Insurance

Do You Really Need Renters Insurance?

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So you have decided that it is time to rent your own place in Buena Vista, VA? Have you thought about how you are going to protect all of your belongings? One big mistake that a lot of renters make is that they think that the home insurance that the owner of the property has will offer them some type of protection. This could not be further from the truth and is exactly why here at Stonewall Grace Insurance, we always recommend that renters get their own insurance. 

You can do this by getting renters insurance. This type of insurance is designed to actually protect the renter and everything that is kept in the property by the renter. The insurance that the owner has will not offer any coverage except for the structure so it is up to you to get coverage for your personal items. The great thing about this type of insurance is that it is relatively inexpensive so if you can afford to rent a property then you can afford to get renters insurance. The last thing you want to do is not have protection for everything that you own as well as no protection if there is any damage to the property. 

If you are renting a home or even an apartment, you need to have renters insurance. Some property owners will even make it a requirement for living there. Be sure to reach out to us here at Stonewall Grace Insurance, serving Buena Vista, VA, to get started on your quote today. We will make sure you have the proper amount of coverage based on the items that you own that will be in the property and will even work to make sure you get the lowest possible price. 

Commercial Auto Insurance for Pickup and Transportation Businesses in Buena Vista, VA

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If your business is a pickup service, cab or truck driving service, you should consider commercial auto insurance. Whether you work alone or have employees, you’re in a high-risk transportation business, so using your personal auto insurance for coverage probably doesn’t provide sufficient protection. Consult your Stonewall Grace Insurance professionals regarding the types of commercial auto insurance that might be right for your company. In the meantime, here are some of the basics.

Who Needs Commercial Auto Insurance?

Commercial car insurance coverage isn’t just about big trucks. If you use your own vehicle for your job or business in Buena Vista, VA, you need commercial auto insurance. A single accident can cost thousands of dollars in damages, so don’t leave your business unprotected.

Commercial vehicles that are covered by business auto insurance include cars, pickup trucks, and sports utility vehicles. Of course, it also protects more traditional commercial vehicles like big rigs, dump trucks, bucket trucks, catering trucks and more. Utility vans, limousines, and taxis and flatbeds are some of the diverse vehicles that may require commercial auto insurance. You can get a policy whether you lease or auto your work vehicles, and your Stonewall Grace Insurance agent can provide more information on specific options.

Types of Coverage

Typically, commercial car insurance gives you the same protection as personnel policies, but there are a lot of additional options unique to business driving. Choose a broadened or blanket policy to cover employees or people who work with you. Buy equipment insurance for loading and unloading goods or business insurance that protects your assets in case of a lawsuit. Your Stonewall Grace Insurance specialist can explain each type of coverage that might help your business.

Contact Us

Contact your Stonewall Grace Insurance agent in Buena Vista, VA to schedule an appointment for a quote or for more information.

Facts about senior health insurance plans

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Senior health insurance policies are specifically tailored to meet an individual’s current and future health needs. It is therefore important to review your current health plan so that in the later years of your life, all your health needs will be taken care of without any financial burden. Taking a senior cover that best suits you is thus a beneficial aspect.

Choosing an affordable and reliable health insurance for seniors can be overwhelming; nevertheless, there are a number of factors to consider before you make an informed decision as elaborated by Buena Vista, VA, Stonewall grace insurance:

  • The cover offers private health insurance

When a person grows old, he/she becomes prone to a wider range of health problems which means you are more likely to be in need of medical treatment. Having a private health insurance saves you the cost and hustle of traveling in search of treatment.

In addition, most basic health insurance covers do not provide the option of choosing a specific specialist or the comprehensive level of unique cover you may need as a senior like spinal or cardiac procedures.

With private health cover for seniors, you are also able to skip the long waiting lists and with the option of preventative treatment, you can maintain your quality of life through making use of the available preventative therapies which are helpful to keep you in good shape for a longer period of time.

  • Coverage options

A senior health insurance policy has more value than the basic health insurance since it covers all the common health conditions that affect seniors plus extra covers depending on your specific needs for example; occupational therapy to help you cope with daily tasks.

As an affordable provider with a wide range of plans to compare, choose and buy from, Buena Vista, VA, Stonewall grace insurance guarantees a great policy for you.

Do You Need to Make Changes to Your Life Insurance in 2018?

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If 2018 is going to bring in changes for you, big or small, it may be a good idea to evaluate your life insurance policy to see if it should reflect them. Obvious changes like buying a home or having a child may change your needs, but many people do not realize other situations that warrant the need to assess your life insurance policy often.  At Stonewall Grace Insurance we can help you asses which situations call for a change so your life insurance policy serves you best at all times. Serving Buena Vista, VA and the surrounding areas. 

