Does Your Commercial Insurance Policy Reflect the Current Value of Your Business?

Commercial insurance policies need to be reviewed on a regular basis, but unfortunately, this task is one that often slips through the cracks. When you start your business and reviewed your assets with your insurance provider your coverage was likely determined at that value level. As your business has grown, it has likely increased in value. Now is a good time to make sure that your insurance coverage has kept pace with the value of your business. The team at Bob Korvas Agency Inc. can work with you to review your current coverage and ensure that it is at the appropriate level to protect your Niles, IL area business. 

Commercial insurance needs change with time

The level of insurance that may have been appropriate a year or two ago may not be the right amount of coverage to meet your current needs. As your business grows, it is important to make sure that your insurance coverage grows with it. Whether you need more or less coverage, a regular review of your commercial insurance policy is a good idea. Equipment that depreciates will change the valuation of your business but the cost of replacement may not be accurately reflected in your coverage. The same holds true for fluctuations in property and land that are not always considered when determining the correct level of insurance coverage. Anyone is concerned about protecting their business as well as their own personal assets owes it to themselves to make sure that their policy provides sufficient commercial coverage.

Are you ready to review your comprehensive commercial policy to make sure that it provides the level of protection necessary to protect your Niles, IL area business? Contact the helpful team at Bob Korvas Agency Inc. 

 

Motorcycle Maintenance Tips

If you live and own a motorcycle in the Niles, IL area, you know the importance of motorcycle maintenance for safety and to keep your bike running for many miles to come.  The most challenging part of motorcycle maintenance is knowing what to check and when.  The owner’s manual will provide you with a specific maintenance schedule, but to keep your bike running optimally regular checks in between will help spot warning signs of significant issues.

A Basic Check Includes:

  • Monitoring fluid levels – engine and transmission oil, clutch and brake fluids to top off or for signs of leaks
  • Lights and horn operation
  • Tire condition – tread wear and pressure, low pressure can lead to poor handling
  • Be sure the chain is lubricated and correctly adjusted
  • Control operation – clutch and brake levers, gear shift, switches, and mirrors so they are all adjusted as needed and comfortable to use
  • Adjust mirrors to reduce blind spots and provide the rider with the optimal field of vision to both the sides and the rear
  • Check any luggage racks, top-box, bags or panniers to make sure they are secure and not rubbing on any of the bike’s moving parts.

As your motorcycle ages, it may need extra repairs at maintenance time.  Be sure any items requiring repair or attention are taken care of sooner rather than later to keep your bike running properly and your rides safe.

Bob Korvas Agency Inc.

In Niles, IL, the Bob Korvas Agency Inc. helps customers find better motorcycle insurance coverage at the best possible price.  Get the motorcycle insurance policy you need at a price that doesn’t make you sorry for owning a motorcycle.  Call a Bob Korvas agent today to start exploring an insurance policy that best suits your motorcycle use needs. 

Protecting yourself from big judgments

Most people have liability insurance on their home and automobile, but these are usually limited in the amount they will pay. An umbrella policy will cover you for anything that goes over those limits. If you had a major catastrophe, the damages could get into the millions and that could wipe out your savings and leave you in debt. The Bob Korvas Agency Inc. in Niles, IL suggests having an umbrella policy especially if you have a lot of assets to protect. 

There are huge judgments awarded against corporations at times. The Liebeck vs. McDonald’s is a famous case where a woman sued and was awarded $2.7 million because she was burned by hot coffee.  In 2017 an Alabama man was awarded $7.5 million after taking a bad fall at Walmart. A Pennsylvania man was awarded $4 million after an injury left him blind at a local business. In another case, a student in Pennsylvania was awarded $11 million after a fall left her paralyzed.

Automobile accidents can also get very costly. The most expensive car wreck in history was in 2011 in Japan, where a 14-car pile up caused $3.85 million.

 You may never face a lawsuit for that much, but even a judgment of a few hundred thousand dollars would wipe out many people’s life savings. You could get in a car accident and easily have more than the liability your insurance will cover. An umbrella policy would protect you in those cases.

These types of losses are rare so the policy does not cost much. Contact the Bob Korvas Agency Inc. in Niles, IL today to make sure you are covered. Protect yourself and your assets from catastrophic losses. Contact us by phone or online to get more information about umbrella insurance policies. 

What is Dental Insurance

Our teeth are an integral part of our health and dental insurance is essential to help keep teeth healthy and to keep the cost of caring for them down. For those that live in the Niles, IL area, the agents with Bob Korvas Agency Inc. can help you to find out more about dental insurance and what type of coverage you may need.

