Miller Insurance Associates, Inc

Miller Insurance Associates, Inc. is a complete multi-line insurance agency. Which means that we are able to offer coverage for Automobile, Homeowner’s, Renter’s, Farm, Umbrella, Business, Motorcycle, Watercrafts, Health & Life, Specialty Lines as well as Senior Products. We are also an independent insurance agency which gives us the ability to provide many different markets.

Understanding the Different Types of Small Business Insurance

As a small business owner, you want to protect your commercial investment just like you protect your home or car. The main difference is your business is much more complex and requires more types of insurance to ensure that it is fully protected. It is important to talk to your agent to find out what types of insurance you have and what supplemental policies you may need to fill in any leftover gaps.

Following are a few different types of insurance that your small business may require.

1. Property Insurance

Property insurance protects property that is owned by your business. It will also protect another person’s property if it is damaged while it is on your business premises. Burglaries, theft, vandalism, and weather damage are all covered under this type of policy. Property insurance protects the structures of the business as well as your inventory. It will even cover what is referred to as employee dishonesty. In simple terms, it means damages caused by an employee stealing or taking part in other types of unethical behavior.

2. General and Professional Liability

General liability covers any injury a person receives while on your property. Professional liability will cover any damages to someone else’s property that is caused by a mistake on the part of one of your employees or a product defect. You are liable, even if the injury was unintentional. Personal or bodily injury is one of the most common forms of liability. Slip and falls, tripping, or objects falling from shelves can all result in a personal injury claim.

3. Workers’ Compensation, Health, and Life Policies

Workers’ compensation, health, and life insurance policies do not fall into any other insurance categories. While some people may try to recognize a workers’ compensation as a gap policy, it is in its own category.  Group health and life insurance policies are dealt with in the same manner. Employees have a choice as to whether they want to purchase them. However, the rates are lower for group insurance policies.

4. Supplemental or Gap Policies

Supplemental or gap insurance covers all of the other types of damages to which your business may be susceptible. This includes umbrella coverage, fleet insurance, business interruption, floods, earthquakes, and hurricane insurance. In today’s tech-savvy world, data breach or cyberattack insurance is also a must.

Though there are many different types of gap policies, the most common ones are those that cover floods, earthquakes, and hurricanes. Gap policies cover risk factors that do not affect everyone. Businesses that are located inland will rarely experience hurricanes. Businesses located along the coast, on the other hand, will readily purchase hurricane insurance to protect themselves against loss in the event of a storm that comes to shore.

These are a few different types of insurance coverage that you must consider in order to protect your small business. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We look forward to helping you with all your coverage needs.

4 Things to Consider While Renewing Your Car Insurance

Renewing your car insurance doesn’t have to take a lot of your time. You can complete the task in just a few minutes if you have the information you need and are ready to get started. Keeping your car properly insured is the best way to protect yourself from financial loss. It only takes a few minutes of your time to save yourself a lot of money. Talk to your insurance agent if you have any questions.

Here are 4 things to consider while renewing your car insurance.

1. Compare Your Policy to Others

It’s always a good idea to compare your policy to what other carriers are offering. Ask your agent to provide information on policies from multiple carriers. Review your policy with your agent and find out what they can do to give you the best value for the best coverage. This way the agent can guide you to select the insurance coverage that suits your needs and budget.

2. Know When Your Current Policy Expires

Know what your policy contains and when it expires. If you plan on buying another policy from a different insurance company, you will need to know when your current policy is going to expire. You don’t want to have a lapse in your coverage. When you buy your new policy, make sure it is in place the day before or the day that your current policy is set to expire. You will want to let your current insurance company know that you have a new policy in place, so they don’t charge you to auto-renew your old one.

3. Review Your Coverage and Adjust If Needed

Before you buy a new policy, go over your old one thoroughly to make sure it is accurate and up to date. A recent marriage, graduation, divorce, or other life-changing events may have a direct impact on your policy. Take a few minutes to go over it carefully and make notes about any possible changes that will be needed when purchasing another policy.

4. Know Your Budget

Know your budget and how much you have a month to continue to spend on auto insurance. Keep in mind how much you are currently paying and use that as your starting point. If you’ve made a few adjustments, that may drop or raise your policy depending on what adjustments were made. Go over your policy carefully and be aware of any discounts you may be eligible for.

