Car insurance is required by law to drive, but why do you really need it? Most people figure it's something they have to do but care little about the benefits of car insurance and its meaning in their lives.
Every day, there are over 17,000 car accidents in the United States, and over forty thousand people die from car crash injuries each year.
Many of those who survive often face significant physical and emotional trauma. Hospital bills and repair costs can cost thousands upon thousands of dollars. Are you able to cover theses cost if it happens to you?
The truth is that no one wants to pay for car insurance, and understanding all of the reasons why you should have it won't make you any more eager to fork over a hundred or more dollars each month. But auto insurance in Lake Charles isn't just something people with enough money should have. Every licensed driver should have car insurance in Lake Charles. This article will take a look at some of the more significant reasons why auto insurance matters.
Everyone is Protected When There's Insurance
After a car accident, drive and passenger safety and recovery are the top priorities. No one wants to stress about a court date and think about how they'll manage to pay their expenses. Car insurance is protection, plain and simple. Every state has required minimum coverage limits that ensure drivers can cover moderate damages in the event of an accident.
The most common minimum car insurance requirements are:
You may not want to pay for each of these different types of coverage, but they all serve a unique purpose that offer a blanket of protection if you're in an accident. Bodily injury liability pays for the other car's injured passengers medical expenses. If only one driver has insurance, uninsured or underinsured motorist coverage kicks in.
Underinsured/uninsured coverage protects drivers and covers expenses for an accident when the at fault driver doesn't have insurance, or their insurance coverage is low, and is insufficient to cover the claim.
PIP coverage is there to provide some financial support regardless of who is at-fault in an accident. This provides a peace of mind and sense of security if you're ever in an accident and require emergency medical care.
Property damage, as the name implies, covers the cost of the other driver's repairs in an accident.
As you can see, most of the car insurance requirements don't pay for you, but the other driver. What does that mean? In the event of an accident, you're relying on the other driver to have insurance that can pay for your expenses if you were not at fault.
If drivers choose not to carry auto insurance in Lake Charles, or they simply can't afford it, they put others' lives and finances at risk every time they get behind the wheel.
Insurance Covers More Than Accidents
Car insurance in Lake Charles can be customized to cover a variety of life events. Many types of supplemental coverage pay for damages and repairs that aren't caused by another driver. Some of the most damaging things that can happen to your car don't even occur on the road!
Take theft and vandalism coverage. If your car is broken into and someone steals your laptop, who pays for it? Most people would just file a police report and figure they're out of luck, but if you have theft protection added onto your car insurance, you'll be able to replace stolen property.
Car insurance policies can also cover weather damage, accidents involving animals, towing and rental vehicles while your car is in the shop after an accident.
Being sure about your business needs is crucial to staying afloat, especially in a competitive world where not everyone can be trusted. Imagine conducting business with someone who promises to perform a service for you. On the day they are to perform said service, they fail to show up.
Imagine hiring a contractor for an expansion that is desperately needed for your business to grow to the next level. Your highly recommended contractor is doing a fabulous job. Everything is on schedule and your Grand Opening of the new wing of your business is planned for the end of the following month. You order food, entertainment, print invitations, and media to cover the opening and 3 weeks before completion, your trusted, high-producing contractor suffers some personnel issues and is unable to maintain the work pace because he no longer has qualified employees. The job, that you already paid for, is shut down. You cannot find a replacement contractor. You cancel your Grand Opening Celebration. How much money would you lose? It could mean a significant loss unless you had protection against losses from obligations not being met. Surety Bonds are an insurance product that covers contractors.
Surety (or Commercial) Bonds are used to protect the obligee (client) in the case of nonperformance. Basically, a Surety Bond, or Commercial Bond insures the hired party will perform or funds will be returned and losses covered.
To put it in bond, Surety Bond, language, a surety protects the obligee against losses if the principal does not meet their obligations. Further definitions to help you understand the language are: the obligee is the hiring party, the principal is the hired person or party, and the surety is the insurance company who guarantees that the obliging contractor can fulfill the obligation.
