Why Life Insurance Should be a Must for Most

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Sadly, some people will die young. While many folks would rather not think about something as morbid as death, the simple fact is that you and your family must prepare for every contingency. If you or a loved one passes away, it will not only be an emotional burden but often a financial one as well. Fortunately, the right life insurance plans can mitigate risks. If you are considering life insurance plans, get in touch with AHI Group. We serve Olathe, KS and other communities and would be happy to explain various life insurance options to you.

The Financial Security Life Insurance Provides

Unfortunately, when someone passes away, a family will often lose many valuable resources. While the first consideration after death should be emotional and should focus on grieving, the simple fact is that death can leave a family in a dire financial situation. This will make it hard for the family to plan a funeral and to grieve.

That said, life insurance policies may provide financial assistance in the event of a death. To be clear, you’ll need to read the fine print of any insurance policy you’re considering, or you should work with an insurance agent. What is covered can vary from plan to plan. An insurance pro can help you select the right plan for your given situation.

The payout provided by insurance can greatly reduce stress for the surviving family members. The funds could be used to help pay for a funeral, cover mortgage payments, and fund child care. This will greatly reduce the stress for surviving family members, which in turn will help them focus on grieving and supporting loved ones.

Think you need to take out a life insurance plan?

Contact the AHI Group, which serves Olathe, KS and other communities.

Understanding flood coverage in renters insurance

Posted on by AHI Group

You may already know what an “endorsement” in insurance is. You may already know that a standard home policy won’t cover flooding, and that in order to have flooding coverage in your policy you’ll need to purchase an endorsement to modify your existing coverage. This makes sense with home insurance. Water damage can be detrimental to someone’s property.

What you may not know is that renters are eligible for flood insurance as well, even while renters insurance doesn’t insure the physical unit where you live it does insure your belongings, which could be at risk if your unit were to flood. Flooding occurs in every U.S. state and just a few inches of standing water can cause irreparable damage to your belongings. Here’s what you need to know about flood coverage in renters insurance.

An overview of renters insurance

Renters insurance, also referred to as tenant insurance, is a crucial financial safeguard for individuals and families who are residing in rental properties. It offers protection for personal belongings, liability coverage, and additional living expenses in the event of covered perils such as fire or theft. However, there’s a notable gap in standard coverage regarding floods, a peril that can cause significant damage to property and possessions – especially in some areas of the U.S., and especially for those residing in “at risk” homes or units, such as those on the ground floor or below-ground, and those near lakes, rivers, and in low-lying regions or valleys.

Mending the gap: Adding flood coverage to renters insurance

Floods, though not always top of mind for renters, can pose a substantial risk, especially in certain geographical areas. Many standard renters insurance policies don’t automatically include coverage for flood-related damages. To bridge this gap, renters have the option to add specific flood coverage to their policies. This additional protection ensures that the financial impact of flood-related losses, such as damage to personal property and the cost of temporary living arrangements, is mitigated.

Flood insurance, when added to a renters policy, typically insures against:

  • Overflow of tidal or inland waters, including flooding due to prolonged rain, overflow of rivers, lakes, or other freshwater bodies, and storm surges.
  • Flash floods, which can include sudden and intense floods (known as flash floods) which occur with little to no warning.
  • Mudflows and landslides due to heavy rainfall, although this isn’t true of every policy.
  • Storm-related flooding due to tropical storms, hurricanes, and other severe weather events.

Flood insurance will almost never cover tsunamis or saltwater flooding. Flood insurance will also not cover water damage due to poorly maintained piping or appliances which break and cause damage over time.

Flood insurance may insure you for the repair or replacement cost for your personal belongings damaged by flooding as well as the cost to temporary relocate elsewhere while your home/unit is being restored following a flooding event.

Quick Questions about Flood Insurance as a Renter:

How much does flood insurance cost to add to renters insurance?

The cost of adding flood insurance to renters insurance can vary based on several factors. These may include the location of the rental property, the level of flood risk in that area, the chosen coverage limits, and the insurer’s specific pricing policies. Generally, the cost can range from a relatively modest annual fee to a more significant amount, depending on the perceived risk of flooding in the region. Renters can enlist an agency like AHI to obtain an accurate quote tailored to their specific circumstances and see for themselves how much the endorsement will cost to add. Keep in mind that renters insurance on its own tends to be relatively inexpensive, and even the addition of flood insurance may still be far from “breaking the bank.”

How do I know if I need flood insurance as a renter?

