When is renter’s insurance required, and who pays its claims?

Whether you wish to rent a house, condo, apartment, or something else entirely in Paoli or Orleans, IN, you’ll find that renter’s insurance is no more a luxury but a pre-requirement in many places. One that must be fully met and proven before being allowed to move in. It’s a serious thing, and landlords are now more than ever prepared to cover themselves in the event of any catastrophe that should occur upon their property, asking that you do the same, in turn. Thankfully, it’s not expensive to carry regular renter’s insurance every month as most providers sell the minimum coverage required for low costs per month. If you want a competitive rate, you need to ask around and do your research. Busick Insurance Agency LLC can help make your decisions quickly and easily.

How to choose?

Some renter’s insurance can cover everything you can think of, as well. It all depends on the type of package you choose to put together, how much are you able to spend, and what types of coverage are you most in need of, especially after having adequately assessed the potential risks or threats in your community. For instance, where you now live (or plan to live), are there major construction areas, highways, high-crime residential spots, natural disaster areas, little to no commerce, etc.?

Get the idea?

You must fully investigate. As for the types of coverage that renter’s insurance can offer you, these may include everything from the replacement of items or damaged property within the home to reducing the cost of accommodations when your home is uninhabitable. 

Busick Insurance Agency LLC, busily at work and always seeking to find new clients in Paoli or Orleans, IN, is at your side. Contact us whenever you need a solid rate on quality insurance. We’ll come to your aid like no one else.

Reasons to Keep Your Motorcycle Insurance Over the Winter

You might think just because winter is coming that you don’t need your motorcycle insurance anymore since you’re not going to use your motorcycle until spring. However, you may want to keep your insurance policy active throughout the entire year. At Busick Insurance Agency, LLC, serving Orleans, IN and the surrounding area, we want to help you make the best decision about your insurance for your particular needs. 

Unseasonably Nice Weather 

Let’s say we get a bout of nice weather during the winter. You might feel the urge to go on a joyride and enjoy it, but without insurance, you’re at risk of having an accident with no protection. Not to mention, if you did want to take it out, you could find yourself getting fined if you don’t have at least liability insurance. 

Theft or Vandalism

While your bike might not get into an accident over the winter, it’s still possible for unfortunate events to occur. For instance, someone could steal your bike. Maybe, someone will vandalize your bike. If you don’t know who it is, you won’t be able to receive any compensation, but an insurance policy would cover it. If a bad snow storm hits and damages your bike, you’d have to pay the cost if you didn’t have insurance. 

Hassle

It’s a hassle to have to cancel your policy and then remember to reopen your policy at a later date. If you forget to reestablish your coverage, you could find yourself not being able to ride in the spring. On the other hand, if you forget and ride without it, you could accrue a fine, have to replace your bike, or pay for the expenses of the other party if you get into an accident. 

Contact Busick Insurance Agency, LLC, serving Orleans, IN and the surrounding area, to discuss bike insurance today by calling 812-865-2626.

 

Does your Lifestyle Require Umbrella Insurance?

Depending on the kind of life you live and the types of commitments and hobbies you have, you may not have enough insurance coverage. That is where umbrella insurance comes in. Like an umbrella protects you from rain, an umbrella policy protects you when your other policies are not enough. If you have a claim that exceeds their limits, you can avoid having problems from that because the umbrella policy takes over. That is great for peace of mind for people who need it, but not everyone needs that level of coverage. By working with the Busick Insurance Agency LLC, serving Orleans, IN, you can see if umbrella coverage is needed.

Generally, people who have businesses, high-end homes, many vehicles, or expensive "toys" such as large boats or motorhomes may be more likely to need umbrella coverage. These people have more significant investments in their lives in a financial sense, and they want to ensure that they are protected against claims. But not everyone who has this type of lifestyle chooses umbrella insurance. Some people who have far less do choose to have this coverage, and there can be many reasons for that. It is a very personal choice and one that your insurance agent can help you make by asking some questions and discussing products.

By reaching out to us today, we can help you get the umbrella coverage you need or help determine if you need it at all. At the Busick Insurance Agency LLC, we serve the Orleans, IN area, and we want to make sure you are getting proper insurance coverage so you can have peace of mind and a well-protected life. Working with the right agent and insurance company is an excellent way to get what you need when it comes to insurance and get the answers you want.

3 Reasons to Purchase Health Insurance

Health Insurance policies are often not considered by a wide demographic of people who fall above the level for government insurance and below the income levels where it fits easily into the monthly budget. And even people who do purchase it, often cut out health insurance to save money. If there is a corner to be cut, health insurance should not be the go-to for many reasons. At Busick Insurance Agency LLC, we want you and your family to be protected and healthy with a quality insurance policy, we serve Orleans, IN and the surrounding areas. 

