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Tips

Why It’s Important to Replace Your Roof for Your Homeowners Insurance

Whether it’s raining, hailing, or windy outside, your roof takes the brunt of all the harsh elements. However, if your roof has been neglected and isn’t in tip-top shape when bad weather hits, then you could be putting your home at risk for leaks or other potential severe damage. If your roof is old, faulty, or on its last leg, your home may be categorized as high risk. This also means you may be paying a higher premium for your policy. Here, we’ll review what’s typically covered for roof damages and why a new roof could decrease your homeowners insurance.

Keeping your roof well-maintained is a general best practice to avoid extensive repairs or premature replacements of your roof. Typically, insurance policies may cover the following roof damages:

  • Rain
  • Hail
  • Wind
  • Fire
  • Fallen objects
  • Hurricanes
  • Tornadoes

Some insurance companies will provide discounts to homeowners after they’ve installed a new roof. An asphalt shingle roof that’s 15 years old is more prone to leaks simply due to the fact that it’s near the end of its lifespan and has taken the brunt of 15 years of weather. For this reason, older roofs can be categorized as high-risk since homeowners are more likely to file a claim for damage, which results in a higher insurance premium.

On the other hand, a newer roof is less likely to be susceptible to weather damage simply due to the fact that it’s new. Different states and different insurance companies have their own discounts for new roofs, so you’ll want to consult with your insurance agent to determine how much of a discount you can receive as each insurance company has their own set of requirements for what qualifies for a new-roof discount.

Getting homeowners insurance will allow you to protect your home in the case of unexpected damages during storms or inclement weather. However, the price of protection can be hefty if you have an older roof. Some insurance companies will offer discounts for new roofs simply because it’s a new roof that hasn’t taken the brunt of ever-changing weather. In addition, some insurance companies will offer discounts for impact-resistant roofs. Fortunately, new technological advances in the roofing industry have allowed manufacturers to develop roofs that can withstand high winds, are resistant to moisture-related growth, and are resistant to impact from falling tree branches. Contact Bassler & Co. Insurance Agency in Northbrook, IL to see how your homeowners insurance policy is affected if you decide it’s time to get a new roof. You can reach us by phone at (847) 480-0800 or online at https://www.basslerins.com/.

Source: https://www.stateroofing.com/blog/roofing/why-a-new-roof-will-decrease-your-homeowners-insurance/

Why Single People Need Life Insurance

Many people wonder if single people need life insurance.

It’s easy to believe the answer is “no.” After all, the main purpose of life insurance is to provide cash to your family if you were to pass away. So, it seems logical to think you don’t need life insurance if a spouse or kids aren’t depending on your earnings.

However, there are definite times when single people need life insurance. Here are some of the most common reasons to consider life insurance if you’re flying solo.

7 Reasons Why Single People Need Life Insurance

You have debt.

Not saddling others with debt is a major reason why single people need life insurance. This is typically the case when there’s a cosigner on your loan or when you share a mortgage with a friend, relative or someone else.

Private student loans can be especially burdensome to your cosigners. That’s because unlike federal loans, they aren’t discharged when you die. This could leave a cosigner like a parent on the hook for many thousands of dollars. Shared mortgages could also leave your fellow borrower in the same predicament.

An easy and affordable solution if you have debt like this is to get term life insurance. It will step in and pay off your portion of the loan if you were to pass away prematurely.

You have people who depend on you.

Just because you’re single doesn’t mean people don’t depend on you. Perhaps you’re a single parent with young children. Or you have aging parents or disabled siblings who rely on you. If anyone counts on your income to make ends meet, you almost certainly need some form of life insurance.

You own a business.

In most cases, the financial institution that issues your business loan will require you to have life insurance. That’s to ensure they get their money back if you die before the loan is paid off.

Life insurance is also needed when you have a business partner. Your death will probably leave the business in a lurch. Fortunately, there’s special insurance known as “key person” insurance that can help keep the business afloat in the event of your untimely passing.

You want to pay for final expenses.

Did you know that a funeral can easily cost more than $10,000?

A potential five-figure price tag for a proper burial is a big reason why single people need life insurance. Without it, your friends and family will be on the line to cover those costs.

You want to grow your wealth.

