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Cincinnati Home Insurance Agent
Article by Chad
Visit http://www.CincinnatiChad.com
For home owners, purchasing home insurance is essential. First off, lenders require home insurance. Second, protecting your home gives you peace of mind knowing that your biggest investment is protected.
You should understand all points of a home insurance plan. When considering what type of home insurance to buy, it is important to consider the following types of home insurance coverage:- Personal Property: This type of insurance covers items within the home. Coverage depends on the limits of your coverage. It is essential to know the details of your personal coverage. For instance, are you insured for the original price of an item or the current price?
– Casualty: This type of insurance covers natural disasters fro such events as fire, hail, and wind. It is important to review the policy to make sure you are covered. If you live in a flood risk area, you will have to purchase flood insurance.
– Liability: This protects you from lawsuits resulting from injuries to guests. The cost for this liability coverage is usually based on the limits of your coverage.
– Additional Coverage: You may want to purchase extra coverage if you have very expensive items. There are other types of coverage for such situations as loss assessment, collapse, some repairs, damage to trees as the result of wind or ice, some building additions, loss of food due to power outage, and much more. It is important to inquire about the availability of additional coverage.
– Exclusions: Home insurance policies always have a list of exclusions that includes war, neglect, earth movement, intentional loss such as arson and more. It is important to be aware of what your insurance does not cover.
Steps to help you save money on home insurance include:
1. Deductibles: A deductible is the amount you have to pay toward a loss before your insurance company will pay. Check to see whether it would benefit to have either a high or low deductible.
2. Age of Home: Many insurers will lower costs if the house is brand new.
3. Home Security: Find out if there is a discount if you install safety equipment such as smoke alarms, fire extinguishers, burglar alarms, dead bolt lock, etc.
4. Review Your Policy Annually: Because most home insurance policies are renewed each year, you should take the time each year to compare your policy limits to the value of your possessions. You want to make sure that your policy covers any major purchases. You also want your policy to reflect any changes such as renovations, having a baby, or getting married.
A home insurance policy protects both the homeowner and lender’s investestment. Without home insurance, you are at great risk of losing everything as the result of events such as fire, burglary, if someone suffers a serious injury while in your home, and many other sudden disasters. By securing home insurance, you and your family will be able to relax and enjoy making memories in your home.
Chad Joiner’s Farmers Insurance is your Cincinnati Home Insurance Agent.
Chad Joinerhttp://www.CincinnatiChad.com
About the Author
Chad Joiner’s Farmers Insurance servicing Cincinnati area families and individual insurance needs. Helping you understand how insurance as a personal wealth/risk management tool
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High Risk Life Insurance- It Come Down To An Experience Agent
High Risk Life Insurance is generally purchased for two reasons:
1. You participate in hazardous activities or avocations (i.e. scuba diving, rock climbing, vehicle racing, flying as a pilot, etc.).
2. You have a health condition that is hard to insure (cancer, diabetes, heart disease, etc.).
Both of these circumstances mean that you are a higher risk for an insurance company to insure. Because you are a higher risk, your insurance will cost more.
Luckily, there are insurance agencies specialize in higher risk and impaired risk situations.
Just because you have sleep apnea, diabetes, a coronary artery stent, or other serious illnesses, doesn’t mean you should get turned down or be charged significantly higher premiums for whole, universal, or term life. An experienced life insurance agent can help you find higher risk insurance company that will provide you with the benefits and coverage that you and your family need.
An experienced agent with knowledge of higher risk insurance carriers will help you survey potential providers to find the best high risk insurance companies and higher risk life insurance rates.
Most insurers use mortality tables based on 30-year-old data (mortality tables are used to determine rates). Luckily, a handful of others employ “clinical medical underwriting”-an underwriting philosophy which takes into consideration the latest medical advances and lifestyle choices that allow people with health problems to live long lives. This is great news for an insured that has applied with a local agent that may not specialize in risky insurance situations. If you are deemed a high risk to an insurance carrier, you need to deal with an insurance agency that specializes in high risk situation. You agent will be able to discuss possible carriers that will insure your case based on the finding of your interview. Call an agent that specializes in high risk life cases.
