Overlooked Benefits of Life Insurance

Life insurance is an important type of insurance among the full range of insurance that a high percentage of people have. And although many people know at least the basics of what their life insurance provides, they may be overlooking some key benefits that could be helpful. With that in mind, here are some of the most important yet overlooked benefits of life insurance. This information is being brought to you by Cordell Insurance serving the Baton Rouge, LA area.

One overlooked benefit is a waiver of premium, and as its name implies, it pays for the policy’s premium if the policyholder becomes disabled or has serious health problems.

A benefit for employee assistance programs helps with services pertaining to substance abuse, marital problems, stress, and other challenges.

Another great benefit is guaranteed purchase option, which allows the policyholder to pay for future coverage without having to prove anything about their state of health. This would be relevant if the policyholder anticipates wanting to purchase coverage on a particular future date or as a result of a certain life event.

Long-term care benefit allows the policyholder to use benefits from the life insurance policy to pay for long-term care but in exchange for a decreased life benefit.

Dependent child or spouse benefit allows the policyholder to buy term life insurance for his or her spouse or dependent child if that child is 26 years old or younger.

Mortgage protection benefit pays for the life insurance policy premiums if the policyholder dies, but that benefit usually just exists on term life insurance policies.

There are many more details to know about life insurance benefits. So feel free to contact Cordell Insurance serving the Baton Rouge, LA area and get a more comprehensive look at benefits and details.

How do home insurance claims work

The question "how do home insurance claims work?" Is prevalent among homeowners in Baton Rouge, LA. Well, probably because many of us have been lucky enough to have safe homes, even after paying insurance premiums every month. Unfortunately, accidents can happen which may prompt you to fill a claim on your home insurance policy, and you probably don’t have an idea of how to go about it.

When you purchase your home insurance with Cordell Insurance, we make sure that the process is as comfortable as possible, because we know you already are messed up enough. There are three fundamental steps to filing a claim. They include:

1. Report the incident to the relevant home insurance provider. This is where you’re making a claim officially. You will be required to fill out a form either online or through a phone call and receive a claim number.

2. Your home insurance company will appoint a few claim adjusters who will come, asses the damage, prepare emergency repairs, and determine the amount the insurance company will compensate. This will depend on whether you want the repairs and replacements done or you will get the money and do it yourself.

3. Depending on the agreement you made, the company will send you a check or directly deposit the money to your bank account, and you’re good to go!

Note that if you’ve not reached your deductibles, the amount will be subtracted from the claim. Keep in mind that home insurance claims are unique for every claimer and there are other many factors that affect the whole process, as some companies have to conduct thorough investigations.

 Licensed agents from Cordell Insurance in Baton Rouge, LA can help you not only get the best coverages at reasonable rates but also make your claim procedure as easy as possible. For quotes or new policy, discussions call us or visit us today

Auto Insurance Options to Protect During Hurricane Season

For residents in the Baton Rouge, LA area, preparing for hurricane season is an annual event.  Great care is given to ensuring that our homes are protected and that our family will have the supplies they need should there be a significant weather event.  These steps increase the likelihood of a faster recovery process following a storm.  The team at Cordell Insurance know the unique threats that hurricanes present.  They want to make sure that your automobile has the right insurance so that, if damaged from a storm, you can get back on the road quickly and safely. 

To adequately prepare your vehicle before hurricane season, the agents at Cordell Insurance can help you understand your coverage options.  Having collision and comprehensive insurance policies gives you the tools to protect your auto after weather damage.  The comprehensive insurance policy is designed to address ‘act of God’ type situations such as natural disasters.  So, when a tree limb comes crashing down on your truck, you can have the damages addressed and get back to normal life.  While these policies provide great coverage during hurricane season, they will also work hard for you and your family throughout the year. 

For residents in the Baton Rouge, LA area, preparing for hurricane season is a normal part of life.  All too often, reviewing auto insurance policies to ensure they still provide adequate coverage gets overlooked.  The agents at Cordell Insurance are ready to lend a helping hand.  When you are looking for insurance coverage options, they will work with you to get you prepared for both hurricane season and the normal dangers we face in everyday life.  The best time to get auto insurance is before anything can happen.  Get the coverage you need today!

Flood Insurance and Clean Up Costs

Flood insurance is something that is not automatically included on all policies but that is included on some specialty policies that are taken out just for that purpose. Flood insurance covers a wide range of things including but not limited to the costs that are associated with the clean up of flood waters, mold and other debris removal after the flood water recedes. For those in the Baton Rouge, LA area, the agents with Cordell Insurance can help you to find the perfect policy for your needs.

