What Level of Umbrella Insurance is Needed for Business Owners

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Most business owners are looking for extra coverage for potential insurance claims. Umbrella insurance helps to protect them when a claim exceeds the limits of their liability coverage on a commercial business insurance policy. The Leo Insurance Group of Las Vegas, NV, can assist in determining what level of umbrella insurance is needed to protect your business.

How Does Umbrella Insurance Work?

Umbrella insurance is quite flexible for a business, as you can extend the level of general liability coverage. The policy addition adds another layer of protection by extending the coverage limits. Umbrella insurance is designed to cover all costs that exceed the existing limits of your current commercial business insurance policy.

What Does Umbrella Insurance Cover?

Umbrella insurance helps to cover a business from general liability coverage claims. It could include covering bodily injury claims from an employee or customer getting injured at your business site. You will receive protection from potential property damage claims. Usually, it is an accident caused by your employees while working on your customer’s property. Finally, you gain additional coverage to financially protect you from lawsuits initiated by a former employee or customer. Each is contesting additional financial support for their work-related injuries or property damage. Keep in mind that umbrella insurance does have coverage limits. Confer with your insurance provider on what is the limit of their umbrella insurance policy. Information should be shared before agreeing to a commercial insurance policy adjustment.

If you own a business, consider adding umbrella insurance coverage to your existing commercial business insurance policy. Leo Insurance Group of Las Vegas, NV, is dedicated to creating coverage that meets your business insurance needs. Call and schedule an appointment today.

How Condo Insurance Is Different From Homeowners Coverage

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If you own a condo in the Las Vegas, NV area, Leo Insurance Group wants to help you protect it. We can do that by ensuring you have quality condo insurance, which isn’t the same as a typical homeowners policy. Keeping your condo safe is vital, and good insurance will also help you experience increased peace of mind. Our agents are dedicated to giving you the quality and value you deserve so you can enjoy your condo to the fullest.

Insuring your condo differs from insuring a single-family home because you only need to protect your condo. In other words, everything inside your walls needs to be covered, but you don’t have to worry about things like the roof or foundation. Those are part of the overall building insurance; you’re not responsible for getting a policy on them. Our agents will work with you to find the best condo policy for your needs, allowing you to feel comfortable with your coverage.

We can provide you with quotes from several different insurers so you can choose the policy that fits your needs and lifestyle. We’ll also answer your questions, which can help you move forward with confidence when you choose your policy. There’s no reason to settle for less or spend any time worrying about whether your condo is properly protected. The right coverage can make all the difference.

Contact us today at Leo Insurance Group if you’re in the Las Vegas, NV, area and looking for condo insurance. Our agents are here for you because we want you to feel safe and at home in your condo. By reaching out to us, you’re taking an important first step toward the right policy for you.

Landscaping in Home Insurance

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Landscaping in the rural and urban areas surrounding Las Vegas, NV, including trees, shrubs, plants, and other outdoor elements, plays a significant role in the appearance and value of your home. While homeowners insurance typically covers the structure of your house and personal belongings, it may also offer limited protection for landscaping. However, understanding the extent and limitations of this coverage is essential to ensure you are adequately protected.

What Landscaping Coverage Includes

Most standard homeowners insurance policies provide some coverage for landscaping, but the specifics vary. Generally, this coverage extends to damage caused by certain perils, like fire, lightning, property destruction, or theft. If a covered peril damages your plants, trees, or shrubs, your policy may pay for their replacement, typically up to a certain percentage of the dwelling coverage. For example, if the policy offers 5% of your dwelling coverage for landscaping and you have $300,000 in home insurance, you could receive up to $15,000 for landscaping damages.

It’s important to note that this coverage may have limits on the amount paid per tree or shrub. Additionally, some policies may cover the removal of fallen trees if they block a driveway or damage the house.

What Landscaping Coverage Excludes

While landscaping is often covered under homeowners insurance, there are exclusions. Damage caused by natural events such as floods, earthquakes, and windstorms is generally not covered unless you have a specific endorsement or policy for those perils. Routine maintenance, neglect, or poor upkeep of landscaping elements is also excluded.

Leo Insurance Group For Better Understanding of Insurance

Leo Insurance Group offers all of the information you need about getting insurance. Our agency serves locations in and near Las Vegas, NV. Call today.

How to Extend the Lifespan of Your Car

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With the increasing cost of vehicle ownership, buying a new car doesn’t fit into everyone’s budget these days. That’s why exploring ways to extend the lifespan of your current vehicle is essential. Leo Insurance Group, serving Las Vegas, NV and surrounding areas, is here to assist. Read on to discover simple tactics to get more mileage out of your existing vehicle.

Emphasize Maintenance

One of the most straightforward ways to prolong your vehicle’s life is to emphasize regular maintenance. This includes routine tasks such as oil changes, tire rotations, brake changes, and fluid checks. Adhering to a well-planned maintenance schedule can keep your vehicle in top shape and increase its longevity.

