Required Auto Insurance in Illinois

When you own a vehicle in Illinois, you are required to have auto insurance. You are also required to have proof of that insurance and show it when law enforcement asks. If you don’t have auto insurance, it’s time to get it to both stay compliant and protect yourself financially. To get started with a policy, call us at George Ryan Jr. Insurance Group Inc. in Bourbonnais, IL.

Liability Coverage

Your Illinois auto insurance must have different liability coverage types within it. There is an amount that is required for bodily injury liability for one person who is injured in an accident. There is another amount required for everyone who is injured in the accident. Then, there is an amount required for property damage liability. All of these types of coverage are amounts that are paid out to the other party when you are at fault for the accident. They don’t pay for your own injuries or damages from the accident. 

Uninsured and Underinsured Motorist Coverage

The state also mandates two other types of coverage: uninsured motorist bodily injury and underinsured motorist bodily injury. These types pay for the medical bills the party at fault doesn’t pay. When someone else causes an accident, and you or your passengers are injured, this is used for the expenses related to those injuries. It does not pay for the damage done to your vehicle. To get protection for your car, you need to get collision coverage. This type isn’t mandated, but it’s important to have. 

Get Auto Insurance

Call us today at George Ryan Jr. Insurance Group Inc. when you need auto insurance in Bourbonnais, IL. We can answer your questions about auto insurance requirements as well as other types of auto coverage that can protect you. 

What Is Recreational Insurance & Do You Need It?

Illinois is a beautiful place to relax and vacation in the summertime. The agents at George Ryan Jr. Insurance Group, Inc. know that sometimes vacations can go awry when you least expect it. That’s why you need recreational insurance. 

Recreational Insurance Coverage 

There are generally four main types of recreational insurance policies that you can purchase for your property, including: 

  • Motorcycle insurance – coverage for motorcycles and motor tricycles 
  • ATV insurance – coverage for four-wheelers, dirt bikes, and other all-terrain vehicles 
  • RV insurance – coverage for fifth wheels, Class A’s, and other recreational vehicles 
  • Boat insurance – coverage for jet skis, speed boats, pontoon boats, and other watercraft 

Recreational insurance policies generally cover your liability if you’re at fault for an accident in your vehicle or boat, which is required in Illinois. Comprehensive or full coverage can also pay for damage to your property if someone else is at fault for an accident and they don’t have enough insurance to pay for the damages you incurred. 

What Happens If You Don’t Have Recreational Insurance? 

Suppose you don’t have recreational insurance and cause an accident with someone else in your RV, boat, or other vehicle. In that case, you will be financially liable for all the damages the other party incurs. This includes damage to their property, medical costs for injuries, reimbursement for lost wages, or funeral expenses if the accident resulted in someone’s death. 

At George Ryan Jr. Insurance Group, Inc., we can provide Bourbonnais, IL residents with reliable coverage for their recreational property. Our team can help you choose the right policy for your specific needs to protect your vehicles and other property if something goes wrong. Contact us now for a quote.

Is Motorcycle Insurance Required in Illinois?

It is motorcycle season, and the insurance agents at the George Ryan Jr. Insurance Group Inc serving the Bourbonnais, IL area want you to know what motorcycle insurance covers and how important it is to have a policy before you hit the road on your beautiful bike.

Illinois Motorcycle Insurance Requirements

In Illinois, motorcycle insurance is required, and you will have to show proof that you have insurance before you can even register your bike. If you’re caught riding your bike without at least a liability insurance policy, you could face hefty fines and even lose your driver’s license or motorcycle endorsement. A minimum motorcycle liability insurance policy will meet these requirements. It will assist you in paying for the medical bills and property damage of another driver if you are at fault in some accident. It can also help pay for anything associated with a passenger on your bike if you have an accident.

Comprehensive Coverage

A comprehensive motorcycle insurance policy is excellent if your bike is damaged or destroyed by a natural disaster, it catches on fire, or somebody vandalizes it. It can also help you out if somebody steals your motorcycle.

Collision Insurance

A collision insurance policy will help you pay for any damage to your bike if you collide with another vehicle or even a stationary object. A lender may require both collision and comprehensive insurance if you still owe money for the purchase of your beloved motorcycle.

Contact George Ryan Jr.

To start your policy, contact the experienced motorcycle agents at the George Ryan Jr. Insurance Group Inc serving the Bourbonnais, IL area today!

The Impact of Floodplain Maps on Flood Insurance in Bourbonnais, IL

Living in a flood-prone area can be a stressful experience, especially when it comes to protecting your home and belongings. Fortunately, flood insurance can provide some peace of mind. However, the amount of flood insurance you need and your rates can vary based on where you live. In Bourbonnais, IL, flood insurance policies are impacted by floodplain maps, so working with an experienced insurance provider like George Ryan Jr. Insurance Group Inc is crucial to ensure you are adequately covered.

