Bonds in Derby, VT

Bonds can make up a core pillar of your business’s ongoing financial security. These loss control tools are typically sold by insurance companies and can establish a way to compensate other parties if they experience financial losses for which you are at fault. However, while bonds are important, they can also be misunderstood. This makes it necessary to work with qualified professionals, such as those at the Taylor-Moore Agency, to ensure you understand your options and needs.

What Are Commercial Bonds?

Also known as commercial surety bonds and business bonds, these products can serve as recourse for clients or the general public should your company be found to have violated industry regulations or the terms of contracts. Commercial bonds are often required by states and local jurisdictions before your business will be permitted to conduct operations.

What Is the Difference Between Surety and Fidelity Bonds?

There are many different types of bonds, each tailored to specific situations or coverage needs. Two of the most common forms that your business may wish to consider are surety and fidelity bonds. Consider the following information to determine which may suit your business:

• Surety bonds establish an agreement among the following three parties:
  • The principal, such as a business or contractor, purchases bonds.
  • The obligee, such as a client or developer, determines if bonds are needed.
  • The surety, such as an insurance company, underwrites and maintains the bonds.

If the principal fails to complete their obligations, the surety bonds they’ve purchased can help reimburse the obligee for their losses while avoiding the need for lawsuits.

• Fidelity bonds, also known as honesty bonds, are often needed if your business has access to other parties’ property and assets, such as if you dispatch staff to their location. These products can help compensate clients and others should your employees commit dishonest, criminal or fraudulent acts, such as the following:
  • Theft
  • Burglary
  • Forgery
  • Property damage
  • Illicit transfers of funds

Learn More

Since 1962, the Taylor-Moore Agency has helped insure businesses and families in the Derby, VT, area. Contact us today to learn more about bonds.

Toy Vehicle Insurance

Recreational toy vehicles, such as all-terrain vehicles (ATVs), jet skis and snowmobiles can be exciting to use. Like any motorized vehicle, toy vehicles are vulnerable to various unforeseen accidents. Having the right toy vehicle insurance policy can protect you from high accident-related costs. Selecting the right coverage can be difficult, which is why our agency is determined to help you learn more about your potential coverage options.

What Toy Vehicle Insurance Covers

Coverages tend to vary among policyholders, but standard toy vehicle insurance policies might include options such as:

• Liability coverage helps cover expenses if you or someone listed in your insurance policy are at fault in an accident that causes property damage or bodily injury.
• Uninsured/underinsured motorist protection helps cover repair expenses if a driver with little or no insurance damages your toy vehicle.
• Custom parts/equipment coverage helps protect against damages to custom enhancements made to your toy vehicle.
• Medical payments coverage helps cover medical bills if you or your passengers are injured in an accident.

Contact our agency to learn more about potential coverage options included in your toy vehicle insurance policy.

How to Get Toy Vehicle Insurance

Taylor-Moore Agency can help you navigate toy vehicle insurance policies so you can decide on the proper coverage. Contact one of our agents today to learn more or request a quote.

Pet Insurance

If you own a pet, getting pet insurance is worth considering. Like humans, pets are vulnerable to various illnesses, injuries and medical expenses, and having pet insurance can financially protect you from these unexpected incidents. Choosing the right insurance policy can be complex. Our agency can help you learn more about potential insurance coverage to help you select the right policy for you and your pets.

What Pet Insurance Covers

Insurance policies vary among pet owners. However, standard coverage tends to include:

• Lab work
• Prescriptions
• X-rays
• Surgeries, including spay/neuter
• Hospitalization
• Dental work

It’s essential to note that pet insurance is voluntary coverage, meaning you decide whether you want to pay for a policy. Pet insurance typically does not cover standard check-ups or routine visits to the vet. To learn more about your coverage options, be sure to contact our agency.

How to Get Pet Insurance

Taylor-Moore Agency can help you navigate potential pet insurance policies so you can decide on the proper coverage. Contact us today to learn more or request a quote.

Special Event Insurance

Special events take money, time and energy. If everything goes according to plan, an event is successful. However, unexpected incidents can happen, including no-show vendors, extreme weather and special guests who must cancel. Unforeseen circumstances can mean event postponements and cancellations, not to mention financial damage.

What Is Special Event Coverage?

Regrettably, insurance is often overlooked during planning. Special event insurance is a unique coverage that can provide financial protection and peace of mind if an event must be canceled or postponed. Event planners can gain great comfort knowing they are financially safeguarded with special event insurance if their plans change.

Whether planning a community festival, trade show, wedding celebration or other special event, special event coverage can offer several levels of protection, including:

• Event cancellation or postponement—If you need to postpone or cancel your event, this coverage may help reimburse you for any nonrefundable deposits and other fees up to your policy’s coverage limit. It may also help cover the cost of refunding guests’ ticket sales.
• Event liability—Special event insurance can help cover numerous liability risks that may occur during a special event, such as property damage or bodily injuries to guests for which you’re found responsible.
• Additional or special coverages—Many special event insurance policies may provide coverage for additional items. For example, a policy may include wedding insurance or coverage against damage or theft for a dress or tuxedo, gifts, photographs or other special items.

