Auto Insurance: Common Covered Perils

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Auto insurance in Lafayette, IN, typically covers various types of damage. However, it only applies to “covered perils.” These are certain events that your policy will cover. It’s important to understand what’s covered under your policy to ensure you have adequate coverage. 

Liability

Liability policies only cover the other person’s personal property damage or bodily injury payments. It will not cover your personal expenses unless an uninsured or underinsured driver hits you, the accident is their fault, and they don’t have enough coverage. There are no other covered perils under this level of coverage. It won’t cover things like theft, natural disaster damage, or vandalism. 

Collision

Collision policies typically cover damage resulting from accidents. Some companies include accidents with objects and animals, such as a telephone pole or deer, under collision coverage. Others include it with comprehensive coverage. Speak with an agent at Blevins Insurance Agency to see which type of coverage you need. 

Comprehensive 

Comprehensive policies cover most things that aren’t accidents with another vehicle. This coverage level includes perils such as damage from natural disasters, theft, vandalism, accidents involving animals, and accidentally hitting property. 

Exclusions

Many insurance companies have exclusions in their auto policies. Policies will only cover damage up to the coverage limits, even if your loss is more than the limit. They don’t cover intentional damage. Damaging your vehicle and filing a claim is considered insurance fraud. 

It’s essential to note that covered perils may vary depending on the insurance company. Professionals at Blevins Insurance Agency will carefully review your policy with you so you know what’s covered. Contact us. We’re currently serving the Lafayette, IN, area. 

Auto Insurance: Common Covered Perils

Posted on by admin

Auto insurance in Lafayette, IN, typically covers various types of damage. However, it only applies to “covered perils.” These are certain events that your policy will cover. It’s important to understand what’s covered under your policy to ensure you have adequate coverage. 

Liability

Liability policies only cover the other person’s personal property damage or bodily injury payments. It will not cover your personal expenses unless an uninsured or underinsured driver hits you, the accident is their fault, and they don’t have enough coverage. There are no other covered perils under this level of coverage. It won’t cover things like theft, natural disaster damage, or vandalism. 

Collision

Collision policies typically cover damage resulting from accidents. Some companies include accidents with objects and animals, such as a telephone pole or deer, under collision coverage. Others include it with comprehensive coverage. Speak with an agent at Blevins Insurance Agency to see which type of coverage you need. 

Comprehensive 

Comprehensive policies cover most things that aren’t accidents with another vehicle. This coverage level includes perils such as damage from natural disasters, theft, vandalism, accidents involving animals, and accidentally hitting property. 

Exclusions

Many insurance companies have exclusions in their auto policies. Policies will only cover damage up to the coverage limits, even if your loss is more than the limit. They don’t cover intentional damage. Damaging your vehicle and filing a claim is considered insurance fraud. 

It’s essential to note that covered perils may vary depending on the insurance company. Professionals at Blevins Insurance Agency will carefully review your policy with you so you know what’s covered. Contact us. We’re currently serving the Lafayette, IN, area. 

Commercial Insurance: Common Exclusions

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Commercial insurance in Lafayette, IN, isn’t always legally required. Business owners often need to obtain workers’ compensation and auto insurance to comply with state laws. Other policies are optional but highly recommended, as they cover things like property damage. However, there are a few exclusions to be aware of.

Employee Damage

Most insurance companies recognize that disgruntled employees may cause damage or that employee theft can be a serious issue. However, it’s up to the business owner to pursue legal action to recover damages caused by employees.

Intentional Damage

Any type of intentional damage is excluded from coverage. Causing damage to your business or inventory to file a claim is considered insurance fraud. Companies like Blevins Insurance Agency may require a police report to ensure you aren’t a suspect in certain situations, such as arson.

Certain Disasters

Every insurance policy provides coverage for damage caused by “covered perils.” This often includes common events such as lightning, fires, and certain natural disasters. However, other natural disasters are excluded and require additional coverage or coverage through another company. It’s common to see wildfires, earthquakes, tornadoes, and floods excluded.

Coverage Limits

Many companies exclude damages that exceed coverage limits. For example, if your inventory costs $150,000 to replace, but your policy only provides $100,000 in coverage, the company won’t pay for the additional $50,000 in inventory.

It’s important to create an itemized list of property, including inventory, and determine how much it will cost to replace them to ensure you have adequate coverage.

An agent at Blevins Insurance Agency can help you learn more about coverage limits and exclusions. We believe in being transparent with our clients. Contact us today to learn more. We’re currently serving the Lafayette, IN, area.

How Blevins Insurance Agency Helps Residents Navigate High-Value Home Coverage

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Owning a high-value home isn’t just about the curb appeal, the prime location, or the way sunlight fills the kitchen at just the right angle. It’s also about ensuring that everything in the home, including the details and investment, is protected from the unexpected. That’s why understanding the ins and outs of high-value home coverage is not just a "nice-to-have," but a necessity.

