Massachusetts Auto Policy, Part 1: Bodily Injury to Others

Massachusetts Auto Insurance

A concerned client reviewed his auto insurance policy and emailed me:

Hi Kevin,
Do you suggest we up our “Bodily Injury to Others” amount?
If so, what do you suggest and can you run some numbers?
Thanks!

Reviewing his policy – Part 1, Bodily Injury to Others, is at $25,000 per person/$50,000 per accident. His part 5, Optional Bodily Injury to Others, is at $250,000 per person/$500,000 per accident.

I understand his concern and explained:

Hi Client,

Thanks for the email.

Part 1, Bodily Injury to Others, is a compulsory $25,000 per person/$50,000 per accident and cannot be removed, lowered or increased.

Part 5, Optional Bodily Injury to Others, is the coverage you should be concerned about. This is your lawsuit coverage if you injure someone in an accident. In addition to the limits, insurance companies pay legal defense.

Your Part 5, Optional Bodily Injury to Others, limits are $250,000 per person/$500,000 per accident. These are very good limits and they’re the underlying requirements for personal liability umbrella coverage.

To improve your lawsuit protection coverage, we recommend you consider a Personal Liability Umbrella Policy.

Coverage starts at $1,000,000 and these limits sit over your auto & home liability limits.

Umbrella limits stack on top of auto limits which, in essence, would improve your Part 5 limits to $1,000,000 + the auto’s $250,000 per person/$500,000 per accident limits.

A $1,000,000 Umbrella, sitting over 2 autos and a home, would cost you about $290 annually.

Please call or email with any questions or to discuss.

Thanks,

Kevin Johnson

 

Who is term life insurance for?

Who is term life insurance for?
Who is term life insurance for?
  • Parents with kids.
  • People with a mortgage.
  • People concerned about the well-being of their surviving spouse.
  • People worried about burdening their loved ones with burial expenses.
  • People with debt.
  • Protecting family’s income.
  • Leaving a legacy to children or grandchildren.
  • Donating to a charity,
  • Planning for a special needs situation.

A life insurance policy is a big commitment and it’s important to know who you do business with. Do your research before making the decision. Look at company financial ratings.

Life insurance is a crucial part of financial planning no matter your stage of life.

An up to date, sensible policy can keep your family from financial disaster if you die, but deciding which type is best for your life situation can be tricky. Both whole and term life insurance policies allow you to lock in the same monthly payment over the life of a policy (at your choosing), with a lump sum to be paid to the beneficiary upon death. But whole life insurance policies also come with stock, bond and money market investments, and some tax advantages.

Life insurance policies get more expensive as we age, and those over age 50 should keep close track of when their policies expire, advises Scott Page, CEO of life settlement provider Lifeline.

You should reevaluate your policy every few years to make sure it still fits your lifestyle. For instance, a spousal death or divorce changes the need for protection, and grown children may lessen the need for insurance coverage, according to Page.

Experts say there are often better ways to invest funds than in expensive, whole life insurance policies, and that a term life insurance policy tends to make the most financial sense if:

 

Buying life insurance online

Buying life insurance online

Buying life insurance online has never been easier or more competitively priced.

The process for finding, applying and buying term life insurance online starts here at MassQuotes.

  1. Shop Rates & Request Application. Start by visiting our life insurance calculator  to figure out the amount of coverage you need. Then get rates from us from multiple, leading life insurance carriers. Once you find a policy that is right for you, request an application, complete telephone interview.
  2. Application. Complete your telephone life insurance application.
  3. Medical Exam. Complete a brief medical exam to confirm your health. The exam is done with an examiner who is paid for by the insurance company or licensed insurance professional and can be completed at your home, office, or the examiner’s office during a time that’s convenient for you.
  4. Review. Wait for your insurance company to review your application and medical information to confirm qualification and rate. This review typically takes 2-8 weeks, depending on your insurance company.
  5. Approval. Once the insurance company has approved your application, your policy will be delivered to you, along with any additional requirements needed, in order to activate your coverage.
  6. Free-Look Period. Most policies offer a Free-Look period.

MassQuotes makes buying life insurance online easy. Compare term life insurance rates at no cost from top-rated companies in seconds.

At MassQuotes you will figure out the amount of coverage that’s right for you, at a price you can afford.

In conclusion, buying life insurance online at MassQuotes is easy.

Simple. Term Life Insurance.

The Best Gift Money Can Buy

The Best Gift Money Can Buy

The best gift money can buy.

Term Life Insurance might be the most generous, least selfish gift a person can leave their surviving loved ones. In other words: it’s the best gift money can buy.

Life insurance isn’t for the person that dies, it’s for the people that live.

Life Insurance can be a great solution for financial responsibilities such as: family protection, consumer debt, dependent care, education, funeral costs and mortgages.

Nobody wants to talk about life insurance and, with MassQuotes, you don’t have to. Sit back, learn about life insurance, calculate your life insurance needs, rate different terms, with different face amounts, and find the policy that best suits you.

Term life insurance rates are extremely low right now. Obviously, the younger and healthier you are, the lower life insurance rates are. Let’s face it, term life insurance just might be: the best gift money can buy.

Term life insurance offers the largest face value for the lowest premium.

If you have a term life insurance policy already in effect, you may want to re-apply.

If you can get in a more preferred category, extend your policy term, and pay less money, then it may be worth the effort (application & medical exam etc.) to re-apply.

