Are you familiar with Employment Practices Liability Insurance (EPLI)? If not, you’re in the right place! Today, we’re breaking down everything you need to know about this essential coverage and why it matters for your business.
So, What Exactly is EPLI Insurance?
Think of EPLI insurance as your business’s safety net against employment-related claims. You know, those tricky situations like discrimination, harassment, wrongful termination, and more. It offers protection for your company when faced with legal challenges related to how you manage your employees.
Here’s Why You Need It:
Protection from Lawsuits: If an employee files a claim against your business for discrimination, harassment, or wrongful termination, EPLI insurance has your back. It helps cover legal costs, settlements, and even defense expenses, saving you from potential financial headaches.
Peace of Mind: Running a business is stressful enough without worrying about potential lawsuits. With EPLI insurance, you can breathe easier knowing you have a plan in place to handle employment-related issues.
Attract and Retain Talent: A business that takes care of its employees is a magnet for top talent. By having EPLI coverage, you show your commitment to creating a fair and safe workplace, which can help you attract and retain skilled workers.
Protect Your Reputation: We all know how important reputation is in business. EPLI insurance helps you manage employment disputes discreetly, preserving your company’s good name in the eyes of customers, partners, and employees.
How Does It Work?
Getting EPLI coverage is pretty straightforward. You work with an insurance provider (like us!) to customize a policy that fits your business needs. Then, if a claim arises, you notify your insurer, and they’ll guide you through the process, handling the legal stuff so you can focus on running your business.
Ready to Get Started?
If you’re interested in learning more about EPLI insurance and how it can benefit your business, get in touch with us today! We are here to help you navigate the world of insurance and find the right coverage for your needs.
You’re driving on New Circle Road or downtown Lexington and you hit a pothole, a manhole cover, or something similar on the roadway.
BAM! Your car sustains subsequent damage; do you have any recourse with the Department of Transportation? Should you file a claim on your auto insurance for the damage to your tire/wheel/rim?
There are mechanisms in place to protect drivers from the potential negligence of government entities. In Kentucky, the Board of Claims helps to ensure that individuals who have suffered damages due to such negligence receive a thorough and impartial review of their claims.
It’s essential to understand the process when considering filing a claim with the Board of Claims. Anyone who believes they have suffered damages can initiate the process, seeking restitution. Whether it’s property damage, personal injury, or financial loss, the Board is here to provide a platform for resolution. This also applies to damage caused by the roads.
It’s also important to note that the Board of Claims considers various factors when evaluating a claim, including any compensation received from other sources, such as private insurance. This practice helps to ensure fairness and prevent double recovery for the same damages.
For those who may need assistance navigating the application process or require a paper copy of the claim form, reach out to the Board’s office at 502-782-8255 for support and guidance throughout the process. You can also check out their website at www.kyc.ky.gov.
However, if you arenât successful going down this path, contact your insurance agent to discuss the coverage you may have on your policy to help with the damage. You may also be served by paying for the damages out of pocket. Check with your agent to find the right solution for you.
At Castle Insurance, we’re all about helping you navigate the complexities of business risks with confidence. If you’re running a business, you know that having the right insurance coverage is crucial. Let’s dive into the basics – General Liability Insurance â your ultimate safety net!
What’s Covered:
Bodily Injury Liability: Picture this: You’re hosting a bustling event, and someone takes a spill. No sweat! General Liability Insurance steps in to cover those medical bills and legal fees if someone gets injured on your premises. Another great example is a slip and fall on your business premises.
Property Damage Liability: Workers from a snow removal company make a mistake with a snowplow, damaging a parked vehicle. Or perhaps your delivery personnel, installers, or handymen working within a clientâs home accidentally knock over and break an antique item. Oops! Your insurance has your back, handling the costs to fix or replace whatever got damaged.
Advertising Injury: Ever worry about rubbing someone the wrong way with your marketing? Fear not! General Liability Insurance covers sticky situations like defamation claims or copyright issues â it’s all included for most types of businesses!
What’s Not Covered:
Professional Liability: We all make mistakes, but when it comes to professional errors, General Liability Insurance won’t cover you. If your services lead to a mishap, consider Professional Liability Insurance for that extra layer of protection. If your industry requires a license or certification, you need this type of coverage.
Employee Injuries: Your team is your backbone, but if they get injured on the job, General Liability Insurance won’t foot the bill. That’s where Workers’ Comp Insurance comes in handy, ensuring your employees are taken care of.
Intentional Acts: Keep it cool, stay ethical, and avoid intentional harm. If things go south and you’re found to have caused harm deliberately, your insurance might not come to the rescue. Just be a good person and good business owner.
With General Liability Insurance on your side, you can tackle business challenges with peace of mind. and focus on what you do best.
by RaeAnna Barstow on September 20, 2023 (Erie Insurance)
Looking for ways to save money on your insurance? You may be eligible for valuable discounts on your auto policy. We want to make sure youâre getting the best value for your dollar based on the coverage you and your family need.
Thatâs where a coverage review with your agent comes in. Are you driving less? Or are you adding more drivers? These are just a few things that can make you eligible for savings. Take a look at the list below to see if you might be eligible for any of these discounts1 (and then talk to your ERIE agent).
Find out if ERIE is right for you. A local agent will be in touch.
Your Window to Savings
Less is More. If youâre a claims-free driver and have the record to prove it, check out ERIEâs Diminishing Deductible2option available in the ERIE Auto PlusÂź endorsement.
