Is There More Than One Kind Of Life Insurance?

The primary role of life insurance is to offer “replacement income” when you die. This means your dependents can use your life insurance proceeds to meet their financial obligations, settle debts, pay your funeral expenses, etc. While the overall objective of life insurance is clear, you will learn that there are several life insurance policies to help you meet different needs.

Here are different types of life insurance policies. If you want to know the kind that suits you, don’t hesitate to contact or visit Perry Insurance Agency for personalized advice. All types of life insurance fall under two categories:

  • Term life insurance: This insurance plan covers you for a predetermined period, typically between 5 and 30 years. Protection ends once the period lapses, and you don’t get any compensation despite years of premium contributions. You may renew the policy, but it will be more expensive since you are now older. If your health has deteriorated, expect to renew your policy at higher premiums.
  • Whole life insurance: This policy covers you for a lifetime. This coverage also accumulates a cash value that you can borrow against or use to supplement your retirement income.

You may ask whether you can have more than one type of life insurance policy. The simple answer is yes. As your life changes, you may realize that one type doesn’t cover you optimally. Nothing should stop you from buying an additional policy to cover your changing life insurance needs.

Life insurance in Vernal, UT 

Life insurance can be a complicated topic, but this doesn’t have to be the case if you partner with a knowledgeable insurance agent like Perry Insurance Agency. If you want to know the type of life insurance suitable for you, please contact us today.

Will renters insurance policy cover my pets?

A renters insurance policy protects renters living in an apartment or house. A standard renters insurance policy has three types of coverage to protect you, your personal belongings, and living arrangements after a disaster. The renter’s insurance is also commonly known as the tenants’ insurance. Do you need a renters insurance policy? Please speak to Perry Insurance Agency in Vernal, UT, for a customized policy suitable for you!

Will the renters insurance policy cover my pets?

The renter’s insurance policy will only cover pet damage if it is included in your liability coverage. This is not outright, and you need to inform our agents about your pet to have this included in your policy.

If you have a lawsuit for damages and injuries caused by your pet, Perry Insurance Agency will help pay for the medical expenses and damages up to a specific limit set in the policy documents. These include accidents that happen within your premises or outside your premises.

How will my renter’s insurance cover pet liability? 

The pet liability coverage in Vernal, UT is divided into two parts.

Bodily injury liability

Renters insurance policy will cover for injuries caused by your pet on anyone in your household, including your family members.

  • Property damage liability

The renter’s insurance policy will pay for damage caused to some else property.

How do I add a pet to my renter’s insurance policy?

To add a pet to your renter’s insurance policy, you will be required to provide information on the type of pet you keep, its breed, and size. Most renters insurance companies cover household pets such as dogs and cats. There are exemptions to some of these animals, especially if they are aggressive.

How much will I pay for renters insurance with pet liability included?

Pets coverage is included within the base premium for most renters insurance companies. This may vary, and you need to discuss this with the insurance agents.

Get your pets protected under a renters insurance policy by speaking to Perry Insurance Agency in Vernal, UT. Please do not hesitate to visit our website for more information!

Does Your Commercial Insurance Cover Your Vehicles?

Do you own vehicles for your Vernal, UT company and aren’t sure if you need to protect them with special insurance? Of course, you do: commercial auto insurance that you can add to your standard commercial insurance policy. Let us at Perry Insurance Agency explain this issue to you.

What is Commercial Auto Insurance? 

Commercial auto insurance helps to protect any vehicles used for business purposes. It can cover box trucks, delivery vehicles, work vans, service trucks, and much more. These policies help protect you from a myriad range of different issues.

Your Policy Covers Many Things 

When you buy a commercial auto insurance policy, you protect many aspects of your business. These elements all vary according to your financial situation and the scope of your policy. Just a few of the most common coverage options here include:

  • Property Damage – If one of your delivery vehicles damages property (including another car) while on the job, your policy will pay for the repairs or replacement of these items. 
  • Bodily Injury – Did your delivery driver cause an accident that hurt somebody else? If so, your insurance policy can help to pay for their medical treatment and lawsuits. 
  • Medical Payments – When your driver is injured in an accident (regardless of who was to blame), your policy is likely to cover many of their payment needs. 
  • Other Coverage Options – Combined single-limit, uninsured motorist, comprehensive physical damage, and collision coverage can all help to keep your facility safe from loss.

Protect Your Company’s Vehicles

If you own a company in Vernal, UT, and want to keep your vehicles safe, contact us at Perry Insurance Agency to learn more. Our team will work with you to determine what kind of protection makes the most sense for your needs. 

Must-have Commercial Insurance Coverages

While you are busy building your business, things like commercial insurance may fall by the wayside, putting your business in further jeopardy. But however busy you are, you need to pause for a moment and think about commercial insurance. Why? Business insurance cushions your business financially when the unexpected occurs.

While there are numerous commercial insurance coverages to consider, there are those you must buy regardless of the nature or size of your business. According to Perry Insurance Agency in Vernal UT, here are the must-have commercial insurance coverages.

