Need Insurance in Dover, DE?

 

About to buy a new home? Looking for better auto insurance? Worried about protecting your family, pets, and belongings? Or just want to compare rates with your current insurance? We’ve got you covered.

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Home Insurance
Renters Insurance
Condo Insurance
Umbrella Insurance
Flood Insurance
Motorcycle Insurance
Boat Insurance
RV Insurance
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Top 5 things most people don’t know about Dover, Delaware
Get to Know the Dover Neighborhood

If you’re moving to Dover, Delaware it’s important to make sure your insurance coverage is in place. The insurance laws in Dover may be different than where you’re living now, but don’t worry! Our insurance agents are some of the most experienced experts in the business, and we can help you reestablish any policy you may need.

If you already have insurance and you’re just looking for lower premiums, you can easily make changes to your insurance policy. If you do not have insurance, here are some important tips on various policies for residents of Dover.

 

Dover Auto Insurance

Safeguarding your vehicle and your wallet

As Delaware’s capital city, Dover sees significant traffic from commuters, state employees, and visitors to attractions like Dover Air Force Base and the Dover Motor Speedway. With this volume of vehicles on the road, accidents are an unfortunate reality. A single collision can result in repair bills, medical expenses, and legal fees that quickly add up to devastating amounts. Smart Dover drivers protect themselves with comprehensive auto insurance coverage.

Auto insurance transfers the financial risk of vehicle ownership from you to an insurance company. When accidents occur, your policy kicks in to cover costs that would otherwise come directly from your pocket. While specific coverage options vary by provider, most auto insurance policies include these essential components:

– Bodily Injury Liability handles medical costs, rehabilitation, and lost wages when you’re responsible for injuring others in an accident. Coverage limits typically range from $25,000 to $100,000 per person, with higher limits available for those seeking greater protection.

– Property Damage Liability covers repairs or replacement when you damage another person’s vehicle, home, fence, or other property during an accident you caused.

– Collision Coverage pays for repairs to your own vehicle after an accident, whether you hit another car, a tree, or a guardrail. This coverage applies regardless of who was at fault.

– Comprehensive Coverage protects against non-collision incidents including theft, vandalism, weather damage, fire, and animal strikes. For Dover residents concerned about storm damage or vehicle theft, this coverage provides valuable peace of mind.

We can help you decide what types of coverage make sense for your needs and budget, but keep in mind that having auto insurance is the most important financial decision you can make. Even if you are only driving occasionally, you still need to protect yourself with auto insurance coverage because liability applies anytime someone else is in your car. Having this protection could save you money and lots of stress down the road.

Does Delaware require car insurance?

Delaware drivers must have liability insurance that meets the minimum limits (you can purchase more coverage if you choose) required by law to drive on our state’s public roads and highways. The minimum limits of liability insurance required under Delaware law are:

• Bodily Injury Liability – $25,000 per person and $50,000 per incident
• Property Damage Liability – $10,000 per incident

You can’t register a car in Delaware without insurance, so if you’re planning to move to Dover you’ll need to add this to your to-do list!

What is uninsured motorist coverage?

Many drivers have auto insurance to protect them from accidents that result in injuries and property damage. However, an accident may occur with a driver who doesn’t carry any insurance or whose insurance policy limits aren’t enough to cover all the damages. That’s where uninsured motorist coverage comes in.

Put simply, uninsured motorist coverage compensates you for losses resulting from an accident caused by an uninsured person. However, not everyone is automatically covered under this type of insurance, as one usually has to purchase such protection as part of their car insurance package. It becomes important especially if you’re living in an area with a high percentage of uninsured motorists on the road at any given time.

About 10% of drivers in Delaware do not carry auto insurance of any kind or have dropped their policies.

Some states may even require drivers to carry uninsured motorist insurance in order to protect their own interests when involved in an accident with a negligent or at-fault driver who does not have auto insurance or enough insurance to cover all damages that they are legally obligated to pay under the damages clause of your policy. Even though Delaware does not require uninsured motorist coverage it’s wise to have it in case this happens to you.

