Simply Explaining Insurance

One thing insurance companies care greatly about is who was at fault or who is liable.  This comes into play in almost all types of claims, especially auto insurance claims.    This podcast helps explains how fault is determined.  I also discuss what steps you should take if you are in an accident on a […] The post Simply Explaining Insurance #60- Who’s at Fault? appeared first on Dietz Agency.

If you run a business, lease space and did a buildout, there is a specific way to make sure that buildout is covered.  It all comes down to how it is dictated in the lease. If you did a buildout, who owns the buildout?  It depends.  The lease SHOULD tell you if the buildout is […] The post Simply Explaining Insurance # 59- Tenants Improvements and Betterments appeared first on Dietz Agency.

I have had clients call me and ask if there is coverage on their homeowner policy if the water line going INTO their house springs a leak.  Unfortunatly, the answer is almost always no.  Your homeowners policy will cover damage done by water, from a sudden and unexpected release of water from a closed water […] The post Simply Explaining Insurance #58 – Water Main Break appeared first on Dietz Agency.

.I have had some uncomfortable conversations with some clients regarding their life insurance.  It has come from clients I have absorbed over time from other agencies. These clients weren’t counseled properly on how to fund their permanent life insurance policy. Permanent life policies are a different animal and they require a small amount of constant […] The post Simply Explaining Insurance #57- The #1 Life insurance mistake appeared first on Dietz Agency.

If you own a camper or a trailer, it’s important to make sure you have it covered properly.  There are a few ways you can do this.  With my company, you can add it directly to an auto on your auto policy and add comprehensive or collision coverage to the camper or trailer.  OR if […] The post Simply Explaining Insurance #56- Campers and Trailers appeared first on Dietz Agency.

When you purchase a new homeowners insurance policy, it is common for the insurance company to come out and take a lap around the outside of your house and inspect it.  Why do they do this?  To see if there are any existing issues that might lead to future claims.  If they see certain things, […] The post Simply Explaining Insurance #55- Home Inspections appeared first on Dietz Agency.

Should you carry a commercial auto insurance policy?  This is a question you should ask yourself if you are self employed, or if you own a business. A regular personal lines auto policy is there for an average daily use vehicle.  It is for people who commute to and from work, run errands, take the […] The post Simply Explaining Insurance #54- Commercial auto insurance? appeared first on Dietz Agency.

This is an area where business owners have some confusion.  How to handle workers compensation when you hire a 1099 subcontractor.  There has to be workers comp in force whenever you are exchanging money for labor. Employers can hire workers as an employee, or as a subcontractor. I would encourage you to consult an accountant […] The post Simply Explaining Insurance #53- Workers comp and subcontractors appeared first on Dietz Agency.

Slow leaks in a home are the worst.  They generally not covered on most homeowners policies.  Water is covered from when the loss is “sudden and unexpected” like a burst pipe.  Things that are generally not covered are wear and tear and neglect. As houses age, things break down.  It is the obligation of the […] The post Simply Explaining Insurance #52- Slow Leaks appeared first on Dietz Agency.

It’s important to have coverage for your stuff.  Whether it is your personal property in your home, or your equipment for your business.  I encourage everyone to evaluate their coverage amount and at the same time, make sure that coverage is there for you if you need it off your premises. On a personal lines […] The post Simply Explaining Insurance #51- Off Premises Property appeared first on Dietz Agency.

Most people understand why it is important to keep your auto insurance in force.  It’s the law.  That doesn’t scare 1 out of 7 people out there who are driving around uninsured.  What you may not know, is there is a financial consequence to having a gap in your auto insurance. People who have gaps […] The post Simply Explaining Insurance #50. Prior Insurance appeared first on Dietz Agency.

There are two coverages inside of a commercial auto policies that you need to be aware of. Hired and non-owned auto will protect your business if you and/or your employees are in an accident. Hired auto will cover you if you are renting a car for business.  The liability from your policy will transfer over […] The post Simply Explaining Insurance #49. Hired and Non owned Auto appeared first on Dietz Agency.

Workers compensation is a need for any company that has W2 employees.  It is a policy to protect your employees if they are injured on the job.  The pricing on a workers compensation policy can be confusing at first, but it’s really pretty simple when it is explained. There is your payroll, your industry rate, […] The post Simply Explaining Insurance #48 Saving on Workers Compensation appeared first on Dietz Agency.

What if you as a business owner are accused of something by an employee or ex employee for something that you didn’t do?  What if you are accused of sexual harassment? Or wrongful termination? Or discrimination? What if this disgruntled employee hires a lawyer? According to a 2015 Hiscox study, 1 in 5 businesses of […] The post How to protect you and your business if you are accused of sexual harassment. appeared first on Dietz Agency.

Did you know statistically 1 out of every 8 drivers is uninsured?  There is a coverage called uninsured motorists that is available on your auto policy, but did you know that covers your medical bills?  What about your car?  How is that covered?  What if you have liability only on your vehicle? The answers lie […] The post You were just hit by an uninsured motorist. Who pays for the repairs on your car? appeared first on Dietz Agency.

When you write an auto policy with an insurance carrier, the insurance company insures the vehicle for blue book value.  If you make any additions to the vehicle, it’s important to let your insurance company know in order to make sure everything is covered. For example, if you add a cover to your truck.  It’s […] The post Is your entire truck covered on your auto policy? appeared first on Dietz Agency.

Let’s say you just bought a spanking brand new car.  It has all the new tech, all the bells and whistles and as your seat is warming up and you are figuring out how play a song on your radio, you rear end someone and total it. You walk away unscathed other than your pride […] The post Add gap insurance to your auto policy to save. appeared first on Dietz Agency.

This topic many don’t know about and many will not care about.  BUT, I have had a number of conversations in my agency over the past year revolving around this topic so it was time to chat about it. What are OEM parts?  OEM stands for Original Equipment Manufacturer.  This is an endorsement you can […] The post Simply Explaining Insurance- OEM Parts appeared first on Dietz Agency.

I sat down with a friend recently so that she could share the story of the most difficult time of her life.  Lisa lost her husband after a brutal bout of cancer.  Dan was 49 years old. Dan did a beautiful for Lisa years before.  He purchased a life insurance plan for her and it […] The post “It gave me the time to grieve” appeared first on Dietz Agency.

There can be some confusion sometimes between what constitutes “full coverage” auto insurance and liability only.  What full coverage means, is that you have liability AND coverage to repair your vehicle in the event of an at fault claim. Other coverages are available on an auto policy, but they are optional and don’t automatically come […] The post The auto insurance coverage you are paying for, but may not need. appeared first on Dietz Agency.