How to Avoid Gaps in Your Auto Insurance Coverage

Gaps in your auto insurance could cause problems in getting coverage in the future. Whether you forget to make a payment and your policy is canceled, or you decide to drive temporarily without insurance, you risk paying higher premiums for car insurance in the future. Your best bet is to avoid gaps in your auto coverage whenever possible. Here are a few ways to prevent gaps from occurring.

Establish Automatic Payment

If you’re paying on a monthly basis, it is possible to forget making a car insurance payment, especially if you are juggling quite a few end-of-the-month expenses. Setting up automatic car insurance payments to Chastain Agency Inc. in Gainesville, GA can eliminate this risk, so there are no gaps in your coverage.

Trim Rather than Cancel Coverage

It’s not uncommon for people to sell their vehicle with plans to buy a new one a few months down the line. Rather than cancel your insurance policy altogether, consider trimming it back. You pay bare minimum for coverage and can upgrade your policy with no hassles once you get your new car. Students can apply this same principle when studying abroad for a semester or military personnel when being deployed temporarily overseas. Trimming your policy eliminates gaps in your coverage without hurting your budget.

Put a New Policy in Place before Canceling Old One

If you plan to switch insurers or policies, you should make sure your new policy is in place before canceling your old one. Otherwise, you risk having a gap in your coverage. A gap of a few days may sound harmless enough but could be disastrous if you were to have an accident during that time.

To learn more about the benefits of continuous auto insurance coverage, talk to an agent from Chastain Agency Inc. in Gainesville, GA. We can get you covered whether you’re in the cabbage patch land of Cleveland, GA or near the big apple of Cornelia.

What Needs to be Included in My Commercial Insurance Policy?

Owning a business is a dream for many people in the Gainesville, GA area. While owning a business can be an excellent career for those that are natural entrepreneurs, it also requires you to make a lot of important decisions. One very important decision that you need to make is determining what type of commercial insurance you need to get. When looking for a new insurance policy for your business, several types of insurance need to be included.

Liability

One of the most important parts of any commercial insurance policy is the liability insurance component. If you sell a product or service, you will be taking on some risk whenever a customer uses it. If a customer is injured or becomes sick from use, you could be found liable.  A commercial insurance policy will provide you with protection from these types of liability.  

Workers Compensation

Another vital part of any commercial insurance policy is the worker’s compensation component of it. If you have more than three employees, part-time or full-time, you will be required by state law to carry workers compensation insurance. This type of coverage will provide you and your employees with protection in the event an employee is injured while working on the job.  

Negligence

Finally, depending on the type of work that you do, having a negligence coverage policy would be a smart idea. If you happen to make a mistake that causes harm, you could be found negligent. Fortunately, your commercial insurance policy will provide coverage for this.

For business owners in the Gainesville, GA area, speaking with Chastain Agency Inc. about your insurance needs would be beneficial. The agents at the Chastain Agency Inc. will be able to help you better understand the benefits of commercial insurance and what should be included in your policy.  

Most Important Features Your Renter’s Insurance Should Include

You get renter’s insurance when you are renting your house and want insurance that covers an unexpected event, such as a hurricane or fire, from damaging your belongings. Choose your renter’s insurance wisely, and make sure it has the most important features that you need.

Here are some tips, courtesy of Chastain Agency Inc. in Gainesville, GA.

Specific Coverage

Consider what belongings you have and how much they’re worth when determining what policy to get. Make sure your policy covers whatever you own. So for example, if you have expensive antiques, jewelry, tons of electronic equipment, or valuable artwork, get a policy that covers all that. Also, inform your agent of higher priced items.

Ease of Claims

You get renter’s insurance hoping you will never have to use it, but you get it because you don’t know if you will ever have to use it. Make sure that the policy you get is simple and easy to use. Make sure that if you ever have a claim, dealing with it will not be stressful, time-consuming, or complicated. Verify the dollar amount or compensation you will receive is reasonable and fair if you ever have a claim.

Affordable Cost

You might desire a super-deluxe renter’s insurance policy with tons of bells and whistles, but if it’s way out of your price range, it’s not going to be do-able for you anyway. Stick with a policy that provides you with the coverage you need at a price you can afford.

There are many other aspects that your renter’s insurance policy should include, but those will vary from person to person based on specific and unique needs. Consider your own requirements when deciding which renter’s insurance policy will work for you. And to help you weigh all your options, Chastain Agency Inc., serving the Gainesville, GA area, is only as far as a phone call away. Please get in touch when you are ready to discuss and explore renter’s insurance options and features.

My Ex-Husband Dropped Our Kids From His Health Insurance

There is a lot of misinformation and uncertainty out there about health insurance. At Chastain Agency Inc., serving the greater Gainesville, GA area, we love to clear up these questions whenever we receive them. One of the questions we were recently asked was how a parent can get their children covered if the other parent drops them from their personal or work health insurance.

