This should be standard issue viewing for anyone buying a new home, and for anyone looking to give advice in video format. You're clear, concise, and don't fluff up anything unnecessary, while still keeping a friendly and informal tone and pace. Thank you for sharing your knowledge with the world.
My god i cannot believe you answered my comments so fast.. Much appreciated. Rarely does anyone answer the comments at all.. This kind of attention is so appreciate by everyone. And you can be assured that i will work my way thru every video you post and make comments.. and send your video links to all my friends.. Man you are so valualbe...Thank you..
This is hands down one of the most informative videos I’ve watched on this topic. I’m Canadian and yet so much of what you’re saying is applicable as I was staring at my policy while watching this. I feel way better now about my policy. Thanks!
You've got the knowing how to explain things down - like a teacher does, which is the most important skill to have (in my opinion) when being an insurance agent. Great job, Mark!
i dont mean to be off topic but does anyone know of a trick to log back into an instagram account? I stupidly lost my password. I would appreciate any assistance you can give me!
As a fire fighter its really important to look up a districts/departments ISO ratings. Also consider their funding, low funded departments mean you usually pay more for insurance.
Ever heard about ion detectors vs photoelectric? TAMU TEEX Brayton Fire School, College Station Texas, did a video comparing detectors years ago.... After a Lady lost 4 of 5 Children, an ion detector in every room, She was home & the HEAT kept Her from being able to get the Children out. The ion detectors did not sound until LATE. Most places have ion detectors because They are less expensive & People didn't know there's a difference in how detectors SEE particles. The TEEX example, the photoelectric sounded almost 30 minutes sooner. 😮 By the time the ion detectors went off the room was basically almost at flashpoint. Have You noticed how detectors are becoming a 2 in 1 type? I believe that's because of the difference & _______ doesn't wanna accept liability by alerting PUBLIC to the difference. After 16 years TAMU Fire inspecting, I swear "BEWARE of FALSE PROFIT" is GREED based, not Religion based. 🙄🙈 There used to be a Good Morning America video that interviews that Lady about the detectors not sounding soon enough. And maybe that TEEX video is still out there? Again, the difference between ion & photoelectric isn't advertised. 🙄 Regular People assume it's the 🔥 They have to outrun, not the HEAT that moves like the WIND. PUBLIC Oughta get more info training about Fire Science. The amount of stupid electrical cord issues I've witnessed across campus, People are NOT educated about electrical fire potential. I explain it like this: Water hoses have water pressure.. too many sprinklers equals PUDDLES. Extension cords are like hoses that create FIRES instead of puddles. 🙄 PUBLIC tends to think if it can be plugged in, it's "safe". They don't know to think about the LOAD & that friction is HEAT & Heat is unseen "FIRE" & Fire is basically a Tornado. 😝 And remind PUBLIC of "KNOW YOUR LOCATION" = Addresses are located on Fire Extinguisher tags, code is every 75', beginning at the entrance, for Business Occupancy. And teach Children to evacuate to a location outside & practice escaping & meeting there. Children tend to hide in closets or under the bed ... Teach Children to LEAVE the house and go to a location the FD will find Them. I swear, basic Fire Safety Oughta be a class in school... People outta be made aware of USEFUL life skills. ❤
The most comprehensive vid I’ve come across today! This process is overwhelming so to come across an explanation that breaks it down SIMPLY is so appreciated!
Man, this is NOT too much. This is a money saver! My first 3 quotes were SO bad. When I started to speak bad with this info, all the quotes became reasonable. Out there people WILL take advantage of people that don't know the right info. Thanks
Man... this video was so clear and concise that I couldn't help my hand from going straight to the subscribe button. Very good content man, keep it up!
Great information throughout, as I'm currently changing Home/Auto policy holders, reviewing all the necessary liabilities and coverages helps sort through the process and answer many unthought of questions. Thanks for sharing!
Awesome video. I watched this when my property flooded. I had to deal with home insurance for the first time ever. Luckily, insurance covered everything from the couch to dealing with a new floor.
