What is Underinsured Motorist Coverage?

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When you’re involved in a car accident, you expect the at-fault driver’s insurance to cover the damages. Unfortunately, not every driver carries sufficient insurance to cover medical expenses, lost wages, or vehicle repairs. This is where underinsured motorist coverage becomes essential, providing a financial safeguard when the other driver’s policy falls short of providing adequate coverage.

How Underinsured Motorist Coverage Works

Underinsured motorist coverage activates when another driver is legally responsible for an accident but does not have sufficient liability insurance to cover your expenses. Instead of being left with unpaid bills, your own policy steps in to close the gap. This ensures you’re not burdened with costs simply because the at-fault driver purchased minimal coverage.

Why Underinsured Motorist Coverage Is Important

Serious accidents can result in substantial medical expenses and prolonged recovery periods. If the other driver’s insurance isn’t enough, you could be left paying thousands out of pocket. Underinsured motorist coverage protects your financial stability, ensuring you’re covered even if the other driver’s policy is inadequate.

Key benefits of underinsured motorist coverage include:

  • Protection against financial loss: Helps cover medical expenses, lost wages, and other damages.
  • Enhanced security: Ensures you won’t be penalized for another driver’s lack of coverage.
  • Complements your existing policy: Works in conjunction with your auto insurance to fill in the gaps.

By adding underinsured motorist coverage, you create a safety net that shields you from the financial strain of accidents involving drivers with insufficient insurance.

Contact H & R Insurance Group LLC in Portland, OR

At H & R Insurance Group LLC, our team is proud to serve Portland, OR, and we’re excited to help you with all your insurance needs. Contact us today to speak with a member of our team about finding the insurance products that best meet your needs.

Should I invest in commercial insurance if I have no employees and my business is primarily online?

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It’s safe to say that many business owners are very interested in protecting their business from both unexpected and expected issues. This is true regardless of the size and type of business a person or people may have. Commercial insurance is a type of insurance designed to protect a business from various risks and liabilities. Our Portland, OR team at H & R Insurance Group LLC is committed to helping both new and existing clients obtain the coverage they need, and even more importantly, understand the types of coverage they need and why. Commercial insurance is designed to meet the unique needs of your company, and we are here to help determine your best coverage options.

What is Commercial Insurance?

Commercial insurance is business insurance that provides many bundled benefits to businesses. These benefits provide a variety of protection to businesses, depending on a business’s specific needs. These benefits can come in the form of property protection, liability and legal protection, as well as protection for running your business and protecting employees from injuries if you have staff.

Should I Invest in Commercial Insurance if I Have No Employees and My Business is Primarily Online?

In short, yes. Regardless of the size, scope, and type of business you have, you need protection. Even a web-based business needs the protection that commercial or business insurance can provide. You’ll need to protect your website from hackers and create a secure portal for customers to purchase your goods and services. Commercial insurance is designed to provide various kinds of protection. It’s best to err on the side of caution when it comes to protecting the integrity of your business.

Commercial insurance has many benefits for all businesses. Our Portland, OR team at H & R Insurance Group LLC is well aware of this and is enthusiastic about helping businesses explore their options. Call us, we’re standing by.

Why Choose An Independent Insurance Agent for Your Home Insurance Policy?

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When shopping for a home insurance policy, it’s essential to select the best option for your specific needs. One key decision you’ll face is whether to work with a captive insurance agent or an independent insurance agent.

Understanding the difference between these two types of agents can help you make an informed choice. The insurance professionals at H & R Insurance Group LLC, servicing Portland, OR, are here to answer your questions and explain the advantages of working with an independent insurance agent. Here’s what you need to know.

What Is an Independent Insurance Agent?

An independent insurance agent is a professional who sells insurance policies from multiple carriers. This contrasts with captive insurance agents, who represent and sell policies for only one insurance company.

Benefits of Independent Insurance Agents

Independent insurance agents offer several advantages. If you’re shopping for home insurance, here’s how they can assist you:

  • Compare policies from various carriers to help you find the best premium for your home insurance.
  • Identify insurance options tailored to your unique needs.
  • Provide detailed information about different policies to help you make an informed decision.

Unlike captive agents, independent insurance agents prioritize their customers over the insurance companies. This ensures that you get the best deal and the most suitable coverage for your home insurance needs.

Need an Independent Insurance Agent for Your Home Insurance? Contact Us Today

Ready to purchase home insurance? The professionals at H & R Insurance Group LLC, servicing Portland, OR, are here to help! We partner with multiple insurance carriers to find the best policy tailored to your specific needs. Contact us today to speak with a member of our team.

Can I Put My College Student’s Vehicle on My Personal Auto Insurance Policy?

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If your child is heading off to college with a car, you may wonder whether that vehicle can remain on your personal auto insurance policy with H & R Insurance Group LLC, serving Portland, OR. In many cases, the answer is yes, but it depends on several important factors, including where your student lives and how the car is used.

Residency and Ownership Matter

In Oregon, most insurance companies allow a college student’s vehicle to stay on a parent’s policy if the student still has a permanent address at home. As long as the student is considered a dependent and you own the vehicle or it’s registered to your address, coverage typically continues without issue.

