Auto insurance rates vs coverage

Posted By Tom Sawyer In Auto Insurance , Insurance Coverages , Insurance Rates | 0 Comments | Permalink | print this article
Rate vs. proper coverage ...this is why we are not always the " lowest auto insurance rate" Biggest Auto Insurance misconception: People think when they carry comprehensive and collision AKA: " full coverage" , that they have everything they will need protection wise, in the event of any accident or issue. This could not be farther from the truth. Comprehensive and collision coverage is purely for the vehicle itself and damage that may occur to the vehicle. While it may feel good knowing your vehicle is covered in the event of damage, your real risk lies elsewhere. The liability coverage levels in your policy, are what truly defines your protection. State legal minimums can be as low as 25,000/ 50,000 . This amount clearly would not be enough coverage in the event of any serious accident or claim, yet this amount is "defined" as legal. For perspective, if you were to cause an accident and seriously hurt four people in the other vehicle, at state minimums the maximum amount your insurance policy would pay is 25,000...for the entire accident! Once the carrier had paid this amount, ( tendered limits) you would then be on your own to defend yourself. This exposes you to huge medical liabilities, wage garnishment and punitive damages that can easily force you into bankruptcy. Issues like the above , can be easily avoided if you have proper broker representation at the time of placing coverage. It is our professional duty, to offer proper coverage limits for your risk, NOT just the lowest rate. We will explain the coverage vs. cost value and why you need certain levels of coverage. Take the time to call us at Eagle Harbor Insurance or any other broker, explain your risk /assets, and get what you pay for insurance wise. Like any other purchase, insurance has value, do not cheat yourself out of proper coverage over a few dollars. Short term savings can equal long term disaster. Just todays thoughts :)

What we " are" as Eagle Harbor Insurance

What really is an insurance brokerage? I get asked this all the time ! I also hear folks around town say "My insurance carrier is Eagle Harbor Insurance". This question or puzzle has a clear , yet broad answer: An insurance brokerage, such as Eagle Harbor Insurance is actually an intermediary between you the client and the true insurance carrier. We as a brokerage represent YOU as our client, and we always strive to find you the best rates and coverage. We shop your coverage annually and make sure we get you the best rate and carrier currently on the market for your risk, It does not cost you ANYTHING more to use our services and truly gives you another layer of expertise advice on proper coverage. We also are not the " insurance carrier", we leave that to the carriers we represent, such as Hartford, Kemper, Guide One , Progressive, Foremost etc. We can handle claims filing , bill paying, and changes to your policy, so this is never an issue. Bottom line, why not use a broker for your insurance? It is free, gives you expert representation, and allows you access to markets you will not find in the direct market to clients. Please call us anytime for a free, complete review and risk analysis of your current policies.

Springtime Insurance review on Bainbridge Island

Spring appears to have finally arrived! If you are like myself, during the Bainbridge Island wintertime, we leave the house in the dark and return home in the dark. The color of the house, lawn, flowers and trees is lost in the winter darkness. Now that spring is here, rub your eyes, open them wide and assess the spring cleaning at hand! Yard wise: prepare the sprinklers, make sure drains are clear and get ready to plant that garden! If you upgrade sprinkler systems, build new decks, or add a pool or hottub...be sure to let us know! These items are covered via your homeowners insurance, as long as they are added as other structures. House wise: Check the paint, clean the gutters, assess the moss levels on roof ( notice I said levels...not if you have moss or not...lol) Be sure to check those smoke detectors and CO2 detectors. Your homeowners insurer appreciates it ! Lastly, DO NOT forget to insure those summer toys: Boats, Jetskis, Rowing Skulls, ATV, Motorcycles ( road and dirt), and if you have a golf cart, be sure to let us know...a golf cart is one item that can have liability via your homeowners insurance. If you are unsure about your insurance coverage, want to add, remove or have a simple question...call us anytime!!! 206 842 7410

Spring Insurance Review time

Posted By Tom Sawyer In Auto Insurance , Home Insurance , Insurance Coverages , Insurance Rates | 0 Comments | Permalink | print this article
Well, spring is almost here! This means many things for your personal insurance. For Bainbridge Islander's it means breaking out the boats, jet skis, rowing skulls, motorcycles, scooters and just about any other off road or water machine you can imagine. As your trusted insurance broker, I urge you to call us , take five minutes, and make sure your coverage is correct, up to date, and make sure we add any new off season purchases. Insurance on "toys" can easily be overlooked, yet the risk and ramifications are equal to the risk of driving your car. Please do not overlook the importance of this! We can do a full overview review of your insurance right on the phone , quick and efficiently. Like our motto states " we don't sell insurance, we help people buy it"

Auto insurance rates explained..well sort of!

