Harrison Insurance and Financials, Ltd

101 E Bullion St, 2A
Hailey, ID 83333

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5 Reasons You May Need an Umbrella Policy

Most people know they need insurance, but many don’t know about umbrella policies and the benefits they offer. An umbrella policy is an extra layer of liability insurance that goes above and beyond your standard homeowners or car insurance policies. Harrison Insurance and Financials LTD in Hailey, ID provides this guide in navigating this important coverage.

Here are five reasons you may need an umbrella policy:

1. You Have Assets to Protect

One of the main reasons to purchase an umbrella policy is to protect your assets. If you are sued and found liable for an accident, the damages awarded can quickly eat away at your savings and other assets. An umbrella policy can help provide the financial protection you need in these situations.

2. You Have a Teen Driver

If you have a teenager who is licensed to drive, you may want to consider an umbrella policy. Teens are more likely than any other age group to be involved in an accident. And if they cause an accident, you could be held liable for the damages.

3. You Are a Dog Owner

If you own a dog, you may be at risk of a lawsuit if your pet injures someone. Dog bites are one of the most common types of personal injury claims, and they can be very expensive to settle. An umbrella policy can help cover the costs of a dog bite claim once the limit of the underlying homeowners’ policy has been reached.

4. You Want Peace of Mind

An umbrella policy can give you peace of mind knowing that you have extra protection in place if you are ever sued. It can provide financial protection for damages that exceed the limits of your other insurance policies.

5. You Participate in High-Risk Activities

If you participate in high-risk activities, you could easily be sued if someone is injured or you damage property. For example, if you are an avid golfer, there is always the possibility that your errant tee shot could damage someone’s car.

Give Us A Call

As you have seen, an umbrella policy offers numerous benefits, and Harrison Insurance and Financials LTD in Hailey, ID would be more than happy to help you find the right policy. Call us today to learn more about umbrella policies and how they can help protect you and your assets.

Things condo insurance won’t cover

A condo is a good option to break into the housing market or for those who prefer not to do a lot of exterior maintenance. You want to protect your condo from the many perils that are out there waiting to damage your property. At Harrison Insurance and Financials LTD in Hailey, ID, we work with our customers to make sure that they have the right coverage for their condo and their situation. Like most insurance, everyone’s needs are not identical. 

Condos are a little different from a freestanding home. Your association holds the insurance policy for the exterior of the building and the common areas. You are not responsible for insuring them. So, if your roof is damaged, your condo insurance isn’t going to pay for it. If someone slips and falls in the parking lot, your insurance won’t pay for medical bills. 

What Condo Insurance Won’t Cover


Floods are a danger in many places and they cause thousands of dollars of damage even with as little as an inch of water in your home. Condo insurance will not cover you for flood damage that comes from water from outside your home. If you are worried about flooding, you can purchase a separate policy from the NFIP. 

Owner neglect

It is up to you as the owner to take good care of your condo. If you have a leak and don’t fix it and it causes mold in your home, your insurance won’t pay for it. If you get termites or rodents, the repairs are on you. 

Land movement

Land movement covers a few different perils and none of them is covered. You aren’t covered by earthquakes, sinkholes, mudslides, or landslides. If the earth moves, your insurance won’t cover it. 

Contact Harrison Insurance and Financials LTD in Hailey, ID to discuss what your condo insurance should look like. 

5 Overlooked Benefits of Health Insurance

We all aspire to have a happy, healthy life. Most of us work so hard to observe healthy habits, including quality sleep, eating healthy food, and regularly exercising. Unfortunately, we can’t control the aspect of falling ill or injuries. You may even need hospitalization, and the only thing that can bail you out at this time is health insurance. Health insurance comes with many benefits, like cashless treatment and prescription drug coverage. However, people often overlook some incredible benefits of health insurance. We at Harrison Insurance and Financials LTD would like to share some underrated health insurance benefits. 

5 Overlooked Benefits of Health Insurance

Health check-up

These days, accessing health care has become very expensive. One visit to a doctor for a routine check-up can cost thousands of dollars. Health insurance allows you to have a free health check-up at any hospital listed on your insurance.

Attendant allowance

Attendant allowance is quite an exciting benefit. Imagine if your insured child gets admitted, the insurance pays an allowance for the person accompanying the child to the hospital. Remember to talk to your agent to ascertain the amount offered as it’s usually fixed and for a certain number of days.

Alternative treatment

Alternative treatments like yoga and homoeopathy have become vital alternative remedies these days. Many insurance companies are offering or working hard to provide you with these alternative treatments.

Recovery or convalescence benefits

Your health insurance goes beyond hospitalization costs and offers recuperating allowances. Your insurer takes care of your recovery expenses to help you deal with your recovery smoothly.

Domiciliary treatment

Many insurance companies are expanding their policies to offer treatment taken at home. However, they cap the treatment to a certain number of days.

Health insurance in Hailey, ID

Health insurance comes with lots of benefits that some of you know nothing about. Make sure you read and understand what the policy entails and whether it suits your needs before you sign the papers. Ready to purchase health insurance in Hailey, ID? Look no further than Harrison Insurance and Financials LTD. Call us today for an affordable quote.

