Thursday, October 9, 2008

Saving Money in these crazy times

With the ups and downs of the market, and all that is going on, saving money is very important. But equally important is the financial stability of your insurance company. So if you are looking to save money, you might be looking to save money by switching companies that offer a better price.

Before you make the jump, call your current company if you have a good relationship with them. There are many discounts that you might be entitled to that are out there, so make sure that you update your information. We reach out to our clients regularly, and try to make sure that they are getting them. But with life being busy, they don't always get back to me.

Some discounts to look for on your car insurance are: Good driver, driving less than 7,500 miles a year, Good Student, Prepay, EZ-Pay, Defensive Driver, Retired, Multiple Policy, and many more. So make sure that if you have anything changing in your life, update your file with your carrier.

And the financial stability of the carriers are more important now than ever. There are some major companies that are in serious trouble out there. What that will mean to you is future rate increases are coming. So make sure that your carrier is on stable ground. If you have any questions about that, then give me a call.


Monday, May 19, 2008

Is Your Home Business Covered?

Home based businesses are one of the fastest growing segments of the commercial market, but as a home-business owner you may not realize that your Homeowners insurance may not adequately cover you in case of an emergency.

If you are running a business out of your home you have unique needs. If you’re already working out of your home or if you’re thinking about starting a home-based business here are some questions to ask your agent:

• Ask what the state, county, and city requirements are for a home-based business.

• Depending on what type of business you operate you might be able to get an endorsement on your homeowner’s policy that has higher limits or covers specific perils or risks.

• Will your home-based business insurance cover your lost income or ongoing expenses if your home is damaged?

• Are there bundles or packages available for homeowners who run a business out of their home? This might lower your rates or save you money over time.

• If you have any staff you’ll need to get worker’s compensation insurance. Many home-based business owners mistakenly believe that this type of insurance in only required by businesses that have a retail or separate location, but that’s not the case.

These insurance plans can help ensure that you are prepared to face any eventuality that might occur while you are running your own business. Disasters, accidents, and crises can strike at any time. By preparing now, you may be saving your company significant money over time. Talk to your agent today.