Business Insurance 4 U

Business Insurance 4 U 

Quality & Low Priced Insurance for your Business & your Family

Patane' Insurance Agency 

951 992-1450 or 951 315-1057  

Fax: (888) 273-5688

24384 Sunnymead Blvd., Suite 150 Moreno Valley, CA 92553


The following is meant to be informational only, to provide generic knowledge about some types of insurance, and, in no means, is to be considered as an advise to purchase one type of insurance versus another, or be considered a legal statement or advise.
If you need to purchase insurance, your agent or broker is the person that can answer your specific and individual questions. If you have any doubt or questions, please contact your insurance professional.

Term Life Insurance
If you're looking for cost-effective insurance, you may want to start with a term life insurance. Term life insurance is usually less expensive because it only covers a set amount of time-such as 10, 15, 20, or 30 years. You choose the amount of time that you want your policy to cover you. During the term, your life insurance premium is guaranteed not to increase.  In case of your death during the policy period, your beneficiary receives a lump-sum payment, which was determined at the beginning of the policy (Face amount). You can usually convert your term life insurance policy into a permanent life insurance policy, without having to get another medical checkup.
If you live longer than the term life insurance policy you chose, you have the option to continue coverage for an annual, renewable premium, but usually the premium is much higher, and it increases every year.
Advantage and reasons to buy Term Life Insurance

  1. Term life insurance is usually fairly inexpensive.
  2. It is a very good choice for families especially if they have children, as it minimizes the stressful economic impact arising from the death of one of the family member who is usually a breadwinner.
  3. Many term life insurance policies will let you convert your policy to a permanent policy without need of medical exams.
  4. You can buy protection (life insurance)  for the time that you think you need, such as for as long as it takes for your kids to become financially independent.
  5. You can use a life insurance policy to protect anything that may be adversely affected by death of the insured, such as your home mortgage payments, etc. (pay off the mortgage in case of death)
  6. Finally, one great plus for buying life insurance protection, is that your beneficiaries won't pay taxes on the cash benefit.

If you are afraid that you may survive the life insurance term (20 years, etc.), and think that this product may not benefit you, then be happy, we all want to beat the odds, but… consider a term life insurance with Return of Premium. 

Term Life Insurance with Return of Premium is a policy that, for an additional cost, at the end of the term,  you will receive back the premium that you paid during the term of the policy, in case you survive the period (term) that you were insured.  Usually is a pretty hefty check, cash that is given back to you, money that you can spend any way you want.

How much life insurance would you need?

Usually the experts recommend approximately 7 to 8 times your annual income, but we recommend speaking to your insurance agent for a personalized advice:  
we, at Patane Insurance Agency, can help.  (951) 992-1450 or  (213) 261-5490

Permanent Life Insurance

Two things make Permanent Life Insurance different from term life insurance. 

  1. The policy is meant to last for the rest of your life (given that you make the required premium payments). 
  2. Part of the money you pay into your permanent life insurance policy is set aside in an account where it can grow cash value that you can tap into later on. 

There are several types of permanent life insurance, each with different advantages and options. Usually permanent life insurance costs a bit more than term insurance.

In conclusion, life insurance gives your loved ones financial security after you're gone. You pay a monthly premium, and if the unexpected happens, your loved ones get a death benefit they can use for things such as medical bills, funeral expenses, outstanding mortgage, college tuition and even living expenses.

You can feel confident today knowing your family will be secure with the life insurance policy that you choose if they ever have to make it on their own.

When talk to your agent, make sure that you ask as many question as you need to make the most intelligent decision for your situation.  
For more information on how to protect your family, please call us at 951 992-1450, or 213-261-5490,  ask for Sal or Rick.

Auto Insurance

Bodily Injury Liability (BI)

The law in your state requires that any vehicle on the road carry at least the minimum legal level of BI liability coverage, but you might want to consider purchasing a higher limit in order to protect yourself from possible lawsuit that may arise from an at fault accident. 

In case of an accident where you are at fault, if people are injured, Bodily Injury Liability coverage helps protect you from bills that can include:

  1. Emergency aid at the scene
  2. Medical services and expenses for bodily injury
  3. Compensation for loss of income
  4. Possible Funeral expenses
  5. Legal defense fees and/or bail bonds for anyone listed on your policy
  6. Other expenses not listed here

It can also protect you from being brought to court in order to pay for the above expenses.

Property Damage Liability (PD)

The law in your state also requires that any vehicle on the road, carry at least the minimum PD liability coverage required by law, but you might want to consider purchasing a higher limit in order to protect yourself from possible lawsuit that may arise from an at fault accident.

If another person's or driver's property is damaged in an accident that's your fault, Property Damage can help pay for the following:

  • Structural damage to homes, storefronts, etc.
  • Repair or replacement costs for other stationary objects
  • Vehicle repair or replacement costs
  • It can also help keep your assets safe in the event of a lawsuit resulting from a covered accident.

Other Coverage

Collision coverage helps pay for repairs or replacement to your car if you’re in a covered accident that involves other vehicles or stationary objects.

Comprehensive coverage helps pay for covered losses caused by natural disasters, theft, vandalism, or other similar events.

Un-insured/under-insured motorist coverage helps protect you if the covered accident was another driver’s fault and he/she either has no auto insurance, or not enough insurance to cover the expenses.

Medical payment coverage helps pay medical bills if you or your passengers are hurt in a covered accident. This option may also cover other members of your family when they’re driving the insured car.

Limits of insurance determine the maximum that your insurance company will pay when you make a claim for a covered accident.

Deductible is the amount of money that yow have to pay before the insurance will start to pay for the claim, up to the policy limits.