STEVE PETERSEN
ILLINOIS INSURANCE SERVICES

WHY BUY CAR INSURANCE?

In the State of Illinois, it is illegal to drive an uninsured motor vehicle. Auto insurance also helps protects automobile owners from unexpected and sometimes even devastating scenarios. As an insured driver, your policy can cover medical bill assistance, car and other property repairs, some legal defense costs and more.

WHAT TYPE OF ILLINOIS INSURANCE COVERAGE DO YOU NEED?

Your coverage should be tailored to your vehicle and driving habits. Illinois Insurance regulations require certain minimums, but if you have a loan on your vehicle, your bank will require more.

HELP ON THE ROAD

As your Illinois insurance agent, Steve Petersen can give you advise on important coverage decisions or answer any questions you may have. Steve is always here to help simplify your insurance experience. Steve will help you:

• Find available auto discounts
• Adjust your coverage, at your request, as your life changes
• Guide you through the auto claims process

Standard homeowners insurance policies will typically help pay to repair damage caused by certain risks, or perils, including:

• Theft
• Fire and smoke
• Windstorm or hail
• Falling objects
• Frozen plumbing
• Water damage from plumbing, water heater, heating or cooling system or appliance

A great agent like Steve Petersen can:

• Explain your home insurance coverage options
• Find discounts to save on your home insurance premium
• Help you understand the home claims process

Dwelling protection: Covers your rental property and the structures attached to it, like a deck, if something should happen to them.

Other structures protection: Covers garages, sheds and other buildings that are separate from your rental property.

Liability coverage: Covers you if you’re sued after an accident, damage or loss related to your property. For example, you might have a lawsuit on your hands if your tenant injures himself on broken stairs in your rental.

Fair rental income coverage:
Helps pay the rental income you would otherwise lose if your rental becomes uninhabitable due to a covered loss and your tenants have to move out. You can keep the money coming in for up to 12 months while the unit is being repaired or rebuilt.

Premises medical protection: This type of coverage can help pay for reasonable and necessary medical expenses if someone is injured in an accident on your rental property.

Vandalism coverage: If your rental is vandalized, this add-on can help cover the cost to repair or replace what was damaged. It also provides coverage for belongings used for the rental property.

Burglary coverage: In the event of a burglary, adding burglary coverage to your landlord insurance policy could help pay for the repairs or replacements your dwelling needs. It covers belongings used for your rental property as well.

Rental property under construction: If you’re renovating a rental property or building a new construction, this additional coverage could help cover the dwelling before it’s ready for occupancy.

Building code: When you’re fixing things up after a covered loss, adding building code coverage to your landlord policy could help cover the increased cost of enforcing any building codes, ordinances or laws regulating the construction, reconstruction, maintenance, repair or demolition of your dwelling.

Life insurance can help you:

• Establish yourself financially
• Maintain coverage and lower rates even if you change jobs or lose employer coverage
• Protect co-signers or family from student debt should anything happen to you
• Ensure the people you love most are protected

Life insurance can help you:

• Provide income to handle expenses if something happens to you
• Help make sure your family can stay in your home
• Cover college expenses or pay off education debts
• Leave money for your family – free from federal income tax

Life insurance can help you:

• Pay final expenses. Your loved ones may use the death benefit to help pay for final expenses, such as estate administration and burial costs.
• Provide emergency funds. Borrowing or withdrawing from a life insurance policy that carries a cash value may be able to provide some funds when you need it. Such as, if you don’t want to redeem investments during a volatile market.
• Help replace retirement income. For couples relying on Social Security or a pension, life insurance can help replace that income if you pass away.
• Help offset unexpected medical costs. If you are diagnosed with a terminal illness, life insurance can help offset medical expenses.

A motorcycle policy can help you protect your bike or scooter with:

Liability coverage: Required in most states, liability coverage may help pay for another person’s medical bills or property repairs if you cause an accident while on your scooter or motorcycle.

Collision coverage: This coverage may help pay to repair or replace your motorcycle or scooter if it is damaged in a collision with another vehicle or object.

Comprehensive coverage: If your motorcycle or scooter incurs damage due to incidents such as fire, theft or vandalism, comprehensive coverage may help pay for repairs or replacement.

Uninsured/Underinsured Motorist Coverage: If your bike or scooter is hit by a driver who doesn’t have insurance or enough coverage to pay for repairs to your bike, uninsured and underinsured motorist coverage may help pay the related repair costs.