Four misconceptions about life insurance

Life insurance is an essential financial product if you want to protect your family in Savannah, GA against future uncertainties. TruePoint Insurance offers life insurance solutions that can give you peace of mind.

Unfortunately, there are a lot of misconceptions out there about life insurance. The following are four misconceptions about life insurance to be aware of. 

It will be easy to buy life insurance later.

Consumers could face problems if they procrastinate about buying life insurance. If you wait to buy life insurance, you could experience a serious chronic health condition in the future that may compromise your chances of getting affordable coverage.

It’s generally more difficult for older consumers to get the best life insurance deals than for younger consumers. That’s why it’s best not to put off buying life insurance. 

There is not a lot of difference between life insurance policies.

When you buy life insurance, you need to understand all the different types of coverage, like term, whole, and universal life insurance. This way, you can be sure that your policy is customized to your situation. 

Most people don’t need life insurance.

There is a common misunderstanding out there that only very wealthy people need life insurance. However, the truth is that any consumer with dependents should have life insurance to protect their dependents’ financial future. 

You only get life insurance for the death benefit.

Some life insurance policies, like whole life insurance, have a savings component and a death benefit component. You can opt for this type of policy if you want a permanent life insurance policy that will help you to accumulate savings over time. 

Learn more about life insurance options in Savannah, GA, by giving us a call at TruePoint Insurance. We’re here to assist you if you need to get a quote on a life insurance policy. 

RV Insurance: What You Have to Know

Doubling as both accommodation and transportation, RVs are often a budget-friendly way to travel for those always on the road. In recent years, there has also been an influx of individuals and families choosing to sell their homes and live in an RV full-time. Because of this, it’s become increasingly important to find the appropriate insurance coverage to protect your investment. Your RV is likely one of your most significant physical assets, and you should work with a Savannah, GA insurance agent who understands its role in your life.

Special Considerations for RV Insurance

When insuring your RV, the process and terminology are similar to insuring your car. There are three standard areas of coverage: liability, collision, and comprehensive.

With RVs typically being some of the most significant vehicles on the road, they commonly cause a lot of damage during an accident, regardless of who was at fault. This is where liability and collision insurance come in. These coverage types will ensure that you are protected in the event of a lawsuit and are not stuck paying for repairs out of pocket.

Comprehensive coverage must be considered for those who live or travel in areas prone to hurricanes, flooding, hail, and other natural events that may damage your RV. In addition, you may want to add coverage for specific events you might face, like roadside assistance and hotel stays.

Find the Coverage You Need at the Price You Can Afford With TruePoint Insurance

RVs are an invaluable asset to many families in Savannah, GA. You can protect them as such with help from the team at TruePoint Insurance. For over a decade, TruePoint Insurance has helped RV owners find the right policy without breaking the bank. Call us today to learn more about what we can do for you!

Uncover the Unexpected Benefits of Life Insurance for Child-Free Couples

Life insurance is often thought of as something that only benefits married couples with children, but it can also benefit child-free couples. It can provide financial security in case of death or disability and also offer tax benefits. In this article, we at TruePoint Insurance will look at some of the unexpected benefits of life insurance for Savannah, GA couples who don’t have kids.

How Life Insurance Can Cover Final Expenses

Life insurance can be a critical source of funds for those who do not have children to help cover the costs associated with their final expenses. Life insurance proceeds are not subject to probate and can be paid to your designated beneficiary when you pass away. This money can be used to pay for funeral and burial expenses, medical bills, and other outstanding debts.

How Life Insurance Can Help Pay Off Debt

With a life insurance policy, the insured individual can designate beneficiaries who will receive the policy’s death benefit when they die. Beneficiaries do not necessarily have to be children of the insured. This death benefit can be used to pay off any remaining debt, such as credit card debt or student loans.

How Life Insurance Can Enhance Retirement Plans

Life insurance policies can be used as collateral to secure loans, which can be used to fund investments that will help with retirement planning. Ultimately, life insurance can provide financial security for those without children and can be a powerful tool in retirement planning.

TruePoint Insurance of Savannah, GA is dedicated to providing quality life insurance to us. We are committed to providing you with the most comprehensive coverage to help protect the ones you love. Our team is here to answer any questions and provide you with the support you need.

How To Find Out If You Are Located In A Flood Zone

Is My Home Located Within A Flood Zone?

It only takes a couple of clicks on the right website to determine if you are located within a flood zone. If you reside in Savannah, GA, the best way to find out if your home is situated in the flood zone is to visit the usa.gov homepage. You can get in contact with their permit and floodplain manager directly! His name and contact information are on the header page.

Savannah, GA utilizes a comprehensive flood mitigation plan to ensure that its residents are safe and dry. In addition, Savannah has a repetitive loss area analysis and a program for public information. This information is located on the header page and has links to each.

