Thursday, December 16, 2010
Wednesday, December 15, 2010
Tuesday, December 14, 2010
Monday, December 13, 2010
Friday, December 10, 2010
We Dodged The Bullet Another Year!
Hurricane season is officially over for 2010 and we dodged another bullet. From June 1 until November 30th, those of us living in coastal communities held our breath as 19 named storms churned in the Atlantic and Gulf of Mexico. 2010 earned the distinction of being number 3 on the list of largest number of named storms. Of the named storms, 12 were a hurricane which also ties a record for the 2nd most hurricanes with 1969. Danielle, Earl and even Igor tried to peak our interest earning a category 4 on the Safer-Simpson Hurricane Scale. As an insurance agent who sells auto insurance and home insurance and having survived Hurricane Hugo, a category 5 storm in 1989, I am always keenly aware of the damage these monsters can do if they hit land. Hugo struck historic Charleston, South Carolina on the evening of September 21, 1989. There was no dodging that bullet. Hugo was dead ahead and pointed directly for my city.
During the morning of September 21, the National Weather Service issued hurricane warnings for Charleston. The city was in a panic with thousands of cars heading west on the interstates leading out of Charleston. I was at my insurance office covering all of our computers with large plastic garbage bags to protect them in case water leaked from the roof. While working on this the UPS delivery truck pulled up and the driver had a package for us. My first instinct was to refuse the package and make them deliver it again after the storm passed. Instead I accepted and package which was the best alternative since this was our first FAX machine. Having a fax machine at our office in 1989 was a luxury and it was incredibly useful after the hurricane when we had to send hand written claim form to our insurance company adjusters.
The aftermath was devastating. Being in the insurance business, almost every homeowner had a claim on their homeowner’s insurance policy and many on their flood insurance. I am not sure of the exact statistic but almost every building in Charleston had roof damage. Back in 1989 homeowner insurance policies had very low deductibles compared to today. Many clients had deductibles of $250 to $1000 for their home and that covered almost all the wind damage, additional living expenses and for many spoiled food. Since Hurricane Katrina that hit New Orleans in 2005, deductibles have risen rapidly. Most homeowners in coastal areas have a special deductible for hurricanes (wind damage) that ranges from 2% to 10% of their property value. On a $500,000 home the deductible would be $10,000 to $50,000! Not the $250 deductible of yesteryear. That is just for the homeowner’s insurance policy. There is another deductible for the flood insurance and that is compounded since the flood deductible applies separately on the house and the client's personal property. We handled hundreds of auto insurance claims for cars that were damaged by flying debris; trees falling on them and flood damage. All of this spells high anxiety for those of us on the coast in South Carolina, Florida, North Carolina, Louisiana and all the other coastal states in the eye of the storm. We dodged another big one this year and our collective anxiety level has dropped until we get ready for June of 2011 and another storm season!
During the morning of September 21, the National Weather Service issued hurricane warnings for Charleston. The city was in a panic with thousands of cars heading west on the interstates leading out of Charleston. I was at my insurance office covering all of our computers with large plastic garbage bags to protect them in case water leaked from the roof. While working on this the UPS delivery truck pulled up and the driver had a package for us. My first instinct was to refuse the package and make them deliver it again after the storm passed. Instead I accepted and package which was the best alternative since this was our first FAX machine. Having a fax machine at our office in 1989 was a luxury and it was incredibly useful after the hurricane when we had to send hand written claim form to our insurance company adjusters.
The aftermath was devastating. Being in the insurance business, almost every homeowner had a claim on their homeowner’s insurance policy and many on their flood insurance. I am not sure of the exact statistic but almost every building in Charleston had roof damage. Back in 1989 homeowner insurance policies had very low deductibles compared to today. Many clients had deductibles of $250 to $1000 for their home and that covered almost all the wind damage, additional living expenses and for many spoiled food. Since Hurricane Katrina that hit New Orleans in 2005, deductibles have risen rapidly. Most homeowners in coastal areas have a special deductible for hurricanes (wind damage) that ranges from 2% to 10% of their property value. On a $500,000 home the deductible would be $10,000 to $50,000! Not the $250 deductible of yesteryear. That is just for the homeowner’s insurance policy. There is another deductible for the flood insurance and that is compounded since the flood deductible applies separately on the house and the client's personal property. We handled hundreds of auto insurance claims for cars that were damaged by flying debris; trees falling on them and flood damage. All of this spells high anxiety for those of us on the coast in South Carolina, Florida, North Carolina, Louisiana and all the other coastal states in the eye of the storm. We dodged another big one this year and our collective anxiety level has dropped until we get ready for June of 2011 and another storm season!
Tuesday, December 07, 2010
Friday, December 03, 2010
Tuesday, November 30, 2010
Google May Acquire Groupon for $6 Billion, and It Would Be Worth Every Penny
Google May Acquire Groupon for $6 Billion, and It Would Be Worth Every Penny
If I had an extra million or billion, I would buy it. I'm just 5.999 billion short.
If I had an extra million or billion, I would buy it. I'm just 5.999 billion short.
Wednesday, November 17, 2010
Monday, October 18, 2010
Tuesday, October 12, 2010
5 Best Ways to Cut Insurance Costs - FOXBusiness.com -
5 Best Ways to Cut Insurance Costs
By Constance Gustke
Published October 11, 2010
Bankrate.com
Print Email Share Comments (0) Text Size
Death and taxes are two sure things. But people sometimes forget insurance costs aren't necessarily fixed, and getting the most policy for your money is worth checking out. All you'll need is extra time and the tenacity to pepper your agent with knowing questions. But the payoff can be big -- as much as 20 percent in savings.
These days, the odds favor consumers. Most insurers are in heated competition with each other. That means you're likely to get insurance breaks for most types of insurance, such as home and car.
Homeowners insurance: Go for discounts
Don't forget to ply your insurance agent with questions about discounts.
"There are five to 10 discounts on house insurance that people aren't aware of," says Don Griffin, vice president of personal lines for Property Casualty Insurers Association of America. For example, he says, insurers offer discounts for homes built to higher building codes.
Related Links
Choosing the Right Car to Fit Your Budget
Do You Need Renters Insurance?
Health Insurance Options for Unemployed
Finding Cheap Car Insurance For a TeenRelated Video
Getting Hosed by Feds and Health Insurance Companies
Talking Points: 8/11
Related Video
Lawmaker Proposes Regulating Insurance Premiums
Rep. Jan Schakowsky,(D-Ill.), on introducing a bill to review proposed increases in health-insurance premiums.
YOU MIGHT ALSO BE
INTERESTED IN
Girl, 6, Removed From Cheerleading Team After Parents Object to 'Booty' Cheer Colbert Offers Comedy Shtick in Farm Workers Testimony, Fails to Amuse Lawmakers Aliens Are Monitoring Our Nukes, Worry Ex-Air Force Officers Lindsay Lohan Freed From Jail After Posting $300G Bail Woman’s Body Cut in Half to Treat Aggressive Cancer Other discounts include one for groups, such as professional organizations, and another for people over 55 that can slice up to 10 percent off your premium. Discounts for safety improvements for installing deadbolts or smoke detectors can pare another 5 percent off premiums. Also, loyalty pays off; your insurer may lower your payments 5 percent if you're a long-term client.
All discounts vary from state to state and among companies, though. So it pays to get three to four quotes online with different insurers, says Griffin.
Auto: Is your new car an insurance hog?
Most people buy car insurance backward: buying the car and then considering insurance costs. That can be costly.
"Before you buy, compare insurance costs for different cars," says Claire Wilkinson, vice president of global issues at Insurance Information Institute. "Their insurance costs vary, based on the likelihood of theft, etc." Once you know your insurance costs, you can ask yourself another key question: Is it within my budget?
