Reinsurance- What is it and Why should I care?
Simply put, reinsurance is insurance for the insurance companies to lower their risk and reduce their exposure to a catastrophic event. If an insurer has too much exposure to a potentially costly event, then that event could cause the company to go bankrupt or even shut down if it’s unable to cover the loss. For […]
Understanding Homeowners Insurance
With mortgage rates at an all-time low, you might be considering purchasing a new home. And whether this is your first home or your 5th home, you’ll likely purchase homeowners insurance for it. For some, the process of purchasing insurance can be a blur. Your mortgage lender probably told you homeowners insurance was the […]
Why Life Insurance?
They say to look at what people take pictures of and you will see what they are afraid to lose. If you swipe through the photos on my phone you will find thousands of pictures of my husband and children. They mean absolutely everything to me. My biggest fear is dying before my children are […]
What Do You Mean I’m NOT “Fully Covered”?
This past week, one of our clients received a letter in the mail from their auto insurance provider that the recent accident in which they were involved and deemed to be at fault may not provide them enough coverage.  Essentially, the letter was letting them know that “hey you might want to consult some legal […]
2019 Was a Texas-Sized Disaster
Did last year seem like one weather-related catastrophe after another? If you felt that way, you’re not alone. It was a record-breaking year across the U.S., with fourteen extreme weather events that resulted in damage costs of $1 billion or more – altogether totaling about $45 billion. These disasters killed scores of people and included […]
Not Adding Your Teenager to Your Auto Insurance
It was an interesting week at the office especially as it pertains to “undisclosed teenage operators†aka not adding your kid to your auto insurance. The thing that everyone always says when they call to add their child to the auto insurance is, “Let’s do whatever we need to do to get the lowest cost.†[…]
Josh Barouh: Who’s Got Your Back?
Thirteen years of my insurance career was spent working as a Senior Sales Representative for one of the major national brands that you see advertised on television and online almost every day. The issue that I continually faced was that I could not put my clients’ interests first. Each week someone would say, “Josh we […]
3 Life Insurance Myths That Could Hurt Young Families
Source: Marvin H. Feldman, CLU, ChFC, RFC, CEO emeritus of Life Happens When you’re just starting out, it often seems that a dollar never stretches far enough. And with new commitments, such as buying your first home or having children, comes the responsibility to make sure your loved ones will be provided for financially, no […]
4 Things You Probably Don’t Know About Your Life Insurance at Work
For the first time ever, more Americans have employer-provided life insurance (108 million) than have individual life insurance coverage (102 million), according to a new LIMRA study. And while that statistic sounds good, it actually hides a few important facts you should understand. 1. There’s more to the stat than meets the eye. When you […]
What Happens When a Car is Considered a Total Loss?
The first step in determining whether a car is totaled (or, in insurance terms, a total loss) is to calculate its actual cash value (ACV) at the time of the loss. The ACV is how much your vehicle is worth after factoring in depreciation. On average, vehicles depreciate more than 20 percent the first year […]