The Realities of Life Insurance

Many families in Clarkston, MI have tried to buy life insurance from The Ryan Insurance Agency, only for them to tell us about the many myths surrounding this policy. The current nature of the life insurance industry is that most customers do not have the important facts that can help them when it comes to buying such policies. Here are some realities of life insurance that can help customers to make good decisions. 

Understand Term and Whole Life Insurance

Term life insurance covers a period of time while whole life covers the entire period of your life. The two policies are good, but whole life insurance is the costlier of the two, and most people cannot cater to the premiums of whole life insurance. Understanding the two policies will help you to choose the best concerning your financial status. 

Life Insurance is Product and Not Investment

Many people have a perception that life insurance is an investment whereby they will be getting some financial returns after a specific period of time. However, from the planning and execution of insurance policies, it is important to indicate that insurance is a product and not an investment.

The Earlier You Buy, The Better

A huge number of people wait for many years before they can buy life insurance with the argument that they are saving on premiums. This is always a huge lie because buying life insurance at old age will attract larger premiums. Therefore, it is always necessary to buy life insurance when one is still young.

If you live in Clarkston, MI, and you want to understand more about life insurance realities, you can contact professionals at The Ryan Insurance Agency, where you will get the best guide on life insurance. 

What does motorcycle insurance cover?

You appreciate an insurance policy only when something goes wrong. In a motorcycle accident, having an insurance policy can be the difference between recovering from your injury and repairing your property or taking a financial hit that takes time to restore. Besides the peace-of-mind advantage of carrying motorcycle insurance, it is also a legal requirement in Clarkston, MI.

So, what will the insurance policy cover in case of an accident? The experts at The Ryan Insurance Agency explain the different types of coverage included in your policy.

Liability coverage

If you inadvertently cause the accident, the law requires you to pay the injured party’s medical bills and property repairs. The amount is included in your policy’s liability limit. The coverage also extends to your family should they be responsible for an accident while using your motorcycle.

Medical Payment Coverage

If you or your family members are injured in an accident, the policy will reimburse all medical or rehabilitation expenses resulting from the accident. The policy will also pay the funeral costs.

Collision coverage and Comprehensive coverage

Collision coverage reimburses for physical damage to your motorcycle that occurred during the accident. Comprehensive coverage compensates for damages caused by falling objects, fire, theft, hail, or animals.

Uninsured and underinsured coverage

Uninsured and underinsured coverage protects you when the accident is someone else’s fault, and the other driver does not have insurance or has a low coverage limit. In that case, your policy will reimburse the difference. The coverage includes medical bills and property damage.

Preparing to take care of your family and your property when the unexpected happens is easy. Talk to our experts from The Ryan Insurance Agency in Clarkson, MI, who can help you choose a perfect policy, so you can relax.

Do I need boat insurance in Clarkston?

Anyone that is in the Clarkston, MI area of the country should look into purchasing a boat. Those who have a boat in this area can use the many Great Lakes and other waterways that are popular destinations during the summer months. If you would like to get a boat here, you also need to get boat insurance. There are several reasons why an owner may need to get a boat insurance plan when they are here. 

Insurance Protects Your Assets

A reason you will need to obtain a boat insurance plan is that it will protect your assets. A boat insurance plan is a very effective way to protect your vessel as it will provide you the resources needed to repair or replace your boat if it is damaged or stolen. This coverage will also be required if you took out a boat loan.

Insurance Includes Liability Coverage

When you operate a boat, you must be safe and careful. However, even if you are, there is a chance that you could cause a boat accident. Due to this risk, you need to make sure that you have proper insurance coverage. A boat liability insurance plan will give you support if you are found to be liable for damages in accident. 

Those in the Clarkston, MI area and are looking for a boat insurance plan should call the Ryan Insurance Agency team. The insurance team with The Ryan Insurance Agency understands how important this coverage is. They can help you assess your needs and options regarding coverage and help you build a plan that will cover your boat and ensure you are in full compliance with requirements. 

What Can Umbrella Insurance Do for You?

Having strong insurance coverage means more than just protection. It also means peace of mind. If you’re in the Clarkston, MI area and you need good coverage, an umbrella insurance policy from The Ryan Insurance Agency could be just what you’re looking for. Even if you already have good policies on your home, auto, and other areas of your life, having an umbrella policy could help you get the extra level of protection you want. A lot of people who own businesses or have significant assets choose these kinds of policies. Still, you don’t need to fall into those categories to benefit from extra insurance coverage.

