Name: Maschoff Insurance Agency LLC
Address: 1451 NE 69th Place, Suite 45, Ankeny, IA, 50023
Telephone: 515-964-3195

What is the difference between standard auto insurance and classic car insurance?

Posted on November 25, 2024November 22, 2024 by admin

At Maschoff Insurance in Ankeny, IA, we have spoken to several clients who were unaware of classic car insurance and its benefits. Instead, they were insuring their favorite classics with standard auto insurance and missing out on specific options that could have greatly benefited them when they had to file an insurance claim. We don’t want that for you or anyone else, so we are here to shine some light on the subject.

What is the Difference between Classic Car Insurance and a Standard Auto Policy?

Classic car insurance places a different value on your vehicle than a standard policy. With a standard policy, your vehicle’s value is determined by the actual cash value of your car, which means the value depreciates over time. With a classic auto policy, you and the insurance company insure your vehicle using an amount that the two of you have agreed upon. So, you are insuring your classic car based on its worth and the money you have put into it to restore it and maintain its glory.

With a standard auto policy, you are insuring your car for normal use. On the contrary, with a classic car policy, you are restricted in the amount of miles you can put on the vehicle. This is because a classic car can appreciate in value over time and not depreciate due to everyday wear and tear.

Classic car coverage offers specialized coverage that helps you pay the cost of the unique parts needed for complete restoration after an accident. Standard auto insurance wouldn’t cover that. Lastly, classic car insurance requires that you store the automobile in a secure location when not in use to preserve its value, something not required in a standard auto policy.

For more information

To know more about classic car insurance and whether it is the best coverage for you and the cars you love, call us today at Maschoff Insurance in Ankeny, IA, at (515) 964-3195.

Does Renters Insurance Cover Roommate Theft?

Posted on October 28, 2024October 22, 2024 by admin

Personal property coverage is a fundamental aspect of renters insurance policies. It typically protects belongings against various causes of damage and loss, including theft. However, theft by roommates is often not covered.

Exclusion of Roommate Theft

Many renters insurance policies explicitly exclude theft by roommates from their personal property coverage. While theft by those not living with you is usually covered, any theft by roommates, housemates, or partners is unlikely to be covered.

Policies exclude roommate theft for two clear reasons. First, roommates have much more access to your belongings than anyone else. Second, proving that someone living with you stole your belongings can be extremely challenging. Confirming that they took your dinner leftovers can be difficult, let alone proving they took your laptop.

Minimizing the Risk of Roommate Theft

This leaves renters with limited ways to protect themselves against potential roommate theft. However, you can take a few steps to reduce the risk.

Try to find roommates whom you personally know and trust. If no friends or coworkers are living in Ankeny, IA needs a roommate, so look for someone who knows someone looking for a place to live. A friend of a friend is better than someone randomly found online.

Ensure your place has locked bedroom doors. This will allow you to secure many belongings when you aren’t around the house or apartment.

Consider locking them up for particularly expensive items when you aren’t using them. You might use a bike lock for expensive sports equipment (not just a bike) or a locking filing cabinet for smaller valuables. Some desks have locking or hidden drawers, too.

The Importance of Renters Insurance in Iowa

While renters insurance typically doesn’t protect against roommate theft, it does provide many other essential protections. We at Maschoff Insurance strongly recommend that anyone renting in Ankeny, IA have a policy. Our agents here at Maschoff Insurance can help you find one.

RV Insurance Coverage You May Need This Winter

Posted on September 30, 2024September 27, 2024 by admin

The value of RV insurance products varies depending upon their usage in different seasons. It’s crucial to fully understand how you plan to use your RV and select the relevant coverage that suitably protects your vehicle.

Collision Insurance

Collision insurance protects your vehicle from any damage incurred while driving or parked. In winter, harsh weather conditions raise the probability of accidents, making it even more important to have sufficient coverage. This will prevent any financial losses arising as a direct consequence of an accident.

Liability Protection

Liability protection covers damages that are your responsibility. This could occur if your RV damages another vehicle or someone’s property. Enhancing your liability protection will shield you against unforeseen expenses. You should consider increasing your liability protection if you plan to use your RV more frequently this winter.

Personal Belonging Protection

Theft and vandalism can happen when your RV is parked at a campsite or similar location. Personal belonging protection provides coverage for your vehicle and all items stored inside. This type of protection applies both when you are inside the RV and when it’s left unattended. When establishing coverage, it’s important first to assess the value of your RV and the items stored within.

Insurance Agent Support and Consultation

We recommend consulting with one of our Maschoff Insurance agents regarding the best insurance options for your RV. We have representatives serving Ankeny, IA, and surrounding areas who are eager to discuss the various RV coverage options with you. Once you’ve selected it, your agent will assist you in preparing your new insurance documents.

How To Make the Most Of Motorcycle Ownership with the Right Insurance Coverage

Posted on August 30, 2024August 23, 2024 by admin

Securing the Right Motorcycle Insurance in Ankeny, IA

Owning a motorcycle is a dream for many people. Whether you’re about to purchase a motorcycle or have just become a proud owner, securing the right insurance coverage is crucial. At Maschoff Insurance, serving Ankeny, IA, and the surrounding areas, we’re here to help you understand the finer points of motorcycle insurance. Let’s delve into this essential coverage.