What are Floodplain Maps?

Floodplain maps, also known as Flood Insurance Rate Maps (FIRMs), are used by the Federal Emergency Management Agency (FEMA) to identify areas at high risk of flooding. They are used to determine flood insurance requirements and premiums for homeowners in these high-risk areas. In Bourbonnais, IL, floodplain maps are critical in determining flood insurance rates.

How are Flood Zones Determined?

Flood zones are determined based on factors such as elevation, proximity to water sources, and historical flood data. FEMA uses this information to create maps that divide areas into different zones, ranging from high-risk to low-risk. Bourbonnais, IL has both high-risk and moderate-to-low-risk zones.

How Do Floodplain Maps Impact Flood Insurance Rates?

If your property is in a high-risk flood zone, your flood insurance rates will typically be higher than in a moderate-to-low-risk zone. In addition, mortgage lenders are required by law to require flood insurance for properties in high-risk zones. Even if you live in a moderate-to-low-risk zone, it’s important to consider purchasing flood insurance to protect your home and belongings in case of a flood.

Protect Your Home and Belongings with Flood Insurance

Floodplain maps play a key role in determining your flood insurance rates, and it’s important to work with a trusted insurance provider like George Ryan Jr. Insurance Group Inc. to ensure you have the right coverage in place. Contact us today to learn more about how we can help you protect your home and belongings.

Prepare Your Condo for Spring Storms

Spring is a time of joy, but it also means that the threat of spring storms is looming. As a resident of Bourbonnais, IL, it’s important to prepare your condo for spring storms. George Ryan Jr. Insurance Group Inc. has some tips to get prepared.

Here are some essential tips to help you get ready, to ensure your safety, and to minimize potential damage. 

Spring Storms and Your Condo

First, checking that your condo association regularly cleans your gutters is important. This is because gutters channel water away from your condo’s foundation. However, if they are clogged with debris, such as leaves and branches, the water can’t flow properly, leading to costly water damage. Cleaning your gutters ensures they function correctly during spring storms and rainy seasons.

Secondly, hire a contractor to clean your fireplace to avoid potential hazards. Spring storms can cause power outages and the need for alternative methods to keep warm. If you plan to use your fireplace, ensure it’s cleaned to prevent fire hazards. Chimneys can clog up, and creosote buildup can cause chimney fires, which can cause severe damage to your condo.

Next, sign up for weather text alerts to stay informed about any severe weather alerts in the area. Being informed about the weather is crucial to take the necessary precautions when a storm hits. 

Preparing your condo for spring storms is essential for your safety and protection. Make sure to check your gutters, hire a contractor to clean your fireplace, sign up for weather text alerts, check your emergency kit, and make plans for sheltering safely in place. With these essential tips, you can stay safe and ensure your condo is prepared for spring weather. Contact George Ryan Jr. Insurance Group Inc anytime with questions about your condo insurance in Bourbonnais, IL.

What Is Landlord Insurance and What Are Its Benefits?

As a landlord, you likely carry some home or condo insurance policy on the space you are renting out. Here at George Ryan Jr. Insurance Group Inc, serving the greater Bourbonnais, IL area, landlords often ask us what is landlord insurance, how does it differ from home insurance or condo insurance, and what are its benefits? Read on to get answers to these questions. 

What Is Landlord Insurance? 

Landlord insurance is designed to protect a building or structure that someone owns but does not reside in. In addition, landlord insurance may also help supplement your income if your rental property is damaged or destroyed by a covered event, resulting in the loss of rental income. 

How Does Landlord Insurance Differ From Home Insurance? 

Home insurance and landlord insurance cover many of the same things. The most significant difference is that home insurance is designed for a property you live in and covers your belongings stored in the dwelling. Landlord insurance covers the structure and the money you make from the structure but not the belongings stored inside the property. 

What Are the Benefits of Landlord Insurance? 

If you have a loan on the rental property, you are required to carry landlord insurance by the lender. Ultimately, this type of insurance helps protect the significant investment you have made into a property, helping to protect against damage that can cost you thousands of dollars to repair. 

Landlord insurance, also known as rental dwelling insurance, is a must if you rent out a home you own but do not occupy. If you are in this position, the George Ryan Jr. Insurance Group Inc team, providing insurance in the greater Bourbonnais, IL region, would love to help you find the best insurance policy for your needs. Call us now, and let’s work together to insure your investment or rental properties properly. 

Do I Have to Change My Auto Insurance if I Move to Illinois from Another State?

When you’re making a big move to Bourbonnais, IL, or another area in Illinois, our George Ryan Jr. Insurance Group Inc. team knows how overwhelming and exciting it can be. For responsible car owners, understanding what you need to do to maintain your car insurance coverage after the move is an integral part of moving.

What is auto insurance?

Auto insurance covers liability, medical expenses on behalf of the at-fault party in a car accident, replacing a vehicle in the event of theft, repairs, and much more. Depending on the policy’s specific terms, it may cover more or less than what we’ve listed.