Lock in Your Rate. Avoid insurance rate increases, even after a claim, with ERIE Rate LockÂź.3 Your rates wonât change until you make certain changes to your auto insurance policy, like adding or removing a driver or changing your primary residence.
Everyone Deserves a Break. With First Accident Forgiveness, you wonât be penalized and get a surcharge the first time youâre at fault in an accident after youâve been an ERIE Customer for three or more years.4
Customize for Your Needs. The higher your deductible, the lower your premium can be. You can adjust your deductible to fit your specific needs and budget (keep in mind some lenders stipulate how high a deductible can go).
The More the Merrier. If you insure multiple cars or have multiple policies with ERIE, there could be discounts available. Talk to your ERIE agent.
On the Road AgainâŠor Not. If you plan to store your vehicle for 90 consecutive days or more, ERIE offers a reduced usage discount in most states.
Simply Say Safety. You may be able to save if your car has safety equipment like factory-installed air bags, anti-theft devices and anti-lock brakes (anti-lock discount not available in Kentucky).
Just Once. How about if you want to pay your annual premium (premium is just a fancy word for the price of insurance) in one lump sum? Thereâs a discount for paying in full up front.
Young Drivers. Unmarried drivers under 21 who reside with their parents may be eligible for additional savings on their car insurance.5
Savings Are Just a Conversation Away
Every penny counts â we get that! And thatâs why we want to ensure you’re getting the best value for every dollar spent on your insurance. If you have questions regarding specific discounts or would like to see different pricing options, we encourage you to talk to your ERIE agent. After all, who doesnât like to save a little money?
Savings percentages are over individually purchased policies when combined with life and/or personal catastrophe liability coverage policies. Discounts subject to eligibility criteria and rates and rules in effect at the time of purchase. See individual policies for specific coverage details. Certain terms and limitations may apply. Refer to our disclaimer for more information.
2Coverage must be purchased to be added to an auto policy. The deductible is reduced by $100 for each claims-free year that this policy has been in force, beginning with the first policy renewal period after this endorsement was added, up to a maximum reduction of $500. In New York, comprehensive deductible cannot be reduced to less than $50 and collision deductible cannot be reduced to less than $100.
3Rates subject to change if you add or remove a vehicle, add or remove a driver, or change your address or the location where an insured vehicle is principally parked. ERIE Rate LockÂź does not guarantee continued insurance coverage. Not available in all states and referred to as ErieSelect in Maryland. Limited to three years in Virginia. Insured must meet applicable underwriting guidelines. Premium may change if you make a policy change. Refer to our disclaimer for more information.
4Available after policyholder has been insured with ERIE for three years and has been accident free for those first three years. Available immediately in North Carolina. In New York, First Accident Forgiveness is available immediately with ERIE RateProtectSM policy but applies to first paid claim, except for Roadside Service claim. Not available if Rate Protection Endorsement is chosen.
In today’s challenging economic climate, saving money wherever you can is more important than ever. Homeowners are facing rising costs for everything from groceries to gasoline, and home insurance is no exception. The good news is that there are still ways to save on your home insurance even in a hard market.
In this blog post, we’ll explore some smart strategies to help you keep your home insurance costs in check.
Shop Around for the Best Rates: Don’t settle for the first insurance quote you receive. Insurance rates can vary significantly between providers, so it pays to shop around and compare prices. Use online tools and resources to get multiple quotes and see which insurer offers the best value for your specific needs.
Bundle Your Policies: Many insurance companies offer discounts to customers who bundle their home and auto insurance policies with them. Bundling can save you a substantial amount of money, so it’s worth exploring this option with your current insurer or when seeking new coverage.
Raise Your Deductible: Increasing your deductible can lower your insurance premium. Just be sure that you have enough savings set aside to cover the higher deductible in case you need to make a claim. A higher deductible can make sense for those who are financially prepared for unexpected expenses.
Improve Home Security: Making your home more secure can lead to lower insurance premiums. Installing burglar alarms, smoke detectors, deadbolt locks, and even a home security system can reduce the risk of damage or theft, making your home a safer bet for insurers.
Maintain Good Credit: Believe it or not, your credit score can impact your home insurance rates. Insurers often use credit scores to gauge your level of financial responsibility. Maintaining a good credit score can help you secure lower insurance premiums.
Review and Update Your Policy Annually: Don’t just set it and forget it when it comes to your home insurance policy. Life changes, and so do your coverage needs. Review your policy annually to ensure it aligns with your current circumstances and make adjustments as necessary.
Ask About Discounts: Many insurers offer various discounts that you may not be aware of. These can include senior discounts, military discounts, or even discounts for certain professions. Don’t hesitate to ask your insurer about potential discounts that you may qualify for.
In a hard market, saving money on home insurance may require a bit more effort, but it’s entirely possible with the right strategies. By taking these steps and exploring your options, you can secure the coverage you need without breaking the bank.
Remember that every homeowner’s situation is unique, so finding the best savings strategy for your specific circumstances is key to protecting your home and your wallet.
In our fast-paced lives, it’s easy to overlook the importance of organizing our final documents, passwords, will, and other essential information. Humans don’t like thinking of their own mortality.
