What Role Do Hail Chasers Play in Insurance Fraud?

After a storm in Frederick, MD, hail chasers, or storm chasers as they are sometimes referred to, will canvass neighborhoods looking for homeowners that seem vulnerable to scams. They go door to door and leave hangers on doorknobs. They will also speak with homeowners and convince them that roofs could have sustained severe damage from the recent storms. They will offer the homeowner a free inspection, or even a replacement for the roof. The word "free" can sometimes entice homeowners, or the hail chasers will use scare tactics to trick the homeowners into agreeing to replace the roof by emphasizing damage and potential problems that can occur. Some scammers may inflict their own damage to the roof to convince homeowners there is a problem. Some of the scammers will use coins to scrape roof shingles off, or create indentations that look like damage by hail.

The homeowners that fall for these schemes will then file home insurance claims for a roof replacement. Insurance companies will use professional techniques to know if the hail damage is real, which include forensic engineers who know hail activity and can detect any intentional damage versus the damage the hail does cause.

If something seems too good to be true it is. Hail may cause damage to one home and not another, so the tactic that hail chasers use of saying that your neighbor got a new roof so you should too won’t hold up. Hail chasers can make big promises and sometimes take the money and run. Never give money and start work without filing a claim with an insurance agent at Lebherz Insurance. If your claim is denied, you could be on the hook for any money that is lost and the work the roofer has done.

Contact Lebherz Insurance, serving Frederick, MD, to get a quote on home insurance. 

4 Mistakes People Make When Buying Small Business Insurance

You could be an expert in the area of your small business but know very little about business insurance. Others downplay the essence of having the appropriate policy cover for their businesses. Due to inadequate knowledge and assumptions, small business owners make a lot of mistakes. Here are some key areas they should be aware.

Buying Cheap Insurance

While business is about maximizing profits and minimizing costs, choosing the cheapest insurance is risky. Cheap premiums mean that your small business is not getting sufficient coverage. Lebherz Insurance is excellent at assisting clients to choose the ideal policies for their business. Choose value and not price when buying a policy cover.

Lacking Cyber Insurance

Almost all businesses, including small-scale, have integrated digital and internet technology. Any business utilizing the cyber world ought to have cyber insurance. Unfortunately, small business owners believe that they can never be targets of cyber crimes because of their small nature. This misconception will cost your business if you do not purchase a policy.

Failing to Adjust the Insurance

Your business may be small, but it could be dynamic. Most businesses in Frederick, MD begin small, but they grow as time passes. Evolvement or any other form of change must be reflected on the insurance policy. Always ensure that the business policy is always covering the present nature of your business. Many business people forget to adjust their policies, and that could cost when making claims.

Failing to read the Policy

Few business people take time to read and understand their policies. Other don’t bother yet it is a requirement from all agencies and insurance companies. Agencies in Frederick, MD, for instance, would not sign an insurance contract before the insured reads the policy document. Ensure that you are purchasing a policy that includes all fundamental areas. Lebherz Insurance welcomes inquiries, contact them for more information.

Why you Need Commercial Insurance for Business Liability in Frederick MD

Business insurance pays for losses that happen during the course of business events. You can choose from many policies that cater to all businesses or niche markets. Business insurance includes legal liability, property damage, and personal injury, among other risks.  Ask your Lebherz Insurance how to best protect your business with the appropriate business insurance. Meanwhile, here’s some information to get you started. 

What is Business Insurance?

Small businesses are particularly at risk since they have smaller reserves and greater personal financial exposure. Are you wondering what is available? Take a look at the different insurance policy other you can consider:

Professional liability protects you from negligence due to mistakes or failure to complete a contract.  There is no one-size-fits-all professional liability coverage. Each industry has its own unique concerns that should be addressed.

Property insurance pays for lost, stolen or damaged items, such as signage, equipment, furniture, and inventory, in a storm, robbery or fire. 
It doesn’t cover earthquakes or floods. 

Home-based businesses need additional insurance since homeowner’s insurance probably won’t cover liability related to your business. 
Homeowner’s policies don’t cover home-based business risks. 

Product liability insurance covers manufacturers who make, sell and distribute their products.  This is crucial in the event of a lawsuit against your products.

Business interruption insurance if a great relief if you have to close a retail store or other location. Ask your agent what’s covered and how it’s relevant to your business.

At Lebherz Insurance, you can contact a representative to set up an appointment to discuss the insurance needs of your Frederick, MO experience.  Stop by for information and to receive a quote for your personal and business insurance needs.

 

 

Is It Time to Update Your Auto Insurance?

Changes in your life or lifestyle could alter your auto insurance coverage. By reviewing your policy annually, you can see if you need to update your coverage to suit your current situation. Updating your auto insurance will ensure you have the protection you need at a price you can afford. Here are a few instances where you should contact your Lebherz Insurance agent in Frederick MD to update your policy.

