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Are You Ready For Life insurance? Lakeview Insurance Can Help?

Chicago Life Insurance Has Value for Families

Are you one of those people who think you don’t need life insurance? Please think again. Life insurance provides real security for those you care about. Life insurance benefits can provide financial security and resources for your family or loved ones after you are gone. Let’s look at a few of the reasons to consider life insurance:

  • Payment on Debt– If you have any outstanding debt (mortgage, credit cards, etc.), at the time of your death it does not go away. Your estate will still be responsible to settle all accounts. Life insurance can provide the financial resources to cover debt.
  • Continuation of Income– Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish with the loss of an income earner, which means your family will experience a lower standard of living. The death benefits of a life insurance policy can prevent this from happening, or at least keep the impact to a minimum, by replacing income lost with the demise of the breadwinner.
  • Unpaid Medical Expenses– It is highly likely that you will incur medical expenses prior to your death, some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are covered.
  • Funeral Expenses- Most people don’t plan for, or fund, funeral expenses. Again, life insurance is there to help.

Chicago Life Insurance Costs Are Down

The good news is that life insurance rates are low and there are many different kinds of products to select from.

Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

Your Insurance Should Keep Up With Your Business

Chicago Business Insurance

Let’s face it, your business changes almost every day.  You add new employees, equipment and vehicles, and you change and update in every way needed to remain competitive. To ensure your business is protected with the right business insurance, you need to structure your program to respond when needed.

These changes can impact your business risks, and you will need to adjust your business insurance accordingly:

  1. New employees can create additional workers’ compensation and benefits risks.
  2. The purchase of new vehicles adds auto liability exposure.
  3. Part time employees may increase employment, benefits and workers’ compensation risks.
  4. Have you relocated your business? Your location can affect your property insurance premiums.
  5. Have revenues changed? Your business liability insurance is based off of revenues, so any changes can impact your premiums.
  6. Do you offer any new goods or services? If so, we will want to review your policy to make sure your exposure is covered.
  7. If you have changed your company’s legal status or added new partners, your insurance needs will be different.

To ensure that you enjoy protection no matter how your business grows or shifts positions, be sure to check with your insurance agent if you make any changes. Putting a little effort into your business insurance renewal can reap rewards in the form of better coverage and lower premiums. Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

Why Are Your Auto Insurance Premiums Increasing?


A Chicago Auto Insurance Update

You may have noticed your auto premiums are increasing. In fact, auto rates are increasing all over the country. The reason for the increases are not what you may think. It is not because the insurance companies want to make more profit, it is due to the overwhelming number of accidents and the cost of these accidents. Most major auto insurers are paying out more in losses than they are taking in premiums.

The two contributing factors are the number of distracted driving accidents, and the cost of repairing newer, technologically sophisticated cars.

Distracted Driving

Distracted driving accidents are increasing in America due to the growing use of hand-held devices.  Too many people are interacting with their phones while driving. Phones and sophisticated dashboard technology are among some of the top activities that lead to accidents.

Driving while using a hand-held device increases the likelihood of a car accident by 400%.

Driver distractions are the leading cause of most vehicle crashes and near-crashes. According to a study released by the National Highway Traffic Safety Administration (NHTSA) and the Virginia Tech Transportation Institute (VTTI), 80% of crashes and 65% of near-crashes involve some form of driver distraction. The distraction occurred within three seconds prior to the vehicle crash!

Here is a link to a good article

Cost of Repairs Are Up Dramatically

Most new cars are designed with sophisticated technology that is expensive to repair.  Even the cost of bumpers has increased over 100% according to the Insurance Information Institute.  Today’s vehicles are equipped with expensive computers that control and monitor hundreds of features on the vehicle.  These computers are typically not repaired, but are replaced, which increases the total cost of the auto repair.

Get a Quote Today

72% of auto insurance in the United States is with just 10 companies. If you have not had us shop your auto insurance, now is the time.

 

Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

Make Safety Part of Your Vacation Planning

A personal insurance update

Now is the time when many of us are planning summer vacations. Remember, your personal insurance will cover your personal liability while traveling in the U.S., (subject to policy terms).  Planning ahead can take some of the stress out of vacations, so here are a few quick tips for a successful family vacation.

