Are you currently living in a rental property? Do you have a Renters Insurance Policy?
Unfortunately, many people who would greatly benefit from a Renters Insurance don’t think that they need it, or don’t think they are qualified to have it. Below you will find the answers to some of the most common Renters Insurance myths, allowing you to better understand what the policy really offers and why you may want to reconsider your need for Missouri Renters Insurance:
1. I don’t have enough personal assets to require Renters Insurance.
How much do you consider enough? $5,000 worth of personal valuables? $10,000? How about $20,000 worth of personal assets? Studies have shown that around 45% of renters have at least $20,000 in possessions. Even if your valuables only total $5,000, are you ready to spend $5000 just to get back to the same position you are in now? Considering that Renters Insurance costs average $260 per year, meaning it would take you over 19 years to pay $5,000 in Renters Insurance fees.
2. My landlord has insurance, so I don’t need my own coverage.
The insurance your landlord has only covers the actual property, unless the damage done to the property is due to negligence from you, the resident, in which case the resident is responsible for covering the cost of the damage. Generally speaking, the landlord’s insurance does not cover your personal valuables—thankfully Renters Insurance does. It even covers the cost of a temporary place to stay if your apartment becomes uninhabitable due to some sort of disaster.
2. Renters Insurance only covers what’s actually in my rental property.
Actually, Renters Insurance also covers things that you leave in your car, even if that car is nowhere near your apartment. Furthermore, it also provides personal liability coverage, meaning that if you accidentally burn down your own apartment or there’s an accident in your apartment, Renters Insurance will cover any damage to the apartment or a person, and it will even cover legal bills if a lawsuit results. Renters Insurance is quite versatile on top of being surprisingly affordable.
Interested in learning more about MO Renters Insurance? Contact Select Insurance Group at 1-855-GET-SELECT, we’d be happy to discuss your coverage options with you and help you better protect your personal valuables!
http://www.selectinsuranceteam.com/selectinsuranceblog.html
Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts
Wednesday, June 1, 2011
Do you have questions about Missouri health insurance?
You and your family deserve the best and most affordable health coverage in the state. With health care reform sweeping the nation, it’s important you get all the information you need before committing to any provider. There are important things you need to know before purchasing any Missouri health insurance.
Missouri is ranked 39th in the healthiest states to live in, so selecting the correct insurance is important so you do not get overwhelmed with bad rates and underwhelmed with bad coverage. Missouri, in comparison to other states, has low public health funding (ranked 45th) and has a high rate of preventable hospitalizations.
All states are currently having trouble with general health and insurance, and Missouri is no different. Because of the troubling times, it’s important for you and your family to contact a provider you can trust.Select Insurance Group is your trusted St. Louis insurance agency—and we’re here to get you and your family the most effective, comprehensive and affordable Missouri health insurance you will need for the present and future. Feel free to check out our web page (www.selectinsuranceteam.com) or contact us directly today at 1-855-GET-SELECT! We’d love to answer your health insurance questions, and secure you the coverage you deserve!
Missouri is ranked 39th in the healthiest states to live in, so selecting the correct insurance is important so you do not get overwhelmed with bad rates and underwhelmed with bad coverage. Missouri, in comparison to other states, has low public health funding (ranked 45th) and has a high rate of preventable hospitalizations.
All states are currently having trouble with general health and insurance, and Missouri is no different. Because of the troubling times, it’s important for you and your family to contact a provider you can trust.Select Insurance Group is your trusted St. Louis insurance agency—and we’re here to get you and your family the most effective, comprehensive and affordable Missouri health insurance you will need for the present and future. Feel free to check out our web page (www.selectinsuranceteam.com) or contact us directly today at 1-855-GET-SELECT! We’d love to answer your health insurance questions, and secure you the coverage you deserve!
