Hidden values in your life insurance policy

Posted on by admin

Life insurance often offers more than what initially meets the eye. It provides a death benefit should the insured pass away while under the policy coverage. However, just beneath the surface, it often provides additional value. Here are some hidden benefits Indianapolis, IN residents can discover with life insurance from Irvington Insurance.

Cash Value

Permanent life insurance often includes a savings element, building equity over time.

Accidental Death Benefit

Many life insurance policies will pay a multiple of the death benefit if the insured’s death occurs by accidental means.

Waiver of Premium

Life insurance policies often include a waiver of premium benefit that covers premium payments should the owner become disabled. This can help keep a policy in force during a difficult time.

Guaranteed Insurability

Some life insurance policies include provisions allowing an insured to secure additional coverage regardless of health or physical conditions that may change.

Tax Advantages

Life insurance policy benefits are generally non-taxable. This means the benefits go directly to the beneficiary without going through probate or being subject to income taxes.

Now is the Time

Life insurance premiums are usually less expensive when you are younger and healthy. This makes now the best time to secure coverage.

Contact Irvington Insurance Today

There may be more to life insurance than you think. We encourage those in the Indianapolis, IN area to contact us at Irvington Insurance. We are here to answer your questions and get you started. The more you know, the more you may appreciate the benefits of life insurance. We are here to help.

What Is the Difference Between Home Insurance and Renter’s Insurance?

Posted on by admin

Whether you’re a renter or a homeowner, getting the right kind of insurance for your needs is important. At Irvington Insurance, servicing Indianapolis, IN, we can help you understand the differences between these two types of insurance. If you’ve been a renter all your life but have never owned a home or owned homes but never rented, you’ll want to understand how these two policy types differ. Here’s what you need to know.

What is Home Insurance?

Home insurance is a type of insurance that pays to repair or replace your personal items in the event that they are damaged in a covered event. Home insurance can also pay to repair or replace your house after a covered event causes damage to your home’s structure. Covered events include fire, wind damage, lightning strikes, theft, and vandalism.

Home insurance is a requirement for most people who have a mortgage, but even people who don’t often choose to get it because it provides essential protection for the homeowner.

What Is Renter’s Insurance?

Renter’s insurance is a type of insurance that pays to repair or replace your personal belongings if a covered event occurs. The renter’s insurance does not pay to repair or replace the structure if damage occurs. Renter’s insurance is not usually a requirement for a renter, but many still choose to get renters insurance.

Why Is Insurance Important?

Most people can’t afford to replace everything they own when disaster strikes. Having insurance, whether it’s home insurance or renters insurance, can protect you from the kind of financial ruin that can occur after certain covered events. Insurance provides peace of mind.

Want to know more about renters and home insurance? Contact Irvington Insurance, servicing Indianapolis, IN. We can help.

Understanding Auto Insurance Coverage for Rental Cars

Posted on by admin

Rental Car Insurance: Understanding Your Coverage

Planning a trip often involves renting a car, but understanding the insurance implications can be tricky. At Irvington Insurance in Indianapolis, IN, we’re here to make it simple and stress-free.

Assessing the Need for Extra Coverage

When renting a car, the rental company might push you to buy their insurance. But before you do, check your existing auto policy. Many policies include rental car coverage, which could save you money. Understanding what your policy covers is crucial to avoid unnecessary expenses.

Understanding Your Policy Coverage

Your auto insurance might already cover rental cars, but verifying the specifics is important. Typically, if you have collision and comprehensive coverage, it extends to rental vehicles. This means you might not need additional protection from the rental company. However, always confirm with your provider to ensure you’re adequately covered.

Exploring Credit Card Benefits

Another option to consider is your credit card. Many credit cards offer rental car insurance as a perk, but the coverage varies. It’s a good idea to call your credit card company to understand what’s included. This can serve as a backup or even replace the need for extra insurance.

Making Informed Decisions

Understanding your options helps you make informed decisions and avoid spending more than necessary. It’s all about knowing what’s available to you and using it to your advantage.

Need Help With Your Auto Insurance Coverage? Call Us Today In Indianapolis, IN.

If you’re unsure about your coverage, Irvington Insurance, providing auto insurance coverage to residents in and around the greater Indianapolis, IN area, is here to help. Our team can review your policy and ensure you have the proper protection before you hit the road. Contact us today to discuss your insurance needs and travel with confidence.

What is the value of getting a life insurance in Indianapolis?

Posted on by admin

Life Insurance: A Crucial Asset in Indianapolis, IN

If you reside in the Indianapolis, IN area, obtaining insurance is of paramount importance. Among the types of insurance to consider seriously is life insurance. A life insurance plan offers numerous benefits, and understanding these can convince you of its necessity. Here’s why having life insurance is advisable in this area.

