What could be better than getting on your motorcycle in Salt Lake City, UT and heading out to the open road? In the state of Utah, motorcycles are required to carry basic insurance. The requirements are bodily injury $25,000 for each person up to a total of $65,000 if more than two people are involved. Property damage coverage of $15,000 is also mandated. While PIP is not required on motorcycles, it is something you may want to consider since Utah is a no-fault state. These are the basic required coverages, but do you need more motorcycle insurance? Talking to the team at M8 Insurance can help you to decide.

If you have little or no assets then you may be perfectly happy and adequately covered by basic motorcycle insurance. But if you own a home or have other savings and assets you may want to consider increasing the amount of liability insurance that you choose to carry. Liability insurance can help protect you in the event that you are sued and incur both legal costs and the possibility of a judgment against you. 

If you have a newer motorcycle chances are that you have a loan and when you have a loan your lender will require that you have collision and comprehensive coverage.  Once the loan is paid off you may be tempted to go for the less expensive option of dropping collision and comprehensive. This means that if you have an accident where you are deemed to be at fault, the responsibility to repair or replace your bike will fall to you. Especially if you have a custom bike this could be a very expensive proposition.  

Why not stop in at the office of M8 Insurance in Salt Lake City, UT or give us a call. We know the laws in many states and also understand the benefits of full protection for the investment you have in your motorcycle. 

 

When you’re fortunate enough to own a boat in Salt Lake City, UT, you want to make sure that it’s protected year-round. While you’re probably not going to go boating in the dead of winter, that’s no reason to get rid of your boat insurance. At M8 Insurance, we’re here to tell you why you should keep it.

Protect Your Investment

You want to make sure that your boat is protected. If something happens to it when it’s not in use, you want to know that you can call the insurance company and file a claim. This ensures that the insurance takes care of the details for you.

Avoid Out of Pocket Expenses

Even though the boat may not be in the water, it can still get damaged. It may get damaged while it’s in dry dock. Someone could vandalize it, and it may even get stolen.

If you get rid of your insurance policy in the winter months, you would be financially responsible for any damages – and this can add up to a significant amount of money.

Ensure It’s Protected Where It’s Stored

Since there’s no way of knowing what could happen to your boat in Salt Lake City, UT, the best thing to do is get a policy that covers all of the worst-case scenarios. Make sure that your policy is built so that it protects your boat wherever you choose to store it over the winter. Talk to your insurance agent about riders that can be added to the policy for further protection, too.

At M8 Insurance, we’re here to help you protect your boat in the winter, and all year long. Call us today to speak to one of our insurance agents. We’ll make sure that you know why you should have coverage throughout all 12 months of the year.

 

Accidents happen in homes every day. Someone can unexpectedly trip and fall or break an arm. But, if there is a pool or a trampoline, the risk level for homeowners increases. Homeowners manage their risk with insurance policies so they can repair damages and have liability protection. Homeowners’ policies have caps to the amount that they will financially cover. When that is reached, the homeowner is responsible for any additional expenses. An umbrella policy provides additional financial protection when the other coverage is done. In the Salt Lake City, UT area, the agents at M8 Insurance will answer any questions that you have about your current policy and whether the protection of an umbrella policy is a good idea for you and your family.

Insurance, particularly umbrella policies, provide significant protection of your assets. Consider if someone were to slip and fall beside the pool breaking their leg. If you are found liable for the accident, you’re responsible for their medical expenses. If they pursue their right to sue you, you could be accountable for their legal fees as well. Your homeowner’s policy will cover these costs. However, if your policy only covers up to $250,000 and the costs are $400,000, you’ll have to pay the balance out of your pocket. An umbrella policy goes into effect when the underlying policy is exhausted. This is much needed financial protection when you most need it. They also provide coverage in cases of invasion of privacy, libel/slander, things other policies don’t usually cover.

The team at M8 Insurance understands that you need adequate coverage that you can understand but don’t want to over-insure. Call or visit us in Salt Lake City, UT today to get all of your insurance questions answered and a quote. Protect your home and family today!

Salt Lake City is a great place to live and own real estate. However, it is also a unique area that comes with some risks that may not be prevalent in other communities across the country. One risk that you can have is the risk of having your home damaged by a flood. There are several things that you should know about flood insurance when looking to mitigate against the risk of a flood. 

May Be Only Option for Coverage

One factor about flood insurance that many people do not understand is that it could be your only option for flood coverage. While you may have a great home insurance policies, certain areas of Salt Lake City that are located in a flood zone may not permit your insurance provider to give you coverage for flood damage. Instead, you will need to get a separate flood insurance policy.

Mortgage Requirements

Many property owners in the Salt Lake City, UT area will also find that it is required by their mortgage lender. A mortgage lender will always confirm whether or not your property is in a flood zone. If it is, your lender may require that you carry flood insurance. This will always be the case if you get an FHA loan. Most lenders will also escrow for it on a monthly basis. 

If you have a home in the Salt Lake City, UT area and think that you may need flood insurance, you should contact M8 Insurance to start the process. The insurance professionals at M8 Insurance will help you to better assess your situation to figure out if you need to get flood insurance. They can then help you to get into a policy that will give you coverage against the damage that can occur during a bad flood. 

Owning a home is a large part of the American dream, but as we grow older a house may become more of a burden than a comfort. If you are retired or nearing retirement age, you may be considering downsizing your living situation for a variety of reasons. The team at M8 Insurance is here to help all the residents of the greater Salt Lake City, UT area finds the right insurance to cover their home and belongings, whether it’s a house or a condo.