Obtain Adequate Auto Coverage

Having the right auto coverage for your vehicle brings peace of mind. You can rest assured that even if your vehicle gets damaged, you’ll have the financial resources to fix it. Minimal coverage could potentially leave you with damage repair costs that you can’t afford, leading to you being without a vehicle, a significant risk in today’s economy.

Adopt Responsible Driving Habits

Adopting responsible driving habits is another simple strategy to enhance your vehicle’s lifespan. Reckless driving exposes you to the risk of accidents and consequential injuries, costing you money and your vehicle’s life. Driving at moderate speeds, avoiding distractions, and maintaining composure in stressful driving situations all contribute to lengthening your vehicle’s lifespan.

To learn more about auto insurance, get in touch with us at Leo Insurance Group, serving Las Vegas, NV, and surrounding areas.

Vacation Liability in Recreational Insurance: What You Need to Know

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Vacation liability is a pivotal component of recreational insurance around Las Vegas, NV. It provides essential protection for those who own or rent recreational vehicles (RVs) and use them for vacations. Understanding how vacation liability operates can safeguard you while enjoying your travels.

What is Vacation Liability?

Vacation liability coverage shields RV owners and renters from liability claims stemming from incidents where the RV serves as a temporary residence or is briefly parked in a vacation spot. This coverage resembles the personal liability coverage found in homeowner’s insurance policies. It covers property damage and bodily injuries that you may be legally responsible for if an accident occurs at your campsite or wherever your RV is parked.

Why You Need Vacation Liability

When you employ your RV for vacations, you are exposed to various risks not typically covered by standard auto insurance. For instance, if someone slips and falls outside your RV while parked in a campground, you could be liable for medical expenses and other damages. Vacation liability coverage helps protect you from the financial consequences of such incidents, offering peace of mind.

Coverage Limits and Considerations

Vacation liability coverage typically stipulates specific limits, which vary depending on your policy. Reviewing these limits and ensuring they are adequate for your needs is essential. Consider factors such as the size of your RV, the number of people, and the activities you partake in. Additionally, check if your policy includes coverage for all the locations you plan to visit, as some policies may impose geographical restrictions.

Leo Insurance Group Is Here For You

Leo Insurance Group is here for you when you need insurance information. Our services are available in Las Vegas, NV locations and surrounding areas. Call today.

Protecting Your RV from Theft and Vandalism: Insurance and Protection Tips

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Vandalism and theft are not unusual in Las Vegas, NV. Make sure you’re covered if you’re planning on visiting with your RV. Leo Insurance Group can help.

Understanding the Risks

Vegas has high tourist traffic, so you never know who is passing through town. Consider these stats:

  • 40.3 million passing through in March 2023
  • In Clark County, there were over 67,000 cases of property crime
  • Burglary made up 10,000 incidents
  • Motor vehicle theft accounted for over 19,000 crimes

Insurance Coverage for RVs

Comprehensive coverage is your best bet because, with the right policy, it will cover accidents, thefts, and vandalism. Other options include liability and collision. However, the only one that protects from theft or vandalism is comprehensive.

To decide what you need, consider:

  • Coverage limits
  • Deductibles
  • Additional endorsements or riders

If something happens, be sure to file a claim as soon as possible. Document everything and gather all of your evidence to have it ready for your insurance company.

Practical Prevention Tips

It’s always a good idea to stay in an RV park with security. There are many available in the area. Don’t neglect to research your options. Read reviews and ask questions in social forums.

Here are some other ideas to keep your RV safe:

  • High-quality locks
  • Security systems installed
  • GPS tracking
  • Keep valuables out of sight

Now What?

If you want to protect your RV, Leo Insurance Group can help. We know the risks of using an RV in Las Vegas, NV. Our insurance experts are here to answer any questions you might have. Reach out to us to get the answers you need.

Riding with Confidence: Motorcycle Insurance Insights for Las Vegas, NV

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At Leo Insurance Group, we know how much many Las Vegas, NV, riders love their motorcycles. We want to help motorcyclists improve their riding experience by offering peace of mind, protection in the worst-case scenario, and affordable options that align with Nevada law.

Why Motorcycle Insurance is Important

While insurance is a good idea for a lot of reasons, all registered vehicles in Nevada, including motorcycles, are required by law to have insurance. It would be best to have this insurance before you could ride on any public street. You must have liability insurance with a minimum of $25,000 for bodily injury or death of one person, $50,000 for bodily injury or death of two people, and $20,000 for injury or destruction of property. However, you may want a higher level of coverage if you have greater liability concerns or want added protection beyond what the state mandates.

What Motorcycle Insurance Covers?

