Home Insurance

Amber Venaglia

Amber Venaglia, Liberty University Online Academy Student, Excels and Inspire as a Performer

Posted on by Shield Insurance Agency

Poplin Amazing Kids.com | Amber Venaglia | | Shield Insurance Blog | Start An Insurance Quote Here

Amber Venaglia
2023 Amazing Kids – Portland
Age: 10
School: Liberty University Online Academy
Hometown: Portland, Or
WHY SHE IS AMAZING: Through Amber’s determination and hard work, she excels as a performer and uses her skills to inspire other young people.		PROUDLY SPONSORED BY:

OregonTech-Text

Amber Venaglia first picked up a mic when she was just two years old.

Before she could even talk, she went on stage after a church service and started humming to a piano tune in front of hundreds of people.

That’s when her parents knew she had a gift.

Amber Venaglia is only 10 years old

Now 10 years old, Venaglia ’s versatility is seen through her singing, dancing, acting, and her latest hobby — playing the piano. She said playing the piano is now her favorite because she likes learning new songs and has fast fingers.

She has danced with The Portland Ballet, did theater with Journey Theater Arts, and was awarded the title of World Ambassadress of Aspire Magazine. Her mom says Venaglia quickly excelled at creating music.

“When we found out she could sing, we only trained her for two months, and we were surprised she won the World Championships of Performing Arts — and when she was seven, she won Star of the Year in Hollywood,” she said.

Her dad, Edward, also taught her how to code, and now Venaglia, whose favorite subject is math, is a certified game developer.

Amber Venaglia has no fear

She sang the National Anthem for an NBA Lakers game earlier this year, and said that despite the large venue, she doesn’t get nervous when she goes up and performs. Instead, she is focused on what she’s practiced and feels proud to encourage other kids to do the same. Her mom is especially impressed by her daughter’s courage and focus.

“Most kids have stage fright. She doesn’t have that. She loves performing,” she said.

Venaglia is also proud of her Filipino heritage and is active in the local Filipino community’s youth group. She regularly sings at events and helps them raise funds through her performances. But, according to her parents, one of her most special traits is her determination to stick to something and improve.

“Every time she practices, she gets better and better and better, and she loves what she’s doing,” they said.

Although her talents impress many people, her parents say that at the end of the day, she is still a kid.

She’ll often be backstage hanging out and making friends with other kids, and then she’ll do a breathtaking performance and come right back to playing. Her dad says he makes sure to show how proud he is of her accomplishments.

“When she’s out doing her thing, it’s amazing just to hear her and give her a big hug and congratulate her,” Edward said.

Ultimately, Venaglia wants to inspire other young performers and show them what is possible.

“I’d like to reach out to other kids … and help kids reach their dreams and help be inspiring for them,” Venaglia told the Tribune.

Click here to learn more about Amber Venaglia

Recent Blogs by Shield Insurance Agency

Read More
A Tornado Can Strike in Seconds. Are You Ready?

A Tornado Can Strike in Seconds. Are You Ready?

Posted on by Shield Insurance Agency

While we can’t prevent tornadoes, we can help you craft a safety plan and prepare.
And know that if a tornado has damaged your property and you need to file a claim,
Shield Insurance Agency is here to help you online or by phone (616-896-4601).

Shield Insurance Blog | Tornado | Home Insurance | Start A Quote Today!

Tornado season is upon us and could bring more storms in the months ahead. In fact,
the U.S. experiences the most tornadoes of anywhere in the world. Last year alone
1,197 tornadoes tore through the country, costing over $1 billion in property damage.

While we can’t prevent tornadoes, we can help you craft a safety plan and prepare.
And know that if a tornado has damaged your property and you need to file a claim,
Shield Insurance Agency is here to help you online or by phone (616-896-4601).

