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.
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.
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.
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.
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.
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.
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!
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.