Floods are the most common result to extreme weather conditions in the United States, and they often result in severe damage to an individual’s personal property. In 1968, the federal government created flood insurance to assist those property owners in recovering from the devastation to their home after a major storm. 

Now, flood insurance is available to those homeowners who live in a flood-prone areas. If you’re considering taking a mortgage on property located in a high-risk zone like Oro Valley, AZ, the lender may require you to purchase some form of flood insurance.

What’s Flood Damage

To better understand how flood insurance works, you need to speak with Old Pueblo Insurance on what qualifies as flood damage. A standard homeowner insurance policy doesn’t cover flood damage at all, but it will cover for water damage caused by a bursting pipe or broken faucet that was inside the home. However, the policy may cover the damages sustained from a rainstorm, but if you’re home is filled with water from a rising lake, river or the ocean, then there is no coverage provided for your loss. Thus, your home insurance policy will not pay for the repairs needed from that flood. 

What Is and Isn’t Covered in a Flood Insurance Policy

It’s important to know what is and isn’t covered by a flood insurance policy. Often, it will consist of two separate policies: one that covers the home and another for your personal property. To better simplify this, the contents inside the home or building aren’t covered in a standard flood insurance policy. You will need to add a separate property flood insurance policy to your existing agreement. 

Usually, there is a waiting period between the purchase date and when the flood insurance policy goes into effect. In most cases, the waiting period can last 30 days following the purchase of the coverage. This time might be shortened if your property sits on burned land as post-wildfire conditions could put your home in danger if flooding occurs due to torrential rainstorms that may follow. 

Boat owners in Oro Valley, AZ likely store their boat during the winter months without buying an insurance policy to protect their vessel. This mistake is one that we at Old Pueblo Insurance hope to correct by providing excellent coverage for boats of all types in this area.

Cold Weather May Trigger Boat Issues

Although winters in Arizona may not be as extreme as other parts of the world, temperatures can still get pretty low during the coldest winter months. Unfortunately, this situation means that a boat owner may park their vessel in storage during the most damaging times of the year.

When cold weather occurs in and around a boat, issues with freezing may occur, especially if the boat owner isn’t used to such protection measures. As a result, their boat may end up severely damaged and unable to run without them having any insurance to pray for these repairs.

Boat Coverage Protects Against Winter Damage

When a boat owner stores their boat during the winter, they may think that their homeowner’s insurance policy protects it from damage. Unfortunately, that misunderstanding is simply not the case. While some policies may cover a boat, others won’t help at all.

However, high-quality boat insurance policies are designed to protect a boat from any type of serious damage. For example, a stored boat damaged by cold weather during the winter can be repaired using boating insurance. As a result, boat owners should insure their vessels all year round.

Choose a Policy for Your Vessel

So even if you don’t expect a cold winter in Oro Valley, AZ this year, please contact us at Old Pueblo Insurance to get the boating insurance you need to protect your vessel. You won’t regret taking the step to fully protect your investment and to keep it from serious damage.

Umbrella insurance is for catastrophic losses and could save you from financial ruin in some situations.  Not everyone needs such a policy. Retired people, especially those with a large amount of money or possessions, are the ones that would need this the most. The Old Pueblo Insurance agency in Oro Valley, AZ can help you sort through the insurance questions and find the policy you need.

If you have basic homeowners insurance you may think you have all you need. Renters or people living in condos also have specific types of insurance for those situations. In most cases, those policies cover loses, and are enough for anyone. However, those policies have limits on how much they will pay. If your policy has a $300,000 limit, that is all it will pay. If you have a million dollar loss in a lawsuit, you will have to pay $700,000. That is where an umbrella policy can save you. Umbrella policies are not terribly expensive, usually less than a homeowners policy.

The umbrella policy has a much higher limit for liability.  If someone gets hurt, or several people get hurt, on your property you could be facing a big lawsuit. Or if you are in an accident, you could face a lawsuit with the possibility of a very large settlement being awarded. This could wipe out your savings very quickly. An umbrella policy would cover you in that situation. The umbrella policy can also cover you for libel and other types of damage you could cause. 

Contact the Old Pueblo Insurance company in Oro Valley, AZ to find out if an umbrella policy is something you should have in addition to your regular insurance.  Contact us by phone, or visit our website and use our tool to get information about insurance and pricing. 

Motorcycle enthusiasts in the greater Oro Valley, AZ area often ask the team at Old Pueblo Insurance if a motorcycle policy is required in the state of Arizona. Liability coverage is a requirement for all motor vehicles that are operated in our state. This includes both trucks, cars, SUVs, RVs, and motorcycles.

A motorcycle base policy will include liability coverage in the event that you suffer damage or destruction to your vehicle or if you cause damage to another person’s property. Some policies may also provide coverage for medical expenses and injury to yourself, your passenger, and anyone with whom you are involved in an accident.

Different types of motorcycle coverage

You can meet the state insurance minimum requirements with a base policy that provides the liability coverage that you need. Additionally, you can opt to go with a policy that provides even more protection for yourself and your passengers. 

• Protect your bike – protect your motorcycle in the event of theft or damage
• Protect yourself and your passengers – additional coverage can often protect you from having to be responsible for legal or medical expenses in the event of an accident
• Protect your financial and medical health in the event of an accident – if there is a judgment against you following an accident or a mishap, you can protect your financial health with coverage for certain medical expenses

Want to make sure that your motorcycle policy provides the level of coverage that you need? Contact the team at Old Pueblo Insurance to schedule a policy review. We can also help if you are planning on purchasing your first bike and want to have the right coverage in place before you get out on the road in the greater Oro Valley, AZ area.

