Renters insurance in Illinois

37% of residents in Illinois rent their homes, amongst which students make up for the highest percentage. Only 44% of these renters have renters insurance. While the law does protect the residents from certain issues with the landlord, mostly are living without any protection in case a lawsuit or accident occurs. For example, the landlord could easily sue the tenant on a fire that damaged the apartment or house. One liability case is all the takes to wipe out everything you have own. The state of Illinois, just like most states, requires you to have renters insurance. The policy that your rented property owner has will not cover you for most situations. You need renters insurance to secure your assets, your family and yourself.

One reason renters don’t have renters insurance is because of lack of understanding of why renters insurance is important and because of the fear that renters insurance is going to be very expensive. Most people do not even seek a quote on the renter’s insurance and just assume it will be outside their budget. The cost of renters insurance is lower because the risk is lower for example renters typically do not have a yard or swimming pool that could potentially injure someone. Renters insurance covers personal property from fire, theft, vandalism, etc. There is liability coverage in case there is any bodily injury or property damage to someone else at your premises.

It can get a bit complicated and you should definably seek expert advice. One such insurance expert is George Ryan Jr. Insurance Group Inc. serving Bourbonnais, IL. They can guide you to how best to avoid common pitfalls in renter’s insurance and guide you to a suitable policy for your rented property. The contact information for George Ryan Jr. Insurance Group Inc. serving Bourbonnais, IL is available on the website.

What You Should Know about Choosing a Life Insurance Beneficiary

Once you’ve committed to buying life insurance from George Ryan Jr. insurance Group Inc. in Bourbonnais, IL, the next step is selecting a beneficiary. Choosing a beneficiary is an important aspect of the life insurance process as this individual will receive the proceeds from your policy. Here are some important facts you should know about choosing a life insurance beneficiary.

One or More

You can choose one or more beneficiaries for your life policy and you can divide the benefits equally or choose specific amounts or percentages for each.

Individual/Charity

Your beneficiary can be an individual such as a family member, friend or colleague, or it can be an organization/charity. By selecting a local charity, you have a chance to give back to your community after your demise. You can also designate that life benefits to be put into trust for your minor children.

Backup Beneficiary

Your primary beneficiary is your first choice for receiving life benefits when you’re gone. If this individual passes on before you or doesn’t want the benefits for some reason, you should designate a backup beneficiary for receiving these funds.

Purpose of Life Policy  

Consider the purpose of your life policy when choosing a beneficiary. If you want financial security for your spouse and family, they should be your primary beneficiaries. If you want to support aging parents, your parents should be named as beneficiaries. Choose wisely so your benefits can be put to good use and fulfill the purpose of purchasing your policy.

Keep Policy Current

Update your policy as needed to keep your beneficiary current. This ensures your proceeds go exactly where you want them to when you pass on.

To learn more about choosing a life insurance policy, beneficiary or coverage, contact George Ryan Jr. Insurance Group Inc in Bourbonnais, IL.

Is the Life Insurance Policy Through Your Job Adequate?

Many companies offer employees life insurance. A group policy can be an excellent perk, especially if you’re single, young, and healthy. 

That said, your employer-provided life insurance may not adequately cover you and your family. If you live in Bourbonnais, IL, talk to an agent at the George Ryan Jr. Insurance Group Inc to determine whether your employer-provided life insurance is enough coverage for you. 

What Is Employer-Provided Life Insurance?

Employer-provided life insurance is a policy offered to a group of people, like a business, instead of an individual. Your employer may pay all or a portion of your premium.

What Are the Benefits and Downsides to a Group Policy?

There are advantages to employer-provided policies. Your coverage is typically guaranteed, and usually, there is no medical exam. Enrollment into the plan may be automatic.

There are also disadvantages. Your employer owns the policy. Your life insurance coverage may stop if you are fired or quit. Additionally, most employer-provided policies provide a set amount of coverage instead of allowing you to pick a policy coverage that fits your needs.   

Do You Need More Than Your Employer-Provided Life Insurance?

The amount of life insurance you need depends on your current circumstances. If you have dependents or are married, your employer-provided policy may not provide enough security for your family. If you currently have a mortgage or co-signed debts, you may need more coverage to ensure that your loved ones can cover these financial obligations. 

There are many factors involved in determining whether your employer-provided life insurance is the only life insurance policy you need. Contact the George Ryan Jr. Insurance Group Inc of Bourbonnais, IL today to discuss whether additional life insurance will help you and your family.

How To Stay Healthy Over Winter

With the bitter cold of winter approaching quickly, George Ryan Jr. Insurance Group Inc wants to make sure our customers in and around Bourbonnais, IL prepare for the potential health issues this season can bring. With the right preventative measures, you could avoid, or at least lessen the effects of, health complications such as colds, influenza, and hypothermia.

