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Customizing Your Umbrella Insurance: Options to Fit Your Lifestyle

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Umbrella insurance serves as a crucial safety net, offering additional liability coverage beyond the limits of your standard insurance policies. To ensure you have the proper protection in place, it’s essential to customize your umbrella insurance policy to align with your unique lifestyle and asset protection needs. DJ Kauffman Agency is here to help Hutchinson, KS residents tailor their umbrella insurance coverage for optimal security.

Factors to Consider When Customizing Your Umbrella Insurance

Several factors should be taken into account when determining the appropriate coverage for your umbrella insurance policy, including:

  1. Personal Net Worth: Your total assets play a significant role in determining your coverage needs. The higher your net worth, the more umbrella insurance coverage you’ll require to safeguard your assets from potential liability claims.

  2. Lifestyle and Activities: Daily activities and choices can impact your umbrella insurance needs. Owning a swimming pool, participating in extreme sports, or frequently hosting social events may increase your risk of liability claims.

  3. Occupation and Business Interests: Professionals in high-risk occupations or business owners may require additional coverage to protect themselves from work-related liability claims.

Customizing Your Umbrella Insurance with DJ Kauffman Agency

We’re committed to providing personalized insurance solutions catering to your needs. Our team of experts can help you customize your umbrella insurance policy by considering various factors, such as:

  1. Coverage Limits: We’ll work with you to determine the appropriate coverage limits based on your assets, risks, and potential liability exposures.

  2. Deductibles: Selecting the right deductible balances affordability and financial protection. We can guide you in choosing a deductible that fits your financial situation.

  3. Additional Coverage Options: Depending on your lifestyle and risk factors, you may want to explore additional coverage options, such as protection against libel, slander, or invasion of privacy claims.

Don’t compromise on the protection of your assets and financial well-being. Contact us today to discuss your umbrella insurance needs and learn how we can help you customize a policy tailored to your unique lifestyle in Hutchinson, KS. With our expertise and personalized approach, you can enjoy peace of mind knowing that your financial security is in good hands.

Why should someone get life insurance in Kansas?

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Anyone that lives in the Hutchinson, KS area will want to know that they are adequately supported and covered with insurance. As you are looking to properly protect yourself in the Hutchinson area, it would be a good idea also to have life insurance. There are many reasons to get this type of coverage when you live in this area. 

Provide Financial Protection for Dependents

A top reason that all people will want to get a life coverage plan is so they can offer protection for financial resources for any dependents. If you have individuals who rely on you for their financial resources, you will want to ensure they have support if you pass away. When you get a life insurance plan, you can customize it to meet your dependents’ needs to ensure they have this support and peace of mind. 

Investment Alternative

A life insurance plan can also be a great investment alternative. Investing in whole-life coverage can be an excellent addition to your plan when preparing for the future. With a whole life plan, a portion of your payment will go towards life coverage, and the balance will build up an account with interest. Over the years, this will add up and can be a great asset to close out and sell or pledge as loan collateral. 

If you want a life insurance policy and live in the Hutchinson, KS area, it would be a good idea to call our team with the DJ Kauffman Agency. There are always complexities that come with selecting this coverage, and our professionals at the DJ Kauffman Agency can help you build a plan that will meet your needs. 

Types of Auto Insurance

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Hutchinson, KS residents live in a no-fault state, which means the other party is not required to pay their expenses even if they caused the accident. 

Personal Injury Protection

This is a type of indemnification for people in no-fault states who will take care of their own medical expenses. Each driver is required to have this coverage to make sure their hospital bills are paid. 

Liability Insurance

Liability coverage pays for another person’s injuries and lost wages when you have caused a crash. In no-fault states, this can help you if you are sued in cases where the costs are excessive and exceed the PIP limits. These laws can sometimes be confusing to navigate, and your DJ Kauffman Agency representative can go into further detail with you. 

Collision Coverage

This protection insures you for accidents in which you collide with another object. This can include lamp posts, mailboxes, or even other vehicles, and it will extend to your property damage expenses or total depreciated value if your car is totaled. 

Comprehensive

Comprehensive is meant to cover damage that happens when your vehicle is stationary. Falling tree branches, hail, sleet, severe winds, hurricanes, flooding, and tornadoes can fall under this indemnification. 

Gap Insurance

When your car is totaled, the cost to perform repairs has exceeded its worth. Your comprehensive or collision insurance will generally pay up to the depreciated value, which may leave you with an outstanding balance on your loan. Gap insurance serves to pay that remaining amount. 

DJ Kauffman Agency Can Help You 

We take pride in serving the Hutchinson, KS area and diligently provide insurance products and services with excellence and attention to detail. We invite you to contact us by phone or online to schedule your office visit today. 

What Insurance Policies Do You Need for a Business?

