Corin Insurance Group LLC

Time to insure your summer fun! Whether it's your motorcycle, RV, boat, or travel trailer, now's the perfect time to check out our carriers' lowered rates and potential multi-policy discounts.

Reach out today for a quick quote and enjoy worry-free adventures all season long!

Check out our latest blog for your back yard summer fun!

Outdoor Entertaining: Ensuring Your Backyard is Safe and Secure ​Transform Your Backyard into a Summer Haven: ​Essential Tips for Safe and Fun Outdoor Gatherings!

Wishing you and your family a safe and fun summer!

We insure your toys! Let us quote it today!

Check out our March newsletter!

We get lots of questions on what umbrella insurance covers. Read below!

Understanding Umbrella Insurance: A Quick Guide from Your Local Insurance Agent ​Don't Get Caught Uncovered! Discover How Umbrella Insurance Shields Your Assets Beyond the Basics.

Check out what to do after an auto accident

7 Essential Steps to Take After a Car Accident ​Just Survived a Car Accident? Don’t Panic! ​Follow These 7 Crucial Steps to Protect Yourself & Your Rights

We are excited to expand our passion for insurance and helping people to Kansas and Missouri!

We are here to answer all the questions you might have!

Demystifying Home Insurance: 5 Essential Terms Explained By Your Local Insurance Expert Decode Your Home Insurance Like a Pro! Learn the 5 Key Terms That Will Empower Your Choices and Protect Your Home! ​ Gain a Deeper Understanding of Your Policy for Smarter, More Confident...

https://www.corininsurance.com/blog/winter-defense-5-key-strategies-to-protect-your-home

It is almost that time of year! Check out this blog to protect your home this winter!

Winter Defense: 5 Key Strategies to Protect Your Home Winter's Wrath Won't Stand a Chance! Embrace the Expert-Backed Strategies for a Cozy, Safe Haven. ​Winter Defense Made Simple – Because Home Protection Equals Family Protection!

We loved participating in the National Night Out! Such a fun community event we look forward to every year. Thank you to all the sponsors and participants that make these possible!

***I hope that you find the below useful. It doesn’t matter the carrier, this is everyone

The insurance marketplace is tightening up and it's happening fast. It’s happening especially fast for home and auto insurance companies. This is regardless of what state you are in, however California, Florida, Louisiana and Texas are being hit especially hard. Carriers are pulling a full hard stop on issuing any new policies across the country, and carriers that have NOT put a moratorium on binding new coverage, are actually just leaving the market or they are selling to other carriers/merging. They simply can't operate profitably in this inflationary market. *EVERY DAY* we are hearing about a pause on new business, or a carrier putting a full stop on writing new policies. Some carriers are requiring *full premium payment* up front for new business or requiring a 20 to 30 day hold on new applications. Carriers may shift underwriting guidelines, so they *only* want preferred business… no claims within 5 years (not 3 anymore), home and auto bundles, etc. Some carriers will NOT reinstate coverage if it lapses, no matter the reason.
The market is disrupted and it WILL affect you. If it hasn’t yet, it will. I have personally seen premiums double and triple what they were the year before.

The cost of claims has risen exponentially in the past 2 years, thus resulting in the carriers having to raise premiums or pull out of some markets. In some states, carriers have applied for rate increases, but have not been able to get them approved, so they simply shut down for new business.

If you have an auto or home insurance policy, your rates have gone up, and if they haven’t, they will. This isn't personal, it’s not based on a claim you may or may have not had, it’s simply the cost of doing business. If you have *not* gotten a rate increase, be prepared for one at your next renewal, if you get renewal terms at all.

➡️The cost to rebuild your home is up dramatically due to the rising cost of materials and labor. Supply chain for materials continues to be an issue. We can all agree that everything has gone up in price. Carriers simply can’t survive paying these higher prices without charging more themselves.

➡️The cost to repair your car is up dramatically due to the rising cost of auto parts and labor to fix your car. In addition, parts in vehicles now include some technology features. Replacing a side mirror or windshield used to be $500 - now it’s more than triple that.