Determining the need for flood insurance as a renter involves assessing what kind of risks flooding poses to you and your home. Factors to consider include the property’s location, proximity to bodies of water, historical flood data for the area, and local floodplain maps. Areas designated as high-risk flood zones by the Federal Emergency Management Agency (FEMA) are more likely to experience flooding, and obtaining flood insurance is often strongly recommended in these regions. Additionally, renters should consider the potential consequences of flood-related damages to their personal belongings and the cost of temporary relocation. If the rental property is in a moderate-to-high-risk flood area, or if there’s a history of flooding incidents, it’s not a bad idea for renters to seriously consider adding flood insurance to their renters insurance policy. We recommend reaching out to an expert agency, like AHI, to review your flood risk and provide you with valuable insights to help you make a more informed decision!

Is flood insurance something you should add to your renters policy?

As a renter, assessing your flood risk and considering the addition of flood insurance keeps you well-prepared for the potential damages to your personal property and living space that flooding could bring. At AHI Group, we are committed to helping you navigate the complexities of renters insurance. Take a moment to review your policy with us, ensuring that you have the right coverage to safeguard your belongings and provide peace of mind in the face of unexpected challenges. Your protection is our priority, and we’re here to assist you every step of the way.

Weathering the storm: What to do after a major snowfall

Posted on by AHI Group

Kansas recently experienced an unexpected snowstorm, burying the bulk of the metro area in 6 inches of snow. As the snow settles, the real work begins to ensure a smooth recovery process. While this particular storm may not have been “world-shattering” for many residents, it’s a fair reminder of our need to be prepared in the event of unexpected disasters. In this guide, we’ll walk you through the essential steps to take after a major weather event, offering valuable insights on how to restore normalcy to your living or working space.

And, for those seeking professional assistance in the cleanup after a snowstorm (even our most recent one), we’ve partnered with Sage Restoration, experts in emergency services such as water extraction, fire, and smoke cleanup. If you need to make a claim, we highly advise enlisting their services to get yourself back to normal ASAP.

Step one: Assessing the damage and taking stock of the aftermath

Begin by conducting a thorough assessment of your property, inside and out. Check for visible damages such as roof leaks, broken windows, or structural issues. Pay close attention to the foundation and ensure there are no signs of shifting or cracking. Additionally, inspect electrical systems and appliances for any potential hazards.

As you survey the exterior, be mindful of fallen trees or branches that may pose immediate dangers. Note any downed power lines and keep a safe distance. Take photographs or videos to document the extent of the damage for insurance purposes. This documentation will serve as valuable evidence when filing claims. And, perhaps most importantly, consider your own safety and if you are worried about re-entering your home after a major event, consult with professionals before re-entering.

Step two: emergency measures: Prioritizing safety and mitigation

Once you’ve evaluated the damage, focus on immediate actions to safeguard yourself and prevent further harm to your property. Prioritize safety by turning off gas and electrical utilities if necessary. If you smell gas or suspect a leak, evacuate the premises immediately and contact the utility company.

Mitigate risks by securing vulnerable areas. Cover broken windows with plastic or boards to prevent further exposure to the elements. Use tarps or buckets to collect water from leaks and reduce interior damage. If water has infiltrated your home, place towels or buckets strategically to minimize its spread.

Consider seeking temporary shelter if your home is unsafe. Local authorities often provide emergency shelters during severe weather events.

Step three: Dealing with flood and moisture issues

As the snow begins to melt, one of the primary concerns is water damage. Addressing this issue promptly is crucial to prevent long-term structural problems and mold growth. Start by identifying areas affected by flooding or excessive moisture. Remove standing water using pumps or wet vacuums, and open windows and doors to enhance ventilation.

After extracting visible water, focus on thoroughly drying the affected spaces. Use dehumidifiers to reduce humidity levels, aiding in the prevention of mold proliferation. Remove wet or damaged materials such as carpets, insulation, and drywall to minimize potential health risks and accelerate the drying process. Professional water extraction services, like those offered by Sage Restoration, can ensure a comprehensive and efficient restoration of your property.

Step four: Rebuilding and recovery

After mitigating immediate concerns, shift your focus to rebuilding and long-term recovery. Begin by developing a comprehensive recovery plan. This should outline the necessary steps, timeline, and budget for the restoration process. Engage with professionals, such as contractors and restoration experts, to assess the structural integrity of your property and create a detailed plan for reconstruction.

Coordinate with your insurance company to understand the coverage and file necessary claims. Keep all documentation from the initial assessment, as well as receipts and records of expenses incurred during the recovery process.

Partnering with the best

AHI Group is proud to partner with some of the best companies in KS, MO, and NE – like Sage Restoration. The restoration and recovery process is one unspoken part of insurance that often goes underappreciated. Insurance agencies and companies work with top-rated restoration services to ensure their policyholders’ expedited recovery and return to normal.

For further questions about recovering from a major weather event, like a huge snowstorm, give us a call here at AHI Group. We’re more than happy to discuss your needs or give you guidance when you need us most to help you get back to life as you once knew it.

What does it mean to have full car coverage?

