There are many aspects to successful financial plans. Most include a family budget, emergency savings, retirement savings, and…insurance!
So today, let's review the important parts of your insurance financial plan.
Protect Your Stuff - This is what we think of first when it comes to insurance. Fixing your car after an accident and replacing your belongings after a fire. When you review your financial plan, you want to make sure that all of your valuable assets are protected. Cars, homes, high priced jewelry or artwork, boats, motorcycles, ATV's, etc. Protect it all and make sure that the deductible is reasonable and that you have full replacement cost coverage. (We can explain all the details.)
Protect Your Money - Liability is a misunderstood coverage, but it's extremely important. When you are held responsible for an accident, your assets and money are at risk! What if your teenager caused an accident and your were sued? What if you caused a major accident and didn't have enough liability coverage? Good insurance can make sure this doesn't happen! We look at how much you have to protect (total assets) and create a plan to cover it all.
Protect Your Family - You can protect all of your belongings, but the ultimate way to protect your family is with good life and disability insurance. If something happens to you, you don't have to worry about your family being protected. You can plan to pay off debt, pay for college, or anything else that is important to you.
All of this might seem like a lot for think about, but it doesn't have to be. With a great insurance agent, you can meet once a year and trust that all of these things are taken care of. Why not take a few minutes to schedule an insurance financial planning review with one of our agents? Call us today!
When quoting auto insurance for clients, we frequently discuss how to choose the right deductible. I thought I’d take a few minutes to share this information here on our website too!
A deductible is the amount you pay out of pocket when you have a claim. If you have a $500 collision deductible and have an accident, then you would pay $500 towards repairing your vehicle and insurance would cover the rest.
The deductible you choose directly relates to the amount of money you spend on premiums each month. The higher the deductible ($250, $500, $1000), the lower your monthly cost.
So how do you choose? Cheaper price or lower out of pocket expense?
First, look at your emergency savings. Do you have enough cash available to cover a higher deductible if you had to pay it? If the answer is no, then you’re better off paying a little extra each month.
Compare the cost savings. When we run a quote, we can show you several different options. Ask your agent to run the premium based on several different deductibles so you can see the actual dollar cost savings.
You can always change your mind. If you’re short on cash now, but know you could afford more out of pocket next year, you’re always able to change. Keep your deductible in a comfortable range and you’ll always be well protected!
Call us for more information and a personalized quote!
Every month, we share easy tasks you can do to keep your home in tip-top shape all year long. So here are a few simple tasks you can do in September to prepare your home for cool fall weather!
Check Gutters - Take a few minutes to make sure your gutters are clear. With rain and falling leaves, gutters will be working overtime. By making sure they’re clear now, you’ll avoid water damage later on.
Clean The Dryer Vent - Lint accumulating in the dryer vent can cause a house fire. A couple of times per year, unplug the dryer and thoroughly vacuum the area around the dryer vent and hose. Remember to check the outside vent too!
Gather Firewood - Will you be burning a wood stove or fireplace this winter? Start gathering up firewood now and save yourself from the task when it’s cold outside.
Get Ready For Autumn - Now is a great time to start planting some fall flowers. Mums make a great addition to your front porch!
Save On Home Insurance - Homeowners Insurance is an important part of protecting your belongings. To make sure you have the best coverage, call us today for a free, no obligation quote.
September is Life Insurance Awareness Month. You’ll probably see TV commercials and magazine articles talking about why this coverage is so important all month long.
And you probably already know it’s important. But that doesn’t mean that you’ve got your policy set up yet!
The Life Foundation says that only 62% of people who believe they need life insurance, actually have it. And even those that have it only carry enough to replace their income
for 3.6 years. If you have young children to support, that is simply not enough time!
And if you're skipping life coverage all together, then you are putting your family at risk.
So why do people wait too long to purchase life insurance? Well, the Life Foundation
also says that 86% of Americans say they haven't purchased it because it's "too
expensive,” yet overestimate the cost by more than 2X!
Life Insurance rates are based on a number of factors, including age, health conditions,
and smoking status. By not smoking and purchasing when you're younger, you can
save substantial money. In fact, many term life policies are less than $30 per month!
Here’s what we recommend...call the office and set up an appointment
with one of our life insurance specialists. Bring information on your annual income, as
well as any debts (like your mortgage). We’ll give an accurate picture of how much
coverage you need as well as different ways to make it affordable
Don’t wait another minute! Call us today to set up an appointment.