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. 

Indiana Auto Insurance Terms Explained

When you are purchasing auto insurance in Indiana, the terms can be mind-boggling. It’s impossible to make a sound purchase when you are confused by all the terms that are being thrown your way.

At Busick Insurance Agency LLC, we want Orleans, IN residents to feel secure in their auto insurance choices. We can help you to design the auto insurance policy that you need.

Liability Insurance

For every state there are minimum requirements for your auto insurance liability coverages. Those liability purchases are to cover the losses of other drivers in the event that you have been in a collision.

That liability coverage includes bodily injury liability and property damages coverage. 

Collision Insurance

Collision insurance on the other hand will cover damages to your vehicle in the event of a collision. This could include damages to your vehicle in a car that you have rented.

Comprehensive Insurance

Comprehensive insurance is insurance coverage that will cover you financially in the event that you experience losses that are not related to collisions. This includes bodily injury to other parties as a result of a collision, vandalism, theft, or any other loss that is not a result of a collision.

In addition to these damages, you may also use comprehensive insurance for:

• Windshield damage
• Falling objects
• Fire, riot, or explosion
• Weather-related damage
• Accidents with animals

Uninsured and Underinsured Motorist Coverage

Uninsured and underinsured motorist coverage is another kind of coverage that is required in Indiana. When you are in an accident where there are underinsured or uninsured motorists, this additional coverage will cover your costs and claims. 

Get a Quote

When you are looking for auto insurance, there are a number of terms that could confuse you. That will make it easy to get the wrong auto insurance. At Busick Insurance Agency LLC, we want Orleans, IN residents to have the right Indiana auto insurance policy. It’s easier than you think. Call us for a quote today.

The Most Frequently Asked Questions About Home Insurance

Home insurance is a must.  It is one of the most important types of insurance for homeowners that protect the property itself, personal belongings, and provides liability coverage. If you are a homeowner, or you are only thinking of getting a home, Busick Insurance Agency LLC serving clients in Orleans, IN prepared a list of the most popular questions and answers about this type of insurance:

What Does Standard Home Insurance Cover? 

A typical homeowners’ policy covers the following things:

  • The structure of a home
  • Personal belongings of homeowners
  • Additional living expenses if a home becomes unsafe to stay in 
  • Personal liability and legal fees
  • Other structures related to the property (garage, shed, etc.)
  • Valuable items (additional coverage may be needed)

Is Home Business Covered By Standard Home Insurance?

In most cases, standard home insurance policies do not cover home business. If you run a business at home, you should get separate commercial insurance. 

What Does Affect The Cost of Home Insurance?

There are certain factors affecting the cost of home insurance. These factors include the location of your home, your credit score, claims history, and others. A home insurance rate may also change based on renovations to your property. 

Busick Insurance Agency LLC – We Help You Find An Insurance Policy You Need

Are you a homeowner living in Orleans, IN or any other nearby town and looking for home insurance to protect your property and belongings? Our insurance agency is here for you. Our team of experienced and knowledgeable insurance agents is ready to help you find a policy based on your needs, requirements, and budget. Feel free to visit our website or give us a call if you have any questions. 

3 Risks of Driving Without Auto Insurance

Auto insurance in Indiana is mandatory. Every car plying on Indiana roads must carry a valid car insurance policy. Regrettably, you will still encounter some motorists in Indiana on the road without car insurance. But is the risk worth it? 

If you have been driving your car without insurance or thinking of doing so, think about the consequences. Busick Insurance Agency LLC of Orleans, IN has prepared for you the risks of driving your vehicle without auto insurance. 

You risk fines and penalties 

Like most states, all drivers in Indiana must provide proof of financial responsibility, which is car insurance while on the road. Failure to do that you risk fines and penalties penned in the law. Some of them include suspension of your driver’s license as well as registration suspension for one year and penalty fees ranging between $250 and $1,000. But why go through all this yet Busick Insurance Agency LLC can give you affordable coverage.

You risk losses of uncovered asset

With so many uncertainties on the road, you can’t afford to drive without car insurance. Why? If your car got into an accident, and you are at fault, you will have to bear the cost of the unplanned repairs that could cost thousands of dollars. Worse still, if your car is totaled, you may have to buy a replacement from your pocket.  

You risk uncovered liability costs

When you are at fault for an accident, you are responsible for third–party expenses. Think of bodily injuries, property damages, and worse legal expenses if the aggrieved party sues you. These expenses could leave you in debt or wipe out all your savings if you don’t have car insurance.