Posted on by AHI Group

When it comes to auto insurance, you have options. Nearly every state in the USA has mandatory auto insurance, and of those states there’s a certain kind of auto insurance you are required to buy. You may be eligible, depending on your record, to purchase insurance add-ons to further customize your coverage, such as comprehensive and collision. Some consumers opt for what’s known as “full car coverage” – but what is that, really?

What is full car coverage?

To break it down briefly, full car coverage doesn’t actually exist. There’s no way to buy auto insurance coverage that fully insures your vehicle against every potential risk out there. Full car coverage generally refers to an automobile owner who drives a vehicle that is insured with collision, comprehensive, and liability coverage. Insurance companies may also offer additional protection, such as coverage for rental cars or even ticket forgiveness.

While it’s not “full car coverage” in the sense that it insures against every possible risk, it’s the fullest available car coverage there is. So, when you see the term “full car coverage,” this is actually referring to the combination of insurance coverages designed to protect a driver financially for damages done to their vehicle, the passengers or occupants of that vehicle, and any other individuals involved in the accident.

*Key takeaway here: there is no definition for full coverage auto insurance. Your best bet is to work with an agent to determine what options give you the fullest, most attainable peace-of-mind.

What are all the coverages included in full car coverage?

While the definition of full coverage may differ from insurer to insurer, here are the coverages you may expect to have included in a “full car coverage” plan:

Liability Insurance

If you are in your vehicle and get into an accident, this coverage helps pay for the damages and injuries. It is required in virtually every state in the USA, with the exception of New Hampshire. Certain states will mandate certain levels of coverage, usually between $200,000 and $1 million. Most insurers offer the option to increase your coverage.

Uninsured or Underinsured Motorist Insurance

In states where it’s mandatory to have insurance, some drivers still opt to go without. If you get into an accident with an uninsured driver, or perhaps a driver who flees the scene, this coverage will protect you from the damages to your vehicle, or even medical expenses you incur in the accident.

Personal Injury Protection (PIP)

Depending on the state, PIP or personal injury protection may be mandatory to protect you from the cost of medical expenses for you or others in your vehicle. Some types of PIP can include coverage for lost wages and other expenses for injuries in an accident.

Collision Insurance

Collision insurance is optional and may be purchased to increase your coverage to protect against damages done to your vehicle in an accident, even if you were responsible. It may also protect against damage to your vehicle if you hit something stationary or if your vehicle rolls over.

Comprehensive Insurance

Comprehensive coverage is optional as well and insures your vehicle against damages due to things other than accidents, specifically when your vehicle is not moving. An example of this is if a tree falls on your vehicle in a storm or if someone breaks your window attempting to steal something in your car.

With some optional coverages, specifically collision and comprehensive, a deductible will apply. This means that to have a claim paid out, you’ll need to pay your deductible amount towards the repairs before your insurance company pays for the remainder.

Other auto insurance options

Depending on your state and your insurer, you may be eligible for additional insurance options to help further “round out” your policy. Some examples include:

  • Gap Insurance: Aka loan or lease payoff insurance, this insurance helps to pay for the gap left on what you owe for your vehicle if it’s wrecked in an accident.
  • Car Rental Coverage: This insurance option offers car rental reimbursement, as rental shops will often offer insurance, but at a very high price with very minimal coverage.
  • Towing and Roadside Assistance: Some insurers will automatically offer this coverage, where for others it’s an option to include it. Roadside assistance coverage, to cover the costs of towing and changing flat tires, can be a great asset to have.
  • Glass Breakage: Glass damage regularly falls under comprehensive coverage, but if you have a high deductible that could wipe out any glass coverage you’d get. With full coverage, you might have the option to get better protection for glass coverage with no deductible (but a slightly higher premium).

Ask an agent about these coverages for more information, or for more suggestions on what to include to have fuller car insurance.

Should I have full car insurance coverage?

In no situation is full car coverage beyond the state mandatory technically required, although certain coverages may be asked of you if you’re lending or leasing a car. Otherwise, optional coverages are entirely up to your preference.

We would recommend considering additional protections, specifically collision and comprehensive, especially if you don’t have enough money saved to cover yourself in the event of an accident. You are best off purchasing coverage which addresses the biggest likelihoods. Note that having a low deductible may result in high premiums, so if you want to save on your premiums you’ll choose a lower deductible.

Talk with an agent if you aren’t sure. A representative from AHI can help you decide on what options are best suited to your needs, what makes the most sense, and what’s the most affordable. Call us today!

Is life insurance a smart investment for millennials?

Posted on by AHI Group

Within the landscape of personal finance, millennials may find themselves navigating a score of different options to secure their financial future. They’re a generation known for embracing change and redefining traditional norms – including their approach to investments. One topic that often sparks debate is the role of life insurance in a millennial’s financial portfolio.

A millennial is anyone born between 1981 and 1996. Millennials within this range may be approaching a variety of different milestones in life, but many, if they haven’t already, may be starting to think about their financial future. Life insurance is one of many options, but is it a smart investment?

