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Monday, June 1, 2020

Hurricanes and Flooding - Tis the Season

Almost anywhere it rains, it can flood. Even if you live in an area of that you think isn’t at risk, preparation is just as critical as with other types of emergencies.

Compound this with wet summer weather that creates dangerous hurricanes with excessive winds and lots of water movement, and you have the perfect storm for flooding.

Before we get into how you can prevent, limit or react to flooding, it’s important to note that flood damage is typically not covered by your homeowners or renters insurance. There are specialized flood insurance programs that we at SouthGroup Insurance can discuss with you. Just contact us at 228-466-4498 or 228-385-1177 or info@southgroupgulfcoast.com for more information if you live in Mississippi, Louisiana, Florida, Arkansas, Georgia, Tennessee, or Texas.

Preparing for a flood

The Federal Emergency Management Agency recommends a number of steps to stay safe during emergencies and limit damage from flooding. You should:

+ Build an emergency kit for your family containing such items as drinking water and nonperishable food for each member of your family (two-week supply), flashlights,  a radio, extra batteries, a first-aid kit, necessary medications, personal hygiene items and copies of important documents.
+ Create a communication plan so family members can reach one another.
+ Elevate your air conditioner, water heater and electric panel in your home if live in an area with a high flood risk.
+Consider installing “check valves” to prevent floodwater from backing up into the drains of your home.
+If possible, employ flood mitigation measures to stop floodwater from entering your home.

During a flood


If a flood is likely in your area, quick action may be necessary to protect your family and property. You should:

+Get information from the radio or television.
+Move immediately to higher ground if there is any possibility of a flash flood. Do not wait for instructions to move.
+If you need to evacuate, secure your home and move essential items to an upper floor. Turn off utilities if instructed to do so, and disconnect electrical appliances. However, do not touch electrical equipment if you are wet or standing in water.
+Do not walk through moving water — it can make you fall. Use a stick to check the firmness of the ground in front of you.
+Do not drive into flooded areas. If you are caught in your vehicle in floodwater, abandon your car and move to higher ground if you can do so safely.
+If you have evacuated your home, do not return until authorities tell you it is safe.

After a flood

Flooding can cause emotional stress along with physical hazards, so be mindful of the well-being of you and your family during the aftermath.
+Floodwater can be contaminated by oil, gasoline or sewage, so avoid contact as much as possible.+Make sure your city’s water supply is safe to drink.
+Clean and disinfect everything that was in contact with floodwater.


The Red Cross has a free book available called “Repairing Your Flooded Home,” which contains useful information as you clean up. It’s available at www.redcross.org. Of course, don’t hesitate to contact us as well — we’re ready to help!


If you have flood insurance, contact the claims center of your provider as soon as possible.


If you don't have flood insurance, don't wait!  There is a 30 day waiting period for most coverage.  There are other options available for private insurance, so shop around with your local Trusted Choice Agent.

Flooding is one of the most common hazards in the U.S. Being prepared for any emergency is crucial for the safety of you and your family. Don’t be caught off guard!



We are your LOCAL Trusted Choice Advisors, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com ,  SALES AND SERVICE AGENTS: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Tracy Arnold, Brittany Jones, Denise Russell, Melissa Moran, Alex Treutel, Anne Gillam, Ashlie Moody, Mark Strickland, Johnny Walton and Whitney Zimmerman Webb at SouthGroup Gulf Coast. You can reach us by snail-mail or in person: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: info@southgroupgulfcoast.com, phone: 228-466-4498 fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel ! 

We have 2 Gulf Coast locations to serve you - 2505 Pass Road - Biloxi and 412 Hwy 90 Suite 6-Bay Saint Louis, MS. We write coverage in 40 different states and can assist you with Mississippi insurance, Louisiana insurance, and Alabama insurance and many other states.



Insurance is stressful, but we make saving easy.  We help you save money on insurance!
#trustedchoice #southgroup @southgroup   @stateauto  @libertymutual @TRV_insurance @safecoinsurance @progressive #savemoney @atreutel

Friday, May 1, 2020

Life Insurance - When to Buy and How Much Do You Need

You are not planning to have a heart attack tomorrow, or get a cancer diagnosis, or accidentally step out in front of a bus. For that reason, and especially if you are young and healthy and have no dependents, life insurance probably isn’t for you. Or is it?
Let’s look at what life insurance is, what it covers, and why people buy it. Then you can decide if now is the time to contact an independent agent in the Trusted Choice network who specializes in life insurance. Because these agents work with multiple life insurance carriers, they can compare policies and options on your behalf and help you make the best choice. Contact a local  .southgroupgulfcoast.com for help meeting your life insurance goals.

Life Insurance Statistics

  • 40% of American adults have no life insurance
  • Over 50% of U.S. households lack adequate life insurance coverage
  • About 40% of people surveyed say they would have immediate financial trouble if the primary wage earner in their household died

Why Buy Life Insurance?

