March brings longer days and hopes for some warmer weather. We have some essential items regarding current and upcoming insurance risks. Take a quick read about how to protect yourself further.
IN THIS ISSUE:
Our new Magazine!
Snow Melt & Flood Insurance
Inflation & Economic Volatility
Life Insurance
OUR MAGAZINE!
Spring brings change, and change we did. We now have our very own business magazine. We send it out bi-monthly. Please let us know if you would like to receive one. They are great to have in your waiting room at the office or on the coffee table at home.
For our clients, I would love to feature you in the magazine. Let me know if you have something you'd like published. It can be anything from business, ranching, home & family, non-profits, and more. Let me help promote you!
SNOW MELT & FLOOD INSURANCE
Do you have mounds of snow behind your home? Do you live near river bodies? We could see Ice Jams, which divert the water where it usually would not flow. Heavy spring rain and fast melt, snow has to go somewhere, and I hope it isn't into your buildings. Look around your neighborhoods, especially those with a lot of new development. With the change of the land, the water will flow differently. Get ahead of the melt and consider flood insurance. We offer both FEMA and Private Programs. It is great peace of mind to have coverage in place. Let me help you navigate your risk of potential flood damage. FEMA has a 30-day waiting period, and the Private Program has a 15-day wait Let's chat soon. A phone consultation usually will take about 15-20 mins of your time.
307-655-8001x3 and ask for Jessica.
INFLATION & ECONOMIC VOLATILITY
We have received calls about increasing insurance rates during the "covid" era. Many of our clients didn't turn in claims. Nothing changed, except higher premiums. Sadly, every single account we have has increased. I wish I could say we have a magic button on the computer that lowers it down, but we are not gifted that by the insurance companies. I want to share some key points to consider. The following are ideas to help lower your premiums back to better rates. If they apply to you, please call us so we can work on your behalf.
Did your credit score improve? If so, this is a substantial contributing factor to lower rates. Some companies do not re-run your credit score at renewals; this process is manual. Contact your agent to ask for the form to sign to approve the credit authorization.
Did you update your home?
New Hot Water Heater?
New Furnace?
New Roof?
Do you bundle your home and auto with us?
Many carriers provide significant discounts for doing so
Your total out-of-pocket is significantly lowered during a loss IE: Single Peril Deductible - Let's chat more about this
Smart Driving Discounts - Up to 30% off based on driving habits.
Home Reconstruction Costs - You might notice a significant increase in Coverage A - Dwelling limit, from last year. This is to protect you from the massive inflation we saw with covid. Let's see what your reconstruction cost is today and possibly see if it makes sense to lower it back down. We will compare it to what we had last year, and make an informed decision to decrease or leave it alone. Coverage A - Dwelling is the driving factor behind your homeowner's premium. A review is healthy. Please consider one in 2023.
I've included a link to the market analysis that explains what the industry finds as driving factors in insurance rate increases.
LIFE INSURANCE
This is the #1 protection you can provide your family or business. We all have had loved ones pass early, suddenly, or know of a friend or acquaintance that has. It's shocking; sometimes, lack of planning has left their family or business in despair. Please let us provide you with this critical coverage. This includes coverage for stay-at-home spouses, not just those who produce income. Becoming terminally ill has left families in bankruptcy because the co-insurance on hospice or hospital stays can be exponentially expensive.
A quote can be your tool and guide in budgeting your income to allow for this expense. We offer term life, whole life, annuities, and business key person, and if you need group protection, we also have those programs available. Please reach out to us. We are here to help you find coverage that fits your current and future financial well-being.
CONNECT WITH US
Did you know you can find up-to-date articles about current insurance issues, office closures or holiday schedules, general information, and more on our Facebook Page? We would love to connect with you there. Click the button below to follow us!
