How Often Should You Update Your Auto Insurance Policy?

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At Martin Insurance Team, we want to help you protect your vehicles and keep them covered for the long term. If you’re in the Evergreen Park, IL area and looking for auto insurance, we’re here to help. Whether you’ve had your policy for years or it’s newer, making sure it’s updated is the best way to keep your vehicle safe and create peace of mind for you, as well.

By working with us, you can get the policy updates you need to keep your vehicle secure. It’s best to update that policy at least once every year. Of course, if you make changes to your vehicles or who drives them, you’ll also want to update your policy at that time. There’s no reason to settle for a policy you’re not sure about or don’t feel comfortable with when we can help you adjust your coverage or even switch to a different insurer.

We’ll provide you with quotes, review your policy, and talk with you about any concerns you have. Our agents are also happy to answer your questions so you can get all the details about any policy you’re considering. We want you to feel comfortable when you choose an insurance policy, and we know your vehicle is important to you. Getting the right coverage and all the information you need to make a knowledgeable decision is how you can enjoy your vehicle long-term.

Contact us at Martin Insurance Team today if you’re in the Evergreen Park, IL, area and looking to update or change your auto insurance policy. You don’t have to make changes alone or wonder whether you’ve picked out the right options to protect your car when you have us to help you get the right coverage today.

Actions to Take If Your Home Insurance Is Canceled

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If you are a homeowner, keeping your home insured is essential. If you live in the Evergreen Park, IL, area, we invite you to visit us at Martin Insurance Team. In addition to serving clients in Evergreen Park, we also serve clients in the Cape Coral, Bonita Springs, and Naples areas. 

Can Home Insurance Be Canceled?

If you have a homeowners’ insurance policy, you may wonder if it can be canceled without your permission. The insurance company can cancel your policy during the first 60 days if their review of your risk causes them concern. After 60 days, the policy can be canceled only if you fail to pay the premium. Writing a check that bounces can be considered non-payment.  

Actions After Cancelation Notice

If you are notified that your policy is canceled, the insurance company must send a notice explaining the cancellation. Policyholders then have the right to appeal the cancelation. You must prove the insurance company didn’t follow the correct procedure to win the appeal. 

Appeal to Director of Insurance

If your policy is canceled for a reason other than non-payment, you have the right to appeal to the Director of Insurance. Your appeal must be filed 20 days before the cancelation date. If the state insurance office agrees you have a right to appeal, they will notify you of a hearing date.

Call Us Today for an Appointment 

If you need new homeowner’s insurance, we can review all your options. We will take the time to listen to you and determine your insurance needs. Residents of Evergreen Park, IL, will find our experienced staff at Martin Insurance Team ready to provide you with quotes from our many top-rated insurance carriers. Give us a call today for an appointment to discuss your insurance needs.

Umbrella Insurance: Covering what Isn’t

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From time to time, we all need the help and support of others. It might be for car repairs, help with technology, or insurance services, but having people we can count on makes a difference. Regardless of what you need or why you need it, reliable and professional services are always welcomed. That is also why people from the Evergreen Park, IL, area turn to the professional and friendly agents at the Martin Insurance Team when they have questions or need help with options like umbrella insurance.

Covering What Your Standard Policy Doesn’t

What if that claim or those damages exceed the limits of your policy coverage? What do you do if you have expenses to deal with that go beyond what your insurance covers? The good news is that with the right umbrella insurance coverage plan, you will never have to find out. 

Are there gaps in your coverage? Does your home or auto insurance policy provide the necessary coverage and protection? Not sure? Then, let your local agents at the Martin Insurance Team help. From looking for gaps in your coverage to helping you understand your coverage needs and options, Martin Insurance is the team Evergreen Park residents rely on for all their insurance needs and solutions.

For All Your Umbrella Insurance Solutions

Do you live in the Evergreen Park IL area? Are you seeking reliable and professional insurance solutions for your coverage needs? Then look no further than the helpful and experienced agents at the Martin Insurance Team. Contact us to find out how we can help you and your family get the coverage you need and deserve today.

What Types of Events Does Landlord Liability Insurance Protect You Against?

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Are you a landlord in the greater Evergreen Park, IL region looking to protect your investment properties? Understanding the risks associated with rental properties is crucial for safeguarding your financial future. Martin Insurance Team is here to shed light on the importance of landlord liability insurance and the events it protects you against.