Dental insurance, much like health insurance, is put in place to help bring down the cost of dental care. In most cases, the dental insurance that you choose is going to have a list of coverages that tell you just how much the policy will help pay for any particular dental service. Most insurances offer so many free cleanings per year and will pay a percentage of different dental procedures. A good example is how some policies will pay for 80% of the cost of a filling for example or 50% of a crown. Each dental insurance policy is going to be a bit different and some may even dictate which offices you can visit and which doctors can perform the dental procedures you need to have completed which makes reading your policy in full very important.

It is important when you take any policy out that you take the time to figure out how much the policy is going to cover and how much you will end up having to pay on your own. Some employers do offer dental insurance as part of their insurance package to help their employees stay happy and healthy. For those that live in the Niles, IL area, the agents with Bob Korvas Agency Inc. can help you to learn more about dental insurance, what coverages you might need, and what type of policy is going to work best for your particular needs.  

Dealing with the Winter Blues

The winter can bring the blues. Often, we find ourselves stuck inside the house as the temperature drops and the snow falls. This isolation can easily bring on the winter blues. To get yourself out of this rut, there are a few things you can start doing today. Read on to learn how to break the winter blues for good this season.

Get out of the House

Isolation can feel impossible to break sometimes, but it’s easier than you think. You just need to take that first step. Call a friend and meet for lunch, set up a playdate with another parent and their children, visit a relative, go shopping, or take a friend to the movies. Once you’re out of the house, you’ll begin to feel much better and it will be easier to get out of the house again the next day.

Take a Vacation

Miss the sun? There are plenty of states where the sun is still shining all winter. Consider taking a vacation to a place like Florida, California, Lousiana, Arizona, or another perpetually sunny place. Once the warmth and light hit your skin, you’re sure to feel much better and get recharged to face the rest of the winter season in Niles IL.

Exercise

While hot chocolate and a day spent watching TV may sound like the best remedy for the winter blues, exercise is actually one of the best ways to improve your overall health and mood. Consider joining a gym, making it a point to go for a walk every day, or taking a spin class or yoga class. Whatever way you choose to exercise, getting your heart pumping and oxygen flowing throughout your body will make you feel so much better.

Purchase Health Insurance

If you’re feeling down during the winter season in Niles, IL, you may need to consult your doctor. Do you have health insurance? If not, now is a good time to start looking for health insurance with the help of a reputable agency like Bob Korvas Agency Inc. These agents will help you find the right coverage at the right price for your health insurance needs. The team at Bob Korvas Agency Inc. is available to take your call today.

 

Common reasons why everyone needs life insurance

A reality of aging and changing responsibilities is the need to plan for the future. Much like writing a will or transferring property to family members, life insurance has become an important part of end of life planning, which is just as important as any traditional legal documentation that handles property and assets after death. Life insurance is also a good idea for those who are younger and may be concerned about protecting their families in the event of an emergency. Here are some common uses of life insurance. 

1. The amounts needed for proper coverage may be significant. The amounts needed to provide adequate life insurance may be several times a worker’s annual salary, which most other forms of coverage do not allow. To reach this amount, life insurance is often a better option than relying on means such as savings and investments.

2. It gets more expensive as you age. Those who wait until they are into their fifth decade or later before purchasing coverage for their first time may find that the rates are way beyond what they would have paid by getting rates just ten or fifteen years earlier.   

3. For family protection. Having one spouse or family members who are suddenly responsible for your mortgage and children can be a much larger financial burden than expected. Expenses are likely to be very high during this transition period, and not having life insurance can cause severe disruptions.  

Bob Korvas Agency Inc. serving Niles, IL has extensive experience with life insurance and can discuss these issues with you further. For those who live in Niles, IL and the surrounding areas, Bob Korvas Agency Inc. is the best option to provide you with assistance and local knowledge of state insurance laws.  

Protect Your Business With Commercial Insurance

You have put all kinds of time, energy, and money into your business. It isn’t just your personal livelihood but that of all your employees. Due to this, should anything happen to it you and all your workers might be completely out of work, not to mention you can be out of a sizable investment. If you run your business in or around Niles, IL, it is important to protect your business with commercial insurance. Bob Korvas Agency Inc. can help you find the right coverage for your professional needs. 

Damage To Your Property

Even if you rent out the property itself the valuables inside the business are not protected by the owner’s insurance. So whether you have valuables machines inside the storefront or merchandise was stolen or damaged, you can protect yourself from unnecessary expenses with the help of commercial insurance. 

Worker’s Compensation

If someone is injured while at work it is your responsibility to help pay for the medical bills and other expenses (as long as they were injured doing their regular work and not from a non-work related issue). Worker’s compensation will help you pay for this. You shouldn’t have to pay for the medical bills out of pocket, as this will become expensive. Worker’s compensation is there to help you and your workers every step of the way. 

The right commercial insurance will protect your business in any number of ways. It will help pay for worker’s compensation while also giving you money if your business is robbed, broken into or damaged in any way. You’ve put all kinds of money, time, and energy into your business. You also need to protect it. If your business is is or around Niles, IL, the Bob Korvas Agency Inc. is here to help. 

