Health Insurance FAQs

Health insurance is important for your physical and financial health. However, you may have questions about your health insurance policy. We provide health insurance policies at Taake Insurance Agency in Columbia, IL. 

What is Out of Network Coverage? 

Health insurers make agreements with some providers. In exchange for becoming part of the network, the provider agrees to a lower price for services. Providers that don’t have this agreement are considered out-of-network providers. 

 All health insurance policies cover in-network providers. Some policies provide some coverage for out-of-network providers, and others don’t offer any. 

Is Emergency Care Covered? 

Yes. Federal law states that health insurance plans must cover emergency care, regardless of whether the provider or hospital is in-network. 

You should also know that the insurance provider can’t charge a higher copay for out-of-network emergency care. 

How Do I Choose the Best Plan?

Several factors must be considered when buying health insurance. Your deductible, copay, coverage limits, and the services covered will vary from plan to plan. 

If you rarely go to the doctor, you may want to choose a plan with a lower premium and a higher deductible. However, a plan with a higher premium and a lower copay may be the best option if you visit the doctor regularly. 

Does Health Insurance cover Prescription Medications? 

Yes. Most health insurance policies cover prescription medications. However, which drugs are covered will vary from plan to plan. The copay for medication will vary as well. When selecting a plan, you should consider how often you need medication. If you are currently taking a medication, ask if it’s covered by the policy you are considering. 

Health Insurance at Taake Insurance Agency

If you need health insurance in Columbia, IL, contact us at Taake Insurance Agency. We offer various insurance options, including health, home, and life insurance.

Occasions When People Acquire Life Insurance For The First Time

At Taake Insurance Agency, we proudly serve the community of Columbia, IL, providing comprehensive personal insurance policies that ensure financial security for individuals and their families. One such vital service we provide is life insurance, which serves as a financial safety net for your loved ones during your absence. Let’s explore the process and ideal timing for securing your first life insurance policy.

Understanding Life Insurance and Its Benefits

Life Insurance, often misunderstood, is not just about covering final expenses and debts. It has a broader role in securing your family’s financial health in your absence. This flexible financial tool comes in various forms, such as term insurance and whole life or permanent insurance, each serving different needs.

When Should You Get Your First Life Insurance Policy?

The timing for securing the first life insurance policy can vary significantly among individuals. Here are a few common life stages when many people consider getting their first policy:

  • Infancy: Parents or grandparents may purchase a life insurance policy for a baby or young child, ensuring their insurability in later life while also serving as a savings plan.
  • Upon Graduation: A lot of individuals secure their first policy as they step into adulthood post-high school or college graduation, taking on financial responsibilities and possibly even debts.
  • Marriage: Tying the knot often brings added responsibilities, including home ownership and parenthood. This is a common stage for considering life insurance to protect income and secure financial futures.
  • Starting a Business: If you’re starting a business, especially with partners who play key roles, a life insurance policy can help ensure the venture’s continued success.

Get Your Life Insurance Quote Today!

Life insurance becomes surprisingly affordable when you’re young and healthy. If you haven’t established your life insurance program, let us at Taake Insurance Agency, serving Columbia, IL, assist you. After answering a few straightforward questions, you and your family will have greater peace of mind knowing that you’re financially protected.

Who will benefit the most by having commercial insurance for their business in Illinois?

When you are in the Columbia, IL area, you will find it is a great place to start and run a business. When building a company here, you need to get the right insurance. There are various scenarios when a business will benefit by having commercial coverage. 

Those with Significant Assets

One situation when a business will greatly benefit from having commercial insurance is when it has significant assets. Investing in assets to get a business off the ground is very common for any organization. Moving forward, many businesses will continue to rely on these assets to operate. When you have insurance, you will have support and protection for these items if you incur a covered loss, which can include damage or theft.

Those with Liability Risks

Any business today is going to take on some liability risk. This can include the risk that someone is injured by the use of your product or service or an employee is hurt while working. As these risks will always exist, insuring against them is quite important. One of the most effective ways to do this is by getting commercial insurance, which will include a provision for liability insurance to ensure you are supported. 

Building a business in the Columbia, IL, area can be an excellent option for many people. When you are trying to build a company here, you will want to know that you always have the right insurance. For those in the area, it might be a good idea to call our team at the Taake Insurance Agency. When you contact us, you will get plenty of guidance to ensure you select the right policy that meets your needs. 

Why do I need to have auto insurance in my state?

The Importance of Auto Insurance in Columbia, IL

Becoming a car owner in the Columbia, IL area comes with great benefits, such as the convenience of easier mobility. However, owning a car also necessitates having auto insurance. This requirement serves vital purposes.

