured or underinsured motorist coverage

If you are involved in an accident with another driver who lacks proper auto insurance, this protection kicks in. It applies to bodily injuries suffered when struck by another motorist who is found to be at fault.

Collision

If you are involved in an accident with another driver or object, collision benefits can pay for repair costs. Although this isn’t mandatory, collision insurance may be required by some lenders in order to receive a car loan.

Comprehensive

Any other non-collision damage would be rolled into comprehensive coverage. This includes theft, vandalism, incidents involving animals, and any weather-related damage. When combined with collision insurance, this package is commonly referred to as "full coverage."

Contact an agent serving Milford, PA

RH Worthington Group can ensure you’re legal. But, more importantly, the agency can ensure you are adequately protected. Set up an appointment today.

Is home insurance needed in Milford?

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Those that are in Milford, PA will be able to choose from different housing choices. One great option is to purchase their own home, which will offer you a great long-term investment and a stable place to call home. When you are going to buy a home, you also need to get home insurance. This is needed for several reasons. 

Coverage is Needed to Comply with Lender Requirements

One of the reasons that home insurance will be needed is because it is a requirement set by mortgage lenders. When a mortgage lender provides you with a loan, they will want to know that their collateral for the loan is covered. A great way that this is done is by requiring all property owners to obtain a home insurance plan. In some cases, the lender may require that you have these payments escrowed on a monthly basis. 

Coverage Protects Your Home and Assets

Even if you are not required by a mortgage lender to carry home insurance, you should still consider it a necessity. Your home is a very important asset and one that you will want to have protected for a long time. If you get a proper home insurance plan, you are going to have the support you need to repair or rebuild it if you incur a loss or major damage. The plan also will give coverage support for your personal assets and give some personal liability protection.

There are a lot of great reasons to consider home insurance a necessity in the Milford, PA area. If you are looking for a plan here, the RH Worthington Group is a great team to speak with. RH Worthington Group can offer you any support that you need to evaluate your options and build an ideal plan. 

Is umbrella insurance an asset?

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The litigious society we thrive in today requires a formidable contingency plan because an exorbitant lawsuit could wipe out your financial assets, relegating you to bankruptcy. Have you ever imagined what could transpire if an unforeseen event strikes in Milford PA and you have exhausted the coverage confines of other present policies? Umbrella insurance is a supplementary policy that safeguards the underlying limit of your other insurance coverages like auto and home insurance, get depleted. Umbrella insurance can guard you against property damage, injuries, and certain exorbitant lawsuits. Connect with us at RH Worthington Group, serving the regions of Milford, PA and the surrounding community. Our charismatic agents will help you understand the various umbrella insurance options available and select the one that suits your needs and budget. Keep reading to ascertain why an umbrella is a worthwhile asset.

As a Milford, PA resident, it is a wise decision to procure salient umbrella insurance because it harbors versatile benefits, including:

Protection of assets

As much as we try to avert accidents, they are bound to transpire. If you propagate a massive auto accident involving chief property damage or triggering extensive injuries to third parties, your hard-earned assets may be in jeopardy. The cost of property damage and physical injuries to other people or prevailing lawsuits may supersede the limits of your auto insurance. Luckily, umbrella insurance from RH Worthington Group comes in and salvages these scenarios, safeguarding your assets and averting financial crisis.

Liability protection

Buying bodily liability and property damage coverage helps you settle for costs emanating from physical injuries and property damage you may propagate to third parties, and you are legally responsible. For example, if your pet inflicts bites on others or a guest slips and falls while visiting you, this coverage pays for them. Additionally, it safeguards you if you are engaged in a severe accident and pays for medical bills or liability claims.

Provides flexible coverage options

Unlike other policies, umbrella insurance permits you to scale down your needs depending on your primary insurance options. If your underlying policy doesn’t cater to instances like slander, libel, and false arrests, prolific umbrella insurance will take care of them. Therefore, it allows you to bundle extra liability coverage under one policy, not for the policyholder alone, but also for your family members. 