Worker’s comp insurance

Although this coverage is mandatory in Utah, this isn’t the only reason to invest in it. Worker’s comp insurance protects your workers, resulting in improved productivity and reduced financial losses. This coverage protects you from lawsuits and cushions your employees against illnesses and work-related injuries.

Commercial auto insurance

If you own business vehicles, you need to invest in commercial auto insurance to ensure that your car and driver are protected when accidents happen.

General business liability

While this coverage isn’t compulsory in Utah, every business should invest in it. Because businesses are constantly exposed to liabilities, you must invest in liability coverage to cushion your business from financial losses.

Liability coverage protects your business against bodily injury, property damage, and advertising injury you may be accused by third parties.

Commercial property insurance

Your business operations run smoothly because of assets like IT equipment, buildings, furniture, and so forth. With this in mind, you should protect your assets with business insurance to ensure that your business operations run uninterrupted.

Cyber liability insurance

With the rise of technology, there is an upsurge in malicious online activities targeting businesses. For this reason, you should invest in cyber liability insurance to help you move on when you face the threat of hacking.

Invest in business insurance today!

Ready to protect your Vernal, UT with commercial insurance? Please get in touch with Perry Insurance Agency for an affordable quote.

Is Renters Insurance Required in Utah?

There are no state or federal laws mandating renters insurance in Utah. However, it is always a good idea to have this coverage as it will protect you from losses and liability costs. Additionally, many landlords in Utah will require renters insurance as part of their application process. That would be the only event where renters insurance is required in Utah.

At Perry Insurance Agency, we want Vernal, UT renters to be protected from all losses and liability costs.

What is Covered Under Renters Insurance?

Utah renters insurance covers contents, property damage, and liabilities. If there is any damage to the inside of your home or your contents, your renter’s insurance will cover that. 

Any damage or liability that happens outside your apartment, home, or unit, will be covered by your landlord’s insurance policy.

Contents Coverage

Contents coverage is insurance that can replace your belongings and property in the event of damage or theft. This includes everything in your home.
 
Many renters think they can replace content easily, but they don’t realize the value their content actually has. Take an inventory to determine what you have. Your contents coverage can cover this if something happens in your home.

Living Expenses

When you have renters insurance, you can get living expenses covered in the event that something happens to your unit for a certain amount of time. If there were a flood or fire, and you needed to evacuate, you could have your accommodations elsewhere paid for.

Liabilities

As a renter, if someone is in your home and an accident happens, you are responsible for their safety. If there is an injury, they have cause to sue or ask you to pay for the damages.

Renters insurance will cover those liabilities for you.

Get a Quote

When you have renters insurance in Utah, you will have more peace of mind as a renter. At Perry Insurance Agency in Vernal, UT we can help you find that peace of mind. Call us for a quote today.

3 Important Things You Need to Know About RV Insurance

RV insurance protects different types of trailers and their contents against damage and theft. Choosing the right coverage for your RV is a step to protect your investments. Perry Insurance Agency helps residents of Vernal, UT find a plan that protects their investments against the uncertainties of the future.

Some of the most important things you need to know about RV insurance are;

Costs

The average costs for insuring recreational vehicles are highly dependent on the provider, the type of RV, garaging location, driving history, usage, and the specific policy. An RV is a vital physical asset that needs protection with the right insurance. Vandalism, theft, fires, and damage losses are avoided by getting sufficient coverage limits and choosing viable deductible amounts. If you are a full-time RV driver, your insurance rates will be higher than those using theirs occasionally.

Coverage

There are different types of coverage for recreational vehicles and campers; full-time and part-time insurance policies. People living in their RVs need full-time coverage, which combines aspects of both homeowner’s insurance and auto insurance policies. If you use your RV occasionally, recreational or part-time coverage is best. Depending on the RV’s purpose, you can choose the standard RV coverage for collision insurance, comprehensive insurance, medical payment plans, and personal property coverage. The optional coverage offers more specialized option types for RVs such as residential liability, and personal attachments plans.

Necessity

If you own a driveable RV, it’s mandatory to get it a minimum coverage, depending on the state laws. As much as it isn’t a legal requirement for travel and tent trailers to be insured, an RV is an investment, and it needs protection as vehicles and homes. Motorhomes in Vernal, Utah, are legally required to be insured.

Different states have RV insurance policies to protect recreational vehicles and the owners from any financial responsibilities in the event of theft, fire, or vandalism. Contact Perry Insurance Agency serving Vernal, UT to get advice on the policy that best fits your needs.

Finding the Best Motorcycle Insurance Policy in Vernal, UT

If you ride a motorcycle, you know the importance of insuring your bike in the event of damage due to a collision or mishap. Repairing the damage from a motorcycle collision can be very expensive. You don’t want to get caught having to cover this from your own pocket. Plus, there are requirements that carry a penalty for violation.

Is Motorcycle Insurance Required in Utah?

