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Wilkes-Barre, PA 18702

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Insurance Blog

4 Add-ons to Boost Your Auto Insurance Policy

If you have auto insurance, you are probably familiar with comprehensive, collision, and liability coverages. But did you know that you can boost the strength of your auto insurance by considering “add-ons” or “riders”? Yes, The Shay Agency Wilkes in Wilkes-Barre, PA, advises you to consider the below add-ons to enhance your auto insurance coverage.

Road assistance coverage

If you own a car, you know breakdowns are part and parcel of the journey. Unfortunately, breakdowns can occur at the most inopportune times. Thankfully, if you have invested in a roadside assistance insurance plan, you can get help when you get a flat tire, run out of gas, or your battery runs out of juice.

A roadside assistance add-on is an excellent choice if you would like to get back to the road quickly after a breakdown.

Engine protection

If your car is damaged through an accident, your collision coverage compensates you for the damage. However, if your engine is damaged by waterlogging or an oil leak, your typical car insurance doesn’t come to your rescue. For this reason, you need an engine protect rider, especially if you live in a flood risk area.

Zero depreciation

As each year passes, your car dips in value. In case of a total loss, your insurance company removes the depreciation factor when compensating you. This way, you have to cover the difference of the depreciation factor from your pocket. However, if you don’t want full compensation for your car, invest in a zero depreciation add-on.

Consumables

During repairs, consumables like filters, nuts, and fluids aren’t covered by your auto insurance. However, you can invest in consumables coverage to avoid financing these minor parts from your pocket.

Get auto insurance today!

Ready to protect your car with insurance? If you are in Wilkes-Barre, PA, and its environs, please get in touch with The Shay Agency Wilkes for a competitive quote.

Pennsylvania Commercial Insurance – How to Create a Theft Prevention Protocol

When you operate a business in Pennsylvania, you’ve got a lot of worry about risk on your mind. Theft prevention is going to be high on that list. Even if you do not operate a retail outlet, internal theft is just as big a risk to your bottom line as an external attack.

You’ll want to have a sound Pennsylvania commercial insurance policy to protect you from financial losses. At The Shay Agency, we can help Wilkes-Barre, PA business owners create the theft prevention protocol you need to minimize your risks.

In-House Security System

Today, cameras are not that expensive to invest in, and they serve as an excellent deterrent a lot of the time. Or, you could invest in an entire security system that will help you to minimize risks and theft. 

Have them pointed on entrances and at eye level. You don’t need a 24-hour streaming service. A few cameras with recorders when motion detectors go off will be all that you need to catch foes in action.

Develop a Tolerance Policy

A tolerance policy is a set of procedures that you develop in order to determine your game plan if you experience a theft or attack. Plan the steps you take if you experience an attack or loss.

Be sure that your employees are all trained on this and know what your expectations are, and what the outcomes will be if a problem arises. Develop an internal and external protocol.

Organize Your Interior Design

You may want to consider organizing your interior and exterior design so that you know when something is out of place. Keep workstations free of clutter. Minimize the number of materials you have on desks, cabinets, and shelves.

Enhance Your Commercial Insurance

When you are looking for ways to upgrade your security protocol, enhance your commercial insurance as well to ensure you are covered everywhere. At The Shay Agency, we can help Wilkes-Barre, PA business owners design the commercial insurance policy that they need. Call us for a quote today.

Commonly Asked Questions About Motorcycle Insurance

For most motorcyclists, safety is a high priority on the road, hence the need for motorcycle insurance. If you are a resident of Wilkes-Barre, PA in need of responsive and reliable motorcycle insurance, there are some important questions you might have in mind. The Shay Agency helps answer your questions and advise on the right insurance coverage that fits your needs and budget.

The following are some of the commonly asked questions about motorcycle insurance that are beneficial in helping secure the right coverage:

What Is the Average Cost of Motorcycle Insurance Coverage?

