A “high-risk” driver is generally defined by the insurance companies as someone who has a higher risk of having an auto accident. Auto insurance companies often see high-risk drivers as undesirable, as they may end up costing a great deal in claims.
Why you may be defined as a high risk driver?
You have multiple accidents or tickets during a specific period of time.
You have a DUI.
You have a serious violation.
Any accident that results in a fatality.
Driving without a license.
Driving without insurance.
You drive an exotic car.
For whatever reason, your auto insurance has lapsed.
How to get auto insurance if you are considered high risk
You may need non-standard insurance.
SR-22 insurance for specific situations.
Allow your agent to shop auto insurance for you.
Determine what auto insurance discounts you may be eligible for.
Improve your driving skills.
Consider a lower risk car.
Advancement in technology minimizes your risk and lowers your cost of insurance. Your persoanl insurance is part of a new wave of technology that is taking the country by storm. The insurance industry calls this the “Internet of Things” (loT). There are many good articles relating to this issue and we have provided a link: The Internet of Things: Groundbreaking Tech with Security Risks.
The ways in which technology helps your business can be defined by one word, “Connectivity.” We are all connected in so many ways now, and this can help reduce your risk. “For example, the sensors in smartphones and smartwatch devices are already helping healthcare providers to diagnose illnesses and monitor wellbeing. Black box telematics in cars can assist insurers in informing policyholders how safe their driving is and helping shape their insurance rates.
Ways in Which loT Helps You
Smart devices are connecting your homes in dozens of ways, including home security, heating, lights, and appliances. These allow you to manage your home from anywhere, and detect a fire or other hazard.
Automated claims systems are able to help your business analyze employee injuries, which leads to the development of advanced safety programs.
Using smart vehicles allows employers to monitor commercial drivers, which can lead to safer drivers.
Parents are able to use smart devices in personal autos to monitor teen drivers. Some auto insurance companies are offering these devices as an incentive to lower premiums based on actual driving indicators.
At Gary Stratton Insurance Agency we believe our greatest asset is the relationships we build with our clients and we are dedicated to being the right choice for all of your insurance and financial needs. We take pride in our ability to tailor a comprehensive package that maximizes your insurance protection while minimizing money out of your pocket.
A Homeowner’s Insurance Update
Our goal is to make 2017 the year where we make our homes as safe as possible. Your home is your castle, a place where life happens and where you want to keep your family safe. You buy homeowner’s insurance to protect your assets in the event of a loss, but there are things you can do to minimize your risk and make your home safer for everyone.
Help prevent fires - According to the National Fire Protection Association (NFPA), seven people die from home fires every day, half of them in fires that started between eleven o’clock at night and seven o’clock in the morning. Smoke detectors are the best prevention method. Make sure you have working smoke detectors in your home. Place one in every bedroom, the kitchen, garage, and basement.
Reduce poisoning - The National Safety Council reports that 90 percent of poisonings happen at home, and are the leading cause of unintentional death. Keep medicine away from small children, keep all chemicals in childproof cabinets, and talk to your kids about the dangers of mixing chemicals.
How to reduce the threat of burglary – The average loss from a home burglary is around $2,400. Do you think you will ever see your property again? There are ways to reduce the risk of burglary, including having a home security system, keeping all doors and windows locked when gone, installing door and window bars, and installing dead bolt locks.
An Auto Insurance Update
These days everyone is looking to save on their auto insurance. We work hard to offer the best combination of pricing and coverage to all our clients. We recommend that you review your auto insurance program annually to make sure it is meeting your changing needs. Considering changes in deductibles should be part of this process. Increasing deductibles can reduce your premiums and may save you money in the long run.
Increasing your deductible will reduce your premiums. For example, let’s say you pay $225 per month for your auto insurance with a $50 comprehensive and $100 collision deductible. By increasing your deductible to $250 comprehensive and $1,000 collision you might save $75 per month. That is a $900 annual savings. Assuming you don’t have regular accidents, the savings would almost pay for itself in a year. (This is an example only. Actual savings will be based on individual factors)
If you raise your collision deductible to $1,000 and have an accident the next day, you must pay the $1,000. Are you prepared to manage that? Keep in mind these deductibles will apply even if your car is stolen or a tree falls on it; it does not have to be your fault.
Your deductible and limits are a personal decision and your financial situation plays a part in the deductibles and coverage you choose.
Cyber Liability continues to be a major issue for businesses in 2014. In today’s data-driven social media world, businesses of all sizes have had a cyber-attack or data breach. Statistics show 39% of all cyber incidents affect businesses with fewer than 100 employees. With the recent Target breach, many individuals and businesses are considering cyber or identity theft insurance.
Some Items to Consider
With more companies beginning to store information on the “cloud” there will be more universal breaches causing greater losses.
Cyber Liability insurance is a real option providing value added coverage and services.
Industries most exposed are; healthcare, medical, retail, financial institutions, technology and hospitality,
Cyber recovery costs are rising, even with new technology.
Individual states will be beefing up mandatory reporting laws and imposing fines for lack of reporting.
New technologies will allow cyber-attacks to come through smart phones and tablets.
Small businesses may be the most prone, as they have the least protection.
Cyber liability coverage (for data breaches) has evolved from just insurance for information technology companies to coverage that nearly every kind of business should have - if they don't already. From retailers, banks, contractors, distributors, restaurants and medical offices, many businesses are unaware of the severe data breach exposure they face. In short, any business not making an effort to protect personal private information is seriously out of step with the emerging landscape of privacy law. We can provide your firm with the right combination of pricing and coverage.
Protect what matters most to you with Everett, WA. Car, Home, Health, Life & Business insurance. We offer the best combination of competitive rates, coverage and personal service in Everett.