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    Personal Insurance Blog

    Insurance Haikus

    Posted by Gordon Atlantic Insurance

    Fri, Feb 17, 2017 @ 12:54 AM

    Insure your home with homeowners and enjoy insurance haikus from Andrew Gordon IncYes, that’s right. Haikus. Like the ones you wrote for the much hated poetry projects in English class. These are the result of an attempt to diversify our blog towards other content. So if you like this, drop us a comment (maybe your own insurance haiku).

    Homeowner's

    Keep track of your stuff
    Take video and pictures
    For we will rejoice

    (Seriously, knowing what you own and keeping record will save you time and money if you file a homeowner's claim. Click here for our Homeowner’s Checklist)

    Prepare for storms and hurricanes with homeowners and haikus from Gordon InsuranceHurricanes

    No wind coverage
    Time is ripe for hurricanes
    Sorrow for the coast

    (Get a quote from us, or watch our educational Wind & Named Storm Video)

    It’s an act of God
    Tree bough rains down on your car
    Need comprehensive

    (Comprehensive coverage is designed for just such a situation. Comprehensive Coverage applies when a car’s been damaged by either a natural or civil disturbance (such as a hail storm, a falling tree, or an act of vandalism)).

    Understand driving laws and cover yourself and your automobile with auto and haikus from Gordon InsuranceAuto Insurance

    Failure to signal
    This driver cannot escape
    The standards of fault

    (The operator of a vehicle shall be presumed to be more than 50% at fault when operating a vehicle which is in collision while failing to signal as required by law before turning or changing lanes. Use your blinker!)

    There’s a new driver:
    Junior Operator Laws
    Are strict; drive safely

    (click here to see the Junior Operator Laws and implications)

    A new text message
    While driving on the highway
    Please don’t answer it

    (The new safe driving bill outlaws texting REGARDLESS OF AGE, for the details on this new legislation, click here)

    Andrew Gordon Inc provides all your home auto life and commercial insurance needsInsurance

    Visit our website
    It is Agordon dot com
    You will not regret

    Learn more about personal insurance here.

    Home Quote Request  
    Corbin Foucart

    Tags: rates, insurance, cheap, homeowners, rental, car, homeowner, poetry, haiku

    Auto Insurance Rates on the Rise in MA

    Posted by Geoffrey Gordon

    Wed, Jul 13, 2016 @ 10:25 AM

    The Boston Globe recently ran an article about automobile insurance rates in Massachusetts increasing between 6% and 9% on average this year.   The article outlined some of the reasons behind these increases including:

    1. Lower gas prices mean people drive more.

    2. More drivers on the road mean more accidents.

    3. Even though newer cars are getting safer, even small accidents now cost a lot more to fix.

    4. Investment income, traditionally part of an insurance company’s economic calculus, is so low today that it no longer contributes much to an insurance company's bottom line numbers. That difference is made up for with additional costs for consumers. 

    Additionally, according to the Globe, traffic fatalities nationally were up nearly 7.7% last year.  This affects costs for bodily injury, the coverage used when someone gets hurt.  Thus, it isn’t just that new cars cost more to fix, medical costs for injury caused by auto accidents are also on the rise.  In the settlement of an auto claim, adjusters use values assigned to the damaged vehicle, but the cost to treat the injured can exceed the policy limit.  

    Ultimately auto insurance rates are derived from four primary factors:

    • the kind of car you drive,

    • the amount of insurance or how much insurance you buy,

    • where you live, and

    • your driving record.

    Massachusetts prohibits the use of credit scores in pricing auto insurance, but these are used in most other states because credit scores are predictive.   To address this, Massachusetts carriers use proxies for credit such as home ownership or group / association memberships.   This is why package credits – insuring the home and car with the same company - are so meaningful today.

    Naturally more expensive cars cost more to insure for collision and comprehensive coverages.   On the other hand, liability costs are less affected by the kind of car you drive.  It doesn’t matter whether you’re driving an expensive car or an old beater: if you hit someone else, it’s the cost to fix their car or make them well again is the same.

    auto-insurance-rates-on-the-rise-ma

    The next factor, where you live or more accurately where your car spends the night, is another rating factor.  Cities have higher congestion, meaning higher accident frequency; this affects insurance rates for everyone in your city or town.    The Globe article mentioned that the average annual premium in Massachusetts was $1080 in 2013.  Most suburban drivers pay less than this, and urban drivers a little more.

    Finally the biggest factor in auto insurance costs is your driving history. Good defensive driving will lead to lower auto insurance costs for everyone, but mostly for you.

    Gordon Insurance represents most of the top companies in Massachusetts so we always try to find the right company for you.   For more on automobile insurance in general, visit our website at www.agordon.com/auto, or call us at 800-649-3252.

    Contact Us

    Tags: auto, rates, insurance, massachusetts, boston globe, rising rates, andrew g gordon insurance

    Why Did My Home Insurance Premium Go Up?

    Posted by Gordon Atlantic Staff

    Thu, Jan 17, 2013 @ 03:11 PM

    Ice storms, snow storms, tornadoes,  hurricanes- oh my! These were just a few of the catastrophic weather events that Massachusetts homeowners faced over the past few years.  

    Homeowners learn why your home insurance premium may rise with andrew gordon incWhat does this have to do with your  home insurance premium rising?  

    Throughout the insurance industry, these weather happenings resulted in record setting property damage and home insurance claims.  Across the board, insurers evaluated the adequacy of their home insurance pricing  after catastrophic events slammed insurers balance sheets in recent years. 

    What is the net result? 

    Home insurers will be charging more to cover expected claims and the rising cost of reinsurance- the insurance on their insurance. Many insurers rate increases are in the 10% range. In addition, stricter underwriting guidelines are being used to determine eligibility including distance to the coast and timely premium payments.  The net result is the home insurance market is tightening for Massachusetts consumers.

    If you were one of the lucky ones not impacted by weather events and or did not file a claim, a premium increase is a particularly  tough pill to swallow. Or if you did file a claim, a premium increase is still hard to understand particularly if this was the first time that you ever filed a home insurance claim.

    How can I get the best price?

    Our agency www.agordon.com  reviews home insurance renewals for customers to make sure the best priced option and coverage is provided to our clients.  An example, over the past few months, I reviewed several home insurance renewals for four customers. The rates increased in the 10% range for each of these homeowners. None had filed a claim and all were taking advantage of discounts including account credits for bundling auto and home insurance together.  We went to work and compared pricing with more than a dozen companies for each customer. The analysis showed for each of these customers that their current home insurance program was still the best priced option even with the premium increase. 

    For each of these customers, we made other suggestions to save premium. Three of the customers opted for higher deductibles and the other decided to self insure some scheduled jewelry listed on the policy. The net result was all four customers were able to reduce their premium back to the price they were paying the previous year. 

    If you are looking out the window at the moderate temperatures on the thermometer and dry pavements, record setting meteorological events may be a mere memory. It’s not quite the same recall for home insurers as they tally their balance sheets and continue to adjust rates. You can be assured that our agency www.agordon.com strives to assure the best priced option and coverage is afforded to all new and renewing customers. Learn more about homeowners insurance here.

      Rising Insurance Rates Download Home Quote Request

    Tags: home, rates, cost, increase, personal, rising, 2012, insurance, massachusetts, homeowners, premium

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