Does Your College Student Need Renters Insurance?

As a parent, several important considerations come into play when your child moves out to attend college. Depending on whether your child commutes to class from home or shifts to a dorm, apartment, or shared living space, you may need to think about renters insurance. Here’s an overview of why renters insurance is crucial and how ‘Dern & Company Insurance’ of Milwaukee, WI, can help.

Landlords Don’t Cover Student’s Personal Possessions

While a landlord may have insurance to shield their own property, they don’t insure the personal belongings of their tenants. It’s the tenant’s responsibility to secure their personal assets.

Renters Insurance Can Be a Lease Obligation

A growing number of property management firms and landlords are mandating tenants to carry renters’ insurance as part of the rental agreement. However, where to buy renters insurance lies within the tenant’s discretion.

Liability Claims Get Covered Under Renters Insurance

Renters insurance is not just about personal property; it also includes liability protection. The tenant (listed on the lease) could be held accountable if anyone gets hurt in a rental property.

Replace Lost Items Through Renters Insurance

Students may possess personal property worth thousands of dollars, from furniture to electronics to clothing. Renters’ insurance safeguards these items from losses stemming from vandalism, theft, fire, or other unexpected events.

Enjoy Added Perks

Renters insurance protects a tenant’s possessions at the rented property and while they are on the road – a hidden benefit worth considering.

Contact Dern & Company

At Dern & Company, our goal is to help families in the Milwaukee, WI area protect their interests through a diverse array of insurance products – including renters’ insurance. To learn more, give us a call at Dern & Company Insurance. We look forward to assisting you.

Does my boat insurance cover vandalism and theft in Milwaukee, WI?

Only commercial fishing boats are legally required to carry insurance in Milwaukee, WI. However, you may still want to consider adding this protection seriously. If you do not have boat insurance, you will not have protection from any boat-related incidents, including vandalism and theft. Dern & Company can help you explore policies to find one that best suits your needs.

Basic Boat Insurance

Most people who are considering boat insurance look at liability insurance first because that is where they have the highest risks. When you are out enjoying your boat, it can be challenging to remember that accidents happen and that people can get hurt. If your boat accidentally runs into someone else’s, liability insurance could protect you by covering the victim’s property damage and medical bills.

Coverage for Theft and Vandalism

There are several other kinds of protection you can get for your boat. One of the most important kinds of protection you can get is coverage if your boat is the victim of theft or vandalism. If you have an old boat with little value, you may not care, but if your boat is valuable, you should have this protection. Otherwise, you will have to repair or replace your boat on your own.

Contact Dern & Company for All Your Insurance Needs

Protecting your property is important. If you are involved in an accident with your boat, your other assets are at risk, too. If your boat is stolen and you have no insurance, you will need to pay out of pocket for a replacement. If you want to discuss different kinds of protection or compare policies, please contact Dern & Company in Milwaukee, WI, today.

Does my boat insurance cover vandalism and theft in Milwaukee, WI?

Only commercial fishing boats are legally required to carry insurance in Milwaukee, WI. However, you may still want to consider adding this protection seriously. If you do not have boat insurance, you will not have protection from any boat-related incidents, including vandalism and theft. Dern & Company can help you explore policies to find one that best suits your needs.

Basic Boat Insurance

Most people who are considering boat insurance look at liability insurance first because that is where they have the highest risks. When you are out enjoying your boat, it can be challenging to remember that accidents happen and that people can get hurt. If your boat accidentally runs into someone else’s, liability insurance could protect you by covering the victim’s property damage and medical bills.

Coverage for Theft and Vandalism

There are several other kinds of protection you can get for your boat. One of the most important kinds of protection you can get is coverage if your boat is the victim of theft or vandalism. If you have an old boat with little value, you may not care, but if your boat is valuable, you should have this protection. Otherwise, you will have to repair or replace your boat on your own.

Contact Dern & Company for All Your Insurance Needs

Protecting your property is important. If you are involved in an accident with your boat, your other assets are at risk, too. If your boat is stolen and you have no insurance, you will need to pay out of pocket for a replacement. If you want to discuss different kinds of protection or compare policies, please contact Dern & Company in Milwaukee, WI, today.

The Basics of Commercial Insurance: What Wisconsin Business Owners Need to Know

Many dream of being a business owner in the Milwaukee, WI, area. If you are starting or running a business here, you need to know and manage many vital facets. One crucial part is insurance. There are various aspects of commercial insurance that a business owner needs to know. 

Types of Insurance

When you build a commercial insurance plan, knowing the types of insurance available is important. You select a policy based on your business’s needs. Some of the kinds of insurance to consider include the following:

  • Liability insurance provides commercial liability coverage for a business. This offers coverage for bodily injury, property damage, and other injury claims against your company.
  • Property insurance offers coverage for all assets owned by your business. This includes protection for your place of business, inventory, and other assets against fire, theft, and other risks. 
  • Workers’ compensation offers coverage for your employees if they are injured while on the job. 

