What Is Umbrella Insurance?

If you already have home and auto policies, it’s important to know how much coverage you have in each. Often, there is little liability protection in these policies, and that can leave you vulnerable to extra costs after the policy has paid what it can. When you want better coverage, umbrella insurance is a great way to get that protection. And, it’s a more cost-effective way of adding more liability coverage. If you’re interested in this insurance protection, call us today at Leo Insurance Group in Las Vegas, NV.

Umbrella Insurance: What You Need To Know

Getting More Liability Coverage

When you add more liability coverage directly onto your auto and home policies, it can be prohibitively expensive. When you get an umbrella policy, it is reasonably priced and adds to both of those policies at the same time. Whether there is an accident in your vehicle or in your home, this policy makes sure that you have the coverage you need for liability. It gives you peace of mind in knowing that you are well-covered.

How Umbrella Insurance Works

After an accident has happened, your auto or home policy, depending on where the accident was, comes in to pay for the medical bills and other expenses that are due post-accident. When that policy maxes out, there may be bills left over that have to be paid. With umbrella insurance, that money doesn’t have to come from your own pocket. The policy will pay for those overages so that you won’t have to. The maximum payout of umbrella policies is very high, so an overage above that amount is unlikely. 

Find Out More About Umbrella Insurance

When you want better coverage for your home and vehicle, getting an umbrella policy is the responsible thing to do. If you’re interested in a policy, call us at Leo Insurance Group in Las Vegas, NV.

Understanding Flood Zones: What They Mean for Your Insurance

Las Vegas, NV might not be the home of many floods but some areas may be in dangerous flood zones. But what exactly are flood zones and how do they affect your insurance policies? We at Leo Insurance Group can answer this question to ensure you fee comfortable with the answer.

What are Flood Zones?

Flood zones are a series of connected areas along flood-prone areas that indicate a region’s potential risk of this natural disaster. The Federal Emergency Management Agency, or FEMA, creates flood maps that lists areas at a high risk of flood and areas that have minimal risk.

These maps are fairly complex but are used by insurance companies when creating flood insurance packages. For example, people in high-risk areas are federally mandated to have protection from their insurers. Some individuals may get stipends or some compensation for these payments.

Buying Policies Outside High-Risk Areas

While the federal government doesn’t mandate flood insurance in low-to-moderate risk flood areas, these policies may still be beneficial. After all, low risk is not the same as no risk. Floods can happen just about anywhere, and an insurance policy can help protect your house.

The cost of your policy may vary depending on your flood zone. For example, some insurance companies may provide lower costs in areas with smaller risks and higher prices in areas with greater risks. That all depends on the insurer and other factors, such as state laws for that region.

Getting Great Flood Insurance

Please don’t hesitate to contact us at Leo Insurance Group if you need a flood insurance policy for your Las Vegas, NV home. While most areas of this desert area are not at high risk for flood, that doesn’t mean that a great insurance policy isn’t an excellent option in case one does occur without warning.

Is term life insurance right for me?

As the name implies, term life insurance is valid for a specific number of years – usually 10, 20, or 30. If you pass away during that timeframe, your beneficiaries will be paid the death benefit you choose when opening the policy. That death benefit can be used for anything the beneficiary desires, but typically it is meant to supplement your income and provide a safety net to pay the mortgage, outstanding debts, college education for your children, and anything else you are obligated to pay.

Each year, you’ll make a premium payment that ensures the policy is valid for another year and that payment stays the same throughout the life of the policy. If the term period expires and you are still alive, you’ll likely be able to renew the life insurance policy, but at a higher rate each year. Leo Insurance Group in Las Vegas, NV can help you with any questions you may have.

Is term life insurance right for me?

To decide how much life insurance you need, there are a couple of approaches to take. First, you can simply multiply your current income by how many years you wish to replace it. For example, if your salary is $100,000 and you want to ensure 10 years of income should you pass, you’ll want to purchase a $1 million life insurance policy. Second, you can use the more comprehensive DIME method that has you add your debt, income, mortgage, and anticipated college education needs for your children together to establish a baseline amount of how much money your family will need should you pass away.

