• In New Baden, Illinois, it is illegal to drive a vehicle without insurance. At the minimum, a driver must have liability insurance on their automobile. If you are pulled over without proof of insurance – you are subjected to a fine. Not only does auto insurance coverage help you avoid fines, but it also protects your investment, otherwise known as your car.

    You spent your hard-earned money on a vehicle; auto insurance ensures that your money is protected in the case of an accident or other unforeseen circumstance. While liability coverage is the minimum, Horstmann Insurance Agency offers various coverages from many respected insurance carriers. Speak with one of our insurance agents to understand what is required, and what additional coverage helps keep you best protected. The six popular coverage options include:

    • Liability Coverage – Mandatory in the state of Illinois, this coverage has two components: 1) bodily injury liability, which helps cover the costs related to another person’s injuries if you were at fault. 2) property damage liability, which helps cover the costs of damage you incurred to someone else’s property while driving.
    • Uninsured and Underinsured Motorist Coverage – Getting involved in an accident due to the negligence of another driver is dangerous and stressful. What is worse is if the at-fault driver doesn’t have insurance or are underinsured. This coverage helps pay for medical bills and vehicle damage if an uninsured or underinsured driver hits you.
    • Comprehensive Coverage – This coverage comes with a deductible, the amount you’ll have to pay out of your pocket, but protects you from damage to your cars like theft, fire, hail, and vandalism.
    • Collision Coverage – Normally, an optional coverage helps pay to repair or replace your car (up to its cash value) if you get into an accident with another vehicle or object.
    • Medical Payments Coverage – If you are driving the insured vehicle and become injured as the result of an accident, medical payments are covered with this coverage. It also helps pay for hospital visits, surgery, rehabilitation, and more.
    • Personal Injury Protection – Only available in individual states, ask your insurance agent about this coverage. Similar to medical payments coverage, this helps pay for your medical expenses and can help cover the loss of income as a result of your injuries, such as childcare expenses.

  • Homeowners Insurance Policies in New Baden

  • For most homeowners, their house is their most significant investment – homeowners' insurance helps keep that investment protected from specific perils. These aren’t one-size-fits-all policies, every coverage is specified to the individual homeowner, and the goal of our insurance agents at Horstmann Insurance Agency is to find what you are looking for – and deliver it. Homeowners insurance is a collection of multiple coverages that help pay for the repairs or replacement of your home and its belongings if they were damaged by things like theft, fire, or a natural disaster. Homeowners coverage can include:

    • Dwelling Protection – This is basic coverage that helps cover the costs of repairs to specific structures of your home against certain risks like fires, lightning strikes, windstorms, hail, vandalism, theft, ice, water damage, etc.
    • Personal Property Protection – Homeowners insurance covers damage to your home and protects your personal belongings, such as electronics and jewelry. If your home falls the victim of a theft, this protection helps pay to repair or replace your belongings. Consider purchasing extended coverage options for more expensive items that have exceeded your property coverage limits.
    • Liability Protection – This is for when someone not living on your property is injured. Bodily injury liability protection helps pay for legal expenses or medical bills if you are at-fault.
    • Coverage Limits and Deductibles – Bear in mind, every coverage in your homeowner’s insurance policy has a limit – a certain amount of money your policy would payout to cover a loss. You might be able to change your coverage limits. For more information, speak with your local insurance agent. In most cases, you will pay a deductible before your insurance coverage benefits kick in. Read your policy, ensure that you understand what is protected and what isn’t. You can make adjustments to fit your needs at any time.

  • Life Insurance Coverage

    “What will happen to my family, once I pass on?” is a common question that people tend to think about when discussing life insurance. If your loved ones rely on your financial support, Horstmann Insurance Agency helps create a life insurance policy to help cover funeral costs, debt repayment, and possibly a cash payment to beneficiaries. Types of life insurance coverage include:

    • Term Life Insurance – This is typically the most affordable and most popular option of coverage, is purchased for a specific amount of time, ranging from one to 30-year time spans. Beneficiaries only receive cash payments if the policyholder dies during the term.
    • Whole Life Insurance – This coverage has the benefit of a premium that doesn’t change throughout the entirety of the policy. Prices may seem higher in the early years, but they accumulate a cash value. If necessary, you can surrender your policy for its face value.
    • Universal Life Insurance – This coverage works just like whole life insurance, except you have more flexibility. Once you generate money into your cash-value account, you can adjust the frequency and cost of your premium. However, you need to realize that altering the price of your premiums can decrease the value of your policy.
    • Variable Life Insurance – Variable life insurance offers the same protection and benefits of whole life and universal life policies. Still, you have control over how your cash value is invested: stocks, bonds, money market funds, etc. This allows your policy value to grow more rapidly but has a higher risk. If your investments don’t work out, your cash value and death benefit may decrease.

  • Commercial Insurance New Baden Illinois

    Horstmann Insurance Agency is here to help protect your business and help make it whole again in case the unexpected happens. Nobody plans to be a victim of theft or for their place of business to be struck with fire, however, taking a proactive approach and protecting your business with proper insurance coverage, is the best way to prepare for the unexpected.

  • The type of commercial insurance you need is dependent on your business. For instance, an ice cream parlor won’t have the same insurance coverage as a golf course or hobby shop. Usually, small business owners create a business owner's policy, which is a combination of commercial property insurance, crime insurance, general liability insurance, and other coverages into one package.

  • Some things to consider when choosing the right commercial insurance for your business:

    • Location
    • Number of Employees
    • Years of Experience
    • Gross Annual Revenue
    • If You Own/Rent Vehicles
    • If You Own/Rent Building

  • Workers’ Compensation Protection

  • Most states require workers’ compensation protection. It ensures that your business and its workers are protected in the case of accidents. Every small business relies on the employees that work there, just like those employees rely on their paycheck. Any sudden change due to an injury caused by a work-related accident can cause a significant stressor in a worker’s life. Workers Compensation helps alleviate that protection, which covers medical bills, loss of wages, rehabilitation, etc. Call Horstmann Insurance Agency to help keep your employees protected!

  • Our Financial Services for Residents in New Baden IL

  • Do you want to put some extra money away for a time when you need it most? If you have a 401K from your employer that you have been paying into for years but are a little hesitant that it will be enough for your retirement, Horstmann Insurance Agency is here to help. We sit down with you, hear your concerns, and offer our professional financial advice. One investment isn’t great for all – that isn’t the way it works. Every financial plan is created specifically for each client and their unique wants and needs. For more information, contact Horstmann Insurance Agency today!