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Archive for February, 2017

D-I-V-O-R-C-E

February 23, 2017 Leave a comment

D-I-V-O-R-C-E

 

According to the American Psychological Association, 40%-50% of marriages end in divorce. As messy as they can be, especially when it comes to children or abuse, one thing isn’t considered and that is insurance. Frankenmuth Mutual Insurance Company provides today’s topic information on what to do about insurance in a divorce situation:

  • Separate auto insurance policies – If the vehicles are titled to the specific person, separating the autos onto individual policies is easy. If they are co-titled, that is a different story. Your hometown insurance agent can help figure out what is needed.
  • Youthful Operators – with now-separate households & auto policies, the next determination is where the youthful operators will live and onto which policy they need to be listed.
  • New Residence – moving into a new apartment/condo/home will require a new insurance policy. Talk to your hometown insurance agent.
  • Staying in the residence – if you are staying in the home and it is co-deeded, talk to your hometown insurance agent about the best way cover both parties’ interest. Removing them from the policy completely could cause legal/financial/insurance trouble.
  • Update your life insurance – you may need to change the beneficiary from your former spouse to someone else or reallocate their portion of the policy.
  • Purchase life insurance – making sure your kids are taken care of financially after your passing should be a priority. If you don’t have life insurance now, talk to your hometown insurance agent.
  • Update your will/trust – life insurance & wills are often overlooked amidst divorce. Make sure they are updated accordingly.

 

Divorce can be a devastating event, your hometown insurance agent is there to help the insurance portion transition as smoothly as possible for your next stage of life.

 

Contact Us!

At Marsilje & Vander Plow Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 616-396-1497 or send us a note at marsiljeins@gmail.com. We want to help you meet your goals, and make sure what’s important to you is protected!

Categories: Uncategorized

Protecting Your Loved Ones

February 16, 2017 Leave a comment

Protecting Your Loved Ones

 

Not only do you want to protect your property in case of a loss, have you thought about protecting your loved ones as well? We suggest creating a “love box” containing all the documentation your loved ones need in case of your passing:

  • A list of all your financial accounts, contact names/phone numbers for the accounts, and usernames & passwords for the accounts
  • Copies of your insurance policies, including your life insurance
  • Copies of your will, trust, & other “final expense” documents
  • Copies of property deeds & vehicle titles
  • Copies of house/condo keys, vehicle keys (if possible), safety deposit keys

Your passing is enough for your loved ones to deal with, make the transition a little easier by creating a “love box” to help them with your estate.

 

Contact Us!

At Marsilje & Vander Plow Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 616-396-1497 or send us a note at marsiljeins@gmail.com. We want to help you meet your goals, and make sure what’s important to you is protected!

Categories: Uncategorized

Marriage & Insurance – Your Agent or Mine?

February 9, 2017 Leave a comment

Marriage & Insurance – Your Agent or Mine?

 

Actually this checklist should have been done prior to the big day. Marriage is the combining of two lives into one, not only spiritually & emotionally but also financially as well. There are things to consider when it comes to insurance for newlyweds and hopefully this checklist will help:

  1. Your agent or mine? Hopefully parents have gotten their children involved in the financial/insurance process when they have come of age. Preparing our young people for what lies ahead for them as independent individuals is important to hopefully keep them from making financial mistakes that could cost them in the long-run. We recommend the newlyweds sit down with each other’s  insurance agent to get quotes on combining auto policies and any additional policies the agents may recommend. Get a feel for the agent, is he/she knowledgeable about their field? Do they make suggestions for additional coverage that may benefit your situation? Are they easy to talk to or intimidating?
  2. Coverage Limits. It’s possible that the spouse-to-be may have different coverage limits than their partner. Both insurance agents should be able to compare limits and make recommendations for increases/reductions in coverage.
  3. Bundle/Unbundle. Is it more economical to have all your insurance with one carrier or to split it out amongst different carriers? Both agents should be able to present multiple quotes based on bundling/unbundling (if the agents are independent agents). It could happen that having separate auto policies may be more financially beneficial than having both on one policy (especially true if either one of the partners has tickets or accidents).
  4. Ease of Doing Business. Are the agents or companies easy to get ahold of in case of a policy change or claim? Some agents refer clients to company claim numbers or customer service centers for policy changes rather than process them in-house. Depending on your lifestyle, this could be a good fit or not a good fit.
  5. Discounts. What different discounts are available for each carrier? How can the discounts be maximized?

 

 

 

 

Contact Us!

At Marsilje & Vander Plow Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 616-396-1497 or send us a note at marsiljeins@gmail.com. We want to help you meet your goals, and make sure what’s important to you is protected!

 

Categories: Uncategorized

The Engagement Ring

February 2, 2017 Leave a comment

The Engagement Ring

 

This week’s podcast information comes courtesy of Grange Insurance, whose article on insuring your engagement ring is filled with good information:

  • Buy the ring & keep the receipt – some carriers may require insuring the ring for its retail value, so it’s best the keep the receipt as proof of purchase
  • Call your independent insurance agent – your agent will help you through the process and explain coverage.
  • Get an appraisal – most insurance carriers will require the ring to be insured for “replacement value” and an appraisal will help determine the amount of coverage needed. Also, jewelry values in excess of certain dollar amounts require an appraisal to be kept on file.
  • Changing coverage or adding an endorsement – depending on the situation, the ring could be covered in a variety of ways from increasing the Unscheduled Jewelry limit to scheduling the ring on a home/renter/condo/mobile home policy or writing a separate “jewelry floater” to cover just the ring.
  • Propose – now that the ring is covered properly, go ahead and propose!

 

Your hometown insurance agent can help you determine the best course of action to insure the symbol of love that you want to give to that special someone in your life. Be aware, though, that the court system has deemed that such a symbol of love is a promise or contract. If the engagement is called off, the ring most often expected to go back to the giver and not kept by the givee…

 

Contact Us!

At Marsilje & Vander Plow Insurance Agency, we can work with you to make sure you’ve got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Just give us a call at 616-396-1497 or send us a note at marsiljeins@gmail.com. We want to help you meet your goals, and make sure what’s important to you is protected!

 

Categories: Uncategorized