Uninsured motorist coverage also protects you against hit-and-run accidents where the other driver is unknown or flees the accident scene to avoid being identified later even though he/she may have been responsible for causing the accident. Uninsured motorist coverage extends itself only to those who are legally entitled to recover damages from an uninsured party, specifically your passengers whose medical costs, lost income, etc. must be covered if they sustain a physical injury as a result of an accident with another car that carries no insurance or insufficient liability insurance.

If you have purchased this coverage by availing uninsured motorist protection on your auto policy, it would work like any other insurance that pays off a loss. Payouts from uninsured motorist coverage would be in addition to any other compensation you receive because of the accident, including damages paid by the negligent driver’s insurer under your policy.

Our agents are standing by to help you find the best possible deal on auto insurance, contact us today to find out more.

 

Home Insurance in Dover

Whether you own a historic home near the Dover Green or a newer property in one of Dover’s growing neighborhoods, protecting your investment with the right insurance is essential. Muncie Insurance helps homeowners throughout Dover and surrounding zip codes of 19901, 19902, 19903, 19904, 19905, and 19906 find coverage that balances comprehensive protection with affordable premiums.

Home insurance costs depend on many factors unique to your property, from its age and construction type to its distance from the nearest fire station. Our local agents understand the Dover market and can help you navigate these variables to find the best value for your situation.

Buying a home is the biggest financial commitment many people make in their lives. Protecting that investment with insurance can be challenging, but learning more about homeowner insurance in Dover, DE will help you find what you need.

What are the different types of home insurance?

There are two main categories of insurance for your home: property insurance and liability insurance. Property insurance protects the value of your house from damage or loss due to specific events. There are several kinds of property insurance, including fire insurance, flood insurance, earthquake insurance, and windstorm insurance. Liability issues arise when someone else suffers an injury while on your property due to something you did, accidentally or not, or if there’s damage caused by your animals. Homeowner policies generally offer liability insurance as a standard feature.

This insurance usually protects your house from most natural disasters, but you might want to consult with one of our agents just to be sure. Make sure to check the details of your coverage, because there are exclusions and limitations that vary from policy to policy.

What is the best kind of homeowners insurance in Dover?

The best kind of insurance, as far as price and coverage, is insurance that has a high deductible and high limits – this way, if anything happens to your house, you’re covered for 100% of the cost up to the insurance policy’s limit.

Our insurance agents in Dover can help you understand how insurance works. Most policies come with liability protection so if somebody gets injured on your property or if somebody’s property gets damaged while on your property you will be covered. If you plan on living in your house long term it is always a good idea to get insurance. Also, if you have insurance on your car, you should definitely try to bundle it with insurance for your home as well. It can save you money and it’s a great way to protect all of your investments!

What will my home insurance cover?

Home insurance covers much more than just your home. Most policies will cover your household goods, belongings at the home office, and many other items that may not be readily obvious. Below are some common coverage areas to expect from a home insurance policy in Dover.

You can expect nearly all home insurance policies to include coverage for valuables and personal items inside the home. The exact items covered will vary from policy to policy, but things like jewelry and electronics are usually included under this section.

If you have any expensive items, you should check with your home insurance provider to ensure they are not specifically excluded from being covered in the event of a casualty loss.

Your home is likely one of your most valuable assets and it can be protected through a coverage area commonly referred to as dwelling coverage. Dwelling coverage protects things like the structure and foundation of your home, as well as the electrical and plumbing systems.

Home insurance policies will also include coverage for things like temporary living expenses should a covered loss force you to leave your home temporarily. Moving costs may also be included in some policies.

In addition to dwelling coverage, a homeowners policy offers detached structures coverage that can protect detached buildings on your property such as a shed, detached garage, workshop, or pool house. This coverage will usually be subject to a separate policy limit than your dwelling coverage so you’ll want to check the limits of your policy carefully to be sure they are sufficient for your needs.

As you can see, home insurance is much more than just protecting the home itself. Contact the Richard Rose team today to learn more about how to protect your home and everything in it.

For more information about Delaware insurance visit: https://insurance.delaware.gov/.

