3 Reasons to Give Life Insurance a Second Look

Modern life is hectic. Joggling between family, job, and personal responsibilities can be overwhelming, leading you to forget life insurance. However, despite how busy you are in life, never put your life insurance needs on the wayside. Whether you want to get a new life insurance policy or planning to add to the existing, Aussie Agencies of Knoxville, IA shares reasons you should give your policy a closer look.

Life insurance offers financial protection

If you have dependents, you don’t have to keep worrying about how they will survive without your income. Life insurance can become the bedrock of your loved ones. And life insurance isn’t about dependents only — it offers loads of other financial protection.

For instance, if you have debts, life insurance can clear them when you die. Besides, life insurance can finance your funeral expenses, relieving your loved ones of the financial burden of meeting your final wishes.

There is more to life insurance than you imagine

Most people think that life insurance offers financial protection only when they die. This notion is far from the truth. Life insurance offers “living benefits” like supplementing your retirement income and paying for long-term care expenses. When you invest in a whole life policy, it accumulates a cash value, which you can use for emergencies when alive and kicking. 

Life insurance may not be as expensive as you think

When most people are asked why they don’t have life insurance, they cite cost and competing for financial priorities. But is life insurance that expensive? In reality, life insurance is more affordable than you think, especially if you are young and healthy. Besides, numerous life insurance plans provide options to meet different budget needs.

Buy life insurance in Knoxville, IA

Would you like to protect your future with life insurance? Don’t hesitate to get in touch with Aussie Agencies for an affordable life insurance plan.

Required Commercial Insurance in Iowa

In Iowa, there are certain commercial insurance policies that are mandated by law for many businesses. If your business needs one or more commercial policies, give us a call now at Aussie Agencies in Knoxville, IA.

Workers’ Compensation

For Iowa businesses, it is required that workers’ compensation insurance must be kept by any business that has at least one employee. This is mandated even if there is only one, part-time employee. When you have workers’ compensation insurance in place, it will pay for the medical bills and lost wages for an employee who gets sick or becomes injured while at work. This protects your business by supplying funds for those bills so that your business won’t have to come up with the money. 

Commercial Auto Insurance

With Iowa state law, every vehicle in the state that is owned by a business must have commercial auto insurance for it. This insurance must have a specific minimum liability amount for each person who suffers bodily in an accident and another amount for everyone who became injured in an accident. It also requires an amount of liability coverage for property damage. If you use a vehicle for work tasks, but it isn’t actually owned by the business, a personal auto policy may not payout after an accident. It’s recommended in these cases that you get a policy type called hired and non-owned. 

Other Insurance Policies

While those are the required policies, there are many other types of commercial insurance that are helpful for businesses of every size. Getting a business owners’ policy can help by giving you several types of coverage. Cyber insurance can be helpful for businesses that rely on their computer networks. 

Cover Your Business

If your business meets the requirements for commercial insurance in Iowa, it’s important to get those policies in place. Call us at Aussie Agencies in Knoxville, IA.

Protect Your Classic Car with Aussie Agency

Americans have had a love affair with the automobile since before they built the interstate highway system in the 1950s, and Iowan drivers are no different.  Needless to say, protecting your classic car in the Hawkeye State means knowing your responsibilities, vis-a-vie the law, and sitting down with a qualified insurance agent from our friendly team here at Aussie Agencies.

Insuring Your Classic Vehicle with Aussie Agencies

Under Iowa law, the state offers antique car registration for vehicles over 25 years old who are eligible for this registration status.  Several factors should be considered when purchasing classic car insurance.  Typically speaking, classic car insurance differs from standard insurance in the following ways:

  • Low rates—are charged for classic car coverage because unlike your daily driver, classic cars are only driven part-time resulting in lower premiums,
  • Limited miles—are allowed to showcase your classic vehicle, and most policies allow for coverage when driving for educational, display, or exhibition purposes.
  • Agreed value—differs from “actual cash value” in that any payout for a total loss would be based on a pre-agreed amount representing the total value of the vehicle.

Clearly, insuring your classic car allows for a number of options, and speaking with an Aussie Agencies representative to get the information you need is your first step to success.

Contact Our Team at Aussie Agencies

If you have questions regarding insurance requirements for your Iowa registered classic vehicle, our team here at Aussie Agency is serving the greater Knoxville, IA area, and we are ready to answer any questions you might have regarding what it takes to legally go get the road.  When it is time to make sure that your classic car has the insurance you need, we invite you to reach out to our team here at Aussie Agencies to discuss your classic car coverage in Iowa. 

Should I Get Renter’s Insurance?

For many families moving to Knoxville, IA, there is always the issue of whether renters insurance is necessary. As Aussie Agencies has learned, every renter is looking to cutting costs, and avoiding renters insurance is one method of dealing with increased expenses. However, as trends show, renters insurance is an important coverage as it may help in the following ways. 

