Do Health Insurance Policies Cover Maternity Care?

Health insurance is an important part of your overall financial plan. For some, policies that provide coverage for maternity care is also significant. The reality is that since the implementation of the Affordable Care Act, most health insurance policies do include coverage for maternity care. The amounts and types of coverage may differ from policy to policy, however. This is when it is important to contact the agents at Farrell Insurance Associate, Inc. We have been assisting residents in the Lansdale, PA area since 1996. We understand the concerns that you may have and will answer any questions that arise. 

Companies with 15 or more employees are required by law to provide health insurance policies that include some maternity coverage under the Pregnancy Discrimination Act of 1978. If you are employed by a smaller company, you may want to acquire your own health care coverage. Also, even if your company offers a large group plan, you may want to have that policy reviewed to ensure that you have an adequate amount of health care coverage, especially if you anticipate becoming pregnant. By proactively reviewing your coverage options now, you can be assured that you are covered.

The team at Farrell Insurance Associates, Inc. understands that you may have some concerns about your current coverage, especially if you are considering starting a family. In the Lansdale, PA area, they help customers understand their health care coverage options and explain any unfamiliar terminology. We are your community partners to ensure that you and your family are protected. We work hard to ensure that you receive the best health care coverage available for your situation for the best possible price. Your health is important. Call today and get the coverage that you and your family deserve.


Is Life Insurance Required by Law?

Life insurance is something that everyone has heard of but that many people do not fully understand. Life insurance can be a massive help to those that have just lost a loved one and having the right policy in place can make a huge difference in how easy it is for loved ones to handle an estate after your passing. Life insurance is something that is completely at the discretion of the person taking out the policy, and it is never required by law. For those in the Lansdale, PA area, the agents with Farrell Insurance Associate, Inc. can help you choose the policy that is right for you.

Why isn’t life insurance required by law?

For starters, life insurance is not something that all people even qualify for. In some cases, illness, age, and other factors make it next to impossible to get a life insurance policy which means that it is simply not possible for the government to require that people hold policies if not everyone can even qualify for a policy in the first place. Life insurance is something that anyone that takes out a policy can benefit from directly, and their families can benefit from after their passing.

You should take the time to think about what types of coverage you need and what options are going to help you get the best overall policy. Not all life insurance policies are created equally and taking the time to look at what is available to you is the best way to get the coverage you need. For those that live in the Lansdale, PA area, the agents with Farrell Insurance Associate, Inc. can help you find the policy and the coverage that works best for you and your needs.

7 Tips To Protect Your Home From Storm Damage

The team at Farrell Insurance Associates, Inc. knows all too well the toll that wind, rain, and hail can take on homes and properties. As a Lansdale, PA homeowner, you want to do everything you can to protect your investment from weather elements. Consider these tips to safeguard your home against wind and storms.

  1. Fasten metal roofing and siding. When heavy gusts tear away roof panels, secure metal siding and roofing to the side of your home to prevent further damage.
  2. Inspect shingles. Your roof should be protected by a waterproof covering under the shingles. Additionally, each shingle should be held in place by at least six staples or nails placed beneath the edge of overlapping shingles. Replace missing shingles right away, so water doesn’t have a chance to get in.
  3. Secure doors and windows. Made of steel or aluminum, storm shutters can protect windows and glass doors from being shattered by flying objects during a storm. Install window well covers to avoid water accumulation. 
  4. Maintain gutters and drains. Downspouts should be three to six feet long and should drain water away from your home (and your neighbor’s, too).  Keep gutters and drains clear of debris. Have your foundation drain inspected by a licensed plumber.
  5. Chop down trees. If a tree’s distance from your home is less than its height when fully grown, it should be removed.
  6. Anchor outdoor furniture and temporary structures. Bolt down grills and patio furniture. Storage sheds and the like should be secured with ground anchors or a permanent foundation.
  7. Check the garage door. A flimsy garage door can open up your entire home to weather damage. If it’s not in optimal condition, have it repaired or replaced right away.  

Farrell Insurance Associates, Inc. is committed to providing Lansdale, PA homeowners with quality coverage and peace of mind. Give us a call or stop by our office to speak with an agent.

Workers’ Compensation Insurance- Are You Covered?

As a Lansdale, PA business owner, being sued is probably one of your worst nightmares. All responsible business owners do their best to keep employees safe on the job, but no matter how careful you are, accidents happen. When accidents happen, you’ll want to have the peace of mind to know that your business will not be in financial ruin due to bills incurred by the injured employee. It’s important that you protect your assets by making sure that workers’ compensation insurance is a part of your commercial insurance plan.