To speak with our experienced agents about how to find the best policy for your home, contact us today.

 

Affordable Dover Renters Insurance

Dover’s robust rental market serves everyone from Delaware State University students to military families stationed at Dover Air Force Base. If you’re among the many Dover residents who rent rather than own, understanding renters insurance is crucial for protecting your financial interests.

What protection does renters insurance provide?

Many tenants mistakenly believe their landlord’s insurance covers their belongings. In reality, landlord policies only protect the building structure, leaving your personal property completely unprotected. Renters insurance fills this critical gap at a surprisingly affordable price.

But one thing they all have in common is that renters insurance provides liability protection for your living expenses if someone gets injured or their possessions are damaged while on the premises. Typically, renters insurance also covers temporary accommodations if your apartment is deemed unlivable after some kind of disaster, such as a fire or flood.

Liability coverage protects you if someone is injured in your apartment, and their medical bills exceed the deductible on your policy (if you have one). Your renters insurance may also cover damage to another person’s property caused by you, for example, if you accidentally break a window in someone else’s house while moving out.

Even if you don’t have a hoard of expensive possessions, renters insurance may be worthwhile for you. Many renters policies cover your property even when it is stolen outside the apartment building, such as in a robbery. Others include off-premises coverage that reimburses you up to a certain dollar amount per day if your things are stolen while you are traveling.

Renters insurance policies may also include personal liability coverage, which protects you if someone is injured on your property and sues you for damages of more than the deductible. For example, if a friend trips over your child’s toy in your living room and breaks his nose, even though it wasn’t your fault, you could be sued for damages. Personal liability is often required as a condition of your lease, but you’ll want to check the small print before signing on that dotted line.

Despite the fact that renters insurance is not mandatory, many landlords require tenants to have a renters policy before signing a lease. Some landlords offer their own insurance policies for tenants at low cost or even free of charge. But these policies may have many restrictions. For example, they usually cover only the building itself, not your personal possessions.

When deciding whether to get renters insurance, consider how much coverage you want and what risks you face in your living situation.

Can roommates share renters insurance?

Many people decide to rent a place on their own, but some opt to live with roommates. So, when you have a roommate, is it possible to split the cost of renters insurance and get a cheaper rate? The answer is yes! You can save money by splitting renters insurance with your roommate(s).

A bonus to renting with roommates is sharing the rent, but if you are also splitting the renters insurance cost equally your monthly costs will go up and your policy will be covering double the belongings. Split renters insurance cost by square footage; it may be helpful to measure the square footage of your living space and divide it equally among roommates. If one roommate has a lot more square footage than another, you may want to negotiate a slightly higher rent so the roommate with more square footage pays a little bit more.

Muncie Insurance offers 100% free consultations to new renters on the ins and outs of a rental insurance policy – call us today or ask for a quote to find out more.

 

Dover Condo Insurance

Filling the coverage gap for condo owners

Condominium living offers many advantages, but it also creates unique insurance considerations. Your condo association carries a master policy that covers common areas, hallways, and the building’s exterior. However, this policy typically ends at your unit’s interior walls, leaving you responsible for everything inside.

Insurance for condo associations can be complicated, especially when it comes to insurance coverage. Condo owners are often confused about how condominium association insurance works and what kind of coverage they need, so here is an explanation of this type of insurance.

Insurance for condo associations falls under the umbrella term “HO-6 Insurance” from the Department of Housing and Urban Development (HUD). This type of insurance provides coverage for condo associations, which are legally referred to as planned communities. Insuring condominiums is different than insuring single-family homes because there are multiple owners who live in the same building or on the same property. The distinction between a single-family home and a planned community is that homeowners in a planned community share common spaces.

What will condo insurance cover that renters insurance doesn’t?

As with homeowners insurance, condo insurance comes with standard coverage and optional coverage. Standard coverage includes liability protection for bodily injury or property damage, personal belongings inside of your unit, and additional living expenses if you have to evacuate your condo. Optional coverage includes personal umbrella liability, medical payments for people who get injured, and additional living expenses if you have to leave the building due to a fire or other disaster.

