Automobile Insurance
If you drive a sedan, hybrid, minivan, station wagon, SUV, pickup truck or anything in between, Joseph H Tyson & Company can offer personal advice on auto insurance coverage that’s right for you. If trouble comes along, we’ll make sure you’re taken care of every step of the way. Tort option and many options available can make car insurance complex. We have the knowledge and experience to quote it the right way with many quality insurance companies like Travelers, Progressive, Safeco – Liberty Mutual, Westfield, GE Auto Insurance and more.
Homeowners Insurance
We know how important your home is. A homeowners policy protects your home and other structures on your property against a variety of losses. It also covers your personal possessions and helps protect you from personal liability claims. We can offer custom coverage with multiple companies. Philadelphia Contributionship, Chubb, Travelers, Safeco – Liberty Mutual, Cumberland Mutual, Westfield Westpac are just a few of the companies we work with.
Renters Insurance
Your landlord likely has insurance to protect the building you live in, but that doesn’t protect you and your belongings. Renters insurance protects the possessions that matter to you, at home and away, and also provides limited personal liability coverage.
Condo Policy
As a condo owner, your association’s insurance won’t cover the interior of your unit, your personal possessions, or personal liability. We’ll provide the affordable coverage you need to be better covered.
Fire Policy/ Dwelling Policy
Being a landlord renting out your investment property is stressful enough. With the correct dwelling policy, you’ll have one less thing to worry about. Rental property insurance protects your property from damages and you from losing income should covered damages make your property unlivable. Foremost, Philadelphia Contributionship, Safeco, Travelers, Loyds of London, Scottsdale(Nationwide) and Lexington(AIG) offer specialty insurance products for these risks.
Umbrella Policy
An umbrella policy provides an extra layer of liability protection above your home and auto insurance coverage. Umbrellas kick in after the liability insurance in your homeowner and auto policy is exhausted.
Why Should You Carry Umbrella Coverage?
Liability insurance pays for expenses related to legal fees, medical expenses and lost wages as the result of negligence. Typically, a personal liability umbrella policy is inexpensive compared to the amount of protection it provides. For as little as $150 per year, you can get $1 million additional coverage under an umbrella policy.
Be aware, there are some restrictions on what an umbrella policy may cover such as claims related to a business and intentional acts. Minimum amounts of coverage should be met on home and auto policies before an umbrella policy is issued, but the extra coverage is important if you have assets you need to protect.
Example of How Extra Coverage Can Protect Your Assets
Let’s say your neighbor falls and injures himself at your home or in your yard. You’re liable, simply because the accident occurred on your property. If your neighbor requires surgery and misses months of work, the liability coverage under your homeowner policy could be inadequate (most homeowner policies typically provide a liability coverage limit of anywhere from $100,000 to $500,000). If you have to respond to a lawsuit, and the liability coverage under your homeowners policy isn’t adequate, your assets could be at risk.
