Homeowners insurance may seem like an extra expense, but knowing you’ll be protected if something happens to your home is invaluable. Here are a few simple tips that can help you find the right amount of coverage for the most affordable price.
Do your research.
Your mortgage lender might recommend their preferred insurer, but ultimately the choice is up to you. Be sure to shop around and get quotes from at least three different insurance companies. Working with an experienced insurance agent, like the team at Founders, is a simple way to know you’re getting the most for your money.
Talk to your agent every year.
There are a lot of factors that go into how much your premium costs will be. If you complete a renovation or major repair that adds value to your home, your insurance needs could change. Your insurance agent will be able to interpret the (sometimes purposefully) difficult to understand renewal contracts and assure you that your home has the coverage it needs.
Ask about available discounts.
Did you install energy-efficient windows, or update your smoke detectors? Is your home a new construction? Can you bundle your home and auto insurance? These are all important questions to ask your insurance agent so they can help you find the most cost-effective policy to fit your needs.
Finding the best homeowners insurance policy can seem overwhelming, but it doesn’t have to be! Our expert team is here to walk you through every step of the process and make sure your home and family are protected. Let’s get you started today!
Finding the right auto insurance can seem overwhelming. A quick internet search will provide you with hundreds of companies and policies to choose from, each claiming to get you the most coverage for the least amount of money. So how do you know which one is best for your needs? We’re glad you asked…
The most common mistake people make when they’re buying auto insurance is getting too much or too little coverage. In many states, drivers are only legally required to carry liability insurance. This type of policy will cover damages to a third party and their property, but won’t cover the driver (in most cases, you). If you find yourself at fault in an accident that causes damage to another vehicle, your liability insurance will cover those damages; however, if your car needs repairs, you’re on your own. While the low monthly cost of these policies can be incredibly tempting, the lack of coverage on your own vehicle could end up costing you thousands of dollars.
On the other hand, an insurance policy with too much coverage can also be costly. If you’re driving a used sedan, you’re not going to need the same policy as someone with an expensive sports car. While these policies will cover typically cover high-cost repairs, they often come with an expensive monthly premium and deductible. You could also end up with overlapping coverage. For example, most personal health insurance policies will cover medical expenses resulting from a car accident, which means you don’t always need an auto insurance policy that does the same. It’s important to check all of your existing insurance policies so you know exactly what each one will cover.
Another mistake consumers make is opting for policies with a low monthly rate that carry a high deductible. While this kind of optimism is admirable in most situations, when it comes to insurance, a “hope for the best” attitude can often do more harm than good. You’ll save a little every month, but a high deductible means that could end up paying for thousands of dollars in repairs. When shopping for the right policy, make sure you weigh the monthly savings against the potential out-of-pocket costs.
It’s also important to update your insurance policies with major life changes. If you change jobs and end up with a shorter commute, you could qualify for a lower rate. Buying a home, becoming a parent, improving your credit, or even retiring can affect your insurance rates. Working with an insurance expert who understands your personal needs is the best way to get the right coverage through every stage of your life.
Our team of experts is always ready to help you find the insurance policy you need. Get started today!
For many young families, it can be a struggle to make ends meet. You’re in the beginning of your career, and you may have just purchased your first home and started a family. When you’re juggling expenses like mortgages and child care for the first time, buying a life insurance policy seems like something to put in the “in a few years” pile. But what if the unthinkable happens?
If you or your spouse dies unexpectedly, life insurance will help make sure your family can maintain as much normalcy as possible. It can give your family the financial protection needed to stay in the same home, keep your kids in the same school, and give the surviving spouse time to make difficult decisions without worrying about money. When you’re young and healthy, though, this kind of protection can easily seem like an unnecessary expense.
The idea that life insurance costs more than it’s worth is a common misconception. Most healthy young adults (those in their late 20s or early 30s) will qualify for life insurance plans that cost less than $20 a month. When you compare this against the potential hundreds of thousands of dollars in medical bills and other end-of-life expenses your loved one could be left with, the choice is simple. In fact, the best time to purchase life insurance is when you’re younger, because policies become more expensive as you age.
When it comes to life insurance, there are many different options to explore and questions to ask. Our expert team of independent insurance agents is ready to help you find the plan that best protects you and your loved ones. Contact us today to find out more!
Recently, more and more companies have started to implement new policies that prohibit the use of cell phones while driving. And the reason is easy to understand, texting or using the phone while driving is one of the leading causes when it comes to motor vehicle accidents; it’s also against the law in Georgia and many other states. This is why it makes a lot of sense for companies to have a policy which doesn’t allow their drivers to use phones while driving on company time.
Why Do Companies See the Need for this?
The problem with distracted driving is that it impairs the accuracy and speed of the driver in reacting to the vehicles and situations around them. By the time the driver reacts to the situation, it is often too late. The more claims a company has on their auto insurance, the more they’re going to pay. They could even get dropped by their insurance company for too many claims!
Does this help lower auto insurance costs?
Absolutely, if a company has dedicated policies that are designed to make driving safer, the car insurance costs can end up being lower. The amount a company pays for auto insurance is based on many factors, and the driving records of the company drivers is a huge factor.
Implementing distracted driving policies in the workplace is not difficult. First, you need to create the policy, or use a template and adapt it to your business. It may be best to have your attorney draw it up and/or review it. Next, you must distribute it to your employees and have them sign an acknowledgment that they have read and understand the policy and will abide by it. A good policy should have consequences up to and including termination for employees who cause a claim that is the result of distracted driving.
We encourage you to focus on implementing distracted driving policies in the workplace as quickly as possible. It helps keep your drivers safe and focused on the road ahead. Plus, in many states, it is the law! And since it can help lower car insurance costs for your business, it is something you should focus on right away.
We are an independent insurance agency headquartered in Woodstock, Georgia. Our group has access to rates from many respected insurance companies in the country. Founders Insurance has served generations of individuals, families, and businesses in the Atlanta area with the insurance products they need. Our experienced agents will work for you to get the best quotes to maximize coverage and minimize price! Give us a call or come see us today!
Our new blog is nearly here, check back soon to see future updates and news.