Does My Homeowners Policy Protect My Home Addition?

When you purchased the policy, your home insurance from Schneider Insurance Agency safeguarded your Gahanna, OH, home in its original state. If you build an addition to your home, this needs to be included in your home insurance package, as the initial policy only covers the house in its original condition.

Home Construction Projects

During the construction of a home addition, you need construction coverage. This ensures that your addition and the materials used are insured while the construction crew is working. It also means you have extra liability insurance to protect against any potential risks associated with having more people on the property and conducting dangerous activities.

Updating Your Homeowner’s Policy

Once construction is complete, you need to update your homeowner’s insurance policy to include the additional square footage. This usually means a new policy for your house in Gahanna, OH. Such a policy not only increases the covered square footage but also ensures any internal renovations are done, like built-in fireplaces and bookshelves or custom woodwork.

In some cases, your Schneider Insurance Agency agent may advise you to add more liability coverage, depending on the intended use of the home addition. This could apply if you are planning to have people staying in the addition full time, such as in a mother-in-law’s apartment or a bed and breakfast unit. In these instances, additional liability coverage is highly recommended.

Contact Us Today

Contact Schneider Insurance Agency and allow one of our helpful insurance agents to guide you through a home insurance review. They can help update your coverage to include new construction or renovations, thereby adequately covering the increased value of your home.

Auto Insurance for High-Net Worth Individuals

Do you have liquid assets of $1 million or more in addition to the value of your home? If you do, you are in Ohio’s top 5%, the 261,000 households in the state with disposable assets of $1 million or more.

If you are one of these high net-worth individuals, the Ohio state minimum liability coverage for your car is absolutely not enough. Even higher-limit coverage of $100,000 per person and $300,000 per accident may not protect you from a super-sized judgment if you cause an accident that results in a death or serious injury and you are found liable by the court.

You may need umbrella insurance from Schneider Insurance Agency, which has been serving Neward and Gahanna, OH, and all of Central Ohio for over half a century.

What’s umbrella insurance?

Umbrella insurance gives you liability coverage beyond what you can get from any single policy. 

We routinely write policies for $5 million in umbrella coverage and even more for our high net-worth customers. You have to carry traditional auto or homeowner insurance to qualify for an umbrella policy, but if you do, we may be able to protect you from liability not just from catastrophic accidents in which you are found at fault but also for:

  • Damage to rented vehicles you transport with your car, such as a boat.
  • Your other policies don’t cover incidents such as pain and suffering or libel.
  • Incidents in Canada or throughout the world.

Umbrella insurance premiums are a lot less than the potential losses they protect against.

You will usually need to get your umbrella insurance from the same insurance company as your other policies. This limits your ability to shop around for better rates, but your professional insurance agent can help you get the lowest total premiums for the coverage you need.

Whether you are in Newark, Gahanna, or anywhere in Ohio, the Schneider Insurance Agency represents the companies you need and has the expertise you need for your financial security. Call us today to discuss your umbrella policy!

What Gahanna area business owners need to look out for when choosing a commercial policy

Do you own or operate a business in the greater Gahanna, OH area? If so, it’s time to get to know the team at the Schneider Insurance Agency. We understand the time and dedication it takes to build and sustain a successful business, and we’re here to help you protect yours. Now’s the time to reach out and schedule a consultation to learn more.

Look for these features when choosing a commercial policy for your local business.

No matter the size of your company or the industry or market it serves, your commercial policy has a few features to look for. Be sure that there’s adequate protection for your property, equipment, inventory, and commercial fleet. As your business grows, you might want to consider Key Person Coverage, Business Interruption Protection, and other specialized protections. Many more features are available for you to consider when protecting your local business.

Of course, every business is different, and your needs will differ from those of the company down the street. The best approach is to sit down with a local agent who understands the business landscape and can help you during the selection process. It’s also important to review your policy regularly to ensure that your coverage is keeping pace with the changes your business is undergoing. Please don’t put it off any longer. Contact our office today to schedule a consultation.

Schedule your consultation today.

Business owners and operators in Gahanna, OH, and the surrounding areas turn to the commercial insurance team at the Schneider Insurance Agency to protect their companies. Want to learn more? Contact our office today to schedule your consultation.

We look forward to working with you!

How Home Insurance Helps You Protect What Matters

Protecting what matters most to you is very important, and the right home insurance can help. Schneider Insurance Agency is here for you if you’re in the Gahanna, OH area. Our agents understand the value of taking great care of your house and making sure it has the proper protection against loss or damage. Contacting us can make finding the best type and level of protection easier for you. Then, you’ll have great coverage along with increased peace of mind.

