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5 Unexpected Costs When You Own A Boat

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There is more to owning a boat than time on the river or lake, family trips, or time spent with friends fishing or casually boating for fun. The knowledgeable agents at Spring Grove Insurance want to share 5 unexpected costs when you own a boat that every Spring Grove, IL boat owner needs to know.

  1. The Boat Itself – Obviously, whatever the boat costs when you decide to purchase it is the first major outlay of money for a boat owner. But, there are more costs involved.
  2. Docking and Storage Fees – Unless you live on the lake, you will need to have a way to get that boat back and forth. This means a trailer will be necessary. Also, a boating slip or mooring at a marine is an expense you will probably encounter.
  3. Fuel – Just like owning a car, you’re not going to get far without the fuel that keeps it going. A boat usually requires one to three gallons of fuel per hour.
  4. Maintenance – Maintaining a boat properly is going to require more than an oil change now and again. You will need to keep the hull, the equipment, any sails or riggings, and the engine in top-notch condition.
  5. Boat Insurance – To make sure you are covered during an accident or other unthinkable events involving loss or theft with your boat or injury to passengers, any responsible boat owner will secure proper boating insurance before putting the boat in the water.

Before you get too deep into boat ownership, make sure your investment is secure and that you are covered for any potential disaster. The professional helpful people at Spring Grove Insurance in Spring Grove, IL want to help make sure you are covered for all of our boat insurance needs.

Common Situations When Umbrella Insurance Is Useful

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Spring Grove Insurance provides coverage to the local community. Accidents can happen at any moment. We want to make sure that you have coverage in place to protect your assets. We work with our clients to help them find the right policies for their situation. We look forward to serving you with excellent customer service.

Common Situations When Umbrella Insurance Is Useful

Umbrella insurance offers a safety net when disaster strikes. While your traditional liability coverage protects you if an accident occurs, sometimes it’s not enough. Umbrella insurance covers you once you have reached your liability limit so that your assets will not be at risk. Here is a look at some common situations where umbrella insurance is necessary.

Pet Attacks

Perhaps you are taking your dog for a walk in the local Spring Grove IL Park. Suddenly, you lose control of the leash and your dog bites someone, causing an injury. If the injury is severe enough where they are unable to work, you may face legal action. Without the extra protection of umbrella insurance, you could lose your assets depending on the verdict.

Home Accessories

If you have accessories at your Spring Grove, IL home such as a swimming pool or trampoline, remember that there are high risks associated with using these items. Perhaps you invite a friend over to your home for a swim, and they slip and fall while they are getting out of the pool. They suffer a traumatic head injury, which you are held liable for. Umbrella insurance can protect you while you figure out your next move.

Spring Grove Insurance Can Help You Find The Right Policy

Visit our website to learn more information about umbrella insurance.

4 critical reasons you need life insurance

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Life insurance is not always an exciting policy to buy, but it’s one of the most critical financial decisions you will ever make. Unexpected things happen that leave people in shock and uncertain about the future. If you are wondering whether or not to buy life insurance in Spring Grove, IL, here are four critical reasons to open your eyes.

1. Provide For Your Family and Loved Ones

The main reason why most people buy life insurance in Spring Grove, IL is to provide financial protection for their families and loved ones. Life insurance generally replaces your income when you die, and your family can use what you left to pay for their daily expenses. The policy is essentially crucial for parents with young children.

2. Pay Off Mortgage, Loans, Debts, and Other Expenses

Life insurance can be used to pay anything you want, including children’s school fees, mortgage, funeral expenses, and other family needs. Depending on your needs, Spring Grove Insurance may recommend that you buy term life insurance and set the duration as the number of years you will need to offset the loan or pay for a debt.

3. To Increase Your Financial Security

The last thing you want is to fall sick, die, and leave your children with large hospital bills. You want to know that they will be well cared for when you’re gone. Life insurance helps you achieve this when it pays the death benefit.

4. To Have Peace Of Mind

Whether you are young or critically ill, life insurance brings peace of mind that everything is well cared for. Instead of worrying about death occurring suddenly, you can live a fulfilled life without worries.

We Can Help

At Spring Grove Insurance, we care about those that matter to you most, and that’s why we take you through the process of obtaining a life insurance policy that aligns with your needs and budget. Call us today.

What is Accident Forgiveness in Auto Insurance?

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If you have just purchased a car and you have been involved in the first accident in Spring Grove, IL, you might request your insurance provider for forgiveness. Spring Grove Insurance indicates that auto insurance forgiveness is a clause in the insurance industry that is unfortunately unknown to many car insurance holders. This means that the number of people asking for forgiveness is minimal. Why is it necessary to ask for auto insurance forgiveness? 

