Personal Insurance Lines
Enhanced Personal Insurance Protection for Individuals and Families. For your car, motorcycle, boat, home, or rental property
As a client of Crotty Insurance, you won’t have to spend time researching and comparing all your insurance options. We’ll do the work for you! As an independent insurance agency, we represent many of the country’s finest insurance companies and can recommend the right insurance to fit your needs at the most competitive price. We offer you exceptional value and comprehensive coverage.
We believe that the more our clients know about their personal insurance options, the better equipped they are to make good insurance decisions. That’s why we’ve provided some in-depth explanations of our broad portfolio of protection programs. However, we understand that each person’s circumstances are different, so please feel free to contact us or drop by one of our offices for more information. We’re happy to take the time to discuss each item in detail with you.
Select any of the linked coverages below to read more detailed information or request a quote by completing our online form.
- Auto Insurance
- Homeowners Insurance
- Landlord Insurance
- Condominium Insurance
- Second Home Insurance
- Motorcycle Insurance
- Watercraft Insurance
- Financial Services
- Health Insurance
- Life Insurance
- Umbrella Liability Insurance
- Renters Insurance
- RV Insurance
Your Erie Auto Insurance Experts
Get the peace of mind you deserve with our affordable auto insurance options…
For most of us, our cars are one of the biggest investments we make, and to experience, a loss could be financially devastating. Auto insurance can cover more than just the repairs on your vehicle. Depending on the coverage you choose, your insurance can:
- Cover medical expenses associated with an accident
- Pay for losses caused by underinsured or uninsured drivers
- Reimburse you for damages suffered because of vandalism, natural disasters, or theft
- Pay for legal representation in case of a lawsuit
Figuring out which coverages make sense for you can be confusing. That’s why it’s important to discuss your needs with a Crotty Insurance agent who can recommend coverages that are right for you and help identify whether you qualify for any of the auto discounts we have available.
Affordable Homeowners Insurance
Your house is more than four walls and a roof. It can provide you with financial security. And, it’s probably your biggest investment. Inside those walls are possessions and valuables that make your house a home-and those items need protection as well. A standard homeowners policy safeguards your home and possessions against:
- Sudden and accidental damage from electrical current
- Fire and lightning
- Windstorms and hail
- Smoke damage
- Glass breakage
- Falling objects
- Weight of ice, snow, or sleet
- Accidental discharge of water or steam
- Vandalism and malicious mischief
Homeowners insurance doesn’t only apply to those who own a single-family house. If you own a condominium, have combination dwellings, rent an apartment or if you have a second home, you can also buy insurance specifically designed for your circumstances.
One policy provides both property and liability coverage for dwellings not eligible for a homeowners policy. All coverage options track with the homeowners' policy, making it easier to use individually or in combination with homeowners coverage.
What is Landlord Insurance?
Our Landlord policies are typically designed for landlords of dwellings occupied by one to four tenants and provide coverage for a dwelling that you own and rent to others. Landlord Insurance is often a great alternative solution for landlords who want to protect their buildings but do not need to insure the personal possessions of their tenants. Crotty Insurance offers a variety of policy options that provide multiple coverage levels to suit your unique insurance needs.
If you rent or own a condominium, you need insurance to protect your belongings. While your landlord or condo association might have insurance, it only protects the building itself. Your belongings are not covered under those types of policies. You need a policy to cover losses to your personal property. That’s where Crotty Insurance comes in.
What is Condominium Insurance?
Condominium Insurance is a specific type of insurance policy that is designed to fit the unique needs of condo owners. While many people often confuse condominium insurance with a renter’s policy (both offer personal property and liability protection), condo owners need to take into consideration the additional insurance coverage that may be necessary for the building based on their condo association’s overall master policy.
How Do I Determine the Type and Amount of Coverage I Need?