Tips to Buy the Right Life Insurance

Buying life insurance can be quite complicated. There are many factors to consider, and, even worse, no two policies are alike. For this reason, you may have no idea where to start. Harrison Insurance and Financials LTD in Hailey, ID offers the following suggestions to help you choose the right insurance for you and your family. 

Tips to Buy the Right Life Insurance

Look at your current financial situation. Are you the one that supports your family? Do you have any debt? How much do you still owe on your mortgage? Any car payments? Credit card debt? Do you have an emergency fund? What about your savings? If your family will be in trouble financially without you, you are going to need to make sure that you have enough life insurance to help them through this time. You may want to get enough to pay for your mortgage and some bills, so that your family doesn’t have to worry as much after you are gone. 

Look at the differences between term and permanent life insurance. When you buy term life insurance, you are only getting coverage for a certain amount of time (such as ten or twenty years). This can help you get insurance until your mortgage is paid off (or something similar). Permanent life insurance is good for life, which is why it is more expensive. This type is also good because it builds cash value over time. 

The best way to make sure that you have enough insurance is to talk to a professional. He or she can help you decide how much you need and help you find an affordable plan. 

If you want to make sure that you have enough life insurance, don’t hesitate to contact us today at Harrison Insurance and Financials LTD in Hailey, ID. 

Required Auto Insurance in Idaho

When you live in Idaho, it is required to have auto insurance if you drive. A few different types of coverage are included in an auto policy. These include specific minimum amounts of each kind of coverage. If you need auto insurance for your vehicle, call us now at Harrison Insurance and Financials LTD in Hailey, ID to find out more. 

Bodily Injury Coverage

When the driver of your vehicle causes an auto accident, you have to have bodily injury coverage in place. Two amounts are required by Idaho for this coverage type. The first is an amount meant for one person who was injured in the accident caused by you or your driver. The second is a different amount required for all of the parties injured in such an accident, except for anyone in your vehicle. Both of these amounts are low compared to many other states, and getting coverage that exceeds the minimum is often recommended for drivers. 

Property Damage Coverage

There is another amount required for the property damage done by your vehicle when the accident is the fault of you or your driver. However, this amount is relatively low, and it will likely not be able to pay for the property damage done to an expensive vehicle. Getting more than the minimum is generally recommended for this type of coverage. And, as liability coverage, it doesn’t cover damage to your vehicle. If you want that type of coverage, you can get collision coverage added to your policy. 

Make Sure You’re Driving Legally

To drive legally in Idaho, you have to have this coverage and carry proof that you carry it. If you want to know more about auto insurance in Idaho or get started, call us now at Harrison Insurance and Financials LTD in Hailey, ID.


Comprehensive coverage options for ID business owners

Harrison Insurance and Financials LTD is here to help Hailey, ID area business owners protect their companies. If you want to make sure that your company has the protection it needs before anything happens, now is a perfect time to schedule a policy review. 

Benefits of comprehensive commercial insurance

The main benefit of a comprehensive insurance policy is the peace of mind that comes with knowing that your business has the protection it needs. When you’ve worked hard to establish a successful business, it only makes sense to protect it! 

  • A comprehensive policy includes coverage of assets such as equipment, vehicles, inventory, and property
  • With comprehensive coverage, your business is protected from loss and catastrophe
  • Features such as business interruption coverage can make sure that your company is able to return from a covered event

If you are a decision-maker or a business owner, you owe it to yourself to make sure that your firm is protected. We recommend that our clients have their entire insurance portfolios reviewed on a regular basis. Remember, as your profits and assets increase, so too do your insurance needs. Don’t wait until your company experiences a covered event to learn that your current policy is insufficient.

There are a number of different options available for business owners in our community. Schedule an appointment today to learn more about the possible policies that could protect your firm.

Protect your company today!

Hailey, ID area business owners can count on Harrison Insurance and Financials LTD for all of their insurance needs. If you would like to explore the comprehensive commercial policy options that are available in our area, give us a call and schedule your consultation today.

What Homeowners Insurance Covers in Idaho

If you own a home, you know that it’s an investment. More importantly, it’s comfort and security. That’s why you need homeowners insurance for when disaster strikes to protect your investment.  Moreover, you need to get repairs done properly and in a timely manner to restore that comfort and safety your home provides.

Harrison Insurance and Financials LTD in Hailey, ID understands the importance of homeowners insurance, and we want to provide you with more information. Here’s what homeowners insurance covers in Idaho.

What Homeowners Insurance Covers

When people think of homeowners insurance, they usually think of paying for the cost of damage caused by natural disasters. While this is true, it also covers much more.

In addition, it also covers:

  • Your personal possessions
  • Other structures on the property, like a detached garage
  • Personal injury liability
  • Vandalism and theft
  • Explosion
  • Fire
  • Falling objects
  • Damage caused by vehicle accidents

It’s a crazy world, and you never know what may happen. Someone might trip and fall inside your home. On the other hand, your home may suffer damage because of the reckless actions of someone else. Either way, with homeowners insurance, you can rest easy knowing that your home is covered.

