Today seems to be as good a day as any to share! Our friends at Pekin Insurance created a list of 21 items to keep in your winter car emergency kit for when you’re driving through winter conditions!
Make your kit, put it in your car, then contact Beck Insurance Agency to discuss your auto coverage to ensure you’re properly covered!
Hybrid Life Insurance/Long Term Care coverage from Beck Insurance Agency
This is a relatively new concept in the market and something you may be interested in. With hybrid Life Insurance/Long Term Care coverage, you can address two very important needs at one time: Life Insurance needs which provide for things like funeral expenses, paying off debt, and estate creation for family, buyout agreements, estate equalization, and Long-Term Care needs that may arise later in life.
Here’s how the coverage works: Secure a hybrid whole life policy then add a Long-Term Care rider with a monthly benefit at 2%-5% of the total death benefit amount, subject to the life insurance limit or $350,000, whichever is less.
This is an incredible product that creates an opportunity to secure and lock in long-term care coverage as well as the rate; depending on the premium payment structure. It also provides much greater returns in that should you pass away without requiring monthly care, your heirs receive the death benefit tax free. Should you decide later that you no longer need the protection, you can cancel the policy and take back your cash value – which after 5-6 years is generally higher than the amount of premiums paid. And of course, if you were to need long-term care you would have coverage when the time came.
If this is something that is of interest and you would like more information, please call (or click) Beck Insurance Agency at 419-446-2777 and we can review your needs and possible solutions.
Having a wood-burning stove as a source of supplemental heat during the colder months can result in significant cost savings on your electric bill, but did you know it can cause an increase in premium on your homeowners insurance?
What to know:
•Even if you have a new wood-burning stove, the act of burning wood as a source of heat creates the possibility of sparking or spitting of hot embers. Taken in combination with combustible materials around your wood-burning stove, there is an increased risk.
•If you are considering having a wood-burning stove installed, be sure it is UL approved and professionally installed. Not only will this help ensure the safety of your home and family, but many insurers will not provide insurance unless certain safety standards or clearances are met. Most insurance carriers will want to do an additional inspection on the unit itself as well.
•Notify your insurance company of the presence of such a stove in your home to ensure you have proper coverage on your home and belongings.
How to maintain wood-stove safety:
•Have the chimney and stove cleaned and inspected annually before you begin using it for the season.
•Look over your unit and chimney regularly for potential cracks. This will help you catch something small before it becomes an issue.
•Follow all clearance requirements in the home. This rule applies to people and pets as well as furniture and other combustible materials. This will help prevent burn injuries as well as limit the risk of a fire starting outside the unit.
•Only burn dry wood. Burning wood can cause deposits known as creosote to build up. If not properly maintained, these deposits can ignite and cause chimney fires.
Having a wood-burning stove doesn’t have to be scary. Make sure you fully understand the risks and responsibilities associated with having one in your home. Also, be sure to talk with your insurance agent or carrier if there are ever any changes in your home that could impact your insurance. Stay warm out there!
Kassie – Hey Max, what’s the difference between a whole life policy, and a man?
Max – I give up Kassie…
Kassie – A whole life policy eventually matures!
Max – Ohh, Kassie….
Max – You know what’s mature is making sure you have enough life insurance in place to protect your loved ones, should the unspeakable happen.
Kassie – That’s a really good point Max. Who can someone call for rate options through all of the top life insurers?
Max – Beck Insurance Agency in downtown Archbold. They have access to dozens of the top life insurance companies and can help guide you through the process from start to finish.
Kassie – Call or stop by Beck Insurance Agency. 419-446-2777
Max and Kassie stopped by the Beck Insurance recording studio to bring you another important message from Beck Insurance. Today’s message is Truck Insurance!
Max: Hey Kassie, you got your ears on?
Kassie: 10-4 Max!
Max: Hey you know where I can find a solid insurance plan for my big rig?
Kassie: Of course! Beck Insurance in Archbold. Beck Insurance has four markets that fit most trucks operating within a 600-mile radius.
Max: Can they help with my filings, and certificates too?
Kassie: Yes, and the companies that they work with have resources available to help with your hiring practices, safety manuals, and much more. I would call Beck Insurance Agency for your trucking insurance needs at 419-446-2777.
Max: Thanks Kass!
It’s that time of year again! As snow freezes and thaws, you may experience ice dams building up in your gutters or on low-sloping roof areas. Unfortunately, this means that a blockage has been created and the water from the melting snow on your roof cannot flow from the gutters to the downspouts. This can potentially cause the water to back up under your shingles.
