DeKok Insurance Group, Inc.

507-226-8121 [email protected]

Comprehensive & Collision Coverage

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As an insurance agent, I get asked this question a lot, “What is the difference between comprehensive coverage and collision coverage on car insurance?”

Here is the answer:  Comprehensive coverage covers just about everything other than a collision type accident. For instance, if a tree falls on your car, the damage to your car is covered under your comprehensive coverage. If you drive into a tree, your car damage is covered under your collision coverage.

Here’s a visual example of collision damage:

And, of comprehensive damage:

What if you hit an animal in the road (even though technically you collided with the animal), that is covered under your comprehensive coverage. Another loss that seems to confuse is if you hit a pothole and  damage your car. That would be covered under your collision coverage (collision with a stationary object).

If you have insurance questions, call me at 507-226-8121 or email me at [email protected].

Jon

Graphics purchased from fotolia.com   © S_E – Fotolia.com    ©Scott Leman – Fotolia.com

Watercraft (Boat) Insurance

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Sailing

With Boat Insurance, there are normally two coverage options regarding physical damage to your boat, motor, trailer, and accessories.

Actual Cash Value or Agreed Value

It is important to understand the difference between Actual Cash Value (ACV)
and Agreed Value.

If a policy is an ACV policy and you were to have a total loss, the adjuster looks at the value of the boat at the time of the loss and pays based on its current actual cash
value (market value).

If your policy is an Agreed Value policy, the insurance company will honor  the value of the boat as agreed upon at the time the policy was written. For example, you buy a new boat for $30,000 and insure it for that value. Five yeas later it’s stolen. Although the boat may not be worth $30,000 due to depreciation, you would be entitled to $30,000 under the Agreed Value policy.

Not all insurance companies offer the Agreed Value coverage. Some companies offer it on newer watercraft, but not on older boats. Some companies like Safeco only offer Agreed Value coverage.

Typically, the premium for an Agreed Value policy is 25% higher than ACV.  The Agreed Value coverage eliminates depreciation in the event of a claim.

It is a good idea to review your watercraft values every two to three years.

Not sure what coverage you have or is in your best interest? Call me and together we can review your current policy.

507-226-8121

Jon

Graphic purchased from Fotolia  © alexford – Fotolia.com

Here Comes the Bride

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You want your wedding day to be perfect. So do I.

We’ve all attended weddings flow with ease and beauty. But. . .what happens if things don’t go the way you planned them?

What if your dress is damaged before your big day?

Or the photographer calls after the wedding to tell you something went   wrong with his camera and he didn’t get a single photo of your day?

These and a variety of other potential losses are covered in our Wedding Protector Plan.

With many weddings costing $27,000 or more, you may want to protect as much of that investment as you can with this low-cost policy. Depending on your coverage choices, this insurance can cost as little as $160.

To learn more call my office at 507-226-8121.

I’d like to make sure things go right on your special day even if something goes wrong.

Jon

Integrity

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My wife took this picture of my dad several years ago – on Father’s Day. This is the same day a small raccoon we later named Fearless came to visit for 3 years. More on that another time.

On March 3rd, 2010, Dad’s life here on earth ended after a stroke followed about a month later by a massive heart attack. I’ve done a lot of remembering in the last year and I have to tell you – I miss my dad’s smile.

I watched my dad farm, sell seed corn, teach Sunday school, and closely observed the way he interacted with family, friends, and neighbors.  He was a good man – a man of integrity.

It’s my goal to serve my clients the way my dad lived.

Remembering,

Jon