Shelton, CT Life Insurance Options for Heads of Household

If you are the primary breadwinner of your home, you are considered the "head of household." This means you are responsible for making most of the decisions regarding your finances and income. You have people relying on you for all of their needs, including food, shelter, clothing, and security.

Part of that security is in knowing that, should something happen to you, the primary breadwinner, they would not go without help. Life insurance is one of the surest ways you can prepare ahead in the event of your death without cutting into the larger savings and investment money you worked so hard to build.

Goodman Insurance Inc.

Goodman Insurance Inc. serves the Shelton, CT area and they encourage you to take account of your current expenses, household income, and assets so that you will be able to put in place options that will allow your family to survive financially in the event of your death.

Where do I start?

Life insurance is confusing to many people. Wealthy people, who have a lot of other assets, are sometimes the most confused. They feel that they have enough wealth to take care of their family and don’t feel there is a need for life insurance. But investments, savings, CDs and other assets are meant to be there for long-term security, not to pay off debts and end-of-life debts. If they have to use savings and investments to take care of these final bills, they are cutting into their main line of security.

Life insurance is meant to handle final expenses, but also to provide for at least a few months of income during the time your family is getting used to living without your income.

Visit Goodman Insurance Inc. to learn more about how you can protect your family as the head of household and insure their future today, while you can still do something about it. 

Useful home insurance Tips for New Homeowners

Buying or owning a new home in Shelton, CT can be one of the most exciting times of your life. Regardless of whether you have built or bought a new home in Shelton, CT it’s imperative to purchase home insurance that will safeguard your precious asset and your possessions against theft and damage. The premiums you pay for your home insurance vary by hundreds of dollars depending on the insurer you purchase your policy from. If you are interested in acquiring more information about home insurance policy, connect with us at Goodman Insurance Inc.Additionally, if you are a new homeowner, our agents will educate you on the helpful home insurance tips, including:

Shopping around for the best value

 Shopping around Shelton, CT, is the best way to find affordable home insurance premiums. Contact at least three reputable insurance companies and compare various coverages. But keep in mind that the cheapest policy doesn’t always offer the best value.

Bundling your insurance policies

If you are looking towards saving money on your home insurance policy by getting affordable premiums, it’s prudent to consolidate various insurance policies. Inquire from your insurer how much you can save from buying more than one product, like home and auto insurance policies.

Raising your deductible

The lower the amount of deductible you pay, the higher your insurance premium. Higher deductibles payable to an insurance company are tried and tested to save money on all kinds of insurance policies, including home insurance.

Understanding what is covered 

Mother nature has demonstrated a tendency to wreak havoc on homes. This vulnerability to disasters makes insurance companies not cover many disasters under home insurance. Standard policies typically have exclusions for earthquakes, floods, landslides, and damage from tornadoes in high-risk areas that may not get covered.

Determining the right amount of policy for your home

It’s vital to insure your home at replacement value rather than market value. To get the right coverage, you must establish how much it would cost to repair the property or contact your insurer, who can accurately assess its coverage needs.

Undertaking early shopping and asking questions in Shelton, CT about home insurance is the ultimate way of getting the best deal. Contact us at Goodman Insurance Inc. for more information and queries.

Why should I get commercial insurance in Shelton?

The Shelton, CT area is a popular place for people to move to and visit. This population and local demand can make it a great place for someone to start and own a business. As you are looking to run a business in this part of the state, getting the right insurance is important. You should get commercial insurance for your business for a few different reasons.

Coverage Protects Business Assets

An important reason to have commercial insurance here is so you can protect your assets. Company assets are necessary to build and grow your organization. If you incur a loss of an asset due to damage or theft, knowing that you have commercial insurance by your side to help replace the assets is very helpful. This can help you avoid major financial setbacks that can come with replacing these assets.

Liability Mitigation

A business owner in this state should always take their liability risks seriously. If you are going to try and grow a business here, finding ways to mitigate your risks of liability is important. The most effective way that this can be done is with commercial insurance. A full commercial insurance plan is going to include a variety of forms of coverage that will help you manage liability claims and even cover settlements or liability judgments. 

Those that are in the Shelton, CT area and would like to have the right insurance in place for their business should speak with Goodman Insurance Inc. When you are looking for commercial coverage, you could find that there are a lot of choices that need to be made. The team with Goodman Insurance Inc. can offer a lot of support to ensure you understand your business insurance needs and options which will help ensure your organization is properly covered. 

Why Is Term Life Often Called “Temporary” Insurance?

Temporary insurance, commonly known as short-term coverage, refers to a policy offered by Goodman Insurance Inc., located in Shelton, CT, during the underwriting process. 

If you die before the final policy has been approved, your beneficiaries will receive the payout from the insurer. 

