While ANYTIME is a good time to review your coverage, Take advantage of those New Years resolutions on one that wont cost you a red cent.  Let us review your policies.  You don’t want to get bad news AFTER a claim.  Know what your policy covers and DOES NOT COVER! 

Even though we review coverages at the time of your application, Its always good to review what you do and don’t have, and to update for potential discounts you are not currently getting.

Happy New Year!

Paul

We had 3 claims called in from the storm thursday. Thankfully no bodily injury locally. The worst of the damge off Bismark rd, although, one family near the St George, Ga line (On the Florida side) lost half their roof.  Over all, the community can be thankful no one was injured.

http://www.insurancejournal.com/news/southeast/

It seems simple, but I get a lot of questions about deductibles, so I
thought I’d take a minute and explain the basics to you.

The deductible is the amount you pay when you have a claim.  You must pay
the deductible amount and then the insurance company will pay for the rest
f the loss.

There are a number of reasons why deductibles exist.  For one, there’s alot
of expense associated with processing a claim.  By requiring deductibles,
insurance companies reduce the expense of processing many small claims.

This is why raising your deductibles can dramatically lower your premium in
many cases.  The insurance company wants you to raise your deductibles, so
they only have to process big claims, and they give you a big price break
for that.

When you pay small losses yourself you not only get the premium break, but
your losses are tax deductible.  So, it can be cheaper to raise your
deductibles and save the premium.

Another reason for deductibles is to reduce “moral hazard.”  Insurance
fraud is a huge problem as is.  Dishonest people would create even more
fraudulent losses if there were no cost to them.

Remember when setting up or changing your insurance that balance is the key
…. raising your deductibles high enough to get a good premium reduction,
but not so high that you couldn’t cover the deductible in the event of a
loss.

Give me a call any time you want to check into your options with your
deductibles.

As always, if think any of your colleagues would benefit from this message,
please pass it on. We don’t want anyone to face a difficult situation
because they didn’t have the right information.

Sincerely,

Paul Schwend
SCHWEND INSURANCE AGENCY, Inc.

879-1958    225-0748    786-1362

www.InsuranceMan.com