Author: agentinsure

What Will Your Life Insurance Actually Do for Your Family?

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If you have life insurance through your Utah, Idaho, Arizona, Nevada, or Montana employer, there’s a good chance that it probably won’t truly take care of your family if you should pass away at an early age. When considering what kind of policy you might wish to buy from The Smith Insurance Group, Inc., it’s a good idea to decide what you need it to do for you.

Single Earner vs. Double Income Household

If both you and your spouse bring home a sizeable income and don’t plan on having one parent stay home to raise children, you may not need to add an additional life insurance policy. However, if you are the sole breadwinner in the home, how would your spouse survive without you? How long will that $50,000 or $100,000 benefit last? One year? Five? What will happen in twenty years?

Are Your Kids Going to College?

Perhaps if you aren’t around, you’re thinking the kids won’t be attending an ivy league school in ten years. However, even if they attend a state school, they will still need $50,000 just to cover tuition and books. How many children do you have? Make sure to include their needs through the age of 25 when calculating your required benefit.

What Remains on the Mortgage?

Will your family be able to afford to pay the mortgage or rent? What would it take to pay off the mortgage and at least ensure there is a safe place to live? These are all topics you will need to take into consideration when shopping for life insurance.

Take the time to make an appointment with your agent at The Smith Insurance Group, Inc. in Sandy, UT. You can discuss all the options available on a life insurance policy. We do go beyond Utah and also write for Idaho, Arizona, Nevada, and Montana. Reach out to our agents to learn more and have your questions answered.

4 Benefits of Finding the Right Commercial Insurance

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Before you choose commercial insurance, there are a lot of factors to consider. Many of these factors involve thinking about all the many things that could go wrong with your company. The Smith Insurance Group, Inc. knows this can be unpleasant for anyone, let alone an owner who has a hundred other things to do on any given day. One trick to make this process easier is to focus on the benefits of getting an insurance policy that will be there for you when you need it the most. 

Personalized Support

If you pick a carrier who understands your needs, you’re more likely to make better decisions for the length of time you have the business. The right carrier can help you decide on a policy, help you fill out a claim, and provide you with the updates your business needs as it grows.

Better Coverage 

From customers who want to sue your company to an employee who slips in a stray puddle after a nasty storm in Sandy, UT, there are an infinite amount of benefits to finding the right level of coverage and protection. An accident can lead to a string of unfortunate events.

More Customers 

When you take care of your property, people notice. You have the opportunity to build your reputation up as a solid member of the community while assuring your customers they will be well taken care of at the same time. 

A Trusted Partner 

Having a trusted partner is not a benefit to be taken for granted in this day and age. The Smith Insurance Group, Inc. helps the people of Sandy, UT keep their businesses safe, and we’re proud to be of service. Give us a call if you have questions about your policy today. We also serve the states of Utah, Idaho, Arizona, Nevada, and Montana. If you have any questions about the legal differences in your state, reach out to us to learn more.

Things You Should Know about Home Insurance in Sandy UT

Posted on by agentinsure

 

Let’s start off with the acknowledgment that you need home insurance to cover losses on your home and property. It’s also important to protect yourself against liability for accidents that happen on your property. The better your Sandy, UT home coverage, the less you pay if you ever need to file a claim. You might even be required to carry a specific minimum coverage for your home loan. 

Coverage and Deductibles

In some cases, your lender decides how much coverage you need based on the amount of your outstanding mortgage. You should consider additional coverage if you are close to paying off your home. Ask our local agents at The Smith Insurance Group Inc. what coverage might be beneficial to you. In general, the amount of coverage in the policy for your house, furniture, and other property increases as premiums go up. If financially feasible, get at least enough insurance to cover your home and belongings.

The deductible is how much you pay out-of-pocket on each claim. It refers to coverage on your home and personal belongings. Although higher deductibles can bring cheaper rates, it is important to make sure you can afford to replace items up to the deductible amount in case of an emergency.

A good rule of thumb is to cover at least 80 percent of the value of your home.

Basic Coverages Available

Whether you own or rent in Sandy, UT, The Smith Insurance Group Inc. can help you understand the different policies available. Each package covers a number of events that can damage your home and belongings.

The three types are fire, windstorms, and protection against theft with medical, property damage, inability and additional living expenses covered as specified.

Yearly Review

Check with your The Smith Insurance Group Inc. insurance agency representative once a year to review your policy for any changes you may need to consider. Reach out to us to learn more.