Personal Insurance
Karl Crowell Insurance values you and your family’s assets. We can provide coverage for your auto, home or condominiums, personal umbrella, boats, and more, as well as a full array of life, health and disability insurance products. We analyze exposures, recommend the proper coverage and then match your needs with the best available quotes from our wide range of claim responsive insurance companies.
Homeowner's Insurance
For most of us, our home is the single largest investment we will make. Homeowners insurance provides coverage for damage to your home and other structures on your property such as a shed or detached garage. For townhouse owners, your townhouse and separate structures are covered for almost any type of damages except for a few common exclusions, such as wear and tear, earth movement, flood, nuclear hazard and earthquake.Personal Auto Insurance
Massachusetts used to follow the “fixed and established” system for setting auto insurance rates. This meant the state―and not insurance companies―set auto insurance rates, and all insurance companies charged the same premiums for each driver based on specific rate categories.
However, the Massachusetts auto insurance market now embraces managed competition. For consumers, this means the opportunity to “shop around” for potentially lower car insurance rates―an opportunity Massachusetts drivers didn’t previously have. And for insurers? Why, the chance to be more competitive, of course! Karl Crowell Insurance provides auto insurance for all drivers
at competitive rates. We also offer discounts for multiple vehicles.Personal Life Insurance
There are three types of life insurance. Term life insurance offers protection at a low cost. Whole life, which has a savings component. A third type, the return of premium, is essentially a hybrid of the first two. Term life is the most affordable of life insurance. Its reasonable rates allow people to buy policies with larger face values than they could otherwise afford. The downside, term life values reduce with time and eventually expire, leaving you with no benefits.Whole Life Policies, provided you pay your premiums, year in and year out, never expire. Since death is one of the inevitabilities of life, with a whole life policy, you know you'll have something to leave behind for your heirs. Unfortunately, Whole Life is expensive.
With a Return of Premium policy, a death benefit is paid out should you pass away. But if you live past, the term, you get all of your money back dollar for dollar. So no matter what happens to you, whether you die while covered or outlive the policy, money is distributed. These types of plans are affordable, but do not
expect a return on investment on these policies.
Which type of policy is right for you? It depends on your financial situation and needs. Karl Crowell Insurance can help you decide which policy is best and most affordable.
Disability Insurance
No one likes to think about what life would look like should disability strike. But the reality is one third of all Americans between the ages 35 and 65 will become disabled for more than 90 days, according to the American Council of Life Insurers. One in seven workers will be disabled for more than five years. And while many people think that disabilities are typically caused by freak accidents, the majority of long-term absences are actually due to illnesses, such as cancer and heart disease. The loss of income can be so devastating that it forces some people to foreclose on their home or even declare bankruptcy.If you are self-employed or not covered by your employer, it makes sense to consider purchasing an individual plan. Even if you are covered at work you may want to consider supplementing the insurance you have. You may not be able to afford to live on just 60% of your salary. An individual plan will allow you to insure another 10% to 20% of your income.
Personal Umbrella & Personal Liability Insurance
An umbrella policy is important if there's a gap between your assets and your insurance coverage. Personal Umbrella provides additional liability coverage above the limits of your current insurance policies; protects you and your family from situations not covered by ordinary liability policies; and is a great way to protect your hard earned assets.
Umbrella insurance is designed to give one added liability protection above and beyond the limits on homeowners, auto, and watercraft personal insurance policies. With an umbrella policy, depending on the insurance company, one can add an additional 1-5 million in liability protection. This protection is designed to “kick-in” when the liability on other current policies has been exhausted.