Harrison Insurance and Financials, Ltd

101 E Bullion St, 2A
Hailey, ID 83333

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What Umbrella Insurance Does Not Cover in Idaho

Umbrella insurance is the insurance you get to serve as an umbrella when other insurance policies cap out on a large claim. You might use them when your home insurance or auto insurance is capped out on a major liability.

At Harrison Insurance and Financials LTD, we want Hailey, ID, residents to be covered for every financial liability in life. We can help you to determine if you need umbrella insurance, and help you to design an insurance policy for the needs that umbrella insurance won’t cover.

What Umbrella Insurance Will Cover

Umbrella insurance serves as additional coverage for personal liabilities of any kind. So if you have a slip and fall occur at your home or on any of your properties, you may be sued or forced to submit a large claim on that insurance policy.

When the claim is over your coverage limits, umbrella insurance can kick in to cover those costs and damages.

Umbrella insurance will cover you for some of those damages and liabilities. It can also cover you for defamation and slander, false arrests or imprisonment, and libel.

What Umbrella Insurance Won’t Cover

Umbrella insurance won’t cover damages that can be covered by another insurance policy, or damage that you caused yourself, accidentally or intentionally.

• Property damage
• Damages for which you are at fault. For example, if a slip and fall happened because you purposely tripped someone.
• Business liabilities
• Liabilities you assumed under an existing contract
• War liabilities

Get a Quote

There is no insurance policy that covers everything, but umbrella insurance is great for those liabilities that aren’t yours. At Harrison Insurance and Financials LTD, we want Hailey, ID residents to be covered for every possible liability in life. Call us today for a quote.

Who Needs Flood Insurance?

Owning a home can be a joy, but it can also come with some risks. One of these is that your property could be flooded. Floods can happen for a variety of reasons, and they can cause serious damage to homes and even destroy them. Every house is at risk of a flood, even if your house is not inside a high-risk area, so it’s important for all homeowners to carry flood insurance. Call us at Harrison Insurance and Financials LTD in Hailey, ID.

Peace of Mind

Though floods can do a lot of damage, it’s also uncomfortable to live with the fear that you could have a flood someday and are not prepared for it monetarily. Most home insurance policies exclude certain types of flooding, so you could be left with no means to repair the damage or to rebuild after a flood. It’s vital that you have this insurance to give yourself peace of mind as well as to protect your biggest asset if the worst should happen. Depending on your lender, there may be a requirement that you get this insurance coverage for your home. 

Government-Backed Home Loans

Many mortgages are backed by the government, and all of these mortgages that are for homes in high-risk flood areas require you to have flood insurance. Even if you are not inside the high-risk zone, it’s always a good idea to have this coverage just in case the worst should happen. Floods can happen on a wide range of terrains and in both urban and rural locations. 

Cover Your Home Against Floods

Your house is often your largest investment, so don’t leave it without all of the protection it needs. With a flood insurance policy, you can have the funds you will need to repair your home after a flood or to rebuild it. If you need flood coverage, call us today at Harrison Insurance and Financials LTD in Hailey, ID.

Condo Insurance Myths To Watch Out For

Harrison Insurance and Financials LTD provides coverage to the Hailey, ID community. We strive to make sure that our clients find the right policies to protect what matters most. We work with multiple carriers to help ensure that our clients receive flexible coverage. For over 25 years, we have proudly served the community as an independent insurance agency. We look forward to helping you find the coverage you need.

Condo Insurance Myths to Watch Out For

Hailey, ID is home to many scenic condos. If you are staying in a condo, insurance helps protect your assets if something goes wrong. Condo insurance also includes liability coverage so that you will be protected if you invite a guest, and they suffer an injury or if you cause damage to someone else’s property. While researching condo insurance, it’s important that you avoid some misconceptions about condo insurance.

I Don’t Have Any Valuable Assets

Many people make the mistake of assuming that they don’t need condo insurance because they don’t have any valuable assets to protect. Every item has value. Think about how much of an inconvenience it may be to replace your computer or TV if something happens to it. Condo insurance protects your assets if they are stolen or damaged. This can help you enjoy a peace of mind.

I Can Rely On the Owner’s Policy

An owner’s policy will protect against any damage to your unit’s structure such as the walls or flooring. However, the owner of the unit is not responsible for your personal items. If your personal items are stolen, having condo insurance is the only way to cover those items. Also, if you plan to make any upgrades to your condo, you will need to amend your policy to protect those upgrades against possible damage.

Harrison Insurance and Financials LTD Will Help You Cover Your Assets

Visit our website to learn more information about condo insurance.

Health insurance terms you need to understand

Health insurance is not the type of insurance that you can buy and renew automatically year to year. Your needs may change, and you need to make sure your insurance meets those needs. It isn’t straightforward, and many things need to be considered. Harrison Insurance and Financials LTD in Hailey, ID has been helping the residents of Hailey, Sun Valley, and Bellevue for more than 30 years.

