Why Having Life Insurance is a Protection for your Young Children?

Posted on November 30, 2023November 30, 2023 by admin

Searching for life insurance has become a vital need for all families. It’s critical to have if you have young children. Life insurance is a financial protection for children. Our insurance professionals at Arial Insurance Group serving Chicago, IL are here for you to find the right plan for you and your children.

Plan for their Future

Obtaining life insurance helps you plan for your children’s future. You may want to plan for a college education. Having a life insurance plan makes it easier for you to save on tuition and other educational expenses. That whole life policy you have will eventually accumulate cash value and provide a financial safety net for your children’s future.

Helps with Unexpected Events

What if your child were to pass away unexpectedly? Life insurance could be a good safety net for end-of-life expenses. If you keep it active, it could pay a death benefit to its beneficiaries, such as the parent, when the child passes away. Life insurance policies are especially beneficial if you have a child with an illness or a disability.

What Type of Policy Should I Consider for My Child?

Some parents think choosing a term life policy makes more sense for their child. That way, when they become an adult, they could convert it to a permanent policy. However, if you want to make sure that your child and their future family have coverage, a whole life policy might not be such a bad idea. Getting one for them when they’re younger can help lock in a lower fixed-rate premium.

Contact our Office for your Life Insurance Options

If you’re stuck on whether you should search for a life insurance plan for your children or not, our insurance professionals are here to help. Contact Arial Insurance Group today to find out about your best options.

How long do I have after an auto accident to file a claim?

Posted on October 20, 2023October 30, 2023 by admin

In the best of all possible worlds, you would be able to take care of everything involving an auto accident, including filing a claim right after it happens. Life isn’t always so easy, and there may be reasons you find yourself waiting. However, it is important to remember that there are multiple reasons that Chicago, IL drivers should file a claim with your agent at Arial Insurance Group as soon as possible after your accident.

It Can Take Months Or Years To Know the True Extent Of Damages

Some damages are easier to assess, such as the cost of a damaged vehicle. Other damages take longer to assess, especially if there are serious injuries. You may need therapy for years, including ongoing medications and time off from work.

When it comes to deciding the full cost of a claim, you will need to add in everything you have lost, from car damages to rental car fees to doctor visits to time off from work. That doesn’t include pain and suffering or possible loss of consortium claims.

Let Your Agent Know Right Away

You will only have 2 years to file a legal claim, possibly less time in certain circumstances. Your agent can help make sure you are getting the care you need while making sure you meet your deadlines.

If a driver waits too long to make a claim, the court will automatically dismiss it, and you will have no recourse. Don’t forget that your insurance company has those important legal resources. If you have any other questions about what to do after an accident in Chicago, IL, or if you would like to discuss your auto insurance coverage, please feel free to call Arial Insurance Group today.

How Condo Insurance Works

Posted on September 23, 2023September 27, 2023 by admin

When you own a condo, you have ownership of specific areas of the building and not of other areas. The areas that you own are required to have condo insurance on them. If you have a mortgage loan, your lender will require you to have this type of insurance. Your condo board will also require it. Even in the rare cases when it isn’t required, it’s still an essential way to protect your home and your investment.

If you need a condo insurance policy, call us at Arial Insurance Group in Chicago, IL to get started.

Insuring the Home

Your condo insurance policy will be written so that it protects the precise areas that you own. This doesn’t include the outer walls of the home. In some cases, it doesn’t include the interior of the outer walls either. It also doesn’t cover any common spaces. Your condo policy will protect your home against many different events that can happen to it. From calamities to disasters, it can pay for the damages that need repairs when a damaging event has happened.

Protecting Your Belongings

As with home and renter’s insurance, condo insurance also protects all of the belongings you have inside your home. A damaging event that ruins your things can mean an enormous amount of money is needed to replace it all. Condo insurance pays for those replacements so that you won’t have to.

