The More You Know With VanDaele Insurance

Ins and Outs of Comp. Insurance

evandaele714@gmail.com (Elsie VanDaele) — Mon, 21 Oct 2024 15:00:07 GMT

Comprehensive Insurance ~ What it is, What it covers, Why you need it

Comprehensive Insurance, curious what it is? Comprehensive insurance helps pay for damages that happen to your car from non-collision events. Examples include storms, vandalism, and even hitting a deer. An easy way to look at it is like having coverage for bad luck. Random events or damage from vandalism are covered under comprehensive insurance.

If the incident is covered under comprehensive insurance, the insured will first pay the deductible and then the insurance company will pay the remaining balance up to the car’s current market value. The newer the car is, the more insurance companies recommend having comprehensive insurance.

With farmers in the midst of harvest, deer and other animals are much more likely to be moving more and on the roads. Be extra cautious while driving both at night and in the early mornings!!

Brady, R. (2024, March 28). Comprehensive insurance: Why you might need it. NerdWallet. https://www.nerdwallet.com/article/insurance/comprehensive-auto-insurance#:~:text=About%201.9%20million%20deer%2C%20elk,liability%20and%20uninsured%20motorist%20coverage

Coverage a Personal Auto Policy Covers for a Rental Car

evandaele714@gmail.com (Elsie VanDaele) — Mon, 14 Oct 2024 14:33:18 GMT

Wondering what coverage a personal auto policy has when using a rental car?

Traveling soon and getting a rental car? Curious about what a personal auto policy covers when it comes to rental cars? Well, liability coverage will follow the insured while on vacation. Physical damage to a vehicle is not usually covered however. We recommend purchasing this coverage from the rental company when getting the vehicle. We also highly suggest taking a close look at the vehicle both internally and externally both before and after using the rental car to ensure you do not get falsely accused of causing damage you may not have done. All this being said, when traveling to a foreign country a personal auto policy does NOT cover unless it is specifically noted by the carrier. The amount of coverage your personal auto policy has while traveling may also differ based on the rental car agreement. Each contract and rental car company is different leading to differences in what is covered for the customer.

Faculty, B. “I” V. U. (2024, September 27). What coverage does a PAP provide for a rental car? . Home. https://www.iamagazine.com/strategies/what-coverage-does-a-pap-provide-for-a-rental-car

Why Auto Insurance Is Rising

evandaele714@gmail.com (Elsie VanDaele) — Mon, 07 Oct 2024 16:04:39 GMT

Auto insurance has rose across the Country by roughly 15% in just the first half of 2024.

Auto Insurance Rates across the country increased around 15% in just the first half of 2024. Independent Agent Magazine explains that one of the factors leading to this increase in premiums is the losses that have occurred due to maintenance repair costs. Advances in technology have both increased vehicle safety and decreased the amount of other risks that can happen while driving, however the cost to repair and maintenance these features are much more expensive to repair. “Advanced driver assistance systems can add up to 37.6% to the total repair cost after an accident, according to AAA data, and minor damages to front radar and distance sensors can add up to $1,540” (Independent Agent Magazine). Another cause of increasing rates is the amount of severe weather that has been occurring throughout the country. Each area endures their own type of extreme weather - anything from hail to hurricanes. Luckily auto insurance rates won’t always continue to increase, so hopefully as time continues to pass, policyholders can see some change in their rates!

Spears, A. M. (2024, August 29). Auto insurance rose 15% in first half of 2024 . Home. https://www.iamagazine.com/news/auto-insurance-rose-15-in-first-half-of-2024?__hstc=79369803.b862b2192b24b08835b179d3a9d728a7.1654645102697.1723130182896.1723460530376.702&__hssc=79369803.14.1723460530376&__hsfp=3401181823&utm_medium=email&_hsenc=p2ANqtz-_T6aHVs83E3C4hsctMY4keh0oWmsUZwVYBLAEtmEw5xYzVLF-ncliGcy0cNsltUZMWAQV261g4V3HaYe3LYQ6m9ma4Lg&_hsmi=319706837&utm_content=319706837&utm_source=hs_email

Meet The Team

evandaele714@gmail.com (Elsie VanDaele) — Thu, 12 Sep 2024 16:37:50 GMT

Meet The VanDaele Insurance Agents!

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Term vs. Whole Life Insurance: What’s The Difference?

Sat, 30 Dec 2023 18:43:50 GMT

Life insurance policy types can be put into two main buckets: term life and cash value life insurance. One of the choices for cash value life insurance is whole life insurance. There are other cash value choices, too.

Knowing the main differences between term vs. whole life insurance will help you zero in on the best life insurance for you.

Learn more at Forbes Advisor: https://www.forbes.com/advisor/life-insurance/term-life-vs-whole-life-insurance/

Life insurance part of a business’s risk management

Sat, 30 Dec 2023 18:43:50 GMT

Operating a business requires you to manage risks to preserve assets and prevent losses. You’ve ensured that you have appropriate commercial liability insurance and perhaps directors and officers coverage or employment practices protections.

Nevertheless, the biggest risk to your business could be the loss of you or other company leaders.

Read more at the Cincinnati Insurance Companies: https://blog.cinfin.com/2020/11/17/business-life-insurance-part-of-risk-management/

Estate Planning Checklist: Get Your Affairs In Order

Sat, 30 Dec 2023 18:43:50 GMT

Estate planning is one of the most important things you will do during your lifetime. Making a plan in case you become incapacitated and preparing for your eventual death can help you to protect your assets and preserve your legacy.

There are many steps that go into this process. This estate planning checklist will help you to do all that you need to ensure that your wishes are met and to simplify the process for your loved ones.

How life insurance saved a business

Sat, 30 Dec 2023 18:43:50 GMT

LifeHappens shares the story of how a successful business owner included life insurance as part of his long-term planning. When there was an unexpected downturn, that life insurance policy saved the business and all those whose livelihoods depended on it. Life Happens Pro

Read more at the Cincinnati Life Companies here: https://blog.cinfin.com/2019/05/21/life-insurance-business-saved/

How Much Life Insurance Do I Need?

Sat, 30 Dec 2023 18:43:50 GMT

If you’re buying life insurance, one of your first questions is: How much life insurance do I need?

There are multiple ways to calculate the right life insurance coverage amount, but not all methods are optimal.

Learn more at Forbes Advisor here: https://www.forbes.com/advisor/life-insurance/how-much-life-insurance-do-you-really-need/