Is Auto Insurance Mandatory in Indiana?

Auto insurance comes in handy to protect you and your car when the unthinkable happens. So, purchasing auto insurance should be a no-brainer as its benefits outweigh the risk of not having one. Whether you are in a brand-new car or an old one, an accident can happen at any time, and if you are liable, you are deemed to pay for all the expenses. For this reason, most states require that you carry a minimum car insurance coverage.

In Indiana, for example, all car owners are required by law to have an auto insurance policy. Blevins Insurance Agency of Lafayette, IN has prepared what you need to know about Indiana auto insurance.

State-required auto insurance in Indiana

The following coverages should be part of your Indiana auto insurance policy. They include:

  • Bodily injury liability: Pays cost-related injuries to another person if you are at fault for an accident.
  • Property damage liability: Pays damages that you cause to another person’s property.
  • Uninsured motorist bodily injury: If you are hit by an uninsured, this policy can pay for medical bills.
  • Uninsured property damage: If an uninsured motorist hits your car or property, the coverage can pay for the costs involved.

While adhering to the state minimums is superb, you need to consider other auto insurance options for better protection. Optional car insurance coverages include:

  • Comprehensive coverage: It covers your car from non-collision perils like theft, vandalism, and hail.
  • Collision coverage: If your vehicle hits an object or collides with another car, this policy pays for damages or replacement of the car.
  • Medical coverage: The coverage pays for medical costs of injuries sustained during an accident for you or your passengers.
  • Roadside assistance: Provides services like towing, gas delivery, puncture repair, and other roadside repairs when your car stalls away from home.

Ready for your auto insurance? Get in touch with Blevins Insurance Agency for an affordable quote. Better yet, you can visit our Lafayette, IN offices to speak to one of our agents. 

How commercial insurance can save your small business

Owning a business has never been riskier. No matter how well you plan for every eventuality, you can be devastated by something you never thought of. With commercial insurance, you can get the protection you need. Your independent insurance agent will work with you to curate a policy that addresses all the risky areas for your business. At Blevins Insurance Agency in Lafayette, IN, we have more than 20 years of experience. Our philosophy is to treat others the way we want to be treated. We will be there for you today and every day.

Commercial liability insurance

Small businesses are especially vulnerable to being sued. From 36 to 53% of small businesses will be sued in any given year. That is an enormous risk. Having to deal with a lawsuit on your own could kill your business. Liability coverage is one of the parts of commercial insurance just about any business can benefit from. Not only will it help to pay a judgment against you, but it can also help with legal expenses. 

Commercial property insurance

Something as simple as a broken pipe can have a devastating effect on your business. More than just the physical building is covered by commercial property insurance. You may think that you need to own the building, you don’t. Property insurance will cover the machinery you need to do business, office equipment and electronics, and inventory and raw material that you need to create your products. Without insurance to help, your business might need to close. 

Workers’ compensation insurance

Workers’ compensation insurance is required in Indiana. It helps your business by covering work-related injuries, illnesses, and lost wages. 

If you have commercial insurance needs or questions, Blevins Insurance Agency in Lafayette, IN has a team of experienced agents who are there to serve you. Drop into our office or give us a call. 

4 Reasons You Need Life Insurance

The talk of death is taboo to many. However, if you want to secure the future of your loved ones, it’s a topic you can’t avoid. Life insurance helps plan for the life of your dependents after you are long gone. Yes, it’s impossible to replace you, but life insurance makes life easier for those you leave behind.

Sometimes, insurance can be confusing, and knowing what you need can be a tall order. However, when you partner with competent insurance agents like Blevins Insurance Agency of Lafayette, IN, insurance can be broken down into simple, digestible chunks that are easy to understand.

Today, we will take a deep dive into one of the most asked questions: Why do I need life insurance? If you would like to find out, keep scrolling.

To protect your loved ones.

If you have children, aging parents, or a disabled sibling that depends on you for financial support, life insurance is a worthwhile investment to support their financial needs even when you die. Simply put, life insurance replaces your income when it is time to go.

To pay off your debts.

Do you have a home mortgage? Or perhaps you have a federal student loan or a credit card? Since you wouldn’t want to leave a financial burden to your loved ones and loan cosigners, investing in life ensures that your debts are taken care of when you pass on.

Funerals are expensive

Did you know that it cost about $7,000 to $10,000 to fund an average funeral? Of course, this figure can go depending on your funeral wishes. Your family is already having a hard time processing your demise. Adding funeral expenses on top can only worsen the scenario. 

To protect your business.

If you are in a business partnership, your partner depends on you for financial support. If you die, you will leave a huge financial gap that is difficult to fill. Without life insurance, your business could face substantial financial losses and liabilities that could compromise its going concern. However, life insurance can plug the financial gap left as things settle. 

Are you seeking to determine your life insurance needs? Please contact Blevins Insurance Agency. Better yet, you can visit our Lafayette, IN office to speak to one of our agents in person.

The importance of knowing your home’s value when shopping for insurance

The local housing market in Lafayette, IN fluctuates over time. That’s why your house valuation is only an estimate of how much it would cost if it were on the market. However, it becomes more essential when you’re buying home insurance as it is one of the factors that determine your premiums.

