If you’re going to invest in the cost of a new car in Chicago, IL, make sure you do the same for your auto insurance. Not just any coverage will do. Your auto insurance should protect your vehicle against theft, accidents, breakdowns, and disaster damage. It should also cover you for liability claims in the event you cause an accident. Here’s how a comprehensive auto policy from NCIB Group Inc. can protect you.
When you own a new car, you can’t afford to skimp on your auto insurance. At NCIB Group Inc., we offer extensive coverage to protect you and others on the road. This coverage includes:
- Collision – covers repair costs to your vehicle if it’s damaged in a crash
- Comprehensive – protects you against auto theft and covers repair costs to your vehicle from non-collision events (bad weather, vandalism, falling objects, etc.)
- Uninsured Motorist (UM) – covers repair costs to your vehicle from hit and run or uninsured drivers.
- Liability – pays for injuries or property damage to other drivers in accidents you cause
- Roadside Assistance – covers towing costs and minor repairs if your vehicle falters during your travels.
Collision, comprehensive, UM, and roadside assistance coverage is optional in Illinois. As a new car owner in Chicago, IL, however, you can benefit from the protection this coverage has to offer. Compromising on your coverage could result in you having to pay most or all of your vehicle repairs out of pocket.
Liability insurance is mandatory in Illinois to protect others in accidents you cause. By getting as much liability coverage as possible, you can protect your financial assets against serious accidents that cause massive damage.
For more information on auto insurance or to purchase quality coverage, contact us at NCIB Group Inc., serving residents in Chicago, IL.
Anyone that lives in the Chicago, IL area should consider owning their own home. If you are looking to take advantage of the benefits that come along with homeownership, one type of property to consider getting is a condo. When you own a condo, there are often fewer maintenance responsibilities. However, it is still an important asset that you need to cover with insurance adequately. There are several situations when you need to get a condo insurance policy in Chicago.
When Required by Mortgage Lender
The first situation when having a condo insurance policy is going to be a necessity is when your mortgage lenders require it. Any mortgage lender will want to ensure that their collateral is adequately protected at all times. Due to this, they will require that you maintain a condo insurance policy to ensure the property can be repaired. In many cases, you will have to establish an escrow account to fund on a monthly basis.
Condo Association Rules
You are also going to need a condo insurance policy if you live in a condo association with rules established. Insurance requirements are typically set forth by a condo association. When an association has insurance requirements, all members of the association will be relieved to know that unit owners have liability and property protection to cover any damage that you or your property causes.
There are many situations when getting condo insurance will be necessary for Chicago. IL. If you are looking for a new insurance policy for your condo, you should call the team at NCIB Group Inc. to discuss your needs and options. NCIB Group Inc. has helped a lot of people in the Chicago area to pick a policy that provides all of the necessary and valuable forms of coverage.
One of the most important things you need to invest in as a business owner is a commercial insurance policy. The right commercial insurance policy will protect your Chicago, IL company from financial problems. At NCIB Group Inc., we offer commercial insurance policies to area business owners.
When you purchase a commercial insurance policy, you should make sure that you avoid the following three mistakes.
Not putting enough thought into the coverage types your company needs.
Commercial insurance is a complex product. There are many different types of commercial insurance available that your company might need. There are also many various financial liabilities that your company faces.
You need to put a lot of research into your commercial insurance policy selection.
Choosing the least expensive options
All commercial insurance policies aren’t created equal. You shouldn’t assume that inexpensive commercial insurance is going to be reliable and adequate for your company’s needs.
As with anything else in life, you get what you pay for. Invest in quality commercial insurance from an insurance company with a good reputation. Don’t simply purchase the least expensive coverage available.
Keeping the same policy as your company grows and changes
You should be periodically reevaluating the insurance needs of your company. Your company’s insurance coverage needs can change over time.
As your company grows or takes on different types of clients, your insurance coverage needs could change. Reevaluate insurance coverage needs whenever the policy term of your commercial insurance is up. This allows you to increase the amount of coverage your policy includes.
You can take advantage of more great commercial insurance advice by contacting us at NCIB Group Inc. We offer commercial insurance in Chicago, IL. Contact us with questions and inquiries.
