Posted by: Donnell Insurance | Posted on: July 25th, 2012 | 0 Comments
Many renters we speak to are generally skeptical about getting renters insurance because they are unsure as to whether they really need it or if it is just another expense. Many of us are on a tight budget, so insurance may not seem like a necessity, but it buys peace of mind in the case of fire or theft. Just like all insurance it is there when you need it, but the hope is you never will.
Having renters or tenant insurance can really save you in a pinch. There is so much that can go wrong and since you are not the person that carries the home owners policy you will not get any kind of compensation for your lost or damaged property. Home owners have insurance to ensure they will be compensated for their lost or damaged goods inside their home in case of a fire, flood, burglary, etc… Renters insurance will do the same for the tenants personal belongings not usually covered by the landlords or the homeowners insurance.
Renters insurance doesn’t have to be confusing so you should try and make sure that you get a broker that will explain the different policies available and how each one would work if you were to make a claim. It is for this reason that you will want to pick an insurance broker that you can trust to help you find the right tenant insurance and be there when you need to make a claim.
Posted by: Donnell Insurance | Posted on: July 22nd, 2012 | 0 Comments
There are basically two different types of life insurance. There is term life insurance and then there is whole life insurance. All other types will be a variation of these two major types.
Term life insurance is life insurance that is taken out for a certain period of time. If they pass away before expiry of the policy, then the amount of money due to them will be paid to the selected beneficiary. This insurance coverage is taken out for a limited period of time such as 10, 15 or 20 years. If this period expires and the policy holder is still alive then the insurance cover will expire and no benefit will be paid out.
Whole life insurance will last for the entire life of the policy holder and a benefit will be paid out to their beneficiaries upon their death.
For more information on Term, Whole Life and other exciting insurance products contact us today.