Do you know what is covered in a covered water loss on a homeowners policy? If you assumed that whatever the water damages is covered, you would be correct (genereally). But what about the burst pipe? Is that covered? That is what I discuss with myself in this episode of Simply Explaining Insurance. LINKS My […] The post Simply Explaining Insurance #153- Plumbing Coverage appeared first on Dietz Agency ....
Insurance professionals and mortgage lenders work very closely together. This episode walks you through one of the small hiccups we have to deal with from time to time. Sometimes the lenders ask us to insure the home for the value of the loan. Sometimes that means we are overinsuring the house because the insurance doesn’t […] The post Simply Explaining Insurance #152- Working with Mortgage Lenders appeared first on Dietz Agency ....
In this episode of Simply Explaining Insurance I talk about if your auto insurance policy covers a car when you use Turo. Turo is an app based car sharing program. You can actually rent your car to others using this service. It’s very similar to Air BnB, but for cars. LINKS My Website Agency Launch […] The post Simply Explaining Insurance #151- Turo appeared first on Dietz Agency ....
This episode contains a strategy to help lower your cost of life insurance. You can buy two policies at the same time. One term and one permament. If funded properly, the permanent policy will become an asset and the cash inside of it, could be greater than the total expense of both life insurance policies. […] The post Simply Explaining Insurance #150- Save $$ by buying more appeared first on Dietz Agency ....
There is an exciting development in the world of life insurance underwrting with my company. We aren’t requiring paramed exams for people aged 18-55 who are applying for $300,000 or less of life insurance. I never thought I would see the day. It seems with the access we have to enough data coupled with the […] The post Simply Explaining Insurance #149- No more paramed exams appeared first on Dietz Agency ....
An insurance review is something I would recommend everyone do every other year or so. Your life changes and your insurance needs to change with you. Today I did a review with a client and we may have uncovered $900 that we are going to attempt to get back in their pocket due to a […] The post Simply Explaining Insurance #148- The Review Process appeared first on Dietz Agency ....
September is life insurance awareness month. My industry generally does a poor job of educating the public about any of our products, including life insurance. This episode is just real talk about an important product. LINKS My Website Agency Launch training. Agency Launch Podcast. Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on […] The post Simply Explaining Insurnce #147- Life Insurance Awareness Month appeared first on Dietz Agency ....
This episode is about water leak detection systems. These have become much more advanced and affordable over the past few years. If you can avoid a water claim in your house, you want to do this. A water loss is very disruptive not only financially, but from a time standpoint. It can take 2-6 weeks […] The post Simply Explaining Insurance #146- Water Leak Detection appeared first on Dietz Agency ....
This episode explains why we need the info we need, to do an accurate auto quote and why we can’t guess what a premium might be. Links My Website Agency Launch training. Agency Launch Podcast. Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On […] The post Simply Explaining Insurance #145- Info needed for an auto insurance quote appeared first on Dietz Agency ....
This episode is about Goat Vs. Car. Links My Website Agency Launch training. Agency Launch Podcast. Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #144- The Goat appeared first on Dietz Agency ....
I had a conversation with a prospect who has some life insurance in force and wants to move her policies over to my agency. This has to be done properly and sometimes the best advice is to leave it as is. I walk you thorough my questions and thought process when presented with an opportunity […] The post Simply Explaining Insurance #143- Life insurance strategy appeared first on Dietz Agency ....
When you take any sort of loan out for a home or a car, it’s up to you the client, to make sure it’s insured properly. It’s buried deep in the paperwork that you sign. Also buried in the contract, is the right for the bank to insure it properly if you don’t. They will […] The post Simply Explaining Insurance #142- Forced Placed Insurance appeared first on Dietz Agency ....
There is an important coverage in your homeowners or rental policy called personal property. This essentially covers all your “stuff”. Everything you would take with you if you moved. There are some details about this coverage that are important to understand. I cover those details in this simple 5 minutes podcast. Links My Website Music […] The post Simply Explaining Insurance #141- Personal Property Coverage appeared first on Dietz Agency ....
This episode covers everything you need to do get the best auto insurance premium by utilizing all of the discounts available. Some discounts you may not be aware of. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and […] The post Simply Explaining Insurance #140- How to get the best auto insurance rate appeared first on Dietz Agency ....
This podcast explains how the uninsured and underinsured endorsement works on an umbrella policy. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #139- Uninsured and Underinsured Motorists on an Umbrella Policy appeared first on Dietz Agency ....
I had the opportunity to be interviewed by Phil Lafleur and Salvatore Scradato. Phil and Salvatore are consultants to professionals in the insurance industry and they wanted to pick my brain about what it is like being an agency owner. A few of the topics discussed: What is it like helping a small business owner […] The post Simply Explaining Insurance #138- Interview about being an agency owner appeared first on Dietz Agency ....
I was recently asked by an insured how to increase their life insurance coverage. This episode explains this simple process to achieve this. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #137- Increasing Life Insurance Coverage appeared first on Dietz Agency ....
This episode describes how to cover a condo unit properly on an insurance policy. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #136- Condo Unit Coverage appeared first on Dietz Agency ....
There is a little known secret about liability insurance. I mean your liability on your auto, your home, your business, etc. It is VERY VERY VERY VERY inexpensive to increase it once the policy is written. Example. To go from $300,000 to $500,000 on your homeowners policy, may only cost $6 a YEAR! Links My […] The post Simply Explaining Insurance #135 – Increase Your Liability appeared first on Dietz Agency ....
This podcast episode covers employee dishonesty coverage and how it works on a business owner’s policy. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #134 – Employee Dishonesty appeared first on Dietz Agency ....
Dog bites are generally covered on your homeowners or renters policies but there are some things you need to know. Some companies have breed restrictions and there are some details that are important to know. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. […] The post Simply Explaining Insurance #133- Dog Bites appeared first on Dietz Agency ....
In this episode I explain how mold is, and is not covered on your homeowners policy. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #132- Limited Mold coverage appeared first on Dietz Agency ....
Deductibles on your insurance shouldn’t be some arbitrary number. A deductible should be defined as, “The most money you are comfortably able to risk in order to self insure.” Some coverage inside of policies can have different deductibles. There are different coverages inside of policies and it’s important to know what deductibles come with what […] The post Simply Explaining Insurance #131- Commercial Deductibles appeared first on Dietz Agency ....
This episode is part 2 of a 2 part interview I had with my new friend Seth Preus. Part 1 can be found on the None of my Business Podcast. Seth has owned an insurance agency since about 2005, is an entrepreneur, and founded a company called Mivation to help motive insurance agents to sell […] The post Simply Explaining Insurance #130- Seth Preus appeared first on Dietz Agency ....
This is a very special episode for me. I had an opportunity to sit down with an industry giant, a 35 year expert in the field of insurance, an award winning agency owner, consultant, speaker, author, my friend and mentor Troy Korsgaden. This episode is actually part two of a series and you can find […] The post Simply Explaining Insurance- #129 Troy Korsgaden appeared first on Dietz Agency ....
Life insurance premiums are based on a mix of 3 things. Your age, your current state of health and your immediate family history. While I don’t get to determine what your rate is, I am going to do my best to figure it out. We have 8-10 different rates for these policies. An average rate, […] The post Simply Explaining Insurance #128- Underwriting Life Insurance appeared first on Dietz Agency ....
We continue to live in strange times. 90% of the country is not going out. Businesses are closed, cars are in garages and some industries are doing what they can to help out. The insurance industry’s response to all of this has been positive. This last week, almost every major carrier has come up with […] The post Simply Explaining Insurance #127- Insurance Industry response to the Quarantine appeared first on Dietz Agency ....
Well, I finally have my earthquake story. We had one yesterday here in Idaho and I swear the first thing I thought of was about insurance. It wasn’t that bad but it wasn’t one that you had to question, “Was that an earthquake?” It measured 6.5 on the Richter scale and its epicenter was about […] The post Simply Explaining Insurance #126- Earthquake! appeared first on Dietz Agency ....
This pandemic sure is giving me an opportunity to field some new questions. The latest question is, “Does workers comp cover anything if I have an employee test positive for Covid-19? Would it cover any of the testing for other employees that they may have come in contact with?” Unfortunately, the answer to both of […] The post Simply Explaining Insurance #125- Covid-19 and Workers Comp appeared first on Dietz Agency ....
Updated thoughts and information on business income and coronavirus. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #124- Coronavirus appeared first on Dietz Agency ....
