Simply Explaining Insurance
320 episodes - English - Latest episode: 2 months ago - ★★★★★ - 149 ratingsSimply Explaining Insurance
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Episodes
Simply Explaining Insurance #69- Comprehensive vs. collision
November 20, 2018 22:16 - 6 minutes - 7.33 MBIf your garage door closed on your car and smashes the rear window of your car is this covered as a Homeowners Claim? Comprehensive claim on the auto policy? Collision claim on the auto policy? Ill bet you’re wrong. Find the answer in the podcast or audio embedded in the blog below. Links: My Website […] The post Simply Explaining Insurance #69- Comprehensive vs. collision appeared first on Dietz Agency.
Simply Explaining Insurance #68- Withdrawing Claims
November 14, 2018 13:09 - 8 minutes - 10.4 MBIn this episode I talk about the repercussions of filing an auto insurance claim. I have had a few instances in my career where a client had filed a claim, or had one filed against them and they wanted it withdrawn. This is the rub of my business. Everyone is paying for a product they […] The post Simply Explaining Insurance #68- Withdrawing Claims appeared first on Dietz Agency.
Simply Explaining Insurance #67- Cyberliability
November 07, 2018 17:21 - 5 minutes - 6.22 MBCyber crime has become yet another thing for business owners to worry about. Good news is there is a product called cyberliability to ease some of that worry. Business owners can add this to some existing policies, or purchase a stand alone policy that will protect them from such acts. If your company stores sensitive […] The post Simply Explaining Insurance #67- Cyberliability appeared first on Dietz Agency.
Simply Explaining Insurance #66- Clue Reports
October 24, 2018 18:14 - 8 minutes - 9.65 MBThis episode is for those who are buying a home. Purchasing a house is a lot of work and there are a mountain of hoops to jump through and tons forms to fill out. One of the most important forms is the property disclosure form. A question on that form, is “Have you filed any […] The post Simply Explaining Insurance #66- Clue Reports appeared first on Dietz Agency.
Simply Explaining Insurance #65 Bike v. Car
October 15, 2018 21:49 - 5 minutes - 6.67 MBBike vs. car. You read that right. Not car vs. bike. I recently had a claim filed where the cyclist hit the car (no serious injuries thank God), and not only that, the cyclist was TICKETED for failure to yield. The cyclist did have some minor injuries. The car was damaged and the person driving […] The post Simply Explaining Insurance #65 Bike v. Car appeared first on Dietz Agency.
Simply Explaining Insurance #64- Dryrot
October 04, 2018 16:50 - 11 minutes - 13.8 MBI had a conversation with a client that wasn’t pleasant due to a denied claim. This is a battle that I will continue to fight and it is one of the main reasons I write on this blog and record podcasts and videos. My industry does a terrible job of educating our clients on how […] The post Simply Explaining Insurance #64- Dryrot appeared first on Dietz Agency.
Simply Explaining Insurance #63 Auto Insurance Pricing
September 26, 2018 21:48 - 11 minutes - 13.4 MBI get calls in my office once in awhile from clients who want to know how their pricing on auto insurance is determined. This simple question does not have an easy answer. There are dozens and dozens and dozens of factors that are taken into place to price a policy. You know many of them. […] The post Simply Explaining Insurance #63 Auto Insurance Pricing appeared first on Dietz Agency.
Simply Explaining Insurance #62- What if your dog brings a skunk into your house at 2am?
September 12, 2018 17:25 - 6 minutes - 7.52 MBI have been an agent since 2004 and every week, I get to learn something new. I continually get questions I haven’t heard before. The latest question I had to answer from a client, was “If my dog brings in a skunk and the skunk sprays inside the house, is there any coverage for that?” […] The post Simply Explaining Insurance #62- What if your dog brings a skunk into your house at 2am? appeared first on Dietz Agency.
Simply Explaining Insurance #61 Medical vs Liability
September 05, 2018 19:50 - 5 minutes - 7.15 MBMany of your insurance policies have two lines of coverage called “medical” and “liability”. The coverage offered inside of these are similar, but they are triggered in different ways. In this podcast I discuss the difference between the two. With medical, generally, fault does not come into play. With liability someone has to be liable. […] The post Simply Explaining Insurance #61 Medical vs Liability appeared first on Dietz Agency.
Simply Explaining Insurance #60- Who’s at Fault?
