Harris, Reed & Seiferth
The best place to be on a sunny summer day is on the water; fisherman would certainly agree. Though, whether you favor the power boat for fishing, the refreshing quality of sailing, or even zippy momentum of jet ski freedom, there's serenity in water-based leisure that propels its infinite popularity. All of the daily worries seem to float away with the waves - until something goes awry and you’re left wondering what to do next.
You have Auto Insurance for your car or truck in the event of accidents. As a boat owner, your boat is vulnerable to risk, just like your car or truck, so it should always be insured and there are two different options that will work for you:
Harris, Reed & Seiferth Insurance Group is an Independent Agency that shops to find you the best value for your insurance dollar. No compromise in coverage or quality, and at renewal we shop again to insure our clients are still receiving the best value for their insurance dollar. If you have more questions, give us a call today to learn more and get a quote.
Contact us today for a quote!
Harris Reed & Seiferth Insurance Group
Hit the gym and work up a sweat for a free Fitbit or discounted Apple Watch from John Hancock!
The Boston-based insurance company's Vitality Rewards program, Wellness Benefits built into Life Insurance, offers policyholders an Apple Watch Series 3 for a $25 activation fee in exchange for regularly exercising, eating better and not smoking.
Customers also can earn discounts on premiums and other perks, too.
Beginning Nov. 6, customers can get the Apple Watch for $25 plus tax, but they must earn monthly points over two years by walking, running, biking or doing any exercise to pay nothing more for the device. Customers in the program who don't meet monthly the exercise requirement will be responsible for paying for the device, the company said. Or, they can opt for the free Fitbit activity tracker.
Both devices are worn on the wrist and help users keep track of movements, calories and sleep. The more you move you move, the more you earn with the new Vitality program. Customers achieve Bronze, Silver, Gold or Platinum status based on an array of healthy activities. The higher the status, the better the rewards and perks. Points also can be earned for visiting the doctor, too.
Customers in the program also may earn up to 15 percent off annual premiums, $600 in savings on healthy food purchases and discounts from Amazon, Hyatt hotels, iTunes, Royal Caribbean cruises and more, the company said.
"At John Hancock, we’re taking a whole new approach to life insurance. With it, you can save on your premiums and earn valuable rewards and discounts by simply living a healthy life. In fact, the healthier your lifestyle, the more you’ll save and the greater your rewards," according the program's announcement on its website. The Vitality program is also perfect for diabetic customers.
John Hancock offers life insurance, mutual funds, long-term care insurance and retirement and college savings plans. Drop us a line or give us a call for more information.
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Buying insurance can be a tricky purchase - but it doesn’t have to be. Simply put, some areas of your insurance policy will just require extra attention to avoid weaknesses in your coverage. Here are some of the major coverage mistakes we’ve seen here at our agency.
Not Insuring Your Home For Replacement Cost
Do you think you only need enough coverage to insure your home for the amount you paid for it? If you said yes, well, that’s just not true! You need to be insured for the amount of money it would cost to REPLACE your home, not the amount of its actual cash value which will include a deduction for depreciation. Think of it this way: the total cost of replacing a home could be tens of thousands more than the house would have sold for on the market, cash value. So, what if a fire or tornado destroyed your home and you’re currently only insured for the cash value? You could be at risk!
Buying The Cheapest Policy
When you shop for insurance, do you settle for choosing whatever is the cheapest? Cheaper isn’t always better. And if you’re looking to save money, you have to be sure you’re doing it smartly. Start with a reputable company; you want to buy from a solid insurance carrier that you can trust to pay your claims. You’ll also want to be sure that you’re comparing apples to apples. If you’re buying for your home, ask yourself if the cheaper policy only insures your home for cash value instead of replacement cost (like above)? Does one company exclude leakage of water but not cover it? These are the details that can often be missed or worse, misunderstood.
Buying Only The Required State Minimum Liability Insurance
While each and every state does have a required minimum amount of liability insurance to drive, it’s often not sufficient or helpful when you’ll need it. Selecting only the minimum could leave you open to a suit, wage garnishment, or even worse, the potential loss of an asset, like your home. You’ll want to be sure you’re discussing different liability amounts with your agent to see what is necessary based on your income, net worth, and liabilities. A bonus? It won’t be near as much as you might think!
Buying Life Insurance Through Work
Many clients initially were telling me that they have life insurance through work and weren’t interested in purchasing their own coverage. Huge mistake. Why? Well for one, gone are the days where people are staying at jobs for 30+ years. On top of that, if you develop health problems and leave your current employer, you’re at risk for possibly not being able to solidify coverage again! Purchasing your own life insurance, which is extremely affordable, ensures that you are covered no matter where you are employed or what health concerns you might develop in the future. It’s the smarter choice, right?
