Pepe Insurance Agency BLOG
Pepe Insurance Agency BLOG
Having a child is a major life event that drives people to consider getting term life insurance. When you have loved ones who depend on you financially, term life insurance provides a cost-effective way to protect them from financial hardship if you were to suddenly pass away. If you plan on having children, many people seem to wait until they are pregnant or had the baby already before they purchase life insurance.
Though it would be ideal to purchase life insurance before you have the baby, that is far from reality with most people. The best time to purchase life insurance would be before you are pregnant or in the first few months of being pregnant. After that, it is best to wait until you have the baby.
Underwriting varies amount life insurance companies, but most will consider you for a term life policy if you apply during the first or second trimester. At that stage, pregnancy weight gain won't have reached its full effect. There might be long-term complications too which would hinder your application such as gestational diabetes and preeclampsia. Weight gain is another concern for women. Insurance companies do not take that into account. Your weight during the paramedical exam will be the weight used in your final rating.
We recommend you get started early with life insurance before your pregnancy or in the first trimester. Pepe Insurance Agency is your trusted local insurance agent located at Poughquag, NY in Dutchess County. We do our best to make sure that our clients are well-protected with affordable life insurance. We make sure to go the extra mile to help you with your needs.
Get a quote for term life insurance. If you are interested in life products, click on the link below for more information and contact us today.
Actual Cash Value is the depreciated value of an item of property at the time of the loss. This type of settlement does not allow you to replace what you have lost. Instead, it compensates you for the value of an item as if were being sold at a garage sale. Think of actual cash value as the replacement cost of an item after depreciation is taken into account. In fact, actual cash value is simply replacement cost minus depreciation. So how does it work? Let's look at actual cash value with a few examples.
Claim Scenario #1: Your home and furnishings were destroyed during a recent wildfire. You made a claim to your insurance company and have met your deductible. Now you want to replace the damaged furnishings. Last year, you bought a sofa for $2,000.
Claim Scenario #2: Suppose you have an eight-year old air conditioning compressor that is damaged by lightning and needs to be replaced. The average life span of an air compressor is 16 years. You made a claim to your insurance company and have met your deductible. Eight years ago you paid $4,000, but now it costs $6,000.
Replacement cost is a term generally used in homeowners insurance. It basically states that if you have a claim, you will be compensated for the cost of replacing the property using today's prices. It allows you to put yourself in the same position you were in prior to the loss. It provides you with the necessary money to replace your items with another item of like kind. Compared to actual cash value, replacement cost does not take depreciation into account, so it is more favorable to you as a homeowner. So how does it work? Let's look at a few examples.
Yes, absolutely! No question about it. The stay-at-home parent is contributing multiple ways to the family, and the costs for those contributions can add up substantially. If the stay-at-home parent were to die, the working parent would still need to work, but would also need to pay for childcare and take on all of the household jobs. The price tag on childcare alone is expensive. It would be a huge financial strain on a family, especially after a terrible loss.
This is where life insurance comes in to play. With the right coverage, the surviving spouse could afford the help they need in a difficult situation. A term life insurance policy would come in handy if the surviving spouse now needs to pay for childcare and hire other workers for help around the house. The life insurance death benefit could greatly ease the financial strain.
Pepe Insurance Agency is your trusted local insurance agent located at Poughquag, NY in Dutchess County. We do our best to make sure that our clients are well-protected with affordable life insurance. We make sure to go the extra mile to help you with your needs.
To learn more about life insurance and to obtain a free quote, click on the button below.
You are driving down the road listening to your favorite music. The next moment you hear a sudden bang on your windshield and a crack suddenly appears. Something hit your front windshield and now it is damaged. Whether it was a small rock, a loose grain of sand that fell of a construction truck, or a stick that fell of a tree, you need to get your windshield fixed. It needs to be done since you can be pulled over and issued a driving violation if your windshield is cracked and obstructing your driving view. But will your insurance company pay for the damage?
The answer depends on the coverage that you have with your insurance policy. Windshield coverage generally falls under comprehensive coverage. If you purchased comprehensive coverage with glass coverage, then your windshield can be replaced. There might be a deductible, so check your policy. If you have liability only on your car, then you will need to pay out-of-pocket for your windshield because liability doesn't cover damage to your vehicle.
If your policy allows you to submit a claim for a cracked windshield, call us to report the claim and we will report it to the insurance company. The dominant windshield replacement company is Safelite. They will call you directly and schedule an appointment to fix your windshield. It is that simple!
