Should I get a life insurance for my child even if I have one through work?

Nobody likes to think about life insurance, and why we might need it, especially for children. But there are several advantages to having a life insurance policy to cover your child, with some policies even offering a cash payout. At Busick Insurance Agency LLC in Orleans, IN, we can help you learn about the different kinds of insurance to make sure you have everything you need.

Many employers already offer a life insurance policy to all their employers, including discounted coverage for families. However, those policies may not be enough.

They may be limited in the amount of the payoff. More importantly, since they are tied to your job, you will probably lose all those life insurance policies when you leave that job. At that point, it may be more difficult to obtain a policy at those prices. Prices for life insurance policies go up, often significantly, when people get older and when they discover health problems.

The insurance your employer provides may not even be your cheapest option, but the only way you will find out is if you explore your options. You may want a term life insurance policy, which can be tied to your policy and save you money. Or you may want a whole life insurance policy, which will pay a face amount. These accounts can be more expensive, but they also include a monetary amount which will be available to your child at a later date.

If you want to discuss all your life insurance options, including which kind of life insurance would be best, call Busick Insurance Agency LLC in Orleans, IN today. We will be happy to sit down with you and answer any questions you may have.

What You Need To Know About Business Insurance

Having a company in beautiful Orleans, IN means buying an insurance policy that adequately covers you and the firm. Calling the professionals of Busick Insurance Agency LLC is the obvious course of action you need to take. Here are two things that you should know before contacting an agent. 

Business insurance is encompassing of a few things

Your average auto insurance plan only deals with the vehicle. Business insurance, however, is different in that it includes aspects relating to workers’ compensation, property damage, and general liability in the instance of a customer being injured while on the premises. 

The size of your company along with the number of workers and type of business you conduct are all factors that determine how much insurance is needed. Indemnity companies may also use the area in which your company is located to weigh the risks and decide your premiums. There is no universal solution when it comes to business insurance. Every plan must be meticulously crafted to satisfy the needs of the company. 

General liability, commercial, and business interruption coverage are necessary

General liability insurance covers accidents, injuries, and negligence claims from either customers or employees. You can save thousands on payouts and legal fees by having an acceptable amount of general liability insurance that lightens a load of financial responsibility when incidents occur. 

Commercial property insurance is another plan that your company needs. This type of indemnity pays for damages to the brick and mortar structure of your business when things such as fires and severe storms ravage through town. Company owners in Orleans, IN should make sure that they have the right amount of commercial insurance since tornadoes are somewhat common before winter months. 

It may also be a good idea to obtain business interruption coverage. This insurance add-on makes up for the revenue that your company would have made when the structure is severely damaged or destroyed. A business interruption plan spares you the trouble of dipping into your company’s savings to keep things afloat during the rebuilding process. 

The representatives at Busick Insurance Agency LLC can help you map out the best indemnity policy for your business in or around Orleans, IN. Call us today to schedule an appointment!

Is Minimum Liability Coverage Enough for Your Auto Insurance?

When shopping for auto insurance in the Orleans, IN area from a reputable provider like Busick Insurance Agency, LLC, most will always start with the minimum coverage required by the state. While picking up the cheapest policy might allow you to register your vehicle, it won’t necessarily protect you from the high cost of living.

Not Every Accident is a Fender Bender

While your basic auto insurance policy provides some liability coverage that will pay for some repairs to another vehicle and the other driver’s medical bills, it does have a limit. However, if you are involved in a major accident that results in both cars being totaled and major injuries, your policy might max out and you can be left holding the bill.

Fancy Cars Require Expensive Repairs

Even if it is just a fender that needs to be fixed, if all your neighbors are driving luxury vehicles, it doesn’t take much to eat up that maximum limit on your basic policy.  If you extend your minimum and maximum coverage, there is a better chance that the vehicle you damage will get fixed with little effect on your savings account. That is what insurance policies are all about, after all.

Can You Afford to Pay the Difference?

Now, maybe you would be able to cover the cost of a repair that added up to a few thousand dollars. But what if the damage to the other car and their injuries totaled well over $80,000? Indiana law requires that your policy only pays for the first $50,000. Where is that other $30,000 going to come from? By talking to your Busick Insurance Agency, LLC representative in Orleans, IN, they can help you find the policy that will fit your situation and ensure that you can continue to enjoy your lifestyle without blowing the budget.

Contact our agents to learn more about an auto insurance policy and try our online rating tool for quotes.

How a Home Remodel Could Help Save on Home Insurance

Protecting your home, and everything inside is a matter of utmost importance. We keep our entire lives in our house. Our homes keep a roof over our loved ones and protect our memories and things that make life more enjoyable day to day. It makes sense then that we would want the best home insurance available but would also like to save money if possible. The home insurance experts at Busick Insurance Agency LLC, serving the residents of Orleans, IN, understand and want to help. Below, we take a closer look at how a home remodel could help to save on home insurance.

Remodeling Your Home

Home insurance policies and premiums are based on how much it would cost to replace or repair broken or damaged items within your home. If your home is in good condition or is newer, then the chances of having something break are much less than on an older home that is in disrepair. There are several specific updates to your home that can significantly alter the premium cost. The biggest factor is updating your roof. Having a newly installed roof can save a great deal on your premium. The roof protects your entire house, so it makes sense that you want this part of your home to be in tip-top shape. The same can be said for windows too, which helps to protect your home and minimize the risk of damage. The last upgrade that can make a big dent in your home insurance premium is updating the plumbing and wiring if you have an older home. Having updated wiring can minimize the chance of an electrical fire, and up to date plumbing means there is less of a chance for a flood if pipes break.

Knowing the ins and outs of home insurance can result in having a better-protected home for a lower premium. If you have specific questions or are looking to add a new insurance policy look to the experts at Busick Insurance Agency LLC, serving Orleans, IN. Feel free to visit our website homepage to learn more about how we can help you with home insurance.