Landlords Might Demand Renters Insurance

A huge number of landlords in Iowa are currently demanding renters insurance. They are taking this route as a caution for unnecessary expenses that may engulf their properties. Therefore, families must be prepared to deal with such landlords, and the only way of getting a room in their apartments is by having renters insurance. 

Protect Properties When on a Journey

Sometimes you will have to travel within the country or even to another country and take several months before returning. You don’t want to leave many of your valuable items without the necessary security. Renters insurance will cover any problem that may arise when you are away, and it is one of the best policies that you can have for security purposes. 

Cover Possible Injuries in Your House

Injuries are bound to happen either through the act of negligence or through other means. If this happens to one of your friends visiting your rented property, renters insurance can be one of the essential ways of handling all the associated medical expenses and anything likely to arise, such as living expenses, among others.

Aussie Agencies has seen many families in Knoxville, IA suffer after experiencing a fire or theft incidence. These families did not have renters insurance, which means they had to cover their expenses through out-of-pocket expenses. However, with renters insurance, everything will be covered by the insurance company. Contact us today for more information about renters insurance.

Is Year Round RV Insurance Necessary

Based in Knoxville, IA, Aussie Agencies provides insurance coverage to the local community. We proudly serve as an independent insurance agency. We want to make sure that our clients are protected regardless of what situation may arise, and we offer multiple types of insurance policies.

Is Year-Round RV Insurance Necessary

Many Iowa residents enjoy traveling around the state in their RV. However, it’s important to have protection. If you enjoy traveling around Iowa and the surrounding states in your RV, consider RV insurance benefits. RV insurance covers you if you are involved in a collision, and your vehicle suffers damages. You can add comprehensive coverage so that you are protected if your RV is stolen or vandalized. Liability coverage protects you if your RV causes damage to someone else’s property or if someone is injured while riding in your RV. As you research coverage, you’ll have to assess whether year-round coverage is the right fit.

Think about the harsh Iowa winters. During this time, you may not plan to use your RV and instead store it until the weather gets warmer. You can add storage coverage to your policy. This is especially beneficial if you keep your RV at a storage facility when you aren’t using it. There is a possibility that your RV may still suffer damages. Your RV may collide with another vehicle, or the facility may suffer damages, which indirectly impacts your RV.

Storage coverage protects your RV if the facility suffers fire or water damage. You also have to consider what happens if the weather starts to change earlier than expected. If you opt-out of coverage, you won’t be covered if you use your RV and something unexpected happens.

Aussie Agencies Will Help You Protect Your Assets

Visit our website to learn more information about RV insurance or contact our office in Knoxville, IA.  

Is an Iowa motorcycle insurance plan a necessity?

Anyone who lives in the Knoxville, IA area will want to own a vehicle to help them get around town and the rest of the state. One type of vehicle that can be fun to drive is a motorcycle. If you are going to get a motorcycle when you are here, you need to get insurance. There are a few reasons why this coverage is a necessity for any motorcycle owner. 

Insurance is Required to Drive Legally

You will need to get a motorcycle insurance plan if you want to use your motorcycle on a public road in Iowa. All motorists in Iowa, including those that want to operate a motorcycle, will need to maintain a proper motorcycle insurance plan at all times. This has to include carrying the minimum level of liability insurance to comply with the minimum state standards.

Insurance Protects Asset

You will also want to get a motorcycle insurance plan as it will be required if you want to protect your valuable asset. If you decide to purchase a motorcycle, it will be a big investment and purchase. The best way that you can protect this investment is with a full collision and comprehensive plan. This coverage will ensure you have coverage if your motorcycle is stolen, vandalized, or damaged in an accident. 

If you own a motorcycle and are in the Knoxville, IA area, you need to get proper insurance coverage. As you are looking for motorcycle insurance coverage, it would be a good idea to call Aussie Agencies. The team with Aussie Agencies understands the importance of having this type of protection. They will take a personalized approach to fully understand your insurance needs and ensure that you remain properly covered with a quality plan. 

Is Boat Insurance Needed in Iowa

Although the boat is not legally mandated in Iowa, the peace of mind offered by having the coverage is well worth the expense. With interest in boating and other water recreational activities increasing at record rates, it has never been more important to ensure that you have adequate protection for yourself, your property, your passengers, and third parties. Boat insurance may not be required in Iowa, but you must complete a Boater’s Education Certificate if you plan to be operating any watercraft.

Obtaining your boating license is easy with three options available:

  • online course
  • classroom
  • home study

Once you have successfully passed the course, you can operate a boat without restriction; however, if you plan to allow anyone else to drive, they must also complete the educational course. Additionally, any person between the ages of 12 to 18 who wants to operate a boat over 10 horsepower must have an Iowa Watercraft Safety Certificate.

