There are many types of important investments you will make during your life. Life insurance will most definitely be one of them. If you find all of the life insurance options and information to be overwhelming, we can help. At Senn Insurance Agency, serving O’Fallon, MO we can answer your life insurance questions so that you feel confident in your investment.
Is Life Insurance Necessary?
There are some insurance products that are required by law for individuals to maintain. Auto insurance is one such product. Life insurance, however, is not like that. There is no legal requirement that you carry life insurance on yourself or your family members. However, it is highly recommended that families invest in this important type of coverage.
When death strikes a family, there are, unfortunately, final costs that must be considered. Having a life insurance policy already in place will ensure that your family does not have added financial stress on top of their grief.
How Much Life Insurance Should I Purchase?
There is no one-size-fits-all when it comes to life insurance. Every family will be different and each member of the family is different. You will not need the same amount of coverage for children as you would for a parent or spouse who provides income for the family. The standard of living is also different from family to family. This detail will greatly influence how much life insurance you should purchase.
The best way to determine the amount of coverage you need is to sit down with an insurance representative. They will be able to evaluate your family dynamics and financial situation in order to help you decide on the amount of life insurance to purchase.
If you would like to learn more about our services, please contact us at Senn Insurance Agency, serving O’Fallon, MO.
There comes the day when your child becomes a teenager and starts to drive. Though you may not be prepared for your little one to grow up, you must be ready and prepared for their driving experiences in O’Fallon, MO. Protect yourself and your child by ensuring they have insurance coverage under your auto insurance policy. If you are unsure of what type of coverage you need for your teen, reach out to our specialists at Senn Insurance Agency for assistance in answering your auto insurance questions.
Teenage Driver Coverage
Auto insurance policies provide coverage for your vehicles when operated by a covered driver. Under some circumstances, insurance companies will extend coverage to unlisted drivers when the policyholder permits them to use their car. However, if the driver lives with you, they must be included in the policy because they are not included under the provision to allow others to operate your vehicle. Some insurance companies provide coverage for teen drivers who do not yet have their driver’s licenses.
When your teenager receives their license, your insurance company may automatically charge for their coverage. If you do not want your teen listed as a driver in your home, you may have to sign a driver exclusion form. Just know if you choose this option, your teen may not be covered to drive your vehicle.
Ensuring you and your child are protected while driving is essential for your financial protection. After checking your policy, contact your insurance company for your coverage options and costs. If necessary, you may need to shop around and find a new insurance company that offers you the coverage you need at an affordable price.
When your teen starts to drive, check your auto insurance policy to verify they are covered to drive in O’Fallon, MO. Call our team of professionals at Senn Insurance Agency for help adjusting your policy or to sign up for a new policy to cover your newly-licensed teen driver.
Senn Insurance Agency provides coverage to O’Fallon, MO residents. We proudly serve the community as an independent agency. We use our relationships with multiple carriers to help our clients find the right policy for their situation.
Why Alternative Living Coverage Is An Asset
Owning a home is a significant investment. It’s important that you protect it. Home insurance allows you to have peace of mind if a disaster occurs. You are covered if someone vandalizes your property or attempts to steal some of your personal belongings. Your property is covered if there is an accidental fire or severe weather causes damage to your home. Liability coverage protects you if someone gets injured while they are visiting your home.
One important feature of your home insurance policy is alternative living coverage. Imagine dangerous weather comes through the O’Fallon, MO area and causes significant damage to your home. As a result, your home is now uninhabitable. Uninhabitable means that your home’s structure is significantly damaged to the point where you cannot do essential things such as using the bathroom. You should be covered if your home has to be repaired or rebuilt. However, where are you supposed to stay in the meantime?
That’s where alternative living coverage kicks in. Alternative living coverage allows you to find another place to stay until your home is fixed. Obviously, leaving your home for any amount of time requires a significant adjustment period. However, some of your stress should lessen in knowing that you will have another place to stay. You can amend the policy to outline that you want to find an alternative living situation similar to your current one. You also have the option to outline that you would like to stay in a hotel until your home is repaired.
Senn Insurance Agency Will Help You Find The Right Policy
Explore our website to learn more about home insurance.
Getting life insurance calls for a thorough check of multiple spheres of your life, an aspect that can get tricky for numerous policy seekers. In addition to this, you may occasionally have to encounter insurance jargon that can cause some dilemma. But even with this, the road to life insurance in O’Fallon, MO does not have to be an uphill task. For starters, consider using this guideline By Senn Insurance Agency to help you narrow down your options.