Why buy life insurance as a millennial?

In 2024, a millennial is anyone ages 28 to 43. Within this age range, millennials may be getting married, having children, buying their first homes, starting businesses, etc. – all milestones worthy of life insurance protection. To put it simply, life insurance isn’t a purchase associated with a specific generation or a specific age. It’s a policy best purchased when the prospective policyholder has something worth protecting, or someone. Sometimes, this is an investment, like a home or business, but most of the time it’s a spouse or dependent(s).

We advise purchasing life insurance younger because life insurance is cheaper the younger you buy it, but in the end it’s something you should get when you need it, not just because you’ve reached a certain age. For example, purchasing life insurance to help pay off their mortgage for their family in the event of their unexpected passing is a no-brainer – and that can happen at 25, 30, 35, or even 40.

What reasons are there to purchase life insurance as a millennial?

The average age for purchasing a home in America in 2022 is 36, where the average age for purchasing a home in 2021 is 33. Millennials, being between 28 to 43, fall just in that range. Protecting your family from having to pay off your mortgage in your absence is just one reason why a millennial might buy life insurance, but it tends to be one of the more common incentives.

*Source from the National Association of Realtors (NAR).

Here’s some other reasons why a millennial might want to purchase life insurance:

  • To provide financial support for spouses, children, or other dependents.
  • To help cover financial obligations like loans, mortgages, or other debts.
  • To lock in lower premiums at a younger age.
  • To use as a tool for business continuation planning or to fund a buy-sell agreement.
  • To replace lost income, ensuring family members can maintain their standard of living.
  • To cover funeral and burial expenses for family members.
  • To provide liquidity in covering estate taxes or ensuring an inheritance for beneficiaries.
  • To ensure coverage before developing health issues at a later age.
  • For a sense of security – knowing loved ones are financially protected.

Like any individual in any age group, it’s essential for millennials to carefully assess their current needs or even work with an agent to determine if life insurance is a good choice for them.

What type of life insurance should a millennial buy?

It depends on the individual, really. There’s no clearcut answer, and with the range there is between the youngest and oldest millennials, it’s hard to say given that you could be at any one stage of life.

Some considerations for millennials buying life insurance include:

Current Financial Situation

  • Millennials with tight budgets may lean towards term life for cost-effectiveness.

Long-Term Goals

  • Consider whether lifelong coverage and a cash value component align with long-term financial goals.

Financial Responsibilities

  • Assess current and future financial obligations to determine the necessary coverage duration.

Investment Preferences

  • Decide whether the insurance policy should serve purely as protection or also as an investment/savings tool.

Flexibility Needs

  • Evaluate the need for flexibility in adjusting coverage based on life changes.

What’s the difference between term and permanent life insurance? In short, permanent life insurance offers lifelong coverage and usually features a cash value component, which accumulates with time. Permanent life insurance may be the better option for those who want to focus on estate planning and legacy, as well as a permanent solution for dependents who may need long-term care.

Term life insurance is better for the everyday millennial, or just someone who needs coverage over a set term (such as until kids are adults and financially independent, until mortgage or debts are paid off, and so on) and is often the more inexpensive option.

Financial Planning with AHI Group

As millennials, securing a robust financial future requires a nuanced understanding of the choices available. AHI Group’s expertise in providing comprehensive insurance solutions prompts an exploration into the distinctions between term and permanent life insurance. The focus here is on cost-effective alternatives that resonate with the budget-conscious approach of this generation. Additionally, delving into the integration of life insurance into a broader financial strategy is crucial. AHI Group’s insights into coverage, flexibility, and long-term planning can offer valuable perspectives tailored for millennials. Give us a call today to start the conversation.

What’s Driving Up the Cost of Auto Insurance?

Posted on by AHI Group

Auto insurance rates are on the rise. Just in the last year alone, auto insurance rates have risen by 18.9%, according to data from the U.S. Bureau of Labour Statistics. For states whose rates were already on the higher end, it seems like there’s no relief in sight. For many vehicle owners, this can be incredibly discouraging. Auto insurance is a must-have purchase, but why is it becoming so expensive?

In previous articles, we’ve covered topics related to rising auto insurance prices like the hard market its relation to insurance rates as well as high auto insurance pricing for teens and new drivers. In this blog post, we dig a little deeper into the issue with data from SafeCo. We aim to take a look at some global events causing significant ramifications to auto insurance pricing, stats, and more to help broaden your understanding of the current issue as a policyholder, and perhaps give you a starting point on how best to manage your premiums.

