Four Types of Essential Personal Insurance

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Essential personal insurance is just that — essential for all of us. It’s the ultimate safety net against the financial turmoil that can result from the unexpected. If you’re like most people, you probably don’t give much thought to your insurance coverage until you need it. Then, when you are faced with a loss, you realize your insurance policy didn’t cover everything you thought it did. Even if you’re young and healthy, don’t you feel better knowing you’re not financially exposed if you get sick or hurt? The bottom line is that personal insurance is about security. That’s why it’s important to get the right policies to protect you and your loved ones.

Everyone Benefits From Insurance

It is a fact of life that you can’t predict the future. Nobody knows whether we will be involved in a car accident, get ill, or face any other number of life-changing events. For this reason, it is a good idea to make sure that your family, your home, and your business are all properly insured. It is a great feeling knowing that you are financially covered in case something unexpected happens. Discussing your personal insurance needs with an independent agent can help you determine what level of coverage you require depending on your assets.

Auto insurance is a type of essential personal insurance that all drivers should have.

Essential Personal Insurance

Your family is your most important asset, and while you can’t put a price tag on them, the value of your family is great enough that you should protect it. There are four types of essential personal insurance: car insurance, life insurance, health insurance, and homeowner insurance. A person’s personal insurance needs can vary based on many factors, including age, location, family size, and driving habits.

Contact Prince Insurance to get started working with an independent agent to create your personal insurance package for protecting you and your family.

Best Most Efficient Way to Get the Most Complete Insurance Coverage

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2020 was a wake-up call for most of us and probably left you with more questions regarding complete insurance coverage. Not only do you need to understand your options, but you must also decide what your budget is for each kind of coverage. In addition, there are other factors that you need to consider when deciding how much insurance you need. For instance, if you are young and single, you’ll want to consider developing a personal insurance plan. If you run a business, then you’ll want to make sure you have a sufficient business insurance policy in place.

Access Multiple Carriers

If you’re looking for complete insurance coverage insurance but aren’t sure which company to choose, you might consider talking to an insurance agent. An independent insurance specialist is a professional who can access multiple carriers, allowing them to compare prices and services to find a policy that meets your specific needs. In addition, agents can make recommendations based on your personal needs, such as special coverage for high-value items, a list of approved service providers, and so on.

An agent will work with you to develop your complete insurance coverage.

Complete Insurance Coverage

The insurance industry can be confusing, and there’s a lot of jargon to learn before you can feel confident about your choices.  But it’s worth it to do your homework since the right insurance can provide peace of mind for you and your family.  If you’re looking for a one-stop insurance shop, an insurance agent can get you complete insurance coverage. They’ll work with you to create an insurance portfolio that covers your needs, including home, auto, health, life, business, and more.

Go with the wrong company, and you could be stuck with sky-high premiums or a paltry payout. That’s where Prince Insurance comes in. An agent at Price Insurance can offer you access to multiple insurance carriers. That gives you the best chances of finding the complete insurance coverage that’s perfect for you.

Improving Financial Security With Life Insurance

If you’re like most people, you don’t like thinking about funerals and life insurance, especially since you don’t expect to need it for a long time.  However, it is best to start planning for the future today, especially given the situation with the pandemic. Generally speaking, life insurance provides financial protection for a variety of situations, both sudden and ongoing.  Life insurance helps the family deal with the loss of income and is designed to help those left behind cover expenses like funeral costs and paying off bills or mortgages.

Financial Security in Uncertain Times

The pandemic has sent many into a frenzy over their finances. Many are looking for ways to protect and secure their finances, and rightly so. Life insurance can be an important tool in protecting your family’s financial security. Most people don’t realize it, but life insurance is an important step in protecting your family from the financial uncertainties of life, especially in global crises.

Get some peace of mind during times of uncertainty with the right life insurance policy.

