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110 Blue Ravine Rd, Suite 105,
Folsom, CA 95630

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5 Things to Know About Buying Flood Insurance for Your Home

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As recent events have demonstrated, flooding can happen anywhere – even in areas that have not historically been considered at risk. And while no one likes to think about the possibility of their home being inundated with water, the truth is that it’s always better to be safe than sorry. That’s why, if you live in an area that is prone to flooding, it’s important to have flood insurance. T.D. McNeil Insurance Services in Folsom, CA can help you navigate this important coverage.

Here are five things you need to know about buying flood insurance for your home:

1. Your Homeowners Insurance Probably Doesn’t Cover Flooding

While most homeowners insurance policies cover water damage from things like burst pipes, they typically do not cover damage caused by flooding. So, if you live in an area that is susceptible to flooding, it’s important to purchase a separate flood insurance policy.

2. You May Be Required to Purchase Flood Insurance

If you have a mortgage on your home, your lender may require you to purchase flood insurance. Even if you don’t have a mortgage, though, it’s still a good idea to get flood insurance as it can help protect your home and possessions in the event of a flood.

3. Flood Insurance Is Not Always Expensive

Many people assume that flood insurance must be expensive, but that’s not always the case. The cost of your flood insurance policy will depend on various factors, including the value of your home and its contents, the amount of coverage you need, and the deductible you choose.

4. Flood Insurance May Take Time Before Going Into Effect

If you purchase a flood insurance policy, it’s important to know that it may take up to 30 days for the coverage to go into effect. So, if you’re worried about an impending storm, don’t wait until the last minute to buy flood insurance.

5. You Need to Be Proactive About Flood Protection

In addition to purchasing flood insurance, you can do several things to protect your home from flooding. These include elevation, floodproofing, and installing a sump pump.

Give Us A Call

As you can see, there are many things to keep in mind when it comes to buying flood insurance for your home. If you live in Folsom, CA, T.D. McNeil Insurance Services can help you find the right policy to protect your home and possessions. Contact us today for a no-obligation free quote.

Term Life Insurance vs. Permanent Life Insurance

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There are two main types of life insurance: term life and permanent life insurance. While the former lasts for a specific amount of time, the latter lasts your entire lifetime. 

So, what’s the difference between the two, and which one is better? The answer to the second part of the question depends on many different factors, such as whether you prefer the affordability of term life or the cash value/lifelong protection that the permanent life option provides. 

T.D. McNeil Insurance Services in Folsom, CA  provides this guide in navigating the differences between term life and permanent life insurance. Knowing this information can help you make a well-informed decision for your purchase.

Term vs Permanent: What You Need To Know

  • Premium cost – Although term life insurance generally costs less than permanent life insurance in the beginning, the cost of term life premiums usually goes up upon each renewal, whereas the coast of permanent life premiums stays the same. 
  • Length of coverage – With term life insurance, you have many options when it comes to coverage length, including 1-, 20-, and 30-year terms. And term life usually offers more flexibility than permanent life. Designed for lifelong protection, permanent insurance, which includes universal life and whole life, is a little less flexible than term insurance. 
  • Cash value – Unlike term life insurance, permanent life insurance comes with a savings component that’s referred to as cash value. The longer you pay your premiums, the more the cash value increases. You can either borrow against your permanent insurance policy and use the funds as necessary or you can just cash in. Because term insurance lacks a savings component, it doesn’t see cash value growth. 
  • Ability to convert – Term insurance policies can be converted to permanent policies. However, permanent policies cannot be converted. 

If you’re interested in purchasing life insurance and protecting your loved ones from financial loss and providing them with a comfortable financial cushion, look no further than T.D. McNeil Insurance Services.

As a family-owned insurance agency, we serve the Folsom, CA area and ensure our services meet our clients’ specific needs. For a free, no-obligation consultation, give us a call at 916-983-2561, email us at info@tdmins.com, or visit our office. 