Steps to Renew Your Car Insurance Coverage

Policies can be renewed online, while cancellation requires a phone call to your insurance agent. Here’s how you can renew your car insurance coverage.

  1. Check when your renewal is due.
  2. Review your bill to check for a possible change in rates (maybe because of loyalty discount or claim-free discount).
  3. Ask your agent about new discounts.
  4. Compare customized quotes from other providers.
  5. Proceed with online renewal or sign up for a new policy.
  6. Cancel your old policy, in person or online, if need be.

It won’t take you long to renew your auto insurance policy if you go into the process fully prepared. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need.

How Can I Get a Life Insurance Policy with No Medical Exam?

Buying a life insurance policy can be overwhelming. Many people don’t even consider buying a life insurance policy because they are afraid they won’t pass the medical exam. Contrary to what many people may have heard, there are life insurance policies available that do not require a medical exam. They are somewhat more expensive and may not provide a higher payout, but they are available for individuals who are willing to look for them.

Medical Exam or No Medical Exam?

People who are in good health will usually have no problem passing a medical exam for a life insurance policy. Others, however, may be worried that they will not pass. During a medical exam for a life insurance policy, the doctor will look for any existing or potential health concerns that may mean a shorter lifespan. They may also include information about your family history as well. Even if nothing major is currently wrong with you, the potential risk of devastating illness may impact what the doctor says about your exam.

Discuss the Different Types of Policies

Many policies do not require you to have a medical exam prior to purchase. Simple term life policies are set up for a pre-determined amount of time and the payout will not change. Universal policies that can build up cash value may also be available without a medical exam. It’s important to understand that, in most cases, you can buy different types of policies without an exam. The major difference is how much it will cost you and the trade-offs that are included. Higher premiums and reduced payouts for the first few years are common downsides to any policy that doesn’t require a medical exam.

Types of No-Exam Life Insurance

  1. Simplified Issue Term Life Insurance- It has a set term length with no cash value component.
  2. Simplified Issue Universal Life Insurance-It offers fixed cost and death benefits throughout the policy’s life.
  3. Level Death Benefit Whole Life Insurance-It is a permanent form of life insurance with fixed costs and death benefits.
  4. Guaranteed Issue Life Insurance-It is a “no questions asked” policy and is usually purchased by people with medical problems or advanced age.
  5. Graded Benefit Whole Life Insurance-It offers lifetime coverage but at higher costs, and the death benefit is reduced for the first 2 years.
  6. Rapid Decision Senior Whole Life Insurance-It is often issued in less than a week, hence the name “rapid decision.”

Start Early If You Can

The earlier you consider buying your life insurance policy, the less likely you are to have health issues. In many cases, a young man or woman in their 20’s may not be required to submit to a medical exam if they are in good health when they first apply. Starting early has two primary benefits. First, the younger you are the better your health. Secondly, your monthly premiums will be much lower than if you purchase your life insurance when you are much older. Set your goals and purchase your first policy now. You can adjust it as needed later.

Be Willing to Pay a Little More

The older you are when you buy your insurance, the more you will have to pay monthly premiums. Almost any type of insurance policy can be purchased without a medical exam if you are willing to pay the higher cost for your monthly premiums. Some insurance companies will allow you to purchase a life insurance policy without a medical exam if you are willing to make a few concessions. First, would be the higher premiums, and second, you may be required to take a reduced payout for the first two to five years.

Having trouble understanding your life insurance and why you may need a medical exam?  Contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need.  

Refinancing Your Mortgage: When You Should Consider It

Your mortgage is a valuable financial tool. Understanding why you should consider refinancing your mortgage will make it easier for you to figure out how you should refinance it. Taking a few minutes to go over the benefits will give you an idea of what you will gain from refinancing your mortgage.

Reduce Your Payments

One of the primary reasons behind refinancing a mortgage is lowering the payments you make every month. Extending the life of your loan or getting a lower interest rate will decrease your monthly payments. Although the length of your loan may be extended, lower payments will allow you to pay more than the minimum monthly payment and apply that extra towards the loan principal. Reducing the amount of your monthly payments can also free up money each month to pay off other debts.

