Category: Insurance

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Do I Really Need Boat Insurance?

As the saying goes, the two happiest days in a boat owner’s life are the day you buy your yacht and the day you sell it. It’s no secret, as a boat owner, you’ll have plenty of beautiful memories and fun trips on the water, whether it’s a pond, lake, or the ocean. However, owning a boat can involve a lot of work, maintenance, risk, and never-ending expense. And one vitally important thing to consider if you own a yacht is to insure it!

Often, boating lovers think they don’t need any additional protection in the ocean, especially if they’re experienced and have a safe track record on water. The truth is that boat insurance is just as important as car insurance, and yes, you’re more prone to risk on the water than on the roads due to the numerous uninsured boaters out there! So, no matter how much you’re on your guard or a how much of a crackerjack boater you are, unfortunately, you simply can’t protect yourself against these inexperienced and reckless boaters or nature’s wrath!

With reliable boat insurance, you can benefit from a whole lot of advantages! From protecting you financially to keeping your prized possession safe from all possible risks (injuries onboard, off-season damage, theft, etc.), it certainly brings utter peace of mind. (And let you sip your well deserved cold beverage while enjoying the gentle ocean wind!). Let’s have a look at why you should totally opt for boat insurance!

But, What is Boat Insurance?

Yacht, Crew and Passengers Insurance | Yacht Agent Montenegro

Let’s say you’re out on the lake, relishing a gloriously wonderful day, brimming with joys and proud for being finally a boat owner. Sadly, your happy day is abruptly ruined when you stumble upon a boulder that was hidden just below the water surface – yikes! Your gorgeous, well-maintained boat suddenly has an enormous wound on the side, hurting both your boat and your heart.

That’s where marine insurance comes on board! With valid yacht insurance, you can rest assured that your boat will be reconditioned to its original condition – with all expenses covered by the insurance company. Marine insurance can really be an amusing subject. Well, not exactly that enjoyable. But still, it’s more fun than having to pay thousands of dollars to repair your yacht.

And What Happens If My Vessel Is Not Insured?

Let’s just say you’re sailing down a stream without a paddle. (To be more precise, it’s more like you’re in a sinking ship since there’s a huge hole in there – but you get the point!). While you may think that marine insurance is only for the boating season, the risks linger all year round and even during winter. Of course, you could save some bucks by canceling your policy when your vessel is not in use, but just because your precious boat in storage doesn’t mean it won’t be stolen or damaged. Although “seasonal” coverage may be available, the best option is to retain full coverage year-in and year-out. Accidents happen on and off the water, and your significant investments deserve uninterrupted protection, no matter where they happen to be.

What Does Marine Insurance NOT Cover?

While the best times to enjoy your boat are those spent on the water, your prized possession may see dry days if you ever transport or store it ashore. Generally, (depending on your State), when a boat is offshore, it’s not covered by marine insurance! Refer to your existing insurance policies to find out what coverage you have in such cases. For example, if it’s hitched to your truck or car, it may be covered by your automobile insurance policy. And if it’s parked on your property, your homeowners’ insurance will often take precedence over boat insurance.

Be sure to check with an insurance agent to understand how your policies will cover your boat at different times. You can contact licensed insurance advisors at Mimbs & Associates Insurance for further information.

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Why Should I Hire an Insurance Agent?

With insurance comes utter peace of mind when unforeseen circumstances result in physical or financial damage. When purchasing coverage from an insurance agency, you benefit from competent professionals who are readily on hand for personal appointments and an individual assessment of all your insurance needs.

Questions? Your Solutions Are Just One Phone Call Away!

If you hold a policy online and need an answer to a question, chances are you’ll be calling more than 800 different numbers. Not to mention the long waiting times, frequent transfers to various services, and repetition of your situation or question to multiple representatives – if you’re lucky enough to talk to a live person! Whether you’ve got an urgent query, a distressing claim, some changes to do in your policy, or simply questions about your coverage, all it takes is one phone call to get a familiar and lively voice and a trusted answer. You can gather information online or talk to an agent at BREVARD INSURANCE & MARKETING to get an idea of your coverage in Florida.

Having A Relationship with A Person

Nowadays, almost everything can be done online, from ordering your pizza, sending flowers, internet banking to online schooling. The Internet often replaces face-to-face interaction, and it can be a real struggle to remember the advantage of talking to someone online. If you are in a car accident, your computer can’t answer questions about your coverage or get specific documents for you. Having an insurance agent offers the benefits of a business relationship with a real human being who cares about you and your family.

Geography

Your geographic location may require specific types and levels of insurance coverage. Local insurance agencies employ agents who understand your area and can make coverage suggestions accordingly. For example, your agent can advise you if your business is located in a potential flood zone, which would require flood insurance that regular structural insurance may not cover.