Living in a condo also brings risks of higher insurance premiums than renters insurance. Let’s discuss the differences between condo insurance coverage vs. renters insurance to help you decide which to invest in.

Renters insurance is a policy that protects the owner of a rental property from financial risks associated with renting out the unit, such as damages caused by tenants and liability claims like accidents on the premises.

Condo insurance coverage also protects against financial losses but has specific differences such as protecting against damage in any of those common areas such as hallways, amenities, and landscaping. It also covers the interior of the unit against disasters such as fire and theft.

Condos normally have more people living in them, which means there is a higher risk of accidents happening within the property. Also, there are more opportunities for theft, vandalism, and other mishaps that can cause huge financial losses for you. Add this to the insurance premiums being higher than renters insurance premiums because of the higher risk, it is definitely worth the investment if you are already living in a condo.

If you would like to invest in condo insurance coverage, be sure to get quotes from one of our agents about what you should expect to pay for the condo insurance policy. Also, be sure to check if there are any discounts towards the condo insurance premium because of where or what level of coverage you choose. You also want to make sure that you are getting all the boxes checked on your part because it is not worth having a policy that does not give you the true protection that you deserve.

Make sure to do your research about condo insurance coverage vs. renters insurance to make sure you are getting the most for your money and providing yourself with the best coverage possible. Do not let bad experiences befall you because of not having a proper amount of condo insurance. Our team is standing by to answer any questions you may have and to help you find the perfect policy to protect your condo – get in touch with us here.

 

Dover Umbrella Insurance

When a serious accident results in damages exceeding your standard policy limits, who pays the difference? Without additional protection, that responsibility falls directly on you. Your home, retirement savings, and future earnings could all be at risk from a single catastrophic claim.

Umbrella insurance provides an extra layer of liability protection that extends beyond your existing auto and homeowners policies. This coverage activates when claims exceed your underlying policy limits, protecting your assets from being seized to satisfy judgments.

Many lawsuits involve injuries that exceed the limits on homeowners or auto insurance policies. Umbrella Insurance can protect you against things like wrongful injury, libel, slander, false arrest, and other claims where liability limits on standard insurance policies do not offer enough protection.

For example, if someone sues for damages because they were injured while on your property, most standard insurance policies have a limit of $100-200 thousand dollars to pay court costs and damages. Umbrella insurance would provide a higher coverage up to $5 million dollars, the typical minimum umbrella policy.

While our standard policies help us manage our day-to-day lives, umbrella insurance helps protect against major liabilities where the cost of defending yourself in a lawsuit could put personal assets at risk, such as your home or savings.

Umbrella insurance is a great way to protect you from the unexpected, so be sure to speak with one of our agents for more information about umbrella insurance and how it can complement your existing insurance policies. Don’t wait, contact Muncie Insurance today to learn more about how to protect your life savings with an umbrella policy.

 

Dover, DE Flood Insurance

One of the most common misconceptions among homeowners is that standard home insurance covers flood damage. It does not. Flood damage is specifically excluded from homeowners policies, meaning even a few inches of water in your basement could result in thousands of dollars in out-of-pocket repair costs.

For Dover residents, understanding flood risk is particularly important. As Delaware’s capital city situated in Kent County, Dover includes areas near waterways and low-lying terrain that can experience flooding during heavy storms or rapid snowmelt.

What damages will flood insurance cover?

If a flooding incident occurs on your property, flood insurance can help you recover. Flood damage repair and loss mitigation are the main services that flood insurance covers. A homeowners policy typically does not cover floods, but there are exceptions. Some homeowners do have excess flood protection added to their existing policies, which does provide coverage for flooding incidents, at least up to a certain dollar amount. After that limit is reached, any additional damage from a damaging flood would then have to be certified by an adjuster as being caused by a covered cause of loss in order to be paid under the homeowner’s policy.

According to FEMA (Federal Emergency Management Agency), here are some examples of items covered by standard homeowner’s or renter’s insurance when there is a flood loss:

– Structural damage to your home or apartment from rising water.