Learn About the Various Life Policies
Life insurance often comes with two options, mainly term life and permanent coverage. Term life insurance provides coverage for a specific duration, with its use often helping dependants offset costs related to tuition and mortgage fees. On the other hand, Permanent life insurance lasts for the entirety of your life and comes in handy in providing financial security for your family after you are gone. These differences are crucial in determining the befitting option for your family’s long-term, so consider getting proper information about each.
Consider How Much Insurance You Need
Whichever life insurance you settle for, make it a point to consider how much coverage you need. Look into factors such as your expenses, your income, and the future needs of your dependants. If you have children, consider college expenses and childcare expenses that they may need afterward. By getting an estimate of your family’s needs, you can customize your family’s coverage options.
Determine How Much You Can Afford
While getting a substantial payout will come in handy for your family, getting life insurance is also about how much you can afford. Before signing up for options that may cost you more than your annual income, consider checking into affordable limits in line with your current financial status. Life insurance often allows policy seekers to scale up their options as time goes by, allowing you to review your options when you can afford increased coverage.
To keep your family secure from any of life’s uncertainties, reach out to Senn Insurance Agency today. Our O’Fallon, MO agents will look into your needs to get you tailor-made life insurance.
You need your vehicle to get back and forth to work, the grocery store, doctor appointments, and a multitude of other places, so you will need to ensure it is protected. The auto insurance agents at the Senn Insurance Agency in O’Fallon, MO understand the importance of auto insurance.
In Missouri, all drivers must have at least a liability insurance policy in place through an insurance agent, proof of financial responsibility filed with the Department of Revenue, or a certificate of self-insurance to legally drive. Basically, all drivers must have the minimum amount of insurance that is required.
It is also a good idea to have uninsured motorist coverage in conjunction with underinsured motorist coverage. This will protect you and your vehicle, along with your passengers, if there is an accident that is deemed to be the other driver’s fault. That person does not have any insurance or does not have enough to cover the damages and injuries.
A collision auto insurance policy will pay for damages to your vehicle if you collide with another vehicle or an object. For example, if you back into a building and cause damage to your vehicle and the building, your collision policy will cover damages to both.
Comprehensive insurance will cover your vehicle if it needs to be repaired or replaced due to a fire, vandalism, natural disaster, or stolen.
To obtain the right amount of auto insurance for you and your situation, it is best to contact an auto insurance agent with the experience. In Missouri, you can contact the auto insurance agents at the Senn Insurance Agency in O’Fallon, MO to obtain a quote or get your auto insurance policy started right away.
Most homebuyers realize they will need home insurance to protect their investment in the O’Fallon, MO area, but some want to save the money. They may live on a tight budget and want to use the money another way. Senn Insurance Agency wants you to understand why you need this vital coverage.
In some situations, though, your lender will require you to buy home owner’s insurance or allows another organization to do so. In most states, when you obtain a mortgage to buy a home, the bank typically requires you to carry a homeowner’s insurance policy until you pay off the mortgage. This process reduces the bank’s risk of losing the money loaned while protecting your investment. Once you re-pay the bank, you could theoretically drop your policy, but that is a bad idea.
Your home policy covers your home’s structure, so if a tornado strikes it, the insurance company provides the funds for repairs or rebuilding. It also protects the items inside it, so if a thief steals your TV and stereo, your insurance company issues you a check so that you can replace them. Your policy also provides liability coverage, so if your mother-in-law slips on your front steps and sprains her ankle, your insurance pays her medical bills.
This handy insurance helps protect you from loss in many ways. It also protects the items in your yard, garage, workshop, pool house, etc. Your fences, mailboxes and, other landscaping items also receive protection. The liability protections extend to these as well. If you have a pool or trampoline, the liability component of this coverage increases in importance.
Contact Senn Insurance Agency serving O’Fallon, MO to learn more about when home insurance and when you must obtain coverage.
Life is full of twists and turns. While some of those surprises can be exciting, they can also be devastating. None of us know when our time will come to leave this earth, but we want to know that our loved ones are taken care of properly when it does. The best way to protect your loved ones financially after you die is through a life insurance policy. The agents at the Senn Insurance Agency in O’Fallon, MO know and understand how important it is to have a life insurance policy in place.
Reasons to Obtain Life Insurance
You may have a life insurance policy through your employer, but usually, the amount it pays out is only enough for your funeral and burial. If you are laid off or lose your job, you will lose your life insurance policy. This is one of the many reasons why it’s important to obtain a policy on your own that is separate from your employer.
