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EverGreen Insurance Agency - Peter Schmidt

690 Route 211 E
Middletown, NY 10941

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What are the benefits of having a life insurance plan?

If you are in the Middletown, NY area, you will probably have many personal insurance needs. While you will want to know that you have appropriate coverage for your assets and to reduce your liability risks, you also should get a life insurance policy. There are multiple advantages that come when you do have a proper life insurance plan in place. 

Benefits of Having Life Insurance 

Benefit from Financial Advantages

While life insurance coverage is typically the largest benefit of getting this coverage, you can also use it to further your personal financial plan. A whole life insurance policy will provide a long-term benefit as some of the money paid each month will build into an account. Eventually, you are able to close this out and collect the built-up capital. It can also be used to collateralize a loan. Ultimately, it is a great way to conservatively build equity. 

Provide Financial Support

A primary reason that people will get a life insurance plan is so they can offer financial support to their dependents. If you have this type of coverage, you can ensure your dependents have the financial resources they need if you were to pass away unexpectedly. This coverage is also a good idea even if you do not have dependents as it can ensure any of your end-of-life expenses are covered. When getting a term life plan, you are able to build a policy that meets your specific needs. 

Contact Us Today

Those that live in the Middletown, NY area need to ensure that they have a proper life insurance policy. When you are looking to get this insurance, calling the team with the EverGreen Insurance Agency is a great option. The professionals with the EverGreen Insurance Agency know the importance of this coverage and they will offer any guidance that you need to build your next plan. 

How do motor homes and RVs differ when it comes to insurance needs?

EverGreen Insurance Agency is here to help the residents of Middletown, NY with all of their insurance needs. If you aren’t sure exactly what type of insurance you need to protect your RV or motor home, give us a call today!

The differences between RVs and motor homes when it comes to insurance

To determine what type of policy you need when it comes to insuring your RV, camper, or motor home, you’ll need to know the vehicle’s classification. The main difference between the insurance policies available for these types of vehicles and cars is the protection for the owner’s contents that are contained in the vehicle.

There are three classes of vehicles that are referred to as Class A, Class B, and Class C. The features of the vehicle determine its classification. Fortunately, the classifications are pretty straightforward and it’s not difficult to determine into which class your vehicle falls.  For example, an RV will likely require Class A insurance while a motorhome may fall into Class B or Class C. 

Knowing the classification of your vehicle is necessary to obtain the right protection and coverage. And once you know the class of insurance that you need, finding the right policy is a straightforward process. Take a look at the classifications to determine where your vehicle falls, and then select the policy that best meets your needs. Our team is here to help in any way we can during the process!

We look forward to seeing you soon!

Middletown, NY area residents can turn to the team at EverGreen Insurance Agency for all of their insurance needs. We are here to help protect your RV, motor home, or camper. Call or stop by our office today! 

Why basic auto insurance may not be the right choice for you

Finding out you have the wrong auto insurance can be a costly mistake. Usually, it becomes evident when you have an accident. Getting your policy reviewed and making sure your coverage is right is what we do at EverGreen Insurance Agency in Middletown, NY. 

Why basic auto insurance may not be the right choice for you

In New York State, basic auto insurance is a no-fault, liability, and uninsured motorist coverage.  The mandated total for no-fault is $50,000. The liability coverage must be $25,000 for physical injury (not causing a fatality), or $50,000 for any injury causing death, for a single person in an accident.  With a total of $50,000  in injury coverage (for non-life threatening injuries) for multiple persons in any one accident. The limit rises to $100,000 for the total accident if any injuries result in fatal injuries.

The minimum coverage mandated for property damage liability protection is $10,000 per accident. The mandated uninsured motorists’ protection required is the same minimum injury limits as mandated for liability insurance.   

While this may be a perfectly adequate amount of coverage for some people, it isn’t right for everyone. If you are making loan payments on your vehicle or if you lease, basic insurance won’t work for you. You also need to carry comprehensive and collision insurance to protect the vehicle. This will be required by the lessor or lender.

But for many people, having a vehicle is a necessity. Getting to work daily and performing all the tasks of daily life would be very difficult without a vehicle. Paying for the repairs that might result from an accident can be a hardship. Without additional coverage beyond basic, the repairs would be your responsibility. It is easier to have full coverage and be able to replace or repair your vehicle with insurance. 

Get Auto Insurance Today

Contact EverGreen Insurance Agency in Middletown, NY when you are ready to discuss the right kind of auto insurance coverage for your vehicle. 

Life Insurance Is Important For All Ages.

Life insurance is likely the last thing on your mind as you through your day-to-day life, especially if you do not have any children or dependents. However, it may be something you want to consider no matter the path you are currently on. At EverGreen Insurance Agency we provide life insurance to people of all ages in the Middletown, NY region. 

