Man’s Best Friend

Have you noticed that one of the questions on our homeowners application is if there is a dog in your home? Have you ever wondered why? Some insurance companies are particular about covering certain dog breeds. In fact, there is a list of 11 types of dogs, or mix of these breeds, that insurance companies commonly consider a risk to cover. On the list are: Pit Bulls and Staffordshire Terriers, Doberman Pinschers, Rottweilers, German Shepherds, Chows, Great Danes, Presa Canarios, Akitas, Alaskan Malamutes, Siberian Huskies and Wolf-hybrids.

Because St. Joseph Agency represents seven carriers for homeowners insurance, we can place your home with a company that protects you and your pet.

In some situations, an umbrella policy may offer better protection if you own certain dog breeds. Umbrella insurance covers dog bites under most circumstances. So, if your dog bites your neighbor and he or she decides to seek legal recourse, your umbrella policy can also cover you.

Be sure to let us know when you bring a new pet into your home so that we can place you with the best possible coverage for you and your pet.

What’s the difference between Whole Life and Universal Life?

Whole Life and Universal Life can be made to operate with exactly the same result or with much different outcomes.  Whole Life is a fixed product with fixed assumptions.  It operates in the insurance realm much like a fixed-interest mortgage operates in real estate.  You know the premium—and as long as the premium is paid as due, you also know the exact outcome, (death benefit, cash values, loan values) for the policy at any time in the future.  Universal Life can operate in the same way, but also gives you the ability to ‘not pay’ or to ‘pay less’ than billed.  Sure, that affects the accumulation and you may be hurting the reason you purchased the policy in the first place, but it sure gives you a bunch more flexibility in times when it may be difficult to make that ‘fixed’ payment.  Universal Life will stay in force so long as there is a minimal amount of equity left in the accumulation account.