As with all insurance, life insurance plans are about preparing for the unexpected. We don’t plan to have a heart attack or meet an untimely end. We may fret about the unforeseen, but there are few ways to prepare for it. Life insurance provides a way to be prepared and get peace of mind.
The main reason to buy life insurance is for financial protection for your family and dependents. If you are the sole income earner or the major provider in your family, then life insurance definitely makes sense. If you should die unexpectedly, your policy will help your loved ones pay your final expenses and potentially receive ongoing support. The amount they receive will depend upon the size of policy you buy.

Do You Need Life Insurance When You Are Young?

Most people don’t think about buying life insurance when they are young, healthy and single. However, if something should happen to you unexpectedly, a life insurance policy could pay for your student loans or other large outstanding debts, as well as your funeral expenses. These are never fun things to think about, but evaluating risks is a first step to preparedness.
Another good reason to consider buying life insurance at a younger age is to lock in rates. The affordability of life insurance is based largely on your age and risk factors, and life insurance for adults becomes increasingly expensive. While you are young and healthy, you will pay lower premiums. With short term insurance you can choose a lock-in term, such as 15 or 20 years at a preferred rate.
It is important to know that many term policies can be converted into permanent policies later on, without having to re-qualify. If you develop a severe or chronic condition at any point, your life insurance is already secured. Essentially you can insure your insurability.

Life Insurance Over 30

Most people begin seriously thinking about buying a life insurance policy at about the time they start a family. If you are like many people, the light bulb may come on at about the age of 30, when you realize that you are mortal, and that you have real financial responsibilities.
An important consideration for anyone who wants to purchase life insurance is that it will never be cheaper than it is today. It’s not too late at the age of 30, 40 or 50 or even later to buy life insurance that will protect your dependents from financial hardship or provide for you in retirement. But your costs will go up the longer you wait. If you do buy life insurance now, you can lock in a life insurance premium at a more affordable rate than it will be a few years down the road.

How Much Life Insurance Do You Need?

Choosing a life insurance plan requires a bit of math. You want to figure out how much your family needs for daily spending and major upcoming expenses in the event that you pass away too soon and cannot provide for them. Or, if you are young, single and healthy, you can look at the cost of paying off any debt you have accumulated, or the cost of care for an aging parent.
For the following simple example, we will pretend there is no interest or tax. But in reality those factors will affect the amount of benefit your beneficiaries receive.
Example:
  • You purchase a $500,000 life insurance policy.
  • Upon your passing, your family spends $10,000 for your final expenses, leaving $490,000 to be divided up over the payout period for your designated beneficiaries.
  • If the payout period is 20 years, the payments would be about $24,500 per year, or about $2,040 per month.
Again, interest and tax are not figured into this simplified example. What makes life insurance so confusing is that there are several different types of coverage, including term life and whole life or permanent life insurance. Additionally, the details of the policy you choose will be unique to your personal situation.

Life Insurance Terminology

It can be difficult to make sense of life insurance terminology. Here is a brief overview of the most common terms:
  • Accidental death insurance: Also known as accidental death and dismemberment insurance, or AD&D, this coverage pays you or a beneficiary a benefit if you are in an accident that results in your being killed or dismembered.
  • Annuities: An annuity is a type of insurance that either pays income after your initial investment (immediate annuity) or accumulates income (deferred annuity). Either of these types of annuities can be fixed (guaranteed) or assigned a variable rate that pays out based on the policy’s associated investments. Life insurance companies typically offer annuities to help people  obtain a stable income during retirement.
  • Critical Illness Insurance: While not a life insurance policy, critical illness insurance is often available through life insurance companies. You might buy critical illness insurance (or CI) if you have a family history of heart disease or cancer in order to ensure that you have the financial resources to pay for your care if you are diagnosed with a severe illness.
  • No exam life insurance: This is life insurance coverage that some companies offer without requiring a medical exam first. Typically, this option will be more expensive because without submitting the results of a medical exam to the insurance company, you are an unknown and potentially greater risk.
  • Term life insurance: This is a life insurance policy that provides a death benefit only. Your annual premiums are locked in for a set term, such as 10 or 20 years. In the event that you pass away during this period, a death benefit is paid to your beneficiaries.
  • Permanent life insurance: This is a long-term policy, such as universal life insurance or whole life insurance, that includes an investment component and can cover retirement expenses in addition to providing a death benefit.
  • Universal life insurance: A permanent life insurance policy with a “liquid” account that accrues cash value, as well as interest, with each premium you pay. You can take out loans as needed for unexpected expenses or opportunities, such as a home purchase. You also can pay more than the scheduled premium, or take breaks from paying premiums.
  • Whole life insurance: Whole life is a permanent policy with an investment component that provides for your financial needs similarly to universal life insurance, but without the liquidity of the funds. This life insurance policy accrues a cash value and pays out at the end of the policy, if it is kept current.

