Does my RV insurance in Olathe KS cover every driver in my household?

Posted on by admin

Whether or not you need to insure your RV depends on whether your RV is a motorized vehicle or if it is something towed along by something else, such as a pop-up camper or travel trailer. If you do have a motorized RV in Olathe, KS, you do need to make sure you have the proper insurance to protect your assets. At  AHI Group, we can help you make sure you have the coverage you need.

Legal Requirements

If your RV is self-propelled, you need to have coverage much like regular automobile coverage. 

  • Liability insurance will pay other people’s property damage and medical bills if you are found to be at fault in an accident. The state has minimums, but you can speak to your agent about whether you are comfortable with minimal coverage.
  • Personal injury protection (PIP) pays medical bills for you and your family after an accident, no matter who is at fault.
  • Uninsured motorist protection helps you if you are in a collision with an uninsured motorist.

Who Is Insured to Drive?

When you fill out your insurance application in Olathe, KS, you will be asked to list your household members. During that time, you will list all the people who will be driving the RV. An RV is a serious piece of equipment, and it is important that you are honest about who will be behind the wheel. 

RV insurance usually follows the vehicle, not the driver. That means that the claim will probably be paid, but you need to add anyone who will be a regular driver. If anything changes while you have the policy, you should contact your insurance company right away. If you have any questions about RV coverage, please feel free to call AHI Group today.

What Factors Determine Home Insurance Rates in Nebraska?

Posted on by AHI Group

Year-round threats of disasters ranging from lightning storms and tornadoes to record-breaking snow dumps make home insurance in Nebraska a must. If you have a mortgage, odds are you’re probably in need of home insurance anyway – and even if you don’t, you’ll want to protect your asset!

How much you pay for your homeowners insurance depends mostly on your home’s replacement cost and how much dwelling coverage it requires. Don’t think that skimping on your dwelling coverage will save you money – if there’s a disastrous loss, you’ll be responsible for paying the difference between what your home would cost to rebuild and what it’s insured for! 

Let’s take a look at the average cost of home insurance in Nebraska and the most common rating factors for home insurance.

What is the Average Cost of Home Insurance in Nebraska?

The average cost of homeowners insurance in Nebraska for a policy with $300,000 in dwelling coverage is estimated to be about $3,510/year. Below is a breakdown of how an increase in your dwelling coverage limit might impact your rates.

  • A home with a $200,000 dwelling coverage limit is estimated to cost $2,660/year to insure.
  • A home with a $400,000 dwelling coverage limit is estimated to cost $4,369/year to insure.

By comparison, the national average (as of September 2023) sits at about $1,754/year. Home insurance in Nebraska tends to be higher than in most other states, in part due to its volatile weather patterns. We’ll get into a little more detail about why that matters in the sections below.

Rating Factors for Home Insurance in Nebraska

Insurance companies in Nebraska use complex algorithms to assess these factors and determine your premium. To get more accurate information for your situation, consult with a rep from AHI Group.

Home Safety Features

Having security systems, smoke detectors, burglar alarms, and other safety features can reduce the risk of theft and damage, potentially leading to lower premiums. Also, the proximity of your home to a fire hydrant or station can impact your premium. Homes closer to fire protection services may have lower premiums since they’re likely to receive help in time if there’s an accident.

Claims History

Your past insurance claims can influence your premium. If you’ve had multiple claims or high-value claims, insurers might view you as a higher risk and charge higher premiums.

Home Characteristics

Things like construction, age, etc. can affect insurance costs. Newer homes or those built with fire-resistant materials can have lower insurance premiums. The square footage of your home and its overall value can also contribute to the replacement cost, which affects the premium, and the type of your roof (whether it’s fire-resistant, more durable, made from metal, etc.) can play a role.

Location

The geographic location of your home plays a significant role. Factors like the distance to a fire station, proximity to water bodies (which could increase flood risk), crime rates in the area, and the history of natural disasters in the region can impact your premium. Nebraska has a volatile weather history, but some cities are more prone to poor weather than others.

Deductible

The deductible is the amount you agree to pay out of pocket before the insurance coverage kicks in. A higher deductible often leads to lower premiums, while a lower deductible increases your premium.

The Weather in Nebraska

Nebraska is no stranger to extremes in weather, which is one of the major reasons why home insurance costs are so high in the state. Larger cities closer to bodies of water or that are just generally closer together may also be more subject to rate hikes.

Fires in Nebraska have become more frequent due to potential climate change impacts, burning tens of thousands of acres and removing people from their homes. In April 2022, two fires two weeks apart burned a chunk of land near the size of Omaha by Cambridge, resulting in almost $2.3 million in damages. As insurance companies respond to claims of houses having been burned down, and roofs ripped off by severe weather, they’re having to raise their premiums to ensure their pool is sufficient to continue paying out more claims. And what does this mean? Higher premiums.

