Archive for category Beavercreek Insurance
Brian Lampton recognized in Insurance Newsletter
Posted by in Auto Insurance, Beavercreek Home Insurance, Beavercreek Insurance, Home Owners Insurance, Home Owners Insurance Beavercreek, Lampton Insurance Beavercreek on August 1st, 2011
Brian Lampton was singled out with customer appreciation in the July 27, 2011 edition of “The Bulletin.”
” I recently had a roof damage claim and some auto damage too, and I called to say how nice and helpful everyone involved was. Thank you, especially to my Agent Brian and [Claims Supervisor] Donna Carpenter.”
–Customer Jane B., via a phone conversation with Branch Manager Joe Wilkerson
[ Newsletter ]
Ohio among the lowest rates in the US
Posted by in Beavercreek Home Insurance, Beavercreek Insurance, Home Owners Insurance, Home Owners Insurance Beavercreek on August 18th, 2011
http://www.insurance.ohio.gov/Newsroom/Pages/08102011AutoHomeRates.aspx
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| 8/10/2011
Lt. Governor Taylor Announces Ohio Auto and Homeowners Rates Remain Competitive in 2010 COLUMBUS — Lieutenant Governor and Department of Insurance Director Mary Taylor announced Ohio’s 2010 average auto and homeowners insurance rates were among the most competitive in the United States. The Department annually compiles the state’s average auto and homeowners insurance rates.
“Ohioans can count on the state’s dynamic insurance marketplace producing some of the lowest auto and homeowners rates in the country,” Taylor said. “We will continue to focus on attracting insurance companies to our great state to the benefit of the state’s consumers.” Ohio has the 11th lowest auto insurance and 9th lowest homeowners insurance average premiums in the country, according to the most recent figures from the National Association of Insurance Commissioners (NAIC). In 2010, the average rate change for the state’s top 10 private passenger auto insurance groups increased 1.5 percent. The average rate change for the state’s top 10 homeowners insurance groups increased 8.7 percent. The top 10 insurance groups represent approximately 70 percent of the market. The average increases in 2010 were less than the previous year, which saw average increases of 2.8 percent and 9.7 percent for auto and homeowners, respectively. The historical rate change information is an average. Individual insurance consumers may have experienced rate changes that differ from the average. The Department makes sure the rating plans comply with Ohio insurance law and the rates are actuarially sound. Ohio insurers continued to experience claims from the multitude of weather events that have impacted the state over the last few years. Based on rate activity so far this year and industry data, Department analysts expect 2011 rate activity to follow a similar pattern. Changes in auto insurance rates are associated with medical costs, weather-related claims, the number of cars on Ohio roads and repairs costs. Changes in homeowners rates can be attributed to weather-related claims, and building and material costs. Ohioans with insurance questions or concerns can call the Department’s consumer hotline at 1-800-686-1526. Free information, including guides and tip sheets about auto and homeowners insurance, is available atwww.insurance.ohio.gov. |
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DDN: Weather whipping up home insurance
Posted by in Beavercreek Home Insurance, Beavercreek Insurance, Home Owners Insurance, Home Owners Insurance Beavercreek, Lampton Insurance Beavercreek on August 17th, 2011
Dayton Daily News publishes article from The Columbus Dispatch reporting that losses from recent storms factor into future projections.
[ Article ]
Beavercreek Homeowner Insurance News- Mold in Homes
Posted by in Beavercreek Home Insurance, Beavercreek Insurance, Home Owners Insurance, Home Owners Insurance Beavercreek, Lampton Insurance Beavercreek on April 12th, 2011
Mold In Homes
Mold Prevention Tips
- Fix leaks in pipes and any damp area around tubs and sinks so mold spores don’t have a growing environment.
- If you rebuild or remodel, do so with water-resistant building materials such as tile, stone, deep-sealed concrete, waterproof wallboard, water-resistant glues, etc.
- Prevent seepage of water from the outdoors into your house. It’s important to have rainwater from gutters or the roof drain away from the house. The ground around the house needs to slope away to keep the basement and crawl space dry.