August 29, 2018 21:10 - 8 minutes - 9.62 MBOne thing insurance companies care greatly about is who was at fault or who is liable. This comes into play in almost all types of claims, especially auto insurance claims. This podcast helps explains how fault is determined. I also discuss what steps you should take if you are in an accident on a […] The post Simply Explaining Insurance #60- Who’s at Fault? appeared first on Dietz Agency.
Simply Explaining Insurance # 59- Tenants Improvements and Betterments
August 21, 2018 19:44 - 5 minutes - 6.59 MBIf you run a business, lease space and did a buildout, there is a specific way to make sure that buildout is covered. It all comes down to how it is dictated in the lease. If you did a buildout, who owns the buildout? It depends. The lease SHOULD tell you if the buildout is […] The post Simply Explaining Insurance # 59- Tenants Improvements and Betterments appeared first on Dietz Agency.
Simply Explaining Insurance #58 – Water Main Break
August 14, 2018 16:38 - 5 minutes - 6.59 MBI have had clients call me and ask if there is coverage on their homeowner policy if the water line going INTO their house springs a leak. Unfortunatly, the answer is almost always no. Your homeowners policy will cover damage done by water, from a sudden and unexpected release of water from a closed water […] The post Simply Explaining Insurance #58 – Water Main Break appeared first on Dietz Agency.
Simply Explaining Insurance #57- The #1 Life insurance mistake
August 09, 2018 17:15 - 8 minutes - 9.76 MB.I have had some uncomfortable conversations with some clients regarding their life insurance. It has come from clients I have absorbed over time from other agencies. These clients weren’t counseled properly on how to fund their permanent life insurance policy. Permanent life policies are a different animal and they require a small amount of constant […] The post Simply Explaining Insurance #57- The #1 Life insurance mistake appeared first on Dietz Agency.
Simply Explaining Insurance #56- Campers and Trailers
July 30, 2018 21:30 - 4 minutes - 5.96 MBIf you own a camper or a trailer, it’s important to make sure you have it covered properly. There are a few ways you can do this. With my company, you can add it directly to an auto on your auto policy and add comprehensive or collision coverage to the camper or trailer. OR if […] The post Simply Explaining Insurance #56- Campers and Trailers appeared first on Dietz Agency.
Simply Explaining Insurance #55- Home Inspections
July 10, 2018 22:13 - 7 minutes - 8.68 MBWhen you purchase a new homeowners insurance policy, it is common for the insurance company to come out and take a lap around the outside of your house and inspect it. Why do they do this? To see if there are any existing issues that might lead to future claims. If they see certain things, […] The post Simply Explaining Insurance #55- Home Inspections appeared first on Dietz Agency.
Simply Explaining Insurance #54- Commercial auto insurance?
July 03, 2018 21:39 - 7 minutes - 8.74 MBShould you carry a commercial auto insurance policy? This is a question you should ask yourself if you are self employed, or if you own a business. A regular personal lines auto policy is there for an average daily use vehicle. It is for people who commute to and from work, run errands, take the […] The post Simply Explaining Insurance #54- Commercial auto insurance? appeared first on Dietz Agency.
Simply Explaining Insurance #53- Workers comp and subcontractors
May 09, 2018 19:09 - 7 minutes - 8.46 MBThis is an area where business owners have some confusion. How to handle workers compensation when you hire a 1099 subcontractor. There has to be workers comp in force whenever you are exchanging money for labor. Employers can hire workers as an employee, or as a subcontractor. I would encourage you to consult an accountant […] The post Simply Explaining Insurance #53- Workers comp and subcontractors appeared first on Dietz Agency.
Simply Explaining Insurance #52- Slow Leaks
April 18, 2018 14:53 - 5 minutes - 7.07 MBSlow leaks in a home are the worst. They generally not covered on most homeowners policies. Water is covered from when the loss is “sudden and unexpected” like a burst pipe. Things that are generally not covered are wear and tear and neglect. As houses age, things break down. It is the obligation of the […] The post Simply Explaining Insurance #52- Slow Leaks appeared first on Dietz Agency.
Simply Explaining Insurance #51- Off Premises Property
April 05, 2018 15:31 - 5 minutes - 6.53 MBIt’s important to have coverage for your stuff. Whether it is your personal property in your home, or your equipment for your business. I encourage everyone to evaluate their coverage amount and at the same time, make sure that coverage is there for you if you need it off your premises. On a personal lines […] The post Simply Explaining Insurance #51- Off Premises Property appeared first on Dietz Agency.