How do I get my children covered?

If children are dropped from a health insurance plan, the other parent can enroll them in either a private insurance plan or an insurance plan through the health marketplace. This is because this would be considered a life-changing event that allows you to enroll your children in the marketplace outside of the normal enrollment period. 

In order to enroll your children in either type of health insurance plan, you may need to bring in proof that they are no longer covered by your ex-spouses health insurance plan and the reasons why. You may also need to provide proof as to when they were dropped. In most cases, you only have 60 days to enroll them in a new plan within the health marketplace. If you wait longer than this, you may not be able to enroll them outside of the normal enrollment period. This timeline does not apply if you are looking to enroll them in a private insurance plan, as you can enroll in a private insurance plan at any point in time. 

If you are looking for health insurance for your children or for yourself in the greater Gainesville, GA area, let Chastain Agency Inc. assist you. Contact us today to get started.

5 Factors Parents Should Consider About Life Insurance

For most parents, life insurance may not cross your mind until a child comes knocking on the door. You start preparing for your child and worry about the future. Well, the best way to secure the future of your loved one is merely getting covered. Chastain Agency Inc., serving Gainesville, GA, is committed to walking the path with you. To start the journey, here are five factors you need to consider:

Life Insurance Working Mechanism

Life insurance pays a sum of money to a named beneficiary who can be a spouse or your child in case the insured dies. The payment is commonly referred to as a death benefit. When taking the policy, you will be required to list the name of your beneficiary(s).

Types of Life Insurance

There are two major types of life insurance: 

  • Term life insurance
  • Whole life insurance

Term life insurance covers a specified period, for instance, 10, 15, or 30 years. If you die during this period of coverage, the insurer pays the beneficiary. On the other hand, whole life insurance covers you throughout your lifetime. You will be obliged to pay a certain amount of premiums to your insurer. The whole life policy has more uses than term life because it comes with cash value and you can borrow against it. 

Both Parents Require Life Insurance

Studies have indicated that it is beneficial for both parents to have life insurance even if one is stay-at-home. While you may be working, your spouse provides essential child care services. Moreover, in case of demise, your spouse can comfortably take some time off to grieve, adjust, and regain footing with the coverage. 

Amount of Life Insurance 

To decide on how much coverage to buy, you need to base it on your family’s financial need when you are away. Chastain Agency Inc. will guide you through the process. 

Beneficiary to List

When you take a life insurance policy, naming a beneficiary can be difficult, especially when your children are young. You can choose your spouse or appoint a trustee.

Chastain Agency Inc. takes pride in providing Gainesville, GA parents with life insurance. Contact us today for more information!

 

How Much Auto Coverage Do You Need?

If you own a vehicle in Cornelia or Gainesville, GA, before you take it out on the road, you want to make sure that you have the required minimum amount of auto insurance, but you also want to make sure that you have the right amount of coverage for your needs. Chastain Agency Inc. can help you accomplish both. 

What Are the Minimum Auto Insurance Requirements?

There are three main areas of insurance that you want to make sure you have covered. The first is bodily injury liability. In Georgia, you are required to have a minimum of $25,000 worth of coverage per person and $50,000 per accident. You also need to make sure that you have $25,000 worth of coverage for property damage liability. These minimums will guarantee that if you are at fault in an accident, the other driver will be compensated for their damages and losses. If you do not follow the minimum state requirements, you can find yourself facing fines and legal fees.

Is that Enough for You?

Auto insurance can be tricky, but you want to make sure you have the minimum amounts required in Georgia. For some people, it may not be enough. If you have a vehicle that is worth a bit more, you may want to consider more auto insurance coverage. Also, based on your financial situation, there may be a need for higher liability limits because of the rising cost of healthcare and auto repair. 

If you are not sure how much coverage you need or you want to make sure that you have at least the minimum requirements for coverage, Chastain Agency Inc. in Gainesville, GA can take a look at your policy and run you a new quote if needed. Also, try our online rating tool for quotes from home.

Reasons You Need A Commercial Insurance For Your Business

Commercial insurance is one of the most significant investments you can make when starting a business in Gainesville, GA. A commercial insurance policy protects your business from severe financial loss and can be the significant difference between your success and failure. Below are the top three reasons you need a commercial insurance for your business.

Asset Protection

Whether your business is ten years or one year old, there are already hundreds of thousands in an asset that needs to be protected. Protecting your business in Gainesville, GA with commercial insurance from Chastain Agency Inc. will ensure that you stay in business even if you are involved in a frivolous lawsuit, or you lose your property in a catastrophe. Your time, energy, and effort aren’t lost with the occurrence of an unfortunate event.

Product Liability

If your business specializes in the manufacture and sale of goods, then you need a commercial insurance policy from Chastain Agency Inc. as soon as possible. Sometimes the products will malfunction or become faulty leading to injuries or accidents.