Finding the Right Life Insurance for You

Life insurance causes more confusion for people than perhaps any other type of insurance, partly because there are several different types of life insurance products, and partly because the best life insurance is unique to each individual. Should you buy term life or permanent life insurance? Do you need a broker or can you get life insurance from an agency? Should you buy life insurance coverage online or is that too risky?
While you can buy online life insurance, it may be difficult to know what you are getting and whether it will adequately meet your family’s needs. Buying life insurance is a very personal decision. You may want a policy that builds cash value over time, or you may simply want to purchase coverage that will provide a death benefit if you should pass away within a specific term.
Depending upon the ages of your children and how long it is until they graduate from college, a 10-year, 20-year or 30-year life insurance term policy might be appropriate for you. Or, you may need life insurance to cover only your final expenses. These choices are individual, and for this reason it is smart to consult with a knowledgeable life insurance agent.

How an Independent Agent Can Help Find the Best Life Insurance

We are your LOCAL Trusted Choice Advisors, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com ,  SALES AND SERVICE AGENTS: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Tracy Arnold, Brittany Jones, Denise Russell, Melissa Moran, Alex Treutel, Anne Gillam, Ashlie Moody, Mark Strickland, and Whitney Zimmerman Webb at SouthGroup Gulf Coast. You can reach us by snail-mail or in person: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: info@southgroupgulfcoast.com, phone: 228-466-4498 fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel ! 

We have 2 Gulf Coast locations to serve you - 2505 Pass Road - Biloxi and 412 Hwy 90 Suite 6-Bay Saint Louis, MS. We write coverage in 40 different states and can assist you with Mississippi insurance, Louisiana insurance, and Alabama insurance and many other states.



Insurance is stressful, but we make saving easy.  We help you save money on insurance!
#trustedchoice #southgroup @southgroup   @stateauto  @libertymutual @TRV_insurance @safecoinsurance @progressive #savemoney @atreutel

Thursday, April 23, 2020

A Little Time at Home - Helpful Spring Cleaning Tips during the COVID quarantine

We have all benefited and gone stir-crazy during this COVID stay-at-home time, so let's put our remaining energy to good use to make our homes better!

Cleaning and organization around the house are very popular this time of year. If you’re ready to tackle that monumental chore, read on for some helpful information. (And if you’re so tidy and organized throughout the year that spring cleaning isn’t a big chore for you, well, keep that to yourself! Unless you want your friends and neighbors to be jealous, that is.)

For the exterior:

+Trim back any overgrown foliage and cut back any tree limbs overhanging or touching your roof by at least 3 feet.  Limbs striking the home can cause damage to the roof and your home and allow for water penetration and insect intrusion.

+ Eliminate any debris in the yard which is unsightly and may become a liability hazard should someone trip and fall.  Also fill any holes in the yard which may cause someone to stumble and become injured.

+ Repair and damaged or rotten areas on the home or outbuildings and pressure wash any nasty green mold you may see.

For the interior:

+Take it one room at a time. Deciding to clean or organize your entire home can quickly get overwhelming. If you focus on just one area or room, then move to another only when you’re finished, you’ll likely work more efficiently.

+Follow the six-month rule. Generally, if you haven’t used something in six months (with the exception of seasonal items), it’s a good idea to consider throwing it away or donating it.

+Don’t forget the kitchen. Just like other rooms, your kitchen likely has things that haven’t been used in some time — and this includes food in the refrigerator or freezer. Give those appliances a thorough cleaning and get rid of anything you won’t be eating.

+Set yourself up for success. Paper clutter is something we all could probably cut back on pretty easily. Setting up a few recycling bins throughout the house gives you a convenient alternative to just setting that old magazine or paperwork down somewhere and watching the pile grow.

+Stay safe. When you’re cleaning or maintaining your home, be mindful of the physical risks involved. Lift with your leg muscles, not your back. Avoid prolonged repetitive motions. Use ladders, lawnmowers and other dangerous tools with caution.

Contact Us!

We are your LOCAL Trusted Choice Advisors, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com ,  SALES AND SERVICE AGENTS: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Brittany Jones, Tracy Arnold, Denise Russell, Melissa Moran, Alex Treutel, Anne Gillam, Ashlie Moody, Mark Strickland, and Whitney Zimmerman at SouthGroup Gulf Coast. You can reach us by snail-mail or in person: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: info@southgroupgulfcoast.com, phone: 228-466-4498 fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel ! 

We have Gulf Coast locations to serve you - 2505 Pass Road - Biloxi, 5400 Indian Hill-Diamondhead, and 412 Hwy 90 Suite 6-Bay Saint Louis, MS. We write coverage in 40 different states and can assist you with Mississippi insurance, Louisiana insurance, and Alabama insurance and many other states.




