When you own a car in Warwick, RI, you need auto insurance. First of all, it’s mandatory to have the minimum to register your car (although we recommend full coverage), however, if you have an auto loan on your vehicle the bank will require full coverage to protect their investment. If you’re buying auto insurance for the first time or want to upgrade or renew a policy, our team at The Slocum Agency Inc. has put together a list of three tips to help you get started. Read on to learn more.
1. Work with a Reputable Agent
When you go off into the world to buy auto insurance, you’ll want a reputable insurance agent by your side. Our agents are friendly and available to answer all your questions and concerns. They’ll ask you a few questions to determine what kind of policies you need to look at and then help guide you in making a decision. But there’s no rush. Take as much time as you need.
2. Compare Insurance Quotes
It’s always a good idea to compare two or more auto insurance quotes to make sure you’re choosing the right policy. Your reputable agent can assist you in going over each policy in detail, comparing cost and coverage. Once you’ve chosen a policy, you can move on to the next step.
3. Bundle Your Auto Insurance Policy
Chances are you already have one or more insurance policies, such as life or home. For savings on your premiums, consider bundling all your policies under one insurance carrier. This is an easy way to save. Also, ask your reputable agent about other ways you can save on auto insurance.
To learn more about purchasing an auto insurance policy in Warwick, RI, contact the team The Slocum Agency Inc., serving this area, today.
Having a proper personal insurance plan is extremely important for anyone in the Warwick, RI area. If you are looking to improve your personal insurance situation, one important form of insurance coverage to get is life insurance. There are several reasons why you need to get a quality life insurance policy in place.
Life Insurance Provides Protection to Dependants
One of the reasons that you should get life insurance is that it can provide protection to your dependants. Anyone that has people that rely on their income needs to make sure that they have a plan set up for their dependants if they were to pass away unexpectedly. One great way to do this is by getting life insurance. When you get life insurance, you can build a policy that can help to replace your income or pay for major expenses that your dependants could incur in the future.
Life Insurance Offers Investment Benefits
Another reason that you should get a life insurance policy is that it could provide you with investment benefits. One popular form of life insurance to get is a whole life insurance policy. When you get whole life coverage, a portion of your monthly payment will go into an account that will accrue in value as time goes by. Eventually, you can liquidate this asset or even use it as collateral for a loan.
There are several reasons why someone in the Warwick, RI area should get life insurance. As you are looking for this insurance coverage, you may find that choosing a policy is complicated. To make it easier, you should reach out to the team at The Slocum Agency Inc. When you call The Slocum Agency Inc. you can learn a lot more about how this insurance can protect you and your different options.
States can differ significantly in terms of their requirements, offerings, and costs for auto and motorcycle insurance. If you are looking for auto or motorcycle insurance in Warwick, RI, it’s a good idea to familiarize yourself with your state’s requirements for coverage. We can provide you with information on auto and motorcycle insurance policies at The Slocum Agency Inc.
The following are three things to know about auto and motorcycle insurance in Rhode Island.
You’re required to carry bodily injury and property damage liability coverage.
As in most states, there are bodily injury and property damage liability coverage requirements in Rhode Island. In Rhode Island, you need to carry a total of at least $50,000 in bodily injury liability coverage. You are also required to carry at least $25,000 of property damage liability coverage per accident.
You are required to purchase uninsured motorist coverage.
Rhode Island is a state that requires auto insurance policyholders to purchase uninsured motorist coverage. The state requires at least $50,000 total in uninsured motorist coverage per accident.
You can receive a fine or be punished with a license suspension for not meeting requirements.
You can face significant consequences for failing to meet any of the above-mentioned requirements.
You will be expected to present evidence of your insurance coverage if you are pulled over by a police officer on Rhode Island roads. You can be cited for not carrying adequate insurance coverage.
Penalties for not meeting insurance requirements can lead to a fine of $500. You might also face a suspension of your driving privileges for a period of three months.
Find an insurance policy in Rhode Island with our help at The Slocum Agency Inc. Contact us if you have questions on your auto and motorcycle insurance options in Warwick, RI.
Maybe you have heard of the term commercial insurance. If you have a business in Warwick, RI, then you should definitely be familiar with this term. Commercial insurance, also known as business insurance, is a type of insurance that protects businesses from loss. This could be to protect employees, equipment, or the business in general. Learn more about commercial insurance and what it covers with the Slocum Agency, Inc.
What Does Commercial Insurance Cover?
Commercial insurance can cover anything that could potentially damage your business, both physically and by reputation. Here are some areas of which commercial insurance provides coverage:
- Property Damage: This would be if any damage was sustained to any physical property of the business, like the building or any equipment.
