Author: agentinsure

Four Reasons Why You Need Health Insurance as a Contractor

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As a contractor, you might think health insurance is unnecessary. However, there are several reasons why you should consider getting this coverage and choose a plan that fits your needs.

1. Preventative Healthcare

Even if you feel relatively healthy, preventative care is essential to maintain good health. With health insurance, you can afford wellness visits, lab work, and prescriptions to manage any current conditions you may have.

2. Great For Emergencies

As a contractor, you might find yourself in an unexpected situation requiring medical attention. With health insurance, you’ll have some financial coverage, reducing your overall out-of-pocket expenses, which can help you in the long term. The last thing you need to worry about in the middle of an incident is finances.

3. Cover Your Family

If you’re the sole provider for your family, you can use this policy also to cover them, ensuring they also have health insurance. You can get a policy that covers your spouse and all dependents living in the home. This gives them the same access to preventative care and health maintenance, helping them lead healthy lives and make good decisions.

4. Tax Incentive

While it may seem like another expense at the time, it can actually be a tax credit or tax incentive that you can use toward your business taxes. Taking advantage of all tax breaks for your contracting business is a great practice, so you should consider health insurance as an investment.

If you’re a contractor in or around the Bourbonnais, IL area, contact us at George Ryan Jr. Insurance Group Inc. for more information on a personal quote.

Is It Time to Update Your Commercial Insurance Policy?

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You likely have a commercial insurance policy if you run a business in the Bourbonnais, IL area. But has it been a while since you updated that policy? Have there been changes to your business since the last update? When you need to adjust your coverage to protect your business, George Ryan Jr. Insurance Group Inc. is here to assist. Our agents understand the importance of your business and will strive to help you maintain adequate coverage.

Regularly Updating Your Commercial Insurance Policy

It’s recommended that you update your insurance policy at least once a year. This process begins with a review to determine if any changes should be made. Sometimes, there might not be any, but it’s good to confirm that for peace of mind. Many people set up their commercial coverage and renew it when due without considering whether adjustments would be beneficial. We’re here to help with that, ensuring you have the necessary coverage.

Whether you’ve been in business for a long time or are new to running a company, updating your policy annually or any time you experience a change in circumstances can keep you adequately protected throughout the year. As your business evolves, for example, you may need to expand your coverage or even look for an entirely new policy. Our agents can provide you with quotes from multiple insurers, allowing you to choose the one that’s right for you.

Contact us today at George Ryan Jr. Insurance Group Inc. if you’re in the Bourbonnais, IL, area and need to update your commercial insurance policy or find a new one. We’re here to ensure you have the quality coverage your business requires.

Insurance Protection for A Modular Home

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Understanding Insurance Coverage for Modular Homes

A modular home built in a factory qualifies for the same insurance coverage as a home constructed on-site. Discover the types of coverage available to you as the owner of a modular dwelling.

Preparations

Before starting your search for insurance coverage, understand your responsibilities as a homeowner. You may need to set up your modular home on a concrete slab or other solid surface to ensure stability, thereby conserving your home’s condition.

Coverage

Liability, theft, vandalism, and standard damage protection can be part of your home insurance policy. Modular homes face the same risks as homes built on-site.

You can customize the coverage amounts according to your needs. This flexibility allows you to get suitable coverage that will enable you to repair or replace your modular home if required.

Risks

Consider the risk factors you face. For instance, if you live in an area prone to high winds, your modular home may be susceptible to wind damage. Any identified risk factors should be considered when arranging your home insurance policy.

The risk factors you face as a modular homeowner may change over time. If you ever decide to relocate your home, you might need to seek towing insurance and other add-on insurance products.

Agent Support

Feel free to contact one of our George Ryan Jr. Insurance Group Inc. agents during regular business hours. An agent representing Bourbonnais, IL, would be happy to prepare your new insurance documents for your modular home.

How IIHS Research Is Helping Improve Auto Safety

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If you’re an Illinois resident who owns a car, you’re obligated by law to buy auto insurance. Illinois drivers know auto insurance provides coverage for your vehicle if it’s involved in an accident. If you live in the Bourbonnais, IL, area, our George Ryan Jr. Insurance Group Inc. team can answer your insurance questions and help you choose the right policy. Our independent agents will present options to meet your needs at reasonable prices.

How IIHS Research Is Helping Improve Auto Safety

One of your responsibilities as an Illinois driver is to drive safely. The IIHS (Institute for Highway Safety) was established in 1959 as a nonprofit organization dedicated to finding auto designs and driver practices to reduce accidents. Their studies examine human factors (such as teenage drivers or driving while impaired by alcohol) and vehicle factors (including crash tests and crash repair effectiveness).

IIHS’s ongoing research has discovered how some road designs may contribute to the prevalence of crashes. The organization has created a publicity campaign to persuade Illinois drivers to become more compliant with seatbelt laws. Their research and recommendations to car manufacturers have been an influential factor in the decrease of fatal auto accidents since 1979, despite an increase in miles driven.  