- Ventilate any crawl space as much as possible to allow for thorough drying
- Reduce the moisture in the air with dehumidifiers, fans and open windows or air conditioners, especially in hot weather. Do NOT use fans if mold may already exist; a fan will spread the mold spores.
- Try to keep the humidity in your home below 40%.
- In moisture-prone areas, consider easy-to-clean, water-resistant floor coverings, such as vinyl or stone tile.
- Reduce potential for condensation on cold surfaces by insulating.
- If you discover mold, the first step is to find and eliminate the water source, as above.
- Then, if it is a small area (less than about 10 sq ft), and you feel comfortable, clean the mold with a detergent solution and thoroughly dry all materials.
- If it is larger than 10 sq ft, consider calling a professional mold remediation company, such as PuroClean, the Paramedics of Property Damage™. Their well-trained, professional technicians understand and apply industry standard approaches to remediate mold completely, while being as safe for your home and your family as possible.
Brought to you by:
Brian Lampton
1326 Parkway Ct
Beavercreek, 45432(937) 427-8444
www.lamptonengleagency.com
blampton@lamptonengleagency.com
Homeowner Insurance Beavercreek Special Limits
Posted by in Beavercreek Home Insurance, Beavercreek Insurance, Home Owners Insurance, Home Owners Insurance Beavercreek on February 22nd, 2011
Check your homeowner insurance policy for a section often called “Special Limits” These are coverage limitations for certain groups of personal property. All home owner policies have limits and every company is different with what items they limit, and the actual dollar amount for each group. A couple of the items listed are actually extra coverages provided such as watercraft and trailers. Other items are limited such as money, jewelry, silverware and others.
Our agency wants you to be aware of these limits so if there is a concern we can make the necessary changes to your insurance program to cover the items prior to a claim. I don’t know why these limits are in the policies, and I don’t like that they are “hidden” in the policy, and not printed on the front coverage page. Please take a few moments to review your own limits and call your agent if any of them could be a problem.
Our two main insurance carriers Erie Insurance and Auto-Owners Insurance for homeowner policies have these sort of limits (just like the rest) and we have pulled them out of the policy and put them in summary form so they are easy to read and understand. Please contact us if anything on the list could be an insurance problem for you and your family.
Homeowner Limits -pdf
Water Back-Up
Posted by in Beavercreek Home Insurance, Beavercreek Insurance, Home Owners Insurance, Home Owners Insurance Beavercreek on October 25th, 2010
There are three kinds of water when it comes to home owner insurance. The first kind
is called flood. There is a specific definition of flood, simply put, it is the water that
comes “ in and down” (in the house) from normally dry land. The second kind of water
is water back-up or sewer drain back-up. This is water and or sewage that comes back
up from drains in the house. The third type of water would be all other water damage,
weather it is from a leaky roof, or a busted water heater, or pressure hose from your
washing machine, for example.
All home policies exclude any damage caused by flood. The only way to cover flood is
to purchase a flood policy from the National Flood Insurance Program. All home owner
insurance policies also exclude the second type of water, or water back-up. Coverage for
this type of water damage can be purchased and added back on to your home policy as an
option for extra premium. This optional coverage is usually limited to $5,000 or $10,000
depending on the insurance company. The third type of water damage is typically
covered on most regular home owner policies.
Let’ s emphasize the importance of the water back-up or sewer & drain back up damage
coverage. We feel this coverage should be considered with every home policy. Even
if you’ re on a slab, up on a hill, it doesn’ t mean you’ re not susceptible to water back-up
loss. The drains in your home can become clogged from regular use, or tree roots getting
in the drain lines. Many folks have plumbing services come out once a year to “ snake
out” or clean out their drains. Most water back up losses involves damaged carpet and
flooring which usually results in larger losses.
There is a reason insurance carriers charge extra and limit coverage for water back-up.
These types of losses occur very frequently, and are usually over $1,000.
Please don’ t short change yourself, review your home policy, and make sure it has water
back-up or sewer and drain back up coverage.
