Motorcycle insurance works very much like auto insurance in that it provides you with many of the same coverages. Whether you have a sport bike, cruiser, moped, touring bike, or standard ride, we can help with affordable insurance rates and great coverage. Motorcycle insurance coverage benefits you, your bike, and others on the road.
unspecified
Being in an auto accident can happen to anyone and it can be very scary when it happens. Below is a list of what the insurance carriers will need to know after an accident happens and an infographic of how to stay safe when it does.
Q. I’ve been in an auto accident – what now?
A. Start by reporting your claim to Gnade or your insurance carrier.
They need to know:
• When the accident occurred
• Where the accident occurred (be as specific as possible)
• How the accident happened
• What kind of vehicle or vehicles were involved (including the year, make, and model)
• A description of the damage on each vehicle
• The names and contact information of people involved in the accident
• The extent of any injuries to people involved in the accident
• The names and contact information of anyone who witnessed the accident
• The name of the law enforcement agency that responded and the police report number, if police were contacted
unspecified
Visit our website for information on auto insurance or call us.
The holidays are exciting, but it is always good to remember safety. You don’t want anything to ruin your Thanksgiving! Here are 5 simple ways to stay safe this Thanksgiving.
As a small business ourselves, we are very passionate about sharing the importance of Small Business Saturday. We also want to help our fellow small businesses in downtown Frankfort and spread the word about them as well! We are all living and thriving in the same community, so we feel even more passionate about shopping small!
Here is a list of local Frankfort businesses that you could shop at.
Small Business Saturday is November 27th, the Saturday after Thanksgiving. American Express founded this day in 2010 to help businesses get more customers, and it has grow bigger every year since. If you’re a small-business owner, this could be a beneficial day for you. Below are some tips on how to make the most of Small Business Saturday for you.
Click Here to Learn How to Make the Most of Small Business Saturday
Turning 65? Find peace of mind and let us guide you through the Medicare process.
In this video Gary Gnade explains some of the topics one of our Medicare experts can help you on.
Everyday life is expensive. Between the mortgage, college, food, car payments, and everything else – it all adds up. So help your family and plan ahead of time with Life Insurance so they can continue their lifestyle after you are gone. Watch this short presentation to learn more.
According to the 2015 Insurance Barometer study conducted by Life Happens, 80% of consumers misjudge the cost of term life insurance. Respondents gave a median estimate of $400. Millennials put it at $600. The actual price is about $160 annually, which averages to about $13 a month.
If you’re a stay-at-home parent, life insurance is still important. You may not bring in an actual paycheck for the household, however you likely provide services that could cost tens of thousands of dollars to replace each year. These may include child care, daily transportation, home maintenance and cooking, to name a few. If you were to pass away, life insurance may help cover some of these costs.
Even if you don’t have the biggest paycheck in your household, your family still relies on your income for day-to-day operations. Unless your family would have that extra income to spare, you need coverage on both spouses.
Like many industries, the world of insurance has its own unique set of terms to describe its products that can be hard to understand unless you work in insurance. This is funny because everyone needs insurance, so why not make it easier to comprehend? To help you understand the information included in a life insurance policy, we’ve gathered some basic terminology in this easy-to-reference overview.
Term Life Insurance
Term life insurance is a standard insurance policy that provides coverage for a specific period of time. This means if you don’t die within the term, your beneficiary doesn’t get the death benefit and the policy expires. You can select the term that works best for you, and common lengths for term life insurance are 10, 20, or 30 years. One of the challenges for people who purchase term life insurance is deciding how long the policy should last. You may want to have the policy last until you retire or as long as your youngest dependent will need financial support.
Whole Life Insurance
Whole life insurance covers you for as long as you live (as long as premiums are paid on time), at a locked-in rate that won’t increase as you age or if your health status changes. It may also build “cash value” over time, which is money that gets set aside with each payment you make, like a nest egg for the future.
Universal Life Insurance
Universal life insurance is a form of permanent insurance, meaning coverage can last for your lifetime as long as premiums are paid. This can be purchased by individuals but is also regularly offered by employers as group universal life insurance.
Variable Life Insurance
Variable life insurance is a permanent life insurance policy with an investment component. Coverage will remain in place for your lifetime so long as premiums are paid. Every variable life insurance policy has three primary components: Death benefit, Cash value, Premium. Every time you make a premium payment, a portion of it goes towards the cost of insurance and insurer’s fees. This is the money that essentially pays to keep the death benefit in place. The remainder of the premium goes towards the policy’s cash value, which is similar in structure to a brokerage account. The cash value can be invested in certain securities (often called sub-accounts) which resemble mutual funds.
