An annuity is a contract between the buyer and an insurance company. Basically, the insurance company promises to do something with the buyer’s money – like grow it or pay it out over a number of years. Annuities can be helpful in some situations. In general, some benefits are 1) tax-deferred growth and compounding within the annuity contract; 2) guaranteed rates of return on your dollars; and 3) guaranteed lifetime payments if you annuitize (in some cases you don’t even have to annuitize in order to receive this benefit). Note that the guarantees are only as strong as the insurance company that issued the annuity. In other words, if the insurance company fails, the promise is no good. You should mitigate this risk by using only the strongest insurance companies out there.
This overage protects your ATV from direct physical loss or injuries, to you and others as well as other people’s property as a result of its operation. Much like an auto policy, this coverage protects your all-terrain vehicle from the same risks and damage or if it is stolen. Many states require ATV insurance for vehicles operated on state-owned land especially because your homeowner’s policy will not cover you.
Financially protects the insured, typically the owner and family members, against potential auto-related damages, loss or injuries. It protects you, your passengers, your fellow drivers, pedestrians, other people’s property and your vehicle. It can also help protect you in the event of an automobile-related lawsuit. Unlike captive insurance agents, we will quote many name brand companies ensuring you get the best value possible. Package policies are available which will include your homeowner’s policy at discounted prices. Antique and collector car coverage are available as well.
This coverage insures you against most risks of owning and operating your boat, its rig, sails, motor and/or its trailer. It can also protect you against liability lawsuits, should you injure someone onboard or on another boat, plus damage to their property. This includes equipment permanently attached to the boat as well as optional coverage available on such things as fishing equipment or other property important to you. Many companies offer an agreed value option where partial claims are settled with no depreciation and the limit you see is what you get in the event of a total insured loss.
Insure your personal property and parts of your unit that are not covered by your condominium’s Association policy. We can help you determine where the association’s master policy leaves you exposed to loss while tailoring coverage that meets your needs. The liability portion of the policy would cover injures or damage to people or property that fall under the liability of the condo owner. If you are displaced due to a covered loss, the condominium policy will help you with additional living expenses until you can move back in.
Coverage provides compensation if any mental or physical illness or injury prevents you from performing your regular or customary work. The incapacity that necessitates disability insurance may be illness, accident, or another trigger; the policy spells out what constitutes a trigger. Benefits from a disability insurance policy will vary according to the coverage selected, as will the definition of disability; policyholders usually aim to receive enough benefits from their disability insurance to let them continue their standard of living and meet their usual expenses. Although Social Security provides a form of disability insurance, it is much more difficult to meet its requirements for disability than it is with a private disability insurance policy.
Coverage helps to protect you against loss to your dwelling from any perils for one to four family dwellings that are non-owner occupied. Most policies afford landlord liability coverage and loss of rental income due to direct physical loss. Other situations that may call for use of dwelling fire coverage are vacant properties, properties under construction, or secondary or seasonal homes.
Coverage protects you from loss to your dwelling or contents due to flooding caused by rain, melting snow from winter thaws, storm surges, mudflows and more that is not covered by a homeowner’s policy. We sell and service many companies that provide flood insurance through an arrangement with the Federal Emergency Management Agency (FEMA). These companies act as servicing agents for the Federal Flood Insurance Program (NFIP). Rates and coverages are standard and based on geographic location and likelihood of flood.
Coverage protects you against direct physical loss from such perils as fire, lightning, wind storm, or hail, freezing of plumbing systems and theft. An all-risk policy offers the broadest coverage. Virtually every peril is covered except those specifically excluded in the policy. Most policies offer coverage for your additional living expenses when you are displaced from your home by a covered loss. The liability portion of the policy covers the homeowner for accidental injuries caused to third parties and/or their property, for which you may be held liable. Coverage for flood and earthquake damage is excluded and must be purchased separately. Package policies are available which will include your auto policy at discounted prices.
Protects you for expenses associated with reclaiming your financial identity, ranging from long-distance phone calls to the cost of hiring an attorney. Fraud victims often have to spend their own money and considerable amount of time and energy to clear their credit history and correct their financial records. More than anything else, this policy helps you restore your credit. The coverage is generally available as an endorsement to your homeowner’s policy and/or your auto policy.
This provides coverage for medicine, visits to the doctor, the emergency room, hospital stays and other medical expenses due to an illness or bodily injury. Policies differ in what they cover, the size of the deductible and/or co-payment, limits of coverage and the options for treatment available to the policyholder. Health insurance can be directly purchased by an individual, or it may be provided through an employer. Medicare and Medicaid are programs which provide health insurance to elderly, disabled, or uninsured individuals.
Coverage for your business property, liability, and loss of income for businesses operated from the home. One example of coverage is if you have damage to your home where you run your business, while your homeowners will cover the damage to the structure, your in-home policy will cover lost income and ongoing expenses such as payroll for up to one year.
This insurance minimizes the economic loss in the event of death. It can replace lost income, helping maintain the standard of living for the surviving family. It also is used to protect the estate from taxes which otherwise would diminish its value from one generation to the next. And it can be very vital to small businesses helping them to continue after the death of a key person.
By paying for many of the associated cost of old age, such as a nursing home, this coverage helps to pay for the care you need when you can no longer care for yourself. This allows you to protect your family’s financial future and your own investments and savings.
Coverage for loss to the structure of your mobile or manufactured home and its contents are included. It’s very similar to a conventional homeowner’s policy. Some companies will even cover your home in transit.
Coverage for damages incurred to you, your vehicle, your passengers, your fellow drivers, pedestrians, and other people’s property. We can customize coverage for your motorcycle or scooter based on your individual needs.
Many valuable belongings may exceed the standard limits of the policy. When you purchase valuable items coverage, not only is the value and description of the item or collection established with the insurance company before a loss can occur, but also the coverage is expanded to include things like loss of a stone from a setting, breakage of fragile items and mysterious disappearances, just to name a few. Agreed value coverage is available through companies we represent, which means you’ll get a fair settlement to the value to which you agreed.
Coverage helps to limit your liability when a catastrophe occurs. It is called an umbrella coverage because it is designed to take over when your underlying liability coverage from your auto, home, or recreational vehicle have been exhausted. We can make this coverage available even if your underlying policies are not currently with us.
Coverage pays for the treatment for unexpected illnesses, accidents, and injuries to your pet(s). Some policies will also pay out for final expenses or if your pet is lost or stolen.
Coverage insures your own recreational vehicle such as a motor home, travel trailer, pop-up camper, or a snowmobile against damage, theft, or an accident. Also available is coverage for trip interruption to help complete your vacation should disaster strike. Liability for injuries to others while on the road or at the campsite are also covered by this policy.
Coverage replaces your clothing, furniture, and other belongings in case of theft, damage from a fire or natural disaster. Personal liability coverage is also included should you be held responsible for damage to other people’s property.
This coverage protects your own property that is currently vacant or unoccupied. There are policies that cover commercial as well as residential properties. It also covers property that is being remodeled.
This coverage will financially protect your wedding against misfortune and mishap such as weather, illness or injury. This includes missing vendors, your location, military service, your gowns or tuxedos, gifts, liability and the honeymoon. A basic policy costs between $125 and $500.