An umbrella policy can provide that for anyone who wants another layer of liability over and above the limits of their other policies. If you have a claim on any of your policies and reach your claim limit, there will be additional insurance that can help protect you and the people and things that matter most in your life. By working with a trusted agent, you can ask about the benefits of these policies and get all your important questions answered. Our team can help you make great decisions about your future insurance needs.

Reach out to us today at The Ryan Insurance Agency, and let’s talk about umbrella insurance options for your lifestyle and goals. If you’re in or around the Clarkston, MI area, we’re here to help you get the coverage that best fits your needs. You don’t have to settle for less than that or worry about whether you’re fully covered in the event of a claim. Instead, you can work with us to create a level of coverage that will provide you with important security, so you can get back to living your life.

How much life insurance is enough

It would be great if anything in life prepared you for discussing life insurance. Your parents aren’t going to pull you aside and have a talk with you about life insurance. You won’t take a class in college called Life Insurance 101. When it comes to deciding how much life insurance is enough, you will have to rely on your independent insurance agent. At The Ryan Insurance Agency in Clarkston, MI, we have an experienced team here to help you find the insurance you need. 

If you are young and unattached, your need for life insurance is minimal. This is ironic since this is the best time to invest in insurance since rates are the lowest they will ever be. You may have some life insurance provided by your employer, and taking a good look at it is a good thing to do. Is it enough to take care of any debt that you have and your final expenses? If it is, you may not need additional life insurance at this time. 

When you get married, your need for life insurance changes, and when you have children, it changes even more. You need to provide for your spouse and children so that they don’t have to change their lifestyle because you are no longer with them. How much insurance that requires depends a lot on how much you earn, whether your spouse works, how many children you have, and how young they are. It is safe to say that you need between 7 and 10 years of your annual income. If you want to provide for their college education, that is an additional amount. 

Life insurance needs are very personal and can be customized to fit your life. At The Ryan Insurance Agency in Clarkston, MI, we will work with you to develop the correct amount of life insurance to provide for your family. 

How can I pick an auto insurance policy in Michigan?

When you are in the Clarkston, MI area, owning a car will be a necessity in a lot of situations. As you are looking for a car, you should also spend time thinking about your insurance needs. Several tips should be followed to help you pick an auto insurance policy that is ideal for your situation.

Consider Requirements

One tip to follow when choosing an auto insurance policy is to consider your personal specific insurance requirements. Anyone that wants to drive a car in this state will be required by law to carry liability insurance. Additionally, if you have taken out an auto loan, you likely will be required to carry a full policy with collision and comprehensive coverage. At a minimum, you should choose a policy that ensures you meet your various requirements.

Protection Needs

You also need to consider your personal protection needs. If you have invested a lot in your car and cannot afford to replace it out of pocket, having a full insurance policy is a necessity even if you do not have a car loan. All people should spend time carefully considering their personal needs and then should choose a policy accordingly. 

When you are looking to purchase a new auto insurance policy in the Clarkston, MI area, it is important that you get the guidance you need to choose a quality policy. One company that can help people all over this area of Michigan choose the right insurance policy is The Ryan Insurance Agency. When you do call The Ryan Insurance Agency, you can learn far more about your different options. This will ensure that you remain properly covered and protected by an auto policy that is right for you. 

How can I pick an auto insurance policy in Michigan?

When you are in the Clarkston, MI area, owning a car will be a necessity in a lot of situations. As you are looking for a car, you should also spend time thinking about your insurance needs. Several tips should be followed to help you pick an auto insurance policy that is ideal for your situation.

Consider Requirements

One tip to follow when choosing an auto insurance policy is to consider your personal specific insurance requirements. Anyone that wants to drive a car in this state will be required by law to carry liability insurance. Additionally, if you have taken out an auto loan, you likely will be required to carry a full policy with collision and comprehensive coverage. At a minimum, you should choose a policy that ensures you meet your various requirements.

Protection Needs

You also need to consider your personal protection needs. If you have invested a lot in your car and cannot afford to replace it out of pocket, having a full insurance policy is a necessity even if you do not have a car loan. All people should spend time carefully considering their personal needs and then should choose a policy accordingly. 

When you are looking to purchase a new auto insurance policy in the Clarkston, MI area, it is important that you get the guidance you need to choose a quality policy. One company that can help people all over this area of Michigan choose the right insurance policy is The Ryan Insurance Agency. When you do call The Ryan Insurance Agency, you can learn far more about your different options. This will ensure that you remain properly covered and protected by an auto policy that is right for you. 