Make the Most of Your Equity

Your home’s equity can be extremely useful when it comes to paying off other types of debt. By refinancing your mortgage, you can access the equity in your home and use it for various purposes. You can access as much of your equity as you need to accomplish your financial goals. The more equity you have in your home, the more you can borrow. Many people borrow against their home’s equity to remodel or improve their home, raising its overall value.

Shorten the Life of Your Loan

For some people, refinancing your mortgage may be a way to shorten the life of your loan. If your original mortgage was a 30-year loan, refinancing could give you the option to shorten the life of your mortgage to 10 or 15 years. The interest rate may be somewhat higher, but your loan will be paid off much sooner, and less money will be spent on interest over the life of the loan. Shortening the life of your loan will also allow the equity in your home to build much faster.

Change Your Interest Rate from Adjustable to Fixed

If your first mortgage had an adjustable-rate mortgage, the rate could change over time. Interest rates go up and down with the stock market and can fluctuate frequently. Refinancing your mortgage can allow you to change your adjustable interest rate to a fixed interest rate that doesn’t change over the course of your loan. Having a fixed interest rate ensures that your payment doesn’t fluctuate, and you can keep better track of your budget.

There are many benefits associated with refinancing your mortgage. Knowing how and why you should refinance your loan is essential if you are trying to make sound financial decisions. Do you have additional questions about refinancing your mortgage?  If so, then contact the experts at Miller Carlisle Insurance Services.  Our dedicated team is eager to assist you with all your coverage needs today.

Get a Renters Insurance Quote: Compare and Save!

Renters insurance protects your possessions in your apartment just like a homeowners policy protects your home. It offers liability coverage in case someone is injured while visiting your home. It is also designed to provide you compensation if your personal property is damaged or stolen. It’s important to remember that not all insurance companies are the same, and neither are their policies. Comparing prices, policies, and companies is the best way to find the perfect policy for your needs.

Price

Different companies offer renters insurance at different prices. While the policies may seem the same, some companies may charge additional administration fees. The cost of the premium may vary depending on what you have included in your policy as well. Ask your agent if your premiums are cheaper if you pay for a full year upfront, rather than making monthly payments. While the price is a huge factor for many, it isn’t the only thing you should consider. Most potential buyers look at price first and then research the company. No matter what area you start with, it’s essential that you take all of the information you receive into consideration.

Reputation

When searching for any type of insurance, you need to learn as much about the company as possible. Do they pay claims on time? Are they easy to reach if you have questions? Do they make any changes promptly? Their reputation for customer service is a good indicator of how they will treat you when you file a claim. The bigger a company is, the more visible it is. However, that doesn’t always mean they have the best reputation for coverage or customer service.

Discounts

While there are fewer discounts for renters insurance than homeowners insurance, you may be able to uncover one or two. Adding a security system and cameras is one way that you can prevent your home from being broken into or vandalized. Living in a secured apartment building may also garner you a small discount. Discounts may be offered if you choose to bundle your renters and vehicle insurance. However, not all discounts save you money. A good example is a professionally monitored home security system. You could spend more on the security system than what you save with the discount, depending on your personal choice.

Coverage and Exclusions

When looking for renters insurance, make sure you find out what is covered and what exclusions are written into the policy. This is important so that you fully understand what you are paying for. If you don’t know what a phrase means, ask your agent and have them explain it in detail for you. Water damage is one area where there may be confusion about coverage and exclusions.

Finding the right renters insurance is essential. Comparing prices, insurance companies, and individual policies will help you determine which policy will best suit your needs and budget. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need.

5 Tips to Lower Your Homeowners Insurance Cost

Home insurance rates can be quite costly if you don’t compare rates and policies. If you want to get the lowest home insurance premiums possible, you need to find the right policy for your home and family. There are several things you can do to lower your premiums and keep your house sufficiently covered. Talking to your insurance agent regularly is the first step.

Here are 5 tips to help you lower your homeowners insurance cost.

  1. Do A Little Comparison Shopping

When you buy a home, your lender may recommend a specific insurance company. However, it is up to you to choose the insurance carrier and policy you think will be the best for your needs. Talk to your current agent to find out what they have to offer. If you don’t like what you hear, keep looking. Getting quotes from two or three insurance providers will give you a good idea of what type of coverage is available for what you are willing to pay.

