One of the main types of life insurance is the whole life insurance policy. This type works much differently than a term life policy. If you are interested in life insurance to protect the financial future of you and your family, call us at Steiner Insurance Group in Nashville, NC to make an appointment with an agent.
Your Whole Life
The name of this policy type describes why it is such a popular option for life insurance. Once you start this type of policy and keep making your payments as agreed upon, the policy is in effect for the rest of your life. No matter your age, the insurance company can’t cancel this policy as long as you are paying your premiums. With some other types of life insurance, the insurance may expire at a certain age and then require you to get another policy that costs more because you’ve gotten older. With whole life, you never have to worry about this.
Building a Cash Value
A whole life policy comes with a cash value that is built up over the years. It is a portion of the profit from the policy that the insurance company has earned. With this cash value in place, you can borrow against it when you need to. Many people use this option when they have an emergency financial situation and need fast cash. The amount that you borrow is deducted from the policy’s death benefit until the loan is paid back.
If you want to know more about these policies and are in the Nashville, NC area, call Steiner Insurance Group. Schedule an appointment to talk about how much life insurance you and your family need.
Auto insurance is designed to protect you against the injuries and property damage that auto crashes can cause. Although auto liability insurance is the only coverage required in North Carolina by law, that doesn’t mean you don’t need the protection that additional auto insurance coverage can provide. Here’s the protection that a well-rounded auto insurance policy from Steiner Insurance Group has to offer:
- Collision – If you collide with another vehicle or run off the road and hit a tree, fence, or telephone pole, collision coverage helps pay for your vehicle repair costs. Depending on your accident’s severity, this could save you a substantial amount of money out of pocket.
- Comprehensive – Vehicle theft isn’t uncommon in North Carolina, putting Nashville, NC car owners at risk of being a target. Comprehensive insurance protects you against vehicle theft by compensating you for its market value. It also pays for damage to your vehicle from non-collision causes such as bad weather, vandalism, and falling objects.
- Uninsured Motorist – This insurance pays for your vehicle repairs if you’re hit by a driver who has no insurance or insufficient insurance to cover the cost of your damages. It also protects you from hit and run drivers.
- Roadside Assistance – If you’ve ever had your car falter in the middle of nowhere, you’ll appreciate the protection that roadside assistance has to offer. Roadside assist covers the cost of towing your vehicle to a repair shop, so you’re not left stranded on your own.
- Liability – North Carolina requires that you carry minimum liability coverage to protect others in accidents you cause. If your vehicle is registered in the state, your coverage must come from a licensed North Carolina insurance provider.
To get a quote for auto coverage in Nashville, NC, contact your Steiner Insurance Group agent today.
Owning a small business is a dream and goal that a lot of people share. When you are looking to start your own business in the Tusla or Norman, OK area, it is vital that you protect it as well as you can. One of the best ways to protect a business is by getting a full commercial insurance policy. This type of insurance offers several forms of coverage that could prove valuable for your company.
Protects Against Liability Risk
One way that your business can be protected is by providing you with protection against liability risk. Anyone that offers a service or product to a customer will routinely take on liability risk. If you are deemed liable for a bad accident, you could be facing serious settlement costs. Fortunately, with commercial insurance, you can receive protection against this risk.
Protects Business Assets
Another reason that you should get commercial insurance is that it can protect your business assets. A business owner is going to have to invest some capital to build inventory and buy other assets. When you get the right insurance in place, you can protect these assets. With insurance, you will be covered for costs needed to repair or replace these assets following damage or theft.
As you are looking for a commercial insurance policy in the Tulsa or Norman, OK area, it is important that you receive guidance and support from someone that is experienced and truly understands this unique form of insurance. The team at the Steiner Insurance Group can offer you the support that is needed to choose the right policy for your situation. The Steiner Insurance Group is able to do this by carefully assessing all of your needs and helping you build a policy that is curtailed to your necessities.
It seems like yesterday it was beach time, and now the leaves are starting to change, and it is time to get your home ready for fall. At the end of summer, the seasonal decorations and the inflatable pool are packed away for another year, and it’s time to get ready for autumn. Bring out the scarecrow and the mums for your front yard but getting your home ready for fall involves a lot more than that. At Steiner Insurance Group in Norman, OK, we want to help you to make sure that your home is safe for fall, and we have a few tips to get you there.
Start at the top
Fall is the right time to get your chimney cleaned. Dirty chimneys are a fire hazard, and if you plan on using your fireplace, make sure you do it safely. Your roof has a lot to deal with during the fall, with strong winds and rain. Ensure that your flashing is in good condition and you don’t have any missing or damaged shingles.