Let’s put it in first person: The obligee or hiring party is you. The principal or hired person is your contractor. The surety is the insurer.
Kelly Lee Insurance has access to over 50 independent underwriting sources, this means you can find the best value Surety Bonds for your business. Rates on Surety or Commercial Bonds are dependent on several factors including risk, type of business, and the cost of the project or work to be performed.
The business world can be complicated, the business world can be uncertain, however, with the issuance of a Surety Bond your project can find concrete footing in the case of an unforeseen impediment.
Surety Bonds are not applicable to every type of business. Surety Bonds may not be necessary or even obtainable for every situation that involves hiring a contractor to provide a service.
If you would like more information on Surety Bonds or Commercial Bonds in Lake Charles LA, call your local insurance agent Kelly Lee Insurance. They are than willing to have a no-obligation discussion about the protection this type of insurance affords your clients.
If Kelly Lee Insurance is your agent for auto, life, business, and/or home, then you know about the top-notch service their local staff provides on a daily basis. They are ready and willing to help make your business decisions and operations are sure as possible.
On Monday, March 4, 2019, major drugmaker Eli Lilly announced that they would begin selling an authorized generic version of their top-selling insulin, Humalog 100, for half the cost. A vial of Humalog 100 costs $275, while a vial of the generic version, Insulin Lispro, will cost $137.35 per vial.
The company said their new product—which will be offered in both vial and pen options—will be sold through their subsidiary ImClone Systems in pharmacies as soon as possible, according to the company’s statement. Eli Lilly will continue to offer its name-brand insulin to insurers and employers while making its generic version available to patients who pay for the medicine out-of-pocket.
What’s the difference between the two drugs?
A misconception that is common among consumers is that a generic medication is inferior to a brand name medication. In actuality, a generic drug is identical to a name-brand drug in safety, form, dosaage, strength, route of administration, quality, performance characteristics and intended use. In addition, any generic medication approved by the Food and Drug Administration (FDA) must pass the same stringent standards as brand name drugs.
This action is one of the latest by a major drugmaker to offer lower-priced versions of popular drugs. However, Eli Lilly’s announcement is considered by the many Americans to be a step in the right direction when it comes to pricing of medications needed to manage chronic conditions.
Eli Lilly’s generic insulin offering announcement comes almost one week after top drugmaker CEOs were called before the Senate to undergo questioning about the rising costs of drug prices. While there is a long way to go to fix skyrocketing drug prices, this most recent announcement demonstrates a step in the right direction.
Everyone knows you should get life insurance, auto home business insurance. Yet, does anyone actually know why?
Yes, Kelly Lee insurance is there to cover liabilities, acts of God, and other accidental damages that crop up from time to time in life. However, insurance serves a greater long term purpose. Insurance provides financial stability to your budgeting.
By making a life insurance policy the basis of your financial security, you ensure that your family will be covered in the instance of your death. You can then build your savings, investments, and future financial goals upon the knowledge that your family will be covered even if the economy tanks. This allows you to take calculated risks and over time become financially independent as your investments take hold.
The same is true for commercial trailer insurance and business insurance. Business insurance is the backbone upon which you build your company’s future stability. There are several instances which business insurance covers, and we’ll get into them below.
Instance #1: Liability Insurance Policies
Liability insurance is put in place to safeguard your business from the costs of claims filed against your company. Whether an employee or customer sustain a bodily injury on your property, your liability insurance will help you stay safe in the midst of a lawsuit. It will also allow your employee or client to be fairly compensated in the event that the company was at fault. While collecting on this claim could hurt your reputation with the insurance company, the coverage of liability is essential for keeping you in business if an injured party is badly hurt.
There are several liability programs on the market. These include, but are not limited to general liability, professional liability and commercial umbrella insurance. Each has its own policies and addendums to suit the type of industry you operate within and the kind of people you employ.
