Commercial Auto Insurance

Commercial Auto Insurance

Commercial Auto Insurance

Simple  buy your Commercial auto Insurance policy from one of our experienced Insurance Agents in only a few minutes, affordable, Whenever and where ever you choose. Pay monthly with amazing prices and absolutely no extra fees. Tailored for your small business, your business insurance is designed to meet your needs.

What is Commercial Auto Insurance?

Commercial auto insurance  is the insurance you need if your business uses any kind of vehicle, from a small sedan to a construction vehicle. For businesses the rely on their vehicles, business car insurance or commercial truck insurance provides a safety net in case of accidents involving equipment, employees, or third parties. Whether your employee drivers over an icy patch and hits a pole or your are loading heavy equipment and accidentally smash a window, your commercial vehicle insurance has your back. If is the policy that covers the cost of damages and injury while keeping your vehicle on the road so that you can keep working.

Commercial Auto Insurance Progressive

What’s Important About Business Vehicle Insurance?  We represent many great Commercial auto insurance companies including Progressive Insurance. For many businesses, vehicles are a major business expense and an essential part of day to day operations. But do you really need more than personal car insurance? Here are a few reasons you may want to upgrade to a commercial Auto policy:

Staying Legal

You may not have a choice. Depending on your business, you may be legally required to have a business auto policy. Make sure you look into this if you:

  • Are paid to transport people or products
  • Have employees (other than yourself) who operates your vehicles
  • Haul a trailer or heavy equipment
  • Provide a service using your vehicle directly

High Stakes

Your business insurance needs are  not the same as your personal insurance needs. Depending on your business, you may need more extensive coverage for materials that you are hauling, equipment or heavy loads. Your business vehicle face far different risks then your personal family auto and might need different insurance coverage.

Commercial Insurance Coverage

If you have employees, you need a commercial auto insurance policy that would provide coverage when operating a company vehicle. If the employee is legally liable for the auto accident then you would look for coverage from the commercial auto insurance policy.

Demonstrating Professionalism in your business

Especially if your vehicle  is directly connected to the service you provide, commercial insurance is important for your customers. Having the right type of auto insurance  indicates that you are prepared and have an insurance policy to cover liability. Your customers will know that they can trust that you are a serious small business owner who takes care of all the details they need.

Commercial Auto Insurance Cheap

We know that as a small business owner you goal is to keep insurance costs at a minimum. The good news is we will work with you to find the best value commercial auto insurance available.

What Does Commercial Vehicle Insurance Actually Cover?

Insurance coverage depends on your specific policy.  Every commercial auto insurance policy is different.  This is just a list of Some Coverages that may or may not be included in your specific commercial auto insurance policy:

  1. Bodily Injury and Property Damage . Bodily injury is the section of your commercial vehicle policy that covers claims of physical injury to a third party.  It can include medical expenses. For example if you fail to stop at  stop sign and strike the other vehicle and the driver or passenger in the other car are hurt or injured. Property damage  is that section of your policy that includes third party coverage for property damage in an automotive accident where you are at fault.
  2. Collision Coverage – An additional Premium is required and this is an optional coverage that you can add. Your rely on your vehicles to work. The collision coverage covers the cost to repair or replace your vehicle once the deductible has been met.
  3. Comprehensive Coverage An additional premium is required and this is an optional coverage that may be added. Comprehensive coverage typically includes theft of the vehicle, vandalism, weather related damage, a deer claim or windshield.

What Isn’t  Covered by Commercial Auto Insurance

Every commercial auto insurance policy has Exclusions.  Review your specific commercial auto insurance policy to determine what is excluded. It is important to know the exclusions in advance.  If an auto accident happens and there is an unlisted driver operating your vehicle this could be excluded. All drivers are required to be listed on the commercial auto insurance policy. Intentional damage or intentional occurrences are not covered by any type of insurance policy.  Be sure to check what exclusions in your policy may be covered by other insurance.  Other Insurance could include your Commercial General liability insurance for contractors.

