Trying to understand your Astoria, OR home loan amounts and insurance policy amounts can be difficult, and trying to determine the difference between what your auto loan amounts and insured amounts are can be tricky, too. At Linda Dugan Insurance, we know that you need to understand the difference in order to obtain the right protection. Here’s what you need to know.
Loan Amount VS Insured Amount
“Loan amount" is the amount of money you borrow from the lender and agree to repay. This amount sometimes includes more than just the amount of money you borrow – it can also include closing costs, fees, and points. The amount of your loan can differ significantly from the amount of your insurance coverage, which is the amount of policy coverage.
Why The Difference?
When you compare your loan amount with your insured amount, you need to consider the amount of money paid versus the money you’ll receive in the event of a claim. For example, if you still owe your lender $25,000, but your auto insurance covers the cash value of your vehicle, which is $20,000, the difference between your loan amount and your insured amount is $5,000. If you are involved in a collision and file a claim, you would receive the $20,000 cash value, but you would still owe your lender the full $25,000 due on your loan.
What’s The Solution?
In order to fully protect your loan amount, or you need what is called gap insurance in addition to your standard auto insurance policy, to cover the difference between the amount determined by your policy and the amount you still owe on your loan.
There’s more to buying auto insurance than just buying standard coverage — you need the right amount of coverage for your specific situation. At Linda Dugan Insurance, we’re the Astoria, OR insurance experts. Give us a call today –we can help you choose the right policy for your unique needs.
Most people that drive a vehicle in Astoria, OR are very well aware that they are required by law to carry auto insurance. While you may have an auto insurance policy in place, there is a situation that your coverage could laps if you fail to make a payment or if the policy has expired. If you let your policy lapse, several different things could happen.
Put Yourself at Risk
The biggest issue with allowing your auto insurance to lapse is that you will be putting yourself at significant risk. When you are behind the wheel without auto insurance, you could find yourself in it pretty significant financial trouble if you get into an accident. Even if you don’t have insurance, you still will be responsible for any damage that you caused. Also, if your vehicle is stolen or vandalized without insurance, you will be required to pay for the replacement or repairs out of pocket.
Face Significant Penalties
Another thing that could happen if your auto insurance lapses is you could face some significant penalties. Driving with auto insurance is extremely important. If you are caught driving without active auto insurance, you could face severe financial penalties from law enforcement, your local DMV, and even your auto lender. Because of the risks that come with not having insurance, it is very important that you keep it active at all times.
If your auto insurance is coming to an end, or you want to learn more about your auto insurance options, reaching out to the Linda Dugan Insurance agency would be a very beneficial step. When meeting with the team at Linda Dugan Insurance in Astoria, OR residents will be able to get more information about their insurance requirements and get into a great policy.
You’re cruising through the desert trails of Astoria, OR on your four-wheeler, when out of nowhere comes to a dirt bike doing a wheelie! You stop but not in time, and neither does the dirt bike driver. There’s a crash, though no one is hurt, luckily. Still, there is a significant amount of damage to your four-wheeler and the dirt bike? But you’re not too worried about it. Why? Because your favorite desert toy is insured by Linda Dugan Insurance.
Read on to learn more about why you should ensure your recreational toys with Linda Dugan Insurance.
1. If there is an injury to your or another party while using a recreational vehicle, having insurance will help cover costs.
2. If your desert toy is stolen or vandalized, having insurance could help replace or repair what was stolen or vandalized.
3. If your recreational vehicle causes damage to someone’s property, having insurance will help minimize the financial consequences.
4. Having insurance on all of your desert toys, from dirt bikes to four-wheelers and boats, will give you peace of mind every time you blaze the desert sands or cool off in one of Oregon’s lakes.
Contact our offices for more information on how you can insure your favorite motorized toys!
While floods might not hit Astoria, OR that often, they may still happen. At Linda Dugan Insurance, we’ve seen too many people fail to itemize their damaged items properly. As a result, their claim was denied. Here is how you can avoid complications with this process.
Walk Through Your Home
After a flood strikes, walk through your home and take a look at everywhere that has been damaged. There is a good chance that the flood has affected many rooms in your home. Go through each of them and take a look at every element that has been damaged and takes a deep breath. This part is going to be tough.