Instance #2: Employee Insurance Policies
As a piggyback off of liability coverage, businesses can also engage in Workers’ Compensation programs which provide employee benefits for those suffering from work-related injuries and illnesses. These not only help workers get back on their feet after the accident but keeps your business safe if an employee or their family member decides to sue you unjustly. As with life insurance, factors like job safety, claims history and the size of your payroll affect the rates you will receive. However, the higher premiums are likely worth it to ensure that you are covered in the event of an injury.
Instance #3: Property Policies
Property policies aim to protect your properties in the instance of a natural disaster or terrorist action. These events are impossible to predict. While your company should do everything in its power to make sure safety standards are up to code, no one can anticipate a freak tornado coming through and demolishing your infrastructure. In this case, 40% of businesses go under because they do not have proper property protection for acts of God. The world we live in is unpredictable. Your financial security depends on having a policy that protects against the unknown.
It is better to purchase insurance and find out you never needed it than to never have it and soon after discover that you need it.
The protection business insurance offers is not an invitation to be lazy with safety measures. Just like with life and commercial trailer insurance, business insurance is a security for your finances in the instance of the unforeseen and unpredictable. Allow Kelly Lee Insurance to share the options they offer on auto, home, business and commercial insurance so you can find the coverage that best fits you and the company you are building.
Lake Charles remains a close-knit community despite its surging growth. Part of being in community for many involves attending local church services. On a recent Sunday morning, as announcements were made to the congregation of a medium-sized local church, three deaths were mentioned so the faith community could pay respects and offer prayers of comfort.
A 69-year-old gentleman had passed after a brief battle with cancer. A 32-year-old man had succumbed to injuries from an accident and a 92-year-old woman left her earthly life due to natural causes. All very different in stages of life, age, and family status. Yet death came; as it will for all of us.
Death is not something we like to talk about. It reminds us of our humanness and that all of us will face the loss of loved ones and our own mortality someday. Grief is a part of life and experienced by those who suffer the loss of beloved friends and family members.
The widely recognized stages of grief include denial, anger, bargaining, depression, and acceptance. Individuals go through the stages at different paces and degrees of emotion. One of the best things you can do for those you leave behind is purchasing a life insurance policy.
At the very least, a life insurance policy that will cover burial expenses can ease some of the stages of grief that your loved ones will experience. Having life insurance for yourself is a wonderful gift you can leave your loved ones. It is a way to make certain you receive the burial you desired to celebrate your earthly life. Another way you can aid yourself through the grief that you will experience when you lose a loved one is to have the peace of mind in knowing they are properly insured.
Parents of adult children might consider keeping policies on them in the event that they have not planned appropriately. Making certain that your elderly parents have the amount of insurance needed at this stage in their lives is also important to aid the transition that you will experience when they die.
There are many ways to protect the ones you love from financial hardship associated with the loss of your life. Sit down for a frank and informative conversation with a local Lake Charles Kelly Lee insurance agent.
These professionals are long-standing community members who care about their neighbors. They will explain the difference between term-life insurance and permanent life insurance.
Having the patience and understanding to answer your questions about life insurance regardless of what they may be is a customer service feature that not all insurance companies can offer. A no-obligation meeting can be made so you can have insurance explained to you.
Whether you already have life insurance policies in place or this is the first time you will explore what you and your family needs are when it comes to facing the expenses associated with your death, Kelly Lee Insurance agents are confidential, friendly, and willing to guide you through this topic. Make certain your loved ones are provided for when your time comes and lessen their grief, call Kelly Lee today.
Life insurance is for those you love. Life insurance is for those you leave behind. When we think about love, death usually doesn’t enter the picture. Those we love make our life worth living. But, don’t the people you love deserve financial stability should something happen to you?
Life insurance is not the easiest topic to deal with due to two primary reasons: people fear death and people fear things they do not understand. Fear many times causes us to freeze and do nothing.
Whether you fear it or not, death is inevitable. Everyone’s life comes to an end and depending on the age and stage of life you are in, your life insurance needs change.
