Coverage for Natural Disasters: Information You Should Know

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Given the headlines of recent natural disasters, it’s crucial to remain connected even in cases when conventional solutions fall short. When you are without Wi-Fi or cellular connection, the new iPhone iOS18 update—available on iPhone 14 and later—as well as some Android phones now let you connect via satellite phone. When alternative means of contact are lacking in an emergency, this function can literally save lives.

Apart from keeping in touch, this is a good moment to check what your insurance covers and how you could guard yourself from unanticipated events. Whether it’s hurricanes, floods, wildfires, or even earthquakes, knowing your insurance coverage will help you to recover from a disaster far more effectively.

Coverage included in Standard Homeowners Insurance

Most basic homes insurance policies provide defense against a range of hazards including fire, windstorms, and hail. Certain typical natural disasters, however, might not be covered and include:

• Floods: Generally speaking, regular homeowners insurance does not cover flood damage. Either a private insurer or the National Flood Insurance Program (NFIP) may provide a separate flood insurance coverage.

• Earthquakes: Most insurance exclude damage caused by earthquakes, much as by floods. Getting earthquake insurance makes sense if you live in an area likely to experience earthquakes.

• Hurricanes: While storm surge damage may not be covered, wind damage from hurricanes is often. Your coverage should clearly distinguish between wind and flood damage.

Knowing Deductibles for Natural Disaster Coverage

Special deductibles for some natural disasters are included into many insurance policies. For instance, rather than a set number, hurricane deductibles are sometimes computed as a percentage of the insured value of your house. Knowing the particular language of your insurance can help you to be ready should a calamity hit.

Review and Update Your Coverage:

Reviewing your policy now is a good moment. Review the following actions:

• Sort or update a list of your personal items. Should you suffer a loss, this will simplify the claim-making process.

• Make sure your policy limitations accurately represent the worth of your house and possessions today. Underinsurance can cause you major out-of-pocket costs.

• See your insurance agent about adding suitable coverage if you live in a region likely to floods, earthquakes, or another excluded calamity.

Get ready before a disaster strikes.

Although insurance serves as a crucial safety net, you may guard your house and family against natural disasters by acting ahead of time:

Make sure your house has a well-stocked emergency kit with basic supplies, first aid tools, and critical paperwork.

• Strengthen Your Home: Make little changes to help reduce damage, including locking bulky furniture or reinforcing doors and windows.

• Know Your Evacuation strategy: Create a family strategy for an emergency and familiarize yourself with nearby evacuation routes.

We’re Here to Assist.

 

Holiday Home Safety Tips for a Joyful 2024

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The holiday season is a time for warmth, joy, and celebration. But amidst the festivities, it’s also important to keep safety top of mind to ensure your home and loved ones are protected. Here are some essential holiday home safety tips for 2024.

  1. Decorate Safely

Twinkling lights and festive decorations are wonderful, but safety comes first. Check all holiday lights for frayed wires or broken bulbs before hanging them up, and be sure to use indoor lights only indoors and outdoor lights outside. Always turn off lights before going to bed or leaving the house to reduce fire risk.

  1. Keep Your Tree Safe

If you’re using a real tree, make sure to keep it well-watered. A dry tree can become a fire hazard, especially with hot lights or candles nearby. Place your tree away from heat sources like fireplaces or space heaters, and if you opt for an artificial tree, ensure it’s labeled as flame-resistant.

  1. Mind the Kitchen

The kitchen is often the heart of the holidays, but it can also be a danger zone. Never leave cooking food unattended, especially when using the stove or oven. Keep flammable items—like towels and oven mitts—away from the cooktop, and make sure to have a fire extinguisher within easy reach.

  1. Be Cautious with Candles

Candles add a warm glow to holiday gatherings, but they also pose a fire risk. Place candles on stable surfaces away from children and pets, and never leave them burning unattended. Consider switching to battery-operated candles for a safer alternative that still brings that festive glow.

  1. Protect Against Break-Ins

The holidays can also be a prime time for break-ins. Keep your doors and windows locked, and avoid displaying expensive gifts where they can be seen from outside. Consider setting up a smart security system or using timers for lights to make your home look occupied, even when you’re out celebrating.

  1. Monitor Outdoor Safety

If you’re expecting guests, make sure walkways are clear of ice, snow, or any tripping hazards. A little salt on the steps can prevent slips and falls, keeping your holiday visitors safe and sound.

