We Hate Insurance

The roof of your house protects your family and belongings from the rain, wind, hail, and more, so, it has to stand up to quite a lot of punishment! So is your homeowner policy going to replace it?  Replacement Cost vs. ACV (Actual Cash Value)  So when you took at your declarations page for your homeowners policy and see that you have $250,000 in coverage for your home, you assume that will be enough to replace the roof after the next hail storm.   But when it comes to the actual coverage that will be provided when a claim is filed, it is important to understand that all policies do not cover your property the same. Below are two types of coverage to be aware of and to look for on your declarations.   Actual Cash Value : Actual Cash Value coverage is a way of covering your roof that limits the amount that you will be paid in the event of a claim. Basically, the insurance company will account for the depreciation on the current roof, and they will deduct this from the payout amount for

  As an agent I hear lots of ideas about life insurance both for and against, but the one that really drives home the point that life insurance is the best way to handle some things like your funeral costs and final expenses. Many folks who are a little older and have some savings will say, "There is plenty of money in the bank to pay for my funeral, so I don't need a life insurance policy." Sounds pretty iron clad, right? Well, let's look at this with eyes wide open. First off, this works as long as someone survives you that is an owner on your bank account. You see, the bank will close the account and freeze the assets as soon as the owner dies. If you don't have a spouse that is still alive when you pass and you have not made your kids owners on your bank account, they will not have access to the funds you set aside for your final expenses until after probate is satisficed.  In other words you can either give your children unfettered access to your money right

If you own valuable jewelry, an iPhone, valuable guns, or other items that have a high value, you should consider protecting it with an inland marine insurance policy. Inland marine insurance can supplement your existing insurance policies and provide added coverage for your prized possessions.  What Is Inland Marine Insurance?  The term “inland marine insurance” came from marine insurance, which insured property that was transported over the water. Inland marine insurance then came about to protect property as it was transported across land. Today, inland marine insurance may cover several types of movable property, and it may supplement existing insurance policies. Although a standard homeowners insurance policy may provide some protection for jewelry, it may not offer all the coverage you need. The disadvantages of using your homeowners policy to cover your movable property include:  Since jewelry and other items are easily misplaced or stolen, a standard homeowners policy limits ho

Selecting good auto insurance is important. You can choose from companies which have local or non local agents that you talk to on the phone. The services of the local agent may be important when you buy the policy or at the time of loss, when you have a claim.  Car insurance protects you from paying for another driver’s injuries and repairs by yourself if you cause a collision. Some types of insurance also pay for damage to your own vehicle, and still other coverages can pay for your medical bills. Without auto insurance one accident could cost you all your life savings if you injury someone. Not to mention it is required by law to have auto insurance to drive a vehicle, yet in some states a full quarter of all drivers are uninsured.  The bottom-line is not only is auto insurance mandatory it is and important part of a responsible risk management program. So, if your agent or the insurance company wants to write you  the lowest limits possible and is giving you lower rates than anyone

Even if you're single, life insurance can protect others from financial burdens brought on by your passing. Not to mention, life insurance rates for young people are generally lower than they are for other customers. Getting life insurance while you're single and young could let you access lower rates and longer terms, which could be especially helpful if you were already planning to get life insurance later in life. We all know it is responsible to get life insurance when you have others relying on you day to day, for food, housing, clothing, child care, and all the things we need but what about when it's just you? Below are some reasons that you should look at life insurance while you are young and single. Final expenses Life insurance can be an important way to pay for your funeral and other end-of-life expenses, so your parents or siblings aren't burdened with that cost. A permanent life insurance policy, like whole life insurance, is more affordable when you purcha

  Protect your Family with Mortgage Life Insurance So you bought a house and the mortgage and upkeep are a big part of your monthly expenses. But it is your dream house and you and your spouse look forward to raising your children here and maybe planting a garden or put in a koi pond. The school system is just right and the community is just what you wanted. You've got homeowners insurance to protect it from weather, fire and other perils but what happens if the family loses the main breadwinner or even just one of the two incomes making this purchase necessary? It's not something we want to think about but it is so important that you should take just as much time discussing and planning for the possibility as you did when you were looking at homes. Not planning for the worst case scenario will make a devastating event like the death of a spouse infinitely more painful. With the loss of your income, could your family stay in the home you have chosen in the neighborhood yo