Here are 5 questions that you should know about your current insurance. If you can’t answer these or if your current agency is having trouble in answering these questions maybe it is time to look for a more responsive agency!!
1) What factors can affect your auto insurance policy?
· Your age and martial status
· Where you live and how you use your vehicle
· Your accident history and safety features on your car
· Your credit based insurance score
· All the above can have an affect on your policy, depending on the type of coverage and the state in which you drive
2) If you have personal auto insurance will it always cover a rental car?
· Yes
· No
3) If you let a friend drive your car and he or she is at fault in an accident, does your personal auto policy coverage damage to this other vehicle?
· Yes, coverage typically extends to the permitted user of the car
· No, my friends insurance covers it
4) What type of insurance provides coverage if a person injured in an accident decides to file a lawsuit?
· Liability coverage associated with auto and homeowners insurance
· An Umbrella Policy
· A personal catastrophe Liability Policy
· All the above
5) A flood has recently left several inches of water in your house. Does your homeowners insurance cover the damages?
· Yes
· No
10.18.2009
Saturday, October 17, 2009
Monday, August 3, 2009
Identity Theft
Identity Theft and how to protect yourself
There is a difference between fraud and identity theft. Fraud is when someone steals your credit card, ATM, or debit card to make unauthorized purchases. Fraudulent charges, forged checks, counterfeit money, or criminal deception may all be signs of fraud. But it may not indicate that a person’s identity was stolen.
Identity theft is far more serious. Identity theft is a criminal event that occurs when one person takes the personal information of another. The thief can open new credit accounts, purchase vehicles, establish services with utility companies, rent dwellings, and apply for everything from loans to social benefits. All this can be in the victim’s name without their knowledge.
The Erie Insurance Company knows that identity theft can be as damaging as any physical disaster. Their ‘Identity Recovery Coverage’ is proof of their commitment. This coverage can be added to most new and existing Erie owner occupied and tenant policies as an optional endorsement.
For a $20 a year you will be provided a $25,000 annual combined limit of coverage, per insured individual, per policy period. This coverage reimburses the policy holder for expenses incurred to restore their identity after theft has been discovered and for reimbursement after fraud occurs. It also provides valuable case management services that assist the insured through the recovery process.
Needless to say, this is great coverage at a great value. Want more information? Call me.
There is a difference between fraud and identity theft. Fraud is when someone steals your credit card, ATM, or debit card to make unauthorized purchases. Fraudulent charges, forged checks, counterfeit money, or criminal deception may all be signs of fraud. But it may not indicate that a person’s identity was stolen.
Identity theft is far more serious. Identity theft is a criminal event that occurs when one person takes the personal information of another. The thief can open new credit accounts, purchase vehicles, establish services with utility companies, rent dwellings, and apply for everything from loans to social benefits. All this can be in the victim’s name without their knowledge.
The Erie Insurance Company knows that identity theft can be as damaging as any physical disaster. Their ‘Identity Recovery Coverage’ is proof of their commitment. This coverage can be added to most new and existing Erie owner occupied and tenant policies as an optional endorsement.
For a $20 a year you will be provided a $25,000 annual combined limit of coverage, per insured individual, per policy period. This coverage reimburses the policy holder for expenses incurred to restore their identity after theft has been discovered and for reimbursement after fraud occurs. It also provides valuable case management services that assist the insured through the recovery process.
Needless to say, this is great coverage at a great value. Want more information? Call me.
Saturday, July 25, 2009
What is ‘insurance’ and how does it work?
Insurance is a social device for spreading the chance of financial loss.
In purchasing insurance, a person agrees to share a risk with a larger group of people. Doing this reduces the individual financial responsibility during a covered loss. In other words: a large, uncertain loss is traded in this way for a small, certain loss. This smaller certain loss is the premium.
Who can purchase insurance?
To be insurable, a risk must involve the possibility of loss only, and not gain. And the applicant must have a legitimate interest in the preservation of the life or property insured. This is the “Insurable Interest”.
How do insurance companies know what to charge?
The law of “Large Numbers” is one of the primary factors which allow insurance companies to predict the expected loss within a group. The basic principle of this law states: the larger the number of separate risks of a like nature combined into one group, the more predictable the number of future losses of that group within a given time period. The large the group, the more closely the predicted experience will approach the actual loss. Insurance companies can only predict the number of losses expected for a group, not for each individual.
Why should my premium go up if I have never had a claim?
Insurance companies collect premium to cover expenses, profits, and the cost of expected losses. The expected losses are based upon the past experience of the average risk. The fact that some people never experience a loss is immaterial, for they are balanced by other people who are involved with a loss.
Insurance is a social device for spreading the chance of financial loss.
In purchasing insurance, a person agrees to share a risk with a larger group of people. Doing this reduces the individual financial responsibility during a covered loss. In other words: a large, uncertain loss is traded in this way for a small, certain loss. This smaller certain loss is the premium.
Who can purchase insurance?
To be insurable, a risk must involve the possibility of loss only, and not gain. And the applicant must have a legitimate interest in the preservation of the life or property insured. This is the “Insurable Interest”.