Most importantly, you can find out if you live in a flood zone by clicking on the flood map information link on the right side of the page.

Savanna, GA is growing by leaps and is bound to answer your questions about flood insurance and general information about flooding. The city officials want you to get involved and provide contact information to report extreme weather and areas where you notice flooding.

The critical information that is gathered by their cities’ flood protection program will give you information about:

  • existing flood zones
  • how to protect your home and your property
  • how to save funds when it comes to flooding and the damage that comes with it

TruePoint Insurance Is Dedicated To Helping You Secure Flood Insurance

The fact is that the state of Georgia does not require flood insurance. However, your mortgage lender may require flood insurance based on where you live on the flood map. That’s where TruePoint Insurance comes in. Serving Savannah, GA, as well as the surrounding area, we can help you secure flood insurance and other necessary insurance to make your life’s investments secure. Contact us by email or at 502-410-5089 to learn more.

Life Insurance FAQs

Life insurance can be tricky for many people. We at TruePoint Insurance, serving Savannah GA, are here to help answer your questions about this important piece of your life. Here are some of the most frequently seen questions we get at the agency.

I’m too young for life insurance, right?

We see this all the time. What we like to ask people after this is, “Are you a parent? A spouse? A son or daughter?” Anyone at any time needs to have life insurance protection. We can use these as mortgage protection, a part of financial planning, even income replacement after a death. Life insurance may not be a topic everyone wants to discuss, but it is very needed.

What’s the difference between term and permanent life insurance?

This is an excellent question and one we always love to answer. Term insurance has lower premiums but has no cash value and it is for a set amount of years. You may renew these policies if needed. Permanent life insurance is a little higher in premium, but it builds a cash value and is with you until the day you die. One is not “better” than the other but one policy may be better suited for your situation.

How much insurance is enough?

While there is a lot of talk about 5-8x your yearly income being the factor, there are questions that are better to understand how much insurance you need. You should factor in how much debt you have, estate taxes, any college you’d like to pay for the children left behind, the income you will not be providing after death, as well as factoring in the cost of inflation. Talking over your needs with a licensed agent can better get you to the number you need than pulling an arbitrary number out of a hat.

Can I insure myself?

There is a thing called “insurable interest” that means that only someone who will feel your loss can insure you. So no strangers and not yourself. Besides family, creditors and business partners may fall in to the category of “insurable interest”.

TruePoint Insurance, serving Savannah GA, is here to answer whatever insurance questions and concerns you may have. Call or come by the office to speak with one of our licensed insurance agents today.

Business Insurance for Savannah Small Business Owners

The kind souls of Savannah, GA are helpful and creative people, as we at TruePoint Insurance have found out since moving into the area. We’d like to help you put that potential to work as your own boss with business insurance coverage.

The first insurance risk that every business needs to evaluate is their workers’ compensation liability. Any company that has three or more employees is required by state law to have coverage, and there are good cases for having the coverage when you have even a single employee.

Your other liabilities will depend on the type of service that your company provides. If you sell crafted goods through an online store, you won’t have the same risk as if you opened a food truck. When you discuss your company with your provider or agent, always accurately answer any questions about your operations. Even if you’re not lying to them, you may end up underinsured with a huge liability risk.

The last major component of your business insurance will be property coverage. This will be broken down into different types of assets and causes of damage, but the typical policy setup will include coverage for both your business’s own buildings, fixtures, and equipment as well as any under its custody throughout the course of doing business.

Other types of coverage exist, but the details may change depending on the provider. For more details, contact an insurance agent like us at TruePoint Insurance whose job is to get you into the right policy for your liabilities and assets. With your insurance needs properly covered, you can get back to starting or running your small business in Savannah, GA with fewer distractions on your mind.

Georgia Auto Insurance: Do You Need Collision Insurance and Comprehensive Insurance

The only time that you absolutely need collision insurance and comprehensive insurance in Savannah, GA is when your lender requires it. In other cases, it can be a good idea. In some cases, it’s not worth the expense.

At TruePoint Insurance, we will be able to help you determine if you need it or not. There are some things to consider when you are renewing or updating your Georgia auto insurance policy.

The Car Value

If you have an older car or one that is only worth a few thousand dollars, you may not need collision or comprehensive insurance. The damage to your vehicle may be worth more than the insurance coverage.

You will have a car replaced with the value of your vehicle. If it doesn’t have a high value, and your lender doesn’t require it, these coverages may not be worth it.

Deductible Amount

This ties into the value of your car. If you have a high deductible so that you can save on premiums, then collision insurance or comprehensive insurance won’t be worth it.

If your deductible amount is the same as the amount on your replacement value, for example, neither collision nor comprehensive insurance is worth the added costs to your premiums.

You can apply for that extra money every month to other coverages for your auto insurance, or just get the minimum liability coverages you need for auto insurance.