Insurance is stressful, but we make saving easy.  We help you save money on insurance!
#trustedchoice #southgroup
#southgroup   @stateauto  @libertymutual @TRV_insurance @safecoinsurance @progressive #savemoney @atreutel

Wednesday, April 22, 2020

COVID Getting Back to Business Using Risk Management

We are all getting excited about getting back to business, but none of us wants to have to deal with another bad situation, so there are some important risk management steps we can take to bring our businesses alive again in the safest possible manner.  There are several really good implementation ideas in this article from our HR Partner (www.myhrconcierge.com)

Start by Conducting a Risk Assessment to identify hazards and high-risk areas such as breakrooms or other places where people may gather and if there is possible exposure while staff is performing their duties.  Identify any high-risk individuals that need to be afforded extra protections.  Then evaluate the likelihood of infections and how you will deal with the situation.  Think of your worst case scenario.

Following your Assessment, work on a plan to control your risk by avoiding it altogether if possible, or taking preventive action to control it. 

The Center for Disease Control and Prevention (CDC) and OSHA provide guidance on workplace controls to consider.  Alternating work schedules may be helpful in reducing exposure and continuing social distancing.  Use of masks and gloves and good hygiene are recommended, in addition to changing air filters frequently.  Host meetings virtually and discourage hand shaking.

Become knowledgeable of the symptoms of illness and take proactive measures to confidentially handle the situation by expressing sympathy because there will be a lot of fear, and then have the individual identify any others they have encountered in the past 14 days who may also be exposed and will now need to be isolated, and then direct the employee with symptoms to seek medical attention.

Frequent environmental cleaning to sanitize your facility is recommended including cleaning and disinfecting any surfaces or devices touched by humans – keyboards, doorknobs, light stitches, desks, etc.

Our world will be changed and we will all be more cautious, but we can work together to get back to business!

To help you through the maze of coverages, carriers, premiums, and find ways to save money on your insurance, if you are on the Gulf Coast, contact your Trusted Choice agent, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com/ , SERVICE TEAM: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Denise Russell, Melissa Moran, Alex Treutel,  Anne Gillam, Ashlie Moody, Mark Strickland, Johnny Walton, Tracy Arnold  and Whitney Zimmerman Webb at SouthGroup Gulf Coast. You can reach us by snail-mail: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: atreutel@southgroup.net , phone or text:228-466-4498 or 228-385-1177, fax:888-415-8922, FaceBook www.facebook.com/southgroup.gulfcoast , or Twitter www.twitter.com/atreutel ! 

We offer the following Lines of Coverage: Workers Compensation, Auto, Home, Life, Health, Disability, Motorcycle, Boat, Wind, Flood, Commercial Property, General Liability, Directors and Officers Liability, Bonds, Group and Individual Life/Health/Dental/Disability/ Vision/Long Term Care, Business Owners, Builders Risk, Commercial Crime, Errors and Omissions, Dwelling Fire, Commercial Flood, Group Accident, Garage Dealers, Inland Marine, Law Enforcement Liability, Pollution Liability, Professional Liability, Personal Umbrella, Commercial Fire, Commercial Umbrella, Excess Flood, Identity Theft, more…

We serve Mississippi, Louisiana, Alabama, and many other states. We specialize in coastal exposures.
Insurance is stressful, but we make saving easy.  We help you save money on insurance!
#trustedchoice #southgroup
#southgroup   @stateauto  @libertymutual @TRV_insurance @safecoinsurance @progressive #savemoney @atreutel

Thursday, January 2, 2020

It's a New Year!! Top 6 Reasons To Review Your Insurance Policies!

It's a brand new year filled with resolutions of things we all plan to do to better our lives this year. We think about our diet, our lifestyle and our habits for starters, but who thinks about their insurance?

Like any good and necessary financial review, looking over your insurance policies is equally important and here's the top 6 reasons why you should!

1) Changes to your property could make a difference in the event of a claim!
Have you added a room to your home? Changed the style of roofing material from shingle to tile?
Added a workshop to your property? There are so many simple changes you can make to your
property that are more significant than you realize when it comes to making a claim. If you spend
$10,000 on an addition but failed to inform your insurer to increase your coverage then face a total
loss later on, that addition will not be included in your claim pay out and can cause problems by
delaying the claim processing. This is just one example of many ways these types of changes can affect your policy.  When reviewing your insurance with your 
Trusted Choice Advisor, be sure to mention any updates you've made to your home regardless of how significant you think they are!

2) Lifestyle changes can create a demand for more or less insurance coverage.
Do you have any new household members? Did someone move in or out? These things may affect your coverage needs. Employment changes, driving distances, and so much more may cause you to need to make important changes to your coverages. In some cases marriages, safer jobs, installing a security system and so much more can be beneficial to your insurance and reduce your rate. Make a list of changes in your life to review with your 
Trusted Choice insurance agent today. 

