Commercial Coverage for Secondary Structures

Posted on November 19, 2024November 19, 2024 by admin

Garages, storage sheds, and workshops are secondary structures that can be added to a commercial insurance policy. Learn how having coverage for secondary buildings can benefit you as a business owner.

A Standard Commercial Insurance Policy

Your current insurance policy may cover the building where you operate. It may also protect furnishings, inventory, machinery, and other business essentials.

However, a standard policy may not provide coverage for the secondary structures on your property. Adding coverage for these structures could help your business recover after a natural disaster, theft, or act of vandalism.

Your Business Plan

A review of your business plan will refresh your understanding of the importance of each structure and its contents. Preparing a list of potential risks that each structure faces will help you choose the right commercial insurance products.

For example, you may own expensive equipment stored in a workshop or shed. If these items were stolen, resulting in financial loss and the inability to run your business as intended, it is a good idea to insure these essentials for a high amount.

The Condition and Location

Your commercial insurance plan should reflect the current condition of each building and the items stored within. Conducting an assessment of each structure will help you.

When you perform the assessment, write down any issues that need to be addressed before having the structures and contents listed in your commercial insurance policy. Take notes that describe the location of each building.

Find An Insurance Agent Who Serves Chicago, IL

Once you are ready to update your commercial insurance policy, contact one of our agents. An agent from Arial Insurance Group will provide you with information about structural coverage that will protect the secondary structures on your land.

Natural Disasters Homeowners Need to be Aware Of

Posted on October 22, 2024October 16, 2024 by admin

Natural disasters are relatively common, and many homeowners will have to deal with the fallout of such events at some point in time. Without home insurance, homeowners could end up on the hook for all the costs of a natural disaster. The right home insurance policies and other insurance plans can provide assistance should you and your property be affected by a natural disaster. However, what’s covered can vary from plan to plan. If you need help with selecting home insurance in Chicago, IL, contact the Arial Insurance Group.

The Many Types of Natural Disasters

Storms are perhaps the most common adverse natural disasters. Storms can range from gentle spring showers complete with rainbows to devastating hurricanes that can wipe out communities and submerge cities. Often, the worst damage caused by a storm isn’t caused by high winds or hail but instead by flooding. Floods can sink entire cities if a storm overwhelms rivers, dams, levees, and the like.

Weather isn’t the only risk. Snow melt and infrastructure failure can cause floods. Outside of floods, earthquakes can cause massive damage. Cold weather, as is common in the winter, can result in frozen and burst pipes. Wildfires, meanwhile, can burn out of control. Many other disasters could impact you and your property.

It’s important not to assume that a given insurance plan covers a particular event. You’ll need to study specific insurance policies closely to determine what is covered and what might not be. For example, standard homeowner’s insurance often won’t cover damage caused by floods. You may need to take out a separate policy to cover floods. If you’re looking for home insurance in Chicago, IL, contact the Arial Insurance Group. We can help you understand coverage and identify gaps and other risks.

Using Long-Term Care Insurance in Accident Recovery

Posted on September 30, 2024September 25, 2024 by admin

Most people regard long-term care insurance as something necessary as you age. However, long-term care coverage can also pay for the support required following an auto or motorcycle accident. At Arial Insurance Group, we want our Chicago, IL, clients to fully understand the benefits of long-term care policies and their relevance to people of all ages.

The Role of Long-Term Care Coverage Post an Accident

Accidents at home in Chicago, IL, in an automobile, or on a motorcycle can result in serious injuries such as broken bones and traumatic brain injuries (TBIs). These conditions require extended recovery periods, including physical therapy and other rehabilitative therapies. While the responsible party typically pays a settlement, the injured person must often start their treatment before the court case is finalized.

In an at-home accident, if your insurance doesn’t cover the necessary care, your only option is to bear the cost of your treatment. Long-term care insurance can cover your stay in a rehabilitative hospital, regardless of your age. It can also cover the cost of medical assistance provided at home after your discharge from the hospital when you still need help to perform daily life tasks.

Long-term care insurance ensures that you can afford the medical and recovery care you need to achieve the best outcome possible. Even though it provides hospice care and other end-of-life services, that is not its sole purpose. Accidents can occur anytime, and long-term care insurance guarantees you can cover your recovery care.

Secure Your Future by Creating Your Policy Today

Reach out to Arial Insurance Group today to create a long-term care policy that safeguards your future. Let us assist you in providing your family with the necessary coverage.

Decoding Health Insurance Terms: A Glossary for Chicago Area Residents

Posted on August 30, 2024August 21, 2024 by admin

Do you find yourself bewildered at the idea of amending your existing health insurance policy during the annual open enrollment period?

Arial Insurance Group is here with a beginner’s guide to insurance terms for residents of Chicago, IL!

Understanding Health Insurance Terms – A Glossary

Co-Payment: A co-payment is a predetermined amount that you need to pay for covered medical services under your current insurance plan.

Deductible: This refers to out-of-pocket expenses for covered insurance services that you must pay before your chosen health plan benefits start to apply.