Liability Protection

Condo insurance also pays for the medical bills of someone who gets injured while they’re in your condo. Medical bills can be sky-high, so this is important coverage to have. It may also pay for other expenses related to the accident.

Get Your Condo Insurance Policy

To learn more about these policies, give us a call today at Arial Insurance Group in Chicago, IL.

Do I Need Commercial Insurance for My Company Vehicle?

Posted on August 24, 2023September 1, 2023 by admin

At Arial Insurance Group serving the Chicago, IL metroplex, we like to make sure that our clients have the right type of coverage to protect their businesses and vehicles. While some folks may think that a regular auto insurance policy is enough to cover their company car, they may be surprised to find out that a commercial insurance policy is probably a more appropriate choice.

If you’re confused about what type of insurance you should use to cover your company vehicle, our team of insurance professionals is happy to walk you through the process of protecting your vehicle if you live in Chicago or one of the other areas we serve.

Do I Need Commercial Insurance for My Company Vehicle?

As a new company, figuring out the right kinds of insurance policies to protect your business’ equipment can be a daunting task. Even if you already have a personal car insurance policy, your current policy probably doesn’t cover a vehicle that’s used for business purposes. If you find yourself delivering items from your business in your car or conducting other commercial activities in it, it’s time to switch to a commercial insurance policy that protects your car to stay covered in the event of an emergency.

Although it might not seem like a big deal now, having the wrong auto insurance for a company vehicle can cost you money and end in harsh consequences down the road. Commercial insurance policies have specific terms that are tailored to the needs of business owners. Your car and your company are valuable enough to deserve coverage that fits the challenges and rewards they face.

Contact Us Today

To discover how we can help you protect your business and company vehicles, call Arial Insurance Group in Chicago, IL!

Don’t Sell Yourself Short on Home Insurance

Posted on July 28, 2023July 28, 2023 by admin

When you have a mortgage, home insurance is a given as it’s often a requirement for obtaining your home loan. When you own your home outright, home insurance isn’t required, but it’s a wise investment to safeguard one of your most valuable possessions against damage or loss. Chicago, IL homeowners can rest assured that their home is in good hands with home insurance from Arial Insurance Group.

Importance of Adequate Insurance Coverage

When it comes to protecting your home, it doesn’t pay to sell yourself short on home insurance. With the right insurance coverage, you can avoid financial loss in the event of a disaster.

A standard home policy from Arial Insurance Group offers dwelling, personal property, and liability coverage. The amount of coverage you obtain will depend on your home value, the value of your belongings, your lifestyle, your budget, and the risks of damage to your home due to its location.

When it comes to dwelling coverage, we recommend purchasing sufficient coverage to rebuild your home if it’s totally destroyed in a disaster. If your budget allows, your personal property insurance should cover the cost of replacing personal goods that are damaged or lost.

If a guest is accidentally injured when visiting your home, liability insurance helps pay for their medical costs. As medical care is at an all-time high, we recommend obtaining the maximum liability coverage money can buy. If you’re held responsible for a serious accident and sued for damages, your liability insurance will help cover this cost.

Protection Against the Unexpected

After all you’ve invested in your home and lifestyle, it only makes sense to protect yourself from the unexpected with home insurance. If disaster strikes, you’ll have financial support to rebuild your life and move on.

To purchase home coverage for your Chicago, IL home, give Arial Insurance Group a call.

Who would benefit from having long-term care insurance?

Posted on June 16, 2023July 3, 2023 by admin

For people in the Chicago, IL area, having proper insurance coverage continues to be extremely important. A form of insurance all people here need to consider getting is long-term care insurance. There are various situations when a person would benefit from having long-term care insurance, which offers financial support if you are in need of long-term care.