Travel safety tips

  • Stay off social media. Criminals love to follow you, and then break in while you are gone.
  • If you are traveling to foreign countries, remember to follow their laws and customs.
  • Be aware of any travel and health alerts at your destination.
  • Provide an itinerary of your travel plans to a family member.
  • Advise a neighbor of your travel, and ask them to watch your home.
  • Put lights on timers.
  • Stop the paper and garbage service.
  • Don’t take expensive jewelry on vacation.
  • Make sure your children have a photo ID.
  • Travel insurance can end up saving you a lot of money if something goes wrong and you need to come home early – especially if you have health issues.

Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

 

 

Is Your Chicago Business Prepared For A Loss?

A Chicago Business Insurance Update

Your business insurance can respond to many kinds of risks and losses.  Protecting your business from loss can mean the difference between having a great year, and having to close your doors.  According to the Insurance Information Institute, 30% of businesses that have a fire never re-open.  Therefore, it pays to have the right business insurance and to manage your tops risks.  However, do you know the most common risks faced by most businesses?

Business Risks

  • Cyber breach – Your small business has a greater chance of having a data breach than it does of having a fire. Make sure you have a cyber liability insurance policy.  Don’t save passwords on your computer, use the latest security software, train your employees on cyber security, and never use an open network.
  • Customer trip and fall – Make sure you keep your business entry clean and clear of clutter.
  • Flood – Your business insurance excludes flood damage. If you are close to water, make sure you consider flood insurance.
  • Fire – Every business is subject to fire. Install automatic alarms to ensure proper notification, disconnect equipment when not in use, and never overload sockets with plugs.
  • Theft – Develop a system for end of day closure procedures. Keep a light on at night. Burglars are less inclined to break in if they think someone is there.

Putting a little effort into your business insurance renewal can reap rewards in the form of better coverage and lower premiums. Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

 

Chicago Area Claim Myth Busters

We Want to Educate You About The Realities Of Filing A Claim

Let’s face the facts.  You buy insurance to protect yourself in the event of an accident, injury, or some other event. Filing a claim with your homeowner’s, auto or business policy should be easy, and the claims process should go smoothly. Let’s expose the myths around filing an insurance claim.

Now might be a good time to have us review your Chicago personal insurance. Stop in and have some coffee while we review your homeowner’s insurance coverage.

Myth Busters

  1. Myth- Filing an online claim with an online insurer is easy and takes only minutes. Online insurance claims can take longer, and you may not even know from where in the world the person is calling.
  2. Myth- Any claim will cause my insurance premiums to go up or my insurance policy to be cancelled. A majority of insurance companies simply handle and settle the claim fairly and don’t cancel the policy. Factors that might cause a policy to be cancelled are multiple claims, claims that involve criminal activity, and drunk driving.
  3. Myth- The adjuster’s job is to settle the claim for the lowest amount possible. Most adjusters are obligated to settle any claim per the terms of the policy.
  4. Myth- I do not have anyone to help me through the process. Our office will help you through the process and answer any questions you may have. We are your advocate. This may not be true if you purchased your insurance online.
  5. Myth- I can let my contractor or auto body shop handle the claim. Be aware of “ambulance chasers” that appear after a loss or accident and claim to have expertise in claims processing. They may not know your policy. Always call us for help.
  6. Myth- All I need to do is report the claim. You will need to communicate with the adjuster and provided other information as needed.

Insurance is intended to help you recover after a loss. We are here to help you review and understand how insurance works. Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

 

 

Auto Insurance Myths and Realities

Auto Insurance Update

We all need auto insurance to protect us from accidents and injuries. Auto insurance comes in all shapes and sizes.  It seems impossible to actually go online and try to secure the right auto insurance for our needs.  Do I have the right coverage? Do I have enough coverage? What about the special equipment I have added to my car, is that covered? These and other questions never seem to be answered, unless you have a licensed, professional agent to help you through the process.

Auto Insurance Realities and Myths

We want to set the record straight by examining a few auto insurance myths and realities.

