5 Tips To Classic Car Insurance

Classic Car Insurance

If you’re thinking about purchasing a classic car, there are a few things you should know.

Believe it or not, it can actually be rather difficult getting classic car auto insurance.

Classic car insurance is a type of insurance that is used by owners of classic car owners and collectors. One of the reasons classic car insurance can be rather expensive is because collectable cars are attractive to car thieves causing insurance rates to be rather lofty. Insurance companies that specialize in classic cars, typically specialize in insuring only collectible cars. Some of the classic car insurance companies that you may come across in your research are American Collectors Insurance, Parish Heacock Classical Car Insurance, Asad Car Insurance Company, and Leland West Insurance Company.

When insuring a classic car, there are some stringent requirements that may apply. In some instances, the car must be at least 15 years old to qualify for classic car insurance. Also, the car must be stored in a garage that can be locked when the car is not in use. Sometimes, classic car insurance has mileage limitations, which only allow you to drive the vehicle up to 5000 miles every year. To be insured for such a car, an additional commuter car is required that can be used for daily transportation.

If you believe that the requirements mentioned above are not difficult to meet, then getting classical car insurance may not be such a hurdle. Although you may meet the requirements to get insurance, you need to be aware that there are some differences between classic car insurance and what is considered normal car insurance. For example, in a situation where your car is totaled, classic car insurance typically only pays out the agreed value amount in the policy whereas regular car insurance pays out the total value of the vehicle. Because classic cars typically have a high value, it can be almost impossible to find cheap classic car insurance. Sometimes it may be beneficial to hire a broker to help you get a cost-effective policy and rate.

If owning a classic car is a dream of yours, don't let the headache of finding insurance get in the way. Even getting short term car insurance coverage for your classic car can be tough. If for some reason you become overwhelmed shopping for insurance, then hire an insurance broker - JASON SHROOT - to help you find the best policy that meets your needs. A great insurance agent like Jason Shroot with Diversified Insurance  can help you find several classic car insurance quotes and policy choices.

For More Information About 

Classic & Collectible Car Insurance Please Call:

Jason Shroot

714-988-3325

jason@diversifiedinsurancequotes.com

www.jasonsellsinsurance.com

15 Holiday Safety Tips

The holiday season is right around the corner, and many families are preparing to celebrate their individual traditions with Christmas trees, candles and holiday lights. Jason Shroot is offering tips to help ensure that the warm glow of holiday decorations doesn't erupt into a destructive and potentially deadly holiday fire.

According to the National Fire Protection Association (NFPA), the top five days for residential candle fires are Christmas, Christmas Eve, New Year's Day, Halloween and December 23rd. In addition, Christmas tree fires cause $13.8 million in direct property damage each year, and holiday light-related fires are responsible for another $7.9 million annually.

"For many of us, the holidays wouldn't be the same without a Christmas tree or glowing candles," says Rick Isaacson, executive vice president of SERVPRO Industries, Inc. "But it's important to follow some common sense guidelines to help prevent your celebration from turning into a tragedy."

Jason Shroot with Diversified Insurance offers these tips from the United States Fire Administration to help keep the holidays bright and safe:

Candle Safety Tips:

1. Consider using battery-operated flameless candles instead of wax candles.
2. If you do use traditional candles, place them in sturdy metal, glass or ceramic holders where they cannot be easily knocked down.
3. Keep candles out of the reach of children and pets.
4. Never allow children to play with matches, lighters or candles.
5. Don't put candles on your Christmas tree or approach the tree with a burning candle.

Holiday Lights Safety Tips:

1. Inspect holiday lights each year for frayed wires and other problems. Discard and replace damaged strings of lights.
2. Don't overload electrical sockets. Never link more than three light strands unless the directions indicate it is safe to do so.
3. Check the wires on your lights periodically. If the wire feels warm, remove and discard the string of lights.
4. Turn off your holiday lights when you leave the house or go to bed.

Christmas Tree Safety Tips:

1. Cut natural trees at a 45-degree angle to allow for maximum water absorption.
2. Select a natural tree that is fresh. If the tree "rains" needles when you bounce the trunk on the ground, select another tree.
3. Position the tree well away from sources of heat, including heat vents and fireplaces.
4. Keep natural tree stands filled with water at all times.
5. Don't leave a natural tree up for more than two weeks and discard the tree immediately if it becomes dry.
6. Use only non-flammable decorations on the tree, and select artificial trees that are labeled "fire-retardant."

