What does condo insurance cover?

Posted on by admin

Condo insurance is very similar in many ways to home insurance. It does, however, differ in some very crucial ways. The fact that condos have common areas and share things like exterior and interior walls and a roof makes insuring them different from a single-family home. Your homeowners or condo association will have a master policy that covers the shared areas meaning you are not responsible for the loss of the building and none of the grounds. R&R Insurance Group LLC in Quakertown, PA is an independently owned insurance agency, and we are passionate about helping local residents find the insurance products they need. 

Loss of use

Bad things happen. If something happens to your condo, and it is rendered uninhabitable what would you do? Immediately you will go to a hotel and if your unit has sustained severe damage that will require extensive repair, you will need to find a temporary rental to stay in. Loss of use coverage will help to pay for these expenses until you can move back home. 

Personal property

Most of your possessions are covered with condo insurance. For any big-ticket items, you probably need to have an additional rider to give you the coverage you need. 

Liability

If someone is injured while in your unit or by a member of your family, even a furry one, your condo insurance will provide the money you need to pay medical expenses and even a judgment against you, including legal fees. 

Loss assessment

This coverage will take care of any assessment the condo association requires you to pay. It covers things like replacing the roof, major structural repairs, or other large updates that need to be done. Many times assessments can run into five-figure numbers. 

Contact R&R Insurance Group LLC in Quakertown, PA when you have questions about condo insurance. 

Health insurance terms you need to understand

Posted on by admin

Health insurance is one of the most important decisions you make every year and probably the one that is the most confusing. So many terms that you may or may not completely understand.  Abbreviations that might as well be a foreign language are enough to make you throw up your hands in frustration. At R&R Insurance Group LLC in Quakertown, PA, we are here to take the stress out of choosing health insurance. We are an independently owned agency that works with 14 top-notch carriers to provide our customers with choices. 

Network

The network is the providers who have contracted with the carrier you have chosen to provide services for their customers at a negotiated price. Every plan has a network. What you need to determine is whether your preferred provider is in the network for the plan you want to purchase. 

Deductible

The deductible is the amount you will have to pay out of pocket before services will begin to be paid for. The higher the deductible, the more reasonably priced the plan will be. Keep in mind this also means you will pay more out of pocket and could possibly not get anything paid for the entire year. 

HMO

The initials stand for Health Maintenance Organization. This is a type of managed care where health care services are provided through a network. Healthcare outside the network is usually not covered unless it is an extreme emergency situation. 

POS

POS stands for Point of Service. It is a managed healthcare plan that has a network of providers. You will receive the best rates from the providers in the network, but you will have some coverage for providers outside the network. 

When you are ready to choose your health insurance plan for the year, contact R&R Insurance Group LLC in Quakertown, PA at our office or on the telephone. 

Can I Get Life Insurance with Previous Health Issues?

Posted on by admin

If you live near Quakertown, PA and want health insurance answers, R&R Insurance Group LLC is here to help!

One of the biggest concerns that people might have when trying to secure life insurance is when they’ve had past health issues. The short answer is that you will more than likely still be able to get life insurance even if you have or have had health issues in the past. However, your choices will likely be much more limited and your premiums will likely be higher than if you were in good health or did not have any past health concerns.

Each insurer has significantly different guidelines for what they do and don’t consider insurable. If you have had any of these conditions (among others) you may have some difficulty finding a health insurance policy:

  • Asthma
  • Cancer
  • Cardiovascular Disease
  • Diabetes
  • Epilepsy
  • High Blood Pressure
  • High Cholesterol
  • HIV/AIDS 
  • Morbid Obesity

However, each insurance company regards these and other medical issues differently and even if you have or have previously had one of these, it doesn’t mean that you are definitely uninsurable. Luckily, with the medical advances that have been made in recent decades, if your condition is well controlled, that might make you less risky to insurers.  Additionally, if you are younger, even if you have had any of these issues and are in generally good health otherwise, that could also help with an insurer being willing to issue you a policy at a lower premium.

Still have questions about previous health issues and life insurance? Call R&R Insurance Group LLC serving Quakertown, PA today to find out how we can help you with all of your life insurance needs!

