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Hidden Health Insurance Facts To Be Aware Of

Arial Insurance Group helps Chicago, IL residents find the coverage they need to protect what matters most. We strive to establish long-lasting relationships with our clients. We work with multiple carriers across the Midwest to give our clients a wide variety of options.

Hidden Health Insurance Facts

Health insurance helps you take care of yourself. The policy covers emergency visits and preventative care measures such as routine checkups with your primary care physician. Health insurance also covers your prescription medications if your doctor recommends that you take something to feel better. As you research different types of coverage, pay attention to these hidden health insurance facts.

Alternative Treatment

Your health insurance policy may include coverage for alternative forms of treatment. The recent technological advancements have led to the creation of several innovative treatment methods. Your health insurance may cover massage therapy, acupuncture, and chiropractic visits as part of your rehabilitation.  

Mental Health Coverage

Mental health has become a hot topic of discussion. You can amend your health insurance policy to cover treatment if you are dealing with mental health issues, such as bipolar disorder. You can also add mental health checkups as part of your preventative care.

Incentives

Your health insurance policy may include incentives for striving to live a healthy lifestyle. For example, your policy may include incentives for becoming a member of a local Chicago, IL gym. If you have a weight loss goal that you would like to reach or set up a plan to stop smoking, you can outline those goals in your policy.

Arial Insurance Group Will Help You Find The Right Coverage

Visit our website today to learn more information about health insurance.

What Type Of Life Insurance Is the Best?

You have car insurance for your car and homeowners’ insurance for your house. What about your life? Have you protected yourself? It only makes sense to get life insurance to take care of your life and that of your loved ones. 

Are you wondering how to go about life insurance in Chicago, IL? Arial Insurance Group is ready to give a helping hand by providing you with everything you need to know.

Why Do You Need Life Insurance?

Life insurance is a long-term financial plan that everyone needs to pay close attention to. 

Imagine what would happen if you’re the caregiver in your family and suddenly you die? How would life be like for the family members left behind? Would your children continue getting the same quality of life as when you were alive?

These are pertinent issues that need to cross your mind as you evaluate the advantages of purchasing life insurance. 

Life insurance will support your loved ones financially after you’re gone— this is the single most important reason you need to buy life insurance. But what type of life insurance do you need? Let’s look at a few coverages.

  • Term life insurance: This is the most common type of life insurance. It pays the people you choose as beneficiaries a fixed amount of money if you die. However, the money is only available if you die in the course of the term. 
  • Permanent life insurance: This coverage tries to hit two birds with one stone. Offer your beneficiaries income and be a savings account at the same time. As a saving account, this policy is called cash value. It means that you deposit money regularly and can access it as you wish. Unlike term life insurance, it doesn’t expire. 
  • Whole life insurance: This coverage is still meant to pay your beneficiaries after you die, but it has a cash value element. A percentage of your premiums will count as cash value. 

Other life insurance policies include universal life insurance, variable universal life insurance, and joint life insurance. 

Protect Your Loved Ones with Life Insurance

If you’re yet to buy life insurance, then the right time to do it is now! For residents of Chicago, IL, Arial Insurance Group is ready to help you choose the right life insurance coverage. Contact us today for more information.

Ensuring your Vehicle is Properly Covered

When it comes to obtaining auto insurance, you must have, at least, liability insurance to legally drive your vehicle. However, this auto insurance typically does not cover your vehicle and bodily injury if you get in an auto accident. It only covers the other party’s auto repair, medical costs, and more if you are at-fault in the accident. Having said that, there are more types of auto insurance coverage you can have, and the following includes the six common types of auto insurance protection: 

1. Bodily Injury Liability

This insurance coverage is for the policyholder and family members’ injuries. 

2. Personal Injury Protection (PIP)

This insurance coverage is for the driver and passengers’ injuries of the policyholder’s vehicle. It typically covers lost wages, medical payments, and even funeral costs.

3. Property Damage Liability

This insurance coverage is for damage to another party’s property caused by policyholders or someone permitted to drive the policyholders’ vehicle. 