Therefore, it’s worth noting that the coverage offered by a temporary policy only applies during the waiting period. Connecticut residents can’t purchase it separately!

Can You Apply for Short Term Coverage?

Traditionally, when Goodman Insurance Inc. gives you this policy, it implies that specific preset terms and conditions will guide coverage. The criteria used relies on factors like:

  • Your medical history
  • Questions related to your health condition
  • Current age

Although every insurer operates using a set of requirements set by their team, coverage for Shelton, CT residents is considered varied if the person being insured is older than fifteen days.

However, there’s a maximum age limit of sixty-five years. 

The Way It Works 

As noted above, your medical history, including certain medical conditions you could be suffering from, can disqualify you from being covered by the short-term policy.

But this doesn’t mean that the same would apply when dealing with the primary plan. If you were to die when using this policy, the death benefits would equal the amount indicated in your coverage. 

Connecticut insurers will pay this and may go as high as one million dollars. The short-term coverage becomes operational the moment a receipt for the same gets issued to you. 

Under this policy, coverage will come to an end if any of the following events come to pass:

  • After sixty to ninety days have passed since you submitted your application for coverage
  • If you choose to terminate the policy or ask for a refund from the insurance company
  • Once the policy goes into force
  • If you get disqualified for any reason

There are many reasons why you should consider investing in a temporary insurance policy. Contact us today to learn more about what the policy can do for you and your dependents.

Why do I need home insurance in Shelton?

The Shelton, CT area can be a great place to live and work. Along with this, Shelton continues to be a good place to purchase a home. If you choose to buy a property in the future, you will want to know that you get proper insurance for it. You will need to get a proper home insurance plan here for a few different reasons. 

Home Insurance is Required

A common reason for anyone to get a home insurance plan here is that it is often a requirement for property owners. If you decide to buy a home, you likely will need to finance it with a mortgage. If this occurs, you will have to comply with your lender’s insurance requirements. This usually entails that you escrow your payments each month and have an insurance plan that is acceptable to your lender.

Home Insurance Protects You

It is also a good idea to get home insurance because it can protect you. When buying a home you are going to be getting an asset that you will want to last you for a very long time. You are able to protect this asset if you invest in a full home insurance plan. With this coverage, you will get the protection needed to repair or replace this home. 

Anyone that would like to get a home insurance plan when you are in the Shelton, CT area should call the team with Goodman Insurance Inc. If you choose to call Goodman Insurance Inc. for your insurance needs, you will get the support and guidance that is needed to choose a home insurance plan that is right for you. This can help ensure that your home and valuable assets are properly covered and protected by insurance at all times. 

Does a Home Business Need Commercial Insurance?

Today, most entrepreneurs are operating their businesses at home. There are technological advancements to support home-based businesses, and there is no doubt that this is the future of entrepreneurship. It is a cheap way of dealing with your customers while at the same time staying close to your family. However, if you’re a Shelton, CT resident, you might be wondering whether your home-based business needs commercial insurance.

Every Business Needs Commercial Insurance

According to Goodman Insurance Inc., just because you are operating your business at home does not mean that you are not exposed to the different risks. Your business is still facing the same risks that other mainstream business organizations are facing, which means that you need the necessary commercial insurance policies for your organization. 

Property Insurance

Even when operating at home, you have several properties that you use to run your entrepreneurship. Equipment such as fax machines, printers, and computers are essential in your daily business transactions. You need property insurance to cover the damages or loss of these tools. 

Liability Insurance

You might have customers who have been visiting your home for business purposes. In this case, you need to have liability insurance to cover the damages to the properties or people visiting your home-based business. If you don’t have liability insurance, your organization will have to cover such liabilities. 

Other Coverage

There are other essential aspects of your home-based business that you would like to cover. For example, if you have employees, you need to have employee compensation insurance and other necessities to protect your organization. 

Getting commercial insurance policies for home-based businesses in Shelton, CT, might sometimes be challenging, especially from conservative insurance companies. However, Goodman Insurance Inc., a progressive insurance company, already understands that there are many home-based companies and is ready to provide various insurance types to such organizations.

Is Life Insurance Right for Me?

Goodman Insurance Inc. is a leading insurance company in Shelton, CT, that has been helping the community to get the right insurance policies. Life insurance remains to be one of the major products that the company has been selling to its customers. So, here are some of the primary reasons why life insurance is right for you if you don’t have one.

Paying Final Costs

You don’t want to leave your family suffering after your death due to unpaid bills. Having a life insurance policy can be the best strategy you can use to pay the final costs such as funeral expenses and medical bills not covered by health insurance, cremation expenses. It can also be used to pay estate costs and any other unpaid obligations that you will be leaving behind. 

For Inheritance Purposes

You can use your life insurance benefits as an inheritance for your loved one. However, you must make sure that you name the person who should receive the benefits after you pass on. There have been very many legal cases that have arisen in recent years, where many people did not name the rightful beneficiaries in their life insurance policies.

