Why Renters Insurance is Crucial for Your Family

Posted on by admin

Many people are familiar with home insurance. If you own a home, it’s crucial to make sure that it is properly insured. However, folks sometimes forget that renters need protection as well. Fortunately, you can take out renter’s insurance, which will provide protection for you and your family. If you’re looking for renter’s insurance in Illinois, contact Green Family Insurance Inc.

A Closer Look at Renter’s Insurance

In some cases, renters may be covered by certain things via their landlord’s insurance. However, the landlord’s insurance may not cover everything. The right renter’s insurance can expand coverage and keep your family safe.

What’s covered can vary from plan to plan. It is important to work with an insurance agent or to closely read the fine print when selecting an insurance policy. Some things that may be covered by a rental insurance policy include stolen property, damage caused by criminals, and property ruined by burst pipes. The damage caused by some natural disasters may also be covered. Costs can quickly add up, so it’s important to explore coverage options.

If you’re targeted by criminals or live through a natural disaster, you and your family will likely be under a lot of stress. Should you have renters insurance that covers damage, you can reduce your financial woes. This could help provide peace of mind and will allow you to recover more quickly. Without insurance, you and your family may struggle to recover (financially speaking).

Ultimately, everyone who rents a property should consider rental insurance. If you’re looking for renter insurance policies, feel free to contact Green Family Insurance Inc., serving the residents of Illinois. We’d be happy to explore coverage options with you.

Beyond the Basics: Uncommon Situations Where Umbrella Insurance Shines

Posted on by admin

In the vast landscape of insurance, Green Family Insurance Inc. stands as your trusted partner in Illinois. As we delve into the realm of protection, let’s explore situations beyond the basics where Umbrella Insurance emerges as a beacon of security, ensuring your peace of mind in unexpected circumstances.

Unexpected Liability Challenges

Umbrella Insurance extends its protective reach beyond the conventional, safeguarding you from unexpected liability challenges. We understand the intricacies of life in Illinois, offering coverage that goes above and beyond to shield you from uncommon situations that could pose financial risks.

Unforeseen Legal Expenses

Legal expenses can arise unexpectedly, putting a strain on your financial well-being. We recognize the unpredictable nature of legal challenges and position Umbrella Insurance as a robust defense, ensuring that unforeseen legal expenses don’t disrupt your financial stability.

Coverage Gaps in Home and Auto Policies

While standard home and auto insurance policies offer essential coverage, there may be gaps in certain situations. We fill those gaps with Umbrella Insurance, providing an additional layer of protection that kicks in when your primary policies reach their limits.

Protecting Your Illinois Lifestyle

Living in Illinois brings its own set of unique circumstances. We tailor Umbrella Insurance to align with the specific lifestyle and challenges of our community, ensuring that you have comprehensive coverage that adapts to the uncommon situations you may encounter.

Ready to explore the extraordinary protection that Umbrella Insurance provides in uncommon situations? Contact Green Family Insurance Inc. for personalized advice on umbrella insurance coverage tailored to Illinois living. Our team is dedicated to securing your financial well-being in every aspect and protecting you against the unexpected.

When Do Homeowners Need Flood Insurance?

Posted on by admin

Flood insurance isn’t something that every homeowner in Illinois needs, but it’s essential to have the coverage if your house requires it. Standard homeowners’ policies normally don’t cover flooding. Here’s when homeowners typically need a flood insurance policy.

Living in a High-Risk Flood Zone

The most obvious time when flood insurance is essential is when you live in an area designated as a high-risk flood zone. These zones are identified by the Federal Emergency Management Agency (FEMA) and are areas where floods occur most often (and often most severely). 

FEMA publishes maps that show what parts of Illinois are in a high-risk zone. We at Green Family Insurance Inc. can help you check these maps to see if you’re in a zone deemed high-risk. If you are in a high-risk zone, certainly consider getting a flood policy.

Having a Mortgage from a Federally Regulated Lender

If your home is in a high-risk flood zone and you have a mortgage from a federally regulated or insured lender, you’re probably required by law to have flood insurance. This requirement helps protect the investment of both the homeowner and the lender. 

After Experiencing a Flood

Even if you’re not in a designated high-risk area, your house could still flood. If you’ve gone through a minor flood, or if you just want extra protection, flood insurance could help you should a bigger flood ever occur.

Green Family Insurance Inc Is Here To Help

If you have a house in Illinois, contact us at Green Family Insurance Inc. One of our knowledgeable agents can work with you to assess whether flood insurance is required and get you a policy should you need or want one.

Three Types of Protection You Get From Condo Insurance

Posted on by admin

When you own a condo, you need a specific type of policy to make sure you’re protected. A condo policy is made especially for those who own a condo. It takes into account which parts of the structure you actually own versus what the condo board owns. It makes sure that you’re only insuring the parts that are yours. To get your condo insurance in Illinois, call us at Green Family Insurance Inc.