3) You could have too much or too little coverage?
Most people purchase an insurance policy when they first purchase their home, but never review
the policy again after years of ownership. Changes in market values, building supply costs, changes to your home design or even the contents of your home are just a few items that need to be discussed with your insurance agent on a regular basis. Does your home or wind or flood policy provide an inflation guard?  Are your coverages consistent on all of your policies?   Your 
Trusted Choice insurance advisor can tell you after reviewing this information if you have the right amount of coverage for your protection. In some cases you may even have more coverage than necessary, causing you additional expense that you don't need.

Unlike your home policy, however, when you first purchase an auto policy it's usually for a new car
and the value of the car decreases over time. Also, the way you use your vehicle may change over
time. Are you traveling more or less? Are you using your car for business? Is anyone new driving
your car or has a driver previously listed left your household? These are just a few questions to
consider when reviewing your auto insurance policy with your 
Trusted Choice Agent

4) You may be too complacent
Your life and surroundings are constantly changing, but you've had your faith for years now that your insurance will automatically do what you need it to do. Without your input or updates, your policy will remain as it was written years ago, but that may not be suited for you. Have you become complacent? Are you forgetting something? You may not even realize you are, but sitting down with your 
Trusted Choice insurance agent may spark your memory! 

5) Your business may not be accurately protected
In Business, owners are very focused on day-to-day activities, and small business changes could effect insurance rates. For example, new equipment for your business may have been purchased or new insurance products and services are now available. Have your sales increased significantly? You may need to adjust your coverage.  Have you downsized in some way? This could result in a premium reduction. If you have made any changes during the year, be sure to discuss these with your 
Trusted Choice Advisor. 

6) When your child goes away to college, what will YOU learn?
As the primary purchaser of your child’s belongings, you are truly aware of the value, so protecting your child’s possessions against loss is a financial priority. Is your child taking a vehicle to school? This is an important consideration as it can have an impact on your auto premium. Planning ahead will help make sure your child is properly insured while away at college. Having the right coverage in place could save you money in the long run.


We're just scratching the surface here! 

Make a list of your questions to bring to your insurance review. Remember no question is foolish. We are licensed Trusted Choice agents with training and education in the industry, and we don't expect our clients to fully understand the ins & outs of insurance, but we are eager to share our knowledge with you. "Do I need extended coverage for my valuables?" "Is my landscaping covered?" "Do I qualify for any discounts?" "Has the rating of my insurance company changed since my policy was written?" These are just a few examples of important questions you need answers to.

Schedule your appointment at one of our convenient locations today. We are looking forward to your review!

Your Trusted Choice Insurance Agent stands ready to assist you. We help you through the maze of insurance coverages, carriers, and premiums, and we find the best personal and business coverage for you at affordable rates. We help you save money on insurance --- and we save you time!  And remember, when it comes to insurance, one size does not fit all.

To help you through the maze of coverages, carriers, premiums, and find ways to save money on your insurance, if you are on the Gulf Coast, contact your Trusted Choice agent, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com/ , SERVICE TEAM: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Denise Russell, Melissa Moran, Alex Treutel,  Anne Gillam, Ashlie Moody, Mark Strickland, Johnny Walton, Tracy Arnold  and Whitney Zimmerman Webb at SouthGroup Gulf Coast. You can reach us by snail-mail: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: atreutel@southgroup.net , phone or text:228-466-4498 or 228-385-1177, fax:888-415-8922, FaceBook www.facebook.com/southgroup.gulfcoast , or Twitter www.twitter.com/atreutel ! 

We offer the following Lines of Coverage: Workers Compensation, Auto, Home, Life, Health, Disability, Motorcycle, Boat, Wind, Flood, Commercial Property, General Liability, Directors and Officers Liability, Bonds, Group and Individual Life/Health/Dental/Disability/ Vision/Long Term Care, Business Owners, Builders Risk, Commercial Crime, Errors and Omissions, Dwelling Fire, Commercial Flood, Group Accident, Garage Dealers, Inland Marine, Law Enforcement Liability, Pollution Liability, Professional Liability, Personal Umbrella, Commercial Fire, Commercial Umbrella, Excess Flood, Identity Theft, more…

We serve Mississippi, Louisiana, Alabama, and many other states. We specialize in coastal exposures.
Insurance is stressful, but we make saving easy.  We help you save money on insurance!
#trustedchoice #southgroup
#southgroup   @stateauto  @libertymutual @TRV_insurance @safecoinsurance @progressive #savemoney @atreutel

Monday, December 2, 2019

Home Insurance Terminology for Dummies - Fun Definitions YOU Need to Know!

Insurance companies provide coverage for your home and possessions based on either their actual cash value or their replacement cost. Actual cash value home insurance policies provide coverage for what your home is worth at the time of loss. Replacement cost policies will reimburse you for what it would cost to rebuild your home using all of the same materials at today’s prices.

