5 Things You Need to Know About Boat Insurance

If you’re a boat owner, then you know that there’s nothing quite like spending a day out on the open water. Whether you’re fishing, sailing, or just enjoying the scenery, being on your boat is an enjoyable experience. However, accidents can happen even when you’re being careful. That’s why it’s important to have boat insurance. Consult with Spring Grove Insurance in Spring Grove, IL for expert insurance advice.

Here are five things you need to know about boat insurance:

1. It Covers More Than Just Your Boat

Boat insurance doesn’t just cover your boat. It also covers any damage that your boat may cause to other boats or property. In addition, it can provide liability coverage in the event that someone is injured while on your boat. In addition, many policies also cover personal belongings that are on your boat.

2. There Are Different Types of Policies

There are different types of boat insurance coverage available. The type of coverage you need depends on the type of boat you have and how you use it. For example, if you use your boat for racing, you’ll need a different policy than someone who uses their boat for leisurely cruising.

3. You Can Buy Additional Coverage

In addition to the coverage that is included in your policy, you can also purchase additional coverage. This can include things like towing and labor coverage, as well as fuel spill coverage. You can also purchase coverage for items that are not covered by your regular policy, such as fishing equipment.

4. There Is a Difference Between Agreed Value and Actual Cash Value

When you’re shopping for boat insurance, you’ll see that there are two different types of coverage available: agreed value and actual cash value. Agreed value means that in the event of a total loss, you will receive the full value of your boat. Actual cash value means that you will receive the depreciated value of your boat.

5. Your Homeowners Insurance May Cover Your Boat

In some cases, your homeowners’ insurance policy may cover your boat. However, it’s important to check with your insurer to see if this is the case. Some insurers will only cover certain types of boats, and others may have limits on the amount of coverage they will provide.

Get Boat Insurance in Spring Grove, IL

Now that you know more about boat insurance, it’s time to get your own policy. Spring Grove Insurance offers comprehensive boat insurance policies that will give you the coverage you need. Contact us today to get a quote.

Does Umbrella Insurance Cover Me If I’m Sued?

The threat of getting sued in America is real. According to reliable statistics, an estimated 20 million civil cases are filed in the US annually. Tort cases such as slip and fall, injury resulting from negligence, and wrongful death suits make up 11% of these civil cases. Many people in Spring Grove, IL and beyond get umbrella insurance hoping that it will cover them if they get sued. So, does it?

Umbrella Insurance Covers You in Lawsuits

One of the primary objectives of umbrella insurance is to provide coverage to the policyholder against lawsuits. The coverage will pay for your legal fees, court fees, and settlement. This means that you won’t have to spend any money from your pocket to pay your attorney. Additionally, if the court orders you to pay a settlement to the complainant for injury or property damage, you won’t have to use your money; your umbrella coverage will pay it. This is why at Spring Grove Insurance, we always advise our customers to get umbrella insurance.

What Else Does Umbrella Insurance Cover?

  • Liability that exceeds your regular insurance coverage policy limits: Umbrella insurance will cover liability that exceeds the policy limits of your homeowners, renters, auto, and boat insurance. For instance, if you have a homeowners policy with a $300,000 maximum payout limit and one day you host a party in your home, and one of the visitors drowns, you might have a wrongful death liability of 1 million dollars. Your homeowner’s policy will only pay $300,000, but your umbrella insurance will save by paying the $700,000 balance.
  • Liability outside of your regular coverage: If you have a renters or homeowners policy, it will cover injuries caused by your pet in your home. However, you are covered by these policies if your pet injures someone when you are walking it on the road. Umbrella insurance will cover this liability. 

Give Us A Call

Do you want umbrella insurance in Spring Grove, IL? Call Spring Grove Insurance today.

Do I Need Life Insurance If I Am Child-Free?

For many parents, getting life insurance is a no-brainer. However, if you are childless, you may be tempted to forgo it. Does it make financial sense to insure yourself? What if you have a spouse? If you have no dependents, who will take on the burden of your final expenses? For the greater Spring Grove, IL area residents, Spring Grove Insurance is here to help answer those questions and more.

Why should I have a life insurance policy if I’m not married with kids?

If you’re a single person without children, you may not think that you need life insurance. However, you should not ignore the importance of life insurance as a means of protecting your other loved ones in the event of an untimely death. Without a policy, your spouse, parents, or even business partners could be left with your debts. Even a small policy can help pay for the funeral expenses.

Many insurance companies offer life insurance policies targeted at young adults. These policies can be cheaper than those meant for older adults with families to protect. Later on, if you get married or decide to have children, you may be able to adjust your policy to include more beneficiaries. If you are dedicated to remaining child-free, your life insurance can be designated to benefit other qualified persons.

Who can be my beneficiary if I don’t have a spouse or children?

A beneficiary can be anyone who has an "insurable interest in the life of the insured". These persons would suffer a significant financial loss in the event of your death. For example, close relatives such as your parents, grandparents, or siblings can be designated beneficiaries because they might be the ones who take on your final expenses and debts. Unrelated persons may also be designated, such as business partners or best friend. In the end, it is up to the insurance company to determine whether your proposed beneficiaries have an appropriate insurable interest.