The most obvious coverage element is liability because Nevada requires liability coverage, but liability is not the only type of coverage that may be included in a motorcycle policy. Some areas that a policy can cover:

  • Liability insurance for liabilities to another driver or their property
  • Medical payment coverage for your medical expenses
  • Comprehensive coverage to protect from non-collision incidents like natural disasters
  • Personal injury protection for lost expenses, financial damage, and medical bills
  • Underinsured or uninsured insurance for issues related to an accident with an uninsured or underinsured person

Ride Freely with Motorcycle Insurance

If you want to ride freely with confidence and protection, Leo Insurance Group wants to offer riders in the Las Vegas, NV, area the chance to get the level of coverage they need. If you are looking for a motorcycle insurance policy you can trust, you can request a quote. Our expert motorcycle insurance agents will be ready to answer any questions or concerns you may have so that we can help you make the right choice for your motorcycle and your future. You’ll be riding with added ease in no time.

Should You Get Umbrella Insurance?

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Umbrella insurance is often called catastrophic coverage because it covers high-cost events. Do you need an umbrella policy, or is your current coverage enough? At Leo Insurance Group in Las Vegas, NV, we offer umbrella insurance policies. Let’s take a look at signs you should get an umbrella policy. 

What is Umbrella Insurance? 

Umbrella insurance typically has coverage limits of $1 million up to $10 million. If you are liable for a catastrophic event, like a 10-car pileup, this policy will cover what your standard policy doesn’t. 

You Have Standard Insurance Policies

To qualify for umbrella insurance, you must have standard policies. You can be eligible for umbrella insurance if you have a homeowner’s and auto policy. However, first, you’ll need the maximum coverage limits for your standard policies. 

Your Net Worth Exceeds Your Coverage 

An umbrella policy is designed to protect you from liability that exceeds your current policy limits. You should consider an umbrella policy if you have $1 million in assets but $500,000 in auto insurance liability. 

If you have the means to pay the costs, you are more likely to be sued and have a large judgment against you. 

You Are Concerned About Your Financial Future

What if your net worth doesn’t exceed your current policy limits? You may still need umbrella insurance. If there’s a judgment against you, it can also include future earnings. This means you may be paying the costs long after the event has occurred. 

You Want Peace of Mind  

Umbrella coverage typically picks up where your primary insurance policy stops and covers the difference. However, it also covers things not covered in your standard policy. This can give you peace of mind. 

Umbrella Coverage at Leo Insurance Group

If you need umbrella coverage in Las Vegas, NV, contact us at Leo Insurance Group. Our friendly agents are here to discuss your insurance needs and help you select the best policy. 

Condo Insurance – Optional Coverage Types

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Learn about some optional coverage types that will protect your condo and the possessions you store inside of it. The additional types of coverage will protect your property from theft, natural disasters, and vandalism.

Replacement Cost Coverage

A standard policy will protect your possessions and factor in their depreciation. Replacement cost coverage provides additional coverage that a standard policy does not. It will pay for the full cost of replacing any stolen or severely damaged belongings.

Vacant or Unoccupied Coverage

If you don’t plan on staying in your condo on a consistent basis, you can benefit from adding vacant or unoccupied coverage to your policy. This type of coverage will protect your condo when you are not present.

If someone breaks in, your coverage will pay for repair costs. If your condo is damaged during a natural weather event, the coverage will pay for renovation costs.

Water Damage Coverage

Water damage coverage will protect your condo if its plumbing system backs up. The coverage will include replacement materials, labor, and other essentials needed to restore the condo to its original state.

Inspection and Assessment

Conduct an inspection and assessment first. An inspection of your condo will help you determine the level of coverage you need, and an assessment of how you use your living space will also help you pinpoint the type of condo insurance you need.

Agent Consultation

Review the optional coverage types that we offer at Leo Insurance Group. Then, contact one of our agents who serve Las Vegas, NV. The insurance agent will add the optional types of coverage to your current condo insurance policy.

What Updates to Make to Your Insurance Before You Renew

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When you renew your home insurance policy, you may think you can send in a payment or continue the same policy and plan without updates. That is the case, but it does not mean that is what you should do. There are plenty of benefits to updating your policy to ensure it better reflects your individual needs. 

At Leo Insurance Group, we work with clients throughout Las Vegas, NV, and the surrounding areas to ensure their home insurance meets their specific needs. Before you renew, there are a few things to keep in mind.

What to Update on Your Home Insurance This Year

Before you renew your home insurance policy, take a closer look at these recommendations:

  • Do you have enough content coverage? If you purchased anything of significant value in the last year, it may be valuable to upgrade your content coverage. That will make sure you have enough if there is an event like a fire. 
  • Is your policy reflective of today’s home costs and value? The cost to rebuild a home today may be more than it was when you initially established your home insurance policy. Make sure to update your coverage.
  • Did your home living arrangement change? If you added a pet, swimming pool, or other risks to your home, be sure to let your insurance agent know that. 

Home insurance is incredibly valuable when it fits your specific needs. Make sure you read through your coverage to ensure that is the case before you renew.

Let Our Independent Insurance Agent Help You

When you contact Leo Insurance Group about your home insurance in Las Vegas, NV, you will get up-to-date information and pricing to meet your current needs.