Insurance FAQs answered by Barnes-Bollinger Insurance ServicesBarnes-Bollinger Insurance Services, Inc.
protect your assets against attachment as a result of a court award.
provide for cost of defense when you are sued.
allow you to purchase such high value items as a car or a home by insuring the collateral on behalf of the financial institution that lent you the money.
provide financial security for your family in the event of your death.
allow you to save for retirement while deferring interest payments to a time when your income is lower, thus reducing your tax payments.
allow you to remain financially solvent when you're ill and can't work.
Does where I live affect my premium?
Yes. Where you keep your car directly affects your chances of having an accident or becoming a victim of theft or vandalism. The likelihood of encountering these problems increases in larger, more densely populated cities, while such incidents remain relatively low in rural areas.
The time and efficiency of police response and law enforcement, local road and traffic conditions, and the quality of local medical services can also affect regional insurance rates. Some insurers even factor in the litigation rates in a given area (how many lawsuits are filed, go to trial, out of court settlements, and their amounts).
Shouldn't I be seeing my agent at least once a year?
Yes, at the minimum. We always meet with you in person each year to review your account and make sure that as your business grows, your insurance policies keep pace. We all-to-often find that agencies write an account and then pass it off to an out-of-state service center. We like to develop personal relationships with our clients so when you call us, you'll know exactly who you're calling.
It depends on the policy and its terms. For example, most Health insurance policies cover insured children up to age 18, or up to 22 if the child continues as a full-time student. If you're over 18 and not a full-time student, you will need your own Health insurance policy.
College and university campuses are not immune to property crime. A 1995 FBI study reported that there were more than 100,000 property crimes on college nationwide, including burglary, theft, motor vehicle theft, and arson. Thieves took an average of $1,251 of property per offense that same year.