How Our Sharing Economy May Increase Your Risk

Business man pointing the text: Are You Insured?

Business man pointing the text: Are You Insured?

How Our Sharing Economy May Increase Your Risk

We live in a digital world that now allows us to share everything from our car, bike, boat, apartment and even our home with total strangers. Smart phones, and the applications that can be added, offer many useful tools, but some of these things create new and increased liability for you. Before you decide to jump into the sharing economy consider the following:

  • Do these sharing sites have the ability to protect your confidential information? Many times you are giving your credit card information to companies that may not have the ability to protect it.
  • If you use Airbnb to sublease your apartment, you might check your lease. Many lease agreements have “no sublease” clauses that do not allow for this kind of activity. Also, some big cities are now actually considering outlawing the Airbnb services as it reduces hotel/motel taxes.
  • Taxi services where individuals can offer rides to those who subscribe. Are you confident that these individuals have had proper background checks? Are they experienced drivers? Do they have the correct insurance? Remember, even in states that have mandatory auto insurance laws, over 25% of drivers don’t have insurance.
  • Personal auto insurance issues should be considered if using your car for hire. There is a big difference in the auto insurance world between a car pool for work and being paid to deliver people.
  • If you rent your primary home to others, it may limit your personal insurance Call out office for a review.

The use of the new sharing economy will most likely continue and may be a good way to make money. However, if you have an uninsured claim, the cost may be much greater.  Be aware that using these services may increase your risk of loss.

As an Independent Insurance Agency, we represent many of the top insurance companies in the country. This means better coverage, and at a competitive price, including life and health insurance.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

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Don’t Get Wet… Florida Boating Safety Tips

freedfcv5Summer is here and that means it is time to get out on the water.  We hope that you and your family have a great time.  But remember, your watercraft needs to be insured, and we can provide a full range of watercraft insurance products for you. Your boat will need insurance for watercraft liability, damage to the hull, and personal property.

Watercraft insurance policies can cover damage to your boat, motor, trailer, and personal effects in the boat.  Available coverage includes liability, medical payments, coverage for injury to a water skier, and damage to the boat itself, sometimes called hull coverage.  Availability varies by state and by insurance company.  Even though boat insurance premiums are low, shopping your rate can sometimes save a substantial amount.

Here are some things to think about before you take your watercraft out:

Watercraft Safety

  • Follow all safety rules. According to the U.S. Coast Guard, 75% of reported water fatalities in 2014 happened on boats where the driver had not received boating safety training.
  • Be aware of weather conditions.
  • Have operable boat lights. Always test boat lights before the boat leaves the dock and carry extra batteries.
  • Never allow passengers to ride on gunwales, seatbacks, or outside of protective railings, including the front of a pontoon boat. A sudden turn, stop, or start could cause a fall overboard.
  • Follow speed laws around houseboats and docks.
  • Know your boat’s capacity and how to properly load it. An overloaded or improperly loaded boat can cause safety problems.
  • Have a working marine radio on board at all times and know how to use it.
  • Ventilate after fueling. Open the hatches, run the blower, and check for fuel fumes before starting the engine.
  • Infants and young children are at a higher risk for hypothermia, so if you are taking a baby on a boat, just take a few extra precautions to keep your baby warm.

 

Boat or Marine insurance is available for small boats, yachts, high performance powerboats, live-aboard houseboats, catamarans, and pontoons. Marine insurance will cover intended use including personal recreation, commercial, or charter vessels.

Call us today, and have a great time on the water!

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

 

As an Independent Insurance Agency, we represent many of the top insurance companies in the country. This means better coverage, and at a competitive price, including life and health insuran

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

Be Aware of Fraud During Storm Recovery

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We are moving into storm season and we wanted to remind you about contractor scam.

Prevent Contractor Scams

  • Make sure all contractors are licensed and insured.
  • Check with your insurer to see if the contractor has provided work for them in the past.
  • Never pay in cash.
  • Always ask for a quote in writing.
  • If you must, only pay a small amount up front, but also use a credit card so you can challenge payment if needed.
  • Get referrals and check references.
  • Never sign a blank agreement.
  • Make sure the contractor is licensed in Texas.

Insurance Scams

Some people have already received fraudulent computer calls saying their home insurance has been canceled and they need to make an immediate payment by credit card.  Also, be aware of people who say they are adjusters representing your insurance company and you need to pay your deductible now in order to have your claims covered.  Call our office if you have any questions regarding your claims.

Charity Scams

Many scammers are out asking you to donate money to their charity. Make sure you donate to legitimate organizations.  Donate money to charities you know, such as The Red Cross or your local church.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

Planning a Safe Family Vacation

holiday-389978_640Planning a Safe Family Vacation

We all want our family vacations to go perfectly, but even with the best intentions, things can happen.  Ticket mishaps, delays, schedule changes, auto accidents, and more can cause your vacation to be ruined. Your personal insurance program can be expanded to include travel and accident insurance. Call our office for a free review.

Vacation Pre-Planning

A little work in advance can help reduce the likelihood of bad things happening on your vacation.  Here are some things to consider before you leave home:

  • Make sure all your insurance is paid and up to date.  Having your auto insurance lapse due to non-payment would not be a good thing while you are driving to Disneyworld.
  • Do not take all your credit cards with you.  Take only the ones you will need.
  • Create an itinerary of where you are planning to be and on what date. Give this to a neighbor or relative.
  • Make copies of passports if traveling out of the country. Give a copy to a relative or friend.
  • Never wear anything that projects affluence (i.e. gold chains, expensive watches, rings, high-end luggage, or other paraphernalia).  It is best to leave your expensive jewelry at home.
  • Never put your home address on your luggage tags. Write your phone number instead.
  • Wait until you get home to post your vacation pictures on social media. Facebook is a goldmine for burglars.
  • Always lock your car, and never leave anything of value inside.
  • Do not use wireless networks in cafes or coffee shops.
  • Be aware of animals.  In some foreign countries, people will place a monkey on your shoulder and make you to pay to get it off!
  • You will need special auto insurance if you plan to drive into Mexico.
  • Separate your money so your spouse has a portion and you keep a portion.
  • Do you really want your first motorcycle ride to be in Mexico? Do not rent equipment or vehicles with which you are not familiar.

