Umbrella Insurance: 5 Things You Need to Know

When it comes to having the right insurance, you want to make sure you’re working with trusted agents and have the level of coverage you need. At Luebbering Insurance Agency LLC, we can make sure your Jefferson City, MO properties, vehicles, and more are covered. With umbrella insurance, you’ll have a higher level of protection than you’ll have with more typical policies. Is adding an umbrella policy right for you? Here’s what you need to know about these kinds of policies, so you can decide if you want to get one for your protection.

1. An umbrella policy covers all sorts of things, including homes, cars, businesses, and more.

2. Umbrella policies add additional coverage, on top of your current policies.

3. You still need a regular policy underneath the umbrella policy.

4. Not everyone needs umbrella coverage, but most people can use it.

5. An umbrella policy is a great way to get protection and peace of mind.

If you live or work in or around Jefferson City, MO, we want to help you get the policies and coverage you need and want. Whether you’re looking for umbrella insurance only, to supplement what you already have, or you want to get several policies with an umbrella on top of them, Luebbering Insurance Agency LLC can help you. Reach out to us today, and we’ll work with you to find the policy that’s going to be right for your needs.

When you have questions about umbrella policies, we’ll be happy to answer them, too. We understand that you’re not familiar with all the policies you can get, and we want to make sure you’re getting the information you need. Then you can make an informed decision, and have the right umbrella insurance to protect your interests.

Is Flood Insurance Active Immediately?

Purchasing flood insurance is optional, but if you live in an area where there is a high risk for flood damage, you will want to purchase your flood insurance policy as soon as possible. Flood insurance coverage has terms and conditions that are essential to understand so you can adequately protect your property.

Flood Insurance Effective Date

It is important to know that flood insurance doesn’t go into effect until 30 days after the date of purchase. There may be other terms and conditions about the effective date you should be aware of before you make a purchase. Always work with a professional insurance agent when buying flood insurance. They can advise you on what you need to know and help you get the coverage you need to prevent losses from a covered event.

Flood Insurance Conditions

Flood Insurance has many limitations but can give you the protection you need from flooding and storms. This is essential if you live in a hurricane-prone area or somewhere near water. It may also be necessary if you live in an area that floods easily as a result of heavy rainfall. Residents living near Jefferson City, MO can rely on Luebbering Insurance Agency LLC to provide them with the information and insurance products they need to protect their home and property from flood damages. Schedule a consultation with one of their agents to get more information on the available products that will give you a blanket of protection from flooding and other property threats.

Get flood insurance from a respected agency that has a reputation for excellent customer services. If you live around the Jefferson City, MO area, call or stop by Luebbering Insurance Agency LLC today to get the answers to your questions and start protecting the things that are important to you. 

Who is Responsible for Pipes in a Condo?

Condo insurance can help to protect you against unexpected events, such as a pipe bursting in your condo. However, one of the questions that we at Luebbering Insurance Agency LLC, serving the Jefferson City, MO, area, are frequently asked is who exactly is responsible for pipes in a condo. Ultimately, it comes down to where the pipe is located and where the damage in the pipe is. 

Interior Pipes

Pipes that are located in your condo, such as the pipes under your sinks or connected to your clothes washing machine, are your responsibility. These types of pipes are considered interior pipes. 

Common Pipes

Pipes that are utilized by multiple condo buildings such as sewer lines or water lines in the walls between two condos are considered common pipes. Common pipes are the responsibility of the condo building owner or the condo association. The only time a condo owner can be held responsible for common pipes is if they did something that damaged the pipe, such as a child flushing a toy down the toilet and causing a clog to the main sewer line. 

The location of the pipes in a condo determine who exactly is responsible for them. In some cases, you as a condo owner may be responsible for the pipes, and in other cases, the condo association may be responsible for the pipes. Having condo insurance can help to protect you against certain unexpected events with your pipes. If you are looking to learn more about condo insurance and what it covers or are looking to purchase a condo insurance policy in Jefferson City, MO, give Luebbering Insurance Agency LLC a call today. 

Is Cash Value Life Insurance a Good Idea for You?

Life insurance is considered one of the top must-have coverages. Having a family that depends on your income can add another reason the get life insurance. Your family’s financial needs are covered in case of a family hardship such as death. This can go a long way to help families in their time of need.

