Protecting Your Personal Assets

Insurance is asset protection. Without proper coverage, a single incident at your home or out on the road can radically and permanently alter your way of life and standard of living — in the blink of an eye.

At Payne Financial Group, our advisors are trained and experienced in the business of asset protection. We work with you to assess your needs and assemble custom portfolios of insurance products with appropriate coverage at competitive rates.

In fact, our expertise can often save you significantly across your policies. Our assessment process identifies the coverage you need. We compare your needs competitively among our carriers to get the lowest rates available. And, most of our carriers offer multiple-policy discounts.

With Payne Financial Group, you get the right insurance at the right price, and an advisor who’s looking out for you as your needs change. So you never end up wondering, “Am I covered?”

 

Protecting Your Personal Assets — Auto Insurance

 

You depend on your vehicle to get you where you need to go, whether for work or play. It’s a part of your life. Chances are, the thought of having an accident almost never crosses your mind. That’s why we’re here.

Our partner carriers offer a variety of coverage to help protect you when you need it most — in the unlikely event of an accident. We represent the highest quality insurers offering broad coverage with competitive rates. Most importantly, we assist you in identifying your personal liability needs to help ensure that your property is protected, and your way of life is too.

Through our carriers we can help make your premiums very affordable by considering the following discounts:

• multiple policy (automobile/home insured with the same carrier)
• safe driver
• low annual mileage
• safety-rated vehicle
• good student
• hybrid vehicle
• mature driver
• advance quoting
• accident forgiveness

In addition to traditional family automobile, we offer coverage for antique, classic and other collectible vehicles at agreed or market value.

 

 

 

Protecting Your Personal Assets — Homeowner’s Insurance

Owning a home is part of the American Dream. Yours might be a suburban house, riverside condominium, downtown apartment, lake cabin or mobile home. Regardless, it’s more than just a building. It’s the place you live, the place you keep many of the things that matter most to you and your family.

Your home is also a significant financial asset. You and your home deserve a policy tailored to your specific needs, one that gives you a sense of security and protection at a fair, competitive price. At Payne Financial Group, that’s what our advisors deliver.

What’s more, we make sure it isn’t just your house that’s properly covered. Inside your home’s walls and windows you own books, art, furniture, appliances and other items that would need to be replaced or repaired should you have a covered loss. Our policies cover these valuables and can even include broader coverage for specific items — paintings, jewelry, collectibles — of special, significant value.

Homeowner coverage from our carriers typically includes:

Extended replacement cost

Covers the cost of repairing your home if it is damaged in a covered incident — even if the cost exceeds your limits up to an additional percentage (i.e., 125 percent or 150 percent) — provided your home is insured for 100 percent of its replacement value.

Contents replacement cost

If you have a covered loss in which an item is destroyed or stolen, your policy will pay to replace the item up to the limits stated in the policy less your deductible. The difference between replacement cost and the actual cash value could be considerable.

Applicable discounts

• multiple policy discount (automobile/home insured with the same carrier)
• burglar alarms/fire alarms
• optional higher deductibles
• newer home credit
• mature homeowner credit

In the event of a catastrophic loss to your property, like a fire, you will need to reproduce an inventory of all of "your stuff" for the insurance company.  It is a good idea to have a home inventory list and video of your stuff kept in a safe place, separate from your home.  www.KnowYourStuff.org offers a free solution that will get you started.

 

 

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Protecting Your Personal Assets — Umbrella Coverage Options

Umbrella insurance policies provide an additional layer of liability coverage beyond other insurance policies, ensuring higher limits of liability against a variety of incidents.

Why is this important? We live in a litigious society where awards against homeowners continue to spiral out of control. The incidents generally begin innocently enough — your child playing with a friend on your trampoline, your pal borrowing your Jet Ski for the day, you taking your dog for a walk without a muzzle guard. But then an accident happens, equipment fails, a dog lashes out. Next thing you know, you find yourself in the middle of a contentious and expensive legal battle.

Your Payne Financial Group advisor excels at tailoring affordable umbrella policies to protect against these kinds of incidents. Our umbrella policies increase your liability coverage above your home, automobile, recreational vehicle or watercraft limits. They may even provide defense coverage and assistance with legal fees, saving you thousands of dollars in out-of-pocket expenses.