The liability hasn’t shifted to the buyer only because the product has left your store. There is need to be protected just in case your products lead to accidents or injuries and you are sued.

Accidents Happen

Even if your business takes every possible precaution, accidents are meant to happen and they will happen when you least expect it. A commercial insurance policy protects against any lawsuit, loss, damage, and liability resulting from such accidents. It helps you to take control of your business and move forward.

Is your business not yet covered? Reach out to us today for a reliable and comprehensive commercial insurance policy for your business.

Benefits of a Floater Policy to Renters Insurance

When people rent houses in Gainesville, GA, many believe their possessions are protected from loss because of the insurance that is taken by the landlord for the building. This happens not to be true. Renters with expensive household goods such as computers, furniture, and music systems require renters insurance to protect them from possible occurrences such as fire or theft. In addition to the renter’s insurance, you can consider a floater policy if you own expensive items such as pieces of rare art or fine jewelry. You can learn more about floater policies by discussing your situation with Chastain Agency Inc.

Floater or rider insurance is necessary for the following reasons.

Protects personal belongings

Even if your Georgia landlord has a policy for the whole building, it does not cater for the personal possessions of the tenants. Therefore, in case of a fire or other cause of damage, you will not get any compensation under the landlord’s policy. Getting coverage for your prized possessions gives you peace of mind and will replace or compensate for the loss.

Borrowed or rented items

Items you have rented or borrowed are included as part of your possessions when it comes to renters insurance. If you live in Gainesville, GA and have borrowed or rented any expensive items, you need to have floater insurance. This policy will help you compensate the owners of the items in case they are lost or damaged while in your care.

Off-premises coverage

You may have part of your possessions located in another area within Georgia. The floater policy can cater for any loss or damage resulting from perils listed in the policy. However, this coverage is limited to just a part of your personal belongings. The limitation varies from one insurance plan to another.

If you have in your possession items that are costly to replace, you need to take a floater insurance policy whether they belong to you or not. Chastain Agency Inc. can help you understand more about the coverage and what to do in your situation. Feel free to visit our offices or give us a call.

Will Insurance Cover Cosmetic Surgery?

According to a report from the American Society of Plastic Surgeons, Americans spent more than $16 billion on cosmetic surgery in 2016. With every dollar spent there was probably a lot of concern about how these surgeries would be paid for. This might have lead people to ask if insurance will pay for the surgery.  Chastain Agency Inc. wants the people of Cleveland, Cornelia, and Gainesville, GA to have the answers they are searching for so the following information is intended as a resource if you are considering plastic or reconstructive surgery

Will Insurance Cover Cosmetic Surgery?

You might assume that your insurance company will not pay for cosmetic surgery, but every insurer has their own rules. Every health insurance company has one or more policies which have different terms and conditions. Your health insurance company may pay for cosmetic surgery; so don’t make the assumption that they won’t pay for it.

When Will Insurance Pay for Cosmetic Surgery?

Whether insurance will pay is entirely dependent on your insurance company. The reason for your surgery will play a big factor in whether insurance will cover it or not. Sometimes people have a need to have cosmetic surgery for reconstructive purposes. When that is the case, your insurance company may cover the cost of the procedure. Most insurance companies have the same operating definition about cosmetic vs. reconstructive surgery.

Definitions

  • Cosmetic surgery is a surgical procedure to enhance a person’s appearance or improve self-esteem.
  • Reconstructive surgery is performed when a person has abnormal structures due to infection, trauma, or congenital effects and is meant to help a person live a more normal functional life. 

We at Chastain Agency Inc. hope this is helpful information and want the people of Gainesville, GA and the surrounding areas of the state to call or email if they have any questions about cosmetic surgery and insurance.

Life Insurance Can Help with Sudden Expenses–Not Just Death

When considering adding life insurance from Chastain Agency Inc., it is important to understand that while such policies are intended to protect your family in the case of your death, many can help you through some of the more difficult moments in life. If your policy includes a cash surrender value, it is possible to take a loan out against the policy.

Sudden Medical Expenses

The costs of medical services in the Gainesville, GA area can be devastating. When facing the bills associated with surgery or critical care, your life insurance may be able to help take care of the immediate bills while you search for a better means to pay back the hospital and doctors.

Emergency Funds

Instead of applying for another loan, you could take a loan out against your life insurance policy to help get the family car back on the road. Another example, it may take up to a year for your home insurance to pay out for storm damage. Drawing against your life insurance can provide you the funds to take care of the repair now instead of later.

Family Crisis

How often have you heard of friends being unable to attend a relative’s bedside in times of crisis? Your life insurance policy can provide you with the funds to pay for transportation and hotels when an emergency arises that requires you to attend the events. Knowing you have that extra cushion can be reassuring in times of crisis.

If you would like more information about the life insurance available in the Gainesville, GA area, talk to your agent at Chastain Agency Inc. today. We can answer your questions and help you start a policy.