Why You Need Condo Insurance

Condo living has much to offer in the way of comfort, relaxation and style. Condo owner’s insurance will protect your new investment so you can enjoy it for many years to come. At SEEC Financial, we help you choose a condo insurance policy that adequately suits your needs. Here are some of the most important reasons you need an individual condo insurance policy.

To Protect Your Structure

Your association’s insurance covers your building, amenities such as pool, gym, spa, etc. and common grounds, not your individual unit. If anything happens to your personal condos, such as fire or storm damage, you’d have to pay for repairs out of pocket. Condo owner’s insurance covers the interior of your unit so you don’t suffer financial loss.

To Protect Your Personal Goods

Condo insurance will protect your personal goods if they are stolen or lost in a covered peril. The amount of protection you get depends on the value of your property. If you’re like most people, you’ve probably accrued quite a bit of stuff over the years, some of which may be quite costly. With replacement cost coverage, your insurance will pay to replace these goods if they’re stolen or totally destroyed in a disaster. This can save you thousands of dollars out of pocket.

To Protect You against Liability Claims

If you plan to have friends or relatives staying at your new condo in Cheshire, CT, make sure you have adequate liability insurance to protect you against accidents that may occur on your property. If a guest has a fall after one too many drinks or gets sick from something he eats, he may sue you for damages. Liability covers medical bills for accidental injuries and protects you against lawsuits for damages.

To learn more about condo insurance coverage and costs, contact SEEC Financial in Cheshire, CT.

Why Do You Need Renter’s Insurance?

Many people opt to live in apartments or rental properties because these types of living situations mean less responsibility. The landlord holds the main responsibility for the property. However, there are things which the landlords are not responsible for. This is where renter’s insurance comes in.

What is Renter’s Insurance?

Renter’s insurance is a type of policy which will cover you as the renter. Although the property itself is covered under the owner’s insurance, that policy does not cover certain things. Namely, that policy does not cover your belongings in the event of a loss. Your furniture, electronics, clothing and other items will need to be replaced. Renter’s insurance can help you do this in the event of a loss. Renter’s insurance also helps protect you, the renter from liability.

When You Are To Blame

Even as a renter, issues can come up in which you would be the liable party. For instance, if through your negligence your unit is damaged or another unit is damaged, renter’s insurance would protect you from defense costs should a case be held against you. 

Loss of Use

Probably one of the most beneficial aspects of renter’s insurance is a loss of use coverage. So your landlord has insurance to cover and repair the unit if it is damaged. But if it is damaged to the point you cannot live there until repairs are made, your landlord is not going to provide you with another place to live necessarily. Loss of use coverage will pay for your temporary living arrangements up to a certain amount while repairs are being made to your unit. This will remove a huge financial burden from you during this time. 

If you would like to learn more about renter’s insurance, you can contact our friendly staff at SEEC Financial in Cheshire, CT. 

Why Do I Need to Have Boat Insurance?

Buying a boat is a dream that many people have. When you do own your boat, you need to remember that it is a very important asset and responsibility. One part of managing this appropriately includes getting boat insurance. For those that have a boat in the Chesire, CT area, there are several reasons why you need to have boat insurance.

Give Your Boat Protection Against Losses

One reason why you need to have insurance for your boat is that it will give you protection for your asset. Similar to any other type of asset, your boat could suffer a loss at any time due to an accident, theft, storm damage, or vandalism. Since you never know when these situations can occur, you need to make sure that you are prepared and protected for it. Boat insurance will do that. If you have a loan out against your boat, you will likely be required by the lender to carry insurance to cover these types of losses until the loan is paid off. 

Liability Coverage

Whenever you are operating a boat, you are taking on a risk that you could cause an accident or injury. If you are at fault in an accident, you could be found liable for any associated expenses. Due to this risk, having boat insurance in place makes sense. In fact, many local marinas and other waterways will require that you have liability protection in place at all times. 

If you need to get boat insurance and have a boat in the Cheshire, CT area, you should speak with the professionals at SEEC Financial first. When you meet with the team at SEEC Financial, the insurance professionals will help you to pick a boat insurance policy that is right for you. 

When Should You Review Your Motorcycle Insurance Policy?

As soon as spring hits and the weather starts to get warmer in Cheshire, CT, you should review your motorcycle insurance to make sure you are covered before you spend a warm summer season out on your bike. Review your policy with an agent at SEEC Financial, in order to ensure you are protected and can enjoy the open road.

Motorcycle insurance is required, but just having the minimum coverage likely won’t protect you in the event of an accident or damage to your bike. If you get into an accident and don’t have collision coverage, then any damages to your bike won’t be covered. If your bike is damaged another way, such as by vandalism or even a collision with an animal, damages won’t be paid for without comprehensive coverage. Reviewing that you have these coverage options and making sure you have enough to cover the cost of your bike is important.

