We will be closed on Monday, September 3rd, for Labor Day. Please have a safe and fun weekend!
Everyone loves to save money. When you make modifications to your home, you should update your policy. This can be a big money saver. Today's tips come from Yahoo! (Here is the link for more information). These are just a few reasons that changes to your home can be a big help when premiums are due. Call the office if you need any updates.
1. You've remodeled. We want to make sure that the new bathroom (which doubles as an at home spa) is covered in case something should happen.
2. You've purchased a big ticket item. Items such as televisions or that Valentine's Day jewelry may need extra coverage.
3. You've improved the safety of your home. Who likes discounts? That's what we thought. Safety improvements such as security alarms could give you a discount on your policy.
4. You've had a lifestyle change. People usually have belongings. Kids who move out take their belongings with them. This means less to insure.
5. You've brought Fido or Fluffy home from the pet store. Policies may carry liability coverage for pets in case of litigation.
Once you've updated your policy. Remember to update your home inventory! Check out our post from August 13th.
Today's article comes from Business News Dailey. The article highlights a new study that 56 percent of employees estimate that they waste up to $750 a year on insurance costs. About one in four employees surveyed made mistakes in choosing the wrong level of coverage. Common mistakes include less knowledge of how their policy changed each year, choosing a higher deductible than necessary, or not using their flexible spending accounts as they should.
Are you prepared? Call the office for any questions. For the complete article, click here.
We've previously stressed on our website the importance of making a home inventory. In case of a burglary, fire, or another disaster, a detailed inventory of all valuables in the home can make the claims process move faster and more efficiently. Walk through the home, room by room and take a list of all valuables. It is important to look at your big ticket items and make sure you have enough coverage for them. Pictures and video are also helpful.
When it comes time to make and store that list, we recommend knowyourstuff.org. This is an online home inventory website from the Insurance Information Institute. Account members can access their inventory from anywhere; organize their home by room or categories, and upload pictures, receipts, and appraisals. There's even a section to store all of your insurance agents contact information. The best part is that it's free!
Be sure to get one completed as soon as possible. Call the office for any and all policy questions.
Today's article comes from The Wall Street Journal's Smart Money magazine. The article takes a look at the average increase in auto insurance rates from different types of traffic offenses. These numbers will vary on a case by case basis, but it is definately something to keep in mind on the roads!
For more reading, click here.
Call the office for more questions!
We all know that health insurance covers the typical trips to the doctor. But what other benefits are we starting to see through starting a policy? Some of these trends just might surprise you. Fox Business published an article yesterday on this very topic.
Procedures such as reconstructive surgeries (for injuries or genetic conditions), therapies ordered by a medical professional, and weight loss surgeries can be available through certain companies. Whether you are looking at health insurance for your family or your employees of your small business, take a look at some of the lesser known benefits included in some (but not all) health insurance policies.
Check out the article here:
John is our agent currently licensed in health insurance. Stop into the office to review your coverage or apply for a health insurance policy.
Previously, we have featured a home buying checklist and tips for auto claims. Here is a great checklist to fill out at the scene of an accident. Although we hope it will not have to be used, it is best to know that you have all bases covered from the beginning. Feel free to print this form from Foremost and place it in your car just in case.
What is one factor that can increase premiums? Fraud. It is estimated that fraudulent claims contribute to ten percent of losses each year. That means that loss can transfer to your premiums. This article from the Insurance Information Instiute outlines the majority of the topic. It is lengthy, so we will hilight some important facts.
-Healthcare, workers comp., and auto insurance are most vulnerable to fraud.
-The top three questionable claim type increases from 2010-2011 were duplicate billing (workers' comp.), inflated medical billing (workers' comp.), and hail damage (auto)
-From 2009, until 2011, these questionable claims have increased by nineteen percent.
-In 42 states, including Nebraska and Iowa, Insurance Fraud Bureaus have been set up to combat this rise in crime. This includes hard or soft fraud.
-Insurance fraud classified as "hard" would include acts such as an illegitamate claim. "Soft" is more opportunistic; including misrepresenting information in order to recieve lower premiums.
For the entire article, and more detailed information on the different types of insurance fraud, check out: http://www.iii.org/issues_updates/insurance-fraud.html
The trees are blooming, windows are open, and winter coats are safely tucked away for six months. This can only mean one thing, tornado season. We're quickly approaching the one year anniversary of the April 27th tornado outbreak which was classified by MSNBC as the "second deadliest in U.S. history". This article from SafeCo details tips on how to prepare for a storm such as which window systems are better if you happen to be replacing them this year. If you want to take a look at your home policy coverage, call the office!