By keeping these simple safety tips in mind, you can focus on what matters most—spending time with your loved ones and creating unforgettable holiday memories. Here’s to a joyful and safe holiday season in 2024!

Wishing You a Happy and Safe Holiday Season!

Tom and Harry at the Coffee Shop: High vs. Low Deductibles

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Tom: Harry, I don’t understand why you’re still sticking with that low deductible. It’s like paying extra for nothing. I’d rather keep more of my money, thank you very much.

Harry: Oh, sure, Tom, just keep tempting fate. You’re betting on never having a claim. I prefer to sleep well at night, knowing if something happens, I’m not dropping half my savings to fix it.

Tom: Yeah, but that’s the thing—you’re paying that insurance company monthly just for that peace of mind. I mean, think about it. With a higher deductible, my premium is way lower. I’m saving money every month. Plus, it’s not like I’m planning to have an accident.

Harry: Right, because we all plan our accidents. I get it, you’re Mr. Optimistic. But what if your car ends up wrapped around a pole one day? What happens then, huh?

Tom: That’s when my secret weapon comes in—an emergency fund, Harry. I’ve got some cash set aside, just in case. So, if something does happen, I’m ready for it. Until then, I’m not handing over my hard-earned money for no reason.

Harry: Emergency fund, huh? It must be nice—some of us would rather avoid wiping out our savings. Besides, it’s not just about cars. What if your house floods or something?

Tom: Oh, come on, my house is up on a hill! The only flooding we’re dealing with is when my kids leave the garden hose running. But I get your point. Look, it’s not like I’m against coverage—I think having a higher deductible is a smarter way to save. Over time, the difference in premiums adds up. And it’s not like I’m flying blind—I talked to my insurance agent about it. They helped me figure out what made sense based on my finances.

Harry: Yeah, yeah, I talked to my agent too. They actually told me a higher deductible can make sense—if you’ve got the resources to cover it when things go sideways. But personally, I’m not taking any chances. I’d rather keep my deductible low and my stress even lower.

Tom: And that’s fair, Harry. At the end of the day, it’s all about what you’re comfortable with and what you can afford. That’s why talking to an agent is so important—they’re the ones who can help you weigh it all out.

Harry: I’ll give you that one, Tom. It’s like a choose-your-own-adventure book—you just have to know which chapter makes the most sense.

Tom: Exactly! So whether you’re the risk-averse type like Harry or a risk-tolerant maverick like me, the right place to start is with your agent. They’ll help you decide whether high or low deductibles are right. It’s all about finding that balance.

Harry: And, of course, figuring out which one of us gets to buy the other a coffee with all that “savings.”

Tom: Ha! Now that’s a deductible I’m willing to pay.

 

Personal Insurance Planning

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2025 is around the corner, here and now is the best time to think about your personal insurance program. When was the last time you reviewed your insurance coverage? The start of the New Year is a great time to review your personal insurance. Most of us know that major life events can make it necessary to update our insurance coverage. But did you know that even subtle changes can have an impact on your financial needs and plans?  Call our office today, and we can help you find the right combination of coverage and price.

Insurance resolutions

  • Review my insurance to make sure I have the right coverage
  • Take the time to read my insurance policies
  • Do I need to insure any Christmas gifts; jewelry, guns, ATV, boat, etc?
  • Do I have enough life insurance?
  • Get a quote for flood or earthquake insurance
  • Combine my auto and home insurance to save money
  • Complete a home inventory to ensure my property values are correct
  • Consider purchasing or increasing my umbrella coverage

Have I experienced any of these changes? It may impact your insurance

  • Bought or sold a car
  • Changed your marital status
  • Do you work from home?
  • Bought a boat, RV or ATV
  • Change of address
  • Welcomed a new baby into the family
  • Major inheritance
  • Have a new teen driver in the family

 

Home Insurance Companies Limiting Coverage on Older Roofs

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What You Need to Know

As a homeowner, it’s essential to understand the limitations of your home insurance policy, especially when it comes to older roofs. Many insurance companies are now limiting coverage or requiring additional inspections for homes with roofs nearing the end of their lifespan, especially those located near tree lines.

Why are insurance companies taking this stance?

