27 S Kirkman Rd Orlando, FL 32811 p: (407) 290-6262 f: (407) 290-6201 e: info@allsafeins.com w: www.allsafeins.com

Sping 2010  

Are You Paying Too Much for Your Home Insurance?

Home owners insurance is a delicate balance between coverage and cost. Ways to Find Hidden Savings: 

Increase Your Deductible - The premium cost of your policy is lower with a deductible than without. Check your home owner insurance rate to see if they offer a higher-than-minimum deductible on your coverage. We recommend a deductible of at least $500. If you can afford to raise your deductible to $1,000, you may save as much as 25%. But remember, when filing a claim, you must pay that amount first and your insurance covers the remainder.

Improve Your Home Security - You can usually get discounts of at least 5% for a smoke detector, burglar alarm or dead bolt locks. Most of our companies offer to cut your premium by as much as 15% or 20% if you install a sophisticated sprinkler system and a fire and burglar alarm that rings at the police, fire or other monitoring stations. Please notify us if you add one of these systems to get your discount. 

Updates On Your Home Can Save You $$$ On Insurance - If you own an older home, consider modernizing your heating, plumbing and electrical systems to reduce the risk of fire and water damage. The age of your roof can also affect your premium. 

Don't Confuse What You Paid For Your House With Rebuilding Costs - The land under your house isn't at risk from theft, windstorm, fire and the other perils covered in your homeowner's policy, so we don't include its value in deciding how much homeowner's insurance to buy. Notify us if you make upgrades or increase the size of your home so that we can increase your coverage for the improvements.

If you currently have multiple insurance policies with different companies, you should be eligible for a multi-line discount when you consolidate your policies with one company. This is something to also consider if you’ve recently gotten married and your spouse has separate policies for auto insurance, home insurance or life insurance. 

Evaluate Actual Cash Value vs. Replacement Cost - Someone breaks into your home, stealing your stereo, television, camera and some of your other electronic toys. When you submit your claim, you find that your policy pays on the cash value of the property less depreciation. So, now when you go to the store and replace your old stereo system and TV with new ones you’ll be out some cash. This is a perfect example of when paying a bit more for replacement coverage versus the lesser cost cash value coverage may be worth it, especially if you’ve taken inventory of your belongings and realize how much it would take to replace everything you own. 

Talk to your agent - Talking to your insurance agent may result in getting discounts on your insurance without sacrificing your level of coverage.  Help Us Shop Your Insurance - A month before your renewal, you will receive a questionnaire from us. It is important you fill it out and return it to us as soon as possible. We call our renewals on a regular basis and review the questionnaire with you so that we can shop your homeowners to get you the best possible rate. It’s the smart way to ensure that the price you’re paying for your coverage is competitive and meets your current needs.

5 Tips to Protect Yourself from Credit and Identity Theft

Today's fast paced world of electronic convenience has made identity theft an ever-increasing problem. You probably know someone who this has happened to - it may have happened to you. It can be a nightmare - and an expensive and time consuming one at that. There are simple actions you can take that can help to protect your identity and your credit rating:

When you order checks, don't use your full first or middle names; use your initials with your full last name instead. Who's going to guess that "B" stands for "Barbara" or "Bertram" when attempting to forge your signature?

Instead of using your home phone number on your checks, put your work number. In addition, if you have a PO Box, use it for your address and never, ever publish your Social Security number on your checks.

Make photocopies of every piece of identification that you carry with you daily - and be sure to copy both sides. Keep the copies in a safe and handy place. If your wallet is ever stolen, all the information you'll need - auto license and registration, credit card account numbers, and customer service hot lines, will be available to you in one place.

If your credit cards are stolen, file a police report in the jurisdiction where they were stolen immediately. You'll want enough back-up proof as possible for your credit card issuers that you were diligent.

If your credit cards are stolen, call all national credit reporting organizations immediately to place a fraud alert on your name and Social Security number. The alert lets any company that checks your credit know that your information was stolen and that they are to contact you by phone to authorize any new credit. Their numbers are:

Equifax: 800-685-1111
Experian: 888-397-3742
Trans Union: 800-888-4213

In case your Social Security card or number is stolen, it may be best for you to notify the Social Security Administration at 800-269-0271, too.

While no amount of caution can be totally fool-proof, being aware of the potential identity theft possibilities and of how to protect ourselves - even if we fall victim - are simple steps to give us added defense.

Insuring Your Electronics

As the holiday shopping season is coming to a close, about 42 million American households plan to give or receive high-tech electronic products this year. Most electronic gadgets are typically covered under the standard homeowners or renters policy. However, there are some common and important exceptions that many consumers don’t understand.

Digitally downloaded data: These are not generally covered under the usual homeowners or renters policy. Consumers need to think about the value of their iTunes, downloads, and other data, as well as the time it would take to recover that material. Even in cases of fire, windstorms, and theft, when your computer is covered, downloads are not usually included. Although a few companies now offer some coverage for digital data, that coverage is limited and may not allow for full replacement or recreation.

Electrical power surges: More than half of Americans mistakenly believe that their insurance coverage would protect their electronics from an electrical power surge. However, the vast majority of renters and homeowners policies exclude sudden loss or damage to electronics from changes in artificially generated electrical current.

