homeowners insurance in Montgomery county - Spencer Insurance Agency, Inc

Want to avoid Claims . . .

Fall Auto and Home Maintenance - Abington, Glenside, Jenkintown Homeowners Insurance company Spencer Insurance

The start of fall was more like summer.  Hopefully, the crisp and cool fall days will be upon us soon.

Spencer Insurance Agency helps protects you should you have a claim.  But more importantly Spencer Insurance Agency wants to help you avoid claims.  Even with the best coverage claims are a nuisance.

With that in mind we have posted to our website our “Fall Section.”  This section provides many tips on how to prepare your home as fall and winter arrive to prevent claims. This section also has car safety tips and a list of items you should have in your car emergency kit.

So check it out now so you are ready for the winter months.  A little preparation now can go a long way in helping you to avoid future claims.  If you have any questions about your insurance coverage contact us at 215-885-2200.

Do you have a drone?

Did you get a drone for Christmas?  I imagine they are a lot of fun.

I know the first thing you did when you purchased the drone was to call your insurance agent to see if you have property or liability coverage for your drone, right?  Well, the funny thing is that I have not received one call from a client asking if their new drone is covered.  I imagine at least one of my clients owns a drone.

The big question: “Is my drone covered under my homeowner’s insurance coverage?”  And the answer is “Maybe.”  What if you crash the drone into a person and hurt them? What happens if you crash your drone into a car and cause an accident?  If your drone is used for recreational purposes only, then you may have some coverage.  It depends on the language in your policy.  Different companies have different language.  Some limit the size of the drone to under 10 pounds.  Others companies’ policies state “we do cover model airplanes not used or designed for transporting cargo or persons.”

Did you know that all drones over .55 pounds (yes, that is only half a pound) need to be registered with the FAA (the Federal Aviation Administration)?  If you operate an unregistered drone you are subject to fines.  You may also lose your liability coverage since you are operating the drone illegally. Go to the FAA website (https://www.faa.gov/uas/getting_started/) and make sure you know what is required.

The best thing to do is call us at 215-885-2200 and discuss your drone with us.

Why does my homeowner’s insurance premium increase every year?

We hear this question from clients so I thought some of you are probably not asking us this question but are thinking about it.  So let me answer the question.

There are many factors that will affect your homeowner’s insurance premium including making a claim and increases in replacement value coverage on your home. Weather related catastrophic losses also affect your rates even if you do not make a claim.   Also, each year the insurance company will increase your dwelling coverage to keep pace with inflation.  So you may see a 2%, 3%, or 5% increase depending on the cost of living increases for building materials in your area.  All of us know it will take more money to replace our home today than it did 20 years ago.

But these factors are not why homeowner’s insurance premiums can vary from carrier to carrier.  That is why I always ask our clients to send me a copy of any quotes they receive for a lower premium than they are paying now so I can make sure they are not losing any valuable coverage.

Think about the last time you bought a new car.  I just recently purchase a Toyota Camry.  I could have just gotten the base model but I wanted the hybrid.  I also wanted some safety features.  The one I really like is that my headlights turn when I am making a turn.  Pretty cool.  I also chose some other features that cost me extra money (a navigation system and Apple Car play for example).  I could have just gotten the basic model for less money and that would have been okay, but I wanted more features so I knew I would be paying more. So I paid the extra money and got the car I wanted.  Homeowner’s Insurance is very similar.

What I see when clients send me their quotes is that they are being quoted a basic homeowner’s policy.  Of course the premium is less because they no longer have the coverages we discussed that were important to them. If they want a basic homeowner’s policy I will sell them one IF that is all the coverage they want. But I will make sure they will know what coverage is now missing. Just like my Camry if you want more features you should expect to pay more.

As you know Spencer Insurance Agency represents several quality homeowner’s insurance companies. It seems that all our companies are coming out with new versions of their homeowner’s policy and/or new coverages. Should you switch?  Should you update to the new version? Should you add additional coverages that were not offered before?  One thing I know for sure is that you SHOULD talk to us about your policy.  Our agency tries our best to be as proactive as possible and reach out to our clients if we feel you should make changes. In a perfect world we would talk to all our clients about these updates but we are not perfect and this is not a perfect world.  We can’t get to everyone right away so feel free to call us at any time for a review.