Requirements

It is also essential to assess your insurance requirements. Most businesses will be required by other entities to get insurance. This can include requirements set by lenders, real estate owners, investors, and other stakeholders. If you have employees, you may be required by the state of Wisconsin to carry worker’s compensation insurance. Following such requirements is important and will keep you in good standing. 

Anyone who plans to own a business in the Milwaukee, WI area should call our team at Dern & Company. We offer various services to help ensure you build a plan that meets your needs and protects your organization. 

Safeguarding Your Belongings: How Renters Insurance Covers Personal Property Loss

At the core of renters insurance policies is personal property coverage. This coverage in and around Milwaukee, WI serves as a cornerstone by protecting your possessions, including furniture, electronics, clothing, and other personal items, from various potential risks. Here’s how this coverage works:

  1. Protection Against Common Perils: Renters insurance offers protection against prevalent risks such as fire, smoke damage, vandalism, theft, and specific weather-related damage. If any of these events cause harm or destruction to your personal property, your renter’s insurance policy steps in to help you recover the value of your losses.
  2. Actual Cash Value vs. Replacement Cost: When insuring personal property, you can choose between two types of coverage: actual cash value (ACV) and replacement cost coverage. ACV coverage reimburses you for the present value of your items, considering depreciation. In contrast, replacement cost coverage covers the expense of replacing your belongings with new ones of similar kind and quality without accounting for depreciation. While ACV coverage is often more affordable, replacement cost coverage provides more substantial financial protection in the event of a loss.
  3. Off-Premises Coverage: Renters insurance doesn’t limit its protection to your rental unit alone. Possessions are covered even if what is stolen was not on the premises. This means that if your laptop is stolen from your vehicle or your luggage goes missing while you’re traveling, your renter’s insurance can assist in covering these losses.
  4. Customized Coverage Limits: Renters insurance policies are adaptable to your specific requirements. You can select the coverage limit for your personal property, ensuring ample protection according to the worth of your possessions. 

Dern & Company LLC Can Help You

At Dern & Company, we can help answer questions concerning renters insurance. We serve the Milwaukee, WI area. Contact us today.

Four important pieces of advice to follow before buying boat insurance

Boat owners need to make the right decisions when choosing their insurance coverage to protect them financially. At Dern & Company, we sell boat insurance in Milwaukee, WI.

The following are four essential pieces of advice that boat owners should follow when buying boat insurance. 

Research any boat insurance requirements you need to meet

Boat insurance is required in a variety of situations. Boat insurance is always required by lenders who provide financing for boat purchases. Many marinas also require boat insurance.

Ensure you are aware of any requirements you need to meet regarding boat insurance coverage. 

Know about coverage exclusions on your boat insurance policy

Boat insurance policies sometimes have policy exclusion on costs boat owners face due to maintenance-related issues or normal wear and tear.

Make sure you know about all the exclusions your policy includes so that you don’t face unpleasant surprises if you file a claim. 

Understand any navigational limits on your policy.

Any boat insurance policy will include some navigational limit. You won’t be covered if you take your boat outside these navigational limits. That’s why policyholders need to understand the navigational limitations their policy is subject to. 

Invest in any available safety equipment.

Taking boating safety measures and investing in safety equipment like alarms can help to minimize the chances that you’ll face high expenses and damages due to boat ownership.

You should research safety precautions and take such precautions whenever possible to prevent boat accidents whenever possible. 

Are you interested in learning more about boat insurance in Milwaukee, WI? Give us a call today at Dern & Company to get a quote on a boat insurance policy. 

Three things you need to know about commercial insurance

Business owners need to be informed about how commercial insurance works and what their commercial insurance needs are. At Dern & Company, we’re here to answer your questions about insuring your business in Milwaukee, WI.

The following are three things you need to know about commercial insurance. 

There are a lot of different types of commercial insurance available.

Business owners should understand all the different types of commercial insurance. Different companies need different types of coverage.

Every company can benefit from carrying commercial liability coverage. In addition, companies that rely on vehicles for commercial operations should carry commercial auto coverage. Companies with employees typically need workers’ compensation coverage.

Other types of coverage include errors and omissions insurance, business interruption insurance, and more.  

Commercial insurance is required by law in some situations.

Your company might be legally required to carry commercial insurance. This is especially true if your company employs staff members. Many states have laws requiring companies to carry workers’ compensation coverage if they have at least a certain number of employees. 

Commercial insurance can make it easier to be approved for business loans. 

