Young Drivers

Young Drivers DID YOU KNOW...

Young drivers, particularly young male drivers are involved in more accidents then any other individual. The insurance premiums on auto insurance policies reflect those statistics.

To help offset and reduce your auto insurance premiums is to enroll your new young driver in driver training courses, a student with good grades also receive discounts with some insurers. The cost of the driver training is easily returned in auto insurance savings.

When your son/daughter is about to obtain their license, shop your auto policy, some insurance companies rates are more competitive for the youthful operator.

Underinsured Homes

Under Insured Homes DID YOU KNOW....

If you have not reviewed your homeowners policy in the last 5 years you are most likely under insured. Construction costs and construction materials have increased along with the real estate market.
The amount to rebuild your home today is significantly higher then it was 5 years ago. The worst time to find this out is "at the time of a claim." Contact your insurance agent and request a "replacement cost estimate", this will provide you what the correct amount is to insure your home. There is also information available on the web. Don't wait until its too late!

Floods in Pennsylvania

Did you know that Pennsylvania has one of the highest rates of floods?

It indeed does, despite the fact that PA is not a coastal state. More flooding occurs in PA then most any other state. The bad news is most Pennsylvanians don't consider purchasing flood insurance because its not on the coast. The good news flood insurance in Pennsylvania is inexpensive for most homeowners. Next time your homeowners renewal is due, ask your agent what flood insurance would cost to insure your home. A property listed in an "X" zone will cost you $388 annually for $250,000 dwelling coverage and $100,000 contents.

Remember, your homeowners insurance policy does not cover floods.

Homeowners Insurance

The marketplace for homeowners insurance is changing swiftly, no longer is it the norm to insure your multi-million dollar home with your standard homeowners insurance policy.
Several insurance companies offer specific contracts for the multi-million dollar home. These insurance contracts offer coverage and terms that were frowned upon in the industry such as "Guaranteed Replacement" and unlimited coverage.
Insurance companies have provided unprecedented benefits for the high-net worth individual purchasing these multi-million dollar homes. You may be familiar with the California wildfires that destroyed dozens of homes, one particular insurance company saved 12 homes by dispatching its own fire company to place fire retardant on its insureds homes to prevent damage. The insurance companies are putting together hurricane preparedness units to avoid paying millions in damages. The benefit to the insured is obvious, the home is not severely damaged, Irreplaceable items are saved. The benefit to the insurer is millions of dollars saved not paying claims.
The personal lines insurance industry is taking a page from the commercial sector and providing loss prevention and risk management as opposed to sitting back and waiting for a catastrophe. The new realm of insurer's no longer provides the standard cookie-cutter homeowners policy.
What's your home worth? Have you looked at what your homeowner policy covers.
Homeowner insurance is overlooked until you have a claim and then its too late. Review your insurance annually. Follow this link to Trident Insurance Agency and we'll review it with you. Don't wait