Someone Is Watching Out for You

At independent agencies, we conduct a complete review of your policy at each renewal and when changes are made. If a new discount is available, you have a chance to save money for your family! Your insurance agent wants you to save as much money as possible while getting the best coverage possible, and it’s his job to work between you and the insurance company to make that happen. Insurance agencies take pride in knowing the majority of their insureds personally and look out for YOU and your family!

Individuality

In addition to your geographic location, your circumstances may affect the types and amounts of insurance you need. By working with an agent directly, you can explain your circumstances and find the most beneficial coverage for you, which helps protect you against inadequate insurance coverage.

They May Help You Save Money on Other Insurance Policies

A major perk of hiring an independent insurance agent is that they can help with all of your personal insurance needs and coverages for your family’s assets. A vast array of insurance services is available from auto to life, renters, homeowners, boat, RV and motorcycle insurance. Your insurance agent knows your personal needs, your family’s situation, your assets/estate and can recommend policies and coverages to save you money and ensure you’re adequately covered.

Considerations

Although insurance agencies give personal and individual attention to their clients, you may pay more coverage than you originally anticipated. Insurance agencies often pay commissions to agents based on the amount of coverage they sell you. In other words, depending on your insurance agent’s compensation structure, a commission-based sale could result in your agent, offering more insurance than you need.

A Car Insurance Agent Can Keep Your Records in Order

Independent insurance agencies are equipped with the latest technology in the insurance industry while offering the excellent face-to-face customer service you are accustomed to. Whether you have one or more policies, an insurance agent can quickly access your information and easily familiarize themselves with your policy. Agencies typically keep detailed records of your assets, as well as a history of your calls, claims and current inquiries.

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Why Do Children Need Life Insurance?

Not a moment goes by when parents aren’t worrying about their children.  Is he the appropriate height and weight for his age? Does she get along with other kids? Will they ever eat their vegetables?

One thing parents don’t often think about is ‘do I need life insurance for my child?’. Some may even frown on the idea of insurance for minors because of a life insurance policy’s primary purpose of replacing the income of a working adult. However, there are many other reasons why buying a life insurance policy for your child could be a good idea for you. Here are a few:

The Time and Resources to Grieve.

There is likely nothing more devastating than the loss of a child. In such an unfortunate and untimely event, day-to-day responsibilities might be overwhelming – the demands of your job, paying the bills, and having to care for other children in the household. The reality is you might not have enough paid sick or vacation time from work to take care of yourself, your spouse or your other children during this difficult time. If the unthinkable were to happen, would you have done enough financial planning to have the resources to go back to work on your terms?

Cash Value and Living Benefits.

The cash value earned from a permanent life policy (such as whole life, universal and variable life) can be withdrawn or borrowed against, providing living benefits that can used by your child as he or she gets older for many things such as:

  • College tuition and expenses
  • Financing a vehicle
  • Paying for a wedding
  • Collateral for loans

If you opt for a whole life insurance policy for your children, ask if there are penalties for early withdrawals before a certain age. Building cash value shouldn’t be the main reason you buy a life insurance policy for your children, but the right policy can include a financial perk.

They’ll Always be Insured.

There are a number of factors that can affect your child’s future insurability. High blood pressure, diabetes, obesity and cancer are just a few of the many health complications that might prevent your child from being insured down the road. One of the primary benefits of purchasing a life insurance policy when they are young is that they will always be covered regardless of their future health as long as premiums are being paid.

Guaranteed Insurability.

Some life insurance policies for children come with an optional guaranteed insurability rider/endorsement that may be available for a nominal cost. As your child grows into an adult, this rider allows you to buy additional life insurance above the face value of the current policy (on specific dates and in certain increments) regardless of his/her health status at the time. Usually, the older the child gets, the fewer dates the policy owner has to purchase more life insurance under the rider. In some instances, after a certain age, the rider may not be exercised.

A Locked-in Rate.

Life insurance premiums for minors can be very affordable. Buying life insurance for your child now could give you an opportunity to lock in that rate for the life of the policy. As long as the required premium is paid, the policy will stay in force.

Policies vary greatly from company to company. A life insurance professional like Nonmed Insurance Inc. can help you select the right policy type and optional policy riders so your child will get the most out of their policy – even when he or she is grown with a family of their own.

Disclaimer: It is important to note that this article was not written by a qualified Life Insurance broker and should not be considered legal advice. Please make sure you seek advice from professionals before purchasing any form of financial product.

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The Insurance Diaries – 6 Sagacious Tips To Choose The Perfect Homeowners Insurance

So, you’ve beavered away for years struggling to save some bucks for your dream house (in this rocky economy), and now, you just got off the phone with your mortgage specialist, who has some excellent news for you! The agonizing wait is finally over, and you’re pre-approved and ready to dive into the house hunt with confidence. What an exciting time! But before jumping in, there are a few other things to keep in mind to ensure you find the perfect balance between your needs and budget, and one of them is homeowner’s insurance!