Ripples from the COVID-19 Pandemic

This article was written in 2023, and so while the initial outbreak is long behind us and it isn’t looking like we’re going to be seeing any unexpected closures for some time, COVID-19 has had a ripple effect on the economy. During COVID-19, we saw a tremendous depletion in the supply of both new and used vehicles, and even now we have yet to see those inventories come back to what they were. Since 2020, the price of new cars has risen by 20%, and the price of used cars has increased by 37%. 

*Source: Federal Reserve Bank of St. Louis, Consumer Price Index.

What does this mean when it comes to insurance? Well, it’s not really about the number of used or new cars available on the market – it’s about the same market dynamics impacting the number of car parts available to do repairs. Since the end of 2022, car parts and equipment have been about 22.3% This means that the cost to repair vehicles has increased, resulting in higher claim payouts for insurance companies. As a result? Higher claim payouts = the need to raise rates to ensure an adequate pool of payout money for insured losses. 

*Sources: Consumer Price Index, 2022 TechForce Foundation Technician Supply & Demand Report.

Medical Care Costs on the Rise

During COVID-19, work-from-home and stay-at-home orders had fewer vehicles driving on the road, and therefore the number of fatalities and injuries declined – severely. That spiked when many orders were lifted in 2021, peaking, before somewhat falling again. With the rising cost of medical care, personal injury protection and bodily injury liability claim costs continue to spike. Between 2020 and 2022 alone, the cost of medical care in the U.S. jumped by 6.8%.

*Source: Producer Price Index, Federal Reserve Bank of St. Louis.

The Higher the Cost of Losses, the Higher the Premiums

Although it might seem unfair, especially if you have not made a claim or been in an accident, the way insurance works is that to afford the high cost of claim payouts, insurers need to raise rates. It’s a hard hit for low-income and otherwise vulnerable drivers, some of which may need to weigh the cost and benefits of car ownership altogether. 

Premiums Vary State-by-State

Although the average change in car insurance premiums between 2022-2023 was around 17% on average across the United States, that number has varied drastically between each state. An infographic from FINN America at the Washington Post gives us the breakdown, the most notable of which we will highlight in a list below:

  • Minnesota: 4% increase
  • Kansas: 11% increase
  • Colorado: 53% increase
  • Florida: 88% increase
  • Texas: 21% increase
  • Nevada: 51% increase
  • California: 16% increase
  • Nebraska: 46% increase
  • Iowa: 29% increase

State-specific increases can be due to a number of reasons, for example: Colorado’s car insurance premiums have seen a tremendous increase of 50%+, largely in part due to the huge number of tornadoes, blizzards, and hailstorms resulting in an increased number of claims. Florida, by the same token, has increased its premiums due to insurers needing to make up for losses resulting from hurricane damages. All states have been impacted by payouts driven by natural disasters, the high cost of replacements and repairs, inflation, the higher cost of luxury vehicles, and more. 

What Do We Do?

To many, it might seem like there’s really no escape from higher premiums, since many of us are dependent on our vehicles to get to work and manage family affairs. Car insurance is required by law, so to drive, you must have it. Getting caught driving without is oftentimes costlier than a year’s average premium, so it’s just not worth the risk. 

In the face of rising auto insurance premiums, it’s good to have a subject-matter expert in your corner. Working with an agent, like any representative from AHI, can help you gain industry insights and arm you with knowledge on how best to save. We’ll recommend different discounts you may be eligible for and offer personalized advice to help you cut costs.

Navigating a Costly Insurance Landscape

The matter of factors influencing auto insurance rates demands a nuanced understanding, and although we hope that our exploration has shed some light on key contributors, the field is ever-changing.

As policyholders try to make sense of the shifting dynamic, AHI Group stands as a steadfast partner committed to providing tailored solutions for residents of Kansas, Nebraska, Texas, and beyond. AHI is poised to guide you through the intricacies of your coverage. We encourage you to take an active role in managing your insurance costs by reaching out to our dedicated team. Contact AHI today to discover potential avenues for cost reduction, discount opportunities, and more. 

State Farm No Longer Insuring Hyundai or Kia

Posted on by AHI Group

Car owners across the country have started to see what the impacts of auto theft are doing to their insurance rates, and some more than others. Certain vehicles are stolen more frequently than others, which can cause insurance rates for drivers of those cars to appear much higher. Among the list of most stolen vehicles includes Hyundai and Kia; in some instances carriers are removing them from their “insurable” list altogether, refusing to insure new customers and non-renewing current ones. State Farm, the largest provider of property and casualty insurance in the United States, has done the very thing.

Why is this? What are the options for drivers of Kia and Hyundai vehicles? How can we still get affordable auto insurance, even if we drive these vehicles? We cover this topic – and more – below.

Kia and Hyundai vehicles as top targets for auto theft

Kia and Hyundai vehicles are both being sought after by auto thieves due to their ease of access. Back in 2021, a social media “craze” popped up wherein it was demonstrated how easily these vehicles’ manufacturers’ anti-theft tech could be overridden. The easier vehicles are to steal, the likelier they’ll be stolen – and this logic applies to any vehicle, which is why we so heavily stress the importance of making your vehicle more difficult to thieves.

