Many States have enacted a moratorium preventing insurance companies from cancelling and non-renewing policies for non- payment to the insurance carriers during the Covid-19 crisis.
DON'T LOOK AT THIS AS FREE INSURANCE!
The insurance carriers are only delaying your payment due date. This does not apply to automatic payments via bank draft/EFT. Know also, delaying your payment due date does not mean you won’t have to pay at all. What it may do is cause a “balloon” payment to be due when you least expect it. Any unpaid amounts could eventually be turned over to collections if not paid when expected.
Don't let your credit history take a hit.
What can you do to keep your insurance affordable and still pay on-time?
Look at a reducing your insurance coverage. With auto insurance, you must (at least) have minimum liability as required by most state laws. If your vehicle is financed, you must secure the lien holder’s interest by having comprehensive & collision coverage. However, you can increase your deductible on these coverages. The higher the deductible, the lower the premium. Talk with your insurance carrier or insurance agent about possible options.
If you can't afford the EXTRA coverage and are not required to have it, do without during this time. You can modify your coverage when you are back on your feet and financially able.
What about the young drivers on your policy who are home-bound during this quarantine period? You can contact your insurance carrier to see about excluding drivers who are NOT driving during this period of time. Be careful with this option though. If your young driver is behind the wheel at any time, they need to be listed and removing them then letting them take the vehicle somewhere is not a good idea! Also, remember to change them back from an excluded to rated driver once the stay-home order is lifted and life returns to normal.
These are strange and scary times but whatever you decide, protecting what’s important should be top on your list of priorities. Don’t fall into the trap of thinking you can get by without proper insurance on your auto(s), home or even life!
Until next time, take care, be safe and stay informed!
Tommy Curtis & Staff
DIsclaimer: NOT everyone will fall under this moratorium. You can still be cancelled for nonpayment if your new policy effective date is during the moratorium. In doubt, always talk with your insurance carrier to see if you qualify for this moratorium. You will also be cancelled or non-renewed for fraud and/or misrepresentation.
As we move into the second month of 2020, there are so many things to consider when thinking about your insurance.
We're going to take a moment and direct you back to some of our most important and most informative posts throughout the past couple of years.
Our office will be closed Monday, Dec 24th & Tuesday, Dec. 25th as well as Monday, Dec. 31st and Tuesday, Jan. 1st in observance of the Christmas and New Year holidays.
We will resume normal business hours (9am - 5 pm) on Wednesday, Dec. 26th and Wednesday, Jan. 2, 2019.
As we move through the holidays and into a new year, we hope you'll take some time to browse the many blog posts we've shared over the past year or so and that you'll find a wealth of information beneficial to your life, home, auto and/or Medicare insurance concerns.
When faced with life, home or work changes, we certainly hope you'll give us a call and let us service your insurance needs. It's especially important to insure those new toys you got for Christmas! (ie; boats, jet skis, ATV's, jewelry, artwork, etc.)
Meanwhile - Merry Christmas and Happy New Year!
We look forward to serving you in 2019 and beyond....
Tommy Curtis and Staff
“When you change the way you look at things, the things you look at change.” This quote was made famous by Dr. Wayne Dyer, PHD and it is true in so many ways.
Of course, Dr. Dyer was talking about people, places, things and circumstances in your life, but let’s examine this advice in light of insurance.
Most finance companies will require boats to be insured throughout the length of the loan. However, many folks discontinue their insurance once that is paid off and some who buy their boat outright never think to insure it.
Many people operate under the misconception that between their auto and home insurance, their boat, motor, trailer and contents are covered.
Once they purchase the required insurances, most people get comfortable and don’t think about reviewing their coverage unless there is a huge rate increase (or, even worse, if they have a claim!), then they start shopping. That’s fine, but there are times when an insurance review is in order.
Here are a few examples….
Welcome to the official blog for Curtis Insurance of Louisiana located at 509 7th Street in Lake Charles, Louisiana. As you can see, we are a full-service agency, looking to fulfill the Insurance needs of our friends in SW Louisiana. Whether you’re in need of Auto, Home, Renters, Life, Medicare or insurance to cover your RV, Boat, ATV or other items, we can help!
If you’re a landlord in need of dwelling or a property liability policy – we’ve got that too!
Not sure what you need? Give us a call and let us help you figure it out: 337-433-1683
Meanwhile, enjoy your visit to our website.
Until next time, drive safe!
Tommy Curtis and Staff
Is an insurance agent with integrity and your best interest in mind. Call to speak directly to him.
Address: 509 7th Street
Lake Charles, LA 70601
Office Hours: M-F 9a - 5p (CST)