Archive

for April, 2015

wisconsin insurance law changes

Posted on April 9, 2015 in insurance 101 - 0 comments -

gavel gavelWisconsin Insurance Law Changes

updated June 27, 2017

There have been a couple law changes in Wisconsin this past decade which dramatically impacted insurance coverages and rates. We include a very brief summary of the two most pivotal law changes impacting Wisconsin Auto Insurance Consumers.

2015 Ride-sharing Law

The legislature signed into law requirements for companies like Uber and Lyft to be held to statewide standards.  A minimum liability limit of $1,000,000 must be retained by the company on any of their drivers.  It is important to remember this insurance only covers the driver as they are transporting a customer.  That driver’s personal liability will cover them under normal operations for personal use.  A coverage gap will exist for that driver between the time they are “on the clock” but riderless and the time they pick up a rider.  They must obtain a gap coverage endorsement which is avaialble through many companies OR a commercial policy which would be prudent.

2011 Act 14

This Assembly bill essentially rolled back many of the changes from 2009’s Act 28 but left in place mandatory insurance coverage.  The entire summary of that bill is here.

For other Wisconsin insurance law changes please visit the OCI site’s laws, rules and bulletins.

2009 Act 28

  • Wisconsin Drivers must have active Auto insurance coverage when operating a vehicle.
  • Wisconsin Drivers must carry valid proof of that active coverage
  • The minimum liability limits for insurance companies issuing policies in Wisconsin shall be $100,000 per person bodily injury, $300,000 per accident bodily injury and $100,000 property damage.
  • Minimum uninsured and underinsured liability limits for insurance companies issuing policies in Wisconsin shall be $100,000 per person bodily injury, $300,000.
  • Medical payments coverage has increased to the amount of at least $10,000

There are additional changes including the stacking provision.  The entire summary of that bill is here.

Read more

Boat insurance to keep you above water

Posted on April 9, 2015 in Products - 0 comments -

Stay afloat with Boat Insurance from the Wallrich Agency

The Wallrich Agency provides affordable boat insurance coverage options for recreational boaters in Wisconsin. Low-cost policies, available for most boat types, are available through our top national carriers like Progressive and Nationwide insurance. Find the right policy for your boating lifestyle.

Stand Alone policies for your boat

Many agents will slap your beautiful watercraft right on a homeowners policy.  There are two problems with this.  The first, if you have a boat claim it is technically classified as a “home claim” which can cause your homeowners rate to go up and lock you out of many preferred programs.  The second reason is your coverage will not be adequate for the modern boater.  Our stand-alone policies come with plenty of options for specialized coverage, such as Roadside Assistance, Towing, Total Replacement, and more.

Coverages you may not know about:

Don’t wait until you have a claim to learn about special coverages.  On-Water Towing is a popular coverage which will help you in case you’re stranded on the water.  You may also want to have Uninsured Boaters coverage because not everyone zooming past you will have insurance. You can also choose Fuel Spill Liability and Wreckage Removal coverage. Without these watercraft insurance coverages, you may end up getting stuck with the bill for cleanups and removals. Personal Effects and Fishing Equipment coverages are also available with our carriers.

No matter what propels your watercraft be it wind, inboard, outboard or jet we can cover it at the Wallrich Agency.  Contact us today.

Read more

hit the highway with motorcycle insurance

Posted on April 9, 2015 in Products - 0 comments -

Hit the Highway with Motorcycle Insurance from the Wallrich Agency

Count on the Wallrich Agency for quality motorcycle insurance coverage from top insurers like Nationwide, Dairyland and Progressive with great, low insurance rates.

Low Motorcycle Insurance Rates

The Wallrich Agency covers a wide range of motorcycles including standard bikes, cruisers, sport / high performance motorcycles, off-road vehicles and more.

The Wallrich Agency also offers motorcycle insurance packages, and the best motorcycle insurance discounts including OEM Parts and Multi-Policy discounts to your auto and home insurance policies. We also didnt forget scooters and mopeds, ATVs, UTVs & Off-road vehicles, and off-road motorcycles & dirt bikes.

Custom Parts – covered properly

Some policies require you to add coverage for your custom parts and equipment.  The bike you carefully choose and outfit needs to be protected fully – this includes all your accessories.  All the policies we sell come with two to three thousand dollars of custom parts coverage.  Many agents will fail to explain this but it can become a huge problem if you bike is stolen for instance.  Coverage over the minimum amount is very inexpensive.

Year-round coverage

We live in Wisconsin so we understand you only get half a year to enjoy your motorcycle.  Many riders will take out policies to cover their bikes during the riding season then remove the coverage in the Winter to reduce their costs.  There are two problems with this: The first, You may get excited to get that motorcycle out of the garage on the first day of Spring and not have insurance coverage in place.  What’s worse, you don’t have coverage for your bike while it is in storage.  The second problem, insurance carriers will sometimes rate you higher if you do not have continuous coverage.  Our solution is simple, we only sell policies from companies that understand our climate.  They have tweaked their rates to account for those months you do not ride.  Some build it into the rates and some give you a seasonal discount.  The best part about having a flexible annual policy is when the sun comes out you can hit the road worry-free.

 

With hassle-free service and great low rates for motorcycle insurance, you’ll have no worries about having the right insurance coverage for your motorcycle or ATV/Off-Road vehicle.  Contact us today for a quote or to get coverage started!

[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’About your Bike’ type=’textarea’ required=’1’/][/contact-form]

Read more