Regional Insurance Associates offers a full range of personal
lines insurance coverage to meet the needs of you and/or your family.
Through a multitude of highly reputable insurance carriers, we offer
the following coverage's:
Primarily used for accident protection, automobile insurance can be
purchased for cars, trucks, snowmobiles, motorcycles, RV’s, etc.
Auto insurance protects you against financial loss
if you have an accident. It is a contract between you and the
insurance company. You agree to pay the premium and the insurance
company agrees to pay your losses as defined in your policy.
Auto insurance provides property, liability and medical coverage:
- Property coverage pays for damage to or theft of your car.
- Liability coverage pays for your legal responsibility to
others for bodily injury or property damage.
- Medical coverage pays for the cost of treating injuries,
rehabilitation and sometimes lost wages and funeral expenses.
An auto insurance policy is comprised of six different kinds of coverage.
Most states require you to buy some, but not all, of these coverages.
If you're financing a car, your lender may also have requirements.
Most auto policies are for six months to a year. Your insurance company
should notify you by mail when it’s time to renew the policy and to
pay your premium.
You’ll want to make sure all your valuables are covered, so we suggest
mentioning them to us during your free consultation. Sometimes "collection
items" aren’t covered under homeowner policies and you may have to
take out a separate policy for them. Collector items may include
insuring classic cars, wedding rings, stamp collections, antique
toys and memorabilia, etc.
Flood insurance is a special policy backed by the federal government,
with cooperation from local communities and private insurance companies.
Why would someone need flood insurance? When your home is flooded, it
can lead to financial ruin if you don't have the proper insurance.
And note this: Your basic homeowner’s policy won't cover your flood
Health insurance is one type of insurance you're pretty much
guaranteed to use. We all need medical attention from time to
time, and some of us need it quite frequently. When care is needed,
you want to focus on getting better ¬ not on how you're going to come
up with the money to pay your medical bills. A good health insurance plan
allows you to focus on what's most important, your physical well being.
There are essentially two kinds of heath insurance:
Fee-for-Service and Managed Care. Although these plans differ,
they both cover an array of medical, surgical and hospital expenses.
Most cover prescription drugs and some also offer dental coverage.
These plans generally assume that the medical professional
will be paid a fee for each service provided to the patient.
Patients are seen by a doctor of their choice and the claim is
filed by either the medical provider or the patient.
- Managed Care
More than half of all Americans have some kind of managed-care plan.
Various plans work differently and can include: health maintenance
organizations (HM0s), preferred provider organizations (PPOs) and
point-of-service (POS) plans. These plans provide comprehensive health
services to their members and offer
financial incentives to patients who use the providers in the plan.
Homeowners insurance provides damage protection for your home/personal
property from various events (i.e., storms, fire, etc.). We insurance
all types of households, including primary residences, summer homes,
waterfront property, apartments, condominiums, and cooperatives.
Homeowners insurance provides financial protection against disasters.
A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both
damage to your property and your liability or legal responsibility for any
injuries and property damage you or members of your family cause to other people.
This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions.
The most significant are damage caused by floods, earthquakes and poor
maintenance. You must buy two separate policies for flood and earthquake
coverage. Maintenance-related problems are the homeowners' responsibility.
If someone depends on you financially, chances are
you’ll need life insurance.
Life insurance provides cash to your family after your death.
This cash (known as the death benefit) replaces your income and
can help your family meet many important financial needs like daily
living expenses, mortgage payments and college savings. What's more,
there is no federal income tax on life insurance benefits.
Why should I buy life insurance?
Many financial experts consider life insurance to be the cornerstone
of sound financial planning. It can be an important tool in the
- Replace income for dependents
If people depend on your income, life insurance can replace that income
for them if you die. The most commonly recognized case of this is parents
with young children. However, it can also apply to couples in which the survivor
would be financially stricken by the income lost through the death of a partner,
and to dependent adults, such as parents, siblings or adult children who continue
to rely on you financially. Insurance to replace your income can be especially
useful if the government- or employer-sponsored benefits of your surviving spouse
or domestic partner will be reduced after your death.
- Pay final expenses
Life insurance can pay your funeral and burial costs, probate and other estate
administration costs, debts and medical expenses not covered by health insurance.
- Create an inheritance for your heirs
Even if you have no other assets to pass to your heirs, you can create an inheritance
by buying a life insurance policy and naming them as beneficiaries.
- Pay federal "death" taxes and state "death" taxes
Life insurance benefits can pay estate taxes so that your heirs will not have to
liquidate other assets or take a smaller inheritance. Changes in the federal "death"
tax rules between now and January 1, 2011 will likely lessen the impact of this tax on
some people, but some states are offsetting those federal decreases with increases
in their state-level "death" taxes.
- Make significant charitable contributions
By making a charity the beneficiary of your life insurance, you can make a much
larger contribution than if you donated the cash equivalent of the policy’s premiums.
- Create a source of savings
Some types of life insurance create a cash value that, if not paid out as a
death benefit, can be borrowed or withdrawn on the owner’s request. Since most
people make paying their life insurance policy premiums a high priority, buying a
cash-value type policy can create a kind of "forced" savings plan. Furthermore,
the interest credited is tax deferred (and tax exempt if the money is paid as a
We offer high liability limits over and above your homeowners,
automobile or watercraft liability policies in order to properly protect
your personal assets.
Coverage is available for all types of watercraft from canoes and rowboats,
to motor boats, sailboats and yachts. We also have special programs for
jet-ski’s and other types of recreational watercraft.
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