Preventing A Cold

While there is no way to completely stop a cold, there are many steps you can take to lessen your risks. These steps can also lower your recovery time when you do get sick. Wash your hands often with hot water and soap and avoid touching your eyes, nose, and mouth. Support your immune system by eating healthy, nutritious foods and getting regular sleep and exercise. Medicine only relieves symptoms, it does not cure a cold, so only take medication for symptoms you already have. Over-medicating does more damage.

Preventing The Flu

Catching the flu is miserable for anyone, but some people are at higher risk for influenza-related complications. Children, the elderly, and people with compromised immune systems risk hospitalization and potentially death from severe flu. It’s important to do your best to protect yourself and your loved ones. Yearly influenza vaccinations are the strongest way to ward off the flu. Anyone can get shots, but they are especially important for high-risk individuals.

Preventing Hypothermia

Hypothermia can happen quickly or slowly, even in temperatures as high as 60 degrees. Infants and the elderly are the most vulnerable. It’s important to dress warmly in layers with head, face, and hand covers. A person’s body temperature should always be above 95 to avoid hypothermia. 

Having the right health insurance can help you obtain the preventative care you need to stay healthy this winter. Let George Ryan Jr. Insurance Group LLC find the health insurance you need in Bourbonnais, IL today!

Who Should Invest in Commercial Insurance?

Many of us may have heard of commercial insurance, however, what this insurance does and who should invest in it may be unclear. Business owners can greatly benefit from commercial insurance. 

What Is Commercial Insurance?

Commercial insurance is designed to protect business owners and their assets. This type of od insurance generally falls into two categories and can cover two different areas. This insurance is designed to protect other people’s property and damage as well as their own. For example, commercial insurance would include your property and office premises as well as liability insurance to cover the medical costs of others. 

What Does Commercial Insurance Cover?

Commercial liability insurance pays for court costs, settlement costs, and medical damages if you’re sued by a third party. A commercial general commercial liability insurance policy covers your business and liability for other people who may be adversely affected by your business. The George Ryan Jr. Insurance Group Inc of Bourbonnais, IL can go over all the ways that commercial insurance can benefit your business.

How Does Commercial Insurance Benefit Your Business?

Commercial insurance can create peace of mind for any business owner, even if nothing has happened to threaten a business owner’s assets. Similar to car insurance, even if you never have a car accident, it’s still a good idea to have commercial insurance for several reasons. Commercial liability insurance will pay for any court fees you may incur if something happens and your business is being held as liable. It will also cover settlement costs as well as medical damages. For example, if someone is physically hurt at your store or place of business, or hurt by your product, commercial insurance would cover the cost of damages owed to a third party. This includes copyright infringement, for example. The George Ryan Jr. Insurance Group Inc can explain all the benefits and advantages that protecting your business with commercial insurance can have. 

No one can predict the future. Take beneficial steps toward protecting your business by contacting George Ryan Jr. Insurance Group Inc of Bourbonnais, IL. An agent would be happy to discuss all the different ways that this insurance can help you and your business. Give us a call. 

 

 

How Recreation Insurance Protects You and Your RV

RVs represent good fun on the open road but they are significant investments that need to be protected.  You are required to carry insurance on your RV when you drive, just like a car.  The difference from auto insurance is that while an RV is a vehicle, it is also a residence.  The team at George Ryan Jr. Insurance Group Inc works with RV owners throughout the Bourbonnais, IL area to get them the best coverage available.  They want you to enjoy your RV and time spent exploring.  Not worrying about it or your family in case an accident occurs. 

While you can go with minimum liability insurance as required by law, this is not the best financial protection.  Your agent will discuss with you the insurance options that are available.  A comprehensive policy that also covers acts of theft or vandalism probably will make more sense.  These policies will also cover fire, weather damage and extraordinary events like damage from an animal or falling objects.  A good policy gives you peace of mind. 

Your agent can access how you use your RV and make the best recommendations on coverage.  Considerations for any policy should include the coverage for your personal possessions in the RV and any equipment such as satellite dishes or awnings.  You’ll also want coverage that protects from uninsured or underinsured motorists.  Also, if you only use the RV once or twice a year, there may be discounts available. 

That is why it is important to talk with your agent at George Ryan Jr. Insurance Group Inc. In the Bourbonnais, IL area, they are the experts.  Visit the website for handy tools then call or come by.  The best time to get insurance is before you head out!

Tips on Choosing the Best Motorcycle for Your Needs

Riding a motorcycle in and around Bourbonnais, IL has a wide range of benefits, including saving gas on transportation. However, before running out to buy a motorcycle, there are a few things you need to take into consideration beforehand. Choosing a motorcycle depends on your level of experience, as well as how often you intend to ride and how much the total cost of owning the motorcycle will be, including insurance. Here are a few tips to ensure you choose the best motorcycle for your needs.

