Is Umbrella Insurance Just For Business Owners?

Insurance Answers Are Never Simple – In Cumming, GA or Anywhere Else For That Matter

Though umbrella insurance is often associated with commercial and business insurance policies, by definition they can be used with other insurance products as well. Umbrella insurance begins where standard insurance policies end – in terms of coverage amounts. If a standard  Insurance policy has a coverage limit of up to $500,000, your liability has exceeded that amount and you are responsible for paying $750,000 on a particular claim, your umbrella insurance policy will cover the excess. Speaking with a knowledgeable agent at our agency will make you feel more comfortable, knowing if your lifestyle dictates that you require this additional coverage. 

Umbrella insurance can be added peace of mind.  As a result, it can be used with your automobile, your home, as well as with your business.  That means that umbrella insurance is not just for commercial business owners though it’s easy to see where their liability can be excessive. This is often time because business owners are responsible for their entire enterprise. 

Because insurance is such a specific and varied item you’ll find that speaking with a professional insurance agent will net the most effective answers.  Our agents take the time to get the right information and to become familiar with your particular situation. Let’s face it, insurance protects your life. It should be as unique and adaptable as every individual’s unique lifestyle.

The agents at The Nolan Group in Cumming, GA has the answers to all of your insurance questions. If we don’t know an answer we will get the information so that we can learn together. Servicing the following states: Georgia, Alabama, South Carolina, Virginia and Mississippi, the agents at The Nolan Group offer auto insurance, home insurance, as well as commercial insurance products. Contact us today at 770-945-6662. 

Protect Your Motorcycle With Motorcycle Insurance

Whether you’re an avid, all-year motorcycle rider or you only hope on your bike a handful of times a month, you need to protect yourself and your vehicle with the right motorcycle insurance. When you live in or around Cumming, GA The Nolan Group can help. So no matter the motorcycle or how long you’ve been riding, the team will help connect you with an insurance policy that fits your personal needs. 

Any Kind Of Riding

It doesn’t matter how often you ride your motorcycle or how far you go, you need to have motorcycle insurance. If your motorcycle is your everyday mode of transportation there are other add-ons you might want to consider, including roadside assistance. This way, if your bike ever breaks down while you’re out and about, you can call a tow truck and your insurance will cover it. 

Liability Insurance

As you are at a greater risk of injury while on your motorcycle you’ll want to protect yourself. Liability insurance is one such option. Now, every rider is different and it will hinge on a number of factors, but you should talk with your insurance agency to determine the right kind of liability protection for you and your bike. 

Any Bike

There are all kinds of motorcycles out there. So whether you’re riding a crotch rocket, a chopper, or somewhere in between, you need to protect your motorcycle with motorcycle insurance. 

It doesn’t matter if you go on long road trips or ride your bike to the local ice cream shop, when living in Cumming, GA you need to have motorcycle insurance. If you have questions regarding a particular policy or you’re just now considering a motorcycle purchase, now is the time to give the team at The Nolan Group a call. 

Does Subletting a Condo Void Its Insurance?

Many people in Cumming, GA live in condos, and some like to sublet them out during certain times of the year. This may be a mistake for many people because it could affect their condo in many ways. But will their insurance be affected? Let us at The Nolan Group figure this out for you. 

Subletting Shouldn’t Affect Your Insurance

Most of the time, subletting shouldn’t affect your insurance policy. After all, you do own the condo and can do what you like with it in this way. However, you may run into a problem if you use a timeshare and try to give it to somebody else. This may be against your condo’s rules or those of your policy and could either cause a policy increase or a cancellation. 

Thankfully, though, this type of cancellation or penalty is quite rare. You may experience a higher rate if you sublet a condo and your insurance company doesn’t appreciate it. However, the potential of this kind of increase varies depending on your policy and your company. 

Subletting Could Cause Problems With Your Condo 

Your condo’s ruling board may frown upon you subletting your condo and try to make you pay fees for this option. If you agree to this type of fee in your condo contract, there’s not much you can do here but pay. And if your subletter causes damage that your insurance must repair, you’ll need to pay for it with your policy, not your condo company.

Finding Help 

If you’re struggling to find high-quality condo insurance that won’t be affected by subletting, please don’t hesitate to contact us at The Nolan Group. We serve Cumming. GA and the surrounding area and will help you get the policy that you need for your condo’s protection.

No Such Thing as One-Size-Fits-All Life Insurance – What’s Your Fit

When it comes to life insurance, there’s a policy to fit every life stage and every budget. If you were to put life insurance into two drawers, you might label one drawer whole life insurance and the other one term life insurance. According to the American Council of Life Insurers, nearly 11 million life insurance policies were bought in 2016  — about 4.3 million were term life policies and  6.4 million were whole life policies, if you’re not sure which drawer you should open, the Nolan Group which serves Cumming, GA can help you sort it out.

Term Life Insurance

If you’re looking for life insurance that comes in increments, you want to look into the drawer holding term life insurance policies. It is available to cover periods of from one to 30 years. Depending on what amount of death benefit you choose, your survivors will be paid that amount should you die within that period. However, if you live, the benefit disappears at the end of the term. 