Charitable Contributions

You can create a life insurance policy while at the same time naming your favorite charity as the ultimate beneficiary. The benefits will be provided to your charity of choice. This is an essential strategy that philanthropic individuals are using to ensure that their charitable activities continue to operate long after they are gone. 

Do You Need Life Insurance?

As you can see, you will always benefit from having life insurance. However, the process of picking this cover is complicated, and you need an experienced hand to help you out. At Goodman Insurance Inc., we’re dedicated to helping people living in Shelton, CT, and the neighboring communities. You can call our experts for more specific details on life insurance.

Three types of coverage you need on your Connecticut home insurance policy

You need to find a home insurance policy in Shelton, CT that will give you peace of mind and financial security. We can help you meet your home insurance needs at Goodman Insurance Inc.

The following are three types of coverage you need on your Connecticut home insurance policy.

Liability coverage

If an accident occurs on your property in which another person is injured, you could be held liable for the resulting expenses. If you have a home insurance policy with liability coverage, your liability coverage will pay for the resulting expenses.

It’s important to have adequate liability coverage to protect yourself against the costs of lawsuits resulting from injuries on your property. 

Contents coverage

Home insurance policies can cover your possessions that you keep within your home. A home insurance policy should include contents coverage to cover your belongings.

When determining how much coverage you need, it’s important to consider the value of the possessions you have in your home. If you have highly valuable items in your home like expensive electronics or collector’s items, you might need to invest in added coverage. 

Water and sewer backup coverage

If the water or sewer lines in your home become backed up in your home, your property could become severely damaged. That’s why it’s a good idea to include water and sewer backup coverage on your policy. This type of coverage can pay the costs of restoring your water and sewer lines to working order. Water and sewer backup coverage can also pay the costs of water damage remediation if necessary. 

Let us answer your home insurance questions in Shelton, CT. Contact us at Goodman Insurance Inc. with your inquiries regarding home insurance coverage in Connecticut. 

Why Commercial Liability Insurance Is An Asset For Connecticut Business Owners

 Based in Shelton, CT, Goodman Insurance Inc. serves the community by offering residents different types of insurance coverage. We enjoy helping our clients locate the policies they need to protect their assets. We have partnerships with several insurance carriers on the East Coast. 

Why Commercial Liability Insurance Is An Asset

As a Shelton, CT business owner, commercial insurance is an asset that helps you take care of your investment. The policy protects your business’ physical property if it is vandalized or damaged due to a natural disaster. The policy also covers any damage to your equipment as well as the total loss of your inventory due to theft or a natural disaster. However, one of the most important parts of the policy is commercial liability coverage.

Commercial liability insurance covers your business if you are involved in a serious liability dispute. The policy primarily covers your business in the event of a serious injury to your employees or one of your customers. You will be protected if one of your employees is injured in the workplace or if one of your patrons suffers an accidental injury while visiting your business. The policy also protects your business if someone suffers damages due to your business’s defective equipment.

If you use commercial vehicles, you can amend your policy to protect your assets if you or one of your employees are involved in a collision with another vehicle or object. You’ll also be covered if your vehicles are damaged or stolen. If you operate a technology-based business, you can amend your policy to cover you if you are involved in a liability dispute due to slander or copyright allegations.

Goodman Insurance Inc. Will Help You Protect Your Investment

Visit our website to learn more information on commercial insurance.

3 Tips for Buying Life Insurance in Shelton CT

If you want to protect the future of your loved ones, you need life insurance. This policy will make sure that after you’re gone, your family will be financially taken care of for many years to come. If you don’t already have a life insurance policy or are considering buying a new one or upgrading an existing one, read on to learn about three tips to help you get started.

1. Work with a Reputable Agent

Your first step toward acquiring life insurance is to connect with a reputable insurance agent serving Shelton, CT. This agent will ask you a few questions to determine how much coverage you need. From here, he or she can find a few quotes for you to compare. This is a great time to ask questions to make sure you understand the difference in coverage and cost. 

2. Compare Many Quotes

It’s important to compare more than one life insurance quote when looking to purchase a policy. Not only policies in Shelton, CT are the same and although you may get excited about the first quote you get, but there could also still be a better one out there. Your reputable insurance agent at Goodman Insurance Inc. will help you with this. 

3. Bundle Your Policies

It’s highly probable you already have some insurance policies, such as home and auto, two of the more common to have. When you bundle your policies under one carrier, you can save on your premiums. Ask your reputable insurance agent to help you do this. 

To learn more about purchasing a life insurance policy to protect your loved ones, contact the team at Goodman Insurance Inc. Our friendly team of reputable agents are standing by to take your call and help your purchase a new life insurance policy.