Before a Tornado

Designate a Shelter

The best shelters are sturdy, windowless spaces with room for you, your family,
and pets.
A basement is ideal, though any low‑level, windowless room works, including
closets, hallways, interior stairwells, or a bathtub if you have a heavy blanket or
mattress as cover.

Create an Emergency Kit

Be sure your kit includes:

  • Food and Water for 72 hours, such as canned soup, granola bars, or
  • shelf‑stable goods, plus a can opener
  • Whistle or horn to attract attention should you become trapped
  • Battery or generator‑powered lights to conserve mobile phone power
  • First aid kit that includes bandages, antiseptic, and essential medicines
  • Battery or crank radio because cell towers may be down
  • Important documents, including copies of your ID, insurance
  • information, Social Security cards, a small amount of cash, and other
  • legal documents, such as wills
  • Extra pet food if needed

Know the signs of a tornado:

  • Dark green or sickly‑looking sky
  • Large hail
  • Low clouds, especially if they’re rotating
  • A roar often compared to a train whistle

What to Do:

  • If you hear or see these signs, or there’s a local tornado warning, shelter with family
  • and pets.
  • If you’re far from that shelter, try to find a sturdy community building, such as a church
  • or office building nearby.
  • If you’re in a vehicle and can’t find shelter, stay inside, and cover your head.

After the Tornado

  • Use your horn or whistle, or another implement to attract help if trapped.
  • Check your structure’s integrity. If you see cracks, rubble, or fallen beams,
    exit until it’s deemed safe to return.
  • You may need shelter. If so, text “Shelter” and your zip code to FEMA (43362).
  • Avoid downed powerlines. Even if they look inactive, wires may still carry a
    live current.
  • Avoid using lighters or flames. Even if you don’t smell gas, there may still be
    a leak.
  • Use generators safely. Vent generators outside. Carbon monoxide poisoning
    comes fast and can be deadly.
  • Monitor the radio.
  • Stay informed and safe by tuning your radio to reliable local news or emergency services.

File your claim from the Shield Insurance Agency website.

Shield Insurance wants to help you get your life back on track as fast as possible. We’ll be there after
a disaster – and anytime you need us. You can reach us 24/7 online or at 616-896-4600.

Check out More Shield Insurance Agency Blogs

Read More
Unlock the Hidden Benefits of Replacement Cost in Insurance Coverage!🚗🏠

Unlock the Hidden Benefits of Replacement Cost in Insurance Coverage!

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | Replacement Cost | Start a Quote Today!

When it comes to insurance coverage, understanding the different terms and options can be overwhelming. One term that often comes up is replacement cost also known as replacement value. But what exactly does replacement cost mean and how does it work with insurance coverage? In this blog post, we will explore the benefits of replacement cost coverage, how it works, and the importance of having replacement cost insurance.

Benefits of replacement cost coverage

Replacement cost coverage is a type of insurance that pays for the cost of replacing damaged or destroyed property with new items of similar kind and quality, without deducting for depreciation. This means that if your property is damaged or destroyed, you will receive enough money from your insurance company to replace it with a brand-new item, rather than receiving the actual cash value of the item.

One of the main benefits of replacement value coverage is that it provides you with the financial means to replace your property with new items. This can be especially important for items that depreciate quickly, such as electronics or vehicles. With replacement cost coverage, you won’t have to worry about receiving a lower payout due to depreciation.

How does replacement cost work?

Replacement cost works by taking into account the current market value of an item and the cost to replace it with a new one. When you file a claim with your insurance company, they will assess the damage or loss and determine the replacement value of the item. This is typically done by obtaining estimates from contractors or suppliers.

Once the replacement value has been determined, your insurance company will provide you with the necessary funds to replace the damaged or destroyed property. It’s important to note that replacement value coverage typically has a limit, so it’s important to review your policy and ensure that you have adequate coverage for your belongings.

Importance of replacement cost insurance

Having replacement value insurance is important because it provides you with the peace of mind of knowing that you will be able to replace your property in the event of a loss. Without replacement value coverage, you may only receive the actual cash value of your property, which takes into account depreciation.