Other Options

Term life insurance can be further separated into two piles in the drawer.

  • Level term life insurance pays the same death benefit over the entire course of the policy.
  • Decreasing term life insurance pays lesser amounts as the term nears its end.

Whole Life Insurance

If you’re looking for a policy that will cover you for the rest of your life, you’ll want to look into the whole life policy drawer. Unlike term life insurance,  it has no time limit. It will pay your relatives the death benefit you have chosen whether you live to 66, 96, or 106. Another way whole life differs from the term is that, in addition to a death benefit, it has a cash value component that grows tax-deferred as the policy matures. Should the insured need to pay off a debt, contribute toward a child’s college tuition, or supplement retirement income, he or she can borrow against it, or withdraw cash. 

Also known as permanent life insurance, whole life is good for anyone on a budget because, although it’s more expensive than term life, the premium is locked in. If purchased at a relatively young age when the insured is in good health, he or she will pay less than they would if they wait until a more advanced age or when they have health issues when the cost of a premium with the same death benefit will be substantially more. 

There are several types of permanent life insurance in addition to whole life, which is the simplest.

  • Universal life insurance which also accumulates a tax-free cash value but is a bit more flexible since it allows the insured to designate how much of the premium will go toward the death benefit and how much will go toward the cash value account.
  • Indexed universal life insurance  which invests the cash value more aggressively but comes with the disadvantage of losing value
  • Variable life insurance which also allows the insured to grow the cash value by investing in equities or other options. Again this comes with a risk of loss.

These are but several of the life insurance options open to those living in Cumming, GA. If you’re not sure which is a perfect fit, the agents at The Nolan Group are always available to help you try on a few options.

Do All Policies Offer Roadside Assistance?

The agents at The Nolan Group serve residents who live in and around the Cumming, GA area. They offer a wide selection of auto insurance policies that are designed to cover almost any type of vehicle, new or old. Roadside assistance is a feature that many policies have that is designed to protect you and your vehicle if something goes wrong and you find yourself stranded along the side of the road.

The Benefits of Roadside Assistance

Roadside assistance offers several benefits. If you have it as part of your coverage, you can call your insurance company if you break down along the highway and a tow truck will be dispatched to your location. Your vehicle will be towed to the nearest service center so that it can be repaired. If the problem is a flat tire or something that can easily be fixed, the repair can be made and you will be allowed to go on your way without having to worry about having your car towed.

Adding It to Your Policy

While roadside assistance is commonly included in comprehensive insurance policies, it may have to be added as an extra rider for other policies. Having a flat tire along the side of the road, day or night is an unpleasant experience. Adding roadside assistance to your policy may be well worth the additional cost.

If you live in the Cumming, GA area and want to learn more about roadside assistance, call the agents of The Nolan Group. They have all of the answers you are looking for and will help you to decide what type of auto insurance policy best suits your individual needs. 

Do You Need Worker’s Comp Insurance?

Running a business can be a huge balancing act of when to invest money and when to try to save money. Although worker’s compensation insurance may seem like a considerable investment, there are many ways that this investment will save you money over time.

What Is Worker’s Comp Insurance?

You, as an employer in Georgia, will always have the burden of making sure your employees are safe in your workplace. This can be done by controlling the workplace environment and by establishing and maintaining good safety practices. However, even with great safety management, accidents happen. Worker’s compensation insurance provided by The Nolan Group protects you from possible lawsuits which could result if one of your employees is injured on the job.

Am I Required to Carry This Insurance in Cumming, GA, and Surrounding Areas?

In almost every state, worker’s comp insurance is required depending on how many people you currently employ. Even if this type of insurance is not required, however, it is a smart investment that could save your business thousands of dollars in the future.

Other Benefits of Worker’s Comp Insurance

Potential employees often view worker’s comp insurance as a benefit to working with a company. This will make your company more attractive to the right kind of employees in the future. Employees view this as a benefit because, in the event that they are injured, worker’s comp will also make payments to them while they are out of work. This is a great way to protect your workforce.

If you would like to learn more about worker’s compensation insurance, you can call or drop in to speak with one of our friendly staff members here at The Nolan Group serving your insurance needs in Cumming, GA, and surrounding areas.

What does home insurance not cover in Cumming GA?

 While home insurance is designed to protect the place that you live, it isn’t capable of covering everything. There is a great deal of variance between insurance policies in Cumming, GA, yet there are some items that are typically not covered. For a reasonably priced home insurance package, consider checking out what The Nolan Group has to offer.

Earthquakes

Finding earthquake coverage from a home insurance provider would be hard. Separate policies are available, but you should evaluate your risk over the cost of having insurance in your area.

Flooding

While Cumming, GA may not be the worst flood zone in the world, it should still be considered wherever you live in the country. Unfortunately, most home insurance loans will exclude this, and you will have to take out a separate policy.

A Poorly Constructed House

To mitigate the risk, insurance companies will likely not pay out in the event that damage is caused by a poorly made house. Of course, insurance companies will have to go out of their way to find the root cause of such damage to put the blame on one’s craftsmanship. To avoid this, it is best to use licensed professionals when having work done.

