What You Should Know About Taking Out a Life Insurance Policy on the Elderly

If you have an elderly family member who does not have a lot of money and does not currently have a life insurance policy in place, you may be looking to take out a policy on them. This can help to pay for their funeral and final expenses when they do pass away. However, one of the questions that we at Ganley Family Insurance in Brecksville, OH are often asked is whether you can take out life insurance on an elderly person and what you should expect when doing so. Here is some information you will want to know if you are in this situation. 

The Premiums Will Likely Be High

As long as you have your elderly loved one’s authorization, you can take out a life insurance policy on them. However, due to their age and possible health, you should expect to pay high premiums. This is normal the closer in age you get to the average life expectancy rate. The younger and healthier you are, the lower your premiums will be. The older and less healthy you become, the more the premiums will cost. 

You May Have Limited Amounts of Insurance Available

In addition to paying higher premiums for life insurance, you can expect to be eligible for lower policy or coverage amounts when insuring an older or elderly loved one. It is very rare that you can take out a high dollar policy on an elderly individual, so be realistic in your expectations for what the limits may be. 

If you are looking to take out a life insurance policy on an elderly family member, contact Ganley Family Insurance in Brecksville, OH today. We can help you find the best insurance plan to help cover the costs of your loved ones final expenses when they pass away. Call us today for a free quote. 

What to Expect When Filing a Home Insurance Claim for Theft

At Ganley Family Insurance, serving the greater Brecksville, OH area, we never want to see our customers affected by theft. Unfortunately, it is a scenario that plays out frequently. If your home was burglarized, you may be looking to file a home insurance claim for theft. Here is what you can expect as you go about filing this claim. 

Filling Out and Obtaining a Police Report

After a theft has occurred at your home, the first thing you will want to do is file and obtain a police report. When you go to file an insurance claim, you will either need to submit the report number or a copy of the report with your claim. If you do not report the theft to police, it is likely your home insurance claim will be denied. 

Filing a Claim

After you have a police report, you will need to file a homeowners insurance claim. You will need to have your name and your policy number with you when you file. Depending on your insurance company, this process may be done in person, over the phone or via the Internet. Be prepared to provide as much detail as you know, such as when the theft occurred and what items are missing. 

Waiting for Payment

After a home insurance claim has been filed, you will have to wait for payment. Most insurance companies have a waiting period for theft that is usually 14 to 30 days. This allows the police time to possibly find and recover your belongings. Once the waiting period is up, a check will be cut for fair market value of your items, less any deductible that you have. 

Having the right home insurance coverages in place can help to protect the value of your belongings in case of theft. If you are unsure if you have the right policy limits or need to change your policy, contact Ganley Family Insurance, serving the greater Brecksville, OH area. We can look over your policy or write up a new one, to ensure you are fully covered in case the unthinkable happens. Call us now to get started. 

What to Expect When Filing a Home Insurance Claim for Theft

At Ganley Family Insurance, serving the greater Brecksville, OH area, we never want to see our customers affected by theft. Unfortunately, it is a scenario that plays out frequently. If your home was burglarized, you may be looking to file a home insurance claim for theft. Here is what you can expect as you go about filing this claim. 

Filling Out and Obtaining a Police Report

After a theft has occurred at your home, the first thing you will want to do is file and obtain a police report. When you go to file an insurance claim, you will either need to submit the report number or a copy of the report with your claim. If you do not report the theft to police, it is likely your home insurance claim will be denied. 

Filing a Claim

After you have a police report, you will need to file a homeowners insurance claim. You will need to have your name and your policy number with you when you file. Depending on your insurance company, this process may be done in person, over the phone or via the Internet. Be prepared to provide as much detail as you know, such as when the theft occurred and what items are missing. 

Waiting for Payment

After a home insurance claim has been filed, you will have to wait for payment. Most insurance companies have a waiting period for theft that is usually 14 to 30 days. This allows the police time to possibly find and recover your belongings. Once the waiting period is up, a check will be cut for fair market value of your items, less any deductible that you have. 

Having the right home insurance coverages in place can help to protect the value of your belongings in case of theft. If you are unsure if you have the right policy limits or need to change your policy, contact Ganley Family Insurance, serving the greater Brecksville, OH area. We can look over your policy or write up a new one, to ensure you are fully covered in case the unthinkable happens. Call us now to get started. 

Family Road Trip Safety

The independent agents in Brecksville, OH at Ganley Family Insurance know that safety is a priority when you decide to take your family on a road trip. There are things you should know in order to keep you safe before and after you set out on the road.

Get Your Vehicle Serviced

Have your vehicle checked by a mechanic before you start your trip. The oil should be changed and all of the fluids topped off. The mechanic should check the air conditioning system, the battery, and rotate the tires.