If you fear information overload, being overly or under insured, and having to read through complicated policies with terms you don’t understand, you can put that fear to rest.
The Lake Charles office of Kelly Lee Insurance has home-town neighbors and peers that understand your fears. They are in business to serve individuals in both Lake Area communities and can write policies throughout the State of Louisiana. They are committed to making things easy to understand when explaining life insurance, or any other type of insurance.
Finding life insurance coverage you need at a price you can afford is another specialty of this independent agency. Being able to utilize at least 50 independent insurance carriers enables Kelly Lee Insurance the ability to find the best fit for your needs and budget.
In the event of your death, you want the one you love, the ones you leave behind, to know they have financial stability during and after one of the most difficult periods of their lives.
If you protect those you love from the addition of financial hardship associated with their loss, their grief can be lessened by this act of love. Finding out the best way to provide for your family in the event of your death is a way to show your loved ones how much you care.
Imagine taking just a few minutes to get a quote on life insurance over the internet by using Kelly Lee’s quick quote option. Designed for those who are in a bit of a hurry and know what they need by way of policy and product. If you are willing to spend a little more time, make a no-hassle, no-pressure appointment where you can have a frank conversation about your life, family, needs, and expectations.
At this no obligation meeting, you will learn the difference between Term Life Insurance and Permanent Life Insurance. You may find out that being overly insured in some areas is costing you money and how being under insured could harm your loved ones when your time comes.
This month, show your love with gifts of flowers, candy, romantic dinners, and possibly, the most meaningful gift of all, life insurance that will provide for those you love when you leave them.
Another year begins and when you run a business or organization that means you are looking at expenses from last year. Accounting for your expenditures last year and getting your tax information together for the year end shows you where your money went and will go in the future. As a business owner or leader, you are constantly planning and strategizing wise spending to keep your business or organization productive and fluid.
Did something happen in your organization or to your business last year that took you a while to recover from? If something were to happen to your building that houses the equipment, inventory, and capital investments, could you replace or repair with the current commercial property insurance policy you hold? Do you have business insurance and a worker’s compensation plan for your Lake Charles business? If something were to happen to your business that is covered by commercial business insurance, do you now you could get back to business as soon as possible because of the coverage you selected?
Regardless of the answers to the above questions, you need to shop the best rate for your commercial business or organization coverage. You want to speak to and get information from a local insurance firm that can cover businesses throughout the state of Louisiana.
Whether a small, medium, or large business owner, you want to be treated with respect and given adequate time and options that allow you to explore the questions about the way your policy for commercial property insurance is written especially if this is the first time you our looking at commercial lines of insurance. If this isn’t your first rodeo and you believe you can get a better rate for adequate coverage to repair and replace your building and contents for a covered loss event, you want the convenience of an electronic quote so you can maintain the rapid pace at which you have to move to keep your business running.
Any business needs commercial property insurance and whether you run a farm, build new structures as a contractor, or have a local mom and pop shop that sells art, shoes, or food, you want to look at commercial business coverage to keep you going in the event of a covered loss. Separate policies for worker’s compensation insurance and commercial property insurance can be obtained as well as business owner policies that combine coverage to allow you to get the best rate.
Locally Kelly Lee Insurance would welcome the opportunity to sit down with you and find out about the business you run or own and shop the best rate for commercial coverage for your business or organization. In a hurry and need a quick quote? Kelly Lee Insurance Firm offers a quick, no-hassle on-line quote.
Able to write insurance policies for all of Louisiana means that your multi-location operation need look no further than the Lake Charles insurance firm Kelly Lee. Commercial Lines of insurance written include Business Auto & Commercial Truck coverage, General Liability Policies, Business Owner Policies, and Worker’s Compensation Coverage. Find the best rate to protect your investment and inventory with a proven, engaged, and service-oriented insurance firm, call Kelly Lee today for a free quote.
