Understanding Life Insurance

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You hear people talk a lot about investments and protecting their investments. Few people consider their families an investment, though. You have invested a lot of time and money into your family to make sure they have a happy, secure life. What happens to that investment, however, if you pass away? Will your family still be able to maintain that security and happiness? Understanding how life insurance is a protection for this investment is crucial. At Commerce Insurance Agency, serving Commerce, GA, we know how vital it is to have a good understanding of insurance topics so that you can make the best insurance choices. Keep reading to learn more about life insurance. 

How Does Life Insurance Work?

A life insurance policy is a type of insurance you purchase for your family’s benefit if you pass away. If you have a spouse and children or dependents who rely on your income, their lives will be drastically changed financially after you die. The life insurance policy is a financial tool you can use to ensure that your family’s financial needs can still be met after you are gone. 

You will make monthly payments on the life insurance policy while you are alive. Upon your passing, the policy’s value is paid to your family to help with your final expenses and help provide for your family’s needs. 

How Much Life Insurance Do I Need?

The answer to this question will vary greatly from family to family. How much life insurance you need will be based on what your family’s standard of living is. 

If you would like to learn more about life insurance, please call our friendly staff at Commerce Insurance Agency, serving Commerce, GA today. We will be glad to answer your questions. 

What First Time Home Buyers Need to Know About Home Insurance

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They say home is where the heart is. That may be true, but home is definitely where your biggest financial investment is. In fact, for most people, your house will be the biggest financial investment of your life. This is a good reason to make sure that your investment is properly protected and insured. At Commerce Insurance Agency, serving Commerce, GA, we take educating our clients very seriously. You can’t make good insurance choices without good information. Keep reading to find out what you need to know about our home owner’s insurance. 

Why Is Home Insurance So Important?

You will invest a lot of time and money into your house. In addition to financial investment, your house is also critical because it is your residence. If your home sustains damage due to fire, natural disaster, or burglary, you need to know that you can afford to repair or replace your home. Home insurance is there to give you this peace of mind. If your home is damaged, you will be able to bounce back financially, and you will have a roof over your head. 

What Does Home Insurance Cover?

Home insurance policies can be customized, but in general, they will cover a few general areas.

  • Property Damage – Property damage is any damage sustained to your home due to fire, a natural disaster, and even burglary. Your home insurance policy will pay for these repairs so that you are not left to pay these costs. 
  • Liability – Liability coverage is an important type of insurance to have if you are going to own property. If someone is injured at your home or on your property, liability coverage will pay for medical expenses or legal expenses that result from the injury. 

If you would like to learn more, please contact us at Commerce Insurance Agency, serving Commerce, GA.