How Do I Choose an Umbrella Insurance Policy?

Posted on December 20, 2023December 30, 2023 by admin

For some people, anything that involves insurance can be complicated. This is even more true when the subject of umbrella insurance is brought up. If you’re considering choosing an umbrella insurance policy, you might have no idea how to go about doing so. Choosing umbrella insurance doesn’t have to be complicated, and here is an overview that can help you choose the policy that works best for you and your needs.

Determine if you Really Need Umbrella Insurance

The first step to determining your needs when it comes to umbrella insurance is to determine whether you need this type of insurance. Umbrella insurance is an add-on that kicks in once your regular insurance funds have been exhausted following a claim. It is for wealthy individuals who are at risk of being sued for a number of reasons. If you are wealthy and you work with the public, then umbrella insurance is likely to be a good idea. On the other hand, if you’re not wealthy in the least, umbrella insurance probably isn’t for you.

Do You Have Assets to Protect?

If you’re ever sued, and you don’t have the funds upfront, umbrella insurance can help. However, it would have to have been purchased prior to the incident.

We Are Here To Help

As you can see, choosing an umbrella insurance policy doesn’t have to be difficult. If you follow this guide, you should be able to figure out a great plan that meets your needs. If you need a new insurance company, you may want to consider August Vincent Insurance Agency. We cover the Crystal Lake, IL area, and we’re here to serve you. If you live in Crystal Lake, IL, give us a call at August Vincent Insurance Agency, so we can provide you with a quote as well as the answers to any questions that you may have.

Auto Insurance for Ride-Share and Delivery Drivers

Posted on October 20, 2023November 1, 2023 by admin

If you’re a ride-share or delivery driver, your insurance needs are unique. Exploring insights into securing the right coverage for your driving ventures is crucial. That’s where we come in – to provide you with insights and tailored insurance solutions that cater to your own specific needs.

Types of insurance to consider:

Ride-Share Insurance: Specialized policies for specifically ride-share drivers
Commercial Auto Insurance: Provides coverage for both personal and business use of your vehicle.
Liability insurance: accidents you might cause while ride-sharing or delivering goods.
Uninsured/underinsured motorist coverage: Provides coverage if one ever encounters another motorist who is uninsured/underinsured
Additional Liability Coverage: Consider increasing your liability to help with any unforeseen accidents

Policy Adjustments

Be honest with your insurer about your intended use of the vehicle to ensure you have the right coverage.
Different insurance policies come with various deductibles and premium costs.
Carefully review these aspects to find a balance between affordability and coverage.

Gap Coverage

Gap coverage is helpful for drivers to fill in the gaps that exist when transitioning personal and commercial use of a vehicle.
Follow safety guidelines provided by your ride-share or delivery company to reduce the risk of accidents and claims.
Safe driving habits can lead to lower insurance premiums.

August Vincent Insurance Agency serving Crystal Lake, IL

Are you ready to pick your insurance type for your ride-share or delivery riding experience?

Here at August Vincent Insurance Agency serving Crystal Lake, IL and the surrounding areas, we’re committed to helping you choose the coverage that keeps you, your passengers, and your vehicle safe while you are out on the road. Contact us today and let us be your partner in securing the right insurance solutions for your unique needs. Your safety and peace of mind are our top priorities.

How umbrella insurance supplements your home and auto policies

Posted on August 24, 2023September 11, 2023 by admin

We buy insurance because accidents happen, despite our best intentions. However, some people don’t have the proper coverage for unexpected losses because they lack a vital part of the best insurance plans: umbrella insurance. To discuss how umbrella insurance can protect you and your family, contact our August Vincent Insurance Agency team serving Crystal Lake, IL.

Your Potential Liability

As an Illinoisan, you’ve experienced severe weather and know that slippery conditions can cause someone to fall on your property or contribute to an auto accident for which you are at fault. In either situation, your liability could exceed the amount covered by your home or auto policies, leaving you responsible for the rest. In the worst case, it could mean the loss of your savings, home, or other assets.