When You Need Collision and Comprehensive Insurance

If you have a newer car or a car worth a high value, you will think more seriously about collision insurance and comprehensive insurance. If you want to replace your car to the same value that you have now, these are coverages worth getting.

Talk to a Broker

When you are looking at renewing or updating your auto insurance policy in Savannah, GA, it is always best to talk to a broker or insurance agent and find out how to get the best policy for your situation. Call TruePoint Insurance for a quote today.

3 Times to Review Your Commercial Insurance Policy

From small business owners to leaders of massive corporations, every person who runs a company should take the time to evaluate their commercial insurance coverage. At TruePoint Insurance, we recommend doing so in these cases.

When Your Revenue Grows

Growing revenue is what every business wants, but your company tends to take on additional risks as it expands. You may hire new employees, open a new location, or add vehicles to the company fleet. Workers’ compensation is required for any Savannah, GA business that has three or more employees, and all vehicles need commercial auto coverage. Beyond that, your coverage limits on perils like business interruption may no longer be enough to cover the losses.

When You Shed or Lower Risks

Insurance policy costs reflect the risks that your business faces. Some risks will be a part of your company’s existence no matter what you do, but there are some that fluctuate. When you move your business to a better location or no longer have a contract like shipping volatile goods, you have lowered your overall risk. Showing these improvements to your commercial insurance provider or using them to shop for a new policy could result in lower costs or improved benefits.

When Doing an Annual Review

No matter what’s going on with your business, regularly checking on your existing financial obligations and protections is a good habit. Look over your policy at least once a year, evaluate the monetary values against your business’s assets and revenue, and consider the likely costs of the covered perils. If you’re a TruePoint Insurance customer or live in the Savannah, GA area, you can contact us at any time to compare your current insurance policy with other options.

4 Things to Keep in Mind When Buying a Condo

It may come as a surprise, but buying a family home is not the same as buying a condominium. One of the critical factors to consider include condo insurance. TruePoint Insurance serving Savannah, GA, provides affordable and effective options to choose from. Some of the crucial factors condo buyers should consider before purchase are:

Amenities

They include extras such as a swimming pool, gym, guest suites, party room, visitor parking, etc. You need to consider how you will make good use of them when you are the new owner. Instead of leaving the swimming pool water or gym space to get dirty since you don’t need it, it would be wiser to go for an option without those unnecessary extras.

Insurance

Condo insurance covers personal property, interior damage, housing displacement, master policy coverage limits, and guest liability. Having your insurance helps you avoid complicated situations that may arise due to an accident in the condo.

Review Condo Rules

Since most condos are close to one another, there will be rules and restrictions on residents. For example, pet restrictions are pretty popular in most condos, while others only allow small-sized dogs. In other settings, condo owners are not allowed to make any renovations without permission. Such rules exist to tame annoying neighbors who don’t care about others’ welfare.

Location

Depending on how your things progress, you may not spend your entire life living in a condo. Therefore, it’s essential to consider the location as it plays a significant role in its resale value. If the area your target condo is in is developing rapidly, it could help boost the property’s value.

Buying a condo can be a relatively straightforward process if you consider important factors such as the ones above. Consider reaching out to TruePoint Insurance serving Savannah, GA to get advice and offers on the right condo insurance coverage. Call to speak to an insurance expert for vital advice.

What Does RV Insurance Cover in Savannah Georgia?

If you like traveling with your family in an RV, camper or trailer, then you need liability insurance on your vehicle. If your RV, camper, or trailer are financed, you will need full coverage to protect your finance company’s assets. Different types of insurance can be confusing and at Truepoint Insurance we are here to help you.

What is the Minimum Liability for RVs in Savannah, GA?

In the state of Georgia, the minimum amount of insurance for an RV is 25/50/25. This means that you have $25,000 in property damage coverage per each accident, $50,000 for bodily injury per each accident, and $25,000 for property damage liability. This is the minimum amount you need if your RV is paid off and you own it outright.

What are the Other Types of RV Coverage?

Full coverage includes both comprehensive and collision insurance. Collision covers damage to your RV resulting from an accident and comprehensive damage to your RV for non-collision-related items such as wind damage or hail damage.

Vacation liability insurance covers costs of others’ property or for their injuries. This is different than the standard liability insurance needed for an RV in Savannah GA that you drive in that it will cover you when you hurt someone else or cause damage to their property when your RV is being used while you are on vacation instead of just driving down the road.

Roadside assistance is a great item to add to your RV insurance policy because you never know when something will go wrong. It can help you to tow your RV to a shop and allow you to get a rental car if repairs will take some time. Then you can get back on the road for your family adventures.

At TruePoint Insurance, our knowledgeable experts can help you to determine how to effectively insure your RV to recoup any losses if you incur damage. You can call us or come by our office near Savannah, GA in Pooler, to get all of the information you need.