What is included with my commercial insurance policy?

Those that have a dream of owning their own business should consider starting one in Clarkston, MI. This area of Michigan provides great support to individuals looking to grow and expand a small business. When you do own a business, you need to protect it as well as you can. One of the best ways to do this is by getting commercial insurance as it includes several forms of insurance coverage.

Insurance Provides Protection for Liability

One way that you will be protected by commercial insurance is by getting coverage for liability risk. When you are a business owner, you will consistently be taking on liability risk. If you are ever sued for liability and have to pay for damages, the impact could be significant. Fortunately, with commercial insurance, you can receive protection to give you support if you are sued for liability.

Insurance Covers Investment and Assets

A small business owner is also going to invest a lot in their business. Part of this investment will include buying assets that are necessary to build and grow their company. To ensure that these assets are covered, you will want to get commercial insurance. If you do get a commercial insurance policy, the protection will ensure that your assets are covered if there is a fire, theft, or other situation that results in a loss for you.

Ultimately, having a commercial insurance policy in the Clarkston, MI area can keep you and your company solvent. Due to its importance, you should speak with the team at The Ryan Insurance Agency to discuss your needs. If you do call The Ryan Insurance Agency, you will get more guidance to protect your company properly.

What isn’t covered by home insurance

Most people buy home insurance with the expectation that it will be there to protect them no matter what bad things happen. Unfortunately, that isn’t always the case. Every bad thing that happens isn’t covered by home insurance. Home insurance policies have items called exclusions, and these are the things that aren’t covered by your home insurance.

With over 13 years of experience, The Ryan Insurance Agency in Clarkston, MI is locally owned and operated. As an independent agency, we do all the work for you to get the coverage you need at a competitive rate. 

Flooding

Floods are one of the most common and damaging natural occurring events. Almost no home insurance policies cover flooding. It only takes a few inches of surface water to cause catastrophic damage to the structure and contents of your home. 

Moving Earth

Heavy rains can cause mudslides, and earthquakes are common in certain parts of the country, and sinkholes are a phenomenon that has spread to many areas. None of these types of moving earth are covered in a typical home insurance policy. 

Negligence

This is a hard one because it can include things like termites and mold. You are required to maintain your home, and if you don’t take care of something like a roof that needs to be replaced and it causes damage to your home, your insurance is not going to pay for the resulting damage. With termites, if you live in an area where they are common, you should be getting your home treated. 

Don’t worry too much about the things that are not covered by your home insurance. In most cases, you can add a rider to get the coverage that you want. The Ryan Insurance Agency in Clarkston, MI is ready to sit down with you to discuss your home insurance coverage. Give us a call or stop by our office for a no-obligation quote. 

Choosing Motorcycle insurance Options

Michigan is a beautiful place to ride your motorcycle. Michigan law requires you to have motorcycle insurance. At The Ryan Insurance Agency in Clarkston, MI, we offer several motorcycle policy options to keep you safe and in compliance. 

Motorcycle Liability

Liability insurance is required for all motorcycles in Michigan. Liability insurance will cover accident damages if you are at fault in an accident. There will be separate limits for bodily injury and property damage. It also covers injuries to your passenger if the accident is your fault. 

Collision and Comprehensive Coverage

Collision coverage will cover the damage to your bike if you are at fault in an accident, including collisions with another vehicle or object. This includes either repair to the bike or the replacement cost. New motorcycles may qualify for total replacement coverage, which reimburses you for the amount you paid for the bike. 

Comprehensive coverage covers non-driving-related damage. This includes theft, vandalism, and storm damage. Comprehensive coverage does not cover damages arising from normal wear and tear or lack of maintenance. 

Specialty Options

Specialty options allow you to add different coverage options to your policy. Accessory or custom part coverage is a popular choice. Many owners spend a significant amount of money on custom parts that aren’t typically covered under a standard policy. This covers custom accessories or parts, including tailpipes, custom paint, and saddlebags. Safety equipment, including leather jackets and helmets, may also be covered. 

Trip interruption insurance is another option to consider if you enjoy road trips. If your bike breaks down more than 100 miles from home, trip interruption insurance can pay for food and shelter costs while you are stuck on the road. 

If you need motorcycle insurance in Clarkston, MI, contact us at the Ryan Insurance Agency. We can provide the right type of insurance to meet your motorcycle insurance needs so that you can enjoy your bike.