The right flood policy is going to be able to help you pay for the cost of clean up after the flood waters have receded. Clean up costs can be anything from removal of water, removing drywall and replacing it, removing flooring, removing debris, and even mold mitigation after the water has fully receded and you are trying to live in your home again. This type of service is essential as the biggest issue and the biggest expense associated with flooding is often the cost of clean up after the waters have receded and you are looking to return to your home to live.

Flood insurance is something that is not necessary in all areas but in a city like Baton Rouge where flooding is terribly common, having a great flood policy in place can save you tons of money and can help you get back into your home faster. Flood insurance can be pricy but replacing your entire home after a flood is far more expensive. For those that live in the Baton Rouge, LA are, the agents with Cordell Insurance can help you to create the perfect policy that is going to meet your needs and work for your particular home and insurance needs no matter what.  

How Home Insurance Protects your Assets in Baton Rouge, LA

Maybe you never liked the neighbors much in the first place but pulling the drapes and ignoring the door won’t protect you if one of them falls on your icy driveway and sues you for negligence. Even if you love your neighbors in Baton Rouge, LA, someone could get hurt at a backyard barbeque or be tripping over a rug on game night. Don’t become a hermit, take a look at your homeowner’s policy with your Cordell Insurance agent. In the meantime, here’s some great information to get you started.

How Home Insurance Protects Your Assets

Homeowner’s insurance can prevent you from losing your home, car or business in the event of a decision against you for an accident that occurred on your property and other insured events.

Home liability insurance covers more than your house and its contents. Via family liability insurance, standard in many policies, you can protect yourself from unintended injuries caused by you or a family member or pet.

Injuries on your property can result in expensive legal battles, and not just for mailman slipping on your a slippery step. Make sure your assets stay your assets by carrying the right insurance policy.

What Else is Covered?

Check with your insurance agent regarding specific coverage, but most policies include: 

  • Damage to the house, garage, sheds and other buildings
  • Loss of personal items such as furniture, caused by theft or damage
  • Living expenses for temporary quarters during repairs for a covered event Bodily injury and property damage due to your negligence
  • Pay for injuries to non-family member hurt on your property

Contact your Cordell Insurance representative today to make an appointment and get a quote from home insurance for your Baton Rouge, LA home.

 

Do You Really Need to Increase Your Life Insurance When You Get Married?

It has long been recommended that you and your new spouse purchase life insurance when you get married. This helps to create a stable foundation on which you can build your life together and protect one another in the event one of you experiences an untimely death. Here at Cordell Insurance, serving the greater Baton Rouge, LA area, we are often asked if you really need to purchase life insurance or increase your existing policy when you get married. Here is what you need to know. 

Many couples live together and even buy houses before they are married these days. These couples should have enough life insurance on the other party to cover the debts that they have together and to ensure your partner is able to live the life you planned if your income is gone. If there is enough life insurance already in place to cover these expenses, you likely do not need to increase your life insurance coverage immediately after getting married. 

If you and your spouse do not have life insurance, or do not have enough life insurance to cover the debts you have together and to afford to live the life you are used to with each other’s incomes, then it is strongly advised that you purchase a new life insurance policy and/or increase the life insurance policies that you already have in place. This helps to protect the both of you in the event someone passes away early in life. 

If you are in the market for a new life insurance policy in the greater Baton Rouge, LA area, visit Cordell Insurance today. We can help you determine just how much life insurance you need based on your circumstances. 

How To Begin The Process Of A Home Insurance Claim

Having home insurance is an absolute must for homeowners. In the event of a covered incident, you can replace your home and any other covered items so you can get back to normal. In the event of a claim, it is important to know how to start the claims process and allow it to work quickly.

After A Covered Event

Immediately after a covered event, you should collect all of your documentation and bring it to your insurance agent immediately. Then, the insurance agent will begin collecting information to submit the claim to the parent insurance company. Once the information is submitted, it will be reviewed by the agency, and if any additional documentation is required, it will be requested. Make sure you know what information you will need initially to help expedite the claims process.

Things You May Need

Before you buy your insurance policy, you may want to give your agent photographs of your home and its covered assets for future claims. Having this information, along with purchase receipts helps the claims process go much more smoothly and makes the settlement faster. Ask your insurance agent about the information you need for a claim so you can be prepared if a covered event takes place. It is easier to handle a claim if you are prepared ahead of time. For more information about home insurance, call or stop by Baton Rouge, LA, Cordell Insurance. Our friendly and knowledgeable agents will help you prepare for a possible claim and guide you through the whole process. 

