Partnerships and Business Insurance

A partnership in Astoria, OR is a common form of business structure in small businesses. A step up from the sole proprietor or single owner type company, the partnership is both an ongoing agreement combining different owners as well a unique management form with its own set of rules. As a result, partnerships are not all exactly alike nor do they follow a default form. So when it comes to commercial insurance, a lot depends on how the partnership treats coverage, who needs it among the owners, how the partnership liability is shared, and who is responsible for paying the associated premiums. These details frequently need to be spelled out in partnership agreements in some form, whether combined with other expense responsibilities or in specific language of partnership responsibility.

While it’s easy to assume that a partnership would have equal parts, in many cases there might be majority partners and minority partners. Law firms in Astoria, OR are good example of this kind of ownership distribution. That in turn has an impact on both how much a given single partnership is responsible for coverage as well as how much he or she can depend on the others to provide their share of the same. Because nuances are common from company to company, it’s important for the partnership to work with a qualified expert like those at Linda Dugan Insurance. In many cases commercial insurance policies need to be crafted to match the specific details of a given partnership and the needs of the partners involved. General plans won’t serve the business well and will often create more problems than solve them. Call Linda Dugan Insurance for more information to establish the right commercial insurance plan for your partnership.



Term life insurance in Astoria, OR

If you are the main source of your family’s income, it is important to purchase a term life insurance policy as a means of planning and securing their future. Undoubtedly, no one wishes to plan for their death since the thought of it is scary but such planning can save your family from financial stress upon your death. 

Why you should buy Term Life Insurance
Life insurance helps in replacing your income once you die helping your family manages their living costs and pay any existing debts. Examples of these debts include house mortgages which can be fully settled using the money from term life death benefits. This will save your family from financial stress. Due to its low cost, term life insurance policy is the most dominant type of life insurance in current times according to Linda Dugan Insurance, Astoria, OR. 

Benefits of term life insurance
Term life insurance is a simple type of life insurance whereby you are aware of what your beneficiaries should expect. Also, this insurance is affordable since it offers large coverage for the lowest initial premium. The initial premium will also be fixed to ensure that they don’t alter before the end of your insurance term. Finally, the beneficiaries will receive a tax-free death benefit package if you pass-on during the term of your policy.

Term vs. Whole Life Insurance
Often, a question will arise on whether you should opt for whole life or term life insurance, but it all goes down to your specific situation. Notably, whole life is just one form of permanent life insurance, and you should review the situation at hand before settling on an insurance policy.

As seen above, purchasing a term life insurance is a good way of ensuring that your loved ones are protected from financial burden upon your demise. At Linda Dugan Insurance which is based in Astoria, OR, you will get to learn about the benefits associated with this policy. It is high time you visited our company.

A Beginner’s Guide to Boat Insurance

Have you recently bought a sailboat, speedboat, luxury yacht or kayak? If you do not have much knowledge about boating, you are probably thinking that your boat is covered in your homeowner policy. However, your boat is far from your home insurance. Boat insurance is more of a combination of your auto and home insurance. For instance, just like home insurance, a boat policy will cover for someone injured on your vessel and you will as well get a choice to get a replacement or cash compensation. The policy will also cover for physical damage on your boat when you hit an object, for another person’s property damaged during an accident or bodily injuries on the people being ferried. These are similar terms in auto insurance. Linda Dugan Insurance also provides coverage against theft, fire, vandalism and for your personal property such as your fishing gear.

Different from car or auto insurance, however, boat policy can allow you to suspend coverage for some of the periods that you are not using the boat. However, if your boat is out of the water, attached to your car or truck moving around Astoria, OR, your boat is covered by your car insurance. Thus, your boat policy will not pay for your yacht, property damaged or any bodily damage that might occur. The more difficult situation is if your boat is damaged while parked on your property. This is because your home insurance may provide coverage or fail to do so in such a situation. To protect your boat against this, Linda Dugan Insurance recommends an umbrella policy. This is advantageous because, if somebody is injured, it comes ahead of your home insurance and even covers up to the additional limits. Be cautious of some policies offered in Astoria, OR that do not cover for your boat out of the waters of U.S. and Canada. Visit Linda Dugan Insurance to get help with your boat insurance.


Why should you have a life insurance cover?

When it comes to securing a future for your loved ones, it does not matter whether you are a resident of Astoria, OR or Texas. Everybody feel obligated to give their loved ones a good life even after they pass on. That is only possible if you buy a life insurance cover. As a resident of Astoria, Linda Dugan Insurance gives you the necessary advice and knowledge before selling the covers to you.