Deductible

Health insurance policies can have several deductible amounts. You may have a deductible on a particular tier of prescriptions in addition to the plan deductible, which is the amount you need to pay out of pocket before your health insurance covers services. 

Copay

A copay is the portion of any service that you are responsible for paying. It will be different with each carrier and each plan, so you need to familiarize yourself with your plan. 

HMO

HMO stands for health maintenance organization. It is a type of managed healthcare plan with a network of health providers who have contracts with the plan. They have agreed to accept payment for services at prearranged levels. This allows the plan to keep costs down, and these types of plans are usually less expensive. However, it would be best if you use providers in the network. 

PPO

A PPO is a preferred provider organization. This is also a managed care type of healthcare, and they do have a network. You will get the best rates if you use the network providers. The difference is you have coverage if you choose to use a provider who is not part of the network. 

Annual out-of-pocket maximum 

This is the most you will ever have to pay out for medical expenses in a year, and it is an important figure if you ever have a serious illness. 

Contact Harrison Insurance and Financials LTD in Hailey, ID for all your health insurance needs. 

Term Life Insurance: Is It The Right Policy For You?

Many families in Hailey, ID are confused about whether to buy term life or whole life insurance policies. However, as the trends show, term life insurance has been one of the country’s most purchased life insurance policies. Harrison Insurance and Financials LTD indicate that term life insurance is the best policy as it offers the following benefits. 

Easier to Understand

Millions of families across the country do not have life insurance not because they do not have the necessary finances but because they do not understand these policies. If you’re one of these families, it is important to consider term life insurance because it is straightforward to understand. Everything is in ‘black and white’ and written in plain and simple English with complex terminologies. 

Financially Friendly

It is always very hard for family heads when trying to cut expenses while trying to have everything necessary to keep the family happy. The issue of paying for insurance premiums may become too much to handle. However, a term life insurance policy is the best to have because it is very cheap. You can easily pay for premiums and be able to cover other financial requirements in your family.

Accidental Death Coverage

The whole life insurance policy only covers natural death, mostly associated with old age or sometimes issues related to diseases. However, term life is essential because it covers accidental deaths. This means that your family will get the necessary financial benefits if you are involved in a fatal road accident or any other form of an accident leading to death.

According to Harrison Insurance and Financials LTD, families in Hailey, ID can get the benefits they need from term life insurance which they may not get from whole life insurance. As such, this is the best life insurance coverage to consider.

How to handle an auto insurance claim in Idaho

Car accidents happen so fast that you hardly have time to think or find help. Fortunately, an auto insurance policy can help you get back on your feet. Insurance experts at Harrison Insurance and Financials LTD advise Hailey, ID drivers to learn how to file a claim to request reimbursement for damage and injuries. Here is what you can do in case you’re involved in an accident.

Call the police

Your mind may not be in the best position to assess what has happened. Calling the police to take down the details is the best way to handle your claim process. Sometimes, the other party may be difficult to deal with, and that’s why an officer may be necessary for ensuring that they cooperate and you don’t get hurt. Officers also ensure ambulances and emergency services are provided in time to handle injuries.

Gather information about the accident

Collect the necessary information, including the other party’s contacts, vehicle registration, time, weather, and location where the accident happened. It is also essential to note down the badge name of the officer who attends to you. Your insurance company will need these details.

Call your insurer

Contact your Hailey, ID insurance company as soon as it is safe to do so. They will record the information you provide and send someone to come and check out. They will also advise you on the next steps, such as towing your vehicle from the road and finding a replacement for you.

Avoid mistakes that can jeopardize your claim.

Finally, avoid mistakes that could cost your insurance claim. We recommend never accepting fault, sharing details of your coverage limits, or receiving money from the other driver. The other party may try to blame you for avoiding paying for damage if they find out your insurance limits are higher.

To learn more about auto insurance claims, feel free to contact Harrison Insurance and Financials LTD, and we will be happy to guide you through.

Why do I need commercial insurance for my Idaho business?

The Sun Valley and Hailey, ID area can be a good place to be if you want to start a business. In this area, people continue to benefit from the good local economy and support for local businesses. If you would like to start a company here, you should also consider getting insurance for it. There are a few reasons why your business will need to have a commercial insurance plan in this area. 

Coverage is Needed to Protect Company

The main reason that you should get a commercial insurance plan for your business is that it is needed to protect your organization. A full commercial insurance plan offers some great protection for small businesses. This includes helping to protect and cover your business assets while also mitigating the risk of liability. Those who have this coverage will value it if there is ever an accident resulting in property damage or a liability claim. 

Coverage Offers Liability Coverage

With a commercial insurance plan, you will also get liability protection. Business owners need to take their liability risks seriously. As this is a risk that could put a business into insolvency, mitigating it with insurance is important. With a full commercial insurance plan, you will get the coverage you need to protect against the risk of being sued for liability. 