There are a lot of specifics to consider when you’re looking for an insurance policy to cover your home. That’s why you want to work with an agent, so you can get your questions answered. You may want to get quotes from multiple insurers, ask about specific types of coverage, and look carefully at the options for limits. The best way to protect your home with insurance is to make sure you understand the coverage you’re getting and why it’s right for your needs. We can help with that.

If your home is damaged, you want to make sure you can get it repaired and go on with your life. With good insurance, that’s much more likely. Whether you just bought a house or you haven’t updated your policy for a while, working with an agent can give you information and insight. With the right knowledge, you can make a good decision about your coverage and feel more confident in your home’s level of protection.

Contact us today at Schneider Insurance Agency if you’re in the Gahanna, OH, area and looking for home insurance you can rely on from trusted agents who want to help. We’re dedicated to making it easy and convenient for you to find the best policy for your home.

Three pieces of information you’ll need to provide when you buy auto insurance

Auto Insurance in Gahanna, OH: Know What Information to Provide

At Schneider Insurance Agency, we simplify the auto insurance process by providing you with details pertinent to insuring your vehicle in Gahanna, OH. Here are three types of information you need to provide when purchasing auto insurance.

Driver’s License Details

The first piece of information required by auto insurance providers is your driver’s license details, including your license number and expiration date. Be sure to have your license on hand when requesting a policy.

Vehicle Information

Insurance providers require information about the vehicle you aim to insure. This entails giving your insurance provider your vehicle’s make, model, year, and VIN. All necessary details can be found on your vehicle title, so keep it ready when purchasing auto insurance.

Details of Policy-covered Drivers

Only drivers listed on an auto insurance policy can count on coverage when operating the insured vehicle. If multiple individuals drive your vehicle, say your teenage children, make sure your insurance provider is aware. If you need coverage for an additional driver, discuss this with your provider to ensure all drivers are covered.

Get an Auto Insurance Quote from Schneider Insurance Agency

Contact us at Schneider Insurance Agency for a stress-free auto insurance policy procurement experience. Serving motorists in Gahanna, OH, we’re ready to help you understand auto insurance better than ever. Get in touch today to explore our auto insurance offerings.

Protecting Your Business: Commercial Insurance Basics

Operating a business in Gahanna, OH, can be both fun and challenging. Regardless of whether your business is inside your home, mobile, or in a brick-and-mortar location somewhere in town, the need to cover the basics for commercial insurance should be prioritized.

At Schneider Insurance Agency, we’re here to ensure you protect your business properly.

Consider What Makes Your Business Unique

One of the best ways to make sure that you get all the commercial insurance coverage you need is to look at what makes your business unique.

Ask yourself a few questions, such as where your business is located, what products and services you offer, and what kinds of things could go wrong that may have a negative impact on your business’s finances.

By being honest every step of the way, you can get coverage. Plus, our agents are here to ensure you’ve considered everything.

Build the Right Policy

Your commercial insurance policy may contain a number of different coverage options. You may want property insurance (even if your business is based in the home), liability coverage (to protect against injuries as well as damage to property), and even commercial auto insurance for any vehicles in your business.

There are countless things to think about when you want to protect your business in Gahanna, OH. It’s possible to have coverage for your inventory, workers’ compensation, and even any kind of business interruption.

Your goal should always be to have a thriving business – and you can’t do that if you’re always worried about the “what if” scenarios. Similarly, you can’t thrive if one accident bankrupts your business.

We’ve got experienced agents who can build you a policy that allows you to run your business with greater peace of mind. Call us at the Schneider Insurance Agency today to let us help you with your policy, including getting multiple quotes to keep your premiums affordable.

Preparing your Ohio home for an emergency

When it comes to preparing your Ohio home for an emergency, there are some simple tips that can work for almost any emergency that might arise. In Gahanna, OH the Schneider Insurance Agency can prepare you for a home emergency by making sure that you have the correct home insurance coverage. Nothing is worse than finding out after an emergency that your coverage is woefully lacking. 

Preparing your Ohio home for an emergency

Buy a generator

Generators come in many types, sizes, and prices. You can have a full-house generator that will turn on automatically if your electricity turns off. You can get a much smaller unit that will keep your food from spoiling and give you heat, water, and air conditioning in an emergency. Whatever you choose, if you ever lose power, it can be a lifesaver. 

Have a plan

Every homeowner needs to have an escape plan. You need a plan that can get every member of the family out of the house but also a plan to get all of you to a safe location. Map out several different routes so that you are sure that one of them will be available. Roads may become blocked, flooded, or impassable. 

Stock up

It is important to have bottled water, food that doesn’t require cooking, extra batteries, candles, flashlights, and things that can help you get by if you are not able to get out of your home. Having a grill with a burner will allow you to cook or have a camp stove to make coffee or tea. If you have a generator, you will need to have extra gasoline to keep it running. 