Sunny days on the water can help you escape the heat. However, before you sail over the horizon, make sure your boat insurance policy provides the coverage you need. This may include damage to your boat or other boats, as well as the equipment and passengers you carry. Whether your dream vessel has sails or engines, boat insurance can help you protect your investment. Keep reading to find out more about boat insurance and call NCIB Group Inc. in Chicago, IL with further questions.
What Kind of Insurance is Available for My Boat?
The age, type, size, and value of your vessel determines how much you pay for insurance. Typically, you can choose from the following types of coverage:
- Bodily injuries as a resulting of boating
- Property damage such as vandalism or theft
- Property damage caused by your boat
Boat owners have other types of policies to choose from to safeguard passengers and even attached boating equipment. With NCIB Group Inc., you retain the help of an independent insurance agent to help you make an informed decision.
Is My Boat Covered in Winter?
When you stow away your boat for the season, you may feel like you no longer require coverage. However, fire, theft, and other events can cause expensive damage. With the right policy, you can protect your vessel any time of the year.
How Far Does My Coverage Extend?
Your coverage will probably extend well beyond Chicago, IL. Ask your insurance agent what parts of the county — and Canada — your policy covers.
Does My Insurance Cover Hurricanes?
If you commonly tow your boat out to the Atlantic for long trips down the coast, hurricanes could be a concern. The weather events covered vary from policy to policy, so this is a great question to discuss as you narrow down your options.
When you need a knowledgeable agent, you can turn to NCIB Group Inc. in Chicago, IL. Stop by or contact us today to discuss your boat insurance needs or to obtain a quote.
Being a homeowner is often a dream of every individual. For Some, this will be a project they will pay their entire lifetime. In Chicago, IL, you have two ways to achieve this, either through renting or buying. Homes are costly, and most individuals take up mortgages to finance this project.
Why You Should Take A Mortgage Rather Than Pay Rent
- Only a small percentage of the total cost is paid upfront, which makes it easier to manage. It is, however, essential to ensure that you have the right insurance coverage for your home during the repayment period. A home insurance policy will protect you against financial losses that you may incur as a result of damage to the property. NCIB Group Inc. agents will advise you on what you need to be covered as you pay for your mortgage.
- Investments are flexible. If you choose to take a mortgage, you can make investments in other areas. It is, however, essential to analyze your investments with NCIB Group Inc. agents who will be able to evaluate whether the investments made can be covered by your home insurance policy. A home insurance policy covers various personal assets, such as electronics.
- Improved credit score
In Chicago, IL, it is essential for individuals taking a home mortgage to realize that any damage or loss of property during the mortgage period is their responsibility. Having an appropriate policy is crucial to avoid paying for an asset that is already damaged.
Advantages of Home Insurance When You Have A Mortgage
- Your property is covered against damage from fire, storms, theft, and other hazards.
- Home insurance will protect you against liability from legal suits. Where other individuals are injured within your property, you are likely to face legal lawsuits which the insurance company will cover.
Please call or visit our customer-centric NCIB Group Inc. agents to discuss your insurance needs for your new home.
It’s true. Even old cars need love. Old cars need the type of love that will protect them from liability and perhaps more. In truth, that old car needs love in the form of insurance. Insurance will protect you, your old car, and your wallet from the liability of causing an accident that damages someone else’s car or injures someone.
Liability Insurance (Required in Most States)
Liability insurance is required by state law. NCIB Group Inc. of Chicago, IL understands that drivers that own older cars don’t want to pay any more than they need to protect and insure their older cars. It’s a state law in Chicago, as in most other states, that all drivers are required to carry liability insurance. Liability insurance typically covers bodily injury liability as well as property damage liability. In short, both of these coverages fall under liability. One covers injury to others in situations where you are deemed liable for a car accident or other similar circumstances. The other form of liability insurance pays for property damage when you are considered liable for damage to someone else’s property
Other Required Insurance Coverages
In addition to liability, some states might require that you carry other forms of insurance, even if your car is older. For example, some states require that drivers carry Uninsured and underinsured motorist coverage. The first coverage can help with medical bills as well as car repair. Some drivers who have liability in a car accident may be underinsured to compensate the people involved adequately. This insurance helps in situations like this. The latter form of insurance can also help with medical coverage as well as extend to cover lost wages and even childcare. However, personal injury insurance isn’t offered in all states.