Calculating Average Commercial Auto Insurance Costs

You will probably notice a wide variety of commercial auto quote prices, which can easily range from $1500 a year up to $3,000 or more per year. Your specific cost will depend on the number of vehicles that you are insuring, but also on the vehicle type, type of use, miles driven, driving records and the type of business.  In order to get an accurate cost efficient commercial vehicle insurance quote, choose a policy that is customized for your particular field. You can also look for monthly payment options and online claims filing service.

Small Business Commercial Insurance Resources

Kentucky Secretary of State

Jefferson County Clerk

Louisville Metro Revenue


homeowners insurance coverage

Homeowners Insurance Coverage

What is Homeowners Insurance?

What homeowners insurance is best ?

Whether you are a new homeowner or have lived in your house for years, we know how important your home is to you. Homeowners insurance  does not just protect your house and property, it also protects your belongings, yourself and your guests. You have put a lot of hard work into providing a home for yourself and family. Talk to your local independent insurance agent for personal advice on the best combination of  of homeowners insurance coverage, value and price to protect your hard earned investment.

Home Insurance

Cheap House Insurance

Am I required to have homeowners insurance if I am buying my first home?

Which homeowners insurance is best ?

Lenders almost always require first time home buyers to purchase insurance. Homeowners insurance protects one of life’s biggest investments. Should a tree fall through your roof or a fire break out in the kitchen, insurance for your home helps cover the cost to repair  or rebuild.. It may also cover other buildings on your property like a garden gazebo or storage shed.  If the damage is extensive enough to prevent you from living in your home, homeowners insurance also helps cover the costs of temporary housing and living expenses.

Homeowners Insurance

A homeowners insurance policy protects your personal property, like your furniture, TV, clothing, books, computer, sporting goods and kitchen gadgets. Your belongings may be protected when they are at home or with your anywhere in the world. There may be reduction in coverage if personal property is not on the premises, check your home insurance for specific coverages.

Homeowners Insurance Quote

Does my home insurance cover damage caused by earthquake or flood?

No a standard homeowners insurance policy does not generally cover damage caused by earthquake or floods. These sources of damage require either additional coverages or a totally separate policy. If you live in an area prone to these type of events, talk to your local independent insurance agent  to make sure you have the proper coverage and proper insurance policies. Flood insurance is available through the National Flood Insurance program.

What home insurance do I need?

House Insurance

Home Insurance Quotes

What is the difference between flood damage and water damage?

Water damage is usually caused by water coming through something like a burst pipe, an overflowing toilet,  a dishwasher that leaks all over the kitchen floor or a roof that leaks after a hard rain.

Flood damage is caused by water coming from something like an overwhelmed levee that breaks, a clogged drainage system, a river or lake that overflows or even just the ground being inundated with too much water after a torrential storm. Water seeping into your basement after a heavy rain or winter runoff is usually considered flood damage.

Which home insurance is cheap?

Compare Home Insurance

What are home contents or contents coverage?

Home contents are the things inside your house not permanently fixed to the walls, ceiling or floor. Your couch, television, carpet, refrigerator , dining room table, and floor lamps are examples of home contents.  We recommend keeping an inventory of your home contents that you can refer to in the event of a claim. You may want to consider a home inventory app to keep track of your contents.  We are a local independent insurance agent that can help you with the Homeowners Insurance coverage that fits your specific situation.

Which home insurance quote ?

