Weber’s Insurance can take the mystery out of insurance coverage and bring some light to what has often seemed to be a dark, mysterious subject.
At Weber’s Insurance we have answered a lot of questions. After all, we have been around for two generations. We have seen just about every insurance issue that has existed and we have heard just about every question asked that can be asked.
Here are ten common questions we receive from people seeking insurance and from our faithful customers.
Q: Does Weber Insurance offer all types of insurance coverage?
A: Yes, we do. In fact, many individuals and companies have made Weber Insurance their insurance provider for exactly that reason. We are one of the largest insurance companies in the Prescott, Prescott Valley and northern Arizona markets and we represent dozens of carriers and provide services to individuals, families and businesses.
Q: With all of the changes in health caring being discussed, does Weber Insurance keep its customers informed about issues related to their health insurance needs?
A: Yes. Weber’s Insurance can schedule regular program reviews with a customer and of course, our website is a source for updates. You’ll want to preview our “News” posts for the latest information. You can subscribe to our website which will email you when new information is posted to the site. Finally, you can attend an online event, hosted by Weber’s Insurance. These events are free and provide up-to-the-minute information about insurance services.
Q: What type of life insurance is the best coverage?
A: Life insurance needs vary based upon many factors, such as the person’s age, the objectives for the insurance and how the insurance will be taken. In addition, insurance can be purchased by companies who want coverage of key people, such as a partner. Such coverage helps the company perform in the event of a loss of key person. There are various types of insurance within each category and new products have been implemented over the last 20 years. Weber’s insurance can help you determine and located the best coverage for your particular need and stage in life.
Q: Why do insurance companies often ask customers what deductible they prefer to have with their auto insurance coverage?
A: Deductible amounts are determined by the customer’s comfort level and financial ability to offset some of the cost of repairs incurred in the event of a claim. In addition, deductible limits can reduce overall costs for coverage. A deductable is a set amount of money the insured pays when a claim is executed and the amounts vary. It is, however, a good way to control insurance costs.
Q: What is the difference between an HMO and a PPO?
A: HMO are networks where the insured is required to stay in the network where the insurance company has negotiated the costs. PPOs allow the insured to go out of network and more treatment options. HMO offer smaller premiums but more restrictions, whereas PPOs cost a little more but offer more options to the patient..
Q: Should parents buy life insurance for their new born baby?
A: Perhaps. But before a parent does so, he/she needs to consult with a life insurance specialist to help parents determine why they might insure and most importantly, what the insurance coverage is scheduled to provide. There are many types of life insurance policy and if the objective is to create a college fund via life insurance, the idea might have merit.
Q: Why should a tenant purchase renter’s insurance and how much does it cost?
A: If you lease a home, apartment or condo, it is unlikely that your personal possessions are covered by the owner’s policy. Therefore, if you want coverage for fire, theft and additional liability you can get the coverage through renter’s insurance. Renter’s insurance can also cover your valuables and it is a very affordable product typically costing just a few hundred dollars each year based upon your coverage.
Q: My friend had his homeowner’s policy cancelled after a tree fell on his home, why?
A: Without knowing the claims history of the person, it is hard to say. Companies terminate coverage in cases where the risk or claims history outweigh the cost for the insurer. When activating a policy, this is a question you should ask and you should find out if the insurer has a history of cancellation in your area. Insurers are not necessarily obligated to insure everyone. Some insurance companies have pulled out of hurricane ravaged states because the claims initiated following catastrophe are simply too high.
Q: When should a person buy a term life policy, when they are young or when they reach middle age?
A: Life expectancies have grown dramatically over the past 100 years and it is probably not advisable for a 20 year old woman to purchase a 10 year term policy. However, only you, in consultation with an insurance professional can make the deterioration. It is advisable that males insure under term policies at about 45-50 years of age, provided they are in good health and that the coverage be a 20-30 year plan. Ask your agent about creative forms of term life; there are many.
Q: I am a small business owner with 12 employees, should I consider a benefits plan?
A: All small business owners should consider using employee benefits to build retention of key employees and as a recruiting tool for new talent. Creating the right benefits package can be tricky and will require a lot of input from a skilled benefits expert. There are many types of benefits such as life insurance, health insurance, 401K account and more. Small business owners can create “shared cost plans” and this should be discussed with your agent.