Beneficiary
The person or party named by the owner of a life insurance policy to receive the policy benefit.
Contingent Beneficiary
The person to receive proceeds of a life insurance policy if the primary beneficiary passed away before the insured.
Cash Value
The savings element of a permanent life insurance policy, which represents the policy owner’s interest in the policy.
Convertible Term Life Insurance Policy
A term life insurance policy that gives the policy owner the right to convert the policy to a permanent plan of insurance.
Dividend
A return on part of the premium.
Face Amount
The amount of the death benefit payable under a life insurance policy.
Insured Life
The person on whose life the policy is issued.
Permanent Life Insurance
Life insurance that provides coverage though the insured’s lifetime and also provides a savings element. Also known as whole life.
Policy Anniversary
As a general rule, the date on which coverage under an insurance policy became effective.
Premiums
Amount paid to the insurance company to buy a policy and keep it in force.
Renewable Term Life Insurance
A term life insurance policy that can be renewed at the end of the policy term.
Here is a video from Life Happens to help explain Life Insurance and some of the terms.
Interested in getting a Life Insurance quote or learning more? Visit our website.
It is summer and everyone is home, so many people installed pools! Why not? It is great for family fun, be outside, and stay active. Having a pool can affect your Homeowner’s policy. Damage to your pool would be covered under the “other structures” portion of the policy. Most homeowners policies automatically have a certain percentage of the primary dwelling coverage for other structures. It is a good idea to call to verify your policy has enough coverage for your pool along with any additional detached structures you might have.If you’re adding a pool to your home, please let us know, since your insurance company may not cover a claim if they aren’t aware of it. You’ll have liability coverage for injuries sustained because of the pool. Liability coverage helps cover bodily injury, medical expenses and legal fees.For example, if a windstorm caused a tree to fall on your pool or blew patio furniture into your pool and tore the liner, your homeowners policy can help cover the costs to repair or replace the damages.
Another fun family activity, especially for the kids, is having a trampoline in the backyard. The statistics show that having a trampoline increases the likelihood that someone will be injured on your property. Therefore, it increases your chances of having a liability or medical payments. A trampoline is similar to having a pool or a playground, there can be a chance of someone getting hurt. These types of items are very attractive to kids in the neighborhood. The more kids or people on your property, the greater the likelihood that someone could be injured on the property. This increase in risk is something you should talk to your agent about adding extra coverage to your homeowners insurance policy.
There has been an adoption boom in cat and dogs during quarantine because everyone is home. It is great for all those homeless animals to find forever homes, but a lot of people do not know that having a dog may affect your homeowner’s policy.
Dogs are one of the most common pets, and they can also be the riskiest. According to the Centers for Disease Control and Prevention, more than 4.5 million people suffer dog bites each year. Many homeowners insurance policies cover dog bites and other incidents. Your policy’s liability insurance is intended to protect you financially by covering medical expenses if someone is injured on your property. A liability claim can come from any breed. Your insurer could have statistics that may inform its decisions about your homeowners policy.
A positive spin on being stuck at home so much is all the home improvements people are doing! However, if anything results in an increase in rebuild cost of more than $5,000, you should let your agent know. You may run a risk if the limits on your homeowners insurance policy aren’t high enough to cover the increase in your home’s reconstruction cost after a home renovation. Before construction begins, you may want to ask your agent whether your existing homeowners policy should be updated. Insurance Journal says that it often makes sense to incrementally increase your coverage limits as the project progresses. If it’s a major project — you’re adding on a new room or finishing your basement. If you plan on a do-it-yourself project and expect to have friends or family lending a hand, you should also check that your own liability coverage is up to snuff.
What car you drive, where you live, and your driving history are all determining factors of your Car insurance rates. It also includes how much time you actually spend traveling. If you don’t have a commute, that’s a lot less time on the road which translates into a lot fewer chances to get in an accident. Some insurance companies have caught on and now offer special telecommuter rates. And even if your auto insurance company doesn’t, it’s worth calling us to let us know about the reduced number of miles you’re now driving if you work at home.
If you have any questions or concerns about your personal insurance policy, contact us and we can help you. Visit our website to call us at 815-464-8800.
