Stephen Lovecchio - Insurance Agency in Mandeville Louisiana - Life Insurance, Auto Insurance, Home Insurance Insurance in Mandeville Louisiana

Products and Services Available

Life Insurance

The Woodlands Life Insurance Group and Stephen Lovecchio:

Provides funds to pay off a mortgage at death.
Provides income replacement for a spouse. In making an insurance need analysis, we often forget or underestimate the dollar value of work done in the home by both husband and wife.
Provides funds for college education. Either at death, or, during life, policy cash values can help pay college costs. *
Guarantees funds to repay loans or other debts owed by the decedent. Life insurance proceeds provide cash to pay estate obligations and help provide the survivors with a debt free start.
Provides liquidity to pay death taxes and estate costs, thus avoiding the necessity of liquidating valuable assets to pay these expenses. Note that Federal Estate Taxes are due only 9 months after death.
Provides funds for an orderly transfer of a business interest at death. Business owners may have an agreement to buy the interest owned by a decedent, but lack the cash to pay for the decedent's share of the business.
Provides funds for a business at the death of a key employee. Insurance proceeds can be used to recruit, hire and train a replacement. The proceeds can also provide working capital to help offset financial losses due to the loss of the key person's services.

* Life insurance policy cash values are accessed through withdrawals and/or policy loans. Loans are generally not taxable. Withdrawals may be taxable under some circumstances. Unpaid loans and/or withdrawals will cause a reduction in the policy cash values and death benefits. Please consult with your tax advisor for advice regarding your particular situation.

How much life insurance do I need?

Motley Fool

Auto Insurance

Following is a partial list of some of the auto insurance companies we represent:

The Hartford
Kemper
Safeco
GMAC
Progressive
Met
Hagerty
American Mercury

Available Coverages with a Texas Personal Automobile Policy

Type of Coverage	Pays For	Covers	Required?
Liability (Bodily Injury & Property Damage)	Other people's medical expenses and auto repairs, attorney fees, and $250 bail in an accident you are charged with	You, your family, and others driving with your permission	By state law
Uninsured/ Under-insured Motorist	Medical and funeral expenses, car repairs, car rental and replacement of damaged contents if you are in an accident and the other party doesn't have insurance (25% of the drivers in Texas don't have insurance)	You, your family, and your passengers	No, but company must offer
Medical payments	Medical and funeral expenses (co-pays, deductibles...)	You, your family, and your passengers	No
Personal Injury Protection (PIP)	Medical and funeral expenses, lost wages, homemaker/ caregiver services	You, your family, and your passengers	No, but company must offer
Collision	Car repair or replacement after an accident	Your car, regardless of driver	By lenders
Comprehensive (Physical Damage other than Collision)	Car repair or replacement after fire, hailstorm, theft, or other non-collision event; rental car after theft	Your car	By lenders
Towing & Labor	Towing and labor charges when your car is disabled	Your car	No
Rental Reimbursement	A rental car if your auto is undergoing repair for covered damage	You and your family members	No

Homeowners Insurance

Following is a partial list of some of the homeowners' insurance companies we represent:

The Hartford
Kemper
Safeco
Texas Select
Fidelity
National
TWFG
ASI
Cypress Texas
Chubb

The majority of the homeowners insurance companies we represent do not pull your credit history.
If you have been told you only qualify for the Texas Fair Plan, give us a call, we will most likely have a better alternative.
Most home insurance policies only have $500 in coverage for all of your jewelry, watches, and furs - combined.
A surprising number of homes are either grossly under-insured or over-insured.