Insurance Products
We take pride in our consultative approach; at Atlantic Insurance, Inc. we take the time to understand your changing insurance needs, and will put a personal insurance or business insurance program in place that will deliver economy, superior protection, and risk management assistance.
Personal Insurance Products (Auto and Home Insurance)
- Homeowner Insurance
One little policy provides a lot of protection. A homeowner policy covers damage to your home from a variety of causes. If your home is totally destroyed or you cannot use it for a period of time due to a covered claim, your homeowner policy will cover the additional living expenses. The insurance extends to your home's contents and liability for damage to property of others. Bodily injury or property damage caused by your negligence or a resident family members negligence is generally covered. Your policy can be personalized to include greater levels of protection for important property, home office situations, liability for boat ownership and additions and alterations to your residence. This is just a small sample of the value provided by a well structured homeowner policy. If you own a home, own a condominium, or rent an apartment or home, a policy tailored to meet your needs is available.
- Personal Auto Insurance
You need protection should your vehicle be damaged or stolen. More importantly, you need liability protection - insurance should you or other household members cause property damage or injury to others as a result of operating a motor vehicle. Other automobile policy features include reimbursement for injury caused to you by an uninsured or inadequately insured driver (uninsured or underinsured motorist coverage) or optional medical payments coverage. There are many special situations where you may need to customize your policy; examples include installation of custom audio equipment, business use of your auto and teenage and guest drivers, to name a few. The end result is overall asset protection.
- Boat Insurance
A Yacht or Watercraft policy will typically include protection against loss to your boat, motors, trailers and equipment. Also included is liability coverage for property damage or physical injury to others caused by you or other boat operators. Uninsured boater coverage may also be available.
- Condo InsuranceThis policy does a lot. A Condominium Homeowners Insurance Policy (HO-6) provides the following at whatever limits are selected:
- Personal Property - Contents coverage.
- Structure coverage for that portion of the structure that the unit owner is responsible for according to association documents.
- Loss of use of the unit due to a covered loss.
- Personal liability coverage for injury to others or property damage due to the unit owners negligence.
- Loss assessment coverage for certain assessments made on the owner by the association.
- Various other selected coverages: added coverage for money, jewelry etc.; certain limited available business coverages; other tailored endorsements.
Please look at our blog post "Condominium Home Insurance - How Much Do I Need?" for more detailed information. - Dwelling Fire Insurance
Dwelling Fire Insurance is designed to insure residences you own or have a financial interest in but do not live in. Common situations calling for this type of insurance coverage include rental homes, homes that are temporarily vacant, or homes that are not currently occupied because of a transition caused by a sale or relocation. In these situations, insurance protection is needed for the building but typically not for contents. Premises Liability insurance for the property can sometimes be added to a Homeowners policy, added to the Dwelling Fire policy, or handled through alternative approaches. With older homes (built prior to 1978), a commercial policy is often required by underwriters since this approach often excludes coverage for lead paint exposure.
- Flood Insurance
Even if your home or business is located away from water, you may still need Flood Insurance. Homeowner and Business Insurance policies exclude flood coverage. Groundwater flooding can cause damage to buildings on higher ground many miles from a body of water. Often - but not always - groundwater flooding will meet the definition of a flood under a policy issued by the National Flood Insurance Program. Over 20 percent of flood insurance claims originate from areas that are not considered high flood-risk areas. Affordable flood insurance protection is available and can be an important component of a sound insurance program.
FEMA (Department of Homeland Security) offers the following: "... you can live miles away from water and still be a victim of flooding. On average, 25-30% of flood insurance claims come from low to moderate risk areas. That's partly because it doesn't take a major body of water, or even a major storm, to cause a flood. Anything from a broken sewer line to a slow-moving rainstorm can cause flooding. Bottom line, your home has a 26% chance of being damaged by a flood over the life of a 30 year mortgage."
In most circumstances, a flood policy takes 30 days from date of application to effective date of coverage. Don't wait. For more information visit www.floodsmart.gov.