Life insurance isn’t just there to take care of things if you’re not around. It can also benefit you while you’re living if you have permanent life insurance.

Permanent life insurance gives you a death benefit while also accumulating cash value on a tax-deferred basis. You can use that accumulated cash to increase your personal wealth or to buy a home, supplement your retirement income, cover an emergency expense and more.

You want to lock in coverage while you’re young and healthy.

Your health affects whether you get life insurance and how much you pay for it. Generally speaking, younger people in better health have an easier time getting life insurance. They also usually pay less for it.

For these reasons, it’s often a good idea to lock in coverage at an affordable rate when you’re young and healthy. If you wait until you develop a health condition, it can be difficult (if not impossible) to get life insurance coverage. This can be tough news to swallow if you have a partner or children depending on you by that time.

You want to leave a legacy.

Leaving money to a beloved school, religious organization, charity or person is another reason why single people need life insurance. Some or all of the policy’s proceeds could help further a mission near and dear to your heart. It could also help someone realize their dreams if you choose to give the money to someone you care about.

These scenarios show why single people need life insurance. If any of these resonate with you, show yourself some love by reaching out to Bassler & Co. Insurance Agency in Northbrook, Illinois to get started on your life insurance policy. You can reach us by phone at (847) 480-0800 or visit our website at https://www.basslerins.com/.  Source:  Amanda Austin | https://lifehappens.org/blog/why-single-people-need-life-insurance/

Factors Driving a Hard Insurance Market and How to Respond

From an insurance buyer’s perspective, it can sometimes feel as if premium prices change on a whim. But the truth is that the insurance market is cyclical in nature, fluctuating between soft and hard markets:

  • Soft markets—A soft market, which is sometimes called a buyer’s market, is characterized by stable premiums, broader terms of coverage, increased capacity, higher available limits and competition among insurance carriers for new business.
  • Hard markets—A hard market, which is sometimes called a seller’s market, is characterized by increased premiums, diminished underwriting appetite and capacity, restricted coverage and less competition among insurance carriers for new business.

While many insurance buyers have enjoyed a soft market for years, the market is hardening. As a result, business leaders now face tough choices regarding their insurance, making it all the more important for them to understand what to expect in a hardening market and how to respond effectively.

Factors Contributing to a Hardening Market

In what was one of the longest soft markets in recent years, businesses across several lines of insurance enjoyed stable premiums and expanded coverage for decades. However, after years of gradual changes, the market is firming, leading to increased premiums and reduced capacity.

A number of different factors affect insurance pricing, but the following are common contributors to the hardening market:

  • Catastrophic losses—Floods, hurricanes, wildfires, and similar disasters are increasingly common and devastating. Years of costly disasters like these have compounded losses for insurers, driving up the cost of coverage overall.
  • Claims costs—Claims are increasing in both frequency and severity year over year. One reason for this is that settlement verdicts for bodily injury claims are steadily rising. Attorneys are more inclined to take claims to trial. This extends litigation and significantly raises the cost to defend a claim. Additionally, advances in health care have made treatment more effective, and people are living longer, fuller lives even after a serious accident. While this is a positive trend, it has had an impact on compensatory damages and benefits.
  • Underwriting standards—Insurers are struggling to overcome underwriting losses, especially given how low interest rates have remained in recent times. This has made carriers more cautious, and many are restricting the classes of businesses and lines of insurance they are willing to underwrite.
  • Investment returns—Nearly every insurance carrier uses the funds it receives from premiums to invest in other markets. However, reduced interest rates have negatively impacted profitability, and carriers have a reduced their appetite for risk as a result.
  • Reinsurance—Reinsurance is coverage for insurance companies. Carriers often buy reinsurance for risks they can’t or don’t wish to retain fully. However, reinsurance is becoming more expensive to obtain, which is causing carriers to increase their rates.

