You could be the best driver in the world, but accidents still happen. Based on a number of factors like an insurer's age, average distance traveled and type of car, auto insurance policies can be complicated and verbose. Depending on the type of coverage, different protections are offered. We are here to help you make informed decisions about which coverage policy is best for you.
Many of us are homeowners ourselves, at R.D. Wood Insurance, we know how important it is to protect your home. Homeowners insurance offers protections including losses occurring to one's home, its contents, loss of its use, loss of personal possessions and more, but homeowner’s insurance policies are notoriously complex and riddled with contingencies and exclusions.
Dwelling Fire Insurance coverage can cover your rental property from fire damage and personal liability. Dwelling Fire policies protects houses and structures that are not owner occupied. It covers the home, walls, foundation, cabinets, countertops, etc. Personal property is not covered in most policies because the home is not occupied by the owner.
Renter’s insurance functions as a homeowner’s insurance policy for those who rent their place of residence. No matter if you live in a condo, apartment, house, duplex, etc., renter’s insurance can protect you and your assets. Having renter’s insurance can help void costs of damages should anything happen to the rental property that you are living in. Buying renter’s insurance insures that your possessions are protected.
Protects your personal property, loss of use, liability as well as additions and alterations to your condo unit.
Protects Umbrella Insurance gives just the type of coverage that it seems like it would; it gives an umbrella for you to stand under. Umbrella Insurance policies protect you from liability problems that go above the liability limits of standard insurance policies, such as your homeowner’s insurance, car insurance, etc. This policy literally puts you under its umbrella so that when you exceed the liability coverage limits on an insurance line, you will still be protected.
Flood insurance cover losses and financial devastation caused by floods. Homeowners insurance does not protect floods. Though it may not seem as crucial as homeowner’s insurance, flood insurance is important if you want to keep your home and your possessions protected. Flood coverage gives protection against losses that result from substantial and lengthy rain falls, storm floods, blocked storm sewerage systems, melted snow, etc.
Recreational Vehicle insurance protects your vehicle and protects it from exposure of the roads. Also, it will cover your traveling companions and possessions while traveling.
A homeowner’s endorsement won’t cover you like a Boat policy. The policy offer coverage for your specific needs with policy options like: Total Loss Replacement – replaces insured’s boat with a new one that is similar to value. Medical Payments - includes coverage for medical expenses if you get hurt when on the water. Physical Damage Coverage- this is optional. It is created to cover your boat, motor, and trailer. Liability Coverage- if you have an accident with another watercraft or a person and it is your fault this coverage will kick in.
It does not matter whether you ride occasionally, a weekend warrior, or a faithful rider, our motorcycle insurance policy offers protection for you, your bike, and your accessories. The policy is created to fit the needs of motorcycle owners.
This Insurance is used to cover any type of commercial property (typically Buildings, Business Personal Property) from such perils as fire, theft and natural disaster. This type of insurance is carried by a variety of businesses, including manufacturers, retailers, service-oriented businesses and not-for-profit organizations.
General Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. Coverage for an insured when negligent acts and/or omissions result in bodily injury and/or property damage on the premises of a Business, when someone is injured as the result of using the product manufactured or distributed by a business, or when someone is injured in the general operation of a business.
Umbrella insurance refers to a liability insurance policy that protects the assets and future income of the policyholder above and beyond the standard limits on their primary policies. It is distinguished from excess insurance in that excess coverage goes into effect only when all underlying policies are totally exhausted, while an umbrella is able to "drop down" to fill coverage gaps in underlying policies. Therefore, an umbrella policy can become the primary policy "on the risk" in certain situations. The term "umbrella" refers to how the policy shields the insured's assets more broadly than primary coverage.
Commercial auto insurance is one of the most important aspects of your business insurance program. If your business uses a vehicle, or many vehicles, you need commercial auto insurance and you will want to ask your business insurance professional some important questions. You will also want to provide your business insurance professional with a complete picture of your vehicle use.
PROFESSIONAL LIABILITY/ERRORS & OMMISSIONS
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder.
Workers Compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
As a contractor, you would need insurance to protect yourself from claims made against you directly and any legal costs incurred even if you are wrongfully sued. It is essential for anyone contracting services to other companies. General liability, automobile and worker's compensation protection are offered, but contractor's insurance policies primarily cover public liability and professional indemnity, often covered under general liability.
We help transportation companies of all sizes get the right protection for their business. We have built a reputation for providing sound advice to transportation companies for managing risk both on and off the road. The coverages we provide ranges from auto liability to trailer interchange, auto physical damage and more.