Shopping for insurance can be challenging. You may not know what sort of coverage you need or how to secure a budget-friendly policy. That’s where an insurance company comes in. But before settling on a provider, brief yourself with the sections below on what to ask them.
When in Search of an Insurance Company, Ask These 5 Questions
1. Can I Receive a Discount on Home Insurance?
If you’re in search of a home insurance policy, you’re probably looking for methods of cutting costs. Buyers can earn discounts in some cases, such as by installing safety systems like smoke alarms and dead bolts. You can also opt for a higher deductible in favor of lower monthly payments.
2. How Much Auto Coverage Do I Need?
In New York, a minimum amount of liability coverage is necessary. This entails having $25,000 to cover physical injury for a single person, $50,000 for two or more people, and $10,000 to cover any property damage. You’re also required to have no-fault protection up to $50,000, which takes care of lost wages.
3. Who Needs Life Insurance?
Most people can use a life insurance policy. If you have dependents, are a business owner, or are married, having protections in place is recommended. Life insurance can also cover end-of-life health care and funeral costs.
4. Which Prescription Drugs Does My Health Insurance Cover?
If you take one or more prescription drugs, it’s important to ask an insurance agent whether they’re covered by a specific policy. Paying out-of-pocket for medication can become expensive, especially for any long-term or chronic conditions.
5. Will I Need Long-Term Insurance Coverage?
It’s often necessary for seniors to seek out nursing homes and assisted living facilities for an advanced level of care. This type of long-term care can be extremely costly and isn’t covered by Medicare or conventional health insurance policies. A long-term care policy will encompass a portion of the cost required to secure placement in a well-suited nursing home.
In West Salem, WI, American Liberty Insurance Agency provides clients with a wide range of insurance products, from policies for your home to cars and other vehicles as well. If you’d like to speak with an agent today about your coverage needs, call them at (608) 786-3355. You can also visit the insurance company’s website for a complete list of their available services.