One of the benefits of carrying commercial insurance that some business owners aren’t aware of is that insurance makes it easier to acquire financing.

Lenders generally require companies to carry commercial insurance before they approve them for business loans. You’ll probably find it easier to get capital if you insure your company when you need it. 

You can insure your business in Milwaukee, WI with Dern & Company. We are an insurance provider offering commercial policies to area business owners. Contact us today for a quote on a policy that will financially protect your company. 

Do I need Year Round Boat Insurance in Wisconsin?

As boating enthusiasts, the team at Dern & Company understands the importance of boat insurance. We know every boater wants to protect their vessel, but do you need boat insurance year-round in Milwaukee? In this blog, we will break down the benefits of year-round boat insurance and why it’s crucial for boaters in Milwaukee, WI.

The Weather in Milwaukee

Milwaukee’s weather can be unpredictable, with frigid winters and sudden storms. These weather events can cause significant damage to watercraft. Even if your boat isn’t on the water in the offseason, it still needs to be protected from theft, vandalism, and other risks that can occur while it’s in storage. Year-round boat insurance will give you peace of mind by knowing that your vessel is protected, no matter the season.

The Costs of an Accident

Boating accidents can occur even when you’re the most cautious. Whether it’s a collision or an injury to a passenger, the financial impact of these incidents can be devastating. Liability coverage in your boat insurance policy will protect you from legal and financial repercussions. Year-round insurance coverage ensures that you have the necessary protection throughout the year, whether on the water or not.

Compliance with Marina Requirements

Many marinas in Milwaukee require boat owners to have proof of insurance before they can dock or launch their boats. A year-round boat insurance policy guarantees that you have the necessary insurance requirements throughout the year, allowing you to enjoy your watercraft whenever you want.

While you may think boat insurance is only necessary during the boating season, having year-round coverage is essential in Milwaukee, WI. Contact Dern & Company today to learn about year-round boat insurance policies and how they can protect your watercraft.

Does Commercial Insurance Protect Against Business Liability?

Commercial insurance is a necessary tool to help prevent losses and protect owners from various risks. One of the benefits of commercial insurance is that it provides liability protection. Anyone interested in acquiring top quality Commercial Insurance can count on Dern & Company to steer them in the right direction. We proudly serve Milwaukee, WI, and the surrounding areas.

Commercial Insurance Coverage 

If you own a business or a commercial endeavor, you’ll need commercial insurance to protect you from various covered events. Liability protection is also included in most commercial insurance policies. These policies cover specific events that are considered the responsibility of business. There are several reasons for a liability claim ranging from customer injury or owner negligence resulting in property loss or damage.

Our agents are standing by to provide business owners with the insight and guidance necessary to select policies that meet their needs. Our agents work closely with each individual to determine their current and future needs and then recommend policy options based on those observations. Our agents will also outline the terms and conditions to ensure you understand what the policy will and won’t cover.

In addition to helping our customers select and submit information to get commercial insurance coverage, we offer full customer support after the policy purchase. We can assist with various policy changes or even with submitting documents and details related to a policy claim. We are committed to offering top-quality customer service to individuals seeking peace of mind and protection from liability.

Reach Out Today 

To get more information about commercial insurance options, contact an agent at Dern & Company today. We can help make the policy of selecting and purchasing insurance straightforward and hassle-free. We are here to serve the residents of Milwaukee, WI, so they can get the coverage they need.

Why Do I Need Commercial Property Insurance?

Business owners in the Milwaukee, WI region are not mandated by law to purchase commercial property insurance, though many choose to do so to protect against financial loss. The only required insurances are workers’ compensation and commercial automobile insurance. 

Depending on the industry you work in, you may have machinery that is necessary to produce the items or services you provide. It’s important to estimate the value of replacing this equipment on top of any lost income that could result in the event of a catastrophe. Inventory is another important class of goods you may wish to keep insured. 

It’s important to remember that commercial property insurance also insures the contents within the four walls of a building if you rent or lease. Many landlords will require you to obtain this type of indemnification in their contract, as their insurance will not protect your possessions but only the edifice itself. Be sure to let your Dern & Company insurance representative answer these and any other specific questions you may have about property insurance. 

Your products can be subject to theft, as well as your machinery or the components you keep on hand, and vandalism can damage items, as can fires due to faulty wiring or arson. Smoke damage can devastate your wares, rendering you unable to sell them due to residual odor, and water from sprinkler systems can further ruin your tools and goods. 

Natural disasters can also affect your stock, including hail, heavy rain, tornadoes, and hurricanes. Lightning is another hazard that can damage electronics by overloading the power grid and surging through outlets. 

Let Us Help

Dern & Company exists to help Milwaukee, WI residents with their insurance needs. Let us be of assistance to you by reaching out via telephone, the internet, or visiting the office.