Does Renters Insurance Cover Theft?

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If you’re a renter in or near Berlin, CT, it’s a smart idea to get renters insurance. Your landlord’s insurance will almost certainly not cover your personal belongings. If there’s a disaster or burglary, and you don’t have renters insurance, you’ll have to foot the bill to replace everything. It’s crucial to understand how these policies work before you get one, though. 

Typical Coverage

Most policies will cover your belongings under the covered perils, including natural disasters, theft, and vandalism. Renters policies usually don’t cover damage to the structure. For example, suppose someone breaks a window, breaks into your home, and steals your belongings. A renters policy will cover your belongings, but not a new window.

Coverage Limits

Policies will cover only items stolen up to a specified amount, known as your coverage limit. If you have $10,000 in damages, but your coverage limit is $5,000, the policy will only pay $5,000, even if your damages exceed that amount. An agent at Bogden Insurance Agency can help explain more about coverage limits. 

Specific Exclusions

Many renters policies specifically exclude high-priced items that are more likely to be stolen, such as expensive electronics or jewelry. You may have to purchase additional coverage for these items or a special policy. Extremely valuable items, such as art collections, often require a special policy. 

It’s best to make a list of the items in your home and their replacement costs. Include things like electronics, furniture (in case it’s damaged in a natural disaster), clothing, books, kitchen appliances, and anything else in your home. Remember small things like silverware and dishes, too.

Then, contact Bogden Insurance Agency. Our representatives can help you find a policy that meets your needs. We’re currently serving the Berlin, CT area. Contact us today!

Does Your Condo Insurance Cover Flooding and Natural Disasters in Berlin, CT?

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Owning a condo requires specialized insurance, depending on the level of protection you’re seeking and the type of endorsement makes sense to you. Anytime you invest in a condo, understanding if your traditional condo insurance covers flooding and natural disasters is crucial. At Bogden Insurance Agency, serving Berlin, CT, we’ll work with you to find the type of policy that is suitable for your concerns, based on your location and the type of coverage you’re seeking.

HO-6 Coverage

For those who own a condo in Berlin, obtaining and maintaining personal condo insurance, or an HO-6 policy, is necessary to cover a range of damage that can be caused by common weather events. Some of the weather events covered with a standard condo insurance policy include:

  • Windstorms and hail
  • Fire and smoke
  • Lightning strikes
  • Explosions and certain types of water damage (to an extent)
  • Weight of ice, snow, or sleet

Flooding

Unlike other incidents, flooding is not often covered with a traditional condo insurance policy, even if some water damage is protected. You’ll most likely want to purchase an additional flooding insurance plan via FEMA’s National Flood Insurance Program, or NFIP. We can assist you with this process to ensure your flood insurance policy is up to your standards of coverage and care.

Knowing your options when it comes to flooding and natural disasters as a condo owner is imperative, whether you’ve just invested in a condo for the first time, or you’re a long-time owner. At Bogden Insurance Agency, serving Berlin, CT, we’re well-versed in the arena of condo insurance and can help you find policy add-ons that protect you where you need it most. To learn more about your options with regard to natural disasters and flooding, contact us for your consultation today.

How Umbrella Insurance Can Protect You Against Holiday Mishaps

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The holiday season brings joy, celebration, and, unfortunately, increased risks that many homeowners don’t consider until it’s too late. From hosting large gatherings to decorating with elaborate displays, the festive months can expose you to liability situations that exceed your standard insurance coverage limits. Bogden Insurance Agency, serving Berlin, CT, knows that understanding these risks before they occur can save families from devastating financial consequences.

Holiday Entertaining Creates Hidden Liabilities

When you open your home to friends and family during the holidays, you’re taking on significant responsibility as a host. If a guest slips on your icy walkway, gets injured by holiday decorations, or gets into an accident after consuming alcohol at your party, you could face substantial liability claims. Standard homeowners insurance typically provides limited liability coverage, often between $100,000 and $500,000. That may not be sufficient for serious injury claims or property damage lawsuits.