Long-term Care Insurance Beneficiaries

Those at Risk of Developing Health Conditions

A situation when someone will want to have a long-term care insurance plan is if they are at risk of developing health conditions that could require additional care. If you develop a serious health condition, it could require you to pay for very expensive long-term care, and having insurance to provide support here would be very helpful. Some individuals that have a higher risk of developing a disease include older adults, those with certain health risks, and those with a family history.

Those Looking to Protect Assets

If you have worked hard your whole life and built up a nice nest egg, you will likely want to be able to pass some of it down to your dependents. Unfortunately, an unforeseen illness or health condition that requires long-term care can eat away at your savings over the years. When you have a long-term care insurance plan, it will give support so you can protect your assets as much as possible.

Reach Out To Us

There are a lot of situations when someone in the Chicago, IL area would benefit by having long-term care insurance. If you are looking to get this coverage here, it would be great to start the process by calling our team with the Arial Insurance Group. If you do call us at the Arial Insurance Group, we will give the support necessary to understand all options and build a policy.

Finding a Health Insurance Policy that Rewards Your Healthy Behaviors

Posted on May 19, 2023June 7, 2023 by admin

Navigating the world of health insurance can be frustrating and stressful. It’s difficult to know what is and isn’t covered, which causes confusion and might mean you’re not receiving optimal care. You might not know this, but many health insurance policies reward you for healthy habits. Therefore, when choosing a health insurance policy, make sure you find one that accounts for your healthy lifestyle.

Rewards for Healthy Habits

You want to live a long and healthy life, and one of the best ways to do that is to look after your physical and mental well-being. That includes regular exercise, not smoking, weight management, dietary choices, and more. When your policy rewards you for these habits, it gives you extra motivation to keep them up while potentially offering financial rewards.

Ways Insurance Programs Encourage Health and Wellness

Your insurance policy may cover more than you realize. When choosing a policy that cares about your well-being, you may receive discounts or incentives for flu shots, blood tests, and community engagement activities like blood donations. Additionally, it could offer incentives such as free gym memberships contingent upon regular usage.

Insurance and Corporate Wellness Programs

When picking a policy for your employees, check out the health benefits they offer. They may provide financial contributions as part of the employee benefits package. Doing this will make your workforce healthier and happier, leading to better production and employee culture.

Looking for Health Plans in Chicago, IL?

Our expert agents at Arial Insurance Group can guide you through choosing a health insurance plan for yourself, your family, or your employees.

Find out more about health insurance policies that reward healthy habits with Arial Insurance Group in Chicago, IL by calling us today.

How much life insurance is enough?

Posted on April 27, 2023April 27, 2023 by admin

Life insurance is not the same for everyone. What is the right amount of coverage for one person may not be right for another. It is vital to make sure your dependents are able to survive financially and that you discuss your needs in-depth with your independent insurance agent. At Arial Insurance Group in Chicago, IL, we are happy to discuss the insurance options that we offer and personalize a plan just for you.

To determine how much life insurance is enough, it is vital to take several factors into consideration:

What your income is
Your dependents
The age of your dependents
What percent of support they require

Income

If your income is low, you will need less life insurance to replace it than if you have a high income. The object of life insurance is to replace your income to provide for your dependents if you are not there to do it yourself.

Dependents

Who counts on your income to survive? Is it just your partner or do you have dependent children?

Age

The age of your dependents is important when considering the amount of life insurance you will need to keep them in the lifestyle they are currently enjoying. How many years will the support need to be provided?

What percent of support

Does your spouse or partner work? How much of the income that you provide will be necessary to maintain their lifestyle? Will it be 50%, 75%, or 100%?

Once you have all of this information, you can come up with a figure. Take the number of years times your income and then the percent of it that is required. For instance, 50% of 10 years of $50,000 is $250,000.

We Can Help You!

Give us a call at Arial Insurance Group or drop into our Chicago, IL office for a free no obligation quote.

Three things you might not realize about auto insurance

Posted on March 30, 2023March 30, 2023 by admin

There is a lot of misinformation out there about auto insurance that motorists really should be aware of. At Arial Insurance Group, we can provide you with the important information you need about auto insurance in Chicago, IL.