Purchasing a house can be so mind-boggling that it’s easy for first-time buyers not to worry much about the homeowner’s insurance process. But what if there’s a natural calamity or a fire breaks out in your house? Disasters can strike unbeknownst to you, and that’s why protecting your property with the best home coverage is primordial. Buying home insurance entails a myriad of intricacies and can often feel pretty overwhelming. How often have you heard of cases where people have purchased home insurance only to discover that it didn’t protect the only item they were trying to protect? Here’s a handy step-by-step rundown to help you cover all the basics!

Choose Your House Wisely

The choice of housing is often a process of elimination. As you hunt for houses, you’ll realize that many are just not right. It’s not uncommon to compromise on features but search for a home that can meet your current and future needs. The location and individual characteristics of the home you pick can affect the amount and type of insurance coverage you may need.

Get A Clearer Picture of What It Covers

While this may sound surprising, most people don’t understand home insurance at all. To choose the right policy, you need to be able to have a clear understanding of what it entails and covers. Once you’ve got a clear picture, you” ll be able to assess your needs and negotiate better terms and conditions. A standard home insurance policy covers your home and its contents, as well as any public liability. Although the law doesn’t require you to purchase home insurance, it’ s essential to protect your most significant investment if something goes wrong!

Evaluate Your Needs

When purchasing insurance, be sure to know what you precisely need before starting to shop around. You can gather information online or talk to an agent at BREVARD INSURANCE & MARKETING to get an idea of your coverage.

Compare With Other Insurance Companies

After you’ve had an understanding of your requirements, you need to start shopping around for the best coverage and may need to purchase additional insurance – such as flood insurance. Start by looking for reputed insurance providers and then make a list of policies that meet your requirements. You don’t have to buy insurance at the first insurance company you’ve googled online. Instead, compare the plans based on the prices, deductibles, limits, and customer reviews. Make sure you get the right type and amount of coverage. Focus on value, not necessarily bottom price.

Consolidate Your Policies

Ensure your insurance companies offer discounts if you bundle other types of insurance, such as auto or health insurance, into your home insurance policy. You may be surprised to learn that some companies may even bundle policies together with a 10% or more discount on your premiums.

Don’t Forget Your Pooch!

Always disclose your dog. It shouldn’t even be a question. Dogs of all breeds can be a huge liability. You never know when a dog might feel threatened and act out of fear, biting a stranger, or even a family member. If someone sues you for a dog bite, you could be charged thousands (or even hundreds of thousands) of dollars. By insuring your dog, you’re also assuring that dog bites are covered by your insurance policy.

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All You Need to Know About No Medical Insurance in Canada

Here’s a little secret: you can purchase life insurance without a medical exam! (That’s some pretty good news for those who are afraid of doctors, needles and anything doctor-ish!). In this modern era, Canadians have so many life insurance options at hand. With the ability to buy life insurance online, search for different policies and look up the different types of life insurance available, it’s no wonder they’re discovering how convenient it is to get a life insurance policy with no medical exam. Is this option better, and if so, why? What are the points to watch out for, and what are the perks? Here’s everything you need to know about non-medical insurance policies in Canada!

Why Does Life Insurance Require A Medical Exam?

Before we jump start, first things first. Why does life insurance require a doctor’s visit? Traditionally, obtaining life insurance requires a medical or health exam; the insurance company wants to assess all risks associated with your health. Details about your medical condition, family medical history, drug usage, smoking status, critical illness, and more help the insurance company determine how risky it may be to get you insured.

If you go through the exam and are deemed in above-average health, an insurance company can offer you a lower rate. On the flip side, if the exam establishes that there may be health concerns looming, insurance companies will typically place a rating on your policy, which is an additional premium to compensate for the elevated risk they take.

Can I Get Life Insurance If I Have Health Concerns?

Yes. Depending on the specific ailment(s) in question, many life insurance products are available for Canadians with medical conditions. The choices may be limited, depending on the state of your health. However, there’s an increasing number of products that cater to those with prior medical conditions. Many of these also offer coverage, with some limitations, without requiring a medical or health examination.

But What Is No Medical Exam Insurance?

In today’s tech-driven world, where instant gratification is available at the click of a button, it is no surprise that no medical life insurance policies are the fastest-growing segment of the life insurance market. This type of insurance refers to a category of life insurance products that don’t require a medical exam or a physical or even a medical statement from your doctor.

Increasingly, Canadian insurance companies are offering life insurance policies that don’t require a medical examination. Canadians are in a time crunch, between work, children, and other obligations – no medical life insurance makes obtaining coverage easier for their potential clients. 

How Much Life Insurance Can I Get Without A Medical Exam?

It’s possible to get up to $1,000,000 in insurance coverage in Canada without a medical examination. The amount of life insurance you can get without a medical exam depends on the type of policy you apply for, your age and the insurance company you choose. (And if that’s not enough, combine two or more policies to get the amount you need.)

