Terms you need to understand when purchasing health insurance

Posted on June 27, 2020June 27, 2020 by admin

Health insurance is frequently in the news. It seems premiums are going up and coverage is going down. Changes in health insurance have made it much more complicated, and trying to find an affordable policy that offers the kind of coverage you need is challenging. At Barry Insurance Group in Pearland, TX, we pride ourselves on the high level of customer service we provide, and our dedicated staff will work with you to make sure you get the right health insurance for your needs and wallet. Understanding some key terms can help you make an educated choice.

Network

Every health insurance company negotiates with doctors, hospitals, laboratories, and other healthcare professionals to provide services to their policyholders. This is their network. You want to make sure your preferred providers are in the network.

Formulary

The formulary is the list of drugs covered under your health insurance plan. It includes both generic and brand name drugs. It is in tiers with different costs for each level. It is vital to your health that any drugs you take are in the formulary and to understand how much your prescription will cost you to fill.

Deductable

A deductible is an amount you are required to pay before your insurance begins coverage. Most policies have a deductible, and some drugs do as well. High deductible plans are the most affordable, but they are not for everyone.

Copay

A copay is an amount you are required to pay for a particular service. It is your share and applies to many, if not all, services from doctor office visits to a hospital stay.

Choosing the right health insurance coverage is crucial for you and your family. At Barry Insurance Group in Pearland, TX, we have many years of experience and are here to help take some of the stress out of this critical choice. Give us a call or stop by our office for a no-obligation quote.

How Much Life Insurance Do You Need?

Posted on May 30, 2020May 30, 2020 by admin

The right life insurance coverage is crucial to ensuring your family’s financial stability after you are gone. At Barry Insurance Group in Pearland, TX, we know you want to leave behind a legacy instead of monetary worries. We work with our clients to give them the right amount of life insurance coverage for their unique situation.

Simple Formula

The simplest way to determine how much life insurance you need is to multiply your annual income by a number from 6-10. If you choose six, for example, your life insurance would pay the equivalent of six years of your salary. This can give family members the time to become financially secure.

Another way to determine how much life insurance you need is to multiply your yearly salary by how many years you have until retirement or until your income will no longer need to be replaced. If you only have children to consider, then you may want to use the number of years until they are of the age to care for themselves financially.

Don’t Forget Debts

In addition to replacing several years of income, your policy should be enough to pay off your debts. These include mortgage and car loans, medical bills, and final expenses. Medical bills can be challenging to determine far in advance. If you have insurance, consider adding your plans deductible for medical expenses. It’s wise to add the amount of your debt to the number you have to replace your determined years of income.

Contact Barry Insurance Group

Barry Insurance Group in Pearland, TX works with clients to determine the life insurance policy that’s right for them. Contact Barry Insurance Group and let us help you get the coverage you need today.

How To Get The Auto Insurance Policy That You Need

Posted on April 27, 2020April 27, 2020 by admin

When it comes to having auto insurance, it is vital to make sure that you receive the coverage beneficial to you in the case of injury and protecting your vehicle repairs when necessary. Auto insurance also protects you while you are on the road if you are involved in an accident of any kind.

At Barry Insurance Group, we serve the residents of Pearland, TX with auto insurance that protects you and your vehicle. We believe that it is vital for our clients to understand the type of coverage that they need with the way they use their vehicles. Being able to protect yourself and your investment is our primary goal. Here are a few tips on what you should look at while shopping for auto insurance.

Have you ever been in a situation where you lost your mode of transportation? Replacing a car because of an accident (whether you were at fault or not) can be an unreachable financial burden. However, when you have the insurance that helps you stay on the road while you work towards purchasing another car, that can save you a lot of time and stress down the line. When you speak with one of our representatives, feel free to ask about the options that you have available in this situation. You deserve to have a means of transportation for your daily needs.

Are you ready to sit down and discuss auto insurance options you want with one of our agents? Our team will make sure that you are equipped with coverage that is beneficial to your needs. To contact us during our office hours, please feel free to call us at (281) 464-3384. If you prefer to e-mail an agent with your inquiry, please feel free to reach out to us.

What Is General Liability Under My Commercial Insurance Policy?

Posted on March 27, 2020March 27, 2020 by admin

General liability under a commercial policy can become tricky for business owners, especially when they’re deciding whether to file a claim (and if so, exactly how to file it). Barry Insurance Group in Pearland, TX wants you to know what general liability is, what it covers, and maybe even more importantly, what it doesn’t cover.

What Does General Liability Mean?

General liability refers to coverage that will pay for different expenses if it’s determined that you or your business was at fault for an event. So, let’s say an employee forgot to put down a Caution When Wet sign after mopping the floor. Whether the customer slips and breaks their leg or their expensive laptop goes flying out of their hands, general liability would help you pay for the costs to treat the injuries or replace the property.

What Does It Cover?

General liability typically covers property damage or injury claims made by clients, customers, or third-parties. If someone initiates false slander against your company to destroy your reputation, you can also use general liability for this as well. So regardless of whether you’re looking for legal help or you intend to settle the claim outright, you get the money you need to handle everything from payments to administrative costs.

What Doesn’t It Cover?

General liability doesn’t cover auto accidents, property damage to your business, and personal injury claims made by your employees. In addition, general liability will have limits placed on how much can be paid out for each claim.

If you’re concerned about your level of coverage, give Barry Insurance Group in Pearland, TX a call today to discuss your policy and how it can be adjusted to fit your needs. We’re here to help you discover the best options available.

Someone Slipped and Fell on My Property: When Should I Notify My Homeowners Insurance Company?

Posted on February 28, 2020February 28, 2020 by admin

Your home insurance covers you if someone slips and falls on your property and attempts to sue you. Here at Barry Insurance Group, serving the greater Pearland, TX, we want to help you prepare in case something like this happens to you. Here is what you need to know about notifying your home insurance if someone slips and falls on your property.

What Should You Do After Someone Slips and Falls on Your Property?

If someone has slipped and fallen on your property, you should first help the injured party. If they need medical attention, call for help. Once you have ensured that their injuries are tended to, be sure to take pictures of the accident scene. Document why they fell, what the conditions were, and any other relevant information. This can be important, especially if you feel that there was not something related to your property that caused them to trip and fall.

When Should You Notify Your Homeowners Insurance Company if Someone Slips and Falls on Your Property?

You should notify your homeowner’s insurance company as soon as you realize the party is injured and seeking medical attention for their injuries. Many people wait to notify their insurance company until the other party asks for insurance information or lets the other party know they are using them. This does not give the insurance company much time to obtain evidence and seek information about the accident. Letting them know early on can help with their discovery process.

Having the right homeowner’s insurance coverage can protect you from the unexpected, such as someone slipping and falling on your property and becoming injured. If you are looking for a new homeowner’s insurance policy in the greater Pearland, TX area, let Barry Insurance Group help you find the best policy for your needs. Contact us today to get started.

Instant Quote

HOW CAN WE HELP YOU?

Barry Insurance Group

Call us at

281-464-3384!