Financial Security and Protection for Your Loved Ones

One of the prime reasons for obtaining life insurance is to provide financial support and protection to those you hold dear. Life insurance lets you create a plan that caters to the financial needs of your dependents in case of your untimely demise during the policy term. This ensures their financial requirements continue to be met, giving you peace of mind.

An Investment Alternative

Life insurance can also serve as an investment option. A whole life insurance policy can be valuable to any long-term financial plan. With this form of insurance, a part of your payment accumulates in an account, growing over time. This sum can be liquidated or borrowed against in the future, making it a low-risk, beneficial investment.

Finding the Right Life Insurance Coverage

If you call Indianapolis, IN, home and are considering a life insurance plan, our team at Irvington Insurance is here to help. Our trained professionals understand the crucial nature of life insurance. They can answer all your queries and help you navigate the process of securing suitable life insurance coverage.

Steps To Take After a Residential Break-In

Posted on by admin

If your home is broken into, it is essential to document the aftermath. You must also file an insurance claim at your earliest convenience. Learn how to handle this type of crime. The following information will prepare you for an unexpected crime resulting in damage or property loss.

The Setting

Keep yourself safe after a potential break-in. Do not enter the premises until you have secured the area. Take pictures of the aftermath. Record information about the items that were damaged or stolen during criminal activity.

When you file an insurance claim, you must submit an accurate report of what has occurred. Moving any items within the area where a crime occurred could affect your insurance claim.

The Reporting Process

Contact your insurance agency to report the incident that took place. You will be provided a list of steps to follow while your claim is processed.

An insurance adjuster may be assigned to inspect your home. During this process, the adjuster will determine the amount of damage that has occurred at your residence.

Paperwork and Additional Assistance

Keep track of your insurance paperwork while your insurance claim is pending. Store any records associated with your claim in a secure, dry area. If you need additional assistance while the claim is active, contact an agent who can help you. 

For More Guidance, Contact Irvington Insurance

Our Irvington Insurance agents are here to assist with all your home insurance needs. Feel free to contact an agent who serves the Indianapolis, IN, area for further assistance in filing your insurance claim.

What Is the 25/50/25 Requirement?

Posted on by admin

Most states across the U.S. mandate drivers to have car insurance before lawfully hitting the road. However, these requirements vary from state to state, meaning the coverage you need in one state may differ in another. An example is the 25/50/25 requirement involving a handful of states, including Indiana. What does this mean for you if you’re a driver in Indianapolis, IN? Our team at Irvington Insurance is here to help you understand more about auto insurance coverage requirements and assist you in securing the amount of coverage you need.

Understanding the 25/50/25 Requirement

The 25/50/25 requirement is an abbreviation of the dollar amounts mandated for each type of minimum coverage in Indiana. Sequentially from left to right, this includes a minimum of $25,000 for bodily injury liability coverage per person, $50,000 for bodily liability injury coverage per accident, and another $25,000 of coverage for property damage liability. While adhering to the minimum amount is technically enough, it’s generally recommended for drivers to consider extending these minimums to enhance their peace of mind on the road. A more comprehensive policy with greater coverage will help you navigate any potential road issues with ease and confidence.

Start with Irvington Insurance for Minimum to Comprehensive Coverage

Understanding auto insurance can be challenging, and finding the right insurance policy can be likewise daunting. However, we at Irvington Insurance in Indianapolis, IN, are committed to ensuring you’re well-informed about auto insurance and have the resources to find suitable policies. Start comparing quotes with us today!

Will I Have to Have a Medical Checkup When I Get Life Insurance?

Posted on by admin

Obtaining life insurance typically includes going for a checkup with a physician. The insurance firm bears the expense of this medical examination, which usually takes less than an hour to complete.

At Irvington Insurance in Indianapolis, IN, we assist our clients in procuring life insurance coverage. We also cater to individuals who wish to acquire life insurance but prefer to avoid a doctor’s appointment. Here, we provide essential information about life insurance coverage.

Is a Medical Checkup Necessary for Life Insurance?

A medical examination is typically (though not always) a requirement for acquiring life insurance. This checkup aims to enable the insurance company to assess the risk of granting you insurance accurately and to set the policy rate appropriately. This evaluation assists the insurance company in determining the amount of coverage you can purchase and its cost.

There are insurance policies that can be purchased without a doctor’s examination. However, such policies prevent the insurance company from assessing the risk involved in insuring you. This could lead them to assume a higher risk, which may result in a lower coverage amount at a higher cost.

What to Expect If You Do Not Want a Medical Checkup

If you desire to take life insurance but are not keen on undergoing a medical exam, you should be prepared to pay a higher premium. You might also have to answer several health-related questions without having to schedule a full medical examination.