Preparing for the Unexpected

It’s time to face the truth: we don’t know what can happen during a pandemic. Preparing you and your family for the unexpected is the right solution to be the most prudent moving forward. It’s not something anyone wants to think about — but it is necessary to plan for the future of your loved ones in the event of the unexpected. Life insurance provides peace of mind for your family and loved ones by guaranteeing that they will be financially secure in the event of the unexpected.

With all of the potential risks and dangers that exist in this world, life insurance provides a safety net to prepare for the worst. Meet with a trusted agent at Prince Insurance to go over your life insurance options and to receive a quote.

Should Homes Outside the Flood Zone Get Flood Insurance?

Modern condominium interior in Colorado, highlighting the living area and decor covered by condominium insurance

We often hear the question from homeowners living outside the flood zone: “Should I get flood insurance?”  To be safe, the answer is yes: even though you are not required to buy flood insurance, it is a good idea to do so. There are a few reasons why you might want to go ahead and purchase flood insurance in addition to your homeowner insurance.

Flooding is More Common Than You Think

Floods are the most common natural disaster, and the consequences can be expensive. Flood claims still occur outside of major flood zones, making flood insurance a smart choice to add to your home insurance plan. Floods can happen in a matter of minutes, destroying homes and taking lives. Floods cause billions of dollars in damages each year, and unlike other natural disasters like hurricanes, the flooding waters don’t just go away. They recede, leaving behind a big mess that can cost thousands of dollars to clean up. That’s why it’s important to buy flood insurance, even if you don’t live in a flood zone.

Protect yourself financially with flood insurance.

A Separate Policy

Flood insurance is a policy on top of your regular home insurance plan. Flood insurance covers any structural damage to your home and personal belongings. It’s possible to tailor the policy to your needs. Discussing your needs with an agent will ensure that you receive sufficient coverage for your home.

Want to know your home’s risk of flooding? Do you have questions about flood insurance? Contact your Prince Insurance agent. We are here to help you get the flood insurance you need at an affordable rate. We can review your current policies and let you know if additional coverage is necessary. Contact us today for a quote and we can help you get started.

Are Your Recreational Vehicles Properly Insured For Your Next Great Adventure?

There are many types of vehicle insurance, but the one that seems to get most people confused is recreational vehicle insurance. Recreational vehicle insurance isn’t just for boats. In fact, it is for any vehicle that is used recreationally. When you have a recreational vehicle, such as a motorhome, boat, or even an ATV, it’s important to ensure that you have the right insurance in place. If you’re planning an extended trip across the country or just a weekend with family and friends, your recreational vehicle insurance needs to cover the distance you’re traveling.

Are You an Explorer With a Recreational Vehicle?

If the answer to the above question is a yes, then recreational vehicle insurance is essential, especially for outdoor enthusiasts. In the event that you get into an accident, you will have comprehensive collision coverage for personal injury and towing costs. With the right recreational vehicle insurance coverage, you can enjoy the freedom of the open road (or waters) without worrying about getting stranded miles from civilization. But what type of coverage is right for you? That depends on the type of recreational vehicle you own and how you will be using it. Your insurance agent can help you determine what is the best type of recreational vehicle insurance for you.

For those looking to conquer the outdoors in a recreational vehicle, recreational vehicle insurance is a must-have.

Types of Recreational Vehicle Insurance

Recreational vehicles are expensive, and the last thing you want is for your recreational vehicle to get damaged or stolen. Recreational vehicle insurance will cover you for both those possibilities. Recreational vehicle insurance includes the following categories:

  • Boat Insurance
  • Motorcycle Insurance
  • Motorhome Insurance
  • ATV Insurance
  • Snowmobile Insurance

Your Prince Insurance agent is ready to help you determine your needs and find the right recreational vehicle insurance for your situation. Contact the team at Prince Insurance for a quote.

A Few Important Details to Understand About Home Insurance Coverage

Homeowners Associations (HOA) Insurance

One of the more confusing areas of home insurance is figuring out whether your home insurance policy covers certain upgrades and remodeling projects. Home insurance generally covers a variety of situations, but it is helpful to understand what your policy covers and what it may not cover.  This is important to understand before proceeding with renovations.