Photograph The Damage
Take photos of the damaged areas to ensure that everything is properly documented. While your insurance company is likely to take your word, they may want some evidence. Photographs of important items showcase your damage and make sure your claim is approved.
Detail All The Possessions You’ve Lost
Write down all of the possessions that you lost because of the flood. These can include electronics, pieces of furniture, expensive pieces of electronics, and other elements that have a real value. Write them down, including their estimated price, on a piece of paper as you go through the house.
Break Them Up Into Types
After writing down all of the damaged items in your home, take the time to break them down into categories. These can include things like electronic items, home decoration products, and more. Breaking them down in this way helps your insurance company identify them more easily.
Getting Great Flood Coverage
If you live in Astoria, OR and want flood insurance, contact us at Linda Dugan Insurance. We serve this city and others in the area and can provide you the policy that you need.
When it comes to rest and relaxation, there is nothing better than taking the boat out for a float at a nearby lake or ocean in Astoria, OR. Before you are out enjoying the beautiful weather, though, you’ll definitely want to make sure you have properly planned ahead for a fun-filled day. Here is a quick look at three must-know tips for having a safe and fun time out on the water.
Check the Weather
Before planning your trip to the lake or beach, you should always check your local weather. A few things to watch for are:
- Current wave conditions, including when the next low and high tides are
- Wind trends
- Any warnings current for the area you will be traveling to
Know your Water Safety
Make sure your children know about water safety and they have proper swimming skills. Parents will also want to set guidelines and rules for water play. Two of these rules should always include wearing life jackets when swimming or boating and having a swimming buddy while in the water. Also, when you’re on your way to the beach, this makes for the perfect time for you and your family to discuss how far out in the water the children are allowed.
Essential Things To Pack
To plan the perfect day on the water, it is vital to make sure you have the essentials packed and ready to go. A few things to bring to ensure you and your family are prepared are:
- Bottled water
- Extra clothes
- Beach towels
Protect Your Boat
Also, before you head to the lake or ocean, you’ll want to make sure your boat is properly protected with boat insurance. Contact Linda Dugan Insurance serving the Astoria, OR today to learn more about different types of boat insurance policies.
An RV is not a small or inexpensive item. And if your RV were to sustain damage, it may be a financial burden to you to have to pay for the repairs or any loss that is caused. This is why having the right amount of coverage on your RV insurance is so important. At Linda Dugan Insurance, serving the greater Astoria, OR area, we recommend reviewing your RV insurance every spring, before you take your RV out for the season, to ensure your coverage is ideal. Here are a few of the things you should know.
What Should Be Looked at When Reviewing Your RV Insurance?
As you look at your RV insurance, you want to make sure that your policy limits are still applicable to your RV. Your RV may go up or down in value, based on how much it is driven, used, its condition and changes and repairs you make. As the value changes, your policy may also need to change.
Why Is Spring the Ideal Time to Review Your Policy?
Your policy should be reviewed at least once a year. At the end of the day, it doesn’t matter what time of year you review it, as long as it is consistently done. However, we recommend spring because it is right before most people take their RV out and begin to heavily use it. This ensures the coverage limits are appropriately set for any upcoming adventures or travel you may have.
If you are looking to change your RV insurance policy coverage or are looking for a new plan, Linda Dugan Insurance, serving the greater Astoria, OR area, can help. Contact us today and let us review your policy or provide you with quotes for a new one.
In the unfortunate event that your home and family are subjected to a flood, you’ve got a lot of work ahead of you, but having the right insurance in place can make recovering easier. Whether you need a place to stay while the flood is dissipating, or if you’re faced with costly repairs to your home and property, flood insurance can help. The coverage thresholds and limits vary, making it important to know what your policy covers.
Covered building property under flood insurance policies includes electrical and plumbing systems, water heaters, carpeting and window blinds among many other items. All of this building property would be costly to replace without flood insurance, inhibiting your ability to recover from the disaster.
Insurance can also replace your refrigerator or foundation walls, turning your home back into a habitable place. Personal property items, such as clothing, furniture, portable microwaves and artwork among other items may also be covered. Having these items replaced can make your recovery process easier and faster, which is better for everyone in your family.
