What Is Not Covered By Renters Insurance?

Renter insurance policies do not cover the cost of replacing your property if it is damaged or stolen beyond the limits of your policy. They also do not cover any costs associated with liability if someone is injured or if there is property damage due to something you (or someone on your policy) did. For questions in Orleans, IN, contact Busick Insurance Agency LLC.

Things Renters Insurance Doesn’t Cover 

Renter’s insurance does not cover trips, medical expenses, or lost or stolen items. It also does not cover situations such as natural disasters. If you are looking for coverage for these events, you may want to purchase a different type of policy. 

Renter’s insurance is not designed to cover everything that could happen in your home. 

  • Jewelry and work equipment are covered only up to a certain amount 
  • Computer and phone are not covered if they are stolen
  • Clothes are only covered if they are stolen. 
  • Broken pipes are not covered if you do not have insurance for them. 
  • Broken windows are covered if they are due to weather. 
  • A hacked computer or a ransomware attack on your computer isn’t covered. 
  • Climbing on rooftops or antennas

Consider buying additional liability insurance if you have a dog or cat. People who own pets know how much they mean to the family, but they may not realize that a pet can be a liability if it bites someone. While renters insurance is integral to protecting your personal assets, it does not cover every risk. 

Bottom Line 

While most standard policies will cover your personal property if stolen or damaged, they may not cover certain activities. Renters’ insurance doesn’t cover the property if you use it to generate income (such as operating a business out of your home). Also, not catered are using your property to grow or produce illegal substances or keep animals that cause damage or injury. Call Busick Insurance Agency LLC if you’re stuck with questions in Orleans, IN.

Own a business in Indiana? Here’s the insurance info you need

Busick Insurance Agency LLC is here to help the Orleans, IN business community with all of its insurance needs. Several comprehensive commercial policies are available in our area, and we are here to help you find the solution that best meets your company’s needs. Give us a call today and schedule a consultation to learn more.

Business insurance needs to consider

Owning a business, no matter the type, requires a lot of hard work and determination. If you want to make sure that your firm has the protection it needs, here’s some useful info for you:

  • Inventory – when calculating your inventory protection amount, be sure to use the highest level of inventory that you carry. This is especially important for seasonal businesses.
  • Commercial fleets – if you rely on a fleet to keep your business moving, be sure that it has the proper protection. And, if your employees sometimes use their own vehicles while on the job, you’ll need protection for that.
  • Business interruption – if your business goes offline due to a covered event, this type of insurance is very important. Cash flow interruptions can spell doom to a company’s ongoing viability. Don’t let this happen to you!

There are many great commercial insurance options available in our area. We can help you find the right policy for your company that meets all of your business insurance needs.

Find out more today!

Busick Insurance Agency LLC wants to be your insurance partner. If you are a business owner in the greater Orleans, IN area, give us a call today to schedule an appointment. We can help you find the insurance solutions that your business needs!

Who needs umbrella insurance?

Umbrella insurance is a security blanket that offers liability protection beyond your current limits for popular policies like homeowners and auto insurance. If the total damages from an accident exceed your existing liability limits, the umbrella insurance policy serves as a backup to provide extra coverage. You’ll want to read the fine print of your contract to determine exactly what is covered. Still, typically umbrella insurance provides additional liability coverage for lawsuits, damage to third party property, injuries to a third party, and personal liability. Many people question the need for umbrella insurance because they already have liability covered offered by their existing home and auto policies. However, if the damage exceeds your current liability coverage limits, you’ll be on the hook for paying the difference, which is likely to be thousands of dollars. 

With umbrella insurance, coverage extends to you and any dependents on your policy, such as a spouse or children. Therefore, if your teenager is involved in an auto accident just after getting their license that results in significant damage and injuries, your umbrella insurance can be used to cover that accident if the damages exceed your existing liability coverage. 

Bear in mind that umbrella insurance does not provide coverage for every circumstance with exclusions for criminal activity, injuries or damage to your property, and liability that you assume under a legal contract. 

To learn more about umbrella insurance and if it is right for you, give the friendly and professional team at Busick Insurance Agency LLC in Orleans, IN a call. We’ll walk you through your options and help you find a policy that best meets your needs. 

Why do you need health insurance in Indiana?

Those that are in the Orleans, IN area will have several personal insurance needs. This can include having coverage for your core assets including a home or vehicle. Another type of insurance that all people in this area should get is health insurance. There continue to be different reasons that the residents here will need to have a proper health insurance plan. 

Get Access to Affordable Care

A reason that you will need to have a health insurance plan in this area is so you can have access to affordable care. If you ever need a prescription, medical procedure, or need emergency attention, the costs can be significant. If you are adequately covered with a health insurance plan, it will give you the coverage that you need to reduce your total out-of-pocket costs associated with your healthcare needs. 

