Post Title. 09/29/2011
Insurance and are you paying too much for too little? As a real estate broker and now insurance broker, insurance is something I've always had to pay for in my professional life. Like most or maybe few, lol? I called my insurance broker friend before I was one when I leased my first commercial space for my real estate office and told him I need General Liability it's required by the property management company that is leasing me the space. Now when it happen he sent me over a quote I said ouch and paid it. No brainer I thought aka assumed hey this guy is an insurance broker he knows to shop for the best rate for me and get me the most coverage. I was wrong. Now that I'm an insurance broker as well as a real estate broker I have learned so much about how little service I got from that friend way back when. I mean does anyone know about ELPI policies? They protect you if you’re an employer for sexual harassment lawsuits and conduct type of risks that accrue from behavior in your company’s work place. That is not covered in your E and O and it is definitely not covered in your general liability policy. I had no clue before becoming an insurance broker I assumed my GL aka general liability policy covers that, I was wrong. Now let's talk about what you pay for your general liability policy depending on your business but most cases if that's all you have is a general liability policy your probably paying too much for too little coverage. There are Policies known as BOP's, Business Owners Packages. These policies offer more than just your basic general liability coverage and at cheaper and more affordable costs. Yes you can get better protection for less money. So the lesson for today’s insurance blog is don't just assume your insurance person whether it be an agent or broker is providing you the best coverage at the best rate ask questions and lots of them. We provide a no cost, no obligation analysis of your insurance policies and risks whether it be personal or professional and let you know if you’re good with what you have or if you could be saving money or be better protected. Again it costs nothing and obligates you to nothing. Just shoot me a text/email/or give me a call and we can give you an insurance checkup. Thanks for lessoning/reading remember insurance is one of those things we must have to avoid wishing we should have had when poop hits the fan. Guillermo Serafin DOI 0H04158 CA DRE 01471158 Cell 424-209-8297 Guillermo.serafin@gmail.com Add Comment | Guillermo SerafinI have been in the mortgage and real estate business since mid 2004. I started as a loan officer and shortly their after learned the real estate side of the business. When I attended the real estate training taught by my first broker and mentor the first day of class I knew this was what I was supposed to be doing. I have never looked back and have always looked to expand my knowledge about the mortgage and real estate business as well as the financial markets. As I transacted in my business I learned that no one really was looking out for the client’s total interest. I mean really looking at their financial picture as a whole and assisting them to create a game plan for long term success. I thought to myself this has to change there has to be a better way.. As I did more and more research and brain storming I found that better way. I learned the fix annuity and life insurance side of things as well as the property casualty business. I’m constantly striving to learn and expand my abilities as a wealth accumulation expert. ArchivesNovember 2011 CategoriesAll |
RSS Feed