Month: December 2017

There are some key differences between owning a condo and a home. These differences influence the way you should approach purchasing condo or home insurance. If you have specific questions, or just want to talk to a knowledgeable agent, contact The Insurance Shop USA, which serves Sandpoint, ID, for more information on this topic.

First, it’s important to know exactly what you’re required to insure when you have a house versus a condo. When you own a condo, you’re usually only responsible for the interior part of your residence. Everything else, such as the common areas, yard, and condo building structure, are often insured by your homeowner’s association (HOA). When you have a home, you’re generally responsible for everything inside your house and outside on the land.

Differences in Dwelling Coverage

If you’re getting a condo policy, you probably only need enough dwelling protection to rebuild the interior of your condo. For a homeowner, dwelling coverage should be able to cover the cost of rebuilding your house and other parts of your property, such as sheds, fences, and carports.

Differences in Liability Coverage

A condo owner may be responsible if visitors are injured inside the unit. However, if someone is hurt at a building common area, such as the community pool or lobby, your homeowner association’s insurance is generally responsible. Homeowners usually need more liability coverage than a condo owner, as they’re responsible for injuries that happen outside the home. As a homeowner, you’re liable if someone gets hurt running around on your patio or in the pool or trampoline in your backyard.

Differences in Personal Property Coverage

Condo owners usually only have to consider their personal belongings when determining how much insurance they need. This is typically the primary concern for a condo owner shopping for insurance. A homeowner also has to get enough protection to insure all their important belongings, however, there are a lot of other factors for a homeowner to consider.

Whether you’re a homeowner or a condo owner, you can get a quote or have questions answered by calling The Insurance Shop USA, which serves Sandpoint, ID.

The farms around Sandpoint, ID provide the world with potatoes, wheat, onions, corn, and a variety of other nourishing crops. These are often small family operations, driven by the love of the soil and tradition. When times get hard, however, who can these farmers turn to for help?

What is Farm Liability Insurance?

Farm liability policies are designed to protect farmers from financial loss. It covers your land, fields, and produce. Buildings, equipment, and other structures on the property may not be included in these policies. The experts at the Insurance Shop USA can tell you more about the coverages you need to fully protect your livelihood.

The purpose of a farm liability policy is to protect farmers from financial loss that results from accidents on their property. If a farmer is found liable for physical injury or property loss suffered by a visitor, this policy helps cover their costs.

Why You Need Farm Liability Insurance

The natural resources that growers depend on are shared by everyone in the area. If runoff from your farm pollutes local water sources or animal waste creates fumes that compromise your neighbors’ ability to use their own land in some way, you could be found liable for their loss or damage. Other policies may not cover the full costs of court-ordered restitution.

If you operate a farm that uses experimental methods, unconventional fertilizers, or your crops are just different from what is grown on adjacent lands, you need a farm liability policy to protect your investment. Teaching farms and other operations that allow visitors also benefit from the extra protection. If someone is injured or gets sick from contact with something on your land, the farm liability coverage will pay for their medical coverage and any other court-ordered costs.

The Insurance Shop USA helps farm owners in the Sandpoint, ID area keep their lands safe from all types of threats and potential problems. Contact our representatives to learn more about farm liability insurance.