Hall Insurance Agency

We tried Campfire Barbecue today for lunch. It was good! I’m glad to see another successful business in town. Welcome to Republic!

I have to share it ever time I see it!

We can still use a few more sponsors. We also have individual tickets available. This is going to be such a fun event with a really fun theme. You don't want to miss out!

We are still looking for a few more sponsors. Also individual tickets are now available for sale. This is a great way to help the children in our community!!

The truth is, life insurance is for anyone who lives. If you have debt, own a business, or have people who depend on you financially, then you most certainly need some form of life insurance.

It’s going to dip down in the mid to upper 20s don’t forget to un hook your hose from your water spigot 🚰!! Save you a home insurance claim!!

Thank you MO Farm and Home Mutual Insurance for your Blue Bird project donations!

✨️ Thank you MO Farm & Home Mutual and J Hall Insurance Agency for your donation to Care to Learn - Republic!

We are blessed to have a supportive community and making a difference for our students 💚

Health, Hunger and Hygiene - together we can make sure that Republic students/parents have help when needed to meet these basic needs. We need sponsors!

Please consider joining me by sponsoring a table at the 2024 Care to Learn Luncheon!! I am also looking for business/individuals to put together gift baskets for a silent auction. I would love to tell you more! Care to Learn - Republic

Reposting from another Agent. Similar to what I posted several months ago but very important information. During these difficult times in the insurance industry I find it important to educate the public.

PSA: I don't usually post insurance stuff on my personal page, but I do when I feel it’s relevant for the masses. And I feel right now is that time. I hope that you find the below information useful, and I hope that it helps explain what is happening in the insurance world today. It won’t matter what carrier you are with; this is an industry issue.
The Insurance marketplace is tightening up and it's happening fast. It’s happening especially fast for auto and home insurance companies. Carriers are pulling a full hard stop on issuing any new policies across the country. Carriers are leaving the market or they are selling to other carriers/merging. They simply can't operate profitably in this inflationary market. It's getting downright ugly out there. This market is disrupted and it WILL affect you.
➡️The cost of claims has risen exponentially in the past 2 years. Thus, resulting in the carriers having to raise premiums and pull out of some markets. If you have an auto or home insurance policy, your rates have gone up. 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.
➡️ 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 feature. Replacing a side mirror 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 (home and auto), and pricing correction is anticipated at least through 2024. This is a nice way to say - you will see rate increases more frequently.
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.
✅️ 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.
✅️ 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. 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 matters, it REALLY matters.
✅️ Buy your insurance from an experienced Insurance Agent that can help you navigate this crazy market WITHOUT SACRIFICING COVERAGE. Lowering coverages could ultimately cost you more money in a loss. Once your limits run out, you are responsible for anything above that.
And 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 insurance for your situation, manage your account with the carrier, and claims counsel when needed.
Please remember - insurance rates are regulated. Perhaps now is the time to reach out to your representative to let them know that this has become a financial burden to you.
As always, happy to help and I hope this message explains a little bit of what is going on in the insurance marketplace. And, please be nice to your insurance agent - she or he are taking the same increases, navigating carrier changes and doing their best to help you through this.

❄️❄️❄️❄️❄️
With below freezing temperatures coming this weekend, here are some tips from the water department to keep water lines from freezing:

• Make sure crawl space vents are closed
• Unhook all garden hoses
• Make sure the lid is completely covering meter pit
• Leave cabinet doors open under sinks
• Leave hot and a cold water on to a drip or small stream

In the event of a busted water line shut the water off to your house if possible and call your insurance agent!!

I would like to recognize the Missouri Insurance Guaranty Association Aka MIGA. They have work diligently with a small staff to send out over 7000 refunds along with processing claims for the few Insurance companies that had to close their doors end of last year.

Merry Christmas to all and a very Blessed New Year!!

Annual ACA deadline for healthcare coverage effective 1-1-24 ends Friday the 15th. If you need help navigating your options please feel free to reach out to me for assistance!

Happy Thanksgiving to all my friends and family! Hope your day is full of Blessings!