It can sometimes be mind-numbing to explore all of the various products because of so many insurance options out there. The best thing to do here is working with an insurance advisor; they can help you compare different policies across multiple companies. 

For Whom? 

Because of its ease of application, no medical exam life insurance is particularly suitable for people who were refused life insurance following an underwriting review, or who suffer from serious health problems such as cancer. People with riskier lifestyles, such as those practising extreme sports or working dangerous jobs, or people simply wanting to be insured without delay, are regular customers of this type of insurance.

Why Should I Get A No Medical Life Insurance Policy?

#1. Stress-Free

There’s no doubt about it. Being able to secure life insurance bypassing a medical exam is very convenient. You no longer have to bother scheduling a visit with a nurse, fasting for 12 straight hours and trying to have a healthy diet in the days leading up to the exam (oh yes, you can use these tips to ace your medical test if you decide to go that route).

And who says no medical checks says no needle to suck up your blood (doctors won’t steal your blood), no need to provide a urine specimen, no scale to take your weight (your weight can be kept a secret) and no blood pressure meter thing on your arm! However, no medical exam policies still ask your health history and look at your public reports.

#2. Price Ain’t A Factor

Yes, price is an excellent reason to look into a no medical exam life insurance. In many instances, applying for life insurance without a visit with the nurse can save you money. Just think about it, how long has it been since your last physical. If it’s been a year or longer, how can you be sure that your cholesterol, blood counts or sugar levels are all in check? You can’t. If you decide to go with a medical exam policy, you might be moved to a different health category due to elevated blood pressure, for example.

#3. Available Riders

That’s one of our personal favourites. Many of the no medical exam life insurance policies include build-in riders. These riders are often referred to as living benefits. In a nutshell, life insurance with living benefits allow the insured to accelerate his or her death benefit while still alive, in some cases. In other words, you don’t have to die for your life insurance to pay. That’s a huge benefit. With the modern advancement of medicine, you might survive a heart attack, but could you afford it?

#4. Zippy Process

You need coverage as soon as possible. You can’t wait 4-6 weeks for underwriting to be completed. Life insurance policies without a medical exam tend to have faster processing time. Many policies can be issued almost instantly or within 48 hours. This is extremely important if you have to get life insurance right away. There are many instances where people are required to secure a policy due to a loan application, work, divorce decree, etc. Obtaining a policy without an exam will provide the speed and coverage needed.

The contemporary life insurance market is way more extensive than a source of income for beneficiaries when catastrophe strikes. With a plethora of options, these plans offer you and your entire family peace of mind. They often give your money investment opportunity to allow you to enjoy the money invested during your lifetime.

Choosing the perfect life insurance plan depends as much on your financial needs than your health class rating. Are you looking for no medical and simplified issue life Insurance in the surrounding of Toronto and the GTA? Contact Nonmed Insurance Inc. to have your own personal plan!

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Unbelievable and Riveting Insurance Facts

When you hear the word “insurance”, strange or funny might not be the first thing that pops into your mind, yet, it can actually be a lot more intriguing than you probably imagine. Throughout history, people have invested zillions in saving their most precious assets, and insurance has even had a big chunk of impact on major decisions.

In Japan, golfers took out golf insurance just in case they got a hole-in-one, they would have to spend a fortune on sumptuous drinks and goodies, as well as throwing fancy parties for an awful lot of people (isn’t that crazy). Meanwhile, some people have purchased insurance for their body parts, and others have even taken out a policy just to watch popular movies, in case they died of laughter! (No, your eyes didn’t fool you!) Kiss bassist Gene Simmons had his tongue insured for a million bucks…while “Ugly Betty”‘ TV star America Ferrera (who plays an ugly duckling with braces on her teeth), had her smile insured for $10 million (not so ugly indeed).

While these were just a small foretaste, check out some more hard-to-believe but compelling insurance facts that will totally boggle your mind (some of which may help save a few bucks).

Insurance Has Been Around for Several Thousand Years…

Yes, you read right! It may be hard to imagine insurance sales clerks and insurance forms existed hundreds of years ago, but that certainly doesn’t mean that insurance was non-existent. In fact, it is believed that insurance made its first historical breakthrough in China around 3000 BC. Merchants who depended on shipping goods by ship were at risk of losing cargo in shipwrecks. For this reason, some of them divided their merchandise among several vessels, so that even if one of the ships was wrecked, traders would not suffer a complete loss. Modern insurance works in more or less the same way, with money being collected and pooled by insurers, ready to be paid out in the event of a claim.

Home Insurance Policies Often Prohibit Some Breeds of Dog!

Many home insurance policies often prohibit you from having certain types of dogs as pets – because they can potentially cause problems (yes, that’s sad!). Some 4.5 million people are bitten by dogs each year, and about 20% of dog bites require medical attention, according to the Centers for Disease Control and Prevention. Dog breeds typically excluded from standard insurance policies are Mastiffs, Akitas, Alaskan Malamutes, Pit Bulls, and Rottweilers. If necessary, you can pay extra to add coverage for your dog, or by going around the market, you may be able to find a policy that covers your dog.