Here are some new coverages being offered by our companies just recently:

  • Service line coverage – Now you can get the coverage you may be paying your water company for to replace a broken pipe from your house to the curb.
  • Mechanical Breakdown – Coverage for appliances, heating/air conditioning systems when they break down
  • Loss forgiveness/decreasing deductible
  • Hidden seepage coverage
  • Roof and siding matching in event of claim

Of course if you add some coverage you will be paying more premium.  You have to decide if it is worth the additional cost to have the coverage.  Just like my Camry I will pay more if I add more features/coverage. Price is important but remember the “True Cost of Insurance” includes the cost you pay out of pocket when you don’t have the proper coverage. If you want a basic homeowner’s insurance policy great, you can have it.  But if you want some better coverage you should expect to pay additional premium.  It is very hard from the policy pages to know all the coverages that are included or missing.  Let us help you.  If we can’t determine whether the quote you received or policy you have with have another agent has a certain coverage , we will tell you what to ask the other agent to make sure you do have that coverage.  Call us today for a review of any policy.

As the holidays decorating season approaches, some safety tips. . .

 

Candles, fires (indoors in your fireplace and outdoors in your fire pit), strands of lights and Christmas Trees can make your home look beautiful for the holiday season. Be extra careful during this time of year. Remember most home fires occur during the winter months so we want to share some safety tips.

  • If you use a live Christmas tree make sure it is properly watered. Check out this video which shows dramatically the fire danger for a dry tree and one that is properly watered.
  • FEMA Video sharing winter fire prevention tips.
  • Check out the Spencer Insurance Winter Tips for some tips for:
    • Driving in winter conditions
    • Preparing an emergency kit for car and home
    • Preparing your teen driver to drive in winter conditions
    • Taking time during the winter when you are inside more to review your finances

The severity of our winters change each year.  Even the Farmer’s Almanac can’t get it right all the time.  So take some time now to prepare so you are ready for that blizzard or ice storm.  Hope I didn’t jinx us.

Contact us with any questions or if you would like a review of your insurance.

Have a wonderful winter.

Fall is here and so are the Spencer Agency’s fall safety tips!

Fall Auto and Home Maintenance - Abington, Glenside, Jenkintown Homeowners Insurance company Spencer Insurance

 

As summer comes to a close I ask “will we get rid of this rain and humidity.”  I am looking forward to some crisp fall days and seeing the beautiful change of the color of the trees.

But it would not be fall without Spencer’s fall safety tips.   Check these tips out so you can prevent future claims. This fall section has tips on how to prepare your car and home for fall and winter.  It also has some teen driver tips for parents of teen drivers.

       

Lastly, September is Life insurance awareness month so I have some tips on how to protect your family with life insurance.  Tips on what you need to do with your life insurance if you are getting married or divorced. Rachel will tell you why you should not delay purchasing life insurance.

As always just contact us if you have any questions or concerns.  “Your protection and peace of mind is our only business.”

The Devil is in the details . . .

Teen Driver Insurance and Resources      

I am sure you have heard the saying “The devil is in the details.”  This applies to insurance as well.  When you shop around for insurance you may think you are being quoted the same coverage only to find out the reason the quote is cheaper is because you have lesser coverage. When you call the 800 number to get a quote in 5 or 15 minutes you don’t know if the person you are talking to has been on the job for a week or 7 years. They may know very little about insurance and just follow a script. They have no skin in the game if they give you poor advice or if they don’t tell you the coverage you have is not sufficient.  They may not talk to you again, ever.

That is why Spencer Insurance Agency asks our clients to call us when they get a quote from another company before they consider switching to a new company.  We are a local independent agency which means we write with more than one company and all of our staff members are licensed professionals, not just order-takers.  You can even stop in and talk to us! Our staff understands insurance and knows that details are important. You talk to the same people when you call us.

Spencer Insurance Agency is not offended when a client calls and tells us they feel their rates are too high.  We will review your policies and see if there is anything we can do to bring the price down that will not put you at a greater risk because you have less coverage. We have several quality carriers not just one.