If you are a resident of the greater Spring Grove, IL community who wants to explore more about life insurance, please reach out to Spring Grove Insurance today!

Things you should always carry with you in your vehicle

Most people count on their vehicles to do the activities of daily living. For many people, this means driving to work. It may be heading to the grocery store, taking your children to school, or running errands. Having the right auto insurance means you and your vehicle are both protected. As independent insurance agents at Spring Grove Insurance in Spring Grove, IL, we have a lot to offer our customers as far as service and choices go. We have access to more insurance carriers than captive agents. 

Things to carry in your glove box

Your glove box allows you to carry quite a few things that can be very useful. Have a pen; you never know when you need to sign something. Be sure to have a tool that can cut your seatbelt and break your auto window if you are in an accident and end up trapped in your car. A small flashlight can be very helpful. An extra cord to charge your cell phone. We all know there is no such thing as too many charger cords.

Things to have in your trunk

You should have a spare tire and a jack in your trunk. A car charger like a Halo is excellent if your battery won’t turn over. A can of Fix A Flat to repair a flat tire. Flares are good to have if you are pulled over on the side of the road. It’s always wise to have a blanket, a hoodie, snacks and water in your trunk. 

Documents to carry

You should always have your driver’s license, vehicle registration, and auto insurance card. 

Contact Spring Grove Insurance in Spring Grove, IL,  when you’re ready to discuss your auto insurance. 


Why Do Start-UPS Need Commercial Insurance?

Start-ups are the backbone of the economy. They’re responsible for most new jobs, and they can even turn small towns into thriving communities. But they also face certain risks, and this is where commercial insurance comes into the picture. Here are some examples of risks that can be covered by commercial insurance.

1. Risks of Litigation

If you’re a start-up and someone sues your company, it’s going to be tough to pay the legal fees. These costs can quickly outpace any money that the start-up made in its early years. If you own a business, commercial insurance is one of the best ways to protect against this kind of risk.

2. Commercial Property Risks

Commercial property insurance is one of the most common types of coverage for start-ups. This protects against damage to buildings and equipment related to the business. Common causes of loss are fire, natural disasters, theft, and vandalism.

3. Product Liability Risks

Each year, several million people are injured by using faulty products. If your start-up is designing or selling any kind of hardware or software product, it’s vital to make sure you’re protected in case there’s an injury.

4. General Liability

This type of insurance is a catch-all for any other risk that isn’t specifically related to a single category of coverage. It’s the most common choice for start-ups and can cover general lawsuits and costs associated with accidents that happen on a business’s property.

5. Workers’ Compensation

This is an important type of insurance for start-ups that have employees. It provides coverage if someone gets injured or sick while on the job, and it pays medical costs and a portion of their wages while they’re unable to work. This kind of risk can quickly drain a business’s funds, so it’s crucial to be properly protected.

Need Insurance in Spring Grove, IL?

As a start-up, it’s essential that you use commercial insurance to protect yourself from common risks. Spring Grove Insurance offers affordable rates, specializing in business and personal insurance. Please get in touch with us for more information on the types of coverage we provide.

Never Leave Home Without RV Insurance

A recreational vehicle is a prized asset with unlimited fun, especially when touring a country. Undertaking a trip around the countryside in the comfort of a home is a glorious experience for many residents. With your motorhome or campervan, it’s not a must to book a flight or accommodation. You just wake up and plan for your voyage any time you wish!

Irrespective of the breathtaking experience of recreational vehicles in Spring Grove, IL, it’s worthwhile not to forget RV insurance any time you hit the road. Please contact our experienced agents from Spring Grove Insurance and get personalized RV insurance that matches your lifestyle and budget. Here are the reasons why you should never ignore RV insurance.

Liability protection

Irrespective of how vigilant you are while cruising, mishaps may arise, culminating in insurmountable losses. Imagine what transpires when you cause bodily injuries and property damage in an accident with your RV. It would cost a lot, especially when sued. Luckily if you have liability coverage, these unexpected expenses are sorted out.

Protection of assets

RV ownership is exciting, but it comes with inherent risks. Purchasing an RV is a massive investment. Unfortunately, unforeseen situations like accidents, hail, or fire can throw your precious asset in disarray. Without RV insurance, perils can cost you fortunes to repair or restore your RV from the pocket.

Instills peace of mind

The road is full of all sorts of drivers, ranging from drunkards, teenagers, uninsured, and speeding drivers. But since you can’t control the actions of other drivers, you need RV insurance to take care of your worries whenever you hit the road.

RV insurance is a pivotal investment that ensures your RV is solidly safeguarded wherever the fun takes you. Need coverage? Please call or visit our agents at Spring Grove Insurance for a customized, affordable RV insurance plan.

How to Create a High Quality Home Inventory List

Do you know the importance of making a home inventory? It’s beneficial to do this so that you have a record of the items for which you want insurance coverage. Talk about your insurance options with an agent from Spring Grove Insurance of the greater Spring Grove, IL area. 

Capture Photos and Video

One of the best things you can do when creating a home inventory is to take photographs and get a video of the possessions you know you want on your policy. You can also make a regular list, but it’s good if you have the evidence in case something is stolen or damaged to the point it’s unrecognizable. 

