Ordinary renters insurance does not cover an important hazard: cyberattacks. At M8 Insurance in Salt Lake City, UT, serving all of Utah, we recommend that homeowners and renters get cyber insurance.

What does cyber insurance cover?

Cyber insurance helps you resolve the situation if you are attacked by ransomware. If your online accounts are compromised, it helps to cover your losses and notify your banks and creditors of the situation.

But that’s not all. Some other benefits of cyber insurance for renters include:

• Media liability. Cyber insurance coverage can protect you in case of defamation lawsuits arising from your or your family’s use of social media. It can help you find and pay for an attorney and discharge any court judgments for your case.
• Privacy liability. If sensitive information about your employer, friends, business associates, or customers is hacked from your computer, privacy liability coverage can help you limit the problem and pay for damages.
• Continuity of your home business. A cyberattack can put you out of business for months if you operate a home business. Business interruption insurance can replace the income you lose when your computer is compromised, and your home business has to cease operation.
• Reputation management. Your cyber coverage can help you with the costs of restoring your reputation after hackers use your computer. This is particularly helpful if you are the victim or you are accused of cyberbullying.
• Errors and omissions. Cyber coverage can help you with contractual obligations at work when your computer is tampered with.

Your renter’s cyber insurance can also help you notify the people affected by a breach in your home computer security.

Cybercoverage is a complicated subject. M8 Insurance has the answers to your questions. We can help you avoid cyberattacks and help make you whole when they occur. Call us today!

Specialized Insurance Coverage for Towing Personal Items Behind Your RV

Do you plan on towing personal items behind your RV next summer? If so, you might need to secure specialized insurance coverage. Some insurance products are specifically designed to provide protection for possessions during towing.

Theft and Vandalism

A specialized towing add-on that affords liability protection will cover the cost of repairing and replacing belongings. Your standard RV insurance policy may only protect the possessions stored inside your RV.

Any personal items that are going to be placed on a towable trailer might need to be insured separately. Towing add-on coverage offers protection throughout your travels. If insured items are damaged or stolen, your coverage will pay for the repair or replacement of those items.

Total Loss

Whenever you tow items from one location to another, you increase the risk of an accident. An accident resulting in total loss could require you to pay a substantial amount to replace the damaged items.

Total loss coverage is designed to mitigate the out-of-pocket costs that an RV owner is confronted with. This type of coverage will bear the expense of replacing your equipment. You can include total loss coverage for your trailer, tow bar, or any other essential equipment required for towing items behind your RV. The value of your equipment should be considered before adding a total loss add-on to your existing RV insurance policy.

Agent Support

You can acquire specialized RV insurance through one of our agents representing M8 Insurance. An agent serving the Salt Lake City, UT region will elaborate on the specialized insurance types we offer. After you select your preferred coverage, they will update your RV insurance policy.

Choosing the right motorcycle insurance can be tricky. At M8 Insurance, we proudly provide motorcycle insurance in the greater Salt Lake City, UT, area; we’re here to help you avoid common pitfalls. Let’s dive into some mistakes riders often make and how to avoid them.

Overlooking Coverage Options

One major mistake is not fully understanding the available coverage options. Many riders opt only for the minimum required coverage, which might not be enough in case of an accident. Comprehensive and collision coverage can provide peace of mind by covering a wider range of incidents.

Ignoring Discounts

Riders often miss out on discounts that could save them money. Insurance companies offer discounts for factors like completing safety courses or having a clean driving record. Make sure to ask about available discounts to get the best rate.

Skipping the Fine Print

Another standard error is not reading the policy details. Riders may assume they’re covered for specific situations, only to find out later that they’re not. It’s important to carefully review your policy and ask questions if anything is unclear.

Choosing Based on Price Alone

While it’s tempting to choose the cheapest option, this can lead to inadequate coverage. Consider the insurance provider’s reputation and the quality of their customer service. Balancing cost with comprehensive coverage is key.

Not Updating Your Policy

As circumstances change, your insurance needs might too. Whether you’ve upgraded your bike or moved to a new location, keeping your policy updated ensures you’re always adequately covered.

Call Us Today to Learn More

Ready to find the perfect motorcycle insurance? Contact M8 Insurance in Salt Lake City, UT, today. We’re here to provide expert guidance and the coverage you need to ride with confidence.

At M8 Insurance, we understand the enjoyment that Salt Lake City, UT, residents get from their year-round lake visits, often leading to increased boat use and upgrades such as equipment additions or cabin renovations during the summer season. If you are one of these boat owners, an update on your boat insurance may be needed.