How Often Do You Intend to Ride?

Before choosing a motorcycle, it is important to keep in mind that there are motorcycles designed for specific uses. For instance, if you will only be riding on trails, you cannot use a street legal bike on the trails, it must be a motorcycle designed specifically for “rough” riding. It’s also important to take into consideration how long you have been riding, will you be riding in heavy traffic or will you only be riding on the weekends?  The most important thing to do is try the motorcycle out before you buy it. Make sure you fit comfortably on the bike and that the weight of it isn’t more than you can handle.

Buying new or used?

Although most people would prefer to buy a brand-new motorcycle, it’s important to understand that a new motorcycle is expensive; they can cost as much as, if not more than a new car. So, if you are only planning to ride occasionally or if you will use the motorcycle for occasional transportation, you may want to consider buying a used motorcycle. In many situations, a used bike has very few miles and is in great condition for much less money. Another benefit of buying used is that your insurance premiums may be less expensive that it would be to insure a new bike.

When considering your budget for a motorcycle, along with the including the actual cost of the bike into your budget, you will also need to budget for the total cost of owning a motorcycle. For instance, you will need to include maintenance and fuel as well as the cost of your insurance premium. Be sure to talk with your insurance agent about how often you plan to ride and the miles you intend to ride on a regular basis.

Residents of Bourbonnais, IL who are interested in learning more information about motorcycle insurance should contact, George Ryan Jr. Insurance Group Inc.

 

Who Needs to Get Flood Insurance?

Every storm season, people wonder if they should have gotten flood insurance. They see the devastation others have suffered and do not wish to go through the same thing. In Bourbonnais, IL, the George Ryan Jr. Insurance Group Inc can offer you some friendly advice regarding floods and who should have flood insurance.

What is a Flood?

According to National Geographic, a flood can happen anywhere water overwhelms a naturally dry area. Although some flooding you can prepare for when you hear broadcasts of excessive rain during a thunderstorm or a hurricane, there are other times you will not be able to prepare beforehand. In certain cases, flash floods can be more dangerous than a regular flood.

Who Needs Flood Insurance?

Even though you may not live in a floodplain, you should consider purchasing flood insurance. If your community participates in the National Flood Insurance Program (NFIP), you can contact your local independent insurance representative to gain coverage. Whether you are renting or you own your own home, you can get a policy.

Why Do You Need Flood Insurance?

Floods are one of the most dangerous and destructive natural disasters. It can leave thousands of dollars worth of damages throughout your home and yard. Neither renters nor homeowners insurance typically covers flood damage.

Floods can Cause Lots of Damages

Flood damage can result in your baseboards and walls developing mold. You’d have to remove and replace the carpet or wood flooring. The electrical work may need to be rewired. Your appliances could be damaged as well and need to be repaired or replaced.

Contact the George Ryan Jr. Insurance Group Inc in Bourbonnais, IL to get information concerning flood insurance for your home.

 

What Happens If You Cannot Live in a Condo While it is Repaired?

If you own a condominium and it is the only place where you can stay, what happens if it gets seriously damaged and repairs need to be made? The experts at George Ryan Jr. Insurance Group Inc serving Bourbonnais, IL, and the nearby communities, have dealt with this many times.

Neighbor’s Simple Mistake Causes a Nightmare

In a condominium building, your neighbors are as close as the walls and floors that separate you from them. Noisy neighbors may be annoying but that is not a danger.

Imagine if your neighbor put something on the stove and then forgets about it. It causes a fire that burns through their place and causes severe damage to your condo. Nobody is hurt; however, your condo is wrecked. You have replacement-cost insurance coverage that is adequate to cover the claim and to make the repairs. That was a smart move.

You quickly choose a qualified contractor to do the work. Everything is OK so far because you are staying in a nearby hotel. Then, the contractors tell you the local building permit department is back-logged and it will take six weeks to get a building permit approved for your repair job! That’s six weeks before the work can start.

You do a quick calculation of the cost of staying in the hotel for six+ weeks. There is no way you can afford it. You are overwhelmed and do not know what to do.

Living Expenses Coverage

The causes of this problem may differ; however, this nightmare scenario is very common. Many people insure the obvious things, yet forget about the expenses that arise when an unexpected calamity happens. Fortunately, it is possible to cover this risk.

Call 815-936-0075 to speak with your agent at George Ryan Jr. Insurance Group Inc in Bourbonnais, IL. Find out if your condo insurance has a provision for living expenses incurred while repairs are made for a covered disaster. This is the kind of fine-tuning of insurance coverage that is a good idea and comes in handy if you need it.

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.