Why is my dwelling coverage so much? I didn’t even pay that much for my house.

When I evaluate your protection program, to be honest, I really don’t care how much you paid for your house.  I mean I do, but I don’t, because if your house was damaged my goal is to make sure there is enough coverage for you to rebuild it the way it was before it was damaged.  Your homeowners policy should have the proper coverages and be updated at least every other year because building cost change.

The easiest way I can explain it is if you think about how close the fire department is.  Now lets say your house catches on fire, what are the odds that the fire department won’t get there in time to put the fire out?  Whats going to happen?  Most of the time, they are going to be able to put the fire out, but that is just the damage from the fire.  If you have ever been around a fire, you will probably notice that the smoke causes just as much damage, not to mention the water damage from the fire hoses.

It is a simple fact that the cheapest way to build something is from scratch, however if you are unlucky enough to experience a fire in your house or business, it will cost you much much more to cover the clean up of the smoke and water damage than the actual fire itself.

So if you happen to experience a situation like this, there is a really good chance that the clean up and fix it costs could run higher than what you paid for your house.

This is just one type of situation that could cause your repair bills to exceed the price you paid for your house, and there are many others.  So the message of the story, is to make sure you review your coverages with an educated professional that can explain what is going on.

Each company uses a slightly different evaluation method, so get an idea from a few different companies and make sure you are covered to your actual replacement cost.

To my prior farmers clients, I am sorry that I did not get a chance to let you know that I would no longer be able to serve your Farmers policies.  It was my choice, I did not get fired!

Why did I go independent?

For the past year or so, I started feeling stuck.  There were many clients that I wanted to work with, but with the limited products and options that I had available to me through Farmers, the coverage was either too expensive, or I could not even provide the options that my clients were needing.  These were people that I personally wante to work with, but couldn’t because of my situation.   Therefore I made a decision to terminate my contract and find an opportunity where I could decide who I wanted to work with not who the company wanted.

At that time, I left and went fully independent, which is what my health and medicare supplement clients had benefited from.  I had many companies to choose from and finally got away from the “stick everyone in this same box” mode.

Needless to say, it has been much easier to find a solution that works for my clients with the options I have available to me now.  I now have over 100 life insurance companies to find a solution from, over 20 auto and or home companies, around 10 health insurance companies, over 20 medicare supplement companies and around 20 companies who provide commercial insurance.

I am happy to say that I am back to being an advisor and not a salesman.  I can now find a solution!