After kicking a car's tires, check out its safety at the Insurance Institute for Highway Safety's website, says Griffin. "In most cases, (having a safer car) will lower your insurance costs," he says.
Health: Mix and match policies
In insurance, one size doesn't fit all. And that includes one health insurance policy per family.
"People don't realize they can mix and match policies within families," says Carrie McLean, a consumer specialist at online insurance broker eHealthInsurance.com. "Perhaps one member of the family needs more care, such as preventive care, and others don't."
For example, she says, it may be cheaper to buy an individual plan for a child than include him or her in a family plan.
The downside, she says, is that family members may go to different hospitals and doctors. "But it's saving you money in the long-run," says McLean.
Know your budget for the coming year, says Susan Pisano, a spokeswoman at America's Health Insurance Plans. Do you have a chronic condition? Do you want to have a baby? Do you have a lower premium and need higher cost services? "Make sure to get your preventative services," Pisano says.
Disability: Join group plans
Disability insurance can be expensive, so it pays to cut corners when you can, though the options are limited.
"It's harder to save money on disability than other kinds of insurance," says Byron Udell, CEO of AccuQuote in Chicago. "Group plans are much less expensive."
Basically, disability policies are priced by two components: waiting periods before benefits begin and actual benefit periods. Rejiggering either option can lower your policy costs, but Udell doesn't recommend it. For example, lengthening the policy waiting time from, say, 90 to 180 days only saves 5 percent on a premium, he says.
Life: Term insurance is a better buy
Term insurance is one of the cheapest forms of life insurance.
The savings come from buying a term policy and investing the savings on your own instead of in a policy. "Half of the life insurance policies sold are dropped," says James Hunt, a life insurance actuary with the Consumer Federation of America. "They're too complicated."
If you do need life insurance, though, opt for a multicarrier broker and shop around. "Half the time people are paying more than they need to," says Udell.
5 Best Ways to Cut Insurance Costs - FOXBusiness.com -
By Constance Gustke
Published October 11, 2010
Bankrate.com
Print Email Share Comments (0) Text Size
Death and taxes are two sure things. But people sometimes forget insurance costs aren't necessarily fixed, and getting the most policy for your money is worth checking out. All you'll need is extra time and the tenacity to pepper your agent with knowing questions. But the payoff can be big -- as much as 20 percent in savings.
These days, the odds favor consumers. Most insurers are in heated competition with each other. That means you're likely to get insurance breaks for most types of insurance, such as home and car.
Homeowners insurance: Go for discounts
Don't forget to ply your insurance agent with questions about discounts.
"There are five to 10 discounts on house insurance that people aren't aware of," says Don Griffin, vice president of personal lines for Property Casualty Insurers Association of America. For example, he says, insurers offer discounts for homes built to higher building codes.
Related Links
Choosing the Right Car to Fit Your Budget
Do You Need Renters Insurance?
Health Insurance Options for Unemployed
Finding Cheap Car Insurance For a TeenRelated Video
Getting Hosed by Feds and Health Insurance Companies
Talking Points: 8/11
Related Video
Lawmaker Proposes Regulating Insurance Premiums
Rep. Jan Schakowsky,(D-Ill.), on introducing a bill to review proposed increases in health-insurance premiums.
YOU MIGHT ALSO BE
INTERESTED IN
Girl, 6, Removed From Cheerleading Team After Parents Object to 'Booty' Cheer Colbert Offers Comedy Shtick in Farm Workers Testimony, Fails to Amuse Lawmakers Aliens Are Monitoring Our Nukes, Worry Ex-Air Force Officers Lindsay Lohan Freed From Jail After Posting $300G Bail Woman’s Body Cut in Half to Treat Aggressive Cancer Other discounts include one for groups, such as professional organizations, and another for people over 55 that can slice up to 10 percent off your premium. Discounts for safety improvements for installing deadbolts or smoke detectors can pare another 5 percent off premiums. Also, loyalty pays off; your insurer may lower your payments 5 percent if you're a long-term client.
All discounts vary from state to state and among companies, though. So it pays to get three to four quotes online with different insurers, says Griffin.
Auto: Is your new car an insurance hog?
Most people buy car insurance backward: buying the car and then considering insurance costs. That can be costly.
"Before you buy, compare insurance costs for different cars," says Claire Wilkinson, vice president of global issues at Insurance Information Institute. "Their insurance costs vary, based on the likelihood of theft, etc." Once you know your insurance costs, you can ask yourself another key question: Is it within my budget?
After kicking a car's tires, check out its safety at the Insurance Institute for Highway Safety's website, says Griffin. "In most cases, (having a safer car) will lower your insurance costs," he says.
Health: Mix and match policies
In insurance, one size doesn't fit all. And that includes one health insurance policy per family.
"People don't realize they can mix and match policies within families," says Carrie McLean, a consumer specialist at online insurance broker eHealthInsurance.com. "Perhaps one member of the family needs more care, such as preventive care, and others don't."
For example, she says, it may be cheaper to buy an individual plan for a child than include him or her in a family plan.
The downside, she says, is that family members may go to different hospitals and doctors. "But it's saving you money in the long-run," says McLean.
Know your budget for the coming year, says Susan Pisano, a spokeswoman at America's Health Insurance Plans. Do you have a chronic condition? Do you want to have a baby? Do you have a lower premium and need higher cost services? "Make sure to get your preventative services," Pisano says.
Disability: Join group plans
Disability insurance can be expensive, so it pays to cut corners when you can, though the options are limited.
"It's harder to save money on disability than other kinds of insurance," says Byron Udell, CEO of AccuQuote in Chicago. "Group plans are much less expensive."
Basically, disability policies are priced by two components: waiting periods before benefits begin and actual benefit periods. Rejiggering either option can lower your policy costs, but Udell doesn't recommend it. For example, lengthening the policy waiting time from, say, 90 to 180 days only saves 5 percent on a premium, he says.
Life: Term insurance is a better buy
Term insurance is one of the cheapest forms of life insurance.
The savings come from buying a term policy and investing the savings on your own instead of in a policy. "Half of the life insurance policies sold are dropped," says James Hunt, a life insurance actuary with the Consumer Federation of America. "They're too complicated."
If you do need life insurance, though, opt for a multicarrier broker and shop around. "Half the time people are paying more than they need to," says Udell.
5 Best Ways to Cut Insurance Costs - FOXBusiness.com -
Friday, October 01, 2010
Thursday, September 30, 2010
A New Tax Break for the Self-Employed - NYTimes.com
A New Tax Break for the Self-Employed - NYTimes.com
Great news for my self employed clients who pay their own health insurance. They've always been at a disadvantage since group health insurance has always been deductible for an employee.
Great news for my self employed clients who pay their own health insurance. They've always been at a disadvantage since group health insurance has always been deductible for an employee.
Tuesday, September 28, 2010
Tuesday, September 14, 2010
12 Most Expensive Hurricanes in U.S. History - CNBC
12 Most Expensive Hurricanes in U.S. History - CNBC
We've made with top twelve with HUGO. Not exactly something to brag about. 21 years ago.
We've made with top twelve with HUGO. Not exactly something to brag about. 21 years ago.
Tuesday, August 31, 2010
Health care workers learn nuances of federal health reform
August 31, 2010
Most of the federal health care reform provisions don’t go into effect for another three-and-a-half years, but some have already been phased in. Health care professionals gathered in Charleston Monday to learn how the new policies will affect their work.
The Patient Protection and Affordable Care Act was hailed by some as the most significant health reform legislation in 40 years. Others met it with trepidation, convinced it was a step in the wrong direction.
