Umbrella insurance is a kind of insurance that is used as coverage for when caps are met on other insurance policies, or when you are facing a unique liabilities situation. You don’t need to be a business owner to need umbrella insurance, but it does help to serve as additional protection in a commercial setting.

At M8 Insurance, we want Salt Lake City, UT residents and business owners to be protected from every possible liability scenario. Find out if you need Utah umbrella insurance.

What is Umbrella Insurance?

Umbrella insurance is an insurance policy that provides protection against liabilities where the costs extend beyond base caps and base policies. If you have a car accident for example, and your own auto insurance policy does not offer enough coverage, you can make a claim on your umbrella insurance. The same applies to liabilities on your homeowner’s insurance.

There are other legal scenarios in which umbrella insurance is frequently used:

• Libel, slander, and defamation
• False imprisonment
• Malicious prosecution
• Illegal eviction or unlawful entry by landlords
• Privacy invasions

Do You Need Umbrella Insurance?

You may want umbrella insurance if you are worried you might get wrongfully sued or if you have some additional professional concerns. Tenants could also benefit from it, as we live in a world where landlords like to bend the rules to take advantage of tenants.

People with wealth are also often targets of crime and malicious lawsuits. So are people that serve on the boards of non-profits.

This is a world of lawsuits. Additionally, there are liabilities everywhere. If you have a pool, staff in your home, parties in your home, or a lot of people in your place of business, you could benefit from umbrella insurance.

Where there are extra people, there are places where you increase your exposure to frivolous lawsuits or crime.

Get a Quote

If you are wondering if you need umbrella insurance, then you probably do. It is an affordable way to increase your security and protect you from risks. At M8 Insurance, we want Salt Lake City, UT residents to be protected from every risk. Call us for a quote today.

Floods in the United States cause billions of dollars of damage every year. There are many misconceptions about flood insurance. It is important to understand that any property can be affected by floods, which makes flood insurance is so important and beneficial. However, there are also many misconceptions associated with this type of insurance. Many of them have nothing in common with reality. Keep on reading to find out what are the most common myths about flood insurance that should be debunked. 

Floods Do Not Cause Much Damage

One of the most common myths is that floods do not cause any significant damage, which means that flood insurance is not necessary. However, according to FEMA, just one inch of water can cause about $25,000 worth of damage. The higher the water gets, the more damage to the home’s structure and contents.

Flood Insurance Is Only For Homeowners

Businesses also can be affected by floods, especially if they are located in a flood-prone area. Therefore, they can also benefit from flood insurance that will pay for rebuilding and renovations. Flood insurance is also available for condos and rented property. If you buy flood insurance, and you live in a place you are renting, flood insurance will cover your furniture and personal belongings. 

Homeowners Insurance Covers Flood Damage

Another common myth is that a standard home insurance policy covers damage caused by floodings. It is not true, and if you want to make sure that your property is fully protected, you have to purchase a separate flood insurance policy. 

M8 Insurance serving Salt Lake City, UT – Get Insurance Addressing Your Needs and Budget

If you own a property, whether residential or commercial, you will definitely benefit from food insurance. M8 Insurance is an insurance company serving clients in Salt Lake City, UT and other surrounding towns. Our knowledgeable insurance agents will be glad to answer your questions and help you find a policy based on your needs and budget. 

Residing in a luxury condo in Salt Lake City, UT is a formidable investment. Condo insurance accords you the liberty of safeguarding your assets. It even covers your possessions if they are stolen or get damaged by a covered peril like theft and hail. Condo insurance collaborates with additional coverages offered by the homeowners association in protecting your unit structure and personal belongings. Did you know even an invitation for guests even in your condo in Salt Lake City, UT can culminate into lawsuits and medical expenses propagated by injuries while residing on your premises? Worry not because an ultimate solution is here! Contact us at M8 Insurance; we offer personalized condo insurance coverages suiting your specific needs.

Personal property protection

All your most precious assets, including your furniture and electronics, are shielded from imminent perils like fire accidents and other prevailing natural catastrophes. This formidable protection inculcates peace of mind by knowing that you and your belongings are safeguarded from losses.

Liability protection

Acquiring formidable condo insurance in Salt Lake City, UT covers medical expenses for injuries sustained by your guests visiting your condo. This form of coverage caters to bodily injury and property damage, including legal fees for injuries or damages you propagate to other parties.

Provides additional living expenses

Did you know that condo insurance can cater to additional expenses when your condo becomes unlivable? It pays extra expenditure like hotel bills when your condominium becomes uninhabitable after being damaged by a covered calamity and you are residing elsewhere temporarily.

Protects your pets

You can customize your condo liability coverage to cover your pets. If your pet bites a guest while in your condo, you will be covered. This policy extends protection even if your pet inflicts bites to third parties away from your condominium.

Are you searching for spectacular condo insurance in Salt Lake City, UT to protect your condo unit and your belongings? Please call or visit us at M8 Insurance to customize a competitive quote that suits your lifestyle and budget.

