Do Seniors Need Life Insurance? Here’s What You Should Consider

Posted on January 31, 2025January 28, 2025 by admin

Our financial needs and responsibilities evolve as we age, leading many seniors to question whether they need life insurance. Is life insurance still relevant when the mortgage is paid off, the kids are grown, and retirement savings are in place? For many, life insurance provides a sense of financial security and peace of mind. For others, it may no longer be a priority. Understanding the factors behind your choice to purchase or maintain your life insurance policy can help you make an informed decision.

Evaluating the Need for Life Insurance in Retirement

When evaluating your need for life insurance, consider several key factors. First, assess whether you have financial dependents, such as a spouse, children, or grandchildren, who rely on you for income or support. Life insurance could help provide for their needs if they face financial difficulties in your absence.

Next, consider any outstanding debts, including a mortgage, medical bills, or personal loans, as these obligations could burden your loved ones after your passing. Also, consider final expenses, such as funeral and burial costs. Life insurance can help cover these major expenses and reduce financial stress on your family during a difficult time.

When Life Insurance May Not Be Necessary

Life insurance may not be necessary for financially independent seniors who have no dependents relying on them for income or support. You may not need additional coverage if your children are grown and self-sufficient and your spouse or partner has adequate financial resources.

Get Coverage with Garrison Insurance Group in Lilburn, GA

Garrison Insurance Group offers term and whole life insurance policies in Lilburn, GA, and the surrounding areas. Call us today to discuss your coverage needs.

3 Reasons to Add Roadside Assistance to Your Car Insurance

Posted on December 30, 2024December 23, 2024 by admin

You never know when something like a flat tire or a dead battery will occur. While it’s often possible to address these issues on your own, having roadside assistance coverage on your car insurance policy can make it much easier and much less costly to get help when covered situations occur.

Having roadside assistance can give you peace of mind as you drive around Lilburn, GA and anywhere else throughout the United States. Besides the peace of mind that comes with knowing that you have a safety net to cover unexpected driving issues, roadside assistance also has these three important benefits:

#1: Cost Savings

The cost savings is often the top benefit of having roadside assistance. This coverage can pay for things like locksmith services, towing, and other types of roadside repairs. You won’t have to pay someone for a battery jump, lockout, or basic fuel delivery because you have these benefits attached to your roadside assistance.

#2: Convenience and Ease

Convenience and ease are also important benefits. Most roadside assistance programs have 24/7 support, so you can access help at any time of day or night by calling them or using the mobile app. You won’t have to worry about finding a service provider because that will be done for you.

#3: Support on Long Trips

Driving in unfamiliar areas can be challenging. Roadside assistance can help you with covered issues, even if you’re thousands of miles from home. However, these policies are usually limited to the United States.

The team at Garrison Insurance Group is here to help vehicle owners in Lilburn, GA find car insurance policies that suit their needs. This includes helping them with their roadside assistance coverage options.

Four Ways to Improve Your Commercial Property’s Exterior

Posted on November 26, 2024November 25, 2024 by admin

As a business owner, it’s vital that you ensure your property looks great and represents your company to the best of its abilities. After all, it is the first image they see when they pull up to the property. If you want to improve your commercial property’s exterior, there are four ways you can make it look better and safer for your visitors.

1. Resurface Your Parking Lot

If you recently inherited an older commercial space, chances are you also inherited an old parking lot. If this parking lot has potholes, faded lines, and faded asphalt, it’s time to have it resurfaced with a fresh new look. This shows that you want to invest in your company and make sure all areas are outlined for safety reasons.

2. Paint The Building

Older commercial buildings are usually overdue for a good paint job, so give yourself some time and a few gallons of paint to put a fresh look on the building. A fresh paint job will attract customers driving or walking by, and they’ll see that a new business is in the area.

3. Add Lighting

If you don’t have lights in your parking lots or walkways, ensure they are added as soon as possible. This keeps the area well-lit when it’s dark and when the weather isn’t ideal. Even in poor weather conditions, your exterior will give a warming and welcoming presence, improving the overall appearance.

4. Change The Landscaping

If your landscaping looks like every other business, get creative and do something that allows your business to stand out from others. Using trees and shrubs that are different sizes will attract attention, as well as plants with bright and bold flowers that bloom.

If you are a business owner in or around Lilburn, GA, contact our team at Garrison Insurance Group for a quote on your commercial insurance policy.

What are actual cash value and replacement cost basis for homeowners insurance?

Posted on October 28, 2024October 25, 2024 by admin

Getting quotes for a homeowners’ insurance policy can be daunting due to all the variables you have to consider. Reviewing a policy and understanding exactly what it covers can help you make an informed decision about what policy is best for your Lilburn, GA, home.

One thing that you should pay close attention to is the basis used for determining replacement amounts when you file a claim. The policy will note this as either actual cash value or replacement cost. While they both provide coverage, there are some major differences.

