Monthly Archives: August 2014

Make Sure You Take the Right Steps When Your Car Breaks Down

Because a vehicle is such a big investment in many people’s lives, you want your car to run perfectly at all times.  Unfortunately, this doesn’t always happen.  Whether it’s due to worn out parts, lack of preventive maintenance, or an accident on the road, your car can breakdown and this most often happens when we least expect it.  Make sure you keep these car accident safety tips in mind in case your car does break down, so you’re prepared to handle the situation as quickly and properly as possible.

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  1. Never get out of your car and inspect damage or look for issues when your car is broken down on a busy highway or roadway.  Always try to get your car away from heavy traffic, so you can inspect it and perform repairs safely.
  2. Keep a roadside emergency kit in your vehicle that has flares or reflective triangles, so you can warn oncoming traffic that there may be a hazard in the road and that they should proceed with caution.
  3. If you don’t feel safe inspecting your car where it has broken down, use your cell phone to summon assistance.  Whether you contact a friend or family member, a local towing company, or even the police, having someone else there with you may be safer than attempting to handle the situation on your own.
  4. If you have a flat tire, you can drive on the flatten tire and/or rim to get to a safer spot, and the cost of replacing the rim is much less expensive than replacing the entire car.

Make sure your car insurance is current and that you have the coverage you need for life’s little inconveniences.  Contact us at Schumacher Insurance Group today to learn more about our automobile insurance plans and options.

Get Your Home Ready for the Fall With These 3 Safety Tips

It seems like summer just arrived, and now we’re preparing for the changing seasons once again.  With fall right around the corner, there are a few things you should be doing to get your home ready for the new season.  Here are three safety tips you can take care of now to avoid potential issues later in the year:

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  1. Perform an inspection on your heating equipment, and have the system serviced by a professional technician if necessary.  You don’t want to wait until you need your heating system to make sure it’s working properly.
  2. Make sure your roof and attic insulation are in good repair and your gutters are cleaned out.  Leaves can gather in your gutters and when the temperatures dip below freezing, snow and ice can accumulate in them or on your roof and cause damage.  Your insulation should be inspected so you don’t lose valuable heat when you need it most.
  3. Go over your home’s fire safety plan with your family.  Check your home thoroughly for potential fire hazards and eliminate or minimize them, and make sure your family knows what to do if an unfortunate accident occurs.

Another thing on your “to do” list should be to review your homeowner’s insurance policy.  Make sure you have all the coverage options you need and that you aren’t paying for any options that may be unnecessary.  You can learn more about conducting an “audit” of your homeowner’s insurance plan with one of our expert agents when you contact us today at Schumacher Insurance Group.

3 Most Common Commerical Insurance Disputes

In most cases, those who have commercial insurance policies rarely have to deal with any disputes that may arise over policy coverage limits, claims, duties to defend, and other issues.  Before you reach a point where those minor setbacks could become complicated matters, make sure you are aware of these common commercial insurance problems and are prepared to avoid them.

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Among the most common commercial insurance problems is a dispute over coverage limits and what may or may not be excluded by your commercial insurance policy.  To avoid this particular dispute, make sure you thoroughly review the coverage options and exclusions before finalizing your policy.

Another common dispute for commercial insurance policy holders and insurance carriers is loss assessment.  You may value your assets much differently than your insurance carrier.  Many people often have an inflated view of what things are worth, but everything depreciates over time and can also lose value depending on a variety of circumstances.  Your insurance carrier has access to individuals who make professional valuations for a living, so don’t let a layman’s assessment get in the way of a skilled one.

Lastly, a common commercial insurance dispute that can frequently be avoided is one that involves a breakdown in communication.  Be sure you understand precisely what your insurance agent is explaining to you and make sure you ask as many questions as possible to ensure that you have a good grasp on all the facets of your coverage.  Also make sure that your insurance carrier understands what you want and what your expectations are, so you can avoid disputes in the future over simple communication differences.

Learn more about commercial insurance when you contact us at Schumacher Insurance Group today!

Term Life Insurance vs. Permanent Insurance

Everyone benefits from carrying life insurance. It helps ensure that your family is protected in case something should happen to you unexpectedly. Because burial and other funeral costs are so high, having this insurance will help alleviate the burden on your family. It’s helpful to know the difference between term life insurance vs permanent insurance before buying life insurance.

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Term life insurance is often the easiest type of insurance to understand because it simply pays a death benefit. However, the policy is taken out for a specific term, which means that no benefits are received if you live past the policy’s term.

Permanent policies offer a death benefit, combined with a savings account. It’s possible to get the amount of the premium back when you cash in on it. Because of the savings account, you might even earn more than what you paid into it. Another difference is that you can borrow against a permanent policy.

One of the biggest concerns that many people have when they’re shopping for insurance is how much their premium will cost. Permanent policies typically cost more because the money is invested. However, advantages include a cost that stays consistent and the fact that the money is tax-deferred.

Many advise that, when you’re deciding between term life insurance vs permanent insurance, you select term life insurance if you plan to hold the policy for a shorter period of time. Permanent policies are generally better for those who plan to keep them for periods of 20 years or more.

For more information about Permanent policies or policies in general, contact Schumacher Insurance.