– Expenses to remove floodwaters from inside your property.

– Expenses necessary to repair or replace personal property appliances, furniture, and electronic equipment damaged by the flood.

– Expenses for repairs necessary to restore other living expenses, if your house must be completely repaired before you can live in it again. These costs would also include the cost of living somewhere else while work was being done if your house was not habitable.

Standard policies cover general household items, but there are limitations for high-value items such as jewelry, furs, and the like, so you may need floater insurance for these high-value items if they are irreplaceable.

As you can see, flood insurance covers many different types of damages that a home insurance policy doesn’t cover; in fact, it has the most coverage of any property insurance available in the United States today. It covers a broad range of expenses from property damage from rising water to debris removal and living expense reimbursements when your home is uninhabitable for an extended time period after a flood event.

Does it flood often in Dover, Delaware?

“There are 1,845 properties in Dover that have greater than a 26% chance of being severely affected by flooding over the next 30 years. This represents 8% of all properties in the city. In addition to damage on properties, flooding can also cut off access to utilities, emergency services, transportation, and may impact the overall economic well-being of an area. Overall, Dover has a minor risk of flooding over the next 30 years, which means flooding is likely to impact day to day life within the community.” FloodFactor.com

(https://floodfactor.com/city/dover-delaware/1021200_fsid)

For more information about the flooding zones in Dover visit: https://floodplanning.dnrec.delaware.gov/.

Muncie Insurance has deep experience in flood insurance management, contact our expert team today to learn more about how to protect your home from flood damage.

 

Dover Motorcycle Insurance

Specialized coverage for two-wheeled travel

Dover’s scenic roads and proximity to Delaware beaches make motorcycle riding a popular pastime for local residents. Whether you ride for daily transportation or weekend enjoyment, motorcycle insurance provides essential protection tailored specifically to the risks motorcyclists face.

Motorcycle policies function similarly to auto insurance but are priced to reflect the unique characteristics of two-wheeled vehicles. Because motorcycles typically cost less than cars and cause less property damage in accidents, premiums are often more affordable than you might expect.

The main difference between auto insurance and motorcycle insurance lies in their comparative cost. For example, a policy that provides a million dollars of coverage for a mid-size sedan typically costs over $700 per year. Conversely, most comparable motorcycle insurance policies only cost around $300 per year. In addition, insurance companies only require motorcycle insurance policyholders to have liability insurance protection of $10,000 – $20,000 instead of the standard $100,000 required for car insurance.

In fact, if you own both a motorcycle and a car, it is recommended that you buy two separate insurance policies. This way you can take advantage of lower premiums offered by motorcycle insurance plans without sacrificing the liability coverage required for your car insurance plan.

Motorcycle riders may need additional rider training before obtaining their license but research shows they tend to be more skilled than other drivers on the road. For example, statistics show that motorcycle riders are twice as likely as drivers to see an obstacle in time to avoid a crash. In addition, motorcycle insurance policies in Dover offer much cheaper rates than car insurance because motorcycles do less damage when they collide with other objects or vehicles.

Remember to be safe when riding:

• In 2019, motorcyclists were nearly 29 times more likely than car occupants to die in a crash, measured per vehicle miles traveled by the National Highway Traffic Safety Administration (NHTSA).
• Always wear protective gear while riding! Helmets are estimated to be 37% effective in preventing fatal injuries to motorcycle riders and 41% for motorcycle passengers. In other words, for every 100 motorcycle riders killed in crashes while not wearing a helmet, 37 of them could have been saved had all 100 worn helmets (NHTSA).

To learn more about motorcycle safety and best practices, visit https://www.nhtsa.gov/road-safety/motorcycles.

Muncie Insurance offers competitive rates and free consultation on all motorcycle policies. Contact our team for more information.

 

Dover Boat Insurance

Dover’s central Delaware location provides convenient access to the Delaware Bay, numerous rivers, and the Atlantic beaches. For Dover residents who own watercraft, proper boat insurance ensures you can enjoy time on the water without worrying about financial exposure from accidents, theft, or damage.