Now, the manufacturer oversight is being remedied. Before this, all that a thief needed to steal a Kia or Hyundai vehicle was a USB cord and a screwdriver. This was due to the fact that the vehicles being targeted did not have a specific immobilizer safety feature, leading to the hike in thefts and the vulnerability of these specific cars.

Which models of Kia and Hyundai are being targeted?

This list is subject to change as situations evolve and can depend on your specific carrier. As it stands, the following list of Kia and Hyundai are the ones being targeted by auto thieves due to their lack of immobilizer safety feature and ease of access.

The following models of Kia being targeted include:

  • 2011-2022 Sorento 
  • 2011-2022 Seltos 
  • 2021-2022 K5 
  • 2011-2021 Forte 
  • 2011-2020 Optima 
  • 2012-2021 Rio 
  • 2011-2021 Sedona 
  • 2011-2022 Sportage 
  • 2020-2022 Soul 

The following models of Hyundai are being targeted:

  • 2013-2020 Elantra GT 
  • 2020-2021 Venue 
  • 2011-2019 Sonata 
  • 2011-2022 Elantra 
  • 2013-2014 Genesis Coupe 
  • 2011-2022 Tucson 
  • 2011-2022 Kona 
  • 2019 Santa Fe XL 
  • 2020-2021 Palisade 
  • 2013-2018 Santa Fe Sport 
  • 2013-2022 Santa Fe 
  • 2018-2022 Accent 
  • 2012-2017 and 2019-2021 Veloster 

How to protect your vehicle from car thieves

In a world where car theft remains a persistent concern, safeguarding your vehicle is an essential aspect of car ownership. Whether you own a popular model or a prized possession, taking proactive measures to protect your vehicle from potential theft is crucial. From leveraging advanced security technologies to adopting simple yet impactful habits, we have some key steps to help you fortify your vehicle against the ever-present threat of car thieves.

Use steering wheel locks

Consider using a steering wheel lock as an additional physical deterrent. These devices make it more challenging for thieves to steer the vehicle, even if they manage to start it.

Install a car alarm system

Invest in a reputable car alarm system that includes loud sirens and flashing lights. Visible deterrents can discourage thieves from attempting to steal your vehicle.

Be mindful of keyless entry vulnerabilities

If your vehicle has keyless entry, be aware of potential vulnerabilities. Consider using a Faraday pouch to block signals and prevent relay attacks.

Park strategically

When parking, turn your wheels toward the curb, making it more difficult for thieves to tow your vehicle. If you have a garage, use it to secure your car.

Register with a vehicle recovery service

Enroll in a vehicle recovery service that works with law enforcement to track and recover stolen vehicles. Check if your insurance provider offers such services.

Stay informed about local crime trends

Stay updated on local crime trends and be aware of any specific risks in your area. Knowledge about recent thefts can help you take extra precautions.

Educate family members

Ensure everyone in your household is aware of security measures and follows them consistently. A collective effort enhances overall vehicle security.

Can you still get insurance with a Hyundai or Kia vehicle?

There are still carriers who will insure Hyundai and Kia, so if you have been non-renewed there are options available for you. You may have to take your vehicle to your nearest dealership and request that they make theft deterrent upgrades, as well as keep the documentation to show your insurer.

Working with AHI Group can help you find the best, most affordable insurance for your Hyundai or Kia. We work with a variety of carriers, many of which are still willing to insure your Hyundai or Kia vehicles.

What you need to know to insure a Hyundai or Kia with carriers like State Farm

While State Farm and similar carriers may be refusing to insure Hyundai or Kia vehicles, there are some exceptions. To be insurable through your current carrier, whether State Farm or similar, you may need to follow one or more of these criteria:

  • Have the anti-theft security kit or software installed, plus have a copy of the service record as proof for your insurer to see.
  • Have a push button start. Usually push button models will not be affected by this new ruling. You may need to supply a photo of the push button as well as your vehicle’s VIN number.
  • Have a kill switch installed. You will need to supply documentation of this.

If you fail to meet these eligibility criteria with State Farm-like carriers, then the vehicle may still be insured – however it will be insured with liability only and cannot be insured with physical damage coverage. You won’t be able to add collision or comprehensive coverage unless you have completed one of the above eligibility criteria.

To discuss more about insuring Hyundai or Kia vehicles today, or if you’re looking for a free auto insurance quote for your Kia or Hyundai, give us a call at AHI Group.

Whose Insurance Covers Grandma if She’s Run Over by a Reindeer?