Talk With Your Agent

If you’ve made improvements to your home, you may be wondering how you can protect yourself from financial losses. Your home is likely to be your most valuable asset, and if that asset is damaged, you can be left with a huge repair bill. If you are thinking of making improvements to your home, be sure to talk to your insurance agent. They can help you find the right home insurance policy to protect against financial loss.

Homeowners preparing for renovations need to be aware of what their home insurance policy covers.

What Home Insurance Typically Covers and Doesn’t Cover

While home insurance is there to cover damage from weather or other unavoidable events, it will likely not cover damage from remodeling. A home insurance policy that includes replacement cost coverage will not pay for items damaged by remodeling, unless the damage is caused by a covered cause of loss, such as a sudden and accidental event.

Replacing deteriorating elements of a home, such as roofing, windows, and HVAC, are typically not covered under a home insurance policy – you will want to check any warranties on these items for coverage. Some companies have coverage riders, which are additional policy provisions that extend coverage to include damage from remodeling. Read your policy to see if this is an option.

If you want to make sure you have the proper home insurance in place, contact an agent at Prince Insurance for information and a quote. A team member can guide you through your home insurance policy, so you can feel reassured that you are properly covered when proceeding with your home remodeling project.

How to Safely Reopen Your Retail Business to the Public

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As we’re all aware, COVID-19 has had a devastating effect on businesses, forcing a large number of stores to close. The business owners who are making it through the pandemic are getting ready to reopen their doors. While a business owner is preparing to reopen a retail business, the safe way to proceed is to follow necessary rules and regulations to help keep themselves, their employees, and their customers safe.

Implementing Safety Measures

For a business owner to reopen a retail business, before all else, they should first look into what laws are in place regarding safety measures for preventing the spread of COVID-19. Depending on the size of the space, there are limitations to how many people can be in your business at a single time. Keep a notice on the door notifying customers how many people can be inside at once, and have them form a socially distanced line outside once the interior has reached its maximum capacity. In most states, it is a requirement for all employees and customers alike to be wearing a mask. It’s wise for shopkeepers to place hand sanitizing stations around the store, particularly for stores where customers touch items regularly. Finally, allow employees to stay at home if they do not feel comfortable coming into work, if they are experiencing any symptoms, or have been in contact with a person who have a COVID-19 diagnosis or symptoms.

Businesses require insurance more than ever, given the risks involved with COVID-19.

Prepare For the Future

To keep employees as safe as possible when you reopen a retail business space, ensure that shared-contact surfaces are cleaned regularly, including carpets and floors. These surfaces should be cleaned as frequently as possible, especially in stores with high traffic. In addition to the COVID-19 safety measures, the right business insurance will protect employees by providing them with necessary liability insurance and workers’ compensation in the event that they fall ill.

If you’re looking for business insurance to prepare to reopen a retail business, contact Prince Insurance for a quote.

Everyone Needs Life Insurance

Life is unpredictable, but life insurance can bring reassurance to the ups and downs of being alive. After all, individual life insurance is an incredible act of generosity. It’s a way to take care of people who are left behind after death. This is an important gift you can give to your loved ones. If you’re considering individual life insurance, here’s what you need to know. From types of plans to the benefits you can expect, the right coverage can deliver peace of mind to you and your family.

Coverage Plans

Term life insurance is coverage you can purchase for a set period of time, like 10 or 20 years. Once this period is over, you have the option to renew your coverage at a higher price or cancel. Term individual life insurance is often less expensive than permanent life insurance. But, the right level of coverage will depend upon your unique circumstances. Sometimes, there are health qualification questions. There are additional investment elements that are important to consider when choosing a policy. Your agent can guide you through the evaluation process and help you understand the implications of a policy. It’s not a bad idea to work with a financial advisor along with a broker to craft a coverage package that works best for your needs.

Make plans to care for your loved ones after you’re gone with individual life insurance.

