Products & Coverages
Hutson-Etherredge Companies takes pride in the insurance education of its agents and would like to pass on knowledge concerning the importance of specific insurance products and coverages.
Personal Lines:
2011 has been the year of the Bliza-nado-quake-icane. You may wonder what natural disasters are covered under your homeowners insurance policy.
Floods are not covered under a homeowner insurance policy; you have to purchase coverage through the National Flood Insurance Program. This is a program backed by the Federal Government, and even through it may be purchased through a standard market, the rules, regulations, and funding are set by the Federal Government.
Earthquake coverage is excluded from most homeowner insurance policies. Most companies will let you buy back the coverage; however, some do not. Hutson-Etherredge Companies represents a company that includes earthquake coverage in their Executive Homeowners Insurance policy. You should check with your agent.
Tornados and hurricanes are covered by a homeowner insurance policy, unless your policy excludes wind coverage. If your home is located in a coastal county you may have to purchase a separate wind insurance policy. Most homes located outside of coastal counties have wind coverage, but may have special deductibles that apply in the event of a wind claim.
Please feel free to contact one of our agents for a more detailed discussion of coverage for natural disasters.
Commercial Lines:
Professional Liability can protect you from potential catastrophic litigation. You can be charged with professional negligence or failing to perform your professional duties, whether offering a service to a client or simply offering advice.
The most common form of professional liability insurance is malpractice insurance which is carried by medical doctors. Other professional such as lawyers, real estate brokers, and accountants may also carry professional liability.
Our society is quick to sue and litigate, and liability claims are not cheap to defend or settle. Professional Liability coverage is necessary to protect you and your business if you are sued and found liable.
Any professional providing a service should carefully consider whether or not they can be held liable for their actions and face monetary penalties. If so, then Professional Liability Insurance may be necessary.
Medical and Life:
Annual Medicare Part D and Medicare Advantage Plans Open Enrollment is October 15 - December 7. Your annual open enrollment is the time of year to change existing coverage on Part D drug and/or Advantage plans. First time buyers of Part D Drug coverage and/or Advantage Plans for Medicare enrollees need to apply now.
Want help finding out if your medication is covered, or what plan is best for you? We will be happy to answer any questions you may have.