Coverage is a Requirement

It is also important that someone has health insurance is that it is a legal requirement. For the past several years, all people have been required to have health insurance and be able to provide evidence of coverage. If you are not able to document that you have been covered throughout the year when you file your taxes, you could face penalties and fines. 

Anyone that lives in the Orleans, IN area will need to ensure that they are properly covered with health insurance. When you have a proper health insurance plan, it can help ensure you are able to obtain affordable care. However, there are a lot of choices to make when looking for coverage. The team with Busick Insurance Agency LLC can help you build your next plan. Busick Insurance Agency LLC does this by providing you with the guidance needed so you can be assured that you are properly covered. 

5 Reasons you Need Life Insurance in Orleans, IN

Most people shy away from the topic of death. While we will all die at some point, no one knows when death will come knocking. That said, you should always be ready in the event of untimely death, and having life insurance in place is that preparation.

Apart from offering financial assistance to your loved ones when you are no more, there are other reasons why life insurance is a must-have. Read on to find out the five reasons you need life insurance, as prepared by Busick Insurance Agency LLC.

Meets the needs of your family

One of the main benefits of life insurance is to secure your loved ones in the event of your death. If you have dependents, you can’t afford to miss life insurance. The death benefits can pay for their regular expenses like medication or education.

Protects your business

Life insurance protects your business in case something happens to you. If you have a business partner, the proceeds from the life insurance can be used to buy time as they ponder on the next move.

Pays off the debts

You probably have loans like a car, house, or even education as you navigate life. In the case of your sudden death, you don’t want to burden your loved ones with debts. That’s why life insurance is ideal, as it will clear off your debts.

It’s affordable

Life insurance is pretty affordable, especially when you buy at a young age. Other factors influencing its premium include gender, age, health, coverage amount, and term length.

For peace of mind

Life insurance would protect your family financially if the worst were to happen. That assurance gives you peace of mind even as you live life.

Life insurance in Orleans, IN

No matter what your current financial status looks like, you can’t predict when a disaster will strike. That’s why life insurance is a no-brainer for anyone with dependents. Ready to purchase life insurance in Orleans, IN, and its environs? Contact Busick Insurance Agency LLC for an affordable quote.

Finding Life Insurance When in a High-Risk Job

Some jobs naturally have a higher risk than others and make getting life insurance more challenging. However, there are options that you can consider if you want to protect your family. We at Busick Insurance Agency LLC can help Orleans, IN buyers understand their many options here.

Do You Have a High-Risk Job? 

Not everybody who thinks they have a high-risk job may be considered high-risk by their insurance company. Understanding these different elements will help to ensure that you get the best coverage. High-risk jobs often include:

  • Laborers and construction workers of many types 
  • Electrical workers who handle wires and repairs 
  • Agricultural workers who may be at a high risk of injury 
  • Delivery or truck drivers who spend much time on the road 
  • Roofers and other construction experts 
  • Fishers and other on-the-water jobs 
  • Steelworkers, particularly those in high-risk jobs 
  • Logging professionals and log handlers 
  • Pilots and flight engineers 

These careers all put you at a higher risk of injury or death and require specialized life insurance coverage. Understanding your options is critical because you may find yourself unable to get a policy if you don’t work directly with your provider to understand your choices.

Your Options 

Talk to your life insurance company to learn more about high-risk insurance options. You’ll likely be asked to take a medical exam to determine if your job has already impacted your health. Expect to pay more for your policies, as well, though this will vary based on your provider and state. 

Give Us the Chance to Help You 

At Busick Insurance Agency LLC, we understand the many types of life insurance options available on the market today. As a result, we can give Orleans, IN residents a better understanding of their choices and minimize confusion. 

What is commercial insurance?

As a small business owner, you likely serve many roles. Training staff. Making sales. Restocking inventory. Your business demands a lot of time, energy, and effort. You’ve started it from the ground up. You deserve to protect what you’ve built.

Commercial insurance shields against costly mistakes. Also known as business insurance, these policies guard companies and entities against lawsuits, theft, damage, injury, and other unexpected events. 

Busick Insurance Agency LLC wants to ensure your investment is protected. Located in Orleans, IN, the agency explains commercial insurance and why it’s necessary for your growing company.

What’s included in commercial insurance?

Every policy is unique. Although you should talk to an agent to review specific plans, most commercial insurance will include similar items. Premiums refer to the amount a business pays for the policy. This varies depending on several factors, including the type of service performed, number of employees, and years in business. A deductible is an amount you pay if a claim is filed. It will also contain policy limits, which cap the total monetary payout. There will also be exclusions and other restrictions. Again, consult a professional from Busick Insurance Agency LLC to discuss what’s right for you.

What types of commercial insurance are available?

Although there is a slew of coverage options available, standard commercial insurance typically includes three components. Property insurance covers a company’s physical location and any equipment, tools, or inventory. This extends to furniture and accounts receivable as well. General liability protects against bodily injury, libel, slander, and any other damage. Finally, income insurance replaces the loss of revenue if an incident prevents the business from opening.