Yes. Motorcycle insurance is required in the state of Utah. Like auto insurance, you need to cover the minimum requirements of liability to others on the road in the vent of a collision, as well as liability for property damage. Penalties for failure to cover the basic requirements can range from a fine to time in prison.

About Perry Insurance Agency

In Vernal UT, you can visit the insurance professionals at Perry Insurance Agency to find out how to get your motorcycle insured. They have been serving the Vernal, UT area for many years and they know how important it is to protect your most loved assets and properties.

Medical Expenses and Injuries

In addition to protecting your property, you also need to make sure and cover the possibility of medical expenses, injuries, and even liability to others who might also be involved in the accident. This can be quite costly. 

To make sure you’re covered for both the mandatory insurance requirements and the other coverage amounts you will need to protect your investment, visit with Perry Insurance Agency to discuss your options.

Why do boat owners need to have boat insurance in Utah?

During the summer months of the year, Vernal, UT can be a great place to live. The city and surrounding areas are full of lakes and other waterways that are a lot of fun to enjoy. To maximize your experience in this area, owning a boat can be a great idea. As you are looking to purchase a boat here, getting the right insurance plan is also important. You will need to have insurance for your boat for a few reasons.

Coverage is a Requirement

A common reason that people in this part of Utah will need to get boat insurance is so they can comply with insurance requirements. There tend to be various requirements set for boat owners. If you have a loan or use certain marinas or waterways in the area, you could be required to carry a full insurance plan to comply with the requirements. 

Receive Valued Coverage

Boat owners that are in this area should also get coverage simply due to the valuable protection it provides. A boat insurance plan is designed to protect a boat against a variety of risks, which include theft, vandalism, or accident damage. Further, the boat insurance plan will provide additional coverage to mitigate liability risk. This will be helpful if you are at fault in any type of accident. 

Anyone that is shopping for a new boat insurance plan in the Vernal, UT area will find there are a lot of options to consider. A great way to pick the ideal plan for your situation is by calling the Perry Insurance Agency. If you do speak with the Perry Insurance Agency you can learn a lot about your different insurance options. They can then help you choose a plan that provides ideal coverage for your situation. 

Why should people in Vernal get umbrella insurance?

People that live in the Vernal, UT area are going to have several insurance needs. Many of these are designed to offer some liability risk protection. Those that would maximize their liability risk coverage should get an umbrella insurance plan. There are a variety of reasons why people that are in this area of Utah should always get an umbrella insurance plan. 

Coverage For Major Accidents

A reason that people should get umbrella coverage is so they can have protection against major claims. If you have home or auto insurance plans, you are going to have some liability protection up to your policy levels. While this can be good coverage, there is always a chance your accident damage could exceed these levels. In these situations, having umbrella insurance is helpful as the liability protection will be on top of your existing plans. 

Coverage for More Situations

You should also get an umbrella insurance plan as it can cover more situations. While home and auto plans offer good coverage that will mitigate a lot of risks, there are always situations that could occur that are not covered by these plans. With an umbrella plan, you are going to receive more blanket coverage for situations that are not included under your other insurance plans. 

An umbrella insurance plan in the Vernal, UT area is a great investment for many people. If you would like to protect yourself with an umbrella insurance plan, it would be a good idea to call the Perry Insurance Agency. When you speak with the team at the Perry Insurance Agency you can learn a lot about the ways that it can protect you. This can ensure that you always have the right liability protection in place, which will offer comfort and peace of mind. 

How Much Life Insurance Do I Need?

Life insurance is a great way to ensure that your dependents have something to fall back on in the unfortunate occurrence of your demise. It is basically an agreement between you and the insurance agency that if you die within the policy’s validity, they will pay an agreed sum to your beneficiaries.

Although life insurance is not a legal requirement in Vernal, UT, many consider it a good backup plan for their loved ones. The growing number of insurance agencies, including Behling-Perry Insurance Agency, that offer life insurance, indicates that the policy is gaining popularity.

Who Needs Life Insurance?

Although a life insurance policy is helpful for everyone, let’s look at the list of people who need it the most:

  • Married pensioners: Instead of choosing a pension plan that benefits spouses, pensioners can take their entire pension and invest in a life insurance policy.
  • Young adults with private student loan debts: While most young adults don’t see the need for life insurance because they don’t have dependents, sometimes they might have personal obligations that impact their parents if they die. 
  • Young adults who want to take advantage of low rates: Life insurance covers are exceptionally generous to young and healthy adults. At these young ages, the premiums are very low, and once they start paying, the rates are locked. This means that they will continue to pay these low premiums even in old age.
  • Parents of special needs children: Parents with special needs children who will require lifelong care can use life insurance to make sure it continues to happen even in their absence.

How Much Life Insurance You Need?

Before applying for a life insurance policy, you should evaluate your financial situation and find out how much money your beneficiaries would require to sustain the lifestyle they have now in your absence. Add up the sum for the number of years you’d like them to benefit from the policy and then factor inflation in.

Getting the right insurance policy might be an uphill task. Therefore, you should feel free to ask for assistance from insurance experts at Behling-Perry Insurance Agency in Vernal, UT.