Full of closure, I’m a licensed property and casualty and life insurance agent with Farmers insurance in California. Something that a lot of home insurance clients need to know about is making sure that they have mortgage protection as well. The way that we approach that in my agency as we make sure that our clients have life insurance. Your home is one of your biggest investments, and you most definitely want to protect it with the correct home insurance with all the right endorsements and coverage limits. But, if you pass away and your mortgage still needs to be paid off, life insurance can do that for you.
I live in Nebraska. My home insurance 3 years ago was $1100.00. Last year it went to $2200.00. This year $3300.00. I have never filed a claim. I am becoming Home Insurance broke!
I talked to my insurance agent and we talked about the increase in rates on homeowners insurance. He told me that in 2021 there were eight storm systems in the US that caused $1 billion or more in damage. He said in 2023 there were over 20 of those catastrophic events and the insurance companies are adjusting rates to cover their costs for those excessive number of storms. I trust my insurance agent to tell me the truth as I have known him for over 20 years as a friend and trust he wouldn’t lie to me. He’s an independent agent so he looks across many companies and is seeing the same thing.
Wow you are the most approachable person on this topic. Thank you for the information. I am a first time home buyers and knew nothing about insurance, but I feel like I can shop around now
I am in the process buying a home in Florida. The home will be completed in December. I watched your video to learned about homeowners insurance because I received two vastly different insurance quotes. My current company USAA quoted me for $1900 per year and the insurance company associated with home builder quoted me $760 a years. As a first time home buyer, the big difference in my annual premiums has me very confused. Thanks for your informative video. I learned quite a bit from your video, but I still need more research before I feel comfortable in deciding which company to go with.
USAA is a great company. I would show one of them the other's quote and have them go over what the difference in coverage is. Not necessary change them but go over what the differences are with you.
@@ThinkInsurance Thanks for the advice and response. I just received my closing date yesterday. I close on Dec 16th, so now I can contact the insurance providers and compare quotes and benefits so that I can make a sound decision
I SOOOOOOOO appreciate your concise explanation. You are amazing. Thank you so much. I learned so much more, and did make the mistake of using the referral, but the good part is, i have to time change. I don't close until March 18 2024.
Thank you so much for laying it out how you did. I’m a P&C agent with AAA in TN and want to make sure I’m getting my clients the best coverages when I quote them 🥳
Hi there I had AAA insurance for 17 years but I honestly forgot so it lasted and they want let me back in. Is there anyway to talk to someone to help me @regallyk
I have a current claim open with Allstate for storm damage to my roof. Its been a horrible experience dealing with them to say the least. While my neighbors around me are getting brand new roofs I am arguing on phone with Allstate.
Great content! I am in the process of renewing my homeowners policy which was bundled with my auto policy 4 years ago. The insurance agency Geico who I have been with for over 20 years with auto coverage, finally persuaded me to bundle my homeowners insurance with the auto policy. I have been claim free for both auto and homeowners insurance. Both home and vehicle is paid off. Unfortunately, Geico bundled me with Traveler's Insurance for the home and kept the auto under Geico. I have not seen any minimal discounts on either policies since bundling. Your video has pushed me to do some serious research on insurance companies to evaluate the best coverage and cost for my home and auto. Thank you!
You’re welcome. I think checking around is smart. It doesn’t sound like you’re Geico’s typical customer. Let me know what you find and if/how much of a savings you get.
@@ThinkInsurance Unfortunately for me, Geico utilizes an Agency Management System for quotes from other companies and for some reason I was placed with Traveler's. Smh (not happy with premiums after bundling).Geico used to offer great discounts to government employees in the past. I will inform you of the outcome from my research.
In the past Geico used to offer great discounts to government employees. This is why I stayed with them for years. Now, they utilize an Agency Management System for insurance quotes. That is how I got placed with Traveler' s. smh (not happy with premiums). I will inform you of the outcome of my research.