3 Insurance Tips for College Students

As a student in college it’s important to think about your own protection. No matter what life throws at you, there is an applicable insurance policy that covers it. Here are three insurance tips for college students that help you decide what’s right for you.

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  • Your parents homeowners insurance policy will probably cover you if you are living on campus in a dorm. However, if you opt to live off campus and rent an apartment, your best bet will be to get your own renters insurance policy. These types of policies often include liability clauses. These are handy to have if someone should get hurt in your apartment.
  • Getting your own car insurance policy may be the best way to proceed if you are living at your college’s location and not at home. Your parents policy may not cover you if you visit a college out of state or your primary residence changes. Some car insurance policies will take good grades into account as a means to lower your rates.
  • While life insurance may not be on the top of your list to think about as a college student, it is definitely worth discussing if you are married and attending school. It becomes imperative if you have young dependents that would need to be taken care of if you died.

Please contact us today for free quotes and insurance tips for college students at Schumacher Insurance Agency.

New to Your Motorcycle: Here are 5 Tips for Beginner Riders

You’ve always wanted a motorcycle and now that dream has finally become a reality.   While you’ve ridden with friends, this is the first time you’ve ever had your own bike and want to make sure you do everything right. These tips for motorcycle riders are great ways to ensure both your personal and financial safety.

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  • Begin with a “starter” bike. Though you may be tempted now after all these years to get that bike you’ve always longed for, it’s important to remember this is a completely new experience and accidents do happen. You WILL end up dropping your bike no matter how careful you are.
  • While riding alone can be a great adventure, riding with other more experienced riders can both be a fun social activity as well as a super way for you to sharpened your skills through their advice and suggestions.
  • Sign up for a professional riding course. The Motorcycle Safety Foundation offers a course that once passed, some states will accept in lieu of their own testing for your motorcycle endorsement. Plus, many insurers will offer a discount upon successful completion of this course.
  • No matter what your state laws are, please always wear a helmet. Including boots, gloves and a good jacket are also a smart idea. If you have room, stash rain gear as well. You never know what you’re going to run into and need to be prepared.
  • Finally, one of the best tips for motorcycle riders is to always make sure you become properly licensed and have all the necessary insurance. As mentioned before, accidents do happen and you need to be prepared.

Schumacher Insurance Agency is here for all your insurance needs, including insuring that brand new shiny motorcycle. Please contact us today for more information.

3 Common Myths About Rental Insurance Policies

There are several misunderstandings about renters insurance and who needs to be covered by it. These are the three most important myths about rental insurance policies we here at Schumacher Insurance Agency would like to debunk for you.

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  • I don’t have enough property. This is easily the most common misconceptions about renters insurance. You don’t think you have enough to spend money on coverage. But if you take a look around the room and do some quick math you might be very surprised by the results. Even in the most modest settings, items such as books and CD’s add up in value quickly. Add to that all the technical gadgets, including computers, tablets. etc. and you are quickly racking up quite a sum to cover.
  • Surely, my landlord will cover property damage. Unfortunately, when disaster strikes a rental property, the landlord’s insurance policy will only cover the damage to the property and the grounds. Any personal belongings contained within are excluded because they are supposed to be covered by your renters insurance.
  • Rental insurance policies only cover personal things. This is not true. Most renters insurance policies will cover liability costs such as slip & fall injuries or water damage caused by overflowing your tub. You could be out of a lot of money if you didn’t have this coverage to protect you. This may be the most important reason to get renters insurance in the first place.

We hope this clears up any misconceptions caused by myths about rental insurance policies. Please contact us at Schumacher Insurance Agency for any information or a free quote today.

3 Benefits of Using an Independent Insurance Agent

When it comes to protecting themselves with insurance, both businesses and consumers have a choice between either insurance carriers or independent insurance agencies. Although there are a number of benefits to choosing insurance carriers, the same can be said of their counterparts, not least because of the independent insurance agencies’ expanded reach.

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Here are 3 examples of independent insurance benefits that can be had with independent insurance agencies such as Schumacher Insurance:

  • Since insurance carriers are never the same, it should come as no surprise to learn that each one with its own set of insurance policies. Independent insurance agencies represent an average of eight insurance carriers, meaning that their clients have access to all of their insurance policies as potential options. In short, this means that clients have a better chance of finding the perfect insurance policies for their particular circumstances with independent insurance agencies compared to insurance carriers.
  • Most businesses and consumers have an inexpert understanding of insurance policies, meaning that the recommendation of others have enormous influence over their choices. However, this is problematic because insurance carriers have strong financial incentive to over-sell their insurance policies, which can lead to less than optimal outcomes. In contrast, independent insurance agencies have strong financial incentives to be fair and objective when it comes to potential options.
  • Not all insurance carriers sell all kinds of insurance policies, meaning that their clients will have to consult multiple insurance companies to secure complete protection. In contrast, independent insurance agencies serve as one-stop shopping destinations for all kinds of insurance policies, including but not limited to coverage for cars, homes, and businesses. This increased convenience makes it that much easier for their clients to monitor and keep up-to-date with their insurance policies.

To learn more about independent insurance benefits, please contact Schumacher Insurance.

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