A Primer on Life Insurance

Life insurance protects your loved ones in the case of your sudden death. The Insure It All policy pays out a specific amount of money to the beneficiary that you name when you pass away. The money provided can pay hospital bills, funeral costs and provide money for the future cost of living expenses for your family members.

Who Should Buy Life Insurance?

If you are just starting your career and you are young and have no dependents and no assets yet, you may just want to get a small insurance policy through your work if it’s available. That should be enough to cover your burial expenses in the event you die.

After you get a bit older in Ammon, ID and are making more money in your career, you should consider getting life insurance, especially if you have a child or a spouse. When you die, your family will need the money for their expenses so they are financially taken care of without your salary coming in to pay bills. This is also true if you have guardianship of a younger spouse or relative.

Term Life Insurance

Term life insurance typically has less expensive rates than whole life insurance. Term life insurance is for a certain term or number of years. You simply choose the term at a set price. Most commonly, people choose a 5-, 10- or 20-year policy. If you are still alive at the end of the term, you can simply purchase another term life policy.

Whole Life Insurance

Whole life insurance policies are cash value policies that you purchase once and they last until you die. Cash value is seen as an investment because you can withdraw money out of the policy or borrow against the amount while you are still living.

Our staff at Insure It All can help you to decide which type of life insurance is best for you. You can call us or come by the office to speak to a knowledgeable agent in Ammon, ID.

Pets and Home Insurance: What Damage Does It Cover?

Being a pet owner in Idaho Falls, ID is often a rewarding experience but can be frustrating if your pet has destructive urges. At Insure It All, our customers often come to us with home insurance policy claims for dog damage and ask “can you cover this?”

Well, let’s get the bad news out of the way right away. In most cases, your home insurance will not cover damage to your home caused by pets. For example, if your pup chews through the wood surrounding one of your door frames, that damage is not covered by your policy. Most policies will also not cover personal property damage, such as a broken television.

The reasons for this lack of coverage are simple to understand. First of all, personal property insurance is designed to go into effect when devastating and unpredictable events – such as a fire – happen. A dog chewing your rug is considered typical damages and something to which you contributed simply by owning a pet.

This situation is often referred to as “known risks,” which means that you take on the risk of damaged carpets simply by owning a pet. Therefore, the damage they cause to the home is something that you understood simply by owning the dog. However, there are situations in which your liability policy will protect you from the actions of your dog.

For example, if your pet bites a friend or destroys somebody else’s property, then your liability coverage will protect you by paying for those damages. It might seem strange that insurance will pay for damage to somebody else’s fence or home – and not your own – but that’s the purpose of liability coverage. These policies are designed to protect you in instances when you are liable for damage to another’s property or person.

And as the pet owner, you are considered liable for any injuries that they cause. So if you are confused about the differences in coverage and own dogs, please don’t hesitate to contact us at Insure It All to get coverage in the Idaho Falls, ID area.

Why Is Commercial Insurance Important for Your Business?

Commercial insurance is one important investment any business can make. Such policies will protect your business against severe loss when it comes to your financial health. Such incidences may be critical to a business since they may the difference between staying afloat and going under in an event a lawsuit has been filed.

Therefore, every business needs commercial insurance to cushion it against such claims and lawsuits. The reality of the matter is; you never know what might come up.

Drive worry-free by investing in the right commercial companies from professionals such as Insure It All. This way, when something happens, you will be prepared. Are you still not convinced? Read below to understand why this is the right choice for your business.

Accidents Can Happen Anywhere

Anything can happen in your business. Anyone living in Idaho Falls, ID can attest to this. And indeed anyone in the world. Can you be sure that no one will slip while coming up your stairs or trip over a cable and fall in your business? Have you ever thought what will happen when a person is hurt in your business premise? Odds are you won’t have enough money to cater for the medical bills.

Commercial insurance will take care of such expenses. With this insurance, your business will cover the medical bills and any other expense that may accrue.

Disasters Strike When You Least Expect It

While this may never happen, and we truly wish it doesn’t befall you, catastrophes may strike and will hit when you least expect. How will you take it when you drive up to your business one day only to find the door smashed and all your business property is stolen? What if you wake up to the news that your business went up in smoke? You will suddenly be ambushed with thousands of dollars in expenses.

Commercial insurance will easily cover such losses. You will not have to stress over such instances. All you need is to get an insurance cover for your business and you will be ok. In case you are in Idaho Falls, ID and you need more information on commercial insurance, contact your local professional such as Insure It All to help you through.