Combating Higher Premiums with AHI Group

While Nebraska does see some of the highest home insurance premiums, all is not lost. AHI Group has plenty of reputable insurance carriers that we do business with, and we’re happy to find you a match that gives you the best price. We’ll also provide you with tips on how to save money, such as:

  • Installing smoke alarms and burglar alarms
  • Raising your deductible
  • Qualifying for multiline insurance discounts
  • Taking preventative safety measures around the house
  • Replacing your roof with fire-resistant materials

Give us a call today to start a quote for your Nebraska home insurance. We’re happy to help you find a more affordable solution so you can continue protecting your home with ease of mind.

What Does Auto Insurance Cover in the State of Kansas?

Posted on by AHI Group

If you’re on this blog, you’re probably already aware that, as a driver, you must purchase auto insurance. You might be shopping for a new vehicle and therefore need insurance, or you’re looking to find a more affordable policy to protect yourself and others on the road.

In the United States, most states require bodily injury liability insurance (apart from Florida.) New Hampshire is the only state where you do not need any car insurance, but you are required to show proof of financial responsibility. In Kansas, auto insurance regulations vary somewhat: four types of coverage are mandatory, and many others are highly recommended. Let’s dive into what auto insurance covers in the state of Kansas.

Mandatory Auto Insurance Coverage in Kansas

In Kansas, when you purchase auto insurance, you are purchasing several different coverages that come together as a single package. Each type protects you against losses of a different variety. We’ll provide a brief overview of each basic (mandatory) coverage in this section, and then later we’ll get into some optional (but highly recommended) auto insurance coverage options.

Bodily Injury Liability

In the event of an accident where you, as the driver, are deemed at-fault, this coverage kicks in to pay for the other involved party’s medical expenses, funeral costs, rehabilitation costs, and other covered costs. If a lawsuit kicks up, then this coverage may also pay for the settlement of those lawsuits, plus any ensuing legal expenses that you’re faced with.

  • Per state law, liability coverage must have minimum coverage to pay for $25,000/person for bodily injury and at least $50,000/accident for bodily injury.

Property Damage Liability

Property damage liability triggers the same way bodily injury liability does: when you were at-fault in an accident and caused damage to another person’s property, whether that’s their car or even their home, this coverage kicks in to pay for the repairs, replacement, or cash value of the property lost. It can also help to pay for any ensuing legal costs.

  • In the state of Kansas, currently, law mandates that property damage liability must have coverage of at least $25,000/accident.

PIP/Personal Injury Protection

Personal injury protection, or PIP, pays out for any necessary lost wages, funeral expenses, rehabilitation costs, medical expenses, and even in-home care or assistance if you or your passengers were injured in an accident regardless of how fault was assigned. Each passenger in different vehicles would collect under their own policy rather than pursuing the other driver’s insurance company for compensation.

  • In the state of Kansas, automobile insurance law requires that policies sold must contain the minimum levels of coverage as detailed below:
    • $2,000 for funeral, cremation, or burial expenses
    • $4,500/injured person for medical expenses
    • $900/month for one year of loss of income/disability
    • $25/day for in-home care services
    • $4,500 for rehabilitation services and care

Uninsured/Underinsured Motorist Protection

Despite auto insurance being mandatory in the state of Kansas, some drivers choose to forgo coverage illegally. If an accident results where an uninsured, underinsured, or even unidentified driver (such as a hit-and-run) is at-fault then this coverage pays for medical, funeral, or rehabilitation costs, as well as the cost of lawsuits. It would also pay out if you or a family member were a pedestrian hit by an uninsured/underinsured or unidentified driver.

  • In Kansas, policies for uninsured/underinsured motorist protection must include a minimum of $25,000/person and $50,000/accident.

Optional Auto Insurance Coverage in Kansas

Not all coverage in the state of Kansas is mandatory, and some may be purchased at your own discretion to ensure fuller coverage and more comprehensive insurance.

Comprehensive Coverage

This coverage goes beyond accidents, protecting your vehicle from non-collision incidents such as theft, vandalism, natural disasters, and falling objects.

Collision Coverage

In the event of a collision with another vehicle or object, collision coverage helps pay for repairs to your own vehicle, regardless of fault.

Towing and Labour Coverage

Also called roadside emergency assistance coverage, this coverage kicks in if your car should break down. It helps to cover the cost of any necessary roadside assistance services, such as towing.

Gap Insurance

This optional coverage is only applicable to those who finance or lease their vehicle. If your car is totalled or stolen and its value is less than your outstanding loan or lease balance, gap insurance can help cover the difference.

How Rates Are Determined for Auto Insurance in Kansas

One of the biggest questions that is asked when purchasing auto insurance is, “how much does it cost?” You want to save the most on your auto insurance in Kansas, and we understand.

There are two major factors that will determine just how much you end up paying for your auto insurance in the state. Those are the rating of your vehicle and underwriting. Underwriting is essentially the process by which a company considers the various factors regarding you and your driving habits. These tend to be your driving record, where you live (within Kansas, since not all neighbourhoods or areas have the same traffic statistics) the make and model of your car, gender, prior insurance coverage, how often/far you drive, and more.

