Classic Car Insurance FAQs

A classic car is more than a vehicle — it’s a collection of memories and heritage. Since it’s a considerable investment, you wouldn’t want anything to happen to your antique, vintage, or whichever classic vehicle you have. One sure way of protecting it from the unthinkable is by investing in classic car insurance.

Is standard car insurance the same as classic car insurance? Well, this is one of the many frequently asked questions about classic car insurance we receive at Leo Insurance Group. To that end, we’ve prepared some frequently asked questions about classic car insurance that can help you get the right insurance for your toy.

What is classic car insurance?

Classic car insurance is dedicated insurance for vehicles that are generally over 25 years. However, modern classics can also fall under this category. The other requirements for your car to qualify for classic car insurance include:

  • Store the car in a secure place
  • Annual restriction mileage — your classic shouldn’t be an everyday car
  • Do not drive the car on a racetrack
  • Driver must be over twenty-five years

Is classic car insurance the same as standard car insurance?

No, classic car insurance differs from standard car insurance in many features. The most important one is that it allows for an agreed value coverage. The agreed value policy allows you and your insurer to decide on the value of your classic car, which will be the payout value should your car be totaled. 

What does classic car insurance cover?

Most of the classic car coverages are similar to those of standard car insurance. They include:

  • Liability coverage
  • Comprehensive coverage
  • Collision coverage
  • Underinsured/uninsured motorist coverage
  • Medical payments
  • Special parts coverage
  • No attendance coverage

Classic car insurance in Las Vegas, NV

Still have unanswered questions about classic car insurance? Don’t hesitate to get in touch with Leo Insurance Group. And if you need coverage, you can count on us for an affordable and comprehensive classic car insurance policy.

Why You Need to Look Into RV Insurance

Living in the state of Nevada means you have a ton of deserts to explore, and owning an RV is a great way to go on long trips throughout the state. However, if you break down or worse, RV insurance can save you from encountering any unforeseen costs. 

Leo Insurance Group in Las Vegas, NV offers RV insurance quotes. These quotes will be from several providers, ensuring you get the most appropriate insurance for you. Leo Insurance Group services the following states:

  • Arizona
  • California
  • Colorado
  • Michigan
  • Idaho
  • Ohio
  • Oregon
  • Pennsylvania
  • Nevada
  • Pennsylvania
  • Utah
  • Washington

Why RV Insurance 

Your RV is not quite a house and not quite a car. Therefore, it needs its own insurance separate from your usual home and car insurance. An RV is, of course, more like a house you can drive around in, so the requirements for this insurance entail very different things than a regular car or home insurance. The type of recreational vehicle you own can also make a difference. 

You need RV insurance in case of an accident, damage to your RV, or damage to you, your fellow travelers, or the people you hit. However, you also need RV insurance even if you do not drive your RV for a while, as others or the weather can still cause damage to the RV you need to be insured for.

If you live in one of the states we service, you should call Leo Insurance Group in Las Vegas, NV as soon as possible to receive RV insurance quotes for your RV. You can reach us on 702-802-4777 or request a quote via our online contact form.

How Does Recreational Insurance Protect Someone?

Ownership of recreational vehicles in Las Vegas, NV is becoming a popular trend and manifesting tremendous growth. It is, therefore, pivotal as a Las Vegas NV RV owner to scout for the right policy for your RV needs. Getting magnificent recreational insurance coverage can safeguard your motorhome, camper, or your travel trailer. Recreational insurance coverage is a formidable tool that helps preserve the massive financial investment you made in your RV.

Maintaining an RV is an absolute dream come true for many residents in Las Vegas NV because it offers breathtaking fun and provides a refreshing way to travel across the countryside. Recreational insurance can sometimes pose some complexity in Las Vegas NV. Don’t hesitate to contact our charismatic agents at Leo Insurance Group and get formidable recreational insurance matching your needs and budget. Different types of recreational insurance may protect an RV owner in versatile ways, as stipulated below. Some of them include:

Comprehensive and collision coverages: Comprehensive coverage caters to repairing or replacing your RV beyond non-collision driving phenomena like vandalism, fire, and theft. Collision coverage pays the cost for repairing or replacing your RV if it collides with other vehicles or stationary objects.

Medical payments: The prime role of this type of coverage is to pay for your medical costs should you or your passengers encounter an accident in your motorhome, irrespective if you are deemed legally responsible.

Uninsured or underinsured motorist coverage: It pays for your medical costs if you get in an accident in your RV with another motorist who doesn’t possess enough insurance or they do not have coverage at all to cater to your hospital bills.

Roadside assistance: Have you ever thought about what could happen if you get stuck with your RV in the middle of the road? Worry not because road assistance coverage can salvage you from these stressful moments? This policy can assist you with the costs of fuel replenishment, electrical breakdowns, and even towing costs.

Are you in need of salient recreational insurance to protect your family and your RV in Las Vegas, NV? Please speak with our reputable agents at Leo Insurance Group today. We are specialists, and we will take you through the requirements and assist you in choosing the most prolific coverage to meet your needs.

