How Should I Pick Between Whole and Term Life?

There are many important insurance decisions that the averange consumer will have to make. One of the the most important forms of insurance that someone can get could be a life insurance policy. When you are looking for life insurance, the two most common options are term and whole life insurance. There are several factors to consider when trying to pick between the two options. 

Consider Coverage and Budget

One factor to think about when you are trying to get life insurance is the amount of coverage that you need and your monthly budget for premium payments. With a term life insurance policy, you will normally get a lot more of insurance coverage for a smaller monthly payment than whole life. However, once the term of the policy is over, all of those premiums will be lost.

Investment Opportunity

When shopping for life insurance, you should also think about this form of insurance as a possible investment opportunity. Whole life insurance is unique because you can make money on your premium payments. Over time, as you continue to make the monthly payments, the value of your policy will grow. You can then eventually liquidate the policy as a personal asset. This makes it a good option for those that want a conservative investment with a guaranteed return. 

Choosing the right life insurance policy to cover your needs is very important. Since it can be hard choosing between a home and life insurance policy, those that are in the West Hartford, CT area should call StateChoice to learn more about all of their options. StateChoice has a team of experienced insurance professionals that can help those all over Connecticut get into a life insurance policy that gives great coverage and peace of mind. 

3 Tips for Buying Recreational Toy Insurance in West Hartford, CT

Whether it’s winter snowmobiling outside West Hartford, CT or driving your boat on one of the state’s many lakes, it’s important to have recreational toy insurance just in case something happens. An accident that causes either property damage, bodily injury, or both, can leave your bank account empty if you don’t have the proper policy. To learn more about how to find the right policy at a price you can afford, read on to discover these three tips to help you get started.

1. Work with a Reputable Agent

Insurance agents are trained professionals who make it their job to find you the perfect recreational toy insurance policy. They answer all of your questions and concerns and help you pinpoint your needs and your budget. Utilizing an insurance agent will help you secure the right policy in a stress-free way.

2. Compare Several Quotes

Once you’ve found a reputable insurance agent, it’s time to compare several quotes. Insurance companies offer different coverage at different prices, so you’ll want to be sure to look at a few quotes in fine detail before making a decision.

3. Bundle Your Policies

A great way to save money on your recreational toy insurance in West Hartford, CT is to bundle all your other insurance policies together under one insurance company. This loyalty will be rewarded with a discount on your insurance premiums.

Are you ready to purchase a new recreational toy insurance policy or update an old one? If so, contact the team at SateChoice. Our reputable agents will guide you through the insurance maze with ease. Call StateChoice today.

The Most Common Boating Hazards

Boating around the West Hartford, CT area is an exciting way to spend your free time, but it’s also an activity with hazards. StateChoice wants our boating enthusiasts to enjoy the great outdoors safely. We hope going over these common boating hazards will help you consider the importance of safety precautions and boat insurance before you next hit the waves. 

Reckless Operation

So many accidents are caused by operators who don’t practice mindful vessel manipulation. Actions such as weaving a vessel through congested waters, wake jumping, and harassing wildlife greatly put yourself, your passengers, and the boat itself in danger. In addition, failure to maintain proper speeds, riding on the bow, and allowing yourself to be distracted can all result in falling overboard or running aground. 

Poor Maintenance

Don’t allow eagerness to let you overlook the condition of your vessel. Lack of awareness of hazards such as fuel leaks, overloaded weight, and excessive water accumulation poses a risk. Failure to stock proper safety equipment such as flotation devices, navigation lights, and fire extinguishers can make a bad accident worse.

Boating Under the Influence (BUI)

It is illegal to boat under the influence of alcohol and drugs in Connecticut. Intoxication causes impaired judgment, lack of balance, worsened vision, and slower reactions. All of these factors lead to severe accidents, many of which result in fatalities throughout the year. 

Even the safest operator on the water can end up in an accident. Whether you’re liable for an accident or the victim of someone else’s negligence, the cost of damages in a boating accident can be sky-high. StateChoice encourages all boaters in the West Hartford, CT region to consider contacting us today to discuss your boat insurance needs!

Motorcycle Insurance Facts for New Riders

As a new motorcyclist, you’re responsible for the care and protection of your new motorcycle. By researching your options for motorcycle insurance, you’ll have a better idea of what kind of coverage to obtain to protect you and your bike on the road. At StateChoice in West Hartford, CT, we offer motorcycle insurance coverage to suit any lifestyle. As a new rider, here are some motorcycle insurance facts you should know before hitting the road.

