Life Insurance: Term vs. Permanent

Life Insurance: Term vs. Permanent

PERSONAL INSURANCE

Learn The Facts, Then Consider Flood Insurance

     Have you considered buying flood insurance?

 

     Before you answer “no” and add, “Why would I need that?”  or “I don’t live anywhere near a river!” you should know that many home and business owners have offered similar responses and then gone on to suffer uninsured flood damage.

 

     Before you decide not to purchase flood insurance, you owe it to yourself to learn some facts:

 

·         A little water can cause a lot of damage.  According to the FEMA-sponsored website FloodSmart.gov, only 3 inches of water in a 1,000-square-foot, slab construction home can result in damages of over $11,000! Put that 3 inches in a finished basement and the cleanup costs alone can run you more than $5,000.

 

·         You don’t need to live on a riverbank to get flooded.  Many floods occur far away from a body of water.  Water flowing down an incline, pooling in a low-lying area or unable to enter a blocked storm drain can find its way into your home or building.

 

 

·         Flood insurance can be inexpensive.  If your home lies outside the floodplain and has a slab foundation, you can purchase enough coverage to pay for your cleanup costs and minor repairs for as little as $129 a year. Homes with crawlspaces or basements will pay only slightly more.

 

             Please don’t go unprotected against flood damage without learning the facts about your risks and coverage options.  Be informed.  Be protected. Contact our office to talk about flood insurance. Carlisle Insurance Agency in Jackson, Oh 740-286-5031 www.carlisleinsagency.com carlisleagency@hotmail.com

 

 

New Year Insurance Review

New Year Insurance Reviewwww.carlisleinsagency.com

Customer Satisfaction Reviews of Auto-Owners Insurance Auto Insurance | Insure.com

Customer Satisfaction Reviews of Auto-Owners Insurance Auto Insurance | Insure.com
It is my privilege to once again inform you we received confirmation from J. D. Power and Associates we have been recognized “Highest in Customer Satisfaction with the Auto Insurance Claims Experience, Five Years in a Row.” 

When Should I File An Insurance Claim?
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When Should I File An Insurance Claim?

It is always a good idea to consult with your independent insurance agent.

5/31/2012

Insurance Claims

To pay out of pocket or file an insurance claim; the answer is not always clear.

You purchase insurance for life’s unexpected events and you trust your independent insurance agent to help you find the right coverage for the best price.

By definition an insurance claim is a request to an insurance company to pay for a loss. This claim initiates an evaluation process to determine if the loss is the responsibility of the requested insurance company. However, keep in mind that the purpose of insurance for consumers is to protect them from financial disaster, not small expenses.

There are no set rules on when to file a claim although the guidelines below can help you evaluate your individual situation. It is always a good idea to consult with your agent. Remember – he/she is there to look out for your best interest and may have more information that may affect your decision.

DO file if …
It is a BIG claim. Experts agree it is not wise to make small claims, although they disagree on what small means. To some that is $500. Others say $1,000. It will depend on what you can afford to pay out of pocket.
You have not had recent claims. Filing a single claim might have no effect on your auto or homeowners premiums.
Injuries are involved. If there is a chance someone else in the incident could claim they were injured, file a claim to protect yourself from an injury lawsuit.
You have had the policy a while. Longtime customers who make few or no claims generally get more leniency than new customers who file claims.

DO NOT file if …
Your deductible is higher than the value of your claim. Your deductible is the amount you have to pay before your insurance kicks in.
You have had other recent claims. Filing several claims in the same year might trigger an increase, Hubbard said. So, if you are facing numerous claims, you might want to pay one of the smaller ones out of pocket, she said.

Protecting Your Employees Against Slips, Trips and Falls

BUSINESS INSURANCE

Protecting Your Employees Against Slips, Trips and Falls

As a business owner, one of your primary concerns should be protecting your most valuable assets.  Most people agree the earning power of the owners and employees is one of the main assets of any business. 

     Slips, trips and falls cause the majority of general industry accidents and 15 percent of all accidental deaths.  They cause more fatalities than all other causes but motor vehicles.  In the construction industry, falls are the leading cause of worker fatalities.  Each year between 150 and 200 workers on average are killed and more than 100,000 are injured as a result of falls at construction sites.

     The Occupational Safety and Health Administration (OSHA) has recently revised its construction industry safety standards and developed systems and procedures designed to prevent employees from falling off, onto, or through working levels and to protect employees from being struck by falling objects.  The OSHA rule clarifies what an employer must do to provide fall protection for employees, such as identifying and evaluating fall hazards and providing specific training.

     Under the revised standards, employers are able to select fall protection measures compatible with the type of work being performed.  Fall protection generally can be provided through the use of guardrail, safety net, personal fall arrest, positioning device and warning line systems.

     There are many situations that can cause slips, trips and falls.  To increase the awareness of these hazards to your employees, we suggest the following:

Make tripping and fall hazards an area to focus on in your regular safety meetings and inspections.

Review each accident report to determine the cause of any slips, trips or falls and take corrective action.

Put up safety posters warning about slip, trip and fall hazards.

Provide training for all employees. 

     By eliminating workplace hazards and training employees to take work safely, most of the reported injuries and fatal accidents can be prevented.  Protecting your employees against slips, trips and falls will also have a positive impact on your workers compensation expenses.