Why High-Value Homes Need a Different Lens

A standard policy may check the basic boxes, but when your home carries a higher market value, the risks and gaps can be significantly larger. Replacement costs, unique features, and specialized materials can complicate or even invalidate your coverage. Without the right strategy, you might think you’re fully protected, but in reality, you could be leaving key aspects of your property exposed.

Guiding Lafayette Homeowners with Clarity

At Blevins Insurance Agency, serving Lafayette, IN, we understand that your high-value home requires a tailored approach. It’s not just about insuring a structure; it’s about recognizing what makes your home unique. Is it historic craftsmanship, imported finishes, or a custom addition? Each detail influences the type of protection that’s right for you.

We walk you through what coverage truly means for a home like yours, identifying where standard policies might fall short. With the proper knowledge, you can make confident, informed decisions about your insurance.

Protection Designed Around Your Priorities

Integrity is key. The goal isn’t to overwhelm you with unnecessary extras; it’s to ensure your coverage reflects the true value of your home, inside and out. At Blevins Insurance Agency, we create plans that fit your property, your lifestyle, and your expectations for the future.

Contact us today, and let’s make sure the home you’ve invested so much in has the protection it truly deserves.

How Whole Life and Term Life Insurance Are Different

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Whole life and term life are two major categories of life insurance, each offering unique benefits and drawbacks. When considering life insurance, it’s essential to understand the differences between these types and determine which one best suits your needs. The two types operate very differently, and one may be more appropriate for your specific situation. Factors such as cost and convenience often play a significant role in the decision-making process. If you need life insurance, contact us today at Blevins Insurance Agency in Lafayette, IN.

Whole Life Insurance

Whole life insurance is a type of policy that remains in effect for the entire life of the policyholder. Unlike term life insurance, which has an expiration date after a set number of years, whole life insurance remains active for your entire lifetime, no matter how old you get. Additionally, whole life policies build cash value over time, which term life policies do not. This cash value can be borrowed against if needed, providing peace of mind for policyholders who want access to funds in case of an emergency.

Term Life Insurance

Term life insurance is a policy that remains active for a specific number of years. Once the term ends, you’ll need to apply for a new policy if you want continued coverage. Unlike whole life insurance, term life policies do not accumulate cash value, meaning there’s no borrowing option. However, term life insurance is significantly less expensive, making it a popular choice for those seeking affordable coverage.

Get Life Insurance Today

If you’re ready to secure life insurance, contact us today at Blevins Insurance Agency in Lafayette, IN. We’re here to help you find the right policy for your needs.

Two Types of Liability Coverage in Auto Insurance

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Auto insurance policies come with several types of coverage, including liability coverage. A standard policy typically includes two types of liability coverage: bodily injury liability and property damage liability. Both types are essential for protecting you in the event of an accident and are required by law in Indiana. Each type serves a unique purpose, ensuring you are financially safeguarded in different scenarios. If you need auto insurance, we’re here to assist you. Contact Blevins Insurance Agency in Lafayette, IN.

What Is Bodily Injury Liability?

Bodily injury liability covers the costs associated with physical injuries sustained by third parties in an accident. This includes injuries to passengers in the other vehicle involved in the collision. Coverage typically includes medical expenses for treating injuries, as well as costs for ongoing therapies or rehabilitation required as a result of the accident. This type of liability coverage ensures that you are not personally responsible for these expenses.

What Is Property Damage Liability?

Property damage liability covers the costs of repairing or replacing the other party’s vehicle or property damaged in an accident. Whether it’s a car, fence, or other property, this coverage ensures you don’t have to pay for these repairs out of pocket. It’s wise to have sufficient property damage liability coverage, especially in case of an accident involving a high-value vehicle.

Get Auto Insurance Today in Lafayette

If you don’t yet have auto insurance, it’s crucial to get coverage immediately. Indiana law requires auto insurance from the moment you own a vehicle. Don’t delay—arrange your auto insurance today by contacting Blevins Insurance Agency in Lafayette, IN.

Small Business Insurance Guide

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As a business owner, one of your responsibilities is to secure commercial insurance. Some business owners may have questions about selecting the right types of insurance. If your business is located near Lafayette, IN, our team at Blevins Insurance Agency is ready to assist you in choosing the appropriate insurance for your business. We’ve been serving businesses like yours since 2004.

Small Business Insurance Guide

If you own a small business, your company will have unique insurance coverage needs. According to the Indiana Department of Insurance, all businesses must purchase general liability insurance to cover expenses for claims from clients who report damages caused by your company. You’ll also need property insurance in case your building or property is damaged. To protect your employees, you must purchase a workers’ compensation plan and employee health insurance.

