The importance of life insurance and what it can do for you
Wait, we’re talking about what?
While death is something that people do not necessarily enjoy talking about, or even spend much time talking about, it is simply a part of being human. We are all born and we all face death at some point in our lives. Some face death earlier than others, and some more unexpectedly. The truth is that nobody knows with certainty when they will die. That is why it is so important to make sure that you start looking at Cleveland life insurance policies as soon as possible. The future is unpredictable, but by taking some precautions and being on top of things, you can make sure that even if the unexpected happens, you and your family are prepared to face it.
Protect your family
If you are one of the providers in your family unit, and especially if you are the sole provider, you want to make sure that your children are taken care of financially when you pass. If you do not have a proper life insurance policy set up, then your family could be in a lot of financial struggle. If some unexpected tragedy happened to you or your spouse while your children are still young and need childcare, this situation would be even more tragic. This would affect your family greatly because it would be hard for one spouse to take care of the children and work, and on the other hand it would also be hard to support a family and pay for childcare on one salary. Do everyone in your family a favor and make sure they’re taken care of by ensuring that you have a cleveland life insurance policy set up. If you don’t already have one set up, contact us today to learn more about how we can help you make sure that you get all of the coverage that you need.
When you pass away, your debt unfortunately does not just disappear. As nice as that would be, that is not the case. So what actually happens to your debt when you die? The truth is that any debt that you have, be it from cars, your house, or your credit cards... all of the debt is passed along to someone else. Unless you want someone else to have to carry the burden of any of your debts, it is vital that you look into a Cleveland life insurance policy. Not only should you think about your house, car, and credit card debts, but you should also consider any business debt that you may have if you are a business owner. This is usually not the first thing that you think about when considering Cleveland life insurance, but it is important to remember if your business does have any type of debt.
Leave your family money
It is very important that you set up where your money will go when you pass. This is vital to your children, as you could allow them to inherit money that could fund their college educations or help them to start their dream business. When you set up your Cleveland life insurance policy, you can choose to name your children as beneficiaries, allowing them to access the funds that you will be leaving behind.
We already talked about how if your business has any debts, those will be passed on to the people in your family that are still living, but we also wanted to bring up another point to any business owners out there who are reading this. If you are a business owner, it is important to think about the fact that someday, you unfortunately will not be here on this earth to manage that business. So who is next in line to receive said business? It is important that you talk these things over and get your policy set up so that you have someone in line to receive the business. This is the best option, as you have probably worked very hard to build your company up and would probably like to have a say in who receives it upon your passing.
Funerals aren’t cheap…
Funerals are already sad and stressful enough, but on top of that, the cost of the funeral can also cause unnecessary financial strain and put even more burdens on a newly widowed person, or an older child who lost their parent. Your life insurance policy can help you to pay for the expenses associated with a funeral, saving you the strain and stress of doing it all on your own. Another thing to keep in mind is that some policies will even cover medical expenses that were not covered by health insurance.
What are you waiting for?
By this point you are probably pretty tired of talking about what-if’s and death, but as unattractive as the subjects of death and life insurance are, they are very important topics to think about. We hope that if you read this article today not having a Cleveland life insurance policy, you have begun to understand how essential it is to both you and your family. Not only do we hope that you understand how important it is… we also hope that you give us a call or send us an email today to learn more! We would love to answer any questions that you may have and to meet with you to create a customized Cleveland life insurance policy that will benefit you and your descendants to come.
The Reasons Why You Need Cleveland Renter’s Insurance
Renter’s insurance is very important coverage to have, but the problem is that not many people understand exactly why they need it. There are numerous myths floating around that convince people that it is not necessary, and that insurance is not something that they need to worry about because they do not own their property. These myths couldn't be further from the actual truth. We decided to break down the top five myths that people commonly tell or hear about renter’s insurance in Ohio to ensure that anyone reading this will understand the reasons why you need Cleveland renter’s insurance. This coverage is essential to any renter and we hope that we can break down why that is true in this post.