Regardless of their position on the legislation, government and health care workers will deal with its practical implications in the years to come.
State Senator Dan Foster—a former surgeon—says the way the legislation expands coverage is wonderful, but there are details to be worked out before the law is implemented.
“How do you enroll all these people, how do we set up these exchanges, how do we make sure the exchanges work right and do all the things that they’re supposed to do?” he said. “The purpose of this meeting is to explain many of the complexities of this law to folks who know some but don’t know a lot of the nuances of the legislation.”
The legislation expands Medicaid eligibility, creates insurance exchanges and eliminates pre-existing conditions as a reason for being denied coverage.
Full Story
Get a free Charleston Health Insurance Quote online or by calling 843-556-6232.
Most of the federal health care reform provisions don’t go into effect for another three-and-a-half years, but some have already been phased in. Health care professionals gathered in Charleston Monday to learn how the new policies will affect their work.
The Patient Protection and Affordable Care Act was hailed by some as the most significant health reform legislation in 40 years. Others met it with trepidation, convinced it was a step in the wrong direction.
Regardless of their position on the legislation, government and health care workers will deal with its practical implications in the years to come.
State Senator Dan Foster—a former surgeon—says the way the legislation expands coverage is wonderful, but there are details to be worked out before the law is implemented.
“How do you enroll all these people, how do we set up these exchanges, how do we make sure the exchanges work right and do all the things that they’re supposed to do?” he said. “The purpose of this meeting is to explain many of the complexities of this law to folks who know some but don’t know a lot of the nuances of the legislation.”
The legislation expands Medicaid eligibility, creates insurance exchanges and eliminates pre-existing conditions as a reason for being denied coverage.
Full Story
Get a free Charleston Health Insurance Quote online or by calling 843-556-6232.
Wednesday, July 28, 2010
Monday, July 26, 2010
Apartment Security | Wireless Home Security System | Wireless Alarm
Apartment Security | Wireless Home Security System | Wireless Alarm: "-
This is a great home or apartment alarm system and anyone can install it themselves. I've used this company for a couple of years and am extremely satisfied. The monthly monitoring fee is the lowest anywhere!
Larry
This is a great home or apartment alarm system and anyone can install it themselves. I've used this company for a couple of years and am extremely satisfied. The monthly monitoring fee is the lowest anywhere!
Larry
Friday, July 23, 2010
Wednesday, July 21, 2010
Tropical wave strengthening, heading toward South Florida
BY CURTIS MORGAN
cmorgan@MiamiHerald.com
A developing system could bring the season's second tropical storm toward South Florida in the next few days.
The National Hurricane Center on Tuesday gave a tropical wave drenching Puerto Rico, Haiti and the Virgin Islands a better-than-even chance of building into Tropical Storm Bonnie.
Its current west-northwest path, which forecasters expect to continue for several days, would bring strong winds and heavy rain toward South Florida by late Thursday. Computer models forecast it crossing anywhere from Cuba to Central Florida.
The path ahead wasn't ideal, but atmospheric conditions had improved enough to give the system a high probability, 60 percent, of becoming at least a depression and potentially a tropical storm over the next few days, the center said.
``We're not expecting the system to quickly develop,'' said John Cangialosi, a hurricane specialist at the center. ``It's favorable enough to gain some additional strength.''
The wave, which was located near the eastern Dominican Republic at 8 p.m., had grown better organized during the day, with some outer rain bands beginning to show signs of curving, Cangialosi said. There also were signs that some lower-level circulation was beginning to build, a sign of tropical storm formation. The center was planning to dispatch hurricane hunter planes Wednesday to assess the system.
Read more: http://www.miamiherald.com/2010/07/20/1739653/tropical-wave-gaining-strength.html#ixzz0uKP9J6Sq
Tropical wave strengthening, heading toward South Florida - Hurricanes - MiamiHerald.com: "- Sent using Google Toolbar"
Is Global Warming Causing More Frequent, More Powerful Hurricanes?
Is Global Warming Causing More Frequent, More Powerful Hurricanes?: "- Sent using Google Toolbar"
ISO, Atmospheric and Environmental Research to provide weather forensic reports
July 21, 2010 - ISO/AER media release
ISO, Atmospheric and Environmental Research to provide weather forensic reports
July 21, 2010 - ISO/AER media release
JERSEY CITY, N.J., and Lexington, Mass., July 21, 2010 — ISO and Atmospheric and Environmental Research (AER) announce that ISO ClaimSearch® now offers a series of instant online Weather Forensic Reports to help insurers evaluate claims related to severe weather conditions. The reports feature key weather data and mapping of hail, lightning strikes, damaging winds, and tornado activity for a specific time period and geographic area. The new reports are available through the Decision Net® claims information portal.
The new Decision Net products leverage the world-renowned knowledge, experience, and resources of AER. AER is a premier authority in the field of weather, climate, and environmental science and data analytics, serving the planning and operational needs of industries and governments around the globe. Both AER and ISO are subsidiaries of Verisk Analytics.
"Through our new reports, which use hail, lightning, wind, and tornado data mapped by AER, claims and investigations personnel can access targeted, insightful information on severe weather events by locations and dates," said John Deegan, product development manager, ISO ClaimSearch. "The reports offer support for claims evaluation and will provide particular value to special investigations."
"The Weather Forensic Reports enable claim adjusters to improve customer satisfaction by quickly analyzing weather-related claims and decreasing response time to policyholders," said Steve Massa, director of data services, Atmospheric and Environmental Research. "Insurers can improve financial performance through reduced costs, since the reports make it easy to process legitimate claims while rapidly spotting and minimizing potentially fraudulent claims."
The following Weather Forensic Reports are available through Decision Net for a nominal fee: hail verification, lightning strike, wind assessment, and tornado assessment. The reports on Decision Net feature free updates for viewing for up to 30 days. Each time a report is accessed on the ISO ClaimSearch website, a fresh report reflecting any new and updated on-site observations and severe weather findings is provided.
For more information on Weather Forensic Reports, contact ISO ClaimSearch Customer Support at 1-800-888-4476 or send e-mail to info.claimsearch@iso.com.
Monday, July 19, 2010
Next on Senate agenda: unemployment insurance
By Gail Russell Chaddock, Staff writer / July 19, 2010 Washington
Once Democrat Carte Goodwin is sworn in Tuesday to replace the late Sen. Robert Byrd, Senate Democrats will have the votes to try again to extend unemployment insurance to the jobless.
For congressional Democrats – especially in the often-gridlocked US Senate – this week marks a sprint to wind up a large, unfinished agenda in time to sway midterm elections.
Big-ticket items range from energy and campaign-finance reform to decisions over expiring Bush-era tax cuts, war funding, and 12 spending bills for fiscal year 2011, which begins Oct. 1. On Tuesday, the Senate Judiciary Committee votes on the confirmation of Elena Kagan to the US Supreme Court, with a full Senate vote expected later in the week.
With the swearing-in on Tuesday of Democrat Carte Goodwin to fill the seat of the late Sen. Robert Byrd of West Virginia, Democrats say they have the 60th vote needed to break a Republican filibuster and approve a long-stalled $34 billion extension of unemployment benefits.
Highlighting the unfinished Senate agenda in his weekly address on Saturday, President Obama charged Republicans with "filibustering the nation's economic recovery" and making a stand “on the backs of the unemployed.” Most Senate Republicans oppose the measure on the grounds that Democrats have not identified offsetting spending cuts to pay for it.
Full Story
Once Democrat Carte Goodwin is sworn in Tuesday to replace the late Sen. Robert Byrd, Senate Democrats will have the votes to try again to extend unemployment insurance to the jobless.