Drive Only With Coverage

First, you should know that without proper coverage, you cannot legally drive your motorcycle on the road. Just like other vehicles, your motorcycle must be insured with at least the legal minimum coverage before you can operate it.

Potential Legal Consequences

If you ride your motorcycle without insurance, you risk facing legal repercussions. These may include tickets, fines, or potentially even more severe consequences. Continual illegal operation of your motorcycle might lead to a suspension of your license. Additionally, you may face legal liability for damage or injuries caused by your motorcycle to others.

Standard Auto Insurance Is Not Adequate

Motorcycles significantly differ from other types of vehicles and carry a higher risk of accidents, damage, and injuries. These risks extend not only to the rider but also to other drivers on the road. Consequently, a regular auto policy usually does not provide adequate coverage. It’s recommended to consult with an insurance representative to learn about specific motorcycle policies to ensure you find the right one to meet your needs.

If you’d like to learn more about motorcycle insurance, please get in touch with us today at Maschoff Insurance, which serves Ankeny, IA, and the surrounding areas.

Boat Insurance Statistics and Facts

Posted on July 30, 2024July 26, 2024 by admin

Boating is a fantastic way to enjoy the outdoors in the Ankeny, IA area. However, ensuring your watercraft is well-protected and abiding by all safety precautions is paramount. Here are some facts about boat insurance and why it’s important:

The Coast Guard reported that over 3,800 significant boating accidents occurred throughout the U.S. in 2023. These resulted in approximately 564 deaths and 2,126 injuries. Many accidents go unreported, so these statistics likely underestimate the true impact. Speeding, equipment malfunctions, and distractions were common causes of these incidents.
Boat insurance doesn’t just cover collisions with other boats. If you have the appropriate type of policy, it can cover theft, fuel spills, salvage, severe weather, injuries, freeze damage, vandalism, personal belongings, and towing under certain circumstances. Some protections are optional, so be sure to ask your agent for specific details about what your policy covers.
Not all boat insurance policies are created equal. Liability coverage only protects you if your boat causes harm to another individual or their property. Combined collision and comprehensive policies offer much broader protection, sometimes called "hull insurance." They cover eventualities such as theft and wind damage.
While the state of Iowa doesn’t require boat insurance, a bank may expect you to have and maintain a policy if you use a loan to purchase your watercraft. Likewise, some marinas also require coverage, which effectively protects their facilities and fellow customers’ vessels.

If you’re seeking reliable boat coverage, Maschoff Insurance is here to assist. Our independent agency in Ankeny, IA offers exceptional customer service and the ability to easily compare policies from various providers. For a no-obligation quote, please call Maschoff Insurance today at 515-964-3195 or 877-317-3195.

How Does Umbrella Insurance Differ From Other Insurances?

Posted on June 28, 2024June 28, 2024 by admin

When shopping for an insurance plan, it’s always a good idea to explore the various options that are available. At Maschoff Insurance, we are providing umbrella insurance to the people of Ankeny, IA. But how do you determine if you need umbrella insurance rather than other insurance plans?

What is Umbrella Insurance?

Umbrella insurance is a type of liability insurance that extends beyond your current policy’s coverage. In liability insurance, the insured is covered for situations involving lawsuits and legal fees. If a client is being sued for personal injury or property damage, they can rely on liability coverage for financial protection. However, some situations surpass the limit of liability coverage. Most insurance policies will only pay up to a specific limit. Umbrella insurance is a plan that provides additional liability payments, offering the customer peace of mind, knowing they won’t have to worry about expensive legal issues.

Is Umbrella Insurance Preferable to Other Insurance?

The answer to this question depends on your needs. An umbrella insurance policy could be extremely beneficial if you find yourself in a situation where a lawsuit could turn outrageously expensive. Umbrella insurance is ideal for people with significant wealth or those who offer hazardous products or services. Typically, umbrella insurance is as versatile as other types of insurance coverage.

Getting Umbrella Insurance in Ankeny, IA

If you’re interested in learning more about our umbrella insurance plan, please get in touch with Maschoff Insurance at 515-964-3195. Our agency’s team is highly experienced in designing customized plans for our clients.

Understanding Your Health Insurance Options in Ankeny with Maschoff Insurance

Posted on May 31, 2024May 31, 2024 by admin

Maschoff Insurance is the go-to choice for Ankeny, IA residents when choosing a health insurance policy. Of course, it can be hard to understand your various options. To learn more about the choices that are available to you, take a closer look at the following tips and pointers. By taking the time to handle your due diligence, the process of choosing the right health insurance option has never been more straightforward.

Personalized Plans Are Best

A health insurance policy needs to be tailored to the specific concerns of the policyholder. After all, these policies are not a one-size-fits-all proposition by any stretch of the imagination. Take the time to consider your most crucial needs and personalize the plan as needed. Don’t make the mistake of following in the footsteps of friends and loved ones with differing concerns.

