Monday, September 28, 2015
DeFranco Insurance Wins Safeco Award 11 Years Running
Safeco Insurance® Award of Excellence 2015
John DeFranco of DeFranco Insurance Agency earns Safeco Insurance® Award of Excellence for superior underwriting skill
Seattle, WA— Safeco Insurance has selected John DeFranco of DeFranco Insurance Agency in Seattle, WA for an Award of Excellence. Fewer than 5% of insurance agents across the country who sell Safeco Insurance personal lines policies receive this prestigious honor.
“John DeFranco is dedicated to providing our clients with the insurance protection they need at the right price,”
“Safeco shares that same value, and we are thrilled that John DeFranco has been recognized with one of the company’s top honors.”
To receive a Safeco Award of Excellence, an insurance agent must have a strong relationship with Safeco and superior underwriting skills John DeFranco has earned Safeco’s Award of Excellence 11 times in the last 11 years.
“Outstanding underwriting and strong partnerships benefit DeFranco Insurance Agency’s customers,” said John. “Because Safeco Insurance supports independent insurance agents as trusted advisors, I am honored to have been selected for the Award of Excellence.”
About Safeco Insurance
In business since 1923 and based in Boston, Massachusetts, Safeco Insurance sells personal automobile, homeowners and specialty products through a network of more than 10,000 independent insurance agencies throughout the United States. Safeco is a Liberty Mutual Insurance company.
Boston-based Liberty Mutual Insurance is a diversified insurer and the third largest property and casualty insurer in the U.S. based on 2013 direct premiums written as reported by the National Association of Insurance Commissioners. Liberty Mutual Insurance also ranks 76th on the Fortune 100 list of largest U.S. corporations, based on 2013 revenue.
Tuesday, September 15, 2015
Reasons To Consider Higher Auto Insurance Limits
1. Buying higher limits can save you significant claim
dollars.
Buying higher auto
liability limits is seldom important…until it is. Consider this…the minimum limits that are required in WA for auto insurance are $25,000 per
person for bodily injury/$50,000 per accident for bodily injury and $10,000 per
accident for property damage. If you cause injuries or damage above these
amounts, the money to settle the claim is going to come out of your hip pocket.
2. Buying higher limits can save you premium dollars.
This concept is strange but some
insurance companies give discounts to new customers that have higher limits on
their prior policy. I guess they have found that customers that purchase higher
liability limits have fewer claims.
3. It’s the right thing to do.
So you’re broke and
the saying “you can’t squeeze blood out of a turnip” applies to your finances.
If you have an accident causing big damages, wouldn’t you want to pay for the
mess you’ve caused with the proper auto insurance? It’s a risk you take when you don’t go above the minimum
limits of insurance. You don’t have the aforementioned “Hip Pocket National” to
pay the bills, but you can have the insurance coverage to do so.
4. Keep the insurance company defending you.
If you cause a big
claim, your policy covers the legal expenses if you are sued. There’s no limit
on the amount of attorney fees that can be covered under the policy so at least
the $50,000 of legal fees will be paid. But
there is a BIG catch. The policy says that when the insurance company exhausts the
liability limits, they don’t have to defend you any longer. So if it looks like
the legal fees are going to be huge, the insurance company cuts their losses by
paying out the liability limits. To keep the insurance company paying for those
large legal fees, buy high liability limits.
For More questions Click Here To Get A Quick Answer I have a questions
Monday, September 7, 2015
Identity To Artwork, Insurance Is Now Needed In More Ways Then You Might Think
Have you heard of supermodels insuring their legs or singers taking out a policy on their priceless vocal chords? That's probably not necessary for most people, but many of us probably do have a few valuables that can and should be insured separately.
A standard homeowner's or renter's policy will cover many of these items, but only to a limited extent and under certain circumstances, such as loss due to fire or theft. If your homeowner's policy doesn't provide adequate protection, it's possible to amend your policy to increase the cap on a reimbursement or extend your coverage to include additional causes of loss. If you can't negotiate the coverage you need within the confines of your homeowner's insurance, consider purchasing a separate, specialized or scheduled policy for the following items:
Jewelry: It's pretty likely that the standard cap on your homeowner's insurance will not accommodate the value of most expensive jewelry. An easy option is to increase the liability limit for these items by paying a slightly higher premium but this still may exclude many accidental causes of loss. A good standalone or supplemental policy offer protection from the "mysterious disappearance" of precious jewelry, as well as stones that fall out of their settings, among other things.
Artwork: If you own one or two high-quality pieces of art, it's a good idea to have them appraised regularly and covered under a fine art "floater" on your homeowner's insurance. But if you are a collector or if your art is frequently moved around to different venues, a standalone policy is highly recommended. Art insurance specialists can help you accurately value your collection, and a specialized policy will guarantee coverage in a wider variety of circumstances.
Bikes: If you own a state-of-the-art bicycle, it's definitely a good idea to check into specialized coverage that will garner you the highest reimbursement in the event your bike is lost, damaged, or stolen. Policies for serious cyclists may offer coverage for rental bikes, theft away from home, and even event fee reimbursement.
Identity: Identity theft insurance (sometimes called identity fraud insurance) is now commonly available as an endorsement to a standard homeowner's policy or a standalone product. According to the Insurance Information Institute, "Identity theft insurance provides reimbursement to crime victims for the cost of restoring their identity and repairing credit reports." This means it may help pay for everything from stamps to legal fees should your information be stolen. An identity theft policy does not reimburse you for money stolen via identity theft; however, it just helps you to pick up the pieces.
Instruments: If you're a casual player who uses your instrument at home, your homeowner's insurance may be enough to cover you if your instrument is stolen or damaged in a fire. But if you regularly travel with your instrument or own an especially expensive antique, chances are a homeowner's policy will not protect your instrument against the most likely causes of loss or damage. Musical instrument and gear policies are relatively inexpensive and will give you much more peace of mind.
Computers: Knocking a cup of coffee onto your laptop might ruin your day, but it doesn't have to become a nightmare. At the very least, be sure your homeowner's policy covers the replacement value (not the actual cash value) of your desktop or laptop. If you choose to go with a standalone policy, you can get coverage for all kinds of accidents, plus hard drive crashes, LCD issues and even WIFI failure.
The sky's the limit: No insurance company starts out with a standard vocal chord coverage policy so if there's something that is especially valuable to you, talk to your agent to see if it's possible to get more comprehensive coverage. Remember, if you choose to schedule valuable items under your homeowner's insurance rather than purchase specialized coverage, it's up to you to keep track of their value and regularly update your policy.
Questions? Call or contact DeFranco Insurance today.
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