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If you’re a business owner, you’ll already know the importance of investing in commercial insurance. Owning a business comes with many responsibilities, from property maintenance to employee wage payments. When one thing goes wrong, it can cost a business owner hundreds or thousands of dollars. Investing in a quality insurance plan will protect several areas against financial losses. At DJ Kauffman Agency, we want to discuss commercial insurance policies with the people of Hutchinson, Kansas.

Insurance Policies for a Business

While shopping for a commercial insurance plan, you should be looking for policies that would cover a variety of situations for your business. This could include liability insurance, a policy that would provide payments for legal issues. There’s disaster insurance, which would pay for the property damages of a perilous event like a theft or a storm. Then there’s worker’s compensation, the kind of insurance that would help employers pay their employees in the event of a personal injury. While you should look into all of the policy clauses, it’s generally a good idea to look into all of them.

Buying Commercial Insurance in Hutchinson, KS

As a Hutchinson business owner, you have plenty of options to choose from when purchasing a commercial insurance plan. Our team at the DJ Kauffman Agency is interested in designing an insurance plan that fully covers your business owner’s needs. To get in touch with the staff, contact us at 620-669-0410. Whether you need liability protection, disaster relief, or payments for property damages or general losses, the DJ Kauffman Agency is ready to take your questions.

Tips to prepare your home for a storm

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At the DJ Kauffman Agency, we want to keep you and your family safe. Creating an emergency plan for your family in case of a storm is a good idea. Make sure everyone knows the safe areas in the house and have a communication plan should you become separated. You can also devise a safety plan outside the home, such as having an alternative place to stay or going to a public shelter.

Once you have prepared your home, it is vital to ensure that any outdoor items, such as patio furniture, grills, and trash cans, are secured or brought inside. This will help ensure they do not become projectiles during strong winds and cause damage or injury to property or people. Additionally, be sure all windows and doors are securely closed and locked.

If you have a basement, it is crucial to ensure any items stored downstairs are secure and that the room is free of water accumulation. If standing water is in the area, remove any furniture or items from the space until it can be cleared up. It may also be beneficial to move valuables upstairs as an extra precaution against flooding.

Finally, if you live in an area prone to storms, consider investing in hurricane shutters or storm windows for your home. These can provide added protection against wind and debris damage during extreme weather events. Additionally, having a generator on hand with fuel ready to use can ensure you have power during a storm when necessary.

For more tips, call the DJ Kauffman Agency today. We proudly serve the Hutchinson, KS area. 

Will comprehensive auto insurance pay for my car’s hail damage?

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Auto insurance provides drivers with many benefits. Many people would be unprepared to pay out of pocket for an at-fault auto accident or damage to their car. Auto insurance provides liability protection if you’re ever found responsible for a car accident. It also pays for car repairs or replacement if you’re in a collision. Our Hutchinson, KS team at DJ Kauffman Agency understands how beneficial auto insurance is for drivers. We’re committed to helping drivers get the coverage they need. 

Will Comprehensive Auto Insurance Cover my car’s Hail Damage?

Yes, auto insurance carries many different forms of coverage. Most states require all drivers to carry liability coverage. This insurance pays for damage or injuries to other people, their property, or their vehicles if you’re found at fault for a car accident. However, comprehensive coverage covers any non-collision incidents or accidents. For example, collision insurance would cover your car’s hail damage and damage from a fire and vandalism.

Comprehensive auto insurance is not required by law. However, if you’re leasing or financing a car, your lender may require you to carry full coverage insurance, including comprehensive coverage. However, this coverage is optional if your lender does not require it. Comprehensive coverage would pay for damage caused by natural disasters, fire, animals, weather, theft, and vandalism. Your car’s glass and windshields are also covered by comprehensive auto insurance. Many drivers would be unprepared to pay for damage caused by any number of circumstances and accidents. Comprehensive coverage makes it possible for drivers to get their cars repaired or replaced if an unforeseen non-collision accident occurs. 

Are You Sure You Have Enough Liability? If Not Purchase Umbrella Insurance

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Are you fortunate enough to have significant assets? Have you heard of umbrella insurance? The DJ Kauffman Agency can explain the benefit of having umbrella insurance coverage. They serve the Hutchinson, KS area.

Umbrella insurance is extra liability coverage that extends beyond the limits of your current auto, homeowner, or other insurance with liability coverage. It provides an extra layer of protection for individuals at risk of a lawsuit because of damage to others or their property.

Umbrella insurance is excess liability insurance. If an insured is sued for damage exceeding a policy’s limits, an umbrella policy will help pay for what is owed. The umbrella policy pays so the insured does not have to touch their savings or other assets.

The additional coverage of an umbrella insurance policy is necessary for those high-net-worth individuals with a lot of expensive assets. They risk being the victim of a lawsuit and losing everything they have worked hard for.

Most insurance providers require base insurance coverage of $150,000 to $200,000 for an auto insurance policy and $250,000 to $300,000 for a homeowner’s insurance policy.