Pepe Insurance Agency is your trusted local insurance agent located at Poughquag, NY in Dutchess County. We do our best to make sure that our clients are well-protected with affordable auto insurance. We make sure to go the extra mile to help you with your needs. To learn more about auto insurance and to obtain a free quote, click on the button below.
Youth sports are a popular recreational activity in our area of Dutchess County and the entire Hudson Valley and beyond. Whether it be baseball, softball, soccer, football, or any other sport, they are an enjoyable pastime for the entire family. On an given day, you see multitudes of teams practicing and playing their sports. Team spirit and good sportsmanship are learned and forever friendships are formed.
Everyone loves pizza! Pizza is big business. There are at least 10 pizza restaurants within 10 miles of our office, maybe even more than that. Yet, every one of them are successful and has their own loyal patrons. Pizzerias are multi-faceted establishments. They are part food-delivery services, some are also restaurants, some are strictly fast food with a few tables, some offer catering, and some also offer food delivery. Pizzerias are exposed to a number of potential risks. Without adequate insurance protection, one lawsuit from one of those risks could permanently shut down a pizzeria. As the owner, it is imperative that you maintain insurance for your pizzeria so it is properly protected.
Life insurance is one of the most valuable financial products that a young family can purchase. It is solely designed to provide financial support in the event that a wage earner in the family should die unexpectedly. Think about the consequences to your family if you were to suddenly die and your family has lost all of their income. Life insurance can help replace some or all of that income.
Several life insurance companies today offer life insurance with no upfront medical exam, up to certain death benefit limit. At the time of application, you are not required to undergo a medical exam until the company requests one. A life insurance medical exam generally requires you to give blood and a urine specimen, have blood pressure taken, have height and weight measured, and answer many medical questions from the exam vendor. It can be a great option if you are in excellent health and not looking for a large amount of death benefit.
But, you need to qualify first. No medical exam does NOT mean that you don't have to take a medical exam. The company certainly has the right to request one and will deny your application if you refuse. Not everyone qualifies as well. Several reasons why you might not qualify include age, your height and weight combination, certain medical conditions (asthma, cancer, diabetes, heart disease, etc.), regularly engage in certain risky activities (such as skydiving), abuse alcohol and drugs, and you haven't seen your doctor recently or have never seen a doctor.
Due to the COVID-19 pandemic, a lot of life insurance companies in New York have tightened their requirements and will no longer sell a life insurance policy without a medical exam. Other companies will not sell policy with a death benefit greater than a certain amount without a medical exam. One of our major life insurance companies offers a no exam life policy for death benefits under $250,000. Over that amount, every applicant is required to take a medical exam.
Pepe Insurance Agency is your trusted local insurance agent located at Poughquag, NY in Dutchess County. We do our best to make sure that our clients are well-protected with affordable life insurance. We make sure to go the extra mile to help you with your needs. To learn more about life insurance and to obtain a free quote, click on the button below.
Owners of garages and auto repair shops need business insurance to protect their assets from the risks associated with making repairs to other people’s vehicles. Any kind of injury, error or property damage can result in a costly claim or lawsuit. Two of the most important insurance policies for an auto repair shop are garage liability insurance and garage keepers insurance.
Garage Liability Insurance: This type of policy covers an auto repair shop against lawsuits and medical costs arising from the injury of someone while on your shop premises. A single accident can result in a lawsuit that damages a business beyond repair, so it is important to have accurate and sufficient liability coverage in place.
Garage Keepers Insurance: You might be storing your customers' vehicles overnight at your shop. You could be liable if a customer's car is vandalized or stolen while in your shop. This insurance provides protection for your customers' cars while they are in your shop.
There are many other types of insurance that an auto repair shop might need to purchase including business auto insurance, business interruption insurance, workers' compensation, business property insurance, property and equipment insurance, crime insurance, and data breach insurance. Except workers' compensation, many of these policies can be packaged together into one policy.
Pepe Insurance Agency is your trusted local insurance agent located at Poughquag, NY in Dutchess County. We do our best to make sure that our clients are well-protected with affordable business insurance. We make sure to go the extra mile to help you with your needs. To learn more about business insurance and to obtain a free quote, click on the button below.
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Pepe Insurance Agency
2568 Route 55
Poughquag, NY 12570
PO Box 480
Poughquag, NY 12570
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