In Kansas, insurance companies take these factors into account and then place you into a rating category. The ones with the best risks, aka the safest drivers, are placed into preferred categories and are given the lowest rates. Standard is a little riskier, so these are slightly higher rates for moderate-risk drivers. And then, finally, there are non-standard or “high-risk” drivers who can be uninsurable for some insurance companies depending on their risk profile and who will see the highest rates.

As a driver living in Olathe, Kansas, or any other of our service areas in Kansas, we advise you to contact AHI Group, one of Kansas’s premier insurance companies specializing in auto insurance. We’re happy to help you get the best rates possible and insure your first, second, or sixteenth vehicle – whatever your situation might entail.

Does Homeowners Insurance Cover Students at College?

Posted on by AHI Group

It’s that time of year again. Summer’s behind us and the leaves are turning red, yellow, and brown. Whether this is your child’s first time away at college or going into their second, third, or even fourth year, keeping your child’s school possessions, such as their laptop or bike, safe should be a priority. You might be wondering what kind of insurance will cover them, whether that’s a policy that needs to be acquired separately or if they’ll have coverage under your existing home policy like they would have when they were still living at home. AHI Group is happy to keep parents and students informed as we begin transitioning back into school. For many, this can be an exciting, stressful, or even overwhelming time – so we’d like to take at least one worry off your shoulders. The short answer is: yes, your homeowners insurance will provide some coverage for your college student’s belongings, but conditions can apply.

If Your Child is Living in a Dorm…

Then coverage will typically apply. For example, say your child’s bike was stolen. In this case, and assuming your student is living on campus in a resident dorm, your home insurance may cover the costs to repair or replace the bike. Your home insurance might also apply if your child accidentally injured someone or caused damage to campus property (although it would be your personal liability coverage that would kick in, not your contents coverage).

Depending on the insurer, however, coverage can vary and be limited. You’ll need to discuss your child’s situation with your insurer to confirm that they will have coverage. Oftentimes, the insurer will require the child to be under a certain age and live in a campus dorm. They may also limit how much they will pay out for property damage/theft that occurs while your child is living away from your home.

How Does Home Insurance Cover a College Student Living on Campus?

As long as your child meets your insurer’s qualifications, they can have coverage under their parent’s home insurance policy. In this case, two aspects of your home insurance (as the parent) will apply in the event something happens: your contents coverage and your personal liability coverage.

  • Your personal property coverage may help your child cover the costs of repairing or replacing any of their belongings if they’re stolen or damaged (although the damage would have to be due to a covered peril, like weather or fire.)
  • Your personal liability coverage may help cover your child if they are legally responsible, or liable, for damages to property or someone else’s injuries. This coverage can pay out for damages, including property repair, medical bills, and legal defence.

In the event, that your child’s dorm is broken into and their laptop is stolen, or they’re held responsible for damaging campus property accidentally, you could file a claim with your insurance company, who could then reimburse you for the stolen laptop or pay for the damage costs. Your child should keep an inventory with receipts or other documentation of their belongings to expedite the claims process and ensure a quick and fair settlement.

You would also still be responsible for paying out your home insurance deductible in the event of a claim, specifically when you’re filing a claim under the contents portion of your coverage. Common policy deductibles range between $500 to $1,500, so if the amount lost is anything less than this, your claim would likely end up being denied. 

When Would a Child Not Be Covered?

Certain insurers may not insure your student away from home while attending college if they:

  • Don’t live on campus/college-sanctioned housing
  • Are older than a specific age (usually 25)
  • Are not a full-time student attending the college

If your child lives in a separate apartment or building off-campus, then they would likely need their own tenant’s insurance policy to cover their belongings. 

When Does My Child Need Renter’s Insurance?

College students may be deemed ineligible for coverage under the parent’s homeowner’s policy if they are living off-campus, or sometimes if they’re not a full-time student or above a certain age. They may, at this point, need their own renter’s insurance. Renter’s insurance is a limited form of home insurance that covers the tenant’s liability and belongings. Usually, the building that the renter is living in will be covered by the landlord who owns the property (hence why the tenant’s insurance doesn’t include a dwelling component, as the building isn’t owned by them.) 

Renter’s insurance is one of the cheapest insurance policies on the market, costing as little as $10/month with relatively low deductibles. Certain companies will also offer dorm insurance, which is very similar to renter insurance but a little more tailor-made for those living in dorms and not apartments. 

Plus, if your child has a car, they can qualify for a multiline policy discount by bundling their renter’s insurance with their auto policy! Most, if not all insurers offer bundle discounts for renter’s insurance.

Discuss with an AHI representative today if you’re sending off a child to school and you’re concerned about coverage for their possessions. We’re happy to discuss existing coverage and to explore the possibility of a separate renter policy for your child.