- Personal Umbrella
A Personal Umbrella Policy is perhaps the best insurance buy available today. This policy provides additional liability protection above your Personal Auto Policy and your Homeowners Policy. The coverage limits on the basic auto policy or home policy may not be adequate in a severe situation - a bad auto accident, an guest injury at your home. Litigation today results often in large jury awards. A Personal Umbrella Policy provides extra protection of $1 million or more. The cost of this coverage is usually very reasonable. Coverage for other exposures - boats, other residences, etc. - can be included under the umbrella.
- Pet Insurance
Pet insurance provides financial benefits similar to human health insurance...even though insurance for our cats and dogs isn't the first thing we think about when our pets come to mind. Dogs live an average of 11 years, longer for small breeds and the average annual cost of dog ownership typically ranges from $700 to $3,000 a year.
Cats live even longer, averaging 12 to 14 years, and the total cost of cat ownership, over the lifetime of your pet ranges from $4,500 to $18,000. Veterinary wellness care, special diets, medication, spaying and neutering, let alone emergency surgical procedures make up 30% to 50% of these costs.
Pet health insurance can take the financial uncertainty out of pet ownership. Please visit our "Unique Products" page for a direct link to a quality pet insurance provider.
- Recreational Vehicle Insurance
Your Recreational Vehicle may be a motor home, travel trailer, fifth wheel or a camper. As it may have the elements of a house (contents) and a car (mobility), it requires special insurance protection. We have insurance products that are specifically designed to address the unique concerns posed by an RV.
- Renters Insurance
A renters policy covers personal property in your apartment, and at times it will cover your personal property out of your rental unit. In addition, the policy provides liability coverage for damage to property of others or injury caused to someone by you or a family member. Your policy can be personalized to include greater levels of protection for property such as jewelry which is afforded limited coverage under the contract. There are other content items that are limited as well - money, silverware, guns and other defined items. You need to work with your agent to tailor coverage to fit your needs. The cost for renters insurance is usually very affordable. The liability protection alone makes the coverage a necessity for a renter.
- Scheduled Personal Property
Many valuable possessions - personal property items - are specifically limited to a small limit of coverage under a standard homeowner policy. Examples of limited property include jewelry, antiques, oriental carpets, art work, collectibles, silverware, gold items and firearms. Scheduling valuable possessions gives you adequate specific levels of protection for such items. These items are typically the target of thieves - portable and valuable. Coverage for scheduled valuable articles often can be provided a broader scope of coverage than normal items covered under Homeowners Personal Property. You need to be certain that the internal homeowners limits for such valuable items are adequate with your insurance program.
Commercial Insurance (Business Insurance)
- Builders Risk Insurance
Builders Risk Insurance is often used with a different term that describes what the insurance does - Course of Construction Insurance. Builders Risk Insurance covers specified physical damage to a building during construction and can be broadened to include building materials during the course of construction. Protection can be extended for the work of individual contractors, architects and engineers. Optional coverage can often be added for costs not directly related to construction such as marketing, loss of income and delayed completion. Liability protection for the construction process is not included in a Builders Risk policy and in general needs to be purchased separately.
- Business Auto Insurance
If your business owns vehicles or if your business rents or leases them, you need Business Auto Insurance. If you or your employees use personal vehicles to conduct your business, you need Business Auto Insurance. A Business Auto Insurance Policy protects your business against injury to others and damage to property of others as a result of business use of vehicles. It also can provide coverage for physical damage to owned vehicles. Underinsured/Uninsured Motorist coverage is another important concern in constructing the policy. The policy can be tailored to cover the needs of a business owner whose sole auto coverage is provided through the Business Auto policy.
- Business Owners PolicyThink of it as homeowner insurance for your business. This type of policy is appropriate for many small and medium sized businesses. It conveniently includes many types of coverage like liability, building, business property and loss of income.
- Commercial General LiabilityYour business faces exposure to loss from legal liability from a number of sources. The CGL provides broad protection from risks arising from your premises and operations, independent contractors and product liability, to name a few.
- Commercial Package PolicyA Commercial Package is a type of business package policy that bundles coverage together for several things including liability, property, boiler and machinery, crime and other optional coverage. The options available create flexibility that allow a Package to be customized for most kinds of business.