Reasons To Consider Life Insurance Even If You Do Not Have Dependents

  • You can purchase coverage just for your funeral expenses, so you do not leave the burden of cost on your loved ones. Many people see life insurance as this huge policy. However, it can be catered to individual needs. 
  • In many cases, if you get life insurance when you are young and healthy you will pay less each month even as you age. This can add up significantly over the years. Long-term life insurance offers many benefits that people who purchase their first policy later miss out on. 
  • Even if you do not have children life insurance is needed if you have a spouse, even if your spouse may make more than you. If you sign for a mortgage or share bills together it makes sense to leave them with some support. 
  • Some policies have "living benefits" that allow the policyholder to cash out some of the money they paid into their policy at certain points. The earlier you purchase this policy the better for this purpose. Be sure to ask about this benefit. 

Give Us A Call

Contact us at EverGreen Insurance Agency if you have any questions about purchasing an insurance policy at any stage in your life. We serve the Middletown, NY area and look forward to hearing from you. 

Will my homeowners insurance pay for the repair of my foundation?

Homeowners insurance provides financial coverage for the repair and replacement of your home. However, a homeowners policy has firm guidelines regarding what’s covered. A typical policy provides coverage for damage caused by natural disasters like fire, hail, wind, lightning, and other forms of severe weather. A homeowners policy provides coverage for other forms of damage as well.

Our agents at the EverGreen Insurance Agency want our Middletown, NY customers to understand what’s covered by a standard homeowners insurance policy. 

What’s Covered?

A homeowners’ policy covers the repair or replacement of the exterior and interior of your home. It also covers the structures on your property and your personal belongings. The cash value to repair or replace your home or belongings is also covered. You also receive liability coverage as part of a standard homeowners policy. The liability coverage includes injury to others while on your property and damage to someone else’s property. 

Will My Homeowners Insurance Policy Cover the Repair of My Foundation?

A standard homeowners insurance policy will not cover all damage to your home’s foundation. For example, any damage that occurs under your foundation’s slab isn’t covered. Regular wear and tear on your foundation, and damage that comes from negligence, aren’t covered under your homeowners’ policy either. However, your policy will cover the repair of your damaged foundation above the slab. Any damage caused by vandalism, water, and fire is covered under a standard policy.

Give Us A Call

If you’re a Middletown, NY homeowner and you have questions about homeowners insurance, we can answer your questions. One of our agents would be happy to help you get the coverage you need. Contact us today.

What Your Comprehensive Insurance Policy Covers

EverGreen Insurance Agency has helped many Middletown, NY residents get the high-quality car insurance that they need. For example, we have provided comprehensive insurance policies to many customers over the years. What exactly do these policies cover? Here’s what you need to know.

Comprehensive Covers Many Factors

Comprehensive insurance is a policy type that covers non-collision-related damage to your vehicle. You typically don’t need liability insurance to meet your state’s policy requirements. However, getting this protection can help you keep your vehicle strong and avoid long-term complications.

For example, comprehensive policies can cover a broad range of unique problems that are not your fault or triggered by anything you did. For a small price, you can typically add comprehensive coverage to your vehicle and pick various policy types. These options include:

  • Theft: Protect your vehicle if it gets stolen or broken into by a thief.
  • Natural Disasters: Get protection if earthquakes, tornadoes, hail, and other disasters strike you.
  • Vandalism: If somebody purposefully vandalizes your car, this protection can help.
  • Fire: Get protected from garage, engine, or accident fires to your vehicle.
  • Animal Damage: Buy this policy to protect yourself from animal-related issues.
  • Some Negligence: Slight negligence may get covered by this policy.
  • Civil Disturbance: If a riot or other disturbance damages your car, you can get this protection.

Talk with your insurance provider about each of these options to find one that works for you. Make sure that they’re willing to add additional elements to your policy to protect you.

Get Coverage You Can Trust

If you want high-quality comprehensive insurance for your vehicle, call us at EverGreen Insurance Agency to learn more. We serve the greater Middletown, NY area and are proud to provide great coverage at affordable rates. Talk to us today to learn more about how we can help you.

Critical Life Events That Require You to Re-Evaluate Your Life Insurance

Certain life events can have a significant impact on your life insurance needs. If any of these happen to you in Middletown, NY and surrounding areas, it’s essential to sit down with your agent at EverGreen Insurance Agency and re-evaluate your coverage. 

Critical Life Events Impacting Your Life Insurance 

1. Getting married

When you tie the knot, your financial situation changes drastically. You now have another person to think about financially, and you may also combine your incomes and debts. This all influences how much life insurance you need.