Deductibles: For most standard homeowners and renters policies: the usual deductible is higher than the cost of many single electronic gadgets.

Exclusions and perils: Although electronics gear is typically covered under a homeowners or renters policy, the same exclusions apply to these items. Your electronics will not be covered in cases of flood, earthquake, mudslides, and some other specific disasters or circumstances.

Business use: Homeowners and renters policies are designed for personal use. Coverage for computers and other electronic item used for business in the home is often very limited (usually $2,500 on premises and $250 for items outside of the home).

Gift cards: Holiday shoppers nervous about giving electronics that could be an insurance risk may choose gift cards instead for their friends and loved ones. They should be aware, though, that most homeowners and renters policies treat gift cards the same as cash, reimbursing just $200 in total, no matter how many cards are lost or stolen. Be sure and save all receipts and find out the store’s own policy for lost or stolen cards at the time of purchase.

Staying Informed

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Phone: (407) 290-6262  E-mail: info@AllsafeIns.com

Flood Insurance Update/Reminder

Recent flooding in the Midwest reminds us that floods can occur almost anywhere at any time. Flash floods, inland flooding and seasonal storms bring flooding to every region of the country. Just one inch of water can cause thousands of dollars in damage.

Homeowner's insurance does not cover floods. Only flood insurance financially protects your home and personal property from floods. A flood insurance policy compensates homeowners, renters and business-owners for all covered losses. The average flood insurance premium is about $500 per year. 

It doesn't matter whether your flood risk is high or low, you can buy flood insurance as long as your community participates in the NFIP. You can get flood insurance if your house has been flooded before and you can purchase coverage even if your mortgage company doesn't require it. 30% of flood insurance claims come from low-to-moderate risk areas. 

The preferred flood policy provides protection at a very low cost. See rate table below for dwelling rates that apply to low-to-moderate risk exposures. Every property owner needs flood insurance. Contact us for more information about coverage and cost.

Dwelling Rates - Homes NOT in Designated Flood Plane
1-4 FAMILY RESIDENTIAL BUILDING & CONTENTS 

COVERAGE COMBINATIONS 1,2,3

With Basement or Enclosure

Without Basement or Enclosure

Building/Contents $20,000/$8,000 $30,000/$12,000 $50,000/$20,000 $75,000/$30,000 $100,000/$40,000 $125,000/$50,000 $150,000/$60,000 $200,000/$80,000 $250,000/$100,000

Premium  
$144 
$173 
$221 
$260 
$287 
$307 
$326 
$361 
$388

Building/Contents $20,000/$8,000 $30,000/$12,000 $50,000/$20,000 $75,000/$30,000 $100,000/$40,000 $125,000/$50,000 $150,000/$60,000 $200,000/$80,000 $250,000/$100,000

Premium  
$119 
$148 
$196 
$230 
$257 
$277 
$296 
$326 
$348

We'll be happy to help!

We're ready to handle your insurance for Autos, Homes, Property and Casualty, Boats Motorcycles, and all your Umbrellas insurance needs. 

New coverage or changes to existing policies; 

Give us a call. (407) 290-6262

Home Inventory - Do You "Know Your Stuff?"

You have purchased comprehensive home or tenant insurance coverage to be reimbursed for the loss of your possessions. But what happens when you have a loss? The insurance company requires a list of items destroyed or stolen, so you must create a home inventory. The Insurance Information Institute (I.I.I.) has developed a software program, Know Your Stuff, to help. The software makes it easier than ever to enter, edit, print and store a home inventory. It stores multiple photographs of rooms and objects, and makes handling large inventory files fast, stable and secure. 

Know Your Stuff - Home Inventory Software allows you to organize your possessions room by room and has the capacity to store digital photos so you can document your possessions visually.

Both Windows and Mac OS versions are available as a free download at: www.knowyourstuff.org. The I.I.I. does not have access to any of the information about your home or possessions that you input. One note: Be sure to give someone you trust a copy of your inventory or put it in a safe deposit box - you want to be able to access it even if your computer is stolen or damaged.

 


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Allsafe Insurance and 
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to meet your every financial need.

Services Provided
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Are you getting everything you are entitled to?  If your circumstances have changed recently—a wedding, new baby, redundancy or divorce for example, you may not be aware of help that could be available to you. 

Call and make an appointment. Find out what you are entitled to. All counseling is completely confidential.

Phone: (407) 290-6262


Did You Know

Allsafe Insurance and Financial Services provides Free Notary Services to all current clients and their friends and family.

 Factors that may affect your Auto Insurance premium are: 

  • Age

  • Gender

  • Marital Status

  • Driving Record

  • Previous Insurance Coverage 

  • Credit History 

  • Geographic Location 

  • The Vehicle Type

  • Vehicle Use 

  • Theft protection devices

  • Multiple cars and drivers

 An Educated Consumer is an Empowered Consumer!

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The content of this newsletter is taken from sources that are believed to be reliable.
However, this newsletter is not intended as a substitute for legal, financial, or professional counsel.

Allsafe Insurance and Financial Services ~ 27 S Kirkman Rd, Orlando, FL 32811
phone: (407) 290-6262 fax: (407) 290-6201 email: info@allsafeins.com web: allsafeins.com
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