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How much life insurance is enough

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It would be great if anything in life prepared you for discussing life insurance. Your parents aren’t going to pull you aside and have a talk with you about life insurance. You won’t take a class in college called Life Insurance 101. When it comes to deciding how much life insurance is enough, you will have to rely on your independent insurance agent. At The Ryan Insurance Agency in Clarkston, MI, we have an experienced team here to help you find the insurance you need. 

If you are young and unattached, your need for life insurance is minimal. This is ironic since this is the best time to invest in insurance since rates are the lowest they will ever be. You may have some life insurance provided by your employer, and taking a good look at it is a good thing to do. Is it enough to take care of any debt that you have and your final expenses? If it is, you may not need additional life insurance at this time. 

When you get married, your need for life insurance changes, and when you have children, it changes even more. You need to provide for your spouse and children so that they don’t have to change their lifestyle because you are no longer with them. How much insurance that requires depends a lot on how much you earn, whether your spouse works, how many children you have, and how young they are. It is safe to say that you need between 7 and 10 years of your annual income. If you want to provide for their college education, that is an additional amount. 

Life insurance needs are very personal and can be customized to fit your life. At The Ryan Insurance Agency in Clarkston, MI, we will work with you to develop the correct amount of life insurance to provide for your family. 

How can I pick an auto insurance policy in Michigan?

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When you are in the Clarkston, MI area, owning a car will be a necessity in a lot of situations. As you are looking for a car, you should also spend time thinking about your insurance needs. Several tips should be followed to help you pick an auto insurance policy that is ideal for your situation.

Consider Requirements

One tip to follow when choosing an auto insurance policy is to consider your personal specific insurance requirements. Anyone that wants to drive a car in this state will be required by law to carry liability insurance. Additionally, if you have taken out an auto loan, you likely will be required to carry a full policy with collision and comprehensive coverage. At a minimum, you should choose a policy that ensures you meet your various requirements.

Protection Needs

You also need to consider your personal protection needs. If you have invested a lot in your car and cannot afford to replace it out of pocket, having a full insurance policy is a necessity even if you do not have a car loan. All people should spend time carefully considering their personal needs and then should choose a policy accordingly. 

When you are looking to purchase a new auto insurance policy in the Clarkston, MI area, it is important that you get the guidance you need to choose a quality policy. One company that can help people all over this area of Michigan choose the right insurance policy is The Ryan Insurance Agency. When you do call The Ryan Insurance Agency, you can learn far more about your different options. This will ensure that you remain properly covered and protected by an auto policy that is right for you. 

How can I pick an auto insurance policy in Michigan?

Posted on by admin

When you are in the Clarkston, MI area, owning a car will be a necessity in a lot of situations. As you are looking for a car, you should also spend time thinking about your insurance needs. Several tips should be followed to help you pick an auto insurance policy that is ideal for your situation.

Consider Requirements

One tip to follow when choosing an auto insurance policy is to consider your personal specific insurance requirements. Anyone that wants to drive a car in this state will be required by law to carry liability insurance. Additionally, if you have taken out an auto loan, you likely will be required to carry a full policy with collision and comprehensive coverage. At a minimum, you should choose a policy that ensures you meet your various requirements.

Protection Needs

You also need to consider your personal protection needs. If you have invested a lot in your car and cannot afford to replace it out of pocket, having a full insurance policy is a necessity even if you do not have a car loan. All people should spend time carefully considering their personal needs and then should choose a policy accordingly. 

When you are looking to purchase a new auto insurance policy in the Clarkston, MI area, it is important that you get the guidance you need to choose a quality policy. One company that can help people all over this area of Michigan choose the right insurance policy is The Ryan Insurance Agency. When you do call The Ryan Insurance Agency, you can learn far more about your different options. This will ensure that you remain properly covered and protected by an auto policy that is right for you. 

What is included with my commercial insurance policy?

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Those that have a dream of owning their own business should consider starting one in Clarkston, MI. This area of Michigan provides great support to individuals looking to grow and expand a small business. When you do own a business, you need to protect it as well as you can. One of the best ways to do this is by getting commercial insurance as it includes several forms of insurance coverage.

Insurance Provides Protection for Liability

One way that you will be protected by commercial insurance is by getting coverage for liability risk. When you are a business owner, you will consistently be taking on liability risk. If you are ever sued for liability and have to pay for damages, the impact could be significant. Fortunately, with commercial insurance, you can receive protection to give you support if you are sued for liability.