Diving into the Future: How AI is Transforming Auto Insurance Underwriting

Posted on by AHI Group

AI has made remarkable strides in its development, although it is still a long way from replicating human intelligence. In today’s world, we encounter artificial intelligence in various aspects of our lives, such as using algorithms to discern customer preferences in e-commerce shopping and managing chat boxes, among other applications. The insurance industry has also embraced AI, leveraging its capabilities to refine the underwriting process and provide customers with more precise policy pricing.

The advancement of AI has raised some interest in how it’s going to make a mark on the insurance industry, but the truth is that insurance has already transformed due to AI’s influence. AI has become commonplace in insurance as an inclusion in the underwriting process and in how risk is assessed. AI may also transform the way we drive with the emergence of autonomous vehicles, which in turn will alter how we determine fault for insurance collisions. Let’s get into it.

AI in Auto Insurance: Revolutionizing Underwriting

First, let’s look at how auto insurance is playing a significant role in transforming the process of underwriting. Underwriting, the act of assessing a prospective policyholder or business’ risk, was once a process done manually. Now, with the incorporation of AI, underwriting can be automated, expedited, and even enhanced in its accuracy.

The Traditional Underwriting Process

Auto insurance underwriting is the critical process by which insurance companies assess risks and determine policy premiums for individual drivers. Traditionally, this process relied heavily on manual assessments, historical data, and actuarial models. Human underwriters would painstakingly analyze vast amounts of information to evaluate a driver’s risk profile, resulting in a time-consuming and often less accurate process.

Advantages of AI-Powered Underwriting

Incorporating AI into underwriting processes boasts a wide array of benefits, including:

  • Improved Accuracy: AI’s ability to analyze extensive data sets ensures a more accurate assessment of a driver’s risk profile. Factors such as driving behavior, past claims history, vehicle type, and environmental conditions are considered in a comprehensive manner, leading to more precise premium calculations.
  • Faster Decision-Making: With AI, the underwriting process becomes significantly faster. Decisions that once took days or weeks can now be made in a matter of minutes, expediting policy issuance, and enhancing customer satisfaction.
  • Customization and Personalization: AI enables insurers to offer more personalized policies tailored to individual drivers’ specific needs and behaviors. Usage-based insurance (UBI) models, which rely on telematics data collected through devices or smartphone apps, allow insurers to reward safe driving habits with discounted premiums.
  • Risk Mitigation: AI-driven risk assessment can identify high-risk drivers more accurately, leading to improved risk mitigation strategies. By targeting risky behaviors and trends, insurance companies can incentivize safer driving practices and ultimately reduce the frequency and severity of accidents.
  • Enhanced Underwriter Support: Rather than simply replacing human underwriters, AI assists them in making more informed decisions. The technology augments human expertise, providing valuable insights and recommendations based on data analysis.

One of the biggest fears of AI’s adoption is that it will “replace” human workers. This isn’t true. Instead, AI aims to support human workers and handle some of the simpler tasks to instead pass off more complex matters to human employees.

AI-Powered Risk Assessment in Auto Insurance

Risk assessment is the process of assessing an entity or individual’s risk. Not unlike underwriting, risk assessment is the analysis of someone’s risk profile. In auto insurance, that risk is how likely the driver is to get into an accident/have their vehicle damaged.

Risk assessment is not only key to pricing insurance, but it’s also the pinnacle when it comes to ensuring sufficient coverage. Without accurate risk assessment, policyholders will receive cookie-cutter insurance policies that may or may not be enough to cover them if a loss occurs.

With AI, risk assessment is easier, more detailed, and based on thousands, if not millions, of existing user databases and statistics that AI can shift through in mere seconds to extract valuable information and gauge a driver’s risk based on the extricated material.

Autonomous Vehicles and the Future of AI Technology in the Insurance Industry: Concluding Thoughts

While this isn’t specifically targeted toward insurance, autonomous vehicles are also something to be considered when the topic of AI is brought up. Autonomous vehicles are essentially driverless vehicles and have been in testing for the last several decades. There aren’t many available to the public, but it’s estimated that they’ll begin hitting the streets in the next few decades. With autonomous vehicles comes the question of determining fault for insurance companies: can a single driver be considered at fault in a collision when there’s no actual “driver?” Would the litigation then fall on the manufacturer instead? Would autonomous vehicles severely reduce the number of accidents, and thereby lower total property loss costs – and consequently premiums as well?

There are a lot of questions that have yet to be answered, especially since we aren’t seeing common use of autonomous vehicles yet. It’s an interesting prospect, nonetheless.

The integration of AI into auto insurance underwriting represents a paradigm shift in the industry. For both the sellers of insurance and the buyers, AI has the potential to reduce insurance costs due to enhanced underwriting capabilities, reduce collisions with autonomous vehicles, and enhance the way risk assessment is done, for better insurance coverage.

For more questions about auto insurance and AI, or just questions about your own auto insurance policy, give us a call at AHI Group today.