NV Motorcycle Insurance Options to Help Keep You on the Road

Leo Insurance Group serving Las Vegas, NV wants to help you keep your motorcycle and your finances in tiptop shape with motorcycle insurance that fully protects it and you.

Nevada Insurance Minimums

The state of Nevada requires a minimum level of insurance for every two or three-wheeled vehicle on its roads. That means whether you ride a motorbike or a trike, you need to carry at least the minimum insurance of:

  • property damage in the amount of $10,000 per accident,
  • bodily injury in the amount of $15,000 per person per accident,
  • bodily injury in the amount of $30,000 total per accident.

Protecting Your Ride, Too

The only problem with minimum coverage is that it only protects the others on the road. Only when you add comprehensive, collision and personal injury protection (PIP) do you add the coverage that protects you.

You need these important policies to protect yourself. Single vehicle accidents also occur frequently, and your minimum coverage does not cover those. Let’s say you hit a deep pothole and the jolt throws you off the bike. Both you and the bike sustain damage. With full coverage, you know that your medical care gets paid for by your PIP, while your bike repairs your comprehensive coverage covers.

You need much more than liability insurance to cover yourself and your motorcycle on Nevada roads. Let Leo Insurance Group serving Las Vegas, NV help you determine which coverage best suits your needs. You need more than just the minimum that lets you legally drive on the roads of Nevada. Let us help you obtain the insurance that helps keep you safer.

Why is Umbrella Insurance Referred to as Gap Insurance?

Most people think that their insurance is enough to cover their potential risk. But no one ever really knows how bad an accident or other incident might be that would require you to pay out-of-pocket for the surplus amount. This can leave you with additional expenses that you thought your insurance would cover.

The goal of insurance is to pay all (not part) of the financial loss of a particular incident such as auto collisions, rental insurance, and home insurance. But what if your current coverage is not enough?

Umbrella Insurance

Umbrella insurance (also referred to as "gap" insurance), kicks in to cover what your other insurance does not cover. It can increase the level of coverage in various situations such as auto insurance or housing insurance, or it may cover other areas of potential risk such as vandalism or theft that other policies do not cover.

What coverage you will get will depend on the company you deal with and the types of policies you are looking to put in place. 

Who Are We?

The Leo Insurance Group does offer gap or umbrella insurance, as well as many other types of coverage. You can speak with them anytime if you live in the Las Vegas NV area. They are focused on your needs and they consider every customer as important as a member of their family.

Weigh Your Risks

The most important factor in determining how much insurance you should carry has to do with your level of risk. Think about your daily activities, how much you drive or travel to other locations, and the number of your investments. 

Then turn to the experts with Leo Insurance Group, covering the Las Vegas, NV area for all of your insurance needs. Because today is the day to purchase insurance. Tomorrow might be too late. 

Las Vegas Nevada Flood Insurance: Do i Need It?

When you mention flood insurance to people in Florida or on the coast of the Atlantic, they say, "Of course I have flood insurance!" You will get the same response from people in the Ohio Valley who are close to the Mississippi River or other large bodies of water. But when you ask someone in Las Vegas, Nevada if they have flood insurance, the answer might be a blank stare.

That’s because they don’t live on the coast and they are not right next to rivers that might overflow their banks at the first sign of rain.  However, if you study the map of Las Vegas, you will find that they are only 30 miles from a large lake known as Lake Mead. In addition, there are a number of other smaller water inlets and streams, creeks, and small water sources that, when combined with hours of downpours, could end up flooding the Las Vegas area.

Learn from the Past

Many people have learned from other towns and states that were taken by surprise such as the state of Colorado that, in 2013, was covered with a huge flood that took hundreds of lives, farm animals, and property practically overnight when the Redstone River and other bodies of water converged after a 3-day flood. 

Who are We?

The professionals at Leo Insurance Group realize the insurance is not always something someone wants to add to their budget. But it is necessary to protect you from the unknown. In Las Vegas, NV, Leo Insurance Group can handle all of your flood insurance needs. Whether you are a business or personal property owner, it is important to make sure you are covered when that rainy day comes!

For more information, contact Leo Insurance Group if you live or work in the Las Vegas, NV area.

Do I need to do a home inventory of my condo?

Owning a condo in Las Vegas is a dream come true. Once you have accomplished your dream, it is hard to imagine anything happening to shatter that dream. Unfortunately, bad things do happen and when you have to file a claim with your insurance company it is never fun. But it can be easier if you have a home inventory. At Leo Insurance Group in Las Vegas, NV, we are a full-service independent insurance agency with an experienced team to help you with all your insurance needs. 

If your condo is damaged, and you lose some or all of your possessions, you will be asked to provide some proof of what you had prior to the damage. In this type of situation, you may be rather traumatized by what has happened to you and trying to remember all the things you had before it happened. Not to mention the time trying to reconstruct everything from memory. 

Filing a claim isn’t easy or enjoyable, but it can be less stressful if you have an inventory you did prior to the damage. You can document every room with pictures and a written list. Look in every drawer, closet, and cabinet. Take pictures especially of more expensive items. Attach sales slips or invoices to the page for that room. Give as much detail as possible. 

