Understanding Umbrella Insurance And How It Provides Full and Comprehensive Protection

When it comes to insurance vulnerability when it rains it pours. 

No way you can accurately measure exactly how much rain is going to fall when a particular rainstorm hits. Think of that when it comes to your insurance. There is no way to tell what your particular liability may be when a calamity befalls your life. Umbrella insurance is designed to protect you in larger and grander ways then your general auto, home or business insurance policy does.

When the loss liability amount exceeds the amount set forth in a general policy, an umbrella policy is activated and can potentially cover the excessive amounts. Speaking with an insurance agent is the best way to learn more about whether your lifestyle dictates the necessity of an umbrella insurance policy. Nothing is guaranteed and strange things happen all the time. They even make commercials about It. There are certain guidelines that our agents follow to give you an idea of whether you can benefit from umbrella insurance or not. Speaking with an agent is the best procedure because insurance is a very individualized product and there is no way to fully understand an individual situation without speaking about it in detail.

Come In Out Of The Rain

At H2M insurance in Winder, GA we make it our business to understand how umbrella insurance can help you have full and comprehensive protection when the weather gets wet. Stop by the offices of H2M Insurance in Winder, GA 30680.  We assist our clients in the beautiful states of Georgia, South Carolina, Alabama, Florida, Texas, Louisiana, Mississippi, New Mexico, Tennessee, and North Carolina. Call us today at 770-415-1086. We will be more than happy to help you with your auto insurance, life insurance,  and home insurance needs.

Should The Type of Job I Have Affect My Life Insurance Policy?

If you were speaking with one of our knowledgeable agents he or she would answer your question most assuredly – "Yes". You should consider the type of job that you have when you’re considering your life insurance policy. Law-enforcement officers, and the great folks who work for the fire department  generally have extra insurances through their employer sponsored benefit programs. It is because these jobs are typically thought to be more dangerous.  Every job is dangerous potentially when you consider that you usually travel via car to and from your place of employment. Some vocations are more dangerous just because of the sort of work they are. Truck driving for example is dangerous due to the amount of motor vehicle accidents that occur every single day. When you drive for a living typically your livelihood is  more dangerous than when you are employed inside of a structure. Think long and hard about some of the potentially dangerous situations that may occur at your place of employ. The next step is to sit down with an insurance agent to discuss how you may acquire extra life insurance based on the possibilities. 

Though we are located in Winder, GA, you will not be wound around the road or the bend at our agency. At H2M Insurance Group, We boast in providing coverage in a language that you can understand. We will not try to sell you protection where you don’t need it.

H2M Insurance services the following states Georgia, South Carolina, Alabama, Florida, Texas, Louisiana, Mississippi, New Mexico, Tennessee, North Carolina and North Carolina. We are located at 133 West Candler St. Winder GA 30680. Stop in today. In addition to life insurance we also provide auto insurance and home insurance coverage.

When Do You Need to Get Home Insurance?

Technically, you don’t need to purchase home insurance in Winder, GA if you are paying for your house in cash. However, many people need to finance their new home and the lender is going to require that you purchase homeowners insurance before your escrow closes. In many cases, you will be asked to provide proof that you have prepaid for one year’s worth of coverage before the lender will close. Lenders require you to have insurance because it helps protect the property. The property is technically the lenders until you pay off the mortgage.

By paying the home insurance premium at once, this will allow you to exclude the premium from your closing costs. Since closing costs are generally paid in one lump sum, this can make it easier. You can choose to set up an escrow account, in order to avoid paying any big sums all at once for homeownership costs. An escrow account is basically a savings account that is designed to help you pay your mortgage, as well as property taxes and homeowners insurance in installments. Your lender will deal with payments from your escrow account, which can help you with financial management.

Ideally, you should start looking at quotes when you know you are in the process of buying a new home. However, once you have a signed purchase agreement in place, start looking at insurance. You want to have a quote before any contingencies expire, so that you still have time to back out of the purchase if needed. Working with a dedicated agent at H2M Insurance throughout this can make the process much easier. A dedicated agent can help you find the right coverage and make sure you have enough.

Contact H2M Insurance, serving Winder, GA, to get a quote on home insurance. 

 

How to Select a Beneficiary for a Life Insurance Policy

Your beneficiary is the individual or individuals you choose to receive the benefits of your life insurance policy when you die. By choosing wisely, you can continue to support the people who mean most to you after you’re gone. Here are some valuable tips to selecting a beneficiary for your life policy.

Immediate Family

If you’re married, you’ll naturally want to provide for your spouse and children. Life benefits can help replace your income to provide for your immediate family after you’re gone. These funds can be used to pay for a mortgage, car loan, utility bills, basic needs, school needs and more. At H2M Insurance, we can help you select a policy that would be beneficial to your spouse and children. Having life insurance will give you peace of mind that your family will be taken care of financially upon your demise.

Parents/Siblings

As a single, you may want to choose your parents as beneficiaries to support them in retirement. If you have younger siblings, life benefits could help put them through college. You can designate that benefits to be distributed between family members to provide the financial support they need.  

