Life insurance is one of those things that, unless you are in the insurance business, you probably have little or no knowledge about. That is true for most people. In spite of that, it is something that you need to think about sooner rather than later. In the greater Richmond, VA community, Bacon Insurance Group is your local independent insurance agent. Our team will work with you to make sure you have the right kind and amount of life insurance.
Life insurance FAQs
When should I buy my first life insurance policy?
The simple truth is, before you need it. The reality is that when you are healthy and young, you will get the most choices and the best rates. It is a good idea to start with a whole life policy that will last for your entire life. At this point a term policy might run out while you still need it,
Do I need my own life insurance if I get some from work?
Yes, you do. What if you change jobs, and chances are pretty good that you will. Can you take your life insurance with you? Is it at the best rate you could get for a similar policy and is it the amount you need? You need to be in control of your life insurance.
Can I pick anyone to be my beneficiary?
Yes, you can. Be aware, however, that if you choose a child, they will need to reach their legal age before they are able to access the money.
Is there such a thing as too much life insurance?
If you are struggling to pay your premiums, then yes, maybe you have too much life insurance or, at the very least, the wrong kind. Sit down with your independent insurance agent to discuss your concerns.
In Richmond, VA contact Bacon Insurance Group to discuss what your life insurance needs are.
The cost of your auto insurance has a significant impact on your overall cost of car ownership. Therefore, it’s no surprise that many car owners in Richmond, VA, are looking to keep their car insurance rates at the minimum level. Here are factors that can increase or lower your car insurance rates.
1. Your Age
Auto insurancers typically view younger drivers, especially those in their teens and early 20s, as a more considerable risk and more expensive to insure and charge them higher insurance rates. This is because younger drivers are less experienced. Older drivers – those above 50 years old – have more affordable insurance rates.
2. Driver’s History
Car insurance companies consider a driver’s past as a reliable predictor of their future. Therefore, if your driving history is full of DUIs, speeding tickets, and reckless driving charges, they assume you will have more of those in the future and charge you higher auto insurance rates. However, your rates will be much lower if you have a clean driving history. This is why at Bacon Insurance Group, we advise drivers to do their best to abide by traffic laws and regulations.
3. Your Credit Score
According to reliable data, drivers with a poor credit score file more claims compared to drivers with a good credit score. Thus, if your credit score is poor, your car insurance rates will be higher, and if it’s good, you will have lower rates.
4. Annual Mileage
The more miles you accumulate on your car, the more likely you will get involved in an accident. As a result, auto insurance providers usually charge higher rates to drivers with higher annual mileage than those with lower annual mileage.
Are you looking for a reputable auto insurance provider to insure your car in Richmond, VA? Contact us at Bacon Insurance Group, and our friendly auto insurance professionals will help you figure your car insurance out. Call us today.
You have invested a lot of time, energy, and money in your business. In order to protect these investments, you need to understand how to avoid some of the most common types of risks. At Bacon Insurance Group, serving Richmond, VA, we can help you protect your company with the right insurance information and products. Let’s look at some tips to help your business.
How To Avoid Small Business Risks
Stay Properly Insured
The most important step you can take to protect your business is to find a solid commercial insurance policy to suit your needs. Each business will be different, which is why it is imperative that you sit down with a knowledgeable insurance representative to talk about your particular needs. A commercial policy will cover many of the riskiest areas of your business to ensure that you are not put into a vulnerable financial position if something goes wrong.
Train Employees Thoroughly
If you want to avoid employee injuries and liability cases, make sure you invest time in thoroughly training your employees. A lack of training will leave employees vulnerable to injuries. A lack of training could also result in your employees mishandling products, putting customers at risk.
Although you may be tempted to cut corners when it comes to safety, this can really cost a business a lot of money and trouble should something go wrong. Be sure you prioritize safety at your place of business, when your employees use company vehicles, and anytime they interact with customers.
If you would like to learn more about commercial insurance, or any of our other insurance products, please contact us at Bacon Insurance Group, serving Richmond, VA, and surrounding communities.
Buying a new home brings with it a feeling of excitement and accomplishment. Now that you have gotten through the difficult part of purchasing your house, you will want to take the proper steps to protect it. At Bacon Insurance Group, serving Richmond, VA, we can help by providing you with the information and insurance products you need. Keep reading to learn how you can protect your new home.
Solid Homeowner’s Insurance
Homeowner’s insurance is a must if you have a mortgage on your new home, but you need to take the time to shop around for the best policy that will adequately cover your home. Be sure to read your policy carefully and discuss any questions you have with an insurance representative.
You may feel like you have already spent a lot of money on getting your new home, but investing in security is essential to the long-term safety of your home. Quality security systems are far more affordable today than they were in the past. The money you spend on this investment is well worth the peace of mind it will provide for you.
It is essential to establish safety rules for your home as well. If you have children or teens in your home, this is a must. Be sure to sit down as a family to discuss the safety rules for your homes and how these rules should apply to everyone. Make sure you have established rules about using fire, the pool (if you have one), and visitors.
It is also good to create a closing routine for your house every night. This will include that you will lock up every night and establish a time that all housemates should be in.
If you would like to learn more about our services, don’t hesitate to contact us at Bacon Insurance Group, serving Richmond, VA.