For congressional Democrats – especially in the often-gridlocked US Senate – this week marks a sprint to wind up a large, unfinished agenda in time to sway midterm elections.
Big-ticket items range from energy and campaign-finance reform to decisions over expiring Bush-era tax cuts, war funding, and 12 spending bills for fiscal year 2011, which begins Oct. 1. On Tuesday, the Senate Judiciary Committee votes on the confirmation of Elena Kagan to the US Supreme Court, with a full Senate vote expected later in the week.
With the swearing-in on Tuesday of Democrat Carte Goodwin to fill the seat of the late Sen. Robert Byrd of West Virginia, Democrats say they have the 60th vote needed to break a Republican filibuster and approve a long-stalled $34 billion extension of unemployment benefits.
Highlighting the unfinished Senate agenda in his weekly address on Saturday, President Obama charged Republicans with "filibustering the nation's economic recovery" and making a stand “on the backs of the unemployed.” Most Senate Republicans oppose the measure on the grounds that Democrats have not identified offsetting spending cuts to pay for it.
Full Story
Monday, July 12, 2010
Tuesday, July 06, 2010
Friday, July 02, 2010
Apple Plans Update for iPhone Glitch - WSJ.com
Apple Plans Update for iPhone Glitch - WSJ.com: "- Sent using Google Toolbar"
Thursday, July 01, 2010
Boutique Tents – Anne Girault - Creator of Boutique Tents
Boutique Tents – Anne Girault - Creator of Boutique Tents: "- Sent using Google Toolbar"
One of my clients. Very impressive!!
One of my clients. Very impressive!!
Flood Insurance Program Back in Business Until Sept. 30
Flood Insurance Program Back in Business Until Sept. 30: "- Sent using Google Toolbar"
The Wall Street Journal Online - Hurricanes Map 2010
The Wall Street Journal Online - Hurricanes Map 2010: "- Sent using Google Toolbar"
Thursday, June 24, 2010
Monday, June 21, 2010
Flood Insurance Gets Harder to Find - WSJ.com
Flood Insurance Gets Harder to Find - WSJ.com: "- Sent using Google Toolbar"
Affordable Home Insurance - Traps To Avoid In Your Policy
by Chimerenka Odimba
in Insurance / Home Owners (submitted 2010-06-10)
http://www.goarticles.com/cgi-bin/showa.cgi?C=2985828
Many people know that home insurance policy is very important. At least so they've been told. Sadly though many do not know what their own home insurance policy entails. Many have not bothered to really read through their policy to know what it says and what coverage they really have. They just know what the agent told them. The light only comes on when there is a claim to make and then all the ugly details begin to surface. We would look at some simple things to note to help you get more out of your policy.
You really need to read your policy document to know what your coverage is all about. You should not be surprised at the extent of your coverage when you make a claim. A simple example is this. You may be eager to reduce your rate and then your agent tells you you can get lower rates if you get a policy that would pay actual cash value. Would you be smart if you accept without first really understanding what this means? In home insurance, policies always talk about either actual cash value or replacement value. Let me explain the two.
ACTUAL CASH VALUE
Actual cash value talks about the current value of the insured item. Remember that this puts into consideration depreciation with time and wear and tear so an item you bought for $1000 could now be worth a mere $200 given depreciation and wear and tear. What this means is that if you insured this item and then made a claim, you would be paid the current value of $200 which would of course not be enough to replace it. Is this what you really want? Yes this policy would cost less but you should only get it if you understand this and still want it. At least you know what to expect when you make a claim.
REPLACEMENT VALUE
A policy that offers replacement value would cost more because it offers to replace the insured item regardless of depreciation, wear and tear and its current market value. The policy would pay you what it would cost to replace that item. This is of course what many people go into home insurance thinking they are getting. You would only be getting this if that is what your policy says. Now you know.
In making claims, you need to prove that the said items were really owned and damaged or lost. This simply means that you need to have proof of ownership. You can't start thinking of this when the disaster has occurred and you are making a claim. Once you get a home insurance policy, you need to keep a detailed list of the items in your home. To further strengthen your claim, you can make video recordings of your home and the items in them. Keep this recording and list somewhere safe. Preferably in a safe deposit box or somewhere safe like in a fire proof box. With these documents, your claim process would be much easier. You have to be ready before the evil day comes.
Please, do not just get your policy and leave it there. You need to constantly review your policy to update yourself on your coverage so you can always be sure you are adequately covered. Review it constantly.
Another reason for reviewing your policy is that you can monitor to know when you are beginning to pay more than you should. You can know this if you constantly compare free home insurance quotes. You can just go to quotes comparison sites and get free home insurance quotes and with these compare your policy to know if your insurance company is charging you more than other insurers are charging. You can really make savings if you review your policy regularly.
in Insurance / Home Owners (submitted 2010-06-10)
http://www.goarticles.com/cgi-bin/showa.cgi?C=2985828
Many people know that home insurance policy is very important. At least so they've been told. Sadly though many do not know what their own home insurance policy entails. Many have not bothered to really read through their policy to know what it says and what coverage they really have. They just know what the agent told them. The light only comes on when there is a claim to make and then all the ugly details begin to surface. We would look at some simple things to note to help you get more out of your policy.
You really need to read your policy document to know what your coverage is all about. You should not be surprised at the extent of your coverage when you make a claim. A simple example is this. You may be eager to reduce your rate and then your agent tells you you can get lower rates if you get a policy that would pay actual cash value. Would you be smart if you accept without first really understanding what this means? In home insurance, policies always talk about either actual cash value or replacement value. Let me explain the two.
ACTUAL CASH VALUE
Actual cash value talks about the current value of the insured item. Remember that this puts into consideration depreciation with time and wear and tear so an item you bought for $1000 could now be worth a mere $200 given depreciation and wear and tear. What this means is that if you insured this item and then made a claim, you would be paid the current value of $200 which would of course not be enough to replace it. Is this what you really want? Yes this policy would cost less but you should only get it if you understand this and still want it. At least you know what to expect when you make a claim.
REPLACEMENT VALUE
A policy that offers replacement value would cost more because it offers to replace the insured item regardless of depreciation, wear and tear and its current market value. The policy would pay you what it would cost to replace that item. This is of course what many people go into home insurance thinking they are getting. You would only be getting this if that is what your policy says. Now you know.
In making claims, you need to prove that the said items were really owned and damaged or lost. This simply means that you need to have proof of ownership. You can't start thinking of this when the disaster has occurred and you are making a claim. Once you get a home insurance policy, you need to keep a detailed list of the items in your home. To further strengthen your claim, you can make video recordings of your home and the items in them. Keep this recording and list somewhere safe. Preferably in a safe deposit box or somewhere safe like in a fire proof box. With these documents, your claim process would be much easier. You have to be ready before the evil day comes.
Please, do not just get your policy and leave it there. You need to constantly review your policy to update yourself on your coverage so you can always be sure you are adequately covered. Review it constantly.
Another reason for reviewing your policy is that you can monitor to know when you are beginning to pay more than you should. You can know this if you constantly compare free home insurance quotes. You can just go to quotes comparison sites and get free home insurance quotes and with these compare your policy to know if your insurance company is charging you more than other insurers are charging. You can really make savings if you review your policy regularly.