What to Do When You Have a Car Accident

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No one ever wants to be in a car accident. But unfortunately, they happen. And when they do, it’s important to know what to do next. This blog post will give you a step-by-step guide on what to do if you’re ever involved in a car accident. T.D. McNeil Insurance Services in Folsom, CA offers this guide on what to do if you find yourself in an unfortunate situation. 

What to Do When You Have a Car Accident?

1. Check If Anyone Is Hurt

While not all car accidents result in injuries, some do. So, the first thing you need to do is check if anyone is hurt. Remember the injuries do not always have to be visible as some could be internal. If you or anyone else appears to be injured, call for medical help right away.

2. Call the Police

After you’ve made sure that everyone is okay, the next step is to call the police. This is important even if the accident seems minor. The police will create a report of the accident, which can be very helpful down the road.

3. Exchange Information With the Other Driver

Once the police have arrived, it’s time to exchange information with the other driver. You’ll need to get their name, address, phone number, and insurance information. It’s also a good idea to get the make, model, and license plate number of their car.

4. Take Pictures of the Accident

If you have a camera or smartphone, it’s a good idea to take pictures of the accident. This can help prove what happened if there’s ever a dispute.

5. Call Your Insurance Company

The next step is to call your insurance company to inform them about the accident. They’ll likely ask you for all of the same information that you gave to the police. Be sure to answer truthfully and give as much detail as possible. Remember, insurance companies have their own investigator who may look into the accident. If they find that you weren’t honest about what happened, it could affect your claim.

As you have seen, there are several steps you need to take after a car accident. T.D. McNeil Insurance Services can help make sure you’re prepared for anything. We can also help you find the right auto insurance for your car in Folsom, CA. Give us a call today to learn more.

Types of Commercial Insurance in Folsom, CA

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Business owners need to protect their companies with the right commercial insurance policies in Folsom, CA. There are many types of coverage available, and each one serves a specific purpose. T.D. McNeil Insurance Services offers you this guide in navigating commercial insurance.

Types of Commercial Insurance

Commercial Property Insurance

This type of coverage protects your company’s property from damage or theft. It can also help cover the costs of repairing or replacing your property if it’s damaged in a covered event. You’ll need to have a detailed inventory of your company’s property so your insurance provider can assess the coverage you need. A T.D. McNeil Insurance Services agent can help you create a property insurance policy that fits your needs.

Commercial Auto Insurance

If your company uses vehicles for business, you’ll need commercial auto insurance. This type of policy covers the costs of repairing or replacing damaged cars in a covered event. It can also help protect you from lawsuits if someone is injured in a car accident while driving your vehicle.

Commercial Liability Insurance

Commercial liability insurance is a must-have for any business. This type of policy covers you if someone is hurt or your company’s activities damage their property. It can also help cover the cost of litigation if you’re sued.

Product Liability Insurance

If you sell products, you’ll need product liability insurance. This policy type offers coverage for the costs of lawsuits if the products injure a customer. Review your product liability insurance policy to make sure you’re fully protected against potential lawsuits.

Errors and Omissions Insurance

This type of policy protects your business if you make a mistake that costs your customer money. For example, if you give them the wrong advice or provide them with faulty products, this policy can help cover the costs of the resulting lawsuit.

If you’re looking for commercial insurance, contact the experts at T.D. McNeil Insurance Services in Folsom, CA.

Thorough Home Insurance Policy Overview

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T.D. McNeil Insurance Services assists the Folsom. CA community and surrounding areas. We work with multiple carriers across the state. This allows us to offer different types of coverage to our clients. We are committed to helping our clients find the necessary insurance to stay protected in any situation.

Thorough Home Insurance Policy Overview

The Folsom. CA area is home to several beautiful properties. As a local homeowner, you have made a significant investment. Obtaining the right home insurance policy is important because it alleviates stress. Home insurance covers potential damages to the exterior of your home such as your roof, as well as the interior of your home. In most cases, home insurance policies also cover any damage to detached structures such as a garage or shed. All of your personal items inside the home are also protected. This can help alleviate stress if you are a victim of theft or have some of your possessions vandalized. You can add extra coverage to your policy if you have luxury possessions at your home. This ensures that those items are fully covered if they suffer damage.

