Several insurance companies are raising deductibles on Homeowners policies. When you receive your renewal information review it carefully and make sure you are aware of your deductible. Some companies are increasing your overall deductible and some are adding a separate Wind/Hail, Named Storm or Hurricane Deductible. In the case of a Wind/Hail deductible most companies…Read more
We Need to Hear from You
Until the general public starts voicing their concern over the lack of law enforcement by the Virginia DMV residents of Virginia will continue to pay higher and higher insurance premiums. Virginia is typically characterized as a conservative state however when it comes to the DMV they are quite the opposite. Enforcing insurance laws that are…Read more
Am I in a Flood Zone?
I get this question all the time and without evening speaking to you the answer is “YES”. Every home is located in a Flood zone it’s just some zones are at a higher risk than others. Flood damage is the number 1 catastrophe in the nation yet very few homeowners purchase Flood insurance. Why? I…Read more
Should I file a claim on my homeowners insurance? It depends on the circumstances. Homeowners insurance is designed for a “sudden and accidential loss” but it is not a maintenance policy. Filing too many claims will cause your rate to increase or in some situations your policy will be cancelled. Use common sense. If your…Read more
Car insurance rates in metro Richmond area continue to rise because more and more people are driving without insurance. Several companies including State Farm, Nationwide, Allstate and Geico have filed for rates increases in the last few months and all signs are pointing to further increases. What is the solution? The state government needs to do more…Read more
Recently several insurance companies have starting offering Roadside assistance on their auto policies including, Geico, Progressive, Allstate and Nationwide. People who use to carry AAA are dropping their AAA coverage and adding Roadside assistance to their auto policy. While this makes sense you need to be aware of some pitfalls for adding this coverage to your auto policy.…Read more
What does the Supreme Court ruling on health insurance mean to you? The bottom line…you will pay more for health insurance. The new law takes effect over time but 5 years from now everyone will being paying a lot more for health insurance. Why? There are 3 major factors which are: Insurance companies can no longer limit…Read more
Tips to Lower Your Insurance Premium
The Andrew Agency is an independent insurance agency in Richmond, VA which provides all types of insurance. We specialize in personal lines insurance which includes car, homeowners, umbrella, life and health insurance. Throughout our many years of experience we have developed ways for our clients to lower their insurance premium when adding a youthful driver to…Read more
Why are Insurance Rates Increasing?
2012 was one of the worst years ever for insurance companies. Hurricanes, Tornados, and large hail storms destroyed thousands of homes throughout the country and even though most of the damage did not occur in Richmond, homeowners should expect rate increases and stricter underwriting. Reinsurance premiums, reduced new business writing and low investment returns are all pressuring insurance…Read more
The insurance market for homes is changing quickly and one area in particular is coastal homes in Delaware, Maryland and Virginia. If you own a home, condo, investment house or any property near the coast you are going to have a very difficult time finding home insurance. Several major insurance companies including State Farm, Allstate, Nationwide, Farm Bureau…Read more
