Personal Property Insurance

If you were involved in an auto accident or if your vehicle was damaged by something other than an accident, would your current auto insurance policy provide enough coverage to protect you from liability and pay for needed repairs? Would it be sufficient to pay for medical expenses and damage to personal property? If you are not sure, the experienced professionals at Hurley Agency can help.

There are several components to auto insurance coverage.
Liability coverage provides a minimum level of protection so that if you cause an accident, the insurance policy will pay for damage and injuries the other party sustained. Liability coverage will not pay to repair your own vehicle.

Collision coverage steps in to pay for damage your vehicle sustains as the result of an accident. Comprehensive coverage provides insurance protection for damage to your vehicle that is not caused by an accident.

When you are buying auto insurance for a car that you financed or are leasing, you will be required to provide evidence that you have obtained a minimum level of insurance on the vehicle. While that minimum level is better than nothing, it may not be enough to cover your risk.

At Hurley Agency, we know you are probably not an expert on insurance matters. That is why we will work closely with you to help you understand the different choices available to you. Your insurance agent will play a key role in helping educate you about various policy options and in making sure the policy you end up purchasing will provide the protection you need — at a price you can afford.

There are several different kinds of life insurance, but at its core, life insurance provides a cash benefit to your named beneficiaries if you pass away while the policy is still in force. When you buy life insurance, you are buying a set amount of insurance coverage (the “face amount”) in exchange for paying policy premiums to the insurance company.

Proceeds from a life insurance policy are usually income-tax free, and can be used to help make up for lost income, fund children’s or grandchildren’s education accounts, provide liquidity to pay estate or inheritance taxes, leave a charitable legacy, or for any other purpose.

Two of the most common types of life insurance are term life and universal life. With term life insurance, you are essentially buying coverage for a set, specific number of years. If you pass away during that period, your loved ones will receive the policy’s death benefit.

Universal life policies work a bit differently, and are intended to be permanent life insurance solutions. As long as you pay enough in premiums to keep the policy in force, the insurance company will pay the death benefit to your named beneficiaries after your death. Universal life policies also include a “cash value” component, which allows you to set aside extra funds inside the policy. If you need to draw on those funds, most policies allow for policy loans and withdrawals. The cash value can also help provide a measure of flexibility with your insurance policy premiums. If you are not able to make your premium payment for a given month or quarter, the cash value can be used to keep your insurance coverage in place.

Everyone has different needs and goals when it comes to how much life insurance they need and what they want it to accomplish. At Hurley Agency, we are experienced at placing all types of life insurance policies, including for “rated” or higher-risk individuals and complex estate and trust uses.

When you are shopping for boat insurance, it is important to make sure you are purchasing the right kind of coverage — and enough coverage — to protect yourself. Boat accidents, even those involving smaller watercraft, can be expensive to resolve, and there is a number of potential risks, from vandalism, theft and lighting to fire, sinking and grounding. If you have an umbrella policy, you will need to make sure your yacht insurance policy includes the minimum coverage amounts specified to trigger the umbrella insurance.

Not all states require yacht owners to buy yacht insurance, however doing so is a smart move in any state. Just like liability insurance for your car, your yacht’s liability insurance is intended to protect you from personal liability in the event your yacht is involved in an accident that damages someone else’s property and/or causes injuries to others. The experienced insurance professionals at Hurley Agency will work closely with you to identify your coverage needs, and will shop a range of providers to find insurance policies that offer the protection you need, at a price you are comfortable with.

Because these valuable pieces are unique to you, their protection should be unique, as well. No ordinary insurance coverage will do. Hurley Agency has the options and expertise to provide tailored coverage.

Options for insuring valuables include blanket coverage at a specific amount for a class of valuables, or an itemized schedule approach for pieces with appraisals or a combination of blanket and itemized coverage. Going global with your collection? No problem. jewelry insurance from Hurley Agency provides worldwide coverage for your valuables, in case a piece is stolen, lost or damaged during travel.

We have the expertise to provide insurance solutions for almost any budget, we partner with knowledgeable carriers. These professionals have experience and expertise in insuring valuables and are available to support you in property itemization, appraisal methods, claims settlement in the event of a loss and recovery assistance to help you get back on track.

Assistance is also available in determining loss control methods to help deter and prevent losses, thus reducing risks to property. Knowledgeable staff can guide you in analyzing risks and selecting modes of protection beyond insurance. Such protection may include enhancing property storage areas with alarms, cameras or other security means and methods.

