Click to Call Click to Text
Midwest Professional Insurance

4400 Shawnee Mission Pkwy
Suite 208, Fairway, KS 66205

Get Directions

Featured Insurance Blog

What to Do If Your Life Insurance Policy Lapses

At Midwest Professional Insurance, we can help you find high-quality life insurance and other policies that will help you manage various difficulties in life. But what happens if your policy lapses? Are you unable to reinstate it, or can you get your coverage back? Understanding your options here is essential to ensure you have great coverage. 

You Can Get a Policy Back When It Lapses 

Life insurance is a unique type of policy because it doesn’t have a pressing need. For instance, auto insurance must be valid every month and, if it lapses, you can experience issues getting another policy again. However, life insurance is a long-term policy and, if it expires, you can get it reinstated. The process varies on how long you wait, though.

If you try to reinstate your policy before 30 days have lapsed, you probably just need to fill out a new application, pay your premiums, and get your policy back in order. Between 30 days to six months, though, you typically have to answer health questions and sign documents stating that you’ve experienced no severe health changes. 

And after 90 days and up to five years, you likely have to get a new medical examination and take other steps to get your life insurance policy back. Most companies are willing to reinstate your policy as long as you provide them with information about your health that helps to verify that your old policy is still appropriate for you. 

Getting a Great Life Insurance Policy 

As you can see, it is vital to avoid lapsing with your policy. While you can always work to get it reinstated after it expires, the extra work is sometimes frustrating and annoying for many people. So please don’t hesitate to contact us at Midwest Professional Insurance to learn more.

How to Determine How Much Auto Coverage is Enough?

Trying to determine what auto insurance coverage you need can be like speaking a foreign language. Luckily the team at Midwest Professional Insurance can answer all of your questions. When deciding what coverage to carry, it is important to guarantee that you have not only enough to meet the minimum requirements of your state, but also that you’ve secured enough coverage that your personal finances will be amply guarded if you are in an accident. 

To determine your auto insurance coverage needs:

  • Find out what your state requires. Make sure you have all minimum requirements met.
  • Find out what the cash value of your car is and how much you owe on the vehicle. (This is integral particularly for Comprehensive and Collision coverage which are often not required by state law, but are usually required by lenders.
  • Figure out what your net worth is and how much liability insurance you would need to cover that full amount. For example, your state might only require a minimum coverage of $25,000 for a single person’s injuries, $50,000 for all injured parties and $25,000 for property damage (or 25/50/25) but if your vehicle itself is worth $30,000 this would be woefully inadequate coverage for you and you would be wise to purchase higher coverage amounts in order to make sure you are fully protected.

The level of coverage you carry will have an impact on your monthly premium and your deductible, so it is vital to take the factors mentioned above into consideration to decide what is acceptable to keep at a minimum and what you should bump up. The team at Midwest Professional Insurance is waiting to help you determine what level of coverage is right for you!

Why should I get a classic car insurance plan?

Most people will need to own a vehicle at some point to get around town. One particular type of vehicle that car lovers will want to own at some point is a classic car. There are typically vintage and rare vehicles that offer a significant amount of collectible value. As this can be a very major asset, protecting it with the right insurance is important. There are a few reasons that you should get a classic car insurance plan to protect this vehicle.

Insurance Will Protect Vehicle Value

An important reason people should get a classic car insurance plan is so they can protect the value of their vehicle. Classic cars continue to appreciate in value, which is different from most other cars that tend to lose some value each year. Due to this, you will need a specific type of insurance that will protect this unique value. A classic car insurance plan does provide support to ensure the collectible value is protected.

Liability Insurance

No matter where you drive your classic car, you need to have liability insurance. However, classic car owners do not typically drive their vehicles much each year. With a classic car insurance plan, you can get the coverage you need to stay protected while receiving a premium that reflects the reduced risk that comes with lower annual mileage. 

If you would like to get a classic car, speaking with a professional about your insurance needs is very important. As there are a lot of choices to make when you are looking for a classic car insurance plan, you should call Midwest Professional Insurance. The team with Midwest Professional Insurance can help you build a plan that provides the right coverage. They can answer all of your questions and ensure you are able to make an informed decision. 

Why renters insurance is important

As a renter, you may think you don’t need to have insurance to protect your rental. That is a mistake. If you are counting on your landlord to protect you, that is another mistake. At Midwest Professional Insurance, our entire team is dedicated to providing the highest level of customer service. We recognize insurance needs to provide the right coverage at the right price. We will work with you, listen to your questions, and address your concerns.

Just because you don’t own the residence where you live doesn’t mean having no insurance is a good idea. Renters insurance offers some valuable protection that can help you to protect what you have. 

Contents

Unless you are renting a fully furnished unit, you likely have quite a lot of personal possessions. Even if you don’t have furniture, everyone has electronics, which can be quite expensive to replace. A renters’ policy will cover your laptop or tablet even if it is away from your rental. Renters insurance covers you for damage due to things like fire and also from theft or vandalism.