4. Collision

This insurance coverage is for damage to the policyholder’s vehicle due to a collision from another vehicle, vehicle flipping over, or an object. It does not matter who was at-fault with this coverage.  

5. Comprehensive

This insurance coverage is for damage not caused by a collision, such as riots, vandalism, windstorms, earthquakes, floods, and animal contact. 

6. Underinsured and Uninsured Motorist Coverage

This covers auto damage and bodily harm due to an underinsured or uninsured motorist. 

As previously mentioned, these are common types of auto insurance. Other types of coverage include rental car reimbursement, gap insurance, accident forgiveness insurance, and more.

For more information about auto insurance, contact Arial Insurance Group today. Located in Lincolnshire, a northern suburb of Chicago, IL, the agents at Arial Insurance Group have over 30 years of auto insurance experience in Chicago, IL, and surrounding areas. Thus, you will be in good hands with this agency. Contact them today.

I’m a small business owner. Do I really need commercial insurance?

If you’re a small business owner, you may question whether or not you should invest in commercial insurance. The Arial Insurance Group of Chicago, IL understands that small business owners may not understand commercial insurance’s true benefits. As a result, we’re invested in creating understanding and guiding small business owners in making this choice. 

Commercial Insurance Benefits

You aren’t required by law to carry Public liability insurance. However, it benefits businesses of all sizes, even home-based businesses. This insurance protects you and your employees if something happens to cause harm or damage to third parties as a result of your products or services. This includes bodily injury or property damage. However, you could be penalized if you don’t carry workers’ comp coverage, and one of your employees gets hurt at your place of business. Your workers won’t receive benefits if you don’t invest in public liability insurance. The worker’s compensation board could fine you in your state if you don’t have workers comp for your employees. 

Other Considerations…

It’s safe to say that all businesses can benefit from some form of insurance. The types of coverage needed will vary from business to business. This is primarily because businesses vary in terms of the type of business, sector, industry, and business size. It’s best to work with an insurance agent to create a commercial policy that suits your business’s unique needs. We want to help you get the coverage needed to meet your business’s needs, regardless of the size of your business. Give us a call; we want to help guide your decisions as you look for the best coverage for your small business.

How Can Home Insurance Protect My Neighborhood?

When you think of home insurance in Chicago, IL, it likely seems like a personal matter. You purchase a home insurance policy that goes toward your property. Everyone else in the neighborhood does the same, making it an individual choice. Yet, what you do can affect your larger community, and choosing a better home insurance policy can change things for the better. Arial Insurance Group is here to explain. 

Eyes on the Prize 

How you take care of your home makes a difference to everyone. When you take pride in your property, it’s not just the neighbors that notice. A broken window or fallen down porch can signal the wrong people that no one is paying attention to the block. It can give them the idea that it’s easy to infiltrate the homes there. Home insurance helps you make the necessary repairs, so there’s less chance of people making the wrong assumptions. 

Property Values 

The more everyone pitches in to take care of their property in Chicago, IL, the better the property values will be for all. This is financial protection that can help everyone feel more secure in their investment. You clearly can’t control how other people take care of their home, but leading by example is a good way to influence those who might be tempted toward neglect. Again, home insurance is often the measure through which people wind up keeping their property in better shape. 

Arial Insurance Group is here to help everyone in the city, not just our customers. We don’t want to see any blocks start to lose their luster. If you have questions about how we can help you, contact us to inquire about our policies and values. We also can help you with your insurance needs in Arkansas.

Why do I need to get Chicago condo insurance?

Anyone that lives in the Chicago, IL area will have plenty of housing options available. One great option to consider is to purchase a condo. With a condo, you will not have as many maintenance obligations and can enjoy property amenities. If you do purchase a condo, you do still need to get proper insurance. There are several reasons why you need to get a condo insurance policy for your Chicago home. 

