Umbrella Coverage for Personal Needs and Business

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Brown-Hurst Insurance Agency Inc. provides two types of umbrella insurance to Iowa residents. These are commercial and personal umbrella insurance. Depending on your situation, you may need one or both types. This blog will help you understand these two types of insurance and determine which one or both you need.

Commercial Umbrella Insurance

Some businesses carry a higher liability risk than others. For instance, professionals like doctors, dentists, chiropractors, lawyers, and certain business consultants face potential lawsuits due to malpractice. These professionals often opt for maximum malpractice coverage. However, adding umbrella coverage can ensure the business doesn’t have to pay out of pocket if a lawsuit occurs. Commercial umbrella insurance protects all employees in the business, not just the owner.

Personal Umbrella Insurance

Consider a personal umbrella policy if you engage in high-risk liability personal activities. This could include coaching children or teens in sports or running a home-based hobby or business that involves other people, such as yoga classes or a consultancy where clients visit your home. Individuals who volunteer in community activities, like planning and executing community events, or those who volunteer for political campaigns also need umbrella coverage.

Contact Brown-Hurst Insurance Agency Today

We live in a society where lawsuits are common. Your altruism or the nature of your service business in Iowa can increase the risk of being sued for malpractice. Let Brown-Hurst Insurance Agency Inc. help you protect your financial assets with an umbrella policy.

Contact us today to find out whether you need commercial, personal, or both types of umbrella insurance. If you run a high-liability risk business, such as a law firm, and you volunteer in your community, you likely need both types of insurance.

A Quick Look at the History of Auto Insurance

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Have you ever found yourself intrigued by the history of auto insurance? It’s a fascinating topic. Here’s a quick historical overview. If you’re seeking insurance agents serving Iowa, consider reaching out to Brown-Hurst Insurance Agency Inc. We’re pleased to respond to inquiries and assist you in picking the perfect car insurance policy.

The Evolution of Auto Insurance

Before discussing auto insurance, it’s beneficial to appreciate the long history of insurance in general. Ancient civilizations, for instance, utilized granaries as a form of insurance, storing food for times of drought or disaster. When trade surged in medieval Europe, merchants commonly took out insurance policies for their ships. Then, in 1752, Ben Franklin established a fire insurance policy in Philadelphia.

Thus, insurance predates automobiles. It’s believed that the very first auto insurance policy was granted to Gilbert J. Loomis in Ohio in 1897. Cars were still a novelty then, and as they gained popularity over the decades, so did auto insurance. Coverage started to include protection against theft and fire damage.

In 1925, Connecticut issued financial responsibility laws for motorists, which further propelled the popularity of car insurance. In 1927, Massachusetts became the first state to mandate auto insurance. Despite the vast time gap, New York was the next state to mandate car insurance in 1956. After World War II, cars became integral to American life, leading to more states requiring insurance. By the 1970s, most states had enforced either an auto insurance requirement or financial responsibility law.

Residents of Iowa interested in learning more about auto insurance should contact Brown-Hurst Insurance Agency Inc. We can help you understand the history, present, and future of car insurance policies.

Understanding Iowa Health and Managed Care

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When choosing your health insurance for the year, you must understand a few facts before you begin. One thing you need to know is about managed care and what each kind provides and what it doesn’t. In Iowa, at Brown-Hurst Insurance Agency Inc., we are experienced independent insurance agents who are well-versed in health insurance and can help you sort out the different types and what will provide the coverage you need. 

There are three main types of managed care: HMO, PPO, and POS. Each has pluses and minuses, and knowing what those are will help you choose a policy that will give you the health insurance coverage you need. 

HMO

HMO is short for Health Maintenance Organization. The HMO is the original type of managed care that resulted from an act of Congress in 1973. With an HMO, you must have a primary care physician who manages all your healthcare decisions. They must be within the network of the carrier you choose. You will need to get a referral to visit a specialist, and they must also be in the network. With an HMO, visits outside the network for anything but a severe emergency are not covered. HMOs are the least expensive plans. 

PPO

A PPO is a Preferred Provider Organization. While a network of providers has been contracted with, patients can opt to go outside the network. Higher costs are incurred by going outside, but you can see who you want without getting a referral. 

POS

POS stands for Point of Service, and it combines an HMO and a PPO. You need a primary care doctor, but they don’t need to be in the network. 

Contact our Iowa insurance office at Brown-Hurst Insurance Agency Inc. when you are ready to choose your health insurance. 

Things every new homeowner needs to know about home insurance

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Brown-Hurst Insurance Agency Inc., Servicing Iowa Home Insurance

In the state of Iowa, when you need the services of an independent insurance agent, you can count on our team at Brown-Hurst Insurance Agency Inc. to provide the personalized service you require. Buying a new home can be stressful, and learning all the things you need to know can be challenging. Our agents are here to help you decide what type of coverage you need.

Home Insurance Deductibles

When you file a claim on your home insurance, there will be a deductible. This amount is determined by you when you choose your policy. The higher the deductible, the lower the rate. However, keep in mind that you will pay the deductible on every claim; it is not a yearly deductible.