This was the quickest 25 minutes because you made it so easy to understand. First video I'm watching trying to understand all this stuff and I feel like you covered it all. Thank you so much!
This is the first insurance video that I watched and I found it very informative. I am deciding on what coverage I need. Your video helped explain what I need to ask others while I shop for insurance in my area. I will also get prices for bundling! Great idea.
I'm in insurance as well... are you an agent, underwriter, adjuster, estimator? Just decided to watch your vid out of intrigue. You break things down really good. I'm a certified adjuster myself.
That’s awesome! I appreciate the kind words. I spent the first 10-11 years as a producer and the past 18 months as trainer. I’m looking into possible agency ownership next
@@ThinkInsurance I wish you good luck with that, you deserve that and much more. Tremendous information you presented. That help those who have a fixed income and help us save money. God bless you.
If you have an escrow account in the state of California the mortgage company is required to pay you interest on the funds that they hold in that account. You have to ask him about it and fight them about it but usually you get back between 50 to 90 dollars a year.
Thank you so much for your video. You helped me understand so much already!! Can you create a video to explain Insurance for Condominiums and Townhouse please?
You’re welcome! This might help with the condo part Condo insurance HO6 - What is it and what you need to know th-cam.com/video/VpPjz2Dwk5g/w-d-xo.html
Note to homeowner, don’t have guests over and if you do, make people take their stilettos off before they step foot into your property. I’ve seen very bad accidents at work. Very informative video by the way.
Can you do a video on construction types and how that affects insurance rates? Brick vs frame. Roof type etc.. great solid videos! Would love to see that video on home types and how to better understand the msb evaluations.
I watched your video prior to getting home insurance in California. Your information and content helped me to understand coverage from A-E and ensure that I was not being under insured as well. Thank you very much for helping me understand; knowledge is power.
Umbrellas carry worldwide also. Auto Umbrella is considered a top down outside the US borders meaning only 1 million extends for any auto claim outside the US. For any homeowner umbrella claim outside the US it is a carry down meaning homeowners has 300,000 liability it will carry 1.3 million worldwide. The most highly recommended endorsement for homes is Water backup limited: this covers any water sewage claims as utility companies are only responsible for lines from left to right of the roads then you're responsible.
You're not wrong(depending on the company)! This is a common thing I see with agents too. That's where the customer ratings come into play where reading reviews on a company will make a huge difference. You see where people are getting denied and why. If it relates to you then you might want to think twice about that company.
In addition to what you've said, they are quick to write you a policy without even coming to look at your house, let you cancel your present insurance, than way down the line, up to 5 months later, send a contracted inspector to do a drive-by, and then complain to you about your house AFTER THEY TOOK YOUR MONEY. There really should be laws to protect the consumers that require insurance companies to come inspect your house for problems BEFORE they write a policy and take your money. This way, if they don't like what they see, don't write the policy.
@@macc240038 I agree and I’ve said the same. How can you sell insurance to someone when you haven’t even evaluated the property? The policies are so stupidly written that it should be unlawful for these clowns to operate as a business.
It’s cheaper and more expensive at the same time. The cost to replace a sprinkler system in your house likely outweighs a discount you will get. But a lot of companies will. The way some companies look at it is, if there is a small fire but the sprinklers go off, there can be more damage to your property from it going off every where vs just repairing the fire damage.
I learned the hard way as a first time buyer…about going with the realtors suggestion for everything, including my home inspection guy!! It passed without any issues but the man didn’t even get in the roof and was there for 30 min!! 🤦♀️ why isn’t there a mandatory class for 1st buyers to learn! I had to google ask just to inform myself as much as I could, but there’s too much and it’s so unfair
Great video, thanks! I would have liked if it were cut into shorter videos in like a 3 or 4 part mortgage insurance series or something. Just a suggestion.
REAL GREAT video on this topic. My mind was overwhelmed, but I know I need to watch this multiple times so that I can acclimate to all of this GREAT info, and know what the best next move needs to be ! (Thanks for this !)