Consult With Us

In Gahanna, OH, reach out to Schneider Insurance Agency when you are in need of an independent insurance agency to provide the home insurance information and coverage you require. 

The Pros and Cons of Ohio’s No-Fault Auto Insurance System

At Schneider Insurance Agency, we believe there are both drawbacks and advantages to the no-fault insurance system that Gahanna, OH offers. For example, one pro is just how efficient the system is at processing insurance claims. Since you are part of a no-fault system, it won’t be necessary to wait for the outcome of lengthy investigations conducted by the local police. Every party simply pays for his or her own property damage and medical expenses. Claims are settled quickly, and compensation is received in a prompt manner.

Another advantage is that there are far fewer lawsuits clogging up the court systems that arise from auto accidents. Regardless of fault, drivers are reimbursed by their own insurance companies, so there really is no need to engage in legal battles to prove liability. And, because litigation costs are much lower in the Gahanna, OH area, many vehicle owners pay lower premiums than those in neighboring states. While lawsuits do still occur, they are usually only brought forth in matters of severe injuries.

That all said, there are some disadvantages to this system. For one, it can actually have the opposite effect and result in higher premiums for some. While the process was developed with the idea of streamlining everything for everyone involved, the costs of covering your own damages each time that you get into a traffic accident can get costly fast. That means some companies may charge all of their insured higher premiums to make up the difference.

However, perhaps the biggest setback associated with the no-fault system is the fact that it discourages responsible driving. Ohio law states that innocent victims must share the financial burdens of auto accidents with those who are culpable. Therefore, there really is no reward for being a careful and reliable driver.

Schedule A Consultation Today

If you are confused or have further questions about this tricky system, don’t hesitate to call us at Schneider Insurance Agency in Gahanna, OH. We would be happy to take your questions and provide you with the reassuring answers that you need.

Can Commercial Insurance Protect Merchandise from Theft?

For business-owning residents of Gahanna, OH, our team of qualified insurance professionals at Schneider Insurance Agency wants to ensure that your commercial enterprise has all of the protections it needs to succeed in our commercial insurance policies. As any business owner will know, retail theft is a common cause of suffering for businesses. When your store or other business is taking a hit from stolen merchandise, you may feel helpless.

You may also wonder what you can do on a practical level to financially recover from this problem. Commercial insurance policies may vary in terms of their limits and what they can cover. Still, you might find that a commercial insurance policy could protect your business against theft in certain qualifying ways.

Could a Commercial Insurance Policy Help Protect Merchandise from Theft?

Whether you notice a theft problem during your quarterly inventory assessment or you see tags from merchandise stuffed in fitting rooms and other areas of your store without the matching item in sight, you may feel hopeless and worry that your business is doomed. After all, when a piece of merchandise is stolen from the sales floor, it takes away your opportunity to sell that item and make a profit. What’s more, it eats into your profits since your business has already spent money on stocking that item. 

Some commercial insurance policies may cover the costs of replacing stolen merchandise. Others might not. To determine whether your commercial insurance policy covers stolen merchandise, you should speak with one of our agents. If your policy doesn’t already have retail theft coverage, you might need to get other types of coverage to qualify for this protection.

To discover how you can protect your business with our policies in Gahanna, OH, call Schneider Insurance Agency.

Do I need to keep homeowners insurance even after I pay off my house?

Paying off your house is a dream come true for many. Your home is usually your biggest investment and your most valuable asset. When your mortgage is new, you may even have to pay special mortgage insurance until you pay off a certain percentage. Homeowners and mortgage insurance may be requirements of your lender or government programs that finance your loan.

But do you need to continue to pay for homeowners insurance on your Gahanna, OH after your mortgage is paid off? We at Schneider Insurance Agency want to help you understand your risks so you are comfortable with your level of protection.

Here are the main reasons you should continue to protect your home with homeowners insurance:

  1. Your home is still vulnerable to the same risks you were vulnerable to before. The difference is that you no longer share an interest with your mortgage holder. If something happens, you are 100% responsible.
  2. Your homeowners’ policy provides protection against lawsuits. Liability insurance is included so if someone comes onto your property and gets injured, your insurance will pay. Homeowners insurance typically pays for your legal representation in these cases too.
  3. If your home is destroyed or temporarily unlivable, you might not have a place to stay while waiting for repairs or rebuilding. Homeowners insurance can pay for temporary housing and will even cover additional expenses, such as the added cost of eating out. 
  4. Maintaining homeowners insurance gives you the peace of mind you need to live comfortably.

Reach Out To Us

Protecting your Gahanna, OH home is probably one of your top priorities. You need a safe home for yourself and your family. If you have any questions or if you want to make sure you are comfortable with your current level of protection, please call Schneider Insurance Agency today.