There Are Proven Ways To Reduce Your Auto Insurance Premiums

Auto Insurance

When it comes to purchasing auto insurance, having options can be a very important way to save money. Putting money back in your pocket is one of our primary goals.  We know and understand the auto insurance market.  This allows us to provide you with the best possible combination of pricing, coverage and service.

Auto insurance rates differ from company to company, so it really pays to have us shop your insurance. Some markets offer better rates for trucks, RV and campers, while others can offer better rates for motorcycles.

How to reduce your auto premium

There are many things you can do to keep your auto rates at the lowest level possible.

Review your deductibles. According to the Insurance Information Institute, raising your deductible from $200 to $500 could reduce your Collision and Comprehensive costs by 15 to 20 percent.

Encourage your student driver to get the best grades possible. Most major insurance companies offer a discount for students in good academic standing.

Select a safe car. Check out which cars are popular with thieves and avoid them. Also, the more expensive the car, the higher the premiums.

Be a safe driver. The more accidents and tickets you have, the higher the premiums will be.

Purchase a car with an alarm or LoJack. LoJack® Stolen Vehicle Recovery System provides car owners with peace of mind knowing that if their vehicle is stolen, they have the best chance of getting it back.

Be loyal. Many auto insurance companies offer loyalty discounts if you stay with them over time.

Check for other auto insurance discounts. These might include taking safe driver courses, senior discounts and more.

You might be able to pay less for your car insurance premium and not even know it. So it pays to connect with us to review your insurance needs.

Business Insurance Has Risks

We Help You Understand the Risk vs. Reward

We understand that your business is unique.  You serve people first, and foremost.  Just because you are a small business does not mean you are exempt from litigation.  Commercial Liability Insurance from Jewell Insurance offers protection to your businesses.  It covers claims from property damage and/or bodily injury to a third party caused by your business operations, or from your premises.  This general liability coverage may also provide for the legal defense of the insured.

General Liability Insurance should be the foundation of your insurance program.  General Liability Insurance provides the following coverage:

Bodily Injury – Bodily Injury to a third party.

Property Damage – Damage to a third party’s property (equipment building etc.).

Personal Injury – Injury to the mind or emotions, as opposed to an injury to property.

Advertising Liability – Damages arising out of advertising, libel, slander, or invasion of privacy.

Products and Completed Operations – Liability arising out of products or business operations and services conducted, excluding professional services.

Premises – Covers liability arising out of injury to third parties while on your premises.

Medical Payments – A general liability coverage that reimburses others, without regard to the insured’s liability, for bodily injury while on your premises.

General Liability Insurance is designed to cover defense costs as well as judgments.  It is an important part of your recommended insurance program.

 

Are You Covered if you Rent out Part of Your Home Through Home-Sharing Networks?

A Personal Insurance Update

More and more people are deciding to rent out a room to third parties through home-sharing networks. This can be a good way to make extra money to help you pay your mortgage or other expenses. Many people still do not understand if their homeowner’s insurance provides coverage for this exposure.  Do you know who is liable if your renter is hurt while on your premises?

Here are facts that may help you decide if you want to rent out a room or your second home:

If you have a rental, you are not covered under a standard homeowner’s insurance policy.

Some home-sharing companies may offer coverage, but there could be coverage gaps.

There may be no coverage for injury to your neighbor’s property, injury to your neighbor, theft of your property, or stolen items.

It is best to check with our office about the coverage options you may need based on your individual circumstances.  Our goal will be to provide the best possible combination of coverage, price, and service.

Have You Considered These Types of Insurance?

 

A personal Insurance Update

People buy insurance to protect their assets from loss.  Typically, that includes homeowner’s insurance, auto insurance, life insurance, and a personal health policy.  However, there are other kinds of personal insurance that you may not have considered.  A balanced personal insurance program may consist of some of the following kinds of coverage.

Earthquake or flood insurance. Depending on where you live, you may need to consider this kind of disaster insurance.

Home based business insurance. If you operate a business from home, your homeowner’s insurance will not cover this.  You will need a business insurance policy.

Sewer backup coverage. Your homeowner’s insurance will cover water damage from a cracked pipe (per the terms of your policy), but if your sewer is backed up from outside your home, you may have a gap in coverage.

