Can I wait until I retire to get life insurance?

Residents of Harrisburg, PA get all the benefits of a modern city with the historical background of the State Museum and Civil War reenactments. There is definitely a feeling of time passing, and you may be thinking about what will happen when you are gone. 

You may have thought about getting life insurance,  but like many people, put off making a decision until later. You may even have called Henderson Insurance Agency at one point to get a free quote. 

You could technically put off getting life insurance until you retire, but if you wait that long,  you may never be able to get it at all. You never know what day will be your last, and you don’t want to leave your family without your support because you didn’t plan ahead.

The quote you got in the past is likely no longer good, as life insurance gets more expensive as the person who is insured becomes a higher risk. The least expensive policies are for the youngest people,  but you can lock in a low rate by purchasing a policy when you are young.  You can even lock in a low rate for a relative, such as a child or nephew, by making a gift of life insurance.

There are two main kinds of life insurance, whole life, and term life, and you can get more benefit from the one you choose if you get it earlier. You don’t want your family to have to deal with your loss without the best financial help you can give.

If you are in Harrisburg, PA, you have several good options when it comes to life insurance, and you can save by locking in a  lower price. If you want to purchase life insurance, or if you just have questions, please contact Henderson Insurance Agency today. 

Umbrella Insurance vs. Extending Your Current Policies

As your assets grow, so too do your risks, and so too must the reach of your insurance plan. This most often comes up when considering liability insurance. There may come a point where you need to upgrade your policy, and you’ll need to decide between umbrella insurance or "excess liability." So what’s the difference?

  • Excess liability has no effect on the terms of your insurance policies in general, rather, it simply raises the limits of your liability protection.
  • Umbrella insurance provides the same additional coverage as an excess liability but also covers a number of losses not considered by excess liability.

Terms will vary from one plan to another, but some of the additional coverage that may be provided by umbrella insurance can include international auto coverage, protecting you no matter where in the world you wind up, coverage for libel and slander claims, and protection for claims related to your position in an organization as a director or CEO. Umbrella will also extend coverage on a lot of your basic policies like homeowners and condo insurance, auto, RV, watercraft and so on.

It will essentially come down to how many different bases you need to cover. When you have only one insurance plan that needs to be extended, such as excess liability for a Harrisburg, PA business, it might make sense just to extend that one plan. When you move into a larger house, expand your business and buy a new car all in the same year, you’re likely to get better protection on an umbrella plan.

If you’re looking to stay safe come what may, get in touch with Henderson Insurance Agency and see how we can help.

What you need to know about toy insurance

Having a recreational toy can be a very fun experience that will provide you with some great memories. While having a recreational toy is a fun thing to own, there some important responsibilities that go along with it. One important thing that you will need to do is make sure that it is properly covered by insurance. There are several things you should know about insurance for your toy.

You Can Protect the Asset

While a recreational toy in the Harrisburg, PA area is considered something that is fun to own, it is also an expensive asset that should be properly covered. One of the best ways to cover these assets is with a toy insurance policy. When you have a good toy insurance policy, you will receive protection from many different types of losses including theft, damage from an accident, and even storm damage.

Liability Coverage

Whenever you operate one of these toys, you will be taking on some responsibility. If you get into an accident and are at fault, you could have a major financial responsibility coming your way. A toy insurance policy will give you coverage for these situations. If you are found to be at fault, you will receive coverage up to the amount of your liability insurance policy. 

Since there are some clear advantages to have toy insurance, those that have recreational toys in the Harrisburg, PA area should speak with a professional to learn more. One company that can help you better understand your recreational toy insurance needs is the Henderson Insurance Agency. The processionals at the Henderson Insurance Agency will be able to review your particular situation and help you get into a policy that properly meets your needs.  

Do I need to buy homeowners insurance for my Pennsylvania home?

The answer to the question do I need to buy homeowners insurance for my Pennsylvania home is no, home insurance is not mandatory under the laws of the state. Your lender or mortgage holder, however,  may require that you hold enough insurance to protect their investment. But what about your investment? For most people, the purchase of a home is the single largest purchase they ever make. Things happen that can damage that investment and if you don’t have home insurance you could find yourself homeless or in a very damaged home. Residents of the greater Harrisburg, PA area can feel confident making the correct decision after meeting with the friendly staff at Henderson Insurance Agency. 

Homeowners insurance offers a variety of important protections for your home. If can help you to repair or rebuild if your home is damaged or destroyed by fire, theft, wind or lightning strikes. It also covers damage from heavy rain, snow or ice but not from the flooding that results. Water damage due to broken pipes or sewer backup should be covered. The coverage also extends to other buildings on your property such as a detached garage, casita, gazebo or deck.  

A home policy will also cover your personal items but there are limits and deductibles. If you have expensive electronics, watches, jewelry, etc this will need additional coverage. 

In the event that your home becomes uninhabitable due to a covered event, your insurance will pay for a place for you to stay until you can come home.

