We would like to congratulate Agent, Chris Christensen on his recent
honor at the well renowned Business Connector Magazine’s Business
Symposium. On November 10th Chris was the recipient of the “People You
Should Know Award”. As a person who has evolved into such a knowledgeable
producer, in such a short period of time with the Neis Insurance Agency,
Chris is well deserving of this honor. Congrats Chris!
The Neis Agency welcomed two new Agents this year; Lorraine Raven and
Chad Torgerson. Lorraine’s experience includes over 21 years in the
industry. Chad comes to us with a respectable six years of military
service, including his honorable tour to Iraq. We are thrilled that you
have joined our team and look forward to working with you.
While we are welcoming new agents we would also like to bid farewell to
agent, John Muniz, who after 11 years has decided to retire. Good luck,
you will be missed!
Complete Protection for the Business Owner
By: Kristy Sanford
What does a Personal Umbrella have to do with a Business Owner? In a
society that is engulfed in “lawsuit fever”, the business owner has
never been more over exposed. Case in point: a neighborhood child drowns
in your pool. If the jury award or settlement that follows is large
enough, the personal assets of any business owner and his business could
be in jeopardy. But with a Personal Umbrella in place, the business owner
lessens his risk of getting soaked.
This is also true on the flip side; should a claim against a business
exhaust its insurance coverage, a settlement could go after the business
owner’s personal assets. However, with a Personal Umbrella in place the
business owner’s personal assets are well protected.
But how much will this cost you in premium, you may ask? The umbrella
policy is a fairly inexpensive premium especially when faced with the
cost of not having it. The average rate is $150 per $1 million in
coverage; therefore, for $600 - $800 you could likely secure a $5 Million
Personal Umbrella as well as peace of mind.
Source:
McCord, William. “Personal Umbrellas for the Business Clients.” Agents
Market Source Vol. 15 Issue 2: 22-26.
Gap Insurance: What Is It and Why You Need It?
By: Cassi Stutesman and Kristy Sanford
In this day and age, with the saturation of the used car market, today’s
cars depreciate much faster than they did 5 years ago. Since standard
auto policies only cover your new car for the fair market value, which
can be as little as 80% of what you paid for it, you could end up paying
off a loan on a car that you couldn’t even drive if totaled in an
accident.
Gap coverage would also be critical if your car is stolen. Standard auto
insurance will only cover the value of the vehicle, not the total loan
on the vehicle. In the end without Gap Insurance you could be paying for
a car that a thief is driving.
With Gap Insurance both of these circumstances, grim but possible, would
protect you in paying off the balance of your loan on a totaled or
stolen new vehicle.This is such a viable coverage most leasing companies
require this coverage of newly leased vehicles.
The majority of insurance companies offer this coverage on all new
vehicles or vehicles that have been titled only to one owner. The price
for this coverage is minimal and well worth it.
Source: http://gap-insurance.info/
