Month: June 2025

How to Calculate How Much Life Insurance You Need

Posted on by AgentInsure

Choosing the right amount of life insurance isn’t just about picking a number—it’s about ensuring financial security for the people you care about. Whether you’re providing for a spouse, children, or aging parents, the goal is to leave behind stability, not uncertainty. So, how do you determine how much coverage is enough? Your representative at Fuhriman Insurance Agency, serving Boise, ID, can help guide you through the process.

Start With Your Income and Responsibilities

A good starting point is to multiply your annual income by the number of years your family would need support. Many experts recommend 10 to 15 years of income, but this figure can vary depending on your circumstances. If you have young children or significant debt, you may need more coverage. Consider how long your loved ones would require financial assistance to maintain their lifestyle.

Factor in Debts, Education, and Final Expenses

Life insurance can also help cover outstanding debts such as mortgages, car loans, and credit card balances. Add these amounts to your estimate, along with the cost of college tuition if you plan to support your children’s education. Don’t forget to account for final expenses—funeral and burial costs can easily reach thousands of dollars.

Consider Existing Assets

If you already have savings, investments, or other financial resources, subtract these assets from your total insurance need. The goal is to close the financial gap without overextending your policy unnecessarily. A licensed agent can help you calculate your needs accurately, eliminating guesswork and ensuring you’re not paying for more coverage than required.

Plan With Purpose

Calculating your life insurance needs isn’t about fear—it’s about thoughtful planning. With the right coverage in place, you can provide your family with something that lasts far beyond a paycheck: peace of mind. Contact Fuhriman Insurance Agency, serving Boise, ID, today to get started on securing your family’s future.

Why Accurate Business Descriptions Matter on Your Insurance Policy

Posted on by AgentInsure

When it comes to commercial insurance, the details truly matter—especially the way your business is described on your policy. It might seem like a small detail, but having an accurate business description can make the difference between smooth claims processing and a major coverage issue. At Fuhriman Insurance Agency in Boise, ID, we’ve seen firsthand how the right language can protect your business effectively.

Why Your Business Description Matters

Your business description isn’t just a formality—it’s how your insurer understands what you do. Whether you’re a general contractor, a catering company, or a boutique marketing firm, the way your operations are defined determines what risks are covered and how your premiums are calculated. If the description doesn’t match your actual operations, you could end up paying too much—or worse, not being covered when it matters most.

How Misclassification Can Complicate Claims

Imagine filing a claim after a loss, only to discover that your policy doesn’t technically cover your type of work because it was misclassified. Unfortunately, this situation happens more often than you might think. Insurance companies rely on business descriptions to assess risk and determine if a claim is valid. An inaccurate or vague description can delay the claims process or even result in a denial.

Keep Your Policy Clear and Up-to-Date

Businesses evolve over time. Maybe you’ve added new services or shifted your focus. It’s important to review your policy regularly and update your business description whenever changes occur. Keeping your policy accurate ensures that your coverage aligns with your current operations.

If you’re unsure whether your current commercial policy accurately reflects your business, the team at Fuhriman Insurance Agency in Boise, ID is here to help. Contact us today to ensure your coverage matches the work you do, so you’re protected no matter what challenges come your way.