Spring has officially sprung and it’s time to pull the motorcycle out of storage after a long winter of hibernation; or perhaps you’re in the market for your first bike. Either way, give The Insurance Outlet a call! With our help and some of these tips* offered by Safeco, you could save up to 40 percent on your motorcycle policy.
Take a Motorcycle Safety Course*
Join a Riding Club or Group*
Garage Your Bike*
Own Your Own Home*
Choose a Higher Deductible*
It’s also possible to lower your rate if you:
Give us a call or email today so we can get you (back) on the road and saving money!
Do you own property that could be damaged or destroyed by water? If the answer is yes, then you should seriously consider buying flood insurance. Most people buy coverage offered by the National Flood Insurance Program (NFIP). If your community doesn't participate in the program, you'll have to look into coverage from private insurance companies.
Is Flood Loss Likely?
Floods are related to weather conditions and tend to affect very wide areas. This often makes chances of a flood loss higher than a loss from fires or windstorms. Many people have the obsolete belief that flood insurance is only needed if you live in a flood prone area.
I Live in a Flood Zone?!
Why Worry When Disaster Coverage is Available?
Don't Be "All Wet".
Revised from an article provided by ©The Rough Notes Company, Inc.
An Industry Only a Mother Can Love
Really Think About the Big "I"
However, the real value of insurance exists each and every moment that a loss doesn't occur and no payments have to be made. Its value is there for every home that passes years without storm damage, without windows broken by baseballs, without suffering kitchen fires or roofs caved in by snow. Value is right there in front of your eyes as you drive past businesses, apartments, schools, hotels, factories, supermarkets and shopping centers.
Modern Economies Have to Have It
Insurance…it's worth it! Call The Insurance Outlet today! Or, if you prefer, you can get a quote online here.
©The Rough Notes Company, Inc.
When temperatures drop for extended periods of time, the risk of frozen pipes increases. We at the Insurance Outlet hope you will never experience the inconvenience, expense and loss of personal belongings this can cause to your home or office. The American Red Cross published the following recommendations for preventing, and recovering from, frozen pipes.
“An ounce of prevention…
During cold spell these tips will reduce the likelihood of pipes freezing:
A pound of cure
Despite your best efforts, pipes may still freeze. If you turn on a faucet and only a trickle comes out, suspect a frozen pipe. Likely places for frozen pipes include against exterior walls or where your water service enters your home through the foundation.
Here are some steps to take if you suspect your pipes have frozen:
As the outside weather turns cold, many turn to the use of space heaters and woodburning stoves to help fight the chill from their homes. The wintry months of December through February are the highest for reported home fires that involve heating equipment. Such fires are a sad, significant source of fire fatalities.
If you choose to make use of space heaters or woodburning stoves, take the time to make sure they can be used safely. Steps can be taken to minimize the chance of a tragic fire loss.
Purchasing the auto insurance that is right for you can be confusing, especially for first-time buyers. By learning the basics on how to get the most for your money, you can save on your auto insurance and feel confident you have adequate coverage. The Insurance Outlet offers these tips to lead you in the right direction when you purchase your car insurance.
• Be a safe driver. Drivers with good driving records can save as much as 60 percent over drivers who cause accidents.
• Enroll in a driving class. Drivers who complete a state-approved defensive driving course, or drivers under the age of 21 who take a driver training course, could qualify for savings.
• Buy a car that includes safety features such as anti-lock brakes, alarms or other security features, airbags, and automatic seat belts.
• Choose a higher deductible (what you pay before your insurance policy kicks in), which can mean paying less for your policy.
• Eliminate unnecessary coverages. If you drive an older car with little cash value, consider eliminating “collision” or “comprehensive” coverage, which pays for damage to or theft of your car.
• Insure more than one car with the same company, and you may be eligible for savings.
• Insure your car and home with the same company. You could save money if you have more than one type of policy with the same insurance company (for example, an auto policy and a homeowner’s policy). The more good business you give the company, the more valuable you are as a customer.
• Look for low-mileage discounts if you car pool or do not put a lot of miles on your car annually.
• Check for student discounts such as a good student credit for maintaining a B average, or if a driver in your household is living away at school and not driving as much.
• Buy a safer car that will cost less to repair and less to insure. Check crash-test reports, repair records and manufacturer recalls of any car you are considering. A consumer protection magazine can be very useful or check car sites on the Internet.
Purchasing the homeowners insurance that is right for you and your home can be confusing, especially for first-time buyers. By learning the basics on how to get the most for your money, you can save on your homeowners insurance and feel confident you have adequate coverage. The Insurance Outlet offers these tips to lead you in the right direction when you purchase your homeowners insurance.
• Shop around. In addition to considering friends, family, the phone book or the Internet as possible sources to find homeowners insurance, consult with an independent insurance agent. Look for a wide range of prices from several companies. Remember, you get what you pay for, so look for not only a fair price but excellent service as well. Check a company’s financial rating with A.M. Best or Standard & Poor’s.
• Raise your deductible. Companies generally have deductibles (what you pay before your insurance policy kicks in) starting at $250. By choosing a higher deductible ($500, $750, $1,000 or higher), you’ll have lower annual premium payments.
• Consider how much insuring a new home will be. The age of your home may qualify you for savings because plumbing, heating and electrical systems of newer homes have lower risks than outdated systems. Construction of the home (brick versus wooden frame) can affect your cost as well, depending on your home’s location. Also, if you live near your local fire department, your homeowners rates might be lower than if you are many miles away.
• Insure your home, not your land. Since homeowners policies don’t provide protection for your land, it would be a waste of money to include its value as part of your dwelling coverage, which should only reflect the price it would cost to repair or replace your home’s structure.