Homeowners insurance is important to your peace of mind. Why not give the expert agents at Henderson Insurance Agency in Harrisburg, PA a call for a no-obligation quote. You will be surprised at how affordable it can be to secure your investment.

 

What Concerns Should I Have When I Sell My Car to Buy a New One?

When selling your car to a private party and buying another car, there are a few considerations that make the transactions safer for you. Failure of the buyer to register the car in their name may cause problems. You may get the blame if the car is involved in an accident, the driver gets a moving violation, or the car gets a parking ticket(s).

If the car is still registered in your name when these things happen, you may find yourself getting into a lot of trouble for things that you had nothing to do with. Even if the new owner pays in full for the car, it is also important to make sure the registration is changed.

Changing Ownership of the Car Being Sold

One way to achieve this is to go together with the buyer to the PA Department of Motor Vehicles (DMV) and change the registration in person. This may not be convenient if you both cannot go together at the same time.

Another way to deal with this is to double-check that the ownership has been changed and to notify the DMV that the car was sold by you on a certain date. If you file this notice with the DMV, you will remove yourself from any further responsibility that you have for the car, after the date that you notified the DMV that the sale was made.

Insurance Changes

Regarding auto insurance, you want to keep your insurance in place on the car that you sold for a few days longer after the date it was sold. This will give you time to make sure the DMV was given notice of the sale and the ownership was is officially changed in the DMV records. When you are sure that the title is changed, you can cancel your insurance on the car that you sold.

When shopping for another car, work with your agent at Henderson Insurance Agency, serving Harrisburg, PA and the surrounding area, to get a quote for any cars that you are thinking about buying. In that way, you can compare the total cost of owning the other car including what it costs for insurance.

Contact your agent at Henderson Insurance Agency in Harrisburg, PA by calling 717-652-8355 or by using the convenient online form to request a quote for auto insurance.

Why do I need workers comp insurance

Owning a business in the Harrisburg, PA area can be a great idea for anyone that wants to be their own boss. When you do own a business in Harrisburg, it is important that you have the right insurance in place for your organization. One type of insurance that you will need to have at all times is workers compensation insurance. There are several reasons why you need to have workers comp insurance at all times.

Protects Your Staff

Having quality employees is important for any company. Without them, it will be impossible to grow and succeed. When you have workers comp insurance in place for your business, you will be providing them with very valuable protection. A workers comp insurance policy will be beneficial as it will ensure that your staff has access to financial coverage if they are injured while they are at work and doing their job.

Legal Compliance

Most employers in Pennsylvania are required to carry workers comp insurance at all times. If you do not have workers comp insurance in place while you have people working for you, it will be a violation of state law. If you are caught doing this, you could be severely penalized. Having workers comp insurance in place will help to comply with these laws. 

For a Harrisburg, PA business owner or manager having workers compensation insurance in place is very important. When you are trying to figure out your workers compensation insurance needs, contacting the Henderson Insurance Agency is a good idea. The Henderson Insurance Agency can help you to better understand your business’s needs and requirements. They can then get you into a workers compensation policy that provides you with the right type and level of protection. 

An Introduction to Health Insurance

Henderson Insurance Agency of Harrisburg, PA understands how confusing health insurance can seem. We’re here to explain the basic though, so you can make an informed decision.

Health insurance comes in two main forms – private and public. An individual normally obtains a private health insurance policy from their employer or school or by purchasing it directly. A public health insurance policy comes from the government through a program such as Medicare or Medicaid or an agency including the Veteran’s Health Administration and the Indian Health Service.

While both types generally require a premium payment, usually on a monthly basis. This keeps the policy open and active.

While every health insurance plan differs in coverage, in general, they pay for or defray the cost of visiting a health care provider. This can refer to a doctor, hospital, physical therapist, etc.

Some insurance plans offer fully covered wellness visits, while others require a co-pay for a simple annual checkup. The co-pay, or portion the insured pay out of pocket for each visit, varies by plan and insurer.

Even among private insurance plans, there’s no single type. You can choose from five major types of plans:

  • managed care plans provide the insured with a network of lower-cost healthcare providers from which to choose. This plan type charges a penalty or fee for treatment by an out-of-network provider.
  • indemnity plans also called fee-for-service plans, provide a greater choice of providers since the insured can choose nearly any place of treatment. The insurer generally pays about 80 percent of the treatment cost, while the patient pays the rest.
  • health maintenance organizations (HMOs) directly provide medical care to the insured. They have negotiated fees with each healthcare provider. The policy usually assigns a primary care physician to the patient to coordinate all necessary care.
  • preferred provider organizations (PPOs) resemble indemnity plans because they let the insured visit any doctor. Like an HMO, the PPO has negotiated fees with each healthcare provider. It pays for part of an out-of-network provider visit and patients can go to a specialist without a referral.
  • point-of-service (POS) plans let the insured mix and match the best from an HMO and PPO. It lets the insured pick between having a primary care physician coordinate treatment, getting treatment within the provider network and visiting non-network providers.

