What Is Assignment of Benefits?

Roofers Working

How Assignment Of Benefits May Impact Homeowners

There have been an increasing number of homeowners who have unknowingly signed contracts or forms that include Assignment of Benefits (AOB) agreements. These forms are sometimes provided by contractors, often for water damage restoration, and must be read carefully. The end result is that the contractor is assigned your rights under the insurance policy. This can be a problem in that there are some contractors and attorneys that use this as a scam to sue insurers. This has resulted in homeowners losing control of the claim process and it could mean having to pay amounts beyond what is covered in their policy. The contractor could place a lien on the home.

How To Protect Yourself

  • Call your agent or insurer first
  • Do not sign anything without reviewing it with our office
  • Most insurers have 24/7 claim hotlines
  • Read all documents before you sign them

While there may be some good reasons to use AOB, there can be abuses, and it is always good idea to call our office first.

The assignment of benefits scourge in the homeowners’ market has been mostly concentrated in South Florida but is quickly spreading to Tampa Bay. We’re already the No. 1 hot spot for auto glass lawsuits, according to Tampa Bay Times staff writer Malena Carollo, and the numbers keep growing. Hillsborough County alone accounted for 35 percent of cases statewide in 2016. That’s not a list the region should want to be atop, and the only current remedy is for drivers to be informed and careful. If you have a cracked windshield, contact your insurance company directly to start the claim process, then follow the claim to conclusion. If you do allow a repair company to negotiate with insurance on your behalf, understand that a lawsuit could eventually be filed in your name.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

Please Call our office for more information.

I Just Got a Ticket…Will My Auto Rates Go UP?

car-1531277_640 (1)Have you recently had the bad luck of receiving a speeding citation? A ticket for speeding or other moving violation may increase your auto premiums. Some of this depends on the timing of your ticket and your renewal date. If you have had several traffic violations in a three year period, your carrier may decide to drop you. We will always search the market for the best alternative for all our clients.

Your auto insurance rates are determined based on how risky the insurance company considers you to be. Insurance carriers will have different methods for calculating risk, and thus different methods for determining rates.

Violations that relate to unsafe driving that will cause your premiums to increase include:

  • Drunk driving
  • Texting while driving
  • Failure to stop or yield right of way
  • Speeding
  • Reckless driving
  • Failure to stop at a light
  • Speeding in a construction zone

One leading industry research company studied 500,000 drivers and found that auto premiums went up by 20% after one of the violations listed above. Remember these are national averages and your individual circumstance will apply to what the carrier may or may not do.

Driving safely may be enough for you to avoid any spikes in your premiums. Of course, if your rates go up, they can also go down. By being a safe driver, you may see the price you pay for auto insurance decrease over the years.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

Spring Is the Best Time To Review Your Home Insurance

live-1532301_640-001

A personal insurance update

Spring is here and many of us are gearing up for many different kinds of activities that might lead to a claim.  Your homeowner’s insurance is designed to protect yourself and your property from unforeseen injury and/or damage.  However, remember that there are limitations with your homeowner’s insurance policy.

Spring and summer insurance risks

  • Trampolines. If you own a trampoline you may want to call our office to make sure you are covered.
  • Swimming pools. Many insurers will not cover swimming pools. Make sure you are covered, call us today.
  • Renting out your home. If you have decided to rent your home while you are on vacation, you may not be covered. Most insurers exclude coverage for rental property.
  • Watercraft. If you bought a boat or other kind of watercraft, you will need to add it to your policy.
  • Foreign travel. If you are planning any foreign travel, you might want to consider special travel accident insurance.
  • BBQ time. When you barbeque, make sure you keep the grill away from all structures. Limit alcohol use while you are barbequing.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

Lower Your Commercial Auto Expenses

background-1566507_640A commercial auto insurance review

If your business owns any vehicles, you know the costs associated with them have increased over the past few years.  We are not just talking about the increase in commercial auto insurance.  Many other operating costs have increased including general maintenance, repairs, and fuel.  There are some practical things a business owner can do to help reduce commercial auto expenses.

Business auto insurance

Make sure you train all drivers on the latest safe driving techniques.  In addition, have our agency market your insurance to find the best possible combination of coverage, price, and service.

Service repairs

It is a good idea to shop around for a service repair shop that can provide competitive pricing, but is also responsible.  Cheap repairs do not help if the vehicle ends up back in the shop or the shop does not meet repair deadlines.

Consider the vehicle before you buy

Some vehicles are more costly to repair.  Additionally, technology in newer vehicles is more costly to repair.  For that reason, one of our clients opts to purchase three to five year old vehicles, to save on repair costs.

Safety

Use module deceives in your commercial vehicle that can monitor driver performance. Provide feedback to drivers and create a reward system for better and safer drivers.

