This is something I hear on a very regular basis. Yes, I try to lower said rate whenever I am introduced and asked to help this situation. But what can I do? I can;
- Get proposals from 12 different companies
- review the coverage and make some suggestions
- advise you to take a defensive driving coverage
- give some ideas about how/when to pay to save money
- review your discounts
- help you make a plan
So that is five things I can do. Now what can you do;
- get proposals from the other twenty or so companies you can
This might be the toughest question I have to answer when it comes to insuring a home. Why? Because the reality is that at the time you start a policy, unless you just built the home, you really have no definite way of knowing this number. So here is my take; When in doubt always make sure you feel comfortable. Here are some things to do;
1. As an agent I use any public data I can get my hands on. This is combined with what you tell me then I input it into the company provided home replacement cost estimator. Out comes your homes replacement cost and per company policy you have to have this as your minimum level of coverage.
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But what will it cost to rebuild your home?
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I will admit two things;
1.I thoroughly enjoy advertising insurance companies do
2. I am generally disgusted by the advertising insurance companies do
So last week, like any other week, you and I get multiple pieces of insurance related advertising in our mail. You were also subject to countless radio and t.v. ads. Combine this with the multiple times you saw an ad while on the internet and it is practically inconceivable. How much advertising do you really need to do?
Each year my family packs up and heads to Cape May New Jersey for a week of fun with my in-laws, my wife’s brother and sister as well as their families. Now this is something we have been doing for years and have not really given any thought to insuring. See your homeowners policy has some coverage for you as does your umbrella policy if you have one. Also, realistically you cannot insure everything in your life sometimes you just have to live and deal with what may come up.
In the aftermath of Hurricane Sandy, and as part of the vehicle inspection process, you may identify cars that have sustained flood damage.
Here are some reminders on identifying possible flood damage. Please be sure to:
> Examine upholstery and carpeting closely; if it doesn’t match the interior or fits loosely, it may have been replaced. Discolored, faded or stained materials could indicate water damage.
> Look for signs of mud or silt on the exterior, including the wheel wells.
> Look for signs of mud, silt, water, or moisture on the interior, including the dashboard.
> Identify moisture, or water lines, in signal lamps.
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Good information on spotting vehicles that were damaged in a flood
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Yes, it is true that as of 11/11/12 I have been employed in the insurance industry for ten years. Of course I have learned an uncountable amount of information and a new lesson is learned or reinforced weekly if not daily. So to keep this a reasonable read I’ll pick 10 things that stand out.
1. Give all things a chance to work. Yes, your instinct is correct most, but not all ,of the time. In my case I stumbled into insurance having just finished a brief career in Football. I have yet to meet anyone that set out with the intention of working in Insurance but I have met a lot of people that did not give themselves a chance to be successful in insurance.
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10 lessons from 10 years in the insurance industry
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I had the privilege of getting an advance copy of The Impact Equation and loved it. Was honestly on the fence about Chris Brogan but since his Sunday Conversations and now this book I know why he is worth my time; because his ideas along with those of very few others will advance this economy to a new wonderful place. If you subscribe to new economy thinking of people like Seth Godin and Gary Vaynerchuck this should go right up there with what they have written. Here is the catch this book is worth way more if you actually use the book then just read it and enjoy it.
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Want to improve your world, start with reading this…
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Seriously has anyone ever paid for an insurance quote? I mean would you actually call a 1-800 number and pay for an auto insurance quote NO. Why the heck would you, you are in control. Without you these companies have no chance of survival so I cannot even imagine a day when you will have to pay for an auto insurance quote.
But despite this I would love to hear from anyone that can go a week without hearing an ad touting “get a free quote.” Where might you see this offer;
That by taking minimum coverage, $25,000/$50,000 in New York you are actually setting yourself up for higher rates.
That I tend to see this coverage more often from the company that does the most advertising.
That your low rate actual makes you pay higher coverage and in the event of an accident could hinder you financial for years to come.
The difference between minimum coverage($25,000) and better coverage($100,000) many times is about $5 a month.
That I cannot think of a circumstance that I would ever do this disservice to anyone. But then again I don’t provide quotes or promise you cheap insurance. Who wants to buy cheap things anyhow.
Let’ start with the typical two person household; You own vehicles so you have (1) auto insurance , whether you have a mortgage or not you are smart enough to own insurance for your residence (2)renters/home/condo/mobile home , you have also decided to by some extra liability insurance so you have an (3) umbrella policy. Now you also have other interests so you have insurance plans for your (4)boat, (5) atv (6) motorcycle (7) motorhome and (8) classic car .