Posted By Tom Sawyer In Auto Insurance , Insurance Rates | 1 Comments | Permalink | print this article
New drivers, young drivers, older drivers? Why do auto rates start high and eventually end just as high? I call it the "Insurance inverted bell curve" . When you are a young or a new/inexperienced driver, rates are high . As you gain experience, build a quality driving record, credit, and ability to pay, the rates slowly but surely decline until you are paying the best rates EVER in your late 30's thru early 60's. YET WAIT FOR IT...as your age increases past age 60, rates will slowly again increase. The " surprise" increase is based on long-term data collected about drivers. It is shown as drivers get older, the reflexes slow a bit, eyesight may not be what it once was...yet the confidence in your ability remains at an all time high. Eventually this leads to accidents and hence higher rates. Like any demographic, there is clear exceptions to this rule, but as a whole, this is the thought process in rating....food for thought.

"We dont sell insurance, we help people buy it"

This has always been our motto and continues.... We understand every family has different insurance needs, be it coverage or premium. No two cases are the same and we will always do our best to guide you into proper coverage to fit your budget. We are here to help ...anytime. 206 842 7410

Insurance Coverage vs Premium

Posted By Tom Sawyer In Insurance Rates | 1 Comments | Permalink | print this article

With the current economic downturn, we all have been bombarded by on-line and television ads, claiming lower insurance rates, promising to keep more money in your pocket. Buyer beware! Many of these, so called "lower rates" , are actually Insurance Companies, offering lower coverage levels or omitting quality "optional" coverages , without clearly clarifying this to the consumer. The ad claims of lower premium fail to mention less coverage and less personal service. I urge anyone considering the on-line or direct call insurance option to always consult with their current insurance agent or broker, before making a change. A savings of $80.00 dollars now,  may  seem enticing, but what if you knew this could cost you 100,000 in coverage in the event of a claim? I would surmise , your opinion on the savings would change.

The fine balance between coverage and premium is something you can ONLY achieve through a qualified agent or broker. This service does not cost anything additional and you as a consumer  deserve to sleep well at night knowing you are properly covered.

 

Social Security Numbers and Insurance

Posted By Andy Kosick In Insurance Rates | 1 Comments | Permalink | print this article

Imagine if someone asked you the cost of a dinner out. There is no way you could give them an immediate answer. There are so many other factors in that decision. You couldn’t come up with an accurate answer without asking more questions. What type of restaurant would they like? What quality of food are they looking for? What kind of atmosphere do they prefer? Are they looking for something casual or fancy, hamburgers or steak? You could give them an answer without asking any questions, but there is no way to tell how accurate it would be. How would that person feel if you told them $10.00 thinking a simple cafe, and then they walked into a 5 star restaurant expecting a $10.00 meal, only to find it was $50.00 per person!

The same is true of pricing insurance. Many Insurance Companies are advertising that they can quote insurance without using personal information. It’s true any agency can give you a quote, but how accurate that quote will be is a different matter. In WashingtonState your insurance is rated based upon your insurance score. Social Security numbers are used to determine your insurance score. It is not a credit report. An insurance score shows your payment history and overall financial stability. People with higher insurance scores qualify for better markets, and receive better rates. If you receive a quote without giving your personal information there is no telling how accurate it may be, and when you do decide to purchase the insurance you are likely in for a big surprise. It may be a good surprise, and your insurance rate may actually go down, but it may also be a bad surprise, with your rates going much higher than you had anticipated. Insurance can be frustrating and costly on its own, but finding out it’s more than you were originally told is a whole different story.

At Eagle Harbor Insurance we will ask for your social security number, but that’s because we believe honesty is the best policy. At the same time we guarantee that your security is our number one priority. We are here to serve you, and provide you with all the information you need up front. You can trust that the quote you receive is as accurate as possible, and that means you can relax, knowing there will be no surprises when it comes time to pay the bill. We will do everything we can to find you the best insurance possible at the best price possible.

Insurance Coverages

No matter what your circumstances, we'll help you with any insurance coverage you need. You'll get fast, friendly service and expert on-target coverage. .

Click to download a quote request form or questionnaire that you can email in for highlighted areas of coverage.

Give us a call at (206) 842-7410, or drop us an email at: tom@eagleharborinsurance.com or rita@eagleharborinsurance.com We would be glad to talk with you, answer any questions you have and get you a quote. .

Want a quote now? For the fastest service, download and fill out one of our forms and then email it in to receive a personalized quote within 24 hours.