Not only is your home covered, but so are you in the event of personal injury liability. If someone gets hurt on your property, It will cover the cost of medical expenses. 

More Than Insuring Your Home

As you can see, homeowners insurance does more than just insure your home. It gives you peace of mind knowing that your home, possessions, and people inside are covered.

Contact Harrison Insurance and Financials LTD in Hailey, ID to find out how we can help you with a homeowners insurance policy that is right for you.

Questions To Ask Yourself When Buying Home Insurance for the First Time

While home insurance is not mandatory in Hailey, ID, many homeowners are finding more reasons to get the policy now than ever before. Lawsuits, accidents and insecurity are the top reasons why many people are buying home insurance. If it’s your first time getting home insurance, Harrison Insurance and Financials LTD recommend learning more about the policy before making any purchase. Here are a few critical questions you should ask yourself.

What is your budget?

When buying any item in the market, it’s always prudent to research rates in your local area, assess your needs, and develop a reasonable budget. A flexible budget allows you to stretch and increase limits to some coverages, such as liability. Home insurance is quite affordable, especially if you live in a relatively safe area. However, your insurance provider may encourage you to buy additional coverages or separate policies if you own valuable items.

What are your home insurance needs?

Every home has different insurance needs. Insurance companies use the information you give them to determine your home insurance rates. Some of your insurance needs can affect your insurance rates directly. For instance, if you are a parent to young children in Hailey ID, you may want to get home insurance to pay for accidents they cause, such as property damage or injuries to other people. 

What’s the value of your home?

Determine the value of your home by calculating the cost of labor and materials in your local area. The value of your home may not necessarily increase your home insurance rates, especially if you have features that improve your home’s security. A trampoline or swimming pool, however, may increase your rates.

Do you need help from an insurance professional?

At Harrison Insurance and Financials LTD, we care about you and what matters to you most. We can help ensure that you have a home insurance policy that fits your needs, budget, and comfort. Call us today!

How to Handle Classic Car Accidents With Insurance

Car accidents can happen at any time. Unfortunately, they can even occur when you are driving your classic car to or from a show. Car shows can be a great place to share the joys of classic cars, but traveling to a car show could result in damage to your vehicle.

Harrison Insurance and Financials LTD, which serves the drivers of Hailey, ID, knows all too well how to handle classic car accidents. These are some of the steps you can take to ensure your car is protected.

Get to Know Your Classic Car Insurance Policy

The first thing you should do is something you need to pay attention to before you ever even get into an accident. Read through your policy documents to ensure you know your coverage and what will happen if your car does become damaged.

Get a Police Report

Immediately after an accident occurs, you need to call the police to file a report. When you have a classic car, this is important because you have an asset you want to protect. It is helpful to have a professional’s account of the accident and the damage involved.

Contact Your Auto Insurance Company

Next, you should contact your insurance company so that you can discuss the accident. You can tell your company what happened and what kind of damage your classic car has experienced.

Get Classic Car Insurance Today

If you own a classic car in Hailey, ID, Harrison Insurance and Financials LTD can help you find the right insurance for your needs. Contact our insurance agents today to learn more about your needs as a classic car owner.

Why Basic Auto Insurance Isn’t Always the Best Choice

This is a common scenario. You are shopping for car insurance, and identify coverages that will protect you and your car optimally. But at the point of paying, you only settle for basic car insurance in the name of saving some bucks. But is this wise?

Purchasing basic auto insurance might seem like an excellent idea at first glance but may turn catastrophic when you are involved in a significant incidence. According to Harris Insurance of Jasper, AL, here is why basic car insurance isn’t always a good idea.

Required auto insurance in Alabama

Motorists in Alabama are required to include the below coverages in their auto insurance:

  • Bodily injury liability: This insurance policy protects you when you cause an accident, inflicting bodily harm to third parties. The required minimum amount is $25,000 per accident and a minimum of $50,000 for accidents involving several victims.
  • Property damage liability: It protects you when you are at fault for an accident that causes property damage to third parties. The minimum amount required is $25,000 per accident.

Now, should you settle with a car insurance policy that includes the above coverages, are you safe? Are the coverages sufficient to cover you in all facets of car ownership? The answer is no. At Harris Insurance, we usually advise our clients to increase coverage limits and consider other car insurance coverages.

Why basic car insurance is never enough

If you are settling for basic auto insurance, you need to upgrade because basic car insurance:

  • Has insufficient coverage limits: The insurance limits of "50/25/25" won’t suffice when involved in a severe accident. Uncovered car accident expenses mean that your assets will be at stake.
  • Covers third parties only: Basic car insurance doesn’t cover you and your car. That said, you need to consider comprehensive, collision, PIP, and other optional car insurance covers for optimal protection.

Are you looking to insure your vehicle beyond the minimum? If you are in Jasper, AL and its environs, please contact Harris Insurance for a well-rounded car insurance policy.

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