EPS Insurance

Credit: www.marketbusinessnews.com The National Association of Insurance Commissioners defines “deductible” as “Portionof the insured loss (in dollars) paid by the policy holder.” Low deductibles may well be costing you more than they are worth in two ways: 1) The difference between a $500 and a $1000 deductible is, well, $500. If you go several years without filing a claim, you might pay more than $500 in premium to save yourself that $500 at claim time. 2) Raising your car deductibles from $500 to $1000 and your liability & uninsured motorists’coverage from 100k/300k to 250k/500k oftentimes results in an absolutely negligible difference in premium. Sometimes it even SAVES you money. That same amount of premium can buy you either $500 in coverage or $250,000 in coverage. Which is a more prudent use of your money? You may not like me for a few days after a hailstorm or a fender bender in a parking lot. However, as an attorney friend of mine likes to say, you should insur...

Car and house insurance are never standalone products. When shopping for one you ALWAYS want to shop for the other. There are three reasons for this. 1)       1. Bundling auto and home insurance almost always saves money. 2)       2. Car insurance IS house insurance. Most people don’t know – and too many find out the hard way – that if you are ever in a serious accident and your liability limits are insufficient, you WILL be sued personally. You could very well lose your house. And if you don’t own a home, your wages could be garnished for years. 3)       3. Most people also have no idea what uninsured and underinsured motorists’ coverage means. And if you are ever hit by such a driver and, for instance, can’t work for two years, you could be left high and dry financially ... even though you are not at fault . Again, you could wind up liquidating assets – e.g., your house – in order to stay afloat. Car insurance ...

  A few weeks ago, a client and a long-time friend called to let me know about a slight modification he had made to his house. While I recommended that we leave things the same on his policy, I am glad he called. Had the details been different, I might have recommended that we make appropriate policy changes. Just the other day, I was talking with a remodeler and handyman. We were looking at a really cool outdoor playground equipment set similar to the one pictured below. I told him to check with his insurance agent because, to the best of my knowledge, insurance to cover his liability was both very pricey and hard to obtain. Credit: www.atlasgarden.eu If you’re even THINKING about doing something differently than before, you NEED to call your insurance agent. Failure to do so might result in the denial of a claim and/or cancellation of your policy. Are you considering: ·          Doing a significant remodel on your home? ·   ...

Credit:  https://www.facebook.com/DukeMBB I write this just after my beloved Duke Blue Devils outlasted an incredibly valiant effort by Michigan State in the NCAA basketball tournament. On a great team, every player has a role and must strive for perfection in executing the duties associated with that role. A successful real estate transaction is quite similar: it is a team effort where everyone has a role and must strive for perfection in executing their respective duties. This includes the realtor, the mortgage lender, the insurance agent, the inspector, the appraiser, and the title professional. With this in mind, there are two things every realtor and mortgage lender ABSOLUTELY NEED to know about insurance. 1) It is imperative that the insurance agent talk directly to the client . There are certain conversations that the agent needs to have with the client. Just like the realtor and mortgage lender, the insurance agent is uniquely equipped to have these specific conversa...

Credit: US Chamber of Commerce It’s an inspiring story. I recently talked to a woman who had come here from an impoverished Third World country. She and her husband, also a native of that country, both lost their jobs as a result of the economic upheavals of the last two years. Undaunted, they opened a car detailing shop here in Aurora. I was out visiting some local businesses on a recent morning when I stopped by theirs. She said she was shopping online for commercial insurance and was very confused and frustrated. I told her there was a better way: let an industry professional do the shopping. Not only can such a professional do the shopping and explore numerous carriers, but they can also walk you through the terminology and let you know what this terminology means to you. For more information about shopping for business insurance the right way, please click here. My team and I look forward to serving you. Doug Newman 720-675-8119 30+ carriers ... 44 states Auto-ho...

“Marge and I pay $183 a month for full coverage on 2 cars. Is that too much?” And off it goes: a dozen other people chime in with what they pay. These numbers are the most meaningless numbers on earth. Here are just a few things that determine what you pay for car insurance: ·          What kind of cars do you drive? ·          What is your driving record as well as that of other people in the house? ·          What are your deductibles? ·          What are your liability limits? ·          What are your uninsured/underinsured limits? ·          Is your policy bundled with a home or a renter’s policy? ·          What is your zip code? ·          Do you have any dri...

Credit: www.postermywall.com Do you have tenants? Then you NEED to require that they carry renter's insurance. And you also need to require proof in the form of a declaration sheet before they move in. It doesn't matter if your tenant is your best friend or your significant other. If they are a non-family member the chances are overwhelming that your insurance policy WILL NOT cover them in the event of a claim. Renter's insurance protects both of you. In the event of a theft or fire claim, renter's insurance can replace their belongings. But it goes far beyond theft. If, say, a fire or a burst pipe makes your premises unlivable for a time, renter's insurance can step in and pay for their rent.  If your tenant has a guest over and that guest, for example, slips and falls on an ice cube on the kitchen floor, renter's insurance can help with the medical bills. And, God forbid, your tenant is accused of starting a fire, your home or landlord insurance may not pay ...