No one wants to think about their life-ending, but none of us know when it will be time to leave this earth. When your time comes, you will want the peace that comes with knowing that your loved ones are taken care of after you are gone. The life insurance agents at the Richards Insurance Agency, located in Lincoln, NE, can assist you with all of your life insurance needs.
When it comes to life insurance policies, there are three main types that you can choose from, including universal life insurance, term life insurance, and whole life insurance.
Term Life Insurance
A term life insurance policy only lasts for a certain term that you set with your insurance agent at the beginning of the policy. This term could be a decade long or three-decades-long, depending on which you prefer. This type of policy will end at the end of whatever term you chose, but you will more than likely be able to renew it but at a higher premium rate.
Universal Life Insurance
Very similar to term life insurance is universal life insurance. This type of policy is also paid upon for a certain amount of time before it expires, but you can pay a premium that will keep your death benefit in place. This type of policy also offers you a savings account that you or your family can use in the future.
Whole Life Insurance
A whole life insurance policy lasts that long, hence the name. It guarantees a certain payout on the amount you invest into the policy, and you can borrow from it why you’re still alive to pay off debts ahead of time or use it to make repairs and get things for your loved ones before you die.
To choose the type of life insurance policy that works best for you and your family, you should contact the agents at the Richards Insurance Agency, located in Lincoln, NE to get your policy started as soon as possible. Reach out to our office to get a quote and learn more.
Every state has its own rules about the kinds of commercial insurance that a business must-have. In Nebraska, there are two types of commercial insurance that most businesses have to have in place, and there are other types that are useful and recommended for most businesses. If you have questions about your commercial insurance needs, contact us at Richards Insurance Agency in Lincoln, NE.
This type of insurance is required for every Nebraska business that has any number of employees. This applies no matter how many of them there are and whether they are part-time or full-time. This coverage protects your business by paying the medical bills of employees who will become ill or injured while they are working. This also protects your employees, as they will have funds available if there is an accident at work.
If your Nebraska business owns a vehicle of any kind, it has to have a commercial auto insurance policy on it. If you try to place a regular, personal policy on it, it will likely not pay out if there is an accident. If you use a vehicle for work purposes, but the company doesn’t own it, there is a different type of insurance that is not required but highly recommended. It is called a hired and non-owned policy. If you use your personal vehicle for work tasks and have an accident, a personal policy is unlikely to pay out for it.
Your commercial auto policy has to have at least the set minimum for one person who has been in an accident with you and another amount for everyone who was injured in the accident. There is another minimum required for any property damage caused by accident. There is another coverage amount required to cover you against one person being injured in an accident with an uninsured motorist. Another amount is required for all parties who are injured.
Get Your Commercial Insurance
If your business needs commercial insurance, contact us at Richards Insurance Agency in Lincoln, NE.
When you first open your home business in Lincoln, NE, your home insurance probably covers your new home business’ equipment. You probably do not own much yet.
The standard home policy covers about $1,500 to $2,500 of business equipment or property at your home. That’s all it covers, though.
As your business grows, you need to enhance your coverage from Richards Insurance Agency. The liability coverage of a home owner’s policy provides coverage for occasional meetings for a home business. Still, to cover regular meetings or client visits, you need to add a policy endorsement.
You need to add to the policy if you plan to have regular meetings or order pickups from your home. That endorsement increases your liability coverage so you can safely hold meetings without worrying that an accident would put you out of business. This endorsement also adds up to $4,999 of business property coverage and up to $750 for personal business property.
When your business grows beyond that, you need a home business policy for your home owner’s insurance. This represents more than an endorsement; it adds a type of coverage to your existing policy, like adding collision coverage to your auto insurance policy.
Adding a home-based business coverage component to your home insurance protects your business fully. It also protects your insurance policy. If you begin using your home to run a business and do not tell your insurer, you can lose your insurance policy altogether. Anything besides intended use invalidates your policy. If you started any business from home, including selling Avon, Mary Kay, etc., you need to inform your insurance company.
Contact Richards Insurance Agency, serving Lincoln, NE, for more information on home insurance and your home-based business. We want to help you remain covered.
RV life can be both fun and liberating. More and more people are discovering the freedom and adventure of living out of their RV full time. In order to make the most of your RV living, however, it is important to have all of your insurance bases covered. At Richards Insurance Agency, serving Lincoln, NE, we know that the only way you can make good insurance choices is to have the best insurance information. Keep reading to find out what you need to know about RV insurance.
Is a Traditional Auto Policy Good Enough?
