Whether you’re approaching 26 when your parents’ health insurance stops covering you under the guidelines of the Affordable Care Act or you are older, you’ll want to enroll in coverage for yourself. Enroll as soon as possible, as delays can be costly in many ways. Our agents at Insurance & Financial Services Inc. in Baton Rouge, LA, offer these beginner tips.

Think About Your Health Needs

Consider how much you use your health insurance. If you only visit for wellness checks and when you fall ill, a high deductible, low premium plan may be best. A high premium, low deductible, high premium plan may be optimal if you use insurance benefits frequently, but be prepared to pay more monthly.

Review Health Insurance Options

There are two main options to explore concerning health insurance, including the following.

• Insurance Through Your Employer: Should the company you work for offer health insurance, you can enroll in coverage. However, there may be a set time of employment required before qualifying.
• Coverage Through the Health Insurance Marketplace: You may qualify under the HIM if you’re unemployed or your employer doesn’t offer coverage.

Don’t Delay Getting Health Insurance

Anything can happen at any time, and the federal government often implements fines for those without health coverage. Apply sooner rather than later to avoid costly medical bills and penalties.

Don’t Delay Getting Health Insurance

Anything can happen at any time, and the federal government often implements fines for those without health coverage. Apply sooner rather than later to avoid costly medical bills and penalties.

Looking for Health Insurance in Louisiana?

Let our agents at Insurance & Financial Services Inc. in Baton Rouge, LA, or at one of our other physical locations in Plaquemine and Metairie get your policy started.

Being a business owner is a good idea for aspiring entrepreneurs in the Baton Rouge, LA area. When you are looking to start a business here, you do need to have proper insurance. This form of coverage offers a lot of support to businesses of all sizes, including asset protection and liability mitigation. If you do not carry this insurance, you could face a variety of negative outcomes.

Face Significant Financial Losses

One of the reasons to have a commercial insurance plan for your business is so you can receive financial protection. You can face significant financial losses if you do not maintain this coverage. If your company is liable for an accident and uninsured, you must cover damages out of financial reserves. Further, you will not have financial support if your business incurs a loss due to damage or theft. 

Violation of Agreements

Not having a commercial plan can also result in violating various agreements. You likely have some insurance obligations if you have taken out a loan, raised outside equity, or entered various other agreements. If you do not meet these requirements, you can violate such agreements. This could lead to penalization or even having the entire agreement dissolved with the other parties. 

It is clearly essential that businesses in the Baton Rouge, LA area get the right insurance. When you want this insurance in Louisiana, calling our Insurance & Financial Services Inc. team would be a great idea. When you call our insurance professionals with Insurance & Financial Services Inc., you can get the help you need to build the right policy to meet your needs.

At Insurance and Financial Services Inc. in Baton Rouge, LA, we know that the more information you have about insurance options and coverage, the more informed decisions you can make to protect your family and belongings. We’ve compiled and answered the most common questions we receive about renters insurance, so you have quick, easy access to the information you need. 

What does renters insurance cover?

Most policies cover personal property, liability protection, and additional living expenses if your rental becomes uninhabitable. It can also provide coverage for theft outside your home and liability claims against you.

Do I need renters insurance?

While renters insurance typically isn’t required by state or local law, it can help protect you from losing the personal belongings you’ve invested in after a fire, flood, natural disaster, or break-in. Having renters insurance is an essential component of your overall financial strategy. 

How much coverage do I need?

The amount of coverage you need depends on the value of your personal property. Our team can provide you with tools for logging and calculating the value of your personal property and help you determine how much coverage is adequate for you and your family. 

How do I file a claim?

When you take out renters insurance, you’ll receive all the necessary information to file a claim. The most important thing to remember is to contact your agent if you experience an event that results in loss of personal property. We can help you take the proper steps in the immediate aftermath and get your claim moving along as soon as possible. 

To learn more about renters insurance or get a customized quote, visit us at Insurance & Financial Services Inc. in Baton Rouge, LA, today!

Protecting assets is crucial for individuals with substantial wealth in and around the Baton Rouge, LA area. While most may have high-limit insurance policies in place, these policies may not fully shield their wealth from potential risks and liabilities. Umbrella insurance picks up to protect your assets that other policies may not cover. 

The Role of Umbrella Insurance in Asset Protection

Umbrella insurance is designed to fill the gaps left by primary insurance policies, serving as a protective shield for an individual’s wealth and assets. Critical aspects of umbrella insurance as an asset protection tool include:

1. Increased Liability Coverage: Umbrella insurance provides additional coverage in increments of one million dollars or more, extending the limits of primary policies. This extra coverage is a financial buffer, protecting individuals from large-scale claims or lawsuits that could threaten their assets.
2. Legal Defense Costs: Besides covering the settlement of claims, umbrella insurance includes legal defense costs. This is crucial, as legal expenses in liability cases can be substantial, regardless of whether the case is won or lost.
3. Asset Preservation: By mitigating financial risks and potential losses, umbrella insurance helps preserve an individual’s wealth and assets to continue enjoying their lifestyle and investments.