Please call or click to get a term life insurance quote or to discuss.

Term Life Insurance

Term Life Insurance

Term life insurance rates are so low right now that, if you can get in a more preferred category, extend your policy term, and pay less money, then it may be worth the effort (application & medical exam etc.) to re-apply.

If you have a policy, you might want to get a quote.

(Then you may want to re-apply.)

Extend your term, lower your premium.

If you don’t have a term life policy, then you definitely want to get a quote!

Take a moment. Talk to anyone, talk to everyone.

You’ll find: term life insurance is the way to go.

Term life gives you the most “bang for your buck.” The most coverage for the least expense.

Term life insurance can be a great solution for family protection, as well as other things.

Call or click to discuss.

 

Notes from the Claims Desk

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Presented by Safety Insurance:

The winter of 2015 produced record snow fall and extremely cold temperatures. This combination resulted in a catastrophic number of ice dam claims. With winter weather quickly approaching, now is a good time to prepare our homes and businesses to minimize winter weather threats. Taking a few preventative measures now will help your policyholders get through the upcoming winter.

Ice Dams

What is an ice dam? An ice dam is an accumulation of ice at the lower edge of a sloped roof, usually at the gutter. When interior heat melts the snow on the roof, the water will run down and refreeze at the roof’s edge, where temperatures are much cooler. Eventually, the ice builds up and blocks water from draining off of the roof. This, in turn, forces the water under the roof covering and into the attic or down the inside walls of the house or other structure. Once an ice dam forms, the potential damage can be serious. Taking the following steps will decrease the likelihood that ice dams will form or, at least, will reduce their severity.

• Keep the attic well ventilated. The colder the attic, the less melting and refreezing on the roof.
• Keep the attic floor well insulated to minimize the amount of heat rising through the attic from within the house.
• If heavy snow does accumulate on the roof, have the snow removed from the outer edge.

Frozen Pipes

Frozen water in pipes can cause water pressure buildup, which eventually will lead to pipes bursting at their weakest point, causing water damage to your home or business.

To keep water in pipes from freezing, take the following precautions:

• Keep the temperature in your home or business above 65 degrees at all times.
• Fit exposed pipes with insulation sleeves or wrapping to slow the heat transfer.
• Seal cracks and holes in outside walls and foundations near water pipes with caulking.
• Keep cabinet doors open during cold spells to allow warm air to circulate around pipes, particularly in the kitchen and bathroom.

Heating

Heating equipment is one of the leading causes of house fires. With a few simple safety tips you can prevent most heating fires from occurring.

• Have your furnace and oil tank serviced annually.
• Have your wood stove inspected before seasonal use.
• Keep the area around your heating system clear of debris and flammable materials.
• Turn portable heaters off when you leave the room or go to sleep.
• Install smoke and carbon dioxide detectors in your home and check the batteries twice a year.

Candles

An open flame easily can ignite anything that can burn. The following precautions will help prevent candle fires.

• Do not leave lit candles unattended.
• Have a flashlight ready during a power outage; never use a candle.
• Keep candles at least 12 inches from any flammable materials.
• Place candles in a holder on a sturdy uncluttered surface.

MassQuotes Advantage

MassQuotes Advantage

At Massquotes.com, we utilize Independent Insurance Agents to provide quotes from numerous companies for auto, home, & term life insurance. Our Agents offer the best service and the best rates with the best companies. We quote insurance only in the State of Massachusetts and welcome inquiries from Independent Agencies. Our Agents provide Registry service as well as coverage advice.

Competitive Auto Rates Are Here!

At Massquotes.com we will rate your insurance with, at least, seven different companies. We utilize Professional, Independent Insurance Agents that will assist you in finding the best rates, the best insurance programs, with the best insurance companies that do business in Massachusetts.

We utilize Independent, Professional Insurance Agencies that will assist you in finding the best rates, the best insurance programs, with the best insurance companies that do business in Massachusetts.

Massachusetts Registry of Motor Vehicles Online Services

MA RMV

The Long Massachusetts Winter

Mass Quotes The Long Massachusetts Winter

It sounds like an Updike novel or Thoreau pondering but instead is what it’s been as evidenced by the date of our last Massachusetts insurance web log update.

Tonight there’s snow in the forecast. The local news meteorologist looks like he’s losing his mind. He needs a haircut. A new suit, and maybe a sandwich.

In fact, he looks alot like your local independent insurance agent.

It’s been a long winter.

Still, just like the Easter Bunny came last week, regardless of the shady snowbanks, and there is reason to have hope.

With that in mind let’s remind our faithful readers:

Massquotes rates your insurance with, at least, seven different companies. We utilize Professional, Independent Insurance Agents that will assist you in finding the best rates, the best insurance programs, with the best insurance companies that do business in Massachusetts.

We utilize Independent, Professional Insurance Agencies that will assist you in finding the best rates, the best insurance programs, with the best insurance companies that do business in Massachusetts.

Call or click us today …

You might be glad you did.

MA Life Insurance

MA life insurance

Do you have a Massachusetts term life insurance policy already in effect?

If so, you may want to re-apply.

Term life insurance rates are extremely low right now.

If you can get in a more preferred category, extend your policy term, and pay less money, then it may be worth the effort (application & medical exam etc.) to re-apply.

Please call or click us to discuss.