When Should I Tell My Home Insurance Agent About My New Pets?

It’s never a bad idea to tell your home insurance agent about your new pet moving into your Mount Prospect, IL home. Not all pets will affect your relationship with your home insurance provider, but some will, and it’s better to be safe than sorry.

That said, the main concern here is dogs. Your home insurer probably doesn’t care about your hamster or your parrot, or any caged animal, for that matter. Cats are a fairly minor concern. But a dog can easily rack up thousands of dollars in liability with a single bite.

You will actually want to consult with your insurance provider before getting a new dog. Some insurance companies won’t actually cover certain breeds, and it’s better if you know that beforehand rather than wind up having your insurance policy canceled because you adopted the wrong breed.

We can debate the fairness of these policies, of course. But the fact is that insurance companies have to make the call based on statistical probability, and the statistics say that some breeds are involved in more dog bite cases than others. Your pit bull might be a sweetheart, but that proves to not be the case often enough that your insurer might prefer not to take the risk. Insurance companies have to operate on the cold, hard data they have available to them, rather than on a case-by-case basis.

If you have any questions or if you are looking to get covered in Mount Prospect, IL, call Com-Co Insurance Agency Inc or visit the Com-Co Insurance Agency Inc contact page to see about getting a policy that covers your home and all the four-legged friends who live there.

What is umbrella insurance?

Your renter’s insurance plan only goes so far in Mount Prospect, IL. You need protection that goes beyond the standard indemnity plan to ensure there is no loss to your personal property when the unimaginable happens. Com-Co Insurance Agency can help you understand the details about umbrella insurance so you can determine if it is right for your lifestyle. 

What is umbrella insurance?

Umbrella insurance is an indemnity plan that provides financial protection when the policy limits of your standard insurance have exhausted. You can use an umbrella insurance policy for personal losses as a renter, car owner, or homeowner. You must, however, have a standard indemnity plan to reap the benefits of this “safety net” policy in Mount Prospect, IL. 

How does umbrella insurance work?

Contrary to a standard indemnity plan, umbrella insurance does not go into action until after you have filed a claim and received compensation from your traditional insurance provider. An umbrella plan may then be used to cover the remaining costs associated with an incident that your standard policy limits left out. 

Who needs umbrella insurance?

There is no official law requiring you to purchase an umbrella insurance policy. Everyone, however, should consider buying such a plan. 

A car accident in Illinois can come with serious repercussions not limited to medical bills that can wipe out your bank account. A good umbrella insurance plan can soften the impact so that you can move forward after a traumatic event. 

Call Com-Co Insurance Agency Inc. 

Our agents are experienced and always eager to help you craft the indemnity policy that best satisfies your lifestyle preferences. Call us today to learn more about umbrella insurance and to get started with a quote for coverage!

What Mount Prospect IL home owners need to know about home insurance.

Mount Prospect, IL boosts friendly people and an abundance of living options offering a splendid environment to settle down. Whether you are a homeowner or choose to purchase a home in Mount Prospect, IL it’s vital to protect your home with a spectacular home insurance policy. Com-Co Insurance Agency Inc provides reliable and proper home insurance matching your needs and budget that cater to losses emanating from damage, water backup, theft, among other perils.

Mount Prospect, IL faces many challenges throughout the year, such as frozen pipes, snow, and ice dams, propagated by harsh winters. During the summer season, hail and thunderstorms can unexpectedly damage property. We at Com-Co Insurance Agency Inc comprehends the needs of Mount Prospect, IL homeowners and provides customized homeowners policy to fit your specific needs.

Statistics reveal that 15% of land in Illinois is subject to flooding. It’s imperative as a Mount Prospect, IL resident to know that home insurance does not cover damage arising from flooding. Visit us today at Com-Co Insurance Agency Inc offices situated at Mount Prospect, IL, and speak to our knowledgeable agents. They will help you to obtain an outstanding home insurance policy meeting your situation.

Types of necessary home insurance policies offered at Com-Co Insurance Agency Inc

Dwelling coverage: It protects the structure of your home, inclusive of floors, walls, ceilings, and in-built appliances. This policy is the basis of all homeowners insurance policies, which covers a variety of calamities, including vandalism, fire theft, and hail.

Contents coverage: It protects items, including clothing and furniture, in your home.

Personal liability: Covers property damage and bodily injury if a guest sustains an injury in your home or elsewhere.

Other structures insurance: This form of policy covers un-attached property to your home, such as an unattached garage, gazebo, or shed.

Congratulations on owning a home in Mount Prospect, IL. Contact us or visit our Com-Co Insurance Agency Inc offices for more information about home insurance.

Three things to do before you purchase condo insurance in Illinois

You need to invest in condo insurance to protect your property and belongings as a condo owner. We offer condo insurance in Mount Prospect, IL at Com-Co Insurace Agency Inc.

