What to Know About: Insurance »
In the event of a disaster that affects your home and property, what are your options?
6300 Fm 2244 RdAustin, TX 78746
From Business: Operational from over 30 years, New England Financial offers various financial products and services to businesses and professional communities. It provides a range of retirement analysis and disability income and long-term care insurance services. New England Financial also offers various types of mutual funds, including …
In the event of a disaster that affects your home and property, what are your options?
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These guys are awesome. Since they're currently one of the largest insurance companies with the smallest market share in Texas, their pricing is EXTREMELY aggressive. I was able to get 2 brand new cars and a brand new house, with a deductible of half or what I would have paid before, and FAR better coverage (umbrella for instance) for less than it was costing for just the two cars alone...like just over $80 bucks cheaper. And that's for 2 cars, AND a house! And the coverage was great, covered the full value of everything in the home, so if something were to happen, I would not only get the home repaired, but get my belongings (some of which are worth a whole lot of money and took many years to put together) fully replaced. Now, unfortunately, the mortgage fell apart at the last minute due to freaking tax right-offs (ridiculous) affecting my DTI (which they knew about, and said would not be a problem at all), so with no home, no more homeowner's. But we still got a great deal on our car insurance. Still better coverage than I or my girlfriend had and we're still saving nearly $100 a month with a FAR better policy in place. Plus Polo is by far the best agent to work with. He's been more helpful than any insurance agent I've ever worked with, he's honest, and he knows how to work the numbers. So if you end up with Polo as your agent, be thankful. He's been able to move my auto-draft date back a few days to put it on one of my bi-monthly payday's 2 times (first time was a request I made because the auto-draft was too close to payday, and too high a risk of there not being enough money in my account to cover it if it's a rough month. 2nd time was because my company decided to move our payday back 1 day: Polo took care of it no problem. Honestly, couldn't be happier. Would've had renter's with them, but the ridiculous apartment complex only allows E-Renters. Those guys (the property management company) sucks. Next year, I'm getting a damn house, f**k these property management conglomerates.
I have been with Nationwide for less than a year and earlier this year I was in an accident. The accident wasn't that bad, and I was mostly just shaken by the impact. I called Nationwide from the scene of the accident while my boyfriend called 911. I didn't really know what to expect and just told the representative I was in an accident. I remember her tone of voice changing as she was empathizing with my situation and she assured me she would walk me through the process. After she helped me file the claim, which took only about 5 minutes, she called a towing company and made arrangements to have them hold it there for the adjuster since she had a feeling it would be considered a total loss based on my description (significant damage to engine). During the next few days, I received a call from 2 more people. The first person to confirm what/who caused the accident and informed me my rental was ready and the second person (adjuster) called to tell me they deemed it a total loss and the payoff amount. The entire process was so seamless and I truly felt backed by my insurance company. I highly recommend!!!
I had no license and multiple tickets for no license, expired registration, and no insurance. I needed an SR-22. I tried getting online quotes through several of the big names, but I had too many violations. I had pretty much given up when a friend suggested Toni's Insurance. I called them up, and spoke with Allan. He must have spent at least a half hour getting my info and listening to my (sob) story on the first call. He ended the call with "I'll see what I can do, and call you back." 15 minutes later, he calls. Within 2 hours of starting the process, I had insurance and SR-22. And it is A LOT cheaper than expected. Oh, almost forgot...I was able to do everything via phone and internet, which makes it convenient, downside to that is I have never actually met my agent .. lol
Cash Matthews is the owner os the business and he's probably the most thoughtful financial advisor I've ever met. I've churned through a few people over the years who want to sell me their financial product as the "key to my financial success" but these guys never really asked for my money. They've spent hours with me talking about what I want to do in my life and what my goals are. They do everything here, from investments to wills to insurance to bookkeeping services. I'm basically consolidating a bunch of personaland business stuff with them. And if you want a random detail -- the receptionist sells jewelry! So if you get tired of investing your money in important stuff, go blow a few bucks on something for the wife with the girl up front.
