Author: zapierzzz

Hi Barb, I have a new teenage driver on the road and it’s pricey. What can I do to keep the cost down of my auto insurance?

Barb Luczowski That’s a great question, Carly. We get that often as clients have their kids come up and become of aged and become drivers and everybody gets a little bit nervous. What’s it going to cost? Are they going to be safe? So we have a few different suggestions.
First, definitely go to the website and check out our seven tips for teen drivers. That’s one thing that you want to look at. And then you also want to take advantage of different programs that carriers offer. One of them is called Telematic. It’s a Telematic program. And that Telematic program can track their driving habits, not necessarily a GPS, but it can tell you about hard stops, fast starts, and the mileage that they’re using. And then you can review it together and then also have conversations and perhaps make them a little bit better driver because they’re more conscientious of it. Good Student is another thing. Many carriers offer the Good Student discount, 3.0 average or better. And you might want to consider buying them an older car versus a newer car because liability insurance is less expensive than full coverage on a new car. But great question. Keep them coming.

Carly
Thanks Barb.

Call The Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729- 4042

What limits should I have on my auto insurance?

Well, that’s a great question. We do get that often. No one is really certain exactly how it works. Every state does have what’s called state minimums. That’s where they think everyone might want to begin when they’re a new driver. It’s 25, 50, 25, which really isn’t where you want to be, but that is what’s required by the state. It really depends on your assets. And also, make sure that you have enough coverage if you are in an accident that it covers if you hit one car or maybe multiple cars. Or, if you hit someone and there are injuries. Is it going to be one person in the car with an injury or multiple injuries? So, you really want to have that conversation with your agent. But as a minimum, I would not go below 100, 300, 100 with a new driver. And usually, most homeowners want to be at least the 250, 500, 250 range. But it’s definitely a conversation that you want to have with your agent. That’s a great question, thanks for asking.

Call The Luczkowski Agency Insurance and Financial Services in Chesterland, OH at (440) 729- 4042

Hi, Barb. So the weather’s changing, it’s starting to get colder outside. Is there anything that I should touch base with, with you regarding insurance, or maybe my house, or my car? What do you think?

Barb Luckowski Well, that’s a good question, Carly. What’s changing now that fall has arrived? The big thing with fall are the animals. It’s hunting season, and the deer are running. So you have to really be careful during the evening or early mornings, because you’ll all of a sudden have one deer or maybe three deer cross your path. It’s important that you keep your hands straight on the wheel and you hold tight, and you hit your brakes. You never want to swerve, you don’t ever want to try to miss, because that’s when the worst accident could happen. Make sure your tires have enough tread, and also your brakes have recently been serviced. But that’s a great question, Carly. Thanks for asking.

Call The Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729- 4042

Hi Barb. So with everything that’s going on in the economy, can you give any information about the insurance side of why the rates are going up?

Well, we are getting a lot of notifications from all of our carriers, preferred personal lines, and commercial lines, whether it’s home or auto as well. With homes, we’re seeing an increase in the cost due to material costs that are higher, lumber’s higher, we saw that impact first, higher labor costs. More firms are experiencing project delays, workforce shortages, and just supply chain and shipping delays. So that’s kind of impacting homes. So we’re seeing about a 10% increase across the board from all carriers.

On the auto side, it’s really very similar as well. Just higher prices for used cars. I mean, those are up 40%. New car inventories are dwindling. And so there’s a higher demand, and new cars are up as well. Repair costs are up due to labor costs, increase in labor costs, rise in the cost of car parts, people are in the shops with a repair for 30, 60 days. And just also an increase we’re seeing in rental cars. So all around, the state of the economy with inflation is impacting insurance as well. So the best thing to do is hang tight or call your agent for a quick review, and then they can put you at ease to make sure you’re getting all the discounts and bundling that you are qualified for.

Call Luczkowski Agency Insurance and Financial Services in Chesterland, OH at (440) 729-4042

What insurance does a small business actually need?
Much of a business’s success depends on how well it can overcome obstacles.

Luczkowski Agency Insurance and Financial Services is here to help guide you through the perils that you likely don’t anticipate.

Bad Luck Case #1
In this example, the hefty legal and judgment costs would have been covered by Hired and Non-Owned Auto Liability Insurance, up to purchased policy limits.

Bad Luck Case #2
ACME had Worker’s Compensation Insurance that covered Julie’s expenses, but not Colleen’s. The state identified that ACME had misclassified Colleen, which led to hefty penalties and judgments for medical costs and damages.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Do you have any questions about homeowners insurance coverages? We’d be happy to help!

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Did you know that there is a solution to rising healthcare costs that can save both employees and employers money?

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Key elements to Commercial Auto Insurance coverage with Luczkowski Agency Insurance and Financial Services.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

The final segment in our video series about what insurance a small business actually needs.

Bad Luck Case #5
We review the need for Employment Practices Liability Insurance.

Bad Luck Case #6
A Key Man Life Insurance Policy would have been very helpful, giving the business valuable time to recover from the loss.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

As we continue our series of business insurance examples…

See how Bad Luck Case #3 might have been improved with a Property Insurance Policy that included Debris Removal Coverage, along with Business Income Insurance.

Bad Luck Case #4 reveals a very real need for Cyber Liability Insurance with Data Ransom Coverage

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042