Friday, June 18, 2010
Flood Insurance Program Drowning in Debt « Liveshots
Flood Insurance Program Drowning in Debt « Liveshots: "- Sent using Google Toolbar"
Wednesday, June 16, 2010
Wednesday, June 09, 2010
Tuesday, June 08, 2010
Just in Case: How to Buy Disability Insurance - WSJ.com
Just in Case: How to Buy Disability Insurance - WSJ.com: "- Sent using Google Toolbar"
Friday, June 04, 2010
South Carolina Gov. Sanford addresses, signs unemployment insurance reform
June 03, 2010
COLUMBIA, SC (WMBF) - South Carolina Gov. Mark Sanford has inked a bill Thursday aimed at addressing the near billion-dollar deficit of the Unemployment Insurance Fund.
A spiraling shortfall of the fund has recently led state leaders to ask for nearly $1 billion in borrowed funds from the federal government to cover the deficit.
The language of the bill will now allow the state to begin repaying its debts and making abuses of the Unemployment Insurance Fund more difficult of an act.
Full Story
COLUMBIA, SC (WMBF) - South Carolina Gov. Mark Sanford has inked a bill Thursday aimed at addressing the near billion-dollar deficit of the Unemployment Insurance Fund.
A spiraling shortfall of the fund has recently led state leaders to ask for nearly $1 billion in borrowed funds from the federal government to cover the deficit.
The language of the bill will now allow the state to begin repaying its debts and making abuses of the Unemployment Insurance Fund more difficult of an act.
Full Story
Thursday, June 03, 2010
What you can do to prepare | islandpacket.com
What you can do to prepare | islandpacket.com: "- Sent using Google Toolbar"
Wednesday, June 02, 2010
Tuesday, June 01, 2010
Friday, May 28, 2010
Check Flood Coverage Now
Check flood coverage now
May 18, 2010 - Dillon Herald
The tragic flooding that recently submerged much of
Tennessee is a grim reminder of how important disaster
preparation and flood insurance can be in protecting your family and your assets.
With the start of hurricane season just around the bend,
now is the time to make sure you have a plan in place should
a natural catastrophe hit our state.
The South Carolina Insurance News Service recommends
a thorough review of your insurance coverage with
your agent or company. A review should examine coverages,
ages, deductibles, limits, and any exceptions that may apply.
Flood insurance is NOT part of most standard homeowner,
mobile home, or renter s insurance policies. You must buy
separate flood coverage and there is a waiting period of 30
days. According to the National Flood Insurance Plan, 25 percent of all flood claims occur in
low-to-moderate risk areas.
(full text of SCINS news release on flood insurance was included)
May 18, 2010 - Dillon Herald
The tragic flooding that recently submerged much of
Tennessee is a grim reminder of how important disaster
preparation and flood insurance can be in protecting your family and your assets.
With the start of hurricane season just around the bend,
now is the time to make sure you have a plan in place should
a natural catastrophe hit our state.
The South Carolina Insurance News Service recommends
a thorough review of your insurance coverage with
your agent or company. A review should examine coverages,
ages, deductibles, limits, and any exceptions that may apply.
Flood insurance is NOT part of most standard homeowner,
mobile home, or renter s insurance policies. You must buy
separate flood coverage and there is a waiting period of 30
days. According to the National Flood Insurance Plan, 25 percent of all flood claims occur in
low-to-moderate risk areas.
(full text of SCINS news release on flood insurance was included)
Tuesday, May 25, 2010
Hurricane warning: Be prepared and make sure you have the right insurance coverage
It takes just one storm to bring major damage to South Carolina
Columbia, S.C. – May 25, 2010 – Hang on, South Carolina – it looks like a busy hurricane season may be ahead this year. Colorado State University’s forecast team predicts an above-average season, with 15 named storms in the Atlantic, eight becoming hurricanes.
It only takes one hurricane hitting our state to cause catastrophic damage and heartache. The 2010 season will begin June 1. The South Carolina Insurance News Service encourages homeowners and business owners to protect their property and make sure they have the correct insurance in place.
"It is a good routine for people to review their policies with their company or agent before the start of hurricane season to verify they have the necessary coverage," said Russ Dubisky, executive director of the S.C. Insurance News Service.
More than 20 years ago Hurricane Hugo caused $4.2 billion in insured damage when it came ashore in South Carolina. However, with population growth and increases in construction costs, our state now has $200 billion in insured property along the coastline.
Coastal residents may need several separate insurance policies to protect their homes and property from disasters: a basic homeowner’s insurance policy, a wind and hail policy (if your basic homeowner’s insurance policy does not already cover wind and hail), a flood insurance policy, earthquake insurance policy and excess coverage such as a personal articles policy. Talk to your company or agent to ask questions about your coverage.
A hurricane’s "footprint" has many aspects and each can be damaging, said Dr. Steve Lyons of The Weather Channel at a recent Hurricane Expo in South Carolina. These include wind, water rise, waves, rainfall and tornadoes. Even hundreds of miles inland, a hurricane’s torrential rainfall can bring flash flooding and tornadoes can demolish buildings.
"Making changes to strengthen your home not only protects your property but can qualify you for discounts on insurance," Dubisky said.
South Carolina insurance companies and the S.C. Wind and Hail Underwriting Association give discounts for the following :
• Storm shutters
• Roof tie-downs or clips
• Impact-resistant windows and doors
• Reinforced garage doors
• SC SAFE HOME improvements (See http://www.scsafehome.sc.gov/)
• Institute for Business & Home Safety “Fortified … for safer living” homes (See www.disastersafety.org)
"All South Carolina residents should pay attention to hurricane forecasts and take precautions," Dubisky said. Better tracking forecasts available now will allow issuance of a hurricane watch 48 hours in advance and hurricane warning 36 hours ahead, according to Dr. Lyons of The Weather Channel.
Tropical storms in the Gulf of Mexico as well as the Atlantic demand our attention, as both can cause problems in South Carolina. For example, William Winn, director of public safety in Beaufort County, said his county has had more damage from storms making landfall in the Gulf. In 1998, Hurricane Earl, a Gulf storm, caused a major tornado on St. Helena Island.
Now, to get ready!
Ahead of hurricane season:
• Review your insurance coverage with your agent or company.
• Document, photograph or video your possessions for insurance records.
• Keep this inventory in a safe place away from your home.
• Trim shrubbery and trees to make them more resistant to wind damage.
When a hurricane is imminent, prepare your home and be ready to evacuate. Here are some tips:
• Cover all windows with pre-cut plywood or storm shutters.
• Bring in outdoor furniture, garbage cans and other items that could be blown about.
• Turn off utilities and propane tanks.
• Close interior doors.
• Fill the bathtub and other large containers with water for sanitary purposes.
• Take your insurance agent’s name and phone number and your policy information with you.
Be vigilant and pay attention to hurricane warnings and announcements, emergency management experts say. Sooner or later, another strong hurricane will hit South Carolina.
Read more about preparing for hurricanes and other catastrophes at www.scinsurance.net.
For more than 30 years, the South Carolina Insurance News Service, a nonprofit organization, has been providing free insurance information to consumers and the media about property and casualty insurance issues. The News Service is funded by insurance companies doing business in South Carolina.
South Carolina Insurance News Service
1301 Gervais Street, Suite 715
Columbia, SC 29201
Office: 803-252-3455
Fax: 803-779-0189
www.scinsurance.net
Columbia, S.C. – May 25, 2010 – Hang on, South Carolina – it looks like a busy hurricane season may be ahead this year. Colorado State University’s forecast team predicts an above-average season, with 15 named storms in the Atlantic, eight becoming hurricanes.
It only takes one hurricane hitting our state to cause catastrophic damage and heartache. The 2010 season will begin June 1. The South Carolina Insurance News Service encourages homeowners and business owners to protect their property and make sure they have the correct insurance in place.
"It is a good routine for people to review their policies with their company or agent before the start of hurricane season to verify they have the necessary coverage," said Russ Dubisky, executive director of the S.C. Insurance News Service.
