Types of available Medicare insurance

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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.

Protect Your Vehicle with Auto Insurance in Indiana

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To protect your vehicle, you need auto insurance. You’re required by law to have it in most states, which saves you financially if you’re in an accident. In Orleans, IN, coverage for your car, truck, or SUV is easy to find and relatively affordable.

Why Insure Your Vehicle in Indiana?

If you live in Indiana, auto insurance is required by law. The state requires all drivers to carry liability insurance, which pays for damages if you’re at fault in an accident. It’s a good idea to have more than the minimum coverage, though, because it will pay for your repairs if you’re in an accident that wasn’t your fault.

Insurance companies offer different levels of coverage, so you can choose the amount of protection that’s right for you. The more coverage you have, the higher your premium will be. But it’s worth it to have peace of mind knowing that you and your vehicle are protected.

Your Busick Insurance Agency LLC representative can help you determine the right coverage for your needs.

What Does Auto Insurance Cover in Indiana

Auto insurance in Orleans, IN covers a variety of things. The most important coverage is liability, which pays for damages if you’re at fault in an accident. It also covers your repairs if you’re in an accident that wasn’t your fault.

Other types of coverage include collision, which pays for damages to your vehicle; comprehensive, which covers damages from weather or theft; and medical payments, which pay for your medical bills if you’re in an accident.

Additions to your policy, such as roadside assistance or rental car reimbursement, can give you greater peace of mind.

Your Busick Insurance Agency LLC representative is available to answer any questions about auto insurance coverage.

What Is Not Covered By Renters Insurance?

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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

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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?

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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?

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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

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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

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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?

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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?

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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.