As one of the leading independent insurance agencies in Pennsylvania, our team of experts will walk you through all of the considerations unique to your situation in order to create a policy that best fits your needs. We will determine coverage based on information such as:
- What the condo association is responsible for insuring
- What you are personally responsible for insuring
- The amount of coverage needed for your possessions
- Whether or not you have a replacement cost or actual cash value coverage for your possessions
- Whether or not policy limits for your valuables
- Whether you need earthquake or flood coverage for your unit or possessions
Vacation homes require a special type of insurance–one that protects your vacation home but doesn’t overlap with your already existing homeowners insurance coverage. Most homeowners insurance policies provide limited coverage for personal property at an additional residence. However, if your coverage needs for your vacation home exceed this amount, you’re going to want to fill this gap by purchasing a policy that will cover your vacation home in its entirety. One way to do this is to purchase a dwelling fire policy, which is specially designed for a second home in that it provides coverage for the dwelling itself, along with your personal property. In addition to protecting your home and its contents, we also offer several discount programs to those that qualify.
Whether you’re a weekend warrior or just a casual rider, our motorcycle insurance policies offer the precise protection required for you, your bike, and also your accessories. Just like personal auto insurance, motorcycle insurance offers similar property and liability coverages. At Crotty Insurance, our policies are custom designed to meet the personal and financial needs of most motorcycle owners and enthusiasts.
Motorcycle Insurance Customized for Your Unique Needs
With Crotty Insurance, choosing your motorcycle coverage is easy. Simply speak with one of our experienced staff, choose the type of coverage and deductibles that best fit your needs and your lifestyle, and let us do the rest. We offer highly competitive prices and convenient payment plans, and we’ll place your coverage with a provider that has the history and financial stability to be there when you need your coverage the most. And should you ever have an unfortunate event, our motorcycle insurance coverage is designed to help brighten what might otherwise be a bad day. Our team of experts will work hard in every instance to make sure that any claim is processed quickly, accurately, and fairly.
Watercraft insurance policies provide coverage for physical damage caused by a collision, fire, theft, windstorm, lightning, vandalism, and others. This coverage is broad and often includes machinery and auxiliary equipment, outboard motors, boat trailers, and other personal property. Additional coverages are available as well, such as Personal Effects, Boat Liability, Medical Payments, and Commercial Towing and Assistance.
What Does a Watercraft Insurance Plan Cover?
Our Watercraft insurance plans provide you with coverage against a variety of loss types including:
- Medical Payments Our plans offer medical coverage that can cover eligible medical expenses should you become injured while on the water.
- Physical Damage This optional coverage type is generally designed to provide care of your boat, your boat’s motor, and your trailer. Your Crotty Insurance experts will help you to determine the exact right amount of physical damage coverage for every boat on your policy, whether one or several. In addition, you can choose a deductible amount (the amount paid out-of-pocket on a claim) prior to your policy kicking in.
- Liability It’s something no one wants to think about, but if you’re involved in a boating accident, chances are good that another person or watercraft was involved. And if you’re at fault, you’ll need liability coverage, without question. You are free to choose the amount of liability coverage that suits you – it’s entirely up to you. Our experts will show you the available coverage and limits, and also how to get the maximum personalized protection you need for the type of boating you most often do.
Contact one of our friendly experts today and get started on a customized insurance plan to fit your unique needs!
Umbrella liability coverage protects you from financial catastrophe due to lawsuits. It offers additional protection above and beyond your standard homeowners and auto policy limits and helps eliminate any gaps in your coverage. This type of policy can help ensure you are safeguarding your possessions, savings, and your future earnings.
Do I Need Umbrella Liability Insurance?
You may not have ever considered an umbrella policy in the past, but consider:
- What happens to your family’s assets should you be sued for an incident that occurred at your home and the legal costs of the lawsuit drastically exceed the liability coverage provided by your homeowner’s policy?
- Who will pay the bill if you are found at fault for a multi-car accident and your liability costs exceed the limits defined by your auto insurance by thousands of dollars?