I don’t need any coverage on my house/apartment because I don’t own it…
You may think that it isn’t your responsibility to get an insurance policy for a house or apartment that isn’t yours, unlike a home owners insurance policy for a home you own. This is a fair enough assumption, but what you should keep in mind is that even if the building is not technically yours, the things that are inside of it are yours. Think of your expensive MacBook, the camera you use to take photos of the kids on every family vacation, and that new flat screen TV that you bought your husband for Christmas. Those wouldn’t be covered in case of theft or damage... unless you had the proper renter’s insurance policy in place! Other factors to think about are personal liability and or medical expenses. For example, what if someone was to get hurt while at your house? Maybe one of the neighborhood children fell and broke a bone. If the child ended up needing hospitalization and the parents decided to sue, you could be in quite a bit of a financial strain. Surgeries and broken bones do not make for a cheap hospital visit, but if you have the proper coverage in place, you don’t have to worry about paying all of these bills or all of the legal fees that may result. The myth that you don’t need coverage for a home unless you own it is definitely one of the most important myths to debunk when thinking about the reasons why you need Cleveland renter’s insurance. Keep yourself protected and you’ll be sitting in a good position if disaster does decide to strike.
Renter’s insurance is too expensive…
Renter’s insurance is one of the cheapest insurance policies that you could have. In many cases this coverage costs a few cents a day. Although prices vary from company to company, they tend to be very low as a whole. If you think about it, apartments are not cheap. If something were to happen to your apartment, you could lose out on a lot. If, however, you have proper renter’s insurance coverage in place, you will not have to stress if something were to actually happen. One tip for cutting costs with this coverage is to try to get it through the insurance company that you already use for other types of coverage, for example, the insurance company that you insure your car through. Make sure to shop around and find the best price in your area, because the prices do vary from company to company.
Renter’s insurance only covers the building and not my possessions…
This assumption is false, because renter’s insurance does, in fact, cover your personal possessions. As talked about above, you want to make sure that new flat screen and the rest of those expensive electronics are protected. If someone were to break in and take them, or your apartment were to flood and they got ruined, you would wish you had put more consideration into the reasons why you need Cleveland renter’s insurance. Save yourself and those closest to you the headache… talk to us today about how you can protect the house or apartment that you rent!
My apartment/house isn’t that nice, so renter’s insurance isn’t necessary...
Regardless of how nice your apartment or house is, the fact is that it is still probably one of the most expensive expenses that you pay for. Think about it like this, you most likely spend more money on rent in a few months than you did on your computer or your phone, and think of the extremes you go to to make sure they are taken care of with phone insurance and that anti-virus for your computer. Homes are not cheap, which means that replacing them and the things inside of them would not be cheap either. It is better to be safe than sorry, so think of that as you are looking further into the reasons why you need Cleveland renter’s insurance, because it can be vital in many cases!
It’s too hard and takes too long to find the right coverage…
The thought that finding renter’s insurance is too hard is a huge misconception and one of the main reasons why we had to write an article titled, “the reasons why you need Cleveland renter’s insurance.” Here at Cobos Insurance, we make it easy for you to get in contact with one of our agents who will take the time to go over our different plans. The agent will listen to your unique situation and recommend specific coverages for your individual needs. We take care of our customers here at Cobos Insurance, and we hope that you’ll give us a call today so that we can take care of your home and anything else you might need coverage for!
Learn What Insurance Coverage Your Cleveland Business Needs
Whether you own a small mom and pop business or a large, thriving company; you face decisions about your business each and every day. For instance, if you own a boutique, you have to decide what clothing you will buy and from what designer. If you own a flower shop, you have to decide where you’ll get your flowers from and how you’ll decorate the shop. Every business owner faces decisions regularly, but aside from purchasing and decorating, it is extremely important to ask yourself if your business is properly insured. This is where we can jump in to help. We want you to have the knowledge to properly protect your business that you worked so hard to build, so we’re going to use this article to help you learn what insurance coverage your cleveland business needs.