However, taking the time to gather and secure these vital assets is an act of profound responsibility and care for ourselves and our loved ones. In our agency, we have had several clients pass away in 2023 and have been working with their families to assist with making changes to insurance policies, cancelling coverage, and other pertinent details. This made me think about setting things up at my house for my family, to help them with concrete ways to facilitate my end of life. I hope I’m here for a very long time, but in just in case, I want to have everything organized and ready. Peace of mind for them and a smooth transition is very important to me.
Organizing your final documents empowers you to take control of your affairs, even beyond your lifetime. By compiling and maintaining a comprehensive record of your important information, you ensure that your wishes are known and respected. This includes your will, insurance policies, medical directives, and any other legally significant documents. Here are some proactive steps that grant you the power to shape your legacy and ensures that your desires are carried out precisely as you intended.
Losing a loved one is an emotionally challenging time, and navigating through their affairs can add unnecessary stress and complications. By organizing your final documents, you alleviate the burden on your family and friends, sparing them from the arduous task of searching for vital information and guessing your intentions. Your thoughtfulness will provide them with a roadmap to handle your affairs efficiently, allowing them to focus on healing and cherishing your memory. You don’t want your family to be fighting about the details or leave them unclear on how to carry out your wished.
Having all your final documents in order ensures that financial matters are dealt with swiftly and accurately. By centralizing information about your bank accounts, investments, debts, and assets, you enable your loved ones to handle your financial affairs effectively. This organization can save your family from potential legal and financial complexities that may arise due to inadequate documentation. It’s a responsible step that enables your beneficiaries to access the resources they need promptly. Put everything in a box or file folder that is easy for loved ones to find.
In today’s digital age, it’s equally important to consider the security of your digital presence. Compile a list of your online accounts, passwords, and important digital assets. Consider using a password manager or secure digital vault to store this sensitive information. By taking these precautions, you protect your digital legacy, prevent unauthorized access to your accounts, and simplify the process of digital asset management for your loved ones.
Organizing your medical information and directives is vital to ensure that your healthcare wishes are honored. Compile a document that includes your medical history, any existing conditions or allergies, and instructions regarding medical interventions or treatments. Share this information with your healthcare providers and loved ones. By doing so, you ensure that your health-related preferences are respected, particularly if you become unable to communicate or make decisions independently.
Taking the time to organize your final documents, passwords, will, and other essential information is an act of love and consideration for yourself and your loved ones. Don’t delay any longerâstart organizing your final documents today to secure a better tomorrow for yourself and those you care about. Find the professionals to help and spend a few dollars if needed!
Hey there, insurance seekers! Today, we’re diving into the marvelous world of independent insurance agents (like yours truly).
These unsung heroes of the insurance industry possess powers and quirks that make them a cut above the rest, especially when compared to their captive counterparts. So buckle up and prepare for a wild ride through the world of independent insurance agents!
The Power of Choice:
Picture this: You’re stranded on an insurance island, surrounded by a sea of policies. But fear not! Your trusty independent insurance agent swoops in like a superhero, armed with an impressive array of insurance options. Unlike captive agents (like State Farm or Kentucky Farm Bureau for example) who are confined to a single insurance company, these independent daredevils have the power to compare and contrast policies from multiple carriers. They’ll help you navigate the murky waters of insurance jargon, ensuring you find the perfect policy at the right price.
A Sense of Adventure:
If you’ve ever had the pleasure of interacting with an independent insurance agent, you know they’re far from boring. These daring individuals inject excitement and humor into the world of insurance. Who knew discussing policy deductibles could be so entertaining? With their infectious enthusiasm and quick wit, they’ll have you laughing your way to coverage like never before. Or at least feeling like you have some options!
The Sherlock Holmes of Policies:
Ever feel like finding the right insurance policy is akin to solving a mind-bending puzzle? That’s where your friendly neighborhood independent insurance agent comes in! They possess an uncanny ability to investigate your unique needs and tailor a policy just for you. Armed with their magnifying glass and a vast knowledge of the insurance landscape, they’ll uncover every nook and cranny of your coverage requirements. With their trusty deductive reasoning and penchant for detail, you’ll feel like you have an insurance detective on your side.
Personal Connection Experts:
One of the greatest assets of independent insurance agents is their ability to forge genuine connections with their clients. They don’t see you as just another policyholder; they see you as a unique individual with hopes, dreams, and a few quirks of your own. These charming agents take the time to understand your personal circumstances, enabling them to provide personalized advice and recommendations. Plus, they’re always up for a friendly chat, ensuring your insurance interactions are as enjoyable as they can be.
Your Insurance Sidekick:
Superheroes often have sidekicks who help them in their quests, and the same goes for independent insurance agents. Their sidekick? Unbiased advice! These heroes are not beholden to any specific insurance company, so you can rest assured that their recommendations are based solely on your best interests. It’s like having a trusty sidekick who always has your back, ensuring you get the coverage you need without any ulterior motives.
So, the next time you’re on the hunt for insurance, remember that independent insurance agents are here to save the day with their superpowers of choice, adventure, investigation, personal connection, and unbiased advice. They’re the heroes you never knew you needed, armed with knowledge to make your insurance journey a delightfully memorable one. Well, as delightful as insurance can be!
Until next time, insurance enthusiasts, stay covered and keep smiling!
When it comes to purchasing insurance, there are two types of agents you can work with – independent insurance agents and captive agents. While both types of agents can help you find the coverage you need, there are some key differences between the two that can affect your insurance experience. We’ll explore the differences between independent insurance agents and captive agents and explain why choosing an independent agent can be a positive choice for you.