For example, let’s say you have a 5-year-old television that is damaged in a fire. Without replacement value coverage, your insurance company may only provide you with the actual cash value of the television, which would be significantly less than the cost of a new television. With replacement cost coverage, you would receive enough money to purchase a brand new television of similar kind and quality.

Insurance replacement cost vs actual cash value

It’s important to understand the difference between insurance replacement cost and actual cash value. Actual cash value takes into account depreciation, meaning that the value of your property decreases over time. Replacement cost, on the other hand, does not deduct depreciation and provides you with the funds to replace your property with new items.

Understanding replacement value

In order to understand replacement value, it’s important to know how it is calculated. Replacement value is typically calculated by taking into account the current market value of an item and the cost to replace it with a new one. This can be determined by obtaining estimates from contractors or suppliers.

It’s also important to note that replacement costs can vary depending on the type of property being insured. For example, replacement value for a home may include the cost to rebuild the structure, while replacement cost for personal belongings may include the cost to replace individual items.

Shield Insurance Agency represents over 45 insurance companies

If you’re in need of replacement value insurance, Shield Insurance Agency can help. With over 45 insurance companies represented, they have the knowledge and expertise to find the right coverage for your needs. Whether you’re looking for replacement value coverage for your home, vehicle, or personal belongings, Shield Insurance Agency can provide you with the options and guidance you need.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. Don’t wait until it’s too late – protect your property with replacement cost insurance and have the peace of mind of knowing that you will be able to replace your belongings in the event of a loss.

More Blogs by Shield Insurance Agency

Read More
Insurance Made Easy: Discover the Power of Independent Insurance Agents!

Insurance Made Easy: Discover the Power of Independent Insurance Agents!

Posted on by Shield Insurance Agency

Shield Insurance Blog | Independent Insurance Agents | Meet the team | Start A Quote

In today’s fast-paced world, insurance is a necessity. Whether it’s for your home, car, or business, having the right insurance coverage can provide you with peace of mind and financial protection. However, navigating the complex world of insurance can be overwhelming, especially when faced with numerous options and policies. This is where the independent insurance agents come in.

Advantages of Using Independent Insurance Agents

Independent Insurance Agents Provide Expertise:

An independent insurance agent is a licensed professional who specializes in insurance. They have in-depth knowledge of the industry and can provide you with expert advice tailored to your specific needs. With their expertise, they can help you understand the intricacies of insurance policies and guide you toward the best coverage options.

Independent Insurance Agents Provide Guidance:

Choosing the right insurance policy can be a daunting task. An independent insurance agent can simplify the process by providing you with personalized guidance. They will assess your unique situation, evaluate your risks, and recommend policies that offer the most comprehensive coverage at the best price.

Recommendations:

Independent insurance agents work with multiple insurance companies, giving them access to a wide range of policies. They can compare different options and recommend the ones that best suit your needs and budget. This saves you time and effort in researching and comparing policies on your own.

Reliability:

When it comes to insurance, reliability is crucial. Independent insurance agents work for you, not the insurance companies. They have your best interests at heart and will go the extra mile to ensure you have the right coverage. They are committed to building long-term relationships with their clients and providing ongoing support.

Independent Insurance Agents Provide Support:

Dealing with insurance claims can be a complex and stressful process. An independent insurance agent will be there to support you every step of the way. They will assist you in filing claims, communicating with the insurance company, and ensuring a smooth and efficient resolution. Having someone on your side during these challenging times can make a significant difference.

Trustworthiness:

Trust is essential when it comes to insurance. Independent insurance agents are held to high ethical standards and are required to act in the best interest of their clients. They provide unbiased advice and recommendations, ensuring that you get the coverage you need without any hidden agendas.