Windows and doors
A lot of heat is lost from ill-fitting windows and doors. A little caulk and weather stripping helps seal up any leaks that you may have.
Check the batteries
As the weather starts to cool down, people start spending more time inside. It’s the perfect time to check the batteries in your fire detectors and your carbon monoxide detector.
Furnace cleaning time
Nothing is worse than getting that first fall cold snap, turning up your heat, and nothing happens. Your furnace needs to be cleaned and service yearly, and doing it before you need to use it will save you from being cold and paying for an emergency visit from your HVAC people.
When it comes to getting your home ready for fall, we have given you plenty to work with. If it’s time to get your home insurance reevaluated, give Steiner Insurance Group in Norman, OK a call to set up an appointment for a free quote.
Anyone in the Nashville, NC area and loves cars will dream of owning a classic car. If you are a classic car owner, you will want to ensure that your prized asset is adequately covered and protected at all times. A great way that you can do this is by getting a full classic car insurance policy.
Those that Want to Protect the Value
One situation when someone may need to have classic car insurance coverage is when they want to protect the value of the vehicle. A classic car is a unique type of vehicle because it can appreciate as time goes by. Due to this, you will want to make sure that the value is covered correctly. With a classic car policy, you can receive the protection you need to cover the collectible value and protect your investment.
Those that Want Reduced Liability Risk Policy
You should also get a classic car insurance policy if you want to take advantage of the reduced liability risk. The typical classic car owner is not going to drive a vehicle as frequently as they would drive a normal car. Due to this, your actual liability risk is much lower. When you get a specialized classic car policy, it will ensure that your premiums reflect this reduced risk.
There are many reasons to get a classic car policy if you are in the Nashville, NC area. Those in this area of Tennessee will want to make sure that they fully understand their options. When you are looking for a new policy for your classic car, you should call the team at Steiner Insurance Group. The insurance team at Steiner Insurance Group can provide you with the necessary coverage to protect your vehicle.
Whether you’ve ridden a motorcycle for the past 20 years or you’re just starting to learn how to ride, the number one way to protect yourself from injury is to wear a helmet. Even a crash on a bike when you’re traveling at slow speeds can severely hurt you. With a helmet, you are much more likely to avoid a head injury and death.
Here at the Steiner Insurance Group serving the Nashville, NC area, we help keep motorcycle owners safe on the road by offering motorcycle insurance. Depending on the policy you get, you may be able to tap into roadside assistance if you are in need of help. Keep reading to learn about two other reasons you should protect your bike with motorcycle insurance.
Some States and Lenders Require It
If you have a loan on your bike, there’s a good chance that the lender will require you to have insurance. This ensures the lender will receive compensation in the event something happens to the bike while you still owe money on it. Also, depending on where you register the motorcycle, you may be required by law to have some type of insurance policy.
You Never Know What Could Happen
Just like in a car, when you’re riding a motorcycle, you never know what could happen. Having insurance coverage gives you peace of mind in knowing you can tap into various types of coverage in specific scenarios. With this type of protection, you can ride with less stress, which is crucial for staying focused on the road.
Want to learn more about motorcycle safety and how it starts with insurance? Contact the Steiner Insurance Group serving the Nashville, NC area today.
Having insurance is essential today. It is not a luxury anymore – it is a necessity that provides our beloved ones and us with financial security and peace of mind. Umbrella insurance is a specific type of insurance that provides extra liability coverage in case if your existing insurance cannot cover all the expenses. For those who are unfamiliar with umbrella insurance, Steiner Insurance Group serving Tulsa, OK has prepared the list of things covered by umbrella insurance:
Personal or Property Damage
Umbrella insurance will cover damages caused by you, your family members, or hazards on the property for which you are legally responsible. This includes so-called "attractive nuisances," such as trampolines or swimming pools, for example.
Personal Liability Coverage
This type of insurance will kick in in the situations that occur at your property. For example, if your dog bites your neighbor or a guest, umbrella insurance will cover all the legal expenses and medical bills.
It provides an additional level of protection for your car or motorcycle, which is beyond your basic auto insurance.
Libel and Slander
If you offended someone, this person might sue you for defamation. In this case, umbrella insurance will help you and cover all the expenses related to this issue. For this reason, this type of insurance is especially crucial for those who actively use social media and post something regularly.