Among the reasons you should buy a life insurance cover include;

To cover children’s expenses

As a guardian or a parent with kids depending on you, you will want to know that nothing will come between your kids’ education. Life insurance helps pay school fees for children whose parent had bought a cover after his or her death.

To pay off significant debts

Through life insurance policies as offered by Linda Dugan Insurance, in the event of death, the benefits can help the family members who are left behind clear big debts like mortgages which can be such a burden when one spouse or the family breadwinner passes on.

To help with burial expenses

The benefits that the family receives after the death of a partner or a parent can also be used to clear major medical bills and funeral expenses if the family cannot cater for them. The remaining portion of the money can be used to supplement the income of the surviving spouse till they coup with the needed economic adjustment.

Buy business share

After the death of a business partner, your life insurance cover pays a significant role in helping you keep the business afloat without selling it. You can use the money to buy his or her shares. It is worth noting that you can purchase a term life insurance cover or whole life cover depending on your needs and capability.












Get the right policy for your Recreational Vehicle

RV’s come in many shapes and sizes, and the insurance available on them is also varied.  Many automotive insurance polices can be extended to cover your recreational vehicles.  Linda Dugan Insurance, in Astoria, OR, can help you find the best policy to fit your situation.

RV’s can get very expensive, so it is a good idea to protect your investment. Generally liability coverage is standard, but for a lot of RV’s comprehensive and collision are also available. Contents coverage is also something to consider as well.

Motor homes are the largest type, but they usu ally have their own policy. To qualify as a motor home, the vehicle must have attached cooking appliances, refrigeration, bathroom, heating, a water supply system and standard electrical outlets.

Smaller campers, like popup campers, are towed by another vehicle and do not have their own power. To qualify these trailers must have a sleeping area and cooking facilities.

Homemade campers, which might be even smaller, would fall under another specialized policy.

If you are driving a motor home, you must have liability, just as you would with an automobile or any other self propelled vehicle.

It gets a little more complicated with trailers, but again liability coverage is always a good idea.  Comprehensive and collision coverage, as well as roadside assistance, are also options to consider.

Don’t just assume your automotive policy will cover the trailer it is pulling. Contact Linda Dugan Insurance in Astoria, OR to find out more about getting your camper or RV the coverage it needs. If you already have insurance with us, and are getting a new camper of any kind, come visit us to make sure your policy is up to date and that you have the correct coverage for your situation.

Homeowners’ Insurance Doesn’t Include Flood Protection

If you are in the market to purchase insurance protection for your home, it is important to note that flood protection does not come with your homeowners’ insurance policy. You must purchase a separate flood insurance policy to get the protection you need.

Flood Protection

If you live in or around Astoria, OR, you should know that you have options when it comes to protecting your home with insurance products. In addition to the protection you buy with homeowners’ insurance, you should also purchase flood insurance protection. Flood insurance covers instances and events such as floods caused by plumbing malfunctions and excessive flooding caused by storms. Without flood insurance, you leave your home and valuable at risk. Floods can happen unexpectedly, and if you don’t have the coverage you may stand to lose your home and its contents. In the state of Oregon, some lenders may also require you to have flood insurance depending on the area you live in and certain other factors such as elevation and proximity to bodies of water.

Obtaining Flood Insurance

When purchasing flood insurance, use a company that will help you get the coverage you need and explains all the terms and conditions completely. Linda Dugan Insurance serves Astoria, OR, and looks forward to helping you get the flood insurance protection you need. Call or stop by the office today to get more information on flood insurance and for pricing information.

Floods are one of the biggest hazards that homeowners’ face. It is important to know that homeowners’ insurance does not cover flood incidents. Protect your investment by obtaining flood insurance and give yourself peace of mind.

Essential facts about umbrella insurance

With an umbrella insurance cover from Astoria, OR, Linda Dugan Insurance, you get to protect you and your family from unexpected risks such as lawsuit charges or injuries caused to someone on your property. Once you visit our offices, our employees will be ready to listen and guide you in whatever thing you may need.
 We make sure you understand each and everything about our insurance options before you sign any contract with us. And as for the umbrella insurance option, below are some of the essential facts you will get to learn about.

How do you know if you need an umbrella insurance?
You need to conduct a risk assessment. What are the chances of you or your family members getting involved in a lawsuit? Or what is the probability of your friend or neighbor getting injured on your property?
Those are some of the questions you should ask yourself. For example, if you own a swimming pool or a vicious dog, the chances of someone getting injured on your property are high and you should, therefore, consider taking an umbrella cover.