  • Myth – Buying insurance online is better. Would you go to a web page to diagnose your illness and then select from a drop down list for your treatment? That is what online insurance buying is like.  Call your local independent agent so we can help design the right combination of coverage and price.  We have access to multiple markets, not just one. Cheap auto insurance seems great until you have a loss.
  • Reality – Personal information and your driving record are used to determine your auto insurance premiums.
  • Myth -Bright colored cars cost more to insure. Wrong. Premiums are based on the type of vehicle you have, its value, where you live, and other factors.
  • Reality – Getting more than three quotes does not take you a lot of time. As an independent agent, we shop all our markets for you, and provide the best possible combination of coverage, price, and service.
  • Myth – Insurance companies are all the same. Some insurers specialize in motorcycles, some have better rates for seniors, and some can insure your classic car.  We understand that all insurance companies are different and offer different products and services.
  • Reality – If you live in the city, chances are you will pay more for your auto insurance than if you live outside the city.

Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

Good Reasons To Call Your Insurance Agent

Home and Auto Insurance Update

Let’s face it, you buy home and auto insurance to protect you when and or if an accident happens. And when you have an accident, you want your personal insurance to respond. If it has been a while since you updated your personal insurance coverage, you may want to call your agent today.

When to Call Your Agent

  • When you buy or sell a car
  • If you started a home based business
  • If you are thinking about putting in a pool
  • When you purchased any high end jewelry, guns or other items
  • If you home replacement value has gone up
  • Did you get a company car?
  • If you have remolded any part of your home
  • When you install a security system in your home
  • If you get married or divorced
  • If your commute distance has changed
  • When your children go away to college

Having the right auto coverage is not as easy as it sounds, and choosing the wrong coverages and limits could lead to financial disaster. Our agents are prepared to help you find the right combination of coverage, price and service.

Insurance Truths You Can Count On

These Truths Apply To Personal And Business Insurance

One of the most important things to consider when considering your personal insurance is, “What is the purpose, or goal, of having insurance in the first place?” If you want insurance to cover every broken window, theft of a lawn mower, or $100 medical bill, then you will pay more for the coverage. But we believe that insurance is designed to protect your business, home and family from the catastrophic events like, fire, serious injury or loss of a vehicle. In other words, losses that will affect your long term–not ruin your day.

Insurance Truth About Auto Deductibles

If you own an older car, it is better for you to increase your deductibles and pocket the premium savings.

Personal Umbrella Truth

If you own your home, have a 401K, and are building financial resources for your future, a $250 investment in a personal umbrella will be one of the best investments you will make.

Business Insurance Truth

Your business is more likely to suffer a loss from being sued by an employee or having a         cyber-breach than by a fire. Every business needs employment liability and cyber liability insurance.

Basic Insurance Truth

Your personal and business insurance needs change over time. For example, you may have purchased your wife an expensive diamond ring, or your child headed off to college. Your business may have added new equipment or an additional location. All these actions can increase your risk and liability. That is why it is important to have a regular insurance review. Your insurance should change with your needs.

Flood & Earthquake Insurance Truth

Floods and Earthquakes are not covered or included in homeowners policies. You must buy separate coverage.

Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

Are You Ready To Renew Your Business Insurance?

A Chicago Business Insurance Renewal

Your business insurance is an important part of your risk management program. It is important to have the right insurance coverage, competitive pricing and the right insurer. We have found at least five factors that are important to manage when renewing your business insurance program.

Business Insurance

A business insurance program can include commercial property, auto, commercial liability, employment liability, workers’ compensation, professional liability and excess liability.

Insurance Renewal Tips

Provide complete information about your operation. Paint a picture that describes what you do and how well you do it. You have to sell the underwriter on what is different about your operation and how the insurance company needs to insure your risk, because you are above average.

Use an independent agent. We are best equipped to provide you with the best combination of coverage, price and service.

Combine your property, auto and liability with one insurer if possible. You will receive package discounts.

Have a well-managed safety program.

Putting a little effort into your business insurance renewal can reap rewards in the form of better coverage and lower premiums. Established in 1976, Lakeview Insurance Agency serves individuals, families and businesses in Illinois, Wisconsin, Indiana and Michigan. Located in Chicago’s Lakeview neighborhood, our company is led by its founder Charles (Chuck) Stewart.

An independent insurance agency, we represent more than thirty top insurance carriers.

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Office Contacts
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lakeviewins@lakeviewins.com

Lakeview Insurance Agency of Illinois, Ltd.
3438 N. Southport Ave.
Chicago, IL 60657 map

After-Hours Emergency Claims
Ph: 773-502-8888
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