More than 20 years ago Hurricane Hugo caused $4.2 billion in insured damage when it came ashore in South Carolina. However, with population growth and increases in construction costs, our state now has $200 billion in insured property along the coastline.
Coastal residents may need several separate insurance policies to protect their homes and property from disasters: a basic homeowner’s insurance policy, a wind and hail policy (if your basic homeowner’s insurance policy does not already cover wind and hail), a flood insurance policy, earthquake insurance policy and excess coverage such as a personal articles policy. Talk to your company or agent to ask questions about your coverage.
A hurricane’s "footprint" has many aspects and each can be damaging, said Dr. Steve Lyons of The Weather Channel at a recent Hurricane Expo in South Carolina. These include wind, water rise, waves, rainfall and tornadoes. Even hundreds of miles inland, a hurricane’s torrential rainfall can bring flash flooding and tornadoes can demolish buildings.
"Making changes to strengthen your home not only protects your property but can qualify you for discounts on insurance," Dubisky said.
South Carolina insurance companies and the S.C. Wind and Hail Underwriting Association give discounts for the following :
• Storm shutters
• Roof tie-downs or clips
• Impact-resistant windows and doors
• Reinforced garage doors
• SC SAFE HOME improvements (See http://www.scsafehome.sc.gov/)
• Institute for Business & Home Safety “Fortified … for safer living” homes (See www.disastersafety.org)
"All South Carolina residents should pay attention to hurricane forecasts and take precautions," Dubisky said. Better tracking forecasts available now will allow issuance of a hurricane watch 48 hours in advance and hurricane warning 36 hours ahead, according to Dr. Lyons of The Weather Channel.
Tropical storms in the Gulf of Mexico as well as the Atlantic demand our attention, as both can cause problems in South Carolina. For example, William Winn, director of public safety in Beaufort County, said his county has had more damage from storms making landfall in the Gulf. In 1998, Hurricane Earl, a Gulf storm, caused a major tornado on St. Helena Island.
Now, to get ready!
Ahead of hurricane season:
• Review your insurance coverage with your agent or company.
• Document, photograph or video your possessions for insurance records.
• Keep this inventory in a safe place away from your home.
• Trim shrubbery and trees to make them more resistant to wind damage.
When a hurricane is imminent, prepare your home and be ready to evacuate. Here are some tips:
• Cover all windows with pre-cut plywood or storm shutters.
• Bring in outdoor furniture, garbage cans and other items that could be blown about.
• Turn off utilities and propane tanks.
• Close interior doors.
• Fill the bathtub and other large containers with water for sanitary purposes.
• Take your insurance agent’s name and phone number and your policy information with you.
Be vigilant and pay attention to hurricane warnings and announcements, emergency management experts say. Sooner or later, another strong hurricane will hit South Carolina.
Read more about preparing for hurricanes and other catastrophes at www.scinsurance.net.
For more than 30 years, the South Carolina Insurance News Service, a nonprofit organization, has been providing free insurance information to consumers and the media about property and casualty insurance issues. The News Service is funded by insurance companies doing business in South Carolina.
South Carolina Insurance News Service
1301 Gervais Street, Suite 715
Columbia, SC 29201
Office: 803-252-3455
Fax: 803-779-0189
www.scinsurance.net
Monday, May 24, 2010
As another hurricane season fast approaches, it's time to take stock of your insurance coverage - Insurance - MiamiHerald.com
As another hurricane season fast approaches, it's time to take stock of your insurance coverage - Insurance - MiamiHerald.com
I hope you'll read this article. It's time to prepare!
I hope you'll read this article. It's time to prepare!
Homeowners Insurance Only Often Not Enough to Recover Losses - Yahoo! News
Homeowners Insurance Only Often Not Enough to Recover Losses - Yahoo! News
Interesting idea. I haven't used it but may try to see the value. It is always important to have documentation (invoices, receipts, photos) of your property in order to substantiate a claim.
Interesting idea. I haven't used it but may try to see the value. It is always important to have documentation (invoices, receipts, photos) of your property in order to substantiate a claim.
Friday, May 21, 2010
Tuesday, May 18, 2010
Friday, May 14, 2010
Just how can you save on life insurance? Here's how.
Nice article on life insurance. Fortunately rates for term life plans are at an all time low right now. If you complete my Term Life quote form, I'll send you rates for multiple carriers. Or you can always call me at 843-556-6232.
Basics of Life Insurance Quote and Life Insurance Rates by Jack Bryans (submitted 2010-05-14)
Life insurance quote in general are the provisions which are not obligatory and is a regular form to recompense your debts, manage your family budget and educational loans. One of the simple methods to select a life insurance policy that at an affordable premium and at very low rate is having a good health but surprisingly in this modern time even the overweight, with smoking habit and health problems people can make out a high premium amount. Thus it is highly recommended to go always for a health evaluation and full medical examination to see if the individual is at a good health condition.
On the other hand, when people take the time to think about it vigilantly, they will realize that they are in fact capable to acquire life insurance rates at a low costs. There are a lot of life insurance service providers that they can probably find on the worldwide market these days. This makes the competition on the market of life insurance pretty tight. Therefore, in order to obtain more consumers, every life insurance service providers will typically try to present a large variety of eye-catching offers with low rates for the insurance plan.
It is feasible to acquire low rates on the different types of life insurance. The low rates can be achieved either for the term or for the whole life insurance plan. With the life insurance rates which is low on the term plan, there is a excellent prospect that the people who sign up for this plan will not have to be anxious regarding being unable to pay for the security which lasts up to a definite period of time. Yet, with low rates on the whole plan, they will be competent to get a financial security for as long as they live while all they have to pay is only a little amount of charge.
In order to get the low life insurance rates, those people can make telephone calls to the accessible providers and inquire for information in relation to the rates. And as another option they can also make schedule with the providers and then shell out a visit to them to get a number of information regarding the rates. Conversely, paying a visit to each of the existing providers or making telephone calls may not be helpful in terms of costs, time and efforts needed. As a result, there may only be a small number of people do this.
Luckily, with the advancements of today's technology, people now can get necessary information regarding the life insurance rates right from the comfort of their homes. All they required to carry out is to access the Internet and look for the different existing providers. This, they are capable to search the most affordable life insurance rates.
(Source GoArticles.com)
Basics of Life Insurance Quote and Life Insurance Rates by Jack Bryans (submitted 2010-05-14)
Life insurance quote in general are the provisions which are not obligatory and is a regular form to recompense your debts, manage your family budget and educational loans. One of the simple methods to select a life insurance policy that at an affordable premium and at very low rate is having a good health but surprisingly in this modern time even the overweight, with smoking habit and health problems people can make out a high premium amount. Thus it is highly recommended to go always for a health evaluation and full medical examination to see if the individual is at a good health condition.
On the other hand, when people take the time to think about it vigilantly, they will realize that they are in fact capable to acquire life insurance rates at a low costs. There are a lot of life insurance service providers that they can probably find on the worldwide market these days. This makes the competition on the market of life insurance pretty tight. Therefore, in order to obtain more consumers, every life insurance service providers will typically try to present a large variety of eye-catching offers with low rates for the insurance plan.
It is feasible to acquire low rates on the different types of life insurance. The low rates can be achieved either for the term or for the whole life insurance plan. With the life insurance rates which is low on the term plan, there is a excellent prospect that the people who sign up for this plan will not have to be anxious regarding being unable to pay for the security which lasts up to a definite period of time. Yet, with low rates on the whole plan, they will be competent to get a financial security for as long as they live while all they have to pay is only a little amount of charge.
