No always the "cheap insurance" is the Best!

Every day I have clients that claim they are paying really low premiums for their insurances, and sometimes it becomes very suspicious to me.  Since, I am an independent Insurance agent I could check prices and compare rates for any kind of insurance from not only one company but several: therefore, when I find a client with a policy paying half on a policy of what I can find for him always make me questions how this could be possible.

This is something I found in Business Journal

Three insurance agency employees have been arrested in Florida for allegedly stealing thousands of dollars in auto premiums.
Bella Jenkins, Torrance Blake and David Bell, who were employees of the Temple Terrace-based Insurance Plus, were charged with committing insurance fraud and selling insurance without a license, according to Florida Chief Financial Officer Jeff Atwater.
The state’s Division of Insurance Fraud said it began its investigation of Insurance Plus in August 2010 after receiving complaints that customers were given automobile insurance coverage quotes by phone only to have the price for the coverage inflated by the time of the purchase. Officials said customers paid the additional money and left the agency believing that they had insurance coverage with either Kingsway Amigo or Security National Insurance.
The customers later learned they had no coverage when pulled over for traffic violations or by receiving notices from the Florida Department of Highway Safety and Motor Vehicles advising them they needed to purchase coverage in order to comply with the law. The victims stated that the owner of the business, Bella Jenkins, a licensed insurance agent, was not present when they went to Insurance Plus, but that Ball and Blake both conducted business despite having no license, officials said.
If convicted, each of the suspects face up to five years in prison per charge.

Remember not always the cheap insurance is the best! Sometimes is not even real.

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Flooding Damages Thousands of North Dakota Homes

The Souris River crested nearly 2 feet lower than expected in Minot, N.D., where city officials hoped to ride out the high water without losing more than the thousands of homes already damaged by flooding.
The river had been expected to peak at some 8.5 feet (2.6 meters) above major flood stage, but it appeared to level off as it approached 6.5 feet (2 meters) over that mark.
Damage was already widespread, with Mayor Curt Zimbelman reporting more than 4,000 homes had been flooded in an evacuation zone of neighborhoods nearest the river. About 11,000 people had been ordered to evacuate.
Sgt. 1st Class David Dodds, a spokesman for North Dakota’s National Guard, said the situation had “kind of stabilized” on June 25. The Souris’ channel wasn’t getting any wider.
“The fact that more homes aren’t being engulfed or being touched by the water, that’s the one silver lining if you can even say there is one,” Dodds said.
City spokesman Dean Lenertz said updated estimates of the flood’s toll were being prepared. The city’s water, sewer and electric power systems were still working. Workers labored to keep the Broadway Bridge, a major north-south thoroughfare, from being overwhelmed, a possibility that would divide the city in half.
Zimbelman and others had fretted about rain in the forecast, but the National Weather Service said the storms didn’t appear to be widespread or long-lasting.
Fed by heavy rains upstream and dam releases that have accelerated in recent days, the Souris surged past a 130-year-old record on June 24 and kept going.
The Federal Emergency Management Agency pledged assistance to flood victims in Burleigh and Ward counties, which include Minot and Bismarck, the state capital, which has been damaged by Missouri River flooding.
In nearby Burlington, more than half of the town’s 1,000 residents left late this week to escape the Souris. Sawyer, a town of about 350 people, was under a mandatory evacuation order Saturday after the Souris flowed over the main dike around daybreak. National Guard soldiers worked on a secondary levee.
The National Guard activated 870 members for the crisis. Minot is best known as home to an Air Force base responsible for 150 Minuteman III missiles in underground launch silos scattered over 8,500 square miles (22,000 square kilometers) in northwest North Dakota.
Col. S.L. Davis, commander of the 91st Missile Wing, said there was some “localized flooding” at a handful of missiles sites because of the wet spring and summer. But he said the silos are designed to safely handle some water and protective measures were taken at a few sites similar to what’s done in preparation for spring runoff from snowmelt.

Do not let the storm get you without flood Insurance!

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Allstate Seeks Double-Digit Home Insurance Hikes in Florida

Two subsidiaries of Allstate Insurance Company Florida are seeking homeowners rate increases worth more than $90 million.
Castle Key Indemnity Co. is seeking a 36 percent statewide average rate increase and Castle Key Insurance Co. is seeking a 31 percent rate hike. The two companies formerly made up Allstate Floridian Insurance Co.
In 2010, the Florida Office of Insurance Regulation approved an average 18.7 percent rate hike for Castle Key and 17.8 percent rate for Castle Key Indemnity.

This is one of the main reasons  I decided to have an independent agency!!

Please contact me with any questions or comments.

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