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General insurance tips

Posted January 08, 2014 in Advice Column, Norwalk

Insurance need not be a frustrating experience. With the right advice and the right knowledge, you can buy a policy with little to no stress. This article will help you with the process.

Seek an agent who represents multiple companies so he or she can shop your insurance with a number of companies. You can often get discounts when bundling multiple lines of insurance with the same company. If you change your car insurer to chase a small savings, that savings may be nullified by the increase in your homeowner’s insurance rates.

Before you go into business, make sure every aspect of the business is covered. Most policies cover you for a wide range of risks, but if you have employees you will need to have workers comp coverage. Another important coverage is business interruption. If the business location suffers a large loss such as a fire, business interruption pays you a specified amount of reimbursement while you are rebuilding the property. Can your business survive six months with no income coming in? This will help your business stay afloat during that period.

Whenever you file an insurance claim, keep notes and documentation of the entire process. This will help to ensure the claim will be processed efficiently and smoothly. Have the adjuster’s name and phone number written down, along with details of an injury you have suffered. This will help you settle the claim quicker as you are able to show the documentation.

If you can avoid filing small claims, you should do so. It is probably cheaper to cover small expenses yourself, as making a number of small claims may cause your rates to rise. There are also many insurers we represent that offer very large discounts to clients that have not filed a claim in three years.

Lane Insurance is a locally owned independent agency founded in 1969. We represent many insurance companies to shop the market for the best rate. That is a very important aspect of our business. Some insurance companies represent just one company, so if the rate goes up they have no other option for you. Lane Insurance works for you and not the insurance companies, so we are constantly checking the rates with other companies to make sure we are offering you the best price. Some of the companies that we represent are Allied, EMC, IMT, Progressive, Met Life, Auto Owners, Safeco, and State Auto. Please call us for a free, no obligation quote at 981-4614.

Information provided by Mike Lane, Lane Insurance Agency, Inc., 1225 Sunset Drive, (800) 244-4608.





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