Not About Insurance - Real Estate

A brief recommendation. I've known Adrian Cluff for several years now. He's an extremely knowledgeable real estate professional, working primarily in the eastern part of the valley. If you're trying to sell, would like to buy, or are just wondering what the current value of your property is, Adrian's a good person to call.

Go to his website at http:www.adriancluff.com, or if you don't want to type that all in, click here.http://www.adriancluff.com. When you get there, you'll see a picture that looks a lot like the one in this post. He's also very informed about investment opportunities. Telling him I sent you won't do you any good, but it won't hurt you either.

Don't Under OR Over-Insure

We previously wrote about the problem with under-insuring yourself, specifically the risk that your assets could be lost if you have too little liability insurance on your car policy.

But there's another danger.

Your insurance agent could be trying to make you pay too much.

I'm not talking about your current insurance costing more than it might if you called me (which could also be true, but that's a different subject). If you're an individual who's renting an apartment, and you're in a minimum-wage job (good luck affording your apartment, if that's the case - but we digress), to have a policy which could pay $100 thousand per person injured and up to $300 thousand for each incident is going to cost you too much, relative to your income.


The truth is I'd agree that the above coverage is a minimum everyone should have, because if you're in an accident and other people are hurt, it COULD cost that much.

But as you know, if money's tight, you might have to take a gamble that nothing bad will happen. If you have a good agent, (s)he can talk to you about starting with a smaller amount of liability coverage, and then increasing  a little bit at a time, as time goes by. Yes, the increases in coverage will cost you more, but you'll be making the increases gradually, as your earnings increase.

If you haven't met with your agent to discuss this kind of question, you have (I'm sorry) the wrong agent. If you'd like to discuss your levels of coverage and how much it should cost you, call me. I'm a Farmers agent and can meet you at or near your home, or at my office.

Call me at 602-466-2636 (Office) or 480-628-9786 (Cell). Thanks.

It's Not A Commercial, But It's About Commercial

Commercial Insurance refers (at the risk of being obvious) to insurance for businesses. Generally, there are two kinds of commercial insurance: liability, and workers' compensation.

If you own or manage a business, you clearly need these coverages (the workers' compensation only if you employ 1 or more people).

The bad news in commercial insurance is that your premium may be going up. If you're insured by SCF (formerly State Compensation Fund), this is specifically the case. That's because the company, originally owned by the State of Arizona (and in each state where SCF has been, the state has usually owned the company)is being "privatized." In other words, it's no longer going to be state-owned and has to start earning a profit to succeed.

In order to do that, they're raising premiums.

The good news is that other companies are trying to acquire market share at SCF's expense. And if you're due to renew your workers' compensation insurance, you should let us quote you on both workers' comp and your liability coverage.

If you're not about to approach renewal time, you don't want to switch workers' comp coverage, since - even assuming that Farmers or another company could save you a fortune - in the long run it could be more costly to switch.

BUT you can switch your liability coverage any time.

So give me a call, let us take some info to run a quote, and if we can save you money, that would be worth it, right? Right. If we can't we won't bother you further.

OK, maybe we told a little white one. It's about commercial, but maybe it was a little bit of a commercial, too. Hopefully, you also found it informative and useful. You can reach us at 602-466-2636 (Office); and, 480-628-9786 (Cell)