I would say that this place has really picked itself up. Some of the other reviews from a while ago talk about how this place is not a reputable agency but from what I saw when I went in was that this agency has turned itself around and began thinking about the customer. I enjoyed talked to Maria ( the agent who helped me with my policy ) and I did not feel like she was trying to rush me into a sale or out the door otherwise. Not to mention they were the cheapest place I had found thus far in my search for insurance. I would say this agency is something to try for yourself.
I've never had an agent for my insurance before having Andrew Easley. I can honestly say I can't imagine what I was ever doing without one. Andrew and his staff make my insurance very simple, and are always helpful with anything I ever need. Having them to work with, SURE BEATS calling 1-800 numbers and talking to the typical monotone, and usually unintelligent sounding call-center employees which most insurance companies have. I've "seen the light" when it comes to how insurance is SUPPOSED to be, and that's thanks to Andrew Easley and the members of his staff.
I was a member of a different insurance company for over 10 years, and once I had a claim it was horrible. I went looking elsewhere and I'm very glad I found this office. They are honest about what they're selling you. I unfortunately had another claim a few months ago, but Nationwide made the process easy for me. I even received a call from this office to see how I was doing. I also like how this office takes cash or money orders. Delanie is always a pleasure to work with. She explains my bill to me whenever I have questions. Thank you Felix!
I have had my auto policy here for 1 year, and last week I received a call from Delanie. She told me my rate was going up, she told me about discounts and different things I could do to help soften the blow. I honestly have never received a call from insurance TELLING ME my rate is going up, it always just happens and I get no explanation! I appreciate how this agency takes time to help each member. Wow! 5 stars
This agency is so friendly and knowledgeable. They helped me fully understand my coverages and took their time in getting me the best quote. They were able to save me money and give me everything just like the commercials! Amanda, the agency owner, and all her staff are the best! Go by and see anyone at her office and you will be happy with the great service they provide.
I recently switched my insurance business to Austin Insurance Group and Progressive. They were extremely helpful in explaining all the coverages I had and all the coverages I didn't have that I should. They saved me over $400 a year on my car insurance, and $200 year on my home insurance by packaging them together. I recommend them highly, they are five star in my book.
To mitigate the risk of loss, people purchase insurance policies from a company. When buying a policy, the person agrees to pay a premium, which is small, regular payment based on the losses that may occur. If the insurance provider determines there is a greater chance of risk as compared to the average policy, the premium is usually higher. Premiums are often paid monthly, and can add up over time up to be greater than the expense of replacing the insured item.
Many types of insurance only cover a certain amount of risk on an item. The amount the policyholder must pay before an insurance policy begins covering an expense is called the deductible. In the event of damage or loss to whatever the policy covers, the policyholder is responsible for the deductible no matter what. If the cost of damage or loss is less than the deductible amount, the insurance company does not pay anything. If the cost is greater than the deductible, the policyholder only pays the deductible, while the insurance pays the rest. Generally, the deductible amount is related to your premium, with a higher deductible usually requiring a lower premium, and vice-versa.
Selecting the right insurance involves careful research and evaluating many different options for coverage. This is why many people use an insurance agent to assist with making the right choice depending on their needs and financial situation. Agents often interview potential or current clients to get an idea of which insurance policies would benefit them the most. Based on their needs and individual risk, agents can often give potential customers a quote, which serves as a cost estimate for a specific policy. This is only a rough idea of what the policy will cost, because evaluating the risk associated with a given customer can take time. Insurance companies often compile an insurance score to quantify the risk an individual poses and calculate premiums accordingly. Credit scores play a major role in insurance scores, but past insurance-claim history is also taken into account.
While agents often specialize in a particular category of insurance, some sell several different types of insurance. Agents can work for a larger insurance company or operate independently, selling policies from several different insurers.
Almost anything of value can be insured to protect against loss due to a variety of circumstances. Insurance policies are very specific in the items they protect and in what event the policy holders will be reimbursed. Some of the most common insurance policies cover things we all use.