Getting life insurance when you are young and healthy has its benefits in Oro Valley, AZ. An agent at Old Pueblo Insurance can help get you started with the process.

When you are young, life insurance can be much cheaper. When a life insurance company is considering the applicant, they want the least amount of risk. When buying life insurance, the ultimate risk is the death of the applicant. While life insurance policies can be canceled at any time, the longer an individual holds onto a policy, the better it is for the insurance company. The younger you are when you apply, the less likely the company is going to have to pay out on a claim, which means that premiums are much cheaper at a younger age. Premiums tend to rise as you get older because there is a higher risk of death.

Another factor that insurance agencies use to determine risk is health. When you are healthier, you are less likely to die and you can also get better rates on life insurance. Getting life insurance before you develop any health problems will help ensure that you can actually get it when there is a need.

By getting health insurance when it’s cheaper because you are young and healthy, once you settle down with a family you won’t have to face higher premiums. It’s not just about replacing lost income for your future family, either. It can also be used to pay off debts. Many in the younger generation have huge student loan debt, and while federal student loans would be canceled after death, private student loans that parents cosigned for would have to be paid back by the surviving cosigner. If you pass away, the lender will expect them to pay. It can also be used to pay for any funeral expenses, so you wouldn’t have to burden loved ones with that cost.

Contact Old Pueblo Insurance, serving Oro Valley, AZ, to get a quote on life insurance. 

Barbers offering modern haircuts are on high demand these days. With the surge in the number of people visiting these areas, any barber needs to be cautious and vigilant. They need to protect the health, property, and safety of their customers. With this in mind, purchasing commercial insurance needs to be a priority.

You may ask, ‘do I really need commercial insurance for my barbershop?’ Well, the answer is yes. Here’s why.

Helps in Case Someone is Injured in Your Shop

Commercial insurance will come in handy whenever you are supposed to cover medical bills when a customer gets injured in your shop. When someone trips and falls on the floor breaking their arm, commercial insurance will cater for the damages that may accrue.

Additionally, this policy may cover issues related to property destruction. Take an example, where an employee accidentally spills hair bleach on a customer’s expensive bag. Commercial liability insurance offered by Old Pueblo Insurance will protect you against such accidents, misleading or false advertising claims as well as copyright infringement.

Cover Interruption Costs in Case an Insured Risk Occurs

Let’s say following a storm in Oro Valley, AZ, your business is disrupted and you are forced to close down. Who will pay for the lost time? Lost money? This is where your commercial insurance relieves you of this stress. With commercial insurance on your barber shop, you will be able to recoup any money you may have lost because of failing to operate.

This coverage will go a long way to cover for any lost profits and will help you get on your feet after the accident. Additionally, this policy may cover your employees’ salaries until you get your business on the go or relocate.

Any barber needs to purchase commercial insurance. If you live in Oro Valley, AZ and you would like to earn more about the policy, then do not hesitate to contact Old Pueblo Insurance. They will answer your questions and help you get the right policy to help you through.

For decades the federal government has quietly underwritten flood protection across the country to reduce the potential losses to communities when a flood occurs. Under the National Flood Insurance Program, or NFIP, the federal government offers flood insurance coverage which is then administered and sold to consumer through private insurance companies working as middleman parties. Flood insurance in general is not required coverage for a consumer in Oro Valley, AZ or elsewhere unless he or she lives in a recognized flood plain, determined by the Federal Emergency Management Agency, or FEMA. A flood plain is essentially a region known for regular flooding, and the frequency is rated in years of likely flooding again. So a 100-year flood plain, for example, has a chance of a disastrous flood every 100 years. If so, affected homes with mortgages then have lender requirements for flood insurance to protect the outstanding loan if a flood occurs (otherwise the home as collateral becomes worthless when damaged). So, if a person is in a certified flood plain with a mortgaged home and coverage requirements, then flood insurance will be required and most likely associated with NFIP. Otherwise, a homeowner can choose to buy flood insurance as an option, which is also supported by NFIP.

The Old Pueblo Insurance group can explain known flood plain risks for Oro Valley, AZ residents and how NFIP works. Their expertise can wade through a lot of the bureaucratic language in coverage reference and get right to the point as to what is required, what is optional, and what protection it will provide. To find out more, give the folks at Old Pueblo Insurance a call or email when you have a minute. The information you get may protect your home better than before.

It is essential that your insurance company understand the individual experience for a local area. In Oro Valley, AZ, Old Pueblo Insurance gives you the local experience that you need to keep your classic car protected in any situation.

Only Old Pueblo would know about the hazards that are specific to the Oro Valley in Arizona. No matter what kind of car you have, you need a policy that deals with the unique problems that people living in this area face. Arizona is known for many natural hazards, including animal and environmental hazards, that can easily damage a vehicle if the owner is not careful.

The great state of Arizona also comes with many reckless roads that people love to take on. This is exactly why Old Pueblo Insurance offers classic car insurance.

Insurance is meant to protect investments, especially investments that cannot be replaced. Only a local insurer really understands the situations that could occur in the local area with a classic car. This is why a local insurance policy from an established company is the best route for most people. Planning is essential if you want to protect and build upon your current lifestyle. No one expects to have an accident – this is precisely why dedicated insurance agents with experience come in with hard data instead of conjecture and anecdote.

When it comes to Oro Valley, Old Pueblo Insurance covers all of the hidden holes. Old Pueblo require. If you are looking for a total package insurance company for your classic car in Arizona, Old Pueblo Insurance may be just the insurance partner for you.