  1. It makes financial sense. The average hospital stay is $2,280 in Indiana, and the average yearly premium for an employer-sponsored plan, after their share, is $1,289 in the same area. When you have the option for an employer-sponsored plan, the insurance will more than pay for itself. Even if you do not have an employer-sponsored plan because you are self-employed or any other reason, you will find that the cost does balance out in your favor, just not as heavily.
  2. If you keep health insurance, you likely will be covered in the future for whatever may occur. If you let your insurance go, you may find that it is difficult to get covered again because of a pre-existing condition that occurred when you did not have the insurance. Keeping your insurance protects you and your family, no matter what life throws your way.
  3. Preventative care can save your life. Many people choose to forgo health insurance because they are young and healthy. However, yearly exams can catch issues early enough to save your life so you can continue to enjoy your healthy lifestyle. 

Contact us at Busick Insurance Agency LLC to discuss health insurance options for you and your family. We proudly serve the Orleans, IN area with all your insurance needs. 

When to Get Life Insurance

Many people believe that life insurance is a discussion for married couples or older adults. If you have a newborn, you could purchase life insurance for them. As an adult, you can get life insurance before you begin college. In Orleans, IN, the professional agents at Busick Insurance Agency LLC have a few insights about life insurance and when you should purchase a policy.

Types of Life Insurance

Life insurance is intended to be used as a cash payout when a loved one dies. This payment, also known as a death benefit, is usually provided to spouses and dependents of the covered individual. There are two main types of life insurance policies, term life insurance, and whole-life insurance.

Term Life Insurance

Term life insurance is a policy that is written for a specific term. Policies are usually 10, 20, or 30 years. Some terms can be longer or shorter, depending upon your needs. If the covered individual dies during the term, then the beneficiaries will receive the death benefits. This policy is less expensive than whole life insurance. Term insurance is for those individuals who only need the policy for a certain amount of time. Once the term is over, you have a choice to renew the policy for another term or allow it to lapse.

Whole Life Insurance

A whole life policy lasts the entire life of the covered individual as long as the premiums are paid. The premiums are higher than the term insurance coverage, but the payout is usually guaranteed. The whole life policy has a cash value and the difference between the value and the premium is placed into an account. This amount can be borrowed against and used for emergencies or college expenses.

Contact the Busick Insurance Agency LLC in Orleans, IN. We have expert agents ready to discuss life insurance when you are ready to sign a policy.

 

What Is Commercial Liability Insurance?

In an ever-litigious world, insurance can mean the difference between surviving or falling in a crisis. If you are a business owner in Paoli, IN, it’s important to understand what liability means for your company. After you read this guide, we hope you’ll allow Busick Insurance Agency LLC help you find the right protection for your business, and yourself.

What is commercial liability?

Regarding business, liability is any cost that occurs because of an accident on your commercial property or damages caused to another person or property by yourself or your employees. These events can be damaging to your assets, especially if a liability claim is taken through a lengthy court case. Some examples of situations where a business can be sued and held liable for damage include:

  • Bodily Injury and Medical Expenses – Caused by worksite hazards or other unforeseen accidents suffered by a customer or employee.
  • Property Damage – Caused during the operation of your business on another person’s property.
  • Libel or Slander – Usually caused through use of social media or other public forums where someone disparages your company unlawfully.

What does commercial liability insurance do?

A general liability policy can help offset the cost of legal actions taken against your business for the above examples. It can also help cover your legal defense costs, judgments, or settlement bonds issued in a legal proceeding. In libel or slander cases, insurance can be used to help pay for the cost of bringing another person to court over false negative claims against your business, on social media or elsewhere. 

When someone chooses to sue your business for damages, the costs can quickly pile up. In short, commercial liability insurance can keep your company from going bankrupt due to costly, unforeseen damages. Busick Insurance Agency LLC encourages all business owners in Paoli, IN to contact us today to discuss all your commercial insurance needs!

Medicare Insurance for 2018- What you Need to Know

If you are in the Paoli or Orleans, IN area and are covered by Medicare insurance, you should be aware that there have been some fundamental changes to Medicare guidelines for 2018. Busick Insurance Agency LLC is aware of these guidelines and can answer questions that you may have about it.

Here are some of the top changes to look out for:

  • Part B Premium Payments-  Medicare Part B covers regular doctor visits, as well as outpatient services. For those on Medicare that have not begun collecting Social Security benefits, the monthly premium will remain the same. However, those actively collecting Social Security may be affected by the cost-of-living adjustment.
  • Part D Prescription Drug Premiums Lowered- For the first time since 2018, monthly charges will go down about a dollar, depending on where you live, and which plan you have selected. Each year, do your due diligence and ensure that your current plan is covering any current medications you are taking.
  • Part D Coverage Gap Narrowing- As a result of the Affordable Care Act that passed in 2010, coverage gaps are expected to close in 2020- making all beneficiaries of Medicare responsible for 25% of their prescription costs. Currently, once you have accrued $3,750 worth of prescription costs, you pay 35% for brand-name drugs and 44% for generic ones. Once you reach $5,000 in drug costs, you’ll pay no more than 5% of your prescription costs for the remainder of the year.
  • High Incomes- Individuals earning $133,550 and up a year, and couples earning $267,000 a year will be prone to premium increases. There is a layout of the surcharges explained on the Medicare website.