Hiring a lawyer is necessary when you have to defend yourself in court. However, lawyers are expensive and not always affordable. The good news is that if you have an umbrella insurance policy, the insurance agency will cover all the lawyer fees.
Umbrella insurance is not mandatory. However, it is one of those types of policies that you should have to protect yourself and your beloved ones. If you are from Tulsa, OK and you are looking for a reliable insurance agency, do not hesitate to contact Steiner Insurance Group. We will be glad to discuss your needs and concern and find the best umbrella policy for you.
When it comes to purchasing life insurance, you don’t want to procrastinate. Neglecting to buy life insurance when you need it can compromise the financial security of your family.
If you’re interested in a life insurance policy from Steiner Insurance Group in Nashville, NC, you shouldn’t waste any time before purchasing a policy. The following are three critical reasons why you need to purchase life insurance right now.
You never know when a serious accident can happen.
You may be a very healthy person. However, many possible incidents could result in an unexpected death that has nothing to do with an individual’s health. One prime example is automobile accidents. It is critical to prepare for the unexpected by purchasing life insurance right away.
You’ll enjoy more peace of mind knowing that your family is financially protected.
It is stressful worrying about your family’s financial future. If you find the right life insurance policy, you know that your dependents will be provided for regardless of what happens to you.
Don’t wait to purchase life insurance so that you can benefit from the peace of mind that this important financial product provides right away.
You may get lower premiums if you purchase a policy when you’re younger.
If you wait a few years to purchase a life insurance policy, your premiums will probably be more expensive as a result. The younger you are when you purchase your policy, the less expensive you can inspect your life insurance policy to be.
Would you like to learn more about life insurance options with Steiner Insurance Group? We offer life insurance policies to those residing in the Nashville, NC area. Get in touch with us if you have questions and inquiries.
When buying insurance in Nashville, NC, the only coverage that you are legally required to carry is liability insurance on your vehicle. Liability insurance helps to cover the other party’s damages if you are found to be at fault in an accident. All other types of auto insurance, including collision and comprehensive, gap coverage, and replacement coverage, are strictly optional.
So here’s the question: Is it worth the extra cost of buying all that protection?
The answer comes down to a simple formula: Are you spending more on premiums each year than your car is worth in total?
If the answer is no, then there’s not much reason to buy full coverage for your car. If you’re driving around an old 1990s Ford that you could replace yourself should something happen, then your insurance can’t do much for you that you can’t already do for yourself.
We do tend to have an emotional attachment to our cars. Maybe the bluebook value of your vehicle is only a couple thousand dollars, but the personal value makes it irreplaceable. Unfortunately, insurance can’t help on that front. The insurance covers the financial losses should something happen, but it can’t guarantee that nothing ever happens in the first place.
Check your car’s bluebook value now and then, and remember to be honest with yourself when buying insurance. We like to think our cars are worth a little more than they are.
If you’re shopping around for insurance in Nashville, NC, remember that full coverage might not be worth it when you call Steiner Insurance Group. Steiner Insurance Group can help you get covered against expected losses, but, unfortunately, the emotional value of any vehicle, whether brand new or a couple of decades old, can’t be salvaged.
One of the many important things to be aware of with commercial insurance in Norman, OK is how premiums impact your company’s tax liability. Most of the commercial insurance premiums you pay to insurance providers like Steiner Insurance Group can be written off on your company’s tax return.
The following are three things you need to know about commercial insurance and taxes.
You can write off commercial insurance premiums as a business expense
Commercial insurance premiums are classified as an ordinary business expense. This means that they can be deducted from a company’s gross revenue in determining tax liability. This also means that paying commercial insurance premiums helps to bring down a company’s overall tax liability for the year.
You can’t deduct commercial insurance premiums already paid for future years
Business owners may sometimes pay their commercial insurance amount upfront for several years in advance. For example, a business owner may purchase a two-year policy and pay for it all at once.
However, the full amount for the two-year policy cannot be deducted the first year. The business owner can deduct half of the policy’s cost on the first-year return and the other half the next year.
You cannot write off the money you put into a reserve fund for self-insurance as a deductible
Some business owners prefer to take care of their insurance needs by setting aside a reserve fund that allows them to be self-insured. However, this method of insuring one’s company does not offer the same tax advantages as paying commercial insurance premiums. Money that is put towards such a fund cannot be deducted as an expense on a business’s tax return.
If you have any questions about how commercial insurance impacts your business taxes in Norman, OK, contact us at Steiner Insurance Group to learn more.