Personalized Insurance Advice:

One of the significant advantages of working with an independent insurance agent is the personalized advice they offer. They take the time to understand your unique circumstances and tailor their recommendations accordingly. This ensures that you have the right coverage for your specific needs, giving you peace of mind.

Shield Insurance – Your Trusted Independent Insurance Agency

At Shield Insurance Agency, we understand the importance of having the right insurance coverage. As an independent insurance agency, we represent over 45 insurance companies, giving us access to a wide range of policies and options. Our team of experienced and knowledgeable agents is dedicated to providing you with the highest level of service and support.

Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. We are here to help you navigate the complex world of insurance and ensure that you have the right coverage for your needs. Trust us to be your reliable partner in protecting what matters most to you.

More Educational Blogs from Shield Insurance Agency

Read More
Stay Ahead of the Game Adding Additional Insured for Extra Security - Shield Insurance Blog

Stay Ahead of the Game: Adding Additional Insured for Extra Security

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | Additional Insured | Contact Us to learn more! | Start A Quote Today!

Insurance policies can be complex, and understanding the various terms and coverage options can be overwhelming. One such term is “additional insured.” In this blog post, we will delve into the concept of additional insured, its importance, and when it should be added to your policy. We will also explore additional coverage, policyholder obligations, and the role of Shield Insurance Agency in providing comprehensive insurance protection. By the end of this article, you will have a clear understanding and how it can benefit you.

Understanding Additional Insured Coverage and its Importance in Insurance Policies

Insurance policies typically provide coverage for the policyholder, but there are situations where additional coverage is necessary. Additional coverage extends the policy’s protection to other parties who may be involved in a claim or lawsuit related to the policyholder’s activities. This additional coverage is known as an “additional insured endorsement.”

Adding an additional insured to your policy is crucial in situations where you collaborate with other businesses, subcontractors, or vendors. By adding them as additional insured, you are ensuring that they are protected under your policy in case of any liability claims arising from their work on your behalf.

The Role of Additional Insured Endorsement and its Requirements

To add an additional insured to your policy, you need to request an endorsement from your insurance provider. This endorsement modifies your policy to include the additional insured and extends coverage to them.

The requirements for adding an additional insured may vary depending on your insurance company and policy type. Generally, you will need to provide the additional insured’s name, contact information, and their relationship to your business. Additionally, you may need to specify the scope of coverage you want to extend to the additional insured.

It’s important to note that adding an additional insured does not mean they have the same rights and responsibilities as the policyholder. They are only covered under the policy for claims arising from the policyholder’s actions.

Exploring Insurance Policy Additions and Terminology

Insurance policies can be complex, with various terms and additions that may confuse policyholders. Understanding insurance terminology is crucial to ensure you have the right coverage for your needs.

In addition to additional insured, there are other policy additions you may come across, such as additional coverage options, endorsements, and riders. These additions can enhance your policy’s protection and tailor it to your specific requirements.

It’s essential to review your policy thoroughly and consult with your insurance agent to understand the different policy additions available and how they can benefit you. This will help you make informed decisions about your insurance coverage and ensure you have adequate protection.

Policyholder Obligations, Protections, and Responsibilities

As a policyholder, you have certain obligations, protections, and responsibilities. It is crucial to understand these to ensure you comply with your policy’s terms and conditions.

Your obligations as a policyholder include paying premiums on time, providing accurate information to your insurance provider, and notifying them of any changes that may affect your coverage.

On the other hand, your policy provides you with certain protections, such as coverage for specified risks and financial compensation in case of covered losses. It is essential to review your policy to understand the extent of your protection and any limitations or exclusions.

As a policyholder, you also have responsibilities, such as maintaining a safe environment, implementing risk management strategies, and promptly reporting any claims or incidents to your insurance provider.

The Importance of Risk Management and Shield Insurance Agency’s Expertise

Risk management plays a vital role in protecting your business and minimizing potential losses. Shield Insurance Agency, representing over 45 insurance companies, understands the importance of comprehensive risk management strategies.