However, if the student establishes permanent residence in a different state or registers the car in their own name, your existing policy may no longer apply. It’s vital to review ownership and garaging details with your insurance provider to ensure proper coverage.

Premiums May Adjust Based on Location

Where the vehicle is kept also affects your insurance premiums. If your child takes the car to school in a busy city or a region with higher accident rates, your premium may increase. Conversely, some insurers offer discounts for students attending college more than 100 miles from home without bringing a car.

Maintain Strong Coverage

While it may be tempting to reduce coverage to save money, consider maintaining full protection for a student vehicle. College drivers are often less experienced, and campus parking lots can pose risks. Comprehensive liability, collision, and comprehensive coverage can help avoid costly out-of-pocket expenses.

Speak with an Oregon Agent

Before making any changes to your policy, consult with a local insurance agent at H & R Insurance Group LLC, serving Portland, OR. We understand state laws and company requirements and can help you determine whether keeping the student’s vehicle on your policy is the most practical—and legal—choice.

Can I Put My College Student’s Vehicle on My Personal Auto Insurance Policy?

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If your child is heading off to college with a car, you may wonder whether that vehicle can remain on your personal auto insurance policy with H & R Insurance Group LLC, serving Portland, OR. In many cases, the answer is yes, but it depends on several important factors, including where your student lives and how the car is used.

Residency and Ownership Matter

In Oregon, most insurance companies allow a college student’s vehicle to stay on a parent’s policy if the student still has a permanent address at home. As long as the student is considered a dependent and you own the vehicle or it’s registered to your address, coverage typically continues without issue.

However, if the student establishes permanent residence in a different state or registers the car in their own name, your existing policy may no longer apply. It’s vital to review ownership and garaging details with your insurance provider to ensure proper coverage.

Premiums May Adjust Based on Location

Where the vehicle is kept also affects your insurance premiums. If your child takes the car to school in a busy city or a region with higher accident rates, your premium may increase. Conversely, some insurers offer discounts for students attending college more than 100 miles from home without bringing a car.

Maintain Strong Coverage

While it may be tempting to reduce coverage to save money, consider maintaining full protection for a student vehicle. College drivers are often less experienced, and campus parking lots can pose risks. Comprehensive liability, collision, and comprehensive coverage can help avoid costly out-of-pocket expenses.

Speak with an Oregon Agent

Before making any changes to your policy, consult with a local insurance agent at H & R Insurance Group LLC, serving Portland, OR. We understand state laws and company requirements and can help you determine whether keeping the student’s vehicle on your policy is the most practical—and legal—choice.

What Commercial Insurance is Required for Non-Profits in Portland?

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Operating a non-profit organization in Portland is a commendable way to give back to marginalized communities, groups, and causes that are important to you. However, before you get started, it’s crucial to understand the commercial insurance requirements you’ll need to comply with to avoid fees and potential fines. At H & R Insurance Group LLC, we specialize in assisting clients in Portland, OR, who are interested in running a non-profit organization while remaining compliant with insurance requirements and regulations.

Mandatory Insurance Requirements for Oregon Nonprofits

For non-profit organizations in Oregon, the following types of insurance are required by law:

  • Workers’ Compensation: Workers’ compensation insurance is required for all non-profits with one or more employees. This provides wage replacement and medical benefits to employees. The State Accident Insurance Fund (SAIF) provides state-chartered workers’ compensation plans for non-profits.
  • Unemployment Insurance: You will be required to carry unemployment insurance if you are a non-profit with employees to offer temporary financial assistance to unemployed workers should the need arise.
  • Specific Insurance: Some organizations may require additional insurance if you offer professional services or if you may need professional liability insurance for the type of work you provide.

It’s recommended that non-profits consider the following types of insurance: general liability, Directors and Officers (D&O), property insurance, professional liability insurance, Employment Practices Liability Insurance (EPLI), and cyber liability insurance, as needed.

Understanding the basic requirements for commercial insurance as a non-profit organization is essential, whether you volunteer time, money, food, or products. The more familiar you are with the requirements you need to meet as a non-profit in Oregon, the less likely you’ll be to encounter potential issues, such as fees or violations. To learn more about your insurance requirements and options in Portland, OR, contact H & R Insurance Group LLC today.

Does Home Insurance Cover Theft and Break-ins in Portland OR?

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Investing in a home is a significant decision, which is why it’s essential to protect your property throughout the year. If you’re a homeowner in Portland, Oregon, you may wonder if your existing home insurance policy covers theft and break-ins. Working with an agency like H&R Insurance Group LLC is a way to adequately cover your home from just about any unexpected incident or accident.

What Homeowners Policy Covers Theft While Living in Portland?

If you’re currently in Portland, it’s worth noting that most HO-3 homeowners policies typically cover break-ins and theft. These policies cover the following:

  • Damaged windows, locks, and doors that occur during a potential break-in.
  • Stolen items from sheds, garages, and outbuildings on your property (some limitations and restrictions may apply).
  • Personal property that has been stolen, such as jewelry, electronics, and furniture.