Not Using An Agent
The ultimate solution to avoid all of these coverage mistakes? Work with an insurance agent! As agents, we have vast knowledge on the details and can always find coverage that’s right for your specific situation. It’s our job to discuss different liability amounts and ensure that the one you choose is high enough, to explain the difference between actual cash value and replacement cost and make sure that your home will be covered at the cost to replace it after a loss, to help you put your own life insurance policy in place so that you won’t be at risk to lose it when you change jobs, and to make sure that you aren’t buying an inadequate policy that doesn’t protect you.
Call us today for a quote!
Harris Reed & Seiferth Insurance Group
Thinking about purchasing life insurance? Worried that it might be too expensive for your family at this time? Overestimating true cost by at least 3x leads most of us to avoid life insurance because of the thought that it’s “too expensive”. So, let’s clarify!
Insurance rates, as such with Life insurance, is determined by risks. As the risk of death grows, so does the cost. For the young and health, insurance is extremely inexpensive and can generally be acquired for less than $25 a month for a term insurance plan and less than $50 a month for a whole life insurance plan. These are the two main kinds of life insurance policies - term and whole life. Term insurance policies are only active for a set time period, or term, generally 10, 20, or 30 years and a shorter the term will yield a lower premium since the risk of death declines.
Depending on the long term goal for individuals and families that need life insurance at the lowest price and have young children, a term policy may be a great option as it provides inexpensive coverage to protect the family just until the kids are grown. Be sure to keep in mind that you are in control of the amount of insurance you need, which is based on debt, household income, and how you would prefer your life insurance be used. For example, if you only require $50,000 in coverage, then you’ll pay less than you would for $500,000 in coverage.
The ultimate way to make your life insurance align with your budget is to work with Harris, Reed & Seiferth Insurance Group, a local agency. We’ll run a variety of quotes at different coverage amounts and terms so you have several options. Remember, all variables can be adjusted to make the policy work best for YOU! We’ll look at your current age, health status, family obligations, and your long-term protection goals to recommend the best possible coverage. Call us today to schedule a free, no-obligation consultation and quote!
Harris, Reed & Seiferth Insurance Group is an independent Agency that shops to find you the best value for your insurance dollar. No compromise in coverage or quality, and at renewal we shop again to ensure our clients are still receiving the best value for their insurance dollar. Isn’t that what you deserve?
Quality service and insurance products throughout South Florida, including Palm Beach County, Broward County, Miami-Dade County, St. Lucie County and Martin County.
Harris Reed & Seiferth Insurance Group
There are a handful of variables that contribute to a financial plan's success, including a household budget, emergency savings, retirement savings, and - insurance! It is highly recommended to review the important parts of your insurance financial plan annually to make sure protections are in place.
Protect Your Assets!
Your first thought when it comes to insurance should be protecting what you have, such as repairing your vehicle after an accident and replacing your belongings after a flood. When reviewing your financial plan, confirm that all of your valuable assets, such as vehicles, motorcycles, boats, ATV’s, homes, expensive jewelry and/or fine artwork, etc., are properly protected. Also, in reviewing your set protections, make sure you have a reasonable deductible and full replacement cost coverage. (Don’t panic! We explain all the details)
Protect Your Funds!
It’s unfortunately true - the most important coverage is usually the most misunderstood. When you are held responsible for an accident, your assets and money are at risk! What if your dog bit someone and you were sued? What if your teenager caused a major accident and you didn’t have enough liability coverage? Having proper insurance in place ensures that you are prepared for whatever may happen and the most important step is to look at how much you have to protect, or your total assets, and then create a plan to protect everything.
Protect Your Family!
Making sure your assets have proper protections is important but life insurance and disability income give utmost protection to your family if something happens to you. With these options, you can plan to pay off debt, pay for college, or anything else that is important to you so that it doesn’t become a burden on your family to take care of alone.
We understand that all of this might seem like a lot for you to think about, but it doesn’t have to be! You can meet with our great local insurance agents once a year, or as often as needed when experiencing certain life changing events, and trust that all of these things are taken care of. Why not take a few minutes to schedule an insurance financial planning review with one of our agents? Call us today!
Harris Reed & Seiferth Insurance Group
Welcome to our new insurance agency blog!
This is our very first post. We're not quite sure what we're going to write about here, but the plan is to create helpful content for customers and prospective clients about information that is relevant to you.
We hope you'll come to view this as a top resource for keeping your family and your finances safe.
Here are a few of the topics we may be writing about:
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