Celebrating UPC’s 20th Anniversary in Florida!

We had the exciting opportunity to visit Florida this past weekend and celebrate UPC’s 20 Year Anniversary with them. We are grateful to be working with such a good company and look forward to work more with UPC in the future!

Posted in News

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Posted in News

Is the Assigned Risk making a comeback?

Having been working in insurance for over 30 years, I can recall the days of using carbon paper and typewriters.  Back when I started, rating auto policies was done manually, with limited rating factors.  Nowadays, rates are done through the computer using algorithms and it’s almost impossible to determine one’s rate.  Rates are driven in a large part by credit, prior coverage history together with tickets, accidents and other claims going back as far as 5 years. Some companies even charge more for claims involving personal injury regardless of whose fault the accident was.

Interestingly, over all those years, the Assigned Risk really hasn’t changed it’s rating structure. The Assigned Risk is a state’s auto program that is designed to write people that have trouble getting insurance. Although I haven’t used the AR for years,  I am beginning to now find that the AR or NYAIP can be a good fit in certain circumstances. This is because the  AR does not base a rate on one’s credit or on having prior coverage.  Furthermore, only tickets and at fault accidents, going back just 39 months, are rated. Not at fault accidents, hit and run accidents and no seat belt tickets are not rated.  The AR also does not begin charging for a ticket or an accident until it is at least 3 months old.

Knowing the ins and outs of the Assigned Risk aka the New York Auto Insurance Plan has come in very useful.
Posted in Blog

Insurance for Jewelry: What You Should Know

Over the years, you may have accumulated some jewelry – from an engagement ring, expensive necklace to a finely crafted watch. You may also be looking into purchasing some new items of value. Either way, it’s a good idea to schedule these items on your Homeowners policy or to buy a separate jewelry policy to protect them. To learn more about the questions you should be asking regarding jewelry insurance, here is a some valuable information from one of our carriers, Safeco: https://www.safeco.com/blog/jewelry-coverage

You can also look on our Facebook Page at some posts we shared from Travelers, another carrier that provides jewlery insurance.

Lastly, if you have any questions regarding your current coverage and seeing about adding jewelry, feel free to call, text, or email us!

Posted in Blog

Happy First Day of Spring!

 

From all of us at Curran Cooney Penny Insurance Agency, we would like to wish all of our clients a lovely first day of spring. Cheers to warmer, longer days and more time spent outside!

Posted in Blog, News