Being a car owner is a great option for a lot of people in the Northwest Arkansas area. When you do have your own car here, you will enjoy having a convenient way to get around the area and complete any daily responsibilities. As you are looking for a car, you should also carefully assess your insurance needs.
A full auto insurance plan is needed by individuals in many situations.
Those Looking to Drive
One of the reasons all people in this part of Arkansas need to have an auto insurance plan is so they can comply with state law. If you are going to drive a car anywhere in the state on a public road, you need to have liability coverage. This gives assurances that you will be able to cover damage if you cause an accident. When you get an auto insurance plan, you can stay in good standing with such requirements.
Those with Loan Outstanding
It is also important to get a full auto insurance plan if you have a loan outstanding. When you take out a loan to buy a car, you will have insurance requirements set by the lender. These will require you to have comprehensive insurance, which will protect your car, which is the lender’s collateral. You will often need to provide evidence of coverage when closing on the loan.
Reach Out To Us
Anyone who is going to drive a car in the Northwest Arkansas area will need to have proper insurance. When you are looking for this type of coverage here, you should call our team with Adams Insurance & Financial. There are a lot of choices to make when you are looking for insurance, and Adams Insurance & Financial can give you the support you need to build a quality plan.
If you’re a Northwest Arkansas small business owner, you already know that running a business is no small feat. But how do you protect your business in the event of unexpected financial loss?
Savvy business owners have learned that investing in commercial business insurance is one of the smartest business decisions they will ever make. Commercial insurance financially protects Arkansas-based businesses from financial peril that can include any or all of the following.
How Commercial Insurance Can Protect Your Business
Commercial business insurance can help ease some of the financial burdens. If your business loses time or money because of property damage. Property damage can cost businesses millions of dollars in revenue.
Having the right commercial insurance policy from Adams Insurance & Financial can prevent business owners from having to cover the costs of property damage as an out-of-pocket expense.
Workers Compensation Claims
Businesses with employees can benefit from having commercial insurance policies that can protect the business against workers’ compensation claims.
If a worker or employee is injured on the job or on the premises, they can file a workers’ compensation claim to reimburse certain related costs. Commercial insurance protects Northwest Arkansas business owners from absorbing these costs.
Liability Insurance Claims
Many businesses have been forced out of business when faced with liability insurance claims from vendors, customers, partners, and other business associates.
Liability claims can come in the form of lawsuits or other claims that can cost businesses tons of money if they find themselves on the losing end of a liability claim.
Protect Your Business from Liability Claims
Contact the commercial insurance experts at Adams Insurance & Financial in Northwest Arkansas when you’re ready to protect your business from liability claims, workers’ compensation claims!
Making your home more energy efficient here in Northwest Arkansas doesn’t have to be a daunting task. With just a few simple tips, you can reduce your energy consumption and help the environment! Here are some simple tips from us at Adams Insurance & Financial to make your house more energy efficient.
Energy Efficiency Tips
1. Change your light bulbs
Switching from regular light bulbs to LED or CFL bulbs is an easy and cost-effective way to reduce your energy consumption. LEDs and CFLs use up to 80% less energy than traditional bulbs, so changing them out in your home can make a big difference.
2. Install a programmable thermostat
Programmable thermostats allow you to adjust the temperature in your home automatically, reducing the amount of time it takes for the house to heat up or cool down. This helps you save money on your utility bills as well as conserve energy by using less electricity.
3. Increase insulation
Installing insulation in walls, floors, and ceilings will help keep the air inside your home at a comfortable temperature and prevent it from escaping outside, reducing the amount of energy needed to keep it warm or cool. Additionally, adding weatherstripping around windows and doors will also help with insulation.
4. Use natural lighting
During daytime hours, try opening curtains or blinds in rooms that receive direct sunlight instead of relying on artificial light sources like lamps or overhead lights. Natural light is free and will result in high savings on electricity bills over time!
Keep Your Home Insurance Updated
For more tips, give us at Adams Insurance & Financial a call today. We are proud to serve the Northwest Arkansas region and would be happy to help you find a policy to suit your needs and your budget.
Future financial planning goes far beyond simple retirement plans with your employer. In fact, today, it is considered a wise strategy to have other retirement plans in place beyond simply what your employer might provide. Here at Adams Insurance & Financial, we want to help residents in Northwest Arkansas learn all they can about different future planning options, and this includes annuities.