The following are three things to do before you purchase condo insurance in Illinois. 

Set a budget for condo insurance premiums

It’s important that you plan ahead when it comes to making your condo insurance premium payments. You’ll need to keep up with your payments or your policy may lapse.

You should figure out an amount that you can afford to pay for your condo insurance each month. Factor this amount into your budget and make sure that you keep up with payments after your policy starts. To avoid forgetting to pay your premium, see if you can set up automatic payments for added convenience. 

Figure out how much coverage you need

You need to decide upon a good coverage amount. You want to be covered for the full value of your condo. You also want to be covered for the value of the possessions you have in your condo. Discuss coverage amount options with the insurance provider you’re interested in purchasing a policy from. 

Get quotes on several policies

You shouldn’t purchase a policy until you have gotten numerous quotes that you can compare. Shopping around is the best way to get a good deal on a condo insurance policy. However, you shouldn’t simply opt for the policy that costs the least. Find the policy that provides the coverage you need as well as good value. 

We can help you find a condo insurance policy for your condo property in Mount Prospect, IL. Get in touch with us at Com-Co Insurance Agency Inc to learn more. 

3 Tips for Buying Auto Insurance in Mount Prospect, IL

Having auto insurance in Mount Prospect, IL is mandatory. But do you have the right coverage? To find out, contact the team at Com-Co Insurance Agency Inc. Here is what you can expect.

1. Working with a Reputable Agent

Our reputable agents will answer all your questions and concerns about auto insurance. We want you to purchase the best policy for the best price and we’ll help you find that policy. To do that, we’ll ask you a few questions to determine which policies to compare.

2. Comparing Several Quotes

Next, we will compare several auto insurance quotes. We will be looking specifically at cost and coverage. We recommend having full coverage versus the state’s minimum requirement, even if you don’t have a loan on your vehicle. It’s always better to be overinsured than underinsured, especially if you’re in an at-fault accident or the other at-fault driver doesn’t have enough insurance to cover damages and/or injuries. We also recommend comparing at least three different auto insurance quotes from three different carriers to get a general overview of what is out there before making your decision.

3. Bundling Your Policies

There’s a good chance you already have other insurance policies, such as life or home insurance. Did you know you can bundle these with your new auto insurance policy to save on your premiums? A reputable insurance agent from our team will help you get this done. You can either stick with the insurance company you already use or switch to a new one. 

To learn more about purchasing a new auto insurance policy in Mount Prospect, IL, contact the team at Com-Co Insurance Agency Inc, serving this area. We are available right now to take your call and start comparing quotes. 

Safety precautions every new Mount Prospect, IL driver should know.

Hitting the road for the first time as a driver can be exciting and adventurous. However, there are many other things to worry about, particularly your driving skills, insurance, and road safety. Every year, thousands of people lose their lives due to road accidents in Mount Prospect, IL, and across America. That is why Com-Co insurance Agency Inc emphasizes the value of paying attention to the road, whether you are an experienced driver or not. Here are a few road safety tips we thought you should know if you are a new driver.

Avoid road rage

Never take the driver seat when you are upset or angry. In such a state, you are not in good control of yourself, and you may speed or make irrational road decisions such as careless overtaking, which can lead to accidents. Negative emotions or over-excitement can affect your ability to focus. If you have to get somewhere in a bad mood, call a friend to drive, or take a break and cool off.

Check the weather

If you plan to visit a remote area, it is almost evident that the weather will come into play. Before you leave, check the updates and keep checking just in case the weather changes. Take with you extra supplies such as an emergency kit, water, food, blankets, and flashlights in case things change in the middle of your journey. Make sure your spare tire is in good condition, and if you are driving in foggy conditions, use fog lights.

Plan your itinerary

As a new driver, you have a lot to learn when it comes to driving across Mount Prospect, IL. You might need Google maps to help you get around. If you visit another country, search for road safety tips in that country and learn the laws along your route. Be cautious when driving over uneven terrain or hills. 

For more information about safety on the roads, feel free to contact us at Com-Co Insurance Agency Inc today.

Protecting Your Condo Investment with Condo Insurance

Your condo in Mount Prospect, IL probably represents your biggest investment. It makes sense to protect it with a condo insurance policy from Com-Co Insurance Agency Inc.

The state of Illinois does not require you to carry condo insurance, but your financial lending agency may require it. As you increase the equity in your condo, you may be allowed by them to lower your coverage, but it’s not recommended.

Your condo insurance policy provides protection for your structure, personal property, liability, and additional living expenses. Both your structural and personal property insurance covers you from losses from named perils. The term named-peril refers to a specific hazard such as fire or hail specifically enumerated in the policy. If a peril named in the policy happens and damages your condo or property inside your condo, the policy pays for the repairs to the structure or replacement of the personal property. Your policy may or may not include other structures coverage.

