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Arial Insurance Group Blog

Illinois Home Insurance – What You Need To Know About Home Insurance

Home Insurance is one of the most important services you can ever purchase. By just paying a monthly premium, your home and all contents within it are protected from most disasters.  But what kind of insurance coverages for your home are available?  For those in the market for home insurance, Arial Insurance Group in Chicago, IL has options for the homeowner.

Legal Requirements

If you own your home outright, there are no legal requirements in having home insurance, although it’s strongly suggested that you have it for peace of mind and financial protection.  If you have a mortgage on the home, it’s a requirement of the terms of the mortgage to have the home insured.  This protects your personal items inside the home and it also protects the lender’s collateral during the life of the mortgage.

Insurance Options

Most basic-level home insurance protects the structure (the house itself) and the personal items inside the home to a certain dollar amount.  You can pay a higher monthly premium to have a higher dollar amount coverage limit.  This coverage offers protection against burglaries, damage to the structure (tree falls on the house during a storm, etc.), and fire.  There are also additional coverages that you can get that will protect the property at-large (liability insurance) and flood insurance for flood-prone areas.  

Some insurance policies will also provide displacement coverage in the event of an emergency.  For instance, if you’ve suffered fire damage (a claimable event) to your home and you need to live elsewhere for a time (hotel, house rental for a month, etc.) your insurance will cover the costs for that expenditure.  The insurance company will either set it all up for you ahead of time, or they’ll reimburse what you paid for those services.

More Information

You can learn more about home insurance by contacting Arial Insurance Group in Chicago, IL today!

Top Benefits of Condo Insurance

Most residents of Chicago, IL have discovered the advantages of owning or renting a condo. They are conveniently located near growing centers, allowing you to access almost anything with ease. Getting condo insurance with Arial Insurance Group is an excellent way of ensuring that you are protecting your investment. Considering that the condo association insurance policy only covers the external part of your residence, here are a few benefits you will enjoy by getting your own condo insurance.  

Liability Coverage

If your guests suffer an accident in your house and they get injured, or their property is damaged, you automatically become liable. That means you are supposed to cover their medical expenses and the cost to repair and replace the damaged property. However, your policy comes in handy with condo insurance and covers these costs, saving you from a financial loss.

Covers Personal Belongings

Like furniture, electronics, fine art, and jewelry, your personal property faces various risks like fire, water damage, theft, and vandalism. With condo insurance, if you are exposed to any covered risk, your policy covers the cost of repairing or replacing items, ensuring you are compensated for that loss.

Loss of Use

If your condo unit becomes inhabitable after suffering a covered loss, you will have to relocate till the unit is repaired. Condo insurance helps cover the additional expenses such as accommodation and transport. This ensures you are not left stranded for the time being.

Covers the Interior

Your condo association policy covers only the external structure of your home. When renting a condo, you are responsible for the internal structure, including fittings, fixtures, drywall, and carpets. When any of these are damaged, condo insurance covers replacement and repair costs.

At Arial Insurance Group, we want you to enjoy these benefits and more by insuring your condo. Our agents in Chicago, IL are ready to help you pick the right coverage designed for your needs. Contact us today for any assistance.

Health insurance FAQs

When it comes to health insurance and choosing your plan for the year, most people have lots of questions. It is an important decision and much depends on getting it right. Many factors need to be considered if you don’t want to end up with coverage that just isn’t right. At Arial Insurance Group in Chicago, IL, we have 30 years of experience helping clients to find the correct insurance for their needs. 

How do I know if my doctor takes the health insurance I am considering? 

All carriers have networks of providers and you need to go online to their website and check to make sure your doctor is in the network for the plan you are considering. Another option is to call your doctor’s office and ask them. You can also call the carrier to double-check. 

Who should have a high deductible plan?

A high deductible plan is good for you if you don’t have a serious illness and need ongoing care. It also works well in combination with an HSA that allows you to save tax-free for your out-of-pocket medical expenses. 