Simply Explaining Insurance #50. Prior Insurance
March 23, 2018 21:44 - 5 minutes - 6.84 MBMost people understand why it is important to keep your auto insurance in force. It’s the law. That doesn’t scare 1 out of 7 people out there who are driving around uninsured. What you may not know, is there is a financial consequence to having a gap in your auto insurance. People who have gaps […] The post Simply Explaining Insurance #50. Prior Insurance appeared first on Dietz Agency.
Simply Explaining Insurance #49. Hired and Non owned Auto
March 12, 2018 18:58 - 4 minutes - 5.74 MBThere are two coverages inside of a commercial auto policies that you need to be aware of. Hired and non-owned auto will protect your business if you and/or your employees are in an accident. Hired auto will cover you if you are renting a car for business. The liability from your policy will transfer over […] The post Simply Explaining Insurance #49. Hired and Non owned Auto appeared first on Dietz Agency.
Simply Explaining Insurance #48 Saving on Workers Compensation
February 28, 2018 15:15 - 9 minutes - 11.3 MBWorkers compensation is a need for any company that has W2 employees. It is a policy to protect your employees if they are injured on the job. The pricing on a workers compensation policy can be confusing at first, but it’s really pretty simple when it is explained. There is your payroll, your industry rate, […] The post Simply Explaining Insurance #48 Saving on Workers Compensation appeared first on Dietz Agency.
How to protect you and your business if you are accused of sexual harassment.
February 20, 2018 17:46 - 6 minutes - 8.23 MBWhat if you as a business owner are accused of something by an employee or ex employee for something that you didn’t do? What if you are accused of sexual harassment? Or wrongful termination? Or discrimination? What if this disgruntled employee hires a lawyer? According to a 2015 Hiscox study, 1 in 5 businesses of […] The post How to protect you and your business if you are accused of sexual harassment. appeared first on Dietz Agency.
You were just hit by an uninsured motorist. Who pays for the repairs on your car?
January 31, 2018 12:29 - 7 minutes - 8.77 MBDid you know statistically 1 out of every 8 drivers is uninsured? There is a coverage called uninsured motorists that is available on your auto policy, but did you know that covers your medical bills? What about your car? How is that covered? What if you have liability only on your vehicle? The answers lie […] The post You were just hit by an uninsured motorist. Who pays for the repairs on your car? appeared first on Dietz Agency.
Is your entire truck covered on your auto policy?
January 19, 2018 00:53 - 3 minutes - 4.86 MBWhen you write an auto policy with an insurance carrier, the insurance company insures the vehicle for blue book value. If you make any additions to the vehicle, it’s important to let your insurance company know in order to make sure everything is covered. For example, if you add a cover to your truck. It’s […] The post Is your entire truck covered on your auto policy? appeared first on Dietz Agency.
Add gap insurance to your auto policy to save.
January 10, 2018 15:46 - 5 minutes - 7.55 MBLet’s say you just bought a spanking brand new car. It has all the new tech, all the bells and whistles and as your seat is warming up and you are figuring out how play a song on your radio, you rear end someone and total it. You walk away unscathed other than your pride […] The post Add gap insurance to your auto policy to save. appeared first on Dietz Agency.
Simply Explaining Insurance- OEM Parts
January 05, 2018 21:58 - 6 minutes - 8.69 MBThis topic many don’t know about and many will not care about. BUT, I have had a number of conversations in my agency over the past year revolving around this topic so it was time to chat about it. What are OEM parts? OEM stands for Original Equipment Manufacturer. This is an endorsement you can […] The post Simply Explaining Insurance- OEM Parts appeared first on Dietz Agency.
“It gave me the time to grieve”
August 15, 2017 13:48 - 18 minutes - 25.5 MBI sat down with a friend recently so that she could share the story of the most difficult time of her life. Lisa lost her husband after a brutal bout of cancer. Dan was 49 years old. Dan did a beautiful for Lisa years before. He purchased a life insurance plan for her and it […] The post “It gave me the time to grieve” appeared first on Dietz Agency.
Understanding Health Insurance
November 01, 2016 16:16Health insurance has gotten a little confusing and quite frustrating. This episode is to help break down how to get a plan that is proper for you. There are a number of ways to buy health insurance. You can go direct through the carrier, or buy a plan through an exchange. The exchange in Idaho […] The post Understanding Health Insurance appeared first on Dietz Agency.
