Otter Valley Insurance & Real Estate, Inc., is your complete insurance and real estate source serving the greater Sioux City, IA, and surrounding communities such as George, Little Rock, Ashton, Rock Rapids, and Matlock. Founded in October of 1994, we offer full lines of insurance and a full service real estate brokerage. Please call us today for more information.
Services/Products
Real Estate Service and Full Line Insurance Agency.
It’s important to have the right auto coverage. That means knowing and understanding the insurance contract details. Because there are a number of coverages in even the most basic auto policy, we’ve provided a brief explanation of certain key coverages below.
(Renters insurance doesn’t include the first two coverages listed: dwelling and other structures protection, because technically the policyholder doesn’t own the dwelling they reside in.)
Home Insurance
Like any industry, insurance has some terminology all its own. When people in the business talk about insurance, they usually use two important terms: “Peril” and “Risk.”
Life insurance is an essential part of the financial planning process. This is especially true if dependents rely on you financially. The main reason people buy life insurance is to replace the income that would be lost with the death of a wage earner. The life insurance proceeds can also help ensure that your dependents are not burdened with significant debt upon an insured person’s death. These proceeds could mean your dependents won’t have to sell assets to pay outstanding bills or taxes. An important feature of life insurance is that death benefits are not subject to federal income taxes, and, if set up properly, it can be estate tax free when desired.
Health Insurance
Medical Insurance pays the large expense that can be incurred when you or a family member, see doctors, go to the hospital, or seek other costly medical services. Medical insurance allows you to obtain high quality medical care without severe financial hardship to your family. If you have assets, or intend to have assets, those assets can be largely taken away if you run up large medical/hospital costs. Medical insurance insures your assets and your access to good medical care. Listed below is a brief description of the major types of medical insurance.