Posted on 8/20/2018 8:29 AM By Jason Graybeal
Earthquake Insurance Oregon - According to research, most earthquakes in Oregon are relatively small, however, they still produce damage! We all "think" the big ones will hit along the coast of Oregon, but, the last earthquake recorded deaths were in Klamath Falls and over the last few years, there have been several recorded in Eastern Oregon
Posted on 8/15/2018 11:02 AM By Jason Graybeal
There are different "options" or endorsements you may choose to add to your homeowner's policy here in Oregon. One of those options, which is discussed in this blog, is Fungus, Wet Rot, Dry Rot, and Bacteria. Normally, policies exclude coverage for the presence, growth, spread of any of these things
Posted on 8/10/2018 9:56 AM By Jason Graybeal
Over the years, the National Association of Insurance Commissioners has changed the definition to Marine Insurance with parts of it such as: Inland Marine, Ocean Marine, and Transportation. There are six categories of risk identified in the definition of Marine Insurance: Exports, Imports, Instrumentalities of Transportation and Communication, Domestic Shipments, Commercial Property Floater Risks, and Personal Property Floater Risks.
Posted on 8/7/2018 10:13 AM By Jason Graybeal
A Business Owners Policy in Oregon has many parts to it! We've discussed some of those items in our other blogs. At Ferranti-Graybeal, we have the expertise among our staff to help make purchasing insurance a seamless process! The insurance company will pay for the loss or damage to covered property caused by one (or more) of the following causes of loss in Oregon: Fire, Lightning, Windstorm and Hail - This does not include damage due to frost or cold weather, ice (other than hail), snow, or sleet, whether the wind caused it or not. Also, doesn't cover loss of or damage to awnings or canopies of fabric or slat construction, including their supports, outside of the building. Lastly, also excluded is the loss or damage to the interior of the building or personal property inside of the building; unless the wind or hail first damages the building and creates its own opening into the building....
Posted on 8/1/2018 9:35 AM By Jason Graybeal
Business Owners Policy- Oregon
The insurance company agrees to pay for direct physical loss or damage to covered property at the described premises caused by or resulting from any Covered Cause of Loss. Covered property include the insured's building(s) and business personal property as follows:
Buildings/Structures at the described premises, including:
Fixtures, including outdoor fixtures
Permanently installed machinery and equipment
Posted on 7/30/2018 9:05 AM By Jason Graybeal
This act was put in place by Congress in 1970 to protect consumers rights. It applies to any financial institution that is requesting information on a consumer through credit reporting or other consumer reports. The entire Act contains a lot of information and is very extensive, but, the following pertains to insurance companies and the rules and regulations they must follow to protect consumers.
Posted on 7/23/2018 12:14 PM By Jason Graybeal
There are only a two ways legally that an auto body repair shop can use aftermarket parts when fixing your vehicle after an accident. The two ways/conditions aftermarket parts are acceptable are: With consent of the owner or if the part has been certified by an independent test facility to be at least the same quality as the original equipment with regard to function, finish, and corrosion resistance.
Posted on 7/12/2018 8:25 AM By Jason Graybeal
What is considered an uninsured vehicle in Oregon?
An uninsured vehicle in Oregon is a vehicle that meets any of the following criteria:
The vehicle is operated by a hit and run driver, where the insured is unable to identify the driver of the vehicle
No liability policy is in place at the time the accident occurs
Or the auto has liability coverage, but the coverage is not enough to meet Oregon's standard requirement
If the other driver's insurance company denies their coverage or the insurance company is or is going bankrupt
Posted on 7/10/2018 7:24 AM By Jason Graybeal
Oregon Auto Insurance- Who is covered? Oregon requires that drivers carry personal injury protection (PIP) for a private passenger vehicle. The following are who is covered under Personal Injury Protection: the insured, passengers in the insured's vehicle, the insured when occupying another vehicle, the insured while walking (pedestrian) and any pedestrian struck by an insured vehicle.
Posted on 7/9/2018 10:58 AM By Jason Graybeal
The state of Oregon requires that an insured person must have the following to be considered insured to the state requirements: Part A- Liability Coverage, Part B- Medical Payments- Personal Injury Protection, and Part C- Uninsured/Under-insured Motorist coverage. Part D- Physical damage coverage is optional, although most have it also- (Part D also known as) collision coverage, or other than collision coverage.