Making sense of your Medicare options
October 13, 2016 22:13Medicare options can be a confusing landscape to navigate. I wanted to take the time to simplify your options so you have the ability to choose the proper plan. In this episode I discuss what traditional medicare parts A and B are. More importantly I discuss the two main options you have,to supplement the gaps […] The post Making sense of your Medicare options appeared first on Dietz Agency.
Group health insurance. What you should really know.
September 29, 2016 12:58The health insurance landscape over the past few years has gotten very confusing. Ever since the Affordable Care Act (ACA) or “Obamacare”, business owners are scrambling to find out what they need to know. Luckily for you I have Kelly Madison on the show. Kelly has been offering health insurance plans for over 20 years […] The post Group health insurance. What you should really know. appeared first on Dietz Agency.
The auto insurance coverage you are paying for, but may not need.
August 31, 2016 18:58 - 7 minutes - 10.2 MBThere can be some confusion sometimes between what constitutes “full coverage” auto insurance and liability only. What full coverage means, is that you have liability AND coverage to repair your vehicle in the event of an at fault claim. Other coverages are available on an auto policy, but they are optional and don’t automatically come […] The post The auto insurance coverage you are paying for, but may not need. appeared first on Dietz Agency.
What to do when your home is full of water.
August 23, 2016 21:27 - 22 minutes - 30.9 MBIt’s a homeowners biggest nightmare. Picture yourself coming home from a long day of work to an empty house. Maybe you’ve been looking forward to sitting down with a glass of wine or an iced tea and a little time to decompress. You pull up and your driveway is wet. You open the garage and […] The post What to do when your home is full of water. appeared first on Dietz Agency.
Learn how to choose the right amount insurance for your house in 5 minutes.
August 11, 2016 13:42 - 5 minutes - 8.61 MBYour home is most likely only your biggest asset and it is crucial that you insure it properly. Odds are you have no idea what your home is insured for. Maybe your mortgage broker put it all together for you with an insurance agent. It’s time to dust off that policy and take a look […] The post Learn how to choose the right amount insurance for your house in 5 minutes. appeared first on Dietz Agency.
Extend your homeowners liability!
July 12, 2016 22:25 - 4 minutes - 6.7 MBDid you know that you can extend your liability from your homeowners policy to a plot of land? You can also extend it to watercraft like jetskis or boats. It is VERY inexpensive way to make sure you are adding that protection to things that need it. Take a few minutes and listen to this 4 […] The post Extend your homeowners liability! appeared first on Dietz Agency.
What if you are hit by an uninsured driver?
June 28, 2016 22:04 - 5 minutes - 8.33 MBThere are two coverages that should be built into your auto policy. They are called Uninsured motorists and underinsured motorists. They protect you and anyone in your car if you are hit by someone who doesn’t have ANY insurance or if they don’t have enough insurance. These are an important defense to making sure you […] The post What if you are hit by an uninsured driver? appeared first on Dietz Agency.
“Why does my insurance go up?”
May 25, 2016 12:45 - 8 minutes - 11.8 MBThis is a question I get once in awhile. “Why did my insurance go up, I have never even filed a claim?!”. When you have a true understanding on the mechanics behind how insurance works, I think you will see why rate increases occur. When insurance is needed, it is used to pay for dozens […] The post “Why does my insurance go up?” appeared first on Dietz Agency.
Your group life insurance plan, should be secondary to your own plan.
May 11, 2016 23:45 - 5 minutes - 8.4 MBI think it is amazing when a company offers group life insurance as part of their benefit package and if your company offers it, get as much as you can. There can be some shortcomings though if this is the only policy you have to protect your family. For starters, most people have no idea how […] The post Your group life insurance plan, should be secondary to your own plan. appeared first on Dietz Agency.
90% of rideshare drivers have a gap in their auto insurance
May 05, 2016 12:50 - 7 minutes - 10.4 MBTo steal a line from my childhood hero Ferris Bueller, “Things move pretty fast these days.” You can now order a cab from your phone using a rideshare service. I used Uber for the first time recently and was amazed at the entire process. The simplicy, the elegance of the app and the fact that […] The post 90% of rideshare drivers have a gap in their auto insurance appeared first on Dietz Agency.