Compare House Insurance

House Insurance Quotes

cheap car insurance

cheap car insurance



We often hear the question ” I am looking for the Cheapest Rate on my car insurance, can you help me? ” What I hope to achieve in this article is for insurance customers to understand the importance of auto insurance liability coverage. We will focus on what liability insurance coverage is and what type of insurance limits you need.  Everyone who owns a vehicle in Louisville and Kentucky are required by the state to maintain at least minimum liability coverage. So if you are at fault for an accident your auto insurance will pay for property damage and bodily injury in the other vehicle. There are many ways to obtain the cheapest car insurance and here are few tips! We can help you find the best cheap car insurance for your situation. Affordable car insurance that meets the state minimum car insurance requirements. The minimum Louisville Kentucky state auto insurance requirements are Bodily Injury 25,000 per person / 50,000 per occurrence and $25, for property damage liability.  It is important that you confirm this with your local independent insurance agent for the best cheap car insurance.


Many consumers seeking cheap car insurance coverage have this same question. What is Car Insurance Liability Coverage? If you are found negligent or liable for a car accident, then you are required to provide liability coverage that would compensate the other driver in the accident who was not at fault. If you are the at fault driver then your insurance company would pay out from the liability coverage to repair the other drivers car or compensation for injuries in the other vehicle.  Are cheap car insurance rates to good to be true?  We understand that you want to save money on car insurance rates in Louisville, but you also want to make sure that you have adequate insurance coverage in the event of an auto accident.  That is why we are focused on helping you understand your car insurance coverage options, discounts to help you save, and how to get the most affordable car insurance quote for what you need on the road.


cheap car insurance

cheap car insurance



We offer car insurance coverage protection for your peace of mind and meets the state minimum requirements for the best cheapest car insurance.  As a local independent insurance agent, we offer opportunities to lower your insurance rates with significant car insurance discounts.  We offer quality customer service every time for your peace of mind.


There are a number of easy ways you can save on car insurance both short and long term. Maintaining a clean driving record with no tickets and no accidents is one of the ways to obtain the best cheapest car insurance rates. In addition, purchase a vehicle with eligible safety features and anti-theft features in order to lower your auto insurance.  In addition  if you have more then one vehicle on your car insurance policy then you would be eligible for the multi-vehicle discount. Many of the great insurance companies we represent offer the Paid in Full discount. If you are able to pay the six month premium for the entire period at the time of purchase then you can obtain significant savings.  If you would like to learn more about the best cheapest car insurance rates contact us and let us review your current car insurance policy.

Discounts that help you Lower your Car Insurance for the cheapest car insurance

Bundle and Save. One way to get the cheapest car insurance is to bundle your home insurance, renters insurance with your car insurance company.  When you purchase a new vehicle find out about Safety features and anti-theft features that could save you more money!  Ask about Preferred Payment methods, in many cases if you agree to automatic deductions for a checking account you can obtain a lower rate for the cheapest car insurance.



How to pick your first homeowners insurance policy

homeonwners insurance

Homeowners Insurance  first home!

Homeowners insurance is made up of coverages that may help pay to repair or replace your home and belongings if they are damaged by certain perils, such as fire or theft. It may also help cover costs if you accidentally damage another person’s property or if a visitor is injured at your home. Purchasing your first home can be an overwhelming process, one fraught with emotion and endless paperwork and documentation.

For many people a home is the most significant purchase of a lifetime, making it even more critical to protect this investment with a thoughtfully chosen homeowners insurance policy.  While homeowners insurance is not mandated by law the way car insurance often works, most mortgage lenders require that policy be in place before closing on the purchase of your home. But how do you get through all of the available options, obtain a reasonable price, and find a reliable company?

Shop Around for Homeowners Insurance and Shop Early

First it is important to shop around and check with your local independent insurance agent for homeowners insurance.  Start early during the home buying process to find a good homeowners insurance company. Sometimes home buyers wait until the end of the loan approval process  and after the appraisal process to start shopping for homeowners insurance. Work with an independent insurance agent who can do the legwork for you!  We represent many great homeowners insurance companies.

Understand various Homeowners Insurance and Fire Dwelling Insurance policies

When shopping for homeowners insurance for your first home, be aware of different home insurance policy options that could include a Fire Dwelling policy, Homeowners 3, and Homeowners 8. Ask your local independent insurance agent to explain the different coverages available under the different insurance policies.  Doing your research in advance allows you to learn more about the homeowners insurance policy options and coverage.

