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Moberly, MO 65270

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Columbia, MO 65203

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Missouri Insurance Blog

The difference between whole life insurance policies and term life insurance policies

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Whole life insurance policies and term life insurance policies are two different types of life insurance policies that offer different coverage and benefits here at Swartz Premier Group Insurance.

Whole Live vs. Term Life

Whole life insurance is a type of permanent policy, meaning it covers you for your entire life and provides lifelong protection whether you are in the Moberly, MO area or anywhere else. It also accumulates cash value, so you can tap into the funds if needed.

On the other hand, a term life insurance policy is a temporary policy that provides coverage for a specific period of time. Term life insurance does not accumulate any cash value, and after the specified term ends, the coverage ends as well. 

Both types of policies have their own advantages and disadvantages depending on your needs. Whole life insurance offers lifelong protection plus an accumulation of cash value over time but tends to be more expensive than term life insurance in the long run due to added features like cash value accumulation. Term life insurance is ideal for short-term protection since it’s less expensive than a whole-life policy and doesn’t require any additional investment from you, however, there’s no guarantee that you’ll receive anything after the specified term has ended. 

Choosing between these two types of policies boils down to what type of coverage works best for your individual needs and budget. If you need lifelong protection with some added financial security, then whole life may be right for you, but if you only need short-term coverage at an affordable rate, then term life may be best suited for your needs.

Reach Out To Us

For more information, give us at Swartz Premier Group Insurance a call today. We are proud to serve the Moberly, MO area.

Does Home Insurance Include My Artwork?

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As art enthusiasts, we understand the importance of protecting your favorite pieces. Every Moberly, MO homeowner wants to ensure that their belongings are covered in the event of an unexpected loss or damage. At Swartz Premier Group Insurance, we are frequently asked whether or not artwork falls under the category of a covered belonging in a standard home insurance policy. 

What Does Home Insurance Cover?

Before determining whether your artwork will be covered under your policy, it’s essential to understand what a standard homeowners’ insurance policy generally covers. Home insurance usually includes coverage for the structure of your home, personal property, personal liability, and additional living expenses.

Does It Cover Artwork?

Usually, standard home insurance policies cover artwork up to a specific limit. However, it’s essential to understand that these limits can vary depending on the value of your artwork, so it’s always best to speak with your insurance agent about your specific policy.

What About High-Value Artwork?

If you have a collection of high-value artwork that exceeds the limit of your policy, it may be necessary to purchase additional coverage to ensure that your artwork is fully protected. Swartz Premier Group Insurance offers different policies specifically designed to protect high-value artwork.

How Can We Help?

Our expert agents at Swartz Premier Group Insurance in Moberly, MO can help you determine the value of your artwork and adjust your policy accordingly, so you can rest assured that your most prized possessions are adequately protected.

Standard homeowners’ insurance policies typically cover artwork up to a specific limit. However, reviewing your policy and speaking with your insurance agent is essential to protecting your artwork. Contact Swartz Premier Group Insurance for assistance in determining the value of your artwork and adjusting your policy accordingly.

Common Classic Car Insurance Myths Debunked

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If you’ve just bought a classic car, you’re probably passionate about the vintage automobile industry. Like any significant purchase, you need to get the vehicle insured. Swartz Premier Group Insurance in Moberly, MO can help you navigate this important coverage.

We’ve debunked some of the most common myths to make finding a policy easy:

Classic Car Insurance Covers Everything

Unfortunately, this is not the case. Policies vary widely on the insurer and the specific policy, with some offering limited coverage for parts, modifications, and accessories. Therefore, it’s crucial you read your policy and know what won’t be covered. 

You Only Need to Insure Show Cars

Classic car insurance policies might be designed for rarely driven vehicles or ones used for car shows or exhibitions, but there are also policies for cars driven regularly. Many car enthusiasts want to drive their vehicles, and policies are designed with that in mind.

Classic Car Insurance is Expensive

A common pitfall is believing this type of insurance is more money than regular auto insurance. Your classic car insurance policy can be tailored to meet your and the vehicle’s needs, meaning lower premiums. Insurance companies even offer discounts for things like safe driving and having multiple policies.

Classic Car Insurance is Only Available Through Specific Insurers

Some specialty insurance companies offer classic car insurance, but your options aren’t limited to those. Many traditional insurance companies offer policies for classic cars. 

Reach Out To Us

At Swartz Premier Group Insurance in Moberly, MO, we know how important it is to find the best policy for your classic vehicle. We will work with you to find coverage that meets your specific needs, so your classic car is protected, no matter what. 

Why All Condo Owners Need Condo Insurance

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When it’s time to buy a condo, it’s also time to get a condo insurance policy. Every owner of a condo needs condo insurance for several reasons. It is excellent coverage that protects you against a wide range of events that can happen and damage your condo. However, it’s also generally required for condo owners to have it. Your condo board and lenders will each require it. If you need to arrange for a condo policy to take effect, call us at Swartz Premier Group Insurance in Moberly, MO to get started. 

Why Condo Insurance?