Motorcycle policies have varying rates depending on the state, the bike, and the insurer. In some states, insuring motorcycles is mandatory, while in others, it is not. In case of accidents, you are liable for compensation depending on your chosen coverage plan. As a result of the varying motorcycle insurance prices, it’s vital to take precautions to minimalize insurance costs by taking safety courses and consulting with insurance experts regarding discounts.

Why Is Motorcycle Insurance Important?

Ideally, motorcycle drivers are high-risk drivers who could easily get into accidents. Motorcycle insurance is an essential requirement by most state laws to protect everyone on the road in the event of an accident. If you have property damage liability coverage and bodily liability coverage, you are protected from losing your assets following an unexpected accident. If you get sued, the minimum coverage helps in covering court costs.

What Is Full Coverage Motorcycle Insurance?

This refers to the maximum amount of coverage a motorcycle can have, and it varies depending on the motorcycle type and state-specific laws on insurance. Most insurance policies are inclusive of; collision and comprehensive coverage, liability, medical payments, roadside assistance, and uninsured motorist coverage.

Motorcycle insurance policies are confusing to most motorcyclists, so it’s best to know the variation in coverage plans to minimize your insurance rates and protect your rights. For residents of Wilkes-Barre, PA with any insurance queries, contact The Shay Agency for expert advice.

Wilkes-Barre PA Homeowners: Are You Ready for a Surprise Flood?

People living in Wilkes-Barre, PA may not spend a lot of time worrying about flooding, but it is a real threat. It is dangerously close to the Susquehanna River that surrounds the main part of the city. The river usually stands at around 510 feet. If the river rises much above this normal level, flooding can occur very quickly.

Flood Insurance that Stands By You

The Shay Agency that serves the Wilkes-Barre, PA area is involved in helping people to prepare for the unexpected so that rebuilding and repairs can begin quickly following a flood.

The average cost of flood repair is around $3700 for every 200 feet, according to one source that keeps data on the history of flooding in various areas of the country. Imagine having to pay out-of-pocket for this. Most people simply cannot afford to do so. And you shouldn’t have to. 

Know Your Risks

The NOAA Weather Service keeps logs of flood information for various areas of the country. They recorded that the flood stage of the Susquehanna River is 22 feet. It is important to monitor the current stage of the river in your area and get out of the area when it is near the flood stage, especially if you live close to the banks of the river. 

Why Have Flood Insurance?

Having adequate flood insurance before a flood hits will keep you from worrying in the event you are hit by flooding or other potential disasters. Insurance is like a seatbelt that you hope you never have to use. But if you don’t wear it, it cannot help you.

If you have concerns about whether you should carry flood insurance and how much, see The Shay Agency for more information and find out how much insurance you should carry based on your personal flood risk.

Who Needs Life Insurance in Wilkes-Barre, PA?

Though life insurance gets used for many reasons, the chief purpose of this policy is to safeguard your family and loved ones upon your demise financially. It ensures that your beneficiaries will have the financial resources needed to maintain their lifestyle. It can be utilized to pay the outstanding debt or used as income replacement. Do you still need life insurance at all in Wilkes-Barre, PA? Get in touch with our charismatic agents at The Shay Agency serving Wilkes-Barre, PA and its environs, and familiarize yourself with different life insurance coverages that suit your needs and lifestyle.

Do you need life insurance?

The easiest way to ascertain if you need life insurance in Wilkes-Barre, PA is to assess your family structure, financial status, and responsibilities. Life insurance isn’t a one-size fit; undertaking this can help you understand better which life situations you would benefit from having a policy. The following categories of groups may need life insurance.

If you are a parent

Being a parent is a rewarding and significant milestone we envy to attain in our lifetime. This period has substantial financial impacts. When you have children, a life insurance policy helps your spouse cater to the day-to-day living expenses, cover child care, and pay significant debts. Upon your demise, the proceeds of life insurance can ensure that your kids get exemplary care.

