Harrison Insurance and Financials, Ltd

101 E Bullion St, 2A
Hailey, ID 83333

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The Ins and Outs of Insuring a Tiny Home

Tiny homes are increasingly popular in Idaho and other states across the US. These smaller homes, typically less than 400 square feet, offer an affordable and sustainable living option for many people. However, insuring a tiny home with Harrison Insurance and Financials LTD serving Hailey, ID can be different than insuring a traditional home, and it’s important to understand the details before you make a purchase.

Personal Property or Real Property?

First, it’s important to note that tiny homes can be considered either personal property or real property. Personal property includes items that are movable, such as furniture and appliances, while real property includes the land and any structures built on it. In the case of a tiny home, it’s considered personal property if it is on wheels and can be moved, and real property if it is permanently attached to a foundation.

Insuring a Tiny Home as Personal Property

If your tiny home is considered personal property, it can be insured under a standard homeowners insurance policy, but it will be classified as a "mobile home" or "manufactured home." This type of policy typically covers the structure and its contents, as well as liability for injuries or damage caused by the home.

Insuring a Tiny Home as Real Property

If your tiny home is considered real property, it will be classified as a single-family home and can be insured under a standard homeowners insurance policy. This policy type usually covers the structure and its contents, as well as liability for injuries or damage caused by the home.

Give Us A Call

When insuring a tiny home, be sure to consider any additional coverage you may need, such as coverage for detached structures, like sheds or garages. Your representative at Harrison Insurance and Financials LTD serving Hailey, ID can help make sure that you have the right protection for your tiny home. Contact us today.

Applying the 80/20 Rule to Home Insurance

Are you looking for a home insurance policy that provides coverage without breaking the bank? The 80/20 rule may be the answer. Our team of insurance experts at Harrison Insurance and Financials LTD can help explain how the 80/20 rule works and how it can help you save money on your home insurance in Hailey, ID. 

What is the 80/20 Rule? 

The 80/20 rule basically states that you’ll get coverage for 80% of what it would cost to rebuild or repair your home in the event of a disaster, up to 20% less than what it would normally cost. This means that if something happens to your house, such as a fire or a flood, your insurer will cover up to 80% of the costs associated with rebuilding or repairing your property. This can save you hundreds or even thousands of dollars depending on the size and scope of any damage that occurs. 

How Does It Work? 

For an insurance company to offer an 80/20 policy, they must first assess the risk associated with insuring your home. They will look at factors like location, age of construction, safety features, and more. Based on this assessment, they will decide if they are willing to offer an 80/20 policy for your property. If approved, you will get coverage for up to 80% of what it would cost to rebuild or repair your home in case of disaster, up to 20% less than normal. 

Benefits Of An 80/20 Policy 

The biggest benefit of an 80/20 policy is obviously financial savings. Plus, many insurers also offer additional discounts when purchasing a combined homeowners and auto insurance package with an 80/20 policy in Hailey, ID.  Contact Harrison Insurance and Financials LTD today to get started!

4 Categories of Cars That Qualify for Classic Car Insurance

Generally, a classic car is any vehicle at least 20 years old. However, other factors can contribute to a car being considered a classic, such as its make, model, and condition. A vehicle must typically be used for collector activities, like car shows or club events, rather than being driven daily to qualify for classic car insurance at Harrison Insurance and Financials LTD in Hailey, ID.

Some of the most popular categories of classic cars are:

1. Vintage Military Cars

In the early days of motoring, many car companies supplied the military with vehicles. These cars were often rugged and simple, designed to withstand the rigors of war. Today, many of these vintage military cars have been restored and are popular collector’s items. Some examples of vintage military cars are the Willys MB, the Ford Model T, and the Chevrolet Series 2.

2. Muscle Cars

Muscle cars are high-powered, V8-engineered cars that were popular in the 1960s and 1970s. These cars are often characterized by their dramatic styling and performance-oriented features. Some popular muscle cars include the Chevrolet Camaro, the Ford Mustang, and the Pontiac Firebird.

3. Luxury Cars

Luxury cars are designed for comfort and elegance. They often feature luxurious amenities like leather seats, heated steering wheels, and premium audio systems. Many luxury car brands, such as Mercedes-Benz, BMW, and Jaguar, have existed for decades.

4. Modified cars

When you modify a car, you change its appearance or performance to suit your taste. You can modify just about any car, but some of the most popular categories for modification are muscle cars, sports cars, and luxury cars. Common modifications include engine swaps, suspension upgrades, and body kits.

Get Your Classic Car The Right Insurance Today

No matter what classic car you own, getting the right insurance to protect your investment is important. Harrison Insurance and Financials LTD, serving the greater Hailey, ID community, can help you get the coverage you need. Give us a call today to get started.

Who should invest in a recreational insurance plan?

If you are in the Hailey, ID area, you will find there are a lot of great activities that you can enjoy in the great outdoors. One way to maximize your experience is by investing in your own recreational toy or vehicle. If you choose to purchase one of these assets, you should also think about your insurance needs.