In order to get the low life insurance rates, those people can make telephone calls to the accessible providers and inquire for information in relation to the rates. And as another option they can also make schedule with the providers and then shell out a visit to them to get a number of information regarding the rates. Conversely, paying a visit to each of the existing providers or making telephone calls may not be helpful in terms of costs, time and efforts needed. As a result, there may only be a small number of people do this.
Luckily, with the advancements of today's technology, people now can get necessary information regarding the life insurance rates right from the comfort of their homes. All they required to carry out is to access the Internet and look for the different existing providers. This, they are capable to search the most affordable life insurance rates.
(Source GoArticles.com)
Wednesday, May 12, 2010
A Brief Explanation of Short Term Insurance
by Ray Sandeo (submitted 2009-10-02)
The short term health insurance is a excellent choice for people residing in the United States who are between jobs, waiting to take up another health insurance, waiting for Medicare, newly graduated, or are on COBRA.
Temporary insurance can provide insurance against possible illnesses or injuries and do not typically include benefits such as preventive care, physicals, immunizations, dental or vision care and pre-existing medical conditions.
Temporary insurance is usually valid for U.S citizens who are under the age of 64, their spouses and children. People who want to take up temporary insurance need to complete a short health qualification questionnaire which is necessary for coverage approval.
Temporary insurance covers costs such as Hospital & Surgery Fees, Outpatient Doctor Office fees, Diagnostic & lab fees, Organs, tissue or bone marrow transplant. Short Term Health Insurance provides insurance for a minimum period of one month to a maximum period of 12 months. The maximum coverage offered under this plan is up to one or two million dollars.
Temporary insurance provides insurance for a minimum period of one month to a maximum period of 12 months. The maximum coverage offered under this plan is up to one or two million dollars.
There are several companies that provide short term medical insurance plans and depending on the duration and the benefits you require, you can choose an appropriate plan.
Assurant Short Term Health Insurance, Secure Short Term Medical Insurance, Golden Rule United Healthcare Short Term Insurance and Secure 12x3 Short Term Medical Insurance are a few of the many plans available. .
Assurant short term medical insurance plan can be bought for a minimum time period of 30 days and a maximum time period of 360 days and offers coverage for U.S citizens and their spouses who are under the age of 65 and are not eligible for Medicare. Coverage is also available to their children who are under the age of 19. Non US residents must have resided in the US for at least 12 months. The other Short Term Health Insurance plans also have similar terms and conditions.
(Source: GoArticles.com)
The short term health insurance is a excellent choice for people residing in the United States who are between jobs, waiting to take up another health insurance, waiting for Medicare, newly graduated, or are on COBRA.
Temporary insurance can provide insurance against possible illnesses or injuries and do not typically include benefits such as preventive care, physicals, immunizations, dental or vision care and pre-existing medical conditions.
Temporary insurance is usually valid for U.S citizens who are under the age of 64, their spouses and children. People who want to take up temporary insurance need to complete a short health qualification questionnaire which is necessary for coverage approval.
Temporary insurance covers costs such as Hospital & Surgery Fees, Outpatient Doctor Office fees, Diagnostic & lab fees, Organs, tissue or bone marrow transplant. Short Term Health Insurance provides insurance for a minimum period of one month to a maximum period of 12 months. The maximum coverage offered under this plan is up to one or two million dollars.
Temporary insurance provides insurance for a minimum period of one month to a maximum period of 12 months. The maximum coverage offered under this plan is up to one or two million dollars.
There are several companies that provide short term medical insurance plans and depending on the duration and the benefits you require, you can choose an appropriate plan.
Assurant Short Term Health Insurance, Secure Short Term Medical Insurance, Golden Rule United Healthcare Short Term Insurance and Secure 12x3 Short Term Medical Insurance are a few of the many plans available. .
Assurant short term medical insurance plan can be bought for a minimum time period of 30 days and a maximum time period of 360 days and offers coverage for U.S citizens and their spouses who are under the age of 65 and are not eligible for Medicare. Coverage is also available to their children who are under the age of 19. Non US residents must have resided in the US for at least 12 months. The other Short Term Health Insurance plans also have similar terms and conditions.
(Source: GoArticles.com)
Tuesday, May 11, 2010
South Carolina third-most-affordable state in which to own a car
Charleston Regional Business Journal
May 5, 2010
South Carolina is the third-most-affordable state in which to own a car, according to a study by Edmunds.com.
The survey shows that it costs an average of $40,763 over a five-year period to own a car in the Palmetto State. Only New Hampshire and South Dakota are more affordable.
Owning a vehicle in Alaska, California or Hawaii costs about $10,000 more per year than it does in South Carolina.
The Edmunds study examines regional five-year ownership costs, consisting of depreciation, financing, taxes and fees, insurance premiums, fuel costs, maintenance and repairs for new and used vehicles.
States with the lowest average vehicle ownership costs in the country:
States with the highest average vehicle ownership costs in the country:
The True Cost to Own calculations use the following assumptions:
Source
May 5, 2010
South Carolina is the third-most-affordable state in which to own a car, according to a study by Edmunds.com.
The survey shows that it costs an average of $40,763 over a five-year period to own a car in the Palmetto State. Only New Hampshire and South Dakota are more affordable.
Owning a vehicle in Alaska, California or Hawaii costs about $10,000 more per year than it does in South Carolina.
The Edmunds study examines regional five-year ownership costs, consisting of depreciation, financing, taxes and fees, insurance premiums, fuel costs, maintenance and repairs for new and used vehicles.
States with the lowest average vehicle ownership costs in the country:
 |
| Click to enlarge |
States with the highest average vehicle ownership costs in the country:
 |
| Click to enlarge |
The True Cost to Own calculations use the following assumptions:
- Ownership expenses are for a five-year time span.
- Vehicles are driven an average of 15,000 miles per year.
- Vehicles are financed using traditional financing and not leased.
- Buyers are paying 10% down on the vehicle.
- Buyers are in the “gold” credit tier for the purpose of determining the finance rate.
- The loan term is 60 months.
- Buyers represent the average demographic for insurance rates.
Source
Monday, May 10, 2010
The Hartford's Bicentennial
The Hartford's Bicentennial
Congratulations to one of our partners, The Hartford which is celebrating 200 years of business. Their history is an interesting journey. The Hartford insured Abraham Lincoln's home before he became President. Triest Agency has been a Hartford partner for over 60 years.
Congratulations to one of our partners, The Hartford which is celebrating 200 years of business. Their history is an interesting journey. The Hartford insured Abraham Lincoln's home before he became President. Triest Agency has been a Hartford partner for over 60 years.
Thursday, May 06, 2010
Should You Buy Term Life Insurance? - Personal Finance - Insurance - SmartMoney.com
I've offered term life insurance for over 20 years and for many clients it is a smart decision. If you're not sure, I can help explain the differences in plans and most importantly find one that fits your particular situation.
Should You Buy Term Life Insurance? - Personal Finance - Insurance - SmartMoney.com
Should You Buy Term Life Insurance? - Personal Finance - Insurance - SmartMoney.com
Wednesday, May 05, 2010
Consumers Worry About Health Info Online - DailyFinance
Consumers Worry About Health Info Online - DailyFinance
Do you really want your private information about your health published online? I fully understand the benefits of having this information available in case of a medical emergency and the hospital or doctor needs your records quickly. Otherwise I hope we don't digitize our medical records on the internet. Internet information is hacked every day. I don't want my medical information hacked. Do you?
Do you really want your private information about your health published online? I fully understand the benefits of having this information available in case of a medical emergency and the hospital or doctor needs your records quickly. Otherwise I hope we don't digitize our medical records on the internet. Internet information is hacked every day. I don't want my medical information hacked. Do you?