Saturday, April 23, 2011
Get Your Tornado Insurance Settlement Check Fast
With more tornadoes hitting the St. Louis area after last weekend's deadly twisters, that killed 45 and left hundreds of homes damaged and destroyed, it's important to have your ducks in a row to get your tornado insurance claim check issued quickly should disaster strike. After you shake off the daze and dust from the destruction, what do you do to get your cash fast and get on the road to repair and recovery?
1. Take a sigh of relief.
Unlike the well-publicized problems people had making claims after some recent notable hurricanes, for the most part a standard homeowner's policy covers tornadoes as straight-up wind damage. (Unless the tornado pushed water onto/into your home, but that's a different case).
2. Contact your insurer immediately.
Let them know ASAP that you are going to make a claim and give a rough estimate of the damage. Go into as much detail as you can so they know how to prioritize your claim. Different states have different statutes of limitations for making a claim, so don't dawdle.
3. Document document document.
Take photos of all the destruction. Gather up all the receipts you have and inventory the damaged property. Note the item, when you bought it, how much it cost and how much you estimate it would cost to replace it. Call your credit card company for records if you don't have the cost on hand. If you have to stay in a hotel or eat out at restaurants while your house is under repair, keep those receipts as the insurer will reimburse you.
* DID YOU KNOW...
Even spoiled food is eligible for coverage, usually up to $300-$500.
4. Get detailed estimates for repairs.
Contact licensed contractors and get several estimates for permanent repairs. Call me at 1-855-GET-SELECT (438-7353) for a list of licensed repair contractors.
5. Give your insurance agent a detailed description.
Use the info above to help file your claim.
6. Make temporary repairs.
Cover up broken windows, and shore up/cover damaged roofs and walls as needed to prevent further damage.
BEWARE!
Watch out for hustlers preying on those prying themselves out the wreckage. They may try to rush you into overpaying for temporary repairs. In other instances homeowners have been pressured into making big deposits for repairs, only for the "contractor" to disappear and never be heard from again. Don't let panic freak you out of doing your normal due diligence.
7. Wait for the check to arrive.
Claims are usually processed in the order of severity. An obliterated house will take precedent over one that is just missing a few shingles.
8. If your claim seems stuck in nowhere-land, escalate.
Standard Consumerist customer service escalation tactics apply. Be polite and professional but persistent. Write down who you talked to and when. Ask for supervisors. If the delay is inordinate and unwarranted, you always have the executive customer service and EECB routes. For egregious cases, consider filing a complaint with your state's insurance commissioner to get things moving along.
9. Make a donation.
However bad you have it after a disaster, there's always someone else in even greater need. Consider giving money to the Red Cross or another relief charity. Karma has a funny way of coming around.
Call me at 636-410-6219 Ext 1 for questions or suggestions.
Steve Ludwig
President/CEO
Select Insurance Group
1. Take a sigh of relief.
Unlike the well-publicized problems people had making claims after some recent notable hurricanes, for the most part a standard homeowner's policy covers tornadoes as straight-up wind damage. (Unless the tornado pushed water onto/into your home, but that's a different case).
2. Contact your insurer immediately.
Let them know ASAP that you are going to make a claim and give a rough estimate of the damage. Go into as much detail as you can so they know how to prioritize your claim. Different states have different statutes of limitations for making a claim, so don't dawdle.
3. Document document document.
Take photos of all the destruction. Gather up all the receipts you have and inventory the damaged property. Note the item, when you bought it, how much it cost and how much you estimate it would cost to replace it. Call your credit card company for records if you don't have the cost on hand. If you have to stay in a hotel or eat out at restaurants while your house is under repair, keep those receipts as the insurer will reimburse you.
* DID YOU KNOW...
Even spoiled food is eligible for coverage, usually up to $300-$500.
4. Get detailed estimates for repairs.
Contact licensed contractors and get several estimates for permanent repairs. Call me at 1-855-GET-SELECT (438-7353) for a list of licensed repair contractors.
5. Give your insurance agent a detailed description.
Use the info above to help file your claim.