Parents with young kids or special needs dependents

Regrettably, many adults start thinking about life insurance for the first time after the baby’s arrival. Unless your family can get comfortable with your savings, which sometimes is rare, you need coverage that can help you take the general care and all the outlays that go along with raising kids like sports and recreation fees, daycare, and children’s tuition. The life insurance policy also gives financial security for special needs dependents such as specialized care through the death benefits beneficiaries get after their death.

Older adults Without Savings

Retirement-age adults devoid of a massive amount of savings to draw on might require life insurance coverage to cater to funeral or burial costs after they die.

Other vulnerable groups include:

  • Business owners
  • Adults with private student loans
  • Spouses who provide most of the income

Getting more information about a life insurance policy is instrumental in getting good coverage in Wilkes-Barre, PA. Call or visit us at The Shay Agency and get comprehensive information about life insurance coverage.

Coverage beyond basic you might want to have

Basic auto insurance is what is mandated by the state. In Pennsylvania that is liability coverage in the amount of 15/30/5. That means $15,000 for the first person injured in an accident with a total of $30,000 for the entire accident. The $5,000 is property damage. As you can see, that really is basic coverage. At The Shay Agency in Wilkes-Barre, PA our experienced staff places service first, and we will make sure you have the insurance you need. 

Additional liability

Basic liability coverage may be fine if you are someone who doesn’t have a lot of assets. But if you own a home, a business, or anything else of value, you probably should have more than just basic liability insurance. As a matter of fact, having an umbrella policy is probably warranted. 

Collision

Collision coverage provides coverage for your vehicle in the event you are the driver responsible for an accident. Since most people count on their vehicle in order to get to work and do all the things people do, being able to get it repaired or replaced makes good sense. 

Comprehensive 

Life is filled with hazards many of which are beyond your control. If one of these hazards damages your vehicle or your vehicle is stolen, knowing that it will be repaired or replaced provided peace of mind. 

Rental reimbursement

Rental reimbursement coverage will provide a rental car to you when your vehicle is damaged in an at-fault accident or a beyond your control event. The number of days is not unlimited so get your vehicle repaired as quickly as possible. 

Roadside assistance

You may be paying a yearly fee for AAA when the reality is you can spend a lot less getting it through your auto insurance.

Contact The Shay Agency in Wilkes-Barre, PA for all your insurance needs. 

Home insurance FAQs

Home may be where the heart is, but it is also one of the largest investments you will ever make. Protecting it solidifies your financial situation. Risks are everywhere and knowing what you need to be protected from helps you to make sure you have the right coverage. At The Shay Agency in Wilkes-Barre, PA, we are an independent agency, and we believe it is our responsibility to represent our customer’s interests. We will be there for you if you ever need to file a claim, and we are here to discuss any questions you may have.

Do I need to have home insurance?

If you own your home outright, then no you don’t have to have home insurance, it is not mandated by law. If however, you have a mortgage; your lender will require that you have enough home insurance to protect their investment in your home. 

What is the right deductible?

The right deductible is one you can easily pay and allows your home insurance to be affordable for you. The higher your deductible the lower your premium. Average deductibles range from as low as $500. 

What discounts are available?

Talk to your agent about available discounts. If you get your home and auto insurance from the same carrier you may be eligible for a multi-policy discount. Having safety equipment installed in your home and being close to a fire station are also ways to qualify for a discount. 

What things aren’t covered by home insurance?

Home insurance doesn’t cover everything. It excludes floods, sewer backup, earthquakes, mudslides, and sinkholes. Don’t expect your insurance to pay for termite or mold damage. 

When you are in the market for home insurance The Shay Agency in Wilkes-Barre, PA is here to meet with you. Give us a call or visit our office for a free quote. 

Reasons You Need Life Insurance

As people get older, they start to realize the importance of having a life insurance policy in place. The agents at The Shay Agency in Wilkes-Barre, PA also know and understand the importance of having a life insurance policy in place.