Your Home Insurance Probably Covers Damage Caused By Volcanoes and Meteorites.

While you might know that your home insurance doesn’t protect you against flood damage, it may cover much more than you think. Home insurance policies usually cover damage caused by volcanoes and even meteors, for example. However, calamities like floods, earthquakes are not usually included. It’s best to read your policy carefully or talk to your agent to find out precisely what’s insured and what’s not, so you can decide if you want to add other coverage, such as earthquake coverage.

Credit Ratings Can Have a Significant Impact on Your Insurance Costs.

You are probably aware of the credit scores that influence the mortgage interest rates offered to you. Still, you may not realize that there are “credit-based insurance scores” that can significantly impact the insurance premiums offered to you. According to Fair Isaac, the company behind FICO scores, about 95% of all car insurers and 85% of all home insurers use these scores when they are licensed. A few states, such as California, Maryland, and Massachusetts, restrict or even prohibit their use.

Companies believe that scores that reflect how you manage your money are apt to suggest the likelihood that you will make a claim. A report by TheZebra.com found that: “Drivers with bad credit can pay twice as much for car insurance as those with exceptional credit. Nationally, improving your credit score from “poor” to “outstanding” would save you 53% (over $1,400) per year”. Fortunately, there are steps you can take to improve your credit score.  

Auto Insurance for Teenagers Can Be Astonishingly Pricey.

It’s not just the cost of education that is covered when your teenagers start driving: You’ll need to get them covered by car insurance, which can be pretty costly. A parent who adds an adolescent to their policy can expect their new rate to be $6,186, and in some cases, 227 % more than insurance for a single adult driver, and a teen who buys their own policy can be even more expensive. 16-year-old are involved in twice as many accidents as 18- and 19-year-old, therefore, adding a 16-year-old to your insurance plan can cost you up to $3,000 or $4,000 or more. (If you need this kind of insurance, look around the market, as rates can vary widely.)                                                   

Starbucks Spent More on Health Coverage for Its Employees Than It Did on Coffee!

Many Americans enjoy employer-sponsored health care – for themselves, their spouses, and their children. That’ s a no-brainer. In China, though, Starbucks has taken employer-sponsored health insurance even further by offering coverage for workers’ parents. It is limited to workers who have been with the company for at least two years and provides coverage for up to 30 critical illnesses for parents under 75 years of age who live in China. This sounds like a good idea in a country where many workers feel responsible for their parents, and it can make Starbucks a more competitive employer. It’s not unthinkable that new types of insurance will also be offered to Americans. We did not always have pet insurance, for example.

These are just a few of the surprisingly cool things to learn about the world of insurance. The more you know, the more you can save! Are you looking for a reputable insurance agent or insurance quote in Rockledge? Have Mimbs & Associates Insurance on your speed dial. Backed by years of experience, they are experts in protecting your property and your family’s belongings.

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Factors to Consider When Opting for An Insurance Plan

Opting for the right health insurance plan is crucial as this will help you get the best treatment for yourself, your entire family as well as your four-legged family members. However, deciding which health insurance to choose isn’t an easy task! There are tons of insurance companies in every city these days that provide high-quality insurance plans. Nearly half of all employers with 250 or more employees offer more than one policy, all with different copayments, benefits, premiums and deductibles. But how do you go ahead and pick the right insurer? Here are a few things to keep in mind when selecting the best health insurance plans for your family –

Look at Out-Of-Pocket Costs

Focusing on the monthly premium is one thing, but keeping track of the deductible, copayments and co-insurance is also a key factor. These three elements are your maximum expenses. Under the Affordable Care Act, the maximum reimbursable expenses are $7,150 for a single person and $14,300 for a family policy.

Consider Your Life Stage

Let’s assume the next coming years turn out to be just like the past five. You go for regular medical checkups two to three times. Your partner is as healthy a horse (as long as he/she swallows his cholesterol pill every day). And your kids, well, let’s just say they have an average of one cast and 15 stitches a year. And therefore, choosing an appropriate insurance plan tailored to your individual needs is crucial.

While taking cheap health insurance plans, it is essential to consider your health, age and financial situation. Selecting a policy with a lower deductible and copayments is recommended if you’re suffering from one or more health problems that require ongoing care (such as heart disease or diabetes) or expecting a baby. Of course, you’ll be paying a higher premium, but your overall out-of-pocket costs may be lower. The insurance agent can help you make a better decision with your health insurance based on all of this information.

Number of Family Members

Are you taking health insurance or term insurance that covers all your family members? Along with the number of family members, their life stages matter too. The cover amount needs to be able to support everyone’s lifestyle and spending capacity in case of any unfortunate incident where the insurance will be used.

