Simply Explaining Insurance

My agency gets asked these questions often. “How are my things covered when I am moving”? Or, “Are my things covered in Storage?” If you have a homeowners policy in place, the simple answer is “yes.” There is situation where your belongings may only covered up to 10% of what your homeowners policy says. It […] The post Simply Explaining Insuance #76- Movin...

The agreement you have with an insurance company to insure your autos or home is a two sided mutually agreed upon situation. If either side wants to bow out, they have the right to do so. We see this more often on the consumer side when a client chooses to change companies. It can be […] The post Simply Explaining Insurance #75- Nonrenewals appeared first on Dietz Agency . The post Simply Ex...

Deductibles are a part of just about every type of insurance policy. It is what you will pay in the event of a claim and the higher your deductible, the lower your premium. I think it’s smart to look at your options and run the numbers. In some cases, raising a deductible on your auto […] The post Simply Explaining Insurance #74- Deductibles appeared first on Dietz Agency . The post Si...

The insurance industry pours billions of dollars a year into advertising and their ads are unavoidable. The issue I have with these ads, is while they are undeniably entertaining, they have no caloric value. While they are entertaining, I think they are a little misleading. Companies saying it’s easy to get a quote and a […] The post Simply Explaining Insurance #73- Insurance Commercia...

The individual health insurance space is a confusing landscape to navigate.  It’s important to consult a licensed professional when discussing options and plans.  On this podcast I talk about a health plan that is available that many are unaware of.  Short term health insurance. These plans offer really nice coverage at an affordable price.  They […] The post Simply Explaining Insuranc...

Tis the season for health insurance and I have had a number of very good conversations with clients.  When most people think of health insurance, they think of three things: How much does it cost? What is the deductible? What are the co pays? These are good questions to ask, but there is one part […] The post Simply Explaining Insurance #71- Out of Pocket Max appeared first on Dietz Agency ....

If your tree falls on your neighbors house and no one hears it, is it covered? I jest a little, but this question gets asked regularly in my agency.  I did some research with a claims supervisor and found out that trees falling on houses, are considered an act of god.   Acts of god are […] The post Simply Explaining Insurance #70- Trees falling on houses appeared first on Dietz Agency . The...

If your garage door closed on your car and smashes the rear window of your car is this covered as a  Homeowners Claim? Comprehensive claim on the auto policy? Collision claim on the auto policy? Ill bet you’re wrong.  Find the answer in the podcast or audio embedded in the blog below. Links: My Website […] The post Simply Explaining Insurance #69- Comprehensive vs. collision appeared f...

In this episode I talk about the repercussions of filing an auto insurance claim. I have had a few instances in my career where a client had filed a claim, or had one filed against them and they wanted it withdrawn. This is the rub of my business. Everyone is paying for a product they […] The post Simply Explaining Insurance #68- Withdrawing Claims appeared first on Dietz Agency . The post S...

Cyber crime has become yet another thing for business owners to worry about.  Good news is there is a product called cyberliability to ease some of that worry.  Business owners can add this to some existing policies, or purchase a stand alone policy that will protect them from such acts. If your company stores sensitive […] The post Simply Explaining Insurance #67- Cyberliability appeared fi...

This episode is for those who are buying a home.  Purchasing a house is a lot of work and there are a mountain of hoops to jump through and tons forms to fill out.  One of the most important forms is the property disclosure form. A question on that form, is “Have you filed any […] The post Simply Explaining Insurance #66- Clue Reports appeared first on Dietz Agency . The post Simply Ex...

Bike vs. car.  You read that right.  Not car vs. bike.  I recently had a claim filed where the cyclist hit the car (no serious injuries thank God), and not only that, the cyclist was TICKETED for failure to yield. The cyclist did have some minor injuries.  The car was damaged and the person driving […] The post Simply Explaining Insurance #65 Bike v. Car appeared first on Dietz Agency . The...