Situations that may call for a change to your policy.

  • Improvement in health can improve your life insurance situation. Did you lose weight this year? Did you quit smoking? There are factors may be able to reduce your premiums or increase your policy. 
  • Reduction of income. Did you lose a job or take a pay cut? You may want to reduce your life insurance policy accordingly until things improve. 
  • Increase in income or assets. If your income increases you may want to also increase your life insurance policy. It may be more difficult for your family to keep up expenses at the previous amount. 
  • Marriage or an additional family member usually warrants a change in your policy. After all, more dependents typically mean a variation in your financial situation. 

Contact us at Stonewall Grace Insurance serving Buena Vista, VA and the surrounding areas for a quote on a new life insurance policy in 2018, or to review your current policy to make sure you are getting the best for your money. 

How to Choose a Deductible for Your Health Insurance

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Deductibles are one of the toughest things a person in Buena Vista, VA will have to face when it comes to their policy. It has a huge effect on how much someone will pay for any medical costs they may have throughout the year. The deductible is how much you’ll pay per year before your health insurance will take over, and the numbers can be extremely high — as much as $6,000 or more. Most people don’t have that kind of money sitting around in their bank account!

But of course, the higher the deductible, the lower the premiums are. When you’re up against a budget, it can be difficult to balance the two out. Learn more from Stonewall Grace Insurance about how to choose a deductible so you don’t end up in hot water.

Young and Healthy

While young and healthy people aren’t immune to getting hurt or sick, most people agree that major medical expenses are a perfectly acceptable choice for them. Essentially, this means that you’re covered if something major happens to you, but that most standard services and prescriptions will be paid for out-of-pocket. It’s still a risk that you’re taking if you do happen to hit your deductible maximum though, so only you can decide if you’re comfortable playing the odds.

A Safer Choice

The better the coverage, the less likely it is that you’ll face many outside costs for your health. The pregnant, elderly, and ill all need lower deductibles so they can be assured they can get the care they need without winding up in debt. If you live in Buena Vista, VA and have more questions about how to pick the right plan for you, give Stonewall Grace Insurance a call for more information.

What Happens If A Lawsuit Exceeds The Amount of Your Commercial Insurance Coverage?

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Business owners in Buena Vista, VA need to fully protect themselves from financial loss if an accident occurs. A liability lawsuit can be devastating to a business causing traumatic financial loss. The agents at Stonewall Grace Insurance can help business owners understand the importance of having the right type of commercial coverage for their business.

What Happens If A Lawsuit Exceeds the Limits of My Commercial Coverage?

If a person is injured and they are awarded a settlement that exceeds the amount of your current commercial policy, you may have to think about selling off assets, or even the business itself, to cover the additional cost. While the ruling may be appealed, it can spell disaster for a small business that has limited financial resources. Even if you have an ample amount of coverage, the fact is, there are times when it’s just not enough.

The Benefits Of An Umbrella Policy

If you are unsure of whether or not your coverage will be enough to cover a person’s injuries, you may want to consider adding an umbrella policy. An umbrella policy adds an additional layer of coverage to protect you from financial loss if your current commercial coverage isn’t enough.

The agents of Stonewall Grace Insurance can offer sound advice to their customers who own businesses in the Buena Vista, VA area. If you have questions about the amount of liability coverage you have for your business, contact the office today for a complete evaluation of all of your policies. They will help you determine if you are adequately covered or need to increase the amount of your policy.

What parts of my business can I insure?

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There are always some risks involved in running a business, but there are ways to protect yourself and your investment. At Stonewall Grace Insurance, we want to make sure that you have the coverage you need so you can move on after accidents or other losses. When you obtain Commercial Insurance, you can protect the parts of the business you have.

Your physical building is probably the most valuable part of your business, and you can obtain Property Insurance to cover damages that occur as a result of an accident, whether or even deliberate acts. General Liability Insurance can protect your business in the event of a lawsuit, such as if there is an accident on your property or if one of your products injures someone.

Professional Liability Insurance, sometimes called Errors and Omissions Insurance, protects your company when clients accuse you of negligence or injury as a result of professional services or advice. Many employers in Virginia are required to carry  Worker’s Compensation Insurance to make sure their own employees are protected if they are injured at work.

Also, if your business requires employees to drive company cars, you should have a Commercial Automobile Insurance policy. When someone is driving as an employee, the employer will often be held responsible. That could cost your company a great deal of money if you were depending on the employee’s insurance for coverage.