As business owners know, proper insurance coverage is vital to continued success. Not only can it cover the business if an accident occurs, but it can also provide the confidence customers expect when using the services a business provides. For many businesses, one of the most important but often overlooked areas of insurance involves commercial trailer insurance. Used by a variety of businesses, this specialized insurance provides protection in a number of areas, including comprehensive and collision, medical payments, liability, and uninsured and underinsured motorists. To learn more about various aspects of this insurance, as well as auto home business insurance, look to Kelly Lee Insurance for the answers your business needs.
Variety of Business Options
Since many businesses use large trucks and trailers during the course of their daily activities, commercial trailer insurance can be beneficial to a number of companies. Whether it is building contractors, trucking companies, dump truck service providers, appliance and electronics businesses, delivery companies, tow truck companies, or other similar businesses, having this type of insurance can offer a level of protection that can be very important. After all, in the event of an accident on the road or at a job site, this insurance can be the determining factor in ensuring the business and all parties involved can have their claims settled quickly and fairly.
Since all businesses are different and therefore have different needs when it comes to insurance, Kelly Lee Insurance can work with each customer to provide customized coverage that will best meet their needs. In helping customers, various aspects of insurance coverage are examined in great detail, such as liability, physical damage, non-owned coverage, personal injury protection, and many other areas. And as an added bonus, once the best types of coverage are selected for a customer, their policy can be easily adjusted to show seasonal changes. Not only will this help keep their rates low, but also help with discounts and claims service as well.
Large and Small Businesses
Whether a business is a simple one-man operation or a larger company with hundreds of employees, Kelly Lee Insurance can provide auto home business insurance to meet the needs of all our clients. Working with more than 50 independent insurance carriers, our agency can compare various types of policies and coverage, then present options based on a client's needs and budget. In doing so, companies can get the coverage they need at prices they can afford, creating a win-win situation for everyone.
24/7 Claims Service
In any business where employees are on the road each day, it is inevitable that at some point an accident will occur, requiring a claim to be filed. When this happens, many insurance companies make submitting a claim difficult with traditional office hours. But for clients of Kelly Lee Insurance, the claims process is made as easy as possible. By partnering with carriers who provide 24/7 claims service, clients can be assured they will receive claims service that is fast and fair.
Since commercial trailer insurance can pertain to pickup truck utility trailers as well as large dump body trailers pulled by tractors, it is crucial to have the right insurance that covers your type of business. Rather than work with an agency that has little understanding of the importance of this specialized insurance, it is best to put your trust in the experts at Kelly Lee Insurance. With years of experience and a strong commitment to customer service, you can be sure your auto, home, and business insurance needs will be met by experienced and knowledgeable industry professionals.
Business Insurance – an Investment in Your Future
Owning a business is a large investment of time, money and the future of your small business could rely on securing the right insurance. There is more to running a small business than daily business transactions, as many new business owners discover only too late.
This realization usually occurs when a sudden natural disaster destroys a small business's equipment, data, office, and furnishings. It may also occur in small businesses that have unrecognized liabilities, such as employee injuries or fatalities.
Be Prepared with Comprehensive Auto, Home, and Business Insurance Plan
To determine the actual cost of loss or liability, small business owners usually need the help of a professional insurance agent.
The logical action to take is to choose an insurance professional with substantial experience in your line of work. Pulling from past client experience, your agent will be familiar with potential problems that may result in costly liability.
Five Tips to Insurance Your Small Business
There are five essential tips to consider when insuring your small business. These include:
1. Identifying potential liability
2. Evaluating actual business property coverage
3. Choosing the most cost-effective workers' compensation policy
4. Ability to add on insurance features that result from changes to business practices
5. Specifying insurance coverage for performance and financial loss
Identifying Potential Liability
During the day to day operation of a small business, the owners may not always see details in areas of their business that may be a source of liability. An experienced insurance agent has the knowledge and skill to pinpoint areas that require insurance coverage.
Evaluating Actual Business Property Coverage
For a small business with a storefront, their real property can be a large part of the value of their daily business operations; it is advisable to allow an insurance agent to evaluate the coverage you will need in the event of loss of use.
