Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Am I Required To Have Homeowners Insurance?
Posted: August 16, 2020
Am I Required To Have Homeowners Insurance?There is no law that says you have to purchase homeowners insurance if you own a home, as stated by the Insurance Information Institute (III). However, very few home buyers can pay cash upfront for such an expensive purchase. Most people will need to finance most of the cost of a home, and that means going to a mortgage lender. As a condition for obtaining...
Is Taking The Accelerated Death Benefit Worth It?
Posted: August 7, 2020
Is Taking The Accelerated Death Benefit Worth It?Accelerated death benefits are a relatively new option with life insurance policies. To qualify for these benefits, you must be terminally ill or chronically ill in some cases. For policyholders with severe health conditions, it may be worth it to take advantage of this option. How Do Accelerated Death Benefits Work? When you take accelerated death benefits, you get a portion of the benefits from...
Common Benefits Of Commercial Property Insurance
Posted: August 4, 2020
Common Benefits Of Commercial Property InsuranceOwning commercial property carries significant risks, which is one reason many businesses elect to lease rather than own. Fire, theft, and natural disasters such as tornadoes and hurricanes can have a heavy financial impact. Commercial property insurance is designed to help mitigate the risk of owning commercial property. What Types Of Protection Does Commercial Property Insurance Provide? When a commercial property is leased or rented,...
Will My Auto Insurance Cover Me If I Drive Across The U.S. Border?
Posted: August 1, 2020
Will My Auto Insurance Cover Me If I Drive Across The U.S. Border?Your personal auto insurance policy provides protection against liability, bodily injury, and property damage in case you are involved in an accident in the U.S. But what happens if your travels take you into Canada, Mexico, or beyond? Are you still covered once you cross the U.S. border? The answer depends on which country you are driving to. Yes, if your trip is to Canada....
What If My Beneficiary Can’t Claim My Life Insurance Money?
Posted: July 22, 2020
What If My Beneficiary Can’t Claim My Life Insurance Money?Many people purchase life insurance policies to provide for a spouse and children. But what happens if your death arrives while your children are still minors? In that case, the life insurance company cannot pay out benefits until the court appoints a guardian for your minor children. That can be a lengthy process, requiring attorney fees and court costs. Similar problems could arise if your...