Dwelling Coverage

One of the most important types of coverage that come with a condo policy is coverage for the dwelling. This covers the condo portions that you own against a wide range of risks such as accidents and certain disasters. There will be many different types of risks outlined in the policy that tells you what will be covered. When a damaging event happens and causes damage to your condo, you would be responsible for all of the repair bills without a condo policy. When you’re covered, the policy pays for the repairs and protects you financially. 

Possessions Coverage

It isn’t just the condo itself that can get damaged. It’s also everything inside it. When those items are damaged in the event, your condo policy can also pay to have those possessions replaced. This is essential coverage when you consider how much it would cost to replace the things in your home. 

Liability Coverage

Another form of coverage that you get from these policies is for liability. This protects you in case someone enters your condo and has an accident there with injuries. The policy can pay for the medical bills that result from this accident, so you don’t have to. 

Get Condo Insurance Today

When it’s time for a condo policy, call us at Swartz Premier Group Insurance in Moberly, MO. We are here to help!

My landlord has insurance. Do I really need renters insurance as well?

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Being a tenant of a rental property in the Moberly, MO area comes with a certain set of responsibilities. Knowing that your landlord has insurance is reassuring, but it’s also important for renters to consider their own insurance needs as well.

Why Renters Insurance?

Even though your landlord may have coverage in place, you’re still responsible for any damage or loss that may occur within the premises. This means that if something like an appliance or piece of furniture gets damaged due to wear and tear, you could be held liable. 

For this reason, it’s always a good idea to look into renter’s insurance policies at Swartz Premier Group Insurance. Renters insurance will provide financial protection in the event of a loss or accident involving your possessions. It can also offer liability coverage if you are found responsible for an injury or damage to someone else’s property while at the rental unit. 

Renters insurance provides protection against vandalism, theft, and fire damage as well as covers replacement costs if such events were to occur. While this kind of policy isn’t typically needed by everyone, it might be worth looking into if you live in an area with higher crime rates or frequent natural disasters such as hurricanes and earthquakes. 

Reach Out To Us

Although your landlord may have insurance in place, it’s important to know what kind of coverage they have and what additional protection you need on your own behalf as a renter. When considering whether or not renters insurance is necessary for yourself, take into account where you live and how much risk there is for theft or other damages outside your control—this will help determine how much coverage you need from an insurance provider.

For more tips, call us at Swartz Premier Group Insurance today. We serve the Moberly, MO area. 

Safety tips for motorcycle riders

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Riding a motorcycle can be an incredibly thrilling experience, but it’s important to remember that safety should always come first. In order to stay safe while riding, Swartz Premier Group Insurance has a few safety tips for riders in the Moberly, MO area. 

Safety tips for motorcycle riders

One of the most effective safety tips for motorcycle riders is to wear protective gear at all times. This includes a helmet, gloves, boots, and a reflective jacket to help increase visibility when riding at night. Wearing protective gear keeps riders safe from potential injuries in case of an accident. 

It’s also important to make sure the bike is in good condition before each ride. This means checking the brakes, tires, and chain tension before every ride, as well as making sure the lights are working properly. Doing these simple maintenance checks can help ensure a safe ride and reduce the risk of breakdowns or accidents on the road. 

Another key tip for motorcycle riders is to always remain aware of one’s surroundings while riding. Riders should make sure they can see at least two seconds ahead of them while on the road, so they have enough time to react if something unexpected happens on the road. It’s also important to watch out for other drivers who may not be paying attention or are driving recklessly. 

Finally, it’s important for motorcyclists to always follow all traffic laws and regulations when riding on public roads. Obeying speed limits and signaling properly when turning will help ensure a safe ride and reduce the chances of getting into an accident with another vehicle or pedestrian. 

Make Sure To Get Motorcycle Insurance

By following these simple safety tips, motorcycle riders can enjoy their rides without worrying about unnecessary risks or dangers on the road. For more safety tips, call Swartz Premier Group Insurance today! We proudly serve the Moberly, MO area and will be happy to provide you with motorcycle insurance and answer any concerns. 

Missouri Startups Need Commercial Insurance — Here Are 3 Reasons Why

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Moberly, MO area business owners might be wondering if their startups should carry insurance coverage. Our team of insurance experts is here to address all your concerns.

3 Reasons Commercial Insurance for Startups Is A Critical Part of Protecting Your Business

1. Protect Your Assets: Commercial insurance provides coverage for your company’s valuable assets, such as buildings, equipment, and intellectual property. If something disrupts or destroys these items, comprehensive protection may help you minimize financial losses and get back to business quickly.

2. Prevent Legal Issues: Starting a business is often an exciting adventure, but it can also be risky – particularly if you don’t have the proper legal protection in place to protect yourself from potential lawsuits or other legal issues that could arise during your operation.

3. Maintain Operations: Having insurance in place can help you stay afloat during difficult times and keep your business running smoothly. When something goes wrong, having coverage can help you fix the issue and move forward without interruption.

Factors To Consider: Commercial Insurance for Startups

Startups should consider a few key factors when searching for the right type and level of coverage.