What to Expect During a Hard Market and How to Respond

Even the most prepared organizations will have to adapt to the hard market, and businesses can expect to face:

  • Higher premiums
  • Increased scrutiny when it comes to underwriting (e.g., underwriters asking for more information regarding a business’s risk and characteristics)
  • Coverage restrictions (e.g., increased retentions) or exclusions
  • Conditional or nonrenewal notices

Put simply, during a hard market, insurance buyers may face difficult decisions regarding their insurance coverage. Thankfully, however, businesses are not without recourse in the face of a hard market. The following are some strategies to consider to help navigate shifts in the market:

  1. Review your insurance program. Above all, check that your policies account for your business’s greatest exposures. An understanding of your coverage ensures you’re not overlooking any exclusions and will help you secure the right policy for your operations. During a hardening market, it may be necessary to make adjustments to your policies. However, those adjustments shouldn’t come at the expense of the coverage you need.
  2. Bolster your risk management efforts where possible. Doing so makes your business more attractive to insurers. Your broker can also help you review existing policies and procedures, and make suggestions on ways to secure favorable quotes.
  3. Know your loss history. In a hard market, underwriters will be especially critical when reviewing loss trends. Be prepared to explain the factors contributing to a specific loss and the steps you’ve taken to mitigate future losses.
  4. Budget wisely and plan ahead. In some cases, premium increases are unavoidable, and organizations should be prepared. Businesses should budget accordingly and take insurance costs into account alongside their other normal expenses.
  5. Work with the right insurance broker. During a hard insurance market, it’s vital to have a competent insurance professional advising your business. Be sure to partner with a broker that has strong carrier relationships and knowledge of your industry.
  6. Communicate with your broker early and often to determine how the hard market will affect your business. Starting the renewal process early can give your broker more time to secure the best coverage for your business.

Business owners who proactively address risk, control losses and manage exposures will be better prepared for a hardening market than those who do not. Work with your broker now to prepare your business for changes down the road. Contact Bassler & Co. Insurance Agency in Northbrook, Illinois today to get started. You can reach us by phone at (847) 480-0800 or visit our website at https://www.basslerins.com/. Source: www.zywave.com

Construction Insurance 101

What is construction insurance?

There are many types of construction insurances (also known as contractors insurance) intended to protect a property developer and other stakeholders throughout the stages of a construction project.

Contractors insurance, which is basically insurance for a construction project, is a wide classification of coverage that relates to the erection of buildings, roads, bridges or any other types of structures.

The following is a list of the most common types of contractors insurance and how they protect those involved in the stages of construction.

Builder’s Risk Insurance

Builder’s risk insurance (all risk insurance) is coverage for buildings and other structures during construction.

This policy should be prioritized even where policies such as commercial property insurance and homeowner’s insurance have been purchased, since the policies do not cover structures under construction.

Builder’s risk insurance covers residential new construction and remodeling projects, commercial property construction, building materials, foundations, scaffolding, fencing, paving, outdoor fixtures, and lawns fitted by the contractor.

In most cases, all risk insurance covers damages caused by fire, vandalism, and weather, although some construction insurance companies can offer special coverage for unique projects.

Construction bonds

Construction (contract) bonds are intended to guarantee that a project will be completed if accepted, and if failed an entity will be made to pay for the damage.

There are several types of construction bonds, including:

⦁ Bid bonds – which guarantee that bid proposals are serious and that the bidder is capable of undertaking the project.

⦁ Payment bonds – which assure that the builder can provide payments to suppliers, subcontractors, and site workers.

⦁ Supply bonds – which guarantee that suppliers will deliver building materials and other supplies as per the contract.

⦁ Performance bonds – which compel the contractor to follow the quality guidelines set out in the project’s contract.

⦁ Maintenance (warranty) bonds – which protect the project owner from poor workmanship for a period of time after the work is done.

Contractor license bonds

This is an agreement – similar to construction insurance policies – which assures that a contractor will obey the rules that pertain to their contractor license.

It is designed to protect members of the public and the people who will work or do business with the contractor.

Contractor license bonds are offered by insurance companies and the cost usually varies depending on the contractor’s historical track-record of income and credit score. The better the track-record the cheaper the bond.

Workman’s Compensation

This type of construction insurance is designed to protect businesses and contractors from any liability in the event their worker is injured while on duty.

It covers medical expenses as a result of a covered incident, ongoing recovery expenses related to an injury, missed wages, legal fees if the policy holder is taken to court, as well as funeral costs and death benefits.

General liability insurance

Also known as commercial general liability insurance, this type of insurance for construction offers a liability protection to businesses in the event of property damage or bodily harm in the course of business.