What Is An Annuity?
An annuity is a contract between you and an insurance company in which you pay into the annuity over time, and the insurance company guarantees fixed payments or a lump sum payment in the future to help with your retirement expenses.
What’s Attractive About Annuities?
Annuities are often considered an attractive option because they do promise a fixed income stream for the future. There are several other types of investments that cannot promise this. Those who are serious about retirement want to have income streams that they can depend on in the future. An annuity is something you purchase now for a selected premium, and you can rest assured that in the future, this annuity will pay you a steady, reliable monthly income. Many people think of an annuity as a retirement paycheck.
What Are The Downsides of Annuities?
The only real downside of this retirement option is that you do not have much flexibility for the money to work for you between now and retirement. Many other types of retirement investments do allow the money to work for you and grow even more over time.
If you would like to learn more about annuities or other insurance products, please contact us at Adams Insurance & Financial serving Northwest Arkansas.
In Northwest Arkansas, our team at Adams Insurance & Financial frequently hears questions about whether policyholders should wait until they fall ill or reach old age to get a life insurance policy. While every policy is different and every situation is different, our answer to this question tends to surprise our clients.
We usually recommend that potential life insurance policyholders don’t wait until they are getting older or sick to get a life insurance policy. For more details on why we make this recommendation, keep reading below!
Why Shouldn’t I Wait for Illness or Old Age to Get Life Insurance?
The main reason why we recommend getting life insurance sooner rather than later is that advanced age is one of the factors that drive up the cost of a life insurance policy. If you get life insurance when you are young and healthy, you’ll save money on life insurance in the long run.
Most insurance companies tend to see someone who is healthier and younger as less likely to develop a severe life-threatening health condition in the near future than someone who is older or already ill.
Since every life insurance policy has its own specific terms, some policies and insurance companies might not differentiate. Even so, there are other reasons to get life insurance at a younger or healthier stage. On top of potentially saving money, having a life insurance policy as a younger person can give you peace of mind that your family will be cared for financially if you pass away. Since unexpected events happen every day, life insurance is a useful safety net for the unexpected.
Reach Out To Us!
To learn more about our life insurance policies, call Adams Insurance & Financial in Northwest Arkansas today!
Great auto insurance isn’t the only thing you need to keep you safe while out on the road. Here at Adams Insurance & Financial serving Northwest Arkansas, we want to help our clients prevent accidents as a first line of defense.
Here are some safety tips for driving in storms:
Drive Slower Than Speed Limit
The speed limit is for ideal driving conditions only. If the driving conditions are less than ideal, you need to drive more slowly. Storms decrease your reaction speed in many ways. Your visibility will be decreased, and your tires will have less traction on the road. This can all add up to disaster if you are traveling at regular or high speeds.
Pull Over When Necessary
Slowing down may not be enough to keep you safe in really severe storms on the road. If the weather intensifies, it might be necessary to simply pull off the road for a while. Find a safe spot to park and just wait out the storm. This is a far better option than getting in an accident.
Keep Windshield Wipers in Good Order
You simply cannot drive safely in a storm without good-quality windshield wipers. If your wipers are not working properly or need to be replaced, do not procrastinate. Have your wipers replaced or repaired quickly. In most states, it is also illegal to drive without working wipers.
Keep Headlights In Good Shape
People are often tempted to drive with headlights on even though they know this is dangerous and can often get them a ticket. Driving in storms without both headlights working properly will make your situation even more dangerous.
Give Us A Call
If you would like to learn about auto insurance, get in touch with us at Adams Insurance & Financial serving Northwest Arkansas.
If you have a dream of being a small business owner, finding the right location to open the organization is very important. When you are looking for a place to open, Northwest Arkansas can be a good idea as the area has a strong population base and supports local organizations. When you are going to start a business here, getting commercial insurance is a good idea.
This coverage is needed for various reasons as it comes with different types of support:
Coverage for Assets
One type of insurance that you will get with this insurance is coverage for your assets. If you are going to start a business, there are many types of assets that will need to be acquired. This could include inventory, commercial equipment, and various other items. If you are properly covered with a commercial plan, it will provide the support you need to replace or repair these assets.
Liability Risk Mitigation
It can also be a good idea to get a commercial insurance plan to reduce various liability risks. Owners who are going to run a business will consistently have different liability concerns. The best way that you can offset this concern is by getting commercial coverage as it will include a variety of liability coverage options to protect you and your organization.