The Importance of Regular Policy Reviews

Posted on by AHI Group

When you purchase insurance, the last thing you probably want to do is read through every single detail of your coverage and scour every piece of fine print. Insurance policies are one of those things too many people are guilty of simply acquiring, and then putting away in a safe filing cabinet (or digitalized document) and then forgetting about. But when the insurance market is during a phenomenon known as a hard market, characterized by rising insurance rates, it’s more crucial than ever to know what you’re covered for – and know where you may need to make some changes to ensure you are properly insured. Insurance needs are always changing, whether you’re a household or a business. As such, your insurance coverage should change with it – but that’s not possible unless you’re doing regular reviews.

Even without the current hard market conditions, doing regular policy reviews, at least once per year, can help you better understand your coverage, identify potential gaps, maintain appropriate coverage levels, and even keep your premiums competitive. AHI is happy to schedule a complimentary policy review with you, to go over your coverage and discuss your needs with an expert eye. Read on to see more about the importance of policy reviews and why you should schedule one with us today.

The Policy Review Process, Broken Down

In steps, the policy review process may seem arduous, but it’s not all that long of a procedure and can ultimately help you to save big on your insurance. Here’s what it looks like when you schedule a complimentary policy review with AHI Group:

Step 1: Information Gathering

Upon scheduling the policy review, the policyholder provides AHI Group with relevant information, such as existing insurance policies, coverage details, and any specific concerns or changes in their circumstances. Changes may include life events like the remodelling of kitchens, a new baby, a change in the primary driver, new usage of a vehicle or new commute, mergers, acquisitions, and so on.

Step 2: Assigned Account Manager

Your assigned agent will be your point of contact throughout the entire policy review process. If you have any questions during this period, you will be directed to them.

Step 3: Policy Documentation Collection

The policyholder – you – submits all relevant policy documents to AHI Group. These may include insurance contracts, endorsements, policy schedules, and any other related materials.

Step 4: Risk Assessment and Analysis

AHI Group’s team of experts conducts a comprehensive risk assessment of the policyholder’s current coverage. They analyze the policy’s terms, limits, exclusions, and endorsements to understand the level of protection it offers.

Step 5: Consultation and Discussion

The account manager schedules a consultation with the policyholder to discuss the findings of the risk assessment. They seek further insights into the policyholder’s insurance needs, future plans, and any changes in their risk exposure.

Step 6: Identifying Coverage Gaps

Based on the risk assessment and the client consultation, AHI Group identifies any gaps or overlaps in the existing coverage. They compare the policyholder’s needs with their current policy to pinpoint areas that require adjustments.

Step 7: Customized Recommendations

AHI Group formulates a personalized set of insurance recommendations tailored to the policyholder’s unique requirements. This may include additional coverage options or changes to existing policies to better address identified risks.

Step 8: Presentation of Policy Review Report

The account manager presents a detailed policy review report to the policyholder. This report outlines the current coverage, the identified gaps and overlaps, and the recommended adjustments.

Step 9: Q&A and Clarifications

The policyholder can ask questions and seek clarifications about the policy review report and the recommended changes. AHI Group ensures that the policyholder fully understands the proposed modifications.

Step 10: Adjustments and Policy Updates

If the policyholder agrees with the recommendations, AHI Group proceeds to implement the required adjustments to their insurance policies. This may involve negotiating with insurance carriers to secure the best possible terms.

Step 11: Follow-Up and Ongoing Support

AHI Group provides ongoing support and assistance to the policyholder after the policy review process is complete. They remain available to address any further inquiries or changes in the policyholder’s insurance needs.

Why Schedule a Policy Review with AHI Group?

Policy reviews are of paramount importance in the insurance industry as they serve as a vital safeguard for policyholders’ financial well-being and risk management. Insurance needs can evolve over time due to changes in business operations, personal circumstances, or regulatory requirements. A comprehensive policy review ensures that coverage aligns with these changes and remains adequate to protect against potential risks. By conducting a thorough assessment, policy reviews help identify coverage gaps, overlaps, and potential exposures that may have arisen since the policy’s inception. This proactive approach empowers policyholders to make informed decisions about their insurance coverage, providing the opportunity to update policies, secure additional endorsements, or explore alternative risk management strategies. Ultimately, policy reviews not only optimize insurance protection but also foster long-term relationships between policyholders and their insurance providers, creating a stronger sense of trust and assurance in times of unforeseen events.

Don’t leave your insurance coverage to chance! Secure your financial future with a complimentary policy review from AHI Group today. Gain peace of mind knowing your insurance aligns with your evolving needs and risk exposure. Schedule your review now and take charge of your protection. Contact us today!

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Riders You Can Add to Your Life Insurance

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At AHI Group, we offer the residents of Olathe, KS life insurance that helps them provide for their families in the event of their death. Life insurance policies, like other types of insurance, offer riders or add-ons that let you customize the policy to your needs. Life insurance riders allow you to add additional utility to your policy. Some add to the premium, while others do not. Let’s explore the most common riders and what each does.