General liability insurance policies for construction companies usually cover damages relating to defective workmanship, work-related injuries, and defamation.

Like in other types of construction insurances, general liability insurance outlines certain exclusions to protect insurers from having to cover certain risks.

Construction equipment insurance

⦁ Computers and data – desktops, laptops, tablets, and project data.
⦁ Owner’s equipment – forklifts, cranes, loaders, excavators, etc.
⦁ Contractor’s tools and equipment – generators, drills, hammers, saws, etc.
⦁ Leased equipment – leased equipment and tools.

This policy typically covers items at either replacement cost or at the fair market value of the stolen or damaged items.

Coverage of this nature includes equipment stolen from a construction site as well as those damaged in a fire or natural disaster at a jobsite.

Professional liability insurance

Also known as errors and omissions (E&O) insurance, this type of coverage offers protection for a business against claims resulting from errors and mistakes that occur during normal business operations.

A good example of E&O coverage is the case of an engineer who miscalculates the structural requirements of a house – causing the owner to make expensive repairs.

The homeowner may sue the engineer for damages caused by his mistakes. In this case, the E&O policy in the engineer’s insurance policy might cover the claim.

However, unlike other policies that cover property damage or bodily injuries suffered in the line of duty, E&O policies only cover financial losses.

If you have any questions regarding contractors insurance or need any additional information, contact Bassler & Co. Insurance Agency in Northbrook, Illinois. We are an independent insurance agency, which means we work for our customers not the insurance carrier! We can shop around to find you the contractors insurance coverage you need at a price you can afford. You can reach us by phone at (847) 480-0800 or online at https://www.basslerins.com/.

Source: https://www.constructionkenya.com/10113/construction-insurance/

Why Auto Insurance is Important: Protecting Yourself and Others on the Road

Auto insurance is necessary for anyone who owns and operates a vehicle. It is required by law in most states and provides essential protection for you and others on the road. In this blog, we’ll discuss the importance of auto insurance and how it can protect you and others on the road.

1. Required by Law

In most states, auto insurance is required by law. You could face legal consequences if caught driving without insurance, including fines and license suspension. Understanding your state’s requirements and ensuring adequate coverage to avoid legal issues is important.

2. Protection for Your Vehicle

Auto insurance can provide coverage for your vehicle in case of damage or theft. If you’re in an accident or your car is stolen, your insurance policy can help cover the cost of repairs or replacement.

3. Liability Protection

Auto insurance also provides liability protection, which means that if you’re at fault in an accident, your insurance policy can help cover the cost of any damages or injuries you cause to others. Without liability protection, you could be personally responsible for these costs, which can be financially devastating.

4. Medical Coverage

Many auto insurance policies also provide medical coverage for you and your passengers in case of injury in an accident. This can help cover the cost of medical bills and related expenses.

5. Peace of Mind

Auto insurance can give you peace of mind knowing that you’re protected in an accident or other event. It’s one less thing to worry about while on the road.

In conclusion, auto insurance is important for protecting yourself and others on the road. It’s required by law in most states and provides protection for your vehicle, liability protection, medical coverage, and peace of mind. When selecting an auto insurance policy, make sure to consider your personal needs and budget, and shop around to find the best coverage and rates for your needs.

If you have any questions regarding auto insurance or need any additional information, contact Bassler & Co. Insurance Agency in Northbrook, Illinois. We are an independent insurance agency, which means we work for our customers not the insurance carrier! We can shop around to find you the auto insurance coverage you need at a price you can afford. You can reach us by phone at (847) 480-0800 or online at https://www.basslerins.com/.

Why Single People Need Life Insurance

Many people wonder if single people need life insurance.

It’s easy to believe the answer is “no.” After all, the main purpose of life insurance is to provide cash to your family if you were to pass away. So, it seems logical to think you don’t need life insurance if a spouse or kids aren’t depending on your earnings.

However, there are definite times when single people need life insurance. Here are some of the most common reasons to consider life insurance if you’re flying solo.

7 Reasons Why Single People Need Life Insurance

You have debt.

Not saddling others with debt is a major reason why single people need life insurance. This is typically the case when there’s a cosigner on your loan or when you share a mortgage with a friend, relative or someone else.