Homeowners insurance is not a one size fits . all and each form has different coverage options. A common choice for first time home buyer is HO3 that normally offers replacement cost on the dwelling and replacement cost coverage on contents coverage.  It is a good idea to discuss the options with your local independent insurance agent to find the best homeowners coverage for your first home.

Know what factors determine your homeowners insurance rates

Home Insurance

Home Insurance

A variety of factors will impact your ultimate policy premium. Factors include your home’s value, location, the level of insurance coverage and even your credit score.  Still other items play a role  in the cost and may include the building materials used to construct the home and the age of the property. Brick homes could receive a lower premium compared to a wood sided home because of the reduced risk of fire hazard, collision damage,  or structural collapse.

When your home was built  could determine if the wiring, plumbing, heating and air need to be updated. In addition, the age of the roof could impact the homeowners insurance rates.  Older homes are prone to asbestos and lead based paint. If a home is considered a greater risk to insure this could cause an increase in the homeowners insurance rates.  The key takeaway is that there are many items beyond your control that could impact the cost of home insurance and there are also variables you can select or determine when purchasing a home insurance policy.

To bundle or Not to bundle Home Insurance

Bundling is one of the choices you can make to lower your home insurance premium.  Most insurance companies offer a multi-policy discount, making it a good idea to combine your home and car insurance policies.  Check the homeowners insurance with your current car insurance company and ask about the multi-policy discount if you bundle the insurance policies.  Bundling your home insurance with your life and car insurance may lower your rate by up to 20%.  However just because you have an existing auto policy with a specific insurance company does not mean it is automatically the best company for your home insurance. It is still important to ask questions and consider and consider other providers as part of your insurance research process.

Understand the difference between Market Value and Replacement Value

When determining how much insurance coverage you need it is important to know the difference between market value and replacement value. Market value is the amount that you can sell the home for on the current real estate market in your local area. Replacement Value is the cost to rebuild the home back to the pre-loss condition using like kind and quality building materials.The amount of insurance does not include the land or lot.  We represent many home insurance companies contact us for a homeowners insurance quote for your first home purchase.


4 Ways Your Home Insurance Should Be Ready For Halloween


Halloween, which dates back to Celtic rituals thousands of years ago, has long been associated with images of witches, ghosts and vampires. Today, Halloween has evolved into a celebration characterized by child-friendly activities, such as costumes, trick-or-treating and carving pumpkins into jack-o’-lanterns.


Home Insurance halloween

Home Insurance Ready for Halloween

This Halloween, we’ll all be enjoying passing out candy and treats to the little trick-or-treaters that arrive to our front doors screaming for some candy.  Unfortunately, there will be those large monsters that arrive and we’ll have to deal with the trouble.

Vandalism and property damage are on the rise and should be expected in one way or another this October 31st.  Besides mischievous acts, the risk of others getting hurt on your property or the accidents that may be caused by holiday decorations all added up may cause more than just headaches you’ll be dealing with.  Is your homeowners insurance policy ready to handle any horrors that Halloween may bring? Here are some of the most common Halloween events that may trigger an insurance claim:

Fires – Electrical equipment and candles used to frighten the night are just a couple hazards that cause accidental fires each year.  A homeowners or renters policy usually contains a special coverage known as Loss of Use or Additional Expense (Click to learn more)

Dog Bites – Even the most innocent of pets can become frightened by the sight of ghouls and goblins running in the darkness.  In defense, a scared dog can bite one or more of the children. In many different policy, specifically homeowners insurance in this instance, dog bites are usually covered under the liability and medical expenses portion of your policy.  Check your policy specifically as this varies by state and insurer. Specific breeds of dogs may be excluded from coverage as well.

