Factors To Consider When Getting Life Insurance

Life insurance can be confusing and even a scary subject to some people. Amidst the different types, people often wonder how to go about purchasing life insurance and how to protect their families. Oliver Insurance of Canby, OR wants to make this process as easy as possible for you. Here are some of the things to consider when in the market for life insurance.

Decide The Period You Need Coverage

Life insurance is classified into term and permanent life insurance. If you only require life insurance for a particular period, say till the kids are all grown, or till you finish paying your mortgage, you can consider term life insurance. However, if you need a policy that will last you a lifetime and cover things like burial expenses and replace your income, consider permanent life insurance.

Affordability and Your Budget

Buying an affordable policy is essential for several reasons. For once, you are buying your loved ones financial security for the future. However, that does not mean you deprive them of essential things in the name of maintaining your policy. Present financial security is important as well. When faced with a financial challenge like losing a job, life insurance might be one of those things that face budget cuts. By having an affordable policy, paying those premiums will not strain you in difficult times.

Beneficiaries

When buying life insurance, you have to name a beneficiary. This is the person receiving a payout after your death. Always avoid mentioning minors, as they will not receive the payout directly until they are of legal age. This can lead to tiresome legal proceedings that will frustrate your kids eventually. If possible, find a trusted guardian who will ensure the payout benefits the kids.

If you reside in Canby, OR, and are looking for the right way to protect your loved ones, contact Oliver Insurance. We can help you navigate the world of life insurance, ensuring you have secured the financial security of your loved one.

Commercial Insurance Add-ons to Consider

Whether large or small, no business in Canby, OR is immune to risks like fire, theft, lawsuits, vandalism, and so on. And because businesses operate in a risky environment, that’s why it’s pivotal to invest in commercial insurance. But since only commercial auto insurance and worker’s comp insurance coverages are mandatory in Oregon, does that mean that you should buy only? The answer is no. It would help if you had other commercial insurance add-ons from Oliver Insurance to boost your coverage.

Let’s dive in.

Umbrella insurance

Your business faces many liability risks. May it be advertising injury, property damage, or bodily injury, your business can’t afford to live without a general liability insurance plan. Unfortunately, your business liability insurance can only stretch as far. When faced with significant financial claims, it’s bound to run out, leaving your business exposed.

Fortunately, umbrella insurance picks from where your conventional liability coverage leaves off, lessening your financial burden.

Flood insurance

Where it rains, it can flood. And as you know, floods can cause untold damage to your business’ assets. And the sad bit is that your typical business insurance policy doesn’t cover floods. So, if you live in a flood-risk location, it’s wise to invest in flood insurance to protect your business optimally.

Cyber liability

Are you an online-based business? Do you store sensitive customer data? It would be best to have cyber liability insurance to protect you against cybercrimes that can be costly. This coverage covers costs like legal fees, customer notification costs, public relations expenses, and other related costs.

Commercial property insurance

While this insurance is required in Oregon, it can be the difference between the success and failure of your business when perils strike. Imagine if fire consumed your business premises and everything in it? Wouldn’t that be a massive blow to bear without insurance? Commercial property insurance protects your building and other assets from various risks.

Buy commercial insurance today!

Would you like to boost your commercial insurance in Canby, OR? Don’t hesitate to get in touch with Oliver Insurance. We will advise on add-ons you need to consider for strengthening your business insurance policy.

Why Should I Get Pet Insurance and What Does it Cover?

Pet owners often wonder if they should invest in insurance for their four-legged family members. The professionals at Oliver Insurance serving Canby, OR want to help you make this big decision by sharing some key information about pet insurance.

What is Pet Insurance?

Between exam fees, testing and treatment, veterinary expenses can become extremely expensive, extremely quickly. The average pet owner does not have thousands of dollars of cash on hand to pay out for vet bills. This is where pet insurance becomes valuable. Pet insurance protects you in the event that something unexpected should happen to your pet, such as an accident or an illness. 

What Does Pet Insurance Cover?

Just like most other insurances, what is covered by pet insurance can widely vary from policy to policy. However, most plans cover unexpected injuries, accidents, illnesses, and surgery. They will likely also cover medication, diagnostic testing and emergency care and exam charges. There are generally three different types of pet insurance policies: Accident Only, Accident and Illness and Wellness.

Examine each potential policy to make sure you are getting coverage that will meet your pets needs. Accident and Illness coverage will not cover certain things, such as pre-existing conditions, it also won’t cover routine care and may exclude pets over a certain age.

If you are looking for help with routine care, such as annual check-ups, vaccines, lab work or spaying and neutering, a wellness plan is probably what you’ll need. However, many pet owners decide that they want a combination of coverage for their furry friends so that way they are covered in any contingency.

Contact the team at Oliver Insurance serving Canby, OR today to get all your pet insurance questions answered.

Join Us for the Dog Days of Summer!

Event Details

Client & Community Appreciation Event at Oliver Insurance!
Join us outdoors for a free hot dog and Kona Ice on Wednesday, August 25th from 11:30-1:30.