- Liability: This would be if any damage was done to the property or persons of another business or entity. This protects your business from being damaged by those repercussions.
- Worker’s Compensation: This is one of the more common areas of commercial insurance. This protects workers in the case that they are injured while on the job and on the business property.
To know more about how what kind of coverage you can receive with commercial insurance, visit the Slocum Agency, Inc. in Warwick, RI.
Why Get Commercial Insurance?
If you own a business, big or small, commercial insurance is a must. It’s vital to protect your employees and equipment as they are the bloodline of what keeps your business going. Just you like you would want protection on your home or car, you need to protect your business. Commercial insurance offers the kind of protection to keep your business safe in the worst situations.
Get Covered with the Slocum Agency, Inc.
To help keep your business in Warwick, RI going, visit the experts at the Slocum Agency, Inc. to get all the coverage you need. You can contact us online today!
As a resident of Warwick, RI, you have different insurance options. One of the insurance coverage options is home insurance. Being a resident of Rhode Island, you do not have to have an active home insurance policy, but it’s a good idea to have it for many reasons. Here’s a detailed look at home insurance and its benefits.
Why Is Home Insurance a Necessity?
You might be wondering why you need home insurance if it’s not required by law like other insurances. Home insurance provides homeowners with a variety of benefits, especially in the event of mishaps and accidents. If you have an active mortgage, the lender may require you to have an active home insurance policy until you pay off your mortgage.
This type of insurance is a necessity because it protects your home from accidents, such as your home becoming a loss due to a fire or other instances, such as a tornado or hurricane. Home insurance also protects dwellings that are not attached to your home, including sheds and garages. Your home insurance policy can cover the items in your home, such as furniture, appliances, electronics, and similar items.
Having liability coverage is priceless because it can save you tons of money and help if someone is injured on your property. If you are held liable for injuries that occur in your home, you could be facing expensive medical bills. Having an active home insurance policy helps with covering those medical expenses.
Let the Professionals Help
Here at The Slocum Agency Inc., we are here to help you find the most reasonable insurance solution for your unique insurance needs. Contact us now so we can discuss your insurance options in full detail and help you make a decision. We look forward to assisting you.
Owning a classic car is something that a lot of people in the Warwick, RI area would love to do. At the same time, being a classic car owner can also be a great form of investment. While there are plenty of advantages that go along with classic car ownership, it is also important that you carefully consider all of your responsibilities. One thing that you will have to do is get an appropriate insurance policy. There are many benefits that come when you get classic car insurance.
Personalized Liability Insurance Coverage
One of the benefits of classic car insurance is that you can receive personalized liability insurance. Having liability insurance is required if you ever drive your car. However, classic car owners likely drive their cars very infrequently. When you go for this form of insurance, the insurance company will take your mileage driven into consideration. Often times, this will result in lower insurance bills.
Agreed Upon Value Coverage
Coming up with the value of a classic car can be complicated. To ensure that the value of your classic car is appropriately considered, the process of getting a classic car insurance policy will include working with the insurance company to determine a fair value. This will ensure you get a fair level of coverage that both you and the insurance company are comfortable with.
Choosing classic car insurance in the Warwick, RI area is an important decision. To ensure that you get a good insurance policy for your situation, you should contact The Slocum Agency, Inc. When you work with The Slocum Agency, Inc., the insurance team will provide you with the guidance and support that you need to choose a quality insurance policy that meets the coverage needs of your vehicle.
There are numerous reasons why it’s always a good idea for Warwick, RI boat owners to carry boat insurance coverage. At The Slocum Agency Inc., boat insurance is one of the numerous insurance products we offer.
The following are three of the most important reasons why you need boat insurance.
You can meet insurance coverage requirements that your lender set forth as part of your boat loan.
If you used a lender to finance the purchase of a boat, chances are pretty high that you’ll be required to purchase boat insurance coverage.
Boat insurance coverage ensures that any damage to a boat will be paid for by the insurance provider. This is important for lenders because the boat itself is securing the loan until the loan is paid back. Only when the loan is paid off do you as the borrower get full ownership rights of your boat.
You can protect the investment you make in purchasing your boat.
A boat is an expensive piece of equipment. If you don’t insure your boat, you won’t be compensated at all if it gets destroyed in an accident. This means that you’ll lose all the money you’ve put into your boat.
If you purchase insurance coverage for your boat, you won’t risk losing everything you’ve invested in your boat in the event of a severe accident.
You can prevent yourself from going into debt as a result of a boating accident.
