What Is Accidental Death Insurance?

Posted on August 16, 2021August 9, 2021 by admin

Accidental death insurance pays your beneficiaries in the event your death is caused by accident. This type of insurance coverage is also referred to as accidental death and dismemberment insurance, or AD&D, and is an alternative to permanent and term life insurance options. Those in Las Vegas, NV, debating between purchasing accidental death insurance or a typical life insurance policy can call our agents at Red Rock Insurance for more details.

Accidental Death Insurance

Most insurance companies offer accidental death insurance plans to cover those who may have died due to an accident. The beneficiaries are paid a lump sum payout when the death of their loved one is caused by accident. The payout is called a death benefit, and natural causes or illness-related deaths are not covered under this type of insurance plan.

Do I Need Accidental Death Insurance?

The decision to purchase accidental death insurance is completely up to you. The younger you are, you may take this plan into greater consideration because you may be at risk of becoming injured or killed in a fire, work accident, or auto accident. However, anyone at any age may want to consider accidental death insurance coverage for the same reasons.

Disadvantage to Accidental Death Insurance

The Centers for Disease Control reports only 5.4 percent of deaths are ruled an accident. Because accidents are rare, the biggest disadvantage is you may never need this form of insurance coverage.

Benefit to Accidental Death Insurance

The biggest benefit to purchasing an accidental death insurance plan is affordability. Being affordable means that even if you never need the plan, these plans do not cost a lot of money.

Those living in Las Vegas, NV may want to consider weighing their needs and determine if they need to purchase accidental death insurance. Then, if you still have questions, call our agents at Red Rock Insurance to discuss your options.

3 Tips for New Drivers

Posted on July 30, 2021August 9, 2021 by admin

For a new driver, the only thing more exciting than walking out of the DMV with your new driver’s license in your hand is getting behind the wheel as a new, legal, licensed driver. Although you may have been driving with a temporary permit, as a licensed driver you will be in control, there is no need to have a licensed driver with you while driving. It’s important to keep in mind that this is a big step and it may feel a little intimidating, so Red Rock Insurance has put together a few tips for new drivers in Las Vegas, NV.

Avoid Distractions

Talking to passengers, turning the radio up full blast, and trying to eat while driving is only a few of the distractions that can happen while you are driving. Just like an experienced driver, new drivers are also expected to keep their distractions to a minimum to make sure your focus is on your driving and the road.

Don’t Use Your Cell Phone

One of the most common causes of automobile accidents is distracted driving due to cell phone use. Accidents happen quickly, so the few seconds in which you lose focus while talking or texting may result in you being involved in a serious accident. When you are driving, your cell phone should be turned off or use an app that interrupts calls to let callers know that you are driving and will return their call once you safely arrive at your destination.

Don’t Speed

Another common cause of fatal accidents is speeding. For your safety and the safety of others on the road, it is essential that you follow the speed limits. If you are driving the speed limit and other vehicles are passing you, try to remain calm and avoid feeling overwhelming by the vehicles that are passing you, instead focus on the fact that it is more important for you to arrive at your designation safe and without being stopped for speeding.

Patience is essential when driving, so be sure to allow yourself enough time for safe traveling and safe arrival. Remember to always buckle up, be mindful of other drivers on the roadway, and always carry your driver’s license and insurance information with you.

For new drivers in Las Vegas, NV that are interested in learning more information about safe driving or to review their automobile insurance policy should contact Red Rock Insurance.

Types of Commercial Insurance You Might Not Know About

Posted on June 14, 2021June 11, 2021 by admin

When you are purchasing commercial insurance, you are likely going to purchase general liability to protect you against accidents and property damage. That might not be giving you complete peace of mind.

At Red Rock Insurance, we know that you worry about the number of additional risks that your business could be exposed to. Call us to talk about the different types of commercial insurance that you may want to add to your portfolio.

Business Interruption Insurance

When your business sustains damage due to natural disaster, commercial insurance called business interruption insurance can provide some relief. After a significant loss, business interruption insurance will help you to pay bills, cover your payroll, and provide relief for additional expenses.

Product Liability Insurance

This kind of insurance will protect you in the event that you have a problem with a product. If one of your products creates a problem or a liability for someone else, the damages or legal costs could crumble you. Product liability insurance provides protection against the liabilities caused by a faulty product, or products that cause injury, illness, or property damage.

Cybersecurity Insurance

Today’s business world can fall prey to cyberattacks at any moment. A virus, malware, or ransomware attack could close your business doors for a minute, or forever.

It is natural to think that your business is too small for a hacker to want to reach, but that is not the case. Hackers and ransomware criminals are checking in on the small businesses today as much as they are targeting the big guys. They assume that you won’t have the coverage that a Fortune 500 would in the event of a cyber disaster.

Equipment Breakdown Insurance

If you have specialized equipment that you need for your business to run successfully, you may want to consider equipment breakdown insurance. This kind of insurance will cover a repair and a replacement in the event that your business shuts down due to some kind of equipment failure.

Get a Quote

There are enough things to worry about when you are running a business. Let us take some of the big concerns off of your mind. Call Red Rock Insurance today for a quote or to update your existing commercial insurance policy.

Hazards not covered by home insurance

Posted on May 25, 2021May 25, 2021 by admin

You may be surprised to learn that quite a few hazards are not covered by home insurance. Your home is likely the largest purchase you will ever make, and protecting it is vital to your financial security. In Las Vegas, NV. Red Rock Insurance is a local agency with a team of experienced agents to help with your home insurance choice. We understand how important making the correct decision is.

Floods

Floods are one of the most common causes of catastrophic damage to homes in the US. Billions of dollars of damage happen every year. This is just for the major floods. Many smaller localized floods also happen. The good news for homeowners is that even though your home insurance doesn’t cover flooding, you can purchase flood insurance separately.

Land movement

Land movement includes earthquakes, mudslides, and sinkholes. These are excluded from most home insurance policies. You can, however, add a rider or a separate policy to give you the protection you need.

Expensive items

Expensive items are not so much exclusion as a limit. Jewelry, antiques, and art have minimal coverage. Chances are if you have a nice engagement diamond, you likely have reached the average jewelry limit. Talk to your insurance agent about getting coverage for collectibles, jewelry, and other valuable possession you may have.

Owner neglect

You may feel your home is your castle and the care you provide for your home is your own business. You would be wrong if you were to file a claim for something resulting from corrective measures you should have taken. If you get termite damage, your home insurance won’t cover it. Your insurance expects you to maintain your home.

If you have questions about home insurance and live in or near Las Vegas, NV, Red Rock Insurance is here to help you get the coverage you need.

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