Beyond Your Property Lines

Holiday activities often extend beyond your home, creating additional exposure. Whether you’re volunteering at community events, participating in neighborhood activities, or even posting holiday photos on social media that inadvertently cause problems, umbrella insurance provides an extra layer of protection. This coverage also protects against libel, slander, and other personal liability issues that can arise from holiday interactions, both online and offline.

Peace of Mind During Festive Times

Umbrella insurance offers affordable protection that kicks in when your primary policies reach their limits. For relatively low premiums, you can secure additional coverage that protects your assets, future earnings, and financial security. Don’t let holiday mishaps turn into long-term financial nightmares. Contact Bogden Insurance Agency, serving Berlin, CT, to discuss how umbrella coverage can keep your celebrations worry-free and your finances protected.

Agreed Value Versus Actual Cash Value in Classic Car Coverage

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Owning a classic car is a special kind of pride. It’s not just transportation; it’s craftsmanship, history, and nostalgia on four wheels. Protecting that investment means understanding how your insurance values it. The difference between agreed value and actual cash value (ACV) coverage might seem like small print, but it determines how much you’ll get if the unthinkable happens. Bogden Insurance Agency, serving Berlin, CT, explains.

What Actual Cash Value Means

ACV coverage works like most standard auto policies. It pays out based on what your car is worth at the time of the loss: its market value minus depreciation. For a regular vehicle that loses value every year, that makes sense. But for a classic car, it’s often a poor fit. A rare Mustang or vintage Corvette doesn’t depreciate; it appreciates. Under an ACV policy, you could get far less than what your car is worth, even if you’ve invested years of care and restoration.

What Agreed Value Means and Why It Stands Apart

Agreed value coverage takes a different approach. You and your insurer decide on a specific value for your classic car upfront, based on appraisals, restoration records, and current market trends. If the car is totaled or stolen, you receive that full amount. There’s no haggling or depreciation adjustments. It’s designed for vehicles that hold sentimental and collectible value, not just practical worth.

Choosing the Right Fit

Classic car owners in Connecticut often balance pride with caution. If your car is a weekend showpiece, agreed value coverage usually makes the most sense. It gives you predictable protection and peace of mind. ACV might work for older cars with modest value, but it’s rarely enough for something irreplaceable.

A classic car’s worth isn’t just measured in dollars; it’s in time, care, and passion. The right coverage honors that, ensuring your car’s story doesn’t end with an unfair payout. Contact Bogden Insurance Agency, serving Berlin, CT, to learn more.

What is Auto Arbitration?

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If you’re a Connecticut driver, state laws require you to carry auto insurance. Many drivers need assistance in choosing the best auto insurance to meet their needs. If you are in the Berlin, CT, area, our team at the Bogden Insurance Agency is here to help. Since 2008, we’ve been working with Connecticut drivers like you to find the right coverage.

What is Auto Arbitration?

If your car is damaged in an auto accident and the body shop cannot reach an agreement with your insurance company, Connecticut’s Auto Arbitration process can help resolve the dispute. According to the Connecticut Insurance Department, arbitration is an official hearing before an appointed arbitrator to determine the cost of car repairs when the garage and the insurance company cannot come to an agreement. For a case to qualify for arbitration, there must be no dispute about who is at fault or the extent of the damage.

The Connecticut Insurance Department also states that claims can be brought directly by a policyholder to an arbitrator through procedures outlined in their policy’s comprehensive or collision coverage. Arbitration can help decide the amount of the garage’s repair bills, the payout for a “total loss” determination, or rental car and storage expenses. Arbitrators must be members of the American Arbitration Association.

Call Us Today for Your Appointment

Driving without auto insurance can lead to legal and financial issues. Our team at the Bogden Insurance Agency is ready to help you choose a policy that fits your needs and budget. Drivers in the Berlin, CT, area trust us for excellent customer service and personalized solutions. Call us today to schedule an appointment and let us help you find the right auto insurance policy.

