Facts You Should Know Before Buying Condo Insurance

If you’ve recently purchased a condo, your next step is getting insurance to protect your investment. Before selecting a condo insurance policy, make sure you understand how condo insurance works and the protection it has to offer. The following facts compiled by All Nevada Insurance Inc. can help you make wise condo insurance choices to protect your Las Vegas, NV condo.

  • Your condo has a master insurance policy that generally covers damage to your building and common areas.
  • If your master policy offers "all-in" coverage, it will also cover appliances, wiring, plumbing, light fixtures and other built-in structures included with your unit. If the master policy is "bare bones," it offers no protection for the interior of your condo, leaving you to provide this coverage on your own.
  • By purchasing your own condo insurance policy, you can ensure you have the protection you need for your individual unit. An individual HO6 insurance policy offers interior protection, protection of personal property and protection against liability claims.
  • Interior protection includes walls, ceilings, floors, light fixtures and built-in structures that came with your condo. It generally covers such perils as smoke damage, fire, adverse weather, theft, and vandalism.  
  • Property coverage protects your goods to include clothes, jewelry, furniture, appliances, electronics, and other goods. You have the option of getting actual cash value coverage or replacement cost coverage. The former covers the value of your goods less depreciation. The latter coverage will pay for replacing your goods, without taking off for depreciation.
  • Liability coverage protects you against accidents that people may have while visiting your condo. It also covers legal expenses for lawsuits if you’re sued for damages, up to the limits of your policy. 

For more information about condo insurance coverage and costs, contact us at All Nevada Insurance Inc. in Las Vegas, NV.

Why your work-provided life insurance may not be enough

Residents in the Las Vegas, NV area may believe that their work-provided life insurance policy is sufficient to meet their families’ needs, but this is not always the case. The team at All Nevada Insurance Inc. are here to help you navigate the life insurance selection process and make sure that your family is fully protected. There are a lot of benefits to having work-provided life insurance policies, but they may not always provide all of the protection that you and your family needs.

There are a number of reasons why your work-provided life insurance policy may not be enough

When your employer provides life insurance as a benefit, it is often only in force for the time that you are their employ. These policies are sufficient if your death occurs while you are at this job, but will not carry forward as you move on to a different employer.

Life insurance is necessary throughout your entire life, not just during your years of employment. What would happen if your next employer does not offer life insurance? Or if you lose that benefit? Obtaining life insurance at the youngest age possible is often the smartest way to procure your policy. Many people find the best solution is to enroll with their employer’s policy and also have their own stand-alone policy that is not dependent on their employment. It makes sense to have the flexibility to move jobs without having to worry about losing your life insurance.

Is it time to review your life insurance policy? We want you and your family to have the protection you need. Call or stop by All Nevada Insurance Inc. in Las Vegas, NV today and find out how the right life insurance policy can give you the peace of mind that you deserve.

Make sure your custom add-ons are covered by your auto policy

Outside of our homes, our cars are probably the most significant investment that we make in our lifetime. A lot of people really do love their cars and find a lot of joy in personalizing them to meet their exact tastes and preferences. If you are this kind of car lover, it’s a good idea to make sure that you have the coverage that you need for the after-market changes that you make to your car. The team at All Nevada Insurance Inc. is here to work with you to find the right coverage for your Las Vegas, NV area vehicles.

Make sure your custom add-ons are covered by your auto policy

There are a lot of fine points included in most auto insurance policies that many people don’t read or understand. This is especially true if you make after-market modifications to your vehicle. In such cases, it is always best to take a proactive approach and make sure that any add-ons are fully covered. This knowledge of what is covered and what isn’t can help you decide on taking out additional coverage. A local agent who can work closely with you to find out the insurance coverage status for all of your custom work can come in handy if there is ever damage to your vehicle or it is stolen. Don’t wait until it’s too late to find out that your hard work isn’t covered by your current policy!

Don’t wait until it’s too late to find out that your customizations are not covered by your auto policy! The team at All Nevada Insurance Inc. is here to provide the insurance guidance that car lovers in the greater Las Vegas, NV area need. Call or stop by today!

Commerical Insurance Frequently Asked Questions in Nevada

All Nevada Insurance Inc. can provide for all of your insurance needs in and around Las Vegas, NV. Many people who are sure to get full coverage on their auto, home and life sometimes do not understand how to navigate purchasing vital commercial insurance for their business because it is less common to hear about in daily life and each policy is written for the purchaser’s situation so it is slightly less straightforward. We make sure to simplify the process of protecting your company with commercial insurance. 

Frequently Asked Questions About Commercial Insurance

  • What are the requirements for commercial insurance in Nevada?
    Commercial liability is not required for Nevada businesses. However, the state is not immune to accidents and lawsuits and business is not immune to natural disaster so it is a good idea to get enough coverage to protect the very way you make your living. 
  • What is the purpose of commercial insurance (what can it cover)? Depending on your policy your commercial insurance may negate some or all of your risk of a lawsuit, any business owner knows this is an issue. The policy can be written to protect your employees and you in case of an on the job injury. And the policy can protect your physical assets, property, and warehouse. Commercial vehicle insurance is also different from regular auto insurance for your protection. 
  • How long does it take to get a personalized quote? Not long at all. Just because things are not as one size fits most like auto insurance, does not mean it is a tedious process. We can offer you a plan that is catered to your needs today. 

Contact us at All Nevada Insurance Inc. for more information about commercial insurance in Las Vegas, NV. 

Why Home Insurance is Necessary For Your Vacation Home

Purchasing a vacation home in Nevada state is a common practice. Having a home to escape several times a year is vital for those who need a place to relax. Las Vegas, NV is an area with a variety of secondary homes to vacation. If you have already purchased a vacation home or plan to make that purchase, secure your investment with a home insurance policy. All Nevada Insurance, Inc. understands the benefits of owning a vacation home and protecting it.