For More Information & The Best Insurance Quote
Please Call Jason Shroot at 714-988-3325
jason@diversifiedinsurancequotes.com
http://www.jasonsellsinsurance.com/

Medical Bills Contribute to 62% of Bankruptcies

Did You Know... Medical Bills Contribute to 62% of Bankruptcies ???


Many Americans are at high risk for financial ruin, and medical bills are often the culprit.
Researchers from the American Journal of Medicine found that illness and medical-related costs contributed to 62% of bankruptcies in 2007. Most of those affected were middle-class homeowners.

Health Care Costs Have Skyrocketed

A study by Fidelity Investments found that health care costs have risen 56% since 2002 and American families spend an average of $535 per month on health care, roughly one-fifth of their total expenses. Only food costs are higher.

Even those with health insurance are not immune. With many cash-strapped employers now opting for the lowest-cost plans, many Americans are paying tens of thousands in out-of-pocket costs. Roughly 75% of bankruptcy filers had health insurance when they became ill.

Health Insurance Is Still a Financial Necessity

The bottom line is that health insurance is a necessity—and a wise financial investment. Without health insurance, if you need extensive testing or surgery, you'll be faced with thousands in medical bills. An ambulance ride alone is enough to bleed your bank account dry.

With health care costs mounting, more Americans are turning to individual health insurance for financial relief. Many Americans with coverage through work find that individual health insurance is often the most affordable option.

If you’re without health insurance, compare health insurance quotes for free with Jason Shroot @ 714-988-3325. You could find a low-cost policy that covers all your health care needs with very little cost or effor.

These 5 Factors Could Be The Reason You’re Paying More For Home Insurance Than Your Neighbor

5 Things That Could Send Your Rates Through the Roof



Wondering what really drives up your home insurance rates?

These 5 factors could be the reason you’re paying more for home insurance than your neighbor:

1. Low Deductible

In the insurance world, a higher deductible translates into a cheaper premium. For example, if you raise your deductible from $250 to $1,000, you could slash your premium by 30 percent or more, according to the Insurance Information Institute (III).

2. Missed Discounts

Discounts can save you a fortune on home insurance. For instance, purchasing your home and auto insurance from the same insurance carrier could save you up to 15 percent on both premiums. (III)
Discounts are also usually offered for:

•Smoke-free homes
•Loyal customers
•Senior homeowners
•Military families

3. Bad Credit Score

No, it’s not an urban legend: Many homeowners with poor credit are charged higher home insurance rates. While you can’t fix your credit score in the blink of an eye, it may make sense to shop around and see if another insurance company considers credit less important than your current one.
4. Lack of Security and Safety Features

Insurers love safe and secure homes, which is why they offer discounts for home security devices. You could save 20 percent by investing in these home safety features (III):

•Smoke alarms/fire-retardant roofing materials
•Deadbolt/window locks
•Security systems (especially those monitored by outside services)
•Emergency sprinkler systems

5. Overpriced Insurer

Shopping around for cheaper home insurance is the absolute best way to save money. Prices vary widely by company, and one insurer’s rate may be hundreds of dollars cheaper than another’s for the exact same coverage.

Compare Home Insurance Quotes For Free With

Jason Shroot @ 714-988-3325

jason@diversifiedinsurancequotes.com

www.jasonsellsinsurance.com 

Landlord Policies - Renting Out Your Home

The Coverages You Need When You Rent Out A Home You Own....

Oftentimes, landlords think they can keep their standard homeowners insurance policy while renting out their home instead of purchasing a landlord policy. However, when you rent out your home your homeowners insurance company will not typically cover claims made on a standard homeowners policy.

A Landlord Policy is Different From a Standard Home Insurance Policy!

A Landlord Policy is a policy specifically designed for someone who is renting out their home to tenants. It offers most of the same coverages as a standard homeowners policy with a few changes tailored to meet the special needs of a landlord. 