Millions of Americans drive a car to get from place to place each day, so it makes sense that auto insurance is one of the most commonly used types. In most states, the law requires drivers to maintain an active insurance policy on any car, up to a certain amount. Most car owners are required at minimum to purchase liability insurance, which protects against damage for which the policyholder is at fault. Liability insurance covers damage to property as well as any injuries sustained in an accident. It's important to note liability insurance only covers damage or injuries of others, not the policyholder themselves. In addition to liability insurance, car owners can also purchase coverage for their own vehicle and medical expenses in the event of an accident. For this purpose, liability, vehicle and medical coverage are often packaged together in a single policy.
Insurance can also be purchased for other vehicles, like motorcycles, ATVs, boats or RVs, and generally functions similarly to car insurance. Policies for alternative vehicles may have higher premiums if they are considered more dangerous, or might include other coverage options specific to the vehicle. Many companies that provide auto insurance will also offer coverage for motorcycles, ATVs, boats and RVs.
Your home, condo or apartment is probably the most valuable thing you own or otherwise pay for, so it makes sense to get it insured. Homeowners insurance is important not just for the security of the house itself, but for its ability to cover possessions inside the home as well. Many mortgage lenders also require an active home insurance policy.
Like auto insurance, homeowners insurance is typically bundled together with policies covering many different items or categories of items. The primary coverage type is for the dwelling, insuring the house itself and all structures attached to it. Policies may also cover property within the home, with premiums varying depending on the value of all assets. Personal liability may also be included for damage or injuries sustained on your property that you are responsible for, much like auto insurance.
Property insurance also may cover certain major events outside of your control. These are known as perils, and may include fire, flooding, natural disasters and other catastrophic events. You may want to purchase insurance against one or more of these perils if you live in a high-risk area. Flood insurance is an exception, however, and can be purchased through the government-sponsored National Flood Insurance Program. Your lender may require this if you live in a flood-prone area.
To help pay for medical expenses, many people rely on their health insurance. With the passing of the Affordable Care Act, almost every American is required to enroll in a health care plan, or they face a penalty. Health insurance works similarly to other forms of insurance, although it is probably used to cover expenses more often, since car accidents and home damage are relatively rare compared to doctor visits and the need for medicine. Health insurance also operates on a premium-deductible model, and policyholders can choose what level of coverage works best for their lifestyle. For example, if you visit doctors very infrequently, you may consider a plan with a low premium and a higher deductible. On the other hand, people who require regular medical care may wish to pay a higher premium in exchange for more coverage from their deductible. Dental and vision care are sold as separate plans and are not required by law.
When someone dies unexpectedly or is injured severely enough to be unable to work, it can be a financial disaster for their family or loved ones. Many people choose to purchase a life insurance policy to support their family in the event their regular income is suddenly lost. Life insurance comes in two basic types: term and universal. With a term life insurance plan, you pay a premium for a predetermined amount of time, usually 10 years or more. If you die at any point in that timeframe, your family receives a death benefit. If you're still around when the term is over, the coverage is canceled and you receive nothing. Universal life covers your entire life, and usually delivers a minimum benefit at death.
Travel insurance is available for individuals who want to protect against unexpected setbacks in the course of travel, whether it's losing luggage or medical treatment abroad. Travel insurance may prove particularly useful for people who travel a lot for work or often visit remote locations. Travel insurance can take the form of either specific or blanket coverage. Specific coverage is useful for covering only certain risks, like medical emergencies or unexpected trip cancelation. Blanket coverage may cover some or all of your expenses for your entire trip.
Pet insurance is a relatively new product that may help cover the costs of medical care for a dog, cat or other domestic animal. Medical care for animals can be very costly, particularly because insurance for them is rare. By paying into a premium, you can help offset the cost of unexpected emergencies as well as routine checkups and medication. While virtually unheard of a few years ago, pet insurance has become more popular as the cost of veterinarian care has continued to rise.
