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Having a qualified insurance agent like the professionals at Leap / Carpenter / Kemps Insurance Agency perform an annual review of your personal insurance is an easy, no-cost activity to add to your annual fall cleaning list. We do these annual reviews for many clients. Some don’t need any additional coverage. For others, we recommend adjustments to their limits or deductibles, up or down, to reflect changes in their home and family circumstances. We offer all types of insurance from more than 60 companies, so whatever you need, we can provide.
Below we list some of the types of personal insurance you may not currently have, but could potentially benefit from. Additionally, we have included some of our top fall safety tips to keep you and your family safe this season.
Major life changes are always logical reasons to re-visit your personal insurance coverage. This can include the purchase of an expensive item, such as a new vehicle. Your needs change as your situation changes. Reasons to have a look at your protections include:
You have sent a child to collegeHere are just a few of the scenarios in which adjusting your personal insurance coverage can provide specific protections to you and your family.
Term Life Insurance can provide your family with financial security should you or your partner lose a job. As the name suggests, Term Life Insurance is provided for a specific term — usually a limited number of years. As a result, it's a relatively low-cost way to protect your family. Life insurance can be used to pay off a mortgage, pay outstanding bills or be used as future income.
Life insurance can provide your family with financial security by providing the financial resources should there be a loss of a breadwinner. Term Life Insurance is a low-cost way of providing coverage for your family. Protection is provided for a limited number of years. Life insurance can be used to pay off a mortgage, pay outstanding bills, or be used as future income. Term life insurance is very cost-effective; however, your situation may require a whole life or universal life product. Our team can meet with you to determine what life product best fits your family’s needs.
Toy InsuranceWith winter approaching, you may have recently purchased a snowmobile. Did you know every snowmobile needs to be added to your personal insurance policy? We offer affordable personal liability and collision coverage to protect your “new baby.”
We probably don’t need to tell you our part of the country has seen an increase in earthquakes. Most homeowner’s insurance policies exclude earthquake coverage. If you suffer financial loss from an earthquake, you will want the backing and support of earthquake insurance.
Sometimes you know a family member is going to need assistance with daily living due to advanced age or illness, and sometimes it’s a surprise. Either way, you’ll want Long-Term Care Insurance in place, because long-term care is very expensive. The Alzheimer’s Association estimated end-of-life care costs in 2016 were between $217,820 and $341,651. Long-term insurance can cover the cost of nursing care, assisted living, adult day care, in-home care and home modification.
Personal Umbrella Insurance is not just for the rich. Even a relatively small lawsuit can lead to tens of thousands of dollars of expenses. A personal umbrella policy can go over your home insurance, auto insurance, RV insurance, motorcycle insurance and more. It can also cover catastrophic and morbid claims such as your neighbor’s child drowning in your pool.
If you own a collector or vintage car, you should have Collector Car Insurance coverage. Insurers specializing in this kind of coverage offer very good rates. Classic cars generally include vehicles over 20 years old, exotic cars, muscle cars, sports cars and collectible cars.
Individual Disability InsuranceHere’s a statistic to think about: more than one in four 20-year-olds will experience a disability in some form or another, for at least 90 days or more, before they reach the age of 67, according to the Social Security Administration. Individual Disability Insurance can supplement a plan offered by your employer. If your employer doesn’t provide disability insurance, it’s even more important to protect your family with your own insurance. A typical individual disability plan pays benefits after you have been off work for 1 to 6 months, and pays benefits for several years or until retirement age, depending on the coverage and policy.
As we move into a new season, it is important to remember to get your home prepared for the fall and winter. While most Californians do not have to deal with crazy winters, we do need to be prepared for high wind and some level of rainfall. Perform these safety checks yourself or hire someone to help if needed.
Don’t forget to include these safety measures and an annual review of your personal insurance as part of your fall task list. Contact one of our insurance agents, answer a few questions about your situation and we’ll advise you on what you need and what you don’t. For example, the Term Life Insurance discussed above is very cost-effective, but you may need a whole life or universal life product. We’ll explain the differences to help you decide.
Our wide range of personal insurance products includes home, auto, umbrella, ATV, renters, flood, earthquake, boat, travel, individual health, motorhome, and condominium insurance.
Leap / Carpenter / Kemps believes that insurance programs are not cookie-cutter solutions — every person has different coverage needs. So we look at every individual’s situation carefully before making recommendations.
The wide range of insurers we work with ensures we can get you the best possible combination of coverage, price and service.
Give us a call today and let us help with your fall cleaning!
