What should I think about when shopping for life insurance?

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Navigating Life Insurance in Braselton, GA

For those residing in Braselton, GA, understanding and addressing your insurance requirements is essential. Life insurance sits atop the list of necessary protections and provides financial support for dependents or helps meet any end-of-life expenses. When seeking life insurance, several key factors should be taken into consideration.

Determining the Level of Coverage

A core factor to consider when seeking life insurance is the level of coverage you need. You want to ensure that you’re offering the right support for those you care about. If you have dependents, this means providing for their future financial needs, including cost of living, education expenses, and other essential costs.

Choosing the Right Life Insurance Plan

Another critical aspect of purchasing life insurance is selecting the right insurance plan. Two prevalent life insurance options are whole and term life coverage, each offering particular benefits. While whole life coverage offers lifelong protection with additional financial investment benefits, term life insurance provides affordability and flexibility to suit personal requirements.

It’s vital to explore all your needs and options when seeking life insurance in Braselton, GA. When you’re prepared to find a policy, don’t hesitate to contact the seasoned team at Bingham Insurance Group. Our experienced professionals will provide the guidance you need to construct the ideal policy that caters to all your needs.

Changed Vehicles? It’s Time to Update Your Auto Insurance

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If you’ve recently purchased a new vehicle in the Braselton, GA, area, Bingham Insurance Group can help you update your auto insurance policy. Whether you’re looking for a brand new policy or want to change the one you already have, we’ve got you covered. Our dedicated agents understand that you need a quality policy with coverage you can rely on. We can provide you with quotes from multiple insurers so you can feel confident that you have the best policy for your needs.

Whether you’ve added a vehicle to your household or traded yours in on a new one, it’s essential to ensure you have proper protection for your car and its people. Depending on the vehicle you want to add, there may be a better policy option for great coverage that fits your needs. That’s why working with trusted agents and comparing policies is so important. What’s great for one type of vehicle might not be as good of an option for a different one.

Instead of swapping out one vehicle for another on your current policy, let us compare some different insurers and provide quotes and information. You might find that you can get better coverage for your specific situation through a different insurer than you have now, and we can help you do that. We want to make your insurance experience the best one possible.

Contact us at Bingham Insurance Group today if you’re in the Braselton, GA area. We’ll be happy to help with your auto insurance needs. Then, you can have peace of mind, knowing you have the right insurance for all the adventures in your new vehicle.

Do I Need Life Insurance as a Contractor?

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As a self-employed contractor, there are several benefits to taking out a life insurance policy with Bingham Insurance Group. While you will have to reach out and manage this policy on your own, this allows you to offer yourself and your loved ones benefits that you might otherwise have with other employers in Braselton, GA.

Coverage For Final Expenses

With a life insurance policy, you will have funds set aside to cover the final expenses that come with your funeral arrangements. This keeps your family from having to find that money or pull it out of savings unexpectedly. You can customize the amount you want to leave behind based on the services you plan to have. 

Other expenses that develop outside of your funeral are probate costs and estate fees that can pile up, especially if you are having your estate divided. With a life insurance policy, your loved ones can secure enough funds to cover these costs so they can process them properly.

Retirement Coverage

One of the best things about a life insurance policy is that you can get as much as you need based on what you are willing to pay for each month. With a life insurance policy, you can treat it like a retirement policy that pays out to your loved ones in the event of your passing. As a contractor, it is not as easy to secure these traditional retirement options, which is why life insurance gives that stability. 

Inheritance

A life insurance policy is one last financial gift you can give to your loved ones so that they are able to secure vehicles, make down payments on homes, and even cover college tuition if that’s what you prefer for them. 

If you are a contractor around Braselton, GA, contact our team at Bingham Insurance Group today. 

How Much Auto Liability Coverage is Enough?

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Georgia is an at-fault state for auto insurance purposes and requires all drivers to carry at least minimum levels of bodily injury and property damage liability insurance. While the state establishes basic requirements, it does not suggest how much liability insurance policyholders should carry so we will offer suggestions in this article. If you want to discuss how much liability insurance you should have, contact our Bingham Insurance Group team serving the Braselton, GA, area.

Determining Auto Insurance Liability Levels

Drivers at fault in Georgia may be required to pay the accident victims for their injuries and property damages. The state mandates that drivers carry (25/50/25) minimum levels of liability insurance or:

  • Bodily Injury Liability: $25,000 per person and $50,000 per incident
  • Property Damage Liability: $25,000 per incident

Although we call them minimum policy limits, they are the maximum amounts insurers will pay on a claim. If the value of a claim exceeds those maximums, the driver is responsible for the remaining amount, potentially putting their savings, home, and other assets at risk. 