Car insurance in Orleans, IN

Driving without car insurance? The risk is not worth it. If you are in Orleans, IN, and its surroundings, please get in touch with Busick Insurance Agency LLC for affordable coverage.

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.

What do I need to think about when picking a motorcycle insurance policy?

Anyone that is in the Orleans, IN area knows very well that owning a motorcycle is a great way to get around the community. If you are looking to purchase a motorcycle when you are in this area, you need to get the right insurance as well. As you are picking a new plan, you will find that there are many factors that need consideration. There are a few items in particular that need to be thought about during this process. 

Is Full Coverage Needed

One factor to consider as you are looking for motorcycle coverage is if you need full coverage. A full motorcycle insurance plan will provide coverage to repair or replace the asset if it is stolen or damaged. While having this coverage is a necessity if you have a loan or expensive motorcycle, those with motorcycles that are more affordable to replace may not feel the need to maintain this coverage. 

What are the Requirements

Another important factor to consider is whether you have specific insurance requirements. Those that own a motorcycle may have a motorcycle loan, which could require you to maintain a certain level of coverage. Additionally, if you intend to drive it on a public road, you will need to have liability insurance to comply with state law. It is important to understand and follow any insurance requirements. 

There are several factors to think about as you are choosing a new motorcycle insurance plan. If you are looking for a policy and are in the Orleans, IN area, you should call Busick Insurance Agency LLC. The team with Busick Insurance Agency LLC can help you understand the different insurance options and what your needs are. They can then give the support that is needed to build and select a plan that is ideal for your situation. 

Enjoy peace of mind with an umbrella policy

An umbrella policy is a real financial safety net. As a responsible adult, you probably already have car insurance, homeowner’s insurance, perhaps even boat insurance. All these policies have payout limits for particular types of claims. So, what happens if, for instance, you are involved in a car accident and your liability amount for the accident exceeds the car insurance policy limit? In short, if you have umbrella insurance, it will cover the shortfall. You will be able to protect your assets and avoid a financial setback.

Coverage for uninsured and underinsured driver liability

Busick Insurance Agency LLC in Orleans, IN points out a further benefit of owning an umbrella insurance policy. Protection in the event you have an accident with an uninsured or underinsured driver.  If the other driver’s insurance cannot pay out enough to cover the cost of your medical bills and car repairs, you can claim the shortfall from your own umbrella policy. And, if the other driver happens to have an umbrella policy, you can claim all the damages from him regardless of the low liability limits on his insurance policy.

Protection for your immediate family members

An umbrella policy also provides an additional level of protection for your family. If anyone in your immediate family is involved in an unfortunate car accident, they are also covered under your umbrella policy. It means that you can use the policy to protect your loved ones in a situation where they are deemed liable for property damage or injury of someone else.

If you live in Orleans, IN, come to speak to a friendly agent at the Busick Insurance Agency LLC. They will carefully assess your needs and provide a policy that will give you the appropriate amount of coverage.

Is it time to upgrade your health insurance plan?

You have kept the same health insurance plan for more than five years. Some friends and even family members have told you to consider upgrading your policy. The work that goes into searching for another health insurance policy in Orleans, IN, however, is overwhelming. Busick Insurance Agency LLC can help you determine if it is time to upgrade your health insurance policy. 

When did you last look at your health insurance plan?

Many consumers stop at the fact that they are covered with some type of health insurance policy. Having indemnity coverage, however, is not enough. 

How would you pay a high deductible if you need emergency care? Also, does your health insurance include all of your eligible dependents? These questions and more are why it is important to review the terms of your health insurance plan often. 

Can you afford higher monthly premiums?

Some policyholders purchase the cheapest health insurance because it is all they can afford. You, however, may be able to pay more in monthly premiums now that your career is more established than five or ten years ago. You should contact an insurance specialist immediately if you want to pay more in monthly premiums to potentially reduce your deductible rates. 

Has your lifestyle changed?

Some buyers prefer less health care coverage because of lifestyle changes that require fewer visits with the doctor. Others may need more coverage due to marriage or the birth of a newborn. You should consider all of your lifestyle changes when determining if it is time to upgrade your health insurance plan. 

The agents at Busick Insurance Agency LLC can help you decide if changing the terms of your current health insurance policy is the best choice. Call today to get started with a quote!

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.