Insurance Covers Investment and Assets

A small business owner is also going to invest a lot in their business. Part of this investment will include buying assets that are necessary to build and grow their company. To ensure that these assets are covered, you will want to get commercial insurance. If you do get a commercial insurance policy, the protection will ensure that your assets are covered if there is a fire, theft, or other situation that results in a loss for you.

Ultimately, having a commercial insurance policy in the Clarkston, MI area can keep you and your company solvent. Due to its importance, you should speak with the team at The Ryan Insurance Agency to discuss your needs. If you do call The Ryan Insurance Agency, you will get more guidance to protect your company properly.

What isn’t covered by home insurance

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Most people buy home insurance with the expectation that it will be there to protect them no matter what bad things happen. Unfortunately, that isn’t always the case. Every bad thing that happens isn’t covered by home insurance. Home insurance policies have items called exclusions, and these are the things that aren’t covered by your home insurance.

With over 13 years of experience, The Ryan Insurance Agency in Clarkston, MI is locally owned and operated. As an independent agency, we do all the work for you to get the coverage you need at a competitive rate. 

Flooding

Floods are one of the most common and damaging natural occurring events. Almost no home insurance policies cover flooding. It only takes a few inches of surface water to cause catastrophic damage to the structure and contents of your home. 

Moving Earth

Heavy rains can cause mudslides, and earthquakes are common in certain parts of the country, and sinkholes are a phenomenon that has spread to many areas. None of these types of moving earth are covered in a typical home insurance policy. 

Negligence

This is a hard one because it can include things like termites and mold. You are required to maintain your home, and if you don’t take care of something like a roof that needs to be replaced and it causes damage to your home, your insurance is not going to pay for the resulting damage. With termites, if you live in an area where they are common, you should be getting your home treated. 

Don’t worry too much about the things that are not covered by your home insurance. In most cases, you can add a rider to get the coverage that you want. The Ryan Insurance Agency in Clarkston, MI is ready to sit down with you to discuss your home insurance coverage. Give us a call or stop by our office for a no-obligation quote. 

Choosing Motorcycle insurance Options

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Michigan is a beautiful place to ride your motorcycle. Michigan law requires you to have motorcycle insurance. At The Ryan Insurance Agency in Clarkston, MI, we offer several motorcycle policy options to keep you safe and in compliance. 

Motorcycle Liability

Liability insurance is required for all motorcycles in Michigan. Liability insurance will cover accident damages if you are at fault in an accident. There will be separate limits for bodily injury and property damage. It also covers injuries to your passenger if the accident is your fault. 

Collision and Comprehensive Coverage

Collision coverage will cover the damage to your bike if you are at fault in an accident, including collisions with another vehicle or object. This includes either repair to the bike or the replacement cost. New motorcycles may qualify for total replacement coverage, which reimburses you for the amount you paid for the bike. 

Comprehensive coverage covers non-driving-related damage. This includes theft, vandalism, and storm damage. Comprehensive coverage does not cover damages arising from normal wear and tear or lack of maintenance. 

Specialty Options

Specialty options allow you to add different coverage options to your policy. Accessory or custom part coverage is a popular choice. Many owners spend a significant amount of money on custom parts that aren’t typically covered under a standard policy. This covers custom accessories or parts, including tailpipes, custom paint, and saddlebags. Safety equipment, including leather jackets and helmets, may also be covered. 

Trip interruption insurance is another option to consider if you enjoy road trips. If your bike breaks down more than 100 miles from home, trip interruption insurance can pay for food and shelter costs while you are stuck on the road. 

If you need motorcycle insurance in Clarkston, MI, contact us at the Ryan Insurance Agency. We can provide the right type of insurance to meet your motorcycle insurance needs so that you can enjoy your bike. 

Three reasons why you need boat insurance coverage

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If you’re a boat owner in Clarkston, MI, there are many reasons why you need to invest in boat insurance. At The Ryan Insurance Agency, we provide boat insurance policies that protect you financially and give you peace of mind while boating. 

The following are three reasons why it’s important to have boat insurance coverage. 

Boat insurance protects the value of your boat.

Boats are expensive possessions. You must spend a good sum of money to purchase a boat. If you don’t insure your boat with collision coverage, your boat could quickly lose its value if an accident occurs. You would then have to pay out of pocket to repair it.

With boat coverage, you enjoy the peace of mind of knowing that damage to your boat will be paid for by your insurance provider. 

Boat insurance can cover medical bills if you are injured while boating.

Unfortunately, boating accidents can happen. You want to be careful to avoid accidents, but when they happen, it’s essential to get the medical treatment that you need. Medical treatment for an injury while boating can be expensive even if you have health insurance. You might have to pay a large deductible before your health insurance coverage kicks in.