Older roofs are more prone to damage and leaks, leading to costly repairs and claims. Trees nearby can also increase the risk of damage from branches and debris. Insurance companies aim to mitigate these risks by limiting coverage and encouraging homeowners to take proactive steps to maintain or replace their roofs.

What does this mean for homeowners?

If you own a home with an older roof, especially one near a tree line, it’s crucial to review your insurance policy and understand the limitations of your coverage. You may need to:

  • Schedule an inspection with your insurance agent to assess the condition of your roof
  • Consider replacing your roof to ensure adequate coverage

Don’t wait until it’s too late!

Contact your insurance agent today to review your policy and discuss your options. We can help you navigate the process and ensure you have the right coverage to protect your home and your investment.

Top 3 Trending Insurance Issues Facing People in 2024

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As we move through 2024, insurance trends are shifting in response to evolving risks, market conditions, and consumer needs. Whether you’re managing personal finances or securing your family’s future, these top three trending issues can have a big impact on how people interact with insurance this year.

  1. Rising Costs of Health Insurance

Health insurance premiums continue to rise, with inflation and increasing healthcare costs being major contributors. For many individuals and families, finding affordable coverage has become increasingly challenging. Factors such as advances in medical technology, higher prescription drug costs, and more frequent claims are driving up premiums.

What Can You Do?

  • Consider high-deductible health plans combined with health savings accounts (HSAs) to manage costs.
  • Stay informed during open enrollment periods to ensure you are getting the best deal available.
  • Take advantage of wellness programs or incentives offered by insurers to reduce premiums.
  1. Underinsurance and the Increase in Liability Judgments

Personal and business liability judgments are climbing to record highs, leaving many people dangerously underinsured. As litigation becomes more frequent and settlement amounts increase, many are finding that standard insurance policies may not provide adequate coverage, especially when facing large claims or lawsuits.

What Can You Do?

  • Review your current liability coverage to ensure it meets your needs.
  • Consider adding personal umbrella insurance or increasing the liability limits on existing policies to protect yourself from costly legal judgments.
  • Small business owners should reevaluate their business liability policies, ensuring that they have sufficient protection against lawsuits.
  1. Cybersecurity Threats and the Need for Cyber Insurance

With more personal data stored online and an increase in cybercrime, individuals and businesses alike are recognizing the importance of cyber insurance. Whether it’s protecting personal identities or safeguarding sensitive business information, cyber insurance has become a growing need as cyberattacks are expected to rise throughout 2024.

What Can You Do?

  • Look into personal identity theft protection or cyber liability policies to cover potential losses from hacking, fraud, or data breaches.
  • For business owners, it is crucial to ensure that your cyber insurance policy covers ransomware attacks, data restoration costs, and legal liabilities.
  • Implement stronger cybersecurity practices, such as multi-factor authentication and regular software updates, to mitigate risks.

Staying ahead of these trending insurance issues can help you make better decisions and ensure you have the right protection in place. Whether it’s navigating rising health costs, securing adequate liability coverage, or safeguarding against cyber threats, 2024 is the year to review your insurance policies and ensure you’re prepared for the future.

The Role of an Insurance Agent in Today’s Insurance Buying World

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In today’s fast-paced and increasingly digital world, the way people purchase insurance has evolved. While many consumers rely on online platforms to compare and buy policies, the role of an insurance agent remains crucial. Insurance is more than just a commodity—it’s about finding the right coverage to protect assets, mitigate risks, and provide peace of mind. Here’s how insurance agents continue to play an indispensable role in the insurance buying process today.

  1. Personalized Guidance and Expertise

One of the key benefits of working with an insurance agent is the personal touch they bring to the buying experience. Navigating the complexities of insurance policies, coverage options, and fine print can be overwhelming. Insurance agents provide professional expertise and personalized advice that is tailored to each client’s unique needs.

How Agents Help:

  • They take the time to assess your specific risks and lifestyle to recommend coverage that best suits you.
  • Agents can answer complex questions and help you understand the nuances of different insurance products.
  • Their guidance ensures that you’re neither over-insured nor under-insured, offering the perfect balance of coverage and affordability.
  1. Assistance with Claims and Policy Management

Beyond helping with the initial purchase, insurance agents play a critical role in managing claims and policy updates. Filing claims, understanding deductibles, and handling policy changes can be challenging, but agents are there to navigate these processes smoothly.