What level of auto insurance does Illinois state law require?

In Illinois, drivers and vehicle owners are required to have liability insurance at a minimum. We recommend getting more coverage rather than less for car owners because it’s always better to be safe than sorry. 

Do I have to change my auto insurance if I move to Illinois from out of state?

The short answer is that it depends. If your coverage does not meet Illinois’s legal requirements, you will need to change policies to match them. No matter what, you should notify your insurance company that you are moving and give them the address along with the moving date. If your insurer does not operate in Illinois, you will need to get new coverage, but it doesn’t have to be a stressful process!

If you are living in Illinois or moving to our state, call George Ryan Jr. Insurance Group Inc in Bourbonnais, IL for more information on our auto insurance coverage.

At What Age Should You Buy Life Insurance in Illinois?

When getting life insurance, you can find the right coverage at any age. However, the younger you get it, the better off you’ll be. For example, if you purchase life insurance between the ages of 20 to 35, you may end up with lower premiums than policyholders getting a later start. The George Ryan Jr. Insurance Group Inc team in Bourbonnais, IL can help you choose the right policy for your situation.

How Life Insurance Benefits Younger Policyholders

For those with families, life insurance can cover living expenses for beneficiaries. This might include a mortgage or other major bills. It can also fund student loans for your children when the time comes. Plus, most policies come with a death benefit to offset the cost of final expenses.

As you age, you can add coverage for additional children and expenses.

Should Those Over 50 Get Life Insurance?

Most nonsmoking people can get life insurance over age 50. If you have major medical concerns, it could affect your eligibility and premiums. After age 60, you might want to consider term life to lock in a premium for the policy’s life. Discuss your needs with your agent to get the proper coverage.

What About Life Insurance Over Age 65?

If you’re planning ahead, this is not the ideal time to purchase life insurance. However, seniors with little debt can look into insurance for final expenses. Ask your insurance professional if there are any policies that do not require a health exam. This is a great way to fulfill your final wishes without burdening your loved ones.

Experienced Life Insurance Agency in Bourbonnais, IL

Contact George Ryan Jr. Insurance Group Inc to learn more about obtaining life insurance in Bourbonnais, IL.

The difference between whole and term life insurance

What is the difference between whole and term life insurance?

Whole life insurance is a type of permanent life insurance that covers your entire lifetime. As long as you pay your premiums, your policy will remain active and guarantee that your loved ones are protected in case of an unexpected death. Unlike other types of life insurance, such as term life insurance, whole life insurance guarantees a certain payout amount once the insured person passes away. This means that whatever amount you select to be paid out – whether it’s $50,000 or $5 million – will be guaranteed to go toward your loved one’s financial needs after you pass away.

On the other hand, term life insurance provides coverage for only a fixed period or a “term.” This means it only covers you for a certain number of years – typically 10, 15, 20, or 30 years. If the person insured under the policy dies during this term, their loved ones will receive a payout according to the policy terms; however, once the term is over, they will no longer be covered by the insurance provider and will need to purchase another policy if they wish to be protected in case of an unexpected death.

While both whole life and term life insurance provide valuable coverage to protect your loved ones financially in case of an unexpected death, which type of life insurance is best depends on your specific needs and situation. For more information, call the George Ryan Jr. Insurance Group Inc today. We proudly serve the Bourbonnais, IL area and would be glad to help you find a policy that is best for your needs and situation.

Health Insurance Saves Money – Don’t Be Without It

Do you have enough money to keep you financially secure if you are in an accident or become seriously ill? Do you live in or around the Bourbonnais, IL area? The professionals at George Ryan Jr. Insurance Group Inc can explain the benefits of health insurance.

Health insurance covers the entire or part of a person’s medical expenses. As with other types of insurance, the risk is shared among many people.

Anyone can become seriously ill or be in a crippling accident at anytime. Age does not matter. Even the young can be susceptible to misfortune. Without the financial protection, a health insurance policy can provide, the result can be devastating.

Did you know that a broken leg can cost as much as $25,000? Without a health insurance policy, the entire cost would be your responsibility. With health insurance, if you have a $1000 deductible, you will pay that, and the insurance will pay the other $24,000. That is why health insurance is vital.

In the event of an unfortunate diagnosis, such as cancer, the cost of treatment over a period of time can really accumulate. If surgery is involved, the cost can be devastating. It can eat up a savings account in no time at all.

A health insurance policy provides many benefits. A yearly preventive care physical is usually covered with no copay or deductible. Lab work, vaccinations, and other tests will be covered as well. There is no better way to ward off illness. Preventive care does just that. It prevents an illness from becoming more severe and allows for early detection and subsequent treatment.

Let the professionals at George Ryan Jr. Insurance Group Inc help you on your way to better health and financial security. Contact our team today.