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. 

What a Homeowners Insurance Policy Provides

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For the most part, homeowners insurance policies are customizable. You can select the cover you need for your Milford, PA home and choose not to include certain items. However, some things are standard elements included in basic homeowners insurance policies. 

Please continue reading to learn more about what a homeowners insurance policy provides you, and then give us a call at RH Worthington Group to learn how to customize your policy. 

Your Home

Most insurance policies cover the interior and exteriors of homes in the event of fire, lightning, vandalism, and other covered incidents. Additionally, freestanding structures, such as garages or sheds, may also be covered under a standard homeowners insurance policy. Finally, most insurance policies offer coverage to pay for a hotel should your home be damaged to the point where it is unlivable. 

Personal Property

Items such as clothing, furniture, appliances, and other contents within your home are covered under your homeowners insurance policy. If needed, you can add “off-premises” coverage for storage units or other locations where you might be keeping the personal property. Additionally, some high-priced items may need extra coverage. Contact your insurance agent to determine how much of your personal property is covered.

Personal Liability

Homeowners insurance with liability coverage protects you when others become injured on your property. This clause includes pets, so should your dog bite someone, your insurance covers their medical expenses. Liability insurance also covers you in the event someone sues you for their injury at your home. 

There are many options available for your homeowner’s insurance policy in Milford, PA. You can easily customize it to include the coverage you need to protect your home, yourself, and your family. To learn more about standard homeowners insurance coverage and what is covered, give us a call at RH Worthington Group. 

How Does Umbrella Insurance Work?

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One of your top priorities should be protecting your family and assets. However, even with your existing policy, getting additional coverage for extra protection is good. That is what we call umbrella insurance. If you reside in Milford, PA, and are not sure about getting an umbrella policy, RH Worthington Group takes you through how umbrella insurance works.

How It Works

An Umbrella insurance policy protects you and your assets in two ways.

  • Provides coverage when the limits of auto, homeowners, and boat insurance have been exhausted
  • Provides coverage for specific claims excluded in other liability policies like slander, false arrest, and libel. 

What it Covers

Umbrella insurance protects what your other insurance policies do not cover. Generally, it provides liability coverage for property damage, injuries, some lawsuits, and personal liabilities. You probably think your homeowners and auto insurance has you covered in some of these scenarios. And while that is true, umbrella insurance goes beyond the limits. Examples of Umbrella policy coverage include;

  • Bodily Injury Liability- Helps cover expenses arising from bodily harm to another person. For example, consider an instance where your guest’s child gets hurt in your yard, or your dog causes damage to your neighbor. All medical expenses and any liability claims arising from those injuries are covered under umbrella insurance.
  • Property Damage Liability- Helps cover the cost of damage to another person’s property. For instance, it could damage someone’s home due to a car accident where you were at fault.
  • Owner Rental Units- provides cover against any liability you might face when you are a landlord.

Umbrella insurance also provides coverage when sued for malicious prosecution, slander, libel, and mental anguish.

What Is Not Covered

There are certain situations not covered in an umbrella policy, including;

  • Your own injuries and damage to your personal items
  • Intentional criminal acts that cause damage to another person
  • A Liability associated with a contract you entered.

It is good to understand how an umbrella policy gives that extra protection you need. Residents of Milford, PA, looking for more information on the umbrella policy can contact RH Worthington Group Insurance and get assistance.

What coverage will I get with my auto insurance in Milford?

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When you are a resident of the Milford, PA area, you will want to know that you have an efficient way to get around the community. One way that you can do this is by investing in a car or other vehicle. Along with your vehicle purchase, you should also get auto insurance. Those that have auto insurance can receive several types of coverage that can prove to be quite valuable.

Coverage to Replace Vehicle if Needed

One of the reasons you should have auto insurance is to have the support to replace your vehicle in some situations. If you have a stolen or damaged your car in an accident, the cost to replace it can be significant. Fortunately, you can do this if you have a collision and comprehensive insurance plan, as it will provide the resources you need in these scenarios.

Liability Protection

Vehicle owners are going to take on liability risk regularly. If you decide to invest in a full auto insurance plan, you will also receive liability insurance coverage, which can help cover your cause’s damages. This coverage will also be required by state law in Pennsylvania. If you do not have it, you could be penalized. 

