Home to beautiful Lake Champlain and the Green Mountains, Vermont offers residents and tourists scenic views and many recreational opportunities. While the cost of living in this state is high, the unemployment rate is very low and many people find this New England state an ideal place to live. You may have many different insurance needs, from homeowners to auto and business insurance. Wouldn’t it be great to have all of your insurance needs handled in one place?
Fortunately, you can. Independent agents in the Trusted Choice® network can help you find affordable policies to meet all of your insurance coverage needs. These agents work with several different insurance companies and can find you suitable policies at competitive rates. Vermont has 107 Trusted Choice member agents to meet the needs of its 626,000 residents, and ranks #4 in the nation for its high agent-to-population ratio. Find a local member agent now to get started in your search for the right Vermont insurance policies.
It Helps to Work with an Independent Agent
When you turn to an insurance agent for assistance for your Vermont insurance coverage needs, you can choose to work with either a captive agent or an independent agent. The differences are significant.
- Captive agents: These agents work for a specific insurance company. They will provide rates for policies provided by this company only. You may need to comparison shop on your own if you want to be sure that you are getting a suitable policy at a reasonable rate. These agents are very limited in their ability to customize policies to meet your specific coverage needs.
- Independent agents: These agents do not work for a specific insurance provider; instead, they work for you. They work with several different insurance providers to shop for low rates and appropriate policies. They are best able to customize insurance packages to meet your individual needs, and provide a better customer-service experience. When you work with an independent agent, you can have all your insurance policies conveniently managed through one office and one agent.
All agents in the Trusted Choice network are independent insurance agents. Contact an agent near you today to receive a variety of Vermont insurance quotes.
Find the Right Vermont Car Insurance Policy
Whether you use your vehicle for business or pleasure, you are required by Vermont state law to carry liability insurance coverage on it. Vermont’s minimum coverage mandates are currently 25/50/10, which means you must carry a minimum of:
- $25,000 in bodily injury liability coverage for each individual involved in an accident you cause
- $50,000 in bodily injury liability for all individuals injured in an accident you cause
- $10,000 in property damage liability coverage for damage to other people's vehicles or other property in an accident you cause
Vermont does allow some drivers to avoid these liability coverage requirements if they file a $115,000 surety bond with the Commissioner of Motor Vehicles. The surety bond will provide coverage in the event of an accident.
Vermont also requires drivers to carry uninsured/underinsured motorists coverage. This protects you if you sustain injuries or property damage caused by a third party without sufficient insurance coverage to handle your medical and/or repair costs. This also provides coverage for injuries and damages caused by hit-and-run drivers.
Beyond the state requirements, Vermont’s vehicle owners can purchase other coverage options, including:
- Collision coverage: This provides compensation for damages to your vehicle from a collision, regardless of fault.
- Medical payments coverage: This provides coverage for medical care if you or your passengers are injured in a motor vehicle accident, regardless of fault.
- Comprehensive coverage: This provides compensation when your car is damaged by "other than collision" events. Covered events include severe weather, falling objects, floods, vandalism and theft.
Whether you are insuring a family of drivers, or you're operating a company that uses commercial cars, trucks, or vans, an agent in the Trusted Choice network can help you find an affordable car or truck insurance policy to meet your coverage needs. Contact a member agent now to learn more.
Adequately Cover Your Vermont Home
The cost of living in Vermont is high, and so are the prices of homes. If you own a house, condo or mobile home in this state, you may be wondering how to best protect your investment. A homeowners policy can protect you from large financial losses if your house is burglarized or if it is damaged by fire, extreme cold or heavy winds.
There are three main coverage types that make up a typical Vermont homeowners insurance policy:
- Structural coverage: This provides coverage against damages to the structure of your home. Structural coverage frequently includes protection for property surrounding the home as well. This includes fences, detached garages, storage sheds and other outlying structures. If your roof is damaged by hail, your windows are destroyed by heavy winds or your home is destroyed by fire, your structure coverage will provide the funds you need to rebuild.
- Contents coverage: This provides coverage for the personal belongings you keep inside your home, including everything from carpeting and draperies to clothes and furniture. Some more valuable items such as jewelry, original artwork and family heirlooms may require special riders, or endorsements, as typically homeowners, mobile home, and condo insurance policies have limits for high value items. An agent in the Trusted Choice network can help you ensure that your belongings are properly covered.
- Liability coverage: This provides coverage if a guest is injured or suffers property damage at your home. Homeowners liability insurance can also protect you if you are sued for libel or slander, of if your children or pets cause injuries or property damage to others. Liability insurance coverage includes compensation for any related court costs and legal fees.
