A Look At Universal Life Insurance Policy

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Maple Mountain Insurance Services provides coverage to Mapleton, UT residents. We are committed to helping our clients find policies to prepare for life’s most unexpected situations. We offer custom policies to ensure that you will find the coverage you need regardless of your situation.

A Look At Universal Life Insurance Policies

Life insurance helps you leave a legacy for your loved ones after you have passed away. Thinking about the afterlife is an uncomfortable topic for everyone.  However, through your life insurance policy, you can help make things a little easier for your loved ones. One of the more common types of life insurance is universal coverage.

Universal life insurance is permanent coverage. However, you will have to adhere to the guidelines in order to maintain full coverage. The policy does include death coverage so that your loved ones can make arrangements for your funeral. The death coverage can give your loved one’s peace of mind that your funeral arrangements in Mapleton, UT will be taken care of.

Universal life insurance policies also allow your assets to grow. You can adjust the terms of your policy if your situation changes. If you have an emergency, you can withdraw some assets on your policy. Flexibility is considered a real asset. However, it’s important that you continue to adhere to the guidelines. You have a grace period regarding your policy, but you need to analyze your policy before making any decisions. Universal life insurance differs from term life because you are ensured of having permanent coverage as long as you meet the terms of the policy. Universal life policies are also known for their flexibility. You can alter your coverage compared to term life or even more structured whole life policies.

Maple Mountain Insurance Services Will Help You Stay Protected

Visit our website today to learn more information on life insurance.

What Utah Residents Should Know About Auto Insurance

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Auto accidents can occur as a result of many factors. One such way is you getting distracted by Utah’s stunning landscape and end up crashing into someone’s car. Utah uses a no-fault system for car insurance, meaning that you will make a claim to your insurance regardless of who is at fault. 

Utah drivers know that auto insurance is mandatory, but are they aware of the different car insurance types? When you partner with Maple Mountain Insurance Services located in Mapleton, UT, they will help you understand the below auto insurance options.

Utah requires drivers to buy liability coverage that covers a minimum of the following:

  • $25,000 bodily injury per person
  • $65,000 bodily injury per accident
  • $15,000 property damage per accident

Furthermore, Utah requires drivers to purchase personal injury protection (PIP) with a minimum limit of $3,000. PIP covers accident-related medical costs regardless of who was at fault. PIP also coves part loss of income.

If you are looking for maximum auto protection, you have to look beyond the minimum covers. Why? In the case of a severe accident, your minimum policy limits are likely to run out, forcing you to cover uncovered losses from your pocket. 

That said, you need to explore the below auto insurance options for your vehicle:

  • Collision and comprehensive insurance: Although PIP and liability insurance seems to cover much, they don’t provide any coverage for damage to your car. Collision insurance comes into play when someone crashes into your car or for your mishaps like reversing into a post. 

Comprehensive cover extends beyond collision and protects your car from theft, vandalism, falling objects, fire, and some natural disasters like floods and hail.

  • Uninsured & underinsured motorist insurance: Uninsured drivers can leave a trail of unpaid accident expenses on their way. They have insufficient coverage to cater for accident-related damages and medical costs, forcing other motorists to buy extra insurance.

Need more information on auto insurance? Please contact Maple Mountain Insurance Services located in Mapleton, UT, for comprehensive auto insurance tips. Wondering whether you should buy all auto insurance plans? Don’t worry. We offer customized auto insurance coverage that is unique to your needs.                        

How commercial insurance benefits my small business

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In Utah, more than 99% of all businesses are defined as small businesses. Almost 50% of employees work for small businesses. As a small business owner, you know what it takes to make a success of your business and all the risks you face. Mitigating those risks is what Maple Mountain Insurance Services in Mapleton, UT specializes in. We will help you to customize your commercial insurance policy to fit your needs. We are the local experts on all insurance products and we are happy to provide our customers with the benefit of our experience. 

In the event a covered peril hits your business, having commercial insurance will be a tremendous benefit. Commercial property insurance will help you to get your building repaired. It not only covers repairs to the physical building but it will help you get back to business with the equipment you need to conduct your business. If your machinery is destroyed or damaged, if you lose your office equipment, if your inventory and raw materials are damaged commercial property insurance will help to replace them and get you back into a position where you can get back to work. 

While your business is not functioning, commercial business interruption insurance will help to keep you afloat. It allows you to meet your operating expenses that don’t go away just because you can’t do business. It will help pay your bills, your employee’s salaries, and even your salary. 

If someone is injured while visiting your business, by a product you produce or a service you perform, they may sue you. Commercial liability coverage will help you with legal costs as well as a judgment against you. 

Small businesses face many risks. Commercial insurance can make the difference between being able to continue and having to close. Contact Maple Mountain Insurance Services in Mapleton, UT for all your insurance needs.