In many states, you can operate an RV with a traditional auto insurance policy. However, the problem is that when you choose to start living in your RV full-time or even part-time, your insurance needs change. The RV is now no longer simply a vehicle, but now it is also operating as your residence. If you are living in your RV, a traditional auto insurance policy is probably not enough.
What Will RV Insurance Cover?
RV insurance is similar to traditional auto insurance in many ways and different in some important ways. RV insurance can be customized to suit your particular needs, but in general, the policy will cover the following areas:
- Collision/ Comprehensive– This type of coverage will kick in should your RV become damaged or lost through an accident or other circumstance or if your RV is stolen.
- Liability– This type of coverage will help cover expenses if another person is injured because of your RV.
- Personal property- This is a type of coverage that differs from traditional auto. If you are living in your RV, this type of coverage will protect your personal belongings.
If you would like to learn more about RV insurance, please contact our Richards Insurance Agency staff, serving Lincoln, NE.
When you live in the Lincoln, NE area, it will be crucial to have a transportation mode. One great mode of transit to consider getting is a motorcycle. If you are going to purchase a motorcycle when you are here, you should make sure that you get proper insurance coverage. There are several reasons why someone here would benefit when they get a full motorcycle insurance policy.
Coverage for Asset
One way you can benefit by getting a full motorcycle insurance policy is by getting coverage and protection for your asset. Anyone that purchases a new or used motorcycle will be making a big investment that needs to be covered. If you do invest in a new motorcycle insurance policy, it will give you appropriate coverage to mitigate a variety of different risks, including the risk of theft or accident damage.
You should also get motorcycle insurance because it will give you liability protection. Even if you are a very safe driver, there is going to be a chance that you could cause an accident that results in damages. If you do not have appropriate coverage in place, you will have to pay for these damages out of pocket. Fortunately, liability motorcycle insurance can offset this risk.
Any motorcycle owner in the Lincoln, NE area needs to get a proper insurance policy. If you are looking for a new policy here, you should speak with the team at Richards Insurance Agency. There are a lot of important factors that need to be considered when choosing a policy. The insurance professionals at Richards Insurance Agency will help you assess your needs better and give the guidance needed to pick the proper policy for your situation.
Buying boat insurance is important for watercraft owners. You need to do your research and find a boat insurance policy in Lincoln, NE that meets your needs. We can provide you with boat insurance at Richards Insurance Agency.
The following are three things you didn’t know about boat insurance that you should be aware of.
Home insurance won’t provide adequate boat insurance coverage.
Many consumers make the mistake of assuming that their home insurance policy is going to cover their boat. However, this is not generally true.
Your home insurance policy will definitely not cover your boat if you take your boat off your own property to use it. In this case, you’ll need to buy a boat insurance policy to enjoy the coverage.
You need to consider add-on coverage.
There are many types of add-on coverage available for boat insurance policies. Some examples include coverage for fuel spill liability or salvage retrieval coverage.
It’s important to familiarize yourself with the different add-on coverage types available. Then, you can determine which types of coverage you need.
Boat insurance coverage is limited to certain areas.
You need to be especially careful when buying boat insurance if you use your boat far from home. That’s because boat insurance coverage is typically limited to certain geographic areas.
Make sure you read the fine print on your boat insurance policy. Your policy will probably only cover you if you’re within a certain radius of your home or home port. If you travel a lot and use your boat far from home, you may need to invest in added coverage.
Get started today finding a boat insurance policy in Lincoln, NE. Contact us at Richards Insurance Agency with your questions and inquiries.
If you live in the Lincoln, NE area and have a classic car, you might cherish it for many reasons. Maybe it was passed down to you by a loved one, or perhaps you restored it with painstaking care weekend after weekend. These cars aren’t just vehicles to many owners, but a symbol of what America can be.
From the thrill of the summer sun to the warm nights spent hanging out with friends, there’s more to these vehicles than meets the eye. If you’re interested in classic car insurance, Richards Insurance Agency wants you to have the facts.
Understanding Your Investment
From theft to accidents to natural disasters, many things can threaten the classic car. The paint job or mirrors can be marred by anything from an errant tree branch in the driveway to a kid who threw a baseball a little too hard. Even if you keep your classic car in the garage, there’s no such thing as an impenetrable fortress. You can count on classic car insurance to be there for you when you need it the most. You design the coverage, so you only pay for what you need.
Finding the Right Help
If you have questions about different kinds of policies and what kinds of threats you’re likely to face in your hometown, the Richards Insurance Agency in Lincoln, NE is here to be of service. Our agents are here to give you the kind of advice that will help you understand how you can best use the coverage to your advantage. If you have questions — whether you own one classic car or five — give us a call today to see what we can do.