Boat insurance not only protects your boats from an accident you cause, but it also includes under and uninsured coverage, which means that if you are hit by another vessel without insurance, you won’t be on the hook for the totality of the damages. Given that Iowa does not require boats to have insurance, many vessels will be uninsured, making it even more important that you have the appropriate coverage. 

When it comes to shopping for boat insurance, let the team at Aussie Agencies in Knoxville, IA assist. Our friendly and professional staff of insurance experts will help you sort through your options and pick the perfect boat insurance for your needs, so give us a call today to schedule a no-obligation consultation.

What Is a Whole Life Insurance Policy?

When people have others, who depend on them, leaving them in the lurch after their death is not an option. The responsible action is to get a life insurance policy to protect everyone who may depend on your income. But what kind of life insurance policy should you try? One of the main types, whole life, is a popular choice for people of every demographic. If you’re interested in one of these policies, call us at Aussie Agencies in Knoxville, IA to talk with an agent. 

Whole Life

This type of insurance policy is called a whole life policy because once you take out a policy, it’s yours for the rest of your life. As long as you make your premium payments, it can’t be canceled by the insurance carrier. Many people like this type of policy for precisely this- they know it will be there for them for life. With premiums being paid, this coverage can last for decades, and the cost for premiums stays the same. Getting a policy when you’re older can be extremely expensive. However, you can lock in a lower rate by getting the policy earlier in life. 

The Cash Value

Another strong selling point is its cash value that builds up over time. This gives you ownership over some of the money that your policy makes in investments and interest so that you can borrow against it when you need to. This can help you to cover serious financial problems if they occur later.

Call Us Today

If you’re ready for a whole life insurance policy, call us today at Aussie Agencies in Knoxville, IA to find out more and make your appointment with an insurance agent who can walk you through the entire process. 

What to Consider when Choosing Commercial Insurance Coverage?

There are many types of commercial insurance coverage in the market. However, all of them may not be necessary for your business. What may be necessary for one type of business may not be necessary for another type of business. That is why it is important to have a reputable insurance agent to help you make sure your business is properly covered.

Other than that, the following includes what you should consider when choosing commercial insurance coverage: 

Knowing the Main Types of Commercial Insurance Coverage

You first need to know at least the main types of commercial insurance: liability insurance, property insurance, worker’s compensation, and company owner’s property insurance. Commercial liability insurance is coverage for damages the company and/or its products caused a person. Property insurance covers the building where your business is located, but the company owner’s property insurance is coverage for your supplies, office furniture, and equipment. Worker’s compensation is coverage for your employees if they become injured at work or due to work. 

Commercial Vehicle Insurance is also needed.

This is for businesses with commercial vehicles. In which case, personal car insurance won’t work. 

Consider your Business Size

It is imperative to consider the square footage, the number of employees, such as fewer than 100 employees, more than 500 employees, and adequate insurance coverage. 

In Closing

You’ve worked hard to build your business. So, don’t let all your hard work go to waste due to unforeseeable, dreadful mishaps, which are eventually bound to happen. 

Contact Aussie Agencies today. Aussie Agencies have been serving Knoxville, IA, and surrounding areas for several years. We have a highly trained and licensed team and are partners with multiple carriers. We will lead you in the right direction, so contact our team now!

Classic Car Insurance Can Help Protect Your Ride

Having a classic car can be a lot of fun. Whether you’re using it to drive around town, or you take it to car shows in the hope of winning prizes, it needs its own unique type and level of coverage. That’s why classic car insurance is so important to make sure you and your vehicle are adequately protected. At Aussie Agencies, we want all of our Knoxville, IA clients who have classic cars also to have peace of mind. The best way to get that is through the right coverage, and we’ll be here to help you find that. We’re happy to answer your questions, so you can enjoy your vehicle and not spend time worrying about whether it’s protected the way it should be.

Unlike a more standard car that’s manufactured in large quantities and commonly seen on the roads today, a classic car has unique insurance needs. There may not be many of them left anymore, and it may have been customized, as well. Because of that, it’s not replaceable in the same way a typical vehicle would be. Since that’s the case, it’s rare and needs the kind of protection that will thoroughly cover it if it’s damaged, stolen, or something else happens to it. With the right insurance, though, you can have that kind of coverage.

By reaching out to us at Aussie Agencies for your classic car insurance needs, you can get your questions answered by knowledgeable agents who want to help you protect your assets. If you’re in or around the Knoxville, IA area, we’ll be happy to work with you to find the right policy for your classic car. Depending on the kind of vehicle you have, the type and level of coverage you’ll need can vary. We want you to be able to make an informed decision about your insurance, and we’re here to help you do that.