Call Us Today for Your Appointment

If you buy your car from a finance company, your finance company may require a specific level of auto insurance coverage. Our agents understand these guidelines and will work with you to meet those requirements. You can trust the George Ryan Jr. Insurance Group Inc. team if you live near Bourbonnais, IL. Mr. Ryan has been working with clients in this area since 1996. Call us for an appointment today to find the right auto insurance policy for your needs.

What Types of ATV Insurance Do You Really Need?

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Insurance For Recreational Vehicles

Any recreational vehicle can be a fantastic investment for adventure enthusiasts. Like cars, these are valuable investments that can inadvertently cause damage to others. But you can protect your investment with ATV insurance. The first thing to consider is which types of insurance are best suited to meet your needs. If you are considering investing in recreational vehicles in Bourbonnais, IL, let the knowledgeable team at George Ryan Jr. Insurance Group Inc. provide you with a quote for insurance.

Common Types of ATV Insurance You May Need

Multiple types of ATV insurance can help mitigate your financial risks. The prime one is liability insurance, which shields you against claims made by others, such as accidents for which you’re responsible. Liability insurance may include both bodily injury liability – providing protection from injuries you cause to other people, and property damage liability – which protects you from claims that you’ve damaged someone else’s property. Comprehensive and collision insurance are usually beneficial, especially if you still owe a loan on your ATV. In fact, your lender may require this type of insurance. It is also handy when your ATV is valuable and would be expensive to replace. Comprehensive insurance minimizes financial loss related to theft, weather-related damage, or other unavoidable mishaps.

Meanwhile, collision insurance helps cover repair costs if you’re at fault in an accident, like colliding with a tree. There may be other types of ATV insurance that are applicable to your needs. These include medical payments coverage – which can help meet some of your medical expenses in the event you cause an accident, GAP coverage – which caters for the difference between your ATV’s loan and current value, and uninsured/underinsured insurance – designed to protect you against financial risks from accidents caused by other drivers. Contact George Ryan Jr. Insurance Group Inc to learn more about recreational insurance in Bourbonnais, IL.

Understanding Your Motorcycle Insurance Policy Before Filing a Claim

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Before filing a motorcycle insurance claim around Bourbonnais, IL, it’s crucial to understand your policy thoroughly to facilitate a smoother claims process.

What to Do

Start by reviewing your coverage types, which typically include liability, collision, and comprehensive coverage. Liability insurance covers property damages caused by you in an accident. Collision and comprehensive protect your motorbike from outside or natural damages.

Be Attentive with Coverage Limits and Deductibles

Pay attention to coverage limits and deductibles specified in your policy. The coverage limit is the most your insurer will pay. You are responsible for the deductible before your insurance coverage kicks in. Knowing these details helps you assess your financial responsibility in the event of a claim.

Review Exclusions and Limitations

Some policies may include exclusions or limitations in specific situations, such as racing or riding off-road. Understanding these exclusions prevents surprises when you need to file a claim.

Documentation is Critical

Document any modifications or aftermarket accessories added to your motorcycle. Some insurers require separate coverage for these additions beyond the standard coverage for the bike itself. Ensuring these modifications are adequately insured helps avoid complications during the claims process.

Learn About the Claims Process

Lastly, familiarize yourself with the claims process. Understand how to report a claim, what information you need to provide, and the expected timeline for processing your claim. Prompt reporting and accurate information can expedite the process during claims and grant you what you’re entitled to under your policy.

George Ryan Jr. Insurance Group Inc. Helps Guide You

George Ryan Jr. Insurance Group Inc. will help guide you and show you how motorcycle insurance can save you in the long haul. Our team covers the Bourbonnais, IL region. Get in touch with us today.

Flood Insurance Guidelines for Your New Residence

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You may need flood insurance for your new residence. This coverage will protect your home against damage caused by rising water or surface water.

Flood Zone

Research the area where your new residence is located. If you reside in a region that is considered a flood zone, you may be required to obtain flood insurance. The flood insurance coverage that you purchase can be added to your existing home insurance policy.

Mortgage

If you have a mortgage on your new home, you may be required to carry flood insurance. Your lender will use guidelines to determine if your home is in a flood zone. If so, you may need to purchase flood protection.

The coverage should equal the cost of rebuilding your home. The insurance will handle the repair expenses if your new residence is damaged in a flood.

Personal Preferences

Even if you are not required to obtain flood insurance, you should consider the benefits of having this type of specialized protection. Purchasing a new home is expensive. Flood protection would cover the costs you may incur during an unexpected flood. 

Assessment

Assessing your home will also help you decide if flood protection would be a smart decision. During the assessment, the value of your home’s contents and structure should be examined.

If you ultimately decide to purchase a flood insurance policy, use the value of your home and your possessions to help you select a sufficient flood coverage amount.