Structural Damage

Unforeseen accidents and disasters can occur in homes throughout Nevada at any time. Accidents such as fires, structural malfunctions, and vandalism can cause signification damage to a home’s structure. Although this home is not a primary residence, attempting to finance damages without insurance is financially expensive. A home insurance policy will cover the damage cost and provide financial coverage for any losses suffered under such accidents.

Personal Possessions

Like structural damage, if there is any damage to your possessions as the homeowner, your policy will cover its replacement in the event of an accident or theft. When developing your policy, it is important to detail all items in the home that belong to you as the homeowner. This is especially important if you decide to rent out your vacation home to tourists for temporary visits. 

Liability

Should an accident occur that results in bodily harm and injuries, your policy is available to cover any medical expenses and other fees associated with the injured party, including your liability to the accident. 

Get Your Policy Today!

If you are ready to purchase your home insurance policy, look no further than All Nevada Insurance, Inc. One of our agents will be glad to assist you with a quote for your home insurance policy today.

What You Should Know Before Becoming a Franchise Owner

What You Should Know Before Becoming a Franchise Owner

A franchise opportunity could be for you. Here’s where to begin.

If you’re thinking of becoming your own boss, investing in a franchise business is one popular option that may be worth looking into. After all, you’re investing in an already-established business with a higher risk of success than owning your own business.

Before you get started on the documents, be sure that you know these essential factors first.

The Franchise Model

It’s been labeled as the greatest business model ever invented and has enabled hundreds of thousands of people to own their own business successfully. As a franchisee, you buy into a franchise, such as a service or product, and run it as if it were your own. With a complete model, training, and support, you cut out a lot of the startup mistakes.

Risk

Investing in a business, franchise or not, is risky. While there’s no way to mitigate your risk, there are ways to lower it. One of this is to research the franchise company thoroughly before signing on the dotted line. It sounds simple enough, but it’s a step commonly overlooked. Check out the benefits of becoming a franchisee and be sure you know how to choose the right franchise.

Rules

With anything in life, there are guidelines. Franchising is not a free for all. Similarly, it’s not for everyone. Before you commit to becoming a franchise owner, make sure that you understand the rules. All franchises have them, and need them! Rules maintain consistency of the products, the services, and the brand.

Finances

Most franchises have a minimum net worth requirement for franchisee, so be sure that you know yours (and that it meets the minimum requirements!). Start by adding up your assets and then your liabilities. The difference between the two is your net worth.

Take your time to assess your needs, wants, and find the right fit for you. It’s a venture that should be enjoyed by handled carefully.

Are you ready to find the right franchise opportunityVisit All Nevada Insurance today for more information!

Do I Need Insurance for My Online Business?

Do I Need Insurance for My Online Business?

Just started your own online business? You may need insurance coverage.  

Many start-ups and small businesses are unsure about whether they need insurance, and if they do, what kind. While most storefronts know that they need insurance coverage, the uncertainty comes when a business is only online. Whether you offer services online or run an online store, it’s wise to have the right insurance in place. Take a look at the types of coverage you may need.

  • General Liability Insurance

This coverage can protect your business against third-party personal injury and property damage claims, as well as advertising injuries.

  • Professional Liability Insurance

Often known as Errors and Omissions insurance, this policy has you covered if you make a mistake in rendering your professional service. If you regularly do outside work with contractors, it’s also a good idea to ensure they have their own E&O policy. This way, if a contractor makes a mistake, their policy should be able to cover any resulting legal expenses.

  • Cyber Liability Insurance

Cybercrime is on the rise and data breaches can happen to any business, large or small. If a project you work on results in customer data being stolen, you could be looking at a substantial lawsuit.

  • Property Insurance

Believe it or not, but even if you work from home, your homeowners insurance may not cover your business equipment. Protect your laptop, computer, hard drive, and entire office with property insurance that specifically covers your business property.

  • Commercial Auto Insurance

Even though your business is online, you may be constantly on the move. If your business has you driving all over the place, consider securing commercial auto insurance. This will protect you when you’re out and about on business-related errands.

Get the right insurance for your business in place. Contact the team at All Nevada Insurance to get started.

When to File a Police Report After An Auto Accident

When to File a Police Report After An Auto Accident

What you should know about filing a police report after a car accident.

After a car accident, however minor, it’s important to call the police and file an official police report. Although you may be more concerned about calling your insurer and filing a claim immediately, calling the police out to the accident scene can help to progress your claim than if you were to proceed without a police report.

When to File a Police Report

You should contact the police anytime you have a car accident. Even if you think the crash was fairly minor and no one is hurt, it is best to contact the police and let them decide if they will come to the scene. Sometimes there is more physical and medical damage later that is not always apparent at the time of the car accident, too. Having a police report on file will help to prove that the accident happened.

Why a Police Report is Important

In addition to providing documentation of the accident, the police report indicates an unbiased third-party report of the incident. This can be more effective as evidence than either driver telling their side of the story. Insurance companies will need the police report, and it will help your claim.

If you are the at-fault driver, it is still equally important to have a police report. In the event the other driver tries to fake an accident, having a police report on file can save you from becoming responsible for a fake injury.

Getting in Contact with the Police After the Accident

After the accident report is filed, make sure you get a card or direct contact information from the police officer who filed the accident report. Often after an accident, you may only remember additional details later and these details could be very important, especially if the car accident ends up in a lawsuit.

 

When you’re looking to protect your vehicle and finances, car insurance can help. Contact All Nevada Insurance to get started on the right policy to suit your needs, budget, and car!