Types of Life Insurance – All You Need To Know

Posted on by admin

You probably do not want to think about life insurance. However, we all have loved ones and never know what can happen. Therefore, we want to ensure that the people we love are financially secure and protected if something happens to us. For this reason, it is worth getting life insurance that provides proper financial protection. 

If you are currently shopping for life insurance, you should know about its two main types:

What Are The Types of Life Insurance?

Here are the two main types of life insurance to choose from:

  • Term life insurance- This type of life insurance is valid for a limited amount of time. Term lengths are different but are not longer than 30 years. Every time the term period ends, you can renew the policy. However, every renewal usually increases the premium.
  • Permanent life insurance- This life insurance type lasts your lifetime, meaning that it does not expire. However, you should know that permanent life insurance is always more expensive than term life insurance. In addition, this type often includes a cash value component.

Foresee General Insurance Agency Inc. – Serving Clients in Harrison, AR

If you live in Harrison, AR, or any other nearby town, and you are shopping for life insurance, do not look any further and contact Foresee General Insurance Agency Inc. Our experienced and knowledgeable agents will help you choose the best insurance policy based on your preferences and insurance needs. They will answer all the questions you may have. You are welcome to check out the website or give us a call at any time. 

Three mistakes to avoid when you buy auto insurance in Arkansas

Posted on by admin

Getting auto insurance is important for vehicle owners driving on roads in Harrison, AR. When looking for a policy, consider the auto insurance coverage offered by Foresee General Insurance Agency Inc. to meet your insurance needs.

Unfortunately, consumers sometimes make auto insurance mistakes that lead to negative consequences down the road. The following are three mistakes to avoid when you buy auto insurance in Arkansas. 

Being unaware of minimum coverage requirements in Arkansas

In Arkansas, there are specific liability coverage requirements in effect. Motorists need to meet these minimum coverage requirements at least.

In Arkansas, motorists are required to carry $25,000 in bodily injury coverage per person per accident and $25,000 in property damage coverage. 

Purchasing only liability coverage

Law only requires you to carry liability coverage on your Arkansas auto insurance policy. However, that doesn’t mean you shouldn’t carry other types of coverage. 

If you want to make sure that your auto insurance policy adequately protects your vehicle’s value, you should add comprehensive and collision coverage to your insurance policy. 

Buying a policy before you compare quotes

Getting quotes on auto insurance policies is crucial to becoming aware of all available options. The auto insurance policy you choose is important and can impact your future finances.

That’s why you need to carefully evaluate a few different quotes. Evaluate quotes not only based on their cost but also the amount of coverage that they will provide you with. 

We can provide you with a quote on an Arkansas auto insurance policy at Foresee General Insurance Agency Inc. Call us today to learn about the auto insurance offers we provide to consumers in Harrison, AR. 

Why Entrepreneurs Need to Consider Startup Costs Like Insurance

Posted on by admin

Starting a small business is a dream come true for many people. You get to be your own boss, can enjoy the fruits of your labor, and can build the company as you see fit. Starting a business comes with risks, and considering the total costs, including commercial insurance, is essential.

Starting or running a business near Harrison, AR? Contact Foresee General Insurance Agency Inc.

Starting a Business Comes With Risks

The Bureau of Labor Statistics reports that roughly one in five new small businesses will fail within the first year or so. Nearly half will close shop within about five years. For better or worse, starting a small business comes with many risks.

Often, business owners must shoulder most of those risks. For example, this may mean providing the funding to pay for staff and equipment. The entrepreneur may be on the hook for the sunk costs if the business fails.

Besides being pushed out of the market by competition, businesses face many other challenges. For example, what happens if a criminal breaks in and steals or vandalizes equipment? What if a customer slips on a floor, gets injured, then demands that the business pay damages? Or what if a significant storm produces tornadoes that then cause extensive damage?

Without insurance, the entrepreneur may be on the hook for all of the above (among other things). Commercial insurance policies, however, will protect businesses from many things. It’s crucial to read the fine print of specific insurance plans, but some plans will cover theft, fire, severe weather, burst water pipes, and more.

Fortunately, entrepreneurs who live in or near Harrison, AR can contact Foresee General Insurance Agency Inc. to learn more about commercial insurance options.

Why Online Companies Need Commercial Insurance

Posted on by admin

Commercial insurance isn’t just for brick-and-mortar business locations, and it’s also necessary for online businesses too. Proper commercial insurance protection can help you avoid risks and pitfalls that can set you back or put you out of business. Let the experts at Foresee General Insurance Agency Inc., serving Harrison, AR, assist you with the selection process and maintaining your ideal coverage. 

Commercial Insurance

Commercial insurance is essential for business owners who want to ensure their stability, security, and peace of mind. This type of coverage can include the following:

  • Liability coverage
  • Inventory
  • Lawsuits
  • Defective products 
  • Theft
  • Injuries

Getting the proper coverage for an online business is particularly important. There are unique risks and considerations for the method of business operation. Insurance protection designed to cover those risks is necessary for peace of mind. 