Boat Improvements and Insurance Review

Particular boat upgrades like the ones below, call for an insurance review:

• Cabin renovations
• Radar equipment incorporation
• Adding a mural to the boat.

These enhancements increase the boat’s value and your insurance coverage should reflect this increment.

When procuring boat insurance, you need to declare your boat’s value or show the purchase receipt to establish its actual value. This value forms a tangible part of your insurance policy; in case of a total loss, it’s the amount you’d receive. Any additions you make, like a boat renovation or new radar installation, would increase its value. Consequently, an insurance review can help reflect this new value in your policy.

Boat Insurance Updates

An insurance review helps identify the kind of boat insurance modifications needed to adequately cover your boat upgrades. If your enhancements are equipment based, a rider would ideally protect it at its full value. If you’ve added a mural to your boat’s hull or renovated the cabin, it enhances the overall boat value and the policy must be accordingly updated.

Contact Us Today

Reach out to M8 Insurance today via call or email to schedule an insurance review. Before exploring the waters around Salt Lake City, UT, be assured that your boat and all its contents are completely covered by your updated boat insurance.

Insurance is important for everyone, particularly in Salt Lake City, UT. With correct insurance coverage, you can safeguard your assets while acquiring other support forms. A must-consider insurance plan is umbrella insurance, which offers valuable liability coverage. It’s crucial to consider certain factors to construct an appropriate umbrella insurance plan.

Assessing Your Assets and Worth

An umbrella policy ensures the protection of your personal assets. If you are responsible for an accident, you may have to pay damages from your own resources. An umbrella coverage can assist in managing this risk. Typically, you will require liability coverage equivalent to your net worth should you need to pay damages as a result of a lawsuit. 

Considering Personal Risks

It would be best to consider your personal risks, as other insurance plans may not cover that. With an umbrella policy, it’s possible to get coverage against the majority of personal liability risks. This insurance is beneficial, especially when you are at high risk of libel, slander, or other dangers associated with your job or lifestyle. An umbrella policy can be designed to limit and manage these risks in the future. 

In Salt Lake City, UT, it’s essential to ensure that you have ample coverage, including umbrella insurance. When shopping for coverage, please contact M8 Insurance. Our team will guide you through crafting a new policy that ensures adequate coverage.

Condominiums are increasingly popular in Salt Lake City, UT. They typically require less maintenance than traditional homes, provide limited access to outsiders, and serve as the perfect option for secondary or vacation homes. If you have questions about condo insurance, don’t hesitate to contact us at M8 Insurance.

Types of Condo Insurance Coverage

Basic Bare Walls In Policy

This type of condo insurance covers the condo from the framing inward. Please note that this coverage does not extend to appliances, furniture, or personal belongings.

HO-6 Coverage

Commonly chosen by condo owners, HO-6 coverage insures the condo unit from the inside walls, including fixtures, appliances, furnishings, and personal belongings.

Liability Coverage

Liability protection insures you against financial losses resulting from any injury claims within your condo.

Assessment Protection

This optional cover can potentially cover costs for large assessments levied by your association for various reasons, including covering costs not covered by the association’s fees or insurance.

Association Coverage

This insurance is provided by the condo association and is paid through owner’s fees. It’s designed to cover common areas, exterior features, structural components, and liability risks.

Are You Fully Covered?

It’s crucial to ensure that your condo insurance meets the needs of your lender and association while minimizing your financial exposure in case of a loss. The best time to review your coverage is at the time of purchase, but occasional reviews are essential.

Review Your Condo Insurance with M8 Insurance Today

Contact us at M8 Insurance in Salt Lake City, UT, for a no-cost, no-obligation review and quote for your condo insurance. We’re here to provide answers and help you understand your coverage.

If you own a business, then you know about risk. Businesses take many types of risks when they operate. From damage to property to accidental destruction of goods being sold, many things can happen that can have a lasting financial impact on your commercial enterprise.

This is why most businesses choose to get commercial insurance: to help mitigate financial risk and protect their business in the long term. M8 Insurance, servicing Salt Lake City, UT, can help businesses decide which type of commercial insurance is right for them and then help that business find the best policy for their needs.

What Is Commercial Insurance?

Commercial insurance is a type of insurance that covers various events to provide financial protection to businesses. Commercial insurance comes in many different types, including commercial general liability, property insurance, business interruption insurance, and so on.

Many businesses only need some of these types of insurance, not all. It’s important to choose an insurance agent who will help you select the coverage that is most likely to meet your business’s needs.

Who Needs Commercial Insurance?

If you have a business, then you have assumed some risk. Many problems can occur to your business, which various types of insurance can cover. If you have a business, talking to your insurance agent is important. 