Life Insurance Add-Ons

Accidental Death Rider

The accidental death rider pays an additional amount to your beneficiary if you die in an accident. Some of these riders pay twice the face value of the policy, hence the name double indemnity policy.

Guaranteed Insurability Rider

Adding a guaranteed insurability rider lets you add coverage at a later date without a follow-up medical exam. This can come in handy as you age and have children since as your family grows, so should your amount of insurance. If you develop an illness that would otherwise preclude coverage, with this rider, it won’t keep you from adding to your policy.

Waiver of Premium Rider

A waiver of premium ensures that if you sustain a disabling injury or illness, you won’t have to keep paying premiums for your life insurance to remain active. The rider pays the premiums for you.

Long-Term Care (LTC) Rider

You have two choices when it comes to LTC – a rider on your life insurance or a standalone policy. The rider adds LTC coverage to your life insurance that accesses part of your death benefit as funds to pay for care in a residential facility.

Family Income Benefit Rider

This life insurance rider provides monthly income for your family when you die. Typically a rider added to the life insurance of the sole income earner in a household, this add-on protects your family’s ability to maintain their way of life and high living standards.

Accelerated Death Benefit Rider

An accelerated death benefit lets you access your death benefit while you live if you receive a diagnosis of a terminal illness. This rider can protect other family finances and fund your medical costs to fight the disease.

Child Term Rider

A child term rider adds term life coverage for your minor child to an existing parental life insurance policy. It pays a death benefit if your child dies during the term covered.

Protect Your Family with Life Insurance

Contact AHI Group serving Olathe, KS to ensure that you provide for your family in death. Let us help you provide your family with peace of mind.

Why Are My Insurance Quotes So High? – Navigating Rising Premiums in a Hard Market

Posted on by AHI Group

As policyholders, we have all experienced the impact of fluctuating insurance markets at some point. Lately, you may have noticed a shift in your insurance premiums—an unwelcome upward trend that has caught your attention. Welcome to the challenging landscape of a hard market.

We plan to explore the ins and outs of rising insurance premiums during a hard market in this blog post. We understand that, as a responsible policyholder, you want and need to make the most informed decisions while also ensuring the safeguarding of your livelihood and assets. Let’s get into the factors behind rising insurance premiums, plan strategies to mitigate the impact, and provide insights on how to maintain optimal coverage without breaking the bank.

Why Insurance Premiums Rise During a Hard Market

During a hard market, insurance premiums tend to rise due to several factors that create a challenging environment for insurance providers. Understanding these factors can help policyholders make sense of the increasing costs. As such, here are the three main reasons why insurance premiums may rise during a hard insurance market:

Increased Claims and Losses. Hard markets often coincide with an uptick in claims and losses across the insurance industry. This can be attributed to various factors such as natural disasters, economic downturns, or an increase in fraudulent activities. When insurers face a higher volume of claims and payouts, they need to adjust their premiums to maintain financial stability and ensure they can continue to provide coverage to policyholders.

Investment Returns and Profitability. Insurance companies generate a significant portion of their revenue through investment returns on their premiums. However, during a hard market, insurers may experience lower investment returns due to economic uncertainties or market volatility. This reduction in investment income can impact the profitability of insurance companies, leading them to adjust premiums to maintain financial stability and ensure they can meet their policyholder obligations.

Reduced Capacity and Competition. In a hard market, insurers may face limitations in their capacity to underwrite risks or may become more selective in the types of risks they are willing to cover. This reduced capacity is often driven by a combination of factors such as regulatory changes, changes in reinsurance availability, or financial pressures within the insurance industry. With fewer insurers competing for business, the limited options can result in higher premiums as insurers seek to manage their risk exposure.

Tips for Rising Premiums & How to Mitigate Their Impact

Facing rising insurance premiums during a hard market can be challenging for policyholders. However, there are means to help you combat the premium spikes and mitigate their impact on your finances. To navigate the hard market better, consider the following tips:

  • Mitigate Risks and Enhance Safety Measures: Insurance premiums are influenced by the level of risk associated with your property or business. By implementing risk management strategies and improving safety measures, you can potentially reduce the likelihood of accidents or losses. This, in turn, may lead to lower premiums. Consult with your insurance provider or risk management professionals to identify areas where you can enhance safety protocols.
  • Bundle Policies and Seek Discounts: Many insurers offer discounts when you bundle multiple policies, such as home and auto insurance, with the same provider. Consolidating your insurance needs with a single insurer can lead to cost savings. Additionally, inquire about available discounts, such as loyalty discounts, good driving records, or installing security devices, as these can help reduce your premiums.
  • Increase Deductibles: Consider adjusting your deductible—the amount you pay out of pocket before insurance coverage kicks in. Opting for a higher deductible can lead to lower premiums. However, ensure that you have sufficient funds to cover the deductible in case of a claim.
  • Work with an Independent Insurance Agent: Insurance agents have access to multiple insurance companies and can help you find the best coverage options at competitive prices. They can analyze your needs, compare policies, and negotiate on your behalf to secure the most favorable rates. We at Auto Home are happy to help.
  • Regularly Review Coverage Needs: As your circumstances change, it’s essential to review your coverage needs periodically. You may find that certain coverages are no longer necessary or that you require additional protections. By aligning your coverage with your current needs, you can avoid overpaying for unnecessary coverage. Ask an agent to do this with you.
  • Review and Compare Policies: Take the time to review your existing insurance policies and shop around for alternative options. Do this with the help of an agent – who has the expertise to get you what you need.

