Finding Landlord Insurance Options in Earthquake Areas

Although Bourbonnais, IL isn’t in a major earthquake zone, these incidents may still happen in this area from time to time. Therefore, we at George Ryan Jr. Insurance Group Inc suggest seriously considering the benefits of high-quality earthquake insurance as a landlord.

Landlords May Need to Buy Insurance in Earthquake Zones

Areas in earthquake zones typically require landlords to purchase insurance policies to protect their investment. These specific sectors are defined by state and federal officials and provide landlords and insurance companies with a better understanding of the risk of this danger.

However, other states allow landlords to choose whether or not they want to buy insurance, even in earthquake zones. Generally speaking, a policy is a good choice because of how devastating and earthquake can be to a home or apartment complex.

How Earthquake Coverage Helps

Adding earthquake coverage to an insurance policy will help protect you in three major ways. First of all, it will protect a rental home from serious damage that occurs during an earthquake. Secondly, it will protect personal property – such as vehicles and more – during these destructive incidents. This coverage does NOT extend to renters, who need to pay for their own policies.

Third, and perhaps most importantly, these policies also help to cover additional living expenses. Typically, these expenses fall under the heading of resettlement expenses and repairs on a home. Make sure to get a home valued properly when setting limits on what these policies cover.

Let Us Help You Find a Policy

So if you live in Bourbonnais, IL and are worried about earthquakes affecting the area, please don’t hesitate to contact us at George Ryan Jr. Insurance Group Inc to learn more. Our experts will take the proper steps to ensure that your rental home is properly covered by this danger.

Renters insurance terminology

When it comes to renters insurance, it is good to know the meaning of some terms you will hear when buying a policy. Replacement cost and actual cash value are two big ones, and there is the idea of agreed to value.  The George Ryan Jr. Insurance Group Inc in Bourbonnais, IL wants you to understand the differences and can help you find the insurance you need.

Actual cash value is what an item is worth today. Replacement cost is what it would cost to replace the item, meaning a new one. An $800 couch, for instance, would be worth much less if it was three years old. If you have a loss, you would have to get a new couch and the actual cash value would leave you having to pay the difference. For some items, like antiques, you may have an agreed to value in your policy, which is something you agree on when you get the policy.

You need to have receipts and lists of your possessions that would have some value. Renters insurance covers those items, but if you cannot prove you had them, you may not get as much from a claim. Sometimes insurance companies give you a set amount, or a portion, and the rest after you make the purchases to replace what was lost. Often you have to prove you replaced the item to get the final payment, but there are policies that do not have that requirement.

Contact the George Ryan Jr. Insurance Group Inc in Bourbonnais, IL to find the best renters policy for your situation. You may visit in person, or call, or find us online and use our website tool to get information about costs. Existing customers should also contact us when their situation changes to update their policy.

 

The Importance of Increasing Your Life Insurance as Your Family Grows

Starting one’s own family is a rite of passage that creates a lot of love and joy in your life! As your family grows, it is important to remember to increase your life insurance coverage accordingly. If you are in the Bourbonnais, IL area and have not updated your life insurance policy as your family has grown, the team at George Ryan Jr. Insurance Group Inc is here to help. With the right level of life insurance, you can rest assured that your family’s financial needs will be taken care of in the event of your unexpected death.

Important Coverage for the Important People in Your Life

Life with young children can bet pretty hectic, and it is easy for a lot of advance planning to fall by the wayside. If you are the sole breadwinner for your spouse and children it is imperative that you plan for their future in the event of your unexpected death. With the appropriate level of life insurance coverage, your death benefit can ensure that they are able to remain in the family home and your children will be able to pursue their educational and career goals. 

When you have additional children it makes sense to increase your coverage limits because of the added expense that will be incurred by your surviving spouse. We all know that raising children in today’s modern environment is financially challenging, and will be even more so on the earnings of just one spouse. Proper coverage is an effective way to take care of all of your family’s needs.

Ready to begin planning for your family’s future security? If you are in the greater Bourbonnais IL area contact the George Ryan Jr. Insurance Group Inc today to set up a consultation. 

What is the New Federal Healthcare Policy for 2019?

Anyone who uses the healthcare exchange or needs to in 2019 is probably wondering what’s changed in federal healthcare policy. You can consult your George Ryan Jr. Insurance Group Inc in Bourbonnais, IL to walk you through the changes that have passed and what’s still coming. In the meantime, here’s what’s going on.

The Affordable Care Act in 2019

The Affordable Healthcare Act (ACA) had open enrollment for the 2019 calendar year, and this means the ACA will still be around at least that long. Just because the open enrollment period has ended doesn’t mean you can’t receive coverage. If you experience major changes in your life, you might still be able to enroll after the turn of the year.