Slip and Fall Accidents

Slip and fall accidents can happen anywhere, including your rental properties. Whether a tenant or guest injures themselves due to a slippery floor or uneven surface, landlord liability insurance covers medical expenses and potential legal fees arising from such incidents.

Property Damage

Property damage is typical in rental units, from burst pipes to electrical fires. Landlord liability insurance helps cover the costs of repairs or replacements resulting from accidental damage to your rental property caused by tenants or unforeseen events like storms or vandalism.

Legal Expenses

Legal expenses can quickly add up in the event of a lawsuit filed against you as a landlord. Landlord liability insurance offers protection by covering legal fees, court costs, and settlements arising from lawsuits related to your rental property, such as wrongful eviction or tenant discrimination claims.

Loss of Rental Income

If your rental property becomes uninhabitable due to a covered event, such as fire or water damage, you may experience a loss of rental income. Landlord liability insurance can help bridge the gap by compensating for the income you would have received during the repair or rebuilding process.

Ready to safeguard your rental properties in the greater Evergreen Park, IL, area? Contact Martin Insurance Team today to learn more about our landlord liability insurance options and receive a customized quote. 

Have You Reviewed Your Contractors Insurance Lately?

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Time for a Contractor’s Insurance Review in Evergreen Park, IL?

If you’re a contractor in Evergreen Park, IL, chances are your insurance policy might require a thorough review. At Martin Insurance Team, we provide the essential expertise for such a process, ensuring you stay properly protected.

Updating Insurance: A Continuous Process

Ensuring coverage against potential claims and damages, safeguarding your equipment, and protecting your employees are pivotal. The right insurance policy effectively covers all these areas. However, as your enterprise grows and services diversify, your initial policy might fall short. Regular updates ensure your insurance coverage is relevant and comprehensive.

Talk to Us about Contractor’s Insurance

Our insurance specialists can highlight any missing elements in your existing policy and suggest necessary amendments for enhanced protection. Worry less about insurance and focus more on your company’s growth with our support.

Contact Martin Insurance Team

If you’re seeking updated contractor insurance, the Martin Insurance Team is ready to assist. Upgrade your existing cover, or if you need a new policy entirely, we ensure you get the protection and security you need. Safeguard your future without insurance concerns with us.

Guard Your Digital Fortress with Cyber Insurance in Evergreen Park, IL

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The Case for Cyber Insurance for Small Businesses in Evergreen Park, IL

Contemporary reports suggest a rise in cybercrimes against small businesses. Increasingly, petite enterprises are targets for operatives seeking unauthorized access to their proprietary systems and customer data. The Martin Insurance Team can assist your small business in avoiding such digital attacks and data breaches.

Need For Cyber Insurance

The cyber threat landscape is dynamic, with Evergreen Park, IL, businesses being susceptible to the consequences of cyber-attacks, data breaches, ransomware, and cybercrimes. By availing of cyber insurance, prudent entrepreneurs safeguard their precious enterprise network and customer data against emerging cyber threats.

Defining Cyber Insurance

Many people falsely believe their small businesses are too insignificant to be targeted by network criminals or data theft. Cyber Insurance helps businesses protect against the fallout that follows cyber-attacks, data breaches, or ransomware attacks, including massive data theft and temporary business shutdowns.

Contact Martin Insurance Team

Don’t risk your business data; protect it proactively. The insurance professionals at Martin Insurance Team can discuss the benefits of cyber insurance, how it can bolster your business’s defenses, and customize options to suit your needs best. Contact our trusted, licensed professionals today for a free quote.

Why Every Business Needs Workers’ Compensation Insurance

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If you own a business, chances are that you have employees. You may have any number of them, even just one. No matter how many employees you have, it’s never a good idea to be without a workers’ compensation policy. This insurance is crucial for you as a business owner; it’s important for your business and its employees. Contact us at Martin Insurance Team in Evergreen Park, IL today.

It Protects Your Business

When you consider your business, you may think about how much money it costs to run it. Often, a business can’t continue if it has enormous, unexpected expenses. However, that’s what can happen if an employee gets injured while on the job. When this happens, the business is generally responsible for all of the costs associated with the accident. This can include medical bills and lost wages. When you don’t have workers’ compensation insurance, your business would have to pay all these bills, which can be quite high. A costly, serious injury could cost your business a lot. It can also protect you from being sued, as the injured party would deal with the insurance company. 