Driver’s health

Studies show that 94 percent of accidents are caused by driver factors.  With this in mind, Travelers Insurance Co. advises employers to consider a driver’s health and wellness when they are on the road.  Training drivers about proper rest and the risks of driving while fatigued will remind drivers not to push on when they are fatigued.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

 

 

Will One Ticket Cause My Auto Premiums To Increase?

17jghdjdtyjtdHave you recently had the bad luck of receiving a speeding citation? A ticket for speeding or other moving violation may increase your auto premiums. Some of this depends on the timing of your ticket and your renewal date. If you have had several traffic violations in a three year period, your carrier may decide to drop you. We will always search the market for the best alternative for all our clients.

Your auto insurance rates are determined based on how risky the insurance company considers you to be. Insurance carriers will have different methods for calculating risk, and thus different methods for determining rates.

Violations that relate to unsafe driving that will cause your premiums to increase include:

  • Drunk driving
  • Texting while driving
  • Failure to stop or yield right of way
  • Speeding
  • Reckless driving
  • Failure to stop at a light
  • Speeding in a construction zone

One leading industry research company studied 500,000 drivers and found that auto premiums went up by 20% after one of the violations listed above. Remember these are national averages and your individual circumstance will apply to what the carrier may or may not do.

Driving safely may be enough for you to avoid any spikes in your premiums. Of course, if your rates go up, they can also go down. By being a safe driver, you may see the price you pay for auto insurance decrease over the years.

As an Independent Insurance Agency, we represent many of the top insurance companies in the country. This means better coverage, and at a competitive price, including life and health insurance.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

March Madness – Amberg Insurance Style

basketball-630515_640

An Insurance Review

March is over and we spent the while month watching 64 college basketball teams play to the final four, then to the championship game.  Congratulations to North Carolina! The entire thing reminded us of some insurance madness. We thought we would share with you our “insurance madness final four.” These can impact your business insurance and personal insurance programs.

Insurance Madness Final Four

  1. Always use an independent agent. Independent agents will search the market for the best possible insurance designed for your family or business. Independents agent do not work for an insurance company, they represent you and look out after your interests first.
  2. Never buy insurance online. When you buy insurance online you never know if you are getting the best combination of coverage, price, and service. However, you do find out when you have an uninsured claim.
  3. Always consider deductible options. A simple way to save money is to consider increasing your deductible on your auto insurance, home insurance, or even your business insurance.
  4. Many people don’t consider these coverage’s but they should
    1. Identity theft is the fastest growing crime in the United States. Every homeowner should consider identity theft coverage.
    2. A personal umbrella can offer additional protection for those who own a home or have personal assets worth protecting.
    3. Your business might be at risk if you do not have cyber liability or employment practices liability.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.

 

Why You Need A Carbon Monoxide Detector

Protect your home and family

Carbon monoxide is an odorless, colorless, invisible gas that is created when certain fuels do not burn completely. Many homes can have exposure to carbon monoxide and may not even know it. That’s why it is important to know how to prevent it, detect it, and protect yourself and your family from its effects. In the home, carbon monoxide is most commonly formed by flames and heaters, as well as vehicles or generators that are running in an attached garage.

Detection and Safety Tips

  • Carbon Monoxide (CO) alarms should be installed in a central location outside each sleeping area, on every level of the home, and in other locations where required by applicable laws, codes or standards. For the best protection, interconnect all CO alarms throughout the home; when one sounds, they all sound.
  • Never use a gas range or oven for heating.
  • Have your home heating systems (including chimneys and vents) inspected and serviced annually by a trained service technician.
  • Follow the manufacturer’s instructions for placement and mounting height.
  • If the audible trouble signal sounds, check for low batteries. If the battery is low, replace it. If it still sounds, call the fire department.
  • If the CO alarm sounds, immediately move to a fresh air location outdoors or by an open window or door. Make sure everyone inside the home is accounted for. Call for help from a fresh air location and stay there until emergency personnel arrives.
  • If you need to warm a vehicle, remove it from the garage immediately after starting it. Do not run a vehicle or other fueled engine or motor indoors, even if the garage doors are open. Make sure the exhaust pipe of a running vehicle is not covered with snow.
  • During and after a snowstorm, make sure vents for the dryer, furnace, stove, and fireplace are clear of snow build-up.
  • A generator should be used in a well-ventilated location outdoors and away from windows, doors and vent openings.
  • Gas or charcoal grills can produce CO — only use outside.

Amberg Insurance Center, Inc. was established in 1974 to serve the growing insurance needs of the many businesses and individuals located in the Charlotte and surrounding counties. We take pride in the quality service provided to our customers, our community concern, and our commitment to the overall development of our employees.

Amberg Insurance has been voted First Place for Best Insurance Agency and Best Agent by the Charlotte Sun Newspaper and First Place for ‘Harbor’s Hottest’ Insurance Agency by Harbor Style Magazine.