It’s important to note that some venues may require a business to carry special event insurance. We can help you with the coverage you may need for your next special event to ensure you’re adequately protected.

What Does Special Event Insurance Cost?

The cost of your special event insurance policy may be affected by various factors, including the level of risk, duration of your event, the amount of coverage needed, the event’s alcohol policy and what activities will take place at your event. Work with your agent to get a policy quote today.

Get Your Coverage

It is best to purchase your special event insurance when you begin making deposits or purchases for your event. There can be restrictions on when you can buy coverage, so be sure to talk with us about timing.

We can help you with your special event insurance and give you peace of mind knowing you are protected if something unfortunate happens or if your event plans change.

Watercraft & Boat Insurance

Having the right boat insurance policy for your watercraft can be an excellent way to protect yourself from costs related to property damage and medical expenses if an injury occurs. Our agency can assist you in learning more about your coverage options so you can be financially protected.

What Does Boat Insurance Cover?

Boat insurance policies generally depend on the type of coverage you select. Regardless, common boat insurance coverages include:

• Liability coverage helps cover expenses if your boat causes damage to another person’s property.
• Medical payments coverage helps cover medical expenses if you or a passenger gets injured on your boat.
• Boat insurance property coverage helps protect your boat from various risks and potential incidents by covering costs related to incidents such as theft or vandalism.
• Uninsured watercraft coverage helps cover expenses if an uninsured boater collides with you and causes injury to you or your passengers.

Other coverage options may be available. Our agency can help you learn about potential coverages to include in your boat insurance policy.

How to Get Boat Insurance

Taylor-Moore Agency is ready to help you learn more about boat insurance. Contact us today to request a quote or to learn more.

Condominium Insurance

Condominium insurance, also known as HO-6, is essential for all condo owners. A standard HO-6 policy covers what a condo association’s master policy won’t, including financial protection from damaged or lost personal belongings and injuries that occur inside your condo. Our agency can help you evaluate your coverage options to determine the right policy for you and your condo. Contact us today to learn more.

Condo Insurance Coverages

Coverages vary among condo owners, but a general HO-6 policy might include:

• Dwelling coverage, which helps cover any damage that occurs to the interior of your condo, including expenses related to weather damage such as hurricanes and fires
• Personal property coverage, which generally assists in covering expenses related to damaged or lost personal belongings, including clothing and furniture, that you keep inside your condo
• Personal liability coverage, which can assist in covering medical bills or legal expenses if someone gets injured inside your condo
• Additional living expenses, which covers living expenses, such as a hotel room, if damage occurs to your condo and you cannot live there while it’s being repaired or rebuilt

Although these coverages are common in most HO-6 policies, there might be additional options. You may also need to secure additional lines of coverage, such as flood insurance or personal umbrella insurance. Reach out to our agency today to learn more about coverages to include in your policy.

How to Get Condo Insurance

Taylor-Moore Agency can assist you in learning more about HO-6 policy options. For more information, contact us today to request a quote.

Recreational Vehicle Insurance

If you have any type of recreational vehicle, including a motorcycle, RV, boat, or off-road vehicle (e.g., all-terrain vehicle (ATC) or snowmobile), you’ll need to secure additional insurance to properly protect your investment. Determining what and how much coverage you need can be tricky, but that’s why we’re here to help. Contact us today to get started.

What Is Recreational Vehicle Insurance?

Recreational vehicle insurance is a general term that refers to a variety of policies used to insure vehicles such as boats, motorcycles, RVs, ATVs and travel trailers. Each policy provides unique coverage. Talk to your agent today to discuss specific coverage you may need for your recreational vehicle.

What Does Recreational Vehicle Insurance Cover?

Recreational vehicle insurance helps provide a layer of protection against liability and property damages. Recreational vehicle insurance varies based on the type of vehicle you have. Talk to your agent to learn more about targeted coverage for:

• Boat and watercraft
• Off-road vehicles (e.g., ATVs, golf carts, and snowmobiles)
• Campers
• Coaches
• Motor homes
• Travel trailers

Is Recreational Vehicle Insurance Required?

Depending on the type of recreational vehicle you own and where you live, you may be legally required to obtain insurance for your vehicle. For example, most RV and motorcycle owners must secure at least the minimum auto insurance required of all drivers in their state of residence.

How to Get Recreational Vehicle Insurance

If you’re in need of a recreational vehicle insurance policy, we’re here to help. Contact Taylor-Moore Agency today to learn more or receive a free quote.

Renters Insurance

Renters insurance can provide you with needed financial protection against adverse circumstances, whether it’s covering your personal belongings in case of damage or ensuring you’re protected if someone is injured in your residence. If you need renters insurance, we’re here to help. Contact us today to learn more about your renters insurance options or to get a quote.

