Selecting the Right Insurance Policy

Choosing a health insurance plan can be complicated.

8 common insurance policy types to consider.

It's always best to make sure you have all the right policies to protect yourself, your family, and your way of life. Understanding each type of insurance and how it can benefit your lifestyle can help guide you in the decision making process.

Life Insurance

Life insurance is a designated contract between an insurance policy holder (the Insurance Comapny) and an insurer or assurer (You, your spouse, or children), where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (the policy holder). Depending on the contract agreements, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses, such as funeral costs, can also be included in the benefits from the life insurance policy. The exact coverage will depend on the policy type and the insurance holder's policy offerings.

Health Insurance

Why Do I Need Medical Coverage?

Health insurance is now the law. The Affordable Care Act commonly referred to as ACA or Obamacare, mandates that all citizens carry some type of medical care coverage. In addition, medical costs are soaring, and don't show signs of slowing down. Who pays your bills when you have an accident or illness? People purchase health insurance for the same reasons someone would buy any other kind of insurance product, to protect yourself financially. With health insurance, you can protect your family in case you need care that can be very expensive. No one can predict what medical bills you might incur. In good years, your out of pocket expenses may be insignificant. But in the event you become sick, your bills can become overwhelming. If you do carry health insurance, then many of your bills would be covered by a third-party payer, and not by you. Besides an insurance company, a third-party payer can also be your employer.

Auto Insurance

For most Americans auto insurance is a very expensive purchase. To make an informed decision you should learn as much as you can about the underwriting factors that affect the cost, the different amounts of coverage available, the requirements in your state, and about what insurance companies have the best rate for you.

Business Insurance

Your Company Is Important

Your business deserves the protection a Williams Insurance agent can provide. Knowledgeable staff can quickly and easily walk you though choosing the coverage that is right for you. Protect yourself from loss to your business property, employees and commercial assets. Williams Insurance Fullerton offers commercial insurance coverage options tailored to protect your business in case of an injured employee, unforeseen accidents and possible natural disasters—including protection for damage to your property, coverage for your legal liability, commercial auto, employment practices risks, loss prevention and many more.

Our specialized coverage options allow you to design a policy that fits, including cyber liability and data breach expense, equipment breakdown coverage and employment practices liability. Today's evolving risk requires creative tools and professional advice.

Remember, as your business grows, your coverage needs may evolve over time. Reviewing your policy with your professional independent agent at Williams Insurance, can help you discuss potential gaps so you can select the coverage that you want and protect your business.

Homeowners Insurance

A good home insurance policy should cover your home against all conceivable risks to the amount set as the policy limit at the time of purchasing the plan. The choice of either insuring a home and its belongings for the Actual Cash Value (ACV) also known as the market rate or for the replacement costs is at the discretion of the policyholder. Replacement cost covers the cost of replacing your property or rebuilding your home without factoring in depreciation, whereas with actual cash value cover insurer takes into account depreciation when compensating. It is recommended that you insure at 100% of the replacement cost, however, most insurers require homeowners to cover at least 80% of the replacement cost, any plan with a lower percentage is subjected to a coinsurance penalty.

The two main types of home insurance policies are; the open (or all risks) plan and the standard or named perils homeowner's policy. An all risks plan covers losses incurred due to any risks except for specific perils set apart by the insurer. The standard homeowners policy covers losses due to perils listed in the policy such as fire or windstorm causing direct physical losses whereas the all risks policy entail a broader coverage.

Homeowners are not restricted to seek coverage only within the confines of the policy package, endorsements or floaters or riders are availed by insurance companies to modify your package and fit your risk exposures.


Medicare refers to a health insurance policy for:

  • Individuals aged 65 years and above.
  • People with particular disabilities and aged below 65 years.
  • Persons who are suffering from End-Stage Renal Disease (requiring a kidney transplant or dialysis due to permanent renal failure).

The original Medicare Program Incorporates Two Parts:

Medicare Part A (Hospital Insurance)

Helps cover Inpatient care in a hospital, Inpatient care in a skilled nursing facility, Hospice care, and Home health care.

Medicare Part B (Medical Insurance)

Covers physician services, laboratory services like blood and urine tests and outpatient services like physical therapy.

Restaurant Insurance

Running your restaurant can be enough of a challenge without worrying about things like lawsuits, loss of income or property damage. Having the correct restaurant insurance can help alleviate these worries and let you focus on your service and food. The restaurant industry faces a large range of risks, but each restaurant is unique.

Typical restaurant policies are written on a BOP (Business Owners Policy) and often include coverages such as:

  • General Liability Insurance
  • Worker's Comp Insurance
  • Property Coverage
  • Identity Theft Insurance
  • Valuable Papers Coverage
  • Loss of Income Insurance

Recreational Insurance

Home is where you park it.

Whether you have an RV, a luxury travel trailer, a motor home, or a pop up camper, whether you tow it or drive it, regardless of whether you are a newbie or a full-time adventure seeker Williams Insurance will help build a custom policy that fits each unique travel style. Perfect for your weekend adventure seeker and your road trip warriors. This will protect your RV while you are driving or parked, protecting your RV both inside and out. You can obtain coverage for accidents, your personal belongings inside your RV, and injuries that happen wherever your RV is parked. Don't worry if your not sure exactly which RV coverage you need, let a Williams Insurance expert customize the right policy for you!


We can help with any of your insurance needs, providing personal, commercial, life, and health insurance policies and advice.

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