Liability

If someone is injured while visiting your rental or by a member of your family, even a furry one, you could end up having to pay for medical bills. If someone decided to sue you, it could help with the legal fees and a judgment against you. 

Loss of use

If a covered hazard damages your rental, you will need somewhere to stay. With renters insurance, you will be able to stay in a hotel in the first days and a temporary rental unit if it will be longer. 

At Midwest Professional Insurance, we provide our customers with friendly and dedicated service. Give our office a call or stop in to talk to one of our team. 

What is Umbrella Insurance, And What Does It Cover?

The liability coverage in your home, boat, or auto insurance protects you up to a specific limit. However, when faced with significant claims, your current insurance plans could run out, leaving you exposed. When you find yourself in such a scenario, umbrella insurance from Midwest Professional Insurance is excellent for digging you out of this hole.

What is umbrella insurance?

Umbrella insurance is the extra liability protection that takes over when your current insurance plans’ limit runs out. Suppose you are involved in a significant auto accident, where you are at fault. Assume that your current auto liability coverage has a $30,000 limit for bodily damage. However, liabilities emanating from the accident may run to, let say, $50,000. Without umbrella insurance, you are expected to cover the difference of $20,000 from your pocket.

What does umbrella insurance cover?

Umbrella insurance safeguards against the below:

  • Bodily injury liability: Covers injuries sustained to third parties include a guest sustaining injuries on your premises or your dog biting a neighbor. 
  • Property damage liability: Pays for damages caused to other people’s properties. For instance, damage to another boat in a severe boating accident where you are at fault. 
  • Personal liability protection: The beauty of umbrella insurance is that it protects you against claims that aren’t covered by the base liability coverages. Umbrella insurance pays for the legal costs when you are sued against libel and slander. It also protects you against false arrest and malicious prosecution.

What does umbrella insurance exclude?

While umbrella insurance protects against several liabilities, it won’t protect you in the following instances:

  • Criminal or intentional acts
  • Injury to oneself
  • Damage to own property
  • Liabilities assumed under a contract

Would you want peace of mind by purchasing umbrella insurance? If yes, contact Midwest Professional Insurance today for a quote.

What is Boat Insurance And why Do You Need It?

If you are a boat owner, you already know how important it is to secure your boat. With all the investment you have put into it, it’s ideal for your boat to be adequately insured. Accidents do happen, and for your peace of mind, boat insurance comes in handy. 

What is boat insurance?

Boat/watercraft insurance is a policy that covers sailboats, motorboats, Jet Skis, and other water vessels against damage and liability in the event of an accident. Typically, when you get boat insurance from Midwest Professional Insurance, it will cover the below areas:

  • Collision damage: The policy covers any replacement or repairs in case of a collision.
  • Property damage liability: Pays for damage caused to another boat or any other third party loss.
  • Bodily injury liability: If someone else got injured by your boat in an accident, the policy covers legal charges and medical bills.
  • Comprehensive coverage: This policy covers your boat from fire, theft, vandalism, and other natural disasters stated in your policy.

Reasons why you need a boat insurance

Your boat insurance is as important as your car insurance. You are even at more risk on the water because of the many uninsured boaters. You may be careful, but you can’t protect your boat from careless and inexperienced boaters or, worse, the wrath that comes from nature.

That said, you need boat insurance to:

  • Secure your investment against damage or theft
  • Pay for injuries to others and damage to their property
  • Provide emergency assistance when stranded in the water

Even though it’s not mandatory to have boat insurance in your state, it’s important to obtain one for your peace of mind. This way, you will be at ease knowing that you, your boat, and your crew are protected. Not sure where to get boat insurance? At Midwest Professional Insurance, we delight in giving you that dependable boat insurance coverage. Call us today, and our team shall help you find a reliable boat or watercraft policy.

When is a Claim Worth Making on My Condo Insurance Policy?

Wondering if you should pick up the phone and call Midwest Professional Insurance to file a claim on your condo in Fairway, KS? Here’s how you can tell whether it’s worth it to make a claim:

  • Do the losses exceed the deductible? That is, do the losses exceed the deductible to the point that it’s worth the bump in your rates? If you’ve lost several thousand dollars in belongings, then certainly, there’s no reason not to make a claim. But if you didn’t lose anything besides a hundred-dollar microwave, it might not be worth it.
  • Have you made a claim recently? Home and condo insurance providers generally don’t expect to see any individual policyholder making a claim more than once every fifteen to twenty years or so. Making too many claims can leave a mark on your record that follows you from insurer to insurer. Making several in just a few years can even have your provider dropping your coverage.
  • Can you replace the items out of pocket? If you can comfortably cover the damages out of pocket, that might be the best way to go.

Insurance is essentially there to help us when a problem is too big to handle it ourselves. You don’t want to find yourself uncovered after a fire because you made five claims in one year over minor issues.

