Learning Insurance - Starting with the basics.
What types of insurance is there? What types of coverage can you get? There are so many factors that go into finding an insurance plan right for you, it can be challenging starting out. Even just understanding the basics of insurance can be challenging, which is why we broke it down for you in this post!
Home - Covers your house and belongings in your house in the case of a disastrous event. Home insurance can also be an umbrella for things like renters insurance. Renters insurance covers you if a disastrous event happens while you are renting a home rather than owning a home. There are other things that fall under the umbrella of home insurance including Condo insurance, Mobile and Manufactured Home insurance, vacant homes, and specialty homes (investment properties, seasonal homes, etc.). You can build a custom package that fits your exact needs when it comes to home insurance, and a licensed agent can help you with finding that perfect-fit package.
Auto - We want to make sure you are covered in case of an accident. Some of the risks that you might face as a driver that are covered under auto insurance are you cause an accident, you accidentally cause damage to your own car in an accident not involving another car, hailstorms, an accident with an uninsured driver, and it can even cover if you cannot work during a recovery period after an accident. You can get the best insurance rates if you have no previous accidents, are a safe driver, and have an appropriate vehicle (yes, insurance rates depend on the vehicle!)
Commercial - Restaurants, hotels, nail salons...the list goes on! Commercial insurance is for the small business owner to protect their business and business assets. Commercial insurance can cover many things such as risks related to the building/property itself, liability (customer injuries, wrongful termination, etc.), crime and security problems related to your business, Auto coverage for vehicles used for the business, workers compensation, life insurance for employees, and loss control. Basically, if you are a business owner, commercial insurance is a must.
Life - One quick call or medical exam can dictate your family's future after you pass. There are 3 main types of insurance when it comes to life insurance; Term life, Whole Life, and Universal Life.
Term life is for a specific amount of time, typically something like 10, 20, or 30 years. Your premiums will remain level during the selected term.
Whole life is permanent insurance. As long as the premiums are paid, you are insured throughout your life. Over time, permanent insurance accumulates a cash value.
Universal life insurance is very similar to whole life insurance, but offers a bit more flexibility. You can really tailor your policy to fit you, but that comes with changing premiums.
Specialty - We don't forget the extra fun stuff! Boats, motorcycles, jet skis… These are all considered specialty items that can be insured. This insurance coverage is similar to that of auto insurance in that it protects if you are injured, in an accident, or if items are stolen.
Pet - Yes, we can even insure your furry family members! Pet insurance is great for covering the medical costs that can add up if you have a pet. If you have a pet that needs a lot of medical care, pet insurance is a really smart idea to help cover the costs of your pet’s medical expenses. As long as you pay your monthly premium, your pet is covered and your insurance can help you out with any potential medical expenses.
As always, we are happy to give you a FREE QUOTE today so you can make sure you are paying the right prices and getting the proper coverage! Feel free to call or text us at 817-841-8010 so we can get started on your coverage, today!
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