Illinois Medicaid: Government-funded health insurance that provides basic coverage is available for qualified low-income individuals and families.

In-Network Provider: These are health care providers within your health network who have agreed to provide covered services at an agreed-upon rate.

Open Enrollment: The period when insured individuals can make changes to their existing health insurance policies. Open enrollment periods typically occur once per year, unless there are extenuating circumstances warranting an immediate change.

Out-of-Network Provider: These are healthcare professionals not included in your current insurance company network. Visiting an out-of-network provider may lead to reduced coverage or no insurance coverage at all.

Premium: These are monthly or annual costs associated with your chosen health insurance plan. Premiums can differ based on the provider, location, selected benefits, and the number of family members included in your health insurance plan.

The above terms are representative of common terminology found in health insurance policies and public health insurance marketplaces.

Contact a reputable local insurance agent at Arial Insurance Group in Chicago, IL to learn more about the health insurance terms outlined above and to explore health insurance policies that suit your care needs.

When Is the Right Time to Buy Life Insurance?

Posted on July 30, 2024July 23, 2024 by admin

Life insurance can be an invaluable safeguard in ensuring secure provisions for your family in the event of your demise. However, determining the appropriate time to purchase a policy is a common challenge. Many are unsure of the optimal timing for investing in life insurance, which often results in delayed purchases and inadequate coverage. If you’re grappling with this dilemma, worry no more. At Arial Insurance Group, we dedicate ourselves to assisting individuals in Chicago, IL, navigating such inquiries and equipping you with the best guidance for your insurance journey.

When Should I Invest in Life Insurance?

A set age bracket doesn’t dictate when one should procure life insurance. However, adhering to certain general rules can help. Typically, the younger you are when purchasing a life insurance policy, the better. This is because life insurance premiums rise with age, reflecting increased health risks and natural progression towards their lifespans’ latter part. Regardless, investing in a policy is not recommended solely because you feel compelled to. Individuals who should consider life insurance include those whose dependents rely on their income or those with high amounts of debt that could burden their families post-demise. If you fall into these categories, the above advice should be taken into account!

Seeking Life Insurance? Arial Insurance Group Can Assist!

If your family’s future could benefit from financial support after your departure, investing in life insurance is worthwhile. Besides knowing when to purchase it, you might be wondering where to source the right life insurance policy. Look no further! At Arial Insurance Group, we’re committed to helping people like you identify suitable life insurance policies. Servicing in and around Chicago, IL, we’re just a call away. Request a quote today!

Signs You Need to Repair the Brakes on Your Vehicle

Posted on June 26, 2024June 26, 2024 by admin

At Arial Insurance Group, serving Chicago, IL, we understand how crucial it is to maintain your vehicle, especially when it comes to safety features. Something like recognizing the signs that your brakes need repair is essential for your safety on the road. Let’s review some key indicators that it might be time to check your brakes.

Unusual Noises

One of the first signs of brake trouble is hearing strange noises when you press the brake pedal. Squealing, squeaking, or grinding sounds often mean your brake pads are worn out and need replacing. Ignoring these noises can lead to more serious damage.

Warning Lights

Modern vehicles have dashboard warning lights to alert you to potential problems. If your brake warning light comes on, it’s crucial to inspect your brakes immediately. This light can indicate low brake fluid, worn brake pads, or other issues that need attention.

Soft or Spongy Brake Pedal

A brake pedal that can be pushed to the floor is referred to as a soft or spongy brake. This usually indicates a fluid leak or air present in the brake line, both of which can significantly reduce braking efficiency.

Longer Stopping Distances

If you notice that your vehicle takes longer to stop than it used to, this is a serious safety concern. Worn brake pads or other brake system issues can increase your stopping distance, putting you at greater risk of an accident.

At Arial Insurance Group, we’re committed to helping you stay safe on the road. Regular brake maintenance is essential not just for safety but also to ensure your vehicle remains insurable. If you have any questions about auto insurance or need assistance with your policy in Chicago, IL, reach out to us today.

Condo Insurance & HOA Lawsuits: How to Protect Your Interests

Posted on May 27, 2024May 27, 2024 by admin

Here at Arial Insurance Group in Chicago, IL, we understand that living in a condo involves automatically being a part of an HOA (homeowners association). They manage the shared spaces, handle community issues, and have the authority to administer fines for what they consider violations of the neighborhood’s bylaws. When the homeowner and the HOA cannot resolve these issues, lawsuits can result. Here’s how condo insurance helps protect your interest.

Condo Insurance Serves as a Safeguard

Condo insurance is crucial to protecting your home and its contents. But did you know that this coverage helps protect owners should there be any HOA-related legal issues? It does! Some key things to know include:

Property Coverage: Protects the home’s interior areas, including personal possessions, against vandalism, fire, and theft.
Liability Coverage: Covers expenses owners incur due to being responsible for any injuries or property damage they cause within the common areas.
Loss Assessment Coverage: Should a covered loss cost exceed the HOA’s limits, owners can be charged, and this coverage can help cover those.
Legal Expense Coverage: Some policies offer legal cost coverage for HOA disputes.