In addition to collision and comprehensive coverage, there are some questions you should ask. Do you tend to tow anything behind your bike? If so, you may want to have extra coverage to cover things you tow. Is your motorcycle a custom build? If it is, repairs can be more expensive, so you want to make sure you have the right amount of coverage to cover the costs. If your ultimate goal is to lower the cost of your premiums, then you should be sure to drive safely. A clean record will help you pay less. You can also ask your agent about bundling any other insurance plans together for a discount. If you are only riding your bike during the warm spring and summer months, then you may want to consider a lay-up policy for additional savings.

Contact SEEC Financial, serving Cheshire, CT, to get a quote on motorcycle insurance.

How to Deal with Property Damage

Handling property damage can be stressful, especially if you are a first-time owner. Once damage does occur, it could take a lot of time, effort, and money to repair those damages. Fortunately, property owners can prepare for future problems by doing the right research. Here are some steps you can take to plan ahead for property damage.

1. Look into Types of Property Damage

Doing the research into different damage types will help you to understand the process better. Property can be damaged by fire, water, hurricanes, floods, mold, earthquakes, infestation, burglary, and much more. Certain areas are at a greater risk of property damage; for example, owning a house in Florida usually means that you face a higher chance of hurricane damage. Once you are aware of the types of damage that your property could experience, it’s time to move on.

2. Damage-Proof Your Property

There are various ways that an owner can protect their property against damage. Going with the Florida home example, a homeowner could hurricane proof his or her home. Property protection isn’t something that you have to do yourself. The right services professionals could install impact windows, doors, and shoulders that are designed to be resistant to heavy storms.

3. Find the Right Insurance Policy 

Once a storm does strike a property, the aftermath can be devastating and costly. That is why it is generally recommended that property owners buy insurance for their homes and buildings. Property damage liability will help to pay for any damage done to a house, store, office, or stationary object. 

Looking for some decent property insurance in Cheshire, CT? SEEC Financial will help with that. This insurance company offers coverage for property damage. The process of making a claim with SEEC Financial is simple and fair. Call us today to find a policy that perfectly fits your circumstances. 

3 Reasons You Need Life Insurance

No one really likes to think about a time when they will no longer be around; however, at some point, this will happen. This is why it is so important to have a life insurance policy. If you need a life insurance policy in Cheshire, CT, it’s a good idea to work with a professional service provider, such as SEEC Financial. Some of the specific reasons having this type of policy is so important can be found here.

To Help with Burial Expenses

One of the first things a person has to think about after they pass away is how their burial expenses will be covered. In many cases, this can be several thousand dollars. A life insurance policy can cover this, and ensure the family is not burdened with having to pay for this out of their own pocket.

To Pay Off Outstanding Debt

Another benefit offered by life insurance is that the person’s outstanding debt can be paid with the policy. In many cases, this is extremely beneficial, as it will ensure that your family doesn’t have to cover these costs on their own or worry about debt collectors seizing assets to cover the debts left behind.

To Leave Loved Ones Secure

One of the biggest concerns for many people is how their family and loved ones will be able to make it without their financial support. This can be a scary concept; however, with life insurance, it doesn’t have to be. The money provided by the insurance policy can provide security for those left behind. In the long run, this will provide the person who passes away and their family peace of mind.

As you can see, a life insurance policy offers a wide array of benefits. Be sure to consider this when planning for the end of life expenses and needs. It will be beneficial for everyone – including those who are left behind after you pass away. More information about these policies can be found by contacting SEEC Financial serving Cheshire, CT.

Can Tire Wear Affect How You Drive?

The agents of SEEC Financial offer their services to residents who live in and around the Cheshire, CT area. They provide tips on how to keep your vehicle in good working order throughout the entire year. One of the tips they provide to their customers is to always be aware of the condition of their tires. Proper tire maintenance is just as important as servicing your engine on a regular basis. They also advise their customers to periodically check the tread of their tires for wear and tear.

Tread Affects Traction

In order for your tires to remain in contact with the road, especially in poor weather conditions, is to make sure they have a sufficient amount of tread. The penny test is a good way to determine if your tires have enough tread for safe travel. Place the edge of the penny into the tread with Lincoln’s head down. If you cannot see the top of his head, your tires still have enough tread to be roadworthy. If you can see the top of Lincoln’s head, it’s probably time to buy new tires.

Proper Tire Maintenance

Proper tire maintenance involves checking their air pressure as often as you change your oil. Have your tires rotated at least once a year and always give them a good once-over before you take off on a long road trip.