The liability coverage provides you financial protection if an individual incurs a physical injury on your property. It covers your attorney fees, court costs, settlement costs, and medical bills of the injured person if they sue you.

The additional living expenses component pays for you to stay in a hotel and for your meals if you need to stay in an alternate location while damage to your condo gets repaired.

It makes good sense to insure your condo in Mount Prospect, IL. Call or email Com-Co Insurance Agency Inc today to learn more about how condo insurance protects your financial future. We can help you design the perfect policy for you and your condo.

What Does Home Insurance Actually Do?

If you’re a homeowner, you may be wondering why you should have to shell out for home insurance on top of everything else you’ve already invested in your property. After all, a good house shouldn’t have any issues, right? Not quite — the truth is that many of the issues plaguing today’s homeowners are highly unpredictable, and they vary greatly both severity and type. That’s why our team at Com-Co Insurance Agency Inc helps homeowners across the Mount Prospect, IL area determine what their particular home coverage needs are, then pair them up with a policy that fits!

There’s No Room for Worry with the Right Home Insurance Coverage

Home insurance is all about preventing you from having to pay out-of-pocket for unforeseen circumstances. Whether it’s a natural disaster or damage caused by a visitor to your home, there are a lot of different things that the right home policy can cover. In fact, for many people, home insurance can mean the difference between surviving a damaging event and being able to keep your home, or having to end up in severe debt and leave.

It’s worth noting that while home insurance is not legally required by the local jurisdiction in most areas, many mortgage agreements do make it mandatory. This is simply because your mortgage lender also wants the worry-relief that comes with a good home coverage policy.

How Do I Get Matched Up with a Policy?

Our experienced agents at Com-Co Insurance Agency Inc will sit down with you to go over the details of your home (property size and amount of rooms, ownership terms, people living there, any potential hazards or risks, etc.) Then, they will ask you what, if any, your particular concerns are about your property, as well as anything in specific you are looking for in a policy.

Getting Started

Looking for home insurance coverage in the Mount Prospect, IL area, or simply want to learn more about your options? Our insurance professionals are here to help. Shoot us a message or give us a call today!

Understanding Umbrella Insurance

Many people understand the basic types of insurance available, auto, home, life, and health. What many people do not realize, though, is that sometimes these insurance products may not be enough to fully protect you. At Com-Co Insurance Agency Inc, serving Mount Prospect, IL, we take your insurance education very seriously. Keep reading to find out what you need to know about umbrella insurance and how it can better protect you and your family. 

What Is Umbrella Insurance?

Umbrella insurance is an insurance product that you can purchase to supplement your existing policies. Insurance policies, although a smart way to protect your family and finances, are limited in how much they will pay out should you need to file a claim. If you or your family experiences an event that exhausts the insurance policy and does not fully cover the expenses incurred by the event, you could be left financially vulnerable. Umbrella insurance is a supplement that can kick in if this happens to offer further protection.

What Does Umbrella Insurance Cover?

Umbrella insurance can be customized to suit your particular needs. Depending on where your greatest risk factors lie, your umbrella policy can be specialized to kick in if your regular insurance is insufficient to cover the expenses incurred by an event. This can apply to auto, home, life, or health insurance. This can also apply to commercial insurance policies if you operate a business. 

Each person and family will have their own unique risk factors. In order to determine how umbrella insurance can best serve you and your family, you should sit down with an insurance representative to assess your risk factors and find out how umbrella insurance can help. 

If you would like to learn more about umbrella insurance, please contact our staff today at Com-Co Insurance Agency Inc, serving Mount Prospect, IL.

Why should I have a home inventory?

Owning a home in Mount Prospect, IL comes with the usual worries. One thing you shouldn’t have to worry about is whether you have the right home insurance. Having the right insurance agent can make the whole process of home insurance buying much easier. Com-Co Insurance Agency Inc has been writing policies for more than 80 years, they value their customers and treat them the same way they would want to be treated. When you need to file a claim on your home insurance policy, you want to be confident it will all go well. Having an agent you trust and a home inventory can make it a much more pleasant process. 

After an event that has damaged or destroyed your home, you will need to provide your insurance carrier with a list of the items that you lost in the event. After something bad happens, you will find that you are not thinking as clearly as usual. Trying to picture what you had and actually writing it down may be beyond your capacity at that moment. Taking the time to make a home inventory before something bad happens can save you a lot of stress.  You can make a digital inventory or a written one supplemented with photos. You want to be able to verify what you had so attaching any receipts especially for larger ticket items is always a good idea. Then you should place the inventory in a safe place so it can be easily accessed if the need arises. 

Com-Co Insurance Agency Inc in Mount Prospect, IL doesn’t work for one insurance carrier, as independent agents, they are able to put their customer’s needs first. Why not give them a call to set up an appointment to discuss your home insurance needs. They will be happy to give you a free no-obligation quote.