Three common misconceptions about motorcycle insurance

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Motorcycle owners need to choose a motorcycle insurance policy that protects them financially. At Maple Mountain Insurance Services, we offer motorcycle insurance coverage to motorcycle owners in Mapleton, UT.

There are a few misconceptions that motorcycle owners should be aware of so that they don’t make poor motorcycle insurance coverage decisions.

Here are three common misconceptions about motorcycle insurance. 

Getting a motorcycle insurance policy quote negatively impacts a consumer’s credit score.

Getting numerous quotes when you’re on the market for motorcycle insurance is essential. You shouldn’t be discouraged from getting multiple quotes because you’re worried about negative impacts on your credit score.

When you get a quote on a motorcycle insurance policy, the insurance policy will check your credit score. However, this will be a soft inquiry that won’t reduce your score. This means you should feel free to get multiple quotes you can compare when choosing your motorcycle insurance policy. 

You only need to meet state minimum coverage requirements with your motorcycle insurance.

To protect your finances, you should invest in motorcycle insurance coverage that exceeds state minimum requirements. You will even be required to do so if you took out a loan to purchase your motorcycle because lenders will require you to buy collision coverage. 

Motorcycle insurance usually costs as much as auto insurance.

Motorcycle owners will be happy to learn that motorcycle insurance usually costs less than auto insurance.

Some consumers assume that the costs of motorcycle and auto insurance are similar. However, motorcycle insurance often costs a consumer only around half of the cost of auto insurance coverage. 

Let us come to your assistance at Maple Mountain Insurance Services if you’re looking for motorcycle insurance coverage in Mapleton, UT. Give us a call or send us a message online to learn more about our insurance policy offerings. 

How Can I Reduce the Risk of My Boat Being Stolen?

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There’s nothing quite like the open water. The wind in your hair, the sun on your face, and the feeling of freedom as you cruise along. But if you’re a boat owner, you also know that owning a boat comes with unique challenges. One of the most pressing concerns for boat owners is the risk of theft. After all, boats are expensive items often left unattended for long periods. So how can you reduce the risk of your boat being stolen? Read on to find out.

1. Get a Good Alarm System

One of the best ways to deter thieves is to invest in a good alarm system. There are many different types of boat alarm systems on the market, so do your research to find one that best suits your needs. Some alarm systems will notify you via text or email if someone tries to break into your boat, while others will emit a loud siren. No matter which type of system you choose, ensure it is appropriately installed and set to the correct sensitivity.

2. Use a GPS Tracking Device

Another way to deter thieves is to use a GPS tracking device. If your boat is stolen, you can track its location. Ensure that the tracking device is hidden from view so thieves cannot disable it.

3. Lock It Up

Of course, one of the simplest ways to deter thieves is to lock up your boat. Use a high-quality padlock and chain to secure your boat to a dock or post. If you are storing your boat on land, consider investing in a security system for your storage facility.

4. Invest in Boat Insurance

Even if you take all of the above precautions, there is always a risk that your boat could be stolen. That’s why it’s essential to invest in boat insurance. Make sure you understand your policy and what it covers so that you can claim if your worst nightmare comes true.

Get Boat Insurance in Mapleton, UT

Maple Mountain Insurance Services offers comprehensive boat insurance policies that can give you peace of mind on the water. Contact us today to learn more about our coverage options or get a quote. We’re here to help you protect your investment so you can enjoy the open water worry-free.

Is umbrella insurance only for the wealthy?

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When it comes to misunderstood insurance, nothing compares to umbrella insurance. The only people who understand it are those that already have it and insurance agents. At Maple Mountain Insurance Services in Mapleton, UT, our team of insurance professionals has years of insurance experience that they love sharing. As independent agents, we can provide more choices and the best rates. 

What exactly is umbrella insurance? It is not a stand-alone insurance policy. It is the type of policy that is added to one that you already have. The policy you already have must have a liability component since umbrella insurance is an excess liability. That means, in simple terms, that your policy, whether home or auto insurance, will pay for a liability claim against you up to the limit on your policy. At that point, the umbrella insurance kicks in. The beauty of an umbrella policy is that you only need one to cover all the other policies with liability coverage. 

Most basic liability on your policies may not be very high. If you have assets you need to protect, you don’t need to be wealthy to benefit from umbrella insurance. With the size of judgments these days and the cost of legal expenses, it doesn’t take much to go past the coverage you likely have. If you have worked hard to earn what you have, umbrella insurance, which is quite affordable, is the perfect way to safeguard your savings and possessions. 

Contact Maple Mountain Insurance Services in Mapleton, UT with any questions about umbrella insurance. It is the type of insurance that anyone who owns anything can benefit from. You can reach us on the phone or stop in at our office. 

How To Choose Flood Insurance in Utah

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In Mapleton, UT, it’s important to have flood insurance. But how do you choose the right policy? There are a few things to consider when choosing flood insurance.

Do you live in a Special Flood Hazard Area (SFHA)?