Liability Coverage

In Connecticut, you are required to have motorcycle liability insurance protection to cover the cost of injuries or property damage to others in accidents you cause. Every state has its minimum requirements and Connecticut is no exception. As a new rider, however, you may want more than the minimum coverage to protect you against serious accidents. Insufficient coverage could result in you having to pay for excessive accidental injuries out-of-pocket.

Collision Coverage

Although collision coverage isn’t required, it can save you a substantial amount of money if your bike is damaged in an accident. Collision helps pay for your bike’s repairs. If you own an expensive motorcycle or have financed your bike, collision protection is a must to protect your valuable investment.

Comprehensive Coverage

Comprehensive insurance protects your bike against theft and vandalism as well as damage caused by adverse weather on the road. A sudden hailstorm can cause extensive damage to a motorcycle on the open road. With comprehensive insurance, you’re protected against wind, rain, hail and other weather incidents you may run up against during your travels.

When selecting motorcycle insurance, consider how your riding habits, the cost of your bike and your riding skills (or lack thereof) along with your budget. Working with an experienced StateChoice agent from West Hartford, CT will make it easier to choose the right coverage at the right price.  

What New Couples Need to Know About Life Insurance

While you are in the midst of wedding planning excitement, you are probably not thinking about life insurance. New couples who are about to get married, or who have recently gotten married, should take some time to consider this important life decision and how marriage will affect it. The friendly staff at StateChoice are here to help you during this time make great insurance decisions. We are now serving West Hartford, CT, and surrounding areas. 

Life Insurance As a Married Couple

When you get married your life insurance needs will change. If you maintained a life insurance policy as a single person, you would have set up the coverages for this policy based on your current financial situation and obligations. Upon marriage, those obligations will change drastically. This means that your life insurance needs will change drastically as well. It is imperative for you and your spouse to discuss the life insurance expectation should one of you pass away. 

Married Couples Often Get Discounts

Even if you are happy with your current life insurance policy, it does not hurt to shop around a bit to find out if you can get a better policy and a better deal now that you are married. Insurance companies often offer discounts to married couples. 

Keep In Mind the Big Picture

When purchasing life insurance there is more to consider than simply funeral costs in the event that you die. You are now responsible for a spouse and possibly children. You will want to discuss with a trained insurance specialist exactly what kind of coverage you will need to make sure your family is well provided for. If you would like to learn more about life insurance, please call us at StateChoice, now serving West Hartford, CT and surrounding areas. 

Do Family-Owned Businesses Need Workers Compensation Insurance?

There are a lot of myths and misinformation floating around about workers compensation and workers compensation insurance. As such, you may not always understand when you are required to purchase a policy and when you are not. If you have a family-owned business, you may wonder if you need workers compensation insurance. At StateChoice, serving the greater West Hartford, CT. area, we want to help you understand the answer to this question. 

Are You Required to Buy Workers Compensation Insurance for a Family-Owned Business? 

In the state of Connecticut, you are required to buy workers compensation insurance if you have one or more employee who works for you. This employee can be your child, a niece or nephew, your own sibling, or the employee maybe someone who has no blood ties to you. If you employ one or more individuals, workers compensation insurance is required by law. 

When Are You Not Required to Buy Workers Compensation Insurance for a Family-Owned Business? 

The only time that you are not required to purchase workers compensation for a family-owned business is when all of those who are working for the company own all or part of the business. For example, if you and your spouse own the business, and you are the only two who work in the business, you do not need workers compensation insurance. Likewise, if you and all of your adult children own the business together, and you are the only ones who work in the business, no workers compensation insurance is needed. 

Are you looking to purchase workers compensation for your business? Here at StateChoice, serving the West Hartford, CT. area, we can answer any questions you may have about workers compensation and help you find the right policy and coverages for your needs. Call us now to get started. 

 

Does Commercial Insurance Cover Injury Due to Negligence?

Your business is important and making sure that your commercial business is covered and well taken care of is a must. Commercial insurance covers a range of different things and employee injury and patron injury is one of them. For those that live in the West Hartford, CT area, the agents with StateChoice can help you to get the right policy for your needs.

For the most part, your commercial insurance is only going to cover injury that is accidental. If you have a dangerous situation and you do not rectify it and someone gets hurt, that injury is your fault and therefore you are going to be required to pay for any associated expenses. If someone if injured in your business and it is not your fault, you are not going to have to worry about paying as your commercial policy will help to cover those costs. If it is found that someone was injured on your property as a result of negligence on your part, that individual can then sue you for damages.