Some recommend protecting a policyholder’s assets by setting limits based on the driver’s net worth or historical damages awarded in the state. Another common approach is to increase the auto liability limits to, for example, 250/500/100. In addition, adding umbrella coverage extends the liability coverage on auto and home policies and provides additional coverage for other types of lawsuits. Overall, umbrella coverage is a relatively inexpensive way to protect your assets against potentially harmful events.

Working With The Bingham Insurance Group

Our team at Bingham Insurance Group serves the Braselton, GA area, and will happily answer your insurance questions and prepare a policy to meet your needs. Call or stop in to see us today.

What Does Commercial Insurance Cover?

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Our agents at the Bingham Insurance Group, serving the Decatur and Braselton, GA area, understand how much time, energy, and money went into opening your own business and want to help you protect your investment. The best way to do that is by having a commercial insurance policy.

What is Commercial Insurance?

Commercial insurance is also known as business insurance since it plays a significant role in protecting all different types of small and large businesses from liabilities and financial risks. This type of insurance policy is created to meet your specific needs for your business.

What Does Commercial Insurance Cover?

One of the many facets of commercial insurance policies is property insurance. This type of insurance will cover your building, equipment, and inventory if damaged or destroyed in a fire, inactive vandalism, or even a natural disaster. This part of your policy will also cover inventory theft from your business.

Liability insurance is critical to have because you never know when a customer or guest on your property may become injured. When things like this happen, you can be sued for negligence and to pay for any property damage or injuries you have caused to other parties. This type of insurance is essential for all kinds of businesses.

If you own a vehicle for your business or use a personal vehicle for business purposes, you will be required to have a commercial auto liability insurance policy in place under the laws of Georgia. This type of policy will be helpful if you or one of your employees is involved in an accident that causes property damage or injuries to another party.

Contact Bingham Insurance Group

Our agents at the Bingham Insurance Group, serving the Decatur and Braselton, GA area, are ready to assist you with your commercial insurance needs. Call today for an appointment and get your policy started.

Why is Home Insurance Important?

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Our agents at the Bingham Insurance Group, serving the Decatur and Braselton, GA area, love to tout the importance of home insurance. Many people think you only need home insurance until a mortgage is paid off, since most lenders require it, but that is not the case. You never know when a disaster will strike, and your house will be in its path.

Why is Home Insurance Important?

Home insurance is important to have in place because you never know what can happen. You have worked hard to purchase your home, which means you will want to have an adequate amount of home insurance to cover it.

What Does Home Insurance Cover?

Most home insurance policies will cover the structure of your house and other structures on your property, such as decks and garages. You can also create a policy that includes your personal belongings, such as clothing and personal items, as well as household items, furniture, appliances, electronics, and more. These things will be covered if damage occurs from a natural disaster, like a tornado, a fire, vandalism, or theft.

Your home insurance policy may also cover your living expenses above your average cost of living if you are forced to move to another location temporarily. In contrast, your home is repaired or rebuilt.

Call Bingham Insurance Group Today

Call upon our agents at the Bingham Insurance Group serving the Decatur and Braselton, GA area to get your policy started. They have the knowledge and experience necessary to create the best home insurance policy for you and your situation. Call today to get your policy started!

Why is Renters’ insurance a Smart Financial Decision?

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While renters’ insurance is not generally legally required, this specific type of insurance – designed for those who do not own their home, offers affordable protection against potential losses to property or injury to others covered by the policy’s terms. Renters insurance is an intelligent choice as it helps you recover from financial losses that you may not have otherwise been able to do. The Bingham Insurance Group, which serves the greater Braselton, GA vicinity, offers this guidance regarding the benefits of purchasing renters’ insurance.

It Provides Protection for Personal Property

Renters’ insurance covers the insured’s personal belongings – i.e., clothing, electronics, furniture, etc., should these items be damaged/stolen under a covered event like theft or vandalism. Certain policies may even provide coverage for belongings when damaged/stolen outside the property – i.e., your laptop from your car.

It Provides Liability Coverage

A renter’s policy offers liability coverage (which can pay for medical costs and legal expenses) should you be responsible for injuring someone else on your property.  

It Pays for Additional Living Expenses

If your unit becomes uninhabitable (as the result of a covered loss), renters insurance reimburses for temporary living expenses while the unit is repaired.

It Offers Customizable Options

Renters have the option to select the appropriate coverage level.

Note that some landlords in and around Braselton, GA may make require their tenants to carry renters’ insurance as a provision within the lease agreement. However, given the peace of mind renter’s insurance offers against unexpected occurrences, renters’ insurance can only be considered a wise financial decision.