Captive agents are agents who work exclusively for one insurance company. They can only offer you policies from that company, which means you may not have access to other options that could better fit your needs or budget. Captive agents often receive training and support from the insurance company they work for, which can help them provide a consistent experience to customers. However, their ability to offer customized solutions is often limited. Think of State Farm or Allstate in this category.
On the other hand, independent insurance agents work with multiple insurance companies. They can provide you with a range of policy options from different carriers, giving you more flexibility and choice. Independent agents are not beholden to any one company, which means they can recommend policies based solely on what’s best for you. This can be particularly useful if you have unique coverage needs or a challenging claims history. Independent agents are also often better equipped to find discounts and cost-saving options because of their access to multiple carriers.
Another benefit of working with an independent agent is that they can provide more personalized service. Since they are not working for a specific company, they are free to focus on building long-term relationships with their clients. This means they can take the time to understand your individual needs, answer your questions, and provide ongoing support.
Kris Castle
All insurance agents are also licensed and regulated by the state, which means they must adhere to strict ethical and professional standards.
While both independent and captive agents can help you find the coverage you need, I think there are distinct advantages to working with an independent agent. That’s not surprising, is it? Independent agents offer more choice, personalized service, and objective advice. They can also help you save money and provide peace of mind. So, if you’re in the market for insurance, consider working with an independent agent to get the coverage you need and the service you deserve.
Trees are a beautiful and essential part of our environment, but they can also pose a significant risk during storms. When strong winds and heavy rain hit, trees can fall and cause extensive damage to property and even result in injury or loss of life. What a lesson we learned in Kentucky early in March! This is why it is crucial for homeowners to understand how insurance policies cover damage caused by falling trees during storms.
Homeowners insurance typically covers damage to property caused by falling trees, including damage to homes, garages, fences, and sheds. However, it is important to note that insurance policies can differ, so homeowners should review their policies and speak with their insurance agent to ensure they have adequate coverage.
Here are some key factors to consider when it comes to insurance coverage for fallen trees during storms:
Cause of the fallen tree: If a tree falls due to natural causes such as high winds or heavy rain, it is generally covered by homeowners insurance. However, if a tree falls due to neglect or lack of maintenance, such as diseased or rotting branches, the insurance company may deny coverage.
Damage caused by the fallen tree: Homeowners insurance typically covers damage to property caused by a fallen tree, including damage to the structure of the house, as well as personal property such as cars, furniture, and other belongings.
Clean-up and removal: Homeowners insurance typically covers the cost of removing fallen trees from your property, up to a certain limit. However, if the tree falls on a neighbor’s property, the neighbor’s insurance may be responsible for the removal costs.
Additional living expenses: If your home is uninhabitable due to damage caused by a fallen tree, your homeowners insurance policy may cover additional living expenses, such as temporary lodging and meals.
Deductibles: Homeowners should be aware of their insurance policy’s deductible, which is the amount the homeowner must pay out-of-pocket before the insurance coverage kicks in. Depending on the policy, the deductible may be a flat fee or a percentage of the total claim.
#image_title
To prevent fallen trees during storms, homeowners can take steps such as regular tree maintenance, including pruning and removing diseased or damaged branches, as well as planting trees away from power lines and structures. It is also important to review your homeowners insurance policy regularly and ensure that you have adequate coverage for storm-related damage.
Click on the link to find out more information about trees and your home insurance policy from Erie Insurance.
Driving while videoing, or more commonly known as “distracted driving,” is a growing problem on the roads. It refers to any activity that diverts the driver’s attention away from the road, such as using a cellphone, eating, or applying makeup.
In recent years, video recording while driving has become a popular trend among social media users, but it comes with serious risks and legal consequences.
According to the National Highway Traffic Safety Administration (NHTSA), distracted driving caused 2,841 deaths in 2018, which is a 12.4% increase from the previous year.
Additionally, the NHTSA reports that in 2019, 3,142 people were killed in motor vehicle crashes involving distracted drivers. Video recording while driving can contribute to these statistics by creating more distractions for the driver, making it more challenging to react to potential hazards on the road.
Car Accident
Video recording while driving also poses a significant risk to other drivers, passengers, and pedestrians. It diverts the driver’s attention from the road and can cause them to miss important traffic signals or signs, resulting in accidents. Additionally, drivers who are video recording may drive erratically or drift out of their lanes, creating further hazards for those around them.
Legal ramifications of driving while videoing vary by state, but most have strict laws in place to discourage it. In many states, it is illegal to use a phone while driving, including for video recording purposes. In some states, video recording while driving is considered a primary offense, meaning that police can pull over drivers who they see doing it. Offenders may face fines, points on their driving record, or even have their licenses suspended.
In some cases, video recording while driving can also result in criminal charges. If the driver causes an accident that results in injury or death, they may be charged with reckless driving, vehicular manslaughter, or other criminal offenses.
Think about this – you’ve just given attorneys recorded evidence that can be used against you. The severity of the charges will depend on the circumstances of the accident, including whether the driver was intoxicated or violating other traffic laws.
In conclusion, video recording while driving is a dangerous practice that can lead to accidents, injuries, and even death. You may think that you are fine, you are keeping your eyes on the road and that it’s no big deal. However, you are fooling yourself. Pull over and take the 60 seconds to record your message or content while you are safely stopped.