With boat insurance, you enjoy coverage for medical expenses resulting from boating accidents. 

Boat insurance protects you from liability expenses.

If your boat causes damages to the property of another party, you will be held liable for the resulting expenses. Boat insurance will cover these expenses so that a boating incident resulting in property damage doesn’t hurt you financially. 

Let us help you find the right boat insurance policy in Clarkston, MI. We’re here to answer your questions at The Ryan Insurance Agency. 

Should I get an umbrella insurance policy?

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For anyone that lives in the Clarkston, MI area, having proper personal insurance coverage is always very important. One form of insurance that you need to consider is personal liability insurance coverage. While you will have some coverage through your auto and home insurance policies, a lot of people would benefit from having more coverage. If you believe that you need more liability coverage, you should consider getting an umbrella insurance policy. There are several situations when you should get this form of coverage.

When You Want More Coverage

A situation when you should get an umbrella insurance policy is when you want more coverage. If you have a home and auto insurance policy in place, you are going to have a decent amount of liability coverage. However, if there is an unfortunate accident that comes with a lot of damages, the coverage you have may not be enough. To ensure you are protected, getting an umbrella insurance policy could be a good idea as it will give more coverage on top of your base policy. 

To Cover More Situations

Another reason to get an umbrella insurance policy is that it can cover multiple situations. An umbrella insurance policy is a very inclusive policy that will provide you with liability protection for many situations. This way, you will know that you have coverage if you are sued for liability.

Choosing an umbrella insurance policy in the Clarkston, MI area is a big decision. If you are searching for a new policy, you should call The Ryan Insurance Agency. When you reach out to The Ryan Insurance Agency, you are going to receive the service that you need to pick the right umbrella liability insurance policy.

When is it too late to buy life insurance?

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When it comes to life insurance, age is a significant factor. Insurance companies in Clarkston, MI, including The Ryan Insurance Agency, take age as an important factor when calculating life insurance premiums. Technically, it is never too late to buy life insurance, but there is always a catch–it is much more expensive.

How age impacts life insurance

If you wait too long before buying your life insurance policy, you may end up paying higher premiums or end up settling for a policy that you don’t need. However, that does not mean that your life insurance will be any less useful–it will remain a valuable investment irrespective of your age. Therefore, if you are in your golden years or fast approaching them, speak to any The Ryan Insurance Agency agent, and we can help you with useful advice to help you make an informed decision. We can also provide you with a fully customized life insurance policy to fit your needs and budget.

Is it too late based on my health?

If you are diagnosed with a deadly disease, your insurance premiums can hike up to two times the cost of other healthy policyholders. When it comes to health, age doesn’t come into play. It can only be considered when the individual has lifestyle habits like drinking alcohol or smoking at their senior age. However, if the diagnosed person is older than 80 years, it may be challenging to get a decent life insurance policy. In this case, it may be too late.

When should I buy life insurance?

The Ryan Insurance Agency recommends buying insurance as early as 20 when you are just getting your life in order. The sooner you purchase coverage, the cheaper it is, and the better the yields than when you are in your 60s or 70s.

For more information, queries or quotes, visit us in Clarkston, MI today!

How Important is Having Motorcycle Insurance in Michigan?

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There are a variety of bike riders that enjoy being on the road with their motorcycle in Michigan. Whether you are deciding to enjoy the open breeze alone or with a few friends, at the end of the day, it is vital to make sure that you are protected along the way. 

The Ryan insurance Agency is based in Clarkston, MI, and we believe in ensuring that all of our clients are safe in every way possible. By Michigan state law, all individuals that operate a motorcycle are required to carry liability insurance. This is to protect the rider from anything that may occur, including accidents, property damage, and theft. 

Within the motorcycle laws of Michigan, you are obligated to have personal injury protection (PIP) and bodily injury/property damage (BI/PD) within your insurance policy. When you work with one of our agents that understands the law thoroughly, we will make sure that your insurance policy meets all of the state laws in addition to anything additional that you may want. As Michigan is a No-Fault state, if you are riding your motorcycle and you are in an accident, that does not fall under the No-Fault guidelines. Things can get a bit tricky when it comes to medical coverage. It is easy to work with an insurance agent to determine your needs.

Would you like to speak to one of our agents about the motorcycle insurance that we can offer you? Our agents are available to assist you what answering any questions or concerns that you may have. Please feel free to call us at our office during business hours at (248) 403-8591.