It is important to remember that your home’s replacement cost is not the same as its market value, or how much you could sell it for. A home’s replacement cost for insurance purposes is based on a number of variables that determine what it would cost to rebuild your home with similar materials at today’s costs. The variables that make up your home’s replacement cost will fluctuate over time, so the number is not set in stone. You will need to review your policy at least annually to make sure that your replacement cost figure is keeping up with the times.

How should you determine your home’s proper replacement cost? Your insurance company will likely ask you a series of questions about your home and your responses will be plugged into a model that determines its replacement cost. Your job is to have some idea of whether or not the figure is accurate so you can be assured that your home is properly protected or that you are not over-insured. Consider talking to some home builders in your area as well as visiting some home improvement stores to help figure out what it would cost to replace your home’s interior and exterior finishes (including labor) at today’s prices. Together we can make sure that your home is properly insured and its replacement cost is accurate.

Don’t forget to evaluate your personal property coverage as well. Personal property coverage in a homeowners insurance policy typically starts out at a percentage of your home’s dwelling coverage, but if you feel you need more coverage because of certain valuable items, don’t be afraid to increase your personal property coverage limit or add special riders or endorsements to protect your valuables. Preparing a home inventory is extremely helpful in determining if you have sufficient coverage for the contents of your home.

Once you have settled on a replacement cost figure, remember that it will need to be re-evaluated every year to account for changes in building materials and labor as they fluctuate over time. We will work closely with you to determine the replacement cost of your home and belongings, and we can help you with auto insurance, personal umbrella insurance and any other personal insurance needs that you may have.

Have you reviewed your homeowners insurance policy lately? Are you satisfied that your replacement cost figure is accurate? Do you need to upgrade your actual cash value policy to a replacement cost policy?

Home Insurance Policy - Terms Defined
http://www.rmiia.org/homeowners/Walking_Through_Your_Policy/Glossary.asp  

Actual Cash Value
The cost of repairing or replacing damaged property with property of the same kind and quality, less depreciation (i.e., in the same physical condition as the original property prior to damage).
Additional Coverages
Extra coverage that can be purchased to provide protection above and beyond that provided in the homeowners policy (e.g., a higher amount of coverage against the theft of jewelry). When such additional coverage is purchased, it becomes an Endorsement or Rider to the original policy.
Additional Living Expense
The part of homeowners insurance that provides reimbursement for motel rooms, meals and other expenses when loss of property by a covered peril forces you to maintain temporary residence elsewhere. Also called loss of use coverage.
Adjuster
An insurance company representative who seeks to determine the extent of the insurer's liability for loss when a claim is submitted.
Agency
An insurance sales office that is directed by a general agent, manager. independent agent or company manager.
Agent
A person licensed by a state insurance department who solicits, negotiates or effects insurance contracts on behalf of one or more insurers.
Captive Agent
An agent who sells insurance for one company.
Catastrophe
To insurers, a catastrophe is a single incident, or series of related incidents, causing insured property losses totaling more than $25 million. Insurance actuaries calculate the probability of catastrophic loss on a state-by-state basis, using a formula based on the total number of catastrophes in each state over a 40-year period. This catastrophe factor, calculated annually, is included in the price of insurance.
Claim
A demand made by an insured, or an insured's beneficiary, for payment of benefits provided by an insurance policy.
Condominium Owners Insurance
Though similar in personal property and liability coverage to homeowners insurance, structurally the condo owner's policy is from the "walls in" and does not cover the building itself.
Coverage
The scope of protection provided under an insurance contract.
Depreciation
A decrease in the value of property over a period of time resulting from use, obsolescence or wear and tear.
Dwelling Policy
Though similar in personal property and structural coverage to a homeowners policy, a dwelling policy excludes liability coverage.
Emergency Measures
Those repairs or other actions taken to protect the insured and the insured's property from further loss when damaged or destroyed by a covered peril.
Endorsement
An attachment to an insurance policy that amends and alters the coverage provided in the policy. Also called a Rider.
Exclusion
Specific situations, conditions or circumstances that are listed in the insurance policy as not being covered.
Floater
Property insurance for items that are moved from location to location, covering losses wherever they occur. It is typically bought to cover jewelry, furs and other items whose full value may not be covered in standard homeowners policies.
Homeowners Insurance
A "package" policy providing coverage against property and liability perils facing homeowners.
Independent Agent
An agent who represents more than one insurer.
Insurance
A formal device for reducing the chance of loss by transferring the risks of several individual entities to insurance companies.
Insurance Commissioner
The head of a state's insurance regulatory agency. Also known as the Director or the Superintendent in some states.
Insurance Fraud
Intentional lying or concealment by policyholders to obtain payment of an insurance claim that would otherwise not be paid.
Insured
The party covered by an insurance arrangement, to whom an insurer agrees to indemnify for losses, provide benefits or render services.
Liability
Individual responsibility for causing, through negligence, injury to another person or damage to another person's property. Also called Personal Liability.
Liability Insurance
Insurance that pays and renders services on behalf of a policyholder who is unintentionally, but legally responsible for bodily injury or property damage that is caused to another person and covered in the policy.
Loss of Use
Market Value
The price for which something would sell under current market conditions.
Ordinance or Law Exclusion
Homeowners policies may exclude situations where repair or replacement of damaged property must be done in conformance with building codes requiring upgraded materials. A standard homeowners policy may cover only the cost of replacing or repairing with the original grade of materials. The difference in cost between the old materials and the new materials required by ordinance or law is excluded or limited, unless the homeowner has purchased additional coverage.
Package Policy
A single insurance policy that combines several coverages available separately. For example, homeowners insurance is a package policy, combining property, liability and theft coverages.
Peril
A property insurance term referring to the possible cause of loss such as a fire or a windstorm.
Personal Liability
See Liability.
Personal Property
All tangible property not classified as real property.
Policy
A written contract for insurance between the insurance company and the policyholder, stating which perils and damages are covered and which are not.
Premium
The amount of money an insurance company charges, based on a given rate, to provide the coverage described in the policy, or, simply stated, the price of insurance protection for a specified risk for a specified period of time. Typical homeowners insurance premiums are charged annually.
Property Coverages
Insurance that covers damage to or loss of the policyholder's property.
Rates
The cost of a unit of insurance as determined by insurance companies and state regulators. The rate serves as the basis for the premium.
Real Property
Land and most things attached to the land such as buildings and vegetation.
Regulation
Insurance is a state-regulated business. State insurance laws are administered by insurance departments, whose job includes approval of rates and policy forms, investigation of company practices, review of annual financial statements, periodic examination of books and liquidation of insolvent insurers.
Renters Insurance
A form of homeowners insurance offering coverage for personal property and liability, but excluding real property.
Replacement Value
The cost of replacing property without deducting for depreciation.
Rider
Risk
This word has two meanings for insurers: (1) the chance of loss, such as from a peril; and (2) the person or entity that is insured by a policy.
Underwriter
A company representative who reviews applications for insurance coverage to ensure that they are acceptable and appropriately priced.