Hi sir I'm Indian working for an American Insurance Company who gives services for home and auto. I need some tips with you as an agent to close the deal with Americans effectively.
The three best tips I can give are: 1. Know as much about the coverage your company has to offer, especially what makes your insurance different from others. 2. Focus on the needs of someone first and then explain how you and your insurance can help. 3. Learn to speak the language of your customer as fluently as possible. If it’s english then practice it and learn it to the best of your abilities. It makes a difference. Bonus: Time is as important as saving money. Be mindful of how much time it takes you to quote people.
Hi great video. My question is: when exactly do I purchase homeowners insurance? I am at the stage in the homebuying process of getting the appraisal done.
It depends. Most of the time it’s escrowed which means your mortgage will pay the insurance and then yes it’s not paid until you close on the house. If you’re paying it you can get the quote but you wouldn’t buy it until you’re 100% sure you’re locked in. Worse case scenario is the house falls through and the insurance is cancelled and refunded.
Amazing video. How do I find/what is the google search term I need to use so I can find an insurance agent like yourself that will check with multiple companies for policies rather than have to go directly to separate State Farm and Progressive agents. Thanks!
Google "insurance agent near me" and use the map and ratings to find which one to call. Who ever has the most and highest overall rating I would lean towards them as your first call.
Great video, also very informative!!! My question to you is do any of these guidelines change when it’s a investment property with tenants living inside.
Owning a property to live in vs to rent is mainly different in the liability cost and loss of rent coverage. The risk is slightly higher because renters won’t typically take as good care as you would to your own home. If you make it a multi rental then you’ll need to estimate the price of additional heater,kitchen,etc...
Thank you so much for explaining in detail. This is helping me tremendously 🙏🏽💜 Edit: let’s say I move in and update it to a smart home with fire extinguishers, fire alarms, etc, do I call the insurance company to ask for a new quote?
You're welcome. I'm glad it was helpful. If you move, you will start a new policy since it's a different risk and locations. If you add those items, you simply let your insurance know to add those discounts to your policy.
This was absolutely informative and I THANK you! I clicked on the site to get a quote and since I am not currently insured it gave me a red message to contact someone. I would like a quote if at all possible. GREAT video!!
Excellent video !! I am going to be a first time home owner in NYC and I want to be prepared. What homeowner insurance and flood insurance company do you recommend?
I am purchasing a home in Stanislaus County . The appraisal value is 380,000. It has a pool as well . I plan to rent it out . Do you have a recommendation?
Just wondering if the square footage price for dwelling insurance (i.e. $150.00 per sq. ft. for example) has gone up significantly in the last 3 years?
I just added a large covered patio which is attached to our home, should I have to notify my home insurance of this new addition in order to have it covered?
Most people don’t because if it’s bolted to the house it’s part of coverage A and most polices have an additional 125% replacement cost which would cover it assuming it’s not over the rebuild of your house. If you think it added considerable cost to rebuild your house then yes, you should have them re evaluate the replacement cost of your home
This should be standard issue viewing for anyone buying a new home, and for anyone looking to give advice in video format. You're clear, concise, and don't fluff up anything unnecessary, while still keeping a friendly and informal tone and pace. Thank you for sharing your knowledge with the world.
this is 100%, its so good it needs to be the standard
I'm a first timer and I went from a teary mess to confident because of this video. Thank you so much
🙏🏼
My god i cannot believe you answered my comments so fast.. Much appreciated. Rarely does anyone answer the comments at all.. This kind of attention is so appreciate by everyone. And you can be assured that i will work my way thru every video you post and make comments.. and send your video links to all my friends.. Man you are so valualbe...Thank you..
This is hands down one of the most informative videos I’ve watched on this topic. I’m Canadian and yet so much of what you’re saying is applicable as I was staring at my policy while watching this. I feel way better now about my policy. Thanks!
You’re welcome. I’m glad it was helpful even in Canada
You've got the knowing how to explain things down - like a teacher does, which is the most important skill to have (in my opinion) when being an insurance agent. Great job, Mark!
i dont mean to be off topic but does anyone know of a trick to log back into an instagram account?