Cash-value life insurance can be useful to tap into for other reasons besides the primary need for income replacement. Some people use it successfully to build a nest egg for retirement. Cash-value life insurance is also known as permanent life insurance. This means a cash-value accumulates during the lifetime of the policyholder.

Policyholders can use the cash value in a different ways instead of just letting it sit. Luebbering Insurance Agency LLC, which serves the larger Jefferson City, MO area. We can help you understand the benefits of a cash-value life insurance.

Take out a Loan

If you accumulate a large amount of cash value in your policy and need extra money for sudden emergencies or other expense, it may be possible to take out a loan against your policy. Since it is your own money, only interest and the amount is deducted from your policy in the event of a death. This can be a useful way to utilize your cash-value insurance.

Grow Your Nest Egg

Another way a cash-value insurance policy can be used, is as a supplemental retirement savings. These funds can be used in a variety of ways in your portfolio as a substantial asset. It is good practice to seek advice from a financial advisor before using this option. Having a solidly built policy of several years will ensure you are not draining resources.  

Make a Withdrawal

If you need cash quickly, and have a strong cash-value policy, a simple cash withdrawal can be an option. It is wise as always to discuss with a financial advisor or insurance agent before committing to this. Too many withdrawals can leave your policy depleted. But, it is one way the policy be used for immediate needs.

Call and schedule an appointment at Luebbering Insurance Agency LLC, serving Jefferson City, MO. Our specialists can help you with life insurance or any other type of insurance you may need from home to personal.

The Benefits of Life Insurance for Young Adults

If you are in your 20’s and you think that you are too young to need life insurance, think again. Young adults should consider buying life insurance. First and foremost,  if you die prematurely, will there be enough money for your funeral or memorial service? Unless you have enough money saved, your family and friends will have the burden of paying for your final farewell. 

If your parents cosigned for your private student loan or for your car loan, they’re responsible for repaying it in the event of your death. A life insurance policy for the right amount will pay off that debt. Ditto for any credit card bills you leave. 

Maybe you have children and a home with a mortgage or an apartment that you and your children live in. The proceeds from a life insurance policy can help pay some of your mortgage obligations or allow your family to stay in its apartment.  If you work and contribute to the upkeep of parents or siblings, a life insurance policy would help make up for lost income should you die.

You can choose term life insurance or whole life insurance. The latter builds cash value over time, and you can borrow against it. If you are a young entrepreneur or have business partners, consider buying a separate policy to cover your final business expenses.

Buying life insurance when you are young and in good health means that you can probably find a policy that is affordable. At Luebbering Insurance Agency LLC, where we serve Jefferson City, MO, contact us to discuss life insurance for young adults. The financial stability of those close to you depends on it. 

 

When is Commercial Insurance Necessary?

If you own a business in the Jefferson City, MO area, you know that there is always a lot of potentials to do quite well. While there are clear benefits to owning a business, there are also many risks involved. While some risks are inevitable for all businesses, others can be mitigated through a quality commercial insurance policy. There are several situations in which having commercial insurance is a necessity for your business. 

Need to Protect Assets

All business owners will eventually invest in very valuable assets. This can include real estate, heavy equipment, IT infrastructure, and a variety of other assets. If these assets were to be destroyed or stolen, it could be a very bad situation for a business owner. To ensure that they are able to remain solvent even during these situations, having a full commercial insurance policy is a necessity.

Adds Liability Protection

Businesses take on a lot of responsibility and liability. If someone was injured or sick through the use of their product or service, the business could be found liable in a lawsuit. In some situations, this liability could be enough to make a company insolvent. To ensure you are properly protected and can withstand a lawsuit such as these, it is important that you have a full commercial liability insurance policy in place. 

When you are looking to protect your business in the Jefferson City, MO area, the first call that you should make should be to Luebbering Insurance Agency LLC. The professionals at Luebbering Insurance Agency LLC can help any business owner better understand the benefits of having commercial insurance. They can then help them get into a policy that properly protects their business against a variety of risks. 

Who will require me to have commercial insurance?

If you are an owner or a manager of a business in the Jefferson City, MO area, there are many important decisions that need to be made on a regular basis. One important decision that will need to be made is when you try to get insurance to protect your business. Having commercial insurance in place is extremely beneficial and will also be a requirement in a variety of situations. There are a variety of organizations that will require that you maintain commercial insurance at all times. 

