Company: EGCA Insurance
Phone: (559) 472-7282
Description: Specializing In: Auto, Home, Business, General Liability, Workers’ Comp, Used Car Dealer, Bond
Just when you thought that everything goes well, a crisis comes. You better be prepared for it, or else you might lose all the important aspects in your living (Insurance Visalia). Worse, if you have to go away and leave everything to your spouse and children. So you better be prepared for this worst scenario. How? Simple. Get you and your family an insurance (Fresno Insurance).
Kinds of Insurance
What’s the better way to start off this article than to acquaint you with the kinds of insurance available?
First, there’s what you call the “Whole Life Insurance” (Clovis Insurance). This pays off when the insured person is killed or has died. Depending on the contract, almost any kind of death is covered in this kind (Fresno Auto Insurance). Examples may be racing drivers on auto accidents or nuclear engineers on deaths related to their field, except for cancer (again, this is depending on the contract).
Second, there’s the “Term Life Insurance” (Visalia Insurance). Its difference on the previous one is that this has a premium which could fluctuate based on the attained age of the policy holder. The first kind of insurance (Fresno Auto Insurance) has a constant amount, as long as the premiums are paid. These are very flexible and inexpensive. Some of these maintain a level premium for a definite duration and can be renewed at a higher rate when the term ends while there are those amounts and premiums which change annually. This kind of insurance does not grow any cash nor it pays no dividends but it is cost-saving (Clovis Insurance). It can also be as high like the 70% below the cost of a similar whole life amount.
There’s also this Liability Coverage (Fresno Home Insurance). As what the words imply, this pays out when an accident or an unexpected event occurs to someone insured. These are made in order to protect personal assets (Fresno Insurance) in the event that a person has no insurance or a monetary judgement is made against them. These are less-stringent plans in underwriting requirements than life or health insurance (Insurance Visalia) plans since the statistics of insurance don’t change much from one year to another in a given populace. It’s on the amount of exposure to risk that the insurance companies will base their premiums.
Problems with lawsuit or loss? There’s the Business Insurance! This will help you in cases mentioned earlier. Example, if a business partner dies, then the insurance (Auto Insurance Fresno) will go to the family of the deceased and the business will be transferred to the other partner, making him the sole owner of it. This kind of insurance is very common. It insures a specific individual within a company. The claim money is usually for training a replacement or injecting cash into the business if the person is unable to fulfill his position and job. It ensures that a business can survive even if it loses a top employee (Fresno Insurance).
Just last Novermber 2009 in Fresno, Mayor Ashley Swearengin announced a budget reduction plan to the city council, and layoffs were expected. Fresno is nearing to a $28 million budget gap.
Now you see what I mean by crisis? This is not the only crisis you can expect. Death is like a thief and accidents are his allies. But you can be prepared if you get yourself an insurance now.