Life Carrier Direct was created to provide a “Term Life Insurance Comparison Marketplace” where we can empower consumers by choice and comparison with top Life Insurance Carriers to find the right term life policy in a way that is easy and affordable. We embrace the latest technology available in the industry so that we can get the results consumers need with speed and efficiency
Please visit Http://www.lifecarrierdirect.com to speak with an agent about obtaining quotes for high risk insurance.
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Questions to Ask Your Small Business Insurance Agent When Purchasing General Liability Insurance
Commercial General Liability Insurance is one of the most commonly purchased types of small business insurance. But many small business owners still have lots of questions about what it is, why it’s needed, and how it works. Here are answers to the top five questions we hear from our small business clients about general liability coverage.
1. What does general liability insurance cover?
General liability insurance covers claims of bodily injury or other physical injury or property damage. In the event of a covered lawsuit, such policies will typically pay for a legal defense as well as compensatory, general and punitive damages.
A typical general liability insurance policy covers:
– Bodily injury and property damage liability: If a visitor is injured on your premises, or you or your employee injures some or damages property on your client’s premises.
– Personal and advertising injury: Certain offenses you or your employees commit in the course of your business, such as libel, slander, disparagement or advertising copyright infringement.
– Medical expenses: Applicable medical costs if someone is injured and needs medical treatment due to an accident on your premises.
– Premises and operations liability: Bodily injury and property damage sustained by others at your premises or as a result of your business operations.
– Tenant’s liability: Claims of damage due to fire or other covered losses caused by you to premises that you rent.
Please note that this list includes typical coverages afforded under some policies. Be sure to examine your own policy carefully for any exclusions, limitations, or any other terms or conditions that may affect your coverage. The terms and conditions of your policy will prevail.
2. Why do I need general liability insurance?
Even if you don’t expect to ever face a claim, General Liability Insurance is a smart, inexpensive investment in your company’s future. Accidents do happen, and people who are injured or whose property is damaged will expect compensation. Although such accidents may be no fault of your own, you’ll still be held financially responsible for them, and it only takes one such incident to break the bank for most small businesses.
In the event of certain types of lawsuits, even if you feel you’re not at fault, you’ll likely spend a hefty sum trying to prove it in court. For covered suits, general liability insurance pays for a legal defense and any settlement award, up to the limits specified by the policy.
Additionally, many client companies will have contract requirements that mandate that their business partners or vendors carry general liability coverage. Such contract requirements protect the client from incurring any costs in the unlikely event that someone or something should be injured or damaged in the course of your business relationship.
If you’re still not sure if you’re one who needs general liability insurance, there’s no cost to speak with an agent or broker for advice and a no-obligation quote.
3. How do I determine how much coverage I need for my business?
Your insurance agent or broker can help you assess the potential liability for your business, which varies depending on the type of industry your business engages in, as well as other factors.
Your location is one consideration, as courts in some states have historically made higher damage awards than those in other states. Businesses in those states may wish to consider carrying general liability insurance with higher coverage limits.
Lower-risk businesses, such as accounting firms or IT consultancies, may feel comfortable with lower coverage limits, while businesses in higher-risk fields, such as construction, may need more coverage. For small businesses with less risk, a combined general liability and property insurance package may be a cost-effective option. Such dual policies are known as a Business Owner’s Policy or BOP.
4. I’m worried that the coverage limits on my general liability policy aren’t high enough. What can I do to be sure I have enough coverage if I get sued?
If you’ve got a million general liability policy, but you’re worried that you’ll be sued and your legal costs and court-ordered settlement could be even higher than million, you may wish to purchase an excess liability insurance policy. What is this type of insurance? Also known as umbrella insurance, excess insurance is an inexpensive way to provide additional coverage when the limits of insurance on an underlying policy are exceeded.
For instance, if you have million in general liability