Is Your Credit Score Costing You Money?

Many people scour the market for affordable insurance policies.  After all, paying the cheapest premium can save hundreds of dollars every year.  However, many people fail to realize their credit plays a significant role in securing a more affordable premium.

Insurers believe individuals with better credit will have less frequent and less expensive losses over time.  Because of this, better credit leads to lower premiums and more affordable policies.  Whether you’re purchasing insurance for the first time or investigating ways to reduce your current costs, it’s best to know what matters to insurers.  Follow these tips to improve your credit and lock in that affordable rate. Continue reading Is Your Credit Score Costing You Money?

5 Need to Know Rental Agreement Tips

Rental agreementMoving from one rental to the next can be a monumental task.  The most important aspect of any move is making sure it’s the right move. Of all the needs people seek to fulfill, the most important is safety and security in their living space.

So you’ve found a spot you like, and you’re ready to pull the trigger.  Are you prepared to sign the lease?  Follow these 5 tips to secure your rental and your peace of mind.

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Should You Add On Identity Theft Restoration Coverage?

Idenity theft
Protect yourself from identity theft

The statistics on identity theft are, quite frankly, staggering. Identity theft happens every two seconds, creating an estimated $80 million dollars worth of annual damages. Any time someone’s personal information is used to access money is considered identity theft – even if the the personal information accessed isn’t used for financial gain. Continue reading Should You Add On Identity Theft Restoration Coverage?

The 6 Things To Know About Landlord Insurance

Landlord InsuranceIn most cases, obtaining landlord insurance is a great way to protect yourself against the risks associated with tenants living in your home or apartment. Renting out a property you own can be lucrative – an excellent source of recurring cash inflow. However, landlords have their liabilities.

While homeowners insurance typically covers a home you own and live in, it will not protect you if you’re renting out your property for the long term. Continue reading The 6 Things To Know About Landlord Insurance

Keep Your Children Safe With Carseat Coverage

Sleeping-baby-in-carseat-insuranceIf you have children, you know what a beautiful and crazy time the nine months before and after their birth is. Crazy with questions, advice, contacts.. Information is being shoved at you from every direction, and it’s honestly just confusing you even more. If there’s one thing we’re sure all your friends and family could agree on, before diaper brands and feeding schedules, it was safety. Your children’s safety is and always was your number one priority, but there are many facets that go into ensuring that..

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Boat Insurance: 5 Most Asked Questions

Passarell Insurance Boat insuranceWe often speak of accidents on the road, but what about accidents on the water? If you own a boat, you are equally responsible for other boaterson the water, as you would be drivers on the road. Boating safety is a serious issue. In 2013, there were 4,062 boating accidents with $39 million dollars in property damage. You probably spent a good chunky of money on your boat, and certainly lots of time and more money fixing it up, prepping it for summer fun. Dont let all that go to waste by ignoring the very important factor of boat insurance!

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Do I Need A Commercial Insurance Policy?

business insurance for vehiclesJust as businesses are responsible for their product, customer satisfaction and profit, they are also responsible for the vehicles they put on the road for that business. Companies aren’t excused from covering themselves on the road, especially when they are utilizing a “work” vehicle, and other employees are operating it. This is why getting covered under a commercial insurance policy is so important for businesses- they have their entire business to lose.

A commercial insurance policy, just as a personal auto policy, covers your vehicle, except the policy operates under your business’s name. Your company is the primary insured.

A commercial policy includes liability, collision, comprehensive, medical payments or personal injury protection, and uninsured/underinsured motorist. For bodily injury, if you are at fault, your commercial policy pays for injuries to others. Liability coverage greatly helps your business avoid lawsuits.

Now, not every service requires a commercial policy. Depending on your business, it’s size, it’s purpose and what it’s transporting, you may be adequately covered on your personal auto policy.

Here are businesses that don’t necessarily call for commercial coverage:

Marykay or Tupperware consultant – As long as this isn’t your primary business, and you are just selling the product, then a personal policy will do just fine. However, if this is your full-time job, and you drive over 100 miles a day, 500 miles a week, then you need to enroll in a commercial policy.

Home health care and social workers – as long as they don’t regularly transport people, a personal auto policy will do.

  • Real estate agents
  • Lawyers
  • Accountants
  • Clergy
  • Doctors

Here are businesses that need commercial coverage:

While these businesses can get away with a personal auto policy, most companies that deliver and depend on a vehicle for regular service, need commercial vehicle insurance. You need a commercial policy if you are:

  • Using the vehicle to transport goods or people for a fee.
  • Using the vehicle to conduct a service.
  • Hauling tools/equipment or towing a trailer to conduct your business.
  • Carrying hazardous materials.
  • Carrying housing-keeping equipment for your business.
  • Towing for hire.
  • Delivering goods (pizza/flowers/wholesale retail).
  • Delivering newspaper (in a rural area).
  • A messenger, deliverer or chauffer.

And you certainly need a commercial policy if employees operate the vehicle, or ownership is under the business name. Vans and pick-ups over 10K in weight are covered under a personal auto policy.

If you’re operating a business that utilizes transportation regularly, you need to get that vehicle covered immediately. If one of your work cars gets involved in an accident, not only will you be down a car (possibly your only one) – you may lose your business altogether. If someone is harmed or serious damage occurs, prepare for lawsuit.

As a business-owner, it’s your responsibility to cover all aspects of your business, and the company car is one of the most important. Don’t let an accident destroy your livelihood. Cover yourself and keep your business intact for the long road head. Call one of our Insurance Architects to put your commercial insurance policy into place today!

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How To Protect Your Home This Hurricane Season

Hurricane season is coming up

It’s going to be a stormy one!

Hurricane Season 2015Unpredictable to say the least. In fact, with climate change in affect moreintensely now than ever, it’s a good time to start thinking about some serious adjustments in protecting your home. Strong winds, flooding, tree’s down; hurricanes can come rolling in out of nowhere and cause severe storm damage in a matter of hours. The aftermath can leave some homes in shambles, or in need of intensive repair – which is why it’s so important to understand storm safety.

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What You Need To Know About Towing & Rental Car Coverage

Towing Coverage and Rental Car Coverage

Towing and rental coverageHave you ever gotten a flat, in the middle of an eery, dark highway, fog rolling in, with no sound but the crickets? Maybe not. But we’re sure you would never want that to happen, right? Unfortunately, people get flats all the time. Just like peoples’ engines go all the time. When you’re out in the middle of nowhere, with no one around to help, these instances can seem terrifying. Of course, the most logical course of action would be to call your insurance agent. But say you call, one bar left on your phone, only to realize .. dun dun dun.. your insurance plan doesn’t cover towing. That’s okay, you’ll just get a rental car. But low and behold – your plan doesn’t cover that either. Great, so now you’re stuck in the middle of a nameless town, your agent can’t help you, and you swear you hear a chainsaw in the distance..

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