What Types of Life Insurance are Available?

Life insurance is more important than many people may think it is since it provides financial security for you and your family in the event of your death. It is especially important if you are the main income earner of your household since your income will no longer be available if you suddenly pass away.

Even if you have a life insurance policy for your employer, you will more than likely need more coverage than that type of policy normally provides. Life insurance will give you a sense of peace in knowing that your loved ones are taken care of no matter what the future holds. The staff at the Commerce Insurance Agency in Commerce, GA is explaining each of the types of life insurance policies that are available to help you decide which one is the best type of policy for you and your particular situation,

Types of Life Insurance Policies

There are many types of life insurance policies available and below is a detailed list of the three most popular types of policies.

Term Life Insurance Policies

A term life insurance policy only pays out if the person who initiated the policy passes away during the term that it is in effect. You can obtain this type of policy for one year or up to 40 or 50 years but once the term expires, there is no more coverage, and you will have to start a new policy. It may cost more in premiums when you start a new policy than the premium you were paying with your initial policy.

Universal Life Insurance Coverage

A universal life insurance policy is the most common one of the three types since it comes with a savings account type of option. This means you can actually borrow money from this policy while it is in effect which means you can pay off debts while you are still alive. This will provide peace of mind for you and your family since you can pay off the mortgage on your home ahead of time or pay off other debts that will lessen the amount of stress your loved ones will experience when you pass away.

Whole Life Insurance

A whole life insurance policy is also known as a permanent life insurance policy. It will pay out a death benefit when you pass away and you get to choose from the three major types of whole insurance policies, including variable universal, universal life, or traditional whole life.

To choose the best life insurance policy for you and your family, you can enlist the assistance of the insurance agents at the Commerce Insurance Agency in Commerce, GA. Call for an appointment today!

What Are The Risks of Not Having Home Insurance?

If you own a home, you have to deal with a lot of costs. Your utilities, homeowners association fees, property taxes, mortgage payments and mortgage insurance, repair and maintenance costs, and others. Therefore, when it comes to home insurance, many people ask themselves: "Do I really need it? What are the risks of not carrying home insurance?" In order to help you answer these questions, Commerce Insurance Agency serving clients in Commerce, GA prepared a list of risks you may face if you decide to skip home insurance: 

It May Be Too Expensive To Fix Your Home

Natural disasters are very common, and they often damage or destroy houses. If you have insurance, you have nothing to worry about because it will cover all the repairs. However, without insurance, you will have to repair or rebuild your home yourself, which could be very expensive. 

Someone Can Get Hurt On Your Property And Sue You

If your neighbor or guest gets hurt on your property while visiting you, they may sue you for everything you are worth, including your house. As a result, you may face litigation fees and pay for their medical bills. 

You May Lose Your Possessions To Burglary

Someone can break into your home and steal your personal belongings. Unfortunately, this type of crime occurs more often than you think. If you do not have home insurance, or you canceled it, your loss will not be covered, and you will have to cover the cost of replacing stolen items yourself. 

If you are shopping for home insurance in Commerce, GA and you are looking for a reliable insurance agency, Commerce Insurance Agency is exactly what you need. We will provide you with the information you need and help you find the insurance policy you deserve. Feel free to visit our website or call us anytime for more information. 

Georgia Auto Insurance: How to Prevent Car Theft

It is estimated that almost one million vehicles will be stolen in the United States every year. While Georgia residents might not be thinking of their car getting stolen every day, their insurance companies are. When you take the steps to prevent your vehicle from being stolen, you reduce your risk of becoming a victim of car theft.

You also might reduce your premiums with your Georgia auto insurance company. 

At Commerce Insurance Agency, we want Commerce, GA drivers to be protected from car theft, and covered in the event it should happen to them. If your car gets stolen it is not your fault. Take these steps to minimize that possibility.

Lock Your Car

It makes common sense, but not everybody remembers to do this. Locking your car keeps the thieves one step further away from taking it from you. 

Car alarms today are effective deterrents, and these can be triggered when a thief tries to get in your car. Keep your car locked and windows closed to deter theft.

Keep Valuables in the House

One of the first things that thieves look for when they are stealing a car is the valuables inside. Don’t keep expensive things in your car.

It’s tempting to leave a GPS device in the car until you need it again, or forget an iPad overnight. In this day and age, it’s easy to forget anything in the car.

Get into the habit of remembering to clear out the car every time.

Park in Well-Lit Area

Park in a place where someone is more likely to get spotted if they are trying to steal your car. Put your car under a streetlight or motion sensor so that your car is lit should anybody come.

Parking in line with a security camera will also be effective.

Get a Quote

When you are purchasing Georgia auto insurance, Commerce Insurance Agency is there to help Commerce, GA drivers get the most thorough coverage that protects you in the event of a crime.  We can help you get the comprehensive insurance you need to be covered. Call us for a quote today.

How Your Boat Insurance Can Protect You During Professional Races

At Commerce Insurance Agency serving Commerce, GA, many of our customers attempt to purchase boat insurance policies that will cover their professional races. But is this even possible? Yes, but you must understand that standard boating insurance is not designed for this purpose. Instead, it would help if you upgraded your policy for the best coverage.