If you own and operate an online business, you can speak with one of our highly skilled agents to get the insight and support you need to choose the right policy for your particular needs. Our team of insurance experts can work closely with you to determine what you need to insure. 

Contact Us Today

The residents of Harrison, AR need reliable insurance products they can trust. Foresee General Insurance Agency Inc. is dedicated to providing dependable insurance products designed to suit your needs and protect the things that matter. Call or stop by the office today to speak to one of our knowledgeable agents or learn more about our range of products and services. Be sure to get the online business protection you need. Reach out today to get started and secure adequate protection to prevent losses. 

What is the benefit of getting home insurance in Arizona?

Posted on by admin

The Harrison, AR area has been an excellent place for people to own a home. If you are a property owner here, you will want to get insurance for your home. There are various benefits that people in this part of the state will receive when they obtain the proper insurance to protect their assets. 

Cover Dwelling and Personal Assets

One of the reasons why people will want to have a home insurance plan is that it can help to protect and cover your dwelling and personal assets. Suppose there is ever a fire, vandalism, theft, or another situation covered by your plan. In that case, it will give the financial support needed to repair or replace your property and personal belongings up to the policy limits. 

Ensure Compliance

It is also a good idea to have home insurance to comply with any of your obligations. If you purchase a home, there is a good chance that you will also need a loan. Along with the loan, you will sign documents requiring that you keep your home insurance at all times. If you do get home insurance, it can help ensure you are adequately covered.  

People living in the Harrison, AR area will find it a great place to live. As you are looking for a place to live and buy a home, you should talk to someone you can trust about your insurance needs. The Foresee General Insurance Agency Inc. professionals can offer the help you need to build a proper home insurance plan. Foresee General Insurance Agency Inc. takes a customized approach to understand your options and building an ideal policy that will meet your needs. 

Add these features to your Arkansas auto insurance policy

Posted on by admin

Residents in Harrison, AR, and the surrounding area can count on the team at Foresee General Insurance Agency Inc. for all of their auto insurance needs. Call or stop by our office today to find out more.

Add these features to your auto policy.

There are a lot of great features that are now available with common auto insurance policies. If you want to maximize the benefits of your new auto policy, consider adding one or all of these great features:

  • Declining premium – your premium will decrease every year you go without an accident or claim. There are even some carriers that offer zero-payment policies with this feature. A declining premium is a must-have for all of the safe drivers out there!
  • Car rental coverage – no one wants to be without transportation, which is true when your car is in the shop after an accident. Check out this feature that can prevent you from having to come out of pocket for car rental expenses. 
  • Roadside assistance – if you are ever caught on the side of the road because of a breakdown or accident, you’ll want to have roadside assistance ready to go. When you add this feature to your policy, you can rest assured that you’ll receive prompt service from providers approved by your insurance carrier. 

These are just a few of the many worthwhile features that are available with your auto insurance policy. Why not find out more about these excellent services and others that are available?

Give us a call today!

Foresee General Insurance Agency Inc. is here to help the greater Harrison, AR community with all of its insurance needs. If you have questions about auto insurance, give us a call today.

Do You Need Commercial Insurance for Your Online Business?

Posted on by admin

You may wonder if you need commercial insurance if you have an online business. It depends on the type of business you have and the risks involved. If you’re opening an online business in Harrison, AR, Foresee General Insurance Agency Inc. has some things to consider when making your decision.

What is commercial insurance?

Commercial insurance is a category of insurance that helps protect businesses from losses due to accidents, theft, property damage, and other potential risks. This type of insurance can help cover the costs of repairs, replacements, and legal fees if your business is sued. Commercial insurance can also help protect your employees from injuries or illnesses that occur while they are working.

There are many types of commercial insurance, including property insurance, liability insurance, workers’ compensation, and product liability insurance. Property insurance covers the buildings and contents of a business, while liability insurance protects against legal claims for injuries or damages. Workers’ compensation benefits employees injured on the job, and product liability insurance protects against lawsuits for injuries or damages caused by a company’s products.

Do you need business insurance for an online store?

You may need business insurance to protect yourself from liability if you have an online store. Business insurance can help cover damages if you are sued for copyright infringement or if one of your products hurts someone. It can also help pay for legal fees if you are sued.

Foresee General Insurance Agency Inc. in Harrison, AR, offers commercial insurance for online businesses. We have a wide range of options to choose from, and our experienced team can help you find the right coverage for your business. Contact us today to learn more about our services.

Five Myths About Home Insurance Debunked

Posted on by admin

Home insurance is one of those things that most of us know we need, but few of us understand. For something so important, there is a lot of misinformation out there. This blog post will dispel some of the most common myths about home insurance. Keep reading to learn the truth about this important policy.