Slip and Falls – With everyone wearing costumes not specifically made to be worn on a regular basis, these elaborate and sometimes unwieldy costumes make it hard for them to walk normally.  Furthermore, masks that eliminate peripheral vision can become an extreme threats. These are just examples of a couple hazards that make it easy for children and adults alike to experience a slip and fall.  Generally speaking, the liability portion of a standard homeowner’s policy will cover these types of accidents.  It is an obligation for you, as homeowner, to try your best to clear the path of any obvious hazards such as extension cords running along walkways, candy wrappers or other trash that may cause a slip, etc.

Vandalism Vandalism is defined as action involving deliberate destruction of or damage to public or private property and is typically covered in a homeowners insurance policy.  If you experience vandalism to your property, it is vital that the damage be assessed to understand whether or not filing a claim would be necessary. Old Halloween classics such as egging your house or decorating your trees with rolls of toilet paper may seem annoying but cause no significant damage to your property.  Damage to your personal vehicle is usually a car insurance issue. Auto insurance policies that do not include physical damage coverage, specifically comprehensive, may be out of luck in the event of vandalism.

By maintaining some easy preventative measures, you can possibly limit the mishaps and accidents and enjoy Halloween with confidence.  Keep your home well lit, clean your porch, walkways and driveways and take it easy on the hazardous displays. It is vital in situations like this to double check your homeowners insurance policy including liability coverage, additional living expense, and deductibles.  Use this Halloween as a reason to call your agent for a quick check of coverage or to determine whether or not the coverage you need is included on your homeowners policy.

We work with several great insurance companies that offer home insurance.

Dick Watts Insurance Louisville KY  provides homeowners insurance quote in as little as a two minute phone call.  Call a home insurance agent 502-245-3625 for a homeowners insurance quote.


Halloween Safety Tips

Halloween Safety Tips



Auto Accidents

Auto Accidents

Well to put it bluntly- yes. Yes, your car insurance rates are probably going up after a car accident. I know you do not want to hear that but it is true. Anyone who tells your differently is either afraid to tell you the truth or does not know what they are talking about!

In order to understand why car insurance rates go up after an accident or claim, you first need to have at least a general understanding of how car insurance companies determine their rates to begin with. If you file a home insurance claim expect your home insurance rates to increase. Trust me, it is not as cut and dry as you think.  There are multiple layers and variables that go into a home or car insurance rate. Different Insurance companies can weight those factors differently when establishing pricing.  Clients ask me this question all of the time.

Insurance companies set their price based on very particular set of facts, risks and other circumstances at given moment or for a specific home insurance quote.  Some factors insurance companies consider are the loss or claim history, credit scores, and length of time of prior insurance with no gaps in coverage.  If the risks change then the insurance company changes the insurance rate.  If you were going to rent a car to a complete stranger, would you not want to know as much information as possible about the person? You would at least want to know of their prior driving record. If the driver renting the vehicle has had previous accidents, wouldn’t you charge them more for the vehicle rental?

So how much will my rates go up?

Insurance rates accidents

Insurance Rates Accidents

So how much will my insurance rates go up after an accident or claim?  The rate increase depends on several factors, whether you were at fault or not at fault is a major consideration. In addition, the amount paid on property damage vs bodily injury claims will partially determine a rate increase for your insurance. Take a close look at your car insurance policy and it will tell you what the threshold is for accidents and rate increases.  In addition the auto insurance rate increase depends on your prior driving history and the number of prior accidents that you been involved in.

If this was your first accident or claim in a while, the insurance company may take it easy on your rates, but if you have had multiple accidents and claims in short period of time 1-3 years you can expect and insurance rate increase.  The problem with this is you may not be able to find a lower rate and you may have to accept the insurance renewal until some of the driving activity drops off your records. Some insurance companies can go back five years for your driving activity.