Reviewing Your Policy with Auto Home Insurance Group

We understand that navigating rising insurance premiums in a hard market can be daunting. However, by staying informed and taking proactive steps, you can effectively combat the premium spikes and make informed decisions about your coverage. At AutoHome Insurance Group, we are committed to providing you with comprehensive coverage and stability during these challenging market conditions.

One of the best things you can do for your insurance at this point-in-time is to do a review with an agent. Due to their expertise, an agent is capable of giving you in-depth feedback, advice on how to combat the rate rise based on your personal circumstances and may advise where your policy needs adjustments based on your insurance needs.

We want to give you nothing less than the best service. Give us a call today to schedule a policy review with your trusted insurance agent.

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July’s Referral Winner is Rockers Chiropractic LLC: Chiropractic Care & Its Benefits

Posted on by AHI Group

As part of AHI Group’s referral raffle program, our winner this month is Dr. Troy Rockers from Rockers Chiropractic LLC in Olathe, Kansas! Rockers Chiropractic is the choice for chiropractic care in Loathe, KS, and southern Johns County. Dr. Troy Rockers offers a pain, accident, and treatment center where you can find relief through natural methods, such as disc decompression, cold laser therapy, and chiropractic. Rockers also stresses that wellness is also best achieved through nutrition.

Let’s take a look at what makes July’s referral winner so great and, if you’re a prospect patient looking for treatment that offers long-lasting great results without the need for invasive surgery, some reasons why you might choose to step into Dr. Rockers’ clinic!

What is Chiropractic & How Does It Help?

Chiropractic care is a holistic and non-invasive approach to healthcare that focuses on optimizing the body’s natural ability to heal itself. Rooted in the belief that a properly aligned spine is essential for overall well-being, chiropractic practitioners use hands-on techniques to diagnose, treat, and prevent a wide range of musculoskeletal issues. By addressing misalignments in the spine, known as subluxations, chiropractors aim to restore proper nerve function, alleviate pain, and improve overall physical function.

At Rockers Chiropractic, Dr. Rockers uses a variety of treatments from traditional chiropractic to physical modalities and nutritional supplementation. The core of his focus is correcting disc problems rooted in the spine. Chiropractic has gained significant recognition for its ability to provide natural pain relief while also enhancing the body’s capacity to maintain optimal health.

The Role of Chiropractic Care and its Core Principles

Central to chiropractic philosophy is the concept that the spine and nervous system are interconnected and play a vital role in the body’s ability to function harmoniously. When the spine is misaligned, it can lead to nerve interference, disrupting the flow of vital signals between the brain and various parts of the body. This interference can manifest as pain, discomfort, limited mobility, and even issues with internal organ function. Chiropractors like Dr. Troy Rockers use a variety of specialized techniques to promote the body’s natural healing processes.

Rockers Chiropractic Services

At Rockers Chiropractic LLC., Dr. Troy Rockers offers a wide variety of services for the communities in Overland Park, Olathe, Lenexa, and the Kansas City metropolitan area. Dr. Troy Rockers offers the following services to his clients:

  • Weight loss programs
  • Sports injury therapy
  • Functional nutrition
  • Jaw pain
  • Foot pain
  • Disc decompression
  • Cold laser
  • Auto injury care

Chiropractic Care and Auto Injuries

After the unsettling experience of an auto accident and the subsequent filing of an auto claim, prioritizing your recovery is paramount. Chiropractic care emerges as a pivotal ally in this journey, and an office like Dr. Troy Rockers’ can be crucial in this instance. Auto accidents can result in hidden injuries that may not be immediately apparent but can cause long-lasting discomfort if left untreated. Chiropractors, with their specialized knowledge of the musculoskeletal system, play a crucial role in diagnosing and addressing these often-overlooked injuries.

Become a Referral Winner with AHI Group

Joining hands with AHI Group presents an exciting opportunity to not only enhance your business’s reach and impact but also to become a referral winner and reap incredible rewards. By partnering with us and referring a friend to experience the AHI difference, you not only extend the gift of comprehensive insurance protection but also stand a chance to be recognized as a referral champion.

Becoming a referral winner is easy. Just refer a friend to AHI Group for their commercial insurance needs, and you’re on your way to earning not only our sincere gratitude but also exclusive rewards that showcase our appreciation for your trust and support.

Start your journey as a referral winner today by connecting with AHI Group and sharing the value of our insurance solutions. Together, let’s build a stronger, more secure community – one referral at a time.

