The maximum age that one may purchase life insurance depends on the policy of the insurance companies. The typical supported age is 85, but it is not unheard of for businesses to support ages up to 90. Some plans may be 10-year insurance plans, and some companies may allow whole or universal plans. Some companies may offer the benefit of allowing payment-free life insurance if you survive beyond the age of 100. If you are an elderly individual in Raleigh, NC, you may want to consult with Watchmen Insurance Group to see if there is a plan that is just right for you.
Why Would The Elderly Want Life Insurance?
Some people may wonder why those who are in the 65+ age range need life insurance policies. First of all, you need to consider that there may still be people dependent on them like adult children or their spouses. When they pass away, the funds used for a life insurance policy may be used to cover funeral costs, estate sale fees, and other unexpected expenses. Paying off debts that are leftover after death may be paid using the funds that are distributed from their life insurance policy.
Even if you are getting older, consider the legacy that you want to leave behind and the obligations that your family member may have. It is not too late for most people to sign up for a decent life insurance policy; so start shopping around for suitable plans. You can consult with Watchmen Insurance Group in the Raleigh, NC area to see if there are affordable plans for your situation. Our agents are ready to answer your questions.
If you are a Raleigh, NC resident who was recently in an auto accident where you were at fault, you probably have lots of questions. Most importantly, you’re likely wondering how your auto insurance policy can help you out if you caused the accident in whole or in part. Here’s what you should know:
How Your Insurance Helps You if You Were At Fault in an Accident
First of all, it’s important to know that it’s crucial to have an insurance policy that protects you as well as the other party in an accident. Most of the time, laws will require that you have at least some liability coverage in your auto insurance plan. This means that if you cause an accident, your liability coverage should take care of a substantial amount of the medical costs and repairs.
You should always look at your plan and speak to your agent to be sure, but this type of liability coverage will typically include the following:
- Property damage
- Bodily injury
- Underinsured or uninsured motorist protection (in some cases)
For future reference, if you want to be sure that you are completely covered in an accident that you were at fault for, you should have the following types of insurance:
- Medical payments coverage that will pay for you and your passengers’ medical bills
- Collision coverage that will pay for the replacement or repairs to your car after an accident
Contact Watchmen Insurance Group for More Information
Are you looking for more information on an auto insurance policy? The Watchmen Insurance Group is proud to serve the residents of Raleigh, NC, and one of our agents would be delighted to sit down with you to discuss your auto insurance options. We can help you update an already established policy or create a new one for you.
Stop into our nearest insurance agency location, or give us a call at your earliest convenience. We look forward to working with you!
Businesses in Raleigh, NC need to consider what can happen if someone claims their product caused them harm. A business found liable will have to pay all damages that come from such claims. For this reason and more, the Watchmen Insurance Group recommends your business carry product liability insurance.
What is Product Liability Insurance?
Product liability insurance provides coverage for businesses to protect them from financial loss if they’re held liable for damage or injury. You may also find product liability insurance under the term “general liability.” Product liability insurance may cover court and legal fees.
How to Tell if You Need Product Liability Insurance
We recommend product liability insurance for any business that provides products of any kind. There’s the possibility of any type of damage occurring from your product, whether it’s food, software, or equipment.
Consider if someone completely makes up a claim that your product caused them some kind of physical, mental, or emotional harm. You can still find yourself spending a lot of your time and resources in court to battle the claim.
It doesn’t matter if you have a small home business or a far larger one. Although, product liability insurance is especially important for new businesses. Consider that a single lawsuit can completely bankrupt a business, and dig into your personal assets as well in some cases.
Product Liability Insurance is Just One Part of the Whole
Depending on the specific nature of your business, and how you carry out operations, you will need to consider a full commercial insurance package. These plans cover various aspects of a business and typically include product liability as well.
All Raleigh, NC businesses should carry proper insurance to protect their interests. Contact or visit the Watchmen Insurance Group to discuss adding a tailored commercial insurance policy to your business.
Homeowners all over Raleigh, NC are trying hard to live on a budget, so it makes sense that home insurance may not be at the top of the list of necessary expenses. If you’ve been considering going without coverage, think again. Home insurance isn’t the impractical cost you might believe it is. In fact, it can be much more expensive to go without coverage than it is to get and keep a solid policy.
You’ll be protected from liability claims.
Many homeowners don’t realize that they could be legitimately sued after an accident in their home or on their property — even if the accident was not their fault at all. Liability insurance protects against someone suing you because they slipped on a patch of new ice on your sidewalk that you simply haven’t gotten to scraping up yet. If you don’t have liability insurance, you could lose thousands of dollars with a claim like this.
You’ll be protected from catastrophic loss.
A catastrophic loss is a widespread decimation of your home and property from an event such as a fire, hurricane, or flood. In these situations, even if you have a simple, low-cost monthly policy, you’ll end up saving hundreds of thousands of dollars because of your coverage.
You’ll have better options for future insurability.
Insurance companies want to see that you’ve maintained a solid record of regularly maintained insurance. If you stick with a home insurance policy now and keep it consistently, you’ll be better able to seek affordable policies with excellent coverage in the future instead of paying high premiums for less than stellar policies.
To get a home insurance policy started in Raleigh, NC, call Watchmen Insurance Group today or visit our location. One of the highly qualified and experienced agents at Watchmen Insurance Group can help you pick a home insurance plan that meets all your needs. Call today to learn about your options.