If you are going to buy a vehicle in the Milford, PA area, you need to have proper insurance protection at all times. As you are looking for your next plan in this area, calling the RH Worthington Group can be a great option. There are some important factors to consider when looking for insurance coverage and RH Worthington Group can help ensure you make a wise decision. The team here can also help ensure you remain properly covered at all times with a plan that is ideal for your situation.

Why you need a business owner’s policy

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The business owner’s policy (BOP) provides the four most essential policy types in one bundle for a reduced premium payment than you would be charged for separately purchasing each policy. It provides the foundation on which all other commercial policies are added.

RH Worthington Group, serving Milford, PA, wants you to carry the insurance that will protect your business. The types of commercial insurance you need vary depending on your business type. A dry cleaner would need different policies than a doctor’s office. The one commonality all share is the need for a business owner’s policy.

The BOP provides the foundation for all other policies. It includes liability coverage, personal property protections, structural property protections and covers the business for damage from specifically named perils. Those perils typically include hail, hurricane, fire, tornado, etc.

These insurance types form the four corners of the foundation of every commercial policy. Every business needs these. The beauty of the BOP is that you can add on any other commercial policies you need, whether malpractice for a doctor or inland marine insurance for a dry cleaner.

The BOP also saves you about 20 percent of the premium cost of purchasing these four essential policies separately. This helps every business since most have tight budgets.

You can customize the amount of coverage in your BOP. They all contain the same four policies, but you can set the amount of coverage you desire. Your business might require a $1 million liability policy, and you can have that within your BOP.

Contact RH Worthington Group, serving Milford, PA, today to learn more about insuring your company with a BOP. We can help you determine which of the more than 20 varieties of commercial insurance you need to add to it, too.

4 Tips to Prepare for Insuring Your Valuables

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Do you know the best way to insure your valuable belongings? There are some key things you’ll need to keep in mind and do to get ready for putting together an insurance policy. Expert agents at RH Worthington Group of the greater Milford, PA area will be able to discuss your needs and help you get the right amount and type of coverage. 

Notice What Your Homeowners Policy Doesn’t Cover

It’s important to note that home insurance may have some coverage for your personal items on your property, but it will likely leave a lot to be desired. You may have a serious coverage gap when certain items’ value is higher than the limit on your policy. 

Ask About a Separate Policy

That’s why it’s a good idea to have a separate policy for scheduled personal property. You’ll get higher limits and should have coverage for different risks that aren’t in your standard policy. You can have it set for particular items and their appraised value amounts. Examples of these items include jewelry, antiques, musical instruments, collectibles, and fine art. 

Take an Inventory

Go around your home and inventory the items for which you’d like to have insurance coverage. You might photograph them and bring in receipts when you visit the insurance agent. 

Repeat the Process 

It would be best if you took an inventory at least once a year, keeping your insurance agent informed of new personal items you’d like added to the policy. This way, you’ll avoid stress later on when you realize you cannot get the funds to replace some things that have become damaged or stolen. 

RH Worthington Group has your best interests in mind. Serving the residents of Milford, PA, we’re proud to offer protection against loss and damage in your home.

What is umbrella insurance and why do I need it

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When it comes to umbrella insurance, it is not well understood. It causes a lot of confusion, and if you are not quite sure exactly what it is and why you would want to have it, you are not alone. Many people believe umbrella insurance is only for the very wealthy, and nothing could be farther from the truth. At RH Worthington Group in Milford, PA, we are an independent agency, and we strive to provide our customers with great service and lots of choices. 

Umbrella insurance is liability insurance. It is excess coverage above, and beyond the coverage you already have on another insurance policy. Many common insurance policies offer liability protection, including home, auto, and commercial insurance. What this means is umbrella insurance is something that can benefit individuals as well as businesses. Other types of insurance such as renters, condo, and boat insurance also have liability coverage. 

Think of umbrella insurance as a real umbrella. When it starts to rain, it provides protection. If you represent your assets and your umbrella represents the umbrella policy, you can visualize the type of protection this policy provides. 

When someone sues you, no matter the reason for the action, you are always in danger of losing. Even if you don’t lose, the legal fees attached to the court case can be quite staggering. An umbrella policy adds an additional layer of liability protection that will affect when your primary policy has reached its maximum. A typical umbrella policy offers somewhere between one and five million dollars in additional security. Given the financial amounts judgments can rise to, this is the level of coverage you need to protect yourself from losing your hard-earned assets. 

Contact RH Worthington Group in Milford, PA for all your insurance needs.