877-415-8342 | 419-678-2326 service@preferredcenter.com
What’s that Umbrella Policy all about?

What’s that Umbrella Policy all about?

If you have completed an account review with one of our customer service agents, you have probably heard us ask you about umbrella policies. If this is the first time you’re hearing the term, allow me to explain. An umbrella policy is one that provides additional coverage above and beyond your auto and home liability coverage’s. Oh I’m sorry, that was all mumbo jumbo?! Of course it was! How about some of these examples of times an umbrella policy would come into play.

Donating $10 to local charity for every policy we quote!

We usually ask our clients, if they were involved in a terrible accident and people were suing them, how large of a lawsuit they would want covered. This catches some off guard or we will get the response: “I don’t have that much so they wouldn’t get a lot.” Unfortunately, judgement aren’t only based on what you have in this sue crazy society we have become. Some people don’t settle for the limits of an insurance policy.

As we all know, accidents happen. Sometimes, we have no control over them and others were do to maybe a little negligence. What if you were in an unfamiliar area and accidentally ran a stop sign and collide with another vehicle. Depending on the speed, their airbags could deploy, or God forbid, someone could be killed. You carry $100 thousand in liability coverage. Would you think that the family of the other vehicles family would settle for $100 thousand for their loss? Or would $100 thousand cover several surgeries if a passenger was terribly injured? An umbrella policy could help in this situation.

What about at home? An unfortunate example was given to us from one of our carriers. A woman with two dogs had her friend and her friend’s daughter over to the home, as she had many times before, for a visit. During that time, the daughter fell into one of the dog’s beds and the dog bit her face causing some significant damage, which then needed several surgeries. The homeowner’s policy paid to the liability limits of $300 thousand but that was not enough to cover the cost of her recovery. The homeowner was still liable and lost most of her personal assets and now is in severe debt. An umbrella policy could help here as well.

The beautiful thing about the umbrella policy is the price versus the coverage. An umbrella policy starts at $1 million in coverage for, sometimes, less than $250. That is likely less than visiting with an attorney for an hour to find out that somebody has submitted a claim against you. If we’ve ever peaked your interest about the umbrella policies, just give us a call to quote one for you!

August Insurance Agency of the Month | Rough Notes Magazine

August Insurance Agency of the Month | Rough Notes Magazine

A Purposeful Life – With Flamingos

We were honored to be recognized by Rough Notes Magazine’s as August’s insurance agency of the month. This is yet another reminder on how blessed we are to live in such a great and caring community!

As mentioned in the write up, with the help of our community, we have raised/given over $120,000 to local charities since 2012! In 2012 Preferred Insurance became a centenarian. We wanted to celebrate in a BIG WAY. We started Quotes for Causes, where we donated $10 for every policy we quoted (no obligation) to local charity. At this time those lovely pink flamingos made their debut as well! 

We are dedicated to providing excellent insurance and top notch customer service all while making a difference in our community! If you would like to help make a difference and save a bundle on your insurance, give us a call today and request a quote! 419-678-2326

Donating $10 to local charity for every policy we quote!

We are so thankful to our clients and our community for supporting our, shall I say “unique”, ideas. Without great clients and a fantastic community none of this would have been possible. THANK YOU!

If you would like a copy for yourself call or stop into the office!
Or read the online version by clicking HERE.

Why We Claim to be Preferred

Why We Claim to be Preferred

Why We Claim  to be Preferred

Andrea AbouJaoude December 14, 2016

One situation that agents and insureds alike are never excited about is when we have to submit a claim. Usually that means that something “bad” has taken place and now the insurance policy is going to come into play (up until now it was just a written contract; this is where we deliver that promise!)  It can sometimes be scary and maybe even a little upsetting. If you are going to use your insurance policy and deal with adjusters and appraisers (as you will have to do), you are not alone through this process! Let me take you through our claims process and show you why we receive 4.8 out of 5 stars on handling claims which is why we claim to be Preferred.