  • Ask About Discounts

Most insurance companies offer a variety of discounts to homeowners to help reduce premium costs. Simply performing a few upgrades to your home can make you eligible for certain discounts. Putting up a privacy fence, installing a home security system, or adding exterior lighting in your landscaping are all ways you can reduce your risk of liability or loss. Once you have completed any new improvement, contact your insurance agent to determine if there are discounts you may be eligible for. Bundling your home and auto insurance is another way to lower your home insurance costs.

  • Review Your Policy Every Year

Things can change from year to year and could affect your homeowners insurance. You might make a few home improvements or add on another room. Review your homeowners insurance with your agent every year or two so that you know you have all of the coverage you need and that you are taking advantage of every discount for which you are eligible. Review your deductibles as well. Talk to your insurance to ensure that any of your items that need additional coverage are protected as well.

  • Raise Your Deductible and Lower Your Premiums

Raising your deductibles will also lower your home insurance premiums. When you first purchase your policy, you can choose a lower deductible to make your premiums much higher. If you raise your deductible, the reverse happens. Higher deductibles will lower your monthly premiums and make them more manageable. The only time you will really notice that your deductible has been raised is if you file a claim. Many people find the monthly savings to be worth having a higher deductible. It is essential not to choose one that is too high or will cause undue hardship should you need to file a claim sometime in the future.

  • Find Out if You Need Flood Insurance

Homeowners insurance normally does not cover floods. If you live in a flood plain, it’s important that you look into flood insurance. Talk to your agent and find out how much it will cost to include flood insurance with your homeowners policy. This will allow you to include it in your budget and get the coverage in place.

Lowering your homeowners insurance premiums can be a challenge. However, with a little bit of research, you can often find a few options to help bring down the costs. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need.

Will My Home Insurance Cover Pipe Bursts?

Specific types of water damage are covered under most homeowners insurance but that doesn’t always include burst pipes. Some policies will cover water damage that is caused by burst water pipes if the cause is deemed an act of God. A burst pipe that is caused by faulty plumbing or a malfunctioning appliance can pose a unique situation where only part of the damages will be covered. In these cases, usually, the cost of repairing the pipes will be your responsibility to cover. If it is determined that the burst was caused by normal wear and tear, you may be responsible for the entire amount.

HO-2 vs HO-3 Policies

An HO-2 policy offers broad but very basic coverage that will cover most types of damage. This includes the damage from burst water pipes, with a few exceptions. An HO-3 policy goes a step further and will cover any type of water damage that isn’t listed as an exclusion. Common exclusions include flooding, sewer back-ups, and foundation leaks. Water damage that leads to black mold is also considered an exclusion and may not be covered.

Certain Perils May Not Be Covered

When it comes to water damage, it is up to the homeowner to prove that the damage was caused by an unpredictable event and not basic wear and tear. If plumbing is more than a few years old, the insurance company may deny your claim based on the fact that the damages were caused by normal wear and tear. When the water damage is allowed to remain in place and black mold begins to form, the insurance company can also deny the claim if you have an HO-2 policy.

Partial Coverage

There are situations in which at least part of the water damage may be covered. When a burst pipe claim is approved, the insurance may cover the actual water damage but will deny the part of the claim requesting compensation for repairing the pipes themselves. All policies are somewhat different in how they are written. Some policies may cover specific perils or incidents, while others won’t. This applies to exclusions as well. It is important to understand your policy’s details to know what types of partial coverage are included.

Ask for a Policy Review

Many people do not know all the details of what their insurance does and does not cover. If you fall into that category, call your insurance company, and ask for a review of your homeowners policy. Your agent will go over what is covered and what is not so that you have a full understanding of everything that is included in your policy. You will also be able to ask any questions you may have about whether or not your policy is sufficient to meet your needs.

Don’t wait until you have a pipe burst to find out if you have the right type of homeowners insurance coverage. Take the time to review your policy and ask whatever questions you need to to feel secure that you have enough coverage. After a review, you may choose to upgrade your policy to ensure you have the type of coverage you want. For assistance with all your insurance needs and questions, contact the experts at Miller Carlisle Insurance Services in Carlisle, PA. We will help you get the right coverage you need.