Open enrollment for 2024 ACA health insurance is here. If you are needing coverage or to makes changes for you and your family please feel free to reach out to me. We represent all the carriers and can help you find the best option for your needs. Also Ambetter health plans will not include Cox in their network for 2024 they will be Mercy only so if you need help switching plans so you can remain with Cox let me know!

Please take a moment to support Care to Learn-Republic. If you want to know more about their mission feel free to reach out to me!!

✨Every child deserves to shine! Help us countdown to as we celebrate the students we serve!

CATASTROPHIC LOSSES
A Leading Driver of Rising Property Insurance Costs
When the eye of the storm wreaks havoc, many commercial properties are faced with the aftermath. In 2022, hurricanes, floods, tornadoes, wildfires and blizzards continued to strain the industry at an alarming rate. Already in 2023, there have been more extreme events in America that cost at least $1 billion, exceeding the 2020 record.* Catastrophes, the mounting costs of building materials and four other driving forces are increasing the cost of property insurance.


Property Rate by the Numbers

Catastrophe Losses: Over the past five years in the United States, 89 events have generated losses of more than $1 billion each.¹

Reinsurance: In early 2023, the gap between reinsurance supply and demand was estimated at $60 billion, three times what it was the previous fall.²

Property Replacement Costs: Over the past three years, the cost of structural steel increased by 55% and the price of lumber increased by 35%.³

Skilled Labor Shortage: The Associated General Contractors of America found that nine out of 10 contractors are struggling to find skilled labor and are delaying projects as a result.

Open enrollment for 2024 ACA health insurance starts today! If you are needing coverage or to makes changes for you and your family please feel free to reach out to me. We represent all the carriers and can help you find the best option for your needs. Also Ambetter health plans will not include Cox in their network for 2024 they will be Mercy only so if you need help switching plans so you can remain with Cox let me know!

Dont forget to unhook you water hose from your spigot this weekend. We have possible freezing temps Sunday night into Monday!

Beware of your back roads and country roads this time of year. Especially early in the morning and at night. I took my first deer 🦌 claim of the season this morning!

Woke up at 3a couldn’t go back to sleep. So come 4a I decided to get out of bed and complete some Medicare certifications that I am behind on. Complete silence from 4-6:30a until the rest of the house wakes up. Got a lot done.

I have seen several insurance agents post this and it is very good information explaining the extremely Hard Insurance market we are currently facing. So I thought I would pass it along.
I hope that you find the below information useful, and I hope that it helps explain what is happening in the insurance world today. It won’t matter what carrier you are with, this is an industry issue.
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 many 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 from various carriers double and triple what they were the year before.
The cost of claims has risen exponentially in the past few 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 from certain carriers.
*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. *CALL US*
--DO NOT let your policy cancel or lapse *for any reason*. Some 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 to avoid violations and 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 good portion of what is going on in the insurance marketplace. Please be kind to your insurance agent - they are also taking the same increases, navigating carrier changes and doing their best to help you through this.
If you're looking for help or have questions navigating through these issues please feel free to reach out to me 417-883-9974 or [email protected].

We now offer Jewelers Mutual for those who don’t want to schedule their jewelry on their homeowners or renters insurance!

Expert Jewelry Insurance Trusted Since 1913

Who is avalaible for Tree removal and cleanup? I have couple clients that are in need and will likely have more from last nights storm!

Pet insurance seems to be at top of the insurance topics right now.

Safeco offers two types of coverage: Accident & Illness and Accident, Illness, & Wellness.
Reimbursement options of 70%, 80%, or 90% of eligible charges.
Annual deductible options of $250, $500, or $1,000.
Annual coverage limit options including $5,000, $10,000, or $15,000.
Discounts available for multiple pets, multiple Safeco policies, and military status.
Wellness coverage offers fixed payment amounts for preventive care services, prescription medications and vaccinations, and are not subject to deductible and annual maximum.
All policies are subject to a 14 day waiting period.

Thank you Josh Kirk, Debbie Morrow, Kyle Langham and Michael Vaughn for joining my table to support and learn more about Republic Care to Learn!!