State Requirements

One organization that will require you to carry commercial insurance at all times is the state. If you have employees that work for you, having workers compensation insurance in place is a necessity. This part of your commercial insurance policy will provide coverage if someone is injured while they are working for you. Since it is so important, state law requires you to carry it.

Lending Requirements

Most commercial lenders will require that you have commercial insurance at all times. A lender will want to make sure that your assets are protected and that you are covered for liability. This will help to ensure that their collateral is protected and that you are able to handle lawsuits. Most lenders will also require that you escrow your commercial insurance payments on a monthly basis to ensure you are covered. 

If you are an owner or a manager of a business and want to learn more about your commercial insurance needs and options, the team at Luebbering Insurance Agency LLC is a great place to start. When you meet with the professionals at Luebbering Insurance Agency LLC, you will get more insight into what type of insurance you need to have to protect your Jefferson City, MO business.

Can You Get Life Insurance if You are Terminally Ill?ai

Life insurance is something that just about anyone can benefit from. With the right policy, you can find the coverage you need to be safe and to help your family cover your expenses when you pass. For those that have terminal illnesses, it may be harder to secure life insurance than it would be for an otherwise healthy person. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help.

For those that are suffering from terminal illness, it is far more difficult to secure a life insurance policy. That being said, it is not impossible to get a life insurance policy if you are facing terminal illness. Some insurance companies do offer policies for terminally ill subscribers but the overall premium cost is going to be far higher than it would be for someone that does not have anything wrong with them. That is not to say that a life insurance policy, even one with a very high deductible, is not beneficial to those that do have a terminal illness.

The real issue comes with weighing what the value of a policy is versus how much the premiums are going to cost overall. If the terminal illness is very progressive, you may benefit from a life insurance policy, even one with a high deductible. It is always best to speak with an agent about what type of policy is beneficial for you and what type of policy you should take out if any at all. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help you determine if a policy is going to be beneficial to you or if you should opt for some other form of benefit.

Can You Get Life Insurance if You are Terminally Ill?ai

Life insurance is something that just about anyone can benefit from. With the right policy, you can find the coverage you need to be safe and to help your family cover your expenses when you pass. For those that have terminal illnesses, it may be harder to secure life insurance than it would be for an otherwise healthy person. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help.

For those that are suffering from terminal illness, it is far more difficult to secure a life insurance policy. That being said, it is not impossible to get a life insurance policy if you are facing terminal illness. Some insurance companies do offer policies for terminally ill subscribers but the overall premium cost is going to be far higher than it would be for someone that does not have anything wrong with them. That is not to say that a life insurance policy, even one with a very high deductible, is not beneficial to those that do have a terminal illness.

The real issue comes with weighing what the value of a policy is versus how much the premiums are going to cost overall. If the terminal illness is very progressive, you may benefit from a life insurance policy, even one with a high deductible. It is always best to speak with an agent about what type of policy is beneficial for you and what type of policy you should take out if any at all. For those that live in the Jefferson City, MO area, the agents with Luebbering Insurance Agency LLC can help you determine if a policy is going to be beneficial to you or if you should opt for some other form of benefit.

What to do when your brakes fail and how to prevent it

Brake failure while on the road is about the scariest thing that can happen to any motorist. The Luebbering Insurance Agency LLC, serving Jefferson City, MO, would like to let you know how to deal with such an event so that you might come out safely and with your vehicle intact.

The best way to deal with brake failure is to prevent it from happening. You should follow the scheduled maintenance, which will include brake inspection, as set out in your owner’s manual. If your mechanic suggests fixing your brakes, follow the suggestion at once. An ounce of prevention being worth a pound of cure is especially relevant where brake trouble is concerned.

If your brake light starts to flash while you are driving, move over to the side of the road immediately. Do not try to drive the car any further. Call a tow truck, and have your vehicle taken to an auto repair shop to get the brakes fixed.

If your brakes fail, then immediately apply the emergency brake. If you are able to, downshift slowly to reduce the speed of your vehicle. Pull over to the side of the road, and then call a tow truck to take you and your vehicle to a repair shop.

If you do suffer a crash because of brake failure, follow the procedure for auto accidents, including exchanging information with other parties, reporting to law enforcement, and contacting your insurance provider. Damage to your vehicle and any injuries will be evaluated and taken care of.

If you have further questions about auto safety and insurance, feel free to contact the Luebbering Insurance Agency LLC, serving Jefferson City, MO.