By partnering with Shield Insurance Agency, you gain access to their expertise in identifying potential risks, recommending appropriate coverage options, and ensuring your policy meets your specific needs. Their team of experienced agents can guide you through the process of adding additional insured to your policy and provide

More blogs by Shield Insurance Agency

Read More
Insurance Demystified: Understanding Actual Cash Value in a Snap 💰

Insurance Demystified: Understanding Actual Cash Value in a Snap

Posted on by Shield Insurance Agency

Understanding Actual Cash Value Insurance and its Importance in Insurance Coverage

When it comes to insurance policies, understanding the terms and definitions is crucial to ensure you have the right coverage. One such term that often arises is “actual cash value.” But what exactly does it mean? In this blog post, we will explain the concept of actual cash value in insurance policies, its importance in determining coverage, and how Shield Insurance Agency, representing over 45 insurance companies, can assist you in finding the right policy. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.

Actual Cash Value Explained

Actual cash value refers to the value of an insured item at the time of a loss or damage. It takes into account the item’s original cost minus depreciation. In simpler terms, it is the amount you would receive from your insurance company to replace or repair the item, considering its age, wear and tear, and market value.

For example, let’s say you have a five-year-old laptop that gets stolen. The actual cash value of the laptop would be calculated by subtracting the depreciation from its original cost. If the laptop’s original cost was $1,000 and its depreciation is estimated at 20% per year, the actual cash value would be $600 ($1,000 – ($1,000 * 0.2 * 5)).

Cash Value in Insurance Policies

While actual cash value is commonly associated with property insurance, it can also be relevant in other types of insurance policies. For instance, life insurance policies may have a cash value component that accumulates over time. This cash value can be borrowed against or used to pay premiums.

In property insurance, the inclusion of actual cash value in the policy can affect the premium you pay. Policies that provide coverage based on actual cash value tend to have lower premiums compared to those that offer replacement cost coverage. However, it’s important to consider the potential out-of-pocket expenses you may face if you need to replace or repair an item.

Insurance Coverage Explained

Understanding the coverage provided by your insurance policy is crucial to ensure you have adequate protection. Actual cash value coverage may be suitable for items that have depreciated significantly or are easily replaceable. However, for valuable items or those with sentimental value, it may be worth considering additional coverage options, such as replacement cost coverage or scheduled personal property coverage.

Replacement cost coverage provides reimbursement for the cost of replacing an item with a similar one, without considering depreciation. Scheduled personal property coverage allows you to specifically list and insure high-value items, ensuring they are fully covered in case of loss or damage.

Shield Insurance Agency and Finding the Right Policy

Shield Insurance Agency understands the complexities of insurance policies and can help you navigate through the various coverage options available. With a network of over 45 insurance companies, Shield Insurance Agency can provide you with multiple quotes tailored to your specific needs.

Actual cash value is an important concept to understand when it comes to insurance policies. It determines the amount you would receive in case of a loss or damage, considering depreciation and market value. While actual cash value coverage may be suitable for some items, it’s essential to evaluate your specific needs and consider additional coverage options for valuable or sentimental belongings.

Shield Insurance Agency, representing over 45 insurance companies, can assist you in finding the right policy that meets your requirements. Their experienced agents can provide you with multiple quotes and guide you through the process. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.

More Blogs by Shield Insurance Agency

Read More
Insurance Made Easy: 🚗 🏠 How Bundling Home and Auto Policies Can Simplify Your Life!

Insurance Made Easy: How Bundling Home and Auto Policies Can Simplify Your Life!

Posted on by Shield Insurance Agency

Shield Insurance Blog | Bundling | Contact Us | Start A Quote Today!

Are you tired of juggling multiple insurance policies and dealing with different insurance carriers? Do you wish there was an easier way to manage your insurance needs? Look no further! In this blog post, we will discuss the benefits of combining your home and auto insurance policies and how it can simplify your life. Read on to find out how you can save time, money, and stress by bundling your insurance coverage.