Choose the Most Cost-Effective Workers Compensation Policy
Workers compensation for business owners with a staff that has a storefront to conduct business should be discussed and reviewed to ensure coverage is adequate to cover medical, burial and death benefits, as well as lost wages.
Ability to Add-On Insurance Features
Small business owners may need the assurance that a claim of liability filed against the business, owners' home, auto, and business insurance policies are adequate to avert financial disaster.
A small business insurance policy should be flexible enough to allow for add-ons that result from changes to business practices. For example, a business owner expands the reach of his target market of customers requiring him to increase the number of employees.
A small business owner may also need commercial auto insurance should they offer delivery service using company vehicles.
Specify Insurance Coverage for Performance and Financial Loss
Most small business owners endeavor to reach 100 percent customer satisfaction. However, from time to time they may encounter a customer complaint regarding business performance. Professional liability insurance, also known as errors and omission insurance, can cover a professional who makes a living off of their expertise.
There is also the potential for financial loss from non-payment by suppliers and customers. It is important to discuss these possibilities and the types of insurance coverage that provides optimal security and confidence to a business owner.
The "Go To" Insurance Expert
Kelly Lee Insurance TWFG has earned the trust of its small business insurance clients, as well as its property and casualty insurance clients. Kelly Lee Insurance provides Auto, Home, Life, and Business Insurance as part of a broad range of insurance coverage. For more information, contact us today.
It’s the law in Louisiana to have insurance on your vehicle. In some geographic areas, it’s a must in Louisiana to have flood insurance on your home. People don’t bat an eye when it comes to insuring home and automobiles, but the thought of life insurance sometimes brings about questions.
Life insurance is protection and investment for the events that occur in the course or span in individuals’ lives. This type of insurance pays out a sum of money either at the death of the individual or after a set amount of time or term.
There are two primary types of life insurance. These two types are term and permanent. Term life insurance is for a defined or specific amount of time. Permanent life insurance is for your entire life or time of your death.
Premium payments on life insurance, the amount of money you pay to be insured, will be different depending on if you have term or permanent life insurance. Term life insurance premiums are normally lower than permanent life insurance premiums.
Two types of permanent life insurance are whole life insurance and universal life insurance. Whole life insurance premiums are usually set coverage amounts for the entire time you have the policy. Universal life insurance commonly allows you flexibility to change your premium and coverage amounts throughout your lifetime.
A similarity for both types of life insurance involves taxes. Death benefits payable for all types of life insurance are usually income tax free.
When looking at the different types of life insurance it is important to note what is being insured or what the policy benefits would pay for upon the holder’s death. Term Life Insurance replaces or pays income during working years. Universal Life Insurance helps meet the need of wealth transfer, protects your income, and possibly can focus on tax-deferred wealth accumulation. Whole life insurance is designed for wealth transfer, preservation, and tax-deferred wealth accumulation.
Wealth transfer is how your assets, that can include wills, estate planning, and trusts, are paid to or transferred to your beneficiaries in a tax efficient way. Tax-deferred wealth accumulation can allow lower tax rates while earning a higher investment rate. These permanent life insurance categories and/or plans are usually lower risk when speaking in relation to traditional investments.
The premiums paid for these plans will depend on risk-related categories. Those categories include things like your family medical history, lifestyle choices (like whether you use tobacco products), and your overall health. The higher the risks, the higher the premiums.
Educating yourself about life insurance is not a difficult thing to do in the Lake Area. The reason it isn’t a difficult thing to do is because there are local companies like Kelly Lee Insurance TWFG Insurance Service were their policy is caring. That means they will sit down and explain what the different type of life insurance policies can do for your children, spouse, parents, or older siblings whose future you want to secure when the time of your death comes.
Just about anyone who earns income owes it to their loved ones and themselves to consider having a conversation for a complimentary quote on premiums. For all types of life insurance with the coverage you need at a price you can afford, Kelly Lee Insurance has access to over 50 independent insurance carriers.