Understanding Actual Cash Value

An actual cash value policy takes the item’s depreciation into account when determining the coverage amount. This means that if you have an item that was purchased for $1,500 but has depreciated by $500 since then, the item is only covered for the $1,000 of remaining value.

What is the Replacement Cost Basis?

The replacement cost basis doesn’t take the item’s depreciation into account. Instead, you’ll receive the full replacement cost of the item. So, the $1,500 item would be covered at $1,500 instead of the $1,000 coverage that occurs in an actual cash value policy.

Cost of the Policy

The policy cost varies with the coverage type. Typically, you’ll pay a little more for a replacement cost basis policy than you would for an actual cash value policy. Which one you choose should depend on your finances and how likely it is that you’ll want to replace your items with comparable ones if you have to file a claim.

Contact our professionals at Garrison Insurance Group to determine which type of coverage will be best for your policy.

Are You Prepared for Natural Disasters in Georgia With Your Renters Insurance Policy?

Posted on September 30, 2024September 30, 2024 by admin

As a Georgian resident, you might have faced natural disasters like tornadoes, flooding, or hurricanes, depending on where you live. While the stunning landscapes are a sight to behold, they bring along inherent risks. For renters in the Lilburn, GA area, safeguarding themselves with the right renters’ insurance policy is essential, especially against natural disasters. At Garrison Insurance Group, we are committed to helping you protect your assets, even as a renter throughout Georgia.

Coverage Offered by Renters Insurance

Renters insurance for Georgia residents covers potential loss, theft, or damage to your furniture and personal assets. It typically includes liability protection, property protection, and, at times, living expenses in case you’re temporarily displaced from your home due to an incident such as arson or intentional destruction. However, it’s important to note that not all incidents, especially concerning natural disasters, are covered by standard insurance policies in Georgia.

Addressing Insurance Gaps

Georgia renters can consider buying additional insurance as needed to ensure all-around protection against natural disasters. Depending on your location and risk factors, you might need to add a separate flood policy or special natural disaster event coverage.

Whether you’ve recently moved to Lilburn, GA, or you are a longstanding resident of Georgia, it’s crucial to safeguard your belongings and assets as a renter in the Peach State. At Garrison Insurance Group, we can help cover gaps in any standard policy you have that may not provide coverage against a natural disaster event. To explore more about your options for renters’ insurance and protection from natural disasters, contact Garrison Insurance Group for your quote today.

The Latest Motorcycle Insurance Trends

Posted on August 30, 2024August 28, 2024 by admin

Understanding Motorcycle Insurance Trends in Georgia

The need for motorcycle insurance has notably increased in Georgia, influenced by the latest marketplace trends. Whether you’re contemplating buying a motorcycle or already a rider, Garrison Insurance Group in Lilburn, GA, can help you comprehend these evolving trends to ensure you have the suitable coverage.

A Surge in Motorcycles on the Road

One significant trend currently impacting the motorcycle insurance industry is the growing number of bikes on the road. Due to this upsurge, Georgia’s legislation mandates that riders possess liability coverage. Georgia’s traffic congestion is a concern, and the rising number of motorcycle-related road accidents has driven this requirement.

Innovation in Motorcycle Technology

Modern motorcycles boast higher performance levels than ever, owing to advanced technology. Riders appreciate the increased speed offered by the latest models, many of which come equipped with GPS tracking. While older models are still coveted, they’re generally considered less risky to insure than their modern counterparts.

As a result, advancements in motorcycle technology have compelled insurance providers to broaden their coverage options to reflect the rising risks associated with new features.

Specialized Motorcycle Insurance Coverage Requirements

Georgia state law has integrated several specific requirements for motorcycle insurance coverage. The most notable addition mandates policyholders have minimum liability coverage on their motorcycle insurance policies. Potential claims of bodily injury or property damage caused by the policyholder are covered under this provision. Another requirement is that all motorcycle insurance policies include a certain level of uninsured motorist coverage, offering protection to riders involved in accidents with uninsured motorists.

Understanding the current trends in motorcycle insurance can immensely contribute to selecting the right coverage. Garrison Insurance Group of Lilburn, GA, can devise a policy that addresses your unique insurance needs. Contact us today to schedule an appointment.

How Condo Insurance Is Different From Home Insurance

Posted on July 30, 2024July 30, 2024 by admin

Condo insurance is a type that all condo owners need. Both condo boards and mortgage lenders require this type of policy for your protection. Many people are familiar with home insurance and assume that it’s exactly the same as condo insurance. However, there is a significant difference between the two types of insurance. Contact us at Garrison Insurance Group in Lilburn, GA to get started with a condo policy.

Dwelling Protection

A home insurance policy covers the entire home and its grounds. A condo policy doesn’t do this. It covers only the specific areas that you own. This includes the interior of your dwelling but not the outer walls or any common spaces. Depending on your purchase contract, it may cover the inner walls on the exterior of the building, or it may only cover the spaces between the inner and outer walls. The policy is written to protect whichever areas you own.

