What is covered by my condo insurance?

Living in a condo is a lot like living in an apartment, except that you have a property interest. There are multiple insurance policies protecting your University Place, WA dwelling. One is carried by the homeowners association, and the other is carried by individual unit owners. It is important to understand how important it is to carry condo insurance and what is actually covered under your policy. MTC Insurance Agency Group can help with that.

The HOA Insurance

Your homeowners’ association carries insurance on the common areas, such as hallways, playgrounds, or pools. Individual condominiums are either part of a complex or part of a building that holds separate units. The HOA insurance will protect the building itself and is usually paid for through HOA dues.

Your Condo Insurance

Your individual condo insurance protects everything within your walls from certain named events, such as fire, burglary, vandalism, or storms. This includes:

  • Your rugs, carpeting, and window treatments
  • All small and large appliances
  • Furniture
  • Electronics, such as TVs, phones stereos, and computers
  • Clothing
  • Miscellaneous items like books 

There are exceptions about what may be covered, and you may need extra protection for some items, such as expensive musical instruments, jewelry, and fine artwork.

Liability Insurance

As part of your condo insurance, you also have liability protection. That means that, for instance, if someone is injured while visiting you, your condo insurance protects you in case of a lawsuit. That includes legal assistance. If someone is injured in a common area, the HOA insurance should cover it.

Reach Out To Us

If you have any questions about University Place, WA condo insurance, or if you would like to find the policy that best suits your needs, please feel free to call MTC Insurance Agency Group today.

How Collision Coverage Works

When you get auto insurance, it will come with a number of different types of coverage. There are types of coverage that are required by the state, and then there are others that aren’t required but that are very much needed. Collision coverage is a type that isn’t required, but no driver should be without it. When you need auto insurance, call us at MTC Insurance Agency Group in University Place, WA to find out more and get started. 

Collision Coverage

When you use your liability coverage in your auto insurance policy, it pays for the damages that happen to the other people in the accident. It doesn’t cover your own damages. Bodily injury liability pays for the medical bills of the other parties. Property damage liability pays for the damage that was done to their vehicle, building, or other property. Both of these have to be in place in case you cause an accident. However, if you only have these overage types, the damage to your own vehicle won’t be covered if you cause an accident. That’s why there’s collision coverage. It pays for the damage to your vehicle so that you can get the repairs you need. 

Protect Yourself

If you don’t have this type of auto coverage, it could mean serious financial difficulties after an accident. When you’re judged to be at fault, you wouldn’t have any coverage to take care of those bills and would have to pay them all yourself. If your vehicle is totaled, you may not be able to replace the vehicle because of the cost. It’s always safer to have collision coverage just in case you’re the cause of an accident. 

Get Auto Coverage

For collision coverage and any other type of auto coverage, you can call us at MTC Insurance Agency Group in University Place, WA. 

Does your home business require commercial insurance?

Basing your business in your home is becoming more and more common. It allows you to start a business without having to invest in a building or a rental location. You may already have an office at home, and it can be converted to business use inexpensively. At MTC Insurance Agency Group in University Place, WA, we understand the risks that all small businesses face and those that are home-based need to have the right type of commercial insurance. 

Commercial Insurance Coverage Options

Commercial property insurance

When your home is the property where your business is located, you may assume that your home property insurance will protect you. That is not likely to be the case. Commercial property insurance also covers the things you use for business and home content insurance will not cover your business content. It is very important to protect your business assets, and it takes commercial property insurance to do that. 

Commercial liability insurance

If you are having customers or clients visit, you are your home you are taking a major risk. If they are injured, they may decide to sue you. If they do, your home insurance liability will not cover you. It doesn’t cover those visiting for business. You could also be sued by a client who is unhappy with the product or service you provided. You need commercial liability insurance to protect you. 

Commercial auto insurance

If you need to deliver products or use your personal vehicle for business purposes, it is necessary that you have commercial auto coverage since personal auto insurance does not protect you if your vehicle is being used for business. 

Consult With Us

Contact MTC Insurance Agency Group in University Place, WA when you need our help with your commercial insurance needs. We can recommend the kinds of coverage that best fit your business. 

Does Your Homeowners Policy Provide the Liability Protection You Need?

Homeowners in University Place, WA and the surrounding communities can turn to the MTC Insurance Agency Group for all of their insurance needs. We’re proud to serve our community and help families like yours protect their homes. Now is an ideal time to see if you have the liability protection you need.

Liability Coverage Protects Your Family’s Future

Many people think of liability insurance as something that business owners need. While this is true, liability protection is important to homeowners too. For example, if someone slips on your property and injures themselves, your liability coverage could cover any damages. The same is true of some mishaps that occur when you’re having work done on your property. 

Mistakes and accidents happen, and no one wants to have to disrupt their family’s future to cover damages that occur. Your liability protection will ensure that you’re protected should a covered event occur on your property. It’s always best to avoid lawsuits whenever possible, but in today’s litigious world, they often occur.