2. Having a baby

Becoming a parent is a tremendous responsibility, both emotionally and financially. If you’re the family’s breadwinner, your death would have a significant financial impact on your spouse and child. As a result, you may need to increase your life insurance coverage. Your EverGreen Insurance Agency representative can help you determine the right amount of coverage for your family.

3. Buying a home

A mortgage is probably the most significant debt you’ll ever take on, so it’s essential to have adequate life insurance in place if something happens to you and your family can’t keep up with the payments.

4. Sending a child to college

College is a major expense, and if something happens to you before your child graduates, you want to make sure there’s enough money to cover the cost. Life insurance can help make that happen.

5. Starting a business

If you’re self-employed or own a small business, your family would be financially impacted if you were to die. That’s why it’s crucial to have life insurance to protect them.

6. Getting divorced

If you’re going through a divorce, you may need to adjust your life insurance coverage. For example, if you have a joint policy with your ex-spouse, you’ll want to change the beneficiaries to avoid any confusion down the road.

These are just a few life events that can impact your life insurance needs. If any of these happen to you, sit down with your EverGreen Insurance Agency and re-evaluate your coverage in Middletown, NY.

Who needs to have home insurance in New York?

Those that are going to move to the Middletown, NY area will have various housing options to consider. When you are looking for a home, owning real estate can be a great long-term option. There are various benefits that come with owning a home, but some risks as well. A great way that you can mitigate some of these risks is by getting a home insurance plan. There are various situations when someone will need to have this coverage here. 

Who needs to have home insurance in New York?

Those Who Want to Cover Home

One situation in which you will want to have a proper home insurance plan is when you want to cover your home. Your New York home is likely going to be the most significant asset that you will ever own and protecting it is very important. When you have a home insurance plan, it will ensure you have the capacity to repair your property if it is damaged. 

Comply with Agreements

You also may want to have a home insurance plan to comply with agreements. Many people that purchase homes in this part of New York will finance it with a mortgage. If you do take out a loan, you will want to comply with the insurance provisions. In many cases, you will need to have a home insurance plan approved by your lender and payments may be escrowed. 

Those that are in the Middletown, NY area will always want to know that they have the right insurance in place for their homes. As you are looking for a proper insurance plan here, it can be a great option to start your search by calling the EverGreen Insurance Agency. The professionals with the EverGreen Insurance Agency understand the value of this insurance coverage and can ensure your home remains appropriately covered as they will help you build an ideal insurance plan. 

Insuring teenage drivers in NY

EverGreen Insurance Agency wants to help families in the Middletown, NY area protect their teenage drivers. Learning to drive is a wonderful rite of passage, but it is not without its risks. If it’s time for your teenager to get out on the road, give us a call to discuss your insurance options.

Insuring your teenage driver

Learning how to drive is an important skill. And, for many teenagers, it is their first real taste of freedom and responsibility. If someone in your family has just started to drive, you may be wondering how this additional driver may affect your insurance needs.

Teenagers are typically more likely to be involved in fender benders and other minor damage-causing incidents. Because of this, some families opt to insure the younger family members on a different policy. Every situation is different, and for your family, it may make more sense to have one auto insurance policy for all drivers.

It makes sense to take the time to determine which path is right for your family and your specific coverage needs. Working with a local agent who takes the time to fully understand your family’s situation is one way to make your decision. Having a number of different options available will help you choose the policy that is most suitable for your needs.

Find out more about insurance for your teenager today!

If you are a parent of a new teenage driver in the Middletown, NY area, turn to EverGreen Insurance Agency for all of your family’s auto insurance needs. We are here to help! Give us a call today and find out more about the auto insurance options available in our area.

What Type of Life Insurance Do I Need?

When it comes to life insurance, there are a number of options. Let’s explore each below so that you can make an informed decision. 

Term Life Insurance

Term life insurance is valid for a specific period of time and is usually sold in lengths of one, five, 10, 15, 20, 25 or 30 years. Coverage amounts can be purchased in a variety of allotments but can stretch well into the millions. One pro of term life insurance is that it is generally the cheapest premium; however, if you live beyond the term then your beneficiaries won’t receive the payout.

Whole Life Insurance

As the name implies, whole life insurance lasts until you die as long as the policy continues to be paid. Think of whole life insurance as a "set it and forget it" policy.

Universal Life Insurance

With this type of policy, the death benefit is guaranteed and your premiums stay the same forever. Since there is no cash value, it is cheaper than whole life and the benefit is guaranteed at the age you choose.

Indexed Universal Life Insurance

With this policy, the cash value is linked to the success of the stock market with the gains determined by a formula that is specifically outlined in the documentation. With indexed universal life insurance, you can access the cash value at any time and it could see significant gains if the stock market does too. 

With so many options for life insurance, it can be a bit overwhelming to choose a policy. Luckily, the team at EverGreen Insurance Agency in Middletown, NY is ready to help.