Life insurance is something most people don’t spend a lot of time thinking about. It is more of a necessary evil. It is not discussed around the dinner table, and no one takes a college class to learn how much life insurance is enough. Since an insurance agent’s job is to sell life insurance, you may have doubts about the advice you will get. Having an insurance agent who knows you and who you trust is the only way to feel comfortable with this critical decision. Knippenberg Insurance Inc. in Cumberland, MD is just such an agency.
When you are considering how much life insurance is enough, there are some questions that you need to ask yourself.
- How old am I?
- Who counts on me for their support?
- How much do I owe?
- How many years of support do I need to supply?
- Have I put aside money for my final expenses?
Your age is not the primary determining factor when choosing life insurance, but insurance is at its most affordable when you are young and healthy. It will never be a better time to take a good look at your insurance needs than now. If you are young and single, you may not have anyone dependent on you, or you may want to help provide for aging parents.
If you are married and have a family, you have lots of people who depend on you and your income to maintain their current lifestyle. If your children are young, this can be for many years. You may also want to provide for a college education for your children. Experts recommend that you have between seven and ten years of your income in life insurance.
How much life insurance is enough is not one size fits all. You have to weight need against affordability. At Knippenberg Insurance Inc. in Cumberland, MD, we would be happy to sit down with you and set up a financial plan that includes life insurance. Give our office a call to set up an appointment to discuss your life insurance needs.
Teenage Driver About to Get Their License? Remember These Auto Insurance Tips
Is your teenager about to get their driver’s license for the first time? This can be a difficult time for some Cumberland, MD parents, but it doesn’t have to break the bank in terms of premiums. Here are a few auto insurance tips for parents of new drivers from our Knippenberg Insurance Inc. team.
1. Good Grades Are Important
You already want your teen to get good grades in school for all of the obvious reasons. Once they get their driver’s license, however, it is time to put all of that hard work to good use.
Most auto insurance companies offer a substantial discount for teen drivers who make good grades in school. All they have to do is bring in an official report card to their insurance agent’s office, and it will be applied. Pretty cool, huh?
2. Your Habits Matter
Parents of teenage drivers always need to be mindful of their driving habits. If you’re regularly putting on makeup or texting while behind the wheel, your teen sees this from the passenger seat and will likely take on the same dangerous activities.
Furthermore, your driving record has a lot to do with how much they will pay for the insurance once they start driving. If you already have numerous tickets or accidents, this could be a factor that affects premiums for the whole household.
3. Contact Your Auto Insurance Agent Immediately
You already know that you’re supposed to let your auto insurance agent know when your teen starts driving. But many people think they can get around a rate increase by simply not making that phone call, which often ends in disaster.
Why? If your teenager gets into an auto accident and they aren’t listed on the policy as a driver in the household, the claim might be denied. Instead, go ahead and have a conversation with your agent about the changes in your family. And, if necessary, exclude teen drivers from more expensive vehicles in the household to help save on costs.
Are you ready to discuss auto insurance? Give our Knippenberg Insurance Inc. team in Cumberland, MD a call today for a no-obligation price quote.
Whether you are establishing a new business or you are a business owner with some experience, you need to have commercial insurance to protect your business and the assets. However, choosing the right coverage might not be easy because not all insurance plans can meet your business and personal needs. In order to help you to make the right decision, Knippenberg Insurance Inc. serving Cumberland, MD has prepared the list of tips on choosing perfect commercial insurance:
Evaluate Your Needs and Risks
The first thing you should do when shopping for commercial insurance is evaluating your risks and needs. For most businesses, basic liability insurance is enough. However, there are certain industries where additional coverage is needed. For example, if you are an owner of a tech or computer company, you might need more cyber liability coverage. Therefore, determine what exactly you need and how high the risks are, and pick an insurance plan accordingly.
Compare Different Policies
One of the most common mistakes among business owners shopping for commercial insurance is that they pick the first plan they like. It is highly recommended to compare several plans, analyze their advantages and disadvantages, and not to rush with the final decision.
Talk To An Agent
Choosing commercial insurance might be quite confusing, especially if you have never done it before. Therefore, it is worth talking to a professional and discussing all the available options. You can always consult with an independent insurance agent who will help to tailor an insurance plan to your specific needs and budget. Additionally, an insurance agent will answer all your questions and clarify the things you may not understand.
If you are a business owner from Cumberland, MD, and you are shopping for business insurance for your company, Knippenberg Insurance Inc. is ready to help. Call us today to talk to one of our experienced insurance agents and ask the most troubling questions.
A new house is the biggest purchase you will ever make in your life. Imagine how devastating it would be to lose it in a flood or fire. The good news is that it will not happen to you if you have proper home insurance. It will protect not only your house but also all your belongings. Therefore, even though it is not obligatory to have home insurance in Maryland, you still need to think about getting it if you live in Cumberland, MD, or any other surrounding towns. Knippenberg Insurance Inc. provides you with a few reasons why it is so important:
If your house is damaged by fire or flood, repairs can be quite expensive, and you might not be able to cover them yourself. However, if you home insurance coverage, you have nothing to worry about; your insurance will cover all the expenses. It will even pay for your temporary housing if your home becomes uninhabitable.
The state of Maryland does not require homeowners to have home insurance. However, if you need to get a mortgage, then home insurance becomes a necessity. No lender will give you a loan without home insurance because he wants to protect their financial interest.
Protection of Your Assets
You may have certain assets in your house that are important and valuable. This can include furniture, electronics, art objects, jewelry, clothing, and others. Home insurance will protect not only your house but also all the belongings. Therefore, if your assets are damaged or destroyed by fire or stolen, the home insurance coverage will cover your loss.
Home insurance is a necessity, not a luxury. If you have just gotten a new house or you are thinking about purchasing the one in Cumberland, MD, Knippenberg Insurance Inc is ready to assist you in finding the best home insurance plan based on your needs and budget. Give us a call today to talk to one of our agents and discuss the options available.