Our service team here at Preferred Insurance consists of myself, Kathy Riethman, and Kelly Heitkamp. We are your first contacts here and will usually be the ones you talk to regarding your claim. When one is reported to us, whomever it is reported to will be your main contact during the claim for a more personalized experience. If they aren’t available when you call, there are two others with the same knowledge who are always ready to assist you with questions and concerns regarding your claim. Now that the claim has been reported to us, it’s time to get to work.

After we have the details of the claim, we report it directly to your company using everything you’ve told us. We ask general questions up front to make sure the adjuster will have as much information available to them to speed up the process. Once an adjuster has been assigned, we send you an email containing your claim number, the adjuster’s name and contact information, and general notes about the claim (or we’ll call you with this info, if you prefer.) It also lists your Preferred agent so you know who to ask for if you call the office. This usually comes the same day as turning in the claim or within the first 24 hours. We are here to help you through this process! If at any time you have a question or a concern on your claim, or things just don’t seem to be going as as well as you think they should, please give us a call right away.

Now that you have your adjuster information, he/she will contact you to get your description of events and, if need be, an appraiser will come inspect the damages.  No matter what, you will hear from us regularly during your claim. We have processes in place to follow up with you on a regular basis so we ensure you are satisfied with the way the claim is proceeding. If at ANY time you are not, we will do all that we can to make it right. You are not alone in this process!

This is just another mechanism in our daily operations that I have seen only at Preferred Insurance Center. We understand that claims are the least exciting thing about insurance.  We do our best to make sure you are satisfied which really allows us to continue claiming to be Preferred!

Stay tuned on how to respond if you are ever involved in a claim situation.

What is MedPay Coverage on your Ohio Insurance Policies?

What is MedPay Coverage on your Ohio Insurance Policies?

There is a coverage on both Ohio Home and Auto insurance policies that might go a little unnoticed of course until it’s necessary.

That coverage is known as Medical Payments. The way that the Cincinnati Insurance Board defines the purpose of Medical Payments Coverage (on an auto policy) is: to pay for relatively small amounts (such as $2,500 or $5,000) of medical expenses, regardless of any fault on the part of an insured. It also provides payment for medical expenses on behalf of the policyholder and resident family members that may have suffered injuries stemming from an accident.

Donating $10 to local charity for every policy we quote!

On a Homeowners policy

This coverage is more of a “good faith” coverage. Medical Payments would be paid out for a situation where you may not necessarily done anything wrong or in insurance terms, negligent, but you feel responsible for your visitor’s injury. Unlike the auto medical payments, they are not payable to the homeowner as you can not be held responsible to yourself in regards to homeowners insurance. An example of this, that actually happened, was an insured’s daughter was visiting, got up in the middle of the night to use the restroom and in the process tripped over their cat and fell resulting in a trip to the hospital. The homeowner in this case did not do anything to cause the fall, but her insurance stepped in and paid $1,000 which were the limits of her medical payments coverage. Another strange situation was a man helping a friend put up a roof and shot a nail through his own foot. He was on the homeowner’s property but the homeowner did nothing wrong. The homeowner offered the coverage right away even though there were no resulting payments made, it showed his concern, or “good faith,” for the man that was injured.med-pay-coverage-ohio-insurance

As far as an auto policy

The fact that these payments can be made to yourself and anyone in or around your vehicle can come in super handy if you are involved in an accident. If you are not at fault, the other party’s insurance will not make any medical payments until you are ready to settle. This can put you in quite a bind if you find you need extensive treatment. Bills usually start coming in before the claim is closed and the fact that you would have to pay out of your pocket could be cause for a lot of stress. Unless of course you approach your insurance carrier for the med pay coverage.

Our advice

Suggested starting point for medical payments coverage is $5,000 which is usually the cost of an emergency room visit. We have also found though that this could be insufficient as we recently had a claimant go to the ER after an accident, was there for five hours and the bill came to $6,500. He is currently thinking of increasing this coverage. The good news is that when the med pay runs out, your health insurance will then kick in. This is another one of those optional coverage’s that we always suggest keeping as it is inexpensive and could make a world of difference if needed.