Liability coverage protects you if a guest suffers damage while visiting your home. You’re also covered if you accidentally injure your neighbor’s property. Perhaps you are cutting down a tree in your yard and some branches damage your neighbor’s property. Liability coverage will protect you. Home insurance also covers your property against potential damages due to a fire or natural disaster. If you add temporary living coverage, you’ll be protected if you are required to stay at a hotel for a few weeks until the damage to your home is repaired.

T.D. McNeil Insurance Services Will Help You Protect Your Assets

Contact us today to learn more information about home insurance.

What Is Umbrella Insurance?

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If you have both home and auto insurance policies, there are many different types of coverage included in each of these policies. One of those is coverage for liability. However, you may not have much liability coverage in these policies, and umbrella insurance can change that. If you want to find out more about umbrella insurance, give us a call today at T.D. McNeil Insurance Services in Folsom, CA.

Home and Auto Insurance

If you already have home and auto insurance, you are able to get an umbrella policy that boosts the coverage of both of them. With one umbrella policy, it adds liability coverage onto both your home and auto policies so that you are far better covered. The maximum payout of home and auto insurance for liability is often relatively low. This can leave you without enough coverage if there were to be a serious accident. Umbrella insurance, however, has a much higher payout maximum than most home and auto policies to give you extra protection.

How Umbrella Policies Work

First, there is an accident. It may happen in your vehicle, or it may happen in your home. When a third party is injured in that accident, you will be liable for the medical bills if the accident is judged to be your fault. First, either your home policy or your auto policy comes in to pay medical bills that become due. The problem is that it will only pay up to its max payout amount. When this number is relatively low, this will leave a lot of overages that will be yours to pay. When you have an umbrella policy, that policy comes in after the first has maxed out and pays what is left over. 

Get Your Umbrella Insurance

If you need umbrella insurance to be better covered, contact us now at T.D. McNeil Insurance Services in Folsom, CA.

What You Need To Know About RV Insurance

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Owning an RV provides you with the ultimate opportunity to travel and have freedom for your living arrangements. To make the most of your RV ownership, you need to have the proper insurance in place. T.D. McNeil Insurance Services can help you make the best insurance choices in Folsom, CA. 

Is Auto Insurance Enough for My RV?

Many people think that auto insurance is enough to cover their RV needs. Although in most states, you can operate an RV on the road, these types of insurance policies do not provide the right kind of coverage for people who are traveling a good deal in their RV or for people who are living in an RV. 

What Does RV Insurance Cover?

Your RV policy can be customized to suit your particular needs, but in most cases, an RV policy will provide coverage in the following areas:

  • Property damage- If you are living in your RV or staying in your RV for long periods of time, you will want to have property damage insurance in place. This type of coverage will reimburse you for your personal belongings if your belongings are lost due to fire, collision, burglary, or natural disaster. 
  • Liability- If your RV is involved in an accident that causes damage to another vehicle, or that results in others being injured, you could be held liable for the expenses of the accident, or for any medical bills or legal fees. Liability coverage will pay for these expenses so that you do not pay out of pocket.  

If you would like to learn more about RV insurance or any of our other insurance products, please contact us at T.D. McNeil Insurance Services, serving Folsom, CA and the surrounding areas. We will be happy to answer your questions. 

Expand Your Bike Insurance for Riders

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Bike insurance is a powerful way of protecting your motorcycle and yourself from serious crashes. But what about your riders? At T.D. McNeil Insurance Services, we can help Folsom, CA area residents get the help they need to manage this concern and keep their policy as strong as possible.

Protecting Your Passengers

Upgrading your motorcycle insurance will help protect your passengers by expanding your health coverage options. Your traditional bike policy will only cover things like liability and damage. However, adding health protection will cover those people on your bike, including yourself.