If you’re determined to be at fault in a boating accident, it could cost you a great deal of money. Liability coverage on your boat insurance policy will cover any resulting expenses so that you can enjoy boating without taking any financial risks.
At The Slocum Agency Inc., we’re here to provide insurance coverage to boat owners in Warwick, RI. Contact us to learn more about our boat insurance policies.
When you’re looking for protection and security, there are a lot of different things to consider. One of the ways you can get more security and peace of mind is through an umbrella insurance policy. This kind of policy is designed to add to the coverage you already have and increase the maximum benefit you can receive in the event of a covered incident. While this type of policy isn’t for everyone, there are more reasons to consider it than you might think. At The Slocum Agency Inc., we offer all our Warwick, RI area customers the opportunity for umbrella coverage, and are happy to answer questions about whether it’s right for them.
If you’re not sure whether an umbrella policy would be right for you, our agents can discuss your specific needs and situation. These kinds of policies aren’t just for business owners, celebrities, or people with a very high level of assets. They can also be good choices for others who want or need additional coverage. No matter what specific situation you have in your life, our trained professionals are dedicated to helping you find what’s going to work best for you and give you proper protection. When standard policies just aren’t enough, an umbrella policy may be exactly what you need for the level of security you’re looking for in life.
If you’re in the Warwick, RI area, The Slocum Agency Inc. can help you get the umbrella insurance policy that fits your situation. Not only will that give you more protection and peace of mind, but it can also help your family feel more secure, too. You don’t have to settle for lower levels of coverage. Reach out to us today, and let’s talk about the insurance policy that’s going to provide extra, added protection, and the security you want and need for all your important assets.
Living in the Warwick, RI area can be a great option for a lot of people. When you are here, you are going to have access to many different local amenities and a good economy. When you are going to live in the Warwick area, it is important that you properly insure your home. One form of insurance that may be beneficial is flood insurance. There are several situations when having flood insurance could be a necessity.
One situation when you are going to need to have flood insurance is if it is required by your lender. If you are in a high-risk zone, as determined by FEMA, your lender will almost always require that you have your home insured with flood insurance. Usually, you will also have to escrow for your payments monthly to ensure coverage does not lapse.
Flood Not Covered by Home Insurance
You may also need to get flood insurance if the flood damage is not covered by your home insurance. If you are concerned about the risk of flood, even if you are in a low-risk area, you should check to see if it is covered by your home insurance policy. If that coverage is limited, you should still consider getting more flood insurance.
If you are in the market for a flood insurance policy, it is a good idea to speak with someone that is experienced in helping those in the Warwick, RI area to get proper insurance. One great company to reach out to in this situation is The Slocum Agency Inc. At The Slocum Agency Inc., the team of insurance professionals can help you to identify your personal risks and determine if flood insurance is necessary. If it is, they can then get you into a policy that provides the right coverage and gives you peace of mind.
Life insurance isn’t always the most colorful thing to think about. For starters, it can be a complicated issue, and there are a lot of pieces to the life insurance puzzle. Secondly, many young people, which we’ll define as people under 50 years old, don’t even give life insurance a second thought. A lot of us think we should only consider purchasing life insurance when we become older. However, if you’re under 50, having life insurance can pay off.
Not all life insurance is created equal, so it’s important to know what types of life insurance will suit your specific needs. It may not be beneficial for a 25-year-old to have the same life insurance as a 75-year-old. Here at The Slocum Agency, Inc.in Warwick, RI, we want to help you explore the best options. Let’s take a look at some of the best life insurance policies for people under 50.
- Permanent Life Insurance – Permanent life insurance offers more than just a death benefit that all other life insurance policies offer. Permanent life insurance offers the potential for an incredibly high cash value. This is achieved by the cash value on these policies accumulating over time. The advantage younger people have with this kind of policy is that they have more time to let the value accumulate than older people.
- Term Life Insurance – Term life insurance only provides coverage for a set amount of time or term. Term life insurance pays a death benefit to your beneficiaries if you die before the term. Most term life insurance policies typically only cover a range of 10-30 years, so this may not be the most suitable for someone in their 20’s or 30’s. However, the biggest attraction younger people have to term life insurance is the lower premiums, and when you’re just starting out, lower insurance costs can go a long way.
We here at The Slocum Agency, Inc. in Warwick, RI hope this was helpful as you plan your journey into the world of life insurance. Remember that just because you’re young doesn’t mean you should overlook the benefits of life insurance. Because there are so many options you’ll want to make sure you pick the right kind of coverage that fits your needs and circumstance.