If you are considering life insurance, contact Irvington Insurance in Indianapolis, IN. We offer life insurance policies to our clients and can help you choose the policy that best fits your needs.

My Home Was Just Damaged By Fire – How Do I File A Claim?

Posted on by admin

Your home insurance policy should cover damage caused by fire, which is a common peril covered by typical policies. 

Filing a homeowner insurance claim can be a stressful process if you don’t know what to do. Getting help from your insurance agent is the best way to make the process easier.

Your insurance agent at Irvington Insurance, servicing Indianapolis, IN, can provide you with the information you need to file a claim on your home insurance. Here’s what you need to know. 

Document Damage

Documenting damage is one of the first steps to filing a home insurance claim. To do this, you’ll take pictures of the damage and keep all information relating to what happened.

If you file a police report, keep copies of that report for your insurance claim. Your insurance agent will give you information on what specifically needs to be documented. In addition, you may receive paperwork about your insurance claim. Keep that paperwork for yourself. 

Call Insurance Agent

Early in the process, call your insurance agent to get information about moving forward with an insurance claim. One of the things you’ll need to know is how much your deductible is.

If the damage exceeds your deductible, you may decide not to file an insurance claim. Your insurance agent can provide you with paperwork about your policy if needed and can help walk you through the steps of filing a claim. 

Make the Repairs

Once you’ve coordinated with your insurance agent, then it’s time to start the repairs. Save all receipts and paperwork during this process. This information will be important for filing your claim. 

Do you have questions about filing a claim after a home fire? Call Irvington Insurance, servicing Indianapolis, IN, to learn more about how we can help you. 

Do You Need to Add Your Teen Driver to Your Auto Insurance Policy?

Posted on by admin

Experience Outstanding Auto Insurance Services at Irvington Insurance

Irvington Insurance in Indianapolis, IN, prides itself on its committed, capable insurance specialists who strive to tailor your auto insurance to fit your precise needs. Our years of experience ensure thorough elucidation and effective navigation of complex insurance details.

Protecting Your Teen Driver with Auto Insurance

When considering auto insurance for your teen driver, there are crucial factors to bear in mind. Teen drivers often cause insurance rates to rise as they are considered high-risk. However, including your young driver in your policy ensures their full insurance in case of an accident. Further, knowing your teenager is insured brings invaluable peace of mind.

Assessing your teen’s driving record and level of experience is crucial, as these variables directly influence insurance rates. Although having a teen driver included may initially seem costly, the safety and security it brings can outweigh financial considerations.

Optimal Auto Coverage in Indianapolis, IN

At Irvington Insurance, serving Indianapolis, IN, we offer top-tier auto coverage to meet your unique needs. Our professional team is geared toward selecting the best insurance plan that only provides what you need.

Contact us today and receive industry-leading service and the peace of mind that comes with comprehensive coverage. Trust in Irvington Insurance for unparalleled auto insurance plans in the Indianapolis area.

The Role of Life Insurance in Community Development

Posted on by admin

Life insurance, often associated with personal financial planning, has significant potential to drive community development initiatives. Beyond providing financial security for individuals and their families in the Indianapolis, IN area, life insurance plays a multifaceted role in fostering economic growth, social stability, and community resilience.

Financial Stability for Families

At its core, life insurance offers security for families when the ultimate breadwinner dies. Life insurance ensures that loved ones can maintain their standard of living, cover expenses, and pursue their long-term goals even after the loss of income. 

Facilitating Intergenerational Wealth Transfer

Life insurance is a strategic tool for wealth accumulation and transfer across generations. Policyholders can use life insurance policies to build a financial legacy for their heirs, giving them an inheritance that can support their educational pursuits, entrepreneurship endeavors, or homeownership aspirations. 

Supporting Small Business Growth

Business owners rely on life insurance policies and can use them as collateral for loans, ensuring access to capital for business expansion, equipment purchases, or operational expenses. Additionally, life insurance can provide a succession plan for small businesses, ensuring a smooth ownership transition in the event of the owner’s death. By supporting small business growth and continuity, life insurance contributes to job creation, economic vitality, and community resilience.

Strengthening Social Safety Nets

Life insurance can also strengthen social safety nets and community support systems. Policies with charitable components or beneficiary designations to nonprofit organizations can contribute to philanthropic causes and community development initiatives. These contributions support vital services, such as education, healthcare, affordable housing, and disaster relief efforts, addressing societal needs and enhancing the well-being of community members.

How Irvington Insurance Can Help You

At Irvington Insurance, we can help answer questions concerning life insurance. We serve the Indianapolis, IN, area. Call us today.