Flood insurance popped up on the national news feeds in late March of this year. The Biggert-Waters Flood Reform Act of 2012 (BW-12) went into effect in October of 2013 impacting home and business owners along coastal areas of the Gulf of Mexico and Atlantic Ocean, as well as in the Missouri River Basin (see http://50.87.248.161/~wiseinsu/flood-insurance-reform-act-of-2012/).
Chevrolet and its parent company, General Motors, have been in the news a lot lately. In February they recalled more than 1.6 million small cars due to faulty ignition switches, and announced another recall of 1.5 million vehicles on Monday, March 17. The ignition switch defect is attributed to 12 deaths and culminated in multiple investigations.
I received an email from a friend and client of mine a couple of weeks ago. She’s a single executive in her 40’s at a company in Dallas and she wanted to meet for coffee to discuss long term care insurance. Her email contained an amount of coverage she wants to have, so I gathered the information I needed to construct a quote to help guide our discussion.
The last time I was “awarded” a speeding ticket was 10 years ago. Jonathan, his mom, and I were headed to College Station, Texas to celebrate Jordan’s birthday. I turned off I-45 in Madisonville when a local police official pulled behind me, switched on his lights, and pulled me over for speeding. I was, tried to talk my way out of it (I wasn’t paying attention, etc.) but it didn’t work; I still ended up with a speeding ticket.
hink about the last time you purchased something, anything at all. Let’s say it was a can of soup. Imagine the canned food shelves are crammed and disheveled as you look for your brand. You’re getting annoyed. The first couple of cans you spy are dented and the labels torn. In fact, is that a rodent’s dropping on the top of that one? Disgusting!
I talked with a prospective client last week. She’s rolling off her parent’s car insurance policy and having to buy her first car insurance policy. She’s a little nervous about the car insurance being added to her overall budget but is ready financially and can handle it.
Last week, I helped a family in Allen, Texas change their home and car insurance from the carrier they were with to one of the insurance companies we work with. The wife and I were reviewing what the new home insurance policy covered and she asked an excellent question: does the new policy cover the air conditioning unit? Instead of simply answering her question, I wanted to confirm what she meant by the policy covering the air conditioning unit. It turns out, she wanted to know if the home insurance policy will replace their A/C unit when it wears out.
My mom has discovered texting at 79 years of age. It’s very entertaining to read the text messages she sends. My mom feels like a technology power user because she discovered she doesn’t have to type text messages on her Android smart phone; she has speech to text capability. What’s entertaining is the spelling that comes through on her texts due to her thick Southern drawl.
The Dallas Morning News published an article on Friday, March 7th on the rising home prices of close in Dallas neighborhoods. In 12 months, prices have skyrocketed to historic highs while inventory of homes available for sale are at a 20 year low. Traffic at open houses has jumped and many sellers are receiving multiple offers for their home with most above the asking price. People who would normally be in the market to sell their house and move up are sitting on the sidelines for fear of not being able to find a home before they sell theirs.
I received a call from a client last year. She’d been in an accident and like most people I’ve worked with, wanted to know what to do. I confirmed she was not physically hurt, we reviewed what had happened, provided her with her car insurance policy number and the phone number for claims, then outlined a plan on how to best proceed. She drives a Lexus RX series so she had the car delivered to the shop of her choice which she gets to do according to Texas state law.
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