What Is Life Insurance and Why Does It Matter?

Life Insurance refers to a binding contract between an insurance provider and an insured. The policy provider commits to pay the enlisted beneficiaries a sum of money upon the insured’s demise. The money in such cases is payable in exchange for a premium. 

Busick Insurance Agency LLC is among the established life insurance providers offering this coverage to individuals in Orleans, IN. 

For life insurance to be binding, death must have preceded. Most people assume that life insurance is for retirees. However, contrary to this assumption, the earlier you consider this plan, the more prepared you’ll be about the future of your beneficiaries. 

Importance of Life Insurance 

Life Insurance Has a Wide Array of Benefits in the Long-term.

Helps Leave Your Kids Financially Secure

No one knows the hour nor the time of death. When you have invested in a life insurance plan, you have the guarantee that your beneficiaries’ education and other necessities are in line, even in your absence. Every parent should make this critical consideration. 

Helps Accomplish Long-Term Goals

Everyone has goals in life. Some are long-term objectives, which may outlive you. The best part about life insurance is that it can help ensure the attainment of such long-term goals even when you are longer here. Such plans might include building a palatial family home. 

It Can Boost Your Confidence 

Nothing is more fulfilling than knowing your generation is secure financially. Life insurance can help you walk through life with the confidence that everything is under control. This is more so when you start saving early. 

Trust Us with Your After Life 

Do you live in Orleans, IN, or areas around Indiana, and wonder where or how to access more information about life insurance? Busick Insurance Agency LLC has all the answers. Feel free to contact our insurance specialist for the best coverage options today.

Commercial Insurance Types

Starting a business in Orleans, IN requires forward planning, market and industry research, a great location, and the proper equipment. Amidst your business plan writing and leasing office space, you also need to obtain the appropriate commercial insurance from Busick Insurance Agency LLC to protect your business and your investments.

Buying business insurance does not work like buying home or auto insurance. Those types offer one choice, but the selection of commercial insurance types ranges from the liability policy every business needs to specialty policies like E&O, malpractice, and glass insurance.

Meeting with your insurance agent provides the simplest way to know what coverage your business needs. They can review your business plan with you and go over the massive number of possible policies available. The potential policy types include:

  • Business owners’ bundle which combines the four most common policy types,
  • Boiler and machinery also called equipment breakdown,
  • Business interruption, 
  • Commercial auto,
  • Construction, also called builders’ risk,
  • Crime,
  • Debris removal,
  • Errors and omissions (E & O),
  • Glass,
  • Inland marine,
  • Professional liability also called malpractice,
  • Officers’ and directors’ liability policy,
  • Law or ordinance, 
  • Tenant’s policy.

Carrying the appropriate business coverages reduces your business risk. That only works if you purchase the right policies though. A doctor would not reduce their business risk by purchasing an inland marine policy, just as a dry-cleaning business would not reduce its business risk by purchasing a malpractice policy it did not need.

Stop by today or call Busick Insurance Agency LLC serving Orleans, IN. We can help you learn how to reduce your business risk with the right combination of policies. We can also assist you in determining the amount of coverage you need to appropriately address business risk.

Healing from an Automobile Accident: A Guide to Automobile Insurance and Safe Driving Laws in Indiana

Busick Insurance Agency LLC is a full-service insurance company that proudly serves the great city of Orleans, IN, and who can assist you with automobile insurance needs. Should you find yourself involved in an automobile accident in Indiana, you will likely strive to heal from the accident both physically as well as financially. These tips can help Indiana drivers understand the traffic laws in Indiana to aid in the recovery from an accident and to prevent being held liable in any future accidents.

Indiana is a fault state with regards to settling an automobile accident case. That means that the driver who is found to be over 50% at fault in the accident will be the party that is held liable for damages. However, being informed about the safe driving guidelines in Indiana and adhering to them can decrease the likelihood of being at fault in an accident.

It goes without saying that you shouldn’t drive while intoxicated. In Indiana, this is referred to as an Operating While Intoxicated (OWI) charge, and it applies when a driver has a blood-alcohol level of at least 0.08 or is driving under the influence of a controlled substance. This can result in a fine, a criminal charge, and being found at fault should an accident occur. If you have been drinking, you can avoid this by calling a cab or an Uber to take you home.

It’s also important to not text and drive. Indiana has a Distracted Driving law that prohibits typing text messages, transmitting messages, and reading emails while driving. Doing so can result in fines up to a maximum of $500 as well as being found at fault in an accident.

If you live in Indiana, and have further questions concerning automobile insurance, or are seeking coverage, contact Busick Insurance today.

Three things to know about evaluating home insurance quotes

Getting numerous quotes to compare is one of the most important things you can do when you’re selecting a home insurance policy. At Busick Insurance Agency LLC, we offer home insurance policies for homeowners in Orleans, IN.

The following are three things to know about evaluating home insurance quotes.

The cost

Of course, the premium cost is an important consideration for any home insurance quote. However, homeowners should not simply purchase the policy with the lowest quote amount.