Don’t forget that if you have additional needs or need a higher rate of coverage, you can obtain umbrella policies to make up the difference.  If you depend on your business in Buena Vista, VA and want to make sure it’s protected, our representatives at Stonewall Grace Insurance would help you find the policy that best fills your needs.

Do I need a Malpractice Insurance for my Business in Virginia?

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Malpractice insurance is a coverage designed for professionals like lawyers and doctors, as well as their businesses. It protects against damages, loss or expenses that occur due to errors or negligence committed by the insured while offering professional services.

This kind of insurance will cover faulty services (errors) or your failure to offer a service altogether (omission). When you get this plan from Stonewall Grace Insurance, your business will be protected from liability associated with medical expense, bodily injury, and property damage, including the costs of defending lawsuits that relate to these claims. Like with other liability insurance plans, the premiums are determined by the professional service you are providing and its level of risk.

Why do you need malpractice insurance for your company in Buena Vista, Virginia?

You need to get this coverage if you and your workers:

  • Interact face to face with clients. Do they visit you for general checkup or consultation? Do you attend your customer at their place of work, particularly when there is an emergency case?
  • Represent your customer’s business.
  • Are required to get liability insurance before you can get a contract.

Additional liability coverage

As a business owner, it’s important to get supplemental insurance coverage to protect your company. Depending on your needs, consider getting these other policies:

  • Business Owners Policy (BOP)

This policy will include general liability as mentioned earlier, but also covers your financial assets. It acts as a two-in-one plan that gives you more options to protect your business.

  • Commercial insurance

This plan offers insurance coverage for your general business and may even cover vehicles and other assets.

Do you have any specific questions or you need an expert who can guide you to get the right coverage in Buena Vista, VA? Stonewall Grace Insurance is here to help. Our knowledgeable and friendly agents will answer all your queries and help you make an informed decision to protect your business.

Picking Whole Life vs Term Life Insurance

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Anyone that has people that depend on them needs to have an adequate amount of life insurance. For those that are no Buena Vista, VA area, choosing the right life insurance policy is a big decision. Before being able to develop a policy, consumers first need to understand the different types of options. The two most common life insurance options today are term life and whole life insurance.

Term Life Insurance Overview

Term life insurance is a type of life insurance that provides you with a specific amount of insurance protection for a specific period of time, which typically ranges up to 30 years.  With a term life insurance policy, the beneficiary will only receive the benefit in the even that you pass away and the policy does not accumulate any cash value.  Because of this, term life insurance typically far more affordable on a monthly basis than the whole life option.  The cost of the policy will depend on many factors including the health and age of the insured and the length of the policy.

Whole Life Insurance Overview

The other common type of life insurance is whole life insurance. Whole life insurance provides you with coverage for life. The main difference between whole life and term life insurance is that with whole life your monthly payments will build a cash value over time. This cash value will continue to accumulate and could eventually be liquidated during your life. While there is an additional investment benefit for whole life insurance, the monthly payments tend to be much higher than with term Life policies.

When you are shopping for life insurance, a great place to start would be with Stonewall Grace Insurance. Stonewall Grace insurance is a leading life insurance provider that serves clients in the Buena Vista, VA area. This company will be able to help you determine what type of life insurance is best for you and start the process of helping you get covered today.

Health Insurance Options in Buena Vista, VA

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Health insurance in Virginia includes many opportunities for individuals and families. Buena Vista, VA residents who do not have access to health care under an employer plan can enroll in the private marketplace or the federal exchange. Eligible residents can apply for Medicaid and CHIP (for children). Ask your Stonewall Grace Insurance for help with your options and making final decisions on what plan works for you.

Virginia and the Affordable Care Act

The Affordable Care Act requires most Americans to purchase a health insurance plan. Buena Vista VA falls under the Virginia decision to participate in the federal marketplace for these services. When you sign up for ACA-compliant health care through the health insurance exchange, you are eligible for financial assistance, based on income that partially offsets your monthly premiums.

Only these marketplace plans are used to determine the ACA tax credits and cost-sharing subsidy available to you. However, both individuals and families can apply to the marketplace.  Your Stonewall Grace Insurance is available to assist you in the process.

SHOP (for Small Businesses)

In Buena Vista, VA, the Small Business Health Options Program (SHOP) allows employers with less than 50 full-time employees to present their associates with healthcare benefits.

Medicaid Expansion in Virginia

Virginia no longer offers expanded Medicaid to single, low-income adults. So, Buena Vista, VA residents applying for Medicaid must the more stringent requirements set by the state.

CHIP

Virginia’s Children’s Health Insurance Program (CHIP) has low-cost health insurance plans for eligible children.

Contact your Stonewall Grace Insurance agent with questions regarding health care options that meet the needs of you and your family.