The Moseley Insurance Agency LLC

7 day Tropical Weather outlook as of 8/1/2024

Visit our Website: https://www.eugenemoseley.com

Considering the fact that we are all flawed; when given the chance to do something right— do it!

Sign-A-Rama came through!!! Designed and
installed in less than two (2) weeks. Thanks Jim Mitchell and team .

Tracking the movements of customers between 10 large auto insurance carriers, a chart in the report shows six carriers—American Family, GEICO, Liberty Mutual, State Farm, Travelers, USAA— lose most of their business to Progressive when customers decide to switch.

Progressive Gains as Drivers Shop Around for Auto Insurance—Again Although it may have seemed like drivers had thrown in the towel on trying to find cheaper auto insurance prices late last year, a new study of consumer

Need a price on replacing a sign blown down. Will need a pattern cut from old sign, paint board and reinstall separate tenant signage and re hang. Message me 251-272-1200

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Ready to transition into entrepreneurship by starting your own digital insurance agency?

Through our comprehensive curriculum, participants will gain valuable insights into the digital landscape of the insurance industry, learning how to leverage cutting-edge technology and innovative strategies to build and grow your own agency. From understanding the fundamentals of insurance sales and marketing to mastering the intricacies of digital lead generation and client acquisition, our course equips attendees with the knowledge, skills, and resources needed to thrive in today's competitive market.

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Insurance Riders are additional or added features designed to enhance an insurance contract. For example: having a life insurance policy with a Long Term Care Rider. Or, having a long term care policy that has a return of premium rider in the event the long term care benefit is never triggered. Other insurance contracts may have a $10,000 life insurance rider on a minor child of the parent, until the child reaches a certain age, usually 22 years old. That same rider may have a conversion privilege in the event the child becomes uninsurable. Some whole life policies have options to pay up dividends in cash or to have dividends off set premium payments. Using insurance to manage financial risk has been around for centuries. If you have questions about your insurance portfolio and would like to speak with one of our agents, please contact our office at 251-727-6999

Annual Reviews are encouraged throughout the insurance industry. The meeting is to determine if any changes are substantial enough that adding or changing your current coverage is warranted. Annual Insurance Reviews are designed to uncover opportunities for the agent, but more important to benefit the client. Life cycle changes (marriage, divorce, births; death) requires updates which can be critically important when prompt contact is required. If you do not have an insurance professional trained to provide an objective analysis of your coverage, feel free to contact The Moseley Insurance Agency LLC at 251-727-6999

ARE YOU REALLY SURE YOUR AUTO LIABILITY LIMITS WILL PROTECT YOU?

I am amazed when discussing auto insurance how many people don’t understand what their personal auto liability limit is. The Alabama Motor Vehicle Safety and Responsibility Act requires a minimum amount however; once the minimum is exhausted, your personal assets are exposed.

It is possible that even though you have insurance, you could be responsible for excess damages that exceed your insurance.

Speak with your insurance carrier and have them analyze your personal financial profile as it may be a good idea to tailor your limits to fit you personally.

Long-Term Care Insurance Quandary: Keep Paying or Let It Go? As long-term care insurance premiums go up, many policyholders are struggling with what to do. Accept higher premiums, reduce benefits, let the policy lapse or take a payout?

No Long-Term Care Plan? Here’s What to Do About It Small-business owner Jennifer found herself in a tough caregiving situation and doesn’t want to subject her family to that. What are her, and your, options?

Medicare to Broaden Access to Mental Health Care in 2024 Medicare is set to expand its coverage of mental health care services in 2024. Here’s what you need to know.

Long-Term Care Planning Protects You and Your Family More likely than not, you’ll need some form of long-term care in retirement. Figuring out now how to handle the costs would be like building a fence around your retirement home.

Top 10 reasons to have a will - Membership Matters Having a will can make all the difference when protecting your loved ones after something happens to you. Here’s why you should consider a will and how Foresters can help.

📣 It’s Alabama College Application Week!

Seniors, now is the time to apply for those colleges you may want to attend. Application fees are waived this week.

Understanding your mortgage escrow can be daunting . When purchasing a home by way of a mortgage, the mortgage company may require you to pay taxes and insurance by “escrow”— meaning your insurance and taxes are prepaid by your mortgage company and you pay it back monthly as you pay your mortgage. What I find in the majority of insureds cases is — insurance rates will increase over time; and lately — taxes‼️

Homeowners who live along coastal communities face a greater likelihood of an increasing payment as insurance cost and property taxes are on the rise.

LESSON #1: Know that if you plan to mortgage a home for twenty (20) plus years, that you’re likely to encounter higher insurance rates, which will translate into higher mortgage payments. Having a house note you can afford today, may not be the case when increasing insurance costs is out of your control. Within the last year some of the biggest brands in insurance (State Farm , Allstate, Farmers, Kemper) have ceased writing policies in California , Florida and Louisiana.

It’s likely that insurer rates will increase as fewer companies are available to spread the risk and low rates only mean more exposure for the carriers that are writing; hence higher re- insurance (what insurances companies buy to reduce exposure) which means higher rates.

If you’re considering purchasing a property in a coastal state, spend more time evaluating your personal financial strength and perhaps adjusting your appetite as to the cost or size of home you’re considering.

HOW IS ESCROW ADJUSTED ?

Typically around January of each year, a mortgage company will send out a statement to the insured, reflecting the overage or shortage in one’s escrow. If this amount is short, the shortage is spread over the next 12 months of your house payment. So if your homeowners insurance increases by $1200 a year, approximately $100 a month will be added to your mortgage payment. It is a good idea to analyze your escrow statement each year. In some cases I have had customers who had to pay back three years worth of escrow shortage by the time the mortgage company reached out to the homeowner.

A good practice would be to contact your mortgage company each year around January or anytime between October and the new year, to determine if your escrow is running short. Also, that would give you an opportunity to reach out to your insurance agent and have them re-shop your insurance or make adjustments to your current coverage.

Does your car insurance automatically cover a rental car if you decline to purchase the damage coverage offered by the rental car company?

The short answer is consult your auto insurance policy. Generally an auto insurance carrier will extend rental coverage to a temporary substitute vehicle. To qualify as a Temporary Substitute the described vehicle would have to be inoperable due to a covered loss. The logic is the insurance carrier is only collecting a premium for one vehicle so if the rental vehicle and the described vehicle sustained damage, the insurance carrier would effectively have to repair two vehicles after only receiving a premium payment for one vehicle. Some insurance carriers however will cover a rental without the described vehicle being inoperable. Check with your particular carrier for details.

Education 4 Life Inc. on Studio 10 Education 4 Life, Inc. (Ed 4 Life) is a non-profit education program that tutors, mentors, and assists students with skill building their academic endeavors while attending school.