Protection for the Condo

This insurance has coverage for the dwelling itself so that you’re protected in case an event happens that damages your home. It’s essential to have this coverage to protect yourself against the high repair bills that could be due after a serious event causes your home to be damaged. The policy spells out which types of risks you’re covered against such as specific types of accidents and disasters. When one happens, the policy can pay for the repairs instead of you having to come up with an enormous amount of money yourself. 

Belongings Protection

When you have everything you own in your home, it’s extremely important to make sure that all of it is insured. You’ve invested a lot into your belongings, and they need the kind of protection that the condo has. These policies come with that coverage. It can pay for you to replace the items that were lost in the damaging event. 

Protecting Your Liability

You’re liable for the things that happen in your condo, and that includes accidents. If anyone should get injured in an accident there, your condo insurance covers your liability and pays for the medical bills for that person. It’s a type of coverage that can save you a lot with medical bills so high. 

Get Condo Insurance

When you need a condo policy in Illinois, call us at Green Family Insurance Inc.

Do I need different health insurance if I move to Illinois from another state?

Posted on by admin

Choosing the right healthcare insurance is important, even more so because you are normally limited as to when you can make changes. You can look for a new plan during the open enrollment period starting in November, unless you there are special circumstances. If you have a "qualifying event," you can make changes such as adding beneficiaries.

At Green Family Insurance Inc., we help Illinois find health insurance that will meet the needs of their families. When circumstances change, we can help you make the changes you need.

What To Do If You Move

If you move within the state, you need to report your new address on your healthcare application as soon as possible. However, if you move to another state, you will need to change your insurance and find a plan in the new state. You are allowed to change your insurance if you are moving to another state.

In order to change your insurance, you may need to fill out a whole new application. Let your insurance agent know if you need any help because you need to take care of the paperwork in a timely manner. Failure to follow procedures could cause you to have a gap in insurance coverage.

Make Sure You Keep Your Coverage

If you have insurance in a different state, you may not have access to any of the medical professionals you need. Even if it is the same company, the level and kind of coverage may be different.

We Are Here To Help

One of the most important things to keep in mind is that you need to keep your address and contact information current. You don’t want to miss any important messages you should be answering. If you have any questions about Illinois health insurance, please call Green Family Insurance today.

Things home insurance covers and some it doesn’t

Posted on by admin

Home insurance provides a variety of different types of coverage. It protects your home, its content, offers liability coverage, and loss of use. At Green Family Insurance Inc. in Illinois, we encourage our customers to read their home insurance policy so that they are fully aware of the coverage and the exclusions. 

Home Insurance Coverage

Property

Home insurance covers your home from a variety of perils. It also covers other structures on your property. This includes sheds, garages, decks, and porches. 

Content

The things that you own are covered by your content coverage. It is most often figured at half of the value of the building itself. You have the option of choosing the value of the items today or what it would cost to replace them. It is important that you have a home inventory and appraisals for any of your more valuable items. 

Floods

Traditional home insurance does not cover floods that are caused by surface water. If your pipes burst, that will be covered but if the creek overflows it isn’t covered. You can however get flood insurance to provide the protection you need. 

Earth movement

Earth movement is not covered by home insurance. This includes earthquakes, sinkholes, mudslides, and landslides. You can however get coverage with an endorsement or an additional policy. 

Some dogs

Not all dogs are covered by your home insurance. When you get a new dog, you should talk to your insurance agent to determine if your dog will be covered. 

Damage due to owner neglect

If your home is damaged by neglect, the insurance won’t pay for it. You need to maintain your home. 

We Are Here To Help

When you need exceptional service and the choices provided by an independent insurance agent at Green Family Insurance Inc. in Illinois we are here to help. Give our office a call or stop by. 

The Importance of Auto Insurance

Posted on by admin

Our agents at Green Family Insurance Inc. understand the importance of having an appropriate amount of auto insurance in place to cover you and your vehicle.

Types of Auto Insurance Coverage

In the state of Illinois, all drivers must have at least an auto liability insurance policy in place. This will help pay for the other driver’s vehicle and any injuries that the driver or his or her passengers suffer due to an accident that is your fault. There are other types of insurance policies that you could obtain for your vehicle.

You never know when a tragic incident will occur, which is why it’s better to be safe than sorry when it comes to auto insurance. Listed below are the different options you have when it comes to creating your auto insurance policy.

Uninsured and Underinsured Motorist Coverage

If you’re involved in an accident that is the fault of a driver who does not have insurance, this type of policy will come in handy for you. This is because it will cover the damages to your vehicle and even help you out with medical bills if you are injured.