➡️The cost of medical care continues to skyrocket. Bodily injury on auto accidents is off the charts.

➡️Litigation is expensive and settlements are rising at an unprecedented rate.

➡️Both the frequency and severity of auto accidents are WAY up post COVID along with the rising frequency of auto fatalities.

➡️ReInsurance (the insurance your insurance carrier buys to help cushion catastrophic loss) is at or approaching capacity in many markets, and rising rates are unsustainable.

This is a significant issue affecting the property & casualty industry, and pricing correction is anticipated at least through 2024. It won’t be for forever, but it is here now.

There are some things you can do to help get through this current insurance market:

✅ Consider Higher Deductibles. This will help save some money on your policy.
✅ Safe Driving Telematic Programs. Telematics can reward you by giving you a discount for good driving.
✅ Discount Reviews - make sure you're getting everything you're entitled to. Every carrier has different discount opportunities. Make sure you go over those with your agent.
✅ DO NOT let your policy cancel or lapse *for any reason*. Carriers are not reinstating coverage as easily as they once did. If it does cancel, they may require premium in full before reinstating. This is across the board for every line of coverage.
✅ Bundle your Auto and Home for more discounts and more stable pricing. Bundled/Packaged policies most always include better coverage and benefits and the cost savings is usually 10-15% (or more) on each policy. Many business risks can also bundle options.
✅ Consider tenure - jumping companies too often will hurt you in the long run. In addition, some carriers won’t take you as a new client if you have less than two years with a carrier. And more importantly, carriers are getting off of some risks if a claim happens in the new business term or for the number of claims in a 3-5 year window. Tenure matters with a carrier.
✅ Follow the laws so you don’t get any tickets. Those tickets really add rate to your policy and stay on your record 3-5 years, depending on the carrier.
✅ Absorb small claims when you're able, and save coverage for catastrophic losses. Talk with your agent and let them claims counsel you should a loss happen. Stop using your towing or roadside assistance as a maintenance policy. Frequency of claims REALLY matters. A lot.
Lastly, please remember that we are agents for the carriers. We don’t make the rules, we don’t have control over the rates and we don’t make the decision if your policy is cancelled by the carriers. We are here to help educate, make sure you have the best insurance for your situation, manage your account with the carrier, and claims counsel when needed. We are doing our best to manage carrier changes with client needs.

I hope this message explains a little bit of what is going on in the insurance marketplace. Please be nice to your insurance agent - they are also taking the same increases, navigating carrier changes and doing their best to help you through this.

*Thank you to some really smart agents that helped put this together and is being shared widely. Ccd

Let us run some quick quotes for you! We have options for all coverage levels!

🎇Happy 4th of July 🎆 from your favorite insurance company! 🇺🇸🇺🇸🇺🇸❤️❤️

Happy Mother’s Day to all you wonderful moms out there!

If you don’t have to get out then don’t!! Best bet is to stay home! Be safe and warm!

Driving on Ice: Do's and Dont's As many prepare for the winter months, and some are already experiencing the extreme effects of the cold, it is essential to acknowledge the risk that icy roadways pose to drivers.

Have a classic you need to insure? We do that!!
www.CorinInsurance.com

It's that time of year! Nominate us for Southlake Style's Readers' Choice! We appreciate you being part of the Corin Insurance family!

Readers' Choice 2023 Readers' Choice 2023

Call us to insure your valuable jewelry!! We have some great options!!
[email protected]
817-688-4108
www.corininsurance.com

Your go to for Auto-Home-Life-Business insurance!!
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Wishing you and yours a happy, safe Thanksgiving!!!

September is Life Insurance Awareness Month!
Get an insurance policy to protect your loved ones quick and hassle free with no medical exam! Here is the link:

https://agents.ethoslife.com/invite/2882e

Check out our latest blog!!

http://www.corininsurance.com/blog/6-common-mistakes-when-buying-homeowners-insurance

6 Common Mistakes When Buying Homeowners Insurance 6 Common Mistakes When Buying Homeowners Insurance Home insurance can be very challenging to figure out despite being one of the most important insurance types. Knowing some of the most common...