Author: abraham

A common question we hear all the time from families is whether a life policy can be cashed in before death. Well, the short answer is yes. Most policies have value that can be traded for some amount of cash and other policies are actually even designed to pay out before death. There’s many types of permanent life insurance policies out there that mature at a certain date, providing a payout to the beneficiary and also ending coverage. Now, I also want to mention that whole life insurance policies can be designed to gain value over time which could possibly provide policy holders a really great source of tax free cash. It is a really nice bonus. I might add even term policies that have a set number of years before they expire can often be sold to third parties for some portion of the payout benefit that is provided that the policy is still valid. Of course. So if you want to make an informed decision on which kind of policy structure is best for you and your family, be sure to ask your insurance agent to provide you with options.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

A common misconception is that auto insurance rates are automatically higher for seniors in actuality. Insurers look at various factors when determining rates and age is just one of them. That being said seniors are considered a higher risk group when it comes to driving, which can result in higher rates. Studies have shown that seniors are more likely to be involved in accidents and experience severe injuries in the event of a crash. As a result, insurers typically charge higher rates for older drivers. There are many ways that seniors can offset this increased cost. Many insurers offer discounts for seniors who take defensive driving courses and some also offer lower rates for drivers who limit their mileage. Seniors can keep their auto insurance rates relatively affordable by taking advantage of these discounts.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Life insurance policies typically cover smokers. But because life expectancy is the basis for life insurance rates and smoking can significantly reduce life expectancy. The premiums are usually higher for smokers than for non smokers. Therefore, life insurers factor in the increased risk of mortality associated with smoking when calculating life insurance quotes. However, life insurance companies may refuse to cover someone who has certain medical conditions that are caused or worsened by smoking. Additionally, life insurers will deny coverage if the applicant lies about their tobacco use on the life insurance application. So it’s essential to be completely honest when applying.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Are auto insurance rates negotiable. Well, the short answer is no auto insurance rates are generally not negotiable. However, there is more to this question than my short answer that I just gave you. So in truth, uh what most people want to know is how they can lower their auto insurance rates. Now, while the premiums, a carrier offers aren’t negotiable, there are actually other ways that you can knock that rate down. Auto insurance carriers determine their fees based on this really complex set of variables that include, you know, uh your driving record and um your age where you live. Uh how many miles you drive in a month? Things like that, which means if you want uh lower insurance rates, then there are several things that you can do. Uh for starters, you can drive fewer miles, which might mean, you know, carpooling or taking uh public transportation. And let’s see what else? Um Another great idea that you could do to um lower those rates is to improve your driving record by going to driving school. As a matter of fact, some carriers will encourage you to take a defensive driving class in exchange for lower premiums. I got to say, uh a knowledgeable insurance agent can help you find ways to lower your premiums. So even though rates aren’t directly negotiable, there are definitely plenty of ways to save money on auto insurance.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Business insurance is one of the most important investments a business can make. There are a variety of business insurance policies available and the coverage they provide can vary widely. However, most business insurance policies cover common risks like property damage, liability and employee injuries. Property damage coverage protects your business if your property is damaged or destroyed, this can include damage caused by fire, vandalism, weather or other events, liability coverage protects your business from getting sued for damages or injuries caused by your business operations. On the other hand, employee injury coverage protects your business if an employee is injured while working for you, business insurance helps protect you from financial losses that could result from these risks. Standard business insurance does not cover everything. So many businesses choose to add coverage riders to their policies to protect themselves further. Now, there are many options for business insurance available, but whichever policy you purchase, it is always best to ensure that you have a trusted insurance agent to help you.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Many business owners ask about the expenses that can be deducted from their taxes. One common deduction that business owners can take advantage of is business insurance. If your business expenses are ordinary and necessary, then your business insurance can be deducted from your taxes. This includes premiums for general liability, property damage, workers compensation insurance, and automobile insurance. However, there are certain types of business insurance that cannot be deducted. Premiums for loan protection insurance and a disability insurance policy that covers your lost income are two examples of the types of insurance that usually cannot be deducted. Now, if you have questions about whether or not your business insurance can be deducted, it’s best to speak with your insurance agent. They will be able to give you the most accurate information based on your individual business situation.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

One question that we encounter so often is whether or not a carrier can deny a claim on an auto insurance policy. The answer to this question is absolutely yes, they can. Normally this is due to some sort of misunderstanding or miscommunication, but it can also result from fraud, misunderstandings on auto insurance often involve multiple drivers, um Children of the policy holder or even vehicles that are used for home based businesses. In these cases, it’s important to carefully read your auto insurance policy to make sure that you understand where your coverage begins and then where your coverage ends. Now. Although it is pretty rare, it is a sad fact that there are, you know, fly by night operations out there that are looking to just rip off hard working families. And of course, these insurers should always be avoided. Do your research, make sure that you get the most out of your policy and to fully understand your coverage, you should regularly review your auto policy with an insurance agent that you trust.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Homeowners insurance protects your home from damage caused by perils like fire, wind and theft. But does that coverage also include tree removal? And many homeowners are surprised to learn that their standard insurance policy does not cover the cost of tree removal. In most cases, this type of damage is considered preventable. And as such, it is the homeowner’s responsibility to take steps to protect their property coverage. Depends on a few factors such as the type of tree and the reason for its removal. In general, most homeowners insurance policies will not pay for tree removal unless the tree poses a danger to the home or its occupants. If a tree falls on your house, your insurance policy should cover the cost of having it removed. But if you want to remove a tree because you don’t like the way it looks, you will have to pay for the removal yourself. Be sure to check with your insurance company before having any trees removed from your property.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.