Private student loans can be especially burdensome to your cosigners. That’s because unlike federal loans, they aren’t discharged when you die. This could leave a cosigner like a parent on the hook for many thousands of dollars. Shared mortgages could also leave your fellow borrower in the same predicament.

An easy and affordable solution if you have debt like this is to get term life insurance. It will step in and pay off your portion of the loan if you were to pass away prematurely.

You have people who depend on you.

Just because you’re single doesn’t mean people don’t depend on you. Perhaps you’re a single parent with young children. Or you have aging parents or disabled siblings who rely on you. If anyone counts on your income to make ends meet, you almost certainly need some form of life insurance.

You own a business.

In most cases, the financial institution that issues your business loan will require you to have life insurance. That’s to ensure they get their money back if you die before the loan is paid off.

Life insurance is also needed when you have a business partner. Your death will probably leave the business in a lurch. Fortunately, there’s special insurance known as “key person” insurance that can help keep the business afloat in the event of your untimely passing.

You want to pay for final expenses.

Did you know that a funeral can easily cost more than $10,000?

A potential five-figure price tag for a proper burial is a big reason why single people need life insurance. Without it, your friends and family will be on the line to cover those costs.

You want to grow your wealth.

Life insurance isn’t just there to take care of things if you’re not around. It can also benefit you while you’re living if you have permanent life insurance.

Permanent life insurance gives you a death benefit while also accumulating cash value on a tax-deferred basis. You can use that accumulated cash to increase your personal wealth or to buy a home, supplement your retirement income, cover an emergency expense and more.

You want to lock in coverage while you’re young and healthy.

Your health affects whether you get life insurance and how much you pay for it. Generally speaking, younger people in better health have an easier time getting life insurance. They also usually pay less for it.

For these reasons, it’s often a good idea to lock in coverage at an affordable rate when you’re young and healthy. If you wait until you develop a health condition, it can be difficult (if not impossible) to get life insurance coverage. This can be tough news to swallow if you have a partner or children depending on you by that time.

You want to leave a legacy.

Leaving money to a beloved school, religious organization, charity or person is another reason why single people need life insurance. Some or all of the policy’s proceeds could help further a mission near and dear to your heart. It could also help someone realize their dreams if you choose to give the money to someone you care about.

These scenarios show why single people need life insurance. If any of these resonate with you, show yourself some love by reaching out to us to get started on your life insurance policy. For more information regarding life insurance or to begin your free life insurance quote, contact Bassler & Co. Insurance Agency in Northbrook, Illinois. You can reach us by phone at (847) 480-0800 or visit our website at https://www.basslerins.com/. Source:  Amanda Austin | https://lifehappens.org/blog/why-single-people-need-life-insurance/

Water Safety: How to Stay Safe in Pools, Lakes, and Oceans

Water can be a great source of fun and relaxation, but it can also be dangerous if you don’t take proper precautions. Whether swimming in a pool, lake, or ocean, it’s important to be aware of potential hazards and to take steps to stay safe. Here are some tips for water safety that you should keep in mind.

1. Learn to Swim

The first and most important step to staying safe in the water is to learn to swim. Everyone should learn to swim, regardless of age or ability. If you need to learn how to swim, enroll in a swim class to learn the basics. Even if you’re already a strong swimmer, it’s a good idea to brush up on your skills and take a refresher course occasionally.

2. Never Swim Alone

Never swim alone, whether in a pool, lake, or ocean. Always have someone with you who can keep an eye on you and call for help if necessary. If you’re swimming in a public place, make sure there’s a lifeguard on duty.

3. Know Your Limits

It’s important to know your limits when it comes to swimming. Don’t push yourself too hard or try to swim too far if you’re not a strong swimmer. If you’re tired, take a break and rest. Please don’t drink alcohol before swimming, as it can impair your judgment and reaction time.

4. Check the Water Conditions

Before swimming, always check the water conditions. If you’re swimming in a pool, make sure the water is clear, and the pool is properly maintained. If swimming in a lake or ocean, check for signs of pollution, strong currents, or dangerous marine life. Don’t swim in areas that are marked as off-limits.

