Personal Insurance
American Insurance's Personal Insurance products provide
our customers with protection for their homes, automobiles
and personal possessions, along with personal liability
coverages.
How we serve you is as important as what we provide. First,
we listen to you... we discuss your needs and answer your
questions. Next, we look at both your short-term and long-term
objectives and help put your insurance and planning needs
in perspective.
American Insurance provides the following types of personal
insurance protection:
Annuities
Annuities are a great way to defer taxes on money you’re
saving for retirement, as well as to provide monthly income
after you retire, for as long as you live.
The main purpose of an annuity is to generate income when
it is needed. If the income is needed immediately, an annuity
can be arranged to start payment immediately. Or, if the
income is needed later, annuity payments can be scheduled
to start at a later time. No matter when the need for income
exists, an annuity can provide income for the duration
of time it is needed. This feature makes annuities popular
retirement funding vehicles.
Both Fixed Annuities and Variable Annuities help you save
for retirement and generate monthly payments once you retire.
Like an insurance policy, an annuity is a contract between
a purchaser and an insurance company.
Auto (Personal)
This coverage has two parts. The first is the liability
section of the policy. It covers your financial responsibility
for injuring others and some coverage is required by most
states.
The second part covers the car itself: comprehensive coverage
reimburses losses from fire, theft or other perils; collision
coverage pays to repair losses caused by an accident. Often
this coverage is mandated by leasing companies or banks.
There are also ancillary medical, car rental and other
coverages which vary by state.
Utilizing high deductibles on the physical damage coverages
can help reduce premiums. If you carry umbrella insurance,
you must be sure that you carry the required amount of
basic liability insurance to avoid a gap in coverage for
a serious accident.
Auto Insurance Quote
Boat / Marine
Boat or Marine insurance is available for small boats,
yachts, high performance powerboats, live-aboard houseboats,
catamarans, or pontoons. Marine insurance will cover intended
use including personal recreation, commercial, or charter
vessels.
Boat policies can cover damage to your boat, motor, trailer,
and personal effects in the boat. Available coverage includes
liability, medical payments, injury to a water skier and
damage to the boat itself, sometime called hull coverage.
Availability varies by state and by insurance company.
Even though boat insurance premiums are low, shopping your
rate can sometimes save a substantial amount.
Condo
Condo insurance provides coverage for your unit where
your condominium associations insurance stops. Your association
typically insures the building and other common areas.
You are responsible for the interior of your unit. Typically
you need personal property and liability coverage. In addition
to coverage for your floors, walls, cabinets and fixtures
that your associations insurance probably will not cover.
Every associations insurance policy is different regarding
what each unit owner is responsible for, so it is important
to review your association policy and condo by-laws carefully.
Flood
Did you know that your homeowners insurance does not
cover flood damage? Insurance against flood must be separately
obtained. A flood insurance policy also reimburses you
for the work that you and other family members did to sandbag
your homes, move furniture and remove debris.
FEMA's maps are important when it comes to flood insurance
because if they show that your home sits in a 100-year
flood plain, you must buy federal flood insurance in order
to get a mortgage. If you live outside a high-risk zone,
or if you no longer have a mortgage, flood insurance is
optional.
Homeowners
If you have tangible assets, you need the protection of
a homeowner’s policy. These policies cover you in
a home or an apartment, whether you are an owner or a renter.
A well-written homeowner's policy will pay to replace any
of your personal property that is destroyed in a fire or
other disaster. The policy will also be your first line
of defense against a lawsuit from someone injured at your
home.
The cost of this coverage is determined by many rating
factors. The quality of the coverage, however, is determined
by the quality of the insurer and whether the policy is
written on a named perils or all-risk basis. A named-perils
policy covers only those losses specifically cited in the
contract. The all-risk policy works the opposite way --
unless a peril is specifically excluded, coverage is provided.
The all-risk policy is broader and the burden of proof
is on the carrier not you in the event of a loss.
Homeowners Insurance
Quote
Individual Health
Individual health insurance programs are designed for
individuals and families who cannot obtain health insurance
through an employer. Due to the continually rising cost
of medical care, it has become more important to provide
health insurance for you and your families. American Insurance
offers health insurance programs to individuals which offer
extensive coverage as well as high-deductible programs
which are designed to protect against catastrophic financial
losses.
As an independent agency, American Insurance can provide
insurance plans from numerous health insurance companies.
With the health insurance market changing frequently, we
are always on the lookout for quality, service-oriented
insurance companies for our clients.
Individual Life
Life insurance from American Insurance can help you secure
your family's financial future by providing the funds they
need to: cover burial expenses, uninsured medical bills,
pay off your mortgage and other outstanding debts, and
maintain a comfortable standard of living.