Posted on by AHI Group

You know one of the more popular (albeit morbid) Christmas songs, “Grandma Got Run Over by a Reindeer” once originally performed by Elmo Shropshire in 1979? (We highly recommend not looking into the background of that song, by the way!) While totally fictional, it does remind us that the holiday season, while intended to be full of laughter, cheer, and merriment, exposes us to a lot of potential liability risks. Between icy roadways and drunken partygoers, whose to say someone won’t get hurt? If someone does, how does our home or tenant insurance help?

This article covers personal liability insurance and some ways to prevent injuries during the holiday season. If you have any questions about your insurance limits, call us here at AHI.

What is Personal Liability Insurance?

Both your home insurance and auto insurance contain a liability component. In this article, we’re erring more on the topic of homeowners insurance-offered personal liability insurance. This coverage may help you and your household pay for injuries and incurred legal fees if an incident occurs to another person on your property. Another type of liability insurance may also cover you if you hurt someone else, anywhere in the world, which is usually referred to as “voluntary medical payments.” Both coverages will pay out for insured losses up to a specific limit.

If your hypothetical grandma were run over by a reindeer, then in this instance we’d assume Santa Clause’s policy would cover her for her injuries (although whether that’d be his personal home insurance policy or a commercial insurance policy is a question for another day!) Similarly, if someone were injured due to your actions or on your property, your policy would help cover their medical bills or even death benefits up until the policy’s limits.

If Someone is Injured on Your Property

You could be held legally responsible if someone ends up hurt on your property, like a partygoer, a delivery person, or even one of Santa’s elves. This may also apply in scenarios where injuries have occurred on other people’s property, but due to your actions. Technically, a trespasser getting injured on your property is up for debate, but any guests are considered your responsibility, and you as the homeowner (or renter) is the one who should secure their property to prevent conditions which could result in an accident. Children are especially prone to these kinds of injuries, and the holiday season with all its bright decorations and attractions can entice younger individuals into entering your property.

If someone was injured on your property, then your personal liability insurance would cover you. This includes slips and falls, burns, dog bites, trampoline incidents, etc. You may wish to check with your insurer to see what your limits are, as well as what’s excluded from your coverage (ex: some policies will exclude certain dog breeds from coverage!) Most policies provide a minimum of $100,000.

If You Injure Someone Else

Medical payments is another type of liability coverage that is usually included in a home or tenant policy. This coverage offers payment for people who are injured regardless of whether or not you’re legally responsible. Medical payments limits begin at $1,000 per person in your household, but higher amounts are typically available to purchase.

Avoiding Injuries During the Holidays

The holiday season exposes us to unique vulnerabilities—ones we don’t see daily. Since there isn’t exactly a specific “holiday insurance” policy to protect us (apart from event insurance, if you’re looking to host a big bash) we must take proactive measures to avoid injuries. Here’s some advice:

Childproof both your yard and your pool

Install childproof locks on gates to restrict access to potentially hazardous areas, including any pools you may have, trampolines, or enticing decorations. Use pool covers or fencing to secure swimming pools and prevent unsupervised entry.

Shovel snow promptly from sidewalks

Do as much snow removal as often as you can, removing it from steps, walkways, and play areas to reduce the risk of slips and falls. Apply sand or ice melt to icy surfaces to enhance traction and create designated pathways for safe travel.

Post trespassing warnings signs

To avoid uninvited guests, ensure you clearly mark private or restricted areas to deter unauthorized access. Make sure that these are well-maintained and easily visible to visitors.

Use non-slip rugs to prevent slips and falls

Although there is no ice indoors, guests can still slip when alcohol is involved, when walkways are busy, and when people are having fun. Use non-slip rugs to improve traction and reduce this risk.

These measures collectively contribute to creating a safer outdoor environment, especially for families with children, by addressing potential hazards and minimizing the risk of accidents on your property.

At AHI Group, we wish you a very happy holidays and hope you get some well-deserved rest! If you have any questions or concerns about your personal liability insurance, or anything to do with your home policy, please don’t hesitate to give us a call.

Should I cancel my auto insurance if I no longer have a vehicle?

Posted on by admin

Various circumstances could leave you without a vehicle.  Your car may have been totaled, and you don’t have the funds to purchase another immediately.  Maybe your vehicle has broken down or been repossessed, or you sold it.  No matter the circumstances behind your not having a car, you don’t have to cancel your auto insurance altogether.

When we think of an auto policy, we think of a car that we want to cover and protect.  However, in Kansas, you can purchase a non-owner insurance policy to protect you financially if you’re involved in an auto accident. 

How a non-owner policy works

A non-owner policy covers you when driving a borrowed or rented vehicle.  Suppose you are liable for causing an accident.  In that case, a non-owner policy covers your legal liability for auto accident-related property damage and injuries to the other parties involved.  A non-owner insurance policy is typically cheaper than most regular auto insurance policies.  If you don’t own a vehicle but want to protect yourself financially, you can work closely with our agents at AHI Group in Olathe, KS to discuss the appropriate non-owner insurance coverage that meets your needs. 

