FAQ

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Homeowners are seeing large increases from many Insurance carriers. This trend will continue and effect all of the regional Insurance Companies. I am confident the Companies we represent will offer the most stable Home policy, coverage and premium. We are concerned about our clients if a claim should happen. We know our Companies will be there when needed with a strong financial rating and sound management.

In general you will see an increase in the future on your homeowner premiums?

Here are some of the reasons why:

The Midwest enjoyed many years without the threat of hurricanes. This type of weather typically struck the coastal areas of our country. As you will certainly recall, a Sunday afternoon in September of 2008 changed this. Many residences were without power for many days and many suffered damage to their homes and personal property. What you might not have known is that this hurricane fondly referred to as "IKE" produced insurance damages to local homes (Ohio, Kentucky, and Indiana) of over $1.4 billion in a single incident. Typically, insurance companies pay out around $10 million in one year for weather related losses for Ohio, Kentucky, and Indiana.

As a result of the substantial losses, ALL insurance companies are increasing premiums ranging from 12 to 25%.

This year 2011 another wind loss in May has caused an estimated 400M and growing. It was recorded as the third largest in Ohio history and again will affect many companies rates!

Please do not hesitate to call me to discuss any questions you have and review your policy to reevaluate your coverage needs.

Thank you,
Steve

Simply put, if you have a job, you most likely need disability insurance. The possibility of a disabling illness or injury may seem remote, but statistics paint a different picture. Nearly one in three women can expect to suffer a disability that keeps them out of work for 90 days or longer at some point during their working years. For men, the odds are about one in four. And one worker in seven can expect to be disabled for five or more years before retirement.

If someone will suffer financially when you die, chances are you need life insurance. Life insurance provides cash to your family after your death. This cash (known as the death benefit) replaces your income and can help your family meet many important financial needs like funeral costs, daily living expenses and college funding. Whats more, there is no federal income tax on life insurance benefits. Most Americans need life insurance. To figure out if you need life insurance, you need to think through the worst-case scenario. If you died tomorrow, how would your loved ones fare financially? Would they have the money to pay for your final expenses (e.g., funeral costs, medical bills, taxes, debts, lawyers fees, etc.)? Would they be able to meet ongoing living expenses like the rent or mortgage, food, clothing, transportation costs, healthcare, etc? What about long-range financial goals? Without your contribution to the household, would your surviving spouse be able to save enough money to put the kids through college or retire comfortably? The truth is, it is always a struggle when you lose someone you love. But your emotional struggles do not need to be compounded by financial difficulties. Life insurance helps make sure that the people you care about will be provided for financially, even if you are not there to care for them yourself.

Choosing a life insurance policy to protect your life does not have to be complicated. Please contact our office for help in determining your life insurance needs.