Don’t purchase home insurance coverage without understanding the claims process. We at Baton Rouge, LA, Cordell Insurance can get you covered and give you the information and tools you need to be prepared for a claim.

 

 

Do You Have an Adequate Amount of Life Insurance?

Determining the amount of life insurance that is necessary to protect your family after your death can be a confusing process. If you are looking to ensure that you have adequate life insurance coverage Cordell Insurance is here to help. We are proud to serve the greater Baton Rouge, LA area and would welcome the opportunity to work with you to make sure you have the coverage that your family needs. Necessary amounts of life insurance can be a moving target as your situation changes and we are here to help you gain the peace of mind that comes with knowing your family will have the financial resources that it needs in the event of your death.

Tips on Calculating the Amount of Life Insurance You Need

One easy tip is to multiply the amount of your annual salary by 10 in order to determine the adequate amount of coverage that your family needs. This is a good starting point and should be supplemented with $100,000 additional coverage for the college expenses for each child. If you want to take a deeper look at your expenses, try the DIME approach and consider Debt (and burial expenses), Income, Mortgage, and Education. From there you can project the amount of coverage that will be necessary for each category. Our agents can help you to determine the level of coverage that is right for you.

Please give us a call today at (225) 767-8840 to set up an appointment with Cordell Insurance. Our agency serves the entire Baton Rouge, LA area and is here to help you. Knowing that you have adequate life insurance coverage in place can give you the peace of mind that comes with knowing your family is protected, even after your death.

Can I get more comprehensive insurance, since I live in my RV?

What does RV Insurance Normally Cover?

If you have an RV for personal, recreational use, you can normally insure it for up to 260 days per year.  Your policy will be based on the class of your RV, and will be based on its value. You can base your coverage on the stated, market value, the agreed value for which it is insured, or how much it would cost you to replace it. Cordell Insurance in Baton Rouge, LA can help you find a policy based on your needs.

Liability coverage is standard and required by law, and covers you in case you involved in an accident. Your policy will have limits for property damage, medical bills, and underinsured claims much the same way regular automobile insurance does. Many of your personal effects will be covered, such as personal items like clothing, and may or may not include roadside assistance.

How Can I Get Extra Coverage to use my RV as a Residence?    

If the situation is only temporary, you might want to choose Vacation Liability. This covers your damages if you stop driving and use your RV as a home for a limited period of time. You may need extra coverage if you are in Mexico, or if you need to store your RV.

If you actually use your RV as a primary or secondary home, you will need full-timers insurance. This kind of policy is similar to a homeowners policy, You will have a comprehensive policy which covers everything from theft, to vandalism, to fire or broken glass.

If you want to purchase a comprehensive insurance policy for your RV, of if you just have questions, call Cordell Insurance, proudly serving Baton Rouge, LA.

What is Umbrella Insurance and what Will it Cover?

An umbrella insurance policy is additional liability insurance that can help cover unexpected circumstances that are not otherwise covered in your general insurance policy. Having an umbrella insurance policy is an important part of protecting yourself and your property. Umbrella insurance will cover you for potential lawsuits, claims, injuries and much more. If you live in Baton Rouge, LA, and are interested in getting an umbrella policy, Cordell Insurance is here to walk you through the process. So, let’s consider what exactly is covered in an umbrella policy and why it is important to have.  

What kind of insurance is provided under an umbrella policy? – An umbrella insurance policy provides additional liability insurance that extends beyond the coverage of your current homeowner, boat and auto insurance policies. Umbrella insurance picks up where the coverage on those other policies ends. Umbrella insurance will also provide coverage for legal issues and fees, lawsuits and liability for rental properties that you own. This includes damage, injuries and lawsuits.

Is an umbrella policy needed if I already have solid insurance coverage? Absolutely. Remember, an umbrella policy will provide additional insurance coverage for the unexpected- outside of what you already have. It isn’t until the unexpected occurs that people consider thing like others’ bodily injury (dog bites, falls and other injuries that occur on your property or because of your negligence) property damages and exorbitant legal fees and lawsuits that you may find yourself wrapped up in. Umbrella policies will cover those expenses when you are at fault toward others. Basic policies will only cover your property damage, bodily harm etc.

Essentially, an umbrella insurance policy will provide you with peace of mind as you will be protecting yourself, your family and your business from potential future losses from injuries, property damages and lawsuits.