Can I see a provider out of network?

You can always see a provider outside of your network. The correct question is will my insurance pay if I visit a provider outside of my network. The answer is, it depends on the type of health insurance plan you have. If it is an HMO, no, you won’t be covered for an out-of-network provider. If you have a PPO or a POS you will have more options for going out of your network. 

What is a copay?

A copay is the portion of a service that your insurance covers. Most services require a copay. 

Contact Arial Insurance Group in Chicago, IL when you need to discuss your health insurance needs. 

Why You Need Life Insurance Now

While life insurance can seem confusing and complicated, it’s an important protection to have to ensure your loved ones and family members don’t face financial hardship if something should happen to you.

When researching life insurance, it is vital that you assess your current financial situation and the needs of your dependents or survivors. Owning a life insurance policy will help loved ones meet any financial needs that your income would have covered otherwise.

If you’re looking for guidance while navigating the world of life insurance in Chicago, IL, Arial Insurance Group is here for you. We have the knowledge and expertise to help you make the right choice for your family.

Don’t Put Off Getting Life Insurance 

Because it can be overwhelming, many people procrastinate selecting a life insurance policy because they’d rather not deal with it. We highly advise you to take the time to do your due diligence and find the policy that fits your needs now and that will take care of your family when you no longer can. 

Is there anything more important than your family’s financial stability? Certainly not. 

Policyholders can design their policy with the guarantee that it covers all potential future expenses that their dependents may require. It’s understandable to feel uncomfortable when trying to plan ahead like this, but it’s worth knowing your loved ones will be secure.

Even if you don’t have dependents, it’s still an advantageous option to have life insurance so it can help cover end-of-life costs for family members.

For residents of Chicago, IL, Arial Insurance Group is passionate about helping people choose the right life insurance coverage. Contact us today for more information, and we’ll get you on the path to long-term peace of mind. 

Is Your Auto Insurance Right For You? Here’s How to Tell

Your auto insurance policy should do everything within its power to cover your needs as a car owner. However, we at Arial Insurance Group know that many Chicago, IL drivers may be uncertain of whether their policy is right for them. So here are a few questions you need to ask to know for sure.

Does It Cover Your Needs?

Auto insurance should provide you with a myriad of protection types, each of which is specifically suited for your needs. However, many people end up frustrated with their policy if it does not cover everything that they want. So pay attention to things like:

  • Liability
  • Collision coverage
  • Protection from mechanical failure
  • The dangers of low-insurance drivers

These problems are particularly potent in Chicago, which has an extensive range of drivers that may cause many issues. As a result, you may want to talk to your provider to learn more about whether it’s time to upgrade.

When Is It Time to Upgrade?

It’s likely time to change your insurance policy if you don’t believe its coverage meets your needs. For example, you may have a policy that handles basic collision but does not cover liability concerns. On the other hand, in a big city like Chicago, you need the policy to pay for accident coverage.

Just as importantly, you may want to upgrade your policy if you have anyone else on it, such as your children, and you find that their needs are not being met. For example, young teens often need specialized policy coverage.

Who Can Help?

If you think it’s time to change your auto insurance policy in Chicago, IL, please contact us at Arial Insurance Group to learn more. We will do what we can to help insure your vehicle with a policy that works for you.

What are the Benefits of Commercial Insurance?

Pause for a moment, and think about all the hard work you have put into your Chicago, IL business. Consider the resources, time, and dedication you have injected into your business to make it successful. It’s significant, right? For these reasons, you need commercial insurance from Arial Insurance Group to safeguard your investment.

Unfortunately, many business owners overlook commercial insurance to save some money. However, this trend can sink your hard-earned venture when the unthinkable strikes. If you have been having second thoughts about business insurance, here are the reasons you need commercial insurance. 