Check the Drug List

All insurance plans generally provide a detailed medication list and copayment covered. So, be sure to buy an insurance plan that offers a prescription drug benefit high enough to cover all your needs. If your drug isn’t on the list of medications covered, you may have to pay 100% of the cost. It is also an excellent idea to check whether your insurance plan includes a mail-in prescription option; it can save you some bucks on your regular prescriptions.

The benefit should typically cover at least $1,000 per year. With only a few prescriptions, you can easily reach this amount, especially if your doctor prescribes a medicine with no generic substitutes.

Go Over the List of Benefits

Usually, all individual and small business plans should cover prescription drugs, hospitalization, emergency services, mental health and addiction treatment, preventative services and rehabilitation services, maternity and newborn care, pediatric services (including vision and dental care), laboratory tests and out-patient care. However, the specifications of the plans available through your employer may vary, so make sure to read the plan’s Evidence of Coverage.

Also, don’t forget to double-check your prescription coverage each year when re-enrolling in your insurance plan. Many insurance brokers tend to amend their policies and drug coverage frequently. So, it is wise to look for another insurance provider if your daily medications are abruptly withdrawn from your coverage.

Maximum Age Renewal Option

Although you don’t really use your health insurance when you are young, as you get older, health care costs increase and you will have a greater need for health insurance coverage. So, make sure to check whether your health insurance plan features a more comprehensive renewal option with the best pricing. Opt for lifetime plans with renewability options available beyond age 65 – it will pay off in the long run for you and your family.

Choose the Right Insurer Too

While you’re reviewing all these policies and benefits, it’s also wise to choose the right insurer. Look for insurance companies with higher stakes settlement rates (so you don’t have to fight over your claims). Are you looking for a trusted insurance agent or an insurance quote in Florida? Get in touch with BREVARD INSURANCE & MARKETING – they are experts in the protection of your possessions and those of your family.

When shopping for the best insurance policy, you’ll surely be spoilt for choice. Therefore, if you want to pick the crème de la crème, simply do your homework! Hopefully, these smart tips can help simplify your selection process.

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Perks of Buying an Insurance Plan

What lies in the future is a blurry picture that no one can really predict! (Unless you have “psychic visions” of the future like Raven in the TV series That’s so Raven). Just like those sudden (and unwanted) acne breakouts on our face, unexpected things can also pop up at any moment in our lives (whether we like it or not)…And suddenly, we end up in a situation where we have to struggle against the odds while frantically and hopelessly looking for an insurance plan to meet our needs.

But why wait for the worst to happen to get covered? Let’s take a look at some of the greatest perks of getting insured way before all the drama kicks off!

Powerful Guardian Angels 

Your current situation can be stable with a regular income stream adequate to support your family’s lifestyle. But have you ever wondered how your family would manage to meet their future needs when you are no more here? (especially if you are self-employed with no sick pay and death-in-service life cover)

This is where a life insurance plan comes in handy. From taking care of expenses like mortgage or college education to offering life coverage, availing of a life insurance policy will free your family from financial worries and secure their future even beyond your lifetime. (Like some sort of guardian angels sent by you from the heavens to look after your family’s well-being).

Sleep Like a Baby, Knowing Your Income Is Safe

What if you had to face a sudden medical emergency and not being able to work, or worse, deal with the unexpected death of your breadwinner? Where would you find the necessary funds to finance all of these unplanned expenses? 

Every cloud has a silver lining and so does the unpredictable and undesired events of your life. Buying insurance beforehand is always a smart strategy to secure your loan, business, house, vehicle and, most importantly, your most precious assets — your family and you! With an income protection policy, you will be able to earn a percentage of your average income on a regular monthly basis and thus maintain financial stability in your life. (and bid farewell to sleepless nights and siestas gazing at the ceiling, thinking about your debts and hefty due bills).

Protecting Your Home-Sweet-Home 

We all dream of owning our own lovely home somewhere, on a chunk of land and eventually stop paying rents one day…but investing in a property can come with a series of risks such as theft, fire, tornadoes, earthquakes, floods, (and who knows, alien attacks)! While protecting your home can be a significant financial investment, its the best way to ensure that you’re covered and your family is safe if anything happens. Buying the right homeowners’ insurance policy will make you feel at ease, knowing that your home-sweet-home is fully protected in the event of a disaster!

Your Piggy Bank Well Fed for The Future

As you strive to build a better future for you and your loved ones in this rocky economy, having permanent life insurance can be a great way to protect your savings and help you cash in. Life insurance can be a forced savings plan, which can sometimes curb your tendency to overspend (Of course, it’s nothing like living on the breadline either) …But let’s take a look at the bright side of things!

By setting aside some cash in life insurance, you can be sure that when you decide to realize your projects, the funds will be there and ready to be used. Whether you want to withdraw money in because of illness, take out tax-free loans or establish an additional source of retirement income.

