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. 

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.

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. 

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!

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.

As a renter, you may not have considered what renters insurance can do for you. It can help you survive a hazard that damages or destroys your rental. Harrison Insurance and Financials LTD in Hailey, ID has been providing service to the area for more than 30 years. Our well trained and professional team will do the hard work of finding the best coverage for our customers. 

Personal possessions

Imagine losing everything you own to a fire or a tornado? It could just be the loss of your laptop to a theft. Having to replace these things out of your own pocket could be very difficult. This coverage will have a deductible, but your insurance will help you replace your lost possessions after that. 

Liability coverage

You may not have ever thought about it, but what would you do if someone sued you. It can happen. It could be the result of an injury that someone gets while visiting your rental. A slip and fall isn’t unusual. It could be your child or pet does damage to someone’s property. Legal actions happen, and if they are against you, it can cost you everything you have. It can even cost your future earnings. Liability insurance helps protect you against this and also the legal cost involved. 

Loss of use

When your rental is devastated by a covered hazard, it may not be habitable. What would you do? You can stay in a hotel for the immediate future, but then you will try to find a temporary rental until you can move back to your home. A renters policy usually covers these costs. 

At Harrison Insurance and Financials LTD in Hailey, ID, we are happy to explain everything that a rental policy can do for you. We will do this on the phone or at our office. Contact us as soon as possible, and let us give you a no-obligation quote.

Umbrella insurance is a specific type of insurance that provides additional coverage on top of other personal insurance, such as auto, homeowners, motorcycle, and watercraft. If you have never had this insurance before and are thinking about getting it, Harrison Insurance and Financials LTD, serving Hailey, ID, has prepared the list of things you should know:

What does it cover?

The coverage applies to you and other family members in the same household, including children, spouses, and other relatives in your care. It protects you over and above the limits of your auto, homeowners, or boat/watercraft insurance, as well as personal injury liability, such as false arrest, libel, and some others. Also, umbrella insurance follows you, which means you are protected worldwide. 

Why do I need it? 

Umbrella insurance is an extra layer of security. Plus, it is beneficial for those who are going to add a teen driver to their auto insurance policy. Since most umbrella insurance claims involve auto losses, this specific type of insurance will give you peace of mind when your teenage driver is behind the wheel. 

What is not covered by umbrella insurance?

This type of insurance will not cover damages caused to your personal belongings, intentional or criminal acts, injuries, or damages to the property in certain situations (for example, using uncovered recreational vehicles), other people’s injuries, or damage that your company is liable for. 

The more assets you have, the more critical it is for you to have umbrella insurance to provide you with the necessary protection and peace of mind. Harrison Insurance and Financials LTD, serving clients in Hailey, ID, is a team of professionals who will be glad to assist you and answer all your questions regarding this policy. Do not hesitate to give us a call and talk to one of our experienced insurance agents. 

Flooding can be a serious threat to your home. It can cause significant damage, and without flood insurance, it could cost you big time financially. Depending on where you live, if it is a high-risk flood zone, you may be required to have flood insurance in addition to your typical homeowner’s policy. Flood insurance can be purchased through the National Flood Insurance Program, or it can be acquired through independent and private insurers.

At Harrison Insurance and Financials LTD in Hailey, ID, we are independent agents, and we work hard to make sure you have adequate flood coverage at an affordable price. We deal with several different companies and are always on the lookout for the best pricing and plans.

Why Choose an Independent Agent?

Independent insurance agents can be a great choice when you’re choosing flood insurance for your home because we deal with many companies. If your circumstances change, you don’t have to change your insurance company. If you need to file a claim for flood damage on your home, we can be there for you as an advocate and make sure you get the most out of your situation. Independent insurance agents can get the best values and types of plans from different companies since we work with several different agencies at the same time.

Agents Who Are On Your Side

Give us a call to schedule an appointment with Harrison Insurance and Financials LTD of Hailey, ID. We will be happy to discuss your options and what your needs are so we can match you up with the best flood insurance plans and services we can find. We look forward to seeing you.