Other important types of insurance to consider for your business are commercial auto insurance (for any vehicles used in your company’s operations), cyber insurance (for online activities, especially online client records), and life insurance for key executives of your company. If you need ideas or information about insurance policies that can benefit your employees, check the website of the Indiana Department of Insurance, where you can find a Healthy Worksite Toolkit for small businesses. The website also offers several resource links for small business owners.

Contact Us Today for Your Appointment

As a business owner, you invest your heart and soul into your business, in addition to your finances. Our team at Blevins Insurance Agency understands and shares your commitment to excellence. Businesses near Lafayette, IN have learned they can trust their insurance choices to our team. Contact us to schedule an appointment today, and let’s work together to safeguard your business assets.

Reasons you may want to reconsider the amount of liability insurance you have on your home

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Your home insurance provides a variety of vital coverage to protect you. At Blevins Insurance Agency in Lafayette, IN, we are independent insurance agents who take our responsibility to our customers seriously and are dedicated to making sure your coverage stays current with your needs. This includes updating the amount of liability coverage that you need to protect your assets.

Your financial worth has increased

Chances are pretty good that you are worth more today than when you took out your home insurance policy. Protecting your assets is the primary purpose of your liability coverage, and if your assets have increased, it’s reasonable to expect that your liability coverage should also increase.

You have added a swimming pool to your home.

Swimming pools are great for entertaining your family and friends. They also increase your home’s liability, and increasing your coverage may be necessary to fully protect you.

Your kids want a trampoline.

Trampolines are very popular, and if your kids haven’t asked for one yet, they probably will. If you opt to get one, ensure that it has all the safety features available and that you notify your insurance agent that you have added it to your home. Having someone get injured on your trampoline can get expensive. On average, 100,000 emergency room visits are related to trampolines every year.

You are thinking of getting a dog.

If you are considering adding a furry friend to your family, you must discuss this with your insurance agent. Before you choose the breed that you plan to get, you need to know if your home insurance will provide protection. Some breeds are considered so dangerous that home insurance carriers refuse to provide coverage for them.

Contact our team at Blevins Insurance Agency in Lafayette, IN with all your home insurance needs.

The Differences Between Whole Life and Term Life Insurance

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When you’re considering a life insurance policy, there are different types to choose from. The main types are whole life and term life. Each function, in very different ways, has distinct advantages and disadvantages. Understanding how each of them works before you choose a policy is beneficial. To get started with life insurance, contact us at Blevins Insurance Agency in Lafayette, IN.

Whole Life Insurance

Whole life insurance is a type that remains valid for as long as you maintain the policy. As long as you continue paying for it, it’s yours, regardless of age. Upon death, it pays a death benefit to the beneficiaries. It also accumulates a cash value over time. This is an amount that builds up over the years and eventually becomes enough that you can borrow the amount if you have a financial emergency. This is a helpful benefit that many people take advantage of when they need cash.

Term Life Insurance

Term life insurance functions very differently. It doesn’t necessarily last for your whole life. It has an expiration date after a certain number of years. Once that date passes, no more policies will be in place, and you will have to apply for a new policy to be covered again. This type of policy also doesn’t have a cash value that builds up. However, this is the most affordable life insurance to get. If you have a tight budget, term life insurance may be the right choice for you.

Get Life Insurance in Indiana

It’s important to have life insurance to protect your loved ones later. If you need a whole life or term life policy, just contact us at Blevins Insurance Agency in Lafayette, IN, to get started.

How to Renew Your Auto Insurance

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It’s time for your auto insurance renewal. Ideally, you’ve used this opportunity to shop around and compare rates. Perhaps you’ve found that your current company still offers the best deal. If you’ve decided to renew your auto insurance, be aware that your insurance company may adjust your rates based on new information, such as significant changes in your driving record. Even if auto-renewal is an option, it’s better to manually renew to stay informed about your rates. The manual process isn’t as daunting as it may seem.

The Manual Renewal Process

Firstly, your insurer will update you about the revised rate via email or regular mail. Carefully review the renewal offer and compare it to your policy from the previous year (which you should have saved in your personal records). Look for any changes. These changes, if any, will help you decide whether to renew or not. If you find the offer acceptable, you can pay your renewal quote in full or make an initial payment. You also have the option to call an agent to purchase a new policy or buy one online. Have all the necessary information ready, and keep the new policy in your personal records for future reference.

Contact Blevins Insurance Agency Serving Lafayette, IN

If you live in the Lafayette, IN, area and need auto insurance, please get in touch with Blevins Insurance Agency. Our knowledgeable and experienced agents will strive to provide you with the policy you need.