It Protects Your Employees

When employees work for you, it’s helpful to know that they’re protected in case of an accident at work. They shouldn’t worry about funds being there if they are injured at work. When you have workers’ comp insurance in place, there’s no reason for them to worry about it. They won’t even have to negotiate with the company about a settlement after an accident happens. This is also true if they ever develop a work-related sickness. 

Get Workers’ Compensation Insurance for Your Business

Don’t leave your company in danger of massive medical bills and lawsuits. Call us at Martin Insurance Team in Evergreen Park, IL.  

Need Coverage for Your Fleet? Get the Right Commercial Auto Policy

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When you have a fleet of vehicles, protecting them is very important. Not only do you want to ensure they’re covered against damage and theft, but you also want to ensure your company is protected if a claim is made. The Martin Insurance Team can help if you’re in the Evergreen Park, IL, area and in need of a commercial auto policy to give you the security and peace of mind you’re looking for.

Our dedicated agents can work with you to get the right coverage you need for a single business vehicle or an entire fleet of them. No matter what kinds of vehicles you have for your company and how they’re being used, the right commercial coverage increases your peace of mind and helps you focus on other aspects of your business.

There’s no reason to settle for less than you deserve when you work with us to help ensure your vehicles’ safety and protect your employees and the others around them. Even if you already have a policy, reviewing it can help you move forward and focus on any changes that need to be made. It’s vital to make sure the policy on your company’s vehicles stays up-to-date so you always know you’re covered.

Contact us at Martin Insurance Team today if you’re in the Evergreen Park, IL, area and need a commercial auto policy. Whether you’re just starting up a new business, taking on more vehicles, or want to review or modify an established policy, having an agent to help is the right way to get everything done easily and conveniently. We can provide you with quotes from several insurers so you can choose what works for you.

All You Need To Know About Tax-Free Retirement

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A tax-free retirement account is a type of insurance policy that offers individuals tax benefits and risk protection. It is also known as a TFRA account. Do not confuse it with a 401(K) plan because it is not a qualified plan. Tax-free retirement accounts are covered under Section 7702, and their purpose is to provide tax-free income for retirement. 

How does a tax-free retirement account work?

This account is funded with after-tax dollars. This makes it similar to a Roth IRA. Policy owners deposit their money into the account and pay taxes on all contributions they make. They also do not get any tax deductions. You may wonder how much money you can put into a TFRA account. It depends on the type of your account. However, there is a yearly commitment limit. 

What are the benefits of a TFRA account?

First, it offers excellent liquidity because you can access cash value without triggering any tax penalty. Another benefit you should know about is that it helps generate additional income. The amount of income will depend on the individual investment plan. Finally, another great benefit that a TFRA account has is that it is life insurance. That means beneficiaries can collect death benefits when a policyholder passes away. 

Do you want to know more about TFRA accounts? Do not hesitate to contact Martin Insurance Team, an insurance company in Illinois serving clients in Evergreen Park, IL, and other nearby areas. Our Martin Insurance Team team will answer all your questions and provide the information you need to help you make the right decision.

Could I be in trouble if I do not carry auto insurance?

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Being a car owner is common for those in the Evergreen Park, IL area. If you are going to buy a car here, you will have a convenient way to get around the community. Those who own a car will also need to ensure they are adequately insured. If you do not have proper insurance, you could face various repercussions and find yourself in trouble in various ways. 

Financial Challenges

One type of trouble you can find yourself in is a financial challenge. An auto insurance plan offers significant financial protection. This includes both for your vehicle, if you have comprehensive insurance, and for liability coverage. If you are not insured, you will still be held responsible for replacing your car and compensate other parties if you are at fault in an accident. This could create a significant financial strain. 

Legal Challenges

Beyond financial strain and stress, a lack of auto insurance can lead to legal challenges. No matter where you drive a car, you are required to carry liability insurance. If you are caught driving without it, you will be issued a ticket and can face other repercussions in the future. This can even include losing your license for a period of time if you are a repeat offender. 

When trying to get insurance for a car in the Evergreen Park, IL area, you always need to ensure you speak with someone you can trust and who can help you choose the right policy. Our professionals with the Martin Insurance Team are always available to help with this. Our Martin Insurance Team professionals will give you the support you need to create a plan that appropriately protects your vehicle.