With the rise in health care costs, the need for insurance is quickly increasing. One accident or illness could cost you several thousand dollars if you don’t have health insurance. Below are four things you should know about health insurance.

There are some things your insurance won’t cover

Some people think their health insurance will cover everything, but the sad truth is there are some things that health insurance doesn’t cover. Some of the things insurance doesn’t cover include the following:

• dental procedures
• cosmetic procedures
• Non-prescription drugs
• Certain pre-existing conditions
• Congenital diseases
• Injuries from war, terrorism, or suicide

Although these are the most common things that are not covered, you should talk to your insurance company to get the full list of what they cover and don’t cover.

Take the time to research your options.

Insurance companies offer different things and have different insurance limits. It is essential to research your options before you purchase your insurance policy.

There will be a waiting period.

Most insurance companies have a waiting period. A waiting period is a certain number of days from when you purchase your policy until you can use your insurance. It is important to check your policy because each company and policy has a different waiting period.

Copays, deductibles, and premiums

Copays, premiums, and deductibles are insurance terms. Each term has its own meaning, which we will explain below.

• Copay: A copay is a small percentage you agree to pay for each claim.
• Premium: The premium is the cost you pay each month for your insurance policy.
• Deductible: The deductible is the amount you have to pay each year before your insurance will kick in to cover the rest.

Contact Busick Insurance Agency

Please stop by or contact us at Busick Insurance Agency LLC for an insurance quote in Orleans, IN.

Sadly, death is a part of life. Most likely, you will experience the death of a loved one at some point in your life. Coping with death is one of the most complex and human challenges. While nothing can replace what is lost, life insurance can make it easier to grieve and focus on what matters most, namely your family and loved ones. If you’d like to discuss life insurance policies, contact Busick Insurance Agency LLC, which serves Orleans, IN, and other areas nearby.

Life Insurance Provides Crucial Support

It’s wise to take out life insurance policies to protect your family in case of death. No one wants to talk money when a loved one passes away. However, finances are also a fact of life, and if a family loses income or doesn’t have the money to pay for funerals, burials, cremations, and the like, the stress will only compound.

Life insurance can provide vital economic stability for a family. If a parent passes away, the other parent and children may lose access to income. Suddenly, very payable and reasonable bills can become an insurmountable challenge. If a family has been paying for their mortgage with two incomes, one income may not suffice—Ditto for other bills.

Life insurance can provide economic stability. Likewise, burial costs can cost thousands or even tens of thousands of dollars. A family will be better positioned to pay for burial services if they have life insurance that will provide a payout.

Financial support means that your family can focus on mourning and emotional support rather than worrying about bills. This will provide a crucial time for everyone to grieve and adequately honor those who have passed away.

Are you considering life insurance policies? Contact Busick Insurance Agency LLC, which serves Orleans, IN, and nearby areas.

Are you a business owner in or near Orleans, IN? Does Commercial Insurance cover your business? The Busick Insurance Agency LLC can provide the coverage your business should have.

Businesses should have insurance coverage because it helps cover the expenses associated with liability claims and property damage. Without this coverage, business owners may have to pay out-of-pocket for expensive damages and legal claims against their business.

Business insurance coverage helps to save you time, money, and stress. It protects your company from damage and provides benefits for your employees. What types of insurance should your business have?

• Business income insurance
• Commercial property insurance
• Data breach insurance
• Workers’ compensation insurance

Most states require a small business to have insurance coverage. Without it, a company faces risk if:

• A customer or client gets hurt at your place of business and sues you
• A fire destroys your inventory or building
• A computer containing your client’s personal information has been stolen

Most states require workers’ compensation. If an employee suffers a work-related illness or injury, it will provide benefits such as:

• Funeral benefits
• Lost wages
• Medical care

Understand that workers’ compensation benefits are different than unemployment insurance benefits.

Business insurance will protect your customers with a BOP or a business owner’s policy. This policy combines business property and business liability coverage into one to help protect your business from the following:

• Bodily injury
• Personal and advertising injury
• Product liability
• Property damage

Data breach insurance protects your business and customers if a security breach occurs. It will help to pay for the following:

• Identity protection solutions
• Legal fees
• Liability
• Public relations

Busick Insurance Agency LLC, serving the Orleans, IN area, can provide a quote or answers to your questions. Contact us today and find out what they can do to help protect your business.