Sitting down and discussing coverage options with an insurance specialist at Linda Dugan Insurance in Astoria, OR is an effective way to tailor flood insurance to meet your risk profile. Whether you need additional living expenses or help to supplement medical subscriptions, insurance can help you get back on your feet.
To learn more about flood insurance and how to mitigate the risks posed by this unfortunate event, please contact Linda Dugan Insurance in Astoria, OR. If you live in a flood zone or an area that is prone to having natural disasters, it’s prudent to get flood insurance before the unexpected happens. Flood insurance can help you get your life back on track.
Most of the time, flood insurance is not one of those things that most people think about. After all, Oregon is not far away from any coast, such as the part of the country that was recently hit hard by Harvey. Rain rarely occurs in the desert southwest. However, as Linda Dugan Insurance serving Astoria, OR notes, floods do hit our community from time to time, and, when they do, as happened in 2014, they can be devastating. Our area gets scant rainfall, but occasionally the year’s allotment can happen all at once.
The event of September 8, 2014, hit the area around Phoenix, including Mesa, in the early morning, eventually flooding the Emerald Acres neighborhood when the retention basin overflowed, sending water into nearby streets and eventually into an elementary school and about 200 homes. People were trapped in their homes, watching as the water relentlessly flowed inside. Roads were blocked, and many people found themselves trapped in flooded vehicles. Rain gauges throughout the city measured more than three inches in a six-hour period, with one measuring a mind-numbing 4.6 inches. The cleanup afterward was time-consuming and expensive.
Flood insurance is not covered by a homeowner’s policy and has to be purchased separately. A flood insurance policy has a 30-day waiting period attached to it to prevent people from waiting to buy a policy until just before a rainstorm, Home and business owners who carry flood insurance at least have the peace of mind of knowing that they will be covered if an event like 2014 happens again.
If you have any questions concerning flood insurance, feel free to contact Linda Dugan Insurance serving Astoria, OR.
Umbrella insurance may not be the type of insurance plan that most people recognized, but it certainly has nothing to do with rain or umbrellas. It is actually for people that want extended insurance coverage for limits that are not covered by current insurance policies. If you are considering umbrella insurance and you are from the Astoria, OR, Linda Dugan Insurance may have exactly what you need.
Are you worth it?
In most cases, umbrella insurance is useful for high-net-worth individuals that desire coverage that is much higher than the norm. It is also for people that have the potential to lose a lot of money and assets if there is ever a lawsuit. One must consider what they do with their property, how many people they interact with or do business with, and the specific risks that their lifestyle holds.
What if I don’t have any assets?
If you are in a position that the judge awards a significant amount of money against your favor, it won’t matter what you currently have. A judgment against you may eat your future paychecks and assets until the amount is paid off. This can even affect your non-liquid investments. If you believe that you have a lifestyle in which such a thing is possible, you can still benefit from umbrella insurance.
In any case, the need to have umbrella insurance is such a dynamic matter that must be assessed for each individual. If you live in the Astoria, OR area and you have an interest in umbrella insurance, it is a wise idea to consult with Linda Dugan Insurance.
Employers are obligated by law to provide health insurance for their employees, under certain conditions. In efforts to still save money, they sometimes impose rules on the health insurance policies which can be frustrating to their employers.
One such rule that many employers have is that if the employee is married, and the spouse is eligible for health insurance because of the spouse’s employment, they will refuse to allow the spouse to be on the health insurance they offer. This can be more expensive for the employees, who are forced to purchase separate individual health insurance policies. However, you still need to consider the premiums and how much health care coverage you are likely to use in order to accurately see which will cause you to have the most out-of-pocket expenses.
If you are in Astoria, OR and purchase your health insurance policy through Linda Dugan Insurance, you will discover that you have choices about how you set up your policy. You can choose the plan that best suits your needs and your budget, whether you want a family plan or an individual one. You will also have choices based on what kind of insurance and deductible you want, and how you want to pay.
If you already have an individual health insurance policy and want to add your spouse, you may have to wait until the next open enrollment period even if you have private insurance, depending on what your contract says. Besides open enrollment, you can always add your spouse if you have just gotten married or if your spouse has recently lost health insurance. If you would like to know your options in Astoria, OR, the friendly agents at Linda Dugan Insurance would be happy to help you.