There’s one question that pops up every year: “When do I add (son or daughter’s name) to my car insurance?” It comes from a dad or mom with a teenager who’s about to turn 15.
Every week we talk with people about home insurance. Two of the people I talked with last week included a young couple buying their first home in Fort Worth, the other was a long time homeowner in Frisco, Texas who was concerned they were paying too much for home insurance. The conversations about the homes were not that much different and focus on two broad areas…
?On Friday, January 25th, an earthquake measuring 4.8 on the Richter scale occurred in the east Texas town of Timpson. Timpson is about 172 miles south east of Dallas. The earthquake occurred at 1:01 a.m. and was felt in east Texas, southwest Arkansas and western Louisiana. No injuries or damage were reported.
?Before becoming an independent insurance agent, I was with a national carrier in their Las Colinas office. A group of us were visiting the claims office in Irving and I had the opportunity to discuss some of the more unusual claim issues with which they were dealing. The manager was working on an auto claim involving a Chevy Silverado pickup truck. It had been in a hail storm and the hail storm won. The issues giving the claims manager a headache
Over the weekend, a group of us from Dallas went camping. We spent Friday night at Eisenhower State Park in Denison before backpacking in a different area on Lake Texoma. After the tents were set up and everything was organized, we all sat around the fire talking. I took the opportunity to do an informal survey of our friends. I asked each person how many computers they have. I added to that printers, software, tablets and readers. What I didn’t ask about but could have been added to the list was gaming systems (Nintendo, Xbox, etc.), data storage, or hard drives.
was talking with one of my Dallas area clients a couple of weeks ago. He’s a dad with a son that’s about to turn 16. We were reviewing what would happen with his car insurance when his son got his license. I confirmed the obvious first, it will go up the moment we add his son to their policy and what the increase will be.
There’s one more type of water peril that’s different from leaks. Homeowners and renters need to be aware of this peril. It’s sewer and drain back up. Leaking pipes and appliances are certainly a nuisance, but at least the water is clear and clean. Much more foul is a sewage and drain backup.
??When it comes to water leaks, most insurance companies and their policies classify leaks into two categories;
Sudden & accidental
Slow drip or slow leak
Sudden & accidental: This type of leak is characterized as being sudden; it quickly materialized or occurred and it was unintentional.
The forest quickly enveloped us and we talked less as we focused on hiking, the views, and making it to the top. I enjoyed the conversations with friends but I also enjoy the quiet. This was where I began to “hear” the business lessons the hike was teaching. Here are three more lessons I learned.
Imagine with me three different scenarios. I’m sure you may identify with one of these examples! You’re hosting a dinner for friends. You need one last item from Whole Foods so you give some money and your car keys to one of your guests and ask them to get it for you. The store’s only two minutes away. What could go wrong?
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