Do You Need Insurance if You Rent Out Your Condo?

Your condo in Salt Lake City, UT is your investment, and you have to keep the inside protected. However, if you’re renting your place to someone else, you might wonder if you need insurance, especially if your tenant has insurance. Mountain West Insurance Inc. has the answer. 

Know if You Can Rent Your Condo

You can rent most condos, but your homeowner’s association might have rules, so make sure you inquire before renting out your condo. Keep in mind, you might need board approval, and you may have a cap on the amount you can make on your condo. It’s possible you’ll have to adhere to certain rules. 

Why You Want Your Own Insurance

The homeowner’s association may require you to have an insurance policy. You also want to have one in case your tenant drops their insurance, and because your tenant’s policy isn’t going to protect your assets since it’s a renter’s policy. You must update your coverage though to include landlord liability. You’re able to keep your same coverage, though. 

Keep in mind, if something should happen to your tenant in your condo, he or she has the right to sue you. However, if you have insurance on your condo, it protects you and your assets from a lawsuit. 

If you have personal furnishings in your unit while you’re renting it out, you want to insure them in the event of an emergency or if your tenant should happen to ruin one of them. An agent can educate you on the best course of action for acquiring insurance for a condo you’re renting out. 

To learn more about insuring your rental unit or to acquire a quote, contact Mountain West Insurance Inc., serving Salt Lake City, UT and the surrounding areas, by calling 801-676-9769. 

Healthy Habits for You to Embrace

Being in excellent health through healthy habits is a goal many of us have. And that’s great, as many benefits come from being healthier, including having more energy and being able to stay active. Another plus is that healthy habits decrease the need for health care like doctor visits, prescriptions, and hospitalizations.

Here are some habits to embrace, courtesy of Mountain West Insurance Inc. serving the Salt Lake City and South Jordan, UT area.

High-Nutrient Diet

Fill your plate with nutritious food at each meal. That includes quality protein, healthy fats, and lots of fruits and vegetables. Raw nuts and seeds are also beneficial. Preferably eat organic food in its whole, fresh state.

Hydration

Water is essential for life, and humans need to stay hydrated by drinking enough pure water. To figure out how much water you should drink daily, divide your weight by two. That is the number of ounces of water you should drink per day. 

Exercise

To stay healthy, you need to move rather than being sedentary and sitting too much. Incorporate lots of healthy movement and exercise, such as brisk walks, stretching, pilates, and sports. Check with your doctor before beginning an exercise program.

Adequate Sleep

When you don’t sleep enough, your health suffers. Adults need an average of 8 hours of sleep per night, so aim for that. Go to bed at the same time and get up at the same time each day, and keep your bedroom dark and quiet to get quality sleep.

Stress Management

Stress can wreak havoc on your health. Although you can’t eliminate all stress, you can manage it through techniques like deep breathing, hobbies, and laughter.

Include these healthy habits each day, and see how your health flourishes. To get more information about health insurance, please contact Mountain West Insurance Inc. serving the Salt Lake City and South Jordan, UT area. Our agents can help you pick the policy that works for your situation.

Is Life Insurance Always Necessary?

If you live in the Salt Lake City or South Jordan, UT area and have questions concerning different types of life insurance, you need to talk to a reputable agent. The agents of Mountain West Insurance Inc. can answer many of the questions you may have. We can go into detail about the benefits of each type of policy and what type of policy would suit your individual needs. Every person is different, so no two circumstances will call for the exact same type of policy.

What Are the Benefits of Having Life Insurance?

The main benefits of a life insurance policy are to cover your final expenses and support your family if you are no longer around to care for their needs. Many young parents take out life insurance policies to ensure that their children will be able to live the same lifestyle if something should happen to them. The amount of the policy they choose will depend on their annual income and what their expenses are.

Term or Whole/Permanent?

Term life offers more options than a whole life or permanent policy. You can choose the length of your term policy as well as many other aspects of your coverage, while a whole policy is meant to remain in place until you pass and the policy is to be cashed in.

The agents of Mountain West Insurance Inc. serve the entire Salt Lake City and South Jordan, UT area, as well as many of the surrounding communities. The details of most types of life insurance policies can be quite confusing. If you have questions about the type of policy you need or the amount of coverage, call and schedule a consultation today!

