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What is your disaster plan?

What is Your Disaster Plan?

Will You Be a Hero or a Zero?

As of June 1, we are officially in hurricane season. But—despite the recent extreme weather in our area—most people still do not have an adequate disaster plan for the office.

While it’s important to have a disaster and evacuation plan for your home and family, it’s just as important to consider the safety of your business during a hurricane or other natural disaster. After all, your business is your livelihood, and disaster striking there means disaster for your finances, your workload, your clients, and your employees.
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Have You Saved With A Wind Mitigation Inspection?

Douglas Inspection Service logo (1)

We interviewed one of our clients, Douglas Inspection Service about Wind Mitigation Inspections. If you haven’t had one yet you may be able to save money on your Homeowners insurance! You can learn more about Wind Mitigation Inspections on our blog and read about them and Douglas Inspection below!

Q. How long is an inspection?
A. The time spent at the property is usually less than an hour. We do research prior to the appointment and at the home we verify the results of our research and confirm the way the roof is secured to the house. It really depends on how far into the attic the inspector has to go to find and photograph the features the insurer is looking for.
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Life Insurance

Family...That is what it is all about. You are never too young to start protecting your loved ones!

Family…That is what it is all about. You are never too young to start protecting your loved ones!

Could’ve, Should’ve, Would’ve…

So, when is the right time to buy life insurance?  Certainly, it must be when a person starts to have a family, takes out a big loan, or gets a big raise that a lifestyle depends on.  Wrong.  Unfortunately, the best time to buy life insurance is almost universally yesterday, last week, last month or last year.  People often overestimate the cost of coverage, become uncomfortable planning for their own departure, and unintentionally set-up the conditions for financial disaster should the inevitable occur.
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Why Are Certain Electrical Panels Ineligible for Insurance?

If you electrical panel looks like this call an electrician immediately!

If you electrical panel looks like this call an electrician immediately!

Q.  Why Are Certain Electrical Panels (Federal Pacific Electric & Zinsco) Ineligible for Insurance?

A.  Passing judgment on these types of electrical panels isn’t something that insurance professionals can do, but many insurance companies say that they experience more claims related to electrical fires in homes with these panel boxes.  Many times homeowners don’t know they have a questionable electrical panel until they have had a 4 Point Inspection.
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What is an Assignment of Benefits Agreement?

Make sure you read what you sign. If it is too good to be true, it usually is!

Make sure you read what you sign. If it is too good to be true, it usually is!

 

 

 

This is a very important topic. Instead of writing this myself I am going to share a piece recently written by American Integrity Insurance on what is an assignment of benefits form.  To see the original post go here.

Courtesy of American Integrity Insurance

Should you do it? If something sounds too good to be true, it usually is. So, “Just say no!”

A recent story on Action 9 in Orlando highlighted a problem we see all too often at American Integrity Insurance – customers who unknowingly sign away their rights to their insurance benefits. The story varies from person to person, but it follows a similar pattern:

You come home to a burst pipe. There is water all over the floor. You are frantic and call a plumber as you try to mop up the floor.  The plumber comes and fixes the pipe and recommends a company to come over and clean up the mess.

Good so far? Yes, the pipe is fixed and the water damage needs to be contained as quickly as possible.

But the water mitigation contractor who comes out, first puts a piece of paper in your hands and won’t start work until it is signed. You, the frantic and stressed-out homeowner sign. And the possibility of trouble starts.
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Why did my insurance rate go up?

Our goal at Harry Levine Insurance is to make insurance a little less confusing and scary.

Q.  Why did my rate go up?

A.  No, your rate didn’t go up because your insurance company spent too much on office supplies!

Insurance rates are derived by mathematicians (known as actuaries) who look a wide variety of factors.  Whether it’s home, automobile, or business, insurance rates are formulated based on trends observed over time regarding how many claims have happened in a geographic area or demographic group. The more premiums an insurance carrier pays out to help people, the more it must take in to make sure it remains able to pay such claims.

Fraud is one of the leading drivers of high premiums in Florida. Whether it’s staged accidents or unscrupulous legal and medical professionals, Florida insurance rates are much higher than they really should be thanks to extreme abuse of the system.

Urban areas often have higher rates than rural areas because more congestion typically leads to higher numbers accidents/incidents. Each company insures different people, so sometimes one company’s rate of claims is higher or lower than another.

When too many policy holders in a company’s “risk pool” have claims, it requires the company to raise rates to keep up with the demand for claim payments.

Have any more questions, let me know!

Hurricane Season, Are You Prepared?

The month of June kicks off summer and conjures thoughts of the beach, bbq’s and warm weather.  There is something else that comes with the passage of June 1st though; Hurricane Season.   Homeowners often hope for the best but aren’t certain how to prepare for a storm.  It’s critically important to make sure that your family has a disaster plan, and that your home is properly protected.  Preparation starts with  basic maintenance.  Making sure that trees are trimmed to remove dead and/or overhanding limbs, ensuring that gutters are clean and free flowing, and other means of drainage aren’t clogged shouldn’t be undervalued endeavors.  It’s definitely time to repair that cracked roofing tile or peeling shingle too.  These seemingly small things could help protect your home from serious damage should a storm occur.  Hurricane shutters are much more affordable than you may think, and having them available could be the difference between having little or no damage versus catastrophic harm to the home.

Then there are the storm basics.  Make sure to have a few day supply of bottled water and ready-to-eat food available.  Batteries are a must to power flashlights and radios.  In case you cannot ride out the storm have a general idea of where you might go if you need to evacuate and what records/valuables can be reasonably brought along for safe keeping.  The decision is hard, but vital records like birth certificates and marriage licenses win out over the family photo album if forced to choose!  Hurricane season is all about having pride of ownership in your castle and being prepared.  Failing to prepare is preparing to fail!