Myth #1: Home Insurance Is Too Expensive

This is one of the most common myths about home insurance. In reality, the cost of a home insurance policy is very reasonable, especially when you consider the peace of mind and protection it provides. Never let the price of a policy be the sole deciding factor when choosing insurance for your home.

Myth #2: Home Insurance Only Covers the Structure of Your Home

Another common misconception about home insurance is that it only provides coverage for the physical structure of your home. In reality, most home insurance policies also provide coverage for your personal belongings and liability protection if someone is injured on your property.

Myth #3: Home Insurance Is Not Necessary if You Have an Older Home

Many people mistakenly believe that home insurance is only necessary for newer homes. However, this could not be further from the truth. No matter how old your home is, it is always a good idea to have adequate coverage in case of an unexpected disaster. Remember, your home is likely your most valuable asset, so it is important to protect it accordingly.

Myth #4: Home Insurance Is Not Necessary if You Live in a Safe Neighborhood

Just because you live in a safe neighborhood does not mean that you do not need home insurance. While it is true that your risk of a break-in or other crime may be lower if you live in a safe neighborhood, there is always the possibility of an unexpected disaster, such as a fire or severe weather event. Home insurance can help protect you from financial loss in these situations.

Myth #5: Home Insurance Covers Everything

Home insurance policies typically have exclusions and limits on the coverage they provide. Be sure to ask your agent about coverage limits so you can be sure your policy will provide adequate protection for your needs.

Get Home Insurance in Harrison, AR

Now that you know the truth about some of the most common myths about home insurance, it is time to get started on finding the right policy for your needs. Foresee General Insurance Agency Inc can help. Contact us today to find the perfect policy for your needs.

Why basic auto insurance may not be the right choice for you

Posted on by admin

Most states have basic auto insurance requirements that you must meet to drive your vehicle, and Arkansas is no exception. At Foresee General Insurance Agency Inc. in Harrison, AR, we understand the temptation to carry the bare minimum auto insurance, but we also understand the risks, and we can share our experience with our customers to help them to make the right choice for them. 

In Arkansas, basic auto insurance is strictly liability coverage. The required amount is 25/50/25. This provides $25,000 for one person injured in an accident and a total of $50,000 for two or more people injured. It also allows for $25,000 for damaged property. While this is adequate coverage, it may not be enough to protect you in a severe accident. 

If you have a car loan or you are leasing your vehicle, you will not be able to get away with just having basic auto insurance. You need protection for the car as well. 

If like many people, you don’t live somewhere that has excellent public transportation, you require your vehicle to get around for the daily activities of life. If that vehicle was unavailable to you because it had been damaged in an accident where you were responsible or a hit and run, would you be able to pay for the repairs to get it back on the road? If your auto was damaged by flooding or another weather-related event, or if it was stolen, would you be able to replace it easily? If your answer is no, this is one excellent reason to carry more than just basic auto insurance. 

Contact Foresee General Insurance Agency Inc. in Harrison, AR for all your auto insurance needs. We will answer all your questions and provide a free quote as well. 

Get Covered: The Benefits Of Umbrella Insurance

Posted on by admin

Umbrella insurance provides additional coverage if you exceed the limits of your primary insurance policy. The policy comes in handy to protect your assets and financial future in case of a worst-case scenario. It typically covers professional expenses, legal costs, or loss of income if you are ever sued for something covered by your primary insurance policy, such as car accidents or home accidents. For guidance in Harrison, AR, consult Foresee General Insurance Agency Inc. 

How Does Umbrella Insurance Work 

Umbrella insurance is a supplemental policy that works as a safety net for your current insurance plan. It provides an added layer of protection against high-risk scenarios and can be purchased as a stand-alone policy or added to another policy, such as car insurance. The insurance can help you cover the costs of repairing or replacing your car if it is damaged in an accident where another driver was at fault, pay for medical expenses if you are in a car accident and injured, or cover legal fees if you are sued for something related to your car. 

An umbrella policy can also help protect you from liability if you are hosting a social gathering at your home and a guest is injured due to negligence, such as serving alcohol to an underage guest. It can protect in case of a significant accident or unforeseen event. 

  • What it covers: Umbrella policies typically cover expenses above a certain threshold, such as $1 million.
  • Who it’s best for: People with a standard insurance policy who want additional protection. 
  • What to consider: Umbrella policies can be quite expensive, so you need to decide if the potential benefit is worth the cost.

Umbrella insurance is there to pick up the pieces when your primary insurance policy falls short. For example, you may have a liability limit on your car insurance, but what happens if you cause an accident that injures someone and their medical bills exceed that amount? Umbrella insurance can help cover those expenses up to a specified amount. Umbrella insurance is there for you when you need a little extra protection. 

Final Remarks 

Most policies have a limit of up to a few million dollars, which may not be enough to cover the value of your home or your assets. An umbrella policy can fill in the gaps and help protect you from financial loss if you are sued for something your other insurance policies don’t cover. Call Foresee General Insurance Agency Inc. for consultation in Harrison, AR.