How to determine how much umbrella insurance to buy

How to determine how much umbrella insurance to buy

Long before umbrella insurance became popular, many people believed that it was only for the wealthy. Today, everyone in Cheshire, CT is adding liability to their policies as lawsuits get more expensive. While umbrella insurance can only be used after the standard policies are depleted, it’s always wiser to have excess than little. Insurance experts at SEEC Financial recommend assessing your risk level to determine how much umbrella insurance is enough for you.

Calculate your net worth

You don’t need to be a financial expert to know your net worth. Net worth is the value of your assets minus debts. If you receive a salary every month, have businesses that generate income and properties, they all add up to your net worth. Knowing your net worth allows you to plan and determine your umbrella insurance limits.

The amount of liability you have on other policies

It’s also worth checking your liability coverages on home, boat, and auto insurance policies. It’s almost impossible to tell how costly accidental damage or injuries can get. If you’re a parent, have teenage children and young drivers at your home, you may want to buy umbrella insurance to provide more coverage on your home insurance policy.

Your assets

If you’re an asset owner in Cheshire, CT, you need umbrella insurance to protect yourself and your assets. Remember, the wealthier you are, the costlier the lawsuits. If everything you own goes beyond $1 million, that should be your minimum umbrella insurance.

Your risk level of getting sued

Some people are at risk of getting into accidents that could lead to property damage, injuries, or even costly lawsuits than others. Assess your level of risk from your job’s nature to your businesses and properties to determine how much liability you need.

Looking to add some additional liability to your policy? SEEC Financial can help you find a policy that fits your needs and budget. Contact us today.

What does condo insurance cover?

You may think your dues to the homeowner’s association is enough to shield you from financial ruin in Cheshire, CT. The truth is that home association fees do nothing to protect you from financial hardship when things go awry in your condo unit. A good condo insurance plan is the best way to prepare for a rainy day. SEEC Financial can help you find the right plan. 

What does condo insurance cover?

Condo insurance pays for incidents that occur inside the condo unit. A person, for instance, who slips and falls in your kitchen may receive compensation from your insurance provider if you have the right indemnity policy. 

Condo insurance also pays for damages not related to natural disasters. A leaking pipe that finally bursts to spill water on your home office equipment may be covered under a condo insurance plan in Cheshire, CT. 

What does condo insurance leave out?

Standard condo insurance does not pay for damages caused by natural disasters. A flood caused by inclement weather that leads to damage in your unit may be your sole financial responsibility if you lack the right coverage needed to pay for the incident. 

Condo insurance may also leave out events caused by blatant negligence. You may not be able to claim damages for the leaking pipe that finally bursts if you were warned on several different occasions to have it fixed. 

How much condo insurance do you need?

The amount of condo insurance you may need depends on a number of factors not limited to lifestyle preferences and budget. It is best to contact an insurance professional if you are thinking of starting a new plan or upgrading your existing policy. 

The agents at SEEC Financial can provide a full explanation of the benefits associated with a good condo insurance plan. Call them today to get started with a quote for coverage!

Do All Roommates Need Renters Insurance?

Whether you’re renting your first place or you’ve been a renter for a while, having roommates can be a great way to have some company and keep costs down. But what about renters insurance? If one of you has it, do the others need it? That’s a fair question and one that you’ll want to get answered so you can make sure you have the right type and level of coverage. If you’re in the Cheshire, CT area, SEEC Financial can help you with an insurance policy that covers your belongings as a renter and gets your questions answered, as well.

Generally, when you have insurance as a renter it’s only designed to cover the contents of the home or apartment. In other words, it protects your personal belongings from loss if there’s a fire, a break-in, or another type of problem where your things are damaged, taken, or destroyed. Because of that, you want to make sure each roommate has renters coverage. Since it’s for personal items only, each one of you will want to have coverage on your particular items. Then you can feel more secure in knowing that you have good coverage for the things you own and have worked for.

By reaching out to SEEC Financial today if you’re in or near the Cheshire, CT area, you’re starting on the process of getting the right renter’s insurance policy for your needs. All your roommates should have this coverage, too, but don’t avoid it even if others decide they don’t want to have their own policy. Your belongings are important, and replacing them can take more than you expect. With good coverage, though, you’ll have great peace of mind and can feel confident that you’re protecting the things that are important to you during the time you’re renting a home.

Do You Need Boat Insurance If Your Watercraft Is in Storage?

Should you have boat insurance if you’ve got a watercraft in storage? Or, if you have plans to put it into storage space? The answer is somewhat complicated. You can get clarification when it comes to your specific circumstances by talking to an insurance agent from SEEC Financial of the greater Cheshire, CT area.