Meeting State Law Requirements

One primary reason for needing auto insurance is its requirement by state law. Like most states, Illinois mandates that every car owner maintain a specified liability coverage level. This law ensures you can cover damages in case of an accident. Failure to possess this requisite coverage can result in penalties.

Protecting Your Vehicle

Given the considerable financial investment made in purchasing a car, it is vital to protect it with the right insurance. Investing in comprehensive and collision insurance safeguards your vehicle against a wide range of risks, thereby ensuring investment protection.

Working with Taake Insurance Agency

Procuring auto insurance in the Columbia, IL area is a smart move that provides protection and peace of mind. When looking to secure such coverage, Taake Insurance Agency is an ideal partner. Our team of professionals can offer expert guidance and help you tailor insurance coverage that suits your needs, providing optimal protection for you and your vehicle.

Beyond Bricks and Mortar: Five Benefits of a Home Insurance Policy

Investing in your dream home where you plan to raise your family is one of the most significant investments you can make. Protect your homeownership investment with comprehensive home insurance from Taake Insurance Agency in Columbia, IL! 

Benefits of Home Insurance in Columbia, IL 

Benefit #1. – Protect Your Home’s Interior and Exterior 

A comprehensive home insurance policy can provide financial coverage for your home’s key interior and exterior features. Licensed insurance agents can provide coverage advice and policy options based on your circumstances. 

Benefit #2 – Reduce Expenses

One of the best benefits of having a comprehensive policy is that you’re protected from unexpected incidents of thefts, vandalism, effects of natural disasters, and other covered perils. Comprehensive insurance can reduce out-of-pocket expenses when your policy covers your must-have items and repair or replacement costs. 

Benefit #3. – Avoid Legal Blindsides

Accidents can happen regardless of where we are –including unexpected accidents on your property. With comprehensive home insurance, avoid being blindsided by legal and financial claims associated with accidents on your property. 

Benefit #4. –  Temporary Displacement Support

Repairs and clean-up from natural disasters, floods, vandalism, and break-ins can render a family homeless while they await restoration. Talk to a trusted insurance agent to learn how to add emergency living expense coverage to your home insurance policy. 

Benefit #5. – Sleep Easier

Most homeowners rest easier at night when they know their homes are safe and protected from unexpected perils that would normally render them homeless. Please don’t wait until it’s too late to protect your most prized possession from the unexpected.

Contact the insurance experts at Taake Insurance Agency in Columbia, IL, and get a free quote today! 

What happens if my Columbia, IL auto insurance maxes out?

Illinois requires every vehicle driver to carry a minimum amount of coverage. That coverage is only for the other drivers and passengers and has limits per person and per accident. If you drive in Columbia, IL, Taake Insurance Agency can help you explore your options if you consider getting additional protection.

You Are Responsible For Any Damage You Cause

If you are found to be at fault in an accident, you are responsible for paying for all the property damage and medical bills. You are responsible if the other driver needs to rent a car. If there is a lawsuit, you are the one responsible.

You carry insurance so you will not have to pay for all that yourself. Your insurance will only pay out to the policy limits you have chosen.

What Happens When You Max Out?

After your insurance maxes out, you are still responsible for all of the damages. If you cannot pay, a judge can compensate the victim in other ways. For instance:

  • A judge can order that your wages be garnished until the damages are paid.
  • A lien can be put on your house to force you to pay.
  • The victim may be able to take your other assets, such as if you have money in a bank account.

Call Today To Discuss Your Options

Once you realize how much an accident could cost, you may feel vulnerable when driving. Most people with minimum coverage cannot pay for a serious accident. If you would like to discuss additional coverage or have any questions about Illinois auto insurance, please call Taake Insurance Agency Columbia, IL today.

How does remodeling affect home insurance?

Remodeling a house to make it your home can be an enjoyable experience, especially when the work finishes. Still, remodeling increases your risk during the process and generally increases the value of a house, so you need to protect your investment during and after the remodeling project. At the Taake Insurance Agency, serving the Columbia, IL, area, our team will work with you to structure the home insurance coverage that protects your family during and after the project.

The Impact of Remodeling and Renovating

The typical home insurance policy offers basic protection during remodeling projects, but accidents can happen, so it is worth considering supplementing your policy during the work period. Some home insurance policies require homeowners to notify their insurance agent about their plans before beginning work. Due to the potential hazards and risk of injuries, homeowners should modify their home insurance coverage or acquire umbrella insurance.

After completing the work, remodeling projects often bring increased home size, enhanced fixtures or furnishings, or add touches that increase the home’s value, and you should update your policy to reflect those changes. Additions such as pools and hot tubs increase your risk and must be identified in the policy. Renovations that modernize your home’s wiring, plumbing, heating, or other system may reduce your risk. 