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The Risk Of Flooding Is Real

PERSONAL INSURANCE

The Risk Of Flooding Is Real; Don’t Gamble Anymore

     A recent survey of a Vermont town affected by the recent Northeast flooding found that 80% of the people suffering a flood loss did not have the funds to repair all of the damage they received.  Between 2001 and 2010 the average loss paid by the National Flood Insurance Program (NFIP) was $48,000. 

 

     Because most homeowners policies do not cover flood losses, would the average flood loss—or even a smaller flood loss— cause you a significant financial burden?  If so, a flood insurance policy can help.  A flood insurance policy can provide up to $250,000 in structure coverage and up to $100,000 in contents coverage for homeowners.   Renters can purchase up to $100,000 in contents coverage.

 

     You can buy flood insurance no matter what your flood risk.  Almost anyone in a community that participates in the NFIP can purchase coverage.  There are very few exceptions. 

     You do not need to live near water to be flooded.  Many people affected by flooding live miles from the nearest river or ocean.  Floods are caused not only by storms and hurricanes, but also snowmelt, inadequate and overloaded drainage systems and even broken municipal water mains.

     Flood insurance is affordable.  Homeowners in low-risk areas can purchase $20,000 in building and $8,000 in contents coverage for as little as $129 a year.  Even a small amount of flood insurance can help reduce the burden of a potential flood loss.

   

     Do you think a flood can’t happen to you?  That’s what the people in the Vermont survey thought.  They gambled and lost.  Some of them may never recover.   Don’t let that happen to you.  Please contact our office and we will be happy to discuss your flood insurance options.

Flood Insurance

Shedding Light On Car Insurance Savings

Carlisle Insurance Agency

Shedding Light On Car Insurance Savings

It can be easier than you think to put the brakes on high auto insurance rates – as an independent agency; Carlisle Insurance Agency can help! We can review your policy and possibly help you find a variety of illuminating ways to save money. Here are some things you may want to consider:

• Ask us to check several companies’ rates. This is the single most important thing you can do to get the best possible rate—and we can do it for you quickly and easily. The difference between the highest and lowest rate available to you from different companies could vary by hundreds of dollars.

• Reduce or drop physical damage coverage on an older car. Depending on your car’s age and where you live, comprehensive and collision coverage may not be worth keeping. We can give you advice on whether it makes sense to reduce or drop this coverage altogether.

• Raise your deductible. According to the Insurance Information Institute, raising your deductible from $200 to $500 could reduce your collision and comprehensive cost by 15 to 30 percent. In addition, because the average driver files a collision claim only once every ten years, odds are that over the lifetime of your car, a higher deductible will save you money. We can show you how raising your deductible will lower your premium.

• Look for discounts. Many insurance companies reduce premiums for certain driver traits or car features. For example: being a homeowner for more than three years, nonsmoker, nondrinker, students with good grades, senior citizens who have taken an approved defensive driving course, people who only drive for pleasure, cars kept in garages, antilock brakes, antitheft devices, air bags, etc. Ask us to check.

• Don’t assume having your car and home insured by the same company is the best option. Because auto insurance rates vary so much from company to company, it may make sense for you to have your car and home insured by separate companies. Let’s talk about it.

To learn more about all an independent agency can offer you, call Carlisle Insurance Agency at 740-286-5031 or visit www.carlisleinsagency.com or www.progressiveagent.com.

Michael Carlisle

Carlisle Insurance Agency

659 E. Main St. Suite A

Jackson, Oh 45640

Extra Expense Insurance

If your business suffers a major disaster that interrupts normal business operations, what effect will it have on your operations over the long term? Will you be able to retain customers? Will you lose valuable employees? Alternatively, does your

business allow you the flexibility to operate from a different location with equipment that is easily acquired? The answers to these questions allow a business owner to determine whether business income coverage, extra expense insurance or a combination of both, is needed.

Businesses, especially those offering a service that can easily be replaced by another business, may face permanent loss of customers if business is interrupted for an extended period of time. Businesses whose operations depend more on employees than on location may not have a serious threat of income loss, since they can continue operating from a temporary location preserving income flow. However, operating from a temporary location and expediting delivery of replacement supplies and equipment can add up to considerable extra expense. Additional advertising may also be necessary to let people know you aren’t out of business. In many cases, a business may need both business income coverage and extra expense coverage.

The promise of extra expense coverage is to pay the actual and necessary extra expenses needed to continue operations, which would not have been incurred if there had not been a direct physical loss to the business. The period of restoration begins on the date of loss and ends when the property should be repaired, if reasonable speed is applied while returning the property to its pre-loss condition. Interference by building ordinance, zoning law or environmental protection law does not extend the period of time when extra expenses are payable. The period of restoration is based on the period of time during which repairs should be completed. The expiration of the policy has no bearing on this period of time. http:\\www.carlisleinsagency.com

Grange Insurance is now available at Carlisle Insurance Agency in Jackson, Oh. Call us for a free Home, Auto, Life, Business insurance review. "Helping You Protect What Matters Most Since 1890"

Carlisle Insurance Agency
213 E. Main Street
Jackson, Oh 45640
740-286-5031http:\\www.carlisleinsagency.com