Your Boat Insurance Policy Varies for Races 

A standard boat insurance policy often does not include coverage for races because these plans are designed to cover more general-use situations. However, that doesn’t mean that you can’t get protection for your boat. Instead, you may have to upgrade your boat policy to a competition-based insurance option. 

These options are designed specifically for professional racers and will cover damage, liability claims, and other issues. You can easily find a boat insurance option to meet this need by talking to the right insurance company. Upgrading in this way will ensure that you are fully protected financially. 

As for amateur races, no insurance policy would ever cover your boat in this situation. That’s because amateurs lack the training and skill necessary to race safely. It is simply too big of a risk for an insurer, meaning that you may even end up invalidating your policy if you get into a severe crash during a race.

Policies Can Help Protect You

As you can see, finding an excellent boat insurance policy for races will require a little work. It would be best if you talked to us at Commerce Insurance Agency to find an option that makes sense for your needs. Our team fully understands the difficulties inherent in finding an excellent policy and will strive to help you. We serve the Commerce, GA area and beyond and look forward to helping you cover your boat.

Benefits of Home Insurance

Most people consider home insurance an option, yet it should be seen as a necessity in reality. Insuring your home gives you peace of mind and saves you cash in the long run. Each homeowner should consider getting home insurance as it gives you protection from the unexpected. As explained by Commerce Insurance Agency of Commerce, GA, here are a few benefits of home insurance.

The Cover is Not Just For The House

An extensive policy protects more than your building. It also covers additional structures in your compound, including the garage, deck, shed, and fence. Additionally, if you opt for add-ons, your policy can protect your home contents, including electronics, furniture, and other valuable appliances.

Provides Replacement for a Loss

Home insurance comes with financial security, including the added advantage of replacing items you have insured. That means when you are robbed, or your home catches fire, you do not have to worry as the insurance company will help replace the items you have lost.

Protects you From Disasters

Natural disasters like floods and wildfires can be a nightmare. And the last thing you want is bearing the expense of rebuilding a damaged home. Apart from the emotional burden of losing your home, you do not want to worry about where your loved ones will go after a disaster strike. A detailed plan can offer you cover against calamities like earthquakes, landslides, and floods.

Offers Protection from Lawsuits

You can protect yourself and your loved ones from a lawsuit. In the event that someone comes to your home and gets injured or their property gets damaged, and they choose to sue you for damages, home insurance helps cover the resulting legal fees.

Peace Of Mind

With home insurance, you can enjoy peace of mind knowing that if any harm falls to your home, you are covered, and you will not suffer a significant financial loss.

To enjoy the benefits of home insurance, residents of Commerce, GA can contact Commerce Insurance Agency, where we can help you pick a policy that meets your needs.

4 Overlooked Auto Insurance Facts

Commerce Insurance Agency helps Commerce, GA residents find coverage. We help our clients evaluate their options so that they can find the coverage they need. We work with multiple carriers throughout the South. This allows us to offer flexible policies.

Overlooked Auto Insurance Facts

Auto insurance covers your vehicle and helps you stay protected while you’re out on the road in Commerce, GA. Liability coverage protects you if your vehicle causes damage to another vehicle or object. If you hit someone or your passenger is injured, bodily injury coverage takes care of their rehabilitation. Collision coverage protects your vehicle when your vehicle suffers damage. Comprehensive coverage protects you if your vehicle is stolen or damaged due to a fire or severe weather passing through the area. While these are common auto insurance facts, there is a lot of information that you may not be aware of. Here is a look at some overlooked auto insurance facts.

One Parking Ticket Won’t Hurt You

There is often a misconception that you have to maintain a perfect driving record in order to find the best auto insurance policy. This is incorrect, as your policy will not be in jeopardy if you suffer one minor parking ticket. While keeping a perfect driving record should be an attainable goal, one mistake will not cost you.

Total Loss

If your vehicle suffers significant damage, it may be classified as a total loss. In that case, your level of coverage may depend on the current value of your vehicle.

Commercial Coverage

If you use your vehicle while you’re working, you need a commercial auto insurance policy. Traditional auto insurance will not cover your vehicle if it’s damaged while you’re working.  

You Need Extra Coverage For Your Valuables

If you have special accessories for your vehicles, such as custom seats or wheels, you’ll need extra coverage to fully protect those items.

Commerce Insurance Agency Will Help You Stay Safe On The Road

Visit our website to learn more information about auto insurance.

4 Add-ons to Consider For Your Boat Insurance

If you own a boat in Commerce, GA, there is nothing that beats a cool breeze and warm sun in the water. And given you relish the moments you spend on the water, it’s even prudent to protect you and your boat with boat/watercraft insurance. When you purchase boat insurance from Commerce Insurance Agency, you are assured of a more relaxed time, whether cruising, sailing, or fishing in the water. 

But since boat insurance isn’t mandatory in Georgia, many boaters don’t know much about this insurance. Those that do may think any boat insurance plan will cut it. Well, just like auto or home insurance, boat insurance is broad, and for you to enjoy maximum protection, you need to consider the below add-ons.