I stupidly lost my password. I would appreciate any assistance you can give me!
As a fire fighter its really important to look up a districts/departments ISO ratings. Also consider their funding, low funded departments mean you usually pay more for insurance.
Ever heard about ion detectors vs photoelectric?
TAMU TEEX Brayton Fire School, College Station Texas, did a video comparing detectors years ago.... After a Lady lost 4 of 5 Children, an ion detector in every room, She was home & the HEAT kept Her from being able to get the Children out. The ion detectors did not sound until LATE.
Most places have ion detectors because They are less expensive & People didn't know there's a difference in how detectors SEE particles.
The TEEX example, the photoelectric sounded almost 30 minutes sooner. 😮 By the time the ion detectors went off the room was basically almost at flashpoint.
Have You noticed how detectors are becoming a 2 in 1 type? I believe that's because of the difference & _______ doesn't wanna accept liability by alerting PUBLIC to the difference.
After 16 years TAMU Fire inspecting, I swear "BEWARE of FALSE PROFIT" is GREED based, not Religion based. 🙄🙈
There used to be a Good Morning America video that interviews that Lady about the detectors not sounding soon enough. And maybe that TEEX video is still out there?
Again, the difference between ion & photoelectric isn't advertised. 🙄
Regular People assume it's the 🔥 They have to outrun, not the HEAT that moves like the WIND.
PUBLIC Oughta get more info training about Fire Science. The amount of stupid electrical cord issues I've witnessed across campus, People are NOT educated about electrical fire potential.
I explain it like this: Water hoses have water pressure.. too many sprinklers equals PUDDLES. Extension cords are like hoses that create FIRES instead of puddles. 🙄
PUBLIC tends to think if it can be plugged in, it's "safe". They don't know to think about the LOAD & that friction is HEAT & Heat is unseen "FIRE" & Fire is basically a Tornado. 😝
And remind PUBLIC of "KNOW YOUR LOCATION" = Addresses are located on Fire Extinguisher tags, code is every 75', beginning at the entrance, for Business Occupancy.
And teach Children to evacuate to a location outside & practice escaping & meeting there. Children tend to hide in closets or under the bed ... Teach Children to LEAVE the house and go to a location the FD will find Them.
I swear, basic Fire Safety Oughta be a class in school... People outta be made aware of USEFUL life skills. ❤
The most comprehensive vid I’ve come across today! This process is overwhelming so to come across an explanation that breaks it down SIMPLY is so appreciated!
Man, this is NOT too much. This is a money saver! My first 3 quotes were SO bad. When I started to speak bad with this info, all the quotes became reasonable. Out there people WILL take advantage of people that don't know the right info. Thanks
Man... this video was so clear and concise that I couldn't help my hand from going straight to the subscribe button. Very good content man, keep it up!
Great information throughout, as I'm currently changing Home/Auto policy holders, reviewing all the necessary liabilities and coverages helps sort through the process and answer many unthought of questions. Thanks for sharing!
You’re welcome. I’m glad it was helpful
Awesome video. I watched this when my property flooded. I had to deal with home insurance for the first time ever. Luckily, insurance covered everything from the couch to dealing with a new floor.
What insurance do you have? I have Farmers nightmare!
I’m with Hanover, Citizen’s Insurance
Full of closure, I’m a licensed property and casualty and life insurance agent with Farmers insurance in California.
Something that a lot of home insurance clients need to know about is making sure that they have mortgage protection as well. The way that we approach that in my agency as we make sure that our clients have life insurance. Your home is one of your biggest investments, and you most definitely want to protect it with the correct home insurance with all the right endorsements and coverage limits. But, if you pass away and your mortgage still needs to be paid off, life insurance can do that for you.
Thank you am writing a project about home insurance and I am lucky to found this video it’s very helpful and I need more information
I live in Nebraska. My home insurance 3 years ago was $1100.00. Last year it went to $2200.00. This year $3300.00. I have never filed a claim. I am becoming Home Insurance broke!