Protect Your Loved Ones

If you bring in the main income for your family, a life insurance policy is a must because it will help replace the loss of your income if you die. Even if you are a young parent, it is important to have a policy in place to help your partner support your children if you suffer an untimely death. It will help your loved ones with their day-to-day expenses, house payments, car payments, and more.

Inheritance Money

A life insurance policy will create an inheritance that you can leave behind for your loved ones. You can even name them as the beneficiaries of your policy to ensure that they receive the money. This is true with all three main types of life insurance which include whole life, universal life, and term life insurance. This is a wonderful option for leaving your children money that will help them in their lives. They can opt for higher education, get married, or start a business with the money you leave behind from your life insurance policy.

Expenses

A life insurance policy will help pay for your final expenses, hospital bills, and even expenses that your loved ones incur. They can pay off credit cards, car loans, and more with money from your life insurance policy.

Peace of Mind

Since we do not know what the future holds for any of us, life insurance can provide protection for anything that may come up because you can even borrow from your life insurance policy to pay off debts while you are still alive. Ultimately, a life insurance policy will provide you with the Peace of Mind that you want and deserve. Call the life insurance agents at The Shay Agency in Wilkes-Barre, PA to get your policy started today.

What to do when you get into an accident with an uninsured motorist

What to do when you get into an accident with an uninsured motorist

We buy auto insurance to protect ourselves from the financial losses related to accidents. The sad part? They happen all the time. Despite auto insurance being a legal responsibility in Wilkes-Barre, PA, some drivers still drive without insurance. So how do you get out of such a mess? Here are a few steps experts at the Shay Agency recommend taking if you are hit by an uninsured driver.

Call the police and your insurance company.

Always call the police whenever you are hit by another driver, irrespective of whether they have insurance or not. Calling the police is even more essential if the other party is uninsured, as their report will help in the claim process.

Get information

Most uninsured drivers will try to do something to avoid the law, like running away. Make sure you get the vehicle details as well as their contact in case they make a move. There will always be witnesses and contact information as you will need them when filing a lawsuit.

Gather evidence

Record the time, place, and how the accident occurred while it’s all clear in your head. Take pictures and videos capturing the damage or injuries. You will need this information when getting compensation from your policy if you have uninsured motorist coverage. Get the name and the badge number of the officer attending to your accident, the weather at that time, and any relevant information that can help your insurance company get you fully compensated.

Don’t accept money

Lastly, the uninsured driver might try to bribe you into accepting a certain amount of money to avoid legal repercussions. Remember, you do not know the level of damage on your car and your injury levels. The amount you receive may not be adequate to cover your losses.

Are you looking for an insurance company in Wilkes-Barre, PA? At the Shay Agency, we guide you through your auto insurance policy and ensure that you are adequately covered. Contact us for a deal.

Three key options to consider when you purchase home insurance

If you own a home, you need to purchase home insurance. However, you do have a few options to choose from when it comes to your home insurance policy. We offer home insurance for those in Wilkes-Barre, PA at The Shay Agency.

The following are three key options to consider when you purchase home insurance.

Amount of coverage regarding liability expenses

You will be able to choose from various maximum coverage options regarding liability expenses. You might find policies offering as little as $100,000 in liability coverage or much more than $300,000. You need to calculate your liability coverage needs depending on your risk of experiencing a liability lawsuit at your property. 

Additional living expense coverage

It’s always a good idea to invest in added coverage for additional living expenses. If severe damage occurs at your property, you might be temporarily unable to live at your property. In this scenario, it’s important to invest in coverage for additional living expenses. 

With additional living expense coverage, you’ll have the rent costs for a temporary living space covered on your home insurance policy. 

Actual cash value vs. replacement cost

One of the most basic decisions you’ll make is whether you want an actual cash value or replacement cost policy. Actual cash value policies tend to be lower cost, but they also don’t provide as much coverage. Replacement cost coverage is more secure in the event of a damage claim for your property. 

Let us help you choose between various options for your home insurance solution in Wilkes-Barre, PA. We can help you learn more about your options when it comes to home insurance at The Shay Agency.