For example, if you crash and your wife or husband on the bike behind you gets hurt, this policy will help pay for their medical coverage. In this way, you don’t have to pay for it out of your pocket, and they can get through their recovery more quickly and efficiently with minimal challenges.

Types of Bike Riders

The type of rider you have on your bike typically doesn’t matter much for this type of coverage. So, for example, someone riding on the seat behind you is treated the same as those in a sidecar. Sidecars are safer, though, so consider getting one to protect your riders.

A sidecar with a seat belt and other protective gear may also help decrease your insurance by providing a safer riding atmosphere for other passengers. Talk to your insurance agent to learn more about this fact and give yourself the help you need to keep your bike safe.

Take Care of Your Bike Needs

At T.D. McNeil Insurance Services, we can provide Folsom, CA residents with the help they need to keep their bikes strong and avoid serious crash-related issues. So please don’t hesitate to contact us today to learn more about how we can help you and provide you with excellent insurance.

Boat Insurance: The Difference Between Replacement Cost and Actual Cash Value

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When you own a boat in Folsom, CA, you want to ensure it’s appropriately insured. There are two main types of boat insurance policies: replacement cost and actual cash value. It is imperative that you understand the difference between the two, as the policy you choose will determine how you are compensated following a covered loss. Many people aren’t familiar with the difference between these two policies, which is why T.D. McNeil Insurance Services is taking the time to explain below.

Replacement Cost Policies

A replacement cost boat insurance policy is not going to take depreciation into account. This type of policy will simply determine the value to repair/replace your boat after damage without adjusting for depreciation. In other words, you will be reimbursed for the amount it takes to cover the damage to your vessel, regardless of whether your boat was worth less at the time of the incident.

Actual Cash Value Policies

An actual cash value boat insurance policy is going to take into account depreciation. This type of policy will determine the value to repair/replace your boat and then reduce that determined amount by the depreciated value as determined by the vessel’s age. Therefore, in the event of a total loss, you will only receive what your boat was worth at the time of the incident and nothing more.

Limits and Deductibles

Regardless of the type of policy you have, you are likely to be subject to a deductible. In addition, there are still policy limits that cannot be exceeded.

If you need help understanding your current policy or are in the market for boat insurance, reach out to our team at T.D. McNeil Insurance Services. Serving the Folsom, CA area, we are happy to help you understand both types of boat insurance coverage and help you determine which one is best suited for your situation.

Benefits of Investing in Umbrella Insurance Coverage

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Umbrella insurance is an additional form of liability insurance that can be added to your existing policy. This type of insurance offers additional protection on top of your current auto or home insurance, further protecting you and your assets. If you are found at fault for an accident in Folsom, CA, you want to be confident that you are fully protected, and umbrella insurance can help with that. Here are a few benefits of investing in umbrella insurance coverage from T.D. McNeil Insurance Services.

Protects Your Savings

In the event that you are held responsible for any kind of serious accident, your personal liability could be considerable. This could put your financial resources and personal assets in jeopardy. Your standard insurance policy may not be enough to cover the losses, causing you to have to pay out of your own pocket. This could potentially drain your savings. An umbrella insurance policy essentially acts as a gap between the amount your regular insurance policy pays and what you must pay out of pocket.

Offers Legal Counsel

If another individual decides to sue you after being injured in an accident or for any other reason, umbrella insurance will generally cover the costs of providing you with legal counsel. Regardless of whether you win or lose the lawsuit, the legal expenses tend to still be covered with this type of insurance coverage.   

Protects Against Excluded Accidents

There are some accidents that are excluded from your home and auto insurance policies, which leaves you vulnerable to liability lawsuits in the event of an accident. An umbrella insurance policy can offer a wider range of protection since it offers protection for many situations that are not included in other standard insurance policies.

If you are interested in learning more about umbrella insurance, reach out to us today. Serving the residents of Folsom, CA, T.D. McNeil Insurance Services, we would be happy to sit down with you and discuss how umbrella insurance can help increase your level of protection.

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