Should I get health insurance when I am in Mapleton?

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People that live in the Mapleton, UT area have a lot of insurance needs, which are designed to provide important forms of protection. One of the most important forms of insurance that someone here could get is health insurance. When you are going to get health insurance, you can benefit in several ways, which will continue to make it an ideal investment and option for you.

Insurance Gives Coverage for Major Medical

A key reason anyone in Utah should get health coverage is that they will receive protection against major medical events. If you are ever seriously hurt or injured, the costs associated with it can be significant. Fortunately, you will be able to offset this risk if you invest in health insurance. With health coverage, your out of pocket costs will be limited to a certain level each year, which could cut down on your personal charges. 

Insurance is a Legal Obligation

While it was not always the case in the past, people all over the country today are obligated to carry health insurance. When submitting your taxes at the end of each year, you will be required to provide proof that you had and maintained coverage for the entire year. If not, there are penalties that could be applied. 

When you are shopping for your next health insurance policy and are in or around Mapleton, UT, it could be helpful to contact Maple Mountain Insurance Services. When you are working with Maple Mountain Insurance Services you are going to learn a lot about how health insurance can benefit you. The insurance professionals here can help you then build a plan that will give the right protection to you and anyone else that you want to be covered and protected under it. 

How Does Renters’ Insurance Work?

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If you rent your home, it’s vital that you have renters’ insurance for your own protection. Many landlords require you to have this to rent the home, but even when they don’t require it, it’s important coverage to have. If you need renters’ insurance, call us at Maple Mountain Insurance Services in Mapleton, UT. 

Covering Your Belongings

When you get renters’ insurance, the main coverage you get from the policy is for all of your belongings that are kept there. The insurance doesn’t cover the dwelling itself, as your landlord is supposed to have that insurance coverage. It’s best to document the possessions that you have for insurance purposes. Take photos of each room so that you can prove to your insurance carrier what you owned and kept in your residence. 

Liability Coverage

The other main coverage that these policies offer is liability insurance. It can pay medical bills for an accident or similar incident that happens to a third party in your rented home. Depending on your contract, it may cover other incidents as well. Make sure that you know which coverage you have and what would be covered by the liability coverage. 

Loss of Housing

Another important coverage is the loss of a habitable home. If your rented home were to be rendered uninhabitable, the insurance would pay for your living expenses as you move elsewhere. There are many instances that can render a home in this condition, and having this coverage in place can save you from going without a home if the worst were to happen.

Get Your Renters’ Insurance

If you rent your home and aren’t insured, call us at Maple Mountain Insurance Services in Mapleton, UT to talk with an agent about this coverage. 

When is it a good idea to get boat insurance?

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The Mapleton, UT area offers a lot of local amenities to residents, including access to local lakes and places to use a boat. If you would like to enjoy the warm weather in the area as much as possible, investing in a boat is a great option. If you are going to purchase a boat, there are also several situations when it is a good idea to get boat insurance. 

When Taking Out a Loan

One situation when it can be a good idea to get a boat insurance policy is when you are going to take out a loan. The cost of a boat can be quite expensive. Due to this, it often makes sense for someone to finance their boat with the use of a loan. If you are going to take out a loan, you will have boat insurance requirements that need to be met. Lenders have these specific insurance requirements as it can protect their collateral.

When Trying to Protect Asset

If you purchase a boat, you are going to be making a major investment and purchase. When you do decide to purchase a boat, you will want to protect it as well as you can. The best way to do this is with a boat insurance policy. When you have this insurance coverage, it will give the protection you need to repair or replace your boat. 

There are many situations when having a boat insurance policy will be a good idea. If you are going to purchase a boat and are looking for a boat insurance policy, you should call Maple Mountain Insurance Services. For those that are in the Mapleton, UT area, Maple Mountain Insurance Services can provide you with all of the guidance that is needed to pick a quality policy. 

How much auto insurance should you buy in Mapleton, UT

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Do I have enough coverage? This is a common question for many Mapleton, UT drivers because people tend to focus on health and life insurance that they forget entirely that hey need adequate coverage for their car. So how do you ensure that you have enough auto insurance? Maple Mountain Insurance Services will answer key questions to help you understand your coverages better.

How are you using the car?

How you intend to use the car heavily determines whether you will need more auto insurance, or you will need to incorporate other policies such as commercial and umbrella insurance.  If you are using the car for your daily activities like going to work, then you want to make sure that all your coverages such as liability, comprehensive, collision, and personal injury protection are all adequate.

Which coverages matter to you the most?

Insurance experts in Mapleton, UT typically advise policyholders to buy enough of the essential coverages such as bodily injury liability and property damage liability. In simple terms, liability coverage is a necessary coverage for any car owner—other coverages critical to consider include; medical coverage, comprehensive and collision coverages. If you are not sure, you can always talk to your insurance provider to help you separate the important ones from other basic coverages.