It is important for drivers to remain focused on the road and avoid any activities that can distract them while driving. Furthermore, obeying traffic laws and regulations is essential to keep everyone safe and prevent legal repercussions. Remember, no video or social media post is worth risking lives on the road.
Comprehensive insurance is a type of car insurance that provides coverage for a range of damages that can occur to your vehicle that are not the result of a collision. This type of coverage is often referred to as “other than collision” coverage, and it can protect you against a wide range of risks.
Here are some of the most common types of damages that comprehensive insurance can cover:
Damage from natural disasters: Comprehensive insurance can cover damages to your vehicle caused by natural disasters such as tornadoes, earthquakes, hailstorms, floods, and wildfires.
Theft or vandalism: Comprehensive insurance can cover the cost of repairs or replacement if your car is stolen or vandalized. This includes damage to your car’s exterior, interior, and any personal items left inside the vehicle.
Animal damage: Comprehensive insurance can cover damages to your car caused by animals such as deer, elk, moose, or other wildlife.
Falling objects: Comprehensive insurance can cover damages caused by falling objects such as tree branches, rocks, or debris.
Glass damage: Comprehensive insurance can cover the cost of repairing or replacing broken windows or windshields.
Damage from civil disturbances: Comprehensive insurance can cover damages caused by civil disturbances such as riots or civil unrest.
Miscellaneous damages: Comprehensive insurance can cover other types of damages that are not related to collisions or accidents, such as damage from a fire or explosion.
It’s important to note that comprehensive insurance coverage may have limits, deductibles, and exclusions. It’s essential to review your policy carefully and understand what is and isn’t covered. Additionally, comprehensive insurance coverage is often optional, so it’s up to you to decide whether you want this coverage as part of your car insurance policy.
Comprehensive insurance provides protection for your vehicle against a wide range of damages that can occur that are not related to a collision or accident. By understanding what comprehensive insurance covers, you can make an informed decision about whether this coverage is right for you.
There are many personal elements that factor into your insurance rates – such as your driving and claims history, as well as the type of vehicle you drive, but there are other factors that are outside your control and affect all car owners.
Here is a list of the main reasons auto insurance is high as we begin 2023.
Pricey Technology
All the fancy safety features, such as lane assist, cameras, and sensors on your car help keep us safe, but repairing or replacing these parts due to an accident or insurance claim can be expensive. For example, instead of just replacing the glass for a windshield claim, auto body shops also have to adjust and calibrate sensors and possibly cameras. This increases the labor costs for this repair.
Vehicle Parts
Prices are up by more than 10% this year for car parts. Not only are they more expensive, but it is taking weeks and in some cases months to get the needed parts in stock. When an insurance company has to pay for a rental car for weeks and weeks instead of several days in many cases, that is extra cost for a claim.
Repair Costs
We have all heard of issues with the supply chain. While this is running smoother than in 2020, there are still issues. Labor costs have risen over 20% this year too, which makes repairs so much more expensive.
Vehicle Prices
Did you know that prices of used vehicles jumped more than 27% in 2021? New vehicle prices were up more than 14%. While those prices seem to be leveling out a little bit, we are still seeing high costs to acquire a new (or new to you) vehicle.
Inflation
The Consumer Price Index has risen several percentage points. That means we are all paying more for the same goods and services. You are feeling this in all aspects of your family budget.
Labor Shortages
A decline in available auto repair techs and mechanics is a challenge. Shops are having difficulty hiring new talent that has the skills needed for repairs.
Health Costs
With car accidents come injuries and that affects your insurance rates too. The high cost of health care is passed along to the insurance consumer too.
#image_title
At Castle Insurance, we are here to help you understand your auto insurance and provide personalized discounts and other ways you can save.
Even if your mortgage is paid and homeownerâs insurance isnât ârequiredâ anymore, basic homeowners insurance is a great way to ensure that the equity in your home will never be lost due to basic unforeseeable accidents. Things like fire, hail damage, wind damage, and other weather events are covered on your policy.
However, if you are more concerned about your property or live in a low-lying area or by a body of water, then flood insurance may be purchased for added security.
But a commonly overlooked policy deals with earthquake losses. Earthquakes? In Kentucky? Did you know there have been a couple hundred quakes in the last 120 years?
Here are the numbers, according to Volcano Discovery:
QUAKES SINCE 1900:
7 quakes above magnitude 5
64 quakes between magnitude 4 and 5
197 quakes between magnitude 3 and 4
Your insurance agent can add earthquake coverage to your home policy. There is a higher deductible than your regular policy perils, so be sure to find out about all the details!
by Becky Badar, Erie Insurance, on March 10, 2022
If youâre looking for ways to tighten your monthly budget, thereâs an unexpected place you can look: Your garage.
No, weâre not telling you to sell your car (although thatâs certainly an option). Rather, itâs time to take a closer look at the way you drive and take care of your vehicle. As gas prices climb, both of these habits can make a bigger impact on your wallet than you think.
And if youâre looking for car insurance that is affordable, we can help with that, too.
WHAT IS GAS MILEAGE?
Gas mileage (also known as miles per gallon or MPG) is measured by calculating the number of miles that a vehicle can travel using a single gallon of fuel. Fuel economy is another term thatâs commonly used. Itâs often referred to in relation to improving fuel efficiency â which means using less gas when you drive.