The Basics of Auto Insurance

Let’s start with the basics. Auto insurance is a type of coverage that protects you financially in case of an accident or damage to your vehicle. It is a legal requirement in most states and provides financial protection for both you and other drivers on the road. Auto insurance typically includes liability coverage, which pays for damages to other vehicles or property, as well as collision and comprehensive coverage, which cover damages to your own vehicle.

The Importance of Home Insurance

Now let’s talk about home insurance. Your home is one of your most valuable assets, and it’s crucial to protect it with the right insurance coverage. Home insurance provides financial protection in case of damage to your home or belongings due to fire, theft, natural disasters, or other covered events. It also includes liability coverage, which protects you if someone gets injured on your property.

The Benefits of Bundling

Now that we understand the basics of auto and home insurance, let’s explore the benefits of bundling these policies. When you combine your home and auto insurance with the same carrier, you can enjoy several advantages:

Convenience: Managing one policy is much easier than dealing with multiple policies from different carriers. You only need to remember one renewal date, make one payment, and communicate with one insurance agent.

Cost Savings: Bundling your insurance policies can lead to significant cost savings. Insurance carriers often offer discounts for bundling, which can result in lower premiums for both your home and auto insurance.

Enhanced Coverage: Bundling your policies can also provide enhanced coverage. Some insurance carriers offer additional benefits or higher coverage limits when you combine your policies.

Streamlined Claims Process: In case of an accident or damage to your home, having both policies with the same carrier can simplify the claims process. You only need to contact one insurance company, and they will handle both claims efficiently.

Factors to Consider when Bundling

While bundling your home and auto insurance can be beneficial, there are a few factors to consider before making a decision:

Insurance Carrier: Not all insurance carriers offer bundling options. It’s essential to choose an insurance carrier that provides both home and auto insurance and offers bundling discounts.

Insurance Comparison: Before bundling, it’s crucial to compare quotes from different insurance carriers to ensure you are getting the best coverage and price. Shield Insurance Agency represents over 45 insurance companies and can help you find the best options for your needs.

Insurance Discounts: In addition to bundling discounts, insurance carriers offer various other discounts that can further reduce your premiums. These discounts may include safe driver discounts, multi-vehicle discounts, or discounts for installing safety devices in your home.

Insurance Savings: Bundling your home and auto insurance can lead to significant savings. According to a study by the Insurance Information Institute, bundling can save you up to 25% on your premiums.

Making the Decision

Now that you have considered the benefits and factors, it’s time to make a decision. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK, and an agent will be in touch soon. Their experienced agents can guide you through the insurance decision-making process and help you find the best coverage options at the most competitive prices.

In conclusion, combining your home and auto insurance policies can simplify your life in many ways. It offers convenience, cost savings, enhanced coverage, and a streamlined claims process. However, it’s essential to consider factors such as the insurance carrier, comparison shopping, and available discounts before making a decision. Shield Insurance Agency can assist you in finding the best options for your insurance needs. Don’t wait any longer – start simplifying your life today by bundling your home and auto insurance!

More Blogs by Shield Insurance Agency

Read More
Replacement Cost or Actual Cash Value

Don’t Make a Mistake: Replacement Cost or Actual Cash Value Property Insurance – Which is Right for You?”

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | Property Insurance | Homeowners Insurance | Start A Quote Today

When it comes to protecting your property, having the right insurance coverage is crucial. One of the decisions you’ll need to make is whether to have replacement cost or actual cash value property insurance. Both options have their pros and cons, so it’s important to understand the differences and choose the one that best suits your needs. In this blog post, we’ll explore the benefits and drawbacks of each type of insurance coverage and help you make an informed decision.