Factoring in Insurance When Purchasing a New Car

If you are like most people you are on a budget. That budget is important in all of your minor and major life purchases. A vehicle is definitely a major life purchase. If you are looking purchase a new vehicle there is more to consider than just the sticker price at the dealership. Your insurance premium will be a major part of your overall vehicle cost. Here are a few things to consider. 

The Age of the Vehicle

The age of the vehicle will have a huge impact on the insurance rates. If you are looking to buy a brand new car, then you are going to pay more in insurance premiums. Used, even slightly used vehicles will have drastically cheaper insurance rates. This is one reason buying a used car is usually a better option for your budget. 

The Type of Vehicle

Different types of vehicles will require different rates of insurance. For instance, a sports car will not have the same insurance rates as a minivan. You will want to do your homework ahead of time to make sure you can afford the insurance on the type of vehicle you are considering. Getting surprised after purchasing your vehicle is not a good feeling. Prepare yourself ahead of time with the information you need. 

Overall Price

The cost of your vehicle will be the car payment, plus insurance. Many dealerships also offer gap insurance which will cover any remaining costs should the something happen to the car and your insurance does not cover the full amount of what you owe on the car. Gap insurance is a smart investment if you will be financing your vehicle. Looking at the overall price before purchasing your vehicle will help you make a better-informed decision. 

If you would like to learn more about having insurance placed on a new vehicle contact us at Insure It All serving Ammon ID.

 

Retirement Savings Via Life Insurance

When people in Ammon, ID are asked about life insurance, most think about the product in its most basic form – a financial safety net for loved ones left behind if someone passes away unexpectedly. However, life insurance can be much more. As a retirement tool, it can provide it’s original benefit as well as provide an additional means of retirement savings that can be extremely handy in later years. This is possible through what is known as a whole life insurance plan versus the basic term life insurance plan. Unlike the term model, which is just a straight insurance coverage for a premium and after the specified number of years it’s gone completely, whole life insurance include part of the premium going into a savings account. This savings is grown with interest and becomes a sizable nest egg in one’s senior years, exactly when cash is needed the most for retirement in Ammon, ID.

With inflation, rising costs, and uncertain economic markets in the future, saving for retirement in multiple ways is just plain smart. Just putting all of one’s retirement in one vehicle could spell trouble if that particular option has a weakness. Stocks, for example, are extremely exposed to the economy as well as the success or failures of the businesses they represent.

To understand how whole life works versus term life and other insurance options, the experts at Insure It All can help. They are extremely versed in all the life insurance choices possible, and they can help a consumer find a package that fits his or her specific needs among a number of providers instead of just one. To find out more, give Insure It All a call today.

Does Home Insurance Cover Seasonal Storm Damage?

Home insurance policies cover a wide range of things and one of them is seasonal storm damage. For those that have a home and live in areas where seasonal storms are common, your homeowner’s policy is going to help cover the cost of repairs. For those that live in the Ammon, ID area, the agents with Insure It All can help you create your perfect home insurance policy.

Homeowner’s insurance first and foremost covers the cost of repairs associated with storms that are common. This means things like thunderstorms with wind and hail, ice storms and snow storms, and other seasonal storms that may end up causing damage to your home. Things like hurricanes are often not covered on homeowner’s policies. Seasonal storms are covered on homeowner’s policies for the simple fact that storms are not something that can be prevented by the homeowner. These storms are typical and are therefore covered by the policy of most homeowner ’s.

If you live in an area where mass flooding is common, where hurricanes are common, or where other storms that are atypical to the rest of the country may occur, you may want to take out special policies to cover those storms. It is important that the policy you take out is tailored to the area in which you live so that you get the best coverage possible and so that you are covered in all cases. It is important that you take the time to go over your policy to see what it covers when you take it out so that you can be sure you are going to be covered in all cases.

For those that live in the Ammon, ID area, the agents with Insure It All can help you get the perfect policy every time.

Top Reasons Why You Need Renters Insurance

Many renters move into their given location and don’t really consider protecting what they have inside of the rented facility. However, renters insurance is extremely important. So if you’re still on the fence for renters insurance, there are several of the top reasons why you need it and how Insure It All can assist you when living in Ammon, ID and the surrounding areas.

Protect Your Valuables

You may not own the property, but you do have many valuables inside. From your television and entertainment system to computers, audio equipment, or even the furniture, all of these items add up. If there was a fire and you didn’t have renters insurance, you’d likely need to replace all of these items out of pocket.

Heightened Risk of Fire and Theft

If you live in an apartment community, there are potentially hundreds of other people living around you. This means instead of one member of a household accidentally causing a fire, all it takes is one person out of the dozens, or hundreds, living in the community. Additionally, with more people living in the smaller area, it opens up your apartment to a greater risk of theft. While each community is different, it is extremely important for you to do what you can and protect your valuables. You can do this with the aid of renters insurance.

