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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Modern Property Building Costs

Market Value vs. Replacement Cost

By austins / June 13, 2022 / Comments Off on Market Value vs. Replacement Cost

The market value and replacement cost of a building are not the same thing. They are distinctly different concepts which are estimated using different criteria. It is not necessary that the market value and replacement cost of a building are identical. They are two distinctly different approaches to valuing a property. Market value is the estimated price at which your property would be sold on the open market between a willing buyer and a willing seller under all conditions for a fair sale. Replacement cost is the estimated cost to construct, at current prices, a building with equal utility to the…

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An Increase in Missouri Earthquakes

By austins / June 10, 2022 / Comments Off on An Increase in Missouri Earthquakes

It might not be apparent as we don’t feel most of them…. but below shows how many earthquakes Missouri sees each year due to the fact it’s on the New Madrid Seismic Zone. 0 earthquakes in the past 24 hours 4 earthquakes in the past 7 days 19 earthquakes in the past 30 days 243 earthquakes in the past 365 days

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The Impact of the Great Resignation

By austins / June 7, 2022 / Comments Off on The Impact of the Great Resignation

I’m sure you’re all familiar by now with the great resignation. Over 45.7 million people voluntarily left their job between January and December of last year alone. That has widespread effects on all companies, our insurance companies included. Now being an independent agency we only work for our clients not the carriers. Every carrier has thousands of employees and offices in many states. They, like most companies, were set up for a in-office operation and were not prepared to send all of these people home to work during the pandemic. This has lead to longer hold times, longer underwriting times…

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The Rise of Lumber!

By austins / June 6, 2022 / Comments Off on The Rise of Lumber!

It’s no secret that home construction costs impact insurance rates. Your home’s replacement cost estimate, the amount needed to rebuild your home from the bottom up, is based on construction and lumber costs. As lumber prices go up, so does your replacement cost estimate, and ultimately, your premium. Lumber Prices Are Up 193% Lumber prices are at an all-time high. Back in April 2021, the cost of lumber per thousand board feet hit $1,048 – a 193 percent jump year over year. That surge continued throughout May, and while lumber prices have begun to fall, they’re still up over 300% from April 2020 . The…

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people holding keys

5 Rules Every Landlord Should Live By

By erinkeltner / March 27, 2022 / Comments Off on 5 Rules Every Landlord Should Live By

I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property can be a major pain, and end up costing you a ton of money! I certainly don’t mean to be a “Debbie Downer”, and I know that if it’s done right it can be lucrative, but from an insurance agent’s perspective, I don’t see a lot of people doing it right. So you’re probably thinking, “Well Chris, you are an…

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car crash

Why Do My Auto Insurance Rates Keep Going Up Even Though My Car Keeps Getting Older?

By erinkeltner / March 25, 2022 / Comments Off on Why Do My Auto Insurance Rates Keep Going Up Even Though My Car Keeps Getting Older?

Why do my auto insurance rates keep going up even though my car is getting older?  At E3 Insurance, many of our clients ask this question so I would like to address it from a couple of angles. First things first, even though it’s called car/auto insurance, it covers more than just your car. It should technically be called “auto-owners” insurance, similarly to how home insurance is actually called “home owners insurance”. It’s important to understand that there are a lot of variables that go into insurance premiums, and with auto insurance, it’s no different. The insurance company is much…

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family playing with daughter

Will my credit rating change my insurance rates?

By erinkeltner / February 2, 2022 / Comments Off on Will my credit rating change my insurance rates?

I was recently asked this question by one of our E3 Insurance clients, and thought I would share the answer here for our readers. There are a lot of things that go into homeowners and auto insurance rates, one of them being credit. I’ve heard a lot of complaints from people who don’t like the fact that insurance companies use credit in their underwriting. Some people have absolutely no idea that it’s used in the rate at all. At the end of the day, there’s not much we can do about it though. Insurance companies have been using credit in their…

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