Learn more about life insurance and discover how it can be a beneficial tool for your loved ones, by reaching out to Leo Insurance Group in Las Vegas, NV. We take the time to learn about our customers personally so that we can make tailored recommendations based on need.

Protect your Nevada firm with commercial insurance

The folks here at Leo Insurance Group are proud to serve the commercial insurance needs of our friends and neighbors in the Las Vegas, NV metropolitan area. If your business needs a commercial policy upgrade, or you would like to review your options, give us a call today.

How the right commercial insurance policy can help protect your Nevada firm

When you have the right insurance in place, you can rest assured that your company is protected. There are so many commercial insurance options available, it can be difficult to determine which is right for your needs. When selecting a commercial insurance policy, keep the following in mind:

  • If your business is seasonal, use the busiest months as your benchmark when calculating the amount of protection you need.
  • Don’t forget about all of your technical and office equipment and devices when you are doing an inventory of machinery.
  • Inventory levels can fluctuate, use the highest average level when deciding how much protection you need.
  • Working with a local agent is an effective and efficient way to simplify the process. A local agent understands the marketplace and how different events can affect businesses in their area. 

Running a business takes a lot of hard work and dedication, so it only makes sense to have the right type and amount of protection in place. Find out more about your commercial policy options today!

You can count on us!

Leo Insurance Group is here to serve the Las Vegas, NV business community. Give our office a call today and schedule a consultation to find out more. We look forward to working with you!

The many benefits of comprehensive auto insurance

The Leo Insurance Group is one of the top agencies that Las Vegas, NV area residents count on. Many auto owners simply renew the same policy year after year without knowing what benefits it offers. If you want to make sure that you are getting all of the benefits that a comprehensive auto policy offers, we can help!

Benefits of comprehensive auto insurance

When you have a comprehensive auto insurance policy, your life can be a lot less stressful. If your vehicle is ever involved in a covered event that takes it out of commission, such a policy can help make getting your vehicle repaired or replaced more seamless.

Being without transportation can be a major disruption to your everyday life. And, if you happen to be injured in the accident that took your vehicle offline, the stress can be incredibly serious. 

With a comprehensive auto policy, you can select coverage for rental car expenses while your vehicle is being repaired. Increased medical expense coverage is another benefit that a comprehensive policy can provide.

With benefits like roadside assistance and towing service coverage, having a comprehensive policy in place can make handling the aftermath of an accident much easier. 

Because of all of the features and benefits that are being introduced to comprehensive policies, it is recommended that policyholders review their coverage prior to renewal, at least once a year. You may be missing out on some truly helpful benefits by simply sticking with the same policy year after year.

We’re here to help!

Let the Leo Insurance Group help you find the auto policy that meets your needs! If you are a resident in the greater Las Vegas, NV area, give us a call or stop by our office to learn more.

Does my home type matter when I buy home insurance?

When you purchase a home you probably know you need to also purchase home insurance for it, but which kind? Yes, more than one type of home insurance exists.

You’ll find eight types of home insurance on the market. You’d purchase a different type of policy to cover a condo than a newly built home or an RV. With respect to the latter, you’ll find two options – one if you use your RV for traveling, the other if you live in it full-time.

You must choose the right type of policy to cover your home, otherwise, if you need to make a claim, your policy won’t be valid. That’s when you need to call Leo Insurance Group serving Las Vegas, NV. We can help you determine which type of homeowner’s or renter’s policy you need and help you obtain it.

If you have bought a house, you’d either need a standard homeowners’ policy, a dwelling policy, or a homeowners’ policy that covers major perils or all perils. If you buy a historical home or architecturally significant home, you’d choose historical home coverage. You’d choose condo insurance if you purchase a condo or an apartment, but RV insurance if you purchase a fifth-wheel or RV.

Home insurance also provides an option for those who rent, called renter’s insurance. It covers just your belongings and your liability.
You might want to save as much money as possible, but home insurance is not the place to cut corners. Six major perils create the difference between major peril and all-peril coverage. Any one of them can wipe out your home.

Contact Leo Insurance Group serving Las Vegas, NV today to learn more about home insurance. Let us help you choose the ideal policy for your home.

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.