Picking a health insurance plan helps you pay for wellness care and emergency care. It is important to choose the right plan though so you do not trap yourself for a year or more since in the US, you must wait until open enrollment to switch coverage unless you meet a legal exception.

Call us at Henderson Insurance Agency of Harrisburg, PA for other questions about health insurance. We’re here to help you get the coverage you need.

High risk life insurance

Life insurance is very cheap if you are young and healthy, but sometimes people are in dangerous situations and that increases the risk a person faces. This may make life insurance companies hesitant to cover certain situations. Military personnel in a war zone are covered by a program with the Dept. of Veterans Affairs.  Life insurance can get complicated, so contact the Henderson Insurance Agency in Harrisburg, PA to get help in understanding the details of life insurance.

Soldiers are automatically covered with a $400,000 death benefit. Most life insurance policies have a war-zone exclusion for general citizens in their policies. 

Things like smoking, or any kind of tobacco use, is also considered a risk for insurance companies. You may have to pay higher premiums as a smoker, and in some cases, you may not be able to get insurance. If you have a pre-existing condition you may also have trouble getting life insurance, but it depends on what the pre-existing condition is and how far advanced it is. If you have cancer, for instance, you may not be able to get life insurance, but if you have something like diabetes you may be able to get overage at a higher price.

Race car drivers were once considered high risk, but not so much in recent years. High-risk professions and hobbies can cause your rates to go up, but there are guidelines that assess you much of a risk you face. Stop by the Henderson Insurance Agency in Harrisburg, PA to learn more about life insurance. You may also visit us online and get more information about high-risk situations you may face.  Usually, we take a case-by-case approach and determine how much risk an individual is facing as opposed to just using a formula to set rates.

How an Umbrella Insurance Policy Protects Your Family’s Future

Families who work hard to prepare a future for their families should have this future secured in the event of a liability claim that could wipe out your assets. The protection of a standard home or auto insurance plan has its limitations and limits for financial coverage. Umbrella insurance gives that extra layer of protection to families and their benefit can protect your family’s future. For those residing in the Harrisburg, PA area, purchasing umbrella insurance is easier than you think. 

Financial Costs After Coverage

If either of your home or auto policies reach their coverage limit, the remaining expenses for any outstanding claims will fall to your responsibility. Unfortunately, when this happens, families turn to their savings for assistance or liens against assets for financial assistance. Sometimes homeowners may have to sell any assets such as stocks and retirement funds. Liens and depleted assets can destroy the financial stability you have been building for your family. Saving for college education and retirement can be out of the question for those without this additional coverage. 

Cover the Full Value

When you purchase your policy, an agent with Henderson Insurance Agency will assist you with receiving the proper coverage to protect your assets. You need to consider the value of all of your current possessions, as well as any retirement, college, or general savings that you currently have. Because the potential to sue for future income is available, you should also consider your estimated future income for your umbrella policy. Any asset that can be used as collateral should be covered. Having this coverage will secure your assets and protect your family’s financial future. 

Protect Your Family Today

If you live in or around the Harrisburg, PA area, look no further for your umbrella insurance policy. Contact an agent today at Henderson Insurance Agency to begin preparing your umbrella insurance policy and protect your family’s future. 

What is Toy Insurance?

Toys are not just for kids anymore. Chances are you have a few grown-up toys in your garage or on your wish list. Either way, these toys will need insurance. Whether your love is your collection of vintage Barbie dolls, old stamps, or a fleet of ATVs, protect your toys from damage and theft with toy insurance in Harrisburg, PA.

What Toys Qualify under Toy Insurance?
Generally speaking, toy insurance is coverage that protects your toys. These can be any of the following:

Land Vehicles: These include campers, trailers, motorhomes, antique cars, ATVs, golf carts, recreational vehicles, snowmobiles, and more.

Watercraft: These includes jet skis, sailboats, watercraft, and more. The criteria for insuring these toys include watercraft up to 26 feet in length and sailboats up to 40 feet in length with a horsepower of 200. 

Collectibles: These include any collection that is worth a sizeable amount, such as stamps or collectible toys. 

Why You Should Purchase Toy Insurance

While your collectibles may be safely tucked away inside a locked cabinet, they are still prone to damage or theft. For other toys, especially watercraft and land toys, these can pose a danger if there were to be an accident. Protect yourself and your investment with toy insurance that covers damage to property, personal injury and more. Having toy insurance will also give you peace of mind knowing that if anything happens, you’re covered.  

How to Purchase Toy Insurance

To start with, it’s a good idea to work with a reputable insurance agency, like the agents at Henderson Insurance Agency. Since toy insurance is not the most common type of policy people buy, it’s best to consult an insurance agent about what can be covered and at what price. Contact Henderson Insurance Agency serving the Harrisburg, PA area today to learn more.