Marine insurance combines protection for your vessel with liability coverage for incidents that occur while boating. Like auto insurance, boat coverage shields you from potentially devastating costs when things go wrong on the water.

There are many types of policies available for insuring a boat: hull insurance, which covers damage done to the ship itself; liability insurance, which covers damage done to people or objects; and comprehensive insurance, which includes hull insurance as well as coverage for accidents that occur because of storms.

Boats are usually insured through an insurance company, just like vehicles such as cars and motorcycles. The amount you pay for boat insurance depends on whether your ship is new or old, its size and type, how close it is to a major port, and the region where you live. This means that insurance costs vary from state to state, or even country to country, but there are ways to save money on insurance premiums. Often, insurance prices depend on a person’s driving record – this means those who have been convicted of committing boating offenses in Dover can expect to pay more for boat insurance than those who have clean records. Insurance premiums may also depend on a boat owner’s age, sex, and insurance claims history. It is important to know the insurance requirements in Dover so that you can meet them if they exist.

Our agents are ready and waiting to help you build the perfect policy for your boat, get a free consultation by contacting us now.

 

Dover Recreational Vehicle (RV) Insurance

Dover’s location along major highways makes it an ideal home base for RV enthusiasts exploring the East Coast. Before you embark on your next adventure, make sure your recreational vehicle carries the specialized coverage it requires.

RV insurance addresses the dual nature of these vehicles, providing protection for both transportation and the living quarters within. Standard auto policies don’t adequately cover RVs because they fail to account for the personal property, appliances, and living amenities these vehicles contain.

RVs also hold a lot of different equipment and systems that need to be taken care of, from the kitchen stove to the water tanks. If you have an RV with a refrigerator, your insurance needs to cover replacement if it breaks down.

Recreational Vehicles also require more maintenance than a normal car because they’re larger and carry many more expensive parts inside them – this means that those who are new to operating RVs often find themselves racking up repair bills as they learn how their particular units operate and where all those little moving parts end up when not in use. Without RV insurance, these costs may leave you high and dry as the costs of repairs would likely far exceed the amount of cash you currently have on hand.

Some common RV insurance policies include:

– Accident forgiveness, which kicks in even if you’ve had an accident or two before signing up

– Roadside assistance will come and help you if your RV breaks down while traveling on the road. This may include towing or other basic services designed to get you back on the road as quickly as possible.

– Protection against all sorts of different weather conditions such as hail, wind, and snow is especially important for those who travel in areas where the climate varies widely from one season to another throughout the year.

– Replacement coverage for appliances and other parts should they fail. If your RV insurance doesn’t cover these expenses, it’s likely that there will be a deductible amount (the amount you’ll need to pay out of pocket before your RV insurer will reimburse you), meaning that the costs may be high.

Conditions can vary depending on factors such as where you live, how old your RV is, and what model it is – for example, motorhomes are generally more expensive to repair or replace if they break down but are easier to operate than RVs with larger trailers behind them.

“Can I just drop insurance anytime?” one might ask – the short answer is no, just like in most other forms of insurance there are laws that mean that in most states you cannot cancel coverage until a set period of time has passed since you bought your RV insurance policy.

There are different Recreational Vehicle insurance coverage requirements in each state, so make sure to check with your local DMV if you want to find out what’s required of you before you go on the road. Some states may also require that your insurer file proof of insurance with them for some added peace of mind.

Dover, DE Drivers License information: https://www.dmv.de.gov/.

Before you hit the road, contact the team at Muncie Insurance and let us help you keep your RV fully protected throughout your journeys.

 

Dover Life Insurance

For Dover families relying on your income, life insurance provides crucial financial protection that ensures your loved ones can maintain their standard of living even in your absence. This coverage represents one of the most important financial planning decisions you can make for your family’s future.

The importance of life insurance coverage

Consider what would happen to your family’s finances if your income suddenly stopped. Mortgage payments, utility bills, car loans, and daily expenses would continue arriving, but the funds to pay them would not. Life insurance bridges this gap by providing a lump sum payment to your beneficiaries that can replace your income and cover outstanding obligations.