Your Teen Receives His or Her License

Once your teen has a permanent driver’s license, you should add him or her to your policy. Putting your teen driver on your policy ensures he or she is fully protected as per the coverage you’ve chosen. As a parent, you can have greater confidence in loaning the family car to your teen knowing they have the insurance protection they need.

You Change Locations

Sometimes moving to a new home can help lower your insurance premium. If your new home is close to work or school, you may drive less, reducing your risk of an accident. Putting less mileage on your vehicle annually could also qualify you for a discount on your policy.

Marriage

Marriage can add one or more extra drivers to your household, which will require an update to your auto insurance policy. If your spouse brings a new vehicle to your home, bundling your vehicles with home insurance could save you a bundle on insurance costs.

Change of Cars

If you upgrade your vehicle, you’ll need to update your policy to adjust coverage for your new car. Your insurance rates may go up or down depending on the coverage you choose and the make, model and year of the vehicle you buy.

At Lebherz Insurance, Frederick MD, we can help you choose an auto insurance package suited to your needs at an affordable price.

Term vs. Permanent Life Insurance Policies

Perhaps your Frederick, MD employer provides group life insurance. Maybe you recently experienced a loss and it got you thinking about your family’s future. Lebherz Insurance can help you determine how much life insurance coverage you need and what type. You have a term or permanent life insurance from which to choose.

Term Life Insurance

A term life policy locks in a specific amount of coverage at a fixed premium rate for a limited time span, typically 10, 20, or 30 years. The premiums usually cost less than a permanent policy for the initial term but increase at the end of the term. If you stop paying the premiums at any point, the policy lapses and your beneficiary receives no death benefit if you die.

A term policy makes a good choice if you want to make sure your beneficiary could pay off a financial obligation that would come due during the term period. Example of this includes paying off a home mortgage or providing for a child’s education.

Permanent Life Insurance

A permanent life policy accrues cash value. It remains valid as long as you pay the premiums. Typically, these policies offer a fixed premium that does not increase.

Permanent policies sometimes require a medical exam when obtained. The premiums do not increase though if your health changes after the exam.

A permanent policy makes a good choice as tools for retirement planning or income replacement. Many contain options to add disability coverage. This means that if you become permanently disabled, you’ll have a ready source of cash to handle financial obligations like medical care.

Call Lebherz Insurance in Frederick, MD today to start planning your life insurance coverage. The younger you are when you obtain coverage, the lower your premiums will be and you’ll never be younger than you are today.

When Can You Claim Your Cyber Insurance?

Today, data breaches and other cyber-related crimes are becoming prevalent in Frederick, MD and all over the world. Whenever they occur, data breaches can result in major financial implications. Most people tend to think that only large organizations are prone to cyber hacks which is wrong. Even smaller and medium-sized businesses are at risk of being attacked, and that is why Lebherz Insurance provides cyber insurance to both large and small enterprises. A data breach can damage both your business operations and reputation in Frederick, MD. Cyber insurance is always a smart solution to any business.

When Can You File a Claim?

You can file a cyber insurance claim whenever your data is compromised or stolen. However, you will have to prove to your insurance provider that the breach was not as a result of your negligence. For, instance, if the data loss was due to activities of an antivirus, then you’ll have to prove that the affected computer had an updated copy of antivirus at the time the breach occurred. The primary purpose of cyber insurance is to help you regain quick control of your identity and handle any financial repercussions of the data loss or breach without hurting your business. The steps involved in filing a cyber insurance claim include;

  • Call your insurance provider: This is the first thing that you should do when your data is compromised. Contact Lebherz Insurance or your insurance agent and explains the details of what happened.
  • Prepare for the investigation. Your insurance provider will launch an investigation into your claim to determine the extent of the damage.
  • Work with forensic data analysts. Forensic Analysts are experts in detecting and handling data breaches. Consider calling in a forensic analyst to help you with the investigation.
  • Stick to the response plan. A response plan is a detailed overview outlining how you should handle a data breach. Your insurance agent should provide details about the response plan.

Is your business not yet covered by data breach and loss? Contact us today for a cyber insurance free quote.

Umbrella Insurance for Federal Employees

What is Umbrella Insurance? Let’s first begin by defining what umbrella insurance is NOT.

Umbrella Insurance is not:

  • A policy that protects the insured from a water or rain event, or,
  • A policy that replaces a lost or damaged Umbrella

Umbrella insurance provides additional coverage beyond the limits of the insurance policies currently maintained. It is a smart choice for those who wish to fully protect themselves.

Umbrella Insurance for Federal Employees

As a federal employee, one can opt for an Umbrella Insurance policy. These specific insurance policies are available in and around the Frederick, MD area by the professionals at Lebherz Insurance.

