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.
?I’m currently working with three different Dallas area clients on life insurance policies. They’ve answered the 3 questions that need to be answered before shopping for life insurance (http://bit.ly/XDHoGu) and we’re in various stages of the application process; completing applications, reviewing options, submitting applications, and waiting for underwriting.
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.
Everyone smiles when I ask about traffic tickets or accidents. Some have even asked what they have to do with life insurance. Almost every insurance company that processes a life application will run MVR (motor vehicle report) and CLUE reports. The MVR show violations such as tickets and the CLUE report shows accidents.
?One of my clients called me last year with a question that was pretty interesting. She’s a Dallas area mom with a son who was about to turn 15. While she was already wondering what was going to happen to her car insurance premium when her son turned 16, her question was: Will she get a better discount if her son takes the parent-led vs. instructor-led driver education?
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