We would love to talk to you more about med pay coverage’s! Give us a call today, 419-678-2326. Or Click Here to request a quote online!

Yours truly,
Andrea AbouJaoude | Service Specialist

Andrea-Cropped-2

Difference in Deductible Amounts 101 – Ohio Insurance

Difference in Deductible Amounts 101 – Ohio Insurance

We are often asked here at Preferred Insurance Center about the difference in Ohio insurance deductibles and are asked how to choose. The best way to explain a deductible has been asking our insured how much of the damage they would be willing to “absorb.” When we ask this, we are asking how much you would be willing to pay out of your pocket regarding repairs.

Donating $10 to local charity for every policy we quote!

On a home insurance policy:

Our options don’t start very low. Most of our companies are not offering a deductible lower than $1000. The companies have found that they are not covering so many of the smaller claims which allows their rates to remain pretty stable. The higher the deductible, the lower your premium.  

Ohio insurance deductibles - Ohio Insurance

As for the auto policy:

There are two different deductibles to consider. The collision deductible would cover moving accidents that you cause and would repair your vehicle. These deductibles start as low as $100 and go as high for some companies to $5000. Again, the question remains of how much you would absorb. The higher the deductible, the lower the premium but that might not be practical with auto. If you are in an at-fault-accident and had to repair your vehicle but repairs only came to $500, is that something you would expect insurance to repair? If so, then a lower deductible would be a good idea. Most of our clients have deductibles around $500 as they would turn in a claim over that amount. Again, these are for at-fault-accidents. If the other party is at fault, their company would handle the repairs and your deductible would not apply.

The other deductible on an auto policy is the comprehensive or other than collision deductible. This coverage is for, surprise, anything other than collision! What are some comprehensive coverage’s you may ask? Some examples include, fire, wind, tree branches, glass claims and deer. You may have also heard some of these referred to as “acts of God.” They are considered things that you have no control over. These deductibles can start as low as $0 for some of our companies and increase again with some companies to $5000. When asked about this deductible, we usually suggest that they remain fairly low. If you have a windshield that cracked for example, a windshield for most vehicles are not more than $250-300 and having a $500 comprehensive deductible would not help in this case. On the other hand, damage from deer, fire and tree branches can cause quite significant damage where a $500 deductible wouldn’t be such a bad thing.

If there is a loan on a vehicle that you own, your bank will likely require that you carry both comprehensive and collision deductibles that are not over $1000 to satisfy the loan. We like to remind people of that when they are thinking of purchasing a new vehicle.

The choice is yours!

Ultimately, the choice is yours when it comes to deductibles but this information should help you to make an informed decision. We also bring them up during our account review as a way to decrease the premium for the renewal term. We are more than happy to assist you with deductible questions on your current home or auto policies so don’t hesitate to ask!

Yours truly,
Andrea AbouJaoude | Service Specialist

Andrea-Cropped-2

Are you covered under your roommate’s Renters Policy?

Are you covered under your roommate’s Renters Policy?

3 Things you should know about renters insurance! Ohio Insurance.

These days, young people are waiting longer to get married and in an effort to get out of mom and dad’s while still saving money, move into a house or apartment with a roommate or few people. This is a great idea, but don’t be naive and forget about all of your belongings. Here are few things you need to know about Ohio renters insurance!

Ohio renters insurance - Ohio Insurance

  1. If you are still a full-time student away at school, you and your belongings would still be covered on your parent’s homeowners policy. A percentage of their coverage would extend to you in the event of a loss. This includes living in the dorms or student housing, and off campus apartment or housing. Your roommate’s belongings would not be covered in the event of a loss. If you are no longer in school, to cover your belongings would need an Ohio renters policy.

    Donating $10 to local charity for every policy we quote!

