​Life Insurance is essential for every adult, especially this 2020. As many more people are living independently or starting their own family, financial liabilities start piling on top of each other. Luckily, finding the best life insurance doesn't have to be a burdening task for you and your finances. 

​Managing a business involves a lot of risk and uncertainty, and different factors can affect how it operates. Such risks can include natural disasters, litigation issues, up to problems in the workplace. Here are the different types of business insurance you'd want to consider for your business.

​Anyone owning a home should have home insurance, regardless of the size of their house. There are a lot of benefits to it, especially when it comes to overcoming unforeseeable events. Home insurance can mitigate severe financial losses when something happens. Here's a quick guide to help you look for insurance for your home type.

Home insurance is an essential part of home ownership and is a cost usually considered as part of the regular maintenance and protection of your home.  In most places it is also required by your mortgage lender, but how much home insurance do you really need?  The minimum coverage may suit some homeowners, but most need additional types of coverage that the minimum polices do not include.  So, what are the types of coverage home insurance policies typically provide, and how do you determine how much home insurance you really need?
 
Do I Need Disaster Insurance?
 
While disaster insurance that covers natural occurrences such as floods, earthquakes, and hurricanes can be expensive, if you live in an area where these types of events occur frequently the cost of replacing your home will certainly far exceed the cost of the insurance.  In the case of disaster insurance, it is a matter of balancing risk, financial situation, and peace of mind.
 
Do I Need Additional Content Insurance?
 
While most basic homeowner's policies include content coverage, the amount of this coverage and the cost of the deductible may not be appropriate for your particular situation.  If you have a number of valuables, such as jewelry or rare items such as antiques, your basic coverage will not protect these in case of theft or damage.  On the other hand, if you have few belongings, choosing a policy with a high deductible to save money may not be worth it, as the value of your items may not be much more than the deductible itself.
 
Do I Need Theft Protection?
 
Again, most basic home insurance plans do not offer extensive coverage for loss from theft or damage due to a break-in.  If having the peace of mind that comes with this kind of protection is important to you, then this additional coverage will definitely be worth the cost.
 
Do I Need Liability Coverage?
 
If you have a home-based business or own a condo, having homeowner's liability insurance is important.  If a client had an accident on your property or your negligence caused damage to a fellow condo owner's property, liability coverage would protect you from the potential costs associated with this, including legal costs.
 
Seeking the professional advice an insurance expert can help you determine how much home insurance you really need.  

If you have just purchased a new car you have probably already obtained car insurance, but is your current coverage enough?  New cars are a considerable financial investment, and in most cases your car insurance will not cover the full replacement cost of your vehicle should you be involved in an auto accident.  Gap Insurance can make the difference in ensuring that your car is protected and will be replaced if involved in an accident, but is it right for you? 

​Here are some facts about Gap Insurance and whether it is an option that you should be considering.
 
What Is Gap Insurance?
 
Gap Insurance is auto insurance that covers the costs that are not covered by your regular auto insurance policy; namely, it covers the difference between the market value of your car and the outstanding loan amount on your new vehicle.  The moment you drive your car off the lot it loses value, and if you are concerned that you are not able to cover the difference between the amount your insurance company will give you and the amount you owe, Gap Insurance may be right for you.
 
When Should I Get Gap Insurance?
 
Gap Insurance is always a good idea if you purchase a luxury or very costly vehicle.  Most cars depreciate in value up to 20% the moment you drive them, so the more your car is worth and the more you owe on your vehicle, the more sense it makes to get Gap Insurance.
 
Finding The Gap Insurance Policy That Is Right For You
 
Like all insurance policies, not all Gap Insurance is created equal.  Before purchasing a Gap policy, it is important to know what to look for and how it compares to your existing policy.  Most car dealerships offer Gap Insurance as part of their up-sell package, but in most cases this policy will cost you considerably more than if you were to get it from an insurance company or broker.  Also, be sure that your existing policy does not already offer Gap Insurance.  Another important consideration is making sure that your Gap coverage covers not only the difference between your car's value and loan amount in the case of an accident but covers theft and damages due to vandalism and natural disaster as well.
 
For most car owners, Gap Insurance is not necessary.  But if you own an expensive car or are concerned about paying an outstanding loan amount should the worst happen; Gap Insurance is probably right for you.

​Auto insurance often seems like an unnecessary expense, but it serves a useful purpose. This is especially true if you've found a reliable insurer who can shield you against any financial losses because of accidents and natural disasters. Here are practical ways for you to find dependable auto insurance.

​Think home insurance is just for homeowners?  Protecting your personal property and ensuring costs are covered should fire or flood destroy your rental property is not only smart, but in most cases your legal responsibility.  So what kind of insurance do you need as a rental tenant and what should you be sure you have covered to protect your belongings?
 
What Does Renter's Insurance Cover?
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Depending on where you purchase your renter's insurance, the types of claims that will be covered can vary.  In general, renter's Insurance coverage is similar to that of homeowner's insurance in that it covers natural disaster and acts of nature, vandalism and theft, and fire.  In most cases this also includes personal liability, meaning that you are covered even if you are the cause of the damage, and it usually includes not only the property itself, but the contents as well.  The extent of the coverage can vary from minimum legal coverage to comprehensive coverage, depending on your personal situation and needs.  Since the minimum coverage required in each state or area can vary, you will need to contact your insurance agent to learn the situation in your area.  They can also help you find a policy that is right for your situation and budget.
 
What Does Renter's Insurance Cost?
 
Like most insurance policies, the more comprehensive the policy, the more costly it will be, but overall, renter's insurance is usually a very affordable type of insurance.  In most cases it will cost you less than $50 a month.  One option that will always make homeowner's or renter's insurance more affordable is to combine it with another type of insurance, usually car insurance.  Most insurance companies have these types of combined policies available, and since these are two types of insurance that you are required to have anyway, combining them to save money is a great idea for making insurance more affordable.
 
Contact one of our Insurance Advisors for more information.