Charlie's Blog | Spencer Insurance Agency, Inc

A few thoughts. . .

  

 

 

I apologize if I am repeating myself but we seem to be the last to know some important changes in our client’s lives.  Many of life’s events have a huge impact on your insurance. I spoke to a friend recently whose son needed to use an Uber driver frequently.  The Uber driver suggested he call him directly and not use the Uber app and he would give him a discount.   Sounds good at first but it is a nightmare for you.  If the Uber driver does not use the Uber App when picking you up then the driver has no insurance coverage for his car. Uber won’t cover him in this case and the personal auto policy has an exclusion for this activity.  Scary, but as I said we are always the last to know important information.

Please contact us and discuss your situation if any of the following life changing events.

  • You are getting married
  • You are getting separated or divorced
  • Having a baby
  • Sending a child to live at college
  • You are putting your house in your children’s name
  • You are putting your house in a trust
  • You are downsizing and preparing for retirement
  • You have unrelated adults living in your home
  • You or your child uses your car for food delivery and/or for Uber or Lyft

Our insurance companies have ways to accommodate most situations but not all.  Contact us to discuss your personal situation. Better to contact us before you do any of these life events so we can discuss how to adjust your insurance coverage so you are properly protected.

Great Golf Outing and a Great Cause

 

Come join us for the 9th Annual Cathy Garry Memorial Golf Tournament sponsored by the Cathy’s Kids Foundation.

When: Monday August 6, 2018 – Early Registration ends July 13th.

Where:  Center Square Golf Club

Go here to register.

This golf outing is a lot of fun and all the proceeds go to helping a family dealing with cancer to go to Disney.

The Mission Statement: “The mission of the Cathy’s Kids Foundation is to provide comfort
and joy to children currently suffering from the effects of cancer. We strongly embrace the idea that HOPE is the best weapon to fight cancer. Our annual Cathy Garry Memorial Golf Tournament raises funds in Cathy’s memory. All proceeds raised will help to send a child and his/her family to Walt Disney World. Please help us bring HOPE to a family in need.

All those who have met our mother Cathy know what a caring and compassionate individual that she was. Despite three different bouts with cancer, she never complained about her own situation or health. Her focus in life was always the well-being of others. We ask that you help our foundation keep her caring and compassionate spirit alive. She would be touched to know that children were being helped in her name.”

So get a foursome together and have a great time supporting a wonderful charity.

Congratulations to our winners and our 4th of July hours

Congratulations to our recent Big Spin winners.  Dave Schweizer won a $50 Gift card and Jo Cornely won a iPad Mini.  Find out here how you could be our next winner.

 

All of us at Spencer Insurance Agency wish you and your families an enjoyable and safe 4th of July Celebration!

Please observe a moment of silence for all those who have fought to make our freedom possible.  Have a safe and enjoyable 4th of July!

Our office will be closing at 3:00 PM on Tuesday  July 3rd and reopen Thursday July 5th.

Summer is here. . .

    

Are you a shore on Pocono’s family?

I prefer the shore in the fall when it is less crowded.  My family’s vacation spot has been on the lakes of New Hampshire and Maine.  What a great area to vacation.

I wanted to give you a heads up as we approach the summer season and all the fun that goes with it.  My job is to make sure you can do the things you love to do because you have the right coverage if something goes wrong.  Here are a few things to consider:

  • Make sure when you rent a car that your personal car insurance policy will cover that rental car. Many ask us “Should we buy the waiver?”  Check out our FAQs.
  • If you own a boat or jet ski/personal watercraft, do you have liability insurance? If you rent a boat or jet ski/personal watercraft you probably have no coverage. Check out my article “Are your “Summer Toys” properly insured?”
  • Have a teen driver. Check this out!

For many of us the summer is a little less hectic.  This is a great time to stop and review your finances and insurance.  When was the last time you had a life insurance review?  Contact us today for a review.

I hope you all have an enjoyable summer.

Put your vacation pictures on our Facebook page

Life events have an impact on your insurance coverage.

    

Many life events can have a dramatic effect on your insurance coverage.  That is why Spencer Insurance Agency has a section to cover this on our website.

Let me highlight a few:

  • Separation/Divorce – Should one of the spouses move into an apartment, that spouse is no longer a resident of the previous household. That could have an impact on your homeowner’s and auto coverage if you are not a named insured on the policies.  Your contents at the house or new apartment may not be covered and if you rent a car you may not have coverage for the rental car you rent when on vacation.
  • Changing the deed of the house to a trust – You should let us know so we can update the named insured and possible additional insureds to be sure all parties to the trust have the proper coverage.
  • Putting the deed to the house in the name of children – You may decide to do this for estate purposes. Just make sure you let us know as we need to make sure the children and parents have the proper coverage.  Many times the parents will have a life tenancy agreement allowing the parents to live in the house for their lifetime even though the ownership of the house is in the name of the children.
  • Unrelated person in the household – Do you have someone living in your home that is not related to you? If so, there may be no coverage for that person on your homeowner’s policy. Check with us to make sure you have the proper coverage for this unrelated resident.

Insurance companies have ways to accommodate most situations. Did you realize if you are living with a significant other that you may be able to combine auto policies and receive a discount for having multiple cars on the policy?  You may even be able to have a renter’s policy covering both of you which would give you a multiple policy discount. Times have changed and Spencer Insurance wants to make sure your policies keep up with the changes in your life. Contact us to review your policy.

Happy Mother’s Day!

All of us at Spencer Insurance Agency want to wish all the moms out there a Happy Mother’s Day.