Reach Out To Us
If you choose to open a business in the Northwest Arkansas area, it would be a good idea to get proper commercial insurance. As you are looking for a new insurance plan in this area, it would be a good idea to call our team at Adams Insurance & Financial. Our professionals with Adams Insurance & Financial understand the value of this insurance and will offer the help you need to get into a quality insurance plan.
Your home insurance policy protects the biggest investment you probably have ever made. While it does cover many possible things that could go wrong, you may want to consider some additional coverage. At Adams Insurance & Financial in Northwest Arkansas, we are here to provide the service our customers deserve.
Home Insurance Add-ons
A jewelry rider
If you have anything more than pretty basic jewelry, you should have a jewelry rider that provides the additional coverage you require. You need to get your jewelry appraised and then get enough coverage so that you can replace any of the pieces you have.
If you have artwork that is valuable, your regular policy will not cover it. You need to add a rider to your policy to give you the additional coverage that you need. You should have an appraisal done on your art so that you have the correct valuation in case the work is ever lost or damaged.
Sewer backup is not covered by your traditional home insurance policy. If you are worried about the possibility of this happening to you, you can add this coverage to your policy.
Identity theft coverage
In today’s world of stolen identities, this can be very valuable coverage. A lot of damage can be done to your finances and even your reputation. This coverage will help to restore what has been lost and any cost you may incur.
Sinkholes can happen almost anywhere these days. Any type of earth movement is not discovered by home insurance. You can add an additional policy to your home insurance to give you the coverage you require.
Get in touch with us
Contact Adams Insurance & Financial in Northwest Arkansas when you want help choosing the right home insurance.
Many people are familiar with common types of insurance products, including auto insurance and home insurance. However, these are not the only insurance products on the market. Here at Adams Insurance & Financial, serving the greater Northwest Arkansas region, we offer a coverage option known as financial insurance. If you have never heard of this coverage before, you may have many questions, including what financial insurance is and who can benefit from it. We are here to help answer your queries.
What is Financial Insurance?
Financial insurance is designed to help ensure that you do not outlive your retirement income. When you purchase financial insurance, you are paid a series of financial payments at specific intervals. Receiving these payments helps ensure you have money to live off of, and can be used to supplement your retirement benefits.
Who Can Benefit From Financial Insurance?
Those who wind up living long lives can typically benefit from financial insurance. Most people retire between the ages of 65 and 70, but your retirement may start to run out around 80 or 85. This means that you may find yourself in need of money at 85, 90, or even 95 years old. Financial insurance pays you money at specific intervals, helping to provide you with the money you need to live off of as you age. Those who live longer in life benefit most from this type of insurance.
Contact Us Today
Financial insurance, also sometimes called annuity insurance, helps to ensure someone does not outlive their retirement money. If you are concerned about having enough money as you age, financial insurance may be right for you. Contact us at Adams Insurance & Financial, serving the greater Northwest Arkansas region, to learn more about purchasing this type of insurance to help you remain financially secure in the future.
Do you have questions about life insurance? Having an insurance agent you can count on to answer those questions is important. At Adams Insurance & Financial in Northwest Arkansas, we have an experienced team of agents who are ready to provide the information you need to make a decision about what life insurance is right for you.
Life Insurance FAQs
When should I review my life insurance?
If there is nothing changing in your life, a yearly review should be adequate to make sure that you have exactly what you need. But if you have had any life changes, changing jobs, getting married, having children, or retiring, it is a good time to do a review of your coverage.
Do I need to buy life insurance if I get some from work?
Simply stated, yes you do. Can you guarantee that you will only work for this one employer for your entire work life? The average is 12 jobs in a lifetime. That means changing your life insurance 12 times. In order to secure the future of your dependents, you need to be in control of the amount of life insurance that you have. You need your own life insurance and your employer coverage is a nice additional benefit.
When is the best time to buy life insurance?
Before you need it is the obvious answer. When you are young and healthy, life insurance is the most affordable, but, for term life, it makes more sense to buy it after you have dependents. You want to make sure that your dependents are protected for as long as they need to be protected. With a 20-year term, you probably need multiple policies that extend the term you are covered to up to 30 years.
Give Us A Call
Contact Adams Insurance & Financial in Northwest Arkansas when you have questions about life insurance or need to get a life insurance policy.