When shopping for the best car insurance drivers mainly chose based on price, service, and reputation. But one element that is often overlooked is a company’s surcharge schedule for driving accidents and tickets. Surcharge amounts for tickets and accidents are different for each insurance company.  Some insurance companies even waive your first or minor accident if this is your first accident in years.  As part of the rate filing process insurance companies file the rates in advance with the department of insurance.  Some companies may charge 25% or more for tickets or accidents on your driving record. If you have purchased a new car combined with a recent auto accident you could expect to see an increase in insurance rates.


What about accident forgiveness?

Car Accident Claims

car accident claims

Of course there is this thing called “accident forgiveness”  which many insurance companies have made you believe is some free feature that they just give out from the kindness of their heart. What many people do not know is it is not free. You have to pay extra for accident forgiveness ahead of time . Think about that for a second, you have to pay the insurance company an extra amount over and above your base rates so they do not charge you extra if you get into an accident. Well of course they will not charge you extra after an accident because they are already charging you extra the whole time you have had accident forgiveness. Make sense?

If you have accident forgiveness you are basically pre-paying your rate increase ahead of time.

I bet you have never thought of it that way have you?  What happens if you do not get involved in an accident? You have handed over extra cash for no reason. You could say the same thing about insurance in general . If however, you do not purchase accident forgiveness up front you can still get it for free over time if you are a safe auto driver.  Many insurance companies will forgive your first accident if you have been claims free for 3-5 years prior to your most recent claim. The time frame depends on the insurance company.

So how do you avoid an insurance rate increase? It is simple be a careful safe driver. Keep your loss history and driving record as clean as possible.  Before filing a claim find out your deductible and get an estimate. Determine if the damage is less then your deductible.  Stay tuned for my next article,  Will my home insurance rates decrease if my credit rating improves?


[Spoiler Alert]: Here Are The REAL Reasons You Should Bundle Your Home and Auto Insurance

I think by now if you have paid attention to any insurance marketing you probably have heard the term “bundling” more often then you would like to hear the term. Between Flo’s bundle price gun and other large name insurance carriers claiming to “bundle your way to savings it is time to cut through the fluff and clarify exactly why should combine your homeowners and auto car insurance policies.

By the way   Bundling or Combining  in the insurance space means to bring together two or more insurance policies with the same company to achieve multiple purposes of saving money convenience and oh so much more.

What we did here at Dick Watts Insurance is an audit of all our insurance policy holders and we found some interesting data. Check this out! After our audit we found that our average 2 car household premium with homeowners insurance combined is approximately .  $1860. The average multiple policy discount across all of our insurance companies is 18%, so $1860 is the average rate after the 18% muti-policy discount, which means you save approximately $410 annual on insurance. If you are a millennial or single mother or single father reading this, serious savings and cash could be put toward other expenses.

If you are a baby boomer reading this those are valuable savings and assets the could be invested for retirement savings.


Insurance Bundling Discounts

Insurance Bundling Discounts home and car insurance


As with most things that have to do with home and car insurance I tend to get more excited then the normal consumer, since it is my job!

So let’s chat about some other great reasons why you would want to combine your insurance policies in addition to the discount you get on your rates.

The Combined Insurance Discount

storm damage homeowners insurance

Homeowners Insurance storm damage

With some home and auto insurance companies and car insurance companies , there is a benefit offered called the combined deductible. This is where you have the home and car insurance companies combined with the same insurance company or insurance carrier . In the event of a loss  that affects both your home and auto insurance policies the company offers a shared deductible. For example, if you are backing out of your garage and hit the garage with your car.  Now you have one occurrence for each policy the home and auto insurance policies and could incur two separate deductibles for the home insurance claim and the car insurance claim. Some insurance companies offer the combined deductible so you end up only paying one deductible for the loss or claim.

This is simply not possible when you have your policies with two separate insurance companies and could save you hundreds of dollars which is especially important in the event of an at fault claim. It is also saving you money simply on your car and home combined insurance rates and premiums.