Your beneficiaries can use life insurance proceeds to address numerous financial needs, including:

– Covering immediate costs like funeral expenses, medical bills, and estate settlement fees

– Eliminating debts such as mortgages, car payments, and credit card balances

– Replacing lost income to maintain household stability

– Funding future goals like children’s college education

What types of life insurance are available?

When life insurance is considered, one of the main questions that come to mind is “What type of life insurance do I need?” There are many types of policies available and it’s important to be well informed about the differences.

Life insurance may cover a wide range of needs; for instance: final expenses (burial costs or cremation fees), mortgages, children’s education plans, and disability plans.

The difference between each policy can be very small or large depending on what you are hoping to use them for. The most common ones are described below. Please note that there are also group policies that will have different coverage options than those mentioned here.

Term Life Insurance: Term life insurance is the most basic form of life insurance and covers people for a specific period of time. It’s usually much cheaper than other kinds and does not cover anything except death. Payouts from term life insurance policies are typically tax-free since it only pays out upon the insured person’s death.

Whole Life Insurance: Whole life insurance can be seen as permanent life insurance because instead of having a term period, the policy stays in effect up until the insured person’s death even after payments stop being made on it. The premiums stay level throughout this process making it a bit more expensive than term life insurance with the same coverage and length.

Universal Life Insurance: Universal life policies, also known as flexible premium life insurance, allow people to choose how much they want to pay per month. Oftentimes, these premiums can fluctuate over time but it offers more flexibility compared to whole life insurance since policyholders don’t have to make a fixed payment each month.

Variable Universal Life Insurance: This type of policy is similar to universal life insurance in some ways except that you can invest your monthly payments into different investment options. Since this allows policies to be customized even further, it usually comes at a steeper fee which means less money paid out on a claim compared to other types of life insurance.

Permanent Life Insurance: Permanent life insurance is just like universal and variable universal policies except it is usually much more expensive and has a payout amount that can never decrease during the insured person’s life, even if premiums stop being paid.

Term to 100: This type of coverage gets its name from the fact that it pays out in full if you die within a certain number of years, typically ten or 20. It covers death only, no other events. If you live past the term limit, your policy will usually be converted to another type of plan by your provider automatically.

Convertible Life Insurance: A convertible life insurance policy is similar to a term to 100 plan with deductions for survivors, but offers options for converting into another type of life insurance plan. This usually happens if you outlive the term limit, at which point you may choose between converting it to a different kind of policy or simply canceling the coverage. To convert it, your policy will be canceled and rewritten under a new name.

Ask one of our helpful agents about a life insurance quote today!

 

Top 5 things most people don’t know about Dover, Delaware

1. Dover is the capital of Delaware and is located in Kent County. It is the second largest city in Delaware and serves as the county seat.
2. Dover is home to Dover Air Force Base, one of the largest Air Force bases in the United States. The base houses the Air Mobility Command and is home to the largest military mortuary in the country.
3. The Dover Motor Speedway, nicknamed “The Monster Mile,” is a NASCAR track that has been hosting races since 1969. The concrete track is known for its unique high-banked turns.
4. Dover was founded in 1683 by William Penn and became Delaware’s capital in 1777. The city’s historic district, known as the Dover Green, is where the U.S. Constitution was ratified on December 7, 1787, making Delaware the first state to join the Union.
5. Dover is home to Delaware State University, a historically Black university founded in 1891, and Wesley College, making it a vibrant college town with a diverse student population.

 

Get to Know the Dover Neighborhood

1. Dover is served by State Route 1 and U.S. Route 13, which provide convenient access to Wilmington to the north and the Delaware beaches to the south.
2. Located in downtown Dover, the Delaware Public Archives and the First State Heritage Park offer visitors a glimpse into Delaware’s rich history as the first state.
3. The Dover Mall serves as a major shopping destination for central Delaware, featuring numerous retail stores, restaurants, and entertainment options.
4. Silver Lake Park, located near downtown Dover, provides residents with beautiful walking trails, fishing opportunities, and scenic views of Silver Lake.