5. Wear a Life Jacket

If you’re boating or kayaking, always wear a life jacket. Even if you’re a strong swimmer, a life jacket can help you stay afloat if you become tired or injured. Make sure your life jacket fits properly and is in good condition.

6. Stay Hydrated

Staying hydrated is essential when you’re swimming, especially in hot weather. Drink plenty of water before, during, and after swimming to avoid dehydration. Please don’t drink alcohol or caffeine, as they can dehydrate you.

7. Know What to Do in an Emergency

Finally, it’s important to know what to do in an emergency. If someone is in trouble in the water, call for help immediately. If you’re a strong swimmer and you feel comfortable doing so, try to help the person while you wait for help to arrive. If you’re not a strong swimmer, don’t attempt a rescue yourself, as you could put yourself in danger.

In conclusion, water can be a great source of fun and relaxation, but it can also be dangerous if you don’t take proper precautions. By following these tips for water safety, you can help ensure that you and your loved ones stay safe in the water. Always be aware of potential hazards and take steps to stay safe. For more information regarding water safety or to request your free insurance quote, contact Bassler & Co. Insurance Agency in Northbrook, Illinois. You can reach us by phone at (847) 480-0800 or visit our website at https://www.basslerins.com/.

Tips for Saving Money on Renters Insurance Premiums

Renters insurance is an essential investment for anyone renting a home or apartment. It provides protection for your personal belongings and liability coverage in case of accidents or damages. However, the cost of renters insurance premiums can vary depending on several factors. Here are some tips for saving money on renters insurance premiums without sacrificing coverage.

1. Shop around for the best rates.

Insurance companies offer different rates for renters insurance. Shopping around and comparing rates from multiple providers is essential to find the best deal. Look for insurance companies that offer discounts for bundling policies, having a good credit score, or installing safety features like smoke detectors and security systems.

2. Increase your deductible.

Your deductible is the amount you pay out of pocket before your insurance coverage kicks in. By increasing your deductible, you can lower your monthly premiums. However, make sure you choose a deductible you can afford to pay if you need to file a claim.

3. Ask about available discounts.

Many insurance companies offer discounts that can help lower your premiums. Ask your insurance provider if they offer discounts for being a member of a professional organization or for having a good credit score. You can also ask if they offer discounts for installing safety features like smoke detectors or security systems.

4. Bundle your policies.

If you have multiple insurance policies, such as auto or life insurance, consider bundling them with your renters insurance. Many insurance companies offer discounts for bundling policies, which can help you save money on your monthly premiums.

5. Don’t over-insure.

Make sure you’re paying for only what you need. Take an inventory of your belongings and estimate their value to ensure that you’re not over-insuring. This can help lower your premiums and save you money in the long run.

In conclusion, several ways exist to save money on renters insurance premiums without sacrificing coverage. By shopping around, increasing your deductible, asking about available discounts, bundling your policies, and not over-insuring, you can find affordable renters insurance that fits your needs and budget.

For additional information regarding renters insurance or to request your free renters insurance quote, contact Bassler & Co. Insurance Agency in Northbrook, Illinois. You can reach us by phone at (847) 480-0800 or by visiting our website at https://www.basslerins.com/.

The Importance of Boat Insurance

Boating is a beloved recreational activity that allows people to explore the wonders of the open water, bask in the sun’s warmth, and create lasting memories with family and friends. However, just as you would insure your home or car, it’s essential to recognize the importance of boat insurance. Whether you own a small fishing boat or a luxurious yacht, having adequate insurance coverage can protect you, your passengers, and your investment from unforeseen risks and potential financial burdens. In this blog post, we will explore the significance of boat insurance and why it should be an integral part of your boating journey.

Financial Protection

Boats, like any valuable asset, can be susceptible to accidents, theft, vandalism, and natural disasters. Without proper insurance, you could find yourself responsible for substantial repair costs or even face the loss of your boat altogether. Boat insurance provides financial protection against such risks, ensuring that you are not burdened with significant expenses in the event of an accident or other unforeseen events. Whether it’s damage to your boat, injuries to passengers, or liability for damages caused to other vessels, boat insurance helps mitigate the financial impact of these incidents.