Most homeowners insurance policies have exclusions for damages caused by floods and earthquakes. An agent in the Trusted Choice network will ensure that you are aware of any exclusions on your policy, and can find you policies that will protect you from these damaging events. Contact a member agent in Vermont today for more information.
Are You a Business Owner in Vermont?
As of 2008, there were 79,079 small businesses in Vermont. Many of these were sole-proprietorships with no employees. If you are one of Vermont’s many entrepreneurs, you may be considering Vermont business insurance coverage to protect your company from losses. A Trusted Choice member agent can help.
Business insurance policies provide coverage for your business materials and equipment, as well as liability coverage. If your business is based in your home, you may need to have a separate rider to your homeowners insurance policy to make sure your operations can keep going when your home office is damaged by fires or severe weather.
Vermont business insurance policy rates depend on several factors, among them:
- The type of business you own and the risks you face
- The location of your business
- The number of employees you have
- Whether or not you own the building in which the business is housed
- Whether or not your business relies on company-owned vehicles
Agents in the Trusted Choice network write more business insurance policies than any other brand, so you can feel comfortable turning to them for assistance with insurance for your company. Contact a local member agent today to start comparing rates on a variety of Vermont business insurance policies.
Protect Your Loved Ones with Vermont Life Insurance
The overall life expectancy in Vermont is 80.5 years, making Vermont 7th in the nation in terms of life expectancy. Have you considered how your family will fare financially after you pass away? A Vermont life insurance policy can make it possible to keep your loved ones supported when you're no longer there to provide income.
There are two basic types of life insurance policies:
- Term life: The least expensive of the options, these policies have no cash value and expire at the end of the term.
- Permanent life: These include whole life and universal life policies. While the rates are higher, the policies do not expire and they build a cash value you can use or borrow against.
The type of Vermont life insurance you choose is ultimately your own decision. An agent in the Trusted Choice network can help you determine which type is most beneficial for your situation and can help you secure an affordable policy. Contact a local member agent today to learn more about Vermont life insurance.
Find Affordable Vermont Health Insurance
With the passing of the Affordable Healthcare Act, Americans who do not receive health insurance benefits through employers will need to purchase policies on the private market. There are tax incentives to do so.
Until now, older residents and those with pre-existing conditions were frequently turned down for health insurance on the private market. Now, these difficult-to-insure consumers can purchase affordable insurance through a healthcare exchange.
If you are shopping for a healthcare policy for yourself and your family, you may have a lot of questions. Agents in the Trusted Choice network have answers. These agents can help you find an affordable Vermont healthcare insurance policy that provides the coverage you need. These agents can also explain many options that are available to you, including:
- The difference between an HMO and a PPO
- The benefits of setting up a health savings account, or HSA
- Understanding different tiers of coverage and the pros and cons of each
Contact a member agent near you to learn more about Vermont health insurance. With a little guidance, you and your family can start enjoying the benefits of preventive healthcare today.
Do You Hit the Vermont Trails on an ATV?
Vermont has many scenic trails for off-roading adventures. You may be wondering what kinds of insurance can best protect your ATV. A Vermont ATV insurance policy might be a good solution for you.
ATVs, including quads, side-by-sides, 3-wheelers and UTVs, provide adventure and entertainment, but riding is not without its risks. ATV operators in Vermont are required to carry liability insurance coverage. An agent in the Trusted Choice network can help you find an affordable policy quickly so you can hit the trail as soon as possible.
In addition to the mandatory liability coverage, you have the option to purchase other insurance, including:
- Collision insurance: This will cover the cost of repairs if your ATV is damaged in a collision
- Comprehensive insurance: This will compensate you for loss or damage if your ATV is stolen or damaged from extreme weather, flooding, falling objects, fire or vandalism.
- Personal injury insurance: This will cover medical costs if you or your passengers are injured in a collision.
- Trailer insurance: This can protect your ATV and the trailer used when hauling it to and from the trails.
Speak with an agent in the Trusted Choice network today to learn more and to start comparing Vermont ATV insurance quotes.
Get Customized Solutions for Your Vermont Insurance Needs
Regardless how complex your insurance coverage requirements may be, an independent agent in the Trusted Choice network can help you find the right insurance to meet them. These agents can work with a variety of insurance companies and can find you the right policies for all of your personal or commercial coverage needs.
Trusted Choice member agents are committed to providing you with the best possible customer service. They can answer your questions, provide ethical advice and can help you understand your options before you make a purchase. Contact a local member agent today for the best in Vermont insurance options.