Our event is AFTER the Fair, and BEFORE school starts, so please come join us!
FOOD – GAMES – RAFFLE PRIZES – FUN 
We appreciate your business & support in the community so this is how we say THANKS! 

Lastly, we will be collecting non-perishable food items to benefit The Canby Center,
as well as gently used sporting gear for Pass it On, Canby!
**In addition to food items, The Canby Center is in need of baby wipes, body wash, Q-Tips & diapers (size 5 & 6)**

Bring the kids, bring a friend, bring the dog! While RSVP is not required, it is kindly appreciated! 
(you automatically get an extra raffle ticket for RSVPing!)
RSVP HERE!  

This summer has been a HOT one, come cool off with your local agents at Oliver Insurance!

___________________________________________

want to learn more about The Canby Center ⇒ Click Here!
want to learn more about Pass it On, Canby! ⇒ Click Here!

Common Myths About Flooding

Experiencing a flood in a home can be devastating, and being prepared with flood insurance can help make the recovery process much more manageable. However, there are many myths about flooding, leaving Canby, OR homeowners wondering if they truly need insurance coverage for flooding. 

Below are some of the most common myths about flooding. After reading this, if you still have questions about flood insurance, give us a call at Oliver Insurance. 

Myth: I do not live in a flood zone, so I don’t need flood insurance. 

Fact: Everyone is actually in some flood zone. There are different categories — indeterminate, low-to-moderate risk, high-risk, and coastal high-risk — all of which can experience flooding.

Myth: My homeowners insurance policy automatically covers me in the event of a flood.

Fact: Standard home insurance policies do not automatically provide coverage for damage and losses from a flood. 

Myth: The cost of flood insurance coverage is too expensive. 

Fact: With different private insurance companies offering flood insurance, the market is very competitive. Because of this, premium and policy customizations are available, which helps lower the cost of coverage. In addition, some insurance carriers also allow for payment plans for flood insurance coverage, making it feel more affordable. 

Myth: FEMA will help provide financial assistance for repairs if I experience a loss due to a flood. 

Fact: FEMA will only provide financial assistance to those who experienced flood loss and damage when there is a state of emergency declared for the event. The assistance received is in the form of a loan, which must be repaid with interest, and those who are approved for assistance are then required to carry flood insurance coverage. 

Though the decision to have flood insurance coverage is up to the homeowner, it is always best to be prepared for any emergency in Canby, OR. If you still have questions about flood insurance, call us today. Our representatives at Oliver Insurance are ready to help answer any insurance questions you have. 

Are There Higher Limits Available for Motorcycle Liability Coverage?

Motorcycle liability insurance provides cover for property damage and bodily injuries. The coverage compensates a third party if the motorcycle driver is at fault in an accident that leads to property damage or physical harm. At least 49 states need riders to have motorcycle liability insurance before they can register their motorcycles.

Motorcycle liability often has three limits denoted as 10/40/15. The first figure represents the bodily injury protection limit for one person. The second figure represents the bodily injury limit for each accident, and the last figure represents the property damage limit. Most liability limits are similar across states, but they also differ in some states.

Higher Limits for Motorcycle Liability Cover

More often than not, the minimum required liability cover for motorcycles isn’t enough to provide full coverage in most accidents. But it is prudent to ensure that you have enough liability that can safeguard your assets. If your negligence as a rider causes an accident, you may get sued for property damage, bodily harm, pain and suffering, and the loss of income. You may lose most of what you own.

You need more liability insurance coverage than the least to protect your assets, motorcycle, savings, investments, home, and family. If your motorcycle insurance provider doesn’t offer a cover that provides enough cover, you can get an umbrella policy that offers blanket liability. You may also get more coverage options to get a higher limit of coverage.

Other Covers to Increase Your Motorcycle Liability Coverage

  • The uninsured/underinsured motorist cover
  • Collision and comprehensive coverage
  • Medical payments (Med-Pay) and personal injury protection (PIP) coverage
  • Add-on options, including Roadside Help, Trip interruption coverage, OEM coverage, more accessories coverage, Carried contents coverage, and Guest passenger liability insurance

Get More Coverage for Your Motorcycle Liability Coverage in Canby, OR.

If you’re feeling underinsured and your motorcycle liability seems insufficient, then it’s time to get more coverage from Oliver Insurance in Canby OR. If you’re in Canby, OR, and you’d like to learn more about Oliver Insurance motorcycle liability coverage, visit the company’s website to get insights.

What does Boater’s Insurance Cover?

When purchasing boater’s insurance you need to ensure the coverage is for your craft, passengers, theft, and liability. Liability towards other people and their crafts should you cause them injury or damage.  

Insurance should pay the insured’s loss of property, medical costs, and wages lost as a result of a boating accident. This insurance should also cover all other costs related to a said boating accident. In addition, you need uninsured boater coverage. This will cover you in the event you are injured by another boater and are injured. It will cover injuries, costs, and lost wages associated with the boating accident. 

Boater insurance is not a requirement in Oregon state. Yet, because of situations that may arise on the water, it comes highly recommended. When you speak to an agent at Oliver Insurance, inquire about a Boater Education Card. This card may allot the boater a 15% discount on their insurance policy. 