Your insurance should cushion you in all dimensions of your life without leaving any gaps that could expose you when an unexpected eventuality occurs. Please don’t hesitate to contact us at RH Worthington Group to get detailed information about umbrella insurance.

What Are Common Myths About Auto Insurance?

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We all know that getting a proper auto insurance policy is one of the best and most effective ways to protect yourself on the road. However, choosing the proper insurance policy may be quite complicated because of so many misconceptions and myths about auto insurance. In order to help you with choosing an insurance policy, RH Worthington Group serving clients in Milford, PA prepared a list of myths that need to be debunked:

Myths About Auto Insurance

  • Red cars cost more to insure. The truth is that there is no link between the car’s color and the cost of auto insurance. Insurance companies do not care about your vehicle’s color, and there are other factors that have an impact on the cost of auto insurance, including the age of your car, its condition, your credit score, location, and others.
  • The expensive the car, the more you have to pay for insurance. The purchase price of your vehicle does not really have an impact on the cost of your insurance. There are many mid-priced cars that cost more to insure than luxury cars. 
  • It costs less to insure smaller cars. There is also no link between the car’s size and car insurance premiums. 
  • Getting a traffic ticket will increase your auto insurance rates automatically. If your traffic violation is minor, and it has happened to you just once, your insurance rate will stay the same. 

RH Worthington Group – An Insurance Company You Can Rely On

Are you looking for an auto insurance policy in Milford, PA or any other surrounding area, feel free to contact RH Worthington Group – an insurance company that specializes in all types of insurance, including standard auto insurance. Feel free to visit our website or give us a call if you want to know more about insurance options and rates.

Pest Problems in a Restaurant: Will Commercial Insurance Help?

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Running a business is often a complex process that requires individuals to tweak their policy as appropriately needed. At RH Worthington Group, we can help answer any questions Milford, PA businesses may have about coverage, including whether pest damage is included.

What Your Policy Does Cover 

Understanding what your commercial insurance covers will help to make sure you don’t suffer a significant loss. For example, your policy should cover property damage to various items, like furniture, tools, equipment, and inventory. And it will help to pay for your business loss if you end up suffering from a covered issue that requires you to shut down for a specific time. 

What about pest coverage? This situation is usually complex because most commercial insurance policies will state that pests are a negligence issue. In other words, you are at fault because you did not take the steps necessary to get rid of mice, termites, ants, bees, or other pests in your business. Therefore, your policy is not likely to cover you in this situation, which may be frustrating. 

You may be able to talk to your provider about pest-control insurance and get some help. That all depends on the comprehensiveness of your policy and what your company is willing to do for you. Take the time to understand this situation by reaching out directly to your insurance provider. 

Give Yourself the Help You Need 

If you aren’t sure whether your policy is right for your needs as a business, contact us at RH Worthington Group right away to learn more. We serve Milford, PA, and the surrounding areas and will do what we can to help your company get the protection it needs.

Who needs auto insurance in the Milford area?

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The Milford, PA area is a great place to live as there are a lot of recreational options in the area and professional opportunities to pursue. If you are going to move into this area of the state, owning a car will quickly be considered a top necessity. If you would like to purchase a vehicle here, you also need to consider your insurance needs. There are various situations in which someone will need to have an auto insurance plan here. 

When Taking Out an Auto Loan

A situation when you are going to need auto coverage is when you are taking out an auto loan. Those that are going to purchase a vehicle with a loan will be required to carry a full auto insurance plan at all times. This can include requiring you to maintain both collision and comprehensive insurance. 

When Driving on a Public Road

If you are going to drive a car on a public road in Pennsylvania, you will always want to comply with state law regarding your insurance needs. In almost every situation, this means you will need to maintain a liability insurance plan that ensures you can cover damage you may cause in an accident. If you do not have this protection, you could face various penalties in the future. 

People that are in the Milford, PA area and need to get an auto plan for their vehicle should speak with the team at RH Worthington Group as soon as possible. If you are going to look for coverage, you will quickly find that there are a lot of different choices to consider. The team with RH Worthington Group can help you assess your options and choose a plan that will provide you with ideal coverage.