Don’t let the things you have worked hard for remain in jeopardy. What if you are in a car accident where you are at fault, and someone is seriously injured, resulting in a $1 million lawsuit? Your liability coverage caps at $100,000. The umbrella policy pays the balance, and you don’t have to come up with the $900,000 remaining in the lawsuit out of pocket.

The DJ Kauffman Agency can provide a quote or answer any questions regarding the benefit of umbrella insurance coverage. Contact them today. You will be glad you did.

Can I change a term life insurance policy to a whole life policy?

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Unfortunately, you cannot commute a term life insurance policy into a whole life policy in Hutchinson, KS. This is because they are different insurance products. However, DJ Kauffman Agency can help you cancel your term life policy and start a new whole-life policy.

Term Life Insurance

Term life insurance policies only cover the policyholder for a fixed amount of time, often 10, 20, or 30 years. Your beneficiaries will receive a death benefit payout if you die during the policy term. The policy will expire without any death benefit payout if you survive the term.

You can also cancel the policy. If you don’t make your premium payments, the policy will be automatically canceled after a grace period. You can also end the policy by contacting your insurer.

Whole Life Insurance

A whole life insurance policy is permanent life insurance that covers you for your entire life. A whole life insurance policy continues for the rest of your life as long as you keep making premium payments. If you die while the policy is active, your beneficiaries will get a death benefit payout.

One of the major benefits of whole life insurance is that it offers lifetime coverage. If you’re looking for coverage that will last your entire life, then whole life insurance is the way to go. However, because it offers lifetime coverage, whole life insurance is much more expensive than term life insurance.

Contact DJ Kauffman Agency Today

If you’re located in Hutchinson, KS, the team at DJ Kauffman Agency would be happy to help you make the change from a term life policy to a new whole life insurance policy. Contact us today to get started!

Why Every Boater Needs Boat Insurance

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Every state has boating laws on the books. Some states require boat insurance, but Kansas does not. It does require that you register your vessel, so make sure you complete this task. Though you aren’t required to have boat insurance, it’s a smart idea to protect yourself by getting it. If you want boat insurance protection, call us at DJ Kauffman Agency in Hutchinson, KS.

Collision Accidents

It’s common for boats to collide in an accident on the water. That’s why it’s crucial always to have boat insurance when you go on the water. If you are involved in an accident with another boat or watercraft, you will be liable for all the damages if you are at fault for the accident. Paying for medical bills and property damage can be costly to pay for. It’s much like when you have a vehicle on the road, and you wouldn’t drive without auto insurance. You shouldn’t go boating without boat insurance. With this coverage, the costs you are liable for can be paid by the policy instead of the money coming from you. 

Different Types of Boat Coverage

It’s a good idea always to have liability coverage when you take your boat out. This is what pays for a third party’s bills after an accident. However, there are other types that you might consider so that your boat is better covered. Comprehensive boat insurance covers other risks that can happen to your boat. If you get collision coverage, this can pay for the damage to your boat and personal items when you cause a boating accident. 

Cover Your Boat With Insurance

It’s always wise to have boat insurance when you love boating. If you are in Hutchinson, KS, call us at DJ Kauffman Agency to find out more. 

What Business Owners Need to Know About Commercial Insurance

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As a business owner, you want to do everything you can to protect your company. After all, your business is your livelihood. That’s why it’s crucial to have the right commercial insurance. But what exactly is commercial insurance? In this blog post, we’ll explain in detail what business owners need to know about commercial insurance.

1. What Types of Risks Does Commercial Insurance Cover?

One of the most important things to understand about commercial insurance is that it can cover many risks. From property damage to liability, there are many potential risks that your business could face. That’s why it’s important to have the right coverage in place. Remember, different companies have different risks. So, working with an insurance agent is vital to ensure you get the right coverage for your specific needs.

2. Do I Need Commercial Insurance?

Not all businesses need commercial insurance. If you’re a sole proprietor or your business is very small, you may be able to get by with personal insurance coverage. However, as your business grows, you will likely need commercial insurance. This is especially true if you have employees. Keep in mind that some types of companies are required to have commercial insurance. It’s always a good idea to check your state’s insurance requirements.

3. How Much Does Commercial Insurance Cost?

The cost of commercial insurance will vary depending on several factors, including the size and type of your business. However, in general, commercial insurance is more expensive than personal insurance. This is because businesses are generally seen as a higher risk than individuals. But keep in mind that the cost of commercial insurance is often worth it when you consider the protection it provides.

4. How Often Should I Review My Coverage?

It’s a good idea to review your commercial insurance coverage at least once a year. This way, you can ensure you’re still getting the right coverage for your needs. Remember, your insurance needs will likely change as your business changes and grows.

Every business is different, so that every company will have other insurance needs. That’s why working with an experienced insurance agent is so important to get the right coverage for your business. DJ Kauffman Agency has been helping companies in Hutchinson, KS, and the surrounding areas with their commercial insurance needs for many years. Contact us today to learn more about our commercial insurance offerings and how we can help you protect your business.