  2. If your roommate has a renters policy and there is a covered loss, the only way your belongings would be covered is if you are related or married. If you are not related or married, the company covering the loss would deny any coverage to your belongings because you are not related.  This allows renters policy premiums to remain low and deter any conflict arising from a loss.
  3. If you plan on moving out on your own but still need to rent for a while, don’t hesitate adding a renters policy to cover you and your belongings. Moving in with a roommate or multiple people? Encourage them to do the same for all the unknowns as we’d hate to have their belongings uncovered in the event of a loss!Give us a call to learn more about renters insurance! Or Click Here to get an Ohio renters quote!Yours truly,Andrea AbouJaoude | Service Specialist

    Andrea-Cropped-2

 

6 Perks of Picking an Agency for Ohio Insurance

6 Perks of Picking an Agency for Ohio Insurance

To buy Ohio insurance online or from an insurance agency?

Is it easy to find Ohio insurance online? Absolutely. Is it easy to purchase insurance online? Most likely. With these two questions answered, why would you pick an Ohio insurance agency? We understand that insurance can be intimidating, sometimes maybe a little scary, and most of the time you probably don’t think much of your policy at all. That is of course until you need to use it. The 6 perks for picking an agency listed below are only a few of the things we have made standard at Preferred Insurance Center that all benefit you, our client.6-perks-of-insurance-agency-ohio-insurance

  1. Every year we offer what we call an Account Review. We place a phone call when your homeowners or renters policy comes up for renewal and give you the option to answer a few questions, and go over your coverage’s on your policies. Some of the questions include asking about updates or renovations made to your home and going over your auto coverage’s to understand your policy. Filling out this form gets us the most up to date information to properly shop your account for the best rates if you so choose. 

    Donating $10 to local charity for every policy we quote!

  2. Flag alerts on large rate increases. These alerts take place when ANY policy takes a larger rate increase than expected. This allows us to get in front of the renewal process giving us more time to possibly find a better company/rate for the next term. Our calls for the account review and rate increases are placed before the renewal comes in the mail to allow us to be the ones to alert you instead of hearing through the mail.
  3. Have a claim? This is usually not a “fun” experience, but we do our best to follow up regularly to make sure your questions and concerns are addressed in a timely fashion. We send an email with your adjuster’s name and contact information so it is available at your fingertips if ever needed. We do our absolute best to keep you happy during what can sometimes be an unnerving experience.
  4. Need to change a vehicle on your policy? We do our best to get you off the phone quickly to get you right back to your day. Need to pay a bill? We can assist you with that as well in a timely manner. Adding a driver? We let you know what you need to get to us so the process is finished as quickly as possible.
  5. One-call Insurance Company. Unlike calling a company which can take several minutes out of your day waiting to get a human on the phone, we are a “one-call company.” We are able to assist with auto, home, life and commercial insurance policies all at the same place making it a huge convenience for you.
  6. One call gets you quotes from 8 great companies! We do the shopping for you! We have several companies available to us which makes finding the best rates easier than it would be for you to check each company individually on your own.

If you have been using the internet to find the best rates for you, I encourage you to give Preferred Insurance Center a shot. Who knows?! We may be able to increase your coverage’s and save you money along the way!  Click Here to get a quote!

Yours truly,
Andrea AbouJaoude | Service Specialist

Andrea-Cropped-2

Do I need Sewer Backup and Drain Coverage?

Do I need Sewer Backup and Drain Coverage?

Backup of Sewer and Drain Coverage | Ohio Insurance

Picture this. You open the door to your basement and see your kids’ toys floating across the floor and everything else under six inches of water or sewage. There is never a “good time” for these instances to happen. Some of your first questions may be:  How did it get in?  How am I going to get it out?  And, do I have coverage for this?

flooded-basement-ohio-insurance

Backup of Sewer and Drain Coverage is coverage for back up through sewers or drains or overflow or discharge of a sump pump or related equipment, even if the equipment suffers a mechanical breakdown.  This coverage is not automatically included on a homeowner’s policy, but can be endorsed for a small premium.  The premium for this varies on how much coverage you want.  Coverage generally runs in increments of $5,000 and can range from $5,000 to $50,000, or more, depending on the company.  Backed up sewers and drains can do major damage to your home, causing thousands of dollars to your floors, walls, furniture, etc…  If your basement is finished or you store items in your basement you may want to consider this coverage.