Your Trusted Choice Insurance Agent, SouthGroup Insurance Gulf Coast wants you to know you can call on us with your questions or concerns seeking more helpful advice or answers to your pressing insurance questions. A full insurance review is always your best bet to make sure you have all of the adequate coverage for your personal insurance needs. Remember, we offer a personalized insurance review to anyone who is interested at no charge – just visit any one of our 3 convenient coastal locations!

To help you through the maze of coverages, carriers, premiums, and find ways to save money on your insurance, if you are on the Gulf Coast, contact your Trusted Choice agent, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com/ , SERVICE TEAM: Angelyn Treutel, Tammy Garfield, Tammy Hogue, Denise Russell, Melissa Moran, Alex Treutel,  Anne Gillam, Ashlie Moody, and Whitney Zimmerman Webb at SouthGroup Gulf Coast. You can reach us by snail-mail: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: atreutel@southgroup.net , phone or text:228-466-4498 or 228-385-1177, fax:888-415-8922, FaceBook www.facebook.com/southgroup.gulfcoast , or Twitter www.twitter.com/atreutel ! We now have Gulf Coast locations to serve you - 2505 Pass Road - Biloxi and 412 Hwy 90 Ste 6-Bay Saint Louis, MS.

We offer the following Lines of Coverage: Workers Compensation, Auto, Home, Life, Health, Disability, Motorcycle, Boat, Wind, Flood, Commercial Property, General Liability, Directors and Officers Liability, Bonds, Group and Individual Life/Health/Dental/Disability/ Vision/Long Term Care, Business Owners, Builders Risk, Commercial Crime, Errors and Omissions, Dwelling Fire, Commercial Flood, Group Accident, Garage Dealers, Inland Marine, Law Enforcement Liability, Pollution Liability, Professional Liability, Personal Umbrella, Commercial Fire, Commercial Umbrella, Excess Flood, Identity Theft, more…

We serve Mississippi, Louisiana, Alabama, and many other states. We specialize in coastal exposures.
Insurance is stressful, but we make saving easy.  We help you save money on insurance!
#trustedchoice #southgroup
#southgroup   @stateauto  @libertymutual @TRV_insurance @safecoinsurance @progressive #savemoney @atreutel

Friday, November 1, 2019

You Could Lose Everything - Even If You Rent You Need Good Insurance!

An apartment building burned to the ground recently.  So tragic.  Almost 100 people are now without a home and have lost all of their possessions.  Hopefully, the impacted people had insurance.

When you don’t own your home, you may not think about insurance.  That’s your landlord’s problem, right? Wrong! Your landlord is probably insuring their asset, which is the structure you are renting from him(her), but not your property inside. Your contents are your responsibility to insure. Also, in most cases, you are the liable party if someone is injured at your rented residence. Another myth about renter’s insurance is that is costly and coasts as much as homeowner’s insurance. Wrong again! The average renter’s fire policy ranges from $30-50 per month.  And if you think about it, it’s something you can’t afford NOT to have!

