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California Personal Lines Insurance
Schaedler Insurance offers a comprehensive line of personal insurance products to fill just about any insurance need you may have. In addition to great products, our staff can help guide you through the process of selecting coverage’s that fit your unique needs. This way, you pay only for the coverage’s you need, and not those you don’t. Below is a partial selection of our most common personal insurance products. If you don’t find what your looking for, let us know and we’ll get you covered.
Protecting Your Personal Assets With Insurance
If you’re like most of our clients, you’ve worked very hard over the years to establish your portfolio of personal assets and protecting these assets is the first step in establishing a successful personal insurance strategy. While the larger assets such as your home or auto’s often receive the most attention when it comes to insurance, it’s important to develop a comprehensive insurance strategy that encompasses the most vital exposures that can threaten your financial well being. Often times, it’s the overlooked exposures such as insufficient liability limits on boats or off-road vehicles that pose the greatest financial threat in the event of a claim. When evaluating your personal insurance portfolio, it’s also imperative to prepare for major claims that can have a much deeper impact on your long term financial well being than smaller, more common claims such as chips in your vehicles windshield or rental car coverage.
Below is a short list of critical personal insurance items that should be reviewed at least annually. If you would like to schedule a free, comprehensive personal insurance review, a personal insurance representative with Schaedler Insurance would be happy to assist you.
Personal Insurance Review Checklist
1. Review your home insurance and rental property policy’s with a focus on adequate dwelling coverage’s and liability limits. Catastrophic property losses or lawsuits, while rare, can have a significant impact on your financial well being without proper coverage limits.
2. Check uninsured/underinsured motorist limits on all vehicle insurance and marine policy’s. Uninsured/underinsured motorist insurance is critical because it provides coverage for your bodily injuries when another insured is liable, but has no liability insurance, or insufficient limits.
3. The number one cause of bankruptcies in the U.S. is overwhelming medical expenses. Obtaining quality medical coverage with deductibles that are affordable should be a top priority. While Schaedler Insurance does not provide health insurance, we would be happy to refer you to one of several competent health insurance professionals.
4. Along the same line as health insurance, consider purchasing disability insurance if you don’t currently have any through your employer. When purchasing disability insurance, pay careful attention to the policy’s waiting period and make sure you develop an emergency fund that can cover the time between when a disability occurs, and when benefits become payable.
5. Life insurance is perhaps the most important coverage for individuals to purchase. Consider purchasing life insurance even if it’s provided by your employer because these plans are typically not portable if you change jobs. If your health deteriorates, you may not be eligible for private life insurance in the future. Pay close attention to policy limits and the duration of your life insurance policy.
6. Liability limits provide the core benefit on most personal insurance policy’s. Your liability limits should be sufficient to cover at least the net value of your assets plus an additional amount to protect your current and future income. An asset protection worksheet is a great tool to determine how much liability insurance you may need. Please contact Schaedler Insurance and we would be happy to assist you free of charge.
7. Insurance is all about protecting against the unexpected. While insurance can reduce the financial implications from unexpected events, it does not completely eliminate all costs associated with a claim. If you have not already done so, begin building an emergency fund to cover at least 6 months of living expenses. This fund will provide your own personal insurance fund to defer the financial shock of things such as a job loss, car repairs and medical insurance deductibles.