Protect Your Vehicle

Do you think you would be able to afford to buy another car if someone stole yours and you couldn’t get it back? Whether your automobile has been stolen, hit by an animal, affected by natural calamities or fire, a damaged vehicle can be mentally, physically and financially devastating… And having auto coverage is essential to cover the costs of property damage or bodily injury that can occur in an accident. 

With the right car insurance, you can rest assured that your family members, passengers, other drivers and your dogs and cats are fully covered. Depending on the coverage limit, auto insurance may also cover veterinary and other medical expenses for your beloved four-legged family members!

Become Your Own Boss Without Loss!

Owning a business can sometimes be complicated and seem chaotic (more like navigating a maze) when you don’t have the proper business insurance plan to deal with ownership risks. Through the employers’ liability insurance, your business is fully protected from financial loss even if your employee suffers from a job-related injury or illness not covered by Workers’ Compensation. 

By providing accident and sickness benefits, life insurance, pensions and retirement plans to all your staff, you can be sure that the endless struggle and strife between your workers and you will be minimized! (They’ll feel happy to know that their well-being is being taken good care of and will, therefore, be more devoted to their jobs)

Ensuring 100% Peace of Mind 

What’s better than complete peace of mind? Buying insurance secures not only your assets but also protects your emotional health and that of everyone who benefits from it. Life is very uncertain and has a way of throwing undesired surprises when you least expect it.

With an insurance program in place to take care of unpredictable events, your mind can bid farewell to the stressors of the daily grind and focus more on the things that matter the most, like building your relationships and enjoying the little things in life! (And, yeah you can take those oh-so-long-awaited vacations without worrying about flight cancellations or emergency medical expenses abroad).

Better to be safe than sorry! You may not be able to stop the march of time, but buying an insurance plan can be an interesting way to reduce its ultimate effect on your wallet. Contact Mimbs & Associates Insurance and get your personalized rate. So that’s it. Lecture over! You can get back to having a good time now, having learned a thing or two about the benefits of getting insured. Meanwhile, I’ll just relax on my cozy couch. Oof!

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Top Reasons to Purchase No Medical Life Insurance

Life is full of surprises over which we have no control…and life insurance has got to be a part of your plan, whether you like it or not. For many people, medical exam is one of the most headache-inducing parts of the life insurance application process. Sure, those pesky medical exams may seem to stand in the way, but did you know that even though you’re hard to insure or have been declined, there is still coverage available to you? Yes, you read it right! Some insurance doesn’t need medical exams! Here’s what you need to know…

But What Is No Medical Exam Insurance?

Before I dive into the reasons why you should consider a no medical exam life insurance, let’s start with the basics. Most people purchase life insurance to secure the financial stability of their loved ones after their death. However, buying an insurance plan can be very challenging for several reasons!

Many insurance companies would want to assess the risks involved in insuring you through strict medical exams. The good news is that some insurance companies also provide life insurance policies without the need to go through all the medical exam stuff to qualify (ideal for those scared of doctors, needles and anything doctor-ish). But how do these policies differ from those that require a medical exam?

Get Rid of Useless Stress

Without a doubt, obtaining life insurance by bypassing medical examinations and medical history checks can be a real solace. You no longer have to bother scheduling a visit with a nurse, fasting for 12 straight hours and trying to have a healthy diet in the days leading up to the exam (oh yes, you can use these tips to ace your medical test if you decide to go that route).

And who says no medical checks says no needle to suck up your blood (doctors won’t steal your blood), no need to provide a urine specimen, no scale to take your weight (your weight can be kept a secret) and no blood pressure meter thing on your arm! However, no medical exam policies still ask your health history and look at your public reports.

You Are Fully Covered Without Any Fuss

Whether you are suffering from depression, life-threatening cancer (or any other illnesses) or you are overweight or a heavy smoker or simply happen to have a risky job; you might have a hard time finding an insurance plan that uses a comprehensive underwriting process! Why? Based on your family’s medical history, age and physical and mental health, insurance brokers often assume that there is a higher chance you will die during the term of your life policy. They might charge higher monthly premiums, or worse, your insurance request can get rejected. (Yes, unfortunately, insurance can be harsh and ruthless!).

Thankfully with No Medical Insurance, you can benefit an insurance plan anytime! From leaving your loved ones a financial legacy, paying off lawyer’s fees, taxes and outstanding loans to covering final expenses (such as funerals or cremation costs), you are fully covered without any fuss! However, if these circumstances don’t apply to you and you want to cover more than just the final expenses, then medical exam life insurance is probably not for you. Young, healthy people with families generally need enough life insurance to pay off debts and provide some income support for their spouses and children.

Protecting Your Little Ones’ Future

Purchasing No Medical Child Insurance guarantees your kids’ future and insure them against unforeseen events, even beyond your lifetime. It offers financial security, flexibility and a head start for any financial need in life, whether it’s education, buying a home or starting a business.

Oh-So-Convenient!