So, no matter the changes planned, it is best to discuss them with your agent in advance so you fully understand how they may affect your home insurance coverage.

Working with Taake Insurance Agency

Your home is likely one of your most significant investments and needs protection against unforeseen events. Our Taake Insurance Agency team proudly serves the Columbia, IL, area, and we want to help you with all your insurance needs. Call or stop by today to discuss your options.

Matching Health Insurance Options to Your Needs

Health insurance is essential for everyone because it allows you to manage your health and well-being throughout your lifetime. People who carefully select their insurance can access the products and services they need to manage their conditions or stay healthy. If you would like to learn more about health insurance options, you can trust the insurance professionals at Taake Insurance Agency, serving the residents of Columbia, IL. 

How to Select the Right Insurance Policy

Choosing the right insurance for your specific needs is essential for having access to medical care and options. The best way to determine the correct type of policy is to consider your medical history, family medical history, and any present conditions. 

For example, you’ll need regular medical care and attention from specialists if you have a health condition or disease. You’ll need to secure a policy to save on your co-payments and deductibles if you use your insurance frequently. 

In contrast, if you are a healthy individual with a low risk of developing diseases or degenerative conditions, you’ll want to save on your premiums instead. It’s also important to choose insurance that covers the care you require and allows coverage for procedures, treatments, and hospital visits that you know you’ll need in the future. 

The best way to know if you’re adequately covered is to consult with one of our licensed health insurance agents. They can help you determine which policies meet your needs and go over the terms and conditions so that you can make an informed decision. 

Find Out More Today

If you would like to learn more about the policy options we offer for health insurance or any of the other quality insurance products we offer, please get in touch with us today. At Taake Insurance Agency, we take pride in offering reliable insurance to the residents of Columbia, IL. 

Life Insurance Options in Illinois

Our agents at the Taake Insurance Agency serving the Columbia, IL area know how important your family and friends are to you. This is why they want to ensure that you have adequate life insurance in place when you pass away.

You do not know when it will be time for you to leave this world, and a good life insurance policy will give you the peace of mind you deserve since you will know that your loved ones will be taken care of when that day comes.

There are several different types of life insurance policies you can choose from. Listed below are the three most common types of life insurance policies.

Life Insurance Options

Term Life Insurance

This type of life insurance policy will provide coverage during a certain term. The terms are usually 10, 20, or 30 years. It is a very affordable policy but only pays a death benefit to your beneficiaries if you pass away during the term in which it is in effect.

Whole Life Insurance

This type of life insurance is part of a permanent policy that provides lifelong coverage. It is a popular choice since it also includes a cash value component that grows over time and can be borrowed against or withdrawn. This means you can pay off large bills, such as a mortgage or vehicle before you pass away, which will help lessen the load of stress on your loved ones when they are grieving since they will not have to worry about how to pay the bills.

Universal Life Insurance

Universal life insurance basically combines a death benefit with an investment account. This means that you can adjust the premium payments and death benefit over time, and the cash value has the potential to grow while being tax-deferred.

Other Types of Life Insurance Policies

Other types of life insurance policies you can choose from include variable life insurance, indexed universal life insurance, final expense insurance, and group life insurance.

Get Your Life Insurance Policy Started

Call our agents at the Taake Insurance Agency serving the Columbia, IL area today to get your life insurance policy started!

Do You Need Commercial Insurance for Your Illinois Business?

Owning your own business is probably a dream come true for you and your loved ones, which means you will want to protect it with an appropriate amount of insurance. Our agents at the Taake Insurance Agency serving the Columbia, IL area want to help you with all of your commercial business needs to protect the investment of time, energy, and money you have invested in your Illinois business.

Is Commercial Insurance Required in Illinois?

All drivers in the state of Illinois must have at least an auto liability insurance policy in place before they can legally drive a motor vehicle. This goes for your business also. This means that all vehicles owned by your business or personal vehicles that are driven for business purposes must have at least an auto liability insurance policy in place at all times.

Commercial Liability Insurance Coverage

It is very important for you to have commercial liability insurance coverage for your business and for your customers. This type of insurance is necessary to have in place in case a customer or a guest at your business is injured. This type of policy will help pay the person’s medical bills and other expenses and help you with legal fees if a lawsuit is filed against your business. Commercial liability insurance coverage will also help you out if you are involved in a libel, slander, or copyright infringement case,

Commercial Property Insurance

Commercial property insurance will come in handy if there is some sort of tragic event at your business, such as a fire, natural disaster, or vandalism. Also, if you have a business with inventory, this type of coverage will help you replace it if you lose it due to damage or theft.

Call for a Quote

To obtain a quote for a commercial insurance policy to protect your Illinois business, call upon our agents at the Taake Insurance Agency serving the Columbia, IL area today!