Condo living is popular among retirees

Condo living provides many social activities that retirees enjoy and helps them to feel less isolated after they stop working. There are a variety of different reasons that people downsize their home at or shortly before retirement, not all of them financial. If it has been your dream to travel the world, you will feel a lot better when you are away knowing that your condo is safe. Having a condo board that is looking out for the care and maintenance of your building allows for a lot of peace of mind than being away knowing that your house is sitting empty.

Retirees have more time to do fun things, and maintaining a home may not be something that they want to spend their time doing. Whatever the reason for your condo living, make sure that your condo insurance policy provides you with the coverage that is required to protect your home and valued possessions. 

Want to learn more about your options for condo insurance? Call or stop by the M8 Insurance office today and we can help you make sure that your greater Salt Lake City, UT area home has the protection you need to enjoy your retirement years!

Your commercial insurance is an important part of your business, even if you likely have a tendency to ignore it on a daily basis. But you may want to think about how your policy affects your business now rather than later on. M8 Insurance has been helping owners in Salt Lake City, UT get the coverage they need for many years, and we don’t want to see anyone left high and dry in the case of an unexpected event. 

1. Neighborhoods Change 

Neighborhoods aren’t static from year to year (or even month to month). Yet it’s not always easy to see the changes when you interact with the same location and street day after day. If your neighborhood is starting to see more crime though, you may want to increase your coverage to fit the risks. 

2. Business Interruption

Your commercial insurance policy may cover floods in Salt Lake City, UT, but will it cover your income if you have to close for several months for repairs? Business interruption insurance is there to provide you with income (based on past revenue) in case you’re unable to keep your business open. 

3. A Quality Partner 

Do you feel comfortable calling your business insurance company and asking questions about your policy? Do you know if you’ll get the right answers even if you do contact them? If you’re not confident in your insurance company, you may not be as proactive as you should be — which can lead to trouble down the road. 

M8 Insurance wants to help business owners get a grip on their policy, so they don’t have to fear the future. If you have questions or are thinking of changing or renewing your coverage, call today to get the answers you need. 

Many businesses use private, small aircraft in their operation. Individuals own small aircraft to fly for recreation or to travel by air without undertaking the hassle of using a commercial airline. In any event, these aircraft must be insured against both liability and damage. 

Aviation insurance covers most types of private planes, including vintage aircraft and even seaplanes, explains M8 Insurance, serving Salt Lake City, UT. Private aircraft owners are obliged to carry specific insurance because standard property insurance does not cover the types of legal claims that can arise out of owning and operating private aircraft.

No standard aviation insurance policy exists. However, private aircraft owners, whether a business or an individual, are obliged to carry liability insurance in case of mishaps, such as crashes or emergency landings. Such coverage would cover the injury or death of passengers and people who happen to be on the ground during a crash, as well as property damage.

An aviation insurance policy can also cover damage to the aircraft, whether while in operation or while stored in a hanger. Other costs that might be covered by a policy may include those incurred during an emergency landing and during a search and rescue operation if the aircraft goes down in a remote area.

What is covered by an aviation insurance policy and how much the premiums cost largely depends on what kind of aircraft is being insured. It should be noted that home-built aircraft tend to be more expensive to insure than those that are purchased.

For questions concerning aviation, coverage feels free to contact M8 Insurance, serving Salt Lake City, UT.

If you are a farmer, you should consider purchasing farm insurance. Unfortunately, many people are unsure of what farm insurance is, what it covers and what its benefits are. At M8 Insurance, serving the greater Salt Lake City, UT area, we want to educate you on this important insurance product. Here are three important benefits of farm insurance. 

Protects Your Crops and Livestock

One of the major benefits associated with farm insurance is that it protects your crops and livestock. You cannot control certain things. For example, you cannot control the weather and any damage it does to your crops. You can also not control an illness that may hurt your livestock population. Unfortunately, these elements can affect your income. Farm insurance covers losses that you may sustain due to elements that are out of your control. 

Covers Farm Buildings

Another benefit of farm insurance is that it protects your farm buildings, such as barns and silos. These buildings can incur damage, just like a home can. Storms, fires and flood can all causes thousands of dollars worth of damage to these types of buildings. Farm insurance protects the investment you have made in these buildings. 

Covers Farm Equipment

The final benefit associated with farm insurance is that farm insurance covers your farm equipment. Farm equipment, such as tractors and plowing equipment, can be expensive. Unfortunately, unexpected events can cause damage to your equipment and machinery. Farm insurance helps to cover the costs associated with repairing or replacing the items if they are damaged in a storm, vandalized or stolen. 

Every farm insurance policy is different and what is covered can vary. At M8 Insurance, serving the greater Salt Lake City, UT area, we can help you find the right farm insurance product for you. Contact us now to get started. 

Your RV is a huge investment, and you need to protect at all times, even when you put it in storage or won’t be using it for a few months. At M8 Insurance, the agents are available to help Salt Lake City, UT residents reduce their risk of financial loss while their RV is in storage. We can give you tips on how to winterize your RV and other storage tips that will help you keep your RV safe and sound all year long. 

Winterize the Plumbing

If you live in an area where the pipes could freeze, you will want to drain the plumbing and make sure a non-toxic anti-freeze is flushed through the system.  This will remove as much of the moisture as possible and keep your pipes from freezing.

Store it Inside If Possible

If you live near a large storage facility, it may be worth the cost to store your RV inside one of their buildings. This will reduce the risk of any type of wind or hail damage and may also protect it from mice and other rodents.

Keep It Locked

Whether you store your RV in a locked storage facility or on your property. Always keep it locked. This will not only reduce your risk of theft but will also prevent children and other unwanted individuals from gaining access and tearing up the inside.

Salt Lake City, UT residents can get the RV insurance they need by calling M8 Insurance and talking to one of our reputable agents. Contact our office today and make an appointment to learn more, no matter what state you live in! You will be glad you made the call!