Monthly Archives: October 2012

What Is the Best Home Insurance Coverage for New Homeowners in Pennsylvania?

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Home insurance coverage varies depending risks associated with each and location of a home. The coverage offered by providers can also differ due to variations in their policies or how they calculate risk. New homeowners in Pennsylvania should consider the types and amount of insurance they need before comparison shopping to find the best coverage for them as well as the best value.

Considerations before Buying

Those who are still in the process of shopping for a new home will want to take their future insurance costs into consideration before buying as well as what the information that insurance providers can reveal to them about their potential new homes. The type of home and location of the property can help providers determine risk, and each future homeowner must decide how much risk they are comfortable with. They can also benefit from learning about risks so that they can take measures to prevent damage. For example, if their homes are located in areas where vandalism is a problem, they may be able to reduce their risks and their rates by adding lights triggered by motion detectors.

Coverage Types and Amounts

Pennsylvania mortgage lenders can require buyers to purchase insurance coverage that covers the full amount of the home loan in case of damage or destruction. New homeowners with or without mortgages can choose to purchase hazard insurance to cover the cost or replacing the home in case of fire, vandalism, or other destructive events. Depending on their needs, homeowners may then want to add personal liability insurance, personal property insurance, and dwelling insurance to their homes. If there are any gaps in the coverage offered by their other policies, such as in the case of a policy that does not cover flooding, homeowners may want to purchase additional coverage if their situations warrant.

Can I lower my Car Insurance Cost if I’m a Single Parent in Dunmore, PA?

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A single parent in Dunmore, Pennsylvania can certainly lower the car insurance cost each month. By taking a closer look at any car insurance policy, there are creative solutions to lower the impact of these premiums.

One of the best things to do is to contact your independent agent. The agent will be able to examine the auto policy and look at ways to lower the cost. As an independent agent is able to compare insurance rate from multiple insurers, you could also compare rates from others to see if that is an option.

How could you lower your rate? Here are a few examples:

  • The deductible can be raised for instant savings
  • Your agent may locate an eligible discount that could be applied
  • Lowering coverage amounts in certain places could lower the cost

Of course, this list can continue for some length. Certain items, such as the topic of discounts, can be quite involved and are certainly a task for a trusted agent. For instance, not only could your independent agent find a better rate, but the agent could bundle it with homeowners/renters insurance for additional savings.

In any case, this is something that you would want to bring up with your insurance agent. If you are looking to save on insurance, now might be the time to compare policies again. Or, it could give way to missing discounts, or other creative ways to alter your policy to save.

Contact an independent agent today to look into saving on your car insurance costs. There always seem to be ways to improve your rates. With a trusted agent’s touch, you could see short- and long-term savings from a few simple changes. It can make quite the difference, as well.

Why Should I Use a Local Insurance Agent to Purchase a Policy in Pennsylvania?

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For consumers in the Dunmore, Honesdale, and Milford, Pennsylvania areas, the process of purchasing an insurance policy can be confusing. Not only are there several types of policies to choose from, but there are coverage questions as well as the comparison process to approach.

With a local insurance agent, you can confidently approach these questions and worries in stride. You will be able to receive advice on your current needs, and then apply them to the types of policies that you are considering.

Over time, you will be able to have continued access to your local agent. Not only will your agent be there to help you during the buying process, but if you have questions, concerns, or need to make a change or claim – your agent will be accessible to you.

You may want to consider speaking to an independent agent who is also local. The difference between a “normal” agent and an independent agent is that the latter works with multiple insurers – the agent does not exclusively work for an insurer, as in the former case. This means that the independent agent will be able to compare several insurers at once, removing troublesome work for you and providing you with competitive rate options.

Also, you can count on the expertise of an independent agent. There is an unfortunate tendency for captive agents to push their products, as they can only offer what they sell. However, with independent agents, that is not the case, and they can offer plenty of products and their experience with the relative insurance companies.

Consider contacting an independent agent near you. The agent will be able to guide you through home, life, car, and other types of insurance – providing you with great quotes and advice throughout the process. Of course, the assistance continues after you make the purchase.

What to Look For When Purchasing a Life Insurance Policy in Pennsylvania

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Each and every state in the United States has specific laws governing the insurance industry and these laws may vary from state to state. Each state has set in place code regulating this industry for the benefit of the consumer and the insurance company

I am a local insurance agent in Pennsylvania and my servicing area is in Dunmore, Honesdale, and Milford Pennsylvania. I would like to inform my readers exactly what to look for if they are in the market for purchasing life insurance. Purchasing life insurance can be a confusing venture, and I show my clients what to look for and clear away their confusion.

The Pennsylvania laws were set in place as a protector for the client and these laws state:

. A client can have a ten day review of their policy

. If a client does not want to follow through with their policy, within ten days, they are assured of a refund of all paid premiums

. Laws allow the clients’ a 30 day grace period to pay late premiums

. My company is known for settling claims in a timely manner, if we do not then the client is entitled to interest paid on their money.

Not only do Pennsylvania laws protect the client, the laws must protect me and my insurance company, such as:

. Incorrect information submitted by the client can mean termination of policy, with refund of paid premiums

. Incorrect age statements by clients will mean a recalculation of benefits

. Pennsylvania backs all insurance policies as long as the premiums stay paid. If my company should close its doors, which we do not foresee happening, the Pennsylvania Guaranty Association will compensate your policy.

. Maximum limits for death is $300,000

. Lost cash surrender maximum is $100,000

. Multiple policies are honored, but only up to these limits

We are a licensed company servicing areas in Dunmore, Honesdale, and Milford and I am here to help with your life insurance needs.