The Synergy of an Overall Asset Protection Strategy

High-net-worth individuals should work with financial advisors and insurance professionals to develop a comprehensive asset protection strategy that aligns with their unique needs and risk profile. This strategy may include a combination of various insurance policies, trusts, legal entities, and other risk management tools to safeguard their wealth and assets from a wide range of potential threats.

Insurance & Financial Services Inc. Can Help You

Here at Insurance & Financial Services Inc., we can answer all your questions concerning umbrella insurance. We assist the Baton Rouge, LA region. Contact us today.

Flood insurance is critical to saving a home and property if it is damaged in a flood, especially in the Baton Rouge, LA area. Some locations require it due to the area of flood zones, while others are optional. Having the added coverage can deliver a sense of peace in a time of such disasters. 

How Flood Insurance Can Help 

Flood insurance differs from homeowner’s insurance and is necessary to replace or repair damaged homes and property when flood waters rise unexpectedly. When Flash Flood Watches and Warnings are posted, the waters can cause extensive damage to the structure and stability of the home.  

It can also damage other buildings and personal property within the premises. It is essential to realize that flooding may still occur even if the residence is not in a flood zone, and having the added protection can save the homeowner thousands of dollars.

Heavy Rains and Rising Waters 

Like other areas, those living in and around Baton Rouge, LA know how quickly the Mississippi River can quickly flood certain regions. Heavy rains over an extended time can cause the river and other surrounding waterways to overflow nearby properties. 

Even though the cities have good drainage systems, heavy rains at an alarming rate can cause water to rise and bring wrath to the area. Floods from hurricanes and other strong pop-up systems can deliver several inches per hour. Being prepared is critical.  

How Insurance & Financial Services Inc. Can Help You

At Insurance & Financial Services Inc., we can tend to your flood insurance needs and answer common and unique questions. Please contact us to find out how we can help you if you live in a flood zone or wish to have the option of getting flood insurance. 

Choosing your health insurance coverage is very important to your health. You need to know you can get the health services you need without bankrupting yourself. At Insurance & Financial Services Inc. in Baton Rouge, LA, we can help you find the right policy to provide the coverage you need at a price you can afford. 

What is the premium?

You have to be able to afford your health insurance. While the premium is not always the best way to choose your coverage, choosing a policy you can’t afford doesn’t make sense. 

Is my doctor in the network?

All insurance carriers have a network of doctors and healthcare professionals. If you have a doctor or doctors you prefer, you need to ensure they are in the network of the policy you are considering. 

What is the yearly deductible?

The yearly deductible is the amount of out-of-pocket payment that you will have to make before your health insurance starts to cover you. High-deductible policies are more affordable, which has made them popular. The problem is that you may end up paying all your medical expenses out of pocket if you don’t have an HSA. 

How much do my drugs cost?

Your insurance carrier will have a formulary that lists all the covered drugs and the amount you will pay to fill your prescription. The drugs are assigned to a tier, and each tier has an out-of-pocket cost. 

What type of managed care is it?

Three major types of managed care are available; HMO, PPO, and POS. HMOs are the most restrictive but also the most affordable. It is essential that you understand all the requirements that come with each type. 

Contact Insurance & Financial Services Inc. Baton Rouge, LA for your health insurance needs. 

Floods are responsible for property damage, human and livestock loss, landslides, erosion, and more. As a result, flood insurance is beneficial in many ways. Even areas that aren’t prone to flooding aren’t exempt from the possibility of a flood. This is why investing in flood insurance may be a good idea. Our Insurance & Financial Services Inc. team is committed to educating Baton Rouge, LA residents on the impact of floods and the benefits of flood insurance. 

What is Flood Insurance?

Flood insurance is designed to provide financial coverage for the repair or replacement due to damage and property loss resulting from flooding. Flood insurance typically covers your home, auto, appliances, structures on your property, electrical and plumbing damage, and more. Typically, an insurance representative will determine your risk factors for flooding based on your geographical location and its flood history. Topographical maps are commonly used to gauge your area’s susceptibility to flooding. 

It never floods where I live. Is flood insurance worth the cost if I don’t live in a flood zone?

Perhaps. Many floods occur in places considered at low risk for flooding. Moderate or low-risk areas aren’t exempt from the possibility of flooding. As a result, it may be a wise choice to invest in flood insurance. The National Flood Insurance Program (NFIP) reports that at least forty percent of all flood claims come from moderate or low-risk areas. If you are interested in learning more about flood insurance, call us. We’d be happy to answer your questions.