How do insurance companies know what to charge?
The law of “Large Numbers” is one of the primary factors which allow insurance companies to predict the expected loss within a group. The basic principle of this law states: the larger the number of separate risks of a like nature combined into one group, the more predictable the number of future losses of that group within a given time period. The large the group, the more closely the predicted experience will approach the actual loss. Insurance companies can only predict the number of losses expected for a group, not for each individual.
Why should my premium go up if I have never had a claim?
Insurance companies collect premium to cover expenses, profits, and the cost of expected losses. The expected losses are based upon the past experience of the average risk. The fact that some people never experience a loss is immaterial, for they are balanced by other people who are involved with a loss.
Friday, July 17, 2009
What about life insurance?
Life insurance isn’t a topic you hope to have with old friends over coffee. It doesn’t feel like something you’d think about at the end of a lazy Sunday afternoon. In fact, you might not want to think about life insurance at all.
Think about life insurance, and you start thinking about what you’re insuring against. You start thinking about how things end, your own mortality, and all the traditions and values you hope to leave behind. The more you think about those, the more you think life insurance is a topic best left for another day.
But life insurance is really about the financial future of you and your family. It’s about creating stability, securing benefits, and protecting their opportunities. It’s about making sure that your family keeps their balance and normalcy in tough times.
But most importantly, it’s a safety net. With most families today needing two incomes to get by, loosing one of the breadwinners can cause enormous financial damage. And your family will have enough on their minds without sudden financial obligations to worry about.
The best way to use life insurance is to find the right policy for you. In a lifetime people can buy homes, graduate from school, get married, have children, change jobs, and retire. Each time your life changes, so does your life insurance needs. And since each policy on the market offers a different level of protection, one major life change can leave your coverage in doubt. Even good universal life insurance may not cover everything.
Does life insurance sound like a talk you should be having? All it takes is someone to walk you through your coverage to make that uncomfortable conversation seem optimistic.
Call me up today. I specialize in different types of polices, each tailored for the different stages of life. Chances are I have a policy that will work for you.
Life insurance isn’t a topic you hope to have with old friends over coffee. It doesn’t feel like something you’d think about at the end of a lazy Sunday afternoon. In fact, you might not want to think about life insurance at all.
Think about life insurance, and you start thinking about what you’re insuring against. You start thinking about how things end, your own mortality, and all the traditions and values you hope to leave behind. The more you think about those, the more you think life insurance is a topic best left for another day.
But life insurance is really about the financial future of you and your family. It’s about creating stability, securing benefits, and protecting their opportunities. It’s about making sure that your family keeps their balance and normalcy in tough times.
But most importantly, it’s a safety net. With most families today needing two incomes to get by, loosing one of the breadwinners can cause enormous financial damage. And your family will have enough on their minds without sudden financial obligations to worry about.
The best way to use life insurance is to find the right policy for you. In a lifetime people can buy homes, graduate from school, get married, have children, change jobs, and retire. Each time your life changes, so does your life insurance needs. And since each policy on the market offers a different level of protection, one major life change can leave your coverage in doubt. Even good universal life insurance may not cover everything.
Does life insurance sound like a talk you should be having? All it takes is someone to walk you through your coverage to make that uncomfortable conversation seem optimistic.
Call me up today. I specialize in different types of polices, each tailored for the different stages of life. Chances are I have a policy that will work for you.
Monday, July 13, 2009
Hello,
When was the last time you thought about insurance? If you’re like most people, you last looked at a policy when you needed to change it. You may have wanted to satisfy the minimum requirements of a mortgage or vehicle loan. Your insurance rates may have changed and you were shopping for an economical solution.
But if you are like most people, you haven’t looked in-depth at the policy you have. You haven’t verified you have coverage on both your ‘Hard Assets’ and ‘Soft Assets’. Or you haven’t had someone walk you through your policy and explain the amounts you’re covered at. And if you’re unclear or even unsure about what you’re paying for, you may be shocked when the time comes to cash your policy in.
Randy Render has the knowledge, resources, and patience to clear up the confusion. He has been helping people with their insurance protection needs since 2002. Randy considers it his mission to protect the assets of his clients. He understands how devastating the loss of a life, a house, or an income can be. And he’s seen how those hard times can be worsened by gaps in needed coverage.
Better coverage through The Render Insurance Agency starts with a free, no-obligation discussion. In just 30 minutes, we will review your current policies, let you ask the tough questions, and give you perspective on what you’ve actually been paying for. We will explain the options available, and the consequences that occur with or without specific coverage options. Many of our clients have seen better coverage and a reduction in rates through our proven approach.
Shouldn’t your family’s assets be protected through an insurance agent that you “like, know and trust”?
Set up your appointment with Randy Render at 330-899-0499.
written by Leigh Adamkiewicz
When was the last time you thought about insurance? If you’re like most people, you last looked at a policy when you needed to change it. You may have wanted to satisfy the minimum requirements of a mortgage or vehicle loan. Your insurance rates may have changed and you were shopping for an economical solution.