Significant Other/Business Partner

If you’re in a serious relationship, you could leave life benefits to your significant other to help pay for items you’ve purchased together as a couple such as a house, car, furniture, etc. Your business partner in Winder, GA could also be a candidate for the beneficiary. Life benefits can help replace any income you were putting into your business to help keep it going after you’re gone.

You can’t predict the time of your passing. You can, however, prepare to help those you leave behind. A life policy from H2M Insurance in Winder, GA will give your loved ones financial security to carry on long after you’re gone. 

January is the perfect time to review your home insurance policy

If you have had the same home insurance policy since you first purchased your house, it may be time to review your coverage to make sure that it is adequate to your current needs. In fact, the team at H2M Insurance advises its clients in the Winder, GA area to have an annual review of their insurance policies. Now is the perfect time to make sure that your current policies reflect the current needs of you and your family.

3 Signs That It May Be Time To Update Your Homeowners’ Policy

Many people undertake major renovations, such as updating their kitchens and bathrooms, or add a work shed or other structure, without increasing the coverage included in their homeowners’ policy. Don’t find out after it’s too late that your policy no longer meets your coverage needs!

  1. Improvements made to your home including additional structures such as a work shed
  2. Increased value of personal belongings
  3. Updates to your home, such as a kitchen or bathroom renovation

Even if you have not had any of the three changes listed above, reviewing your insurance coverage on a yearly basis is a smart practice to adopt. While your house may be the same, your coverage needs may not. Don’t let an outdated policy cause heartache to you and your family in the event of a catastrophe. An experienced insurance agent can review your policy and discuss your current needs with you to determine that everything is up-to-date. 

Ready for your annual policy review? Call or stop by H2M Insurance today and gain the peace of mind that comes with knowing that you have the coverage you need! We are proud to serve the insurance needs of the Winder, GA community and look forward to working with you.

What Coverage Does Commercial Insurance Provide?

Running a small business is a very big challenge. When you are looking to run your own business, you will want to make sure that it is as protected as possible. One of the best ways to do this today is by getting a quality commercial insurance policy. A good commercial insurance policy will provide you with several different types of coverage to protect you and your business.

Liability Protection

The most important type of coverage that you need to have if you are running a small business is liability coverage. Whenever you are providing any type of service or selling any type of product, there is some level of risk involved. Having liability insurance will provide you with protection against these risks. Furthermore, many commercial customers, investors, and lenders will want to make sure that you have this type of coverage in place before doing any type of business.

Workers Compensation

If you have people working for you, it is important that they are properly covered and protected. One of the best ways to do this today is through a workers compensation insurance policy. With a workers compensation policy, your employees will receive the coverage that they need if they are hurt while working on the job. Ultimately, this can provide protection to both the business and the people working there. In most situations, employers are also required by state law to carry this type of insurance.

For those that are in Winder, GA, getting commercial insurance is very important. H2M Insurance is a leading provider of insurance solutions in the area. When you meet with H2M Insurance, you will learn more about all of the benefits of commercial insurance. The company could also help to ensure that you are able to get into a great policy that meets your needs. 

What Does Home Insurance Cover?

After purchasing your home, the next most logical thing to do is to take measures that ensure you keep that home. This is where home insurance comes in. But because this might be your first voyage in the seas of home insurance policies, our experts at H2M Insurance have compiled this short guide to educate homeowners in Winder, GA on what this particular policy covers. Read on to find out more.

What is Home Insurance?
This is an insurance policy that provides financial protection against damages to your home and the assets in it. It also provides you with liability coverage against accidents that may occur inside the house, or in your property.

What it covers in Detail:
1.    The Home’s Structure
Also known as the ‘dwelling’, this refers to all the components that make up the house, such as the walls, roof, floor, doors, foundation, and others. Your homeowner’s insurance covers any damage that might occur to the structure. Some policies may also provide protection for detached structures such as the shed and garage.

2.    Your Possessions
In addition to the physical structure, home policies also cover the belongings inside the house. As such, to ensure that you get compensated for everything you have, it is necessary to make an inventory of all your belongings. Next, take photos of those things together with their receipts, and then store them online. 

3.    Liability
Here, your home insurance policy will protect all the members of your household (including pets) against lawsuits for accidents to people visiting your home. This means that it will pay for their medical expenses as well as court costs if those people decide to sue you.

4.    Additional Living Expenses
In case of a peril such as a fire, which makes your home unlivable, your homeowner’s insurance will pay for the expenses you incur living elsewhere such as hotel bills and restaurant meals.

The importance of having home insurance cannot be overstated. Nevertheless, a homeowner’s policy is not a one-size-fits-all policy as people have different needs. Serving the people of Winder, GA and its environs, H2M insurance offers home insurance packages customized for your specific home. Let us know your needs and will be glad to serve you. Contact us here.

Life Insurance For Seniors: What You Need To Know

If thoughts of your mortality are catching up with you lately, you’re probably thinking about one key question:

How can I provide for my family when I’m gone?