Boat Storage Insurance in Connecticut

The short answer is that typically no, you won’t need any insurance when your watercraft is in storage. If you’re docking your boat or other types of watercraft at a marina or other location that you don’t own or manage, you’ll likely require some type of liability insurance. This is because even though you aren’t physically using your watercraft, it may come loose and hit a boat and cause injuries to people, or it may cause some property damage. Even if this isn’t a strict requirement at the location, you’ll want to have this in place so that you won’t have to pay for damages or medical bills out of your own pocket.

Storage Facilities

If you are housing your boat at a storage facility, there almost certainly will be a mandatory insurance program. This should cover any damage or theft of your watercraft (up to at least the partial value) as well as if you cause damage to the property. If it’s not offered by the company, you might opt to get it through an independent agency.

Storage at Home

You may want to set up or keep insurance during the time you’ll have your watercraft in the storage on your own property. This prevents any gaps in coverage which could turn out to be more costly and cause a headache in the long run.

For all your boat insurance needs, contact SEEC Financial right away. We’ll assist you to the best of our abilities and provide you with top-notch insurance solutions in the Cheshire, CT area.

Three things to remember when you purchase your first umbrella insurance policy

It’s important for you to invest in umbrella insurance. Umbrella insurance protects your assets and gives you peace of mind. We provide umbrella insurance policies in Cheshire, CT at SEEC Financial.

The following are three things to remember when you purchase your first umbrella insurance policy.

Umbrella insurance complements other insurance policies.

One of the most basic things you need to know about umbrella insurance is that it provides additional coverage after your policy maximums are reached for your auto or home insurance policies. Therefore, you should consider the policy maximums on your other insurance policies when you’re shopping for umbrella insurance coverage. 

Umbrella insurance is important for those with a heightened chance of being sued.

It’s important for you to protect your assets by being aware of your liability risks. Consider whether you are particularly at risk of an expensive liability lawsuit.

Individuals may face a higher chance of being sued if they are high net, worth individuals. Also, individuals may have a higher need for umbrella coverage if they own possessions that could potentially be dangerous like pools, trampolines, or certain breeds of dog. 

Umbrella insurance won’t cover you for injuries you suffer or for damage to your own property. 

You definitely need to understand the limitations of umbrella coverage when you purchase it for the first time.

Umbrella insurance can cover you for liability damages. However, it won’t cover the costs of medical bills for your own injuries. Umbrella insurance also won’t cover the costs of damage to your own property. 

Get in touch with us to learn more about umbrella insurance in Cheshire, CT. We offer umbrella insurance policies at SEEC Financial. Contact us to learn more. 

What coverage does condo insurance provide

Cheshire, CT is strategically located between Hartford and New Haven making it a great place to call home. A condo is an affordable way to break into the housing market in Connecticut. When you own a condo, the condo association is required by law in Connecticut to carry liability and property insurance. That, however, does not affect your need to protect your property and possessions. In Cheshire, CT SEEC Financial is a family-owned independent agency with more than 70 years of experience in the insurance industry. 

The condo association master policy covers the exterior of the building, things like the roof, the porch, a balcony, hallways, elevators, and common areas. Where their coverage ends is stated in the policy. If it is walls-in everything inside is your responsibility. You need to know the extent of the master policy to determine the amount of insurance you need to carry. Typically your condo insurance covers content, liability, and loss of use. 


Your personal policy will cover the interior walls and fixtures in your unit including your kitchen and bathroom. Additionally, it covers your clothes, appliances, furniture, and electronics. 


If someone is injured at your property or by someone in your family (including your furry friends), this insurance will cover the legal expenses and medical or property expenses incurred. 

Loss of use

If your condo is rendered uninhabitable your insurance will pay for a place for you to stay until you can move back home again. This can be a hotel in the immediate aftermath and then a short term rental. 

You don’t need to live in Cheshire, CT to use SEEC Financial, we serve the entire state. Feel free to reach out to us to fulfill your condo insurance needs. We are happy to see you in our office and talk to you on the phone while providing a free quote. 

3 Tips for Buying Renters Insurance

If you’re not ready to buy a home in Cheshire, CT, renting offers a viable alternative. As a renter, you don’t have to pay for home repairs or property taxes. You should, however, invest in renters insurance to protect your belongings. These tips from SEEC Financial can be helpful when purchasing a renters policy.

Understand Your Coverage Options

Renters insurance in Cheshire, CT offers property, liability, and additional living expenses coverage.

Property insurance protects your belongings from shoes and clothes to furniture, electronics, sports equipment, and other personal items. You have the choice of getting actual cash value or replacement cost coverage. Actual cash value coverage takes off for depreciation when determining the value of items that are stolen or damaged. Replacement cost coverage covers the cost of replacing your goods outright at market value. If you own expensive goods, you’ll get greater protection with replacement cost coverage.

Liability insurance covers the medical costs of people who are accidentally injured while visiting your rental property. This includes injuries from slip and falls, kitchen accidents, or accidents that occur in your driveway or yard.

Additional living expenses pay for your hotel bill, meals out, and other extra costs if you have to leave your rental home for repairs after a disaster.  