If you can’t have fully purchased life insurance but need coverage over $55,000, term life insurance without a medical exam is the best option for you! This insurance policy offers a maximum term of 30 years and can generally be purchased up until you turn 75, although some insurers limit the term based on your age. What’s more convenient than that?

Available Riders

Most life insurance policies without a medical examination include built-in riders. These riders are frequently described as “living benefits.” This means that having life insurance with a living benefit allows you to kind of speed up your death benefit while still alive. In other words, death is not necessary for life insurance to payout (which is a tremendous advantage). Thanks to modern medical technology, you could survive a heart attack, but could you afford it?

Secure the Policy You Need in A Jiffy

Life insurance policies without a medical examination tend to be processed more quickly. Numerous policies can be instantly issued or within 48 hours, and thus, you can say goodbye to the long and tedious waiting hours and days for your lab results to come back!

Are you looking for no medical and simplified issue life Insurance in the surrounding of Toronto and the GTA? Contact Nonmed Insurance Inc. to have your own personal plan!

Insurance 101: Insurance I Need to Get and Those I Don’t

Why do I need to get insurance?

Insurance is essentially preparing for the eventuality of a disaster striking. And while some disasters can be predicted, such as floods or storms, others give little to no warning. Since calamities can happen at any time of the year and on different scales, you may find all your savings being drained because you didn’t make any prior arrangements to safeguard you from a catastrophe.

Hence, getting insurance well ahead of time protects you during these situations, gives you peace of mind and covers your family if ever something happens to you. It can also help you own a home and car, maintain your standard of living if ever you are the victim of an accident and become disabled, or have a critical illness. You can also rely on it to pay for medical bills or to provide for your family in the event of a death. That’s why we recommend being proactive and taking out insurance to protect yourself, your loved ones and your assets.

To help you in the process of choosing the most appropriate insurance for your needs, we’ve put together a list of insurance policies that you should consider taking and those we believe you can do without.

Life Insurance: Get it.

There are two types of life insurance: whole life insurance and term life insurance. The term ‘whole life insurance’ is pretty self-explanatory: it covers you for your entire life. Usually, the cash-out at death is fixed, which means you have a guaranteed premium, interest rate, and death benefit. You can also borrow loans against this type of policy.

Term life insurance, on the other hand, is exactly what it sounds like—the life insurance covers only a specific term, which can last anywhere from five to thirty years. In this category though, the policy pays a death benefit to your beneficiaries only if you pass away within that time period. It is generally the most affordable type of life insurance.

Extended Warranties: Not a priority.

An extended warranty is a type of insurance that is meant to cover a host of appliances and electronics. However, this type of insurance is rarely used by customers. This is mostly because reputable products tend to work as advertised. The warranty you paid for will, therefore, most likely be unnecessary.

Health Insurance: Most definitely!

Statistically and historically, the main reason people in some countries file for bankruptcy is because of medical issues. Health insurance can offer the financial protection you may need both for unexpected health needs and for extras such as regular trips to the dentist or the need for glasses. Since medical insurance can help protect you from high medical costs, choosing to get one reduces the risk of going bankrupt.

Car Rental Insurance: Only in some cases.

Car rental insurance can be an overkill if you already have health insurance. Additionally, if you already have a car insurance policy that covers rental, you’ll be paying for the same thing twice. So, check the policies you already have, including homeowners’ or renters’ insurance.

You can consider getting this type of policy if you don’t have any policy that already covers you, if you are traveling abroad or if you are traveling for business and your company doesn’t cover rental insurance.

Automobile Insurance: This is a must.

As mentioned above, car insurance can also cover you for car rental. While in some countries getting automobile insurance is required by law, you should consider getting one even if it is not the case where you live. This policy will cover you if you are subject to a lawsuit for an accident you have been involved in and where someone got hurt or where their property was damaged.

This is the type of policy you do not want to skimp on. Accidents can happen at any time and anywhere and can end up costing quite a lot.

Flight Insurance? No!

Unless you are traveling somewhere that requires you to be covered by one, skip it. Despite what the media will have you believe it is extremely rare for airplanes to be involved in accidents.

Besides, the life insurance policy you’ve got will provide necessary coverage in the event of a catastrophe. In almost all cases, flight insurance coverages are completely redundant.

Homeowner’s Insurance: Don’t think twice about it, go buy one.

Because buying a new house or repairing one are expensive options, consider getting a policy that makes the repairs process less difficult. This form of property insurance usually provides coverage for the following: loss or damage of personal assets, interior damage, exterior damage, and injury that arises while on the property.

Contact an expert to get an accurate estimate of how much it will cost to repair or replace the house.

Unemployment Insurance: Not worth it.

While this coverage will partly pay some of your bills if you are out of work, there’s also the possibility of you never being out of work and hence never using that money. It would be a better idea to create a savings plan and an emergency fund instead. If you are unemployed for some time, you can draw from that fund to sustain you during that time. Otherwise, the money stays in your bank account and you can always use whenever you need it.

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