The Ultimate Time Saver

Car Accident Insurance

Auto Accident Insurance

The blessing to having and independent insurance agent like myself , is that we are a one stop shop for all of your insurance needs, no matter what companies  carry your auto insurance policies. An even better bonus is that we can work together to place all of your insurance with the same carrier to make the best use of your time as a consumer .  The last thing anyone wants to do is to all call around to a bunch of insurance companies for multiple insurance quotes.  In the most recent insurance example one of the major insurance companies we represent came out with a new innovative mobile app to better serve our customers . The insurance company mobile app allows you to input your policy numbers with the insurance carrier and it will populate all of your policy information so you can obtain car insurance proof of insurance cards, make payments and report accidents and report claims. Safeco Insurance for the win

will also show me as your independent insurance agent in the mobile app to make sure you are best served at all hours of the day!

I am going to be bold here and say the following, have you ever heard the saying “too many cooks in the kitchen can spoil the broth!”  Well the same applies to insurance. Too many insurance agents in your household can lead to serious insurance coverage gaps and possible claims problems.  Gaps in your insurance coverage can be a real issue, that is why it is best to work with one Independent Insurance agent in Kentucky. We can combine your home and car insurance policies and offer personal umbrella insurance to offer the best coverage. Only an insurance agent who is paying attention will catch this!

Boat Insurance

Boat Insurance quote!

Combining your home and auto insurance is just the start of the excitement!  By combining your boat insurance, ATV insurance, Motorcycle Insurance and RV Insurance and Motorhome Insurance you are allowing yourself to save even more money!  When you bring all of your household possessions under one insurance roof, like our independent insurance agency, it is giving you the best option for savings and convenience.

Why do Insurance Companies Love when your Combine Home and Car Insurance with One Insurance Company?

Combined home and car insurance

Combine Home and Car Insurance for Savings and discounts

Time for the insurance truth!  Insurance companies and Insurance agencies love when you combine all of your insurance with the same insurance company. In 2012 JD Power and Asssociates completed an insurance study on insurance consumers and found Customer Services satisfaction rankings skyrocketing due to policy bundling. The study showed a clear message in that customers felt happier, safer and more protected when they combined insurance policies with the same insurance agency.

Multi- Policy Discounts Home and Car Insurance Discounts!

Insurance Discounts Home and Car Insurance

Home Insurance and Car Insurance Discounts!

I have mentioned it a few times above and as mentioned in the introduction, you are equipped by the insurance marketing world to know that bundling your insurance policies will save you money. #Truth #Savings #Money Some Insurance companies offer as much as a 20% discount of the total insurance rate if you combine another line of insurance with your primary carrier. Using your independent insurance agent to navigate with you to find that you are getting the best insurance rate and all available discounts!

So your next steps to save money!

I will give you a guide on what you can do next ; Next Steps

  1. Check out where you are currently on your home and car and renters insurance. If they are with different insurance agencies or insurance companies then it would be best to look for an independent insurance agent where you could combine all of your insurance policies  with the same insurance company.
  2. If you have an independent insurance agent that you like to work with, have them shop for a lower rate by combining your home and car insurance policies with the same company. If you don’t have an insurance agent call us today and we can conduct a free insurance review.
  3. Evaluate what is best for you and your family moving forward. If it is best to combine the home insurance and car insurance then your agent should be able to help you with this. If you found this article helpful, request a free insurance quote from our website:

I’m pretty confident that if you asked anyone who has ever owned a rental property you would get an overwhelming response that it’s not as lucrative or easy as they thought it would be. In fact, owning a rental property can be a major pain, and end up costing you a ton of money!

I certainly don’t mean to be a “Debbie Downer”, and I know that if it’s done right it can be lucrative, but from an insurance agent’s perspective, I don’t see a lot of people doing it right.

So you’re probably thinking, “Well Chris, you are an insurance agent. What do you know about real estate or rental properties? Why should I take advice from you?”

