One of the best ways to spend a nice warm day is to be out on the water on your boat. While owning a boat is a lot of fun and gives you a lot of great things to do, there are also a lot of responsibilities that come with owning a boat. Since it is such a significant asset, getting insurance in place could be very beneficial. There are several reasons why you may need to have boat insurance in place whenever you are out on the open water. 

State Requirements

For those that are in the Sandy, UT area, and the rest of the state of Utah, having the minimum boat insurance levels in place is a necessity. The state of Utah will require that you have minimum levels of liability insurance in place including $15,000 in property damage coverage and minimum bodily injury liability coverage of $25,000 per person and $50,000 per incident. These basic requirements will only provide you with liability coverage and will not cover any of your assets. 

Lender Requirements

Many boat buyers today end up financing a portfolio of the purchase through the use of a boat loan. If you have a loan that has a lien on it, you will be required by law to carry the proper insurance required under the loan. This will normally include having collision and comprehensive coverage that will protect your boat in the event it is stolen, damaged in an accident, or vandalized.  

If you have decided to buy a boat and would like to learn more about your insurance needs, The Smith Insurance Group, Inc. can help you get started with a quote and a policy. The Smith Insurance Group, Inc. can help Sandy, UT area residents by answering their questions and helping them get started on a policy.

Shopping for health insurance is a balancing act in trying to find that ideal value for you and your family. Do you have a firm grasp of exactly what your needs are when it comes to health insurance? Knowing the history of your medical bills is a high starting point. Work with us at The Smith Insurance Group, Inc. in Sandy, UT, and we can help you balance deductibles and your health insurance.

Balancing the Deductible and Premium

You need to balance the deductible and the premium when it comes to health insurance. The deductible is the amount of money you can expect to pay out of pocket in any given year. If you have a $1,000 deductible on your policy, you will pay all of your medical bills up to that $1,000 over the effective policy period. Once that is hit, it is then that coinsurance will likely kick in.

If you have a deductible that is as low as $1,000, chances are you will have a higher premium or price you will pay for the health insurance policy.

The Value Point

The idea is to find the value point, and that may be different from one person to the next. You may like the idea of paying more out of pocket in premiums, knowing you will have a lower deductible, and less to pay out later. Vice versa, you may like the idea of paying lower premiums, but more of the medical bills on your own. The value point will differ from one person to the next.

The process of shopping for and buying health insurance should always have the value be top of mind. You need to be sure you are paying premiums and getting coverage that meets your exact needs. You may be buying coverage that is too extensive, for no reason at all. Work with us at The Smith Insurance Group, Inc. in Sandy, UT to find that ideal balance point to give you exactly what you need for health insurance coverage.

Life insurance is not always a type of insurance that people think about getting. However, there are a few times when it does make sense to get life insurance. If you are not sure whether you should have it or not, you can use this guide from The Smith Insurance Group Inc., serving Sandy, UT, to help you make the best decision for you and your family. 

When You Need Life Insurance

• When you are married – If you have a spouse, they may not be able to support themselves on one income if they are used to two. You want to make sure that they are well taken care of financially if anything were to happen to you which is why life insurance is a great option. 
• When you have kids – The same is true if you have children. They rely on your income, and if you were no longer around, you would want them to be taken care of. Of course, this depends on the age of your children because if they are adults and live on their own, it is not as much of a concern. 
• When you have debts – If you have some large debts, you want to be able to take care of them if you are gone instead of leaving them to your family to take care of. 

If you think that life insurance is the right option for you and your family but are not sure how much you need or what kind, be sure to reach out to The Smith Insurance Group Inc., serving Sandy, UT, today. We can help you find the right type of life insurance, the right amount, and we will even make sure that what you choose fits your budget.

We also provide insurance for those in Idaho, Arizona, Nevada, and Montana if you are located in another state. Reach out to our agents for more information.

Commercial insurance plans cover multiple aspects in any business, but most importantly, they may cover liability, damages, and even vehicles. Owning a small or large business will require insurance no matter what, but let’s take a look at what can go wrong if you were operating without any coverage. If you need a reliable package and your business is in the Sandy, UT area or one of the numerous states we serve, take a look at The Smith Insurance Group, Inc. for some unbeatable plans.

Lawsuits by Customers

Operating a business with lot’s of customers coming in and out, you never know what kind of mishaps may happen. Imagine if a customer slips and falls, your business may be financially ruined if you did not have insurance to cover legal costs or damages.

Lawsuits by Employees

Owning a business in which employees are working with dangerous equipment, you should expect the possibility of an accident happening while on the job. Employees that are injured may then sue business owners with the accusations of negligence, such as not providing sufficient safety equipment.

Legal Requirement

Some sort of liability insurance is required by law so that employees are covered in the event of an accident. Your business will be at risk of closing down and facing fines if you are caught without sufficient insurance.

Losing Money

Imagine if something goes wrong in your business and you don’t have insurance to protect you. It is very likely that you will be hit hard by the upfront costs of damages and legal fees when something bad does happen.

Since you are now aware that running a business without sufficient insurance is risky business, you should go out and get a plan that covers your basic needs. If you conduct business in the Sandy, UT area or one of the many other states we conduct business in, consider reaching out to The Smith Insurance Group, Inc.

Most people on the road aren’t considering how their actions are affecting their insurance — they’re simply trying to make it from one place to another as safely as they possibly can. However, the more motorcycle drivers realize what they’re doing, the more likely it is that they’ll have a far safer experience when they’re out and about (and potentially a more palatable policy.)

