Safeguarding Your Snowmobile

Does Your Snowmobile Have The Protection It Should?

You know you need to insure your automobile, but you may see your snowmobile as a winter toy more than a vehicle and consequently not have thought about covering it. While not every state legally requires you to insure your snowmobile, smart owners know that it is important to cover this recreational vehicle. When you are deciding how much coverage to secure, consider these questions:

  • What Do I Need Covered? Do you want your snowmobile to be protected if you collide with another snowmobile or immovable object? Get collision coverage. Do you want it to get replaced if it gets stolen? Get comprehensive coverage. Do you want medical bills to be paid if someone¬†gets injured out on the powder? Get bodily injury liability coverage. This may sound like a lot, but an insurance expert can help you discern what type of protection you should get.
  • How Much Does It Cost? Like most insurance coverage, the answer is- it depends. While you can get coverage for $100 a year if you want to stick with simple liability coverage, full coverage is still not a big expense. You can most likely secure full coverage for yourself and your snowmobile for less than $500 annually.
  • Are My Passengers Protected? If you regularly bring passengers along for the ride, let your insurance agent know. He or she will be able to help you cover your friend or family member on the back of your snowmobile.

Do you know how to protect yourself and your snowmobile this winter and throughout the year? Contact the insurance professionals at The Insurance Shop in White Bear Lake, Minnesota for all of your snowmobile insurance coverage needs. Our team of experts is here to safeguard your fun in the snow!

The Many Benefits Of Permanent Life Insurance

Life insurance concept.

Life insurance concept.Would This Multi-Purpose Policy Be Right For Your Family?

We love multi-purpose items. Shampoo and conditioner in one bottle? Awesome! A speaker and cooler in one? Sign me up! Pants that convert to shorts? Great! You may not have considered that your life insurance could also serve multiple purposes, but with a permanent life insurance policy it can.

Permanent life insurance is just want it sounds like- life insurance that is permanent, meaning it does not expire after a certain date in the way term insurance does. You may not think you will need life insurance even after you have stopped earning an income and the kids are out of the house, but would your spouse be able to maintain the quality of life you hope to enjoy in your golden years without you? Would he or she be able to achieve financial goals like amortizing your mortgage? Permanent life insurance protects your loved ones from the eventuality of life without you.

The benefits do not stop there, though! On top of the death benefit both term and permanent life insurance policies pay out, permanent insurance builds cash value as you pay your premiums. This value is built tax-deferred, meaning your life insurance policy can offer you a financial planning tool in the same way your retirement or tuitions savings plan can. You can even borrow this cash value during your lifetime with relatively low rates.

Ultimately, permanent life insurance is a multi-purpose solution to safeguarding your family now and in the future.

Do you have the life insurance policy that is right for your family and your current season of life? Contact the insurance professionals at The Insurance Shop in White Bear Lake, Minnesota for all of your life insurance coverage needs. Our expert team can help you pick the right policy at the right price.