Strategies for Mitigating Risks

There are a few ways to minimize the potential impact of a lawsuit from the HOA. They include:

Knowing Your HOA’s Bylaws & Covenants: Following the rules to avoid HOA fines and lawsuits requires knowing them. This allows owners to navigate conflicts better.
Actively Participate in the HOA: Going to meetings helps owners stay informed of any new rules to contribute to disputes before they escalate.
Regularly Review Condo Insurance: As rules and property values change, owners may need to alter the current policy.

Protect Yourself With the Right Insurance

If you need a condo insurance policy, contact Arial Insurance Group in Chicago, IL, to learn more. We’ll give you a quote and answer any questions you may have.

Making and storing a home inventory

Posted on February 20, 2024February 20, 2024 by admin

A home inventory is one of those things that you only appreciate if you need to use it or if you don’t have one when you file a claim. Having to try to recreate your possessions when they no longer exist is a nightmare that no one should have to live through. At Arial Insurance Group in Chicago, IL, we are happy to help you understand the value of making and correctly storing a home inventory.

A home inventory lists all the items you have in every room of your home. If you are like most people, you grossly underestimate the amount of things you own and store all around your home. Get a large pad and a pen, bring your phone or camera, and pick a room to start in.

Write down all the things you see in as much detail as possible. If it is electronics or appliances, include the manufacturer, model, and serial number if possible. Attach any invoices or receipts that you have and take pictures. Take several pictures in every room from a variety of angles. Now open the drawers, closets, and cabinets and write down anything not in plain sight.

Go through every room in your home doing the same thing. Don’t forget to go to the attic, basement, and any closets you have. When you have written down everything, it is time to think about a safe place to store the inventory. You need it to be available if you want it, and your home is not the best option. A safe deposit box is a good option, and make sure you have a copy in the cloud.

Contact our team at Arial Insurance Group in Chicago, IL, if you have home insurance needs.

The Crucial Conversation About Long-Term Care Insurance

Posted on January 31, 2024January 31, 2024 by admin

In life’s journey, the prospect of aging and potential long-term care needs is a reality that deserves thoughtful consideration, especially when navigating it alongside your spouse. Engaging in crucial conversations about long-term care insurance becomes integral to planning for a secure and comfortable future together. As you embark on this dialogue with your spouse, understanding the importance of long-term care insurance is paramount.

Long-term care insurance acts as a financial safety net, offering you and your spouse protection if extended care becomes necessary. Considering the unique challenges that may arise in the Chicago, IL, area, having comprehensive coverage is vital. Arial Insurance Group, serving Chicago, IL, recognizes the significance of preparing for the future, offering tailored solutions to safeguard your well-being.

As a couple, assessing your combined risk factors and discussing how potential long-term care needs might impact your lives is essential. Arial Insurance Group understands the intricacies of insurance laws and coverage options specific to Chicago, IL, ensuring that the policies align with your circumstances.

Initiating this conversation is an act of financial responsibility and a commitment to each other’s well-being. Arial Insurance Group provides authoritative insights and professional guidance, empowering you and your spouse to make informed decisions about long-term care insurance. By reaching out to Arial Insurance Group, you’re not just securing a policy but investing in a future that prioritizes your health, independence, and peace of mind.

Having a reliable partner like Arial Insurance Group can make all the difference in life’s journey. Start the conversation today, and together, navigate towards a future where you and your spouse are well-prepared for whatever it may hold.

Empower Your Healthcare Choices with Health Insurance in Chicago

Posted on December 31, 2023December 31, 2023 by admin

A comprehensive health insurance plan ensures your family can receive necessary and adequate medical care without straining your finances.

Many Chicagoans aren’t aware that they have options for choosing a customized, comprehensive health insurance plan – even if they aren’t members of health insurance plans provided by large groups, members of health insurance marketplaces, or if they declined the expensive payroll deductions for getting health insurance through your employer.

Empower Your Healthcare by Making Informed Decisions about Health Insurance

While access to various quality healthcare services in Chicago is abundant, so are the associated costs. Rising costs in healthcare mean that having health insurance is paramount. The insurance professionals at Arial Insurance Group in Chicago, IL, can help you make informed decisions about choosing the best health insurance policy to meet your family’s healthcare needs.

An Illinois health insurance plan can help you and your loved ones get easier access to quality healthcare services ranging from primary care to specialized treatments and emergency services.

One of the most essential benefits of having health insurance in Illinois is the ability to choose preferred healthcare providers and facilities that meet your needs.

Health insurance can give you more flexible options to consult with primary care providers and specialists who provide treatment and care services at some of the area’s most prestigious hospitals.

Talk to a trusted and friendly health insurance professional at Arial Insurance Group. Licensed insurance agents can help you choose healthcare plans with options for preventative care, emergency services, and specialized care.

Please don’t wait until it’s too late for you or your loved ones to get adequate health insurance coverage in Chicago, IL. Contact an agent to get a personalized health insurance quote today!