When you store your car, store your insurance too
April 27, 2016 12:46 - 3 minutes - 5.48 MBShort little tip here. If you have a car that you use seasonally and have it stored for months at a time, make sure you let your insurance agent know. They will strip all of the coverage off of it except for the coverage called “comprehensive”. This covers it if it is damaged while in […] The post When you store your car, store your insurance too appeared first on Dietz Agency.
A user manual for homeowners.
April 13, 2016 22:42 - 29 minutes - 40.7 MBYour house is one of the biggest investments you will ever make. I sat down with Brandon Wright who is the owner of Ultra Clean. He unloads, a ton of useful information to help us understand what to look for and how to prevent damage to our home. Homes do not come with a user […] The post A user manual for homeowners. appeared first on Dietz Agency.
How you pay, determines how MUCH you pay.
March 31, 2016 17:42 - 4 minutes - 6.86 MBThis is a short and sweet podcast that explains some of the details on insurance billing. It isn’t the sexiest of topics, but I will teach you how to get the most out of your insurance dollar. Since you will be paying for insurance for the majority of your life, knowing this can save you […] The post How you pay, determines how MUCH you pay. appeared first on Dietz Agency.
How good landlords use renters insurance to protect their investment.
March 17, 2016 16:11 - 6 minutes - 9.76 MBThere are plenty of benefits for a renter to carry renters insurance, but did you know how it can protect you as the landlord? The most important part of this policy for you the landlord, is the line of liability that is included. Most renters policies include liability that protects you against fire, smoke and […] The post How good landlords use renters insurance to protect their investment. appeared first on Dietz Agency.
Are you carrying the proper deductible on your insurance?
March 15, 2016 20:37 - 6 minutes - 8.74 MBThe deductible you choose for your insurance, directly affects what you pay. The higher your deductible, you lower your premium. The question is, what is your cost threshold? How much are you willing to “self-insure” for? I have clients who are paying too much for their insurance because they have their’s set too low. In […] The post Are you carrying the proper deductible on your insurance? appeared first on Dietz Agency.
5 pieces of advice for you and your youthful driver.
February 29, 2016 23:15 - 9 minutes - 13.7 MBIf you have an son or daughter that is about to get their drivers licence, it’s an important time in all of your lives. I remember when I turned 16 and my father took me down to the DMV to get that little piece of plastic. It was one of the first times I […] The post 5 pieces of advice for you and your youthful driver. appeared first on Dietz Agency.
Protecting yourself against identity fraud
February 18, 2016 13:56 - 6 minutes - 8.78 MBIdentity fraud will continue to be a growing concern for us. There are ways to protect yourself out there and one of those ways can be through your insurance policy. Some insurance companies, including the one I am with, offer a rider on their homeowners policy or renters policy that offers active credit monitoring. Learn […] The post Protecting yourself against identity fraud appeared first on Dietz Agency.
Why my kids have life insurance (and maybe yours should too)
December 03, 2015 13:44 - 6 minutes - 9.84 MBLife insurance for kids sounds like a strange premise. It can also be a polarizing subject. I would only ask that you learn about the benefits of the product so that you can make an educated decision of if it is right for your family. Talk to a licensed insurance agent who offers the product […] The post Why my kids have life insurance (and maybe yours should too) appeared first on Dietz Agency.
You can still get life insurance if you have been declined.
November 24, 2015 14:29 - 5 minutes - 7.44 MBMost life insurance is medically underwritten and if you aren’t in perfect health, you will pay more or you may be declined altogether. There is another option for a very specific group of people who want life insurance but have been declined for health reasons. It is an instant issue policy where you have to […] The post You can still get life insurance if you have been declined. appeared first on Dietz Agency.
Vital information on general liability insurance
November 19, 2015 13:37 - 7 minutes - 11.2 MBCommercial insurance is a vital part of protecting your business and it isn’t something you should go out and buy like auto insurance. You really need to know how to protect your livelihood. There are MANY different types of insurance for businesses including, general liability, workers compensation, E&O, professional liability, malpractice, EPLI and more. Each […] The post Vital information on general liability insurance appeared first on Dietz Agency.
Using permanent life insurance to save on taxes
September 17, 2015 03:27 - 9 minutes - 13.7 MBPermanent life insurance can be a powerful tool if used and understood properly. What people need to understand, is that the money in the cash account, can be “borrowed”. Why is this important? Why not just cash out the money instead of take a loan? One simple, mind blowing answer. You can’t tax a loan. […] The post Using permanent life insurance to save on taxes appeared first on Dietz Agency.