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.

How Home Insurance Protects You

If you own a home, it’s essential that you have a home insurance policy on your house for as long as you live there. If you don’t have this type of policy in place, it’s important for you to give us a call at Oliver Insurance in Canby, OR to get started. No homeowner should ever be without this coverage. In many cases, it is required by the mortgage lender that you keep this insurance. But even when it isn’t required, you should have a policy.

The House

With a home policy, there is coverage built in that protects your house against any damages that are caused by covered incidents. These may be weather disasters, accidents, geological problems, etc. As long as it is covered, the damages that it creates to your home will be paid for by the policy. This includes rebuilding the entire house if it is destroyed. When there is serious damage to your home, the price can be incredibly high to get it all repaired. With home insurance, those costs are taken care of.

Your Belongings

Inside your house is likely most, or even all, of what you own. Those items are important, and they often represent a large outlay of money. With your home insurance policy, items that are damaged or ruined can be replaced. If there is a serious incident that ruins many of your belongings, it can be prohibitively expensive to replace them all yourself. With your home policy, you won’t have to. This is a helpful way to protect not just the dwelling but everything that is inside it as well. 

Get Your Home Insurance Policy

If you own a home, you need to have home insurance. To find out more about it, contact us at Oliver Insurance in Canby, OR today. 

Why do Oregon car owners need auto insurance?

Those that are in the Canby, OR area will want to own a vehicle to ensure they can get around the community efficiently. Whenever you are in the process of buying a car, you will also want to evaluate your auto insurance needs. There are a few reasons that the typical car owner here will need to have this insurance coverage. 

Stay in Compliance with Insurance Requirements

A reason that car owners in this state will need to carry insurance is so they can stay in compliance with their requirements. An Oregon car owner is likely to take out a loan when buying a car, which will require the owner to carry a collision and comprehensive plan. Further, vehicle owners and drivers in this state need to have liability insurance whenever they are going to drive their cars. Having an insurance plan will ensure you remain in compliance with these requirements.

Protect Investment and Asset

If you choose to purchase a car, you will be making a big investment and asset purchase. Due to this, you will want to make sure you are protecting and insuring your investment as well as you can. A great way in which this can be done is by getting proper insurance as it will help to ensure your investment in your asset is protected. 

People that are in the Canby, OR area need to ensure that they have proper insurance coverage for their vehicle. If you are assessing your insurance needs in this part of the state, it would be a good idea to call Oliver Insurance. The team with Oliver Insurance will provide you with all of the support that is needed to understand your insurance options and needs. They can then provide the support necessary to build an ideal plan. 

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.