The agents at George Ryan Jr. Insurance Group Inc in Bourbonnais, IL are ready to walk you through the changes and what’s available to you. 

2019 Health Insurance Exemptions

The individual mandate is no longer in effect as of January 1st, so Americans who health insurance no longer have to pay a penalty on their taxes. The new rules include exemptions for residents in foreign countries with no insurance available.

No penalty will apply to those with no health insurance in 2019.

Verification of Premium Tax Credits

The new rule improves the Advanced Premium Tax Credits, or (APTC) program to verify the income for those applying for the tax break. The new rule improves the Advanced Premium Tax Credits, or (APTC) program to verify the income for those applying for the tax break.

Consumers seeking a stable insurer unaffected by the Obamacare or Trumpcare policies may need to go with a private insurer until the dust settles on the healthcare debate.

Contact the George Ryan Jr. Insurance Group Inc in Bourbonnais, IL, for more information on your 2019 healthcare options.

 

 

The Benefits of Commercial Insurance

Running a successful business is difficult. There are so many risks to deal with and if you are not adequately prepared, you’ll end up with a failed business. Someone could get injured on the site, a natural disaster can occur and ruin things, or a client can decide to file a lawsuit. The occurrence of any of these risks can lead to financial devastation and ultimately make your business go under. But with commercial insurance, you don’t have to worry about any of that.

Commercial insurance helps you protect your business from some of these risks which significantly reduces the number of worries you have to carry. As a business owner, you don’t have a choice when it comes to some types of commercial insurance such as unemployment and disability coverage, workers comp, etc. It all depends on the laws of the state where your business is based. If your business operates in Bourbonnais, IL, George Ryan Jr. Insurance Group Inc can help you get commercial insurance and enjoy all the benefits that come with it.

You Can’t See the Future

Commercial insurance protects your business against unforeseen events. If you don’t have a crystal ball hidden somewhere in the office, you’d better get commercial insurance to protect your business against unprecedented events. That’s one of the major benefits of this type of insurance. Commercial insurance doesn’t just protect your business from unfortunate events and natural disasters, it also helps you attract and retain employees.

With a comprehensive commercial insurance from George Ryan Jr. Insurance Group Inc. in Bourbonnais, IL, you will not only be able to protect your business from the doom and gloom but also offer perks such as life and health insurance. You will be able to protect your employees and keep your business running at all times. Contact us via a call for more information about commercial insurance in Illinois.

 

 

How Much Healthcare Deductible Can You Afford?

There are a lot of ways that you can lower your healthcare deductible these days but before you do too much, you want to make sure that you do not leave yourself in a position where you cannot afford to use your insurance. One of the ways that people lower their insurance premiums in Bourbonnais, IL is by increasing their healthcare deductible. However, here at George Ryan Jr. Insurance Group Inc we want to make sure that you can afford the deductible that you choose. 

In order to determine how much of a healthcare deductible you can afford, you need to take a good look at your finances. If you have a good amount in savings that you can pull from if needed, then you may want to start with that number. If you do not have any savings, the next thing you want to look at is how much income you are bringing in. You do not want to get a deductible that you cannot afford to pay with your savings or with your regular income. If you choose one that is higher than you can pay with your savings or income, you may run into an issue of not being able to use your insurance at all. This is the last thing that you want because insurance is not useful if you cannot use it. 

If you are still not sure how much you can afford, be sure to reach out to us here at George Ryan Jr. Insurance Group Inc, serving Bourbonnais, IL. We can help you determine how much you can afford and then help you find the right healthcare plan that takes this into account but is still in your budget. Contact us today to get started finding your plan.

Being in Shape Results in Lower Life Insurance Premiums

It’s a relatively well-known fact that age is a factor in the cost of a life insurance policy. The older you get, the more likely you are to deal with age-related illnesses that could potentially shorten your lifespan. Age won’t necessarily keep you from getting a policy, but it will cost you more in monthly premiums. But if you’re in good physical shape for your age, you increase the potential for lower premiums because you’re considered a good risk by the insurer. Talk to an agent at the George Ryan Jr. Insurance Group Inc in Bourbonnais, IL about the potential for saving money while getting a life insurance policy at a price you can afford.

Why Your Physical Condition Affects Life Insurance Premiums

Exercise and maintaining a reasonable weight directly translates into a healthy body. Body filtering systems work without strain, the risk of insulin resistance is low, and cholesterol levels are far more likely to be optimal. When all of these conditions are present, the body functions well and the potential for a catastrophic illness like cardiovascular disease or diabetes to occur are very low. All of this translates into a strong potential for longevity and decreased the risk of early death due to disease. Life insurance companies reward individuals like this by offering policies with lower premiums.