That is where umbrella insurance comes to the rescue by covering the amounts over your standard policies’ limits. Of course, umbrella insurance protects against "worst-case" scenarios, so most policyholders never need to tap into their coverage. But that also means umbrella policies are relatively inexpensive, so their value comes from providing you peace of mind, knowing your family is fully protected, even against unlikely events.

Besides supplementing your home and auto liabilities, umbrella policies can also cover legal and court costs resulting from accidents, making it vital protection for potential rainy days.

Working With August Vincent Insurance Agency

Knowing you and your family are protected is comforting in a world where anything can happen. So, if you live in or near Crystal Lake, IL, and want to discuss umbrella or other insurance protection, the August Vincent Insurance Agency team stands ready to help. Call us today to look at the options that make the most sense for you.

Keys to Keeping Our Homes Safe

Posted on July 21, 2023August 8, 2023 by admin

We spend a great deal of time, effort, and expense on making our houses homes. From repairs to remodeling projects, our homes are also more than an investment, and at the August Vincent Insurance Agency, we help Crystal Lake, IL homeowners protect more than their homes.

Today, keeping our homes safe has never been easier. And the good news is there are many smart and practical ways to help protect what we have worked so hard to build.

Steps to Protect Your Home

What once used to be a privilege for only those who could afford it, the cost of protecting our homes today is now affordable for almost every homeowner. With advances in technology and home insurance plans tailored to fit the needs of homeowners, people can protect their homes without breaking the bank.

Alarm Systems

One of the most essential keys to protecting our home is getting an alarm system. Today, they make many different types of home alarm systems to protect our humble abodes that are both safe and affordable.

Surveillance

Much like alarm systems, the cost of surveillance systems to watch your property when you are away has become considerably more affordable. These systems can also be as complex or as simple as you wish.

Insurance

Not unlike home alarms, home insurance is another staple in how to keep your home safe. The key to finding the right home insurance often begins with finding a reputable, friendly, and established insurance agent.

Visit the August Vincent Insurance Agency for All Your Home Insurance Needs

We look forward to helping you find the right policy and plan to protect your home and everything that it means to you and your family. Proudly serving our Crystal Lake, IL friends and neighbors, we have home insurance solutions to protect what you care about most. Contact us today to learn more about how we can help.

Three things you’ll like about your auto insurance policy

Posted on June 16, 2023June 22, 2023 by admin

There are plenty of great reasons why motorists need to have adequate auto insurance. If you drive a vehicle in the Crystal Lake, IL area, you can rely on us at August Vincent Insurance Agency for your auto insurance coverage.

The following are three things you’ll like about your auto insurance policy:

Auto insurance reduces the stress of being a driver.

It can be stressful to be a driver because it’s always possible that you will eventually get in an accident. With auto insurance, you don’t have to worry as much when you’re behind the wheel.

Auto insurance gives drivers more peace of mind and allows them to focus on driving safely rather than on the risk of accident damages.

Auto insurance keeps you out of trouble with the law.

Motorists in Illinois need to know that carrying auto insurance isn’t optional. All vehicle owners in Illinois need to carry an adequate amount of insurance.

You could be at risk of getting a citation if you are pulled over without auto insurance. This could result in harsh penalties like fines and a license suspension.

Auto insurance minimizes the financial loss you experience because of auto accidents.

You’ll probably end up in much better financial condition after being involved in an accident if you carry insurance. This is especially true if you are held liable for accident damages or you get in an accident with another motorist who is not carrying any insurance coverage.

Reach Out To Us

Find an auto insurance policy that you love with our help at August Vincent Insurance Agency. We’re a great option when you’re looking for an auto insurance provider that insures drivers in Crystal Lake, IL.

I’m a new business owner and my business hasn’t made much money yet. Do I still need commercial insurance?

Posted on May 19, 2023June 8, 2023 by admin

As a business owner, you’ll likely want your business to be protected from day one. Commercial insurance is designed to provide coverage, regardless of the stage your business is currently in. Speaking with an August Vincent Insurance Agency representative can be helpful when it comes to helping Huntley, IL business owners understand the benefits of commercial insurance.