Beavercreek Ohio, Homeowner Insurance rates are rising
Posted by in Beavercreek Insurance, Home Owners Insurance, Home Owners Insurance Beavercreek, Lampton Insurance Beavercreek on July 26th, 2010
Umbrella Liability Policy For Individuals
Posted by in Beavercreek Insurance, Personal Umbrella Policy on September 8th, 2009
Personal Lines Umbrella Liability Policy
What It Is And What It Isn’t
First, what it is. It is a liability only policy that adds a high amount of additional liability coverage to the personal auto and home policies. In most cases it adds $1,000,000 or more of additional liability protection over the personal auto and personal liability (home) policies. These catastrophe liability policies are very economically priced, yet offer tremendously high limits of coverage. A person who owns one house and two autos can purchase a one million umbrella policy for as little as $120 per year. That means for $120 per year a person has added an extra $1,000,000 of liability protection over their personal liability and auto liability coverage. There are a few important items to note. Some companies require that they also insure the home and autos that go “underneath” the umbrella. Some companies require customers to increase their current liability limits before they can add the umbrella policy.
Most companies do not include un-insured motorists bodily injury with the umbrella coverage and charge extra to add this coverage.
Check with your agent about these things.
What an umbrella policy isn’t. It does not cover property at all. It isn’t what it sounds like; it doesn’t cover “everything else” that the other insurance policies don’t cover. For example, if your home has a fire and you own a boat that is in the garage and it burns up, and the boat is worth $3,000 and the home policy doesn’t cover it, the umbrella policy won’t cover the boat either. The umbrella policy does not cover any property, it is a liability policy only.
Personal umbrella or catastrophe liability policies are a crucial part of insurance protection. Folks who own their own business are encouraged to purchase an umbrella policy. People who have young drivers, or families who’s homes and or assets exceed their auto liability limits should consider owning an umbrella policy. They are easy to get and very inexpensive.
Beavercreek Auto Insurance
Posted by in Beavercreek Insurance, Beavercreek auto insurance on December 10th, 2008
What are the factors that can affect the costs of my car insurance?
- Gender, age and even marital status.
- Driving history. The “cleaner” driving record you have, the lower your insurance costs will be.
- The area of driving. The insurance company will quote a higher rate in a big city.
- The condition of your car.
- The amount of insurance.
- Credit history will also influence the amount of your premium.
How can I my auto insurance rates be lowered?
- Drive legally in order to maintain a good driving record.
- Comparison shop for insurance.
- Obtain higher insurance deductibles.
- Get discounts whenever they apply to you.
- Protect your credit rating.
Every Insurance company uses their own rates and they are based on their own experience. A major factor in auto rates in recent years is a persons credit history. Insurance companies will rate based on a number of factors relating to that persons credit history, such as the number of loans they have , the number of credit cards they have, and what the credit limits are, their pay history and other factors are used.
The best thing to do is develop a good working relationship with your agent so you can have conversations about these things in order to maximize your coverages and minimize your premiums. Our agency prides itself on people who genuinely care about our clients and strive to do our best to return calls, provide value and most of all deal honestly with our customers.
Security During These Uncertain Financial Times
Posted by in Beavercreek Insurance, Safe investments on November 13th, 2008
In the face of financial insecurity in the market place, workers and retirees need to have assurances that their money is safe, sound, secure. We would like to help. One of the issues facing workers today is the management of their 401K retirement accounts upon separation from service with an employer. In todays uncertain economic times safety and security seem to be un-attainable.
We suggest these folks consider insurance annuities. Annuities are safe, secure and can be used in individual IRAs, Roth IRAs, 401K retirement roll overs, or as a replacement for traditional bank CD’s. Annuities generally pay a higher interest rate than the bank CD’s and are guaranteed contracts. This means that the investor will be guaranteed a positive investment result. We only recommend annuities from the highest rated companies who practice the best, most conservative, financial management and have a history of solid financial ratings.
Contact Brian Lampton today and ask how an annuity could provide peace of mind, and an excellent addition to any one’s retirement portfolio.
