Eric Olivas

Do you know how to do the math for annual healthcare costs?

First, take the premium amount total (12 monthly bills), then add the deductible, plus any coinsurance and that equals the maximum out of pocket expense, minus any copays. It’s a bit of a convoluted equation; and it’s different for everyone. Also remember, coinsurance and copays are two separate terms.

Do you know what is included in a Business Owner’s Policy (BOP)?

Business insurance protects a business’ assets. Should an accident occur, or if the business is held liable for a problem, a claim is made on the policy, so company cash flow and reserves are not put at risk.

Does your homeowners policy cover wear and tear to your home?

Unfortunately, upkeep is not included in a homeowners policy. Think of a homeowners policy for things that happen which are sudden or accidental. For example, homeowners insurance covers major disasters, such as a fire or if a tree caves in the roof.

What’s the most important life insurance you can own?

It’s the life insurance policy that is in force when you die. There are two types of life insurance policies: permanent and term. Permanent life insurance can accrue cash value, depending upon how the policy was written. Term life insurance is better for unexpected or potential early death. Life Insurance

How does auto insurance protect more than your vehicle?

Car insurance covers the medical expenses of individuals if an accident happens. Replacing a car is a cost, but replacing a limb, a life, or an income is a far larger expense. Think of auto insurance as protection against potential disability and law suits. Auto Insurance