When you start a business in the Sun Valley or Hailey, ID area, you will likely need to get a commercial insurance plan. Those that are looking for an insurance plan in this area should call Harrison Insurance and Financials LTD. The team with Harrison Insurance and Financials LTD understands the value that this coverage provides. We can give you the necessary guidance to build a fantastic plan for your business. 

What type of content coverage should you have

Home insurance is something most homeowners have either as a requirement from their lender or by choice. Unfortunately, many homeowners are underinsured. It is estimated two out of three homes are not adequately covered. Most are more than 20% short of what they should have. That is pretty worrisome if you ever have to file a claim. At Harrison Insurance and Financials LTD in Hailey, ID, we have been providing coverage in Hailey, Sun Valley, and Bellevue for 31 years. We are locally owned and operated, which allows us to get to know our clients and their needs. 

Home insurance offers many different types of coverage. It protects your assets with liability insurance, it protects your physical structure with property insurance, and it covers your personal possession with content coverage. Content coverage is usually between 50-70% of your home replacement cost. If your home has an insurance replacement value of $100,000, your contents would be $50,000-$70,000 maximum. If you have expensive items, they should be added separately with a rider. 

Contents coverage comes in two options, actual cash value and replacement cost. The type you choose makes a big difference if you ever have to use it. With actual cash value, you will get the depreciated value of the items being replaced. An example is you have a five-year-old TV you paid $500 for. Today it is worth $200, and you will collect the lower amount. A new TV of a similar type now costs $550, and you will be $350 short of the amount you need to replace it. With replacement cost, the insurance company will give you the $550 you need to replace your TV when you actually replace it. 

Contact Harrison Insurance and Financials LTD in Hailey, ID with any questions you may have about home insurance and your content coverage. 

A Thorough Overview Of Classic Car Insurance

Harrison Insurance and Financials LTD serve the Hailey, ID community by offering residents multiple insurance coverage types. We sit down with our clients and inform them of their options to make the best decision possible. We have proudly served the community for over 25 years.

Classic Car Insurance Overview

If you own a classic car, it is unquestionably one of your most valuable possessions. It’s a special asset that must be protected. To help your vehicle maintain its classic status, consider the benefits of classic car insurance. While you are researching policies, have your car appraised. Once your car has been inspected and appraised, you will have a clear idea of its true value.

For your car to maintain its classic status, you must use your vehicle on a limited basis. You should only drive your classic car when traveling to special car shows and exhibitions in Hailey, ID. Remember that your policy will likely include a mile limit that you will have to follow to maintain coverage. As you will have your classic car in storage most of the year, you can add coverage so that you’ll be protected if your vehicle suffers damages at the storage facility.

You’ll be covered if you are involved in a collision while you are traveling or if someone vandalizes your vehicle. Liability coverage protects you if you cause damage to someone’s property. You can add emergency road coverage to protect you if your vehicle suffers engine failure while you are on the road. If you plan to renovate your vehicle and add new parts, you’ll have to amend your policy to cover the upgrades if your vehicle suffers damages.

Harrison Insurance and Financials LTD Will Help You Protect Your Investment

For more information on classic car insurance, visit our website today!

What Does Recreational Insurance Cover?

If you’re in the Bellevue or Hailey, ID area, you probably enjoy many recreational options that are local to that area. That could mean having various recreational vehicles, such as quads, dirt bikes, snowmobiles, and others. If you have those types of "toys," you’ll want to make sure they’re protected. At Harrison Insurance and Financials LTD, we can work with you to find the recreational insurance policy that’s right for your needs. Then you can get out and enjoy the local area in all types of weather, knowing you’re safe and protected so you can just have fun.

This kind of insurance is focused on protecting the recreational vehicles you have and reducing your liability risk while you’re using them, as well. You want to take precautions to stay safe, but there’s more to staying safe than just wearing a helmet or a life vest, for example. You also need to be sure that you’re protecting the investment you have in the vehicles you’re using. That comes through things like proper maintenance and good insurance that can cover you in the event of an accident or other type of problem.

Reach out to us at Harrison Insurance and Financials LTD today if you’re located in the Bellevue or Hailey, ID area. We can help you get a quality recreational insurance policy, so you can get back to enjoying the great outdoors. Insurance like this typically covers liability issues, and you can also add options such as theft and damage. That way you’ll be better protected, and you won’t have to worry as much about just getting out and having fun with your recreational vehicles. They’re there to be used and enjoyed, and you won’t get as much fun from them if you can’t do that freely. Good insurance can help.

Our Partners


  • American Modern
  • Banner Life
  • Blue Cross of Idaho
  • Chubb
  • Dairyland
  • Encompass
  • Foremost
  • John Hancock
  • Kemper
  • Liberty Mutual
  • lloyds of London
  • MetLife
  • Mountain Health
  • Nationwide
  • Progressive
  • Protective
  • Safeco
  • Select Health
  • The Hartford
  • Travelers