Liability Coverage

One of the essential aspects of boat insurance is liability coverage. Accidents can happen on the water, and if you are found responsible for causing injury to others or damaging their property, you may face legal claims and lawsuits. Boat insurance provides liability coverage, protecting you from potentially crippling legal expenses and compensation claims. This coverage not only safeguards your financial well-being but also offers peace of mind, allowing you to enjoy your time on the water without constant worry.

Protection Against Uninsured Boaters

Unfortunately, not all boaters have insurance coverage, which can put responsible boat owners at risk. If you encounter an uninsured boater who causes damage to your vessel or injures you or your passengers, boat insurance can step in and provide the necessary coverage. Uninsured boater insurance ensures that you are not left to bear the financial burden caused by someone else’s negligence or lack of insurance.

Additional Coverages

Beyond the basic coverage options, boat insurance often offers additional benefits and coverages. These may include protection against towing expenses, wreckage removal, fuel spills, medical payments, and personal property coverage. Having comprehensive coverage tailored to your specific boating needs ensures that you are adequately protected from a wide range of risks that could arise while out on the water.

Peace of Mind

Perhaps one of the most valuable aspects of boat insurance is the peace of mind it provides. Knowing that you have proper coverage in place allows you to focus on enjoying your time on the water without constant worry about what might happen in case of an accident or other mishap. It gives you the freedom to fully embrace the boating experience, knowing that you have taken steps to protect yourself, your passengers, and your investment.

Boat insurance is a crucial aspect of responsible boating. It offers financial protection, liability coverage, safeguards against uninsured boaters, and additional benefits that ensure you can navigate the waters with confidence and peace of mind. Just as you would protect your home, car, or any other valuable possession, insuring your boat is a wise investment. So, before embarking on your next boating adventure, take the time to explore our boating insurance options and select a policy that suits your needs. Your boat and your peace of mind will thank you.

For additional information regarding boat insurance or to request your free boat insurance quote, contact Bassler & Co. Insurance Agency in Northbrook, Illinois. You can reach us by phone at (847) 480-0800 or by visiting our website at https://www.basslerins.com/.

Understanding Different Types of Auto Insurance Policies

Auto insurance is a necessary expense for all vehicle owners. It helps protect you financially in case of an accident or theft. In this blog, we’ll break down the various types of auto insurance policies to help you decide which one is right for you.

1. Liability Insurance

Liability insurance is the most basic type of auto insurance policy. It covers the cost of damages and injuries you may cause to others in an accident. This type of insurance is mandatory in most states, and the minimum coverage required varies from state to state.

Liability insurance has two types of coverage:

Bodily injury liability: This coverage pays for the other party’s medical expenses, lost wages, and pain and suffering in an accident you caused.

Property damage liability: This coverage pays for repairing or replacing the other party’s property damaged in an accident you caused.

2. Collision Insurance

Collision insurance covers the cost of damages to your vehicle in an accident, regardless of who is at fault. This policy is optional but is highly recommended if you have a newer or more expensive vehicle. Collision insurance also covers damages caused by hitting a stationary object, such as a tree or a wall.

3. Comprehensive Insurance

Comprehensive insurance covers damages to your vehicle that are not caused by an accident, such as theft, vandalism, or natural disasters. It also covers damages caused by hitting an animal. This type of insurance is optional but recommended if you live in an area prone to theft or natural disasters.

4. Personal Injury Protection (PIP)

Personal Injury Protection (PIP) insurance covers the medical expenses and lost wages of you and your passengers if you are involved in an accident, regardless of who is at fault. This type of insurance is mandatory in some states and optional in others.

5. Uninsured/Underinsured Motorist Insurance

Uninsured/Underinsured Motorist insurance covers the damages and injuries you may sustain in an accident caused by an uninsured or underinsured driver. This type of insurance is optional but recommended if you live in an area with many uninsured or underinsured drivers.

In conclusion, it’s essential to understand the different types of auto insurance policies available to decide which one is right for you. Consider your driving habits, the value of your vehicle, and the likelihood of accidents in your area before choosing a policy. The experienced team at Bassler & Co. Insurance Agency in Northbrook, Illinois is ready to help answer any questions you have and provide you a free auto insurance quote. You can reach us via phone at (847) 480-0800 or online at https://www.basslerins.com/.

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