If you find yourself faced with a situation that might end up in a lawsuit, you’ll be glad to have the liability protection you need. Your local agent can help you review your current policy to ensure it has the coverage that you need. In the event that it doesn’t, they’ll review available options with you. 

Call or stop by today!

MTC Insurance Agency Group is here to provide the residents of University Place, WA with the guidance they need when it comes to choosing the right homeowners’ policies. If you’re not sure if you have the protection you and your family need, call or stop by to talk with one of our friendly local agents. We look forward to seeing you soon!

Protect Your Digital Assets from Theft with Cyber Insurance in Washington

Have you been wondering how to protect yourself and your digital assets from hacking or theft? If so, you’re among the millions of Americans who use cell phones, the internet, and internet-connected devices to transmit secure data that may be at risk of having their personal information breached.

The insurance pros at MTC Insurance Agency Group in University Place, WA can help you choose the best cyber insurance options to protect your online identity and digital assets from theft. 

Why You Need Cyber Insurance 

Since we’re all "always connected", having cyber insurance is one of the best ways to help shield and safeguard your personal and digital data from hacking or theft. 

Licensed insurance agents can explain the benefits of having cyber insurance as part of your risk management strategy.

  • Cyber Insurance Protections
  • Data Breaches 
  • Network Intrusions
  • Ransomware Attacks
  • Cybercrime

What is cybercrime and why do I need insurance to protect myself or my business against it?

Cybercrime refers to criminal activities that happen on the internet. These digital crimes are carried out using computer networks, technology, and internet-connected devices to target or impersonate businesses and individuals on the internet. 

What are digital assets?

Digital assets encompass all of your resources that exist in a digital or electronic format on the internet. Examples of common digital assets include the following:

Digital Media – Photos, videos, multimedia content

Intellectual Property – Copyrighted software, code, e-books, artworks, patents, and trademarks. 

Online Accounts– Email accounts, social media accounts, personal profiles, online banking accounts, cryptocurrency wallets, and digital cloud storage accounts. 

We Can Help!

When you’re ready to take the next step and safeguard your digital assets in University Place, WA, contact the cyber insurance experts at MTC Insurance Agency Group for a quote! 

Tips to keep your classic car running like new

Classic cars can bring a unique sense of style and nostalgia to your life, especially here in the University Place, WA area, but they need a little extra TLC to keep running like new. Here are our top 5 tips at MTC Insurance Agency Group to keep your classic car running smoothly.

Tips to keep your classic car running like new

1. Regular maintenance

Keeping up with regular oil changes and preventive maintenance is key for any car, especially older models. Stick to the manufacturer’s recommended service schedule to ensure your classic car remains in good condition. 

2. Pay attention to the engine

Make sure you check the engine coolant levels, inspect the hoses, belts, and spark plugs on a regular basis and get any necessary repairs done quickly before any major problems arise. 

3. Keep it clean

Regular cleaning will help preserve your car’s paint job and reduce corrosion from dirt build-up. Make sure you use the right cleaning products when washing your car so as not to damage its original finish. 

4. Invest in quality parts

It’s important that you invest in high-quality replacement parts if you ever need them for your classic car, as inferior parts can be more prone to wear and tear or even break down more quickly than top-tier components. 

5. Try garaging it

If possible, try parking your classic car in a garage or other covered area whenever possible, as this will help protect it from weathering agents such as rain and wind-borne debris which can do significant damage over time.  

Reach Out To Us

By following these simple tips, you’ll be able to keep your classic car running like new for many years! For more tips, call us at MTC Insurance Agency Group today. We are proud to serve the University Place, WA area.

Combining Umbrella Insurance with Other Policies: Tips for Maximizing Your Coverage

Maximizing your coverage and ensuring comprehensive protection are essential goals for any insurance plan. One effective way to achieve this is by combining umbrella insurance with your other policies, such as homeowners, auto, and renters insurance. This approach offers increased protection, potential savings, and simplified management, making it an attractive option for those looking to enhance their insurance portfolio in University Place, WA.

Why Combine Umbrella Insurance with Other Policies?

Umbrella insurance is a type of liability coverage that extends beyond the limits of your primary policies, such as homeowners, auto, and renters insurance. By combining umbrella insurance with your existing policies, you can benefit from:

Increased Protection:

Umbrella insurance offers an additional layer of protection, ensuring you’re covered in case of a significant liability claim or lawsuit that exceeds your primary policy limits.

Potential Savings:

Combining policies under a single insurer may result in discounts and better rates, saving you money in the long run.

Simplified Management:

Having all your policies with one insurance provider makes it easier to manage your coverage and communicate with your agent.

Tips for Combining Umbrella Insurance and Other Policies

Review Your Current Coverage:

Assess your existing policies to identify any gaps or overlaps in coverage. This will help you determine if umbrella insurance is a suitable addition to your insurance portfolio.