Review The Plan Regularly

Health insurance policies are not meant to be rigid or static. They must be reviewed regularly so that any changes can be fully accommodated. Jobs, locations, and personal circumstances can always change at the drop of a hat. That’s why the policyholder must be willing to stay proactive rather than reactive.

Choose The Right Network

Few things are more troublesome than selecting a health insurance policy that does not allow easy access to the necessary medical care. In-network care should always be prioritized so that the policyholder is not left holding the bag for any added charges that occur due to stepping outside of said network.

At Maschoff Insurance, we pride ourselves on steering Ankeny, IA residents in the right direction. If you want to increase your understanding of your health insurance options, our team is on hand and able to answer any questions you may have. Pick up the phone and give us a call as soon as possible!

Basic Guidelines to Follow When Choosing Life Insurance Coverage

Posted on April 30, 2024April 30, 2024 by admin

Purchasing a life insurance policy will protect your loved ones in the future. Use the following tips when choosing insurance coverage to benefit your family members.

Family Members

Consider each person who is in your family. Life insurance coverage should adequately provide each member with the funding needed to survive. If your family may expand in the future, be prepared to increase your life insurance coverage as needed.

Unique Circumstances

Consider this if anyone in your family is facing a challenge that could necessitate more funds. A preexisting medical condition, educational needs, or another financial obstacle may persuade you to seek additional life insurance coverage.

The circumstances that your loved ones are faced with may change throughout the course of your life. For this reason, updating your life insurance coverage when you think it will be beneficial is a good idea.

Products

Term life insurance products and whole life insurance products vary. Compare various insurance types to help you determine which investment is best for you.

If you settle on a term life insurance policy, you will have coverage for a definitive amount of time. You may discover that this type of coverage is beneficial if you have young children or if some of your loved ones are actively attending college or dealing with another expensive situation.

Additional Resources

Contact an agent who represents Maschoff Insurance for more advice. One of our agents who serve Ankeny IA will describe various life insurance products that will protect your family members. You will also receive instructions on how to keep your insurance policy updated in the future.

Choosing the Right Auto Insurance in Ankeny: Tips from Maschoff Insurance

Posted on March 29, 2024March 26, 2024 by admin

Exploring Ankeny, IA, and Beyond

As you set out to discover exciting attractions in and around Ankeny, IA, it’s paramount to begin with the right auto insurance. With the risk of potential accidents during your drives, it’s essential to have a dependable policy. At Maschoff Insurance, we’re here to guide you down that path.

Diving into Coverage Levels

Getting coverage in Ankeny, IA, the first step is to meet the state-prescribed minimums for Iowa. These include liability coverage and property damage coverage.

While meeting the state-imposed minimum coverage is a good start, you may choose to get additional coverage to protect you against high-cost accidents. Doing so ensures you aren’t left to foot the bill yourself.

Beyond the state-required coverage, you can add insurance for uninsured motorists, comprehensive coverage, rental car coverage, roadside assistance, and more.

Constructing a Customized Policy

Your vehicle type, driving habits, and parking location should influence your choice of coverage. Tailoring a policy to fit your needs, including an affordable deductible in case of claims, is key.

While many insurance companies might push unnecessary extras, a good agent can guide you through the process. They will help you understand what coverage you actually need and provide a balance of price and protection.

Discuss Your Options with Professionals

Deciding on the right auto insurance shouldn’t be a guessing game. At Maschoff Insurance, we’re here to help you both locate and afford the right policy. Please speak with one of our agents today to get insight into your driving habits. After establishing your driving profile, we can provide coverage recommendations and competitive quotes for a policy you can rely on.

Does My Business Need Commercial Insurance? What Is It?

Posted on February 28, 2024February 21, 2024 by admin

Businesses need protection in a variety of ways. Financial liability can break a business if it’s not prepared for the bad things that can happen. Commercial insurance provides some financial protection and reduces risk for businesses. Many business owners are unaware of commercial insurance and how it can benefit their business.

At Maschoff Insurance, servicing Ankeny, IA, we’re here to answer your questions about commercial insurance and how it can help you. Here’s what you need to know.

What Is Commercial Insurance?

Commercial general liability insurance is a type of insurance that can help many businesses. This type of insurance is sometimes called comprehensive insurance because it provides financial protection when various covered events occur. Commercial general liability insurance includes coverage for property damage, bodily injury, defending lawsuits, libel, slander, settlement bonds, and judgments.

Does My Business Need Commercial Insurance?

Many businesses can benefit from commercial insurance because being in business involves some risk, and commercial insurance can help reduce that risk. However, commercial insurance isn’t the best type for every business. As a business owner, the only way to determine if commercial insurance is right for your business is to talk to a knowledgeable insurance agent.

How Can I Get Commercial Insurance?

If you’re interested in getting insurance for your business, the next step to take is to speak with someone from Maschoff Insurance, servicing Ankeny, IA. Our insurance agents can help you decide whether commercial insurance is right for your business and, if so, which provides the proper coverage. Call today to make an appointment and learn more.

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