Benefits of Plans

The biggest benefit of individual life insurance is that it can cover and replace your income if you pass away. If you have a partner that does not or cannot work, or dependent children who would be in trouble if you were gone, then this type of personal coverage is absolutely essential for protecting your family. Some benefits can be used to pay for funeral expenses or other healthcare costs associated with death and dying. This coverage can help pay taxes and debts that you leave behind. It can also act as an inheritance or charitable contribution for future generations.

Individual life insurance is a very personal decision, but it’s a great way to take care of yourself and your family. If you’re ready to explore your options, contact us today. It’s never too soon to get life insurance, and there are plenty of benefits you can enjoy today while you’re still here.

Why You Need Individual Condo Insurance

Stunning home in an apartment building, a symbol of homeowners insurance protection

We always recommend that people get their own insurance, even if a condo association offers insurance. Why? Because it’s better to be safe than sorry. You never know what kind of gaps in coverage the association might have. Instead of risking it, get your own policy to protect yourself and your belongings. If something goes wrong, you’ll be protected with your own policies in addition to whatever the condo offers. Here’s an explanation.

Difference Between Home and Condo Insurance

Home insurance is an umbrella term that covers the type of policy for personal dwellings. But there are major differences between single-family home policies and condo policies. With condo insurance, you’ll pay less than you would for a single-family home policy. That’s because you’re only paying to protect your portion of the building and not the entire thing. Living in a condo means that you have access to common areas. Typically, the association will have coverage for those areas (like a slip and fall near the pool). But if people get injured in your apartment, you will be liable. Condo insurance is a great way to protect yourself from these types of situations. You also need coverage for your personal possessions. If you have a storage locker outside of your unit, make sure to tell your insurance agent to include it in the coverage.

Protect your condo with condo insurance—you need coverage to complement the association’s policies.

Individual Condo Insurance vs. Condo Association Insurance

You need extra insurance for your specific unit to cover your personal belongings. The association’s coverage doesn’t include personal items. It probably only covers common areas, as mentioned, as well as protection against liability for accidents that happen on common property. If an accident happens in your condo, you could still be liable. This means personal injuries as well as damage to belongings, theft, vandalism, flood, or fire. To craft a great policy for you and your condo, you should contact your condo association to learn more about what they cover. Then, pick up the phone and speak with our team at Prince Insurance so we can help you fill in the gaps. We recommend people always have their own coverage to complement existing general coverage.

Get a quote today and enjoy peace of mind in your condo tomorrow.

When Farm Auto Insurance is Essential

Farms require a lot of specialty equipment. This means that you might need special coverage to protect your assets in case of damage. Farm auto insurance is the best way to protect equipment like tractors, farm trucks, and personal vehicles used on the farm. Farms are extra vulnerable to disruption because crops and animals need consistency. To get the most out of your business, get insurance that protects your assets so that you can keep showing up at work for the people and things that need you.

Understanding the Plans and Options

Similar to auto insurance, farm auto insurance offers several types of coverage options. You can get coverage for collisions and defense against uninsured motorists. You can get personal injury protection and a layer of coverage for specific farm vehicles. There’s even something called gap insurance, which can help you cover the amount you might owe on a new car if you get in an accident. From medical payments to liability coverage, farm auto insurance is the solution for protecting your wheeled assets and yourself on the farm. The right package for you will depend upon your specific risks and needs. An agent can help you evaluate your options.

Farm insurance
Protect your farm with coverage for all your assets.

Types of Vehicles That Will Need Coverage

It’s important to understand the difference between plain old auto insurance and farm auto insurance. The latter is all about protecting vehicles that primarily live and work on a farm. This could include a truck, a mower, a tractor, or even a consumer automobile that’s used around the property for farm-related tasks. Farm auto insurance also protects you from liability and outside drivers who enter your farm property with their vehicles. Speak with an agent who can help you take stock of the machinery and equipment that would qualify. Together, you can assess your needs as a working farm and select coverage to defend your most important assets.

Contact Prince Insurance to learn more or get a quote. Our friendly associates are ready to help you craft a coverage plan that makes you feel great.