Actual Cash Value: Understanding the Basics of Property Insurance

Actual cash value (ACV) is a type of property insurance coverage that takes into account depreciation when determining the value of your property. In the event of a covered loss, the insurance company will pay you the current market value of your property, minus depreciation. This means that if your property is older or has depreciated in value, you may receive less compensation than what it would cost to replace or repair it.

Replacement Cost: The Full Value of Your Property

Replacement cost coverage, on the other hand, provides you with the full value of your property at the time of loss, without deducting for depreciation. This means that if your property is damaged or destroyed, the insurance company will pay the cost to replace or repair it, up to the policy limit. Replacement cost coverage typically comes with higher premiums compared to actual cash value coverage, but it offers greater protection and peace of mind.

Property Insurance Comparison: Which Option is Right for You?

When deciding between actual cash value and replacement cost coverage, it’s important to consider your specific needs and circumstances. If you have older property or items that have depreciated significantly in value, actual cash value coverage may be sufficient. However, if you have newer property or items that would be costly to replace, replacement cost coverage is likely the better option.

The Benefits of Replacement Cost Coverage

One of the main benefits of replacement cost coverage is that it provides you with the funds necessary to replace or repair your property without incurring significant out-of-pocket expenses. This can be especially important if you have valuable items or if your property is located in an area prone to natural disasters. Additionally, replacement cost coverage can help you maintain the value of your property and ensure that you can rebuild or replace it to its pre-loss condition.

Contact Shield Insurance Agency for a Free Quote

Choosing the right insurance coverage for your property is a decision that should not be taken lightly. It’s important to carefully consider your options and weigh the benefits and drawbacks of each type of coverage. Shield Insurance Agency represents over 45 insurance companies and can help you navigate the complex world of insurance coverage options. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon.

In conclusion, whether you choose actual cash value or replacement cost property insurance depends on your specific needs and circumstances. While actual cash value coverage may be more affordable, replacement cost coverage offers greater protection and peace of mind. Consider the value of your property, the potential cost of replacement or repair, and your budget when making this important decision. Remember, Shield Insurance Agency is here to help you find the right insurance coverage for your property.

More Blogs by Shield Insurance Agency

Read More
Homeowners Insurance vs. Floods: 🏠What You Need to Know to Safeguard Your Home

Homeowners Insurance vs. Floods: What You Need to Know to Safeguard Your Home

Posted on by Shield Insurance Agency

When it comes to protecting your home, having the right insurance coverage is crucial. Homeowners insurance provides a safety net for unexpected events that can cause damage to your property. But what about floods? Are they covered under homeowners insurance? In this blog post, we will explore the topic of flood insurance and whether or not it is included in your standard home insurance policy.

Understanding Flood Damage and Homeowners Insurance Coverage

Floods can cause significant damage to your home and belongings. From structural damage to mold growth, the aftermath of a flood can be devastating. However, it is important to note that flood damage is typically not covered under a standard homeowners insurance policy. This means that if your home is damaged by a flood, you may be responsible for the costs of repairs and replacements.

The Importance of Flood Insurance

Given that flood damage is not covered under homeowners insurance, it is crucial to consider purchasing a separate flood insurance policy. Flood insurance provides coverage specifically for damages caused by floods, ensuring that you are financially protected in the event of a natural disaster. This type of insurance can help cover the costs of repairing or rebuilding your home, as well as replacing damaged belongings.

How to Obtain Flood Insurance in addition to Homeowners Insurance

Flood insurance is typically offered through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). This program provides flood insurance to homeowners, renters, and business owners in participating communities. It is important to note that flood insurance policies have a 30-day waiting period before they go into effect, so it is essential to plan ahead and purchase coverage before a flood occurs.

The Benefits of Working with an Insurance Agency

Navigating the world of insurance can be overwhelming, especially when it comes to understanding the intricacies of flood insurance. This is where an insurance agency can be a valuable resource. Shield Insurance Agency, for example, represents over 45 insurance companies and can help you find the right coverage for your needs. Their team of experienced agents can guide you through the process of obtaining flood insurance and ensure that you have the necessary protection in place.