For example, a standard homeowners policy typically provides up to 70% of the dwelling coverage for contents coverage. However, the contents coverage under a landlord policy can be altered to provide the amount of coverage needed by a landlord. If you are renting out an unfurnished home, for example, you would not need a large amount of contents coverage as you might if you are renting the home furnished. So, if you are renting out an unfurnished property, you might want to purchase just enough contents coverage to protect any appliances you have in the home.

Also, typically under a Landlord Policy you would have Fair Rental Loss coverage which replaces Loss of Use coverage under a standard homeowners insurance policy. Fair Rental Loss coverage protects your rental income in the event your home is damaged or destoyed due to a covered loss and you cannot collect rent on the property while it is being repaired/rebuilt. Limits for this coverage are typically around 10% of the Dwelling Coverage-however this can vary from one policy and company to the next.
As a landlord, it is always a good idea to encourage your tenants to purchase rental insurance. Rental insurance offers liability coverage which would be a great asset in the event that someone presents you and/or your tenant with a lawsuit for damages that occurred on your property while your tenant was residing there.

Also, since your Landlord Policy would not cover the renter’s possessions in the event they were stolen or damaged in a loss, they should have renter’s insurance to cover their belongings while they are living in your home.

For More Information Or A Free Quote Please Contact Jason Shroot at 714-988-3325 Jason@diversifiedinsurancequotes.com

http://www.diversifiedinsurancequotes.com/

Employment Practices Liability Insurance (EPLI)

Is Your Business a Target Possible Employment Lawsuits


Wrongful termination… Sexual harassment… Discrimination… In today's litigious society, employers need to be prepared to protect themselves from employment-related claims and lawsuits. Recent years have seen an increase in charges brought against companies by current or former full-time, part-time, and seasonal employees.

A simple accusation by an employee can start the clock ticking on the expensive task of defending an employment-related wrongful act allegation. And, the 81 percent of claims that are settled in arbitration or in administrative hearings cost employers $22,000 to $40,000 on average. Even those claims that are settled immediately cost a Company an average of $7,500.

That's a hard nut to swallow for any commercial operation. Enter Employment Practices Liability Insurance (EPLI). EPLI helps protect small companies against the liability damages and defense costs brought by employees who allege employment-related wrongful acts.

As part of our EPLI coverage, we offer Employer Protection as an online resource to help you manage your employment risks by taking steps to avoid situations that may lead to litigation. We understand that small businesses don't have the resources to protect themselves from employment practices lawsuits.

EPLI provides protection against state and federal employment-related claims, including cost of defense, such as:

• Sexual harassment
• Discrimination
• Wrongful termination
• Breach of contract
• Negligent evaluations
• Failure to promote
• Wrongful discipline
• Infliction of emotional distress

We can help you obtain Employer Practices Liability Insurance (EPLI) to protect your business from claims by employees, former employees, or candidates for employment.

EPLI: For Companies of All Sizes

The number of lawsuits filed in Indiana by employees against their employers has been rising and judgments awarded to plaintiffs have been increasing.

While most suits are filed against large corporations, no company is immune to such lawsuits.

EPLI policies can be written whether you have other liability coverage in force or not.

EPLI: Protects Against Employees' Litigious Nature

EPLI, a relatively new product in the insurance market, protects your company from liabilities not covered under general liability policies.

Very few employers currently carry EPLI even though statistics show that businesses are more likely to face an employment claim than a property or general liability claim.

EPLI: One Claim Can Have a Devastating Effect

Employers today don’t equate the benefit of an EPLI policy to its cost. While EPLI coverage can be expensive, potentialdamages arising from an employee claim can be devastating to the bottom line.

Historically, an EP claim can settle at $40,000-$100,000, if it doesn’t go to court!

If the case does goes to court, damages awarded by the court average over $200,000, with as many as 10% of wrongful termination suits resulting in damage awards of over $1 Million.

The cost for employers to defend themselves can exceed $45,000 for a single claim.

EPLI typically covers most of the damages that a business faces in an employment lawsuit, including:

• Back pay
• Attorneys' fees
• Compensatory damages
• Front pay

EPLI: Employee Training Can Reduce Liability

We can even arrange for employee training and educational information to help lessen your liability profile.

In addition to providing coverage if there is a claim, some EPLI carriers will provide or help pay for employment practices training, which hopefully reduces your chances of getting sued in the first place.

Please Contact Jason Shroot at 714-98-3325 or Visit www.jasonsellsinsurance.com