Motorcycle Safety in Winter Weather and Motorcycle Insurance in Niles, IL – What You Need To Know for 2019

At Bob Korvas Agency Inc. we understand that motorcycle rider are passionate about riding in all weather conditions. While many people ride less often in the darker, colder months, or stow their bikes altogether, it is still of the utmost importance to maintain upkeep on your cycle.

With winter weather officially upon us, winterize your bike.

  •  Steps, notes on how-to. (Fluids, battery, tires, etc)
  •  Winter riding items for warmth and safety. (Suits, boots, gloves, warming gear, tire warmers, windscreens, etc)

Be aware of current weather and road conditions around Niles IL Cold, damp roads, as well as de-icers and salt on the street, alter the texture of the roads you ride on every day. Consider an alternate route if one is available.

And as always, make sure your insurance is up to date! Your cycle is a valuable investment, and your safety is essential. Both are important to us. Call Bob Korvas Agency Inc. and speak to a member of our team. We will help you and your cycle stay protected so you can enjoy this winter.

With another new year just around the corner, now is a great time to (update your policy, shop for a new policy).

  •  Information about motorcycle insurance throughout IL. (Current requirements, averages)
  •  Niles IL laws (New and old – what’s changing)
  •  Expected increases (How much, why, and when)

Let Bob Korvas Agency Inc. help you start 2019 off right: make it your New Year’s resolution to make sure your motorcycle insurance policy is up to date. Call today and speak with one of our representatives. Together we’ll keep you tuned in to all your current insurance needs!

What Is Umbrella Insurance And How Much Do You Need? Find Out Here!

There was a time when homeowners’ insurance and an auto indemnity plan was enough to protect you from financial ruin. Standard assurance policies in this day and age, however, may not be enough to keep you covered when accidents occur in Niles, IL. Bob Korvas Agency Inc. can help you find the right umbrella insurance plan so that you are fully protected when tragedy strikes. 

What is umbrella insurance?

You can consider umbrella insurance as your safety net when your standard assurance policies fall short. This type of indemnity plan pays the difference when your auto or homeowners’ insurance policy limits are exhausted. 

Say, for example, you have a car accident that leads to more than $20,000 in property damage. Your policy limits, however, only guarantee $15,000 in payment for repairs. You are still responsible for the remaining $5,000 even if your insurance plan does not cover such amount. Umbrella assurance would help in this instance as a plan could pay for the additional expense. 

Does umbrella insurance have policy limits?

Just as with any other indemnity plan, umbrella insurance has its limits. The amount of extra coverage that you receive when you need it the most in Niles IL depends on the premium amount that you are willing to pay. You may not have the biggest safety net if you want to pay as little as possible every month. On the other hand, you may find your added protection to be endless if you opt to pay more in premium amounts. 

How much assurance do you need?

The amount of umbrella insurance that you need depends on your lifestyle. You may want to pay more if you have assets that can be taken in a lawsuit should your traditional assurance policy fall through. It may also be necessary to buy a more expensive assurance plan if you do not have thousands in the bank to pay if your policy limits are exhausted. 

Bob Korvas Agency Inc. can help you determine the umbrella insurance plan that fits you best. Contact them today for a quote!

What is Dental Insurance?

The world around us is constantly changing and healthcare is one of those things.  Laws and rules change almost constantly so it can be hard to know how things work.  We may assume that dental is covered under medical, but most of the time it is not.  Bob Korvas Agency Inc. wants you to understand so you can make an informed decision when purchasing insurance.

Dental Insurance

The Basics

Niles IL is a nice place to live, but life can be stressful if you don’t know your way around insurance.   There are options to choose from when selecting a dental policy and some give you more coverage than others. 

PPO

Preferred Provider Organizations tend to give more flexibility.  Dental PPOs typically offer a larger network of dentists, but it comes at a cost.  Monthly premiums run higher than other options available.

HMO

Health Maintenance Organizations provide limited coverage for a reduced cost.  Dental HMOs provide their members with a list of contracted providers and a primary dentist must then be selected.  If members see someone who is out of network insurance won’t pay.  Referrals to a specialist must be made by the primary dentist. 

Dental Indemnity

Dental Indemnity policies require the member to pay the dentist directly and then submit a form for reimbursement.  Disadvantages of this type of policy include long waits for reimbursement, but they have greater flexibility in selecting a dentist.

Dental Savings Plans

Dental Savings Plans are exactly that.  They are not dental insurance.  All they do is provide a discount for services to people who pay an annual membership fee.

Bob Korvas Agency Inc. knows that Niles, IL residents may still have questions so they can be reached by phone at 847-470-8830 or by email by going to their website and filling out the online form.