Have Additional Savings

As a rule of thumb, insurance companies will always increase your insurance premiums if you are involved in an accident. The more accidents you have, the more premiums you will have to pay. However, with insurance forgiveness, your insurance premiums will not change, and you will therefore end up making some important savings that you would have otherwise paid as premiums. 

Maintain Good Driver Discounts

Insurance forgiveness is very common to good drivers who are rarely involved in an accident or anything wrong while on the road. Good drivers who accumulate points are likely to lose them when they are involved in an accident. However, when one gets auto insurance forgiveness, they will not lose their good driver discounts, which means that their reputation on the roads will be maintained. 

Peace of Mind

There is nothing better than receiving a call from your motor vehicle insurance company that you have received forgiveness. You get the needed peace of mind when struggling if involved in an accident. No person wants to experience additional financial expenses, and auto insurance forgiveness helps people live in peace. 

Not every auto insurance company discloses auto insurance forgiveness. In fact, most companies do not give their customers any forgiveness. However, at Spring Grove, IL, Spring Grove Insurance has been giving its customers reliable auto insurance policies for many years, and you will access the same benefits if you join us. Contact us to get more information about insurance forgiveness.

Why commercial insurance is right for your home business

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Home businesses have become increasingly popular. Not having to buy or rent a business location is a big cost saving. Whether it is a converted garage, basement, or just an office, operating from home is an advantage many opt for. At Spring Grove Insurance in Spring Grove, IL, we are here to talk to home business owners about the risks of operating out of your home and how to mitigate that risk. You may not be as covered by the insurance you already have as you think, 

Home insurance

Your personal home insurance is designed to protect your home from many perils. It is not designed to cover a home business. Home insurance covers content, but you may find out the hard way that inventory, business machinery, and even office furniture are not covered or have limited coverage. Many home policies have caps on the amount they will pay for damage to a home office. Data loss and loss of income are not covered in any way by home insurance. 

Where home insurance is grossly inadequate is in liability coverage. If you have customers or clients visiting your office or business in your home, and they are injured, or if they decide to sue you due to a product or service you provide, you could find yourself without any coverage or enough coverage. 

Car insurances

If you are driving your personal car for business, you may find you are not covered. Many insurance policies don’t cover the business use of a personal vehicle. 

Business interruption insurance

If something happens to your business, you need business interruption insurance to keep some money coming in, so you can meet your normal expenses. This is just one of the many valuable commercial insurance coverages your home business needs. 

Contact Spring Grove Insurance in Spring Grove, IL for all your commercial insurance needs.

Why Liability Coverage Is A Big Part Of Your Home Insurance Policy

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Based in Spring Grove, IL, Spring Grove Insurance serves the community by offering residents insurance coverage. We proudly serve as an independent insurance agency. We strive to create long-lasting relationships with our clients to find the right policies for their situations.

Why Liability Coverage Is An Important Part Of Your Home Insurance Policy

Your home is one of your most prized possessions. It’s likely the place where you spend most of your time. Home insurance allows you to protect your investment. Your property is covered if it is vandalized or damaged due to severe weather or an accidental fire. All of your personal items are also covered if they are stolen or vandalized. You can add special coverage to protect the extra structures on your property, such as your garage or fence. One of the most important parts of your home insurance policy is liability coverage. You’ll likely have some visitors over to your Spring Grove, IL residence. Liability coverage protects you if someone gets injured while visiting your property.

Liability coverage also protects you if you accidentally cause damage to someone else’s property. If you have a pet, liability coverage can prevent a dispute if your pet bites someone and injures them. If you have a trampoline or another high-risk accessory on your property, liability coverage can protect you if someone gets injured. Though, you also have the option to add umbrella coverage as another layer of protection.

Other Areas Of Coverage

If you are involved in a potential liability dispute over something you said, you will be covered if you are accused of slander. If you plan to throw a party at your home, liability coverage will protect you if one of your guests gets sick or if someone accidentally damages your neighbor’s property.

Spring Grove Insurance Will Help You Protect Your Assets

Visit our website today to learn more information about home insurance.

Is RV insurance a good idea in Illinois?

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Those in the Spring Grove, IL area that dreams of exploring all that the state and country have to offer should think about investing in an RV. When you decide to invest in an RV, getting the proper coverage is important. A great way to cover this asset is with RV insurance. 

RV Insurance Will Protect Asset

A reason that you should always get an RV insurance plan is that it can protect your asset. There is always going to be a high cost and investment when you do purchase an RV. If you want to ensure that this investment is protected, you should carry a full RV insurance plan at all times. When you have this coverage, you will know that you can repair or replace it following a bad accident or if it is stolen.