6. Make temporary repairs.
Cover up broken windows, and shore up/cover damaged roofs and walls as needed to prevent further damage.
BEWARE!
Watch out for hustlers preying on those prying themselves out the wreckage. They may try to rush you into overpaying for temporary repairs. In other instances homeowners have been pressured into making big deposits for repairs, only for the "contractor" to disappear and never be heard from again. Don't let panic freak you out of doing your normal due diligence.
7. Wait for the check to arrive.
Claims are usually processed in the order of severity. An obliterated house will take precedent over one that is just missing a few shingles.
8. If your claim seems stuck in nowhere-land, escalate.
Standard Consumerist customer service escalation tactics apply. Be polite and professional but persistent. Write down who you talked to and when. Ask for supervisors. If the delay is inordinate and unwarranted, you always have the executive customer service and EECB routes. For egregious cases, consider filing a complaint with your state's insurance commissioner to get things moving along.
9. Make a donation.
However bad you have it after a disaster, there's always someone else in even greater need. Consider giving money to the Red Cross or another relief charity. Karma has a funny way of coming around.
Call me at 636-410-6219 Ext 1 for questions or suggestions.
Steve Ludwig
President/CEO
Select Insurance Group
Saturday, April 24, 2010
how does an SR 22 work?
What is an SR22?
Some states require problem drivers, particularly those who've been cited for driving without insurance, to have proof of insurance on file with the Secretary of State, even if they no longer own a car. The SR22 is the form produced by the driver's insurance carrier to meet this requirement, allowing them to avoid suspension or revocation of their license.
Filing an SR22
To secure an SR22, obviously, an individual must first obtain auto insurance from a company authorized by the state to write financial responsibility policies, and it must be in an amount sufficient to meet the state's minimum insurance requirements. SR22 insurance can come in three types. An operator's certificate covers the driver in any vehicle, and is the best option for those who don't own a car themselves. The owner's certificate verifies coverage only in the driver's vehicle, and the owner-operator certificate covers all vehicles. Once the policy is paid for and in place, the driver must direct the insurance company, usually by phone, to send an SR22 directly to the Department of State. This form is usually sent by fax, but it can take up to 30 days or more for the state to process. With the SR22 on file, the state will issue a letter to the driver and a copy of the form as proof in case they're stopped.
Maintenance
Part of the SR22 arrangement is that the insurance carrier is required by law to notify the Department of State if the driver's insurance policy is canceled, suspended, or not renewed within 15 days of expiration. The process of suspending the driver's license will usually begin on receipt of such a notification. To prevent suspension, the driver must keep their insurance policy up to date. Depending on the circumstances that created the need for an SR22 filing, drivers will need to keep proof of their insurance on record for a minimum of two to three years. If, for whatever reason , the driver is unwilling or unable to obtain auto insurance, some states will allow the filing of a surety bond with the Department of State in lieu of insurance. If a driver moves out of state, they can appeal for their SR22 requirements to be waived, but will be subject to the insurance requirements of their new residence.
Some states require problem drivers, particularly those who've been cited for driving without insurance, to have proof of insurance on file with the Secretary of State, even if they no longer own a car. The SR22 is the form produced by the driver's insurance carrier to meet this requirement, allowing them to avoid suspension or revocation of their license.
Filing an SR22
To secure an SR22, obviously, an individual must first obtain auto insurance from a company authorized by the state to write financial responsibility policies, and it must be in an amount sufficient to meet the state's minimum insurance requirements. SR22 insurance can come in three types. An operator's certificate covers the driver in any vehicle, and is the best option for those who don't own a car themselves. The owner's certificate verifies coverage only in the driver's vehicle, and the owner-operator certificate covers all vehicles. Once the policy is paid for and in place, the driver must direct the insurance company, usually by phone, to send an SR22 directly to the Department of State. This form is usually sent by fax, but it can take up to 30 days or more for the state to process. With the SR22 on file, the state will issue a letter to the driver and a copy of the form as proof in case they're stopped.