1. Speeding 

It’s a beautiful feeling to have the wind in your hair and no one in front of you, but it’s also tempting enough to get drivers in trouble when they’re supposed to be following the speed limit. Those in Sandy, UT who want the best possible insurance should be following the rules of the road.

2. Living Situations 

If you live in a particularly crime-ridden area, then your insurance is likely to be higher based on the risks that you face on a daily basis. However, there are things that can be done to help this. Speak with an agent for more details on this section.

3. Preparation 

Insurance companies like The Smith Insurance Group, Inc. take into account what you’re doing to protect your bike. From GPS tracking devices to taking extra motorcycle safety courses, the more you work on yourself as an owner and a driver, the more likely it is you’ll get the policy you want. 

If you have questions about your policy or just want to get a quote for comparison, then call The Smith Insurance Group, Inc. today. We serve those of Sandy, UT who are looking to get a little more coverage and protection in their lives. We can also help you decide how you can best prepare for the future when it comes to your time on the road.

If you are looking for motorcycle insurance outside of Utah, The Smith Insurance Group, Inc. offers policies to the states of Arizona, Idaho, Montana, and Nevada as well.

You probably don’t need coverage if you have a slow, small, inexpensive boat, otherwise, you should look into a boat insurance policy. Even if you have a homeowner’s insurance policy that covers your boat, it probably doesn’t offer much coverage. It’s common for a homeowner’s policy to only cover $1,000 or up to 10% of your home’s insured value. If you have a personal watercraft, jet boat, large sailboat, a yacht, or any type of boat that goes faster than 25 miles per hour, you should consider reaching out to The Smith Insurance Group, Inc., which serves the Sandy, UT area, to discuss your options for boat insurance.

What Does Boat Insurance Cover?

Liability coverage offers financial protection if your boat causes damages to others. According to the Insurance Information Institute, coverage amounts usually range from $15,000 to $300,000.

A boat insurance policy usually covers the following:

• Destruction or damage that was caused by a fire, collision, lighting, vandalism, or theft.
• Any type of damage caused to a boat or permanently attached equipment, such as oars, anchors, or water skis.
• Expenses incurred when someone is hurt on your boat — this coverage is called bodily injury liability.
• Property damage liability coverage pays for damages that were caused by your boat crashing into someone’s property.
• If you let someone else driving your boat with your permission, guest passenger liability coverage pays for the legal expenses in the event of a crash.
• Medical payment coverage pays medical costs for you and the passengers in your boat.

There are some things that a boat insurance policy won’t cover. Don’t expect your policy to pay for the following:

• Regular wear and tear.
• Defective machinery or machinery damage.
• Damage caused by large creatures in the water, such as sharks.
• Any damage caused by insects, mold, animals, or other creatures. However, some policies do offer coverage for damage caused by zebra mussels, but it’s rare.

For more information about creating a boat insurance policy that meets your needs, call The Smith Insurance Group, Inc. An insurance company serving the Sandy, UT area. We also provide policies for Idaho, Arizona, Nevada, and Montana.

Health insurance provides a sense of financial security for those who suffer injuries or become ill. It seems like a challenge to get coverage, but you may have more choices available.

Explore Your Career Options

If your current employer is not providing you with health insurance, then you may be able to find someone who does. Even if you’re not in a high-end career field and all you’re doing is working the cash register at a retail outlet, there are other employment options out there for you. Devote your weekends to looking into other employers that can offer a health benefits package. Do not stay complacent with a job that has no opportunity to grow or gain benefits.

Shop Around

You don’t have to call every single insurance provider in the phone book. You can connect with The Smith Insurance Group, Inc. and we’ll help you acquire excellent coverage that’s in your budget in Sandy, UT, and several surrounding states. Even if you’re paying for your own individual health insurance, it does not have to be prohibitively expensive.

State And Federal Healthcare

If your income is below a certain level, you may qualify for state and federal health benefits through groups like Blue Cross. Head to the dot gov website and see what you can find.

In Sandy, UT you have multiple choices to pick when it comes to health care. From individual insurance policies at The Smith Insurance Group, Inc. to a company policy provided by a new employer, the options are there. You don’t want to be stuck paying out of pocket if something goes wrong, so don’t waste any time, explore your options.

Our agents at The Smith Insurance Group, Inc. are ready to answer your questions and provide residents in Utah, Idaho, Arizona, Nevada, and Montana with quality healthcare policies.

Before you choose commercial insurance, there are a lot of factors to consider. Many of these factors involve thinking about all the many things that could go wrong with your company. The Smith Insurance Group, Inc. knows this can be unpleasant for anyone, let alone an owner who has a hundred other things to do on any given day. One trick to make this process easier is to focus on the benefits of getting an insurance policy that will be there for you when you need it the most. 

Personalized Support

If you pick a carrier who understands your needs, you’re more likely to make better decisions for the length of time you have the business. The right carrier can help you decide on a policy, help you fill out a claim, and provide you with the updates your business needs as it grows.

Better Coverage 

From customers who want to sue your company to an employee who slips in a stray puddle after a nasty storm in Sandy, UT, there are an infinite amount of benefits to finding the right level of coverage and protection. An accident can lead to a string of unfortunate events.

More Customers 

When you take care of your property, people notice. You have the opportunity to build your reputation up as a solid member of the community while assuring your customers they will be well taken care of at the same time. 

A Trusted Partner 

Having a trusted partner is not a benefit to be taken for granted in this day and age. The Smith Insurance Group, Inc. helps the people of Sandy, UT keep their businesses safe, and we’re proud to be of service. Give us a call if you have questions about your policy today. We also serve the states of Utah, Idaho, Arizona, Nevada, and Montana. If you have any questions about the legal differences in your state, reach out to us to learn more.