Sometimes it is puzzling to initiate a business in Salt Lake City, UT. Have you ever took time to reflect on all the hard work that you have channeled towards the thriving of your business entity? By all means, the chief mission is to safeguard your business against imminent perils like fire and theft, and this is where commercial insurance kicks in. Safeguarding your business in Utah might be cheaper than you think. Would you like to get more information about types of commercial insurance that will suit your business? Don’t hesitate to contact our agents at M8 Insurance today for any commercial insurance needs.

Is commercial insurance beneficial?

Any business operation is susceptible to many forms of risks in Salt Lake City, UT. These risks range from employees getting injured, clients filing lawsuits to strikes of natural calamities. For these and many other reasons below, it’s vital to secure salient commercial insurance.

Protection of the workers: Most business owners perceive that the products they sell are the most valuable assets compared to the employees who work for them. It’s regrettably because employees are an integral component that propels your business. Safeguarding your employees also means shielding the company from liability claims and lawsuits. Acquiring workers’ comp insurance ensures that your employees and your business are fully protected.

Protection from imminent lawsuits: As a matter of fact, we are living in a very litigious society where people get sued right, left, and center. One broken contract or a disgruntled worker can result in massive financial ruin in your business by filing lawsuits. Liability insurance insulates you against these perils, creating a secured environment to run your business.

Protect your business against cyber attacks: Cyber liability policy covers certain losses related to data breaches. It will also help you pay costs culminating in a data breach like customer notification or legal fees.

Protect your assets: Property insurance protects the building and its content against covered perils like fire, theft, natural calamity, and any other arising impact on your business income.

It’s safe to conclude that the future of business in Salt Lake City, UT is unpredictable, and anything can happen. Get in touch with M8 Insurance to ensure that you, your employees, and your business are protected from these uncertainties.

In the Salt Lake City, UT area a resident will have a lot of different housing options. When you are going to look for a new form of housing here a good option to consider is to rent your home. A rental property provides many advantages including flexibility and lower costs in some situations. If you do want to rent here you still need to have proper insurance. You will need a renters insurance plan here for a few reasons. 

Coverage is a Lease Requirement

A reason that you should obtain a renters insurance plan in Salt Lake City is that it could be a lease requirement for you. Those that are going to rent a property will need to meet their lender’s standards for lease requirements. If you do sign a lease, there is a good chance that the landlord will require coverage and ask for verification from time to time.

Coverage Protects You

Getting a renters insurance plan is also a good option due to the coverage it provides. With an appropriate rental insurance plan, you will get valuable coverage that will offer you liability protection and coverage for all your personal assets. This can prove to be a great investment and will also offer you some valuable peace of mind. 

Renters in the Salt Lake City, UT area need to ensure that they get the right insurance protection. As you are looking for a new insurance plan in this area, it would be a good idea to call M8 Insurance. There are a lot of factors that need to be considered when looking for renters coverage. The team with M8 Insurance can help you assess your needs and options and build a plan that is right for you. 

If you enjoy the great outdoors and want to find a city that provides a lot of opportunities to be active, going to the Salt Lake City, UT area is a great option. When you are in this area of Utah, you will have access to all the amazing landmarks throughout the state. To see them as easily as possible, getting an RV is a good option. Along with an RV, you need to get an RV insurance plan for a few different reasons.

RV Insurance is Required by Law

A reason that you will need to get a good RV insurance plan is that it is required by state law. In Utah, all motorists need to carry liability insurance, which includes people that drive RVs. If you do not get the necessary coverage, you will be penalized if you are caught.

RV Insurance Protects Asset

You will also want to get an RV insurance plan if you want to protect your asset. Buying an RV will come with a major purchase and is an investment that you will want to protect. The best way that you can do this is with a full RV insurance plan. If you get the coverage that has collision and comprehensive protection, you will receive coverage that can mitigate a variety of risks. 

When you are looking for RV insurance coverage in the Salt Lake City, UT area, it would be beneficial to call M8 Insurance. The insurance team with M8 Insurance knows how important it is for you to get proper insurance for your RV. As you are looking for a new insurance plan in this area the team can answer your questions and ensure that you are able to pick an ideal policy for your situation. 

Key questions to ask when buying motorcycle insurance for the first time

Whether you bought your motorcycle for business, fun activities, or as an investment, motorcycle insurance should always be at the back of your mind. If it’s your first motorcycle, you may want to create a list of questions to ask your insurance agent before settling down for a policy. Most insurance companies in Salt Lake City, UT  like M8 Insurance are always willing to answer your questions to help you make an informed decision. Here are some of the questions you should ask:

Is motorcycle insurance mandatory in Utah?

Yes. Utah’s Financial Responsibility Law requires all drivers, including motorcyclists, to have a form of insurance. The last thing you want is to find yourself on the wrong hand of the law. The coverages include bodily injury liability and property damage liability.

What extra coverages should I consider?