Emergency Car Kit

Not everyone believes that they’ll need it, but an emergency car kit could save your life. In it, you should consider keeping purified drinking water, a flashlight, a first-aid kit, flares, jumper cables, a shovel, toilet paper, pet food, and baby supplies.

Avoid Distracted Driving

One of the dangers on the road starts with distracted driving. You can easily keep your family safe by following a few simple rules when you begin your trip.

  • Put the cell phone away. If you must use it, have one of your passengers access the GPS, send text messages, or answer calls.
  • Give the kids headphones to listen and watch movies or games. They’ll be quiet while you keep your eyes on the road.
  • If you become drowsy, allow one of the adult passengers to take over. If there is no one else with a driver’s license, then pull over and get some rest.
  • Don’t eat or drink while you are behind the wheel. If you spill something, you could get into an accident with this distraction.

Whether you live in Brecksville, OH or just visiting, stop by Ganley Family Insurance. Their independent insurance agents can help you start a new auto insurance policy or review your current one.

Are Home Insurance Scams Real?

The news in Brecksville, OH has been covering a lot of scams lately, the kind that heavily affects elderly people. Do home insurance scams happen regularly and how can they be avoided? That’s what we here at Ganley Family Insurance are here to help you find out.

What Are These Scams?

Although true insurance scams are relatively rare, it is possible for an insurance company to scam a homeowner out of a little money. Most will be centered around a specific agent acting in their interest. The company itself is not performing the fraud, but the person who represents the company. While rare, they can cost you thousands of dollars.

Most will take the form of asking for too much for a policy as the agent pockets the difference. In this way, the provider gets the money they need, and the agent earns too much. Avoiding this kind of problem is as easy as always asking to see a direct quote from the insurance provider.

Scams From The Policy Holder Are More Common

While it is possible to get scammed from insurance companies, it is relatively rare. The only type that occurs regularly is door-to-door sellers who don’t represent an insurance business. They will typically set up a scenario in which they get money from the person they are scamming. Avoiding this scenario involves never buying policies unless directly contacting a trusted agent. However, real scams are more common from those who are insured.

Why is that the case? Home insurance providers are heavily regulated and their actions regularly scrutinized. It’s a lot harder for them to scam somebody, as a result. However, homeowners can often trick an insurance company with false claims. While also not common, it is a problem that plagues the insurance industry.

You Are Protected

If you live in North Olmsted, Strongsville, or Brecksville, OH and are worried about a scam, please contact us today. Ganley Family Insurance has decades of experience serving the area and will provide you with high-quality and fair coverage.

Are Home Insurance Scams Real?

The news in Brecksville, OH has been covering a lot of scams lately, the kind that heavily affects elderly people. Do home insurance scams happen regularly and how can they be avoided? That’s what we here at Ganley Family Insurance are here to help you find out.

What Are These Scams?

Although true insurance scams are relatively rare, it is possible for an insurance company to scam a homeowner out of a little money. Most will be centered around a specific agent acting in their interest. The company itself is not performing the fraud, but the person who represents the company. While rare, they can cost you thousands of dollars.

Most will take the form of asking for too much for a policy as the agent pockets the difference. In this way, the provider gets the money they need, and the agent earns too much. Avoiding this kind of problem is as easy as always asking to see a direct quote from the insurance provider.

Scams From The Policy Holder Are More Common

While it is possible to get scammed from insurance companies, it is relatively rare. The only type that occurs regularly is door-to-door sellers who don’t represent an insurance business. They will typically set up a scenario in which they get money from the person they are scamming. Avoiding this scenario involves never buying policies unless directly contacting a trusted agent. However, real scams are more common from those who are insured.

Why is that the case? Home insurance providers are heavily regulated and their actions regularly scrutinized. It’s a lot harder for them to scam somebody, as a result. However, homeowners can often trick an insurance company with false claims. While also not common, it is a problem that plagues the insurance industry.

You Are Protected

If you live in North Olmsted, Strongsville, or Brecksville, OH and are worried about a scam, please contact us today. Ganley Family Insurance has decades of experience serving the area and will provide you with high-quality and fair coverage.

How will Life Insurance be divided?

When you sign up for Ganley Family Insurance, a life insurance policy payout seems simple enough, right? Whoever you name as the beneficiaries get the money. If only it were always that easy. More than a few Brecksville, OH families have been forced to contend with red tape and lawyers to get their money through the system and to the people it was intended for. Here are some factors that can complicate the process:

  • Minor law. In Brecksville, OH, you don’t want to name anyone under 18 as a beneficiary. It may seem like the fairest way to divide up the payout if you have a lot of grandchildren, but the courts will be forced to assign a guardian of some sort to manage the money until they are of age, and this can be a costly process, even eating up the entire payout intended for the beneficiary. Better to create a trust or send that money to a trusted adult with the understanding that it is to be held for the younger beneficiary.
  • Naming someone who relies on government benefits might not be a great idea. The sudden surge of income might make them ineligible for their benefits without giving them any permanent financial footing to get by once the insurance money runs out.
  • In some states, you spouse or partner needs to sign a waiver if you want to name someone else as a primary beneficiary, but not in Ohio, luckily.
  • Taxation comes into play if you have three or more people as policy-owner. Better to keep it simple, name your beneficiaries, and trust them to divide the money as instructed.
  • Your will. Here’s the thing: Your will does not affect your life insurance policy, the policy trumps the will, so make sure to talk it over with Ganley Family Insurance if you want to make any changes.