Choose the Right Amount of Coverage  

Make sure you choose the right amount of coverage to make your insurance worthwhile. Your property coverage should be sufficient to cover the value of your personal items if they’re stolen or damaged in a covered peril. Your liability coverage should be enough to protect your assets against serious accidents on your property.

Work with an Insurance Specialist

Working with an insurance specialist from SEEC Financial will make it easier to get the right renters coverage for you. Call or visit us today to purchase the renter’s policy you need.

5 Reasons Why Boat Insurance Is An Asset For Connecticut Residents

SEEC Financial is committed to helping Cheshire, CT residents find the insurance coverage that they are looking for. As an independent insurance agency, we have partnerships with many of the top insurance companies in Connecticut. Our long term goal is to establish long-lasting relationships with all of our clients.

Boat Insurance

Many residents throughout Connecticut enjoy spending time by the water during the summer. However, it is important that you have protection, as boat accidents may occur at any time. Boat insurance allows you to have coverage regardless of whatever situation may arise.

5 Reasons Why Boat Insurance Is An Asset

Flexible Options

You can find a custom policy based on your individual needs. You can amend your policy to cover special equipment and accessories on your boat. Depending on the type of boat that you have, you can add umbrella coverage for an extra layer of protection.

Extensive Liability Coverage

Sometimes, accidents occur. It’s important to have coverage in the event that you are involved in an accident with another boat in which you may be held liable. The policy also protects you if someone gets injured while they are a passenger on your boat.

Leakage Protection

In serious cases, your boat may break down or suffer engine failure. You will be covered in the event that your boat leaks any oil into the lake.

Uninsured Coverage

Some people are covered while they operate their boats. If you are involved in an accident with another boat and the owner does not have coverage, you’ll be protected.

Comprehensive Coverage For Emergencies

In the event that your boat is seriously damaged and needs to be repaired, you will be covered. That gives you some security if your boat is the unfortunate victim of a natural disaster.

SEEC Financial Can Help You

Visit our website to learn more information about how we have helped Cheshire, CT residents find coverage for their boats.   

Is Motorcycle Insurance Required in Connecticut?

When you have a motorcycle there are various considerations to keep in mind. One is knowing you’ll be covered in case of an accident or other damages to your bike. For any questions about motorcycle insurance, you can reach out to SEEC Financial of Cheshire, CT to learn more.

Do you need to have motorcycle insurance in Connecticut?

There is a minimum basic coverage that’s required in the state of Connecticut. This protects you against specific property damage and medical liability if you get into an accident. It typically does not cover your own injuries if you caused the accident and it also doesn’t apply to your own bike’s damage. There may be a higher amount of medical bills and property damage owed beyond the limits of your minimum insurance. However, some insurance companies do have policies that are geared towards individuals who have proven responsibility with their driving and this includes more coverage and higher limits.

Additional Motorcycle Insurance Coverage

It’s a good idea to have additional coverage within your motorcycle insurance policy. Some of these options include collision coverage, which pays for damages sustained by your motorcycle; medical coverage, which is for hospital bills and medical treatment for yourself and a passenger; uninsured/underinsured motorist coverage that protects you if there’s a collision or hit-and-run with someone who’s not insured or underinsured; comprehensive coverage which is for damages to your motorcycle that don’t occur during an accident; and extended coverage that will offer protection for your equipment and custom parts among other things.

Get Assistance Today

Contact us at SEEC Financial of the greater Cheshire, CT area to see what motorcycle insurance coverage is right for you. We’re pleased to assist our new and returning clients no matter your situation and needs.

Do I Really Need Life Insurance?

Do I really need life insurance? It’s a question we hear often at SEEC Financial in Cheshire, CT. For most people, the answer is yes. Life insurance offers you peace of mind. You know that your loved ones will be financially stable upon your passing.

Reliant on Income

Do you have others that depend on your income? If you have loved ones that need your income for financial stability, like a spouse or children, you need life insurance to replace that income if you are no longer there to provide for them. 


Perhaps you are single, or your children are grown and on their own. If there’s no one that depends on your income, do you still need life insurance? Do you have outstanding debts that would put a financial strain on your loved ones? Including cars, mortgage, medical bills, or personal loans? If you pass, your relatives can be held financially responsible for your debts. Life insurance provides a way to pay these debts, so those you care about don’t have to face this problem.

Final Expenses

Do you have savings put away for final expenses? Funerals are often expensive, and you may also encounter unexpected medical bills. If you don’t have money set aside to cover your final expenses, it’s wise to purchase life insurance to take care of them. No one wants to leave their relatives struggling to pay for their passing expenses.

SEEC Financial provides residents of Cheshire, CT with the life insurance coverage that’s right for them. Whether you need to make sure dependents are taken care of or just provide enough to cover your final expenses, we have a policy that’s right for you. Contact us today and our agents will be glad to assist you in selecting your policy.