If you have an unsafe workplace and you want to make sure that you are not going to be at fault for any sort of issues, you should take the time to make sure that you are keeping your workspace safe for all your employees and for your patrons as well. Injury as a result of negligence on the part of the business owner can also be a cause for a criminal case, especially if you knew that the work place was not safe and you did nothing to rectify it. For those that live in the West Hartford, CT area, the agents with StateChoice can help you find the policy that is going to protect you and your patrons and employees.

Weather and water damage covered by homeowners insurance

Weather and water are two of the many things that can cause severe damage to your home. While some water events are caused by weather, others are not. When you own a home, it is one of your major investments and protecting it in the event of a water or weather event is important. Weather can be an issue in all parts of the country, in Connecticut rain, snow and hail make life exciting and can be damaging to your home. The expert agents at StateChoice in West Hartford, CT are ready, willing and able to help you to navigate the treacherous waters of home insurance coverage. 

Weather

A basic home insurance policy will cover your home from damage caused by wind and rain but not by flooding caused by rain. Frozen rain in the form of ice or hail is also covered. Freezing rain or snow on your roof can cause a backup that results in water coming into your home and damaging your roof and ceilings. Your personal property may not be covered which is why it is important to talk to an agent about the specifics of your policy.  

Water

Water takes many forms, it can be rain but it can also come from a broken pipe, frozen pipes can be an issue in the cold weather or sewer backup that can happen due to a variety of different events.  Both of these types of water damage are covered with homeowners insurance. 

Residents of the greater West Hartford, CT area can get the help they are looking for with their homeowner insurance needs at StateChoice insurance. Why not give their office a call or stop by for a no-obligation quote. They have the information you need to make sure you have the necessary weather and water coverage. 

 

I’m 26 Now How Will My Auto Insurance Policy Be Affected

By the age of 26, you should’ve been enjoying lower insurance rates for about a year. Automobile insurance rates decrease when a driver who has been driving for a few years reaches the age of 25. As stated, this is only true if you are an experienced driver. If you are a new 26-year-old driver then the department of motor vehicles still allows time for incremental improvement. That means that as you drive more you’ll become more experienced and eventually your insurance premiums will decrease. When you are a new driver your liability is higher due to your inexperience, as A result, your insurance premium will be higher as well. 

Not every driver starts off as a teen driver.  When you acquire your driver’s license when you are a teen, in the state of Connecticut you must be at least 16 years of age, there are programs in place to slowly acclimate the driver to his driving responsibility. Teenagers must have a chaperone and have curfew guidelines in order to become safer drivers. Some motorists begin their tenure when they are somewhat older.  The 26-year-old driver who is new has the same restrictions once they receive a permit. Generally speaking, after three years of licensure you are considered an experienced driver. 

StateChoice is located at 40 South St., West Hartford, CT 06110. We’d love for you to come in and speak with us about all of your insurance needs. In addition to auto insurance, we specialize in home insurance, commercial insurance, workers compensation insurance, life insurance, and recreational insurance. Call us today at 860-232-1234. We are knowledgeable about the insurance laws and statutes in our beautiful state of Connecticut and we want to share the information with our clients.

3 Things You Should Know about Recreational Toy Insurance

For those who are yet unfamiliar, recreational toy insurance is a lesser known type of insurance that offers a variety of benefits. That said, the following is an overview of 3 things you should know about recreational toy insurance.

Recreational Toy Insurance Covers a Variety of Unique Vehicles

No matter what type of vehicle you may own, most require insurance. Luckily, recreational toy insurance covers the following types of vehicles:

  • Motorcycles
  • All-Terrain Vehicles
  • Motor homes
  • Campers and Trailers
  • Golf Carts
  • Classic Cars
  • Personal watercraft (such as Jet Skis)
  • Dune Buggies
  • Various boats and watercraft

Liability Coverage

Even vehicles as small as golf carts can cause a massive amount of damages under the wrong circumstanced. Luckily, by purchasing a recreational toy policy, you can make sure your vehicle is covered no matter what type of accident you may be involved in.

Comprehensive Coverage

Last but not least, comprehensive coverage covers your vehicle against damages that occur that are not accident related. For instance, your vehicle could become damaged as the result of a fire, vandalism, theft, extreme weather, and much more. However, by securing the proper recreational toy insurance policy, you will also be covered against these issues.

Overall, dor residents of West Hartford, CT, StateChoice is an excellent choice for purchasing a recreational toy insurance policy.  Simply give them a call, drop them an email, or stop by their West Hartford, CT  office today. Their team of well-trained professional will be more than happy to help you explore your coverage options and secure your policy immediately. Contact StateChoice today to start your policy and hopefully save some money in the process.