Although these examples may not be common occurrences, you can never be too cautious. And at Crotty Insurance, we help you and your family plan for the unforeseen. Our Umbrella Liability Insurance is typically offered to you at a low cost, but it will provide enough coverage to help you eliminate your worries about unforeseen liability costs in the future.
Contact one of our friendly experts today to get started on getting the protection that you and your family need!
It is almost impossible to live without health insurance these days. With the rising costs of health care, some people are finding it difficult to find affordable coverage. Whether your employer does not offer health coverage, or you are self-employed, you may find yourself in a position where you need to seek your own health insurance policy. Health insurance policies most often provide coverage for:
- Doctors Visits
- Medical Testing
- Specialized Care
- Surgical Procedures
Health Insurance Options
Although every health insurance policy is different, typically you can work with your insurance agent to create a policy that best suits your lifestyle and needs. It is important to consider your financial situation AND the health of you and your family members when creating a health insurance policy. Most insurance agents can offer you two types of health care coverage:
- Indemnity Plans (or Fee-for services plans)
- Cafeteria/Flexible Spending Plans
- Indemnity Health Plans
- Basic & Essential Health Plans
- High Deductible Health Plans (HDHP)
- Health Savings Accounts (HSA)
- Managed Care Plans.Health Maintenance Organizations (HMOs)
- Preferred Provider Organizations (PPO)
Your insurance agent may also provide Medicare supplements, long-term care, income protection, and more.
Term life insurance, whole life insurance, universal life insurance, variable life insurance, survivorship insurance… the list and combinations seem endless. Do you know which life insurance policy type is right for you? At Crotty Insurance we can help! Our dedicated team of life insurance professionals understand Pennsylvania’s market and regulations and can find the right plan, or a mixture of plans, for your specific needs.
Term Life Insurance Basics:
- Coverage for a “term” or period of your life.
- Lower premiums for higher coverage.
- Rates can change after specific terms expire.
- No equity – cannot be used as cash value.
Whole Life Insurance Basics:
- Exactly like it says – permanent, not for a specific period.
- Protection carries with you your whole life.
- Can build equity and have cash value.
- Higher premiums than term life, but can be more valuable in the long run.
Term and Whole Life Combined:
- Build a lifelong base of whole live coverage.
- Supplement specific times of your life with term insurance.
When to choose the term life?
Most people choosing term life have a strategy for long-term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children, it might make sense to have a term life policy to cover the mortgage and living needs until their children are old enough to provide for themselves – in this case, the term would expire around the time your children move out.
When to choose whole life?
The whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Many times whole life policies will pay dividends – although not always.
Life spans in the United States have been increasing for over a hundred years. It is now common for people who reach retirement age to live 20 years or more in retirement, most of those years in good health. It’s good to live a long and full life, but you want to be sure that your income lasts as long as you do, and its purchasing power is as strong as you are. How can you manage the risk of “outliving your assets”? Crotty Insurance offers financial services to fit every need and budget, and annuities are a good place to start.
Annuities are a unique financial product that, along with Social Security, employer pensions, your 401(k) plan, IRA, and other assets, can enhance your retirement security. Discuss this option with your insurance professional or financial planner when mapping out your retirement strategy.
What is an annuity?
In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments. Usually, the term “annuity” relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company. There are many categories of annuities. They can be classified by:
- Nature of the underlying investment – fixed or variable
- Primary purpose – accumulation or pay-out (deferred or immediate)
- Nature of pay-out commitment – fixed period, fixed amount, or lifetime
- Tax status – qualified or non-qualified
- Premium payment arrangement – Single premium or flexible premium
An annuity can be classified into several of these categories at once. For example, you might buy a nonqualified single premium deferred variable annuity. In general, annuities have the following attractive features:
Tax deferral on investment earnings
Many investments are taxed year by year, but the investment earnings? Capital gains and investment income? Annuities aren’t taxable until you withdraw money. This tax deferral is also true of 401(k)s and IRAs; however, unlike these products, there are no limits on the amount you can put into an annuity. Moreover, the minimum withdrawal requirements for annuities are much more liberal than they are for 401(k)s and IRAs.
