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.
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.
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.
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.
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.