Recently, a client notified us they switched to another company to get a much better rate.  When the client sent us the new policies for us to review they were shocked to find how much coverage they lost.  They had a 2% wind deductible which means if there was a  thunder storm with strong winds and their house sustained wind damage (tree blown onto house, shingles blown off roof, etc.) that they had a $8,000 deductible. The policy our client had with our carrier was a $1,000 deductible regardless of the cause of the covered loss.  They also did not have any water backup coverage and other coverage was missing as well.  When they called the new company to inquire about the missing coverage they could not get through to anyone that could help them and became very frustrated by the service. Yes, they got a better price but the coverage and service they received was very poor.  They cancelled those policies and came back to Spencer Insurance.

We understand that price is important but please call us before you switch so we can help evaluate the offer you received before you switch.  A savings of $500 could end up costing you $20,000 when you have a claim.

Call us today at 215-885-2200 for a review.

Did you know the winter holiday season is the peak season for home fires?

      

Enjoy the Holidays and protect your home from accidental fires.  With all the decorating that goes on around our homes this holiday season we need to make sure we protect our homes from accidents and fires.

This video discusses some of the dangers that lurk this holiday season.

In addition, check out our winter safety tips.

At Spencer Insurance Agency, Your protection and peace of mind is our only business!

Contact us today for more information.

We hope you have a wonderful holiday season.

 

                    

Voted Best Insurance Agency of Montgomery County THREE YEARS IN A ROW!

Happy Labor Day! Are you looking forward to the first day of school? Send us your pictures!

Happy Labor Day!  I hope you enjoy the weekend!

Labor Day means it is time to go back to school.  Many of us remember or are experiencing our child’s first day of school.  Excitement, Anxiousness, happiness, sadness are just a few things parents experience not to mention the kids.  I think many times the first day of school is harder on the parents.

 

This is a picture of my oldest and youngest on one of their first days of school.  Send us your pictures of your child’s first day at school.  Send us the old and the new!  Love to see the older pictures too.  Post them on our Facebook page or email them to us.  We would love to share them in our next newsletter.

Be careful driving as the school zones will be active again.  Also, remind your teen drivers to be careful. Don’t forget we have a website for the parents of teen drivers.

Good luck this school year.  Don’t forget to send us the pictures.

 

 

P.S. Spencer insurance will close at 3PM on Friday September 1st and reopen Tuesday September 5th.

Separating or recently divorced? Check in with us!

 

If you or someone you know is recently separated or divorced you should check in with us. The sooner the better.

We recently had a client in Glenside that had car insurance on a policy with her husband.  They were recently separated and the wife moved into an apartment. What she did not understand is this would have huge impact on her car insurance and homeowner’s insurance.

Privacy laws sometimes make it difficult for us to talk to her about her husband.  However, we could quote and issue a car insurance policy on just her car.  We also suggested a renter’s insurance policy for her since she moved out of the home.  The husband would continue with the current policy so his car would also have coverage.

You also need to think about your life insurance policy.  Who should be the beneficiary?  If you have children then it is important to make sure there is a change to the beneficiary to reflect the separation or divorce. You should also discuss with the divorce lawyer your life insurance policies as you want to make sure they continue for the benefit of the children.

It is important to make sure the divorce attorney helps you in these areas but you may need to see a lawyer specializing in estate law.  You will need to update your will, power of attorney and living will.  If you need a referral to an estate attorney contact us.

There are many things related to insurance that you need to consider when getting a separation or divorce.  For more details check out our website article “Getting a divorce or separation.”

As always we are available to review your auto, home and life insurance policies.  We are professionals and our goal is to make sure both spouses have the proper protection in the event of a divorce or separation.  We do not take sides, we just assist both of you.

Spring Tips

Although the Spring weather has been with us on and off all winter, the calendar turns to Spring.  As we move our clocks forward in March the days are getting longer.  The flowers will be popping up and the green returning to the trees. What a great time of year! A new beginning for all of us.  Now that Spring is here check out Spencer Insurance Agency’s Spring Tips on our website.

Some of the topics include:

 

    Tips if you are getting married this year

 

 

 

 

Many of these tips will help make sure your home and “toys” are ready and safe for the summer.  Hopefully this will help reduce any claims and out of pocket deductibles. Contact us today to set up a review of your insurance. We will be glad to meet with you.  Have a wonderful Spring.

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