What Farrel Insurance Associates, Inc. wants you to know

There are a few different things that workers’ compensation insurance will do for your business. First, your insurance will pay the medical bills of the employee who is filing the claim. The insurance can also pay for the wages that the employee misses out on due to their injury. This is especially important if the employee ends up not being able to work for an extended period of time. Secondly, workers’ compensation insurance will allow you to comply with the law. In Pennsylvania, all businesses with one or more employees must have workers’ compensation insurance. Lastly, workers’ compensation insurance will protect your assets in the event that the injured employee sues you and/or your business. 

Most workplace injury claims cost businesses upward of $35,000. The last thing you want is to have to dip into your hard-earned cash to pay for something that happened by accident. It’s important that you protect yourself, your business, and your family from losing the income you’ve worked so hard to build. Call a qualified agent at Farrell Insurance Associates, Inc., serving Lansdale, PA, today to discuss a policy that makes sense for the needs of your business.

Your Classic Car: A Hobby and an Investment

Classic car enthusiasts put a lot of love and care into preserving these beautiful vehicles, but they also invest a fair bit of money as well. If your classic car were to become damaged or stolen, having the proper coverage in place can make a terrible situation a little more bearable. The entire team at Farrell Insurance Associate, Inc. is dedicated to making sure that our clients in the Lansdale, PA area have the comprehensive coverage that is right for their needs, especially those with expensive hobbies such as classic car collecting.

Protect Your Classic Car and Your Monetary Investment

Even if you did not refurbish or restore your classic car, it is likely that you have invested a lot of time and energy into its acquisition and upkeep. Classic cars are a fulfilling hobby and they can also represent a serious monetary investment. It is important to take the time to ensure that you have adequate coverage and protection for your classic car.

Many owners choose to keep these vehicles at a storage location away from their main domicile which may complicate coverage issues in some cases. Our agents can review your classic car policy with you to make certain that all eventualities are protected against and that you have adequate insurance in place, no matter where you choose to keep your classic car. Having adequate coverage can provide replacement parts or replace your vehicle with an agreed upon value set in place for your car.

Farrell Insurance Associate, Inc. is dedicated to serving our clients’ insurance needs in the greater Lansdale, PA area. If you own a classic car and worry that you may not currently have adequate coverage, call or stop by today for a consultation with one of our professional agents.

Renter’s Insurance and Fire Damage

Many renters in Lansdale, PA and elsewhere are unclear on exactly how they are protected by a landlord regarding their safety and property protection when the building or property they are renting is damaged, particularly by fire. According to Farrell Insurance Associate, Inc., most properties renting to tenants are required to have some kind of building insurance for the structure itself. However, this does not mean the financial protection extends to tenants’ property. As a result, while the building structure may be restored, anything inside belonging to a tenant is entirely on the tenant’s shoulders to replace.

A typical renter’s insurance policy anticipates the typical types of damage that can occur to a tenant’s property in a shared building. This can include theft, water damage, and fire damage. Because a building frequently has multiple tenants in it, each tenant is at risk to how the other behaves, which is why building fires often are the most prominent threat. And even if a given tenant’s property is not burned, the smoke from a fire and the water from the fire sprinklers or firefighters can do just as much damage as well. As a result, any tenant who has a long-term interest in a property or lease with a lot of belongings stored is well-served by a tenant policy including protection from fire and fire-related damage or loss. For those in the Lansdale, PA area, a proper tenant property casualty policy can be obtained through Farrell Insurance Associate, Inc. Our experts work with all types of renter situations and can easily craft a policy that protects a renter, his or her family, and belongings adequately.

Tips for Staying Safe When Riding Your Motorcycle on Slick or Icy Roads

At Farrell Insurance Associates, Inc. serving the greater Lansdale, PA area, we see motorcyclists filing insurance claims in the winter because the roads are icy and slick. This makes it hazardous to ride and can present riding conditions that you are not used to riding on. We want to keep all of those on the road safe. As such, we offer you three tips on ways to stay safe when riding your motorcycle on slick or icy roads. 

Make Sure Your Tires Are In Good Condition

When it is cold outside, motorcycle tires lose some of their traction. Mixing this with an icy or slick road can cause a major hazard. To minimize the risk, inspect your tires. You want to ensure your tires have a decent amount of tread and are not bald or damaged. If they are, they should be replaced to help you stay safe on the road. 

Increase Your Following Distance

Seeing ice on the road can be hard. But often times, cars will tip you off to the fact that there is ice if they slide across it. Always maintain a safe distance from cars if you suspect the conditions may be icy. You don’t want them to slide into you or you to slam on your brakes and slide into them. 