The state of Nebraska requires drivers to carry basic liability insurance. They mandate that you have $25,000 in personal injury or death for each person in an accident with a total of $50,000 per accident. Additionally, you must have $25,000 for damage to personal property. This is a fundamental amount of coverage. If you lease a vehicle or have an auto loan, your lender or lessor will require that you have additional coverage to protect the car that they have a vested interest in. When it comes to covering your vehicle, it is good to have an agent to discuss what is important to you. The Richards Insurance Agency in Lincoln, NE will be here for you when you are ready to discuss what coverage you want and need.
As to why you should carry collision and comprehensive auto insurance, it covers your vehicle in the event it is damaged or stolen. If your car has significant value or is valuable enough that it would be hard for you to replace it out of your own pocket, having this kind of coverage makes all the difference. Most people count on their vehicles to do pretty much everything. Unless you live downtown in a city, it can be challenging to get to work, go shopping, and to do all the things one normally does every day. The cost of auto repairs can be quite prohibitive, and have the cash or credit available can be difficult.
If your vehicle is damaged, you will be provided with a rental car until the repairs have been completed. This can make going about the business of daily life much more comfortable and convenient—another good reason to carry collision and comprehensive coverage.
If you would like to discuss your auto coverage, The Richards Insurance Agency in Lincoln, NE is looking forward to helping you. Call our office or stop by and we will provide a no-obligation quote.
Umbrella insurance isn’t something you hear many people talk about. It’s safe to say that there are probably many people who don’t understand what this insurance is and how it works. As a result, it’s not uncommon to find that there are a lot of misconceptions when it comes to umbrella insurance. One of those misconceptions could be the belief that people who carry this insurance are usually very rich or wealthy. However, this isn’t necessarily true.
What Is Umbrella Insurance?
It’s easiest to explain umbrella insurance as supporting insurance. This type of insurance is not designed to be used as primary insurance. Instead, it is designed to step in after you’ve exhausted levels of coverage for your primary insurance. Most insurance agencies require you to have a primary insurance policy in place before you can purchase umbrella insurance. Plus, this insurance can’t be used or activated until your primary insurance has been applied and exhausted. The Richards Insurance Agency wants Lincoln, NE residents to understand how umbrella insurance works and ways that it might benefit their unique situation. In essence, umbrella insurance’s primary purpose is to protect your assets and financial standing from liability, defamation, and being sued. If you could stand to lose your assets or financial status as a result of being sued, umbrella insurance may be a wise investment. It’s designed for anyone who has assets they want to protect. You don’t have to be wealthy.
Who Should Invest in Umbrella Insurance?
If you are a person who has assets to protect and you’re concerned about being sued are held liable for something that could cause financial loss or the loss of your assets, you should consider umbrella insurance. Although none of us hopes for misfortune to befall on us, it can happen. It’s better to be safe than sorry. A helpful benefit regarding this type of insurance is that you can set the limits to suit your unique situation. Not everyone will need a ten-million-dollar policy. You may be able to provide adequate protection and peace of mind with a million-dollar policy. You choose the limits based on your assets and your unique needs. We’re here to help you determine if you’d be a good candidate for this type of insurance. We’re also here to help you assess your situation and determine what the best level of coverage would be for you. Give us a call. Let us guide you through the process and answer any questions that you may have about a policy.
When it comes to protecting your family’s future, life insurance is a vital financial tool. If one or both spouses pass, your children’s future would be taken care of. The funds can be used to pay for burial and final expenses. You can also designate funds toward your children’s future college expenses. Money can also be earmarked for nonprofit organizations that are close to your heart. There are many benefits to your life insurance policy. That is why they require a lot of thought. When you begin considering life insurance, you’ll have many questions. Our agents at Richards Insurance Agency can provide guidance. We have worked with families in the Lincoln, NE area since 1994.
As you begin to learn about your life insurance options, you will need to devote some thought to the type of policy that best suits your needs. You will also need to consider the impact that inflation and estate taxes will have on your loved ones. Term and whole life are the primary types of life insurance policies. Term policies are in effect for a predefined period. They can be renewed, but each renewal will be more expensive than the last. They are more economical than whole life policies, but they do not accrue cash value over time. Whole life policies, on the other hand, remain in effect throughout the policy holder’s lifetime. While the premiums are higher, they build cash value. This can be borrowed against if you need to.
In the Lincoln, NE area, our team at Richards Insurance Agency is ready to discuss your life insurance options. Contact our office for general information or to learn how to get a quote. Your family’s future is important. We want to help you get the best available coverage. Take a few moments today and give us a call!