Coverages for non-owner insurance policies

Non-owner insurance policies in Kansas must cover the state’s minimum coverage that applies to a traditional car insurance policy.  Those coverages include up to $25,000 for bodily injury per person and $50,000 per accident.  They also cover up to $25,000 per accident for property damage. 

How to get a non-owner auto insurance policy

If you have found yourself without a vehicle and have to borrow a friend’s car, drive a rental, or operate a vehicle as part of a ride-sharing program, contact our agents at AHI Group in Olathe, KS to discuss a non-owner policy.  We can get you covered and protected financially with a personalized insurance policy. 

Is Santa Clause Eligible for Life Insurance?

Posted on by AHI Group

Life insurance is an excellent financial planning option that can be customized based on your present and future needs. One option, term life insurance, may be purchased to cover you for 10, 20, or even 30 years, where permanent life insurance is designed to cover the insured for their lifetime. Whichever you choose is dependent on your needs.

In the spirit of the holidays, let’s answer one frequently asked question about life insurance through a hypothetical. Many prospective policyholders often ponder the ideal age to purchase life insurance, while a specific group might be curious about the upper age limit for eligibility. To explore this topic, let’s pose the question: Is Santa Claus himself eligible for life insurance?

Would Santa Clause Be Eligible to Buy Life Insurance?

No. Why? Because he’s too old. If we’re going to consider Santa Clause’s real, historical age (yes – he was technically a real person!) then Santa Clause is roughly 1,740 years old. In most pictures, the jolly guy looks to be around 70, or even 80 at most. However, the true monk that would later inspire the Santa Clause fable was born in modern-day turkey in the year 280 A.D. Nimble for his age if he’s still travelling all over the world in one night to deliver presents to children!

Most life insurance policies (keyword here is most) will contain an “age 100 maturity date.” This means that when the insured person turns 100, their policy expires and coverage ends, even if they were still paying premiums up until that point. Most life policies will contain this maturing date, specifically those that were issued prior to 2004. Santa Clause, being well over the age 100 maturity date, might be ineligible for coverage. Of course, the keyword here is might. Not every policy is the same, and nowadays with people living longer than ever, many insurance companies have modified the maximum age for coverage from the ripe old age of 100 to an astonishing 121.

When Are You “Too Old” for Life Insurance?

Here’s an unsatisfying answer: it depends.

Every life insurance company is different. Every policy is different. Life insurance is interesting because as time goes on we start to live longer and are (generally) healthier, rules and regulations start to change. To ballpark it, most companies will not permit the purchasing of life insurance after age 65 or 70. This is usually specific to term life insurance, since some whole life insurers will allow coverage to be purchased up to age 85 or 90.

Coverage can be limited for some people when purchased after a certain age and some causes of death may be excluded from your policy. Odds are that since you’ve purchased life insurance at a later age, you’ve likely had some health issues or ailments pop up. For example, if you’d been a cancer survivor, death due to the reoccurrence of that cancer may not be covered by your policy.

Reasons Why a Senior Might Need Life Insurance

Life insurance is usually purchased at a younger age to secure coverage for some of the major milestones we experience in our 20s-40s. Most families purchase life insurance when they get married, have a new baby, buy their first home, are still paying off student debts, etc. In all of these instances, having insurance can help secure your family in the event of your sudden passing.

But why would someone purchase life insurance as a senior? Here’s some reasons:

  • To prevent outstanding debts from being passed on to family members
  • To help cover funeral expenses, medical bills, and education expenses for grandchildren
  • To support a spouse or partner as they continue to age
  • To provide a legacy for loved ones after you pass on

Life Insurance Options as a Senior

Although Santa Clause may not have much choice when it comes to life insurance options, given his age, there are still ways to get life insurance as a senior. Keep in mind that your premiums will likely be far higher than if you had purchased a policy much younger and you may be required to participate in a medical exam to determine your current health/eligibility for coverage.

In your 50s, you’re likely still eligible for some form of coverage through the majority of insurers. You’re likely eligible for most forms of whole life or permanent life insurance, and you may be eligible for term insurance through some providers (although as to which terms you can select will vary).

In your 60s, term life insurance options may be more limited. Odds are you’ll only be eligible for a 10-year term policy, but you can still choose from a variety of permanent life insurance options.

People in their 70s or about to turn 70 have even fewer options, but may be able to choose a 10-year term policy or a permanent plan to create an estate for your loved ones after you’ve passed on. Purchasing life insurance as a senior means you have fewer options and some causes of death may not be covered. However, if you’re looking for a way to protect your family and provide them some kind of payout in the event of your death, talk with an agent!

AHI Group is happy to discuss insurance options for seniors. Give us a call to discuss your current financial goals today. One of our agents will work with you to find you a fitting plan.

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