When you die, your family will be grieving the loss, and through the proper life insurance policy, they will not have the added stress and worry about finances. A life insurance policy will enable any children you leave behind to have the opportunity to attend college or start a business and get their life off to a great start. You can even have a life insurance policy in place that pays off your mortgage so that your spouse and children have a home to live in after you die, especially if you are the breadwinner.
There are two different major types of life insurance policies that you can obtain, and those include a term life insurance policy or a whole life policy. Your trusted insurance agent can explain these in detail to you so that you can make the determination as to which one works best for you and your situation. Call the life insurance agents at the Senn Insurance Agency in O’Fallon, MO today to get your policy started.
While there is no mistaking that driving a vehicle ignites independence, it is also dangerous – particularly for new drivers. As a new driver, here’s what you can do to ensure your safety while on the road.
1. Put Your Phone Away
Driving is the time to limit distractions so that you can keep your eyes on the road. Don’t even tempt yourself with the ability to look at your phone by placing it in the glove box or in the seat behind you. If you have to make a phone call, use Bluetooth or a system like Apple CarPlay or Android Auto – all three of which are now found in many newer vehicles.
2. Watch Your Speed
Maintain the speed limit and be mindful of other drivers around you. Stay in the far right lane as much as possible and allow vehicles traveling faster the opportunity to pass you on the left.
3. Adjust the Mirrors and More
Since it is likely that a new driver is sharing a vehicle that may be used by another person of a different height or body style, it is important to always check the mirrors and adjust the seat prior to putting the car in gear.
4. Follow the Signs
Pay attention to your surroundings and recognize the speed limit on the same road may vary. Furthermore, everything from hazards to blind spots are identified on road signs so it is important to always look at them.
5. Know the Car
Take the time to review your vehicle’s manual so that you know everything from where the headlights are located to how to change the air conditioning temperature.
When it comes to first time drivers, quality auto insurance with excess liability coverage is a must. Contact the team at Senn Insurance Agency in O’Fallon, MO to learn more about our auto insurance options.
Home insurance is one of the most important things you ever buy for your home. It is more important than a new roof or an updated kitchen. Almost as important as the actual policy is the agent you choose to purchase your insurance from. Having a locally owned agent with an office you can walk into or an agent you know and trust gives you peace of mind you can’t find any other way. In O’Fallon, MO that is the Senn Insurance Agency.
When a covered hazard hits your home, whether it is a fire or a tornado, you may not have much of a home left to come back to. When you file your claim, replacing your physical building is the easier part. You have a value on your declaration page and that is what you have to rebuild. You also have a contents amount. With the contents, you need to provide some information about what you lost. That is where your home inventory comes in.
A home inventory provides the record you need to replace all the things you lost. It is a time-consuming process to record everything you own in every room of your home. But after a devastating loss, it makes the whole claims process so much easier. You can show your list, pictures, and receipts to prove exactly what your home was like before it was destroyed. Making your home inventory as detailed as possible helps make the whole process of collecting from your carrier a lot easier and less painful.
At the Senn Insurance Agency in O’Fallon, MO, we are here to offer you the benefit of our years of experience. As independent agents, our team can offer you a network of preferred carriers. Come into our office or give us a call for a no-hassle quote.
If you are on the market for a life insurance policy, you should definitely explore whole life insurance policies. Whole life insurance policies are one of the major types of life insurance available.
At Senn Insurance Agency, we offer a variety of different life insurance policy options. The following are three whole life insurance policy features to be aware of when you’re on the market for life insurance in O’Fallon, MO.
Whole life insurance is a permanent type of life insurance coverage.
You should choose whole life insurance if you’re looking for a permanent life insurance option. Unlike term life insurance policies, whole life insurance policies last indefinitely. They offer both a death benefit and a long-term savings option.
Whole life insurance accumulates a cash value.
If you purchase a term life insurance policy, you will get nothing back for your premiums if you outlive the policy.
However, you will get money back for the premiums you pay if you choose whole life insurance. That’s because a whole life insurance policy will accumulate cash value as time goes on.
Whole life insurance offers the opportunity for borrowing.
One great feature of a whole life insurance policy that you should be aware of is the opportunity for borrowing.
After your whole life insurance policy has accumulated cash value, you can borrow against that cash value. This makes a whole life insurance policy a great way to save and also keep cash readily available to you if you should need it.
Protect the financial future of your family with our help at Senn Insurance Agency. We can help O’Fallon, MO families to find the right life insurance option for their needs.