True costs of insurance - Spencer Insurance Agency, Inc

Did you return the Annual Review Checklist?

To quote Heraclitus “The Only Thing That is Constant is Change.”

Things change in your life every year. That is why Spencer Insurance sends an Annual Review Checklist to our clients once per year.  You should have received one in the mail recently.

Spencer Insurance Agency makes coverage recommendations based on your lifestyle. Life changes and we need to know about
these changes to make sure your insurance is up to date. Our goal is to provide you with the proper coverage at a competitive price.
We understand that price is important to you however the “True Cost of Insurance” includes the out of pocket costs you incur when you do not have the proper protection.

We suggest you complete and return the Annual Review Checklist to us at your earliest convenience. Feel free to call us to discuss the checklist.

Don’t be caught short with coverage come claim time.  Contact us now!

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.”

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.

Do you know someone who is a parent of a teen driver . . .

If you have a teen driver continue reading.  If not, forward this message to a friend or family member who is a parent of a teen driver.  You will be doing them a favor.

I remember when my four children were teen drivers. My head was spinning. I had to teach them how to drive safely and pay those high rates for car insurance.  Now that I have grandchildren I look forward to watching my children navigate through this process.

Spencer Insurance has help for parents of teen drivers.  Check out our website designed just for parents of teen drivers.

What is on the website?

  • A list of driving schools – email us if you know another good one.
  • Tips and suggestions
    • Parent – teen driving contract
    • 101 Safe Teen Driving Tips
    • 7 costly mistakes parent make
  • Links to the PA, NJ and DE motor vehicle sites to learn how to get a permit
  • A link to our “Safe Teen Driving Course”

Spencer Insurance understands this is an important and stressful time.  Let us help you navigate through this process.

Please contact us with any questions you may have.

“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.

Will you be our next winner?

 

Here are some recent winners of the Spencer Rewards Program.  We thank you for each referral you send our way.  We appreciate the trust you place in Spencer Insurance Agency.

 

 

Tim Carey won an iPad Mini, Roy Klotz won $100 in cash, Bernie Rooney was a $50 Gift Card and Felix Tuccillo won $100 in cash.  We have a drawing each month and pick the name of someone who has referred a coworker, friend or family member to us.  Check out our website for details.

I hope to see you in our office spinning the Spencer Insurance Big Wheel!

Happy Valentine’s day!

Just married truck

Did you get married or engaged on Valentine’s Day?  Do you know someone who did?  Please share this information with anyone you know who was recently engaged or married.  It is valuable information they need to know.  Thank you!

We congratulate all those who were married or got engaged on Valentine’s Day.

Spencer Insurance Agency has some tips for you as you plan your wedding or start your life as a married couple. Did you know you can insure that wedding you are planning? A wedding day is one of the most memorable days of your life. It is also a large expense. Protect your investment in this wonderful day. Check out our Wedding Insurance website.

You also need to take action on a number of items once you are engaged or married. Check out our tips on what you need to do now. Planning a honeymoon? Did you purchase Travel Insurance? Do you need to change your name? Update your social security card or drivers’ license? Did you review your life insurance? Change your beneficiaries? Read Rachel’s story to see why you should not wait to purchase your life insurance. As you plan your wedding check out our tips so you plan for these items also.

All of us at Spencer Insurance wish you the very best!

Know someone who has a teen driver?

Parents: This Doesn’t Have to be a Stressful Time in Your Life. You Can Keep Your Teen Safe, Avoid Paying High Insurance Rates, and Get Peace of Mind!

I remember when our four children were teenagers and wanted to learn to drive.  UGH!

To be honest my children preferred to be taught to drive by their mother, Tammy.  Truth is Tammy has a lot more patience.  What did Dirty Harry say?  “A man has to know his limitations.  Thank you Tammy!

Spencer Insurance wants to help you!  Did you know Spencer Insurance has a website exclusively for the Parents of Teen Drivers?  Check it out!

This website will provide you:

Let us help you as you train your teen driver to be a safe driver.  Most importantly lead by example.  If you text and use your cell phone while driving what message are you sending your teen driver?

Good luck and call us at 215-885-2200 if we can be of any assistance.

5wayssaferteen  grandkids-on-car

 

October 16th – 22nd is Teen Driver Safety Week. 

Please share this short video with your Teen Drivers.  Pass it on to a parent you know who has a teen driver.
Did you know that Spencer Insurance has a website dedicated to the “Parents of Teen Drivers?”  Check it out!  Let your friends and family know about this valuable website.

Check out our Facebook page these weeks for more tips and videos.

We hope you find this information helpful.  Spencer Insurance Agency wants to help you protect your family.

Have a great week,

https://spencerinsurance.com/3234-2/

School is back in session so please driver carefully!

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I have been walking my dog in the morning this summer.  It is great to get some exercise for me and Luna.  Now Luna whines to go out as soon as I wake up.  The mornings are getting darker as the sun rises later.  Keep this in mind this week as students go back to school.

Many high schools start early and the students are walking to the bus stop or school in the dark.  Be aware of them.  Allow yourself some extra time to get to work as there will be more congestion now that school is back in session. You may be slowed down by a school bus or students crossing the street.  Be patient.

This is also a good time for parents of teen drivers to check out our website designed just for the parents of teen drivers. Parents need to continue to train their teen drivers even after they get their license.  Make sure they understand the “rules of the house” in regards to driving your car.  Do you have a teen/parent contract?  Do they know the consequences of their actions?  Will they pay your deductible if they have an accident? Spell this out today in a teen/parent contract.  Parent’s need to educate their teen drivers on how car insurance works.

Check out our website designed for the parents of teen drivers to get more tips, links to your state’s motor vehicle department, a list of some driver’s training schools and much more.

Please be careful driving now that school is back in session.

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