There are a variety of life insurance policies that we
can provide. The kind of policy you choose depends on your
needs:
Term Life
Term Life Insurance is a low-cost way of providing maximum
coverage for your family. Protection is provided for
a limited number of years. The insurance expires without
value if the insured lives beyond the policy period,
usually 5 to 20 years. Other policy life periods are
available, including 1 year annual renewable term.
Term insurance premiums will not increase during the
guaranteed policy time period (term) you select. Term
Life Insurance pays a death benefit only if you die during
that term. Term insurance generally provides the largest
insurance protection for your premium dollar.
Term Life Insurance remains in force for as long as
premiums are current, provided there are no misrepresentations
on the application. The insurance coverage terminates
if you discontinue your premium payments.
Universal Life
Universal Life is characterized by great flexibility.
Policyholders can determine the amount and frequency
of premium payments - i.e., the more you pay, the less
time you will need to pay. Your premiums cover the insurance
part also the savings or investment element and the expense
part. The stated interest on the investment portion changes
along with movement in interest rates; moves in 1/4 %
interest steps are typical as banks and other financial
institutions make similar moves.
Whole Life
Whole Life Insurance provides permanent protection for
the whole of life - from the date of policy issue to
the date of the insured's death, provided that premiums
are paid. Premiums are set at the time of policy issue
and remain level for the policy's life. Unlike term insurance,
whole life combines insurance protection and savings
or cash value which builds over time. Cash value build-up
may provide a source for living benefits, for example,
helping pay off a mortgage, or a child's education, or
cash surrender value if the policy is ever cancelled.
Other Life Insurance
Other Life Products for estate preservation or survivorship
purposes are also available - i.e. life insurance benefits
to cover federal estate taxes.
These products are continually changing and we can provide
you with the latest information and policies available!
Individual Long-Term Care (LTC)
Long-Term Care is the type of care received either at
home or in a facility, when someone needs assistance with
activities of daily living, such as bathing and dressing
due to an accident, an illness or advancing age.
Rising life expectancy means that the potential need for "long-term
care" grows with every passing year of your life.
The likelihood is that you or a member of your family will
need long-term assistance due to a prolonged illness, a
disability, or general deterioration of your health and
ability to perform routine daily activities. Most long
term care expenses are not covered by Social Security or
Medicare, Medicare Supplement ("Medigap"), or
private health insurance. Medicaid pays for nearly half
of all nursing home care, but you must meet federal poverty
guidelines and may have to "spend down" most
of your assets on health care.
Motorcycles
Whether you’re an enthusiast or a first-timer, having
fun, being responsible and being safe is what it’s
all about. Being responsible includes finding the right
insurance.
Motorcycle insurance is a way of sharing the risks of
driving between you and your insurance company. The way
it works is simple. You pay a set premium to an insurance
company for coverage. In return, the company promises to
pay for specific financial losses that might occur during
the term of the policy.
Most people rely on motorcycle insurance to protect themselves
against loss in case of an accident. In many states, you
must carry basic insurance to cover the cost of losses
you cause to others in an accident. If the unexpected happens,
insurance gives you peace of mind in knowing you are protected.
We have a variety of motorcycle policy options to meet
your needs.
Motor Home
As much as you expend efforts to purchase your dream motor
home, it is important to select appropriate motor home
insurance policy. Legally speaking, you are required to
have a certain minimum amount of coverage when you have
your motor home registered. However, there are many insurance
policies to ensure that your motor home obtains maximum
coverage and protection. It is important to choose a policy
that incorporates the recreational value of your motor
home and does not treat it as another automobile.
Personal Umbrella
You don't have to be a millionaire to be sued like one.
Million-dollar judgments against individuals for negligence
are still relatively rare. However, receiving a lawsuit
with a million-dollar demand is more common. If you receive
such a court summons and you have only $100,000 of coverage,
you may lose a lot of sleep.
Umbrella policies offer inexpensive "peace of mind"
for most types of negligence claims. Automobile accidents
are probably the most common source of serious claims.
This policy supplements your basic automobile liability
with extra million-dollar layers of protection. It also
covers other types of catastrophic claims such as a neighbor's
child drowning in your pool or the delivery man being seriously
injured by falling over your child's toys.
Personal Watercraft
Personal watercraft, such as jet skis
and wave runners are often our customer's first step into
the boating world. Personal watercraft are extremely invigorating
and fun for water lovers of all ages; however, they are
not toys. Whether you are a first time boater or experienced
captain, it is important that you have proper coverage
for these vessels. American Insurance has specific policies
that are geared specifically for your personal watercraft.
Likewise, because of our expertise in this area we also
have the ability to provide commercial marine insurance
for companies that rent personal watercraft.
Renters
As a renter, you need to protect your personal property
against theft and damage. Our renters insurance is hard
to beat for convenience and value. Plus, we'll assure you
the peace of mind you need for your valuable items and
electronics.
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