Thinking about basic auto insurance? Why it might not be the right choice?

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When you are a driver in the great state of Georgia, you must carry at least basic auto insurance on your vehicle. The amount of insurance that is considered basic in Georgia is liability coverage in the amount of 25/50/25. That is $25,000 for one person in an accident, $50,000 for all injuries, and $25,000 for property damage. At Wichalonis Insurance Agency in Cumming, GA, we make sure that all of our customers have the right amount of auto insurance for their particular needs.

If you are leasing a vehicle or have an auto loan, basic auto insurance will not be enough. It doesn’t protect the vehicle, and you will need that. You will need to have collision and comprehensive coverage. This will protect the vehicle from an accident or another hazard that can damage it.

If you are like most people, you use your vehicle every day. It is a necessity to go about your daily activities. Being without a vehicle would be a serious inconvenience. If you have basic auto coverage and your car is damaged in an accident where you are responsible, you need to pay for repairs. If you have the available cash or credit to replace your vehicle, then maybe you don’t need anything beyond basic auto insurance, but if you will have difficulty coming up with the cash, then having auto insurance beyond basic will provide the money to repair or replace your vehicle.

If you have comprehensive insurance, you can pay to replace your windshield if it gets cracked or chipped. The cost of replacing a windshield on your own can be quite high, and it is worth considering having this coverage.

Contact our office at Wichalonis Insurance Agency in Cumming, GA when you have questions about auto insurance or any other type of insurance.

Why do small business owners need life insurance?

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Setting up a small business requires the entrepreneur to think about various things. One that may slip their mind is the need for life insurance. Even though it’s not usually a primary thought, it must be taken care of. Wichalonis Insurance Agency understands the unique needs of Cumming, GA, small business owners and is ready to help them find the coverage they need.

Life insurance for small businesses benefits the company and their loved ones. When a small business owner passes away, the business is often left in a state of uncertainty. Their immediate family members need to be able to grieve, so jumping in to run the business might not be possible.

Business and Family Benefits

Life insurance for a small business owner can include benefits for the business. This can help to cover ongoing expenses, such as employee salaries and debt payments, for the immediate period.

In a business with multiple owners, the policy benefits may be used by the co-owners to buy out the deceased individual’s share of the business so the family members have immediate financial backing without having to take over the business. The presence of a life insurance policy can ease the transition of ownership.

For those left behind, having a life insurance policy in place can help to relieve some of the financial burden. It can cover immediate and final expenses and may last for a longer period.

Setting up life insurance policies for small business owners needs to consider the business and the family’s needs. At Wichalonis Insurance Agency, we understand the challenges and needs of local business owners. Contact us to learn more about life insurance and why it’s vital for all Cumming, GA, small business owners.

Why is it important to read your home insurance policy?

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Understanding Your Home Insurance Policy: A Necessity, Not an Option

Many people are often overwhelmed by the length of their home insurance policy and end up failing to read it. This can result in significant challenges when filing a claim. At Wichalonis Insurance Agency in Cumming, GA, we are independent insurance agents who believe in offering our customers the personalized attention they deserve.

Analyzing Your Coverage

The declaration page, usually the first page of your home insurance policy, outlines your coverage. Check your home’s replacement cost, your content coverage, liability coverage, and loss-of-use insurance.

Ensure your liability coverage is adequate. If your income and net worth have increased, or if you’ve added a dog, a trampoline, or a pool to your home, you likely need to raise your home policy’s liability coverage.

Evaluate Your Coverage Amounts

If you’ve made significant renovations or additions to your home, your coverage amount may need to increase. Examine your content coverage for any limitations. If you own more jewelry, antiques, artwork, or electronics than your policy covers, consider adding a rider for additional coverage.

Inspect Your Deductibles

Your policy includes a deductible, which applies to most coverages, and is charged for every claim, not just once per year. While increasing the deductible may reduce your premium, remember that this amount is an out-of-pocket expense.

Review Your Exclusions

Examine the exclusions listed in your policy. You may want to add coverage for incidents like floods, earth movements, and sewer backups.

Please feel free to call the Wichalonis Insurance Agency in Georgia if you have any questions about home insurance coverage. We are always here to help you understand your policy and determine your exact needs.

Renting? Here’s Why You Need Insurance to Cover Your Assets

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While renting a home or apartment, the importance of insurance might not be instantly evident. At Wichalonis Insurance Agency, serving the community in and around Cumming, GA, we understand that securing your assets might not be your primary concern. However, renter’s insurance protects your belongings and ensures peace of mind.

Safeguard Your Belongings

While the landlord’s insurance covers the building itself, it does not extend to your personal property. Imagine bearing the financial burden if your belongings were damaged or stolen. That’s where renter’s insurance comes into play, covering these losses and ensuring you’re not left footing the bill.

Liability Coverage

Accidents are unpredictable, and you could be held responsible if someone gets injured on your rental property. Renter’s insurance typically includes liability coverage, shielding you from potential lawsuits and covering any medical expenses if necessary. This facet of the policy can save you from significant financial hardship.