Why do you need renter’s insurance? Kitchen fires cause damage…dangerous damage!! Think you’re too good of a cook to worry about that, think again – about your neighbors! One wall away there could be a bad cook, and in moments your home could be on fire because of that bad cooking! Notice water dripping from the light fixture above your head while you’re brushing your teeth? Perhaps the neighbor above you let their tub overflow! What items of yours are damaged because of this!?!? Of course, you may have the greatest neighbors around, or perhaps you’re renting a house and not sharing your walls with the careless person next door. That helps! Now you just have to worry about weather threats, burglary or the crazy chance that you may have a fire or water damage without having a bad neighbor to blame.

In other words, bad things happen to responsible people every day.  Renters Insurance can protect you from the terrible incidents described above and more! Coverage for clothing, furniture, appliances, and computers is an important part of why you should have this insurance.  Also, in today’s litigious society, you need to be protected in the event you find yourself legally responsible for someone who may have been injured while at your residence.  A renter’s insurance policy can offer you that kind of protection at a very reasonable price.
Take a few moments to do a quick inventory of your belongings.  Don’t do it in your mind, but physically go around and list the items you possess.  Every fork, every sock, every DVD and everything in between.  Can you afford to replace all of this yourself? Many people don’t realize how quickly this adds up.  The average renter has $50,000 in personal belongings at stake.

Now consider your valuable items such as your fine jewelry, art, collectibles and even your car.  In other words, consider your assets. At this point you may be thinking how would a renter’s insurance policy protect my car? That’s a great question.  Renter’s insurance doesn’t protect your car from collisions or comprehensive claims, but it does protect your assets in the event a liability claim is raised against you.  For example, a door to door salesman comes to your residence on a rainy day and slips on your wet doorstep causing an injury.  He decides to sue you for medical expenses.  Is this your landlord’s problem or is it your problem? You didn’t have a proper rug in place to prevent slips, you didn’t dry the step after a hard rain to prevent slips, you could be the at fault party in such a law suit.  Can you afford to pay his $30,000 in medical bills? You may not have that kind of cash on hand, but your assets could add up to that much. So, with renter’s insurance, the question is not do you need the coverage but how much coverage do you need!

Here we just addressed a few questions about renter’s insurance, but we know you have more questions! At SouthGroup Insurance Services, we have several Trusted Choice Agents on staff ready to answer your questions.  An insurance review takes only a few moments and could save you thousands of dollars.  Make a list of your questions along with your inventory and visit one of our 3 coastal locations today.  It’s always the right time to think again and play it safe!

Your Trusted Choice Insurance Agent stands ready to assist you. We help you through the maze of insurance coverages, carriers, and premiums, and we find the best personal and business coverage for you at affordable rates. We help you save money on insurance --- and we save you time!  And remember, when it comes to insurance, one size does not fit all.



We are your LOCAL Trusted Choice Advisors, SouthGroup-Gulf Coast http://www.southgroupgulfcoast.com / ,
SALES AND SERVICE AGENTS: Angelyn Treutel Zeringue, Tammy Garfield, Tammy Hogue, Brittany Jones, Wendy Johnson, Denise Russell, Melissa Moran, Alex Treutel, Susan Monti, Anne Gillam, Ashlie Moody, Michael Reso and Whitney Zimmerman at SouthGroup Gulf Coast. You can reach us by snail-mail or in person: 412 Hwy 90, Suite 6, Bay St Louis MS 39520, email: 
atreutel@southgroup.net , phone:228-466-4498 begin_of_the_skype_highlighting 228-466-4498 FREE  end_of_the_skype_highlighting, fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel !



We have Gulf Coast locations to serve you - 2505 Pass Road - and 412 Hwy 90 Ste 6-Bay Saint Louis, MS. We write coverage in 40 different states and can assist you with Mississippi insurance, Louisiana insurance, and Alabama insurance and many other states.






We offer the following Lines of Coverage: Workers Compensation, Auto, Home, Life, Health, Disability, Motorcycle, Boat, Wind, Flood, Commercial Property, General Liability, Directors and Officers Liability, Bonds, Group and Individual Life/Health/Dental/Disability/ Vision/Long Term Care, Business Owners, Builders Risk, Commercial Crime, Errors and Omissions, Dwelling Fire, Commercial Flood, Group Accident, Garage Dealers, Inland Marine, Law Enforcement Liability, Pollution Liability, Professional Liability, Personal Umbrella, Commercial Fire, Commercial Umbrella, Excess Flood, Identity Theft, more…

We serve Mississippi, Louisiana, Alabama, and many other states. We specialize in coastal exposures.
Insurance is stressful, but we make saving easy.  We help you save money on insurance!
#trustedchoice #southgroup
#southgroup   @stateauto  @libertymutual @TRV_insurance @safecoinsurance @progressive #savemoney @atreutel