The average home insurance premium in Indiana is $983 annually. The more valuable your home is, the more expensive its insurance costs will be. You should consider the premium cost you’re quoted in combination with other policy factors when making a decision. 

The types of coverage included

Read the fine print when you receive a quote on a home insurance policy. Understand the ins and outs of the coverage that’s being offered to you.

Understand how much coverage is offered and what the policy maximums are for coverage types like liability coverage and property damage coverage. Also, find out if outbuildings or home-based businesses are covered under policies you’re quoted for.

The add-on options

You also need to evaluate the add-on policy choices for individual policies you’re considering after receiving quotes. One of the primary types of add-on coverage you may want to look into is flood damage coverage.

Flood damage coverage is not automatically included in most home insurance policies. However, it’s an important type of add-on coverage to have. Other types of add-on coverage to consider are earthquakes, sewage backup, and underground service line coverage. 

We’re here to help you explore your insurance options in Orleans, IN. If you have a question about our policy offerings, get in touch with us for assistance at Busick Insurance Agency LLC. 

A Guide To Help Indiana Residents Understand The Basics Of Medicare Insurance

Busick Insurance Agency LLC assists the Orleans, IN community by offering residents insurance coverage. Our primary goal is to help our clients find the insurance coverage that they need to take care of their families and protect what matters most.

Medicare Insurance Basics

Medicare Insurance provides you with security as you age. The policy ensures that you will have assistance in the event that you need to go to the emergency or your primary care physician advises you to take a prescription. There are several different types of Medicare coverage available.

Medicare Part A covers you in the event that you are admitted to the hospital for a substantial period of time. The policy also covers you in the event that you have to undergo treatment at a nursing home or hospice. Medicare Part B covers your visits to your primary care physician, including your regularly scheduled checkups every year. In the event that you seek outpatient care or you have to go to the emergency, you will be covered.

You may also choose a Medicare Advantage Plan, where you can receive additional protection, such as dental and vision coverage. With a Medicare Advantage Plan, you’ll have to choose a primary care physician within a specified network. Medicare Supplemental Plans are available if you are looking for an extra layer of security besides your traditional coverage. Medigap coverage protects you if you seek coverage outside of the country. Regardless of the policy that you choose, pay attention to the deadlines for signing up. Medicare insurance can be an asset as you start making plans for the future. In the event that you have a medical emergency, you will be protected.

Busick Insurance Agency LLC Will Help You Find Coverage

For over 50 years, we have helped families in Orleans, IN finds the coverage that they need. For more information on Medicare insurance, visit our website today!

Top Tips for Parents of Teen Drivers

New driver in the household? That’s okay! You might be a little nervous, but they are going to do great out on the road. Here are a few top tips for parents of Orleans, IN teen drivers.

Your Teen’s Grades Matter

One of the most important things parents of teen drivers need to remember is that your child’s grades have a huge impact on their auto insurance premiums. Most carriers offer a pretty substantial discount for high marks, so keep this in mind and let our Busick Insurance Agency LLC team know when those report cards come in.

They Learn Driving Habits from You

Another important tip is to remember that your children learn driving habits from you. If you’re regularly out there texting, putting on makeup, or eating while driving, they’re likely to mimic these behaviours on their own. Instead, always remember to drive safely and appropriately while your new driver is in the car.

Use Technology to Your Advantage

While you definitely don’t want your teen using a smartphone while driving, there are definitely apps and other devices out there to help monitor when you aren’t around. For example, Verizon’s HUM app plugs into the vehicle and keeps track of location, fast braking, speed, and more. Of course, this is just one example of the various tools out there, as there are tons. 

Make Sure You Have the Right Insurance Coverage

There are parents out there who are hesitant to report to their insurance company that their teen is now a driver. While this might be tempting to save a few bucks, it isn’t recommended. Why? If your child is involved in an at-fault accident, the incident might not be covered depending on the circumstances. If your insurance company doesn’t know there’s a less than experienced driver in the household, it could nullify your policy altogether. Not a good situation, no matter how you look at it.

Looking for more tips for having a teenage driver in the family? Please contact our Busick Insurance Agency LLC team today to start the discussion.

Common Misconceptions About Renters Insurance

For over 50 years, Busick Insurance Agency LLC has proudly served the Orleans, IN community by offering residents multiple insurance policies. As an independent insurance agency, we have established a successful partnership with several different insurance companies. We strive to meet the insurance needs of our clients while offering excellent customer service.

Renters Insurance

Renters Insurance allows you to cover your property and personal belongings from potential damages. You will be covered in the event that your clothes, furniture, electronics, and other possessions are damaged or stolen. Here is a look at some common misconceptions about Renters Insurance.

You Don’t Need It If You Stay In A State With Good Weather

Many people believe that renters insurance isn’t necessary if they stay in an area that isn’t prone to natural disasters such as tornadoes and earthquakes. Even if you don’t reside in an area where the threat of a tornado is high, renters insurance is still valuable because you’ll be protected in the event that your property is damaged due to a fire or a sudden water leak.