How Agents Help:

  • They act as advocates on your behalf when filing claims, ensuring that you get the support and compensation you deserve.
  • Agents provide ongoing service, helping you adjust your policy as life circumstances change—whether it’s buying a new home, adding a family member, or updating your business coverage.
  • They ensure that your coverage evolves as your needs change, providing peace of mind that your assets are protected year after year.
  1. Access to a Broader Range of Insurance Options

Unlike purchasing insurance directly from a single provider, insurance agents often work with multiple carriers, which allows them to offer a broader range of products and options. This advantage is especially important in today’s market, where competition among insurers can lead to better rates and more tailored policies.

How Agents Help:

  • They have the ability to compare different policies and providers to ensure you get the best deal.
  • Agents are skilled at negotiating premiums and can often find discounts or bundled packages to save you money.
  • By presenting multiple options, they empower you to make informed decisions about your coverage.
  1. Building Long-Term Relationships

In today’s digital world, it’s easy to feel like just another number when buying insurance online. However, agents invest in long-term relationships with their clients, often becoming trusted advisors. These relationships are especially important as life changes—whether you’re purchasing a new vehicle, starting a business, or planning for retirement.

How Agents Help:

  • They offer continuous, proactive support to ensure that your insurance evolves with your life.
  • Agents build trust through personalized service, providing peace of mind in knowing you have a reliable professional in your corner.
  • A strong relationship with your agent can simplify insurance management, reducing stress and saving you time.

Despite the rise of digital insurance platforms, the role of the insurance agent remains invaluable in today’s world. Agents provide personalized expertise, guidance during claims, access to multiple insurance options, and long-term relationship management that can’t be matched by a website or algorithm. Whether you’re buying your first policy or reassessing your coverage needs, working with an insurance agent ensures you have a trusted partner dedicated to protecting your financial well-being and future.

 

The Future of The Automobile

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Automobiles are continuously evolving, whether we are ready for it or not.

While some people may still prefer to own and drive their vehicles, the emergence of self-driving cars is set to change the landscape of both commercial and private transportation. As autonomous vehicles become more common, consumer preferences are likely to shift. But what does this mean for auto insurance?

The future of the industry is still uncertain, though several predictions have been made.

Prediction 1: Privately Owned, Driver-Operated Vehicles

Despite technological advances, many people will likely continue to prefer owning and driving their own cars.

There are several reasons why people might stick with traditional vehicles. These include convenience, safety, privacy, flexibility, and the sheer joy of driving. The tactile experience of controlling a vehicle is powerful and appealing.

In this scenario, auto insurance would largely remain the same. The vehicle owner would be the primary insured person, and the policy would cover standard protections like driver liability, collision, and comprehensive. This is considered the most conservative prediction for the future.

Prediction 2: Driver-Operated Shared Vehicles

Consumer interest in shared vehicle services has been growing. Companies like Uber and Lyft have become major players in the transportation sector, driven by the economic and convenience benefits they offer.

In this model, the vehicle could be owned by either a company or an individual. Standard insurance coverages such as comprehensive, liability, and collision would still apply. Even with autonomous vehicles available, owning a shared, driver-operated vehicle could be seen as a more prestigious option due to its higher cost.

Prediction 3: Privately Owned Autonomous Vehicles

Current developments show that autonomous technology is practical, safe, convenient, and affordable. Nevertheless, private ownership might still prevail.

Many consumers are drawn to autonomous vehicles for their safety and reliability but may choose to own them for convenience and the pride of ownership.

In this future, a new insurance product, potentially called “personal autonomous vehicle insurance” or “AV coverage,” would be necessary, according to Deloitte. The owner would need comprehensive and liability coverage, while the manufacturer or operating system provider would require a commercial policy that includes AV product liability.

 

Prediction 4: Shared Autonomous Vehicles

The merging of shared mobility and autonomous technology could lead to this future scenario.

Companies like Uber and Lyft might operate fleets of autonomous vehicles, likely first adopted by urban residents who typically don’t own private cars.

As shared autonomous vehicles become more common, they could expand into suburban and rural areas.

In this case, commercial AV vehicle insurance would cover all parties involved. Companies owning the fleets would need comprehensive and liability insurance, and the system provider would likely require a commercial policy covering AV product liability.

