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!

Impact Of A Disability Tool

Impact Of A Disability Tool

Impact-of-a-Disability-tool-2

If you haven’t thought about being disabled, perhaps you should. This is just a few simple questions to guide you along the way. When you want a little more information, call to set an appointment with one of our planners, or attend a workshop, or both!

 

2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?
1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.

 

Life Goals and Needs Planning Tool

Life Goals and Needs Planning Tool

This should give you a great idea where you are and where you need to be. Check it out, but it’s only the start. Let us help you get the safely. Make an appointment with one of our planners, or attend a workshop, or both!

2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?

 

Social Security Planning Tool

Social Security Planning Tool

Social Security Planning Tool

It may seem like a no brainer, but it isn’t. There are a lot of things to consider that can make a big difference to your long term finances. If you make a mistake, you have 12 months to “fix it”, but after that, you’re stuck with it for life. I think getting it right the first time is important.

 

1st Monday: Retirement and Social Security Planning - Click for more information

 [ Retirement & Social Security Planning ]

Retirement should be Secure so you can Socialize.

  • When: First Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • How much do I really need to save for retirement?
    • When should you start to collect Social Security and how should you file?
    • Over 90% of Americans do NOT maximize their Social Security benefits.
    • You really could live to be 100, but will it kill you financially?
    • What about taxes on Social Security? Earning limits?
    • It’s a puzzle, but when it all comes together, it can be beautiful.
3rd Monday: Medicare, Med-Supp Planning - Click for more information

[ Medicare, Medicare Supplements, Prescription Drug Plans and Alphabet Soup ]

  • When: Third Monday of every month, 5:30 - 6:30 PM
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • You have Medicare parts A, B, C & D
    • Then you have Med Supp Plans A, B, C, D, F, K, L, M, N
    • Of course there’s prescription drug plans
    • And Medicare Select Plans
    • And despite all that confusion, we can make your decision relatively easy.
2nd Monday: Life Financial Roadtrip Planning - Click for more information

[ Life Financial Road Trip Planning ]

Dreams → Goals → Reality.

  • When: Second Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Some topics we will discuss:
      • Your Financial Goals
      • Life Insurance
      • Your Retirement Goals
    • It’s time to get organized! - Waiting is the most common reason for failing.
    • Think of life a little like planning a great road trip
      • Where are you now?
      • Where do you want to end up at?
      • What stops do you want to make along the way?
    • You know you’ll get lost, so be ready.  
4th Monday: Estate Planning & Long Term Care - Click for more information

[ Estate Planning ]

You can't take it with you,  but don't have to give it to Uncle Sam either!

  • When: Fourth Monday of every month, 5:30 - 6:30 PM 
  • Where: The Banquet Room at Preferred Insurance Center, 809 W Main St, Coldwater, OH 45828
  • What: There's a lot to think about.
    • Great, you have a Will. If that is all you have this is what will happen when you die
      • It will take about 14 months to settle your estate (Ohio average)
      • Your Probate cost will be from 3% - 8% of your estate (Ohio average approx. 5%)
      • Everything you own becomes public information.
    • A little planning can get your estate settled in under a month, at little or no cost, and completely private!
    • So which plan do you think your heirs would prefer?

 

Dan Muhlenkamp Achieves NSSA Advisors Certificate

Dan Muhlenkamp Achieves NSSA Advisors Certificate

Dan Muhlenkamp has achieved National Social Security Advisors certificate from the National Social Security Association LLC in Cincinnati.

The NSSA certificate promotes advanced Social Security education providing Muhlenkamp with the knowledge to counsel clients on the best way to claim Social Security benefits in order to optimize lifetime Social Security income.

Dan Muhlenkamp specializes in Senior Planning, Business Planning and Estate Planning. The NSSA certificate program prepares professional advisors for the myriad of questions that their clients are asking. Also, with this training, advisors can guide their clients through the many Social Security options that are available. NSSA advisors are uniquely qualified to help the growing numbers of baby boomers. The program is the gold standard in Social Security certification and training in the nation.

The National Social Security Advisors certificate program was created by CPA, Marc Kiner and Jim Blair, a 35 year veteran of the Social Security Association. With 10,000 Baby Boomers turning 65 each day in the U.S., Kiner and Blair, believe that advisors must be educated regarding Social Security. There are 76 million Baby Boomers nationwide. Boomers are folks born between 1946 and 1964.

“For more and more people, Social Security is going to provide an important part of their retirement income,” said Blair. “NSSA advisors are passionate about helping retirees optimize their benefits over the rest of their lives.”

For more information call Dan Muhlenkamp at 419-678-2326.

For more information about the NSSA certificate program, go to www.nationalsocialsecurityassociation.com

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.

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

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

Is your credit score affected by insurance inquiries? | Ohio Insurance

Is your credit score affected by insurance inquiries? | Ohio Insurance

car 3 image, Ohio Auto InsuranceYou’re on the phone with your new Ohio insurance agent, and hoping that you can save some serious cash, when it happens… they check your credit score! Great. Now your credit score has taken a hit because you were looking to get better coverage and to save some money. Why should you be penalized every time someone takes a look at your credit score?

Well, as awful as that all sounds, having your credit score looked at by an Ohio insurance agency is actually not as bad as you might think, and that’s because the insurance carrier only requires a “soft” inquiry. While a hard inquiry can make a small dent in your credit score, a soft inquiry does absolutely nothing. So if you came here to find out if your credit score is affected by an insurance inquiry, then the answer is no!

If you’d like a more detailed answer to this question, please feel free to check out this great video that we put together!

Get an Ohio Auto Insurance Quote from the people that are making a difference right now!