Go Through Each Room 

When putting together this inventory, walk through each room of your house. Go through the closets, drawers, and takedown model names and serial numbers of the larger items, especially. This is also a good thing to do if you have a wine cellar and pay special attention to where you keep your collectible items. 

Item Values

It’s important that you know the values of the items you have on your home inventory. Then you’ll stand a better chance of getting the right amount of coverage to meet your needs. If you keep receipts of your big-ticket items, you’ll want to include them in your documentation. Think of it in terms of the replacement cost and not the actual cash value. 

When it’s time to get coverage for your personal property, consider a home inventory to make this process easier. It really will make a big difference. Contact us at Spring Grove Insurance of the Spring Grove, IL area for more information. 

Tips to Avoid Accidents in the Winter

Winter driving brings a lot of challenges. The weather is cold and can be unpredictable. You may also be driving in plenty of snow and ice. 

However, as long as you are careful, you should be able to get where you need to. Here are some tips to help. 

Check your car over before you go. Before winter hits, you need to give your car a good inspection. You need to make sure that your tires are good. Bald tires won’t go in the snow. Also, make sure that your battery is newer, and your windshield wipers work. 

Don’t run out of gas. You should never let your gas tank get too low in the winter. You don’t want to get stuck somewhere and then run out! 

Give yourself extra time to get where you need to. You should always leave earlier than you need to, just in case. That way, you can take the extra that you need to drive carefully. 

You also need to give yourself more time to start, stop, and turn. Because the roads may be slippery, you will have to give yourself more time. Don’t hit the brakes quickly, or you may find yourself sliding out of control. 

Don’t get too close to the cars in front of you. Since you are going to need more space to start, stop, and slow down, you are going to want to give yourself extra space to do so. 

Winter driving can bring challenges, but as long as you are careful, you should be just fine. Just take your time and watch your speed. 

If you want to make sure that you have enough car insurance in Spring Grove, IL, don’t hesitate to contact us today at Spring Grove Insurance. 

Why Commercial Insurance Should Be your Number One Priority

Commercial insurance is a must-have for anyone in business, regardless of your industry. Running a business does not come easy, and that’s why safeguarding it be your number one priority. Commercial insurance is that safety net that protects you financially in case of an unthinkable event.

Illinois requires every business to have workers’ compensation, unemployment, and disability insurance to operate. Besides following the law, Spring Grove Insurance has prepared for you why commercial insurance should be a priority.

Offers liability protection

Liability coverage is crucial for businesses because you don’t know when third-party claims could come calling. Commercial insurance safeguards your business against property damage, advertising injury, lawsuits, or even bodily injury. The policy makes sure you don’t dig into your pocket to finance third-party claims. 

Protects your employees

Employees are your asset, and as a business owner, you are responsible for them. If illnesses or work-related injuries happen to your employees, the workers’ comp insurance takes care of them in terms of medical bills and partial loss of income.

Protects your assets

How catastrophic would it be if a disaster strikes and you lose all your assets? Think about the value of the building, furniture, computer equipment, and inventories. Luckily, when you have commercial insurance in place, your insurer pays for the damages or losses of your assets.

Boosts your credibility

Do you want to gain a competitive edge over rivals? You should invest in commercial insurance. Customers and suppliers like transacting with a reputable business. By investing in commercial insurance, you assure stakeholders that their interests are well-protected should anything go amiss.

Commercial insurance in Spring Grove, IL

There is a lot more as to why commercial insurance should be your priority. Are you looking for the right commercial insurance in Spring Grove, IL, and its environs? Contact Spring Grove Insurance for an affordable quote.

Getting your home ready for fall

As the temperatures get cooler and the days get shorter, you realize that it is time to say goodbye to summer and hello to fall. Every season brings challenges to your home and risks. Being on top of all the changes in the weather is something you can do. At Spring Grove Insurance in Spring Grove, IL we don’t change with the seasons, you can always count on us to work for you to find the right insurance for your needs.  

As the summer wanes and we get ready for fall, getting your house ready should be a top priority.

Put away the summer furniture

Fall brings some serious weather issues and many times strong winds. Time to get the summer outdoor furniture cleaned up and stored away. If you have a pool, it’s time to add the chemicals and put on the cover to keep the leaves and debris out of the pool. Don’t forget to winterize your filter. 

Turn off the outdoor faucets

With the cooler weather coming, its time to put away your outdoor hoses and turn off the outdoor faucets before any freezing happens. 

Cover the gutters

If you haven’t put covers on your gutters, this is the time to think about it. You can have them installed, but you can also install them yourself as a DYI project. 

Check your home for leaks

Before the cooler weather arrives, check your windows and doors for leaks. Drafts are a major cause of heat loss and making sure you add caulk or weatherstripping can save you money. 

Change your batteries

Twice a year, you should change the batteries in your smoke and carbon monoxide detectors. Especially since you will be using your furnace and spending more time indoors, it is always better to be proactive on this front. 

Contact Spring Grove Insurance in Spring Grove, IL with all your home insurance questions.