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Auto insurance is mandated by state law in Nevada. All drivers are required to carry minimum limits of at least $25,000/$50,000/$20,000 effective July 1, 2018 due to the passing of Senate Bill 308.
Home insurance is required by your mortgage company. If you don’t have a mortgage, then chances are no one is forcing you to carry home insurance. Whether you have a mortgage or not, it is a good idea to carry home insurance, especially if you live in Nevada. Homes in Nevada are prone to various types of water losses, and wind damage.
Life Insurance is by far the most important product we offer at the Aaron Campbell insurance agency. There are two basic types of life insurance options to understand, Term Life vs. Whole/Permanent Life Insurance.
Every small businesses should protect their company with general liability insurance. General Liability insurance coverage covers physical damage to the property of others or injuries to others, as well as protection from claims of libel and slander.
With more and more families deciding to rent versus purchasing a home, renters insurance is certainly an insurance policy that is getting a lot of attention. Whether you own a home or rent your liability exposure is still the same. The major difference between a homeowners policy and a renters insurance policy is the coverage for the dwelling itself. As a renter you still have an need for personal property coverage, loss of use, and medical payments to others. You can also endorse the policy for additional coverages. For more information please give us a call for renters insurance las vegas at 702-396-4200.
Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.
Liability Insurance is the most important aspect of your auto insurance policy. Everytime you get behind the wheel, you are driving a potentially dangerous vehicle and as a result, you could be held personally liable for hundreds of thousands of dollars and even millions of dollars. It is important to be certain that your liability coverage is keeping up with your assets and earnings so that your assets and wages would not be siezed in the event of a bad accident.
Uninsured Motorist coverage is not what most people think it is. Uninsured motorist does not pay out to uninsured motorists. Uninsured motorist coverage protects you from having to pay potential medical bills, loss of wages and pays you pain and suffering if an uninsured motorist causes you bodily injury. We recommend carrying the maximum amount of uninsured motorist, coverage available.
Medical Payments coverage is always primary and pays all reasonable and customary expenses for necessary medical services furnished, up to the policy limits. All motorists in Colorado carry at least $5,000 in coverage, unless they waived the coverage. Our office is able to offer medical payments up to $50,000. If you do not have health insurance, it’s a good idea to consider carrying maximum medical payment limits. If you are injured in a car accident, your medical bills will add up quickly!
Comprehensive Coverage pays to fix your car for almost everything else. Things covered by comprehensive are fire, explosion, theft, earthquake, vandalism, flood, hail and wind. The only type of collision claim paid for under the comprehensive coverage is colliding with a bird or an animal. Comprehensive coverage, when combined with collision coverage, is what banks and financial institutions mean by “full coverage”.
Collision Coverage pays for damage to your vehicle after hitting either a moving or stationary object. Collision coverage, when combined with comprehensive coverage, is what banks and financial institutions mean by “full coverage”.
Comprehensive coverage may help pay to replace or repair a damaged windshield, if it's hit by a rock or another object. ... With full glass coverage, you may not have to pay a deductible for the repair of your windshield.
Dwelling Coverage often times times referred to as ‘coverage A’. Dwelling coverage is the amount of money the insurance company estimates it would cost to reconstruct your house. Sometimes there may be additional coverage, called ‘extended replacement cost’ or ‘guaranteed replacement cost’. At The Aaron Campbell Insurance Agency, we are able to provide you with Guaranteed Replacement Cost in most situations.
Think about what would happen if you could flip your house upside down. The things that would fall out would compromise your personal property. When it comes to insuring your personal property you want to make sure you have replacement cost coverage, not Actual Cash Value coverage. Insurance companies will normally have sub limits on certain personal property that is prone to theft, such as jewelry, cash, firearms, and other items. Be sure to ask about a personal floater to ensure these items are covered.
Liability on a home or renters policy is called ‘personal liability’. This would pay out bodily injury associated with a negligent act you performed outside of driving a car or your course of business. Liability on a landlord policy is generally ‘premise liability’.