Personal umbrella. A personal umbrella policy will provide limits of coverage over and above your homeowner’s and auto insurance.  If you own a boat, pool, ATV, or own your home, you may want to consider a personal umbrella policy.

Identity theft. Identity theft insurance covers your out of pocket expenses such as legal fees and other expenses to clear up your personal records.

Cyber Risk Update

Over the last several years, cyber liability coverage has evolved from just insurance for information technology companies to coverage that nearly every class of business should have if they don’t already. From retailers, banks, contractors, distributors, restaurants and medical offices, many businesses are unaware of the great security technology exposure they face. Recent state laws require companies that have experienced a security breach to notify all customers that could be affected by the breach that their information has been compromised, even if the information hasn’t been used. In most cases, the notification also requires an option of one-year credit monitoring services and a new card or account number for the customer. Costs can be as much as $250 per individual breach.

In Oregon, a private company experienced online bank fraud and lost $75,000 in one day. This new cybercrime is directed to small and medium businesses. The scam is called pushing and involves unsuspecting companies being lured into installing malicious software. This download looks likes it is coming from a bank or other financial institution. The malicious software hides and records everything the person does on their personal/business computer. It records usernames and passwords for every kind of transaction, including wire transfers The software will then forward the stolen data along with digital certificate information to the thief who will promptly use the information to transfer funds out of the organization’s bank account. As of October 2015, U.S. small businesses have had over $100,000,000 in losses.

Most business insurance policies do not cover computer fraud by a third party or the liability arising out of a cyber-attack. The good news is solutions are available. Make sure your crime policy has electronic crime and fraud coverage with appropriate limits.

Cyber Insurance

We can provide your firm with the right combination of pricing and coverage. Cyber insurance is available at very reasonable premiums. Many of our companies offer coverage to help protect your business from loss.

Civil Disobedience Is Newer Civil

A Risk Management Update

There seems to be a growing number of protects and civil disobedience these days. For whatever the reason for the protests, it does create a risk for your business. Your business insurance is designed to protect your business from unknown claims or accidents. Our job is to be your business insurance resource and to provide you with the best combination of coverage, price, and service. A commercial liability policy can protect your company from actions by yourself and employees if a third party is damaged or injured.

Are Riots A Covered Loss?

Generally speaking, damage to your building and other property due a riot is a covered peril. This would include fire, theft, and vandalism. If you were forced to close your business by civil authority but had no building damage you may be able to collect for lost revenue, depending on how your policy is written. Remember, each policy is unique, so call our office for a review.

What If The Fire Department Refuses To Put Out The Fire?

Insurance companies generally will not deny a claim because the fire department pulled back for safety reasons. If civil authorities limit or restrict access to a burning building, your insurance will not be jeopardized.

Final Thoughts

Business insurance is designed to protect your business from accidents and other unforeseen events. Many of the damaged businesses had insurance, and those that did not will most likely have to close their doors.

What’s Under Your Roof?

 A Home Insurance Review

Have you ever stopped to think about all the things that could cause damage to your home and personal property? Probably not, but we think about your personal insurance coverage every day. Your homeowner’s insurance is designed to protect you from claims that can come from many different events. We can design a homeowner’s insurance product that fits your individual needs. Here are a few of the kinds of events that can be covered under your roof.

 

What is Not Covered Under Your Roof

A standard homeowner’s insurance policy will not cover; earthquake, flood, wear and tear, damage from animals, mold, acts of war, government actions, tenant damage, defective work, plus others.

Personal Property

Your homeowner’s insurance can also cover your personal belonging. This might include; cloths, furniture, and other items.

Do You Have A Leak In Your Roof?

Do you have coverage for additional living expenses if you are required to move out of your home while it is being repaired? If you own guns, art, or other collections, you may need additional coverage. Is your expensive jewelry cover while away from your home? If you don’t know the answers to these questions, call us today.

 

 

 

Are You Looking for Affordable Auto Insurance?

Everyone wants affordable auto insurance.  Therefore, it is wise to spend some time educating yourself to make intelligent decisions about your next auto insurance purchase.  You do not need to be an insurance expert to understand the fundamentals involved in auto insurance, but a basic understanding of common terms will definitely help you make an informed decision.  Too often people avoid all responsibility when it comes to buying their auto insurance—only to realize later that they have made a costly mistake.