Limits on Home Insurance Coverage

It may feel safe to have home insurance, but while it does offer a lot of protection, there are quite a few exclusions. Traditional home insurance does not cover flooding, a major concern in many areas. It also does not cover any type of earth movement, including earthquakes, sinkholes, mud, and landslides. Additionally, homeowner neglect, such as infestations from termites and rodents, isn’t covered.

Choosing Your Personal Property Coverage

When it comes to personal property coverage, you have options. You can choose to cover your belongings for what they are worth today (current cash value) or what it would cost to replace them (replacement cost). It is less expensive to choose the current cash value, which accounts for depreciation.

Things That Increase Your Liability

Property features such as a dog, a trampoline, or a pool can increase your liability. Be sure to adjust your coverage amounts accordingly.

Contact the Brown-Hurst Insurance Agency Inc. team in Iowa to discuss your home insurance needs with one of our insurance agents.

What is umbrella insurance and who needs it?

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Umbrella coverage is one of the least understood types of insurance. If you ask many people if they have umbrella insurance, they might look at you in confusion. We can tell you for sure that it is not insurance on your umbrella. In Iowa, you can count on the Brown-Hurst Insurance Agency Inc. to provide you with the information you need to know the value of an umbrella policy. We are a trusted independent insurance agency, and we provide our customers with the most choices when it comes to all types of insurance. 

What is umbrella insurance?

In the simplest terms, umbrella insurance is excess liability coverage. It is an additional layer of liability coverage added to another policy you have. Umbrella is not a stand-alone insurance policy. You already need to have a policy with liability coverage. Liability coverage includes many types of insurance, including home, auto, RV, motorcycle, condo, renters, and boat, to name just a few. Once you have the umbrella policy, it works with all your other eligible policies. 

How does umbrella insurance work?

When you have a liability claim, your primary policy will pay up to its limit first. At that point, the umbrella policy will kick in and pay up to its limit. Most umbrella policies start at a million dollars and go up from there. 

Who can benefit from umbrella insurance? 

In the world that we all live in today, where being sued is all too common, it is safe to say that if you have assets, you can benefit from umbrella insurance. In spite of thoughts to the contrary, umbrella insurance is not just for the rich. It can protect almost everyone. 

Call us at Brown-Hurst Insurance Agency Inc. in Iowa when you have questions or concerns about umbrella insurance. 

How Do I Know if I Have Enough Auto Insurance Coverage?

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You are legally required to have auto insurance in Iowa, but you may not know if you have enough coverage. Most people find they need more than the minimum coverage required by the state to be fully protected. At Brown-Hurst Insurance Agency Inc., we offer auto insurance. 

Liability Coverage

Liability coverage is required by law. Iowa requires you to have 20,000 in bodily injury coverage per person and $40,000 per accident. You are also required to have $15,000 in property damage. Lastly, you’ll need $20,000 in bodily injury coverage per person for uninsured motorists and $40,000 per accident. 

Serious injuries can quickly add up to major medical expenses, which may exceed the minimum requirements. Property damage can also exceed $15,000 per accident. 

Experts recommend that you use your net worth to determine your coverage limits. To determine your net worth, add up your assets, including investments, retirement funds, and income. Then, subtract your debts. If your coverage limits equal your net worth, you are well protected from financial liability. 

Full Coverage 

If you have a lease or loan for your vehicle, you are required to have full coverage insurance. This consists of collision and comprehensive coverage. Collision coverage will pay to repair or replace your vehicle if an accident is your fault. Comprehensive coverage covers non-accident-related damage, including theft and vandalism. 

When considering this coverage, be sure that you choose a deductible that you can manage if an accident occurs. 

Gap Insurance 

If you owe more on your vehicle than it’s worth, you should consider gap insurance. If your vehicle is totaled, this will cover the difference between its value and the loan amount. 

Auto Insurance at Brown-Hurst Insurance Agency Inc.

If you need auto insurance in Iowa, contact us at Brown-Hurst Insurance Agency Inc. We offer auto insurance coverage to meet your needs. 

Does Health Insurance Cover International Travel?

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An overseas trip can be an exciting adventure. But what if you need medical treatment? Even in the safest countries, there’s always at least a slight risk of illness or injury. Will your Iowa health insurance cover international travel, or should you apply for some extra medical coverage? It depends on your current health plan and what care you’re most likely to need.

Overseas Coverage

Many but not all insurance plans cover necessary medical treatment in foreign countries. You’ll need to bring your insurer’s claim form and card. With a few exceptions, standard Medicare doesn’t provide health care outside of the United States. Certain Medicare supplemental plans add overseas coverage, and you can also obtain separate insurance for this purpose.

Treatment Restrictions

Your insurer might restrict overseas medical care, such as only covering emergency treatment. Some Iowans qualify for non-emergency care if they visit specific health providers that their insurance companies have approved. You’ll probably need to seek treatment in the country you visit; standard medical plans rarely cover medical evacuations.