Even if you don’t have a mortgage, getting flood insurance is good if you live in an SFHA. An agent at Maple Mountain Insurance Services can help you determine if you live in an SFHA. If you do, your lender will require you to have flood insurance.

What kind of coverage do you need?

There are two types of flood insurance policies: building property coverage and personal property coverage. Building property coverage covers the structure of your home or business. Personal property coverage covers your belongings.

How much coverage do you need?

Flood insurance policies have limits. If you have a mortgage, your lender will require you to buy enough insurance to cover the amount of your mortgage. Even if you don’t have a mortgage, buying enough insurance to rebuild your home or business is good.

What does flood insurance cover?

Flood insurance covers damage from floods, including water that enters your home or business through:

  • Doors
  • Windows
  • Vents
  • Cracks in walls or foundations

The exact coverage depends on the type of policy you have.

What does flood insurance not cover?

Flood insurance may not cover damage from:

  • Sewer backups
  • Overland water (from rivers or lakes) that enters your home or business through doors, windows, or vents
  • Water that enters your home or business through cracks in walls or foundations
  • Water that seeps into your home or business through the ground

If you have questions about flood insurance in Mapleton, UT, don’t hesitate to contact Maple Mountain Insurance Services. We are here to help!

5 Moments to add or upgrade life insurance in Mapleton, UT

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Maple Mountain Insurance Services knows that life insurance is a necessity.

Unfortunately, many others don’t understand this fact until it’s too late. Even existing policyholders underestimate their current coverage. Life insurance is a living document. As your life changes, your policy should too.

Maple Mountain Insurance Services can help. Located in Mapleton, UT, the agency lists five life events that require an immediate review of your life insurance needs.

Getting married

Marriage is a major financial commitment. If a spouse passes unexpectedly, bills, expenses, and other debt are left behind. Life insurance covers the surviving partner, enabling them to continue without this burden.

Buying a home

Many families rely on two sources of income. And mortgage payments will continue after you pass. Life insurance enables your family to keep the home by supplementing these costs.

Having a baby

Raising a child already leads to worry and sleepless nights. Rest a little easier with life insurance. This secures your child’s future, providing safeguards if you may pass prematurely.

Starting a business

Giving "birth" to a new business is equally scary. The payout from life insurance could help a family assume control when you’re gone. Yet life insurance covers investors too. It grants peace of mind and stability. It ensures continuity if you pass.

Retiring

Life insurance is meant to reduce risk and replace earned wages of a deceased partner. This becomes less important during retirement. Pensions and Social Security may be enough. Once you stop working, you may want to decrease your coverage.

Contact an agency in Mapleton, UT.

"Set it and forget it" won’t cut it. Life insurance should grow with you. Serving Mapleton, UT, Maple Mountain Insurance Services can craft a policy that best protects you and your family. Schedule an appointment today.

What You Should Know About Auto Insurance

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Auto insurance is one of your most important types of monthly expenses. At Maple Mountain Insurance Services, serving Mapleton, UT, we want to help you make solid insurance choices. We strive to provide you with the best insurance information available. Keep reading to learn more about auto insurance. 

Auto Insurance Is a Big Deal 

Auto insurance is a critical expense because it is required by law. Because it is required by law, it is crucial that you get the best possible deal. Auto insurance is also important because it can protect you from financial liability if you are in a wreck. 

Auto Insurance Could Protect Your Finances

If you are involved in an accident, you will be held responsible for repairs or replacing your car. If you are at fault in an accident, you will also be responsible for repairing or replacing the other vehicles involved. In addition to this, if anyone is hurt, you will be liable for their medical bills and any legal fees that may result. 

A solid auto insurance policy will protect you from these financial vulnerabilities. 

There Are Different Types of Coverage

It is vital that you get the appropriate type of auto insurance coverage. There are two main types of coverage.

  • Liability– Liability coverage will only pay for damages to another vehicle when you are at fault. It will not pay for damage to your vehicle. 
  • Full Coverage– Full coverage will pay for damages to your car and other cars involved in a wreck. This is the best type of coverage to have in most cases. 

If you would like to learn more about our services, don’t hesitate to contact Maple Mountain Insurance Services, serving Mapleton, UT, and the surrounding areas. We will be happy to help you today. 

Understanding Health Savings Plans

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There are some health insurance plans that will include a Health Savings Account (HAS). These accounts are often used by Mapleton, UT residents who have an insurance plan with a high deductible to cover health care costs. If your health insurance plan has a HAS and you are unfamiliar with it, Maple Mountain Insurance Services would like to share some basic information with you.

How Do HSAs Work?

HSAs are often offered by employers as a supplement to their medical insurance plans. If an employee does not have a HSA, but has a high deductible plan, they can open an individual account. Owning a HSA means that you must decide the amount of tax-exempt funds you’d like to send to your HAS to cover medical expenses. Just keep in mind that there are maximums mandated by the government. This amount changes from one year to the next and whether you are insuring an individual or family. Our team can help you determine how much you should send to your HSA.