If you want to check out Dr. Troy Rockers’ chiropractic office, give him a call at (913) 254-9495.

Assessing Insurance Needs in a Hard Market

Posted on by AHI Group

In a challenging hard insurance market, assessing your insurance needs becomes crucial to navigate the shifting landscape effectively. At Auto Home Insurance, we understand the impact of rising premiums and changing market conditions on policyholders. In this blog, we plan to explore the importance of evaluating your insurance coverage, identifying potential gaps, and offering valuable insights on scheduling a policy review with our experienced agents. Discover how you can optimize your protection and find cost-saving opportunities during this demanding period.

A Brief Overview of the Hard Insurance Market

We’ve touched on the topic of what a hard market is before, and so for brevity’s sake, we’ll give a quick overview of the definition of an insurance hard market.

Essentially, the insurance industry operates in cycles. During a hard market, policyholders experience increased premiums and limited coverage options. It occurs when insurance companies face higher claim costs, reduced capacity, and a more risk-averse approach. Factors such as natural disasters, economic fluctuations, and regulatory changes contribute to this challenging market phase. In a hard market, insurers become more selective in underwriting policies, leading to higher prices for customers. Understanding the dynamics of a hard market helps policyholders navigate its impact, make informed decisions about coverage, and seek opportunities for cost management.

Assessing Your Insurance Coverage

During a hard market, the most important thing a policyholder can do is assess their insurance coverage thoroughly.

As market conditions evolve, your insurance needs may change as well. Begin by reviewing your existing policies and understanding the scope of coverage they provide. Consider the specific risks and challenges your personal or business circumstances face in the current market environment. Evaluate whether your coverage adequately protects against these risks or if adjustments are necessary. Look for potential gaps or overlaps in coverage that could leave you exposed to unforeseen losses. By conducting a comprehensive assessment of your insurance coverage, you can ensure it aligns with your current needs and provides the necessary level of protection during a hard market.

We highly recommend scheduling a policy review with your agent at Auto Home Insurance Group. Give us a call today or send us an email at your earliest convenience.

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Identifying Potential Coverage Gaps

In a hard market, identifying and addressing potential coverage gaps becomes paramount to safeguarding your financial well-being. As market conditions change, new risks may emerge, and existing coverage may no longer provide adequate protection. Take the time to carefully evaluate your policies and consider any recent changes in your personal circumstances or business operations. Are there any gaps in your coverage that could leave you vulnerable in the event of a claim? Are there emerging risks that your current policies do not adequately address?

To identify potential coverage gaps, review the specific terms, limits, and exclusions of your insurance policies. Assess whether they align with your current needs and provide sufficient protection for your assets, liabilities, and unique risks. Consider engaging with an experienced insurance professional who can offer expert guidance in identifying and addressing these gaps. They can help you understand the intricacies of your policies and ensure that you have the right coverage in place to mitigate potential financial risks.

Remember, proactive measures to identify and address coverage gaps can help you avoid surprises and minimize the impact of unexpected events. By being diligent in your assessment, you can make informed decisions and ensure your coverage remains robust and responsive to the evolving market landscape.

The Steps to Scheduling a Review

Scheduling a policy review with Auto Home Insurance is a straightforward process. Take the following steps to initiate the review:

  1. Contact Us: Reach out to our dedicated team by phone or email to express your interest in scheduling a policy review. We are here to assist you and answer any initial questions you may have.
  2. Consultation: A member of our experienced agency team will arrange a consultation at a time convenient for you. During this consultation, we will gather relevant information about your insurance coverage, understand your unique needs, and discuss the objectives of the policy review.
  3. Policy Analysis: Our agents will conduct a thorough analysis of your existing policies, examining the terms, coverage limits, and exclusions. They will assess whether your current coverage adequately addresses your risks and identify any areas for improvement.
  4. Recommendations: Based on the analysis, our agents will provide personalized recommendations tailored to your specific needs. They will guide you through available options, discuss potential cost-saving strategies, and help you make informed decisions about your coverage.
  5. Implementation: Once you have reviewed and approved the recommended changes, our agents will assist you in implementing the revised coverage. They will handle all necessary paperwork, ensuring a smooth transition and providing ongoing support.

Scheduling a policy review with Auto Home Insurance empowers you to navigate the hard market with confidence, knowing that your coverage is optimized and aligned with your evolving needs. Contact us today to secure your policy review and experience the value of our expertise firsthand.

The Value of a Policy Review

Amidst a challenging hard market, the value of a policy review cannot be overstated. Scheduling a policy review with Auto Home Insurance provides you with a personalized and comprehensive assessment of your coverage.

Our experienced agents have an in-depth understanding of the hard market landscape and can identify potential gaps or inefficiencies in your current policies. By conducting a thorough review, they can tailor your coverage to align with your evolving needs, ensuring you have adequate protection while optimizing costs. With their expertise and industry knowledge, our agents will guide you through the complexities of the hard market, empowering you to make informed decisions about your insurance coverage. Give us a call today to begin your policy review.

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