What are your premiums and coverage limits?

A premium is the amount of money you pay for your coverage. You can pay your premiums monthly, quarterly, semi-annually, or annually, depending on the agreement of your insurer. Car insurance premiums vary from one driver to another as there are factors insurers use to calculate. Such factors include your driving record, your location, the model of the car, and age. The coverage limit, on the other hand, is the maximum amount you will pay and be compensated in case of an accident.

Want to get the best out of your auto insurance? Maple Mountain Insurance Services has the answers you need. Feel free to reach us up through our website.

Who needs umbrella insurance in Mapleton?

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People that live in the Mapleton, UT area will end up having a lot of important insurance decisions to make. One decision that you will have to make is whether or not you should get umbrella insurance, which is a personal liability insurance plan. There are several situations when someone will need to get umbrella coverage to take advantage of the protection it provides. 

Anyone that Wants Coverage for Unexpected Situations

The first situation when someone will need to have umbrella insurance is when they want to have coverage for unexpected situations. There are always going to be risks that you could cause some form of accident or be liable for the losses of another person. While some of these can be insured against with auto and home policies, predicting everything that can happen is impossible. Due to this, getting umbrella insurance is a good idea as it can give you coverage for situations that seem unpredictable.

When Wanting More Coverage

Another situation when someone will need umbrella insurance is when they want more coverage. Your home and auto policies will each come with policy limits. If you are at fault for an accident that goes above these limits, you will need to come out of pocket to pay for damages if you do not have additional coverage. Your umbrella insurance can give you the coverage you need if you do exhaust your base policy coverage.

Anyone that is looking for an umbrella insurance policy in the Mapleton, UT area should consider calling Maple Mountain Insurance Services to discuss their needs. Picking umbrella coverage is complicated and requires a lot of thought and consideration. The team at Maple Mountain Insurance Services can make this easier for you as they will help you to pick and choose a quality policy. 

Who should get an auto insurance policy?

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Those that move to the Mapleton UT area are going to have a variety of important insurance obligations. Anyone that owns a car here in this area should make sure that they also get an auto insurance policy. There are several situations in particular that someone here will want to get an auto insurance policy for their vehicle.

When Taking out an Auto Loan

If you are going to get an RV, there is a good chance that you will work with a bank to take out a loan. When negotiating a loan, you will find that there are some specific insurance requirements. If you do take out a loan to buy the car, it is important that you comply with the insurance requirements. Most auto lenders will require that you have a full auto policy that properly protects their collateral. 

When Driving on a Public Road

You also will want to have auto insurance when you intend to drive on a public road. To comply with legal requirements, you will need to have liability auto insurance when you are driving on a public road. If you do not have this insurance and are caught without it, you could face penalization and may even lose your right to drive. 

When you are looking for an auto insurance policy in the Mapleton, UT area, you should speak with the team at Maple Mountain Insurance Services. When you call the team at Maple Mountain Insurance Services, you are going to learn a lot more about the needs and options that you have. These insurance professionals are aware of the risks that car owners have. They can also any of your questions to ensure you are able to select a policy that is ideal for your situation. 

Things To Know Before Buying Flood Insurance

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According to the statistics published in the Environmental Research Letter, approximately 41 million Americans live in flood zones. Therefore, having flood insurance is important – it protects a property, house, and all the belongings. However, before purchasing flood insurance, there are certain things you should know: 

  • Waiting period.  There is a 30-day waiting period after the purchase of insurance before it kicks in. Therefore, it is not recommended to wait until the storm season comes. You should purchase it as soon as possible, primarily if you are located in a flood-prone zone. 
  • Standard home insurance does not cover damages caused by floods.  Many homeowners decide to skip flood insurance because they believe that their homeowners’ insurance covers damages caused by water. Unfortunately, it is not valid. A standard home insurance policy might cover damages from a busted pipe, but it will not cover water coming from outside into a house. 
  • Businesses need flood insurance too.  If you run a business, you may have expensive and valuable technology, equipment, and furniture. Therefore, it is recommended for all business owners to have commercial flood insurance too. 
  • There are two ways to get flood insurance.  You can either find a flood insurance policy with the help of one of the insurance companies or purchase it through the National Flood Insurance Program (NFIP). 

If you are a resident of Mapleton, UT, you may think that you do not need flood insurance. However,  the statistics say that between 40 and 100 floods are occurring in the Utah area every year. If you decide to get this type of insurance to protect your property and belongings, Maple Mountain Insurance Services is ready to help. Maple Mountain Insurance Services is an independent insurance agency dedicated to treating its customers in the most professional manner. Do not hesitate to contact our office to find out about affordable and reliable insurance coverage available.