Personal umbrella insurance tailored to your family’s activities and financial needs offers you a powerful, yet inexpensive, safeguard against “losing it all” to a lawsuit.

 

Protecting Your Personal Assets — Recreational Vehicles

What do motor homes, motorcycles, golf carts, ATVs and snowmobiles have in common? All are expensive. All might be driven by a friend. All can damage property and people. And none is covered by standard automobile or homeowner insurance policies. In other words, if you want to protect your investment and yourself, recreational vehicle insurance is a must.

Your Payne Financial Group advisor can help you secure the right coverage for your needs. Our recreational vehicle policies cover property damage, bodily injury and damage to your own vehicle should you (or a guest operator) be found liable in an accident. In addition, we can guide you to the right additional coverage for personal property carried on or in your recreational vehicle.

 

Protecting Your Personal Assets — Watercraft Insurance

Ski boats, fishing boats, pontoon boats, sail boats, Jet Skis and other watercraft are fun, useful and often operated by family and friends of all ages. But they aren’t covered by most standard homeowner insurance policies.

Therefore, watercraft insurance is critical. Your Payne Financial Group advisor can help you secure the right watercraft-specific insurance policy. Our policies cover your boat of course, but they go beyond that to cover you personally should you (or a guest operator) be found liable for bodily injury or property damage to others.

In addition, we can advise you on the inclusion of specialized coverage for towing, wreckage removal, fuel spill liability, personal property carried on board and medical payments for passengers, including water skiers.

 

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Protecting Your Personal Assets — Renter's Insurance

Many people believe their landlord covers them for insurance when they rent a home, apartment or condominium.  This is one of those Old Wives Tales... If you want/need coverage it is your responsibility, plus many landlords now require that you carry a renter's policy.

So you've rented a brand new apartment, what could happen? 

Almost anything; a theft from your vehicle or apartment, a fire, water damage, or, someone could be injured while visiting you and sue you.  These are a few good reasons to carry renters insurance. 

For only a few dollars each month, you can make sure you have protection for your belongings, if someone is injured on your property, or for a lawsuit.  If you also have your automobile insurance with the same company, you could receive a discount on both your automobile and renter's policies.

Determining the correct coverage can be a challenge.  Completing an itemized inventory can assist you with this task.  Remember, you want to figure what it would cost to replace your property since most policies provide replacement cost coverage.

Contact us if you have questions or need assistance. 

Protecting Your Personal Assets — Life Insurance

Ensuring your family and estate are covered in the event of your death is important. At Payne Financial Group, our advisors understand this can mean something a simple as term life coverage or a more comprehensive financial planning program. A consultation with your advisor can help you identify needs, determine coverage amounts and choose the best financial vehicles.

On the personal side, options include term life, whole life, universal life, retirement plans, coverage for long-term care and disability income protection. If you own or operate a business, our advisors can also help you tailor continuity plans, create coverage for key personnel and more.

When developed with an advisor who understands your insurance portfolio and your family and business assets, these life insurance options and financial planning tools add peace of mind and ensure financial protection for you, your heirs and your business.

Life insurance options for you and your family:

• Term, whole and universal life insurance
• Quality retirement plans
• Disability income protection
• Long-term care insurance

Life insurance options for your business needs:

• Continuity plans
• Key person coverage
• Business life insurance
• Executive compensation
• Personal Term Life Insurance

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Protecting Your Personal Assets — Wedding Insurance

As wedding costs soar, wedding insurance can help protect a couple’s investment in one of the biggest days of their lives. Wedding insurance can help ensure the wedding day goes off without a hitch, protecting against risks including:

• Damaged or lost dress
• Lost deposits
• Lost rings
• Severe weather
• Transportation shutdown
• Ruined photos
• Call to duty
• Damaged gifts
• Sudden illness
• Venue requires insurance

Wedding insurance can also provide additional liquor liability insurance — a smart choice if alcohol is being served, especially if the wedding is held on a family member or friend’s property.

You'd protect your car, why not your wedding?

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