When to Increase Your Commercial Insurance

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Buying appropriate commercial insurance is a critical step when starting a business. However, over time, your company in Berlin, CT, will evolve. It’s important to review your commercial policies at least once a year, but certain situations may require acquiring additional insurance, whether through higher payout limits or new policy types. Bogden Insurance Agency can help recommend the commercial lines you may need to add.

Has Your Business Changed Significantly?

Significant changes in your business operations necessitate a commercial insurance review. These changes often involve business growth, expansion, or operational shifts. While expansions or operational changes can sometimes sneak up on you, your business plan can serve as a helpful guide, alerting you to when additional coverage may be needed.

Situations that may require additional insurance coverage include:

  • Increased revenue and assets
  • Opening new locations
  • Hiring more employees
  • Acquiring new companies or merging with others
  • Purchasing new equipment or technology

Pay special attention to operational changes, such as transitioning to e-commerce, managing a remote workforce, or offering new services, as these may require evaluating new types of coverage.

Your Evolving Risk Landscape

A company’s risk level is never static. Factors such as a history of accidents, operating in a high-crime area, or outdated building systems should be considered. Additionally, new risks like data breaches and cyberattacks can lead to lawsuits from clients.

When acquiring new clients or entering into contracts, some situations may require specific types of insurance. In these cases, meeting those requirements is essential for continued operations.

If you know you need additional insurance but aren’t sure where to start, our agents can help. Bogden Insurance Agency, serving customers in Berlin, CT, will evaluate your situation and provide recommendations. Contact our office today to ensure your business is fully protected.

What Makes for Effective Home Insurance?

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If you’re in the market for home insurance, the process can feel overwhelming. You need to ensure your policy can fully replace your home if it’s damaged, determine which insurance add-ons are necessary, and more. The pressure can be even greater if you need home insurance coverage to secure a mortgage. Fortunately, Bogden Insurance Agency in Berlin, CT is here to help! Below are some of the top factors that contribute to adequate home insurance, helping you maintain peace of mind.

Factors That Make for the Best Home Insurance Coverage

  • Replacement Cost Policy: A good insurance policy will cover the full replacement value of your home. While this is generally required, it’s worth emphasizing its importance.
  • Add-ons: Do you live in an area prone to natural disasters? Are you concerned about liability risks, such as someone slipping and falling on your property? Add-ons like flood insurance or extra liability coverage can provide comprehensive protection for various scenarios.
  • Offered Discounts: Some home insurance providers offer discounts for proactive measures, such as installing security systems or making safety upgrades. Contact your provider to explore ways to reduce your insurance costs.
  • Coverage for Valuables: If you own expensive items, such as jewelry or artwork, coverage for valuables is essential. This ensures you’re protected if high-value items are damaged or destroyed in your home.

Make Home Insurance Shopping Easier With Bogden Insurance Agency

At Bogden Insurance Agency in Berlin, CT, we simplify the home insurance shopping process by helping you find quotes quickly and in one centralized place. Compare quotes with us today to find the right home insurance policy for your needs.

How to Make a Renters Insurance Claim

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When disaster strikes—whether it’s theft, fire, or water damage—knowing how to file a renters’ insurance claim can make an unfortunate situation a little easier to handle. Missing a single step could lead to delays or even a denied claim. Understanding what to do, when to do it, and how to proceed is essential for a smooth resolution.

Start by Documenting the Damage or Loss

The moment you notice a loss, begin documenting everything. Take photos or videos of the damage or the area where the theft occurred. If personal belongings are missing or destroyed, create a detailed list of each item, including its approximate value, date of purchase, and any receipts you can locate. Bogden Insurance Agency, serving Berlin, CT, recommends this as a critical first step.

Contact Authorities if Necessary

If the claim involves theft, vandalism, or suspected criminal activity, contact your local police department immediately. In Connecticut, most insurers require a police report for claims involving stolen property.

Be sure to request a copy of the police report and keep the case number handy—your insurance company will likely ask for it. Don’t worry; the police understand the importance of this and will provide a copy for your records.