What Is Renters Insurance?

Renters insurance provides protection against property loss and liability if you cause injury or property damage. To learn more about what that means, we’ve covered some basics about each.

• Property protection—Renters insurance covers your possessions against damage for things such as fire, smoke, lightning, vandalism, theft and water damage—but not flooding—to name a few. It also extends beyond on-premise theft and hazards, covering property that is stolen from your car or lost or damaged anywhere you happen to be. Talk to your agent today to learn more additional property protection options, such as flood and earthquake insurance and scheduled items riders.
• Liability protection— The liability portion of a renters insurance policy helps protect against claims of third-party bodily injury or property damage caused by you or another person listed as insured on your policy. It may also help pay for medical bills if someone has an injury in your rental. Liability also provides coverage for legal defense costs and judgments in a lawsuit, whether the incident occurred within your rented residence, or elsewhere.

Some renters insurance policies pay a tenant’s temporary living costs if they need to live elsewhere because of a fire, severe storm or other covered disaster. This coverage may include hotel bills, temporary rentals, restaurant meals and other living expenses. Talk with your insurer about whether your renters insurance has this inclusion.

How to Get Renters Insurance

Whether you call a rented house, condo or apartment your home, you can benefit from renters insurance. Call us today to learn more about renters insurance or to get a no-obligation quote.

Motorcycle Insurance

If you own or drive a motorcycle, purchasing motorcycle insurance may be required, depending on where you live. Additionally, having the right motorcycle insurance policy can help protect you financially if you’re involved in an accident or your bike is stolen or damaged. Contact us today to learn more about motorcycle insurance or get a quote.

What Is Covered Under Motorcycle Insurance?

The coverage provided by your motorcycle insurance may vary based on what’s included in your specific policy. Some aspects that may be covered under a policy can include:

• Liability protections (e.g., bodily injury and property damage liability) for injuries or damages you may cause to someone else while riding your motorcycle
• Additional protections to you if you’re injured or your motorcycle is damaged in an accident with an uninsured or underinsured motorist
• Property damage to your motorcycle caused by a collision with another object
• Property damage to your motorcycle caused by vandalism, fire, theft or other covered losses
• Roadside assistance
• Towing
• Trip interruption expenses
• Additional or specialized equipment

Contact our agency today to learn more about the protections that may be available to you.

Why Do You Need Motorcycle Insurance?

Depending on where you live, motorcycle insurance may be required by state law. What’s more, if you’ve financed your motorcycle, your lender may require you to carry minimum coverage amounts. Beyond these requirements, having adequate motorcycle insurance can help protect you financially if you’re in an accident or your bike is damaged or stolen. Without insurance, you may have to pay for all incurred expenses out-of-pocket.

How To Get Motorcycle Insurance

If you need a motorcycle insurance policy, we’re here to help. Call Taylor-Moore Agency to discuss your motorcycle insurance needs and get a quote for a policy that’s right for you.

Home Insurance in Derby, VT

Home insurance is an essential investment for most homeowners as they seek to establish and maintain financial security and stability for themselves and their families. These policies are among the most frequently purchased in the United States and may make all the difference following various accidents, criminal acts or natural disasters. However, while home insurance may be common, it can also be complex, making it necessary to invest appropriate time to ensure full understanding of coverage options and capabilities.

What Home Insurance Covers

Also known as homeowners insurance, this coverage can often be tailored by a home insurance agency to suit a person or family’s unique circumstances, including their needs, budget and risk tolerance. In most cases, it may be advisable to prioritize the following components:

• Dwelling coverage can help pay to repair a primary residence, including its roof, foundations and plumbing and electrical systems.
• Other structures coverage can financially protect additional structures on a policyholder’s property, such as detached garages, sheds and gazebos.
• Contents coverage may compensate insureds for lost, damaged or stolen belongings, such as furniture, electronics and clothing.
• Liability coverage can insulate policyholders from financial repercussions if they are at fault for other parties’ losses, such as guests’ bodily injuries or neighbors’ property damage.
• Loss-of-use coverage can offer financial assistance if a covered incident renders a residence temporarily uninhabitable, including for hotel stays or restaurant meals.

When Do You Need Home Insurance?

Home insurance is not legally required, but homeowners may be subject to requirements established by other parties. For example, mortgage lenders typically mandate coverage throughout the duration of a loan. Regardless of formal obligations, this type of insurance should be a top priority, as lacking an appropriate policy could leave residents without the means to repair or rebuild their homes, or otherwise manage difficult financial situations.

Where to Buy Home Insurance in Vermont

Having served families and individuals in Derby and throughout Vermont and New Hampshire since 1962, the dedicated team at Taylor-Moore Agency is outfitted with extensive knowledge and experience. As a local insurance agency, we understand relevant risks and perils and can help provide an in-depth homeowners insurance comparison as you seek the ideal home insurance quote. Contact us today to get started.