RV Insurance Keeps You in Compliance

You will also want to get an RV insurance plan because it will keep you in proper compliance. Anyone that would like to own an RV and drive it will have different insurance obligations. Those that have used a loan to buy the RV or want to drive it on a public roadway will be required to have some level of coverage. With a full RV insurance plan, you will know that you are in good standing with these requirements. 

If you would like to get RV insurance in the Spring Grove, IL area, you should call Spring Grove Insurance. When you work with Spring Grove Insurance, our team can help you assess your different needs and options. Based on this assessment, it will be easier to choose a policy that provides the proper protection for your RV. 

Who needs to get motorcycle insurance in Illinois?

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People in the Spring Grove, IL area that are looking to get a new vehicle to drive should consider a motorcycle. For people with a motorcycle, it will give you a fun mode of transportation that is also efficient. As you are looking for one, you do need to think about insurance. There are several situations when someone needs this coverage. 

Those Looking to Protect Asset

One situation when someone will need to get motorcycle insurance is when they want to protect their asset. A motorcycle is a big investment, and you will want it to provide you with a mode of transportation for a long time. To ensure that your investment will pay off in the future, you should get a motorcycle insurance policy. With this coverage, you can have the protection needed to repair or replace your asset if you incur a loss.

Those Looking to Stay in Compliance

Another situation when someone will need to get motorcycle insurance is when they want to stay in compliance. Those who want to drive on a public road in this state need to meet the state’s insurance coverage standards. When you get a motorcycle insurance policy, it will have the liability protection that you need. This can ensure you remain in good standing with the law and avoid penalization.

There continues to be a lot of reasons for someone here to get motorcycle insurance. When you are ready to start looking for your next motorcycle insurance policy, it would be a good idea to call Spring Grove Insurance. For people in the Spring Grove, IL area, the Spring Grove Insurance team is a great resource. The insurance professionals can help you understand your needs and give you the support needed to build a great policy.

How can I benefit from getting boat insurance in Spring Grove?

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For those that are in the Spring Grove, IL area, the nice long summer months are one of the best times of the year. For those that would like to enjoy the summer as much as possible, investing in a boat can be a great option. When you get a boat, you will have a great way to enjoy all the local waterways fully. For those looking for a boat here, you should also get a boat insurance policy as it could benefit you in several ways.

Coverage for Asset

One way your boat insurance policy can protect you is by providing you with coverage for your boat. If you choose to purchase a boat, you will be making a big investment that you need to protect as well as possible. If you get a full boat insurance policy, it will give you the coverage needed to repair or replace your boat following a loss.

Liability Protection

Another reason to get boat insurance is that it will give you liability protection. When using a boat, there is always a chance that it could result in damages. When you get a full insurance policy for your boat, it will include liability protection to ensure you are covered if you are found responsible. 

There are a lot of benefits that come with boat insurance in the Spring Grove, IL area. As you are looking for a new policy here, you should call the team at Spring Grove Insurance. Picking a boat insurance policy requires a lot of thought and consideration. When you work with Spring Grove Insurance, you can receive the guidance you need to understand your options and choose an ideal policy for your situation. 

How Much Umbrella Insurance do I Need?

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When you are already paying for a home, auto, and other insurance policies, it may seem overkill to purchase an umbrella policy. However, having additional coverage can be a blessing in disguise when disaster strikes. In short, umbrella insurance kicks into gear when your liability coverage is exhausted. Generally speaking, an umbrella insurance policy covers the same things, such as your home and auto insurance policy, including vehicle accidents, liability incidents, and storm damage, with a few extra additions like for lawsuits that may arise due to libel, slander, or defamation of character. 

For example, let’s say your teenage son is involved in an accident that results in bodily and property damage to a third body. Just those bills alone can quickly balloon into the hundreds of thousands of dollars. In a situation like this, if your auto insurance policy has a limit of $100,000 for bodily injury, then it will pay for any damages up to that amount, but anything over it is your responsibility. Being on the hook for such a large sum of money can be financially devastating. Thankfully, with an umbrella insurance policy, you can purchase additional liability coverage to protect your family and assets in a similar situation. 

When it comes time to choose an umbrella insurance policy, look no further than Spring Grove Insurance. Conveniently located in Spring Grove, IL, our team of professional insurance experts takes the time to learn about each of our customers to make personalized recommendations and customize an umbrella insurance policy that best meets your needs. Give us a call to schedule a no-obligation consultation with a member of our talented team.