HOW CAN I FIGURE OUT MY VEHICLE’S MPG?
Since 1977, auto manufacturers have been required to publish some form of miles per gallon metric on new car labels. For modern vehicles, this includes ratings for city, highway and combined MPG values.
In general, vehicles tout better gas mileage during highway driving rather than city (i.e. stop and start) driving. But the combined MPG rating, which represents 55% city driving and 45% highway driving, provides a quick and easy way to compare the fuel efficiency of gasoline vehicles â which is especially helpful if youâre shopping for a new car. You can find these values for your current vehicle through a quick internet search.
If you want to measure the real-world gas mileage of your car, itâs easier than you might think. Follow the steps below from the U.S. Department of Energyâs Office of Energy Efficiency & Renewable Energy:
Step 1: Top off your tank. Fill your tank all the way up, then record the current mileage from your odometer (or set your odometerâs trip meter).
Step 2 : Run it out, then record your numbers again. Once itâs time to fill up again, record the new odometer reading as well as the number of gallons it took to refuel.
Step 3: Subtract your readings. If you used the trip meter, you can skip this step. If not, put those elementary math skills to use and subtract your first odometer reading from your second to see how many miles you traveled on one tank.
Step 4: Do a little division to determine your MPG. Take your figure from step three and divide the number of miles you drove by the number of gallons it took to fill your tank. Your final number is your MPG for that driving period.
WHAT’S CONSIDERED “GOOD” GAS MILEAGE?
Getting good gas mileage means that you can travel further using less gas.
As a general guide, the U.S. Environmental Protection Agency has designed a fuel economy rating that evaluates vehicles on a scale of 1 (worst) to 10 (best). These numbers can also be found on new car labels. For the 2020 model year, vehicles earning a 1 rating return an MPG of 14 or less, while a score of 10 requires 44 or more MPG.
But there are a lot of other variables that factor into this â from the type of vehicle you drive to the way you drive it. And all of these can add up when it comes to how much you end up spending on gas.
WHAT CAUSES POOR GAS MILEAGE?
Regardless of what kind of vehicle you drive, all of these factors can negatively impact gas mileage:
Speed: The faster you drive, the more fuel your vehicle burns up. This includes how fast you accelerate, too.
Idling: Keeping your car on for it to warm up or cool down, queuing up at a drive-thru or waiting to pick your kid up from soccer practice can all decrease your vehicleâs fuel economy.
Aerodynamic drag and excess weight: Driving too fast or traveling with a rooftop cargo carrier? These can increase wind resistance, which causes your vehicle to use more gas. And towing any kind of trailer or hauling too much in your trunk, bed or back seat also requires more fuel.
Poor maintenance: From underinflated tires to an unattended engine issue, failure to consistently âtune upâ your vehicle can cost you a lot more at the pump. It also can create potential safety risks.
Quick trips: A quick run to the supermarket on Monday. Stopping by the bank on Wednesday. While it may be convenient to run these errands one at a time, it can wreak havoc on your fuel economy. Quick, short trips like this from a âcold startâ eat up fuel, because your engine needs to warm up before it can run efficiently.
HOW CAN I IMPROVE MY GAS MILEAGE?
The U.S. Department of Energyâs Office of Energy Efficiency & Renewable Energy and Consumer Reports offer several ways that you can improve your MPG:
Drive more efficiently.
Follow the speed limit, and drive sensibly â not aggressively (e.g. quick accelerations, hard stops, etc.).
On the highway, donât speed up and slow down (unless you need to for safety). Once you get up to speed, stay there. Use cruise control when possible.
Remove unnecessary extra weight, avoid idling and take the cargo box off the roof of your vehicle (unless you really need to use it) to help even more.
Keep your car in shape.
Make sure your engine is tuned, keep tires properly inflated and use the right grade of motor oil. Check out 9 Things You Should Never Do to Your Car for basic car-care tips.
Plan and combine trips.
Spend less time sitting in traffic by avoiding rush hour on daily commutes.
Run all your errands on one day rather than taking multiple short trips during the week.
If you have an especially long commute, ask your employer if you can work from home a day or two per week.
Opt for a more fuel-efficient vehicle.
If your budget allows it, consider purchasing a vehicle that touts better MPG than your current one. With fuel prices rising, you could save hundreds of dollars in fuel costs per year switching from a vehicle with 20 MPG to 30 MPG. Check out the fuel savings calculator on fueleconomy.gov.
Imagine you’re driving down I-75, and all of a sudden, your tire blows!
What if you came out of the grocery store and your battery is dead?
Maybe you think it’s too cold to fill up your gas tank right now and choose to play a game to see if you can make it to your destination before you run out of gas? And….you lose and run out of gas.
If you have car trouble on the side of the road, you want fast and reliable service. Does it matter if you use your road service coverage on your insurance policy or is it worth your money to go ahead and AAA service?
Keep in mind, ANY TIME YOU USE YOUR INSURANCE POLICY, IT IS VIEWED BY THE INSURANCE CARRIER AS A CLAIM. Even if it’s only a $70 road service claim or a battery jump, it will show up on your auto insurance claim history. Now of course, it doesn’t affect your rates or insurance score in the same way that an at-fault accident will, but it will still be included in your claim history. An insurance carrier can use excessive road service claims as part of the reason to non-renew your policy.