If you have any questions or you’re looking to get covered in Fairway, KS, get in touch with Midwest Professional Insurance and see what we can do for you. We’re here to provide condo owners with good policies at a great price.

A Thorough Overview Of Health Insurance

Midwest Professional Insurance offers coverage to the Fairway, KS community. We take time to assess each of our client’s situations to help them find a policy that suits their individual needs. We will help you protect your assets.

Health Insurance Overview

Health insurance allows you to live life a little more comfortably. The policy covers you when you need emergency care. Besides providing a safety net when you aren’t feeling well, health insurance is also an asset because you are covered when you go to the doctor for your routine checkups. Health insurance also covers you if your doctor prescribes medication to help you feel better. If you suffer a serious injury, health insurance can cover your rehabilitation. Your policy also provides coverage if you have to undergo an X-ray, MRI, or another type of test.

Be aware that your health insurance policy will include a network. The network will outline which doctors, hospitals, and pharmacies you are allowed to use for care. You do have the option to look for a hybrid policy that allows you to see the doctors you would like, whether they are a part of the network or not.

You can amend your health insurance policy to cover you as you undergo outpatient care services. If you are doing acupuncture or some other innovative treatment to help rehabilitate your injuries, you can amend your policy to cover the treatment. Your health insurance policy also includes yearly dental and vision checkups as a part of the preventative care coverage.

Midwest Professional Insurance Will Help You Find The Right Policy

Visit our website today to learn more information about health insurance.

 

When is the right time to buy life insurance?

Although the right time to buy life insurance can vary from person to person, depending on their family and financial circumstances, the younger you are when a policy is open, the more likely that you’ll qualify for the lowest premium, and the sooner your family is supported should the worst happen. Given that tomorrow is not guaranteed, life insurance provides invaluable benefits for your loved ones and those you list as a beneficiary by providing financial security and peace of mind after your passing. If you have substantial debt or are the primary income earner in your household, life insurance becomes even more important. 

Before any life insurance policy is underwritten, you’ll have to undergo an extensive physical medical exam. The older you are, the more likely it is that you’ll develop health problems that could hinder the ability to get a life insurance policy or increase the premium substantially. There are two main types of life insurance – term and whole life. Term life insurance covers you for a specific period of time – usually 10, 15, or 20 years. When deciding the policy’s term, you’ll want to consider how long your dependents will rely on your income. For instance, if you have young children that you anticipate attending college, then you’ll want a policy that covers their school-age years. Conversely, whole or permanent life insurance lasts the entire duration of your life and can accumulate significant value over time. Additionally, although the policy is more expensive, it does include a tax-deferred cash component that can be borrowed against if needed. 

At Midwest Professional Insurance, we’ll walk you through your life insurance options so that you can make an educated decision that’s best for you and your family. Give us a call today to learn more. 

Is basic auto insurance coverage ever enough?

Owning and driving a car is a privilege that most people take for granted. Your vehicle is a necessity to get to work and to run errands. Having good auto insurance means that you are protected if you are in an accident or your vehicle is damaged by something beyond your control. To understand if basic auto insurance coverage is ever enough, you need to understand what basic auto insurance coverage is. At Midwest Professional Insurance, we offer affordable and reliable insurance choices to those in Kansas, Illinois, and Missouri. 

In Kansas, the basic coverage every auto insurance policy must have is 25/50/25 liability coverage, which is $25,000 in bodily injury with $50,000 per accident and $25,000 in property damage. Uninsured/underinsured motorist of $25,000 and $50,000 and PIP (Personal Injury Protection) coverage. This is all valuable protection, and it covers the other motorist and yourself if you are injured, but it doesn’t cover your vehicle if you are responsible for the accident.

Basic auto insurance is enough if the value of your vehicle is minimal. If it is old or a clunker, you probably don’t need any additional coverage, but if you have a car with more than a few thousand dollars of value, collision and comprehensive coverage will make it possible to get your vehicle repaired or replaced. Comprehensive covers for things beyond just a collision, such as theft or damage due to a weather event or vandalism. If you need your car to get around, you probably should have more than just basic coverage. 

If you live in Kansas or the Illinois area, our team can help you find reliable auto insurance. At Midwest Professional Insurance, we are locally owned and operated. We strive to be a trusted choice who can help make sure you get the right insurance for your needs. Give us a call or stop into our office and let us provide a no-obligation quote. 

Servicing States

  • Kansas
  • Missouri
  • Colorado
  • Illinois
  • Idaho
  • Texas

Testimonials

Google reviews

Partner Carriers

  • Ace
  • Ace
  • American Modern
  • Bristol West
  • Chubb
  • Condon Skelly
  • Encompass
  • Foremost
  • Hagerty
  • Kemper
  • Liberty Mutual
  • Markel
  • MetLife
  • Nationwide
  • Progressive
  • Safeco
  • The Hartford
  • Travelers