I’m not a real estate agent, and I don’t own a rental property. However, several of my friends/family/clients/co-workers own rentals, and because I insure a bunch of their properties, I’ve had a first hand account of the process, and I’ve learned what to do, and what not to do.

Continue reading →

I was recently asked this question by one of our Dick Watts Insurance clients, and thought I would share the answer here for our readers.

There are a lot of things that go into homeowners and auto insurance rates, one of them being credit. I’ve heard a lot of complaints from people who don’t like the fact that insurance companies use credit in their underwriting.

Some people have absolutely no idea that it’s used in the rate at all.

At the end of the day, there’s not much we can do about it though. Insurance companies have been using credit in their rates for decades, and that’s not likely to change.

By the way, insurance companies don’t pull your credit like a mortgage company or credit card company does. There is no negative impact on your credit as a result of an insurance company looking at it.

When I say “pull” what I mean is that the insurance company is doing what’s called a soft inquiry, which is not the same thing as having your credit pulled (hard inquiry).

When does credit play a role in insurance rates?
It’s important to understand that insurance companies don’t continuously check or monitor your credit. Usually, they only check it when you first get a quote and/or sign up with them in the very beginning.

This means that if your credit score increases (or decreases) your insurance company does not automatically know about it.

So, to my customers question of whether or not his increased credit score will lower his rates, the answer is not automatically.

What has to be done on our side as the agent is contact the carrier the insurance and ask them to do what’s commonly referred to as a “re-score”. This is when the insurance company can re-run the person’s credit (soft inquiry) to see if there is any positive bearing on the rate.

This isn’t something that the insurance company is going to let the agency do every single year, so it’s not worth even asking unless there has been a significant change in your credit score, and only you as the customer would know if that was the case.

If you’d like to get a better handle on your credit rating, it could be helpful to setup credit monitoring. We hope this was helpful! As always, leave us comment below if you have any questions.

Why do my auto insurance rates keep going up even though my car is getting older?  At Dick Watts Insurance, many of our clients ask this question so I would like to address it from a couple of angles.

First things first, even though it’s called car/auto insurance, it covers more than just your car. It should technically be called “auto-owners” insurance, similarly to how home insurance is actually called “home owners insurance”.

It’s important to understand that there are a lot of variables that go into insurance premiums, and with auto insurance, it’s no different.

The insurance company is much more concerned with you crashing into someone and causing them (or yourself) bodily harm, or death, than they are about your car. A car is a material possession which can be replaced.

A human life is not.

When is the last time you looked at your auto insurance policy?
If you look at it you’ll notice there are a lot of different coverages on your auto policy.

Bodily injury
Property damage
Un-insured motorist
Under-insured motorist
Medical Payments
Loss of Income
Funeral Expense
Loss of use
Rental Reimbursement

These are all things that you are covered for on your auto policy. How many of them have to do with your car?


How many of them have a price next to them on your policy?

All of them.

Your car isn’t the only thing you’re being charged for on your policy
That’s because auto insurance covers far more important things than your car as mentioned above.

Let me re-phrase that: your car insurance rate isn’t just based on your car.

You’re not the only one…
It’s also important to understand that you are not the only person your insurance company insures. You are one fish in an ocean of other fish, sharks, and sea creatures, all who have different characteristics and risk profiles.

Insurance is all about spreading costs over a large number (risk pool) of people, which each person paying their fare share. That risk pool is constantly changing, and is impacted by a ton of different things, including the overall economic climate.

This means that you are sharing in the cost of millions of other people, many of whom may have poor loss history and/or credit.

That’s what insurance is though — sharing in the cost.

The next time your auto insurance rates go up, take a look at the big picture. Make sure you’re looking at ALL of the coverages, and corresponding rates.

Hope this helps!  If you would like to know more about Car Insurance be sure to visit our page dedicated to it.