Maintenance
Part of the SR22 arrangement is that the insurance carrier is required by law to notify the Department of State if the driver's insurance policy is canceled, suspended, or not renewed within 15 days of expiration. The process of suspending the driver's license will usually begin on receipt of such a notification. To prevent suspension, the driver must keep their insurance policy up to date. Depending on the circumstances that created the need for an SR22 filing, drivers will need to keep proof of their insurance on record for a minimum of two to three years. If, for whatever reason , the driver is unwilling or unable to obtain auto insurance, some states will allow the filing of a surety bond with the Department of State in lieu of insurance. If a driver moves out of state, they can appeal for their SR22 requirements to be waived, but will be subject to the insurance requirements of their new residence.
Sunday, March 7, 2010
ready to get that motorcycle out and start riding?
Go to www.insuredbysteve.com for FREE MOTORCYCLE QUOTES
Motorcycles are unique as compared to automobiles due to their incredible speed, and the lack of protection that is afforded to the operator. Additionally, many motorcycle owners are younger people with less driving experience. For these reasons, insurance companies are very careful when pricing motorcycle insurance.
You can control several factors that can make you a more favorable candidate for motorcycle insurance in the eyes of an insurance company.
YOUR AGE
While age is a factor in purchasing any insurance, it is of particular importance when buying motorcycle insurance. If you are a female under age 21 or a male under age 25, your rates will automatically be higher than any other age category. A recommended method to save on your insurance premium is to wait until you are beyond those ages, which can significantly reduce motorcycle insurance premiums.
YOUR EXPERIENCE
If you are a new operator of a motorcycle, many insurance companies want to know this and will adjust your premium accordingly. New motorcycle operators are a bigger risk to insurance companies as they are more likely to have accidents. If you are a new owner or operator of a motorcycle, the only way to circumvent this is to shop around at various insurance companies to find the best rate, as not all insurance companies use this decisive factor in the same way.
YOUR RECORD
A rule that applies to any motor vehicle operation is to be a safe driver. Your driving record is one of the first things that an insurance company will look at when evaluating you as a candidate for insurance. Speeding violations, traffic accidents, and insurance claims are three factors that play heavily into an insurance companies evaluation of you. By avoiding these things, you make yourself more attractive to an insurance company.
With some insurance companies, your accident history may have less of an impact on your candidacy if the accident history was in an automobile rather than on a motorcycle. Again, shopping around at different insurance companies is the best way to circumvent this issue.
LOCATION
Many people do not realize that the town where you live may have an impact on the insurance premiums that you pay. If you live in a highly populated town or city, the likelihood that you will encounter other drivers increases. This means that the chances of an accident occurring also increase. If you live in a rural area, you will have less contact with other vehicles, which may mean that you are relatively safer, however you may also live in an area where speed limits are much higher which is another factor of risk for an insurance company.
Consumers can find it frustrating to consider all of these criteria, especially if you or your circumstances put you in an unfavorable light in the eyes of the insurance company. Your tactic then should be to change the things that you can and never ever lie to your insurance company. If you are dishonest with your insurance company regarding any of the questions they ask you, you can be denied insurance altogether. That may be the least of your problems as this is technically insurance fraud, which is a punishable offense.
YOUR WORK
Although unusual, if you use your motorcycle for any business activities, you will have to disclose this to the insurance company. Business use of a motorcycle will most certainly cause and increase in your insurance rates. If using a motorcycle to conduct business is a choice rather than a necessity, consider an alternate mode of transportation in order to save money on your insurance premiums.
YOUR MOTORCYCLE
The type of motorcycle you own will also play a factor in your insurance rates. Motorcycles designed for speed and performance are clearly more dangerous than commuter style motorcycles or cruising motorcycles. Accordingly, they will have a higher rate.
Modifications to your motorcycle can also play a factor in your insurance rates. Modifications can be for speed or for looks. If the modifications are for performance, and you have made you motorcycle faster, then your motorcycle is now more dangerous in the eyes of the insurance company.
