A lot can happen with just one accident. Having good auto insurance will give you peace of mind and, most importantly, protection.
Obtaining reliable, but affordable auto insurance is not difficult. Here are some examples of how to get a good price:
A good driving record can save you money - Insurance companies will take this into consideration and to get a low rate you need to have no violations on your record.
If you have multiple violations, such as speeding tickets and accidents, your rates will be much higher. If you are considered a high risk driver, then you may want to speak with an independent insurance agent as they are able to provide free auto insurance quotes from many insurance companies.
Teens, who have just received their license, will pay more for insurance than a more experienced driver.
New and young drivers with little experience are also more likely to be in an accident. Having your teen take a “Safe driving course” while earning their permit is a good way to save some money.
Insurance companies will check your credit history. Although your credit does not affect how well you drive, auto insurance companies want to make sure that you can pay your bills on time.
People with bad credit can pay a little more or even be rejected by some companies. If a company rejects it, there are others that will most likely insure it; but usually you will pay more for insurance.
If you are insuring multiple cars, you can always ask your Chicago insurance company for a multi-car discount.
You can also save money by combining your car insurance with your home or renters insurance, you can save between 10% and 20% on your annual premiums.
DUI Insurance is actually an “SR-22 Certificate”. The state of Illinois often requires an SR-22 for drivers that have had their licenses reinstated after being suspended due to:
The SR-22 certificate notifies the Illinois Secretary of State that you have met the state’s minimum insurance requirements for liability.
There are many insurance agents who speak Spanish that serve the Hispanic communities across Chicago. He or she can help you understand all of your options and help you find auto insurance after your license has been suspended.
Depending on the type of business you own or wish to start, you may be required to carry certain types of Business Insurance. This not only protects your customers, but also you and your business should any claims be made against your work or an accident occur that injures a person or damages another’s property.
Business Insurance can also include employee health insurance, commercial property insurance, and workers compensation etc.
Business Liability Insurance will pay compensation for any third party injury or damage to another’s property that you are determined responsible for. It will also provide compensation if one of your products cause injury or damage.
Here are some examples of how Business Liability Insurance can protect you:
You own a small plumbing business and you or one of your employees accidentally breaks a water line in the bathroom or kitchen and the water soaks into the wood or drywall causing damage. Your liability insurance would cover the costs for repairs that you are responsible for.
If you, or one of your employees, is working an electric job and accidentally leaves a “hot wire” that starts a fire, you are responsible for the damage caused by that fire. Business Liability insurance covers the damage to the third parties property.
You own your own cleaning business and you accidentally use a harsh chemical on a surface causing damage to the finish. Your business liability insurance will pay for the repairs or replacement, as well as the work needed to replace the item.
Whether you own a small food truck or a booming restaurant, if you or one of your employees serves food that is under-cooked or cross-contaminated, and your customers get sick, your general business liability policy will cover the medical claims.
Surety Bonds are required any time you bid for a private construction project or a public works project. Even homeowners will want to know that you are licensed and bonded before letting you perform any home addition, repair or remodeling work.
Whether you are a private contractor, electrician, plumber, tile worker or carpenter; the major types of surety bonds are the same: contractor license bonds, bid bonds, contract bonds (or performance bonds), and payment bonds.
Provides coverage for company vehicles, certain motorized equipment and employed drivers. It’ll cover should an employee cause an accident while driving a business van or truck, commercial insurance provides for bodily injury liability, property damage, and medical costs.
This insurance coverage ensures your employee’s financial needs are met if they are injured at work and protects you, as the employer, from being sued to cover the costs of their injury. It provides funds for medical care and rehabilitation, as well as compensation for lost wages.
Chicago’s biggest environmental threat to homes is it blizzards and snowstorms. Winter storms can cause extensive damage to roofs and burst water pipes.
Whether or not insurance will cover the damage caused by winter storms depends:
On your individual policy – in order to keep insurance costs low, sometimes people eliminate certain coverage options not realizing they are doing themselves a disservice.
How well you have maintained your house repairs – if a home is flooded because of a caved in roof, for example, insurance may cover water damage, but not structural damage or replace the roof because it was your responsibility to make sure your roof was newer or properly maintained.
Dwelling coverage varies depending on the value of your home. If your home is valued around $400,000, you can expect to pay an average of $1,500 per year.
This is a brief summary of some of the most common insurance policies everyone should have:
Protecting your possessions is important. For this reason, you should always have an insurance policy for your primary residence in the event of a storm, theft or fire, and be sure to carry enough coverage to pay for replacements of all your electronic equipment, clothing, and furniture.
If you don't have enough protection for your property and assets, talk to your insurance agent.
As an Illinois resident, there is a minimum amount of coverage required by law.
Liability insurance is generally made up of three types of coverage: Personal injury, personal injury, passenger and property damage.
You should always carry your insurance card in your vehicle, and present it to the police if you are stopped or in the event of an accident. Your insurance company will send you an insurance card when you purchase coverage or when you renew your policy.
If you have dependents, like a spouse and children, or even your elderly parents, who depend on your income, life insurance may be a necessity.
What life insurance will do is guarantee these parties a fixed amount of income for a specified period of time in the event that you die.
Independent of Obamacare, health insurance was not always required in the United States. But for many years it was very common to have health insurance for the whole family.
Doctor visits and prescription drugs have increased steadily, making it increasingly difficult for many people to pay for medical expenses.
The most common solution is usually to have a policy through your employer. But, there are other ways to save on health insurance. An example is having a policy with a high deductible that covers only important issues, such as prolonged hospital stays or unexpected surgeries. Talk to a licensed health insurance agent today for more details.
While renters’ Insurance is not required by the state of Illinois; many apartment and condo complexes will require it before you move in. In the event of a blizzard, flood or burst water pipe, renters insurance will replace or repair your personal items.
Chicago renters’ insurance is inexpensive compared to other types of insurance. A good policy will cost approximately $200 per year.
There are certainly ways to save money and find cheap renters’ insurance:
The Bilingual Insurance Agency Directory. Since 2008, Seguro-Insurance.com has helped consumers find affordable insurance rates in their native language.