When you rent a property you still need to protect your physical property. The best way to do this is with the aid of renters insurance. At Insure It All, you have access to a team of professionals, dedicated to helping find the right insurance policy for your needs. So whether you live in Ammon, ID or the surrounding communities, now is the time to check them out.

4 Basic Insurance Policies for Every Business

Each business is different. If you do business in the Ammon ID area, Insure It All can create an insurance package especially for you. These 4 policies form the foundation of a strong business insurance strategy.

General liability insurance pays for damage caused by you or your employees during the course of work duties. If your delivery person knocks over a client’s priceless artwork, this is the policy that will pay out. General liability also covers medical bills and legal fees that come from accidents that happen on your property. For those who rent their commercial property, these policies will pay your landlord if you are found liable for damage to the buildings or grounds.

Professional liability insurance pays for legal fees associated with claims of negligence or liable. This coverage protects the subscriber from the exorbitant costs of defending themselves in a court of law. Malpractice insurance is an example of this type of coverage. However, medical professionals aren’t the only ones who benefit from professional liability insurance. Lawyers, educators, and even artists can protect their personal assets with these contracts.

Commercial auto insurance is similar to your personal car policy. It pays for accidents, medical bills, and repairs to your work vehicles. There are some key differences between commercial and personal policies. Talk to your insurance agent for more details.

Commercial property insurance covers the buildings and grounds that you use to conduct business. Like your homeowner’s policy, it pays out for damage or loss due to theft, fire, and some natural disasters. Without this coverage, one small accident could put an end to your dreams.

Is your business fully covered? Contact the experts at Insure It All in the Ammon ID area for a personalized assessment.

Is Umbrella Insurance Necessary for Startups?

One common mistake most startup business owners make is failing to purchase sufficient coverage for their companies. This error can easily be made, especially when you’re operating on a tight budget and you have many things you need to do to grow the business – getting protection against some disasters will not seem very important. What most people don’t know is that it doesn’t take much to lose all that you have worked hard to build. One of the coverages a startup should get from insurers like Insure It All in Ammon, ID is umbrella insurance.

What is umbrella insurance?

This is an excess policy that is designed to supplement some of your main insurance coverage such as employer’s liability, auto, and general liability. These policies are known as underlying insurance. An umbrella insurance plan can cover one or more policies depending on your preferences.

In case some claims are not covered by an underlying policy or an underlying policy gets exhausted and you still have outstanding expenses, your umbrella policy will come in as an affordable solution that will offer the extra coverage you need.

Just like the underlying policies, this insurance plan covers a broad range of risks like paying for litigation costs and restitution for injuries. The costs can also include medical expenses and court-awarded damages and settlements.

Why your startup needs umbrella insurance

Your startup needs umbrella insurance for the same reason it requires other coverage options – to get protection against various mishaps. Most general policies don’t cover every risk the company faces. What’s more, there are certain claims a company faces that are both costly and extremely rare. Getting umbrella insurance to cover such risks is quite important for any startup.

If you are searching for this coverage, consider contacting Insure It All that serves the Ammon, ID area and its environs for more information.

Common Conditions That Make Healthcare Necessary For Your Family

If you have been debating on whether or not you and your family need health insurance coverage, here are a few points to consider. Most people in this country will develop a chronic health condition, regardless of age, at some point in their lives. These conditions can become incredibly expensive, and, in some cases, can leave families without a means to treat the condition.

Common Conditions

One of the most common, and expensive conditions that commonly occur in individuals is diabetes. Type 1 diabetes normally presents itself early in life and requires daily monitoring and treatment. Without the necessary medication and testing supplies, a person can develop life-threatening symptoms requiring expensive medical treatment. Another condition that would require having health insurance is food allergies. If you ingest or come in contact with a food that you are allergic to, you may need treatment with epinephrine, a trip to your local hospital, or both. Other conditions that require medical insurance include heart conditions, asthma, and kidney failure.

Don’t Wait For A Condition To Appear

The most effective way to protect yourself and your family from financial ruin is to purchase adequate health insurance coverage before a serious condition has a chance to present itself. Health Insurance requires a small co-pay for regular doctor visits and a relatively small co-pay for hospital treatment and hospital stays. For more information about health insurance in or around Ammon, ID, Insure It All has the answers you need.

Don’t leave the security of your family to chance. Get the right health insurance today to protect them tomorrow. The Ammon, ID, Insure It All looks forward to speaking with you about your specific needs. Call or stop by today to get the coverage you want.