What Insurance Do You Need In Your 20's?

Life moves quickly... you wake up and you are out on your own.  You are making your own decisions and embracing life.  You have a new job and are making major purchase decisions.  Do you need insurance for your protection?  Maybe yes, and maybe no --- here are some things you need to know to make an informed decision, courtesy of www.InsureUonline.org. 

Buying a New Car?  You will definitely need insurance, but the rate varies based on the make and model of vehicle.  Before you make your final decision, check with your Trusted Choice agent to find out which of your favorite models is the least expensive to insure.  Also ask about discounts and credits you can apply to your policy for good grades, safe driving record, and more.

Getting a New Apartment?  Insurance is highly recommended and is very inexpensive.  Liability coverage will protect you from property damage or injuries if something bad happens on your property.  Contents coverage protects your furniture and electronics in the event of a fire or theft.  Check with your Trusted Choice Agent for options.

Hunting For A New Job?  At every age, health insurance is highly recommended.  The cost is less when you are young, and will protect you in the event of an unfortunate accident.  Ask your employer what is offered, and take advantage of wellness programs.  If your employer does not provide the coverage, discuss with your Trusted Insurance Advisor.

Walking Down the Aisle?  Many things change when you combine households.  Combining auto policies may even save you money.  You will want to be sure that your new beautiful ring is covered too!

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, 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@southgropugulfcoast.com , phone: 228-466-4498 fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel !

We have 3 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

Repetitive Loss properties and the National Flood Insurance Program

Excerpts from www.FEMA.gov https://www.fema.gov/txt/rebuild/repetitive_loss_faqs.txt

 

Repetitive loss property is any insurable building for which two or more claims of more than $1,000 were paid by the National Flood Insurance Program (NFIP) within any rolling ten-year period. Currently there are over 122,000 RL properties nationwide.

 

Repetitive losses are the biggest drain on the FEMA Insurance program. FEMA has paid billions of dollars in claims for RL properties.  RL properties not only increase the NFIP’s annual losses and the need for borrowing; but they drain funds needed to prepare for catastrophic events. 

 

Community leaders and residents are also concerned with the RL problem because residents' lives are disrupted and may be threatened by the continual flooding.

 

The primary objective of the RL properties strategy is to eliminate or reduce the damage to property and the disruption to life caused by repeated flooding of the same properties.

 

Over the years, there have been a number of efforts aimed at addressing repetitive losses.  Federal, State and local flood control and storm-water management projects have been aimed at reducing the risks.  The FEMA post-disaster Hazard Mitigation Grant Program (HMGP) projects have mitigated nearly 3,000 RL properties.  In 1994, the National Flood Insurance Reform Act authorized the Flood Mitigation Assistance (FMA) Program and a new insurance coverage called Increased Cost of Compliance, or “ICC.” 

 

The Special Direct Facility (SDF) was established in an effort to closely supervise the issuance of policies and the claims process for NFIP policies in force on TGRL properties.  NFIP policies on Target Group properties are rated and adjusted in the same manner as non-Target Group policies but are monitored at the SDF. 

 

Flood insurance premiums will not increase merely because a property is on the RL list.  However, if an offer to mitigate is made and the owner refuses the offer, the premium will increase 150 percent of the chargeable rate for the property at the time that the offer was made, as adjusted by any other premium adjustments otherwise applicable to the property.  Increases may continue with each claim but will not exceed the actuarial rate for the property. 

 

When documentation is received that verifies acceptable mitigation of an RL structure the record, the record becomes a mitigated RL property and, although it remains as part of the historical record, it is no longer considered a repetitive loss property.  It will no longer be required to be insured at the SDF, and the policy then will be transferred from the SDF to the WYO Company that previously serviced the policy.

 

Depending on individual circumstances, appropriate mitigation measures commonly include:

        -elevating buildings above the level of the base flood,

        -demolishing buildings,

        -removing buildings from the Special Flood Hazard Area (SFHA) as part of a flood control project,

        -local drainage-improvement project that meets NFIP standards and removes a property or properties from RL or RLTG status.

 

Mitigation is the cornerstone of emergency management. It is the ongoing effort to lessen the impact disasters have on people and property.  FEMA currently has three mitigation grant programs: the Hazards Mitigation Grant Program (HGMP), the Pre-Disaster Mitigation program (PDM), and the Flood Mitigation Assistance (FMA) program.  Detailed information on these three programs and other related programs is available on the internet at

http://www.fema.gov/fima/mitgrant.shtm.

 

Increased Cost of Compliance (ICC) funds for substantially damaged structures covered by flood insurance can also be used to mitigate RL structures.  More

information on ICC is available at http://www.fema.gov/nfip/icc.shtm

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! 

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, 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@southgropugulfcoast.com , phone: 228-466-4498 fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel !

We have 3 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

Starting a New Business? Insurance Tips for You!

Blood, sweat, and tears go into a new business startup.  You have enough to worry about with establishing your corporate structure, your accounting system, your location, your office layout, your stock, your inventory, and more --- but you also need to protect your investment -- and you need HELP!

This is where a good Trusted Choice Insurance Adviser comes in (www.southgroupgulfcoast.com).  Your Independent Insurance Agent will conduct a through Risk Assessment and will offer suggestions for mitigating or eliminating your risks.  If the risks cannot be eliminated, your Trusted Adviser will provide you with options to insure your exposure.

Forbes (www.forbes.com) provided a good outline of some coverages you will want to consider for protecting your assets and your investment.

1) General Liability Insurance - provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party
2) Property Insurance -  provides building, and business personal property, including office equipment, computers, inventory or tools protection from fire, vandalism, theft, smoke damage etc.  You may also want to consider business interruption/loss of earnings insurance coverage to protect your earnings if the business is unable to operate.
3) Business Owner's Policy - Often, BOP’s will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance- and you can tailor it to your specific needs.
4) Commercial Auto Insurance - protects a company’s vehicles and vehicles that carry employees, products or equipment.
5) Worker's Compensation -  provides wage replacement and medical benefits payments to employees who are injured on the job.
6) Professional Liability Insurance -  provides defense and damages for failure to or improperly rendering professional services, and is critical for any professionals such as lawyers, accountants, consultants, agents, and any profession providing services.
7) Directors and Officers Insurance - protects the directors and officers of a company against their actions that affect the profitability or operations of the company.
8) Data Breach Coverage -  provides protection in the event of data loss of sensitive or non-public information and all of the compliance requirements and legal action necessary following a breach.
9) Homeowner's Insurance - protect against damage to your home and against damage to items inside the home, and protects you for accidents for which you are deemed personally liable.
10) Renter's Insurance - protects against damage to the physical property, contents of the property, and personal injury within the rented dwelling.
11) Life Insurance - provides funds to your family or beneficiary in the event of your death.
12) Personal Automobile Insurance - protects against both physical damage and bodily injury resulting from a crash, and also any liability that might rise from the collision.
13) Personal Umbrella Insurance -  an extension to an already existing insurance policy and covers beyond the regular policies.

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! 

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, 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@southgropugulfcoast.com , phone: 228-466-4498 fax:888-415-8922,  FaceBook www.facebook.com/southgroup.gulfcoast, or Twitter www.twitter.com/atreutel !

We have 3 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