Similarities

There are also many similarities between these two types of policies. They both cover your home against damage caused by a variety of events and your belongings inside your home. Condo insurance generally doesn’t cover anything outside, though home policies regularly do. Both also offer small liability coverage in case someone is injured in your home. Every homeowner needs this essential type of coverage to protect themselves against liability.

Get Condo Insurance in Georgia

If you’re buying a condo or looking to switch your condo policy, we’re here to help you get what you need. To get started with a condo policy, call Garrison Insurance Group in Lilburn, GA.

What do I need to think about when getting a new life insurance plan?

Posted on June 28, 2024July 2, 2024 by admin

If you live in Lilburn, GA, you will need various forms of insurance. One significant type of coverage is life insurance. When shopping for life insurance, you need to consider many factors. Considering these factors, you can select the best plan possible for your situation.

Amount of Coverage

When shopping for life insurance, you need to consider the amount of coverage you need. Generally, life insurance should rank high on your priority list to ensure your dependents are adequately supported and covered. Even lacking dependents doesn’t lessen the need for life insurance; covering any end-of-life expenses for your loved ones would still be beneficial. Ultimately, the level of coverage is a personal decision and will vary from one situation to another.

Type of Plan

Another area you should think about is the type of plan you should choose. There are various options when it comes to life insurance. A term life insurance plan is a popular choice as it often features more affordable premiums and provides coverage for a particular period. In contrast, whole life insurance tends to be costlier but boasts investment advantages.

Getting life insurance in Lilburn, GA, should be a top priority. If you are looking to establish a new policy in this locale, reach out to our team at Garrison Insurance Group. They will provide the necessary support to create a new life insurance plan that meets all your needs.

Tips for choosing the right auto insurance policy

Posted on May 31, 2024June 6, 2024 by admin

Auto insurance exists to protect you and your vehicle on the road and when you get in a car accident. Choosing the right auto insurance policy can be tricky because it requires research and consideration. When you are shopping for auto insurance, there are many things to keep in mind. To make it easier for you, here is a list of a few useful tips you should follow when choosing a policy for your car:

Tip 1: Check the mileage

Yearly mileage is one of the factors that determines your premium. It is essential to be as accurate as possible when providing your mileage. You need to analyze your driving habits and calculate how many miles you drive daily and how far you go. Has your commute to work changed recently? Do you take road trips regularly?

Tip 2: Choose the right deductible

Deductibles are the amount you have to pay out of pocket before your insurance kicks in and starts covering the rest. The higher your deductible, the less you will pay for your insurance. However, when you decide the amount to pay for a deductible, make sure you can afford it.

Tip 3: Choose a trusted insurance company

Ensure that the company you are buying car insurance from is experienced and trusted. You also want to ensure the company has good customer service so you can contact them immediately after a car accident.

If you are shopping for auto insurance in Lilburn, GA, or any other nearby town, we have a reliable insurance company you should reach out to. Garrison Insurance Group is a local insurance agency that works with clients in Lilburn, GA, and other areas surrounding the state of Georgia. Feel free to contact us to learn more about insurance options for you.

Honest Mistake, or an Errors & Omissions Business Claim Not Covered?

Posted on April 30, 2024May 2, 2024 by admin

You see it as an honest mistake. Your client thinks you didn’t do your job according to project terms. Who’s right?

Let Garrison Insurance Group serving Lilburn, GA explain errors & omissions in business to you. Then, allow us to show you what E & O insurance covers.

In the process, be assured that we don’t judge situations based on circumstances. We want you to feel protected financially, even for mistakes in operations that are not your fault.

What are Errors & Omissions in Business?

Errors and omissions in business include actions that clients may call “negligent.” A company could also be accused of not fulfilling a contract as promised.

Otherwise, you perhaps commit costly “errors” when attempting to complete a project. In the medical field, this is often referred to as “malpractice,” such as when a surgeon unintentionally infects the bloodstream with contaminated tools during an operation.

Examples of errors made in business:

An accountant may provide clients with incorrect information about investment trends. Other cases may include the accidental placement of a harmful ingredient in food when processing it.

Examples of "Omissions" In Business

”Omissions” usually refer to failure to deliver what you say you will provide. The most obvious example is failing to finish a project by a deadline.

More “hidden” but crucial examples:

Other examples include failing to file customer information in records and forgetting to sign a contract. Although this may seem like a small mistake, it later voids an important merger and acquisition contract.

E & O Insurance Coverage

Every E&O policy may have its own inclusions. Many of them relate to covering legal fees, damages, and lawsuit settlements. Some professionals who carry E&O insurance for their business include digital marketers, lawyers, event planners, and investment managers.

What E & O Insurance Doesn’t Cover

Please contact Garrison Insurance Group in Lilburn, GA. We will advise you on what E&O insurance doesn’t cover, such as data breaches or criminal activity, and let you know if you need other coverage besides E&O commercial insurance.

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