Working With an Insurance Agent to Find the Best Policy

If you’re healthy with the medical information to back it up. you’re halfway there to getting a great life insurance policy with a lower premium. The best way to get the premium is to work with an agent from the George Ryan Jr. Insurance Group Inc in Bourbonnais, IL. Your agent can take your information to the insurers and negotiate a policy that fits your needs and has the lowest premium available.

Does Home Insurance Cover Rental Expenses If The Homeowner Is Displaced?

Having a loss as a result of a covered event can be a traumatic experience. In some cases, you may be displaced from your home temporarily while work is done to repair or replace the damaged areas. If you are unable to live in your home, you may wonder if your homeowner’s insurance will cover your living expenses while the work is being done.

Renting While Waiting

If you experience damage to your home as a result of an accident, you will likely be able to rent a place to live, courtesy of your insurance policy, until repairs can be completed. This is a great feature of most homeowner’s insurance policies and gives the policyholder peace of mind knowing they won’t be without adequate shelter. Check with your insurance provider before making a purchase so you know you are protected.

Getting The Coverage You Need

Selecting coverage that can protect your home and family completely is the goal. Before you make a decision on an insurance provider, ask plenty of questions and don’t overlook any information that is confusing or ambiguous. Always understand what type and how much coverage you are buying. A top company serving the residents of the Bourbonnais, IL area is George Ryan Jr. Insurance Group Inc. They can help you understand the complexities of homeowner’s insurance and outline the terms and conditions of coverage.

Get the protection you need to feel secure about your home. If you live in or around the Bourbonnais, IL area, George Ryan Jr. Insurance Group Inc invites you to call or stop by to get more information about their quality insurance products.

Does Your Commercial Insurance Plan Cover It All?

When starting your own Bourbonnais, IL business, you might know that you need extra liability insurance, but what other commercial insurance might you need from George Ryan Jr. Insurance Group Inc to protect your investors and investment?

Recover from Fire and Catastrophic Loss

Commercial property insurance helps you rebuild your factory or offices after a disaster, whether that be fire or extreme weather. Your insurance agent can help you protect factory equipment, valuable prototypes, digital files, and other items you need to keep your business operational. Your agent should also help you keep up with rapidly changing property values in hot markets so that you are able to rebuild in your neighborhood. If you built in a low-lying area, you may also need flood insurance.

Protect Your Employees

As soon as you have hired staff, you will need to invest in workers compensation insurance. It helps to cover medical bills and living expenses when somebody gets hurt on the job, whether they work in data entry or factory assembly.  A quality policy will also get your employee back on the job sooner, helping you control payroll expenses for temporary assistance.

Extend Coverage for Delivery Services

Once you add a delivery or commuter van to your growing business, you will need to purchase commercial auto insurance.  It expands your liability coverage to the company operated vehicle while protecting your drivers.  Any accidents that occur in the company car are covered by your insurance, not your employee’s. Add options for protecting your cargo to ensure that your orders arrive at your customer’s location on time and intact.

Every business is different.  Only your commercial insurance agent from George Ryan Jr. Insurance Group Inc can help you ensure that your entire Bourbonnais, IL company is protected from unexpected loss.

Four types of supplemental insurance plans.

Supplemental insurance is an additional insurance that a policyholder can purchase to help them pay for services and other out of pocket expenses that an ordinary insurance does not cover.

At George Ryan Jr. Insurance Group Inc. in Bourbonnais, IL, we offer four different types of supplemental insurance plans which include:

  • Accident and sickness insurance

Combined accident and sickness cover, offers an added advantage for emergency room care, surgery, and hospitalization. This is beneficial since it enables you to fill minor gaps which are not included in your main medical insurance cover.

  • Disability insurance

Supplemental disability insurance offers great service in case you are totally disabled and not able to work. It also caters for financial assistance in case the offer was set with a monthly advantage providing a combined insurance income protection to self and family if you become sick or injured and not able to work.

  • Critical illness insurance

When a serious illness strikes you or your family, supplemental insurance chips in for some costs and expenses linked to recovery. At George Ryan Jr. Insurance Group Inc. our critical care protector and cancer care offers two ways combined insurance pan to safeguard you and family on demand.

  • Life Insurance

Supplemental life insurance comes in as a combined insurance family life protection providing cash which grants your family good care when you are absent. Usually, it’s clearly written and simple to comprehend which guarantees you the benefit for you and your family.

At George Ryan Jr. Insurance Group Inc. in Bourbonnais, IL, we will provide you with all the available supplemental insurance options and offer assistance in making the right choices for you and your family to cover any expense that your original medical insurance coverage may not cover which is valuable in picking up the remaining costs.