2. Whether it's a high-tech device, jewelry, or some other valuable in your home, are you certain that your homeowners policy is covering those valuables?
Many homeowners who find themselves victimized by burglars—or worse, a fire or some other disaster—also find out too late that they didn't have enough insurance to replace their jewelry.
Here's why: Homeowners policies typically only cover valuable items such as jewelry and watches up to a specific amount. For example, if your limit is $5,000, but you have a $15,000 diamond ring, you'd be on the hook for an extra $10,000 in order to replace it. There might be other issues as well, such as whether your policy covers each individual piece of jewelry at a set amount, or provides coverage for your collection as a whole.
This all might sound complicated, but it's really not—especially when you work with an insurance professional at USA Mutual who can explain your options and make sure you get the right coverage. No matter how you buy your insurance, though, below are a few things you'll want to consider.
Whatever you choose to do, remember that you play an important role in keeping your personal valuables protected, too: Be sure to store them securely, whether in a safe at home or a safe-deposit box at a different location. After all, having the right coverage is great—but it's even better when your valuables stay with you and your family for years to come.
If you would like more information on homeowners insurance or speak with an insurance professional click here.
Let’s think about this: You’ve earned the majority of what you’ll ever earn over the past 40 years. You should have accumulated enough assets to retire and live happily ever after, right?
The ups and downs of the financial markets, however, have been an eye opener about how uncertain your (or anyone’s) financial future may be.
Most people think of life insurance only when they want to protect their family and provide a source of replacement income in the event of their death. They don’t think of it as a buffer to replace lost assets due to market volatility—for example, the market goes south and you die before you have the time to rebuild or replace the lost assets.
They don’t think of life insurance as a buffer to replace lost assets due to market volatility.
Yes, I know. Your children are grown and gone. The mortgage is paid off. You have minimal debts. So, why should someone 60 or older consider purchasing permanent life insurance?
Here are some reasons for life insurance after age 60:
If you would like USA Mutual to provide you with a quote for Life Insurance or would like to speak with a Life Insurance professional click here to make any appointment.