1. Coverage Types

2. Limits

3. Deductibles & Co-Insurance:

How To Get Commercial Insurance for a Startup

Talking to a licensed insurance agent at a commercial insurance agency like Swartz Premier Group Insurance can help startups choose the best commercial insurance policy. Our experienced agents can help startups focus on their primary business goals while taking care of the details related to finding the best commercial insurance coverage.

Get Commercial Insurance in Missouri

When starting a new business, it is important to make sure you have the proper insurance in place. Commercial insurance covers a business against certain risks that may come with running and operating a successful enterprise. A licensed insurance agent at Swartz Premier Group Insurance in Moberly, MO can help! 

Why You Need to Review Your Life Insurance Program Every Few Years

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Life insurance is important for protecting yourself and your loved ones from unforeseen financial hardship. Swartz Premier Group Insurance serving Moberly, MO offers flexible and comprehensive life insurance policies that allow you to provide for your family in the event of your death. However, it’s important to review your life insurance policy regularly to ensure it still meets your needs and those of your family.

Here are some reasons you should review your life insurance policy every few years:

Your Personal Circumstances May Change

Over the years, personal circumstances often change significantly. This can include anything from marriage to having children and buying a house to changes in income or health status. It’s important to review your life insurance policy to ensure it reflects any changes in personal circumstances.

Your Financial Obligations May Change

You will likely have different financial obligations and goals as time goes on, such as saving for retirement, paying off a mortgage, or sending children to college. Reviewing your life insurance policy regularly can help you ensure that it can accommodate your changing financial needs.

Insurance Needs May Change

As you get older and your life circumstances change, the life insurance coverage you need may also change. It’s important to review your policy regularly to make sure it is sufficient for your current needs, as well as any potential future obligations.

Insurance Rates May Change

Insurance rates can fluctuate over time, so it may be in your best interest to review your life insurance policy every few years to ensure you get the most competitive rate possible.

Secure Your Family’s Financial Future With Life Insurance Today

Residents of Moberly, MO, can trust Swartz Premier Group Insurance to provide their life insurance coverage. Our experienced team will work with you to create an individualized plan and review it regularly so that your financial commitments are always taken care of. Contact us today for more information about our life insurance policies.

How The Age of Your Roof Impacts Home Insurance

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Anyone who owns a home needs a homeowners insurance policy. The homeowner’s insurance policy is critical to providing you with the necessary coverage to help make you whole again should there be an accident that leads to damage or liability inside of your home. One of the areas where home insurance carriers pay a lot of attention when it comes to risk exposure is the roof of your home. The age of your roof can have a big impact on your home insurance policy.

Serving the greater Moberly, MO region, Swartz Premier Group Insurance can help you understand the linkage between your home insurance premium and your roof.

Age of the Roof and the Impact

So what is the impact that your roof will have on your home insurance policy? What is the big deal if you have a home that has a really aging roof? Every home insurance carrier is going to treat your roof state differently. Some will be more open to taking on the risk that your roof presents than others.  If you have a roof that is over 20 years of age your insurance carrier may not even provide you with a home insurance offer.  

Factors Outside of the Age

There are other factors that will impact the cost of your home insurance related to the roof. These factors include:

Condition – What is the condition of the roof? Is there a lot of wear and tear?

Material – What is the roof made out of? is it metal, wooden, or slate shingle?

Shape – Gable roofs and hip roofs are the most common. Roof designs may make them more prone to damage.  

Contact Us Today

You may have more questions when you are looking to get home insurance or renew your policy. Reach out to us at Swartz Premier Group Insurance in Moberly, MO, we can assist you with the right coverage for your needs. 

5 Classic Car Insurance FAQs

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A classic never goes out of style. Fortunately, insurance doesn’t either.

Swartz Premier Group Insurance in Moberly, MO can craft a classic car insurance policy that’s perfect for your vintage ride. 

Here are five common questions about classic car insurance:

What is classic car insurance?

Classic car insurance is special. These policies are strictly tailored for classic car owners. Although these may have features that are comparable to standard auto insurance plans, the available options can vary greatly.

How is classic car insurance different?

A major difference is that classic car insurance is built around a principle called "agreed value coverage." This means that a car’s monetary value is determined between you and your agent when you are purchasing an insurance policy. This is typically derived from a professional appraisal.

What types of cars are covered?

Classic car insurance is offered for exotic, antique, or custom cars. A car’s age influences this the most. Custom or modified vehicles are uniquely tricky to insure. Any changes can both positively and negatively affect a car’s value.

Is my car eligible?

Only certain cars will qualify. First, your vehicle must fall into one of the above categories. But drivers may face certain eligibility restrictions too. Most importantly, classic car insurance requires the owner to have another vehicle that’s primarily for daily use.

How much does classic car insurance cost?

Rates vary based on make, model, and mileage. Yet, since classic cars spend less time on the road, these insurance policies are usually less expensive than traditional auto coverage.

Get Classic Car Coverage

Owning a classic car might be a luxury. But having insurance isn’t. Call Swartz Premier Group Insurance in Moberly. MO today. Our professional agents can customize a classic car insurance plan that’s right for you.

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