Thursday, June 24, 2010
Wednesday, January 13, 2010
New discount on auto insurance with Progressive
On April 1st Progressive will begin offering a new product in Florida called Pay-As-You-Drive, personalized auto insurance based on how you drive.
This new policy will base the cost of your insurance on when, how much and how you drive. The fewer miles you drive the lower your premium.
Once you sign up for the MyRate program, Progressive will mail you a small device that you place on the bottom of your dashboard. (It looks similar to the E-pass device you use to pay toll roads.) After you’ve logged some driving time (30 days to be exact) you can log on to your policy at www.progressive.com to see what your projected renewal rate is. If you’re not happy with the rate change (perhaps it increased) you can either change your driving habits to increase your discount or you can terminate your enrollment in the program at any time.
The discount is based on the following driving habits:
- The total number of miles you drive
- The number of miles you drive during high-risk hours
- Sudden starts and stops.
They recommend it for people who drive less than 10,000 miles per year, but customers have been reporting that they have saved even though they drive around 15,000 miles a year.
The MyRate device records the following:
- Vehicle speed and time of day
- When the device is connected and disconnected from the vehicle
- Vehicle Identification Number (VIN) upon installation
Other information, such as miles driven and rates of acceleration and braking, is derived from the speed and time information recorded by the device. The MyRate device does not collect information about where you drive. Instead, it focuses on how safely, how often, how far, and when you drive. Please note that the MyRate device does not contain GPS technology and does not track vehicle location or whether you're exceeding the speed limit, nor do they know who is driving the car in which the device is installed.
The MyRate device can only be used on cars built in 1996 or later.
To watch a short video about the program, visit http://www.progressive.com/myrate.
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Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.
This new policy will base the cost of your insurance on when, how much and how you drive. The fewer miles you drive the lower your premium.
Once you sign up for the MyRate program, Progressive will mail you a small device that you place on the bottom of your dashboard. (It looks similar to the E-pass device you use to pay toll roads.) After you’ve logged some driving time (30 days to be exact) you can log on to your policy at www.progressive.com to see what your projected renewal rate is. If you’re not happy with the rate change (perhaps it increased) you can either change your driving habits to increase your discount or you can terminate your enrollment in the program at any time.
The discount is based on the following driving habits:
- The total number of miles you drive
- The number of miles you drive during high-risk hours
- Sudden starts and stops.
They recommend it for people who drive less than 10,000 miles per year, but customers have been reporting that they have saved even though they drive around 15,000 miles a year.
The MyRate device records the following:
- Vehicle speed and time of day
- When the device is connected and disconnected from the vehicle
- Vehicle Identification Number (VIN) upon installation
Other information, such as miles driven and rates of acceleration and braking, is derived from the speed and time information recorded by the device. The MyRate device does not collect information about where you drive. Instead, it focuses on how safely, how often, how far, and when you drive. Please note that the MyRate device does not contain GPS technology and does not track vehicle location or whether you're exceeding the speed limit, nor do they know who is driving the car in which the device is installed.
The MyRate device can only be used on cars built in 1996 or later.
To watch a short video about the program, visit http://www.progressive.com/myrate.
--
Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.
Tuesday, January 05, 2010
Edison Insurance Group is bought by Florida Peninsula
Edison Insurance Group, an insurance carrier based in St. Petersburg, has been bought by Florida Peninsula in Boca Raton. Florida Peninsula is an admitted carrier and has approximately $65 million in surplus and almost $600 million in claims paying ability. They have a Demotech Financial Stability Rating ® of A Exceptional.
There are about 25,000 Edison policy holders in Florida who will be assumed by Florida Peninsula and the transition will be seamless for them. There will be no changes to their policies or contact numbers and the agent who wrote the policy will continue to service the account as usual.
If you are an Edison policyholder and have questions about this change, please feel free to contact us at 866.786.4613 or info@suninsuranceservices.com. We have been an agent for Florida Peninsula for several years now and we are confident in their ability to offer great service, competitive rates and fair claims handling.
--
Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.
There are about 25,000 Edison policy holders in Florida who will be assumed by Florida Peninsula and the transition will be seamless for them. There will be no changes to their policies or contact numbers and the agent who wrote the policy will continue to service the account as usual.
If you are an Edison policyholder and have questions about this change, please feel free to contact us at 866.786.4613 or info@suninsuranceservices.com. We have been an agent for Florida Peninsula for several years now and we are confident in their ability to offer great service, competitive rates and fair claims handling.
--
Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.
Monday, January 04, 2010
It's a great time to create a home inventory!
With the hectic holiday season now behind us, it's a great time to take an inventory of the items in your home. Chances are Santa dropped off new toys for everyone and we want to make sure they'll be replaced if your home were damaged or destroyed. You never know when disaster may strike so it pays to be prepared.
A home inventory list will not only help you decide how much insurance you need to purchase, it will also help you through the claims process if you have a loss. If your house burned to the ground today, would you be able to list every single item in the house? Most of us could list the big items, like TVs & appliances, but the smaller things like dishes, clothing, toys, books and jewelry might be more difficult to recall. Here's a short one-minute video to help illustrate the importance of this process: http://bit.ly/673kjV.
As they mention in the video there are several ways to take an inventory. The Insurance Information Institute offers a free software program that you can download here: http://www.knowyourstuff.org/. This will help to guide you through the inventory and allows you attach photos and receipts to the file.
You can also videotape the inside of your house, narrating as you go along to help record your possessions. Be sure to open drawers and closets so you can see everything.
Taking photographs of your possessions is another quick and easy way to document things. You can post these pictures online to a photosharing site like Flickr or Picasa so you can access them from anywhere. Scanning receipts for big ticket items like jewelry and electronics is also recommended.
Once you've completed your inventory, be sure to store the information in an offsite location so that it's protected. We are also happy to attach your pictures and lists to your file here in the agency as well. Feel free to contact us here at Sun Insurance if you have any questions about insuring the items inside your home. We are happy to help!
--
Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.
A home inventory list will not only help you decide how much insurance you need to purchase, it will also help you through the claims process if you have a loss. If your house burned to the ground today, would you be able to list every single item in the house? Most of us could list the big items, like TVs & appliances, but the smaller things like dishes, clothing, toys, books and jewelry might be more difficult to recall. Here's a short one-minute video to help illustrate the importance of this process: http://bit.ly/673kjV.
As they mention in the video there are several ways to take an inventory. The Insurance Information Institute offers a free software program that you can download here: http://www.knowyourstuff.org/. This will help to guide you through the inventory and allows you attach photos and receipts to the file.
You can also videotape the inside of your house, narrating as you go along to help record your possessions. Be sure to open drawers and closets so you can see everything.
Taking photographs of your possessions is another quick and easy way to document things. You can post these pictures online to a photosharing site like Flickr or Picasa so you can access them from anywhere. Scanning receipts for big ticket items like jewelry and electronics is also recommended.
Once you've completed your inventory, be sure to store the information in an offsite location so that it's protected. We are also happy to attach your pictures and lists to your file here in the agency as well. Feel free to contact us here at Sun Insurance if you have any questions about insuring the items inside your home. We are happy to help!
--
Sun Insurance Services, Inc. is a family-owned and operated insurance agency located in Orlando, Florida. We write with twenty of Florida's most prestigious insurance carriers and offer our clients a broad range of choice and customization for their insurance needs. Find us on the Web at www.suninsuranceservices.com.
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