You already have insurance coverage on your vehicles and your home. However, if policy losses for liability or legal claims for damages for liability go above your policy limits, your personal assets may be at risk.

When you purchase a personal umbrella insurance policy, you are buying added liability protection designed to go above and beyond where those other policies end.

You have worked hard to earn and keep your wealth. A personal umbrella insurance policy can help you keep what you have earned by sheltering it from claims that go beyond what your other insurance policies cover. Deciding how much coverage to buy is a personal decision. KORE Insurance Holdings can help you evaluate the specific risks you face and what insurance limits you need to truly protect yourself and your lifestyle.

A Hurley Agency professional can help you understand policy coverage, limits and premiums to tailor a policy so it will do what you want it to do when you need to rely on it. excess liability.

You may need flood insurance, even if your mortgage lender does not require it for your property. According to FEMA, more than 20 percent of claims for flood damage come from areas that are not deemed “high risk.” Without a specific flood insurance policy, you will not have the protection you need to cover the potentially catastrophic damage that can occur. While every policy is a little different, most flood insurance policies will cover damage to your home from things like groundwater seeping into your home, mudslides and water main breaks, when at least two properties in the area are affected.

When a loss is covered, flood insurance policies typically protect your home and its foundation, central heating, plumbing and electrical, attached woodwork and detached garages. Many also provide coverage for your personal belongings, including clothing, furniture and electronics, but items like cars, stock certificates, outdoor property and mold or mildew damage that could have been avoided will usually be excluded.

If your home is located on a floodplain, the amount of insurance available through FEMA’s National Flood Insurance Program may not be sufficient to cover your risk of loss. That is where Hurley Agency can help. We have access to flood insurance providers in markets across the country and can help you find coverage that fits your budget and your need for protection.

Many first-time renters assume that their landlords are responsible for providing insurance on the property. While the property owner should have insurance on the building or structure itself, they are not responsible for insuring the contents of your apartment or other rental unit.

What this means is that if something happened to your rented home, the landlord’s property insurance policy would cover the loss of the building. However, unless you had your own renters insurance policy for the property, you would not have any coverage to replace your furniture, electronics, jewelry, clothing and other personal belongings lost in a claim.

Renters insurance is a very affordable type of coverage. The cost for your policy will depend on a number of factors, including where you live, how much coverage you choose and which policy options are included.

Renters insurance typically covers a broad list of “perils” — things that can result in losses. Some of those include:

• Theft
• Vandalism or malicious mischief
• Smoke damage
• Fire
• Lightning damage
• Water or steam damage
• Falling objects
• Explosions
• Damage caused by vehicles, including aircraft

Liability coverage, typically included in a renters insurance policy, helps protect you against the perils mentioned above. Without this coverage, you would be considered responsible for these incidents and would be vulnerable to a potential lawsuit.

Your landlord may require you to have a minimum level of renters insurance coverage. Usually this requirement is included in the lease. A Hurley Agency professional can help you determine whether minimum coverage amounts are sufficient, or whether you may need higher coverage levels to protect yourself and your belongings from unforeseen loss.

Collectibles insurance is crucial in protecting your personal property, including fine art, antiques or even a collection of vintage wine.  Because these valuable pieces are unique to you, their protection should be unique, as well. No ordinary insurance coverage will do. Hurley Agency has the options and expertise to provide tailored coverage.

The Options. Options for insuring valuables include blanket coverage at a specific amount for a class of valuables, or an itemized schedule approach for pieces with appraisals or a combination of blanket and itemized coverage. Going global with your collection? No problem. Valuables insurance from Hurley Agency provides worldwide coverage for your valuables, in case a piece is stolen, lost or damaged during travel.

The Expertise. To provide insurance solutions for almost any budget, we partner with knowledgeable carriers. These professionals have experience and expertise in insuring valuables and are available to support you in property itemization, appraisal methods, claims settlement in the event of a loss and recovery assistance to help you get back on track.

Assistance is also available in determining loss control methods to help deter and prevent losses, thus reducing risks to property. Knowledgeable staff can guide you in analyzing risks and selecting modes of protection beyond insurance. Such protection may include enhancing property storage areas with alarms, cameras or other security means and methods.

Given the many types of insurance and personal property protection, the intricacies of the process of deciding the right coverage at the right time can be daunting. A knowledgeable insurance professional can help. When it comes to insuring valuables, the mission at Hurley Agency is to provide the personal attention you deserve.