But if you are like most people, you haven’t looked in-depth at the policy you have. You haven’t verified you have coverage on both your ‘Hard Assets’ and ‘Soft Assets’. Or you haven’t had someone walk you through your policy and explain the amounts you’re covered at. And if you’re unclear or even unsure about what you’re paying for, you may be shocked when the time comes to cash your policy in.
Randy Render has the knowledge, resources, and patience to clear up the confusion. He has been helping people with their insurance protection needs since 2002. Randy considers it his mission to protect the assets of his clients. He understands how devastating the loss of a life, a house, or an income can be. And he’s seen how those hard times can be worsened by gaps in needed coverage.
Better coverage through The Render Insurance Agency starts with a free, no-obligation discussion. In just 30 minutes, we will review your current policies, let you ask the tough questions, and give you perspective on what you’ve actually been paying for. We will explain the options available, and the consequences that occur with or without specific coverage options. Many of our clients have seen better coverage and a reduction in rates through our proven approach.
Shouldn’t your family’s assets be protected through an insurance agent that you “like, know and trust”?
Set up your appointment with Randy Render at 330-899-0499.
written by Leigh Adamkiewicz
Monday, February 5, 2007
10 Reasons to check Your Current Insurance Coverages
- Remodeling or Building an Addition to Your Property-When you hire the contractor, request a certificate of insurance to confirm their liability coverage. Call me so we can review the contractors liability coverage
- Teen Drivers-If a teenager in your home is learning how to drive, even with a learner's permit they need insurance.
- New Swimming Pool-Call me I can recommend steps that you can take to help keep your backyard safe and determine whether additional liability coverage should be considered
- New Work Location-If you have accepted a position where you will have a shorter or longer commute to work call me. A significant change in annual mileage could warrant a change in your auto policy
- Retirement-When it's time to retire, you may be able to maximize the benefits of your retirement plan with a life insurance program
- A Change in Vehicles-If you've purchased or leased a new or used vehicle you should call me as soon as possible. Car dealers are required by law to confirm insurance coverage, but only you can make the necessary changes to your policy
- Home or Auto Refinance-When you're taking advantage of lower interest rates by refinancing your home or vehicle, your policy will need to be updated to reflect the new lien holder
- Just Married or New Baby-When you get married or welcome a new baby to the family, the new responsibilities may warrant a change in your home, auto and life insurance coverage.
- Purchased Valuables-When you purchase valuables such as a diamond ring or a rare piece of art, you should call me. Your home owners policy covers personal belongings and furnishings, but higher-valued items may have coverage limitations. An endorsement may be advisable for more costly or unusual items.
- Home Business-If you are starting a business in your home, you should call me. Depending on equipment and the nature of your work, an endorsement or separate policy may be necessary top protect your investment and liability exposure
Monday, January 22, 2007
FACTS AND QUESTIONS TO CONSIDER
Erie Insurance is one of the insurance companies that I represent. I would say that Erie Insurance is my flagship company for Property and Casualty Insurance. The Erie Insurance Company has great programs for individuals and commercial accounts. below are some improvements that The Erie Insurance Company made to their individual coverages' in the last quarter of 2006.
- Comprehensive Perils Coverage is now available on boats up to 15 years of old.
- Named Perils Coverage is now available on boats up to 25 years old.
The Erie Insurance Company has extended Named Insured Status to Domestic Partners on Private Auto, Boat Protection and Umbrella policies. In addition you can apply multi-policy and multi-car discounts to qualifying policies. This is great news for couples that live together but are not legally married.
- This improvement alone has saved people many hundreds of dollars by being able to have one policy to cover all the vehicles, the home and umbrella policy.
Question of the week: Does your current home protection policy contain:
- Sewage or Drain back-up coverage? If so how much coverage?
- Identity Thief Recovery protection? If so how much coverage?
- Is your jewelry, furs, watches, precious and semi-precious stones covered for theft, misplacing or lost? Have you reappraised these items in the last 3 years?
- Can you rebuild your home for what you have it insured for?
These are the types of questions you should know the answer to. If you don't know or don't know who to call to get the answers then it is time we should talk.
Randy @ render Insurance Agency RRender@RenderInsuranceAgency.com
It is easy to find insurance, but hard to find an Insurance Agent.
Sunday, January 14, 2007
insurance is NOT a commodity
It is amazing to me the people that pay home insurance premiums for years and really do not know what type or amount of coverage they have. This has been my mission since I opened my own Insurance Agency: to inform people as to the serious nature of their personal coverages and that everyone should review their insurance coverages every other year at a minimum. If family situations change the policies should be reviewed sooner. While this is agreeable to most people the actual act of doing it never seems to happen. The question is how can I impress upon people the need to do this. I promote myself by making the statement "If you have not talked to your current insurance agent in the last year then maybe we should talk" Most people treat insurance as a necessary evil. They believe insurance is more of a commodity than an ever changing product that fluxuates greatly between companies. Insurance is something that should be taken very seriously. When you need the services of your insurance policy you want confiendence from the Agent and Company that your expectations will be met
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