Choose a Reputable Insurer:

Work with a trusted provider like MTC Insurance Agency Group to ensure you receive quality coverage and excellent customer service.

Discuss Your Needs with Your Agent:

Communicate your goals and concerns with your insurance agent to help them tailor a coverage solution that meets your unique needs.

We Are Here To Help!

Combining umbrella insurance with your other policies can offer increased protection and potential savings. At MTC Insurance Agency Group in University Place, WA, we’re dedicated to providing customized coverage solutions that work for you. Contact us today to discuss your insurance needs and explore how umbrella insurance can help maximize your coverage.

Why You Need Condo Insurance

When you own a condo, it’s important to make sure it’s well protected. If you don’t have condo insurance, it’s time to get it. Virtually all condo boards require owners to have condo insurance, and lenders will require it as well. If you’re about to buy a condo, it’s time to set up your condo insurance so that it takes effect as soon as you buy it. When you need condo insurance, call us at MTC Insurance Agency Group in University Place, WA.

Protection for Your Belongings

There are different types of coverage that you get with condo insurance. One of these is protection for your belongings that are inside your condo. This coverage protects you against a wide range of events that can happen and destroy your things. The exact coverage will be spelled out by the policy, but it generally includes certain disasters, accidents, calamities, etc. When one of these happens and ruins your belongings, the policy can pay for you to replace those items and get back to your regular life. It’s never a good idea to go without this coverage with how expensive it would be to replace your things. 

Liability Protection

Another way that this insurance covers you is by covering you for liability. As the owner of your condo, you’re responsible for what happens there. If someone came to your home and was injured in an accident, you would be responsible for paying all of their medical bills. You may even have to pay for other expenses like lost wages. With condo insurance, those expenses are paid for you. It’s always a good idea to have this coverage. 

Get Your Condo Insurance Policy

When you need condo insurance for your home, call us at MTC Insurance Agency Group in University Place, WA to find out more. 

Why Should You Compare Quotes Before Selecting an Auto Insurance Policy?

Here at MTC Insurance Agency Group, providing residents in the greater University, WA area with insurance products, we want to help answer any questions you may have related to insurance. Getting answers to the questions you may have is one of the best ways to help you feel comfortable with the decisions you make in regard to insurance products.  

Why is it important to compare various quotes before selecting an auto insurance policy:

Quotes Help You to See The Different Types of Policies Available

One of the reasons why it is so important to compare quotes before selecting an auto insurance policy is because obtaining quotes helps you to see the different types of policies that are out there, including the different coverage levels and the different deductible choices that you have. Until you obtain a quote for auto insurance, you may not realize all of the choices and decisions you can make when it comes to auto insurance. 

Quotes Help You to See What a Fair Price Range Is For Auto Insurance Policies

The other reason why you should compare quotes before selecting an auto insurance policy is that quotes help you to see what a fair and reasonable price range is for the type of auto insurance you need. The cheapest policy is not always the best, but by comparing pricing, you can get an idea of what is fair and reasonable. 

Reach Out To Us

Auto insurance policies are not all the same, and there are many different policies with a variety of different limits available. Here at MTC Insurance Agency Group, serving the University, WA area, we are committed to helping you find the policy that is right for your needs. Reach out to us today and let’s work together to find you the policy you need. 

What Are the 4 Most Common Types of Commercial Insurance?

Commercial insurance covers businesses against losses associated with liability lawsuits and damage to property, among other risk factors. Business owners in the University Place, WA area have relied on MTC Insurance Agency Group to connect them with the best commercial insurance for years.

What Is Commercial Insurance?

This cover monetarily protects your enterprise from liabilities such as lawsuits, worker or client injuries, theft or damage to property, and other unforeseen circumstances.

The Four Most Common Types of Commercial Insurance

  • Commercial general liability insurance. This is usually the initial kind of insurance businesses purchase as it encompasses the most common hazards, such as damage to property, physical injury, and medical expenses. When you are liable for third-party harm or property damage both on and off the premises, you should have commercial general liability coverage.
  • Property insurance. Property acquisition often comes with equipment investment too. This may be in the form of tools, furniture, computers, and other items. Commercial property insurance covers items such as those as well as inventory. Property insurance is quite essential as it provides monetary compensation to legal occupants of premises with its content when covered circumstances occur.
  • Business interruption insurance. When your business operations are interrupted by natural disasters, theft, or property damage, you will likely lose revenue. Business interruption insurance covers your enterprise’s past property insurance. Additionally, it encompasses scenarios that may hinder your earning ability. This cover is especially useful as it seeks to return your enterprise to the financial position it was in had no loss occurred.
  • Cyber liability insurance. This protects both you and your clients in the event of an online attack or malfunction. Keep in mind that this depends on the scope of your policy. It extends a mix of coverage options to aid in the protection of a company from compromising data and other cyber security vulnerabilities.

Give Us A Call

To find out more about commercial insurance and which policies suit you, contact MTC Insurance Agency Group in University Place, WA, and get your enterprise protected today.