Busick Insurance Agency LLC, serving the Paoli and Orleans, IN area, can provide you with further information on Medicare changes for 2018. Contact one of our trained and experienced agents to help you today! 

Does Renters Insurance Cover Electronics?

Paoli and Orleans, IN residents are not required to carry renters insurance by law, but it can be required by your landlord. A landlord will usually obtain property insurance on the structure, and many will also purchase landlord insurance that may help protect him or her from lawsuits that can occur. This insurance will not protect you or your personal property, however, and this is where renters insurance may come in. 

What Does Renters Insurance Cover?

Renters insurance applies to your personal belongings that exist between the four walls of your rented dwelling. You can purchase indemnification that will extend to your valuables, and this will often include your electronics, your clothing, and other personal belongings. If you have items of particularly high value, it will be necessary to discuss those with your agent. This is because your policy will typically have limits of coverage that protect your items, and when this has been exceeded, you may need additional insurance. 

You may need something called an endorsement, and this can be part of your renter’s insurance policy and can provide full protection for certain possessions. It is likely you’ll need to have your items appraised to inform your decision on how much insurance to purchase, and you’ll need to decide if you want to insure their replacement cost or their actual value. Replacement cost can provide you with monies to purchase, for example, a new TV, whereas actual value will only pay you what your TV was worth at the time it was damaged or destroyed. 

Contact Busick Insurance Agency LLC 

We at Busick Insurance Agency LLC are here to help you, and we welcome any questions you may have about renters insurance. We have experience serving those in the Paoli or Orleans, IN area, and we invite you to call us, reach out to us online, or stop by our office to discuss the insurance products that are right for you. 

8 Crucial Motorcycle Insurance Info Everyone Must Know

Motorcyclists are more susceptible to accidents on the road than those driving cars and trucks. They are more likely to be killed and injured. According to the National Highway and Safety Authority, motorcycle crashes cost the American economy $16 billion annually. Most of it is used in emergency services, medical bills, property damage, and rehabilitation. Busick Insurance Agency LLC aims to provide insurance solutions to help Paoli and Orleans, IN residents. 

Importance of Motorcycle Insurance 

While enjoying your bike on the road, it is prudent to protect your life, your bike, and other road users. Motorcycle insurance is the surest way to protect you from financial losses in the event of an accident. Here are four major reasons why you need motorcycle coverage: 

  • Medical Bills: the cost of medical treatment is enormous if you are involved in an accident. The bills may even skyrocket in cases you will need additional treatment after visiting the hospital. The coverage gives you peace of mind as you recuperate. 
  • Third Party Injury: when you injure others, you must be able to compensate them. A qualified policy guarantees you of meeting the cost. 
  • Motorcycle Replacement: some accidents result in total loss of your bike. The cost of repairs may surpass the cost of replacement. In such a case, total loss coverage provides you with the actual cash value of a new bike or the replacement cost. 
  • Collision Coverage: when you are found culpable of causing an accident, a collision policy comes to your rescue in paying for damages you made to to your bike. 

Motorcycle Insurance Checklist 

Now that you know the importance of having motorcycle coverage, you need to prepare yourself to get a new quote. Here is a list of a four things insurance agents will require: 

  • Personal details such as home address, age, occupation, and annual mileage
  • Riding history including driving courses passed tests and dates. 
  • Motorcycle details 
  • Type of coverage 

Busick Insurance Agency LLC is a leading motorcycle insurance provider in Orleans, IN. If you need motorcycle coverage, don’t hesitate to get in touch with our agents. 

Why Medical Professionals Need Umbrella Insurance

Doctors, nurses, and other medical professionals can find themselves personally liable if something goes wrong with one of their patients. Liability coverage, like malpractice, provides some protection from lawsuits and court-ordered financial judgments. But is it enough? The experts at Busick Insurance Agency LLC believe all medical professionals in the Orleans, IN area should add umbrella coverage to their insurance portfolios for increased protection.

  • Umbrella policies cover legal costs. Attorney fees can be substantial. Your other policies may not completely cover the cost, leaving you responsible for a large portion of your defense fund. An umbrella policy protects your personal wealth.
  • Allied healthcare professionals like medical assistants and sonographers may carry low-coverage liability policies because of the nature of their jobs. This can leave them vulnerable if they are found liable for damage to a patient. Inexpensive umbrella policies can bridge those gaps without an enormous increase in premiums.
  • If you are found liable for injury, death, or loss to a patient, your umbrella policy helps cover your court-ordered restitution payments. Without an umbrella policy, a single case could leave you without any savings.
  • You are more than just a medical professional. You may be a parent, motorcycle enthusiast, or homeowner. This means you already have a few insurance policies. Your umbrella policy can be designed to cover all of these policies. That means you get an extra layer of protection for everything you own.

Busick Insurance Agency LLC helps medical professionals in the Orleans, IN area protect their earnings and livelihood with customized umbrella insurance policies. Contact our representatives today to learn how these policies can benefit you.