We offer commercial and personal insurance to ensure that you are protected from catastrophe.  Our staff is dedicated to providing all of our clients with complete coverage at the best rates our companies can offer.  Our years of experience and education allow us to guide our clients in making well-informed decisions regarding their insurance needs.

As an Independent Insurance Agency, we represent many of the top insurance companies in the country. This means better coverage, and at a competitive price, including life and health insurance.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

Time To Clean Up After Storms

bigstock-ANDOVER-NJ--OCT---An-uproo-39209893Many homeowners are starting to clean up after our recent storms. There is an aftermath including tree removal, roof repair and general yard clean up.  Remember your homeowner’s insurance may provide some coverage so it pays to call our office for a review. If you wait to ling to report a claim it may be denied.

Home Clean up tips

  • Check for mold. If you had water damage, there might be a mold issue. Check attics for mold.
  • See The CDC, Mold After a DisasterCDC Flood Web site, and Homeowner’s and Renter’s Guide to Mold Cleanup After Disasters
  • Replace drywall and insulation that has been contaminated with flood waters
  • Check your gutter and roof for damage.
  • Clean up damaged trees. This may mean trimming branches that could create a liability issue.
  • Fix any window damage including broken glass.
  • Fit any damage to siding.
  • It may be necessary to hire a professional to help you with major repairs.

As an Independent Insurance Agency, we represent many of the top insurance companies in the country. This means better coverage, and at a competitive price, including life and health insurance.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

Innovative Insurance Solutions

light-bulb-2632075_640A Business Insurance Update

We live in a changing world, and your business insurance needs to be changing as well. In order to keep your commercial insurance up to date you need to have the ability to change and update your insurance program on a regular basis.  The industry has developed a number of innovative insurance products that your business may just need.

  • Business Interruption Insurance covers the loss of income that a business suffers after a covered loss (fire, windstorm, etc.), while its facility is shut down or in the process of being rebuilt.
  • Tenant’s Insurance is needed if a commercial lease requires a tenants to carry a certain amount of insurance. A renter’s commercial policy covers damages to improvements you make to your rental space and damages to the building caused by the negligence of your employees.
  • Directors and Officers Insurance is needed even if you are a privately held business.  Directors and officer’s liability Insurance protects your business, owners, executives, and managers if individuals, competitors, third parties, or government regulators make claim for damages.
  • Cyber Liability is a risk that every business has. According to the Insurance Information Institute, businesses have a greater chance of having a cyber breach than they do of having a fire.  Most businesses should consider cyber liability insurance, which is designed to cover the costs of investigations, notification, and credit monitoring for affected individuals, regulatory compliance, defending lawsuits, and payment of any resulting judgments or settlements.
  • Faulty Workmanship is a new and unique endorsement that provides a specific limit to protect against claims arising out of faulty workmanship, materials or products. These claims would otherwise be excluded by the “business risk” exclusions found in every standard ISO Commercial General Liability policy.
  • Equipment Breakdown coverage offers extra protection for electrical, mechanical, or digital equipment used by your business, including heating, cooling, and refrigeration systems; computers and communication equipment; and more. It can pay for the cost to repair or replace the damaged equipment in the case that there is physical damage, as well as cover the cost of service interruption.
  • Debris Removal Insurance covers the cost of removing debris after a fire, flood, windstorm, etc. For example, a fire burns your building to the ground. Before you can start rebuilding, the remains of the old building have to be removed. Your property insurance will cover the costs of rebuilding, but not of removing the debris.

As an Independent Insurance Agency, we represent many of the top insurance companies in the country. This means better coverage, and at a competitive price, including life and health insurance.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

Does Santa Claus Need Insurance?

santa-2933399_640Imagine that your entire business was focused on just one day out of the whole year?  You have to spend 364 days preparing for one single product distribution.  Do you think there might be just a little bit of stress—say around December 20?  If we attempted to present Santa with a business insurance proposal, he might say, “Who would sue Santa?”  If Santa were concerned about being sued, he might stop delivering gifts to attorney’s homes!

You might get that special gift this year, it could be a new car, art, jewelry, or even an ATV. If so, Santa suggests you call us to make sure it gets insured. Your homeowner’s insurance can be updated to reflects any new purchases.

Santa might be advised to consider an accident policy and a good health plan.  Here are some interesting facts about Christmas that you may not have known.

  • All letters addressed to Santa in the United States go to Santa Claus, Indiana.
  • It is estimated that the song “White Christmas” by Irving Berlin is the bestselling single in history with over 100 million copies sold.
  • Each year more than 3 billion Christmas cards are sent in the U.S. alone.
  • $447 billion and 12.9 billion hours…Money and Time Americans are expected to spend shopping, wrapping and returning gifts.
  • During the Christmas season, nearly 28 sets of LEGO are sold every second.
  • All the gifts in the Twelve Days of Christmas would equal 364 gifts.
  • Christmas trees have been sold in the U.S. since the year 1850.
  • There are approximately 21,000 Christmas tree farms in the United States.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

 

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.