Contact an agent serving Orleans, IN immediately

Let Busick Insurance Agency LLC take one more item off your to-do list by finding the right commercial insurance policy for you. Call today.

Who Needs Life Insurance in Orleans, IN?

Most people think life insurance is all about dependents. While it’s true that life insurance protects your loved ones when you pass on, life insurance is a lot cooler than that. According to Busick Insurance Agency LLC in Orleans, IN, below are people that need a life insurance policy.

Stay-at-home parents

While most people think that only income-generating parents should invest in a life insurance plan, stay-at-home parents also need this investment. While stay-at-home parents don’t bring any paycheck on the table, they perform crucial tasks that would cost a lot if someone else was to do it.  That said, investing in life insurance cushions the surviving parent if something happens to the stay-at-home parent.

You have debts

If you take a 30-year mortgage, what happens if you die within 10 years? Your cosigners and loved ones will be left with the financial burden of your loans. Fortunately, if you have life insurance, the proceeds from this investment can be used to settle your unpaid loans.

You have a business

Life insurance isn’t just for individuals only – businesses can befit too. It would help if you had life insurance for your business to settle commercial loans if you die. Life insurance is also necessary to ensure succession in your business.

If you are young

There is no better time to invest in life insurance than when young and healthy. During this period, you are considered low-risk, and your insurance premiums are affordable. Invest in life insurance today and update your policy as situations change. For instance, if you get married or add a child, you can always update your life insurance policy.

Invest in life insurance today

Are you ready to protect what matters most? If you are in Orleans, IN, please contact Busick Insurance Agency LLC for a competitive life insurance plan.

How do you qualify for Medicare insurance?

Medicare is an insurance plan supported by the federal government that supplies coverage for preventative care as well as medical procedures. The average person in Orleans, IN would need to meet certain criteria to qualify for coverage. The agents at Busick Insurance Agency LLC can help you fully understand what Medicare covers and how policy limits work. Read on to learn about how to qualify for the insurance plan. 

How does Medicare work?

Medicare works much like a private health insurance plan. Individuals generally choose coverage based on how much they are willing to pay in monthly premiums. Out-of-pocket costs are typically low with the patient usually only having to give a co-payment for annual exams and certain procedures for treatment. More financial responsibility falls on the patient’s shoulders if he, or she, chooses a doctor outside of the network. 

Who qualifies for Medicare coverage?

Individuals over the age of 65 are generally eligible for Medicare insurance in Orleans IN. Individuals who are younger than 65-years-old may also qualify for coverage if they are deemed disabled by the federal government. 

It is important to speak with a specialist at Busick Insurance Agency LLC if you believe you may be eligible for Medicare. The process to sign up for coverage can be tricky for those looking to have health insurance after retiring from their jobs. 

Call Busick Insurance for help!

It is not uncommon for individuals over the age of 65 to experience lapses in health insurance coverage because they missed the deadline to apply for Medicare. An agent at Busick Insurance Agency LLC can help you with the process from beginning to end so that you do not have to suffer the repercussions of missed deadlines for Medicare coverage. 

Call us today to get started with a quote for Medicare health insurance in Orleans, IN.

Why Renters Insurance Is an Asset

If you speak to many renters in Orleans, IN, they don’t carry renters insurance because of the thought that they don’t own a lot or perceive that the landlord’s insurance covers them. Although it’s a fact that your rented property is insured, the landlord’s insurance covers damage to the property but not your belongings. In light of this, you need renters insurance from Busick Insurance Agency LLC for the below reasons.

To protect your assets

You may not think your assets aren’t valuable, but a room-to-room inventory count may suggest otherwise. And because you have put in thousands of dollars to accumulate your assets over time, it’s essential to protect these valuables with renters insurance. 

Renters insurance pays for the damage or loss of your belongings when a covered loss strikes. While renters insurance doesn’t prevent risks from occurring, it provides a softer landing when disaster strikes. And the beauty of renters insurance is that it protects your assets even when outside your rented property. For instance, if your laptop is stolen while at school, renters insurance should compensate you for the loss. 

To cover you against liabilities

Renters insurance protects you and your family against property damage and bodily injuries you cause to other people. For instance, if a guest is injured within your rented dwelling, renters insurance covers the medical costs and possible legal costs. Similarly, renters insurance should pay for property damages if your son throws a ball and breaks your neighbor’s expensive glass door. 

To cover additional living expenses

Suppose your rented property becomes unlivable due to a covered risk like fire. In the process, you might have to look for temporal shelter as your home or apartment undergoes repairs. Renters insurance can pay for your hotel meals and accommodation until your dwelling becomes livable again. 

If you ever thought you never needed renters insurance, now you are convinced you need this coverage. If you are in Orleans, IN, and its environs, please contact Busick Insurance Agency LLC for an affordable quote.