It cost WHAT?!?
What is the average cost of home insurance? *(rounded to nearest $100's).
$1,641 *($1600 / $1700)
Who holds the highest Auto Insurance Market Share in Massachusetts?
Commerce (Mapfre) at 19.02%
What discount could a homeowner qualify for if Sinclaire goes to their house?
Renovated home credit... updates to plumbing, heating, electrical and roof (he will probably add roofing to his other 10 professions soon anyways).
What is the account called that is a financial arrangement that is used to pay property taxes and insurance?
Escrow - Mike wants to make sure that your property is insured and that the taxes are paid on time, reducing the risk to Leader Bank that you will default on the loan or incur liens on the property.
What is all the junk that John removes from your house covered under?
Section I, Part C. Personal Property
What is the average cost of a rental car per day in the US? Dmytro???
$75! This is why it is important to carry the proper limits on your auto insurance policy under part 10 Substitute Transportation. *(Insurance companies will discount it so I typically recommend $45/$1,350 or $60/$1800 if you have a SUV).
What is the risk pool home insurance carrier in Massachusetts
Massachusetts Property Insurance Underwriting Association (MPIUA) also known as the Massachusetts FAIR Plan (Fair Access to Insurance Requirements)
Anti-theft discount
Trick-or-Treator slips and falls on your steps and calls Randy... what part of your home insurance would cover this?
What are the required liability limits to have in order to qualify for an umbrella?
per person / per accident.
Need to protect those assets that Brad is investing for you.
What type of policy will protect all your assets that Brad manages?
An Umbrella Policy for less than $1/day for peace of mind. *(depends on number of cars, houses and inexperienced drivers).
What carriers logo is a red umbrella?
Travelers
Water shut off valve (water sensor is another too).
Darren from NEED helps your wife secure a job working from home. What should you add to your home insurance?
Incidental business use coverage. No more than 3 people /day foot traffic and less than 50% of the structure - no cost.
When Todd is reviewing your payroll, he makes sure you update what insurance that is required in the event your employees are injured on the job?
Workers Compensation
How much does 1 speeding ticket INCREASE your insurance?
Name a high net worth carrier that I write for (Dwelling coverage $2.5+)
CHUBB, PURE, Cincinnati Group, NatGen Premier or AIG.
Part 11 - Towing and Labor. *(Discount: AAA / AARP. Preferred Mutual, Mapfre (commerce), Plymouth Rock)
Unfortunately you did not use PriorIT and you were hacked ... what type of insurance should you have?
Cyber Liability.
What type of policy should you have if Brian wraps your vehicle in your company logo?
Commercial Auto
How much does an at fault accident that pays out MORE than $2500 cost you over the next 3 years?
Lose your safe driving credit (~$100)
Surcharge $400-$600 for the next 3 years.
Total is roughly $1,500 (Plus your deductible!)
*(note after the 3 years it starts to decrease, but still will most likely add up to about the $2500).
What AI company do I write for that is great with Commercial Habitational Risks?
Honeycomb (writes on Travelers Paper)
Your child goes to school more than 100 miles from home?
Distant student endorsement
HO-6
One of your employees get hurt on the job, what coverage that Steve recommended will pay for their injuries?
Workers Comp.