Apart from the minimum required coverages, your insurance provider may recommend purchasing additional coverages based on your insurance needs. Some of the additional options available for motorcycle insurance include comprehensive and collision coverages.

How much motorcycle insurance is enough for me?

The amount of motorcycle insurance to carry varies from one person to another. Insurance companies assess your profile thoroughly before coming up with a rate. They check factors such as your age, age of the bike, how and where you will use the bike, and where you live.

Are there discounts in my policy?

Any reputable insurance in Salt Lake City, UT should give discounts to its customers. Most companies offer discounts when you buy many policies or when you pay on time.  

What is the claim process like?

Before signing any papers, it’s essential that you understand the claim process. Each company has its own way of dealing with claims. Make sure you know what to do in the event of an accident and learn when to and when not to file a claim.

Planning to buy motorcycle insurance in Salt Lake City, UT? M8 insurance is more than happy to help you find a policy that matches your budget, style, and comfort. Contact our friendly agents to explore various options.

The Salt Lake City, UT area is a beautiful place and can be a fun area to own a boat. Those that are boat owners in this area will enjoy all of the local lakes and other waterways that are fun to spend a day on. If you do purchase a boat when you are here, you do need to get proper insurance for it. There are several reasons that people here need to get boat insurance coverage. 

You Want to Be Protected for Liability

Those that plan to use a boat will know that they should be careful at all times. However, even those that are very careful and experienced could cause an accident by mistake. If you cause property damage or injuries to another person, you will be held responsible for the damages. Since this risk will always exist, you should get a boat insurance policy with liability coverage to mitigate it.

You Want to Protect Your Boat

Another reason that you should get boat insurance is that you want to protect your asset. Buying a boat is always going to be a big purchase and investment. When you get an insurance policy with full coverage, it will give you the protection needed to repair or replace your boat. This can prove to be helpful if your boat is damaged during an accident, vandalized, or even stolen. 

Boat insurance in the Salt Lake City, UT area should be considered a necessity for anyone that is in the area. If you want to pick a new policy here, you should speak with M8 Insurance. The insurance team at M8 Insurance understands the complexities that come with choosing a new policy and they can offer the guidance that you need. 

If you have not already winterized your bike by mid-November, get to it. Winterizing your bike protects it from the wear and tear that cold weather can cause. This can reduce the number of claims you need to make to M8 Insurance.

You probably will not want to ride in the snow and cold of a Salt Lake City, UT winter. You need to store your motorcycle. An indoor, heated garage provides the ideal location.

Before you park it for the winter in its toasty spot, ride it until the tank nears empty. Fill the tank with fresh gas and add a gas stabilizer to the tank.

Change the engine oil and oil filter, or take it for a service visit to have this done for you. This removes contaminants that could damage the crankcase. Engine oil becomes acidic as it ages, causing damage to engine gaskets and seals. 

Drive your bike home and park it in its winter home. Take the battery out. Store it separately on a battery tender and adding the correct amount of distilled water to it.

Check the tire pressure on the bike. Inflate the tires to the appropriate PSI. Also, check the chain – sprockets and lubrication, the brake pads, and the engine air filter.

Give it a bath. Clean your bike with warm soapy water. Rinse. Dry. Wax the bike. Polish the chrome and treat the seat with a leather protector.

Cover your motorcycle with a motorcycle cover to provide added protection from animals, moisture, and dust. Although you have parked it indoors, small animals such as mice and squirrels can still burrow into the garage and nest near or on your motorbike. Covering it simply provides an added layer of protection.

Contact M8 Insurance serving Salt Lake City, UT for information on motorcycle care. You can also count on us for motorcycle insurance that protects your bike and your financial liability.

As a boat owner in Salt Lake City, UT, it’s important to invest in boat insurance coverage. We provide boat insurance coverage at M8 Insurance. 

The following are three key considerations when you’re buying boat insurance.

The distance you’ll be traveling with your boat

One thing you need to understand about boat insurance policies is that they’ll usually only cover you within certain geographical limits. You’ll have to invest more in coverage if you’re going to be traveling far from your home port. 

Make sure you know how far you’ll be routinely traveling. You don’t want to deal with an unpleasant surprise that you won’t be covered for damages that happen when you’re particularly far from home. 

The coverage value you want

When you purchase boat insurance, you can generally choose between an agreed value policy and an actual cash value policy. An agreed value policy will likely compensate you for more, but could also cost you more in terms of premiums.

Be sure to evaluate the various advantages and disadvantages of investing in agreed value versus actual cash value policies. 

The liability coverage you need

When you purchase boat insurance, you shouldn’t only be thinking about coverage for your boat. You should also be thinking about coverage for liability expenses.

Liability coverage will cover the costs of damages you cause to other watercraft and personal property in your boat. This type of coverage also covers medical bills in some situations where you are involved in an accident that results in physical injury. 

Investing in boat insurance is important for boat owners in Salt Lake City, UT. At M8 Insurance, we can offer you boat insurance coverage. Contact us to learn more about the policies we offer.