If you have questions about tire safety, call the agents at SEEC Financial. They are always available to help residents who live in the Cheshire, CT area be as safe as possible while they are on the road. Call and schedule your auto insurance evaluation today to ensure you have the amount of insurance you need.

How to Make a Motorcycle Insurance Claim

Making an insurance claim after a motorcycle accident can be annoying and messy. Every accident needs to be handled in a specific way, depending on the damage inflicted upon a person, motorcycle, or vehicle, and who was at fault. It’s essential to get all the advice and help you can get from a Cheshire, CT professionals like SEEC Financial. We can advise you accordingly and ensure that you’ll successfully file your claim.

Tips for making a claim

The first and most significant step in making a claim is preserving the evidence. In case the accident involved another vehicle, ensure you:

  • Take many photos before the vehicle is moved. Pay attention to the damages that have been done on the motorcycle and the vehicle, including the part that collided with the bike. Also, take photos of the gouges in the road and skid marks.
  • Request to see the DL of the vehicle operator. Note their address, name, and license number.
  • Ask the driver for proof of insurance coverage.
  • Ask eyewitnesses for their names and contacts.
  • Notify the police and wait for them to arrive.

If you got injured, ensure you get medical attention immediately.  Explain each symptom to the doctor, even if it seems insignificant. This is because medical records significantly influence accident settlements.

If you plan on making claims against your company, ask the insurance agent to contact a claims adjuster. This adjuster may ask you to sign the claim form, which should be filled in accurately. You also need to get the evidence of your bike’s value and repair estimates. The insurer has a duty of negotiating with you in good faith. So, it won’t be difficult to get a reasonable settlement. 

For more information on other options, you may have when you want to make a motorcycle claim in Cheshire, CT, contact SEEC Financial today.

 

What you Need to Know about Boat Insurance in Cheshire CT

Life on the water in a fisherman’s paradise, even more so if you own your own boat. If this lifelong dream has finally come true for you, make sure your new baby is covered with a comprehensive insurance policy. Your SEEC Financial agent can answer any questions you may have on what’s included, but here’s some information to get you started. 

Why You Need It?

First of all, unless you hit the lottery and pay cash, you are financing your boat. The lender likely requires insurance as a term of your loan.  Also, even after you pay it off, a boat insurance policy protects your craft and gives you peace of mind.

For smoother sailing, understand your coverage options before anything happens.

What’s Covered?

If you need repairs and to replace your watercraft, your boat insurance has you covered for included policy events. You can even get coverage to have someone else clean up the wreckage, so you don’t have to suffer through seeing your pride hung up on the rocks.

Standard policies include coverage similar to auto insurance, such as:

  • Collision with another vessel
  • Property damage pays for repairs or replacement of another person’s boat or property
  • Bodily injury liability has your back while you’re operating the boat, in case someone is hurt
  • Medical bills, pain and suffering, lost income and legal costs can also be covered.
  • A comprehensive policy reimburses you if your boat is stolen, vandalized, stolen or damaged. 

Ask your SEEC Financial agent to set up an appointment for a quote and available coverage for your boat in Cheshire, CT. You can have the peace of mind that comes with knowing your fishing gear and personal property are covered in and out of the water.

 

Should a Business Owner Be Worried about Being Sued for Libel or Slander?

America is one of the most litigious countries in the world. There are over one million lawyers in the United States. About forty million new civil lawsuits are filed each year in America. Many are frivolous and without merit. As a business owner, one should expect to be sued at some point. It is almost inevitable. Only 18% of U.S. businesses report that they have never been sued and have no pending lawsuits.

Some businesses and their owners may have to face being sued for libel or slander. Libel is making false written claims. Slander is making false verbal statements. Media companies such as the tabloids get sued for these things all the time. If statements are made in public that could be considered libelous or slanderous, a lawsuit may arise from this.

The burden of proof is on the plaintiff to prove beyond a reasonable doubt that the statements made were not true and therefore libelous or slanderous. If the statements that were made are true, even if the content is very negative, this is an absolute defense. However, either the truth or whether libelous or slanderous statements were made is difficult to prove.

There are two things that the plaintiff must prove are:

  1. Defendant defamed plaintiff by making a statement that is false.
  2. Defendant made this statement to a third party, which caused the plaintiff harm to their reputation.

Before such a lawsuit happens, it is important to have insurance in place. The agents at SEEC Financial in Cheshire, CT can answer any questions you may have about this risk.

Umbrella Coverage

Libel and slander lawsuits are not usually covered by regular commercial insurance. These lawsuits are in a class called defamation in legal terms. Having an umbrella insurance policy is usually the way that business owners are able to cover these legal risks.

Be sure to consult with your agent at SEEC Financial in Cheshire, CT to understand how an umbrella insurance policy offers adequate coverage for these lawsuits and get a quote for this coverage.