Rate vs. proper coverage

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 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 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.

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

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”

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.

Kemper, Hartford, AARP, Progressive, Foremost, Philadelphia, Guide One, Zurich, National General, Fireman’s Fund, Markel, Red Shield, Premier, Ace, Chubb, CBIC, Navigators, One Beacon, Gotham, Arch…. and more! We have a carriers to meet EVERYONES needs!

Home, Auto, Boat, Motorcycle, Commercial, Event, Bonds, E/O coverage, D/O Coverage ,Health Life, Disability, LTC.. we can do it all.

Call us (206) 842 7410

General , Specialty, Artisan…..we offer coverage’s for ALL and ANY type of contractors !

We have over 20 markets to chose from, including preferred and non standard bond markets.

You will never get declined coverage at our agency and we will also walk you through the steps needed to obtaining your contractors license.

Feel free to call us for more information.

With summer looming around the corner…and the chance of some possible sun….. it is time to break out the summer toys!

Make sure your boats, jet-ski, rowing shells, golf carts, dirt bikes, street bikes, scooters,  quads, etc are all insured correctly. During winter these coverage can overlooked, lapse or be put on hold.

If you have any doubt about coverage, or need coverage, call us today! We can offer real time quotes on items like this, offer all the best insurance carriers, and can have you out playing within an hour .

Call us anytime  206 842 7410

 

 

If you are considering changing, upgrading or enrolling in an individual health insurance plan for you and your family…..the time is now!

Open enrollment for individual health insurance , starts on 3/15/2013 and runs until 4/30/2013.

This is one of two chances annually to add children age 19 and under to an individual health policy…do not miss this timeframe!

We currently have many plan options to choose from and feel we can fit everyone’s needs and budget.

Call us today to setup a time to enroll.

 

 

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.