Frees Advice

COVID-19: Dude, Where’s My Car?

Posted on June 1, 2020 by Taylor Payne

We’ve all seen the photos of the lack of smog and pollution over Los Angeles since the COVID-19 Stay-at-Home orders were put in place. Those who have quarantined may not have driven anywhere except the grocery store, if you even did that. So, what does all of this mean for your car and your car insurance? Most insurance carriers are providing…

Insurance & COVID-19: Family Moving Home

Posted on May 28, 2020 by Taylor Payne

A long time ago, Lisa and I had a son that lived at home. He graduated from college, got a job, moved out and recently got married. He and his wife recently returned to our house as a refuge from living in New York City. What we experienced is happening all over the country as people attempt to deal with all of the changes brought…

Insurance & COVID-19: The New Home Office

Posted on May 18, 2020 by Taylor Payne

We have now all settled into a new routine. The morning is no longer stressed by a long commute in a car on congested roads. Instead, for most of us, the commute is from your kitchen to wherever your new make-shift desk is located. The stress of the commute is now replaced by the stress of trying to work from home and trying to…

Children Moving Out of the House

Posted on April 17, 2020 by Taylor Payne

Details. Details. Details…
They can be annoying in life, but they are VERY important in insurance. Who is an insured is defined within all policies. Most policies define an insured to include the named insured and “resident relatives.” This eliminates the need to add all of your children, aunts, parents, etc. But it also excludes coverage for children when they move out and establish another…

COVID-19: Ways to Save

Posted on April 7, 2020 by Taylor Payne

This year has gotten off to quite in interesting start with the COVID-19 pandemic. Cancellation of school, weddings, sports, and even the Olympics makes for challenging times. While these times have certainly been difficult, I like to think that they have also brought out the best in people.  We continue to look for ways to support the residents of Phoenixville and our local economy…

Home Insurance Uncovered: Dog Bites

Posted on March 10, 2020 by Taylor Payne

Woof! Woof! Ouch! More than one-third of all homeowners’ insurance liability claims are attributable to dog bites. Statistically, 61 percent of dog bites occur at the owner’s home; further, 77 percent of victims are bitten by a dog owned by a family member or family friend. Unfortunately, insurance companies are beginning to draw hard lines in the sand when it comes to dog…

Excess UMUIM

Posted on February 25, 2020 by Taylor Payne

That could never happen to me, right?

For the first 30 years of my career, we have had insureds involved in serious accidents. Some paid the total amount of liability coverage under the policy. In those cases, it was $300,000 or $500,000. There was one loss, from about 10 years ago, that the total paid out for our insured was $4.5 million…

New Car Buying Tips

Posted on February 18, 2020 by Taylor Payne

It’s appealing to buy a new car that looks great and is fun to drive, but it also pays to look beneath the surface for features that make your vehicle safe to drive and affordable to insure.

Car insurance costs are based, in part, on the model’s safety history, the cost of vehicle repair or replacement, and the likelihood that the car will…

What is a Liability Umbrella?

Posted on January 30, 2020 by Taylor Payne

Insurance has some of the least exciting names for things. It isn’t like Red Bull or Mountain Dew. We have terms like stacking and unstacking. Boring. We have Marine which means we also have Inland Marine. Weird. We have Tort, not the delicious one, and then there is the “umbrella.”

Insurance can be divided into two basic parts; insuring “stuff” and liability. “Stuff” includes…

Premium Payment Options

Posted on January 21, 2020 by Taylor Payne

Paying your bills has never been easier. You used to have to check the mail, write a check, and mail the envelope back, always hoping the post office didn’t lose your payment. Almost every company has made it easier, faster, and safer to pay your bills. Insurance companies are no different. They know your time is valuable and provide many options for paying your…