Notify Your Insurance Company Promptly

Connecticut policies typically require you to notify your insurance company as soon as reasonably possible after a loss. Many insurers now offer online claims portals, but you can also call your agent directly. Be prepared to provide details about what happened, when it occurred, and the extent of the loss.

Being prepared before an emergency can make a significant difference. Take time to review your Connecticut renters’ insurance policy with the help of Bogden Insurance Agency, serving Berlin, CT. Create a basic home inventory and keep your agent’s contact information easily accessible. That way, when the unexpected happens, you’re ready to take action with confidence.

Add-ons for a Condo Policy to Cover Expensive Items

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Bogden Insurance Agency aims to help condo owners in Berlin, CT, better protect their homes. Condo insurance can include the same add-ons, riders, and scheduled items as other types of home insurance. This blog explains what items can receive higher coverage, such as jewelry, business equipment, and hobby equipment, and how to add the rider to a policy.

Rider, Floater, Endorsement, or Scheduled Coverage?

First, let’s clarify that the terms ‘rider,’ ‘floater,’ ‘endorsement,’ and ‘scheduled coverage’ all refer to the same concept. They refer to an optional addition to an insurance policy. A rider, floater, and endorsement all cover a category or group of items. Scheduled coverage refers to a specific item.

Enhanced Coverage for Your Categories of Personal Belongings

When an individual renovates their condo, they might add a rider to cover the built-in items they add, such as bookcases, a wet bar, or a fold-down desk. Some individuals operate a home business, so they add a home business endorsement that covers their business equipment, inventory, and raw materials. Perhaps the condo owner has an expensive hobby, such as 35mm photography, videography, or podcasting. A hobbyist floater covers the equipment they purchased to engage in their hobby.

All of those examples involve a broad type of equipment or materials. What if you have just one thing you want to protect at full value? That’s where scheduled coverage comes in. For example, you’ve just become engaged, and your fiancé has invested the proverbial three months’ salary in the engagement ring. Most home insurance policies of any type limit or cap the personal property coverage to about $1,000 to $2,000. To fully insure the ring that costs roughly $7,000 to $10,000, you’d have your insurance agent add it as scheduled coverage.

Full Coverage for a Single Item

By scheduling the engagement ring in the policy, it receives full coverage at either the replacement value or the agreed-upon value. You pick the valuation method when you schedule the coverage, and it gets written into the policy. If anything ever happened to the ring, whether damage, loss, or theft, you could file a claim for its full value.

Contact Us Today

Email or phone Bogden Insurance Agency today to add coverage to your condo insurance. Fully cover your Berlin, CT, condo and your personal belongings kept inside it with condo coverage from Bogden Insurance Agency.

How Does Umbrella Insurance Protect You Against Paying Overages?

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Accidents, whether involving your vehicle or occurring in your home, can result in extraordinarily high bills. This is where an umbrella insurance policy comes in handy. Umbrella insurance provides additional coverage for other policies, enhancing your overall protection. If you have home and auto insurance, it may be beneficial to consider this type of policy. To learn more about umbrella insurance, contact us at Bogden Insurance Agency in Berlin, CT.

Increased Liability Coverage

Home and auto insurance policies each come with a certain amount of liability coverage, which protects you against accidents. However, problems arise when these policies don’t provide enough coverage to cover the costs of an expensive accident. A serious accident can be highly costly, and if you don’t have sufficient liability coverage, you may still owe money for damages after the insurance company has paid. Umbrella insurance can cover this overage.

Understanding How It Works

When an accident occurs, followed by a stack of bills, your home or auto insurance steps in first and pays for the damages up to the policy’s maximum payout. The umbrella policy then covers any overage beyond this. This prevents you from being stuck with bills after maxing out your liability coverage. Umbrella insurance is an excellent way to add extra liability coverage to your other policies, providing a high level of protection.

Securing Umbrella Insurance in Connecticut

If you want to enhance your liability coverage, contact us at Bogden Insurance Agency in Berlin, CT, to get started.