If you have ever bought life insurance, you probably did so to ensure your spouse and children would be able to meet their financial obligations in the event of your early death. This protection is what life insurance was designed to do. However, what happens when your children grow up and move out of the house? Your Nieroda Insurance Agency representative can help you answer these and other questions about your existing or new life insurance policy in Saint Charles, MO.

How Long Do I Need to Keep My Life Insurance Policy?

Even after your children grow up and move out of your home in Saint Charles, MO, you may still have a substantial mortgage. At a minimum, you should consider keeping enough life insurance to cover your mortgage so that your spouse will be able to remain in the home after your death. So, what about after the mortgage is paid off? How much life insurance should you keep then?

This depends on how dependent your survivors are on your current income. Student loan debt, home repairs, and a thousand other expenses can crop up. Consult with your family and your Nieroda Insurance Agency representative before decided to lower or drop your life insurance.

How Much Life Insurance do I Need?

Even after you decide to keep your life insurance policy, you have to determine how much coverage you need under your changed circumstances. First, calculate how much income your dependents will require if you die. Upon your death, your beneficiaries get a lump sum and have to determine how best to use the money.

Contact Us

Contact us online or call your Nieroda Insurance Agency representative today for information on all your life insurance needs.

Running your own business can be thrilling, but also, it comes with a lot of risks. So, whether you are running your first business or not, you need to master some things to help the business grow. You have to get employees, assets, and even sign some contracts to get your company up and running. What if you mess up something and end up losing everything? Will you be forced to start from the ground up?

As a business person, you need to know how to protect your business from various unexpected risks and what better way than to take a commercial insurance policy. However, understanding everything about commercial insurance can be tricky since it’s like learning a whole new language.

Nieroda Insurance Agency, which serves the people of St. Louis and Saint Charles, MO, understands how hard it is for people to comprehend insurance. So, we have taken the initiative to educate you more on commercial insurance in a language that you can relate. By doing this, you will be able to know which coverage option to take.

There are two main business insurance coverage options. Namely, commercial property coverage and commercial liability coverage. Let’s get into the details of the two.

Commercial Property Coverage

Every business must have assets to thrive in the market. Assets include buildings, vehicles, furniture, equipment, and stock among more. With a commercial property coverage, all your assets are protected from any disasters such as fire, vandalism, floods, and theft among more. Also, whatever your business loses as a result of not being operational, is covered. However, this depends on the insurance policy you have.

Commercial Liability Coverage

With this coverage, you are protected against any claims for any damage caused as a result of using your product, your operations, or your business grounds. Also, you are protected against any defense costs or any claims made arising from personal injury.

Nieroda Insurance agency has many other commercial insurance options, with these two being the main ones. So, if you are in St. Louis or Saint Charles, MO, please feel free to contact us to learn more about commercial insurance. Remember, we are here because of you.