How Can HSAs Be Used? What Are Their Benefits?

A health savings plan covers healthcare-related costs that your regular health insurance plan does not cover, such as birth control, medical supplies, prescriptions, eye care, and dental care. In addition, it can provide funding for deductibles, copays, and coinsurance. As a general rule, your insurance premiums cannot be paid by your HSA.

One of the great things about HSAs is that the accumulated money in the account will roll over to the next year instead of expiring at the end of the year. These plans are great for mutual fund investment income. You never have to pay taxes if you withdraw money, and they aren’t part of your taxable income. They are often used in retirement savings because the funds are eligible for non-healthcare expenses once you reach the age of 65.

If you would like to learn more about health savings plans in Mapleton, UT, schedule an appointment with a member of our team at Maple Mountain Insurance Services.

Types of Commercial Insurance

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One of the biggest concerns, when you become a small business owner, is determining the type of commercial insurance that you need to protect your business. The coverage that you need depends on the type of business that you own, but several coverage types are necessary for most businesses.

General Liability Insurance

If one of your customers sustains an injury when visiting your business because of an error made by you or one of your employees, you will be glad you have general liability insurance. This type of commercial insurance will cover the cost of any medical bills or legal fees that result from such an incident.

Commercial Property Insurance

The building that houses your company and the contents of that building should be covered by commercial property insurance. The coverage will also pay for any impact on your income that results from damage done to your property due to theft, fire, or natural disaster.

Workers’ Compensation Insurance

While there are a few exceptions, employers in the state of Utah are required to have workers’ compensation insurance. Workers’ compensation covers expenses related to an employee’s injury in the workplace, from loss of wages to hospital bills. The professionals at Maple Mountain Insurance Services in Mapleton, UT are familiar with all of the state laws and will be able to tell you if your business requires this type of commercial insurance coverage.

Commercial Auto Insurance

Even the most careful employee can be involved in an automobile accident while driving a company-owned vehicle. You can help protect your business in the event of such an accident with commercial auto insurance.

If you are a small business owner in the Mapleton, UT area in need of commercial insurance coverage, contact Maple Mountain Insurance Services today. We will go the extra mile to ensure that your business has all of the protection in place that you need. Give us a call.

Utah Commercial Insurance – What You Need To Know About Commercial Insurance

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Legal Liability is a hot topic amongst businesses, and it’s a topic that you should be familiar with if you own a business.  If the recent tragic concert event in Houston, TX has taught us anything, it’s taught us that we truly don’t know what can happen day-to-day.  Anything can happen either inside or outside your business’ doors, and it’s imperative that you protect your business from these types of events.  Maple Mountain Insurance Services in Mapleton, UT can help you with your commercial insurance needs.  

Commercial Insurance

Commercial Insurance offers protections against catastrophic events to your business and also offers liability protection in the case of personal injury.  Think of the events that could happen in the day-to-day running of your business.  Someone could slip and fall on a wet floor inside your business.  If your staff neglected to put up a wet floor sign to warn others, your business could be liable for personal injury and damages.  If your staff fails to have snow and ice removed in a reasonable amount of time after a snow storm, your business could be liable should someone slip on ice outside your business on the sidewalk.  

These are just some things to think about in terms of commercial insurance.  Commercial Insurance also protects your business and business assets located inside from damage.  This damage could be due to storm damage, wind damage, fires, water damage and other calamities that could happen to your building in a catastrophic event.  

More Information

You can learn more about commercial insurance and how it can protect your business by contacting Maple Mountain Insurance Services in Mapleton, UT today!

What Should You Know About Health Insurance?

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Choosing the right health insurance plan is not the easiest task. There are many factors to consider before purchasing any specific plan. In order to help you make the right decision, Maple Mountain Insurance Services serving clients in Mapleton, UT, and other surrounding  towns prepared brief information about health insurance: 

What Should You Know About Health Insurance?

Here is what you should know when you are shopping for health insurance:

  • There are four metal categories. They are Bronze, Silver, Gold, and Platinum. These categories have nothing to do with the quality of care – they are based on how you and your plan split the costs of healthcare. The Bronze category is the cheapest one, while the most expensive one is Platinum. 
  • You will make monthly payments to your insurance company. Even if you do not use medical services that month, you will still have to pay a monthly premium. There are also some out-of-pocket costs, including a deductible. 
  • There are different network and plan types. They are PPO, HMO, EPO, and POS plans. There are some plans that allow you to use almost any healthcare provider or facility. There are also plans that will charge you extra if you use a doctor outside your network.

Having healthcare is a must, regardless of your age, occupation, and lifestyle. It may not be easy to find the perfect plan addressing all your medical and personal needs. If you live in the state of Utah, contact Maple Mountain Insurance Services that serve the needs of clients in Mapleton, UT, and other surrounding towns. Our insurance agents will answer your questions and help you make the right choice.