Additional Information About Flood Protection

Contact one of our agents serving Bourbonnais, IL, to learn more about insurance policies featured through George Ryan Jr. Insurance Group Inc.

How Condo Insurance Protects Your Belongings

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Living in a condo offers a unique blend of homeowner self-sufficiency and apartment-style convenience. While you don’t require a standard homeowner’s policy, it’s crucial to protect what’s inside the walls with tailored condo insurance. In Bourbonnais, IL, George Ryan Jr. Insurance Group Inc. provides condo owners with the necessary insurance solutions.

The Role of Condo Insurance

Condo insurance provides comprehensive coverage for everything within your four walls, safeguarding your personal belongings. Have an unusual item—for instance, a grand piano or valuable jewelry? Adjust your coverage to ensure these high-ticket possessions are adequately protected.

Why Choose George Ryan Jr. Insurance Group Inc?

Navigating the intricacies of condo insurance shouldn’t be a solitary task. Our trusted agents at George Ryan Jr. Insurance Group Inc. are dedicated to guiding you in choosing the best policy. We offer quotes from multiple insurers, enabling you to find the coverage that best fits your needs. After all, a good defense in the face of potential loss is to ensure everything within your condo is adequately insured.

Get Your Condo Insurance Policy Today!

If you’re located in the Bourbonnais, IL, vicinity and seek comprehensive condo insurance, don’t hesitate to reach out to us at George Ryan Jr. Insurance Group Inc. We’re committed to helping you get the right type of protection to give you peace of mind. Plus, it allows you to enjoy your condo to the fullest now and in the future. Contact us today!

Do I Need Landlord Insurance for Commercial Properties?

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Landowner insurance is essential to anyone with real estate investments rented to businesses rather than individuals. Understanding the core coverage and options available through landlord insurance will help you obtain the coverage that will work best for your needs. Our George Ryan Jr. Insurance Group Inc. team, serving Bourbonnais, IL, can help structure the coverage you need as a landlord.

Types of Commercial Property Landlord Insurance

Illinois does not require landlord insurance, though your lender or tenants may require certain coverage to be in place. Landlord insurance generally covers damage to your property and your liability to others.

Commercial Property Coverage

As a landlord, you have made a substantial investment in your property, so you should protect your investment with the following coverage:

  • Building: The building structure and permanent fixtures.
  • Business Personal Property: On-site business property other than the building.
  • Equipment to Service Building: Business assets used to maintain the grounds and common areas.
  • Loss of Income: Replaces income from renters while your property is under repair following damage.

Most commercial property coverage excludes damage from natural disasters, so consider adding tornado or flood coverage based on location.

Liability Coverage

As a landlord, you have potential liability to tenants and third parties, such as your tenants’ customers. Your leasing contract should state that the tenant is responsible for injuries that occur within their space. You can gain additional protection by requiring tenants to name you as an additional insured on their policies.

Working with George Ryan Jr. Insurance Group Inc

George Ryan Jr. Insurance Group Inc. proudly serves Bourbonnais, IL, and the surrounding towns. We have experience with many insurance issues, including landlord insurance. Call us at 815-936-0075 or stop by today to protect your business against the financial consequences of unforeseen events. 

The Role of Auto Insurance in Protecting Against Uninsured Drivers

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Auto insurance is crucial in safeguarding one’s financial stability against risks associated with uninsured drivers. At the George Ryan Jr. Insurance Group Inc., we help individuals in Bourbonnais, IL, and nearby locations understand the importance of specific coverage options to mitigate risks and secure financial protection.

Uninsured Motorist (UM) Coverage: Defense Against Uninsured Drivers

Uninsured Motorist coverage is crafted to protect insured drivers from financial consequences arising from accidents caused by uninsured drivers. This type of coverage usually compensates for medical costs and, according to individual policy stipulations, may also cover property damage, including vehicle repairs. UM coverage becomes invaluable in areas with high rates of uninsured drivers, offering financial defense and peace of mind.

Underinsured Motorist (UIM) Coverage: Protection against Inadequate Coverage

Underinsured Motorist coverage comes into play when the at-fault driver holds insurance, but it doesn’t cover all your medical bills or property damage. UIM coverage can make up the shortfall, ensuring you’re not burdened with expenses surpassing the limits of the at-fault driver’s insurance.

The Imperative of Adequate Insurance Coverage

Selecting the right auto insurance policy involves weighing your risk exposure and guaranteeing you have enough protection against uninsured and underinsured drivers. This could mean choosing higher UM and UIM coverage limits or ensuring sufficient collision coverage for potential vehicle repairs or replacements.

Understanding Auto Insurance in Bourbonnais, IL

Trust the George Ryan Jr. Insurance Group Inc. for comprehensive auto insurance solutions in Bourbonnais, IL, and nearby areas. Contact us today to review your coverage limits or start your policy.