Homeowners Insurance
A standard homeowners insurance policy insures the home itself and the things you keep inside. By having homeowners insurance, you can financially protect yourself if there’s an accident. Contact our agency today to learn more about homeowners insurance or to get a no-obligation quote.
What Is Homeowners Insurance?
Home insurance is a package policy, which means that it covers damage to your property after a covered loss and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. There are usually additional coverages or endorsements, also called riders, that you can add to the standard coverages provided by home insurance to ensure adequate protection.
Do I Need Homeowners Insurance?
While purchasing a home insurance policy may not be mandated by the federal, state or local government, your lender may require proof of home insurance if you have a mortgage. Carrying appropriate homeowners insurance is always a good idea as the policy can help financially protect you if you experience a covered accident or other loss. Without home insurance, you may be left to cover the replacement or repair costs on your own following an incident.
How to Get Homeowners Insurance
If you need a homeowners insurance policy or want to evaluate whether the coverage you have is adequate, we’re here to help. Contact Knapp Miller Brown Insurance Services today to get started or request your free quote now.
Auto Insurance
Having the right auto insurance policy can help protect you financially if you are involved in an accident or your vehicle is damaged. An auto insurance policy is designed to provide you with a layer of protection against property, liability and medical costs following an accident. But choosing the right auto insurance can be overwhelming. Reach out to our agency today to learn more about auto insurance and find the policy that’s right for you.
What Do Auto Insurance Policies Cover?
Depending on the policy you choose, your coverages will vary. Here are some of the most popular coverages:
- Collision insurance—This portion of your policy helps cover damage costs if you are involved in a collision.
- Liability insurance—If you are at fault in a wreck, this type of coverage helps insure you against any damage you cause others. Most states, including Indiana, require drivers to carry minimum amounts of liability insurance. There are two kinds of coverage included in liability insurance:
- Property damage liability—This coverage helps pay for damage to the other driver’s property (e.g., their car).
- Bodily injury liability—This coverage helps pay for medical bills and sometimes death benefits for the other person involved in the wreck.
- Medical payments (MedPay) insurance—This portion of your policy helps you pay for the medical bills of you and your passengers if you are involved in an accident.
- Uninsured/underinsured motorist insurance—This type of coverage helps you cover the cost of damages caused by someone who doesn’t have adequate auto insurance, specifically liability coverage.
- Comprehensive insurance—This portion of your policy covers damages that are not related to a wreck, such as theft, weather damage or vandalism.
There may be additional coverages that will be necessary based on your unique situation. Be sure to ask our agency how we can tailor your auto coverage to your needs.
How to Get Auto Insurance
Knapp Miller Brown Insurance Services is committed to helping you find a policy to fit your specific needs. Reach out to us today to start the conversation or request a quote.
Life Insurance
Life insurance can help provide financial security for you or your loved ones by replacing lost income and covering various expenses after your death or when the policy’s term is up. If you’re looking for life insurance, we’re here to help. Our agency is ready to discuss your life insurance needs and help find a policy that’s right for you.
What Is Life Insurance?
Life insurance is a contractual agreement between you (the policyholder) and the insurance company. In exchange for paying the insurer a regular premium, your beneficiaries will receive a lump-sum death benefit when you pass away or after a specific amount of time has passed.
What Are the Types of Life Insurance?
There are two primary types of life insurance, including:
- Term life insurance—A term life policy provides a death benefit to your loved ones if you die during the policy’s term. This term might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, the policy does not pay and will expire when the term ends. You will also have to reapply for a new policy if you want to continue to have coverage.
- Whole life insurance—A whole life policy will last for the remainder of your life once you enroll. It will not expire unless you stop paying for it. Additionally, such a policy offers cash value investment opportunities. This cash value component can enable you to receive a source of income during your lifetime (in addition to the eventual death benefit).
Several other types of life insurance also exist. Speak to one of our agents to determine which type of coverage suits your particular needs.
How to Get Life Insurance
If you’re in need of a life insurance policy, we’re here to help. Contact Knapp Miller Brown Insurance Services today to get started or request your free quote now.
Personal Umbrella Insurance
Most personal lines liability policies, such as home, auto, renters or watercraft, have limits up to which it will pay out for covered claims. Having an umbrella insurance policy can help protect you from liability claims or lawsuits that exceed the limits of your current policies. To learn more about personal umbrella insurance and determine whether it’s right for you, contact us today.
Protect Your Financial Livelihood
Personal umbrella insurance can help protect you against potentially damaging liability claims or judgments by covering any liability costs that exceed your existing liability policy limits. For instance, if you cause an auto accident and a third party is injured, your auto insurance may cover the driver’s medical costs and repair costs to their car, up to your policy’s limit. If the medical expenses or property damages exceed your policy’s limits, and it can’t adequately cover the other driver’s bills, an umbrella policy may help cover the additional costs.
Without umbrella insurance, you’re liable for paying any additional expenses out-of-pocket. Also, your assets become vulnerable without umbrella insurance, including your house, car, financial and retirement accounts, and future income.
Contact Us Today
A personal umbrella insurance policy may cover claims that exceed the liability limits of your existing policies. Knapp Miller Brown Insurance Services can help you evaluate your needs and risks to ensure you have suitable coverage to protect your financial livelihood. Contact us today to get started or request your free quote now.