Life insurance is not a legal requirement for Orleans, IN residents, but many voluntarily choose to invest in this financial instrument for its benefits. A question often asked is whether a stay-at-home parent needs to consider this indemnification. 

Suppose you or your spouse is currently staying at home. In that case, a life insurance policy can help ensure that burial costs are taken care of, alleviating your family of this financial obligation at a difficult time. A one-income family can sometimes be disadvantaged when trying to save for these contingencies. 

The parent, who is the children’s primary caretaker, provides many needed services that are difficult to replace. Their passing will usually create immediate uncertainty with scheduling, as the breadwinner will still have to maintain their job and working hours. Your knowledgeable Busick Insurance Agency LLC can answer your specific questions as to the types of coverage we offer. 

Driving children to school and other activities, along with evening childcare, will need to be carried out by someone else. A death benefit can help bereaved spouses juggle these responsibilities after their partner’s death. Meal preparation, cleaning, homeschooling, and laundry, are other tasks that may need to be outsourced as well.

Educational costs can also be paid for with life insurance, benefiting children into the future. This can be a way for a stay-at-home parent to generate an inheritance for their offspring. You may want to calculate the projected costs of maintaining your current or expected family size should your partner pass away. 

Busick Insurance Agency LLC Can Help You

We serve those living in and around Orleans, IN, and can personalize an insurance package to meet you and your family’s needs. Contact us by browsing our website, calling us on the phone, or meeting with us in the office. 

If you want to become a small business owner, finding the right place to open up and run the company is a crucial choice. A great place where you can run a successful business continues to be Orleans, IN. If you want to start a business here, having the right insurance needs to be a top priority. There are various reasons why a company here should always have commercial insurance. 

Insurance is the Best Way to Protect Business

An important reason for any company in this part of Indiana to get a commercial insurance plan is that it is the best way for a company to protect itself. A commercial insurance policy offers various important and helpful forms of insurance coverage. This includes coverage if the company is named liable for an accident, if assets are stolen or damaged, or if another covered loss is incurred. This can help to protect the future viability of the business.

Insurance is Often Mandatory

A company in this area should also have commercial insurance as it could be mandatory for them to obtain it. It is very common for a small business to enter into various agreements and contracts that would require insurance. If you do not have insurance, it could put the company in violation of lease agreements, loan agreements, and various other contracts. 

A business in the Orleans, IN area must obtain the correct type of insurance. If you are looking for a commercial insurance policy here, it would be wise to call Busick Insurance Agency LLC. The team with Busick Insurance Agency LLC understands the value of commercial coverage and could help you build a new policy. This can help ensure you will have proper insurance for your organization. 

Retirement and old age come fast. Turning 65 years old means that you can start receiving your Medicare insurance. There are choices to make, and making the right choice is very important. At Busick Insurance Agency LLC in Orleans, IN, we are here to help with this critical decision.

Original Medicare

Original Medical is Part A and Part B. This is the Medicare that your parents and grandparents had. Hospital insurance is Part A, and medical insurance is Part B. Any doctor who accepts Medicare is available to you. The plan pays 80% of reasonable charges. This type of Medicare does not have any prescription drug coverage. 

Medicare supplemental policy

A Medicare supplemental policy is something that you have to get on your own to cover the 20% copay. Different carriers offer it, which is not price-controlled, so your insurance will get higher as you get older. 

Medicare Part D (Prescription coverage)

If you choose original Medicare, you must get a Medicare Part D policy for prescriptions. Even if you don’t have any prescription drugs, it is wise to get coverage anyway. If you don’t, you will pay more forever when you do decide to get it. It increases yearly, making joining as soon as possible a good idea. 

Medicare Part C (Advantage)

You can choose Medicare Part C, known as Advantage, instead of Original Medicare. It is managed by an insurance company and offers many benefits. Many include prescription, dental and vision coverage. You also don’t pay 20%. Some plans include health club memberships, OTC allowance, and even home meal deliveries. 

Contact Busick Insurance Agency LLC in Orleans, IN to sit down and discuss what type of Medicare coverage is right for you.

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.

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!

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.