Frees Advice

The Future of Insurance – Pt. II

Posted on October 29, 2019 by Taylor Payne

Information storage occurs in bytes. First there were bytes, then kilobytes. Now? We have moved through terabytes and exabytes and we now measure data storage in yottabytes. What does all of this mean for insurance? Insurance loves the science of actuary. Actuary is the theory of large numbers. Give an actuary a sample with 1 million or more records, and they can reasonably predict things…

Crime Prevention Month: Home Safety

Posted on October 2, 2019 by Taylor Payne

Every 13 seconds, a burglary occurs somewhere in the U.S., adding up to approximately 2.5 million burglaries each year, according to Alarms.org. Two-thirds of those crimes are home break-ins, and if it were not for home security systems, that figure could be significantly higher — a study from UNC Charlotte found that 83% of convicted burglars said they checked for an…

The Future of Insurance – Pt. I

Posted on September 17, 2019 by Taylor Payne

It’s 1984 and little has changed in the insurance world. We still use manual typewriters. Insurance policies have $50 deductibles for home insurance and replacement cost protection for houses and contents doesn’t exist yet. Fast forward 35 years and the insurance world is entirely different. The fax machine has come and gone. Regular mail is almost a thing of the past and if…

“But My Friend Pays Less”

Posted on September 12, 2019 by Taylor Payne

Have you ever been out to dinner with friends or neighbors and you start talking about auto insurance? It always seems like your friend or neighbor is paying less than you. It doesn’t make sense. You’ve seen the dents in their car; you are definitely a better driver. Why are you paying “more” for your insurance?

We get this question at the office…

Safety Features Don’t Always Mean Savings

Posted on September 4, 2019 by Taylor Payne

“But they said it would save me money….”

There are such fascinating technological changes occurring. Each day brings something new. I am old enough to remember when you actually had to wind up a window and if it was cold, you actually had to scrape the ice off your mirror. Now? The average American car is over $35,000. Why? Technology.

Bumpers that used to…

Back to School: Borrowing & Lending Cars

Posted on August 9, 2019 by Taylor Payne

The new school year is quickly approaching and many students are leaving for their college dorms and apartments. If you are living at college, it’s important to know the implications of borrowing a friend’s car or lending your car to others. If your son or daughter is at college, be sure he/she is also aware of the associated risks of sharing cars…

The Trouble With Passwords…

Posted on July 30, 2019 by Taylor Payne

I remember my best friend Butch’s home phone number from when I was eight. I remember my wedding anniversary and my children’s dates of birth. I cannot ever keep track of my passwords and user names. My solution? A password app on my phone. In fact, I make that app available to everyone in my office and in my family.

In addition, we…

Honesty & Responsibility

Posted on July 25, 2019 by Taylor Payne

Honesty and responsibility. Why are these the topic of an insurance Blog? Mainly, because we see the circumstances that arise when people are not responsible, like when someone backs into your car and leaves the scene without leaving a note. We also see when people are not honest. This happens when people cause an accident, accept fault at the scene, and then change their story…

Golf Carts, Jet Skis, and Scooters, Oh My!

Posted on July 17, 2019 by Taylor Payne

Ah, summertime. Time to kick back and head to the beach. There are all sorts of temptations while on vacation; cold drinks, rare steaks, and all manner of transportation. It seems that wherever you go these days, you can rent almost anything; scooters, bikes, boats, and my new favorites… jet skis and golf carts. I am sure that most of you give little, if any…

Reporting an Auto Accident

Posted on July 9, 2019 by Taylor Payne

roadside assistance

What should you do if you get in a car accident? It’s not something that’s fun to think about, but it’s something most people will have to deal with during their lives at some point. It’s crucial to know what important information is needed, especially if it becomes a sticky situation. Whether you have been hit, hit someone else, or have…