I had a conversation with a client that wasn’t pleasant due to a denied claim.  This is a battle that I will continue to fight and it is one of the main reasons I write on this blog and record podcasts and videos.  My industry does a terrible job of educating our clients on how […] The post Simply Explaining Insurance #64- Dryrot appeared first on Dietz Agency . The post Simply Explain...

I get calls in my office once in awhile from clients who want to know how their pricing on auto insurance is determined.  This simple question does not have an easy answer.  There are dozens and dozens and dozens of factors that are taken into place to price a policy. You know many of them.  […] The post Simply Explaining Insurance #63 Auto Insurance Pricing appeared first on Dietz Agency ....

I have been an agent since 2004 and every week, I get to learn something new.  I continually get questions I haven’t heard before.  The latest question I had to answer from a client, was “If my dog brings in a skunk and the skunk sprays inside the house, is there any coverage for that?” […] The post Simply Explaining Insurance #62- What if your dog brings a skunk into your...

Many of your insurance policies have two lines of coverage called “medical” and “liability”.  The coverage offered inside of these are similar, but they are triggered in different ways. In this podcast I discuss the difference between the two.  With medical, generally, fault does not come into play.  With liability someone has to be liable. […] The post Simply Explain...

One thing insurance companies care greatly about is who was at fault or who is liable.  This comes into play in almost all types of claims, especially auto insurance claims.    This podcast helps explains how fault is determined.  I also discuss what steps you should take if you are in an accident on a […] The post Simply Explaining Insurance #60- Who’s at Fault? appeared first on Diet...

If you run a business, lease space and did a buildout, there is a specific way to make sure that buildout is covered.  It all comes down to how it is dictated in the lease. If you did a buildout, who owns the buildout?  It depends.  The lease SHOULD tell you if the buildout is […] The post Simply Explaining Insurance # 59- Tenants Improvements and Betterments appeared first on Dietz Agency ....

I have had clients call me and ask if there is coverage on their homeowner policy if the water line going INTO their house springs a leak.  Unfortunatly, the answer is almost always no.  Your homeowners policy will cover damage done by water, from a sudden and unexpected release of water from a closed water […] The post Simply Explaining Insurance #58 – Water Main Break appeared first...

.I have had some uncomfortable conversations with some clients regarding their life insurance.  It has come from clients I have absorbed over time from other agencies. These clients weren’t counseled properly on how to fund their permanent life insurance policy. Permanent life policies are a different animal and they require a small amount of constant […] The post Simply Explaining Ins...

If you own a camper or a trailer, it’s important to make sure you have it covered properly.  There are a few ways you can do this.  With my company, you can add it directly to an auto on your auto policy and add comprehensive or collision coverage to the camper or trailer.  OR if […] The post Simply Explaining Insurance #56- Campers and Trailers appeared first on Dietz Agency . The pos...

When you purchase a new homeowners insurance policy, it is common for the insurance company to come out and take a lap around the outside of your house and inspect it.  Why do they do this?  To see if there are any existing issues that might lead to future claims.  If they see certain things, […] The post Simply Explaining Insurance #55- Home Inspections appeared first on Dietz Agency . The...

Should you carry a commercial auto insurance policy?  This is a question you should ask yourself if you are self employed, or if you own a business. A regular personal lines auto policy is there for an average daily use vehicle.  It is for people who commute to and from work, run errands, take the […] The post Simply Explaining Insurance #54- Commercial auto insurance? appeared first on Diet...

This is an area where business owners have some confusion.  How to handle workers compensation when you hire a 1099 subcontractor.  There has to be workers comp in force whenever you are exchanging money for labor. Employers can hire workers as an employee, or as a subcontractor. I would encourage you to consult an accountant […] The post Simply Explaining Insurance #53- Workers comp and sub...

Slow leaks in a home are the worst.  They generally not covered on most homeowners policies.  Water is covered from when the loss is “sudden and unexpected” like a burst pipe.  Things that are generally not covered are wear and tear and neglect. As houses age, things break down.  It is the obligation of the […] The post Simply Explaining Insurance #52- Slow Leaks appeared first o...