General Liability Insurance
General liability insurance is a key component to a successful business, because it is the coverage that covers many things in one policy. This could mean things such as property damage, medical expenses, slander, and the list goes on, but the main idea is that this is the general coverage policy that will do multiple things for your business. This is a great place to start when you are trying to learn what insurance coverage your cleveland business needs. One example of general liability insurance being important to your business could be in a case where someone is in your coffee shop and slips on the wet floor. Say the person was older and had to go to the hospital to get medical treatment after the fall. In this case, it would be extremely important that your business has general liability insurance, because the medical bills, potential lawsuits, and any other fees can really start to add up. It is best to make sure you’re protected in cases like this.
Professional Liability Insurance
This coverage is also sometimes called errors and omissions insurance. This will protect your business in cases of an error or negligence on your company’s part. If you are in the business of providing advice, whether it be medical, financial, etc. this is one to consider because of lawsuits and things that can come with having to provide such advice to customers or clients. Some areas of business even require that you have this coverage in place, especially in the medical industry where things could easily go wrong and your business could end up with a big lawsuit against it if anything were to go wrong. It is better to be protected than to wish you had this coverage after the fact.
If you really want to learn what insurance coverage your cleveland business needs, you should first think about what it is that your business does. Do you own a marketing business that provides a service? Maybe your business is a clothing boutique. Maybe your business is a grocery store. Whatever the case, your insurance needs depend on what your business is providing to customers. With that being said, if your business manufactures or distributes products, you’ll want to look into product insurance. This will just make sure that you are protected from losing money due to a defective product. If your business simply provides a service, you will not need this coverage. Knowing what your business provides for people will help you to learn what insurance coverage your cleveland business needs.
Commercial Umbrella Insurance
This one is more of an add-on to your coverage, as it gives you more coverage outside of your other policies. What we mean by this is that it can help pick up costs and things that went over or didn’t fit into one of your other policies. One example could be someone getting injured on your company’s property. If they were to sue and the fees and medical costs for that exceeded your other coverage, this is where commercial umbrella insurance would come into play.
Your workers are the ones that keep your business going, so it’s important to take care of them. This coverage ensures that your employees are covered, with one example being on-the-job injuries. If an employee is injured while at work, you will definitely want to have workers compensation in place, because that employee will most likely need medical attention, have legal fees, and be out of work for some time. For example, if an employee were to fall off of a ladder while at work they could break bones and potentially be hospitalized, have to take weeks off work, and will most likely have legal fees to deal with. You want to make sure that your employees feel safe and valued in their workplace and one great way to do this is to have this coverage in place.
Commercial Auto Insurance
This type of coverage is necessary if your business uses any type of cars. Damage to company vehicles and liability coverage are two things that are typically covered in commercial auto insurance. Other things that your commercial auto insurance policy may include are medical payments, uninsured motorist coverage, and non-owned coverage. It is important to talk with your insurance agent about which types of coverage your business specifically needs.
Small Business Insurance
Small business insurance is another one of policies that does multiple things. You can also add coverage on with this, so while you are out there trying to learn what insurance coverage your cleveland business needs, consider this coverage if you own a small business. From liability issues to replacing income that is lost, this policy is designed specifically to meet smaller business needs.
Reach out and contact us today to learn what insurance coverage your Cleveland business needs!
Cleveland Car Insurance: Why You Need It, What You Need, and How to Get It
Why you need it…
If you’re anything like us, you won’t buy something that you don’t really want unless you need it. We also wouldn’t buy something if you didn’t understand why you need it. We’re breaking it down into three simple reasons why you’ll want to consider purchasing car insurance (for our Cleveland natives, yes, we’ve got you covered with Elyria car insurance and Avon Lake car insurance). Here are the three basic reasons why you need car insurance and why it is not a waste of money, in our opinion.