What is Commercial Insurance?

Commercial insurance is business insurance. This insurance is designed to provide financial and liability protection for your business. This protection can cover your existing property or structure, business vehicles, customer and employee injuries, theft, damage, unforeseen events, and more.

The liability portion of the insurance provides protection from lawsuits and other legal matters associated with your business. Commercial insurance covers a wide variety of different areas of business. For example, if you have company vehicles, commercial auto insurance will provide coverage for the vehicles you use to operate your business.

I’m a new business owner, and my business hasn’t made much money yet. Do I still need commercial insurance?

If you are unprepared to cover any number of issues that could arise from damage to your business or a liability lawsuit, commercial insurance could be a wise investment for you. Commercial insurance provides a wide variety of different types of coverage that fall under the title of business insurance. Any number of unexpected events could shut down a business if the owner is unprepared.

Commercial insurance provides protection from unexpected events, liability and protection for your business operations and assets as well.

Looking for Insurance in Huntley, IL?

If you have questions regarding how your business could benefit from commercial insurance coverage, call us at August Vincent Insurance Agency. We’d be happy to help you explore your options.

Who should get an umbrella insurance policy?

Posted on April 11, 2023May 8, 2023 by admin

Umbrella insurance policies offer an extra layer of protection beyond the coverage you may already have with your homeowners, auto, or boat insurance policies at August Vincent Insurance Agency. In essence, it provides additional liability coverage if you are sued due to damages or injuries that are not covered by your existing policy. Whether you should get an umbrella policy depends on your particular situation here in the Huntley, IL area and risk tolerance.

Who should get an umbrella insurance policy?

Those who have substantial assets, own a business, or manage large amounts of money may want to consider getting a personal umbrella policy. This type of policy can provide additional financial security if someone sues them for damages caused by their negligence. Additionally, people who participate in hazardous activities such as skydiving or motocross racing may also benefit from having this extra protection in case an accident occurs.

Umbrella policies generally cover legal fees and court costs, as well as any judgment amount that exceeds the limits of your other insurance policies. They can also provide you with coverage in situations where your existing policy may not apply, such as slander or libel.

Ultimately, whether an individual should get an umbrella insurance policy is up to them and their specific needs and preferences. It’s important to weigh the pros and cons of such coverage before making a decision. Consulting with one of our experienced agents at August Vincent Insurance Agency can help individuals determine whether getting a personal umbrella policy is right for them.

Give Us A Call

For more information or to find a policy that meets your needs and your budget, give us a call at August Vincent Insurance Agency today. We are proud to serve the Huntley, IL area.

Three details you shouldn’t overlook when you buy a home insurance policy

Posted on March 27, 2023April 3, 2023 by admin

There are a lot of important details that you need to decide on when you insure your home in Huntley, IL. At August Vincent Insurance Agency, we can help you make important decisions on home insurance policy details by answering your questions and providing you with needed information.

The following are three details you shouldn’t overlook when you buy a home insurance policy:

The deductible amount

You need to decide on a deductible amount for your policy. This is the amount you have to put toward your claim before your insurance policy will start paying.

Higher deductibles typically mean lower premiums. Home insurance policy deductibles can either be flat amounts or percentages of the total amount of coverage you get on a claim.

Liability coverage maximums

Liability coverage on your home insurance policy pays for the costs of accidents that occur in your home that you’re liable for. It’s important to choose liability coverage maximums that are high enough to pay for the costs of any lawsuit you face.

Actual cash value or replacement cost coverage

Your home insurance policy also covers your property itself by providing you with either actual cash value or replacement cost coverage.

Actual cash value coverage covers you for the market value of your property at the time it is damaged. Replacement cost coverage will cover the cost of rebuilding your home without any depreciation in your home’s value being taken into account.

Do you have questions about insuring your home?

Are you currently getting policy quotes to see which home insurance policy you should purchase? You can call us today at August Vincent Insurance Agency in Huntley, IL to get a quote on a home insurance policy.

Does auto insurance cover a rental vehicle?