Tuesday, May 04, 2010
Monday, May 03, 2010
Friday, April 30, 2010
New health care law traps some in pricey state plans - USATODAY.com
New health care law traps some in pricey state plans - USATODAY.com
This is an important article to read for those who are currently insured in state health insurance pools. I thought one of the intents of the new healthcare reform was to help people who are in high risk pools and are paying sky high rates. Instead they're not getting help and why not? Those who have sacrificed to be in the pools have been responsible citizens and they deserve the break. I agree that many people who wanted this coverage couldn't afford it and I am glad that they'll be able to get insurance at a reasonable rate. But what about the vast majority who are high risk and could have afforded coverage but just went without? They're getting the benefit of the new system. That's not fair. They should be penalized or the responsible citizens need to get a bigger break.
This is an important article to read for those who are currently insured in state health insurance pools. I thought one of the intents of the new healthcare reform was to help people who are in high risk pools and are paying sky high rates. Instead they're not getting help and why not? Those who have sacrificed to be in the pools have been responsible citizens and they deserve the break. I agree that many people who wanted this coverage couldn't afford it and I am glad that they'll be able to get insurance at a reasonable rate. But what about the vast majority who are high risk and could have afforded coverage but just went without? They're getting the benefit of the new system. That's not fair. They should be penalized or the responsible citizens need to get a bigger break.
Wednesday, April 28, 2010
Tuesday, April 27, 2010
Thursday, April 22, 2010
Wednesday, April 21, 2010
SCEARTHQUAKES.COM
SCEARTHQUAKES.COM
Like most people living in high risk areas, most Charlestonians aren't prepared if there is another big earthquake like the one in 1886.
Like most people living in high risk areas, most Charlestonians aren't prepared if there is another big earthquake like the one in 1886.
Tuesday, April 20, 2010
Wednesday, April 14, 2010
Toyota has more troubles
April 14, 2010 - Wall Street Journal
On April 13 Toyota Motor Corp. responded to the safety concerns about a Lexus sport-utility vehicle (SUV) recently published in Consumer Reports by temporarily stopping sales of the Lexus GX 460. The recent setback for Toyota comes in the wake of a series of safety recalls. Consumers Reports rarely issues a “don’t buy” recommendation but took the action against the Lexus model because of the possibility that the SUV could roll over in some circumstances. The magazine previously suspended its recommendations for eight models that Toyota recalled in January because of problems with sticking accelerator pedals.
Monday, April 12, 2010
What is a Declarations Page?
A Declarations Page is the part of a policy that lists your specific information. For instance, a homeowners declaration page will list your name, the address of your home, your policy number, the effective and expiration date of your policy, the premium for the coverages you have purchased and the limits of each of those coverages.
Terms you may find on your Declarations Page:
Terms you may find on your Declarations Page:
- Named Insured – this is the individual or business that is identified as the insured party.
- Additional Insured – an additional insured is someone listed on your policy because certain coverages on the policy can be afforded to them. For instance, if you lease a vehicle, the leasing company may require to be listed as an additional insured. The leasing company is still the owner of the vehicle, therefore, they can be liable for damages caused by the vehicle. Being listed as an additional insured on your policy will trigger your policy to afford some coverages to the leasing company in the event they are subjected a suit involving the vehicle.
- Endorsements – There can be circumstances where changes need to be made to the standard policy language. Instead of rewriting the entire policy, the insurance company includes endorsements to the policy. They are essentially amendments made to the insurance contract that can change the coverage or terms of the policy.Your Declarations Page will list which endorsements apply to your policy.
Wednesday, April 07, 2010
Smart homeowners assess insurance needs - washingtonpost.com
Smart homeowners assess insurance needs - washingtonpost.com
This is a very well written article. What she says applies to us in Charleston, SC as much as in Washington, DC. Call me if you have any questions about your coverage.
This is a very well written article. What she says applies to us in Charleston, SC as much as in Washington, DC. Call me if you have any questions about your coverage.
Monday, April 05, 2010
Consumers Guide To Health Reform - Kaiser Health News
I haven't had time to read all 2000 pages of the reform law. Kaiser always has great info on healthcare. Hope this helps to get you started in sorting out the changes that will be coming our way.
Consumers Guide To Health Reform - Kaiser Health News
Consumers Guide To Health Reform - Kaiser Health News
Thursday, April 01, 2010
Wednesday, March 31, 2010
Just how much life insurance do you need?
There are a couple of schools of thought as to how much you need. One is based on income replacement. Are you naming a beneficiary to provide them income in the event of your demise? Do they depend on your current income for their survival? If they need monthly income that would cease if you died, then you need to determine how much life insurance would be necessary to provide that income over the number of years the beneficiary will need it. Here's an example. Suppose you have a family with a spouse and three children. The family depends on your income for all their needs. You make $100,000 per year and the family has virtually no savings and a large mortgage on the house. Just how much coverage would you need to protect your family? This is not a guessing game. When you insured the house, you didn't guess on the value. You based the amount of insurance for the house based on the cost to replace. The same logic goes with this case for life insurance. How much life insurance would be necessary to replace what will be lost if you died. I can help you evaluate that need and make a sound decision.
Tuesday, March 30, 2010
Monday, March 29, 2010
The Post and Courier - Center will test structures in natural disasters - Charleston SC - postandcourier.com
"We are putting Mother Nature in a big box," said Julie Rochman, president and chief executive officer of the institute. "This is nothing short of incredible."
The Post and Courier - Center will test structures in natural disasters - Charleston SC - postandcourier.com
The Post and Courier - Center will test structures in natural disasters - Charleston SC - postandcourier.com
Friday, March 26, 2010
Know what's covered by homeowners and flood insurance | - NJ.com
The NFIP's web site is very helpful if you have questions about flood insurance.
Know what's covered by homeowners and flood insurance | - NJ.com
Know what's covered by homeowners and flood insurance | - NJ.com
Thursday, March 25, 2010
Wednesday, March 24, 2010
Health Care Bill's New Winners and Losers at SmartMoney.com
Health Care Bill's New Winners and Losers at SmartMoney.com
There shouldn't be any losers if it were structured correctly. Unfortunately the bill doesn't address the skyrocketing cost of health-care. I think we'll be revisiting this problem in a few years when people cannot afford the coverage.
There shouldn't be any losers if it were structured correctly. Unfortunately the bill doesn't address the skyrocketing cost of health-care. I think we'll be revisiting this problem in a few years when people cannot afford the coverage.
Tuesday, March 23, 2010
Charleston Homeowners Insurance
Triest Insurance Agency in sunny Charleston is composed of financial professionals who offer high quality insurance and financial products and services to the individual and business marketplace. We specialize in Charleston Homeowners Insurance as well as auto and health insurance in Charleston, South Carolina and surrounding areas.
Our professionals have extensive experience and knowledge in the products they offer as well as the expertise on how to use those products to provide maximum benefit and protection to the clients we serve. It is our commitment and desire to establish trust and a long lasting relationship with our clients. This commitment has served us well throughout the years. We take pride in knowing that our clients keep returning to us for advice.
If you have a need for our services, call us 843-556-6232 or complete our Contact form.
Our professionals have extensive experience and knowledge in the products they offer as well as the expertise on how to use those products to provide maximum benefit and protection to the clients we serve. It is our commitment and desire to establish trust and a long lasting relationship with our clients. This commitment has served us well throughout the years. We take pride in knowing that our clients keep returning to us for advice.
If you have a need for our services, call us 843-556-6232 or complete our Contact form.
Monday, March 22, 2010
Friday, March 19, 2010
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