Donating $10 to local charity for every policy we quote!

A few tips for protecting you and your belongings are:

  • Store valuables in waterproof bins.

  • Make sure your sump pump is reliable and in good working order.

  • Raise appliances up off the floor.

  • Invest in a generator to keep your sump pump operating through power outages.

  • Call Preferred Insurance Center to purchase water backup coverage.

If you want a quote or have any other additional questions on this coverage let us know.  We are always here to help.
6 ways to keep your home safe from burglars!

6 ways to keep your home safe from burglars!

How to protect yourself from a Theft in your Home.

Have you ever wondered how safe is your home? In an article that I read recently the burglars revealed their secrets. KGW8 news investigative team sent letters to 86 inmates currently serving time for burglary. The inmates were asked to respond anonymously to 17 questions detailing how they broke in, when the crime occurred and what they were looking for. Here is what I found most interesting!

Home Theft - Ohio Home Insurance

  • They usually enter through unlocked doors or window.  But will kick in your door rather than break the glass.
  • The first thing they grab are your electronics, jewelry and cash, by first searching the master bedrooms, then they go through the rest of the home.
  • They prefer to break in early morning or afternoon.
  • All knock on the front door before breaking in a home.
  • Some were deterred by security sign, but not all.  Big loud dogs do deter them, but not smaller dogs.
  • If a security alarm goes off they usually leave, but some would try to turn off the alarm.

    We care enough to cover you right, and we have the
    companies and resources to do it at a fantastic price.

They were mixed on security cameras and lights left on.  But a television or radio playing would be a deterrent.  Also a car in the driveway is a deterrent, unless it obviously is never driven. Importantly, you as the homeowner should have good lighting, trim bushes and trees.  Get to know your neighbors.

Protect your home the best you can and be safe.
If you would like to read the full article CLICK HERE.
Kyle Iboshi, KGW Senior Investigative Reporter. “We asked 86 burglars how they broke into homes.” 
Renters Insurance : Is it really worth it? Ohio Insurance

Renters Insurance : Is it really worth it? Ohio Insurance

There is a new trend in insurance that you might find quite surprising!

Would you guess that home ownership is at it’s lowest level in 50 years? Renters Insurance - Ohio InsuranceAccording to the U.S. Census Bureau, homeowners have decreased by 22,000 while renters have increased by nearly 1 million, JUST from 2015 to 2016! With that statistic, it should be alarming that only about 31% of renters carries renters insurance. As a renter, you might be thinking that it is your landlord’s responsibility to carry insurance and you don’t have much “stuff”. Well, they can carry insurance for the structure and their personal belongings, but they are not responsible for your belongings or liability.

We care enough to cover you right, and we have the
companies and resources to do it at a fantastic price.

In 2015, $3.6 BILLION (yes with a B) in personal property were stolen from residences. Renters insurance would cover the loss up to the personal property amount you insure.Let’s say that the area suffers a natural disaster and you need to replace EVERYTHING you own. On average, that could cost upwards of $30,000. If you had renters insurance, your personal belongings would be covered. What if somebody slips and falls in your kitchen? Renters insurance would cover their injuries up to the limits of your policy. What if you own a dog and it gets hit on the road or bites someone? As the owner of the dog, you are liable for the car repairs or injuries suffered. Renters insurance would cover the loss up to the limits of your policy. If you damage other units in your building, maybe you leave the oven on and start a fire, your renters policy could come into play for repairs to the building that you could be asked to pay for after repairs are done.

Renters policies are reasonably inexpensive because you do not have to cover the structure you live in. We also see some discounts that could be applied to an auto policy if the renters insurance is with the same company that insures your auto. With all these benefits, why wouldn’t you want to cover your “stuff”?!

Give us a call to learn more about renters insurance! 419-678-2326 Be proactive and get coverage today! Or Click Here to request a quote online!

Yours truly,
Andrea AbouJaoude | Service Specialist

Andrea-Cropped-2