At Eastern Classic Coverage, we are an independent agent that offers a variety of insurance carriers, coverages, prices, and more. Ultimately, this helps you, our client, tremendously. We dedicate ourselves to finding you and your family the best coverage with the lowest premiums available. We will discuss all your concerns and needs to tailor your policy to you.
Boats, personal watercraft, motor homes, RV’s, and ATV’s are big purchases, and can be dangerous to you and others while in use but if you love being on the water, or seeing the Country in an RV for instance then you know they’re worth it.
With industry-leading features, from many of the top companies in the country to choose from Eastern Classic Coverage can help you protect you properly.
Our Eastern Classic Coverage team can also help and provide information on discounts as you customize your coverage.
What is Umbrella Insurance? Umbrella insurance coverage helps protect you from the costs of covered claims when those costs exceed the limits of your home insurance or auto insurance policies.
An umbrella policy can help cover defense costs when you are being sued for damages to someone else’s property or injuries caused to others in an accident.
What Does Umbrella Insurance Cover? Whether it’s a serious car accident involving extensive medical bills or an incident on your property, you may quickly find yourself responsible for damages that exceed the limits of your auto, homeowners or boat policies.
That’s when having an umbrella insurance policy can provide coverage that goes beyond the limits of your primary coverage. Umbrella insurance can help provide coverage for:
An umbrella insurance policy is a valuable addition to any auto, homeowners or other policy for extended personal liability protection.
Do I Need Flood Insurance?
You may have heard about flood insurance and wondered if you really need it. To help decide whether flood insurance is right for you, it's important to understand a bit about both floods and insurance.
Flood insurance usually is a separate policy designed to help protect your home and belongings if they are damaged in a flood. Standard property insurance policies, such as homeowner’s insurance, typically do not cover flood damage. Floods are the number one natural disaster in the United States, according to the Federal Emergency Management Agency (FEMA). Even a few inches of water can cause costly damage to your home and its contents, FEMA says.
There are many conditions that cause flooding such as spring thaws, heavy rains, hurricanes and the rapid accumulation of rain after a wildfire are just some of them. And, while certain areas are prone to flooding, it can happen anywhere and at any time. Here are some things to consider as you determine whether you should buy a flood insurance policy.
It's important to know that a standard homeowners insurance policy typically does not cover flood damage. And because floods can occur anywhere, you should consider purchasing a separate flood insurance policy.
The price of flood insurance is based on a number of factors, including your property's flood risk, what the policy covers and how much coverage you buy. You can purchase separate coverage (generally up to $250,000) for the structure of your home and for your belongings (up to $100,000), according to FloodSmart.gov. The types of coverage you purchase and limits you set help determine the price of your policy.
WHEN IS FLOOD INSURANCE REQUIRED? If your home falls in a high-risk flood area and you have a mortgage from a federally regulated or insured lender, your lender is legally mandated to require you to have flood insurance, FEMA says. Typically, that's not the case if your home falls in a moderate-to-low risk area. However, a lender may require you to have flood insurance at any time ─ even if the company is not legally mandated to do so, according to FEMA.
What it helps protect: The physical structure of your home and its foundation; plumbing and electrical systems; central air and heating systems; attached bookcases, cabinets and paneling; and a detached garage (other detached structures need their own policy).
How it typically pays out: Replacement cost basis (what it would take to repair the home in today's dollars) for a primary residence and actual cash value (which factors in depreciation) for a vacation home. The Maximum coverage limit: $250,000 under a typical policy
What it helps protect: Clothing, furniture and electronics; curtains; some portable appliances; freezers and the foods within them; and certain valuables, like art (up to a specified limit).
How it typically pays out is by Actual cash value basis (takes depreciation into account). Maximum coverage limit: $100,000