Sewer Damage

Whether it is due to roots or using cheap toilet paper, a sewer line backup can cause extensive damage to your property. This is why you will rarely find it included within a homeowners insurance policy. Either take out a separate policy or take better care of your sewer line.

You should always discuss the terms of your home insurance with your provider to clarify what is or isn’t covered. If you are shopping around for home insurance that fits your needs, consider consulting with The Nolan Group.

What Cars Qualify For Classic Car Insurance Coverage?

Do you have a classic car you love taking to the streets of Cumming, GA? Is your classic car not only covered against vandalism, theft, fire, or collision but also the loss of their unique qualities? Classic cars are special vehicles that need individual insurance coverage. Vintage car insurance is a type of specially tailored automobile insurance coverage designed to meet the unique needs of vintage car and specialty vehicle collectors.

Here are some facts the Nolan Group wants you to know about this kind of vehicle insurance coverage. 

What Types Of Vehicles Are Covered? 

For your vehicle to qualify for classic or vintage car insurance, it will need to fall under one of three specific categories: 

Limited – Special interest, limited, or rare editions 

Edwardian – Cars manufactured between January 1905 and December 1918 

Veterans – Vehicles manufactured before December 1904 

Specialties — 2-door sports cars, convertibles, foreign sports cars, certain 4-door sedans, vehicles with unique body shapes or big block V8 engines manufactured before 1974 

Cars Over A Specific Age – For the most part, a vehicle needs to be at least 15 years old to be considered a classic car, though some states require a car to be over 25 years of age. Some car insurance providers will offer classic automobile coverage to vehicles under 15 years if they are exotic, extremely rare, or are considered cherished vehicles. 

Vintage Car Storage Requirements 

Most insurance providers who offer classic car coverage have strict storage requirements, such as not parking outside your Cumming, GA home, and storing it in a secured garage. 

Classic Car Usage 

In order to qualify for classic collector coverage, your car can’t be used as your primary vehicle. Only classic cars that are used infrequently can qualify for classic auto coverage, and most policies limit mileage to approximately 5,000 miles per year. 

For more information about whether your beloved vintage vehicle qualifies for classic car insurance coverage, give The Nolan Group a call today.

What Activites Warrant Buying Recreational Insurance?

If you are a fan of the great outdoors and use equipment to add to the excitement, then you may require recreational insurance coverage. Recreational insurance is designed to cover vehicles such as jet skis, golf carts, and all-terrain vehicles. These items can carry a high price tag and are considered an investment. It makes sense to cover them in the event of a loss or an accident.

What  Activities Would Require You To Purchase Recreational Insurance?

There are many instances where you would want to buy equipment and recreational vehicles to help you enjoy an activity. Some of the most common activities are hunting, off-road exploration, and water sports. These activities would require the purchase of recreational vehicles that can be costly. It is vital to protect your investment in the event of a loss, theft, or accident. Finding the right type of insurance is also important. A good insurance agent will outline your individual needs and recommended insurance coverage that will prevent gaps and out of pocket expenses. 

Work With An Agency With Integrity

When you are shopping for insurance, always keep the reputation and performance of an insurance agency in mind. Working with an established agency that has agents with a vast knowledge of the coverage you are purchasing will help you protect yourself from financial losses in the future. If you live in or around the Buford or Cumming, GA area, you can count on The Nolan Group to work with you individually to find solutions that work for your needs.

Don’t leave your recreational vehicles unprotected. There is a likelihood that you will need insurance at some point if you are an outdoors enthusiast. Let the team at The Nolan Group, serving the residents in and around the Buford and Cumming, GA area, help you discover products that will give you the right coverage. Call or stop by the office for more information. 

What Activites Warrant Buying Recreational Insurance?

If you are a fan of the great outdoors and use equipment to add to the excitement, then you may require recreational insurance coverage. Recreational insurance is designed to cover vehicles such as jet skis, golf carts, and all-terrain vehicles. These items can carry a high price tag and are considered an investment. It makes sense to cover them in the event of a loss or an accident.

What  Activities Would Require You To Purchase Recreational Insurance?

There are many instances where you would want to buy equipment and recreational vehicles to help you enjoy an activity. Some of the most common activities are hunting, off-road exploration, and water sports. These activities would require the purchase of recreational vehicles that can be costly. It is vital to protect your investment in the event of a loss, theft, or accident. Finding the right type of insurance is also important. A good insurance agent will outline your individual needs and recommended insurance coverage that will prevent gaps and out of pocket expenses. 

Work With An Agency With Integrity

When you are shopping for insurance, always keep the reputation and performance of an insurance agency in mind. Working with an established agency that has agents with a vast knowledge of the coverage you are purchasing will help you protect yourself from financial losses in the future. If you live in or around the Buford or Cumming, GA area, you can count on The Nolan Group to work with you individually to find solutions that work for your needs.

Don’t leave your recreational vehicles unprotected. There is a likelihood that you will need insurance at some point if you are an outdoors enthusiast. Let the team at The Nolan Group, serving the residents in and around the Buford and Cumming, GA area, help you discover products that will give you the right coverage. Call or stop by the office for more information.