How Can I Get the Right Kind of Commercial Insurance?

Get the correct type of insurance for your business by talking to your insurance agent at M8 Insurance, servicing Salt Lake City, UT. We can help you determine which coverages will best suit your business’s needs.

If you rent your home in Salt Lake City, UT, you should carry renters insurance for financial protection. We offer renters insurance policies at M8 Insurance.

Here are four common inaccurate assumptions you don’t want to make about renters insurance.

Renters’ insurance policies cover everyone living in a rental unit.

You cannot rely on a roommate’s policy to provide you with renters insurance coverage. Renters’ insurance policies typically only cover the policyholder. Those living in a rental unit with an insured tenant need to buy their own policy if they want coverage. 

You can use renters insurance to cover the costs of dealing with a pest infestation.

While renters’ insurance can compensate you for the loss of personal property due to an incident like a fire, renters’ insurance does not cover damages caused by a pest infestation. 

If you experience a pest infestation in your rental unit, you’ll have to pay any resulting costs out of your own pocket if your landlord won’t cover them. 

Renters insurance only covers you for liability costs.

While liability coverage is one of the most important features of renters insurance, liability expenses aren’t the only type of expenses that this type of insurance covers. Renters insurance also covers policyholders for other expenses, including loss of or damage to personal property. 

Renters insurance covers damage caused by flooding.

If your rental unit is in an area prone to flooding, you’ll need to buy separate flood coverage. Standard renters insurance policies typically do not offer any coverage for flood damage. 

Find the right renters insurance in Salt Lake City, UT, with our help at M8 Insurance. Get in touch now, and we can quote you a policy that will cover your rental unit.

Embarking on an RV conversion project is a journey of creativity and transformation. DIY enthusiasts invest time, effort, and passion in turning standard recreational vehicles into personalized mobile homes. As the RV undergoes modifications, it’s crucial to consider the unique insurance needs that arise from these conversions, especially if you live in or around the Salt Lake City, UT area.  

Understanding the Risks of RV Conversions

RV conversions involve structural modifications, installation of custom features, and often an increase in the vehicle’s overall value. Insurance coverage must address these items:

• Enhanced Value: The changes and additions contribute to the converted RV’s overall value.
• Specialized Equipment: Customized features and installations may require additional coverage beyond standard RV insurance.
• Liability Risks: With the personalized nature of conversions, liability risks may increase, necessitating comprehensive liability coverage.

Coverage Tailored to Enhanced Value

Umbrella insurance is designed to provide coverage that aligns with the increased value of RV conversions. It is an add-on to the original policy and works as a supplement covering:

• Agreed Value Coverage: Establishes a predetermined value for the converted RV, ensuring owners receive adequate compensation for a covered loss.
• Custom Equipment Coverage: Extends coverage to specialized components and features, ensuring that custom additions are included in the overall coverage.

Addressing Liability Concerns

Customized RVs may bring about unique liability challenges, and umbrella insurance offers solutions:

• Increased Liability Limits: Raises liability coverage limits to provide ample financial protection in case of legal liabilities arising from accidents or injuries.
• Personal Injury Protection: Provides coverage for medical expenses and other costs associated with personal injuries, offering an additional layer of protection.

M8 Insurance Can Help You

At M8 Insurance, we can help answer questions concerning RV insurance. We serve the Salt Lake City, UT area. Contact us today. 

Motorcycles can be a great mode of transportation in the state of Utah. When you have one in the Salt Lake City, UT area, you will find that they are both fun to use and offer an efficient way to get around. If you want to buy a motorcycle here, getting the right motorcycle insurance plan is also very important. While you may enjoy using a motorcycle for recreational reasons, there are various reasons why it is always a good idea to get a motorcycle insurance plan in this area. 

Meet State Requirements

A reason to have a motorcycle insurance plan in Utah is to make sure you meet state laws. Just like in other states, you will need to have a liability plan when using a vehicle. If you do not have this type of insurance, you will be in violation and can be penalized. Also, you will still be responsible for any damages that could be caused.

Cover For Your Motorcycle

Investing in motorcycle insurance is critical as it protects your bike from potential theft or damage. Without coverage, you risk a complete loss, threatening the longevity of your investment and your ability to use it in the future. This insurance, with comprehensive support, ensures the protection and enjoyment of your valuable asset if it is damaged or stolen.

When trying to protect your motorcycle in the Salt Lake City, UT area, you will want to know that you have the right motorcycle insurance plan in place. As you are looking for this coverage here, you can call our team at M8 Insurance to discuss your needs. Our professionals at M8 Insurance know the value of this coverage and will offer any support needed to build a new policy.