When insuring your boat you are not required to name each driver of the boat. Your boaters insurance policy will cover other operators, as long as they are legal boat operators with Oregon state. 

If you live in the Great Northwest and own a boat, check out Oliver Insurance, in Canby, OR. 

Our agents in the Canby, OR area are ready to serve you. Our online support team can aid you with setting up a customer account online. Once you have an account, you will have easy policy access 24/7; where you can view coverage and more. Should you be injured and unable to come to the office, online access will aid you in obtaining policy data. 

Give our qualified agents at Oliver Insurance a call. Our friendly agents help the surrounding areas of Canby, OR get the boater’s insurance needed. Call today, happy boating tomorrow!

How Umbrella Insurance Protects You

When it comes to insurance, you need as much protection as you can get. Many people think that their existing insurance policies give them enough protection, but that is all too often not the case. If you need more liability coverage, contact us at Oliver Insurance in Canby, OR.

Your Home and Auto Policies

Umbrella insurance works along with your home and auto insurance policies. When you have these two policies in place, they each offer a set amount of liability insurance that has a set maximum. It is common for that maximum to be relatively low. When you have a low maximum on your liability coverage, it is likely that it won’t be enough to pay for a serious accident if one should happen. That’s why it’s becoming more and more popular to get umbrella insurance. It adds more liability coverage to those two policies so that you don’t have to go bankrupt after an accident. 

Better Protection

When there is an accident that happens in your home, on your grounds, or in your home, there may be medical bills that you are liable to pay. When you have an umbrella policy, your vehicle or home insurance will pay, but only as much as the policy’s maximum. After that, your umbrella insurance policy starts to pay. It will have a far higher maximum payout, so it will pay much more than your home or auto policy. That keeps you from having to come up with all of that overage by yourself. 

Get Umbrella Protection

If you don’t have adequate liability coverage, you are in a dangerous position should a serious accident occur. To be better protected, call us at Oliver Insurance in Canby, OR to get your umbrella insurance.

Life insurance options

Life is uncertain and unpredictable. As a Canby, OR resident, procuring a spectacular life insurance policy today is a wise move because it helps you be guaranteed that your family and your loved ones will always be safeguarded financially upon your unexpected demise. When you are shopping for salient life insurance, it’s vital to be aware of the available provisions because they vary from one state to another. Purchasing a life insurance policy in Canby, OR provides a sense of security and satisfaction, knowing that your beneficiaries will get assistance to meet their financial mandate when you are gone.

Being a Canby, OR resident, you can acquire life insurance that is instrumental in planning your beneficiaries’ future and fulfilling their promises upon your untimely demise. Do you want to get outstanding life insurance in Canby, OR to shield your family and loved ones against financial hardships after your death? Visit us today at our Oliver Insurance offices and get life insurance of your choice to meet your needs.

Types of life insurance policy options.

Term life insurance coverage: It lasts for a specified duration before its expiry. Upon your death, your beneficiary will get reimbursed the death benefits. The insurance company will pay the diseased beneficiaries promptly.

Whole life insurance coverage: It does not have a specified period of expiry because it can last as long as you can pay your premiums. It incorporates death benefits and a cash value, which is a solidified form of investment.

Universal life insurance coverage: It’s a permanent type of life insurance policy that encompasses a flexible premium payment structure and a guaranteed fixed return.

Variable universal life coverage: It’s similar to universal life insurance because it features flexibility in the premium payments.

Are you a resident of Canby, OR? Contact us or visit our Oliver Insurance offices for more information about life insurance.

Required Commercial Insurance in Oregon

When you own a business in Oregon, there are two types of insurance that most businesses must-have. In addition, there are many other types of insurance policies that many business owners get to have more coverage against everything from disasters to accidents to lawsuits. If you are in Canby, OR, call us at Oliver Insurance to learn more about commercial insurance. 

Workers’ Compensation

Universally known as workers’ comp, this type of insurance is required in Oregon for every employee of an Oregon business. Even if there are only part-time employees, each of them must be covered by workers’ compensation insurance. This coverage ensures that if there is an accident or an illness contracted at the workplace, the medical bills of the employee will be paid. Don’t risk going without this insurance for a moment. It can mean the difference between keeping your business going and 

Commercial Auto Coverage

This type of coverage is only required if the business owns a vehicle. Every vehicle owned by an Oregon business has to have a commercial auto insurance policy on it. There is a mandatory minimum amount of bodily injury liability coverage that you must have for one person injured in an accident and another, higher, the number required for everyone who is injured in an accident. This is a liability, however, so the driver is not included in this type of coverage. There is also a set minimum amount of coverage for property damage liability. In addition, each vehicle must have a set minimum amount for one person injured in an accident with an uninsured motorist and a higher amount for everyone who is injured in this type of accident. There is also an amount of personal injury protection coverage required, and this is what protects the driver. 

Get Your Commercial Insurance

If you own a business and are in Canby, OR, call us at Oliver Insurance to talk about your commercial insurance needs.