Here are three things you might not realize about auto insurance that you should be aware of:

You can choose from different deductible amount options

You don’t have to purchase a policy with a specific deductible amount. You should be able to choose from a few different deductible options.

Choosing a higher deductible may help you to enjoy lower premiums.

Auto insurance is not optional

Carrying auto insurance is important because it helps you out financially if you get into an accident. However, you shouldn’t assume that you can choose whether you want to buy auto insurance or not.

Every state requires that motorists carry auto insurance or insure themselves in some way to drive legally. Motorists can be penalized if they are caught driving without adequate insurance coverage.

Every state sets its own auto insurance requirements

Auto insurance requirements are regulated at the state level. Different states may have different liability coverage requirements.

In the state of Illinois, motorists need to cover at least $50,000 in bodily injury liability coverage per accident and at least $20,000 in property damage liability coverage per accident.

While liability coverage is required by law, motorists are not typically required to carry collision or comprehensive coverage.

Contact Our Team Today

Call us at Arial Insurance Group to learn more about auto insurance in Chicago, IL. We’ll be happy to answer any questions you have and give you a quote on an auto insurance policy.

The differences between a unit policy and a master policy

Posted on February 21, 2023March 8, 2023 by admin

When it comes to condominium living, there are two different types of policies that you need to be aware of: the unit policy and the master condo policy. Each has its own set of rules and regulations, and it’s important for owners to understand the differences between them. At Arial Insurance Group, we have been helping condo owners and condo associations in the Chicago, IL area for many years and would be glad to help you understand the differences as well.

The differences between a unit policy and a master policy

The unit policy applies to each individual unit within a condominium complex. It outlines specific details that must be adhered to in order to maintain the aesthetics and safety of your particular unit. Things like pet policies, noise levels, parking restrictions, etc. are defined by this document.

On the other hand, the master condo policy is much more comprehensive. It covers issues like structural safety standards, hazardous material management protocols, community amenities upkeep, and general maintenance guidelines. This document affects all units in a complex as well as common areas such as lobbies, hallways, and recreational facilities shared by multiple residents.

Both documents are important for condo owners to understand in order to ensure compliance with their building’s rules and regulations. Understanding the differences between a unit policy and a master condo policy can help make living in a condominium much smoother for everyone involved!

Reach Out To Us

If you have any questions about the differences between a master condo policy and a unit condo policy, or if you’re interested in exploring insurance options for your condo or condo association, give us a call at Arial Insurance Group today. We proudly serve the Chicago, IL area.

Arial Insurance Group

Get a Quote

Plan for their Future

Helps with Unexpected Events

What Type of Policy Should I Consider for My Child?

Contact our Office for your Life Insurance Options

It Can Take Months Or Years To Know the True Extent Of Damages

Let Your Agent Know Right Away

Insuring the Home

Protecting Your Belongings

Liability Protection

Get Your Condo Insurance Policy

Do I Need Commercial Insurance for My Company Vehicle?

Contact Us Today

Importance of Adequate Insurance Coverage

Protection Against the Unexpected

Long-term Care Insurance Beneficiaries

Those at Risk of Developing Health Conditions

Those Looking to Protect Assets

Reach Out To Us

Rewards for Healthy Habits

Ways Insurance Programs Encourage Health and Wellness

Insurance and Corporate Wellness Programs

Looking for Health Plans in Chicago, IL?

To determine how much life insurance is enough, it is vital to take several factors into consideration:

Income

Dependents

Age

What percent of support

We Can Help You!

Here are three things you might not realize about auto insurance that you should be aware of:

You can choose from different deductible amount options

Auto insurance is not optional

Every state sets its own auto insurance requirements

Contact Our Team Today

The differences between a unit policy and a master policy

Reach Out To Us

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