If your home becomes uninhabitable due to a covered loss, Loss of use coverage covers any additional living expenses, meaning any necessary expense that exceeds what you normally spend. For example, you usually spend $300 per month for groceries. While your home is being repaired, you spend $400 a month since you have to dine out instead of cook at home. Your policy will cover the $100 difference. Examples of additional living expenses may include but are not limited to:
Please keep all additional living expense receipts.
The deductible is the amount that you will have to pay before the insurance company pays out for a property claim. We generally recommend you carry as high of a deductible as you can reasonably afford. Insurance companies greatly reward consumers for having a higher deductible. Most consumers will save money in the long run by choosing a higher deductible.
With the Los Angeles Raiders coming to Las Vegas, NV in year 2020 the real estate state market is ramping up for some serious real estate growth and activity. Contributing to this growth is the short term rental market more commonly known as VRBO or airbnb. Short term rental is generally defined by renting out your home or condo for less than 30 days at at time. Many people with second homes, or people who travel frequently, will rent out their home by the night or week. Vacation destination cities like Las Vegas, NV, have some of the most short term rentals of anywhere in the U.S. Facts are that statistics show in 2016, the number of adults using Airbnb in United States was 44.8 million; this figure is forecasted to reach 86.5 million by 2021.
Most insurance companies don’t have the products to properly insure a house that is being rented out by the night or the week. Lessors of short term rentals need to make sure they have the right types of coverage. You should see coverage such as Loss of Rent and Premise Liability as opposed to Loss of Use and Personal Liability on your policy. Even more importantly you need to make sure your policy doesn’t exclude short term rental. Having the wrong type of insurance on your short term rental could cost you hundreds of thousands, if not millions of dollars, in the event of a property or liability claim. We are able to insure homes for short term rental at a fair cost. Contact us today to quote your short term rental.
Life insurance can be very confusing. What is term life insurance? What is whole life insurance? How can you get the information you need and make the right decision about life insurance for you and your family or other beneficiaries? At the Aaron Campbell Insurance Agency we will provide an overview of these two popular types of life insurance options so you can get an idea of what might be the best fit for you.
We have many products available to help a grieving family replace income, pay for final expenses, leave a legacy or solve estate tax problems. We offer term insurance policies as low as $75,000 in coverage and up to multi millions in coverage. We also offer various forms of whole life insurance, with death benefits as low as $5,000 and up to any amount you potentially require. Purchasing a life insurance policy should be an easy process. We pride ourselves in being convenient. If you require an exam, we will gladly send out examiner to your home or business and most policies can be fully applied for over the phone.
Features of term life insurance
Features of whole life insurance:
General Liability Insurance can cover the expenses related to non-employee injuries that happen on your property, damage you cause to someone's property, and advertising mistakes. In other words, it can cover some of the common lawsuits that arise from everyday business activities, such as renting property, working with clients, and interacting with customers.If your business is sued and the lawsuit is covered by your General Liability policy, the insurance company can help pay for legal expenses, including attorney's fees and settlements.Keep reading for specific examples of what General Liability Insurance can and can't cover.
So, What Does Business Liability Insurance Cover Exactly? Let's start with some clarification. General Liability Insurance is just one kind business liability insurance. But it is an important one. It takes care of what’s known as “third-party lawsuits,” meaning lawsuits brought by anyone who isn’t employed by your business: vendors, customers, your landlord, etc. But General Liability Insurance only covers certain third-party lawsuits, including those triggered by the following events:
Bodily injury / accidents on your property. Example: a client sues you after slipping and falling at your office and breaking their leg.
Property damage. Example: your landlord sues you when a fire at your office destroys part of the building.
Copyright infringement. Example: a competitor sues you, claiming your advertising and marketing materials look too similar to theirs.
Reputation damage. Example: after you post some pretty harsh comments on social media about a competitor, it sues you for the harm you caused to its reputation.
As we already mentioned, General Liability Insurance benefits can only pay for certain lawsuits.Here are some of the major expenses and liabilities your General Liability Insurance won't cover: