A Little Secret the Insurance Industry Doesn’t Want You To Know!
We understand insurance may not be the most exciting topic but trust us, what we are about to show you can save you countless amounts of dollars from this point into the indefinite future.
How It All Works
Major insurance providers like Geico, State Farm and AllState are battling daily to be the company who can provide you coverage. Once you become their customer, you would assume loyalty would be rewarded but the opposite happens, they end up charging you more—and that is NOT ok!
Annual Changes To Your Policy Is Your Best Protection.
If you were to deal directly with a specific insurance provider, the provider can only offer you the best option they have. When shopping with Sanders Insurance, we seek out coverage from all the major insurance providers and match you with the best current deal—not just what we’re claiming is the best deal. We do this annually so every year we can ensure you’re getting the best rates and coverage possible, always.
They do not reward loyalty, but Sanders Insurance does!
A specific marketing and sales strategy these companies use to attract new customers is use introductory offers to capture your attention and influence your buying decisions. We all know how this tale ends, you sign up for a great offer and then a year from now, you don’t even notice you’re paying 30% more! On top of that, you don’t even want to think about it because insurance is boring and you have better things to do. This is how the major insurance providers win in the long term.
Sanders Insurance Flipped the Script!
Whomever has the best rates currently, may not have the best rates and coverage a year from now. Our secret sauce is we can guarantee one of our providers will have the best rates and coverage since we offer all of them.
Our process is simple and this is what sets Sanders Insurance apart from all of the other agencies. We are not forcing buying decisions on you with only what we have to offer. You should be rewarded for your loyalty and offering you the current best coverage and rates annually is how we do it.
How Much Home Insurance Do I Need?
When it comes to choosing the right insurance for your home, we understand the process can be overwhelming and we're here to help you out!
If reading is not your thing, here is a great breakdown of how insurance works by the Concerning Reality YouTube Channel.
How Much Home Insurance Do I Need?
If you put away an extra $200 each month instead of buying home insurance, you will have an extra $2,400 at the end of the year.
Now imagine if your house burned down the following year, sure you have your $2,400 saved up but what if your house cost $150,000.
Would that be a risk you’re willing to take?
Why is Homeowners Insurance needed?
You don't want to invest all your money on a property only to have it destroyed or ruined in a fire.
Homeowners insurance is the basic type of insurance policy covering the principal and interest on your home, as well as damage to it. With a proper policy, you will be able to protect your property from losses and be financially prepared if the unthinkable happens.
How do I choose a Home Insurance company?
One of the many benefits to working with Sanders Insurance is we do all of the hard work for you. We’re partnered with the industry leaders for home insurance and can match you with a policy which works best for you and the variables of your life.
Which Home Owners Insurance Policy is best?
When buying home insurance, your homeowner's policy should cover all of your possessions, including your house and belongings.
Ultimately, we're not here to tell you what to buy, but rather help you choose the right policy. Because of the wide range of home insurance options and the massive price differences between some providers, we know how to guide you towards choosing the best policy specifically for you.
Be Prepared Because Cyber Attacks Are Increasing!
Most of us do not realize how vulnerable we are to a cyber attack because we assume we are safe. Out of sight, out of mind is how most people treat their personal network security and as we move deeper into our technological future, cyber attacks will become increasingly more complex. And without proper preparation, we will find ourselves increasingly more vulnerable to these attacks.
A recent major cyber attack took place where the Colonial Pipeline where the CEO had to pay out a $5 Million ransom, these scenarios prove the necessity for proper preparation.
Christopher Painter (in the video below) was a coordinator for cyber issues at the State Department under President Barack Obama. He discusses the ransomware attack against Colonial Pipeline Co. and more.
WHAT IS A CYBER ATTACK?
These are malicious attempts when someone is trying to access and/or damage your computer and/or network system.
Cyberattacks can lead to loss of money, theft of personal, financial and medical information that can damage your reputation and safety.
THOUGHT EXPERIMENT
Tonight before you go to bed, leave your front door wide open with the light on.
How well would you sleep? Would you feel safe?
WHAT IS AT RISK?
A hacker or someone with devious intentions gaining access to:
personal computers
mobile phones
gaming systems
IOT (internet of things) and bluetooth connected devices
Block access and delete personal information and accounts
Damage your financial security
Identity theft
Tarnish your reputation
Cause problems with employment
HOW TO PREVENT A CYBER ATTACK
Limit the amount of personal information you share on the internet
Do not share location access unless necessary
Create complex passwords and/or use a password manager
Use two-factor authentication
Learn how to recognize suspicious activity
Use encrypted internet communications
Check account statements regularly
Back up files in an encrypted file or file storage device
Change WiFi password regularly
Even with prevention, you are giving yourself the best chance possible to stay safe but you are still susceptible to a cyber attack. We offer specialized insurance policies to keep you protected if you’re information is compromised.
IF YOU EXPERIENCE A CYBER ATTACK
Change passwords immediately
Check your credit card statement for unrecognized charges
Check your credit reports to see if there are any accounts or loans you did not open
Disconnect devices not in use from the internet
Make sure software is updated to newest version
WHAT TO DO AFTER A CYBER ATTACK
File a report with the Office of the Inspector General (OIG)
File a complaint with the FBI Internet Crime Complaint Center (IC3)
File a report with the local police so there is an official record of the incident.
Report identity theft to the Federal Trade Commission
Contact the Federal Trade Commission (FTC) at ftc.gov/complaint if you receive messages from anyone claiming to be a government agent.
Contact additional agencies depending on what information was stolen. Examples include contacting:
the Social Security Administration (800-269- 0271) if your social security number was compromised, or
the Department of Motor Vehicles if your driver's license or car registration has been stolen.
Report online crime or fraud to your local United States Secret Service (USSS) Electronic Crimes Task Force or the Internet Crime Complaint Center.
We hope this information helps and we want you to know prevention is the key. We are here to help and answer any questions you have.
Inflation is Here and It Is Affecting Everyone’s Insurance!
What is Inflation and Why Does it Matter?
The Bureau of Labor Statistics measures inflation as the percentage change in the Consumer Price Index (CPI). The CPI is a measure of the "costs that consumers pay for all goods and services purchased by the households from domestic producers" and is used to calculate changes in the cost of living for Americans.
This will affect everyone. Inflation in April accelerated at its fastest pace in more than 12 years as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.
As the world begins to reopen and people reintegrate into their normal activities, we are faced with a lot of uncertainty about the future. Businesses which were closed a year ago are reopening this year and we are seeing increases across the board for all goods and services. This is not a good thing and we do not even really know what is happening yet.
Of course all the printing of money brings fears of Hyperinflation. This is a doomsday scenario for modern economies throughout the last century. In all of these failed countries (Zimbabwe, Venezuela, Hungary, Yugoslavia, etc.) there have been uniform warning signs, the same signs that we are starting to see today in the U.S.
Economic downturns are unfortunate realities and fear continues to build as we do not exactly understand what the effects of this past year will be. All we know is that we are already seeing prices skyrocket throughout different sectors.
@sandersinsurance Building costs are through the roof. ##replacementcost ##lumberprice ##constructiontips ##constructioncost
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With building costs on the rise, an insurance policy already in effect prior to the economy experiencing the rapid inflation of building materials will not cover you in the event of a total loss.
If we have not reviewed your policy recently, reach out to us and let’s schedule time to make sure you are fully insured.
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With Building Costs on the Rise, How Well Are You Protected?
The real estate market is in a frenzy like we’ve never seen before. Houses are selling on the same day for 30-40% over asking price with multiple cash offers.
This is great for anyone who is selling a house but there’s a harsh reality we’re trying to protect our clients from.
Here is the Situation
Developers cannot keep up with demand because lumber prices are up nearly 200% year over year.
Most insurance plans only have a 4% inflation guard.
Last year prices rose 20% followed by another 20% this year (and still continuing to rise.)
EXAMPLE:
Hypothetically, let’s say you were building a 200 sq ft deck this summer.
In April of 2020, the materials for the deck would have cost $936.
As of April of 2021, the same materials for that deck now cost $3696!
Why is this Important?
In the event of a total loss or significant damages, your current policy may not cover the full inflated costs of materials.
If you have a $200,000 house, your current policy with a 4% inflation guard will not cover today’s prices with inflated costs of building materials.
We do not want our customers facing unnecessary issues in an already difficult time so we’re urging you to schedule time to speak with one of our agents to review your policies so we can make sure you’re fully protected.
$10 gift card for you, $10 gift card for them!
Help your friends and family save money with Sanders Insurance!