Comprehensive Insurance

Comprehensive insurance coverage will help replace or repair your beloved vehicle if it is damaged by some sort of incident. The types of incidents covered include natural disasters, fires, theft, and vandalism.

Collision Insurance

If you collide with another vehicle or even some inanimate object, collision insurance will be your best friend. It will help you repair your vehicle and get you back on the road as soon as possible.

Both collision and comprehensive insurance policies are usually required by auto loan lenders.

Reach Out To Us

Contact our auto insurance agents at Green Family Insurance Inc. today to get your auto insurance policy started in Illinois. We are happy to help!

Understanding Business Interruption Insurance

Posted on by admin

Sometimes circumstances beyond your control force you to temporarily close your company, resulting in a loss of income. Business interruption insurance can help reduce the financial havoc a temporary closure can bring. This type of coverage can help replace business income when your company cannot open during normal operational hours.

Green Family Insurance Inc., serving customers in Illinois, can help you determine whether your company should include provisions for this coverage in your commercial policy.

What Does Business Interruption Insurance Cover?

This type of insurance pays you for expenses incurred by a covered peril such as severe storms, fire, theft, or even an unexpected closure due to a curfew imposed by a local government. Your business would receive compensation for expenses you would still have to pay even though it is temporarily not operating and making money. Past business records usually determine the amount payable for each incident. Some policies have exclusions for specific incidents.

How Long Does Coverage Last?

The policy our agency writes for you determines how long you will receive payments. Generally, coverage ends when the business interruption period ends. The standard policy covers 30 days beginning on the date of a covered peril, but with an endorsement, you can extend possible coverage for up to 360 days. 

Who Needs Business Interruption Insurance?

This insurance is a good option for most small businesses but is especially useful for those that rely on a physical location or have assets like machinery that covered events could affect. Businesses that could benefit include retail stores and restaurants, service companies like salons and spas, and exercise studios.

How Much Insurance Should I Get?

Most commercial insurance policies require a rider for business interruption coverage. Green Family Insurance Inc. serving the residents of Illinois, can help you determine an appropriate amount.

Protect Your Children’s Future: Exploring Life Insurance Options for Kids

Posted on by admin

As Illinois parents, we work hard to provide for our children. But have you ever stopped to consider what would happen if the unthinkable occurred and your child passed away unexpectedly? No one wants to imagine such a scenario, but it is important to plan for the future.

Green Family Insurance Inc. offers life insurance policies for children, and buying them is relatively easy. According to insurance professionals, providing life insurance coverage for minors is a smart way to help your child in the future, especially if you have a child with a medical condition or a high-risk child.

What types of life insurance policies are available for children?

Generally, there are two types of life insurance policies available for children. These are term life insurance policies and permanent life insurance policies. Term life insurance policies have a limited term and a lower premium than permanent ones. On the other hand, permanent life insurance policies have higher premiums, but they guarantee protection throughout your child’s life.

What are the benefits of purchasing life insurance for your children?

Aside from gaining financial security, purchasing a life insurance policy for your children also helps build their financial security. These policies gain cash value, which has the potential for growth over time. This means that your child can have a valuable financial asset in the future that can be used for college tuition or a down payment on their first home.

Give Us A Call

Purchasing life insurance for your children may seem like an added expense, but it is a smart investment to help secure their future. At Green Family Insurance Inc., we specialize in family and child-oriented insurance policies for our Illinois neighbors. Contact us today to discuss your options for children’s life insurance coverage.

Why do I need renters insurance in Illinois?

Posted on by admin

Anyone that lives in the state of Illinois could find that renting a home makes a lot of sense. Not only can it be more affordable, but it offers flexibility to move around throughout the state at the end of each lease term. If you are going to rent a home here, you still need to have proper insurance. You will need a renter’s insurance plan here for various reasons. 

Financial Protection

A good reason to get a renter’s insurance plan when moving to this state is so you can obtain financial protection. When you are in the market to rent a home, you will be taking on some risks, including the risk that your personal items will be lost or damaged and that you are found liable for an accident in your home. If you carry a renter’s insurance plan, it will give support to help mitigate these risks. 

Meet Obligations

You should also get a renter’s insurance plan to meet your insurance obligations. When you are going to rent a home, you will need to sign a formal lease. In many cases, the lease will require that you carry a renter’s insurance plan throughout the term of the loan. Having coverage will keep you in good standing with all such requirements.

Give Us A Call

People that are going to rent a home in Illinois will find that having renter’s insurance for it is very important. When you are looking to rent a home here, it would be a good idea to call our professionals at Green Family Insurance Inc. It can be confusing to choose a renter’s plan that is right for your situation, and our team with Green Family Insurance Inc. will offer any guidance that you need to build a plan that is ideal for your situation.