We hope you enjoy your special day this Sunday.  If you aren’t a mom we hope you were blessed with a good one and will remember her Sunday.

Since my Mom’s passing a couple years ago I remember her on mother’s day and the wonderful influence she had on our family.  We still feel the love

Happy Mother’s Day  from your Friends at Spencer Insurance Agency, Inc.,

Congratulations to our “Big Spin” winners!!

Our January winner was Silvia and Mike Silverman. Mike and Silvia won a $50 Gift Card.

 

 

Our February winner was Bob McKain.  Bob won $100 in cash

 

 

And, our March winner was Linda Boggs.  Linda won $100 in cash.

 

Want to find out how you can be our next winner in the Spencer Rewards Program?

 

You could win an iPad mini, $100 in cash or a $50 gift card.  Check out our Rewards Program.

The words I hate to hear. . .

I didn’t know you sold life insurance. Those are words I hate to hear.

Okay, now you know! Spencer Insurance sells life, disability and long term care insurance too.  My specialty at the agency is in these coverages.  I started my insurance career with John Hancock in the late 80s before joining my Dad’s agency.

I have been selling life insurance for over 30 years.  How many life insurance agents can say that? Most of the people I meet do not even know if their life insurance agent is still in business.  They have not heard from the agent since the policy was purchased. As a father, grandfather and small business owner I understand the needs of parents and small business owners to protect their families and businesses in the event of a death or disability.

Another issue I run into often is that clients rely too much on group life and disability policies. These policies are very helpful and important, however you need us to review the group policies to make sure they provide the coverage you think they provide.  Check out my article “Is my employer paid Long Term Disability Plan enough? When is 60% only 30%.”

You can also check out our life insurance “Frequently Asked Questions.”

Contact us for a review so we can discuss:

  • Do you have the right amount of life and disability insurance? You may have too much or too little.
  • How does a business owner protect their small business from the death of an owner or key employee?
  • What is your small business worth? We have a program that will give you the answer!
  • How much will my spouse receive when my business is sold? (Probably less than 50% of its value if you do no planning.)
  • Can my children and spouse stay in our home if I die? Can the children still go to college?
  • How to use life insurance proceeds while living to pay for long term care expenses.

If you don’t have life insurance what are you waiting for?  Contact us now!  If you do have life insurance call us to review the policy and make sure it is still providing the coverage you need and that the coverage is not running out soon. (We see a lot of people who purchased a 20 year term years ago and don’t realize the premium guarantee is running out.

Whether you just need a $15,000 final expense policy or $1,000,000 in term we can help.

Rely on my 30 years of experience.  Contact us today so you can check it off your “to do” list.

            

You may have noticed your car insurance rates increasing.

 

You may have noticed your auto rates increasing.  Why are my rates going up you may ask?  I have had no accidents.  We have noticed too.

Spencer Insurance Agency wants you to know we keep an eye on industry trends to make sure our clients are getting the coverage they need at a competitive price.  We are proactive in checking to make sure you are getting all discounts and make sure the company you have is competitive.

As independent agents Spencer Insurance represents several top rated insurance companies and can choose the company that offers you the coverage you need at a competitive price.  We understand that price is important but that the “True Cost of Insurance” can be much higher if not properly covered.

So why are car insurance rates rising.  There are several factors.  Here are a few:

  • According to Strategy & PricewaterhouseCoopers, 2016 Auto Industry Trends, people are buying more cars. In 2015, Americans bought a record 17.5 million new vehicles.
  • People are driving more. Due to lower gas prices and higher employment, 2015 saw the highest increase in driving in 25 years according to U.S. Department of Transportation.
  • Repair Costs are rising. Newer car repairs include costly electronics – like cameras, sensors and other safety devices.
  • Injury costs are rising due to medical inflation
  • According to the National Safety Council, Insurance Information Institute traffic fatalities are reaching record levels. 2015 brought the largest single – year increase in driving – related deaths since 1966. Worse yet, we’re on track for a two – year increase of 18 %.
  • Distracted Driving is increasing! According to the National Highway Traffic Safety Administration, fewer people are talking while driving, but more are texting and surfing the web.

We all know it is crazy out on the roads these days.  How many times have you been at a red light when it turns to green and the car in front of you does not move because the person driving is texting?

We ask that you be careful about switching just due to price.  Check out our article “True Cost of Insurance” before you switch and contact us to compare the quote you received with your actual coverage. Yes, sad to say some agents will quote lower limits to get your business. You may not realize it until you have a claim when it is too late. Here are some additional reasons why you may not want to switch carriers even if you save some money:

  • You may have a disappearing deductible or deductible credit which you will lose.
  • You may have accident forgiveness on your current policy.
  • Because rates are changing for all our carriers you may find the company you switch to costs more come next renewal. You then lose loyalty credits.
  • Does the company you choose have the same level of claim service you have come to expect?
  • Are you talking to the same people when you call your insurance agent or do you just get the next person available to take your call?

Spencer Insurance has a licensed and highly experienced team. You know when you call that you will be talking to Joan, Beth, Denise, Steve or me.  If you have any questions please contact us!  We are here for you!

Please drive safely and pull over to use your phone to make a call, text or check the GPS.

Are you ready for Spring. . .

Spring Cleaning?

What a crazy winter.  Extreme cold in December and January followed by a mild February and then a series of Nor’easters bringing March snow.  Anybody ready for Spring?

Spencer Insurance is ready with our Spring Section of our website with tips to help reduce problems and claims later.

Check out the topics that interest you.  As always, we are only a phone call away.  Contact us to discuss your Wedding, boat and motorcycle insurance needs.

Enjoy Spring!

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