For larger items like appliances and electronics, include brand, model, and serial number. If you have jewelry, art, or antiques, having an appraisal is important to prove the value. Once your inventory is complete, place it in a safe place where you will be able to safely access it when your condo is damaged.

You don’t need to have an inventory but having one will save time and effort in the event you file a claim. Contact Leo Insurance Group in Las Vegas, NV to learn more about condo coverage. 

Who Can Be My Beneficiary in My Life Insurance Policy?

Buying life insurance in Las Vegas, NV means making critical life decisions such as choosing a beneficiary. If you have never sat down and thought about it, you will have difficulty filling that “required field.” You will be required to name multiple names if the primary beneficiary is unavailable to receive the death benefit. So what is the process of choosing a beneficiary? Who can you choose as your primary beneficiary? Leo Insurance Group will help answer these questions and others that you may have about beneficiaries.

Anyone Can Be Your Beneficiary

A beneficiary can be any person, institution, charity, business, or trust. If you choose a person to be your beneficiary, they can be your child, spouse, sibling, parent, friend, neighbor, or a needy person you feel deserves your wealth. There are really no restrictions to whom you can name. However, in Nevada, a rule requires your spouse to waive their rights if you decide to designate someone else as the beneficiary.

Primary and Contingent Beneficiaries

Insurance experts always recommend having at least two names when buying life insurance. The first and most important name is the primary beneficiary. This is the person who will receive the death benefit. If the person dies before you, the second name—contingent beneficiary will receive the death benefit on behalf of the primary beneficiary.

What if You Want To Have Multiple Beneficiaries?

It’s essential to be specific when choosing beneficiaries to avoid conflict with your loved ones. If you have to include all of them—let’s say ten names, make sure they are well-written and spelled correctly to avoid future problems. You also need to assign the percentage of the death benefit each will receive. Don’t forget to update these names frequently based on circumstances.

At Leo Insurance Group, we advise, guide, and take you through the entire process of acquiring life insurance. If you would like to learn more about beneficiaries, call or visit our Las Vegas, NV offices.

Commercial Insurance Basics

When you open a business in Las Vegas, NV, you might first think of buying office furniture or computers. Still, one of your first purchases should be business insurance, also called commercial insurance. Leo Insurance Group wants you to understand the complexities of commercial insurance.

That sounds simple, but many types of commercial insurance exist, and the types you need for your business may differ vastly from what your best friend’s business does. Every business needs a liability policy and property damage insurance. As long as you hire employees, it would be best to carry a worker’s compensation policy. The remaining types of policy coverage required to adequately reduce your business risk and protect your finances vary by the type of business.

For example, a dentist, ophthalmologist, or physician would need a malpractice policy, one of the many specialties. A dry-cleaning business requires an inland marine policy to protect its customers’ clothing while on its property or in transit to or from their home if it offers a pickup or delivery service. While both might benefit from business interruption insurance, neither would require a boiler insurance policy which typically serves manufacturing and other industrial companies.

The best method for developing the appropriate business insurance policy for your company is to meet with your insurance agent to discuss your business, review your business plan, especially your risk analysis, and determine which types of property and liability policies you need. These might include:

  • Business owner’s policy
  • Builder’s risk/construction insurance
  • Business interruption insurance
  • Commercial auto
  • Crime insurance
  • Debris removal
  • Directors’ and officers’ liability policy
  • Equipment breakdown/boiler & machinery insurance
  • Errors and omissions insurance (E & O)
  • Glass insurance
  • Inland marine insurance
  • Malpractice/professional liability
  • Ordinance or law policy
  • Tenant’s policy

Stop by or call Leo Insurance Group serving Las Vegas, NV today to learn how to protect your business best. Our free consultation helps you determine which insurance policy types will best suit your business endeavor.

A Guide To Help Las Vegas Residents Find The Right Auto Insurance Policy

For over 12 years, Leo Insurance Group has helped Las Vegas, NV residents find coverage. We want to make sure that our clients find the policies they need to protect their assets. Offering exceptional customer service is one of our primary goals.

Nevada Auto Insurance Guide

Auto insurance helps protect you as you travel around Las Vegas, NV, and other parts of the state. An accident can happen at any time regardless if you are driving safely. You have to think about the other drivers as well as the road conditions. Basic collision coverage protects you when your vehicle suffers damage from impact with another vehicle or object. Comprehensive coverage protects your vehicle in other ways. You are covered if someone tries to steal your car or vandalize it. Comprehensive coverage also gives you a safety net when unexpected accidents occur, such as fires or natural disasters.

Liability Coverage

Liability coverage is a significant part of the policy. You are protected if your vehicle injures someone or damages their property. You are also protected if one of your passengers suffers an injury while riding with you.

Other Things To Consider

If you have any accessories or custom parts on your vehicle, you’ll have to amend your policy to cover those items fully. If you use your vehicle to assist with your profession, consider adding commercial coverage. This ensures that your vehicle is covered if something happens on the job. You also have the option to add emergency assistance coverage to your policy. If you are suffering car troubles or your tire deflates, you can receive towing service. You’ll also receive help replacing the flat tire.

Leo Insurance Group Can Help You Find The Right Policy

Visit our website to learn more information about auto insurance.