Renters Insurance

If you plan to rent the place you call home, it is very likely your landlord or property management company will require you to carry renters insurance. Even if it is not a requirement, it is in your best interest to have insurance that covers you and your personal property.

The cost of a renters insurance policy averages around an affordable rate of $180 per year. Many factors like the amount of coverage you need and the type of coverage you choose will determine the actual cost of your policy.

A typical renters insurance policy, also known as a HO-4 policy, covers damage and loss of your personal property due to events such as Smoke, Fire, Theft, Vandalism, Falling Objects, Windstorm, and Hail. It is important to know that losses due to floods and earthquakes are not covered by your renters insurance. If you live in an area where either of these is common, you may want to inquire about a separate policy that will cover your personal property.

Another coverage that is included in your renters insurance policy is liability coverage. This protects you when someone is injured in your home or if you accidently injure someone who is visiting you in your home. You may be faced with paying legal expenses, court judgements, and medical-payments for the injured person which will be covered by your renters insurance up to the limit stated in your policy.

Tenant insurance, another name for renters insurance, is very similar to homeowners insurance; however, it is less expensive since it is not necessary to have coverage for the outside of the building nor the building structure itself. Similar to homeowners insurance, your renters insurance will even cover you if you are displaced from your home due it being destroyed in one of the events listed earlier.

At The Olderman & Hallihan Agency, our agents will review with you our standard HO-4 policy and assist you with deciding if you need to make any additions to the policy. Call us at (203) 734-1601 or Contact Us today to get your renters insurance policy in place.

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Medicare Supplements

Medicare is a government-sponsored health insurance program for people who are 65 or older. Typically, Medicare plans cover about 64 percent of your annual health care expenses. Many choose Medicare Supplements to help cover most of the remaining 36 percent of medical costs not covered by their Medicare plan.

Connecticut offers a number of plans under its Medicare Supplement Health Insurance. Some plans cover extra expenses like deductible costs, co-payments and coinsurance. Others offer coverage for prescriptions, vision, and dental. Deciding which supplement plan is best for you can become confusing and frustrating.

The Olderman & Hallihan Agency is prepared to answer any questions you may have about Medicare Supplements. Our agents will explain your options and design a plan that gives you the comfort of knowing your medical expenses are covered.

You may call The Olderman & Hallihan Agency at (203) 734-1601 to speak with one of our agents or Contact Us and we will set up a time to go over your Medicare Supplements needs.

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