Additional Coverage

If you discover that your existing plan doesn’t offer adequate international coverage, several solutions exist. You could acquire travel health insurance, medical evacuation insurance, or a supplemental Medicare policy. Another option is to switch to a completely different medical plan that covers more types of treatment when you travel abroad.

Brown-Hurst Insurance Agency Inc. can help you choose a policy with suitable international coverage. Our independent agency also offers Medicare supplemental and travel insurance plans from an assortment of trusted insurers. We have offices in Union, Eldora, and Marshalltown, Iowa. To find the right health coverage for your next overseas trip, please call 641-939-3404 to reach Brown-Hurst Insurance Agency Inc.

How Do Home and Condo Insurance Differ?

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Home and condo insurance have many more similarities than differences. Both protect against unfortunate events such as damage to your living space or injuries to others that might occur there. Since a home or condo is generally among your most significant investments, it is critical to have insurance coverage that protects your assets financially. Our Brown-Hurst Insurance Agency Inc. team, serving the State of Iowa, will work with you to structure a policy meeting your needs.

What Does Condo Insurance Cover?

Home and condo insurance have several common elements. Both protect your belongings and liabilities due to the following:

  • accidental injuries and property damages caused by you or household members
  • medical expenses when you or household members are responsible for injuries to others

The difference between home and condo insurance is how they cover the dwelling or building. Home insurance covers freestanding buildings, so home policies cover all parts of the building and grounds. Since condos are shared properties, the association’s insurance covers the common areas and some portions of the building.

Condo associations have master policies that are either "bare walls-in" or "all-in." "Bare walls-in" policies cover the building exterior and common areas, while your condo policy covers everything inside the walls of your condo. 

An "all-in" policy covers the building exterior and common areas as well as your interior walls, appliances, flooring, and lighting. Your condo insurance covers everything the condo master policy doesn’t handle, including all your belongings, so you must be aware of your association’s master policy coverage when acquiring condo insurance.

Working with Brown-Hurst Insurance Agency Inc

Brown-Hurst Insurance Agency Inc., serving Iowa, has deep experience providing home and condo insurance. Call or stop by today to structure a policy to meet your needs.

Umbrella Insurance When You Are Outside the USA

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The Necessity of Umbrella Insurance for Wealthy Families

For Iowa’s affluent families, umbrella insurance provides additional much-needed liability protection. At Brown-Hurst Insurance Agency Inc., we always remind our high-net-worth clients that they equally need this extra coverage when traveling outside the United States. With umbrella insurance, you’re covered for any incidents where you might be liable — even those occurring beyond American borders.

Examples of Incidents Covered by International Umbrella Insurance

Are you curious about what type of mishaps the international umbrella insurance covers? Here are a few examples:

  • Your pet accompanies you overseas and bites someone in a local market.
  • You rent a car and opt for the necessary liability insurance but end up in a collision that surpasses the rental car policy’s limits.
  • Following a bad service experience at a restaurant abroad, you publish a negative review online and face a defamation lawsuit.
  • You collide with another skier on the slopes or hit another boat while sailing, and you’re held accountable.

Umbrella insurance offers financial protection from such unforeseen issues when you’re overseas. It can assist in managing your liability and securing legal representation, handling your extended stay costs, and compensating for any lost income back home while dealing with a liability issue in a foreign country.

Protect Your International and Domestic Liability

It is crucial not to leave your international liability coverage to chance. Before your trip, knowing what measures you can take to handle a claim against you is important. We at Brown-Hurst Insurance Agency Inc. can review your home, auto, and commercial liability coverage to ensure you are protected whether at home in Iowa or abroad.

Why basic auto insurance isn’t always the right choice

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If you are concerned about basic auto insurance coverage in the state of Iowa, you can turn to the team at Brown-Hurst Insurance Agency Inc. As independent insurance agents, we work for our clients, not for the insurance carriers, and we are in a position to provide more chosen and the best possible deals. In Iowa, basic auto insurance is 20/40/15. 

What is basic auto insurance?

In Iowa, basic insurance is liability coverage, which protects other drivers from you and an accident you may be responsible for. It will take care of medical expenses and legal action if you get sued. It also covers damage to personal property like their vehicle or another vehicle or stationary item like a fence or pole. The rates of 20/40/15 are very basic and if you have assets, not enough. 

Do you have an auto loan or lease?

If you have an auto loan or are leasing a vehicle, basic auto insurance won’t be acceptable. You have to cover the vehicle with collision and comprehensive coverage. 

Do you use your car daily?

If you don’t use your vehicle every day to run errands, go to work, or take children to school and appointments, then maybe you can live with basic insurance that will not allow you to repair or replace your vehicle. But if you are like most vehicle owners, you will find it difficult to live without a means of transportation. 

Can you afford to replace or repair your vehicle?

If you can afford to repair your vehicle yourself, replace it if needs be, or if it has no real value, then basic insurance may be the right choice for you. 

Reach Out To Us

Contact our office at Brown-Hurst Insurance Agency Inc. in Iowa, when you have questions or need to discuss your auto insurance coverage.