When you purchase insurance, you are protecting yourself against the negative financial consequences of a possible future accident or problematic event. State laws require you to buy certain kinds of insurance, while other kinds of insurance are widely sought out but not necessarily required. You can buy insurance for many different things but among the most commonly bought types of insurance are life insurance, health insurance, homeowners insurance and automobile insurance.
Home Owners Insurance Your lender will require you to buy home insurance prior to finalizing the purchasing of your new home. Homeowners insurance protects you from financial losses stemming from damage that may happen to your home. Generally, banks require mortgage borrowers to buy sufficient homeowners insurance to cover the amount of their loan. Additionally, if you live in an area designated as a flood zone by the Federal Emergency Management Agency, you are required to buy flood insurance for your home additionally. While Homeowners insurance rates are on the rise across the board. Even though your home may be worth less in a depressed economy, replacement value now costs much more and energy prices have soared. Call Michael Bodnar, Owner/Agent to review your home owner’s policy for the best possible coverage for the best price.
Auto Insurance Auto insurance is important whether you have a new or used car. If you are involved in an automobile accident, auto insurance will cover the cost of repairing your vehicle as well as expenses incurred from medical treatment that becomes necessary as a result of the accident. Auto insurance also provides you with liability coverage in the event that someone involved in an accident with you attempts to sue you. In most states, you are required by law to purchase a minimum of liability insurance if you own and operate a motor vehicle.
Knowledgeable & great to work with
Strongsville resident Karen Freedman says “Michael Bodnar is knowledgeable and great to work with. He always has an encouraging word and has been a huge help when we have had to make a claim on our insurance.”
Hardworking & quick to respond
Akron resident Amy Friday says “Michael is dependable, hardworking and is quick to respond. He has been there for us when we needed him, especially when our daughter was in a car accident. He helped us and answered all of our questions in a timely manner.”
Professional and Experienced