It’s a state law
Not only is it important, but car insurance is actually necessary in most states. You can’t argue with the law, you’ve simply got to follow it. For our Cleveland-area readers, Ohio laws say that car insurance is necessary. This means that you’ll need to purchase that Elyria car insurance or that Avon Lake car insurance policy. Good news, we’ve got the coverage that you need! Simply shoot us an e-mail or give us a call and we’ll be happy to help you choose the coverage that works best for you.
Accidents are expensive
If you’ve ever had anything happen to your car, you know this to be true. Even simple scratches and dents can rack up repair costs in the thousands-of-dollars range, so imagine a full-on collision. Not only would the repair costs be extremely expensive, but so would the medical bills and potential lawsuits. Car insurance being a requirement in most states is actually very beneficial, because it forces you to protect yourself from potential situations where you could end up going into a great amount of debt, simply because of an accident.
Your lender may require it
Some loans and lease agreements require certain types of car insurance coverage to be on your car. Comprehensive coverage and collision coverage are two that are typically necessary if your lender requires you to have coverage. It is important to figure this out, preferably before you buy your car, to ensure that you know what you’re getting into and to make sure that you are doing everything the right way. Cleveland natives, do yourself a favor, follow your lender’s rules and get yourself that Elyria car insurance or that Avon Lake car insurance policy.
What you need...
Now that you know why you need car insurance, let’s talk about what coverage options you may want to check out further. Please note that these are just a few of the available policies, but you can learn more about all of the options we offer by getting in contact with one of our agents today.
What liability coverage does, for the most part, is to cover costs when you are in an accident and at-fault. This could mean your insurance company paying for the other party’s property damage or medical bills. This coverage is the minimum, basic coverage that most states do require. This coverage is necessary, so if you’re on a very tight budget, this might be the one that you go with. With that being said, it can really pay off in the long run to go with another type of coverage that gives you more protection and even more coverage.
Uninsured and Underinsured Motorist Coverage
This coverage is honestly a shield from people who have not been responsible with getting their own proper insurance coverage. If you were to get in a wreck and the other person had no insurance, that could be a very big problem for you. If, however, you have this coverage, your insurance company will help you out in situations like this and save you a lot of stress in the end. Another example of this coverage being beneficial could be an instance where the other driver in an accident doesn’t have enough insurance coverage to pay your medical bills or for the full car repairs that you need. In a case like this, uninsured and underinsured motorist coverage would come in handy. If you live in the Cleveland area and are interested in coverage like this, talk to us today about our Elyria car insurance and Avon Lake car insurance.
Comprehensive coverage is something that will come in handy in cases where your car is damaged, but not from a collision. Situations could include theft, hail, vandalism, and more. This coverage is sometimes mandatory for those who are leasing or financing a car. One example of this coverage coming in handy would be a hail storm. If you’re one of the unlucky ones who ends up with a dented car from a hail storm, you’ll definitely want to have comprehensive coverage in place, or else you may be paying a lot of money out of pocket simply to fix up your car.
Collision coverage is what it sounds like… it’s simply coverage that helps pay for car repairs in cases of an accident. It is very important to keep in mind that although this is important, and in some cases required, this coverage will only help pay for repairs to your car, not the other person’s. This also will not cover any medical bills, regardless of whether they’re your medical bills or the other person’s.
How to get it…
This may just be the most simple step in car insurance because we make it easy on you! Simply contact Cobos Insurance via e-mail or phone call today to speak with an agent that can listen to your unique needs and help you determine what coverage best fits those needs. We especially encourage our fellow Cleveland natives to talk to us today about Elyria car insurance and Avon Lake car insurance. Happy car insurance shopping!