If you have several vehicles, especially ones that aren’t in perfect shape, you may want to consider purchasing a road service/towing plan through AAA or another auto club service. Depending on the age and condition of your vehicle, you may not be able to purchase the coverage through your policy and will need AAA for this service anyway.
Many new vehicles have road service through the manufacturer/dealer as well, so that would be another way to get assistance if needed, without using your insurance policy.
Think of your insurance policy as a way to pay for expensive accidents, injuries, etc. and think about the smaller claims being handled a different way.
A big thank you to our guest blogger for this blog post, John Rice – The Lexpert Real Estate
The home inspection is the toughest part of a sale I think.
It can be hard to get past the condition, even a house that inspected pretty good, since your inspector gave you an entire book containing everything that is wrong with what is about to be the biggest purchase in your life.
What I try to tell my buyers is that no house is perfect. They are all in various stages of Mother Nature trying to destroy the home and reclaim the property. Everything has a life span and given enough time, everything on a house will need replaced or some maintenance.
Iâve probably been the Buyerâs agent on well over 400 inspections and gotten repairs lists for hundreds of listings I have had. Know what I have found? Most of the issues that turn up from a home inspection are either deferred maintenance or things that the inspector noted were done a little less than textbook perfection.
Here are some things that are on almost EVERY home inspection report:
Windows or door that need caulking, faucets that drip, loose outlets, cracks in sidewalks and driveways, downspouts that are not out far enough away from the house, air conditioner condensation lines that drain too close to the house. Minor plumbing issues are common. Minor electrical issues are common. Often the flashing on a roof needs some attention. Older houses tend to not have grounded outlets. Few houses have weepholes in brick to allow moisture behind the brick to escape. Few houses have flashing where a gutter ends at an exterior wall to prevent water from splashing on the side of the houseâŠâŠâŠand the home inspector I recommend always seems to find loose toilets, lol!
I think the hardest thing for buyers is that they think they have picked a loser house when they have 20-30 of these common issues. It is easy to assume that the house you picked to purchase is the only one with these issues. That you can walk away from this one and the next house you buy will be perfect. I donât know how successful I have been at convincing my buyers of this, but I normally tell them that 80-90% of the same issues found on their house will be found on any house. I have also joked that there needs to be a rule that the inspector has to inspect the Buyerâs old house first, and anything found at their old house canât be asked to be repaired at their new house.
Since the topic of this is when to walk away, I guess I better get into that.
If you are a first time buyer or donât have a lot of money, I guess you walk away if the the big ticket items donât have much of their lifespan left. If you have a 22 year old roof and wonât have any money to replace it in the next few years, it might be best to walk away.
If you have a house with a problem such as a major structural issue that will impact your ability to sell the house to the next buyer when you move, might be good to skip that house.
When I bought my current home, I had it inspected. It had all the usual issues. I did the inspection type that is very common in this hot sellerâs market: I could inspect it but wouldnât ask for repairs. I would take it or leave it. I of course chose to take it because to be honest, I loved the property so much that there wasnât anything that was going to deter me from living there. I had all the usual items.
Being a landlord, realtor and middle aged man who has owned lots of homes, there was nothing that scared me nor surprised me. It was just a âTo-doâ list that I prioritized and am getting it all sorted as I find time. Which brings me to something else I tell my buyers. If you will encounter pretty much the same items on any house, why not just stick with the sale of the one you fell in love with after looking at all the other houses you had to pick from?
This is especially true in todayâs market where you have so few choices and odds are you will pay even more for the next house as prices go up while you wait for it to come on the market.”
Most of us have auto, home, and life insurance, but having protection against a catastrophic liability claim is often overlooked.
Would you have enough coverage if something like this happened to you?
A jury awarded $900,000 to the estate of a 43 – year – old father that died after an auto accident. The award was based in part on the father’s future earning potential.Â
While helping a friend paint his home, a 40 – year – old man fell and broke his heel. Although the homeowner was found only partially responsible, the fall cost him $1.2 million dollars.Â
An umbrella policy will provide you with an additional $1 million dollars or more of coverage over and above your underlying homeowner or personal auto limits. It can offer you an extra layer of protection against the possibility of a high jury award in a personal liability case.Â
It is especially important to purchase this type of policy if you have wages that can be garnished or assets that can be seized to pay a judgement.
Itâs an inexpensive policy with extensive benefits! Contact your insurance agent or our office for more details.
It’s common knowledge that insurance rates fluctuate from year to year. If you plan on looking for a new insurance policy, here are a few things to consider:
Agent Vs. Direct For many years, the only way to get an insurance policy was through a licensed agent, often face to face. With the advent of the internet, consumers can now easily get an insurance policy without even talking to an agent. Many companies offer streamlined online applications and cell phone apps. While these may be convenient, dealing directly with a local agent can have advantages.
The convenience of no face to face interaction may be appealing, but during billing disputes, claims, or vehicle changes, having direct access to a licensed insurance advisor often has its own benefits. At Castle insurance, your phone call will always be answered by a caring insurance professional.
Rate comparison tools If you have ever searched for insurance on Google, chances are your Facebook feed was soon filled with services that let you shop several companies rates, all at once.
While this sounds like a novel concept, be wary of what you are actually signing up for. You may decide to buy a policy from one of those ads you were served, only to see your rates drastically change when you are directed to the company’s website. This is known as a âbait and switchâ and can often lead to you overpaying for insurance or having your coverage drastically reduced.
