This year brought Desert Insurance Solutions two new employees: Art Carroll, our Commercial Lines Account Manager and Lily Cardenas, our Personal Lines Service Manager. And we have a new website (that you are looking at right now!). Continue reading “A New Website for the New Year”
2017 wasn’t very happy for the insurance industry thanks to three nasty grinches named Harvey (in Texas), Irma (in Florida) and Maria (in Puerto Rico). Because coastal development has been so strong over recent decades, these hurricanes could result in total losses of $100 billion! Despite that massive number insurance carriers are not forecast to be overly stressed because only 18-20% Florida and Texas residents have flood insurance, and carriers have their own insurance (called reinsurance) to cover excessive loss.
Still, homeowner rates in Florida and Texas are expected to rise. Rates in Florida are already twice as high as the national average and after 2017 will likely increase more.
The news isn’t much better on the automotive side. The recent increase in miles driven was the most in 25 years. And everybody loves their cell phones: more than 400,000 people were injured in distracted driving incidents last year. Then when they are in accidents, new technology makes cars more expensive to repair. A study showed minor front-end damage to an Acura ILX that cost $1,844 to fix in 2014 cost $3,551 in 2016. It all adds up to pressure for auto rate increases nationwide.
Here in California we had devastating summer fires in the north and surprising winter fires in the south resulting in nearly $10 billion in insurance claims. Claims are high because of coastal development, questionable land management practices and the high cost of homes, particularly in Southern California. And unlike flood, fire is covered by all standard homeowners policies.
What does that all mean for you? Because many areas previously thought safe were proven to be dangerous, carriers will be taking a hard look at how they define “fire prone area”, particularly for new business. So if you live in or even near a fire prone area it’s important to keep your insurance paid up because if you let it lapse for even one day it may be non-renewed. If you buy a new house in a fire prone area and can’t get insurance from your existing carrier don’t be alarmed… at Desert Insurance Solutions we have multiple carrier options for each situation, but you can expect new policies in fire prone areas to be more expensive.
Who could forget the scenes of devastation as hundreds of California homes burned to the ground by wildfires? Imagine for a moment driving up to your home and finding everything gone: house, furnishing, computers, files, safe… maybe even your wallet and cell phone. Continue reading “Vital Data Map is a Great Risk Management Tool and its Free!”
Fall will be here soon and with it comes open enrollment for many health plans. Today I’ll cover issues for employers, employees who get insurance at work, individuals who aren’t covered at work and Medicare participants. Before I start, here are some general points to consider: Continue reading “What You Need to Know About Health Insurance”
It always feels like endless summer here in the desert but when the real summer begins it goes from hot to hotter! Continue reading “Tips and Tricks to Survive the Scorching Desert Summer”
Did you know that 75% of all motorcycle accidents involve a car or that 67% involve a car driver who fails to see a motorcycle? For most motorcycle accidents, it takes two. It’s no surprise that riding a motorcycle is dangerous: fatality rate per mile driven is 35 times higher than when in a car! Only 25% of motorcycle accidents don’t involve cars, typically slide out on turn from inexperienced riders. So if most motorcycle accidents are caused by car drivers not seeing motorcycles, what can we do?
“Apples to apples” is an idea that affects billions of dollars of insurance advertising spending, even though it doesn’t really work. A more useful phrase is “a little knowledge is a dangerous thing”. Continue reading “Exclusions and Sublimits | What You Need to Know”
This month brings us a new president who has pledged to change the Affordable Care Act, aka Obamacare. The details of the changes are yet unknown, but I wanted to give you some background in case you’re concerned. Continue reading “Obamacare Under President Trump | What You Need to Know”
I’m excited to announce two new additions to our Desert Insurance Solutions family: Continue reading “Desert Insurance Solutions Welcomes Two New Additions to Our Family”
Auto insurance rates are trending up across the industry and why you may be impacted even though you haven’t had any claims. Here’s how. Continue reading “Here’s Why Your Auto Insurance Rates May Be Going Up (Even Though You Haven’t Had a Claim)”