It cost WHAT?!?
What is the average cost of home insurance? *(rounded to nearest $100's).
$1,641 ($1,600 / $1,700).
Who holds the highest Auto Insurance Market Share in Massachusetts?
Commerce (Mapfre) at 17.02%
What discount could a homeowner qualify for if Pride puts on a new roof.
New Roof Discount.
Renovated home credit... updates to plumbing, heating, electrical and roof.
What is the account called that is a financial arrangement that is used to pay property taxes and insurance?
Escrow - Paul wants to make sure that your property is insured and that the taxes are paid on time, reducing the risk to Bay Coast Bank that you will default on the loan or incur liens on the property.
After a car accident, you need to see Regina, what part of your policy would cover this?
Part 2: Personal Injury Protection (PIP)
What is the average cost of a rental car per day in the US?
$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 at your rental property and you didn't use Nate to set up a separate LLC... what part of your home insurance would cover this?
Section II, Part E. Personal Liability. I typically recommend 1-1.5x your dwelling amount.
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.
$300. 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).
Chris has Isaksen Solar install new Tesla solar panels on your roof that you now own... what part of your home insurance would that be covered under?
Section I, Coverage A: Dwelling
When Eugene is reviewing your taxes, he asks to see your payroll expenses... what coverage should you have to protect your business should your employees get hurt 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.
Towing membership club
AAA / AARP. Preferred Mutual, Mapfre (commerce), Plymouth Rock all provide discount for belonging to AAA
You don't use Sean for your financial investments and someone hacks into your accounts. What coverage should you hope you have?
Cyber Liability
Part 6 Medical Payments
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).
One of your employees is wearing your swag that CB Disco printed for you and borrows your car to go to the store and gets in an accident. What type of coverage should you have?
Hired, Non-owned Auto
Your child goes to school more than 100 miles from home?
Distant student endorsement
Marcie sells your house and you down size to a condo. What type of policy should you get?
HO-6
You go see Brian and he gives you a loan to purchase a truck for your business. What type of policy should you get?
Commercial Auto