An ‘insured’, in accordance with the federal government’s somewhat broad definition, includes

  • Children at college
  • Military service members and
  • Domestic partners

Facts Regarding Umbrella Insurance for Federal Employees

  • A Federal Employee’s Umbrella Liability Insurance includes the cost to defend the insured.
  • There are some policies that offer an optional coverage (up to $1 million) that protects against a federal employee against Uninsured (UM) /Underinsured motorists (UIM).
  • UIM insurance provides bodily injury protection should you be harmed in an automobile accident where the other is legally responsible but had:
    • NO liability insurance
    • Failed to post a bond.
  • The coverage also provides protection if you are injured as a result of a hit-and-run accident. Additional benefits include:
    • Coverage for another driver, if, they have your permission and the underlying policy provisions find this acceptable.  
    • Coverage for injury to domestic employees as long as the underlying insurance policy applies.
    • Coverage for Directors & Officers of any not-for-profit organization as long as the underlying insurance policy applies.

Visit our Lebherz Insurance’s easy-to-use website for many useful tips and industry insight. Or give contact us by email. Remember, Lebherz Insurance serves the Frederick, MD area. 

Does Your Renter’s Insurance Cover the Cost of a Hotel If Your Apartment is Damaged?

In Frederick, MD, the agents of Lebherz Insurance offer several policies for both renters and homeowners who want to make sure their property is fully protected. Renter’s insurance is similar to a homeowner’s policy except that it doesn’t cover the dwelling or any real estate. A renter’s policy covers personal possessions and, in most cases, accommodations if rental is uninhabitable.

What Happens When Your Living Area Is Damaged?

If your apartment is damaged, the first step is to notify your insurance agent. While the owner of the property is assessing the damage to the dwelling, your agent will need to evaluate any damages you may have incurred. At that time they will discuss the possible need for other accommodations if you cannot stay in your apartment or home. Although some policies may limit the amount of time you spend in a hotel, they normally allow enough time for repairs to be made or find another permanent residence.

When Are Other Accommodations Necessary?

Other accommodations are necessary when your rental is damaged to the point where it is unsafe for you and your family to stay. Holes that expose the interior of the home to outside weather conditions, no water, no electrical, extensive fire or smoke damage or defective appliances are just a few of the things that can cause extensive damage inside the home. 

If you live in Frederick, MD and want to review your renter’s insurance policy, call the agents of Lebherz Insurance. They can answer your questions and make sure policy is up to date and offers the coverage you need to remain fully protected at all times. 

Top Reasons to Add Umbrella Insurance to Your Home Insurance

Umbrella insurance is a form of insurance that supplements a regular home insurance policy. Essentially, it fills in the gaps. Adding an umbrella insurance policy to your already existing home policy will ensure your financial security and the security of your property and belongings in all situations.

Here are two specific reasons why it’s a great idea to have extra umbrella insurance on top of your home insurance plan.

1. It can protect against libel and slander.

Today more than ever, lawsuits are pretty being brought against individuals for posting certain things on social media sites like Facebook. It is indeed possible for someone to sue you because of something you wrote — referencing someone else — that can be construed as libel or saying something that can be construed as slander. Most standard home insurance policies do not protect against libel or slander, but an umbrella policy can protect you in these situations.

2. It can protect you from someone suing you for being injured on your property.

In many situations, someone may come to your house invited or uninvited and be seriously injured. Unfortunately, this often opens up a lawsuit in which the injured party sues you because they were injured on your property. Umbrella insurance can protect against this.

Contact Lebherz Insurance for More Information

If you are a Frederick, MD resident and are looking for an umbrella insurance policy to add to your home insurance coverage, Lebherz Insurance can help! We serve the Frederick, MD area and would gladly help you find the perfect umbrella insurance to add coverage to your home policy. To find out more about how we can help and to see the policies we offer, give us a call today, or stop into our nearest location. We look forward to hearing from you!

Buying Life Insurance for Seniors and Children

Do you think life insurance is only for working adults with dependents? While there are some differences, policies for seniors and children can be an important financial maneuver.

Policies for Senior Citizens

The primary purpose of a life insurance policy is to protect the financial assets you’ve worked so hard to accumulate and ensure that your dependents are able to enjoy them after you’re gone. Even after the age of 50, buying life insurance is an intelligent move for many reasons.

  • Insurance policies can help loved ones pay for your burial expenses.
  • A valid policy is a tax-free way to transfer some of your wealth to dependents.
  • A business life insurance plan will protect your business partners.

Lebherz Insurance can help seniors in the Frederick, MD area find a life insurance policy that will protect their property far into their golden years.

Policies for Children

It may seem slightly morbid to buy life insurance for children. However, young people can benefit from an insurance policy throughout their lives.

  • Parents can buy a whole life insurance policy for their children that builds cash value over time. The child can access this cash when they are older to help pay for education or other expenses.
  • While the odds of a child dying prematurely are notably slim, it can happen. A life insurance policy pays for burial, medical expenses, counseling, and time off from work for grieving parents.
  • If a child contracts an illness, disease, or disability, they may not qualify for most life insurance policies. Buying a policy while they’re still young guarantees that they will always have access.

Lebherz Insurance offers a variety of life insurance policies for every stage of life. Come visit our specialists in the Frederick, MD area to get started protecting what you value most.