  • Medical payments (MedPay) coverage: If you live in America, you must be rife with the fact that medical costs are rising every day. For this reason, it would be catastrophic if you and your passengers suffer injuries from boat accidents and don’t have health insurance. The MedPay coverage covers medical costs for you and your passengers when involved in a boating accident. 
  • Uninsured watercraft insurance: Because boat insurance is optional in Georgia, you are likely to encounter an uninsured boater. If you collide with them, the uninsured watercraft insurance covers injuries and property damage sustained by you.
  • Emergency assistance coverage: Has your car ever stalled away from home? It must have been frustrating. The same can happen while using your boat on the water. However, when you have this insurance plan, you get services like towing, gas delivery, battery loan, and other minor repairs when your boat breaks down in the water. 
  • Special equipment coverage: This coverage evacuates your boat when shipwrecked. It saves you extra costs that you need to incur to remove your boat from the water when involved in an accident.

Are you looking for boat insurance in Commerce, GA? Please contact Commerce Insurance Agency for a personalized quote.

Georgia Auto insurance Requirements to Consider

Every state has its own set of requirements when it comes to auto insurance. The state of Georgia is no different. As a Commerce, GA consumer, it is important to understand what the state requires you to carry for insurance coverage. The team at Commerce Insurance Agency can help you understand the requirements.

Minimum Insurance Coverage for Auto

Georgia has a law that requires all drivers of automobiles to carry the minimum amount of auto insurance coverage. These minimums include everything from bodily injury liability to property damage liability and more.

For bodily injury liability, the state of Georgia requires you to have $25,000 per person and $50,000 per accident insurance level at a minimum. For property damage liability, you need to carry an auto insurance policy with at least $25,000 per accident in coverage.

Uninsured motorist bodily injury and uninsured motorist property damage requirements are also in place. Uninsured motorist bodily injury carries a minimum coverage of $25,000 per person and $50,000 per accident. As for uninsured motorist property damage, you need to have at least $25,000 in coverage with a deductible of either $1,000, $500, or $250.

Higher Limits May Be Worth Consideration

While it is acceptable to carry the minimum amount of auto insurance coverage, your insurance agent will likely recommend higher limits on top of the minimum liability levels. The goal with insurance is to protect your financial interests, and these limits will drive that action.

Our team in Commerce, GA wants to help you understand what Georgia requires for auto insurance and more. This will help you as you begin the process of shopping for the ideal auto insurance policy. Our team at the Commerce Insurance Agency can help you understand the requirements and make a better decision on your policy purchase.

Three things to know about boat insurance and land risks

One important consideration for boat owners is boat insurance coverage. At Commerce Insurance Agency, we can provide boat owners in Commerce, GA with the insurance solutions they need.

The following are three things to know about boat insurance and land risks for those looking to insure their watercraft.

A boat insurance policy can provide coverage for your boat when it’s not in the water.

As a boat owner, it’s important to be aware of certain land risk limitations that go along with your boat insurance policy. Some policies don’t include any coverage for a boat when it’s out of the water. Other policies may include some coverage.

If your policy doesn’t include coverage for land risks, you should either add this type of coverage or check out coverage possibilities through other types of insurance you carry. 

Land risks include damage to your boat while it’s in storage.

Perhaps you keep your boat in storage for significant portions of the year. It’s important to realize that your boat could become damaged while it’s in storage. That’s why it’s a good idea to purchase land risk coverage. 

Auto and home insurance can offer some coverage for land risks. 

You should look into your auto and home insurance policies’ details if you’re concerned about land risks for your boat. A lot of auto and home insurance policies will offer some level of coverage for a boat. 

An auto insurance policy might offer coverage for a boat while it is being towed behind a vehicle. A home insurance policy might offer coverage for a boat that’s being stored on the boat owner’s own property. 

Do you need to learn more about boat insurance in Commerce, GA? We’re here to help you at Commerce Insurance Agency. Get in touch with us today to learn more about our insurance policies. 

Why do people in Georgia need home insurance?

People that move to the Commerce, GA area often would benefit greatly from owning their own property. If you would like to be a property owner in this area of the state, you need to find adequate protection for your home and the property inside it. A great way that people can do this is with home insurance. Having this coverage is a necessity for people in the area for a few different reasons.

Lenders require insurance

A common reason that people will need to have home insurance for their Georgia property is that their mortgage lenders could require it. Those that are in this state will likely take out a loan when buying a home. If this is the case for you, your lender will require that you have a full home insurance policy at all times.

Insurance Gives Peace of Mind

Even if you do not have a specific home insurance requirement, you should still obtain coverage. Those that live in this area will want to have protection as it can offer peace of mind. When you have a proper home insurance policy in place, you will know that you have personal liability protection and coverage for your home. Your belongings will be able to be replaced.

Anyone who wants to buy a home in the Commerce, GA area needs to ensure that they properly insure it. When you are looking for a new policy, it’s smart to call the Commerce Insurance Agency professionals. When you call the Commerce Insurance Agency for information, our team can work with you and discuss your options. We can answer your questions and walk you through the insurance process. It doesn’t have to be a chore to find home insurance.