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The Cost of Auto Insurance


The reason for high prices vary considerably among states, but one thing for sure everywhere Uninsured drivers are dinging the rest of us.

When a state has a large proportion of uninsured drivers, insurance companies aren't able to spread their risk sufficiently. Uninsured drivers aren't paying their share, yet they're still crashing and causing damage, passing the buck to drivers who then make claims on their uninsured/underinsured coverage.

Despite laws requiring liability insurance in 49 of 50 states - New Hampshire is the exception - the number of uninsured have likely grown along with the unemployment rate. It is a matter of economic problem more than anything else.

How does Ohio rank? Out of the information received for 41 states, Ohio ranked at number 35. We have seen the rates inching up over the last few years to bring the rates in line with other states.
 
How does your credit score affect your rates? We'll talk about your credit score and how it affects your rate next week.  


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Posted Monday, May 23 2011 7:41 AM
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Improve your Cyber Security


Protecting your data and information may sometimes require specialized expertise. Here are some tips that can help you be prepared.

Every computer can be vulnerable to attack. The consequences of such an attack can range from simple inconvenience to financial catastrophe. While a thief can only steal one car at a time, a single hacker can cause damage and wreck havoc on both your financial and personal security.

Here are some simple steps:
  1. Use anti-virus software and keep it up-to-date. Considering activating your software's auto update feature to ensure your cyber security is always up-to-date.
  2. Don't open amelus from unknown sources. Be suspicious of unexpected emails that include attachments whether they are from a known source or not. When in doubt, delete the file and the attachment, and then empty your computer's deleted items file.
  3. Use hard-to-guess passwords. Passwords should have at least 8 characters with a mixture of uppercase and lowercase letters as well as numbers. Change your passwords frequently and do not give your password to anyone.
  4. Protect your computer from Internet intruders by using firewalls.There are two forms of firewalls: Software firewalls that run on your personal computer, and hardware firewalls that protect computer networks or groups of computers. Firewalls help to keep out unwanted or dangerous traffic while allowing acceptable data to reach your computer. Be careful which sites or services you access when using public wireless networks. Even if they are secure (requiring a password to get on), you never know who else is using the network.
  5. Back up your computer data. Many computer users have either already experienced the pain of losing valuable computer data or will as some point in the future. Back up your data regularly.
  6. Regularly download security protection updates known as patches. Patches are released by most major software companies to cover up security holes that may develop in their programs. Regularly download and install the patches yourself, or check for automated patching features that do the work for you.
  7. Check your security on a regular basis. When you change your clocks for Daylight Saving time, evaluate your computer security. The programs and operating system on your computer have security settings that you can adjust. Just as you have several locks and security at your home so should you on your computer. Also, employ the same online safety behaviors when surfing on a mobile device.

Identify theft remains one of the fastest growing crimes in the country today. In fact, Id theft has increased more than 50 percent since 2003. Identity thieves have developed a number of ways to obtain your information - from the simple theft of a wallet to elaborate internet-based scams. Once thieves have your social security number, they can establish credit in your name and incur hundreds or even thousands of dollars in credit card charges, fraudulent loans and more. Often you may be unaware of these charges until a merchant or credit card collector seeks payment for a bill that you knew nothing about. Or you may be declined for a loan due to a credit report showing defaults on loans that are unknown to you.

For many victims, the most stressful aspect of identity theft is the complicated process of reclaiming their identities and repairing their damaged credit. That's why Webb Insurance represents several companies that offer resolution services as well as access to consumer fraud specialist who can guide you through the process of restoring your name and credit record including:

  • obtaining a free credit report from the three main credit bureaus
  • placing fraud alerts with major credit reporting agencies
  • enrolling you in six months of daily credit monitoring
  • completing dispute letters on your behalf for approval and signature

If you have any questions concerning your personal Identify protection, your homeowner's coverage and/or auto coverage, contact me and let's talk.

Let's Talk,

 



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Posted Monday, April 18 2011 10:28 AM
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The Average Flood Insurance Policy


The Average Flood Insurance Policy costs less than $570 per year. Just a few inches of water from a flood can cause tens of thousands of dollars in damage. Over the past 10 years, the average flood claim has amounted to over $33,000. Flood insurance is the best way to protect yourself from devastating financial loss.

Flood Insurance is available to homeowners, renters, condo owners/renters, and commercial owners/renters. Costs vary depending on how much insurance is purchased, what it covers, and the property's flood risk.

All policy forms provide coverage for buildings and contents. However, you might want to discuss insuring personal property with your agent, since contents coverage is optional. Typically, there's a 30-day waiting period from date of purchase before your policy goes into effect. That means now is the time to buy flood insureance.

Learn your risk, contact Regina and she will provide you a Risk Profile. Webb Insurance can provide you a detailed list of what's covered regarding your building and personal property. It is also important to know what is not covered and what you are expected to do to protect your property in the event of a flood.

Let's Talk Soon,



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Posted Tuesday, March 29 2011 4:42 PM
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Are you tired . . .


Are you tired of the seemingly endless stream of TV commercials that commoditize the personal insurance buying process? Do you wonder what coverage's you will have to give up to save a few dollars in annual premiums?  There is always someone out there willing to sell you cheaper coverage but at what cost to you and your family. Are you confused about which coverage's are important to have and which you can do without?

It's a common questions I receive quite often. Webb Insurance provides an easy and confidential way to secure and compare multiple insurance quotations. You will be assisted in selecting and purchasing only those coverages that you and your family really need to purchase.

Let's Talk - What's important to you is important to me.




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Posted Monday, March 21 2011 8:21 AM
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Let's Talk


Finding the best coverage for you is important to me. To do this requires some work for both of us. It is always my goal to make this process as painless as possible, but it does take some time. Asking the right questions is important for both of us.

Knowing what coverage you presently have for your autos and home is a starting point but each quote is tailored for your specific needs. Many times when I ask this question, I receive the answer, "well, my premium is this _____" which really doesn't tell me much. As each company prices out their products differently knowing what your premium is just lets me know what you are presently paying.

Not all companies offer the same products so it is important to know what you are receiving especially if you are comparing it to your existing coverage. For example, some companies offer coverage for items loss in your refrigerator if you lose electricity due to a storm other companies only offer this coverage as an endorsement.

Don't wait until you experience a loss to find out what coverage you have. If you haven't spoken with your agent within the last year, we need to talk.

Have a great week and Let's Talk Soon,






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Posted Monday, December 13 2010 4:06 PM
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