What’s Not Covered in Theft-Related Claims in Portland?

Currently, a standard homeowners’ policy in Portland does not cover the following after a theft incident or break-in:

  • Losses due to open access (such as leaving doors unlocked or identifiable neglect)
  • Items that were utilized for business purposes (as you may require a business property rider for maximum coverage in your home)
  • Stolen financial information, including identification. Identity theft coverage may be recommended when working with your insurance agent.
  • Items that are valued above your policy’s limit (without a scheduled personal property endorsement in place). This may vary based on your specific needs.

Protecting your home from theft and break-ins while living in Portland, OR, does not have to feel challenging. With the help of the right agency by your side, obtaining add-ons and ensuring existing policies are adequate is much easier. For more information regarding your existing policy, contact H & R Insurance Group LLC today.

How Your Daily Commute Shapes Your Accident Risk

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Your daily commute might feel like second nature—same roads, same traffic, same coffee in hand—but have you ever pondered how it influences your risk of an accident? At H & R Insurance Group LLC in Portland, OR, we understand that your daily travel significantly affects your overall driving safety. Whether you’re navigating bustling city streets or cruising down the highway, comprehending the risks can help you stay safe.

Impact of Traffic and Road Conditions

If your commute involves high-traffic areas, your chances of an accident naturally escalate. Stop-and-go conditions, impatient drivers, and unexpected road hazards all contribute to potential collisions. Rush hour, in particular, is a peak time for accidents as drivers are often distracted, in a rush, or dealing with unpredictable behavior from others on the road.

Weather also plays a significant role. Rain can make roads slippery, reduce visibility, and increase stopping distances. If your commute includes bridges or winding roads, these elements can make driving even more challenging.

Effect of Commute Duration

The longer you’re on the road, the more exposure you have to potential risks. A 10-minute drive through a tranquil neighborhood differs from a 45-minute highway journey. Fatigue, impatience, and even distractions like checking your phone at a red light can make a longer commute riskier.

Ensure Protection with Appropriate Insurance

Since your daily drive significantly influences your accident risk, having the right auto insurance is crucial. H & R Insurance Group LLC in Portland, OR is here to assist you in finding coverage that keeps you protected, no matter where the road leads you. Reach out today to review your policy and ensure you’re covered for whatever comes your way.

Commercial Insurance Modifications for Changes in Your Business Plan

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Are you planning to modify your existing business plan? If so, you might also want to consider updating your commercial insurance policy.

Upgrading Your Commercial Business Plan

The changes you’re considering could significantly alter your business operations and potentially add considerable value to your establishment. Ensuring you have adequate insurance protection will safeguard your business against unforeseen events like natural disasters, theft, or vandalism.

Adding New Structural Materials

Modifications to your business plan might include installing new structural materials, such as upgrading the roof or flooring. These changes will require a significant amount of new materials.

Including these materials in your commercial insurance policy will protect you if they are damaged. For instance, if inclement weather damages exterior siding, shingles, or other structural components, your insurance coverage may cover the cost of repairs or replacements.

Commercial Liability Risks

Modifying your business plan could increase your liability risk. For example, investing in new equipment might increase the risk of injuries. Additionally, the new equipment could also heighten the chances of physical damage. If equipment malfunctions, it could disrupt your daily operations.

Having adequate liability protection can cover any expenses you might incur due to an accident.

Insurance Consultation

Consult with one of our H & R Insurance Group LLC agents. An agent serving Portland, OR, will discuss your new business plan with you. They will identify risk factors that may require additional commercial insurance coverage. Once you choose the right amount of coverage, your commercial insurance policy will be updated accordingly.

Home Insurance: Are Smart Home Devices Covered?

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With homes implementing smart devices in the modern day, it’s essential to understand if they are covered under home insurance. Home insurance covers many extra additions to your home, but not all will include smart device coverage. That’s why chatting with an agent is important to determine if your smart devices are covered. Our agents at H & R Insurance Group LLC in Portland, OR, can help you understand if your plan includes coverage for smart home devices.

What Smart Home Devices Are Often Covered?

If your home insurance plan covers smart devices, you’ll need to check which ones are covered. Policies often only cover either personal property or permanently installed devices. Personal property often includes smart devices such as Amazon Echo, smart plugs, thermostats, and cameras. Installed devices include smart doorbells, locks, security systems, and lighting.

Coverage Considerations

While policy plans differ, some elements must be considered when selecting a plan. Coverage falls under damage causes, which means fire, theft, and vandalism. However, this does not cover earthquakes or flooding. Smart home device coverage will have a set deductible, which may be smaller than expected. Any devices that require a subscription are not included. 

Some home insurance plans offer discounts if you install devices that reduce insurance risks. Devices such as detectors and security systems can count towards a discount. They often offer this because they can prevent further damage or issues to your home before they happen.

Call Us Today

If you’re in the market for a new home insurance plan or want to switch so that your smart devices are covered, we can help. Our Portland, OR offices have qualified agents who can help you find a good plan for your home. Call H & R Insurance Group LLC; we’ll gladly assist you.

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