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Arial Insurance Group Blog

Three auto insurance requirements in the state of Illinois

One thing motorists should know about their auto insurance needs is that every state has different auto insurance requirements in place. At Arial Insurance Group, we offer motorists in Chicago, IL auto insurance policies that allow them to meet the requirements set forth by the state of Illinois.

The following are three auto insurance requirements in Illinois.

At least $25,000 of coverage for the injury or death of one person in an accident.

Motorists in Illinois may be held liable for medical expenses for any individual hurt in an accident for which they are deemed responsible.

The liability insurance of an Illinois driver needs to offer a minimum of $25,000 of coverage, but it’s wise for motorists to invest in additional coverage. Medical expenses for a vehicle accident injury could easily total more than $25,000. 

At least $50,000 of coverage for the injury or death of multiple individuals in an accident.

The state of Illinois requires further minimum coverage when it comes to an accident in which more than one individual is injured. For this scenario, at least $50,000 in injury coverage is required. 

At least $20,000 of coverage for property damage. 

Illinois law also stipulates that motorists must carry liability coverage for property damage. A motorist needs to have at least $20,000 in insurance coverage for damages caused to the physical property of another individual in an accident.

The police can cite motorists in Illinois who do not carry at least the coverage mentioned above. If this happens, their vehicle is likely to be impounded, and they may face a driver’s license suspension. 

You can learn about the features our auto insurance policies offer at Arial Insurance Group by contacting us online or over the phone. We’re here to help motorists in Chicago, IL to meet their insurance needs. If you’re in Arkansas, we also provide services in the Little Rock area.

How does commercial insurance protect freelancers?

As more people in Chicago, IL and all over the world turn to freelance, the question of whether they need insurance comes to life. Many people cite flexibility as the main reason they choose the path of freelancing. However, it doesn’t matter whether you conduct your freelance business while on vacation hikes, in the middle of the forest or at the comfort of your bed, you need some form of insurance to protect you and your seamless business. At Arial Insurance Group, we recommend buying professional liability or professional indemnity insurance.

Why do freelancers need insurance?

To protect you from lawsuits

You need some form of insurance as long as you are earning income. It doesn’t matter whether you are operating your business at home or in an office. Freelancing means operating your business remotely without always having to meet your clients. That doesn’t mean that you are exempted from costly liability lawsuits that could wipe out your business and destroy your entire freelancing reputation. If you provide services to your clients, such as offering advice, you will have a peace of mind that comes with a liability coverage

To safeguard your assets

If your freelancing business requires you to use special equipment, you may need to protect them with commercial insurance. If you run a chain of offices or business premises, natural disasters or accidents like fire can cause damages that may cost you millions if you don’t have any business coverage.

It is sometimes a requirement

If you are dealing with clients, you will come across different clients with different needs and different expectations. Some clients may require you to have insurance before assigning you to work to protect both of you. The most common coverage required is a liability.

Working remotely as your own boss feels like a heavenly job. However, it also comes with ist fair share of risks. If you just started your freelancing business speak to any Arial Insurance Group expert to help you find coverage based on what you do. Call or visit our Chicago, IL offices today!

 

Main reasons to get home insurance

Just like any other valuable asset, it’s quite common to have home insurance if you are outside of a mortgage. It is about protecting your investment and your family in a variety of ways.

Your Legal Requirement

It’s quite common that mortgage lenders will require you to have a minimum amount of homeowners insurance as a part of the deal. Since they see your property as an investment, they don’t want it lost in a fire or other covered disaster.

It may also be the case that the lender will purchase home insurance and charge the borrower. Ideally, you should purchase home insurance on your own because the pricing may not be in your favor. When you get a mortgage within Chicago, IL, consider consulting with Arial Insurance Group to see if you can outmatch what the lender had in mind.

Covered in more ways than you thought

A typical policy will cover more than just your actual structure. Here are just a few examples:

  • Additional structures: sheds or other detached objects could be included.
  • Liability: If other people’s property is damaged or someone is injured while on your property, this can help cover your legal battle down the road.
  • Medical bills if your guests are injured.
  • Living expenses if you have to relocate from a severely damaged home.
  • Covered theft or destruction of valuable personal objects.

With all these in mind, there are limits and deductibles within any policy. Be sure to research the actual cost of your possessions and structures when considering coverage limits. 

What happens to your property is still in your hands, and if something terrible happens, home insurance is a means to mitigate how it affects your life. If you’re looking for a good deal and are located within the Chicago, IL area, be sure to check out what Arial Insurance Group has to offer.

Partner Carriers

  • American Strategic Insurance(ASI)
  • Assurant Flood Solutions
  • Capital Premium Financing
  • Cigna
  • Grange
  • Hagerty
  • Kansas City Life Insurance Company
  • Met Life and Health
  • Nationwide
  • Progressive
  • State Auto
  • Travelers