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Archives: 2022

5 Pitfalls to Avoid When Choosing Disability Insurance

Disability insurance serves a critical role in your health and welfare should you become very ill, incapacitated, and need special care in the future. However, when choosing a disability insurance policy, you must be careful to avoid four pitfalls: 1. Benefits could cancel each other. Group insurance policies, such as those provided by an employer, may subtract your benefits from a group disability policy, including...

How to Use a Fixed Annuity for Retirement Income

A fixed annuity works to create income stability during retirement. These insurance contracts are designed to pay the owner a guaranteed interest rate, rather than being subject to changes in the market and interest rates. These insurance policies are purchased with a lump sum, or paid for overtime, with a guarantee from the insurance company that the account will earn an unvarying interest rate. The...

Commercial Umbrella Insurance 101

Business owners put general liability insurance in place to protect against the excessive financial costs of defending claims and lawsuits. Umbrella insurance is designed to provide coverage above the limits of business liability insurance policies. This insurance takes over when your liability insurance limits have been reached. Businesses, no matter how carefully they manage their operations, can be named in several types of lawsuits. A...

Motorcycle & Boat Coverage During Winter: Laid Up vs. Canceling

Unless you live in one of our warmer states, you will need to winterize and store your boat or motorcycle during the winter months. You have several options, including canceling your insurance, reducing the coverage, or increasing the deductible. What is Lay-Up Insurance? “Lay Up Insurance” is offered by insurance companies serving the northern states, where riding a motorcycle or boating over the winter is...

Does Car Insurance Cover Hail Damage?

We’ve all experienced it at some point. Dark gray clouds form ominously above. Thunder rumbles and lightning claps. Rain falls in heavy sheets. And then, the sky opens for Mother Nature’s angry ice dispenser. Ranging from the size of a pea to the size of a grapefruit, these ice stones can wreak havoc on fields, livestock, buildings and homes. They can also total—yes, total—a vehicle...