Three things to do before you purchase condo insurance in Illinois

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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

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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.

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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

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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?

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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

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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?

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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. 

How To Choose The Right Coverage For Your Car

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Buying car insurance is the best way to protect yourself as a driver and your vehicle. Moreover, it is important to know that any vehicle registered in the state of Illinois must have proper car insurance. Since many people make a common mistake and buy the first insurance they see, Com-Co Insurance Agency Inc located in Mount Prospect, IL prepared a brief guide that will help you to choose the right policy for your car. 

Choose The Right Deductible

By choosing a higher deductible, you reduce the cost of insurance. However, you should keep in mind that in case of an accident, you will have to pay a lot out of pocket. Can you handle high deductibles? If your answer is no, then it is better to pick the plan with a higher premium. 

Review Your Mileage

The amount of miles you drive on average annually is one of the main factors used to calculate the cost of insurance. If you drive less than an average driver, you may be qualified for a low-mileage discount. 

Do Thorough Research

When choosing an insurance policy for your car, it is important not to rush. Take your time to compare the available options and insurance companies to make an informed decision. It is also a good idea to call several companies to discuss the options to make sure you have all the necessary information. 

Com-Co Insurance Agency Inc is more than just an insurance company – it is a team of professionals serving the residents of Illinois and helping them to get the best car insurance based on their needs and budget. If you are a car owner from Mount Prospect, IL and you are shopping for insurance for your vehicle, give us a call today to receive help in choosing the right policy. 

Things To Consider Before Purchasing Condo Insurance

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Com-Co Insurance Agency Inc serves the Mount Prospect, IL community, as well as the surrounding states. We are committed to helping our clients find policies that will secure the futures of not only themselves, but their families as well.

Researching Condo Insurance

Staying in a condo means that you’ll have to deal with different insurance risks compared to living in a home. In order to secure your unity and all of your belongings, consider purchasing condo insurance. As you start researching different condo insurance policies, here are some things to consider.

Master Policy

Look at the condo’s master policy. The master policy should outline which parts of the condo are insured and which parts are not covered. Primarily, there are two types of policies. The bare wills in policy covers more of the outer framework. The more thorough master policy covers all of the fixtures and installations inside of the condo.

Recent Upgrades Are A Factor

Pay attention to any new amenities in the unit, such as new flooring or countertops. That should give you a good estimate of how much coverage you should purchase. If you prefer cash value, then your condo insurance policy will replace the value of a stolen item. Any depreciation is also considered when determining the cash value. If you choose replacement coverage, then you’ll be compensated so that you can purchase a new item.

Natural Disasters

In order to ensure that the content and structure of your condo is covered, make sure that you have a clause in your condo insurance policy that will cover the unit if there is a hurricane or a severe flood damages the property.

Contact Com-Co Insurance Agency Inc

Com-Co Insurance Agency Inc will guide you as you evaluate your options. Visit our website to learn more information about our Mount Prospect, IL office.

3 critical home insurance mistakes that new home owners make

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Congratulations on becoming the latest homeowner in Mount Prospect, IL. While owning a home for the first time can be fulfilling, the whole aspect of finding the right home insurance coverage and having your home adequately covered can be overwhelming. As a result, many homeowners end up making costly mistakes that they end up paying more than they had budgeted for. Seeking guidance from an insurance expert at Com-Co Insurance Agency Inc can help you make wise and informed decisions and avoid these three mistakes.

First mistake: Going for cost and not value

After buying or building a home, it is almost obvious that you may not have much capital left. However, that doesn’t mean that you should pick the cheapest coverage around you. Like any other commodity in the market today, cheap is always expensive, and it gets serious when it comes to home insurance policies.

Second Mistake: Getting insufficient coverage

This is connected to the first mistake of going for cheaper policies. Cheap options are always risky as they lack essential coverages. That means that you may need to dig deeper into your pockets to replace or repair damages when your home is destroyed. If you are going to buy insurance that won’t cover the basics and help you save a substantial amount of money, then that option is not helpful. The rule of the thumb here is to treat insurance like the home itself.

Third mistake: Making assumptions without seeking clarification

New homeowners tend to make many insurance assumptions that can be dangerous. Assuming that your home insurance will cover flood damages, or your motorboat in the compound without speaking to your insurance provider can cost you more as most insurance companies do not cover floods in home insurance. Similarly, motorboats are not covered in home insurance, you may need to purchase a separate cover if you own one.

Home insurance coverage is equally important as the house itself. For queries, quotes, and new policy discussions, speak to our team at Com-Co Insurance Agency Inc in Mount Prospect, IL, and we will all help you protect your most valuable asset.