Do I need to carry auto insurance in New Hampshire?

Posted on April 11, 2023April 28, 2023 by admin

Driving in New Hampshire is a pleasure. The gorgeous scent, the uncrowded roads, and the friendly residents. It’s all good. New Hampshire is one of a handful of states that does not require that you carry auto insurance. But, and it is a big but, you need to show that you are financially able to pay for any damage you may cause to people or property if you are responsible for an accident.

At Gateway Property & Casualty in Dover, NH we work hard for our customers to find the right auto insurance policy to meet their needs.

Why Auto Insurance?

While you can opt to provide the information that is necessary to prove your financial ability to pay for any damage that you cause, most people opt to get the basic insurance that is necessary to protect other drivers from you. The minimum liability coverage that you are allowed to carry is 25/50/25. This is $25,000 for injuries to the first person injured, with a total of $50,000 for all the injuries in an accident. An additional $25,000 is to cover damage to the property.

This is the basic amount of insurance that is required to cover the mandate of the government. However, if your car is leased or if it has an auto loan, you will be required to carry insurance that protects the vehicle that you have an interest in. You will need to carry collision and comprehensive coverage. These protect the vehicle from damage that results from a collision with another vehicle and from many other things including flooding, theft, and hail.

Reach Out To Us

If you want to learn more about auto insurance in New Hampshire, give us a call at Gateway Property & Casualty in Dover, NH to discuss the options that we have to offer through our multitude of carriers.

I’m Selling My Home. Do I Need To Cancel My Home Insurance?

Posted on March 27, 2023April 3, 2023 by admin

A crucial aspect of protecting your house and your belongings is having home insurance. What happens, though, if you sell your house? Is it necessary to cancel your policy? At Gateway Property & Casualty, we’re proudly serving residents of Dover, NH and Augusta, ME with all potential home insurance needs.

Will Your Home Insurance Policy Transfer To Your New Home?

You may be wondering if your home insurance policy will follow you if you sell your current home and purchase a new one. The answer to this question will differ depending on your situation and the type of policy you have. It’s extremely unlikely that your standard homeowner’s insurance will be transferable to your new home.

When Should You Cancel Your Home Insurance Policy?

You must cancel your home insurance policy if you sell your home and no longer live there. You should cancel your policy as soon as your home is sold. If you have a mortgage on your home, your lender will require you to keep coverage until the loan is completely paid off. You can cancel your policy once the loan is paid off.

Can I Get a Refund After Canceling?

If you cancel your home insurance policy before the end of the policy term, you may be eligible for a refund. The amount of your refund will be determined by the amount of premium you paid and the length of your policy term. If you paid your premium in full, you will most likely receive a pro-rated refund. If you cancel your policy in the middle of the term, you may not receive a refund. Having said that, most reputable companies, such as Gateway Property & Casualty, are always willing to work with clients to reach an agreement.

Make Sure To Get Insurance For Your New Home

When selling your home, you must cancel your home insurance policy. You should cancel your policy as soon as your home is sold. When you purchase a new home, make sure to get the right coverage for your needs. For all your home insurance questions in the Dover, NH and Augusta, ME area, contact Gateway Property & Casualty and let one of our highly trained agents answer your questions personally.

What is Professional Liability Insurance?

Posted on February 8, 2023February 8, 2023 by admin

Commercial insurance is not mandated by law for residents of Augusta, ME and Dover, NH, however, it will be necessary to obtain workers compensation coverage only. Many business owners decide to purchase professional liability insurance to offer protection for their interests.

What is Professional Liability Insurance?

When you run a practice, there are certain types of mistakes that can happen with regard to oversights or negligence. This category of indemnification can work well for people employed in the medical industry or who are accountants or lawyers. Architects and IT specialists can also benefit from professional liability insurance.

Your overarching general liability commercial insurance policies usually cover a broader range of contingencies and don’t extend to issues pertaining to malpractice or misrepresentation. Your knowledgeable Gateway Property & Casualty insurance representative can give you more information about the specific scenarios that can be included.

It’s also important to understand that this insurance is specialized and must be purchased separately. It cannot be provided in other ways, such as through endorsements or add-ons to your homeowners or other business coverage.

Typically, the covered perils are only those that are listed and not all forms of criminal or civil law violations. Examples of situations that may be accounted for are breach of contract, services that went undelivered, unmet deadlines, or failure to meet protocol.

Your professional liability insurance will usually consider claims and lawsuits that were made or happened during the period of time your policy was active and in good standing.

Gateway Property & Casualty Is Here To Help!

We specialize in offering our clients insurance products tailored to their needs. We serve those in the regions of Augusta, ME and Dover, NH. We invite you to call, visit us online, or stop by the office to further discuss your business insurance requirements.