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Business insurance is one of the most important types of insurance. A business can have. There are many types of business insurance and each provides different levels of protection for your business. But is business insurance required by law. The answer is it depends, there are many business insurances that are not mandated by law. However, depending on the type of business you run, some states do require business owners to purchase certain types of insurance. Uh for example, many states require business owners to have workers compensation insurance if they have employees. Other types of business insurance that may be required by law include professional liability insurance, product liability insurance and commercial auto insurance. While business insurance may not be required by law. In all cases, it’s still a very important part of running a business. It can help protect your business from financial losses that can occur as a result of accidents, lawsuits or other unexpected events.

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 long term care life insurance rider or LTC RIDER is a policy added to your life insurance that can provide you with financial assistance. If you need to receive long term care services, it works by using part or all of your death benefit for long term care while you’re alive. An LTC RIDER can help pay for your long term care expenses that traditional health insurance doesn’t cover. However, if you’re considering adding an LTC Rider to your policy, you’ll want to make sure that your life insurance policy is large enough to cover both your death benefit and your long term care expenses. You’ll also want to be sure to read the fine print of your policy so that you understand exactly what’s covered and what’s not adding a long term care life insurance rider to your policy can be a great way to help ensure that you’re prepared for whatever the future may hold. If you think this rider might be right for you, be sure to talk to your insurance agent about your 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.

Many folks we talked to that are looking to secure their financial future, want to know whether annuities are a good investment or if they should be just completely avoided altogether. The answer is that annuities like many investments are not good and they are not bad. They’re just kind of in the middle. So whether they are right for you or not, depends on your financial situation. All annuities work in essentially the same way you pay a large amount of cash upfront and then you receive a fixed stream of come over time. Now, if you’re thinking ahead about retirement, then a fixed income annuity that supplements Social Security might be really attractive to you uh for people who want to be a little bit more speculative, um annuities might seem a little bit too conservative. So as part of a comprehensive portfolio annuities can provide a level of stability that may not be possible with more market based investments, like say uh mutual funds, for example. So before making a final decision on whether or not an annuity is right for you and your family, what I suggest is you set aside some time to speak with your financial advisor. They’re gonna help you out.

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 frequent question from families considering future health care options is whether or not Medicare and Medicaid are the same thing. Well, the short answer is no. Medicare and Medicaid are not the same. However, they’re both systems that provide health care coverage. All right, let me break it down for you. Medicare is a national program funded by tax dollars that serves all Americans over 65 as well as younger individuals with certain disabilities. Medicaid is an assistance program designed to provide health care coverage to low income individuals and families of any age. Now get this. If you’re over 65 and you have a limited income, it’s possible to qualify for both Medicare and Medicaid. But the easiest way to find out whether you qualify for Medicare or Medicaid is to visit the medicare.gov website or speak with your insurance agent.

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.

Every business owner wants to make sure they take advantage of all the tax deductions that they possibly can. And a common question regarding business insurance is whether or not premiums are deductible. Well, to start with, we all know that taxes are a very complicated subject and on any tax matter, it is really important to set aside time to speak with your accountant before making any decisions right now. That said the IRS recognizes insurance as a cost of doing business, which means in most cases, business insurance premiums are going to be tax deductible. However, for small business owners or for home based businesses, I have to say this, it needs to be said that trouble can emerge. If you try to use your business insurance to cover personal risks or personal expenses, you do not want that to happen. So long as your business insurance is used solely to cover risks faced by your business and is not used, you know, to try to cover personal situations, then it should be fully deductible. Now, I will say that in addition to talking to your tax professional, it would also be really wise to speak with a trusted insurance agent before finalizing any business insurance decisions.

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 is a vital element in any homeowner’s life and may help protect your home against various elements such as fires, theft, vandalism, storm damage, and many other occurrences. But don’t worry, our team of experts are here to help protection is our business and we specialize in being great at it. We’ll help you find a plan that best fits you and your loved ones needs, whether you’re a new homeowner and are not sure what kind of protection you need or a long time owner and are interested in learning of new opportunities. Come see us.

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 frequent question regarding investment in annuities is whether or not annuities are protected by the FDIC. So brief history lesson. The Federal deposit Insurance Corporation or FDIC was established by Congress to protect and guarantee some deposits made in the US banks that are FDIC insured up to specific limit. And so the short answer is no, since an annuity is not a bank deposit annuities are not protected by the FDIC. However, annuities are protected by insurance guarantee associations. Now, every state has an insurance guarantee association that protects policyholders if insurance companies go bankrupt and annuities are one of the things that these associations protect. Now, here’s the thing. Every state has specific limitations on the amount of an annuity that can be protected. So, before investing in an annuity, it is best to take the time to discuss your options with your financial planner. So you can understand how well your potential investment will be protected.

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.

Oftentimes homeowners will let their policies lapse either by accident or due to unforeseen financial challenges. Now, when this happens, a common question we hear is whether or not a home insurance policy can be reinstated. Now, in most cases, when a home insurance policy lapses, it’s because the payment was missed. General speaking, bringing your account up to date and paying overdue fees will reinstate the policy. However, if your home insurance policy has lapsed or has been inactive for some time, then your insurance carrier may cancel it and negate all coverage, but most carriers will be happy to reinstate it. Now, before we your policy, it’s best to check in with an insurance agent. You trust to ensure that the details of your policy reflect the best pricing currently available by doing a little extra digging. You may actually find that you can get a discount or an even better rate on your policy. So if your coverage has lapsed for an extended period of time, check in with your agent first.

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.

Anyone who has ever had roof damage knows that it is one of the most harrowing and expensive types of damage that could happen to your home. And you know, because of these just nightmare stories, homeowners need to know whether or not roof damage is covered in a home insurance policy. And so well, it depends uh like most kinds of insurance, a home policy covers the types of damage that are outlined in the paperwork. So make sure that you check the details of your policy and see if you’re covered, read that fine print and if you don’t have roof replacement coverage, then you can typically add it into your policy and you know, not for nothing but because roof damage can be so costly. It’s actually a really smart thing to have. Also keep in mind that depending on what kind of uh roof your home has and how the damage was caused, your coverage can vary. So if you are still unsure of whether or not your roof is protected, the best thing you can do is speak with your insurance agent and let them know that you’re concerned

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.

I cannot tell you how often new home buyers ask whether or not insurance can be included in their closing costs. So as a general rule, yes, it can. But there are a few things you should address since buying a home can be complicated. Plus, you know, juggling the requirements of your lender, uh the title company and the agent can be a complete headache. The best way to start is to ask the company doing your financing, what their insurance requirements are. Some banks want a full year of homeowners insurance and some only want six months. So it varies honestly. Next, you have to find out if you can have your insurance paid out of your escrow account. That way your bank can actually handle the payments for you, which is great. Uh But before you make any final decisions, it is always a good idea to talk to your insurance agent and make sure that everything is set up correctly. Then once your financing is all established, then your homeowners insurance policy will activate and you’ll be covered and then you can focus on enjoying your new happy home.

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.