The Facts About Home Insurance

When people shop for home insurance, they are actually seeking not just one type of coverage, but possibly several different varieties. Homeowners insurance, renters insurance, and condo insurance are all typically included within the category of home insurance. Whether you own the property that you live or you are renting, you need to have insurance coverage to guard against disasters and losses.

Homeowners, Condo, and Renters Insurance Policies: What’s the difference?

A homeowners policy is for people who own their own home. This may be either a house or a condominium: Essentially, if you are making payments on the home with ownership as the end goal you will need homeowners insurance. This type of policy will cover both the outside of the home and all the contents of your home. It will cover the majority of natural disasters (certain disasters like earthquakes may be excluded but you may add extra coverage for that specific purpose) and will allow you to replace or rebuild damaged property. If your home is broken into by a thief and items are stolen your insurance will help replace stolen items and pay for any damage in terms of vandalism that the thief did.

With a renter’s policy, the coverage includes the inner contents of the home, apartment, or room that you are renting. This is coverage for break-ins, natural disasters, fires, and other circumstances that are beyond your control. Even though your landlord will have a homeowners policy on the place you are living, it does not cover your own personal items as a renter, which is why renters insurance is essential.

You may be very surprised to see the range of prices you’ll get in home insurance quotes. You can sometimes save hundreds of dollars, or even more, simply by choosing one company over another. However, it is important that you get quotes only from reliable top carriers. Your local independent agent is the best resource for this since they can accumulate multiple quotes from the top carriers for you online. Your independent agency will give you the power to compare all the best policy options conveniently at home!

The Facts About Auto Insurance

Many people have an insurance policy, but do not fully understand their coverage or what they will do if they find themselves in the position of needing to utilize their insurance. Discover the basic types of car insurance and find out how to obtain the coverage you need for your particular situation.

Collision Coverage – This is the basic insurance type that covers your vehicle if you collide into something. This covers collisions with other cars as well as if you were to run into a wall, barrier or bridge.

Comprehensive Coverage – This covers anything that may happen to your car that is not directly related to a collision. This would include things such as theft, fire, hitting a deer or vandalism.

Liability Coverage – This type of coverage covers the damages when you are at fault in an accident and you damage someone else’s car or property. Liability coverage is often mandated by law, so it is important that you as the driver make certain you have an adequate amount.

Medical Payments – This is also called PIP in some states. Medical payments pay for any injuries to the driver or passengers that occur if an accident occurred while you were driving. Medical payment insurance varies from state to state, so make certain you are covered as expected.

Now that you understand a bit more about the different types of auto insurance available, you are probably ready to find the right coverage for you. The best way to do this is to work with an independent agency that will allow you to compare insurance quotes online. By doing this, you can rest assured you are getting the best deal as well as getting the personal attention you need.

The Facts About Life Insurance

Life insurance provides your loved ones with financial security to cover the unexpected. A life insurance policy is a contract between you and the insurance company stating that your beneficiary will receive a benefit payout upon death.  

Life insurance protects your family from potentially devastating financial losses that could result if something were to happen to you. The death benefit can be used for final expenses, paying off outstanding debt, asset protection and income replacement.  

Term – Lasts a set timeframe (10, 15, 20, or 30 years) and is typically more cost effective.
Permanent – Lasts your entire lifetime, long term care protection and tax deferred cash value growth with tax free accessibility.

We are dedicated to helping individuals and families achieve their financial goals through our free, all-inclusive personalized planning services.

We use a fact-based financial model with 27 different areas of focus, so you are able to clearly define what success means to you. There are three main sections; Protection, Savings and Growth. When we take this integrative approach, you will see what is working for and against you.

Protection
Our financial professionals will examine your protections to help ensure everything is functioning properly. Each product and service you’ve invested in should be effectively protecting your assets, income and life.

Savings
We work hard to help you increase your money supply and maximize your benefits using your existing resources. We help you determine short, mid, or long-term goals and build a clear path for the best results.

Growth
The main objective for your finances is long-term wealth building. We find ways to help you take advantage of potential tax benefits and navigate how to manage risks.