Protection from creditors
If you own an immediate annuity (that is, you are receiving money from an insurance company), generally the most that creditors can access is the payments as they’re made, since the money you gave the insurance company now belongs to the company. Some state statutes and court decisions also protect some or all of the payments from those annuities. And your money in tax-favored retirement plans, such as IRAs and 401(k)s, are generally protected, whether invested in an annuity or not.
An array of investment options
Many annuity companies offer a variety of investment options. You can invest in a fixed annuity which would credit a specified interest rate, similar to a bank Certificate of Deposit (CD). If you buy a variable annuity, your money can be invested in stock or bond (or other) mutual funds. In recent years, annuity companies have created various types of “floors” that limit the extent of investment decline from an increasing reference point. For example, the annuity may offer a feature that guarantees your investment will never fall below its value on its most recent policy anniversary.
Tax-free transfers among investment options
In contrast to mutual funds and other investments made with “after-tax money,” with annuities there are no tax consequences if you change how your funds are invested. This can be particularly valuable if you are using a strategy called “rebalancing,” which is recommended by many financial advisors. Under rebalancing, you shift your investments periodically to return them to the proportions that you determine represent the risk/return combination most appropriate for your situation.
A lifetime immediate annuity converts an investment into a stream of payments that lasts as long as you do. In concept, the payments come from three “pockets”: Your investment, investment earnings, and money from a pool of people in your group who do not live as long as actuarial tables forecast. It’s the pooling that’s unique to annuities, and it’s what enables annuity companies to be able to guarantee you a lifetime income.
Benefits to your heirs
There is a common misconception about annuities that goes like this: if you start an immediate lifetime annuity and die soon after that, the insurance company keeps all of your investment in the annuity. That can happen, but it doesn’t have to. To prevent it, buy a “guaranteed period” with the immediate annuity. A guaranteed period commits the insurance company to continue payments after you die to one or more beneficiaries you designate; the payments continue to the end of the stated guaranteed period? Usually 10 or 20 years (measured from when you started receiving the annuity payments). Moreover, annuity benefits that pass to beneficiaries don’t go through probate and aren’t governed by your will.
What is Long-Term Care Insurance?
Because of old age, mental or physical illness, or injury, some people find themselves in need of help with eating, bathing, dressing, toileting or continence, and/or transferring (e.g., getting out of a chair or out of bed). These six actions are called Activities of Daily Living-sometimes referred to as ADLs. In general, if you can’t do two or more of these activities, or if you have a cognitive impairment, you are said to need “long-term care.” Long-term care isn’t a very helpful name for this type of situation because, for one thing, it might not last for a long time. Some people who need ADL services might need them only for a few months or less.
Many people think that long-term care is provided exclusively in a nursing home. It can be, but it can also be provided in an adult daycare center, an assisted living facility, or at home. Assistance with ADLs, called “custodial care,” may be provided in the same place as (and therefore is sometimes confused with) “skilled care.” Skilled care means medical, nursing, or rehabilitative services, including help taking medicine, undergoing testing (e.g. blood pressure), or other similar services. This distinction is important because Medicare and most private health insurance pay only for skilled care-not custodial care.
Should I buy long-term care insurance?
If you need long-term care services and have to pay to obtain them, what financial resources could you call on? Do you have enough to pay for four or more years in a nursing home, an assisted living facility, or home health care? If you’re over 65, don’t rely on Medicare or private health insurance. Medicare doesn’t pay for custodial care, and private health insurance rarely pays any of the cost of long-term care.