• Insure your car and home with the same company. You can save money if you have more than one type of policy with the same insurance company. The more good business you give the company, the more valuable you are as a customer.
• Improve home security and safety. If your home has certain types of fire alarms, burglar alarms, locks, or smoke detectors, you’ve reduced your risk and may qualify for a credit.
• Look for senior discounts. If you are at least 55 years old and retired, your insurance company may offer you a discount. Retirees often spend more time at home and are more likely to spot trouble and prevent a loss.
• Look for group coverage. Many insurance companies offer discounts to groups such as alumni or business associations. Check with your association director or employer to see if they offer a plan.
• Stay with one insurer. If you keep your coverage under one insurer for several years, you may be offered a discount from the company. The longer you are a customer, the more money you will likely end up saving.
• Compare the limits in your policy to the value of your possessions at least once a year. If you make any major purchases or additions, you want to ensure they will be covered, but you do not want to spend more than is necessary.
The beginning of a new year is a time when we find ourselves assessing our life, career and/or health. Why not your insurance as well? As our lives change, so do our insurance needs. Just as you get a yearly physical exam and car inspection, so too should you review your coverage to assure that you are adequately covered.
Life and family
An annual review may also save you money. Talk to your agent about the possibility of increasing liability limits on your auto, home or recreational vehicles and taking advantage of all the discounts available to you, such as those offered for bundling your home and auto policies, setting up automatic payments and/or signing up for paperless delivery.
Call us today to schedule your annual checkup. We’ll discuss life changes, coverages, and your overall insurance costs to assure that you're still getting the best value for your personal needs.
1. Options - Independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. On average, most independent agents, including The Insurance Outlet, work with more than a dozen different companies. Why accept a quote from just one carrier when an independent agent represents so many? This allows them to make the best match for your lifestyle, belongings, risk factors and needs while also seeking competitive rates, coverage and quality of service.
2. Time Savings - You’re a smart consumer; you want the best value and coverage, but the time required to research various options and fill out forms for online quotes would be exhausting. With an independent agent there’s no need to do all that. Their connections and knowledge of the market allows agents to often find a better value for your insurance dollar than you might find on your own. Agents do the shopping. You reap the benefits.
3. Quality - Independent agents have the freedom to work with only those carriers they know to provide the best coverage, value, customer support and fastest claim service. They can add or remove insurance carriers from their offerings at any time, as they see changes in the industry. This gives you the peace of mind of knowing your coverage is provided by the most reputable, efficient and professional companies.
4. All about YOU! - Independent agents don't work for the carrier, they work for YOU! They become your personal advisor and advocate. If you have a claim or billing concern, or need to change your coverage, your agent will work with the insurance company on your behalf. An independent agent takes the time to listen to you and understand your individual needs. They know it’s not just about finding a price you can afford; it’s also about making certain you are appropriately covered.
5. Life Happens – Marriages, births, teen drivers, new homes, these are just some of the life events that affect your insurance needs. Independent agents see these changes as opportunities to review your account and assure you’re still getting the best value. They’ll determine if another one of the many companies they work with might be better suited to serve your new circumstances.
6. Expertize – Independents make a career out of assessing their customers’ insurance needs and matching them with the insurance carrier best equipped to meet those needs at a price the customer can afford. They know the idiosyncrasies of one carrier's underwriting versus another. For example, some carriers offer unique coverages such as underground utility services which provide coverage should a water or sewer line were to break. This isn’t covered by most homeowners’ policies, and most likely wouldn’t even know that until you had a claim.
7. Understanding your Community – Independent agents share your interest in your community and understand the benefits and challenges associated with your daily life. It’s doubtful that a gecko, duck or quirky lady named Flo would understand the unique risks associated with tens of thousands of bikers invading the streets of your small town on Laconia Bike Week or the challenges associated with boating on a lake crowded with tourists who are unfamiliar with that body of water. They also know which local cleaning & restoration companies will pick up the phone at 2am and which area autobody shops, rental agencies, glass centers, electricians, plumbers, contractors to recommend based on their reputation for quality and timely work. You won’t get all that from an unknown customer service rep at a well-publicized 800 number.
While we do have customary business hours, rest assured that we monitor our voicemails 7 days a week and return calls outside of the typical business hours when you need help with a claim. That’s our promise to you.
Why not give us a call today or stop into our office (you can’t do that with those online companies!) and see what we can do for you.
Traditionally, auto insurance rates have been based on risk factors determined by a driver’s age, type of car, marital status and zip code. Needless to say, this is less than a perfect system relying on predictive risk modeling as determined by statistics and research.
Rewarding Safe Driving
While Safe Driver programs offer lower premiums and/or bonuses for drivers who have filed no claims over a period of time; they are simply a reflection of history rather than present behaviors. Through these programs, improved driving habits may take years to result in lowered rates.
A Better Mouse Trap
With recent technology allowing for the collection of accurate data, we now have the option of Usage-based Insurance. UBI, also referred to as “Pay as You Drive”, is defined by Wikipedia as “a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place”.
Data is transmitted to the insurance carrier through onboard telematics technology by simply plugging in a small device, called a Dongle. By collecting information such as time of day driven, miles driven, and breaking habits, insurance carriers are able to analyze real-time data and price the risk of a driver more accurately, resulting in an average savings of 6% and 30% for qualified drivers.
Through the use of mobile apps, drivers are able to access personal data relating to their driving habits. With a potential cost savings as incentive, over 50% of drivers report that they have made efforts to modify their driving. Carriers are hopeful that this will result in making our roads a bit safer for everyone.
Some carriers offer a trial period for Usage-based Insurance. Contact us today to discuss the potential for reducing your auto insurance rates through this technology.