- Commercial Property InsuranceThis type of policy provides protection from loss, due to a variety of perils, to all kinds of business property including: building structures, furniture, inventory, equipment, and supplies, money and securities and business records. If you have a larger or more complex business you may need the flexibility of insuring your business property through a Commercial Property Policy.
- Commercial Umbrella Insurance Commercial Umbrella Insurance is sometimes used interchangeably with Excess Liability Insurance. The two are really different; an umbrella insurance policy will 'reach down' to provide coverage in gaps between other business insurance policies while a true excess insurance policy is intended to provide extra limits of insurance on top of coverage provided by other business insurance policies that are in place.
- Contractors LiabilityContractors have liability insurance needs unique to the building trade. We understand those needs and can find insurance protection to fit the budget of your business.
- Crime InsuranceBusinesses are exposed to many types of loss not always covered in other types of business insurance policies. Crime Insurance indemnifies your business from embezzlement or theft by employees, forgery, hacking (electronic theft), theft of cash or securities by someone other than an employee or damage to your building or property caused by a burglary.
- Directors and Officers Liability InsuranceD & O Insurance, as it is commonly called, is essential to attracting, retaining top business management talent. Lawsuits against a business and its management for negligent or wrongful acts can be brought by any number of constituents like shareholders, customers or regulatory bodies. D & O Insurance will fill in gaps in primary business liability insurance and will protect the personal assets of the directors and officers.
- Farm and Ranch InsuranceFarm and ranch insurance can be tailored to protect the part-time gentleman farmer to the full scale agribusiness. Plans can include protection for your personal and business assets and legal liability insurance for both personal and farming pursuits. To get a proposal suited to your individual needs, complete our Farm Quote Request form or use the contact link below. And of course, you can always call or stop by to learn more.
- Inland Marine InsuranceInsurance for a variety of property in land transit as well as instrumentalities of transportation such as bridges or tunnels would seem to fit the name, Inland Marine Insurance, and this kind of property is in fact insured by this class of insurance. But the policies in this category also provide coverage for property under construction, construction equipment, scheduled property like jewelry, furs, tools and more that move about or fluctuate in value as well as instrumentalities of communication like broadcast towers.
- Ocean Marine InsuranceA wide variety of 'ocean' risks can be protected by this policy form. Both inland and ocean going vessels and their cargo can be covered under Ocean Marine Insurance. Working boats and ships as well as pleasure craft and even offshore oil rigs fall under this category of protection. Coverage extends to vessels themselves as well as cargo and liability and can be purchased not only by the vessel or cargo owner but often by anyone with an interest in or responsibility for insurable property.
- Professional Liability InsuranceAny professional in any field is expected to possess skills and knowledge resulting from specialized training and experience. When a client or customer believes you have not conducted yourself according the standards of your profession or that you have been negligent in some way you can be sued. Standard business liability policies do not cover these situations. To supplement general liability protection you may need a specialty coverage known as Professional Liability Insurance or sometimes Errors and Omissions Insurance.
- Workers' Compensation InsuranceThis type of insurance pays for medical and rehabilitation expenses for workers injured on the job. Lost wages are also covered. Each state governs the compensation details, including the amounts paid. This is often a mandatory type of insurance.
Individual Health & Financial Products
- Life, Health and Disability (Individual)Life insurance is an essential part of any financial program. A variety of policies and limits can be used to pay off a mortgage, cover future education expenses, fund a business buy-sell agreement and more. The type of policy and limits you need will depend on your financial goals.
Just as essential is disability insurance. A study performed by the American Council of Life Insurers showed that a 35 year old is six times more likely to be disabled than die before they are 65. Disability policies can be tailored to supplement employer benefits, provide benefits to the self-insured, or to fund a business disability buy-sell agreement.
There are more health plans than ever before and increasingly plans are finding ways to balance important financial protection from medical care costs with premium. Budgeting. Let us know what your unique needs are and we will find a program to fit your protection requirements and budget. - Long Term Care InsuranceAmerica's population is aging and many of us may find our assets at risk as we struggle to pay the costs of daily living assistance during periods of serious illness or disability. These costs are not covered by traditional health policies or Medicare. For some, Long Term Care Insurance may be the best alternative.
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