The E3 Renewal Survey and Why it Matters

By austins / September 20, 2022 / Comments Off on The E3 Renewal Survey and Why it Matters

We Send Out A Renewal Survey 60 Days Before Your Upcoming Personal Insurance Renewal The surveys are designed to keep showing up in your inbox until they’re filled out. Why You Ask? There are 2 reasons: 1. Get the most updated info to assist with alleviating premium at renewal. 2. Double-check to make sure you’re not unprotected from a room renovation, jewelry, new deck, pool, etc., and add additional coverage for new exposures if needed. What Is the Survey? The survey is a series of questions designed to gather any new information or changes that may have occurred in your daily life. The…

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10 Surprising Factors Affecting Your Car Insurance Rates

By austins / September 15, 2022 / Comments Off on 10 Surprising Factors Affecting Your Car Insurance Rates

10 Factors That Affect Your Car Insurance Rates 1. State Requirements 2. Age 3. Car Make and Model 4. High-Risk Violations 5. Yearly Mileage 6. Credit History 7. Driving Record 8. Zip Code 9. Marital Status 10. Gender Some of the factors that affect car insurance rates are within your control, such as your credit history and whether you’ve ever been convicted of drunk driving. Other factors are at least largely out of your control, like your city’s population density and your age. Your Insurance Score – What’s that? Also called an insurance credit score – is a numerical point…

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Insurance Inflation

The Devastating $30 Billion Impact Inflation Is Having On Your Insurance

By austins / September 6, 2022 / Comments Off on The Devastating $30 Billion Impact Inflation Is Having On Your Insurance

Experts at McKinsey & Company estimate that inflation pushed loss costs for property/casualty insurers up roughly $30 billion last year, with nearly three-quarters of that figure coming through personal lines. Focusing on the amount an insurer must pay to cover claims, its loss costs, the authors estimated that rising prices drove an almost $22 billion increase in personal lines loss costs in 2021, over and above historical loss trends. For three commercial lines—workers comp, commercial multiple peril and commercial auto—the 2021 impact of cost inflation was roughly $8 billion, they estimated. While the dollar impacts for the longer-tail commercial lines…

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Record Breaking St. Louis Rainfalls: How to Prepare for Future Devastating Rain

By austins / August 1, 2022 / Comments Off on Record Breaking St. Louis Rainfalls: How to Prepare for Future Devastating Rain

The city of St. Louis has received over 8.06 inches of rain as of 7 a.m., July 26, 2022 the most ever recorded there in a calendar day. Some areas on the northwest side of St. Louis received more than 10 inches of rain in six hours overnight.. Rainfall breaks all-time record in St. Louis | STLPR interesting article:https://news.stlpublicradio.org/health-science-environment/2022-07-26/all-time-record-breaking-rainfall-brings-flash-flood-warnings-to-st-louis. We’re sure many of you in the St. Louis and those out of state heard of the devastation rainfall caused for the inhabitants of St. Louis on July 26, 2022. Many of you have questions as it relates to possible coverage…

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Comprehensive Vs. Collision Auto Insurance: Here’s What You Need To Know

By austins / July 15, 2022 / Comments Off on Comprehensive Vs. Collision Auto Insurance: Here’s What You Need To Know

You may have heard the terms collision coverage and comprehensive coverage. Collision and comprehensive coverage are important supplements to liability insurance. Do you know what they mean and when are they used? In this article we’ll dive into what they mean and when are ideal examples to use each! Collision Coverage Collision coverage pays for your vehicle’s damage if you hit an object or another car. Comprehensive Coverage Comprehensive insurance pays for non-crash damage, such as weather and fire damage. It alsoreimburses you for car theft and damage from collisions with animals. Examples Of When You Could Make A Collision…

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Supply Chain Issues Causing More Inflation In the Car Industry

By austins / July 11, 2022 / Comments Off on Supply Chain Issues Causing More Inflation In the Car Industry

Not many industries have felt the wrath of the supply chain induced inflation like the car industry has. Analysts are fearing it may go on for longer. Because of the inflation, the industry has resulted in record-low inventories on many new car lots. Remember when you’d drive by and see a lot full of cars? Yea, not anymore unfortunately… This has raised the demand of vehicles which is why used car prices have raised through the roof. Chip Shortages Chip supplies were waning thin before the pandemic happened, but now it’s hit the breaking point! Luckily, some industries have said…

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Have Your Car Repairs Seemed More Expensive Than Ever? Here’s Why!

By austins / July 5, 2022 / Comments Off on Have Your Car Repairs Seemed More Expensive Than Ever? Here’s Why!

As I’m sure you’re aware, costs are rising across all industries and labor shortages are accompanying them. Because of this, the rising repair costs and labor shortages are raising claim costs for auto insurers up to nearly 5% as of last March. This is more than double the average of 2.3% last seen in 2016-2019. The labor shortage is having a significant impact on the collision industry as well. TechForce Foundation projects the industry will see a shortage of roughly 20,000 technicians per year through the year 2030. Because of this, shops are increasing wages to attract potential. With the…

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How an Insurance Broker Makes Life Easy for You.

By austins / July 1, 2022 / Comments Off on How an Insurance Broker Makes Life Easy for You.

You have a busy day to day life. Just like you have a mechanic who knows what your car needs, you need an Insurance Broker who knows how to engineer a policy. Why is a broker the best fit for you instead of dealing with an agent tied to a certain carrier? This article will dive into what the broker does best; taking care of you. Your Personal Representative A broker represents the clients, not the insurance carriers unlike agents that work for carriers. They’re an expert in the field who’s job is to engineer a policy that is custom…

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Top 8 Must Have Items For Your Next Camping Trip

By austins / June 28, 2022 / Comments Off on Top 8 Must Have Items For Your Next Camping Trip

Planning on embarking on your next adventure and need to know exactly what is needed for the trip? It can be daunting trying to prioritize all of the must haves so you don’t end up under packing and over packing. To help solve this issue for you, we’ve assembled the top 8 items you’ll need to get started on your next adventure… so you can be ready for anything out there in the wilderness. What do I need on my Camping Trip? 1. Tent Packing a tent is often the first thing you think of when preparing your next outdoor…

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Business man driving nice car

In the Age of Inflation, Rental Cars are Also Raking in.

By austins / June 16, 2022 / Comments Off on In the Age of Inflation, Rental Cars are Also Raking in.
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