Insurance is an Association Requirement

You will need to get condo insurance because it could be a requirement to live in your association. Having condo insurance protects you and everyone else in your building. If your property has a leak that causes damage, your condo insurance will step in to pay for damages. Due to this, having this coverage is a requirement for any condo association. 

Insurance is a Lender Requirement

Condo owners in Chicago also need to get condo insurance because it will satisfy lender requirements. Anyone that buys a condo in this area and takes out a mortgage will need to meet their lender requirements. Most of the time, the lender will have specific requirements and could even escrow for your payments to ensure there is no lapse in coverage. 

If you are looking for a condo in the Chicago, IL area, you will need to make sure that you get the right insurance policy. When looking for insurance in the Chicago area, a great company to reach out to is the Arial Insurance Group. The team at the Arial Insurance Group will be able to explain to you what your needs and options are. This will help ensure you can get into a policy that is right for your situation. 

Health insurance terms you need to know

When it comes to choosing health insurance, it can be very confusing. With so much information, trying to compare policies is enough to make your head spin. Before you can make sure you are comparing apples and apples, you have to understand some health insurance terms. You can’t make an educated choice without the correct information. Having an insurance agent that you trust makes the whole process much easier. If you live in Chicago, IL, Arial Insurance Group is an independent insurance agency with an experienced team. They will help you get through the process of choosing health insurance that gives you the coverage you need at a price you can afford. 

Network

If you have your own doctors, one of the first things you should do when looking at an insurance carrier is to check their network to make sure your doctors participate in that network. Every insurance carrier makes deals with groups of doctors and medical professionals. They negotiate the rates. These are the doctors and hospitals you will need to use with that carrier. 

High deductible

A high deductible is an amount you must pay for covered services before the insurance policy begins to pay. With high deductible policies, this usually starts at around $5000. 

Formulary

The formulary is the listing of drugs that are covered under the prescription plan that you are choosing. Checking to make sure your drugs are on the list and how much each refill will cost is important information for you to know. 

When it is that time of year again, when you renew or look for new healthcare coverage, give us a call at Arial Insurance Group in Chicago, IL. We will help you get the health coverage you need. Call our office to set up an appointment or to ask us any questions you may have.

What are the benefits of getting life insurance?

Those that live in Chicago, IL, and the surrounding communities should seriously consider their life insurance needs. This is a unique form of insurance that offers a variety of benefits that are unmatched by other forms of insurance. Understanding these benefits will help someone determine if getting life insurance is a good option for their situation.

Insurance Offers Financial Protection

One of the main advantages of getting a life insurance policy is that it can offer financial protection to those that depend on you. For those that have dependents, life insurance will give protection in the event they were to pass away unexpectedly. Policyholders can build their policy to ensure it covers all anticipated future expenses that their dependants may need to have covered. Even those that do not have dependants could still benefit from getting a life insurance policy as it can help to cover end of life costs for family members.

Insurance Can be an Investment

Another unique advantage of a life insurance policy is that it can also be an excellent investment. When shopping for life insurance, there are many different options to consider. One option to consider is a whole life insurance policy. When you get a whole life insurance policy, a portion of your premium payments will go into an account that will accrue in value with interest growth. This can make it a conservative investment while also provide other life insurance coverage.

Those that are in the Chicago, IL area, and looking for life insurance should reach out to the Arial Insurance Group. The insurance team at the Arial Insurance Group understands the complexities that come with picking an insurance policy. We can answer any questions you have and ensure you receive proper coverage. 

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!

 

Partner Carriers

  • Aegis
  • American Modern
  • American Strategic Insurance(ASI)
  • Assurant Flood Solutions
  • Berkshire Hathaway Guard
  • Capital Premium Financing
  • Cigna
  • Dovetail
  • Foremost
  • Grange
  • Hagerty
  • Humana
  • Kansas City Life Insurance Company
  • Met Life and Health
  • National General
  • Nationwide
  • Old American Life
  • Openly
  • Progressive
  • RLI Surety
  • State Auto
  • Stillwater
  • Travelers
  • United Healthcare