No matter what the future holds, it’s clear that auto insurance will need to adapt. The integration of new technologies into the longstanding insurance model is inevitable.

If shared autonomous vehicles gain widespread popularity, there could be a significant shift in the balance between personal and commercial auto insurance policies, potentially lowering costs for consumers by shifting more liability to large transport and manufacturing companies.

Only time will tell what the future of auto insurance in the United States will look like, but one thing is certain: technological advancement will continue.

 

Understanding the Insurance and Safety Concerns Surrounding Electric Bikes

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Electric bikes (e-bikes) have surged in popularity due to their convenience, eco-friendliness, and ease of use. However, as their presence on roads and trails increases, so do the associated insurance and safety concerns. We recommend you review these issues with your insurance agent to make sure you are covered correctly.

  1. Safety Issues

E-bikes can travel at higher speeds than traditional bicycles, which increases the risk of accidents. Riders may also be less familiar with handling an e-bike’s weight and power, leading to potential crashes, especially in congested urban areas. Wearing helmets, adhering to local traffic laws, and ensuring the bike is well-maintained are crucial for rider safety. Moreover, some cities have started implementing specific regulations for e-bike usage to address safety concerns.

  1. Insurance Considerations

Insurance for e-bikes is not as straightforward as it is for cars or motorcycles. Homeowners or renters insurance policies may cover e-bikes, but often with limitations or exclusions, particularly for higher-end models. Riders should consider separate e-bike insurance policies that cover theft, damage, and liability in case of accidents involving other people or property. These specialized policies are becoming more common as e-bike usage increases.

  1. Liability Coverage

Liability coverage is particularly important for e-bike owners, as accidents involving pedestrians or other vehicles can result in significant legal and financial repercussions. Without proper coverage, e-bike owners may find themselves personally responsible for damages or medical costs, which can be financially devastating.

  1. Theft and Damage Protection

E-bikes are attractive targets for thieves due to their high value. Standard home insurance policies may offer some protection against theft, but often with limitations on the coverage amount. Riders should invest in high-quality locks and consider policies that offer full replacement value in the event of theft or damage.

  1. Emerging Regulations

As e-bike popularity grows, so do the regulatory frameworks governing their use. Riders must stay informed about local laws, including where e-bikes are permitted, speed limits, and helmet requirements. Understanding these regulations not only enhances safety but also ensures compliance with legal standards, which could impact insurance claims.

While e-bikes offer an exciting and environmentally friendly mode of transportation, they come with unique safety and insurance challenges. Riders should invest in appropriate insurance coverage, prioritize safety, and stay informed about evolving regulations to protect themselves and others. Properly addressing these concerns will help ensure that the e-bike experience remains positive and secure for all involved.

 

Why Low Price and High Value Can Be a Contraction in Terms

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Shoppers are always looking for that next big sale or deal. When it comes to purchasing a 46” HDTV, it is easy to identify all the features you want, and then shop for the best price.  In fact, many retailers might even negotiate with you to get your business. When selecting your insurance, you cannot think the same way.  Why?

  • Insurance can never go on sale, it is highly regulated.
  • Consumers rarely have complete information about various insurance products.
  • Consumers may believe that “popular” or advertised products are high in quality.

Let me clarify that high-priced insurance does not always equate to a better value.  However, if you purchase the low-priced insurance policy are you satisfied that all the coverage terms are consistent with a higher-priced one?  A better way to look at this is to consider the value of what you are buying.  Here are some of the value-added advantages you will find in insurance if you do a little searching.

What makes up a high-value insurance program?

  • An insurance policy that will respond to your risks when a loss occurs.
  • The extra services offered by the insurer at no cost to you.
  • The knowledge and expertise of the agent. The agent is your key to a high value advantage. The agent is the one who helps you identify your risks and designs a policy specifically for you.  The agent will be there to help you manage a claim and to educate you.
  • Your agent increases your insurance value by helping you understand why the premiums are different.

Value is more than price.

There are also non-price variables that every insurance purchaser should consider.

  • The agent’s experience in your industry. Do you want an agent who primarily only insures homes to insure your restaurant?  These risks are different and should be treated as such.
  • Insurance companies have customer satisfaction ratings for claims, premium processing, and other services. Do you want to use an insurer with a below-average claims handling rating?

In conclusion, only an experienced agent can help you understand and define the true value of your insurance purchase.