There are various reasons someone here will want to obtain this type of coverage:

Protect Your Recreational Asset

An important reason anyone here should get this insurance is so they can protect their asset. If you are going to invest in any type of recreational asset, it will take money to purchase, maintain, and enjoy. To ensure this investment pays off, you will want to protect it as well as you can. If you have insurance, it will give support if the asset is damaged during an accident, stolen, or vandalized. 

Reduce Risk of Liability Claims

You also should get this coverage to offset your liability risks. There is always going to be a risk that you could cause a collision and damage when using one of these recreational assets. If you are not insured, you will have to pay for the damages on your own. Recreational insurance will give liability coverage to ensure that you are covered at all times. 

Get The Right Coverage Today

People living in the Hailey, ID area can find that owning a recreational asset is a great option. If you are looking for this toy here, getting the right insurance is important and Harrison Insurance and Financials LTD can help. Our team of insurance experts at Harrison Insurance and Financials LTD will help you properly evaluate your insurance needs. We will provide the guidance that you need to build your next insurance policy. 

Renters Insurance 101: Everything You Should Know

When you’re a renter, you may think you don’t need renters’ insurance. After all, your landlord’s insurance should cover your belongings in the event of a fire or other disaster, right? Wrong. Landlord’s insurance policies typically only cover the structure of the building- not your personal belongings.

That’s where renters insurance from Harrison Insurance and Financials LTD in Hailey, ID comes in. Here we discuss everything you need to know about renters insurance, including what it covers and how to choose the best insurance coverage for your needs.

What Is Renters Insurance?

Renters insurance, also known as tenant insurance, is a type of insurance that protects a renter’s belongings in case of damage or theft. It can also cover the renter’s costs if they need to live elsewhere while the rental unit is being repaired. Many landlords require their tenants to have renters’ insurance, but even if your landlord doesn’t require it, it’s still a good idea. Renters’ insurance is usually pretty affordable, and it can give you peace of mind knowing that your belongings are protected.

What Is Covered by Renters’ Insurance?

Most renters’ insurance policies cover three main things: your personal belongings, your liability, and your living expenses.

Personal Belongings:

Personal belongings are items like furniture, clothing, electronics, and other valuables that you keep in your rental unit. If any of these items are stolen or damaged by a covered event (like a fire or severe weather), your renters’ insurance will reimburse you for the cost of replacing them.


Liability coverage protects you if someone is injured while in your rental unit and you are found to be at fault. For example, if your child accidentally knocks over a lamp and injures someone, your liability coverage would pay for the victim’s medical expenses.

Living Expenses:

If your rental unit is damaged by a covered event and you need to live elsewhere while it is being repaired, your living expenses coverage will reimburse you for the cost of temporary housing. The amount of coverage you have for living expenses is typically a percentage of your personal belongings coverage.

How to Choose the Right Amount of Coverage

The amount of coverage you need depends on a few factors, including the value of your belongings and how much liability coverage you feel comfortable with.

To get an idea of how much coverage you need, make a list of all your belongings and estimate their value. You can use online tools like the Replacement Cost Calculator to help you with this.

Once you have an estimate of the value of your belongings, you can choose a personal belongings coverage limit that meets your needs. You may also consider getting additional coverage for high-value items like jewelry, art, or collectibles. Many renters’ insurance policies limit how much they will pay for these items, so it’s essential to read your policy carefully and ensure you have the coverage you need.

Are You Ready to Purchase Renter’s Insurance?

Now that you know everything about renters insurance, it’s time to find the right policy for your home. Harrison Insurance and Financials LTD in Hailey, ID offers great renters insurance policies that can be customized to meet your needs. Contact us today to get started.

How Much Damage Can A Flood Cause?

When it comes to natural disasters, one term is sure to strike fear into the hearts of Hailey, ID homeowners: flooding. Anything that causes excess water accumulation can cause this much trouble, from regular storms and hurricanes to heavy rain or snowfall. Let Harrison Insurance and Financials LTD help you learn more.

What Causes Flooding?

The most common cause of flooding is heavy rain or snowfall. During these times of precipitation, water finds its way into buildings or other structures through openings around the outside or inside. As a result, water can accumulate rapidly until the system cannot handle it. Even excess water can cause significant damage, as it splashes against walls, furniture, and other objects. Rain and snow can also cause sudden changes in water levels near a river, lake, or estuary.

How Much Damage Can a Flood Cause?

According to FEMA, even just an inch of flood water can cause a combined loss of over $26,000. This cost increases not only with higher flood waters but the size of your home and the value of your furnishings. Add to this the cost of cleaning and drying out the excess water, and you have a total loss that has the potential to go over $100,000.

Flood Recovery

Having flood insurance is the most crucial step to recovering from a flood. It covers covered losses and helps with rebuilding.

NFIP policies are issued by private insurers and separate U.S. government flood policies. The NFIP provides guidelines for homeowners who qualify. This is done through a licensed agent.

Contact Us Today

You don’t want to be caught in a flood, but you can protect yourself with flood insurance. Contact Harrison Insurance and Financials LTD in Hailey, ID to ensure you’re covered in flood.

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. 

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