Your Property Isn’t Valuable Enough

Perhaps you believe that you don’t have any valuable possessions you so you don’t need renters insurance. If someone breaks into your property and steals your clothes, electronics, or furniture, renters insurance covers you.

Liability Protection Isn’t Necessary

Accidents happen. There may be a scenario in the future where your apartment floods and the water was to infiltrate someone else’s unit, causing damage. Liability coverage protects you in that situation. The policy is also beneficial in the event that someone is injured while visiting your property.

Consult With Busick Insurance Agency LLC

Renters insurance gives you a sense of comfort that your valuables are protected. Stop by our office in Orleans, IN, and we will help you find the right policy.

Do I need to carry motorcycle insurance in Indiana?

When you hit the open road with your motorcycle you won’t be alone, Indiana has more than 250,000 registered motorcycles making it number 11th in the nation. When it comes to requirements by the state, motorcycles are not mentioned specifically however, all drivers are required to carry minimum levels of liability insurance. In the state of Indiana, that is 25/50/25. This means that for any person injured in an accident, $25,000 of coverage is a must with a total of $50,000 for all persons injured in an accident. Additionally $25,000 in property damage coverage is required. Busick Insurance Agency LLC in Orleans, IN has been helping residents find the right policy for their needs for over 50 years. 

While liability is required, it only protects other people from you, what about your motorcycle? Chances are you spent quite a lot to have the motorcycle of your dreams. If you have a motorcycle loan, your lender will require that you have insurance on the bike to protect their investment. Once your loan is paid off you may be tempted to let your coverage lapse. If you have an accident where either you are at fault or no other driver is involved you will be left holding the bag for any damage to your bike. This can be thousands of dollars. 

Collision and comprehensive coverage provide protection for your motorcycle. It covers theft as well as damage that is the result of flood, wind, hail, deer and other large animals as well as trees, poles and other vehicles. You may not need to have this coverage but opting for it can be a good decision. 

At Busick Insurance Agency LLC in Orleans, IN our agents understand motorcycle insurance and the benefits to you as a motorcycle driver. Stop by our office or give us a call for a free no-obligation quote. 

What Is Umbrella Insurance

When considering insurance you likely think of individual policies, such as home, auto, and life. However, umbrella insurance is different. It isn’t fixed to just one item you own or one aspect of your life. It, as the name suggests, opens up and covers a number of items under its "umbrella." But what exactly is umbrella insurance? Our staff here at Busick Insurance Agency LLC is here to answer that very question. So whether you live near Orleans, IN, or anywhere else, here is what you need to know about umbrella insurance. 

What Is Umbrella Insurance?

Your home, auto, recreational vehicle, or other items you own likely have some sort of liability coverage attached to it. This is helpful but it may not fully protect you and all the financial burdens that can come with legal action taken against you. Instead of taking on added liability coverage for everyone you own, why not instead take out a blanket coverage that covers everything? With umbrella insurance that is exactly what you do. This is an excellent idea if you have valuable vehicles or properties and you want to protect yourself from lawsuits, or if you have student drivers and want to invest in the protection, just in case an incident comes up that requires legal help. Umbrella insurance can help with all of this. 

Consider Umbrella Insurance

If you are interested in additional liability protection across the board, umbrella insurance very much is the kind of coverage you need to consider. It doesn’t just focus on one aspect of your life but all aspects of your life. If this sounds like the kind of protection you need, now is the time to contact our staff at Busick Insurance Agency LLC. When you call greater Orleans, IN home, our staff is here to service you. 

Do I Have Enough Health Insurance in Orleans, IN?

The amount of health insurance you have is a somewhat personal choice for everyone. Much like other forms of insurance, you choose the amount of coverage you want. If you don’t foresee yourself going to the doctor very often (if ever), then you may feel comfortable going for the bare minimum. But are you prepared if something changes along the way? Busick Insurance Agency LLC wants to help you answer this question, so you’re confident about the future. 

Anticipating the Worst 

No matter how healthy someone is, there’s always the chance that something could happen. From accidents to chronic illnesses, not everyone gets the warnings they need to plan ahead. If you have a low-level plan in Orleans IN, you may not be able to handle a high deductible should you need to take advantage of the healthcare system. Unfortunately, the fees for many services can be more than people think, which can ultimately leave you in a  more precarious situation than you’d like.  

Planning Ahead 

If you know you need additional coverage, say for an upcoming pregnancy or planned procedure, make sure you’re selecting an accommodating plan that will make sense for the long-term. Some plans may be more in terms of premium, but they’re actually the best plan if you need certain kinds of services. 

Getting Answers  

If you have questions about how health insurance can make you safer, Busick Insurance Agency LLC can be of service. Our agency was created to help people really understand the plans they’re signing up for. When a policy can read like a jargon-filled novel, you’re better off talking to someone who knows. Let us take the reins so you can make decisions that will support your health for years to come.