Month: July 2019

Marital Status Change? = A Change To Your Life Insurance

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We don’t have to tell you that your life is about to change.

When you get married or divorced it is a major life event. The personal effects not withstanding, your financial status is going to change dramatically.  We don’t just mean who your life insurance beneficiary is currently. Due to the nature of the marital union, your financial responsibilities will be affected enormously. The agents at Associated Inurance Agencies Inc. in Westerville, OH are well acquainted with navigating the changes that will occur in your financial life. 

 You may want to change the type of life insurance you currently possess. Savings will be more important as your marital status changes. Whether you’re getting married or divorced, you may have children that you have to provide for, you may have to provide for a different domicile as well as your own domicile. You may have to provide support payments. Life insurance can be used as a financial product that builds cash value and that you can take loans out against. Conversely, your financial obligations may be diminishing and you may decide to change your life insurance from a more comprehensive, whole life policy to a simpler, term life insurance policy. Let us help you understand how to best take care of your financial responsibilities with your major life event.

Speaking with one of our agents at Associated Inurance Agencies Inc. with offices throughout Ohio including Westerville, OH will give you better options and help you understand how your life will be affected by your new status. Contact us today so that we can begin discussing your new insurance responsibilities.  Servicing the great state of Ohio you can give us a call today at 800-935–2335. In addition to life insurance, we also offer home insurance, commercial insurance, condo, and health insurance products. 

How to Design a Condo Insurance Policy

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If you live in Manchester, NH and own a condo, you’re required to have a minimum level of coverage. However, the minimum may not be enough to cover the costs of every event. If you want to design a policy that will really protect you, Associated American Insurance may be able to help. Learn more about what it takes to review and finalize a policy that will give you the peace of mind you need. 

Personal Possessions 

There is a common problem for all property homeowners: they believe their insurance covers their belongings regardless of their policy. But this is not always the case (and often owners don’t find out about this until it’s too late). Your policy may only cover physical damage to the unit, as opposed to items that are lost, stolen, or destroyed. Your policy will also have limits imposed for each policy owner, and may only cover a small portion of everything lost. For more coverage, you’ll need a more comprehensive condo insurance policy. 

Liability 

Liability coverage will protect you in case of mistakes or neglect. For example, if a friend falls over a toy that was left in the living room, you may be responsible for their medical injuries. Similar to the property limits, your insurance policy will also impose liability limits. If you can’t cover everything via your insurance, you’ll be expected to pay for the costs out-of-pocket. 

Ask Us 

From pet damage to identity theft insurance, there are a number of ways to customize your insurance policy based on your preferences. If you want to learn more about how to insulate yourself from unexpected catastrophes, call Associated American Insurance today. We’re here to help the Manchester, NH keep their condos and their belongings in one piece.