Posted on February 21, 2023February 22, 2023 by admin

When it comes to answering the question, does auto insurance cover a rental car, there isn’t a straightforward answer. The most accurate answer is maybe. It really depends on the type of coverage that you have. At August Vincent Insurance Agency in Huntley, IL, we serve the people of the Quad Cities, Iowa City, Huntley, and Lake in the Hills.

Does auto insurance cover a rental vehicle?

If you have basic auto insurance, which is mandated by the state, then no, you will not have coverage for a rental vehicle. Basic auto insurance is liability insurance only. You won’t have to worry about getting excess liability coverage if you are satisfied with the insurance that you have, it should be adequate for your rental car.

If you have a car loan or are leasing your personal vehicle, then the chances are you will have the coverage you need for a rental car. You must carry comprehensive collision coverage if you lease a vehicle or have a car loan. This insurance protects the vehicle itself, and it will cover your rental to the same extent.

Keep in mind that your personal auto insurance will cover a vehicle you rent in the United States or Canada, but the same can’t be said for Mexico or European countries. You will need to take advantage of the CDW that is offered by the car rental company. You may have car rental insurance as a perk on your credit card, and if you use that car for the rental, you may get coverage that way as well.

Give us a call

At August Vincent Insurance Agency in Huntley, IL, we are here to help our customers with all of their insurance questions and needs.

How much commercial insurance do I need?

Posted on January 27, 2023February 1, 2023 by admin

When it comes to protecting your Huntley, IL area business, commercial insurance is an important part of your overall strategy. Choosing the right amount of coverage can be tricky, however, as there are a number of factors that need to be considered.

Commercial Insurance: Factors to Consider

The first step in determining how much commercial insurance you need is assessing the risks associated with your business. Start by understanding the particular needs of your industry and then identify potential liability issues you may encounter. Additionally, consider the value of any assets you own and how they would be affected if something went wrong. Once you have identified all the potential risks, our knowledgeable insurance agents at August Vincent Insurance Agency can help you decide on the best type and amount of coverage for you.

Besides general liability insurance, there are other types of commercial insurance that may be beneficial for your business such as property insurance, vehicle coverage, workers’ compensation, and employer’s liability insurance. Depending on the size and structure of your company, you may also want to consider professional indemnity or product/cyber liability coverages.

An important factor when selecting commercial insurance is finding a policy that meets both your legal requirements and budget limits. Understanding what kind of coverage is available can help make sure all possible risks are covered without overspending.

Give Us A Call

Ultimately, choosing the right amount of commercial insurance for your business requires careful research and planning. Assessing potential risks, consulting with an experienced agent, and understanding what type of protection is needed and available within your budget parameters will help ensure you get all the coverage necessary at a price that fits within your means. For more information, give us at the August Vincent Insurance Agency a call today. We proudly serve the Huntley, IL area.

August Vincent Insurance Agency

Get a Quote

Determine if you Really Need Umbrella Insurance

Do You Have Assets to Protect?

We Are Here To Help

Types of insurance to consider:

Policy Adjustments

Gap Coverage

August Vincent Insurance Agency serving Crystal Lake, IL

Your Potential Liability

Working With August Vincent Insurance Agency

Steps to Protect Your Home

Alarm Systems

Surveillance

Insurance

Visit the August Vincent Insurance Agency for All Your Home Insurance Needs

The following are three things you’ll like about your auto insurance policy:

Auto insurance reduces the stress of being a driver.

Auto insurance keeps you out of trouble with the law.

Auto insurance minimizes the financial loss you experience because of auto accidents.

Reach Out To Us

What is Commercial Insurance?

I’m a new business owner, and my business hasn’t made much money yet. Do I still need commercial insurance?

Looking for Insurance in Huntley, IL?

Who should get an umbrella insurance policy?

Give Us A Call

The following are three details you shouldn’t overlook when you buy a home insurance policy:

The deductible amount

Liability coverage maximums

Actual cash value or replacement cost coverage

Do you have questions about insuring your home?

Does auto insurance cover a rental vehicle?

Give us a call

Commercial Insurance: Factors to Consider

Give Us A Call

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