Why you should review your Cleveland home insurance policy in 2019
There are many reasons why you should review your Cleveland home insurance policy in 2019. One very big reason for this is that the value of homes are always changing. Whether it is the new addition that you put on your house or the damages that occurred because of the last hailstorm you had, there are many reasons why the value of your home may have changed in the past year. It is very important that you are in-the-know when it comes to these things and that you know the value of your home so that you are able to make sure that you have the proper insurance coverage that you need.
Some things you will want to consider...
Rates may have changed
You should always know how much you are paying for your insurance. If you aren’t careful, you may fall victim to your insurance company upping the price for coverage and you having failed to see that until you’ve already paid the higher cost for months. You always want to stay on top of every bill you pay, because rates change regularly with all types of companies, from your Wi-Fi provider to your barber, and most times without you even realizing it until you’ve already paid the higher rate for a while. Stay on top of things by regularly checking your bill and checking in with your insurance company to make sure that you are able to catch any changes and talk them over with your insurance agent.
Another major reason you should review your Cleveland home insurance policy in 2019 is due to renovating. When you renovate your home, or in other words, when you improve your home, you increase the value. From remodeling your bathroom, to finishing your basement, to adding a room on to the house; these are all important things to discuss with your insurance agent, as they change the value of your house. When you increase the value of your home, it is important to realize that the increased value isn’t automatically added on to your insurance policy. It is important to talk with your insurance company about the increase in value of your home. If you do not do this, you could end up paying for certain repairs on your own, were something to happen. If, for instance, you remodel your basement and add a brand new entertainment system and theater seats to turn it into the ultimate movie-watching spot, you most likely added value to your home. If something were to happen in your basement, like a potential pipe leak that lead to a flood, you could end up having damages to these new improvements. If the improvements weren’t shown on your insurance policy, then you will likely have to pay for these things on your own. This is just one example of why you should review your Cleveland home insurance policy in 2019 in order to make sure that everything in your home is protected, even the new and improved parts.
Damages (flood, hail)
Although we hate to tell you this, damages do play in to the value of your home. Whether it was a flood that ruined your basement, or a hailstorm that ruined your roof or the siding on your house, damages are a huge reason why you should review your Cleveland home insurance policy in 2019. Stay on top of making sure that your home’s value is correct, always talk to your insurance agent about things, and ask questions if you’re unsure. The people who are trained to help you find the value of your home surely know their stuff, so why not reach out and ask questions today.
Qualifying for new discounts
Some perks to home improvements are that they make life more convenient, put you at ease, and make you feel a little bit safer in your own home. What if we told you that they also may qualify you for a discount on your insurance? Yes, that’s true, and if you have recently made improvements to your home, you’ll want to read this part. Whether you just installed an alarm system or updated your plumbing, making your home safer will benefit you in more ways than one. With updated safety features, updated plumbing, updated electrical, and any other safety updates you may make to your home, your home essentially becomes, well, safer. This also means that it is less of a risk for insurance companies. This, in turn, leads to discounts/reduced costs. Great news for those who have recently decided to improve their homes! Be sure to talk to your insurance agent today if you feel that you meet this criteria, because your discount may just be a call away.
The value simply went up…
Maybe you built a home in an up and coming neighborhood, and by now everyone and their brother wants to live there. Property values change regularly, and it is important to be aware. Not every area will stay at the same value this year and where most people want to live is constantly changing. It’s important to be mindful of this and to go back over the value of your home often, as it is not always just about the inside of your home, but the property that your home is on as well. Talk to your neighbors, do your research, and talk it over with a trusted insurance agent.
And with that...
For all of these reasons, it is so important to stay in-the-know and be aware of your home insurance policy as it changes. By being on top of things, you prevent headaches down the road, as well as potentially saving you and your family a good amount of money. All the more reason why you should review your Cleveland home insurance policy in 2019. Happy New Year, and we hope you’ll be in touch with Cobos Insurance for all of your 2019 insurance needs and beyond!