Oftentimes if the melting snow, water and ice cannot move through your gutters unobstructed, it finds a way into your home, causing damage to your walls, ceilings or insulation. Typically there is minimal, if any, damage to the shingles on your roof. However, it may be necessary to pay a professional to remove snow or ice in the affected area to prevent any further damage. As your policy requires you to mitigate damages, a reasonable cost to do so may be covered under your applicable building policy. In the event of a covered loss, be sure to work with your contractor and claim adjuster to determine a reasonable cost for this service, and always obtain an invoice to present for reimbursement (subject to your policy limits and deductible).
You cannot control the weather, but you can take steps to identify ice dams and prevent them from causing damage to your home:
•Keep your gutters and the areas near your downspouts clear so water is unobstructed when channeled away from your roof.
•Consistently check your attic and the tops of exterior walls for moisture or water stains.
•Safely remove excess snow and icicles from the edge of your roof, if possible.
•Long-term prevention of ice dams includes proper insulation in your attic and applying an ice and water shield membrane under your shingles.
Content originally posted here by Auto-Owners Insurance Company.
A big thanks go to the Fulton County OSU Extension office for putting this event on year after year, and allowing Beck Insurance Agency the opportunity to continue being a part of it!
This event of course would not be possible if it weren’t for all of the Northwest Ohio farmers and other venders that attend each year….so thank you as well!
No. Auto insurance policies in the US only provide coverage in the United States, US Territories, and Canada. If you plan to drive in any other locations you will want to secure the insurance available there.
Are you considering updating your company’s heavy trucks and trailers and, if so, what factors do you use to make these decisions? One thing is certain, there is no right or wrong answer, as a crop farmer’s needs will be completely different than a regional general freight motor carrier. Every trucking operation is unique, and every owner looks for different things in their trade-in cycle. However, we can discuss some common items for you to consider when updating your equipment.
Equipment Specification. Make sure the equipment, whether new or used, fits your operational needs and is spec’d accordingly. Is the engine the correct size, the axles appropriate for weight and gear ratio, the frame the correct length, and the fifth wheel able to be adjusted for your trailers and loads? Depending on the freight you are hauling, is your trailer as universal as possible to meet various load configurations and weights your customers might expect?
What Do You Want to Afford? If you are financing a vehicle, you should ask yourself, “What can I afford?” followed by “What do I want to afford?” Remember, the average term of a truck or trailer loan is 60 months, so you should be sure your income is secure for at least the next 5 years. For example, in the case of a farmer, it must be determined the equipment will be utilized enough to justify the ongoing monthly payments.
Maintenance. The cost of running older equipment is not always limited to mechanical breakdowns and repairs. Unless you have a good maintenance program, CSA violations can also contribute to the cost of operation.
Warranty. Manufacturers are providing some pretty good warranty options on new trucks—many coming standard with 5-year or 500,000-mile warranties. Many larger fleets are buying trucks in bulk, sometimes saving $10,000 to $15,000 per truck. They run these trucks up to 380,000 miles and get a good trade value as they still have 120,000 miles of warranty.
Fuel Economy. Just a decade ago, 5 or 6 miles per gallon was considered good, with some trucks getting 4. Truck technology has changed, and some fleet applications are claiming to see 8 miles per gallon from their fleet.
Driver Satisfaction. Drivers today have a lot of choices—especially professional drivers with years of experience and a clean MVR. What differentiates your company to attract and retain drivers of this caliber? Nice equipment is often thought to be a part of that equation.
Financing. New model trucks are usually easier to finance and often qualify for lower interest rates. The higher cost of buying new when considered with the lower APR can sometimes make more financial sense than buying used. This is important as the standard over-the-road truck is now selling for $140,000 to $150,000, while used equipment commonly runs between $30,000 and $90,000.
Depreciation and Resale Value. Like all new vehicles, trucks and trailers depreciate fairly quickly, so the resale value will drop significantly in the first year. In some circumstances, buying used enables you to recoup your initial investment should you decide to sell the equipment.
Regulations. Are you in trucking for the long term? If so, consider the required CARB regulations when traveling in some states. This can end up costing truckers $16,000 to $18,000 for compliance on a used truck, whereas a new truck is already compliant.
Content provided by Cliff J., trucking insurance specialist at Acuity Insurance. Original blog post can be found here.
For a quote on your trucking operation please contact Beck Insurance Agency at 419-446-2777, or click here.