Umbrella insurance is extra coverage from liability for other insurance policies, usually home or auto insurance. Consumers may choose to purchase an umbrella policy if their home or car is more expensive than a typical policy would be able to cover. For example, most car insurance liability policies cover at least $25,000 per person or $50,000 per accident. But if the accident involves a very valuable car, or the victim is willing to pursue legal action, insurance may not even begin to cover the full cost. You may want to hedge your risk by purchasing umbrella insurance to add extra protection to your existing policy.
To receive a payout for an insurance policy, the policyholder must file a claim with the insurance company. The basics of the process are straightforward, but can vary depending on the type of insurance.
Claims Adjusters and Examiners
A claims adjuster or claims examiner is an employee of an insurance company, and the person responsible for evaluating claims and determining if the company will reimburse the policyholder at the amount provided. An adjuster inspects claims related to property damage, as in the case of auto or home insurance policies. Claims examiners are typically involved in health and life insurance, and review medical records to determine the proper payout for major medical procedures.
How To Make a Claim
Filing an insurance claim can be stressful and confusing, but you need to begin the process as soon as possible to make certain you can recover your losses. It's important to note that in the case of emergencies, you should always call 911 first. The safety and health of yourself and others takes precedent over insurance.
Auto Insurance Claim: If you're involved in an accident, you need to call the police right away and have them document the situation. You can file a claim upon obtaining the police report. It's also a good idea, if possible, to take your own notes at the scene. The most important things to record are what happened before the accident, the date and time, traffic signs in the area and road conditions. Also be sure to get the other driver's name, address, license plate number and insurance information. Even photos taken with a cell phone camera can help the claims process. Once you have this documentation, call your insurance company right away.
Homeowners Insurance Claim: In the case of damage, take pictures of the affected area as soon as any safety or health emergencies are resolved. Take note of what happened and all the relevant circumstances and report to your insurer as soon as possible. If any of your possessions were damaged, use an inventory of your important assets and make note of this in the claim. Once an adjuster has made their own report, review it for accuracy.
Life Insurance Claim: Send your insurer a claim form for each beneficiary in the plan, as well as a certified copy of the policyholder's death certificate. With the proper information, life insurance claims are generally straightforward. Problems may arise if the policyholder has died within two years of opening the policy. In this case, an attorney may be needed to settle the claim.
Insurance is a wise investment, but it can make a dent in your monthly budget. Thankfully, there are a variety of ways to trim the fat off your premiums and make certain you are paying only as much as you need.
Shop and Compare
Perhaps the best way to save on any insurance policy is to take the time to compare prices between as many companies and plans as possible. Even after you've chosen a plan and started paying into it, consider looking around again when it comes time to renew the policy. Consider using an independent agent when searching for a new insurance policy. While traditional agents can still find a good deal, independent agents can choose from a variety of providers and tailor your coverage to your specific needs. The Internet has also made comparison shopping easier than ever before. Potential customers can often get free quotes online very quickly.
Buy Only What You Need
Insurance agents will often try to "upsell" on various extra products that may be useful for certain people, but are generally excessive for the average consumer. Stick with basic plans that cover as much as you need without any additional costs. For example, if the annual cost of your auto insurance is 10 percent or more of the total value of your car, drop all but the most essential coverage. This is especially applicable if the car you drive is older and could be replaced with savings. Otherwise, you are paying for insurance that will never actually benefit you in the event of a serious crash. It can help to create a budget and know exactly how much income you have to work with before making a decision on a new policy.
Take Advantage of Discounts
Insurance providers offer a wide variety of discounts for all kinds of special customers or circumstances. In one of the most basic discounts, many companies will offer lower rates for customers who purchase home, auto and life insurance policies from the same provider. Car owners may get a rebate from taking a safe driving course. For those with teenagers on their plan, good grades can earn a small discount as well. Insuring multiple cars with the same provider may also lower premiums. Some providers will offer lower rates for military personnel, federal employees, teachers, first responders and their families.