If In Doubt, Use Another Mode of Transportation

Lastly, keep in mind that riding a motorcycle on an icy road is challenging, even for experienced riders. If you doubt your ability or think the streets may be too icy, it is better to be on the side of caution and either stay home or use a different mode of transportation to get around. 

Learning how to navigate slick or icy roads on your motorcycle not only helps you to stay safe, but it also helps to keep your motorcycle insurance as low as possible. If you are looking for a new motorcycle insurance policy in the Lansdale, PA area, let Farrell Insurance Associates, Inc. help. Contact us today to get started. 

How Do I Know If I Need Flood Insurance?

The devastation of a flood can destroy your biggest assets including your home. Knowing when you need to protect your home from the effects of flooding can seem confusing when you are presented with conflicting information. The team at Farrell Insurance Associate, Inc., serving Lansdale, PA, can help you assess your property and determine your level of risk. While homeowner’s policies cover many aspects of property damage, they do not cover damages caused by flooding. 

One of the first steps that you can take is to reread the “Natural Hazards” section of your home inspection packet during the purchase. Areas that are designated “Zone A” or “Zone B” are areas that annually experience higher risks for flooding. Next, visit with the staff at Farrell Insurance Associates, Inc. With their extensive experience serving the Lansdale, PA area, they will be able to provide valuable information about whether you need the additional protection of flood insurance.

Another resource is the National Flood Insurance Program.  This FEMA program provides flood insurance for homeowners in participating communities. While not every community participates, the website has important information for homeowners about flood risk and insurance. For instance, it has been demonstrated that only 20% of flood insurance claims come from high-risk areas. 

Other sources of flood damage can come from events such as dam failures, snow melting, and heavy rains. These are emergencies that can occur even in areas with a low risk of flooding. The team at Farrell Insurance Associate, Inc. is ready to help you assess your risk level and get you the coverage you need. Visit our website and give us a call. Protect your assets with the coverage you need from Farrell Insurance Associates, Inc.

Common Health Insurance Terms

When shopping for health insurance, many people do not fully understand all of the terminologies. There is a big issue with this because it can cause you to choose the wrong plan for you, cost you a lot more money in the long run, and more. To better understand health insurance terms, so you know exactly what you are getting, use these definitions from Farrell Insurance Associate, Inc. serving Lansdale, PA.

  • Premium – The premium is the amount that you will have to pay every month for your insurance policy. This is usually the number that people look at first but it does not tell the whole story, and you should not use it on its own to make any decisions.
  • Deductible – The deductible is the amount that you will have to pay for your health services out of pocket before your health insurance kicks in. For example, if you have a $1,000 deductible but your service cost is $400, you will pay the $400 and your insurance will not assist. You will want to choose a policy with a deductible that you can pay for out of pocket based on your income.
  • Co-Pay – Co-pays are the amount that you will pay to see your doctor. This amount may or may not be included in your deductible equations. Additionally, the amount you pay for your co-pay is determined by your insurance. Before you purchase any policies, you will want to see what the co-pays are for specific services to ensure you can afford them.

Now that you know what specific terms within health insurance policies mean, you can better choose the best option for you and your family. For more information about health insurance policies or to find one right for your budget and needs, be sure to contact Farrell Insurance Associate Inc. serving Lansdale, PA today.

How Life Insurance Premiums are Determined

You may not realize that your life insurance premiums in the Lansdale, PA area are based on several factors. As you may imagine, part of your score is based on your health status, but did you also know that your age, gender, height/weight, lifestyle choices (drug or alcohol use), family health history, driving record, mental health, and credit history also factor into the equation? 

When applying for life insurance, be prepared to answer questions in these areas of your life. The idea behind the life insurance score is to place you in a classification that is used to predict the likelihood of you filing a claim. These categories were determined by gathering data from claims submitted. Here are the top classifications as examples:

  • Preferred Select – the person has excellent health, average height and weight, no tobacco use in 3-5 years, risky lifestyle choices, no family health risks like heart disease, no mental illness, a high credit score, and have no more than 2 moving violations in 3 years.
  • Preferred – the person has the same things as the preferred select, but they may have a couple of minor issues like a slightly elevated cholesterol level, arthritis, or asthma, and their credit score may be lower.

The increased number of areas the individual has issues in, the lower the classification. The lower the classification goes and the higher the life insurance premium goes. Keep in mind that you can make changes to your health, credit, driving record, and lifestyle choices and you should have your life insurance premiums evaluated periodically.

Farrell Insurance Associates, Inc.

Farrell Insurance Associates, Inc. provides coverage across the Lansdale, PA area. Figuring out life insurance premiums can be complicated, so contact a Farrell Insurance Associates, Inc. agent to help you find the life insurance that fit your needs.