If you expect to have very little money when you need long-term care services, you might qualify for Medicaid, a government program that pays the medical and long-term care expenses of poor people. If you expect to be in that situation, you probably shouldn’t buy long-term care insurance, because your state’s Medicaid program will pay your long-term care expenses. Buying long-term care insurance would only save the state? Not you? Money. The exception is if you live in California, Connecticut, Indiana, or New York, states that have a Partnership for Long-Term Care program. For residents of these four states, buying long-term care insurance does offer an additional benefit.
If you expect to have a lot of money when you need long-term care services, you also probably shouldn’t buy long-term care insurance. Instead, you should plan to pay for the care “out of pocket”?that is, as a regular expense. One financial advisor suggested in a newspaper interview that if your net worth is in the $1.5 million range, not including the value of your home, you could safely skip buying long-term care insurance and treat long-term care expenses if they arise, as you do your other bills.
If you fall in between these two categories, owning long-term care insurance, like all other insurance coverages, offers peace-of-mind benefits as well as financial ones. For example, a recent survey of people age 50 and over asked how confident they were that they could pay for long-term care services if they needed them. Among those with long-term care policies, 52 percent said they were very confident and another 40 percent said they were somewhat confident. Among those who didn’t own a long-term care policy, only 8 percent were very confident and only 27 percent were somewhat confident.
But if you’re under 85, and especially if you’re under age 65, that doesn’t mean you should ignore the topic of long-term care insurance because:
You might already be unable to buy long-term care insurance.
- Wakely Consulting Group, an actuarial firm, studied applicants for long-term care insurance in 2003-2004; the findings: 11 percent of applicants in their 50s, 19 percent in their 60s, and 43 percent in their 70s were rejected.
- A Milliman & Robertson actuary estimated that 15 to 25 percent of the over-65 age group are uninsurable for long-term care.
- A report from the Henry J. Kaiser Foundation indicates that over five million people ages 18-64 need some type of long-term care.
- The latest data from the National Center for Health Statistics (for 1999) reported that roughly 160,000 of the people living in nursing homes were under age 65 (nearly 10 percent of the total). Of those receiving home health care services, roughly 400,000 were under 65 (about 30 percent of the total).
So, unless you have so little money that you will qualify for Medicaid or so much money that you can pay the bills out of your own pocket, you should consider buying long-term care insurance.
Our estate planning services have been developed to help preserve what you have worked so hard to build over the years and to help you plan for the eventual distribution of your assets to your heirs. Proper estate planning may help you:
- Obtain financial security for your family.
- Pass your estate on to your heirs according to your wishes.
- Reduce or eliminate taxes, administrative expenses, and delays in connection with the transfer of your estate.
- Provide liquidity to cover taxes, debts, and expenses your estate may owe.
- Provide the peace of mind that comes with knowing steps have been taken to protect the people who depend on you, as well as everything you’ve worked a lifetime to build.
The primary reason for Estate Planning is to accomplish the distribution of assets, to whom you wish to minimize taxation. Having a successful estate plan assures your wishes for your heirs. The initial planning process includes taking an inventory of your assessment, discussing with trusted advisors, such as attorneys and accountants, your goals for the future.
Below is a brief list of items that should be considered when taking inventory of your assets:
- Real Estate (home or other real estate ventures)
- Savings (bank accounts, CD’s or money markets
- Investments (stocks, bonds, mutual funds)
- 401(k), IRA, pension, and other retirements accounts
- Life insurance policies/annuities
- Ownership in a business(es)
- Motor vehicles (cars, boats, planes)
- Other personal property of worth
The planning process is one that takes time and is ever-changing. However, most people assume that estate planning is for the wealthy. Your loved ones are at risk of losing all that you have built-in your lifetime, without proper planning, you are in danger of the following: The transferring of your assets will be decided by the laws that govern your state. Court-appointed administrators make the decision; where who and how much of your assessment are distributed. As well as receiving expenses for their work and a deduction to the total amount that could be given to your loved ones. When children are involved, it could result in a court-appointed guardian. A family-owned business could be sold without the family's consent. Unnecessary estate taxes can be relinquished and administrative services can be incurred and deducted from your assets.