In conclusion, flood damage is typically not covered under a standard homeowners insurance policy. To protect your home and belongings from the devastating effects of floods, it is important to consider purchasing a separate flood insurance policy. Working with an insurance agency, such as Shield Insurance Agency, can help you navigate the process of obtaining flood insurance and ensure that you have the coverage you need. Don’t wait until it’s too late – contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK and an agent will be in touch soon. Remember, being prepared is the key to protecting your home and your peace of mind.

More blog articles by Shield Insurance Agency

Read More
Is Your Credit Score Sabotaging Your Insurance Rates? Find Out Now!

Is Your Credit Score Sabotaging Your Insurance Rates? Find Out Now!

Posted on by Shield Insurance Agency

Shield Insurance Agency Blog | Credit Score | Contact Us

When it comes to insurance, many factors are taken into consideration to determine your premium. One of these factors is your credit score. Yes, you read that right! Your score can have a significant impact on your insurance rates. In this blog post, we will explore the relationship between your score and insurance premium, and how understanding this connection can help you make informed decisions about your insurance coverage.

Understanding the Credit Score’s Role in Insurance Premium:

Your credit score is a numerical representation of your creditworthiness. It reflects your financial history, including your payment history, outstanding debts, and credit utilization. Insurance companies use this information to assess the risk associated with insuring you. Studies have shown that individuals with lower credit scores are more likely to file insurance claims, leading to higher insurance costs for the company. As a result, insurance companies often charge higher premiums to individuals with lower scores.

Insurance Premium Impact on Credit Score:

While your credit affects your insurance premium, it’s important to note that your insurance premium can also impact your score. When you apply for insurance, the insurance company may perform a credit check, which can result in a hard inquiry on your credit report. Multiple hard inquiries within a short period can lower your score. However, this impact is usually minimal and temporary. It’s important to shop around for insurance and compare quotes to find the best coverage at the most affordable price.

Credit Score’s Influence on Insurance Premium:

The relationship between your credit score and insurance premium can vary depending on the insurance company and the state you live in. Some states have regulations that limit the use of scores in determining insurance rates. However, in states where scores are allowed to be considered, the impact can be significant. Individuals with excellent credit may enjoy lower insurance premiums, while those with poor credit may face higher rates.

Insurance Premium and Credit Score Relationship:

The relationship between your score and insurance premium is not always straightforward. Insurance companies use complex algorithms and statistical models to assess risk and determine premiums. While credit is an important factor, it is not the sole determinant of your insurance premium. Other factors such as your driving record, age, location, and type of coverage also play a role. However, maintaining a good score can help you secure better insurance rates and save money in the long run.

Insurance Costs and Creditworthiness:

Your creditworthiness, as reflected by your score, is an indicator of your financial responsibility. Insurance companies view individuals with higher credit scores as less risky and more likely to make timely premium payments. On the other hand, individuals with lower scores may be seen as higher risk and may be charged higher premiums to compensate for the potentially increased likelihood of filing claims. Improving your credit score can lead to lower insurance costs and potentially save you hundreds of dollars each year.

Your credit score plays a significant role in determining your insurance premium. Insurance companies use your credit score to assess your creditworthiness and determine the level of risk associated with insuring you. Maintaining a good credit score can help you secure better insurance rates and save money in the long run. If you’re looking for insurance coverage, it’s important to shop around and compare quotes from different insurance companies. Shield Insurance Agency represents over 45 insurance companies and can help you find the best coverage at the most affordable price. Contact Shield Insurance Agency at (616) 896-4600 for a free quote today or start the quoting process by visiting this LINK, and an agent will be in touch soon. Don’t let your credit score impact your insurance costs. Take control of your financial future and make informed decisions about your insurance coverage.

More blogs by Shield Insurance Agency

Read More