Monthly Archives: June 2015

5 Things You Need to Know About Insuring Your Cell Phone

Insuring your cell phone can be a good idea. Smartphones are getting increasingly more expensive, and mishaps that damage their functioning are hard to avoid.

Things You Need to Know About Insuring Your Cell Phone

Source: Lifehacker.com

If you’re wondering whether cell phone insurance is a worthwhile investment for you, consider the following:

  • What cell phone insurance covers- Cell phone insurance can cover all of the following: theft, loss, accidents, malfunctions. However, it’s important to read the fine print, because each policy differs.
  • Requirements of filing a claim- If you want to file a claim, you’ll generally have to go through several steps. For example, if your cell phone is stolen, you’ll probably have to file a police report. You also may need to bring your phone in to a specific location for inspection if you’re filing a claim due to a malfunction.
  • The deductible- Most cell phone insurance involves a deductible that you’ll have to pay when you file a claim. Shop around for the lowest deductible or your insurance might not be worthwhile.
  • Understand possible reasons for denial- Possible reasons for a claim denial with cell phone insurance include malfunctions prior coverage in a manufacturer’s warranty for a malfunction or denial because damage was caused by an owner’s attempts to modify the cell phone. It’s a good idea to review your warranty before purchasing insurance, and if you have a habit of tampering with your cell phones on your own it’s important to understand that any resulting damage probably won’t be covered.

If you’d like to learn more about the advantages of insuring your cell phone, contact Schumacher Insurance Agency for more information.

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Paying Auto Insurance By the Mile vs. By the Month

Are you finding yourself stressed out over the amount you pay for auto insurance per month? It may be time to take a different approach and pay your auto insurance by the mile. This allows you save money by only paying for the miles you are using every month.

Young Driver Insurance

Source: Wikimedia

  • If You Do Not Drive Often: You may find yourself paying $150 a month for insurance. If you do not drive as often as others, this can feel a bit unfair. Why pay a higher price for something you do not use often? When you pay by the mileage, you may find yourself paying four cents per mile, rather than 26 cents. You may pay more in July than June, but at least you will only be charged for the miles you use.
  • You Can Save Money: It is no secret that you are going to save money by paying per the mile, even if you find yourself driving often. Depending on how often you drive each month, you could find yourself paying $60 per month, instead of the usual $150 a month. It may vary per month, but you will not have to overpay for the months you are not driving often.
  • Respects Your Privacy: When you pay per the mile instead of the month, your insurance company will send you a sensor to attach to the diagnostic port of your car. This allows the company to track your mileage and charge you for the correct amount. The company is only looking to track your mileage, so you do not have to worry about your privacy being violated.

When you are ready to start paying your auto insurance by the mile, consider using Schumacher Insurance Agency.

You can get started on changing your auto insurance policy by contacting us today.

Find Out What’s Covered by Your Auto Insurance Company

Knowing what is covered by your auto insurance policies is important. You don’t want to wait until you’re involved in an accident to find out what coverage you have! If you’re not sure what coverage you have or need, take a look at the following options and then get in touch with your provider to make sure that your policy gives you adequate coverage.

Car Accident

Source: Edmunds

Bodily Injury Liability covers costs of injuries that you may cause to someone else, such as another driver, cyclist or pedestrian.

Personal Injury Protection covers costs of injuries sustained by yourself and passengers in your car in an accident.

Property Damage Liability covers costs of damage that you do to other people’s or state property, such as other cars, buildings, signposts and other pieces of property.

Collision Coverage covers costs of repairing your vehicle in case of a collision with another vehicle or structure. There is usually a deductible amount set in the policy as well as a premium. If you wish to keep your premium lower, you may want to set a high deductible.

Comprehensive Coverage covers costs in case of theft or damage that occurs to your car from issues other than collisions, such as hail, vandalism, hitting an animal, fire and other incidents. There is typically also a deductible set in this type of coverage.

Uninsured or Underinsured Motorist Coverage covers costs in case you are hit by a driver who is uninsured or underinsured, and cannot cover the costs of damage repair or injuries, or if you are hit by a hit-and-run driver. It can also cover you as a pedestrian.

Knowing what insurance you want and what your auto insurance policies cover is important for peace of mind. If you have any questions about your coverage, contact us for more information!

Keep These 5 Things in Mind Before You Rent a Car on Vacation

The ocean is calling your name, beckoning you to plunge into its salt water and achieve that once or twice a year condition known as vacation bliss. Before you rent a car to take you to the shore, keep a few things in mind.

Schumacher Insurance

Source: Free Digital Photos

  • Before you begin the process of renting a car on vacation, contact your insurance company. Usually whatever coverage you have for your personal vehicle will cover the one you rent, as long as you are not using the rental car to conduct business.
  • Find out if your insurance company covers the cost for towing charges, loss of use, and administrative fees.
  • Place a call to your credit card company, and find out the type of coverage they will provide. If you are using them as your sole provider ask them to provide you with coverage information in writing. The insurance they provide is usually secondary to the coverage you receive you get from your personal insurance and the coverage provided by the car rental company.
  • It pays to get the best coverage possible. Be sure your rental vehicle is covered by liability insurance. If possible get personal accident insurance to cover medical bills and personal effects coverage to insure the items inside the car if they get stolen.
  • If you opt for the newer peer-to-peer car renting or car sharing companies when renting a car on vacation keep a few things in mind. While car sharing services do have coverage built into the fees, there is an accident fee you will have to pay if you are involved in an accident.You can waive this cost by paying an additional fee. If using a peer-to-peer car service, get the additional coverage that they offer.

Looking for insurance? Contact Schumacher Insurance Agency today to receive insurance with integrity.