Additional Living Expenses

Should a disaster render your rental property uninhabitable, where would you stay? Renter’s insurance often covers additional living expenses, such as hotel bills and meal costs, while your home is undergoing repairs. Such support can prove invaluable during stressful periods.

Affordable Peace of Mind

Many renters assume that insurance comes with hefty costs but is generally quite affordable. The small monthly premium is a worthwhile investment for the coverage and peace of mind provided. At Wichalonis Insurance Agency, we are here to tailor a policy that aligns with your needs and budget.

Get In Touch With Us Today

Ready to protect your belongings and ensure peace of mind? Contact Wichalonis Insurance Agency, serving the Cumming, GA area, today to explore our renter’s insurance options.

How Does Motorhome Insurance Cover My Personal Property?

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Motorhome Insurance – Balancing Auto and Home Coverage

Motorhome insurance combines elements of auto and home insurance. While Georgia law mandates motorhome owners to insure their vehicles in line with standard motor vehicle policies, the coverage for interiors and personal property remains optional. Nevertheless, the team at Wichalonis Insurance Agency, serving Cumming, GA, can assist you in navigating these nuances and identifying the right coverage to suit your specific needs.

Mirroring Auto Insurance Policies

Several aspects of motorhome coverage parallel auto insurance policies. In Georgia, motorhomes, much like automobiles, must be insured for a minimum of $25,000 in bodily injury for one person, $50,000 per accident, and $25,000 in property damage per accident. A standard coverage often includes underinsured motorist protection. Other optional coverages akin to auto insurance may encompass:

  • Collision: This covers damage to your vehicle.
  • Comprehensive: This covers losses incurred from incidents like vandalism, hail, and other non-collision-related scenarios.
  • Roadside Assistance: As motorhomes often exceed size limits for regular auto towing packages, adding this coverage can save you from shouldering out-of-pocket expenses when you need a tow.

Motorhome Insurance Mimicking Home Insurance

A motorhome is essentially a mobile home equipped with personal and household items. Therefore, it needs coverage akin to home insurance. Typically, motorhome insurance policies offer a certain degree of personal property coverage. However, the estimated value of items like clothing, satellite dishes, appliances, and computers usually surpass basic personal property limits. Hence, it’s recommended that this coverage be extended.

You may also want to explore other options, such as vacation liability, total loss replacement, and emergency expense coverage. Consulting with your insurance agent can help you find the right mix of coverages to suit your needs.

Paving the Way with Wichalonis Insurance Agency

Navigating the realm of motorhome insurance requires making numerous choices – a task where consulting with a trusted insurance agent can be hugely beneficial. The team at Wichalonis Insurance Agency, committed to serving Cumming, GA, promises to tailor your motorhome and other insurance coverages to fit your unique needs. Contact us today at 678-947-4533 to schedule an appointment.

What’s Covered by a Comprehensive RV Insurance Policy

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The average cost of an RV lies between $20,000 and $100,000. However, you might need to spend as much as $2 million for a luxury model. In order to safeguard such a significant investment, you need not only the minimum insurance required by law but also comprehensive coverage.

What Does Comprehensive RV Insurance Cover?

Comprehensive RV insurance protects against a wide range of incidents. Compensation is provided if your RV is vandalized or stolen. Additionally, coverage is extended to weather-related incidents and collisions with animals. Importantly, the cost of repair or even replacement of your RV is covered if it gets damaged in an accident, irrespective of who was at fault. Despite these advantages, comprehensive insurance does not cover roadside assistance, loss of personal items in your RV, or emergency costs. It also doesn’t provide the minimum liability and bodily injury coverage required by law in most states.

Residents of Cumming, GA should also note that the terms and conditions of comprehensive RV insurance policies differ based on the insurance provider. Moreover, the deductible you choose will influence your compensation if an unfortunate incident occurs. A high deductible will reduce your premium cost. However, if something happens to your RV, you’ll have to bear a higher out-of-pocket expenditure.

Reach Out to Wichalonis Insurance Agency for RV Insurance

Wichalonis Insurance Agency in Cumming, GA collaborates with reputable insurance carriers, including Progressive, Openly, Nationwide, Travelers, Grange, and Encompass. We offer various policy options for RVs of all brands and models. Furthermore, we provide customized assistance to ensure every customer selects the policy that best suits their requirements and budget. Contact us to learn more about RV insurance or to request a policy quote.

Do Sole Proprietors Need Commercial Insurance?

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To most businesses, the question of whether or not to purchase a commercial insurance policy is a no-brainer. However, some business owners fall outside of the traditional business structures of their peers, who are more commonly looking into commercial insurance. Take, for example, sole proprietors. Sole proprietors are, aptly named, sole business owners and operators with no distinction between their personal assets and their business assets. Do sole proprietors in Cumming, GA need commercial insurance? Here’s the advice that we have to offer if you’re a sole proprietor looking into business coverage. 