The best way to ensure your money goes to the right people: Keep it simple. Call Ganley Family Insurance and make sure that your named beneficiaries are trustworthy people who will divide the money up as you request.

Tips For Preparing Your Car For the Summer

It is easy to find ways to prepare your car for the winter but not as many people talk about the things that you should do to your car before summer. If you want your car to be in the best condition this summer so you can enjoy every weekend and break, be sure to use these tips from Ganley Family Insurance, serving Brecksville, OH. 

  • Check your coolant. It can get hot in the summer and if you want to make sure you have enough coolant to keep up with the heat. As a rule of thumb, you should get your coolant changed at least once per year and right before summer is the perfect time to do it. 
  • Change your windshield wipers. Items on your vehicle that are made of rubber are typically designed for specific temperatures. You will want to get some that are ideal for summer for optimal effectiveness. 
  • Check your tires. You should do a visual inspection of your tires and get some new ones if they are getting old or worn down. Also, if you changed to winter tires for the colder weather, you will want to change back to some summer tires now so they are ready for the heat. 
  • Get other systems inspected. You should have all of your fluids and systems inspected by a professional to make sure you do not need to be topped off or need a repair. You can get this done at any shop or during an oil change. 

Another thing you should always ensure is in place is a great auto policy. If you already have one, Ganley Family Insurance, serving Brecksville, OH, can take a look to make sure there are no gaps in coverage and that you have the right amount of coverage. If not, then they can run some quotes for you. Contact them today. 

Reasons to purchase insurance in Ohio

Brecksville, OH is a suburb of the larger metropolis of Cleveland, OH, allowing people to commute to the big city while being able to live in a quieter community. But as with just about anywhere one lives in the United States, you will probably need some form of insurance to protect yourself and your property from unexpected accidents or disasters. Below are some reasons you may need insurance in a place like Brecksville, OH, through a local broker like Ganley Family Insurance.

AUTO INSURANCE

You will undoubtedly need auto insurance if you plan on driving in Brecksville, OH, as it is not only the law but just a good idea. Auto insurance will protect you in the event of an accident, whether it’s your fault or someone else’s. It will not only fix your vehicle or the vehicle you are responsible for damaging, but it will also cover medical bills for anyone who may have been injured in the collision you caused or were involved. Also, it may cover any property damage that may have occurred. If you don’t have auto insurance, you could end up owing a significant amount of money in the event of an accident.

HOME INSURANCE

If you are a homeowner in Brecksville, OH, you will need home insurance to prevent against unexpected problems that could seriously damage or destroy your home, so you don’t end up quite literally homeless. Powerful snowstorms can roll through the Ohio area and destroy homes from time to time of course, but it is also critical to protect yourself against a fire occurring in your home or a pipe bursting and your home flooding. Having home insurance through a local broker like Ganley Family Insurance is a great way to ensure that the place you live is always protected.

Auto Care Tips to Perform At Home

You don’t always need to go to the auto garage in order to perform some basic auto care. It is possible to save a considerable amount of money while extending the life of your vehicle by performing these basic auto care tips. At Ganley Family Insurance, we want to make sure your Brecksville, OH vehicle is safe, wherever you drive it. 

Wash It

Washing your vehicle is important. During the summer you can wash it at your home. During the winter it is best to go to a drive-through car wash. Make sure the undercarriage is washed in order to remove the rust causing salt from the underbelly of the vehicle. 

Check Air Pressure

The tire pressure is listed on the sides of the tires. Check your tire pressure (if you don’t have a built-in tire gage in the vehicle). Make sure your tires are always properly inflated as this will improve your fuel economy and maximize grip on the roads. 

Check Your Fluids

You don’t need to change your own oil, but you can check your own fluids. Periodically look under the hood and check the fluid levels. If anything is extremely low make sure to top it off (check the owner’s manual for liquid specifics). This helps keep your brake lines, power steering and engine running smoothly throughout the year. 

No matter the make or model of your vehicle, performing these tips will save you money and extend the life of your vehicle. Before performing any kind of work on your vehicle though, make sure to consult the owner’s manual to ensure you’re using the appropriate equipment. At Ganley Family Insurance, we are here for your car, whether you live in Brecksville, OH or anywhere else in the area.