All in all, old or new, any car you drive will require some form of insurance. Insurance serves as protection in unexpected situations. Speak with one of our agents at NCIB Group Inc. in Chicago, IL, so that we can help you determine the proper coverage for your situation.
If you are considering purchasing a new vehicle via financing, then you may want to be informed about insurance requirements. Most insurance companies require their borrowers to obtain a certain level of full coverage consisting of comprehensive insurance and collision insurance. Before purchasing a vehicle, find out what the requirements are and how much the premiums will be from month to month or in a lump sum.
Meeting Auto Insurance Requirements
If you are financing a vehicle, you must meet the insurance requirements in order to leave the dealership and drive on the open road. Before making your vehicle selection, work with an insurance agent from a reputable, established company like NCIB Group Inc. We will help you discover options that fit your needs so you can obtain the financing you need.
Getting the Right Coverage
Policy coverage can range from provider to provider. A good insurance agent can help you decide which policies will provide the coverage you need, as well as help you to avoid gaps in coverage. It is essential to know what each policy covers, as well as the specific terms and conditions. Your insurance agent can explain the fine print for each policy and what it means for you, so there are no surprises. We will work with you to determine your needs.
If you are considering buying a new vehicle, or you want to get better coverage than you currently have in place, call or stop by NCIB Group Inc. and find out what we can do to help you find some security.
If a person wants to ensure their business has the proper insurance coverage, it’s crucial they review it every year. While the process may be time-consuming for many business owners and make it tempting to renew their current policies automatically, it’s important to consider this carefully. If things have changed over the past year, there is the risk that the business will be underinsured or that they will wind up overpaying for the coverage needed.
If you need help to determine if your commercial insurance is adequate in Chicago, IL, then NCIB Group Inc. can help. Additional information about renewing your coverage and when the time to do so can be answered by our agents.
Your Business Has Moved to a New Location
If you move from your home office to commercial office space, expand into a new location, or open a new office, all this will trigger the need for changes in your business owner’s policy or your general liability insurance. In some situations, insurance rates may go down significantly – this is especially the case if your new location is smaller or if you have modern safety features – such as a wired alarm or a sprinkler system.
More or Less Employees
If the number of people you have employed has changed, it may require you to update your workers’ compensation coverage. In Chicago, it’s necessary for you to purchase insurance when your very first employee is hired. As people come or leave your employment, you should adjust your workers’ comp coverage to ensure everyone is covered and that you aren’t paying for insurance you don’t need.
When it comes to commercial insurance, you can’t take chances. Instead, make sure your Chicago, IL company is protected with our help at NCIB Group Inc.
There’s a common misconception about home insurance. Everyone knows they need it, but not everyone knows why. Knowing why you need it will allow you to make some very necessary customizations. NCIB Group Inc. in Chicago, IL is here to help you with the details.
Not All Policies are the Same
Many homeowners feel as though they can buy a policy and be protected. It’s not that simple. The policy you buy may not be what you actually need. Not all policies are the same. They can vary based on:
- The insurance company
- Where you live
- The type of home you have
- What’s inside
The last thing you want is a generic policy. You need to think about how often you entertain for liability purposes. You need to look at the value of what’s inside your home. By considering these details, you can make sure that coverage is added where it matters the most, even if it means adding riders to the policy.
Coverage Levels Matter
Although people aren’t talking about home insurance anymore, it doesn’t mean that it’s not important. You don’t want to get a generic policy that isn’t going to provide you with the personalization that you need. Coverage levels over your home and liability matter. Insufficient coverage levels can lead to insurance claims being denied or not fully funded – and that means you may have to pay considerably more out-of-pocket than what you might be able to afford.
There’s no reason why you can’t be the one talking about home insurance. It might not be the coolest topic, but it can help you when a problem arises.
Call NCIB Group Inc. or visit our office in Chicago, IL to discuss your home insurance needs today. We’re here to answer your questions and get you quotes to help you with the decision-making process.