For additional information about how renters’ insurance may be a worthwhile investment, contact the insurance specialists of Bingham Insurance Group at 706-684-0040 or online.

Will liability insurance cover my injuries from a car wreck?

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Liability insurance helps cover medical and legal fees if you’re held responsible for someone else’s injury or damage to someone else’s property. Every state requires that drivers have some auto insurance.

All drivers are legally required to carry auto liability insurance to drive. However, some circumstances may require drivers to have more than the state-required liability coverage. Our Bingham Insurance Group is committed to helping Braselton, GA residents understand auto insurance requirements.

What is Liability Insurance?

Liability insurance covers property damage and injury to others if you’re found at fault for an accident. It doesn’t provide protection or coverage for any personal property or physical damage you may sustain due to an accident you caused. 

Georgia requires all drivers to carry the minimum liability coverage limits. These limits include $25,000 per accident for property damage and $25,000 per person for bodily injuries. Liability coverage also includes $50,000 per incident for bodily injury coverage. 

Will Liability Insurance Cover My Injuries from a Car Wreck?

No. Liability insurance will only provide coverage for other people’s injuries and property damage. You must purchase auto insurance to cover your injuries and vehicle/property. Liability insurance is a requirement for drivers in every state. However, it will only cover the property and personal injuries that other people sustain due to an accident where you’re at fault. Call us if you have more questions about auto liability insurance and what it covers. We’d be happy to answer all of your questions. 

Understanding Your Motorcycle Coverage

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Motorcycle riding is synonymous with freedom, and millions of people have chosen this method of transportation. However, motorcycle riding involves a certain amount of risk, and insurance coverage is required in every state to cover the costs of damage to property and bodily injury. At Bingham Insurance in Braselton, GA, we can help you get the motorcycle coverage you need.

Basics of Motorcycle Insurance Policies

Motorcycle insurance is available in several levels of coverage. Most states require a certain amount of liability coverage similar to that for automobiles. However, you can choose additional coverage, such as collision insurance that pays out for damage to your vehicle, comprehensive insurance that covers other hazards that can occur, guest passenger insurance, and custom parts insurance. Some of these coverages require a deductible amount before reimbursement, while others do not. We can provide information on each of these additional features.

What Does Motorcycle Insurance Cover?

Most states require a certain amount of minimum bodily injury coverage per person or accident. Liability coverage for damaged property is also required. You may also need coverage for medical expenses resulting from an accident and uninsured motorist coverage. These are generally the lowest cost premiums. You can also add collision and comprehensive coverage to ensure your bike is repaired in case of covered incidents, including theft, fire, and other hazards. You may choose coverage for winter months, during which you don’t ride your motorcycle. Motorcycles with extensive custom features may require special insurance coverage.

Choose Bingham Insurance for Your Motorcycle Coverage in Braselton, GA

Motorcycle insurance is mandatory, and you may have many questions about the coverage needed. We can answer your questions with detailed information that is presented in a clear, understandable manner. Contact Bingham Insurance Group today for a no-obligation quote on motorcycle insurance to keep you covered during your travels.

Safe boating tips

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Boating is a great way to get outdoors and enjoy the beauty of nature here in the Braselton, GA area. However, taking safety precautions when you’re out on the water is important. This blog post will provide some simple tips from us at Bingham Insurance Group for staying safe while boating.

1. Wear a life jacket: A life jacket can save your life in the event of an emergency, so make sure everyone onboard has one! Inflatable jackets are lightweight and comfortable, making them ideal for longer trips. 

2. Check the weather forecast: Before leaving, always check the forecast and be aware of any potential storms that could arise while you’re on the water. Don’t take unnecessary risks; ensure that you have adequate shelter ashore if a storm pops up unexpectedly. 

3. Have an emergency plan: Make sure everyone aboard knows what to do in an emergency. Have a designated person who will be responsible for contacting authorities in case of an accident or injury, as well as how to use business radios or flares if help is needed from other vessels or shore personnel. 

4. Keep a first-aid kit handy: Accidents can happen at any time, so it’s essential to have a well-stocked first-aid kit with bandages, antiseptics, gauze pads, and other necessary items on board your vessel at all times. 

5. Pay attention to navigation rules: Always follow navigation rules by keeping your speed down in congested areas and giving right-of-way when appropriate — this includes sailing vessels which must always be given right-of-way over motorboats per international law! 

By following these simple tips, you can ensure that your time on the water is enjoyable and safe! For more tips, give us at Bingham Insurance Group a call. We are proud to serve the Braselton, GA area.