3 Questions You Should Ask About Your Life Insurance Coverage

Insurance is an important thing to think about, but unfortunately it can also be a tricky subject. Life insurance is both especially important to get right, and something people are especially unwilling to think about Still, it is prudent to ask yourself a number of questions about life insurance policies to ensure you are making the wisest decisions about whether to get it and under what conditions. Here are three of the central questions you can ask to assess what your wisest course of action is.

Life Insurance

Source: Free Digital Photos

1. Do People Depend On Me?

The foremost question is to ask who will be financially affected by your death. If you have family, especially descendants, life insurance is a vital way to secure their financial futures, especially during the difficult time of bereavement.

2. Where Else Might Money Come From?

If you do have dependents, think about where else they might derive income from should you pass away. Life insurance policies are only one option here, whilst other possibilities might include houses, land, or royalties. Keep in mind these may not always be suitable for sales, and further that taxes can be a big drain on such inheritance.

3. Who Else Might I Donate To?

Even if you are without dependents, you may still find that life insurance policies are the best way to give to a cause you wish to support. For example you may wish to donate to a local museum or a charity. In many situations a life insurance policy is the best way of achieving this.

These are, of course, not an exhaustive list of considerations, but they are an excellent starting place for thinking about life insurance policies. If you have questions of your own and wish to discuss your insurance, please contact us at your convenience.

Why Should You Bundle Your Insurance Policies?

If you are in the market for more than one kind of insurance policy, you should consider bundling your insurance policies. After all, you stand to gain much by making said choice, particularly if you have found an insurance company that you like so much that you want to stay with them for the foreseeable future.

Road Trip

Source: Free Digital Photos

Consider these benefits of bundling your insurance policies:

  • Generally speaking, purchasing insurance policies as a bundle costs less than purchasing separate insurance policies from separate insurance companies. This is because the insurance companies that offer said bundles tend to be bigger and better-established, making them more willing to take the loss in exchange for the chance to more than make up for it by selling coverage for additional items. In other words, purchasing insurance policies as a bundle is a win-win for both insurance consumers and insurance companies.
  • Purchasing all of your insurance policies from the same insurance company makes it that much easier for you to manage them, particularly if you prefer to make manual payments.. This is important because if you make even a simple mistake such as making a late payment, you could end up paying late fees or even losing your insurance policy altogether.
  • If you have purchased all of your insurance policies from the same insurance company, it will have more information about the extent of your coverage, which can prove useful if you ever choose to visit your insurance adviser for assistance with covering potential gaps in the same. After all, if your insurance adviser already knows about the extent of your coverage, you can proceed directly to the consultation stage instead of spending both time and effort to inform them.

To learn more about the benefits of bundling your insurance policies, please contact us at Schumacher Insurance.

4 Reasons to Use a Local Insurance Agent

Shopping for insurance isn’t going to be the most fun you’ve ever had. In fact, it’s not really something anybody enjoys doing, though it can bring about a great deal of peace of mind for many people. However, the very fact that shopping for insurance can be inconvenient and a little less than fun should tell you that there are a lot of reasons to use a local insurance agent when buying policies. Keep reading to learn more about why you should always go local when buying an insurance policy for you, your home, your car or your family.

Schumacher Insurance

Source: Free Digital Photos

  1. An insurance agency that lives near you and works in your area will be familiar with your needs. This is particularly important when it comes to homeowner’s insurance where certain issues with buildings and natural disasters are more common. Your agent needs to know your area to help protect your home.
  2. You can actually meet with your insurance agent! That’s something most people don’t think about – until they buy a policy with somebody somewhere else. Being able meet your agent can make a big difference and get questions about your coverage and policy answered quickly.
  3. Smaller local companies are often easier to deal with. You’ll still need to compare rates, but there’s something to be said for a smaller company that can give you a lot more attention than a national or international company.
  4. An insurance agency in your area can understand how your business works. Remember, buying a policy for coverage of employees, your office or a retail store isn’t as simple as just what industry you’re in. The location can make a big difference as well.

Contact Schumacher Insurance Agency to learn more reasons to use a local insurance agent when shopping for your policies.

Save Money on Your Homeowner Policy With These 5 Steps

Homeowner’s insurance is something that you know you have to have. In fact, if you don’t get it on your own, chances are your mortgage lender will provide you with a forced policy that costs more money and doesn’t provide as much coverage just to protect their investment. While it can seem expensive, there are some things you can do to reduce your rates, and saving money on your homeowner policy isn’t an impossibility. Use these five tips from Schumacher Insurance Agency to learn more about saving money on your homeowner policy this year.

Save Money on Your Homeowner Policy With These 5 Steps

Source: Schumacher Insurance

  1. Buy multiple policies from the same insurer. For example, some companies offer auto insurance, life insurance and homeowner’s insurance. If you buy more than one policy they may give you a discount for doing so.
  2. Shop around when it’s time to find a new homeowner’s insurance policy. There’s nothing wrong with checking your rates at three or four different companies in your area. Just make sure you get the policy and coverage you want and need for your home.
  3. Make your home more secure. A home with an alarm system and other safety features like overhead sprinkles is better protected, and that can mean lower homeowner’s insurance rates for you. If you make upgrades, let your insurer know and you might be able to negotiate a lower rate.
  4. Consider raising your deductible. You’ll have to pay more out of pocket if something goes wrong, but if you live in a low-risk area and have a decent income it could be reasonable.
  5. Don’t insure land your house is on. Believe it or not, insuring both land value and home value is a common mistake that can result in high premiums.

Contact Schumacher Insurance Agency to learn more about saving money on your homeowner policy.

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