Springing into Action at Your Home

Spring is here. With warmer and longer days ahead, a little work around the house now will give us additional time to enjoy the beauty in and around South Jordan, UT, and the Wasatch Range. Here are some things to do now that will make our lives more enjoyable later:

Inside the Home

  • Test carbon monoxide and smoke detectors, replacing batteries when necessary
  • Inspect drip pans on climate control units to make sure standing water does not accumulate
  • Take a look under sinks and in other areas with plumbing for evidence of mold or mildew
  • Assure that the exhaust duct from the dryer is free of lint and check water hoses to the washing machine
  • Open windows and check caulking around them for cracking

Around the Yard and Exterior

  • Inspect gutters to make sure they are clear of leaves or other debris
  • Check for any areas where moisture from winter snow accumulations may have affected exterior walls
  • Look at the roof to notice if any shingles or tiles need repair or replacement
  • Open the shed or other outside storage areas to give them fresh air and check for excessive dampness
  • Check locks on fences, sheds, pool gates and other areas

A Little Paperwork, Too

  • Take photographs or videos of the layout of your home and valuables, keeping these images secured in a safe, fireproof location (preferably offsite)
  • Make note of any changes during the last year that may affect your home’s value as you review financial documents and prepare your taxes
  • Contact your agent at Mountain West Insurance Inc. if you need to adjust coverage for your home or the possessions within

Mountain West Insurance Inc. offers homeowners and other insurance policies to those living in the South Jordan, UT area. Our agents can assist you in developing an affordable policy that meets your family’s needs and provides the protection you expect for your home and valuables. Contact us today.

Choosing the Right Commercial Insurance Provider

Selecting a commercial insurance provider is an integral part of keeping a business safe and secure. For those who own a business in South Jordan, UT, it is vital that the right provider is selected. That is where Mountain West Insurance Inc. comes in. By working with a company that can provide quotes from multiple insurers, a business owner can see what they can get to cover them correctly. Choosing an insurance company is not always easy, especially when a number of quotes come from all different places. Shortening the time and effort it takes to find these quotes, and keeping them all in one place, makes things much easier and less stressful in a lot of cases.

Commercial insurance is not needed for every business, but it is needed for most companies. That is especially true for those companies that have customers coming into their building. The liability and risk these companies take are real, and if a customer or employee is injured at their location, they want to be sure they are adequately insured. Overall, a focus on protection is what commercial insurance policies are about. But these policies need to provide the right kind of coverage, so a company that has one is not getting more coverage than they need. That coverage can be wasted and unnecessary, so it is best avoided.

But when a business works with a provider like Mountain West Insurance Inc., that business is able to get the commercial insurance it needs for the right level of protection. Contact our agency in South Jordan, UT today and get information on the right insurance to meet your specific needs. We can work with you to make sure your business is fully insured against all odds.

Are Firearms Included In the Home Insurance?

Americans own an estimated number of 270 million guns. The U.S is the leading country worldwide with guns per capita. However, if you are contemplating the idea of purchasing a firearm in South Jordan, UT, you may be curious to know the kind of insurance coverage available under the standard home insurance policy.

When looking at the type of coverage available, you need to consider both the liability and personal property perspective. The personal property perspective dictates the kind of compensation available if your firearm is stolen or destroyed while the liability perspective will cover you if someone is injured.

Limitations

Legal and security experts warn that there are coverage limitations when it comes to firearms. For example, a South Jordan UT resident with extensive firearm collection may find that coverage against theft alone is not sufficient. Even the part of liability may not be adequate if it is covering areas involving gun accidents only.

However, to Mountain West Insurance Inc. covering firearms is a non-issue. We don’t view your guns any different from the rest of your personal property. Mountain West Insurance Inc. offers additional coverage for firearms at no extra cost at all.

 Personal Property

Our standard home insurance policy covers any firearms that you own as personal property with a sub-limit. Our firearm sub-limit is $2,500 which applies to loss by theft. If you aren’t satisfied with the sub-limit coverage, we still provide specific coverage which we offer separately or as an addition to your existing home insurance policy. We also offer stand-alone firearm policies that provide particular coverage tailored to meet your needs and protect your firearms.

Are you a licensed firearms owner? Are you looking for a comprehensive policy for your firearms? Talk to us today for further assistance.