The term "life insurance" might pop into mind as an obvious solution. However, if you don’t yet own a policy, the thought of buying one can induce a headache if you’re a senior citizen.

It’s true that the younger you are, the less you pay for either a term or whole life policy. There are some insurance companies that cater specifically to senior citizens, but they’re not always the best deal in town. Sometimes, mainstream insurance agencies like H2M insurance can provide a policy that makes more sense for your individual circumstances. Here’s what you need to know to get yourself an effective policy as a senior that won’t clean out your retirement savings.

Are You Healthy?

Before being able to buy a policy, those who want life insurance are required to prove that they’re in good health. For older individuals, a full medical exam on the insurer’s terms is typically required.

However, some policies don’t require you to undergo an exam. also, if you are generally in good health, this factor may determine the terms of your policy more than your age alone. Human life expectancy increases with every medical and technological advancement, and this is also a determining factor in how much your policy costs.

How Much Insurance Do You Need?

the one positive about shopping for life insurance as a senior is that you need less of it than you did when you were younger. Calculate your costs and your debts.

  • Is your house paid off yet?
  • Do you have any dependents to take care of?
  • How close are you to retiring?

IF your home is paid off and you have no direct dependents, you can easily purchase a smaller policy and still have enough coverage to help out your loved ones if you’re gone. It’s worth weighing your needs against the cost of living in Winder, GA when determining your coverage needs as well.

Do you need help choosing a senior-friendly life insurance policy? Connect with an agent from H2M Insurance to discuss your options. He or she will answer any questions you have before you’re ready to purchase your policy in Winder, GA.

Protection from Business Liability with Commercial Insurance

Covering business liability risk with commercial insurance is a complex process. That is why it is important to work closely with your agent at H2M Insurance serving Winder, GA and the surrounding area. Talk about the specifics of the business and make note of any unusual risks that are not industry norms.

An agent from H2M Insurance will assist a business owner in determining the risks that might exist, calculate a probability analysis of having a catastrophe, and suggest the adequate level of insurance. Different types of commercial insurance are offered, which are designed to go together, in order to provide a kind of tapestry of insurance coverage protection.

To be safer, an agent conducts a complete commercial insurance review. He or she looks for insurance coverage “gaps.”   Gaps are things that might occur to cause a loss, which is not insured. These risks may be mitigated by adding proper coverage.

Categories of Commercial Insurance

A single commercial insurance policy, which covers everything, does not exist because not all types of businesses need all types of commercial insurance.

Here are some of the types of commercial insurance to consider:

  • Workers’ Compensation: This insurance is mandated by the State of Georgia and is required for almost all businesses with employees operating in Georgia. It protects employees who experience on-the-job accidents and pays a death benefit to the surviving members of the family of an employee who lost his or her life on the job or due to job-related injuries. There is a certain level of benefits for employees and legal limits for an employer’s responsibility.
  • Business Liability: This kind of insurance may offer protection for a claim made about a defect in a product, negligent acts made by employees, and lawsuits about slip-and-fall accidents. There are special policies for commercial vehicle insurance, crime insurance, glass insurance, marine insurance, cyber-security insurance, terrorism insurance, key person insurance, business interruption insurance, and more.
  • Professional Liability: This group includes malpractice insurance, errors and omissions insurance, fidelity bonds, construction bonds, and umbrella insurance to extend other policy limits and cover things not covered by other policies.

It just takes one serious, costly, lawsuit that results in a huge judgment or award to bankrupt a business. Business owners need to understand liabilities and prepare for them by conducting an insurance review with their insurance agent at H2M Insurance in Winder, GA. Call now for an appointment for an insurance review.

What Factors Impact Life Insurance Premiums?

The peace-of-mind and financial protection life insurance offers should justify the monthly charge, but not all policies carry the same premium. Factors such as your age, health, and gender impact the cost relative to the term and type of insurance you select. The specific factors impacting your coverage are outlined below.

When you apply for life insurance, you typically have to answer multiple questionnaires related to your health and lifestyle. Questions related to past medical treatments, drug or alcohol use, and extreme sports are common. If you have a history of heart problems, diabetes, cancer, or another serious illness, it will likely impact your eligibility and cost of insurance. You’ll also likely have to submit to a physical examination, where your blood pressure and weight will be measured, along with the taking of blood samples.

Another important factor is whether you opt for term, universal, or whole life insurance. Term insurance typically has the lower premium amounts, but the policy doesn’t carry a cash surrender value. Whole and universal policies generally have surrender values, but the premiums tend to be higher. Associates at H2M Insurance in Winder, GA can help you determine the policy that best fits your budget and needs.

A summary of major factors impacting premiums includes:

  • Past medical history
  • History of cancer or serious illness with immediate family members
  • Drug or alcohol addiction
  • Term of policy
  • Type of insurance policy (whole, universal, term, etc.)

The benefits of life insurance often-times out-weigh the monthly premiums. The factors that influence the cost range from your age and gender to specific medical conditions you have. Contact H2M Insurance in Winder, GA, for more information on life insurance policies and coverage options.