If your modifications are just for style and looks, you can also see and increase in your insurance rates because now your motorcycle is worth more and their payment to you to repair the motorcycle will be more in the event of an accident.
These suggestions will help to make you a more favorable candidate for insurance companies. Consulting with professional insurance agents and brokers for advice on the best insurer for your situation will be by far the best step you can take to lower your premiums.
Motorcycles are unique as compared to automobiles due to their incredible speed, and the lack of protection that is afforded to the operator. Additionally, many motorcycle owners are younger people with less driving experience. For these reasons, insurance companies are very careful when pricing motorcycle insurance.
You can control several factors that can make you a more favorable candidate for motorcycle insurance in the eyes of an insurance company.
YOUR AGE
While age is a factor in purchasing any insurance, it is of particular importance when buying motorcycle insurance. If you are a female under age 21 or a male under age 25, your rates will automatically be higher than any other age category. A recommended method to save on your insurance premium is to wait until you are beyond those ages, which can significantly reduce motorcycle insurance premiums.
YOUR EXPERIENCE
If you are a new operator of a motorcycle, many insurance companies want to know this and will adjust your premium accordingly. New motorcycle operators are a bigger risk to insurance companies as they are more likely to have accidents. If you are a new owner or operator of a motorcycle, the only way to circumvent this is to shop around at various insurance companies to find the best rate, as not all insurance companies use this decisive factor in the same way.
YOUR RECORD
A rule that applies to any motor vehicle operation is to be a safe driver. Your driving record is one of the first things that an insurance company will look at when evaluating you as a candidate for insurance. Speeding violations, traffic accidents, and insurance claims are three factors that play heavily into an insurance companies evaluation of you. By avoiding these things, you make yourself more attractive to an insurance company.
With some insurance companies, your accident history may have less of an impact on your candidacy if the accident history was in an automobile rather than on a motorcycle. Again, shopping around at different insurance companies is the best way to circumvent this issue.
LOCATION
Many people do not realize that the town where you live may have an impact on the insurance premiums that you pay. If you live in a highly populated town or city, the likelihood that you will encounter other drivers increases. This means that the chances of an accident occurring also increase. If you live in a rural area, you will have less contact with other vehicles, which may mean that you are relatively safer, however you may also live in an area where speed limits are much higher which is another factor of risk for an insurance company.
Consumers can find it frustrating to consider all of these criteria, especially if you or your circumstances put you in an unfavorable light in the eyes of the insurance company. Your tactic then should be to change the things that you can and never ever lie to your insurance company. If you are dishonest with your insurance company regarding any of the questions they ask you, you can be denied insurance altogether. That may be the least of your problems as this is technically insurance fraud, which is a punishable offense.
YOUR WORK
Although unusual, if you use your motorcycle for any business activities, you will have to disclose this to the insurance company. Business use of a motorcycle will most certainly cause and increase in your insurance rates. If using a motorcycle to conduct business is a choice rather than a necessity, consider an alternate mode of transportation in order to save money on your insurance premiums.
YOUR MOTORCYCLE
The type of motorcycle you own will also play a factor in your insurance rates. Motorcycles designed for speed and performance are clearly more dangerous than commuter style motorcycles or cruising motorcycles. Accordingly, they will have a higher rate.
Modifications to your motorcycle can also play a factor in your insurance rates. Modifications can be for speed or for looks. If the modifications are for performance, and you have made you motorcycle faster, then your motorcycle is now more dangerous in the eyes of the insurance company.
If your modifications are just for style and looks, you can also see and increase in your insurance rates because now your motorcycle is worth more and their payment to you to repair the motorcycle will be more in the event of an accident.
These suggestions will help to make you a more favorable candidate for insurance companies. Consulting with professional insurance agents and brokers for advice on the best insurer for your situation will be by far the best step you can take to lower your premiums.
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