Whether you just moved in or want to change your insurer, know that your home’s value has the following benefits:

It can be an essential factor when selling your home

If you intend to sell your home one day, you want to make sure that you know its value to have a reference point when you decide to sell. It is more important if you still have a mortgage. You will need to consider your mortgage amount or your loan balance before checking your house’s value. Ideally, this amount should be significantly lower than the average value of the house.

It helps you determine how much to allocate for renovation

Most people prefer to do several renovations to increase their home’s value when selling it. However, if you don’t know your home’s value, you won’t know if there was any additional value. Some renovation projects can take a toll on your wallet, which may not be worth it in the long run. Blevins Insurance Agency recommends checking with your insurance agent to determine your home’s average value before starting any renovations.

Aid in refinancing

Lenders in Lafayette, IN allow people to borrow a maximum of 75% and 95% depending on the available loan program. While you may qualify for other credit parameters, the equity available is what determines whether you will get another loan or not. The more equity you have, the better your loan terms and the amount you qualify for. Knowing your home’s value shows you the amount you need to borrow and your chances of succeeding.

At Blevins Insurance Agency, we care about your insurance needs. Our skilled agents can help you secure a policy that fits your budget, needs, and style. Contact us for more information.

Three resources to help you find the right auto insurance policy

The auto insurance policy you choose can greatly impact your finances when you need to file a claim. We can help you learn more about finding the right auto coverage in Lafayette, IN at Blevins Insurance Agency.

The following are three resources to help you find the right auto insurance policy.

Internet searches

The Internet is a vital resource when you’re shopping for auto insurance. You can use the Internet to get quotes on various policies and to compare them. Doing your research on the Internet is important for finding quality coverage at a competitive price in your area. 

Insurance company representatives

You can also contact insurance providers directly and ask their representatives any questions you have about insurance options. This helps you to understand the details of particular policies from certain insurance providers doing business in Indiana. 

Make a list of any questions you have before getting in touch with a representative from an insurance provider you’re interested in buying a policy from. This will help you find answers to any pressing questions and give you a feel for the customer service offerings of particular insurance providers. 

Your auto dealer

If you buy your vehicle from a car dealer, you may be able to get a good recommendation on an auto insurance policy to meet your needs from your dealer. Dealerships may have advice on which auto insurance providers offer the most competitive rates for particular vehicle models.

Don’t be afraid to ask questions about insurance providers when you purchase a vehicle from a dealer. 

Do you have more questions about finding auto insurance in Lafayette, IN? Get in touch with us at Blevins Insurance Agency to find the answers you’re looking for.

A Guide To Help Indiana Business Owners Find The Right Commercial Insurance Policy

Based in Lafayette, IN, Blevins Insurance Agency offers residents multiple types of insurance coverage. We strive to help our clients find the policies they need to protect what matters most. We believe that it is important to treat people the way we would like to be treated. We have positive relationships with several carriers throughout the industry.

Commercial Insurance Options and Policies

Owning and operating your Lafayette, IN business is one of your most important investments. However, there are a lot of rights and responsibilities involved with operating a business. The daily process can be overwhelming at times. That’s why commercial insurance is an asset. 

Commercial insurance covers any damages to your building, equipment, or inventory. This should help alleviate concerns if your business is impacted by a fire or natural disaster spreading through the area. You can add business interruption coverage to protect you if your business is shut down for a few weeks due to severe property damage.

Liability coverage is another important part of your policy. Accidents can happen at any time, which is why you need protection. You can rely on liability coverage if one of your customers slips and falls while visiting your store. You’ll also be covered if your customer suffers damages as a result of using your product. If you have an active online presence, liability coverage will give you a safety net if you are dealing with slander allegations. You’ll also want to add cyber coverage so that your business will be protected if a hacker compromises important data.

Workers’ compensation is also an asset. The coverage allows you to protect your employees while also helping secure the future of your business. You can avoid having to go through an extensive legal battle because of an injury in the workplace.

Blevins Insurance Agency Will Help You Protect Your Investment

Contact our office today to learn more information about commercial insurance.

Why do people need to get home insurance?

When you move to the Lafayette, IN area, you should look into buying a property to live in as it can offer you many different long term benefits and advantages. If you do purchase a home when you are here, you should get insurance for it. There are several reasons that you will need this protection. 

Insurance Protects Asset

A reason that a lot of people will get home insurance is that it can protect their assets. There will likely never be a home that you buy that is as valuable as your home. Due to this, you need to make sure that you protect your property and asset as well as you can. With a home insurance plan, you will get the coverage and protection needed to cover and properly protect this asset.

Insurance is Required

Additionally, you will want to get home insurance because it is often a requirement for you to have. Most people who buy homes today will take advantage of the low long-term interest rates with a mortgage. While there are benefits that come with financing your home, there are rules that need to be followed. Most of the time, your lender will require that you have a proper home insurance policy in place at all times.

Those looking for home insurance in the Lafayette, IN area should call the team with Blevins Insurance Agency when looking for a new policy. Many factors need to be considered when looking for a new insurance plan here. The team with Blevins Insurance Agency can answer your questions and make sure that you can choose a policy that offers the protection you need.