What is covered by an umbrella insurance cover?
Some of the things covered umbrella insurance including but not limited to:
•    Boating and pool accidents
•    Accidents in your property
•    Wrongful eviction, defamation and libel lawsuits.
•    Critical car accidents
•    Lawsuit cost and legal fees required.
•    Injuries caused to someone by your dog
•    Expenses exceeding your auto and home insurance cover

You need to be very careful when getting this cover. Avoid taking a cover that is equal to your assets. Instead, get a cover that exceeds your assets because in most cases, we undervalue our belongings. Also, make sure you read all the terms and conditions which are usually in small print. With this in mind, you will be able to get the best out of umbrella insurance.

Linda Dugan Insurance which serves the people of Astoria, OR, is your caring insurance company. Our services are of high quality, and we are dedicated to giving you timely and reliable services. Contact us today or visit our offices for more information.

Health insurance coverage options with Astoria, OR, Linda Dugan Insurance

As the cost of living increases so does the cost of medical bills. You need to protect your family’s health by getting an insurance cover from a trusted company. With an insurance cover, you need not worry about the medical expenses when choosing a hospital for your loved one. All you will have to worry about is the choice of hospital.

At Astoria, OR, Linda Dugan Insurance, we are committed to giving you the best services. We understand that preferences and needs vary. For that reason, whenever you visit our offices, we always allocate you one of our well-trained employees to guide you through our coverage options so that you can make an informed decision.
Here is a glimpse of some of our health insurance coverage options

  •  Individual Health Cover

The individual medical cover is mostly designed for people who are unemployed or rather who don’t get health covers from their employers. Also, if you are self-employed, you stand to gain from this option as long as you meet the necessary requirements.

  •  Medicare Supplement Insurance

With a Medicare supplement cover from us, most of your medical expenses are covered. It covers even costs not covered by other health policies such as deductibles and copayments among more. Also, if you happen to travel out of USA, you still get health insurance from wherever you are.
Note, however: A Medicare cover does not cater for long term care costs.

  •  Supplemental Health Insurance

The supplemental cover helps cover unforeseen or unplanned costs related to health. For example, you may have to book a hotel or buy food and drinks as you wait for your loved one to get treated. Some of these costs may seem minimal or not worth insuring, but you can never be sure of what to expect.

With a health cover from Linda Dugan Insurance, you and your family are protected. Feel free to  Contact us today or visit our offices to get more information on the insurance options.


Discover the Protection of Life Insurance from Linda Dugan Insurance Serving Astoria, OR

Life insurance doesn’t have to be a scary topic. The professionals at Linda Dugan Insurance Agency can help you get the protection your family needs. In Astoria OR, families’ will need support if one or both spouses die unexpectedly. When you begin considering a life insurance policy, there are many questions that you need to consider. For instance, how will your family pay for your final expenses and any debts that you have? Would you like to set aside money for your child’s future education? Are there charities that you would like to contribute to? All of these considerations will play in your decision making process regarding the type of life insurance policy works best for your family and the amount of coverage that you need. Also, you need to remember that there will be estate taxes and inflation will impact your family.

There are several types of life insurance available. Term life insurance is designed to cover an individual for a specific period of time. The premiums can be cost effective and are often renewable. However, these policies don’t build a case value over time and can become more costly with each renewal. 

Whole Life Insurance policies cover an individual throughout their entire life. While the premiums will be higher than a term life policy, they will remain consistent as long as the policy is active. Whole life insurance policies also build cash value. This gives you monies that you can borrow against if you need to.

The team at Linda Dugan Insurance are ready to help with your insurance needs. Their work serving Astoria, OR has established their reputation as experts in the field. Protect your family today!

How Commercial Auto Insurance Can Help Save

Commercial auto insurance is a necessity for any employee or employer that requires regular driving for the job. This could be running errands, shuttling people, or dropping off deliveries. Often, employers will have commercial insurance already in place for their employees if there is a chance they can be driving for work. Aside from protection people and their belongings, commercial auto insurance is also able to save the policy holder some money each year on their taxes. 

For a business, there are many business expenses that can be deducted each year on taxes and commercial auto insurance happens to be one of them. The reason this is able to be deducted from your taxes is because the insurance policy is covering your business for any damages, liability, and losses that may be suffered as a result of an accident while driving for work. The premium that you pay for your commercial insurance is able to be deducted as long as you use the cost method when trying to determine auto expenses. If you take the standard mileage rate deduction on your taxes you will not be able to also deduct the premium for commercial insurance.

At Linda Dugan Insurance, we understand that for a business every dollar counts and we want to make sure you are protected. Proudly serving the residents of Astoria, OR, Linda Dugan Insurance can help find the right commercial auto insurance policy to fit your business and needs. The residents of Astoria OR can have peace of mind because they know their personal belongings and medical will be covered in the event of an auto accident while driving for work. Having commercial auto insurance help save business owners on taxes is even more of an incentive to purchase a commercial policy today.