Posted on 2/16/2018 7:48 AM By Larry Trapani
While not the most fascinating topic for a blog, as an Independent Insurance Agent, many of our customers and prospects are confused over what insurance is for, what is covered and most important, what is excluded.
Posted on 2/1/2017 1:05 PM By Larry Trapani
This is one of those sad stories. It's a story that doesn't have a happy ending, but hopefully can illustrate the point that having the right protection can literally save your life.
Posted on 12/14/2016 9:00 AM By Larry Trapani
Several years ago, we got a new customer under some very difficult circumstances.
What happened was that my future customer, (I'll call him Mr. Unlucky), owned a 65 year old building on Long Island. It was a mixed use property with a Chinese take-out restaurant on the ground floor and apartments above.
Posted on 12/6/2016 10:19 AM By Larry Trapani
We have a serious problem. I know you are going to find this hard to believe, but Insurance is boring! That's right, I've said it!
Here's have a quick story for you. On a monthly basis, I make my staff take continuing Education training to stay current with the latest and greatest in the insurance industry. I even take it myself because I feel responsible to make sure you are completely protected.
Zzz What's that? Sorry, I already fell asleep. Let's continue…
Posted on 6/29/2016 10:33 AM Larry Trapani
Considering adding debit and credit card options to your laundromat? Brooks Waterburn Insurance, your Laundromat Insurance experts answer your coin vs. card questions. We protect over 1,000 locations nationwide and would be glad to help you make sure your investment is completely protected. Give us a call at 888-997-9801
Posted on 2/26/2016 3:15 PM Larry Trapani
Most laundromat owners I know (I know over 1,000 of them), really don’t spend much time thinking about their laundromat business insurance. After all, the renewal is only once a year and they shopped it when they bought the insurance. Within a few dollars, you are probably getting the best deal, right?
Sadly, when I look at a current insurance policy of someone, I almost always see major gaps in coverage that would put in jeopardy their laundromat if they had a claim. The business could permanently close!
With that in mind, here are my Top 5 Things to Consider When Purchasing Laundromat Insurance:
1. When You Bought the Laundromat, Did You Buy an Existing One, or Build One From Scratch?: This is the most overlooked coverage I see when reviewing policies. Many laundromat owners do some kind of buildout. Whether they do a renovation or build a laundromat from scratch, the cost of this must be protected. In almost every ...
Posted on 11/17/2015 9:10 AM By Larry Trapani
If you're thinking of buying insurance from one of those direct writers, read this first. If your goal is to protect your family or business from disaster, saving a few dollars on your policy may not be the right answer. Here a 5 of my top reasons why you need an insurance agent.
Posted on 8/20/2015 6:58 AM Larry Trapani
The kids are packing the car and getting ready to go away to college. The question is are the kids protected in the event of a loss? What about liability? Is the family protected under the homeowner policy or should we buy a separate policy for the kids? The colleges are suggesting you buy separate insurance for your kids. But do you really need it?
Posted on 7/20/2015 12:41 PM Larry Trapani
While Flood Insurance is a good affordable coverage to have, it is not a great policy in terms of coverage. This blog illustrates some of the shortfalls of a Flood policy. As an educated consumer you should be aware of the good and bad of Flood Insurance.
Posted on 6/30/2015 6:09 AM Larry Trapani
How Car Insurance Rates are Determined
Ever think the making of Car Insurance rates are as secretive as the Illuminati? Has this ever happened to you; your neighbor about the same age and has the same car is paying $1,500 a year less? Why does this happen? Why does it seem that there is no logic or consistency to developing Auto Insurance premiums?
The answer is: "It's Complicated". Typically there are rating factors that go into making an insurance premium. Here are the most common:...