Boosts the credibility of your business

Most clients like dealing with reputable and credible businesses. And one way for confirming your credibility is to check whether you have commercial insurance. Business insurance is evidence that it’s safe to conduct business with you.

Protects your employees

Your employees are the most invaluable assets of your business. For this reason, it makes sense to protect them optimally with commercial insurance. Workers’ comp insurance covers your employees’ medical expenses for illnesses and injuries sustained in the workplace. Besides, this coverage pays for final expenses and partial loss of income where the employee can’t work due to disability.

Protects you against disabilities

If you live in America, you know your business faces litigations right, left, and center. Lawsuits could emanate from disgruntled employees. Besides, you could face legal charges from bodily injury and property damage you cause to third parties. Without liability coverage, you would have to incur out-of-pocket expenses to meet legal costs. 

Protects your assets

Can you imagine the amount of loss you would incur if fire, hail, and other calamities were to strike your business? Starting from your building to assets like computers, furniture, and inventories, not many businesses can survive a significant blow to their assets without commercial insurance. 

Protect your business today!

Would you like to protect your Chicago, IL business with commercial insurance? Please contact Arial Insurance Group for a personalized quote. 

When do property owners need to have home insurance in Chicago?

Chicago, IL continues to be one of the most vibrant and populated cities in the country. There are always people looking to move here to enjoy the great professional options and variety of recreational amenities. Anyone who is planning to move to Chicago should think about buying their own home as there are plenty of long-term advantages that come with homeownership. If you buy property here, you will need to maintain the proper insurance for a few reasons.

When Taking Out a Mortgage

A common situation when having a home insurance plan will be required when you are going to take out a mortgage. If you are going to finance your home, the mortgage lender will always want to know that your property is covered with insurance. In almost all cases, this will include approving your initial policy before close and then having you escrow your payments each month. 

When Trying to Protect Home

Even if you do not have a mortgage or insurance requirements, an Illinois property owner still needs to have home insurance to protect themselves adequately. The best way this can be done is with home insurance. It will protect the dwelling, give personal liability protection, and protect your personal assets up to your policy limit. 

Property owners in Chicago, IL need to carry home insurance at all times. If you assess your insurance needs in this area, speaking with Arial Insurance Group can be a great decision. There are many choices to make when looking for coverage, and Arial Insurance Group can ensure you understand your needs and options. This can help ensure you and your property are fully covered with insurance.

Condo Insurance FAQs

Condos are a popular housing option in Chicago. They are an affordable way to break into the housing market. Condos give the benefits of homeownership and often provide other appealing amenities. When it comes to insurance, condo insurance shares many aspects with home insurance but has its differences. Arial Insurance Group in Chicago, IL offers outstanding service, and our team knows to provide our customers with the answer they are looking for.

Doesn’t my condo association have insurance on my condo? 

Yes, the condo association does have a master policy. A master policy covers the common areas owned by all the owners, and it also covers the exterior portions of the building. It provides coverage for the building and also liability coverage for public and common areas. While this is valuable protection, it doesn’t do a lot for you and your personal possessions inside your unit. It is important you make yourself aware of the exact coverage the master policy provides and how deeply the coverage goes into your unit. 

What kinds of coverage does condo insurance offer? 

The main types of coverage condo insurance provide are:

  • Liability coverage
  • Contents
  • Loss of use

Liability coverage protects you from legal actions that may be taken against you when someone is injured at your home or by a family member. It will pay for a judgment against you up to the limit of your policy. 

Contents coverage pays to replace or repair your possessions. It can be actual cash value or replacement costs. 

Loss of use provides the money you need to find a place to stay while your condo is not habitable due to a covered peril. 

Am I required to carry condo insurance? 

In Chicago, IL, you are not required to have condo insurance unless you have a mortgage, and then your lender will require it. 

Contact Arial Insurance Group in Chicago, IL, when you’re in the market for condo insurance.

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.

Partner Carriers

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