An excellent way to start the auto insurance purchasing process is to look at the declarations page of your auto insurance policy.  There you will find the policy’s expiration date, premiums, coverage, and limits.  In addition, by selecting an independent insurance agent to shop the market for you, you will end up with better coverage and competitive pricing.

The Declarations Page

Policy Period – This is the specific time that the policy is valid. Some auto insurance policies have an annual renewal, while others have a six-month renewal.  Do not shop for auto insurance with a declarations page that shows that your policy period has expired.  That could cause you to be placed in a sub-standard market.  Show your agent the current declarations page.

Vehicles – Your vehicles will affect your physical damage premium. Make sure that you give the agent the correct vehicle identification number of all of your cars. This is usually found on your declarations page.

Drivers in the Household – Every resident relative with a driver’s license should be listed on the policy unless they have other insurance.

Liability Limits – These are the limits for bodily injury and property damage insurance. This is essential coverage and not a smart place to cut costs. This portion of your policy pays benefits to the party that you may have injured in an auto accident.  It also pays for the damage to their vehicle.

Physical Damage – This is your collision and comprehensive benefit. It is physical damage coverage for your automobiles. Your deductible selection will raise or lower the rate.

Ask your agent about discounts and options.  Learn all that you can, and you can help make your auto insurance more affordable.

 

Prom and Graduation Safety

This is the time of year when graduation parties and proms are in full swing. We congratulate all graduates on a job well done. High school is full of defining moments for Bay Area teens and two of the highlights for most are prom and graduation. We want your celebration to be a happy and safe one, so here are a few tips.

Teen driving tips to keep prom and graduation safe

However, this time of year often sees other, more tragic defining moments – serious car accidents involving teens who are distracted or even under the influence of alcohol or drugs.

First, encourage your teen to follow these general safe-driving rules:
Absolutely no alcohol
Always use seat belts
No cell phone use (including texting) while driving

Special circumstances

Of course, special events such as prom and graduation often present special circumstances. There may be dinner with dates before the dance and parties before or after either event. It’s a good idea to discuss your expectations well before each event, putting some guidelines into place before your teen heads out for the night. Here are some ideas:

Make sure you know the itinerary of the evening, as well as who else will be with your teen. You should have contact information for everyone.

Have a way to contact your teen at all times. You may want to require them to check in with you once or twice over the course of the evening.

Set a curfew, whether they are coming back to your home or staying with a friend. If they are staying elsewhere, make sure the curfew will be enforced by a responsible adult.

Discuss with your teen how to handle difficult situations, such as facing pressure to drink, or accepting a ride with someone who shouldn’t be driving. It’s a good idea to provide your child with money for a taxi just in case.

Offer a “no-questions-asked” ride home, should they need one during the evening.

If you’re worried about your teen driving, consider alternate transportation. A car service or limousine will provide a responsible, experienced adult driver. You also will be able to limit changes to the itinerary and contact the driver.

You May Have More Risk Than You Think

Most Americans have risks associated with their wealth and need the right insurance to manage that risk

When we think of high net worth people, most of us tend to think of CEO’s, athletes, or celebrities.  However, what we fail to realize, is that you do not have to be a CEO to have personal risks.  In 2017, over 3 million people increased their net worth to over a million dollars.  Even if your net worth is well under a million dollars, you have considerable personal risks.  We can help you manage all your personal risks.

Do you own a boat, motorcycle, or another recreational toys? If so, you need to make sure these assets are covered correctly.  We would also recommend a personal umbrella policy to cover your increased risk of injury to third parties.

Smart technology. Almost everyone is getting smart cars or homes. This could include a smart watch, video systems in your home, the Nest thermostat and more. All these items should be insured, and you will want to talk to our team about these.

Vacation homes or condominiums. According to the National Association of Realtors, 46% of vacation homes purchased in 2015 were in the South and 25% in the West, both of these areas are hotbeds for wildfire activity.

Jewelry, guns, and other collections. If you have a gun collection or expensive jewelry, you will need to have these insured separately.