Pennsylvania Auto Insurance: Insurance Follows the Car, Not the Driver

Posted on by admin

When you have Pennsylvania auto insurance, you should know that the insurance follows the car, and not the driver. This means that if you drive someone else’s car, it is their insurance that would be impacted in the event of a claim. If someone else drives your car and there’s an accident, it is your insurance that would cover it.

At R&R Insurance Group LLC, we want Quakertown, PA residents to feel comfortable at all times when they are driving.

Pennsylvania Car Insurance

Pennsylvania car insurance can be confusing because the various components of an auto insurance policy cover different things. Some cover a person and bodily injury or wrongful death, whereas others cover property damage.

When you drive in Pennsylvania, your vehicle must have car insurance. Pennsylvania law calls this financial responsibility.

If someone else drives your vehicle and there are damages, it will be your vehicle insurance that will have to handle that.

Impacts on Pennsylvania Auto Insurance

When someone else drives your vehicle and there is a problem, there are still going to impact your auto insurance. If your insurance company covers damages in an accident, you will see an increase in your premiums the following year.

There are certain conditions under which you could have further insurance problems. If the car is stolen by someone else and there is an accident, your car insurance will cover the damages. If your vehicle is used for illegal activity, even if you aren’t responsible, you could lose your auto insurance completely.

Get a Quote

The simplest way to avoid this problem is to not let other people drive your car, and saying that is due to car insurance laws should not cause a problem. Otherwise, if you think your vehicle needs to be driven by someone else, the simpler alternative is to add them to your vehicle’s auto insurance policy. At R&R Insurance Group LLC, we can help Quakertown, PA residents get all of the coverage they need for their car insurance. Get a quote today to update your Pennsylvania auto insurance.

Who should get a commercial insurance plan?

Posted on by admin

Owning a business can be a great career option for anyone in the Quakertown, PA area. When you own a business, you will have many opportunities for success. When starting a business of any kind, you will have a lot of important choices to make. One decision that will need to be made early on is when to select a commercial insurance plan. There are several situations when a business should have this coverage.

When Trying to Protect your Company

Every business owner should get a commercial insurance plan because you want to protect the business and employees. Owning a business will always come with a lot of risks. Due to this, you need to spend time figuring out how you can mitigate these risks as well as possible. With commercial insurance, you will receive coverage that can protect your company assets and offset the risk of commercial liability claims. 

When Raising Capital

You will also want to have commercial insurance if you want to raise capital for your company. Taking out a loan or raising outside equity can help fuel growth and get your company off the ground. Anyone who will provide a loan or invest in your company will want to know that you are properly protected. An important part of that will be reviewing your commercial insurance to ensure you are properly covered.

When you want to grow your company, getting a proper commercial insurance plan is very important. As you are looking for commercial insurance in the Quakertown, PA area, you should call R&R Insurance Group LLC. The team with R&R Insurance Group LLC can help you evaluate your options and pick an ideal policy. 

Who needs home insurance in Quakertown?

Posted on by admin

When you are in the Quakertown, PA area, you may consider it a great place to live in for a long time. Those that would like to call this area of the state home should consider buying a property here. Many long-term benefits come to property owners in this area of the state. When you are going to purchase a home here, you also need to get insurance for it. There are several situations when someone will need to have home insurance here.

Those that Want to Comply with Requirements

When someone is going to need home insurance here, you want to comply with your various requirements. A lot of property owners here will take out mortgages to finance the purchase. If you have a mortgage that has not been paid off, the lender will require that you carry insurance. Also, if you live in a home association, you may have to meet the association insurance rules.

Those that Want to Protect Property

A property is a major asset that can be protected with insurance. When you get a home insurance plan, it will give you the needed coverage to protect your investment. This coverage will give you the resources needed to repair or replace your home if it is damaged. 

When you get a home insurance plan in the Quakertown, PA area, you will want to know that you are picking the right policy for your situation. A great resource for information is the team at R&R Insurance Group LLC. If you do call R&R Insurance Group LLC, you can learn a lot about how a policy can protect you. We can also help you build a policy that meets your needs and get you a quote.