Working with a local independent agent will provide a wide variety of quotes, and Recommendations from your agent will help you pick the right policy for your needs.
Buying a new house? Buying a new house can be a long, exciting and often stressful process. Dealing with a local real estate agent will likely make the process easier for you. But should you trust your realtorâs advice when it comes to insurance? While they can certainly put you in contact with a licensed insurance agent, be sure you do your own research and be aware of what type of policy you are buying.
Realtors are trusted advisors and their advice should be considered, but when it comes to insurance, make sure you have a policy that addresses your concerns and offers the right protection long after your purchase.
If it sounds too good to be true, it probably is! Have you ever heard your grandparents say that?
People often see ads for insurance that are hundreds, if not thousands of dollars cheaper a year than their current premiums. As a savvy consumer, you have to question this!
Ask yourself a few questions.
Are there any companies out there that can offer a policy for thousands less than everyone else?
What am I actually paying for?
Is there an option that isn’t being included that leaves me vulnerable in the case of a claim?
Is this pricing for high liability limits that give me more legal and financial protection or just what is required by the state? State minimum coverage will allow you to legally drive here in Kentucky, but you wonât see me get behind the wheel with that type of coverage! The small difference in cost between minimum requirements and a more robust limit might surprise you. Be sure you are protecting yourself and your family with the highest limits you can afford.
Bundling is Smart Be a smart consumer and check multiple companies. Having your Home and Auto insurance managed by the same agent is convenient and can lead to significant discounts on all your insurance policies.
Are you a number or family member? There are plenty of insurance companies that tell you their products are far superior to anything else, and far cheaper too. The best way to ensure your assets are properly protected and you pay a competitive rate is to deal directly with an independent insurance agent or broker. For a large company, you may just be another policy number, but for a local agency like Castle Insurance, you are part of the family.
Please contact us today if you are concerned about your coverage, unhappy with the way a claim was handled, or just want a more competitive quote.
Earlier this month, Kris and I got the chance to promote Castle Insurance at the 2020 Sport, Boat and Recreation show at Rupp Arena. The old adage, âBust Out Another Thousand holds upâ!
Many of the boats on display and for sale would be considered a serious investment for most people! While some might say âthe best boat is your friendâs boatâ, it was clear that many were considering or actually taking home the newest model over the weekend. And let’s be honest, what sounds better than a weekend on the lake with your family and closest friends? Before you hit the open water, you should ensure your asset is properly protected.Â
Not unlike a sports car or motorcycle, boats can be a source of endless recreation, but are often overlooked as a liability. Before you hit the waves this year in your speedboat, jetski or pontoon, a routine review of your boaterâs insurance should be on your checklist. Most boat owner’s policies do not provide the same medical benefits in an accident that you enjoy on your auto policy.Â
Simply put, if you haven’t selected additional medical benefits, your passengers may be without coverage in an accident. And yes, boat accidents do happen!
Here at Castle Insurance, we always recommend that anyone operating a boat takes a boater safety class to help identify dangerous situations that can arise on the waters. Most insurance carriers will give you a discount on your boat ownerâs insurance if you receive training. Plus, itâs always smart to be prepared.
Ensuring that your current policy has a proper amount of liability coverage, medical payments and trailer coverage is one thing that all boat owners must do. Here at Castle Insurance, we can provide a routine inspection of your insurance policy, much like you inspect your boat before your first trip to the lake.Â
Keep the fun going on the lake by making sure you have proper protection.Â
By Guest Blogger – Linda Fisher – Insurance Agent/Owner Extraordinaire
It happens. Relationships sometimes simply donât work out, and you find yourself moving out of a home and dividing up assets. The insurance in these situations can be complicated for everyone including your insurance agent.
We get the calls often. We are getting a divorce and he/she has moved out, so delete them.
Itâs not that simple. We will never knowingly leave a client without coverage or remove them without their permission.
In these situations, we will take the client who has reached out to us and move them to a new policy with their assets that they legally own. If they are taking one vehicle and both names are still on that vehicle, we will then list the spouse or ex-spouse as an additional insured (using their new address), and loss payee until their name is off the title. That way, they would still be protected if an accident occurred and they were sued, or if the vehicle was damaged. Until that âlegal insurable interestâ in that vehicle no longer exists, we will continue to protect them.
If a home continues to be in both names until the divorce is final, we will keep the insurance in the name of the owner who continues to reside in the home and will then again, add the spouse who moved, as an additional insured and loss payable so they would be entitled to liability as well as any physical damage claim checks.
We have had situations where one spouse doesnât know where the other is temporarily living. These are difficult for an insurance agency to work with as our only option if we donât have separate email addresses and phone numbers, is to send the notices of the insurance bills and renewals to the only mailing address we have on file, and if that is an address that you moved away from, how would you know if your auto insurance cancelled because it wasnât paid? There are court cases where clients have been driving around with no insurance and werenât made aware of it. Our agency makes sure to do everything possible so that doesnât happen to our clients!
To make sure that you are always protected, we would highly recommend that during ANY separation (not just divorce), that you are in touch with your insurance agent.
I discussed âNamed Insuredâ in another blog but be advised that if you move out of the address we show on file for you, you will have serious coverage gaps especially in your auto insurance policy, once you are no longer ârelated by blood, marriage or adoption AND in the same householdâ!
As always, we welcome your contacting us if we can be of assistance with your personal, life, or business insurance needs.