Should a Sole Proprietor Get Commercial Insurance? Most Likely

The appeal of being a sole proprietor is that it often entails much less legwork to get the business up and running. However, without a business structure to ensure you’re not liable for damages or other issues, separate business accounts to defend your income, and other safeguards, sole proprietors like yourself also carry a great deal of risk. A good commercial insurance policy, whether it’s business insurance or commercial auto insurance, can help you defend your assets and protect you against various lawsuits or damages that you would otherwise have to face head-on without anything to fall back on. Even if you have decided that sole proprietorship is the best course of action for you at this point in time, going a little further and buying a commercial insurance policy will likely pay off in the future. 

Need Help? Get Started With Wichalonis Insurance Agency

Our agents at Wichalonis Insurance Agency in Cumming, GA are here to answer all of your questions and help you compare quotes. Finding the right commercial insurance policy can be challenging, but you’re not alone! Contact us today to begin your journey and secure a perfect policy for your business activities.

Four Questions To Ask When Getting Watercraft Insurance

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Your boat is made for fun, but sometimes accidents happen. Boats need boat insurance to protect them from financial liability if a covered event occurs. At Wichalonis Insurance Agency, servicing Cumming, GA, we help our customers find the right insurance for their needs. If you own a boat, your boat insurance can help you have fun without worrying about financial liability. Below are some important questions to ask when trying to buy watercraft insurance. 

1. Will personal property on the boat be covered?

If you’re using personal property on your boat – whether it’s a life vest or a laptop computer – it’s important to ensure that your insurance policy covers personal property. Find out what your watercraft insurance policy covers and what the limits are.  

2. Is my boat covered by my homeowner’s insurance policy?

Some homeowner insurance policies will allow a small amount for a boat while it is on the property. However, this is rarely enough to cover the actual value of the boat and will often not cover if the boat is off the property or in use when the event occurs. 

3. What will the monthly premium be?

Of course, it’s important to know how much you’ll pay for your boat insurance so you can fit it into your budget. Your insurance agent can shop around with various carriers to help you find one that works for you. 

4. Will the policy pay for the agreed value or for the actual cash value of the boat? 

The agreed value of the boat and the actual cash value of the boat may be very different. If your policy is paying for the boat’s actual cash value, this may not be enough to replace the boat in the event of a loss. Your agent at Wichalonis Insurance Agency, servicing Cumming, GA, can help you find a policy that offers the right level of protection. Call today. 

The Umbrella for That Little Extra Coverage

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Insurance for things like our homes and vehicles is often the first line of defense against catastrophic consequences and our buffer from devastating costs. When it comes to insurance, people who know, know. That is also why folks from in and around the Cumming, GA area turn to the friendly and professional team at the Wichalonis Insurance Agency for all their insurance needs. Including umbrella insurance for that little extra protection.

Get A Little More Under the Umbrella

In most typical cases, a standard home insurance or auto insurance policy, for example, offers enough coverage to handle the normal concerns. Basic coverage will generally suffice from that fender-bender in the parking lot to minor roof or siding damage caused by that last storm. 

The problem with accidents, storms, and the unexpected, however, is that you never know when those damages or costs are going to exceed your coverage limits. And unfortunately, events like accidents don’t follow scripts, averages, or expectations.

The good news is, with the addition of an umbrella insurance plan, you can be covered when accidents and costs go off script or fall outside the norms, as they often do. That is also why extra umbrella insurance must be obtained.

For All Your Coverage Needs

Does your home insurance cover all the what-ifs? Are there gaps or holes in your auto insurance coverage? If you live in or around the Cumming, GA area and have questions about your coverage and insurance plans, our experienced and professional team at the Wichalonis Insurance Agency can help. Contact us to learn more and get that little extra coverage you need and deserve under the umbrella today.

Can I Lose My Condo if I Don’t Have Insurance?

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The Importance of Condo Insurance in Cumming, GA

Buying a condo, much like purchasing a house, necessitates obtaining and maintaining insurance coverage. This coverage protects your unit and covers unforeseen incidents. However, what happens if your Cumming, GA condo insurance lapses or if you fail to secure coverage altogether? Can you potentially lose your condo without insurance coverage? This brief guide has you covered.

The Consequences of Failing to Secure Condo Insurance

Mortgage companies often require home and condo owners to secure insurance coverage for their units. Although this is beneficial to them, it also serves your interests. Should your condo or personal belongings suffer damage, become destroyed, or are vandalized, or should you face legal action due to injuries incurred on your property, insurance coverage protects you. If you lack condo insurance, you may face significant financial burdens when covering damages.

So, while not having condo insurance won’t necessarily result in losing your condo, significant damages could render your unit uninhabitable. If this occurs and you have no insurance or financial means to cover costly repairs, you may need to seek alternative housing. If you seek reliable insurance coverage in the Cumming, GA area, consider Wichalonis Insurance Agency. Offering honesty, quality service, and comprehensive coverage, Wichalonis Insurance Agency can assist with your insurance needs. Contact us for a quote today.