Yes, BUT, all the companies are doubling their rates AND firing all their agents, so it's not easy to find good coverage.
DANG
I talked to my insurance agent and we talked about the increase in rates on homeowners insurance. He told me that in 2021 there were eight storm systems in the US that caused $1 billion or more in damage. He said in 2023 there were over 20 of those catastrophic events and the insurance companies are adjusting rates to cover their costs for those excessive number of storms. I trust my insurance agent to tell me the truth as I have known him for over 20 years as a friend and trust he wouldn’t lie to me. He’s an independent agent so he looks across many companies and is seeing the same thing.
Wow you are the most approachable person on this topic. Thank you for the information. I am a first time home buyers and knew nothing about insurance, but I feel like I can shop around now
You’re welcome
I am in the process buying a home in Florida. The home will be completed in December. I watched your video to learned about homeowners insurance because I received two vastly different insurance quotes. My current company USAA quoted me for $1900 per year and the insurance company associated with home builder quoted me $760 a years. As a first time home buyer, the big difference in my annual premiums has me very confused. Thanks for your informative video. I learned quite a bit from your video, but I still need more research before I feel comfortable in deciding which company to go with.
USAA is a great company. I would show one of them the other's quote and have them go over what the difference in coverage is. Not necessary change them but go over what the differences are with you.
@@ThinkInsurance Thanks for the advice and response. I just received my closing date yesterday. I close on Dec 16th, so now I can contact the insurance providers and compare quotes and benefits so that I can make a sound decision
I SOOOOOOOO appreciate your concise explanation. You are amazing. Thank you so much. I learned so much more, and did make the mistake of using the referral, but the good part is, i have to time change. I don't close until March 18 2024.
You’re welcome! If the referral know what they’re doing it might be a blessing in disguise 🤷🏽♂️
Good job! I just bought a new house and went through all this.
It would be nice to have time stamps for the types of coverages you talk about very information by the way
This was so well done and unbiased. Top notch analysis
Thank you so much for laying it out how you did. I’m a P&C agent with AAA in TN and want to make sure I’m getting my clients the best coverages when I quote them 🥳
We are purchasing a home in tn next may and I don’t know where to start as far as home insurance 😭
I work for AAA in AR
Hi there I had AAA insurance for 17 years but I honestly forgot so it lasted and they want let me back in. Is there anyway to talk to someone to help me @regallyk
Forgot to make the payment which I’d pay in full yearly
What state are you in?
I have a current claim open with Allstate for storm damage to my roof. Its been a horrible experience dealing with them to say the least.
While my neighbors around me are getting brand new roofs I am arguing on phone with Allstate.
Just had a contractor project manager for a roofing outfit tell that Allstate is the worst one can have when trying to get a roof repaired.
You’re seriously the Goat! Thanks so much man! This is so informative
Thanks. I got a lot of information from your video. Easy to understand and I love the way you explain facts.
This video was GREAT! Simple and to the point.
Great content! I am in the process of renewing my homeowners policy which was bundled with my auto policy 4 years ago. The insurance agency Geico who I have been with for over 20 years with auto coverage, finally persuaded me to bundle my homeowners insurance with the auto policy. I have been claim free for both auto and homeowners insurance. Both home and vehicle is paid off. Unfortunately, Geico bundled me with Traveler's Insurance for the home and kept the auto under Geico. I have not seen any minimal discounts on either policies since bundling. Your video has pushed me to do some serious research on insurance companies to evaluate the best coverage and cost for my home and auto. Thank you!
You’re welcome. I think checking around is smart. It doesn’t sound like you’re Geico’s typical customer. Let me know what you find and if/how much of a savings you get.
@@ThinkInsurance Unfortunately for me, Geico utilizes an Agency Management System for quotes from other companies and for some reason I was placed with Traveler's. Smh (not happy with premiums after bundling).Geico used to offer great discounts to government employees in the past. I will inform you of the outcome from my research.
In the past Geico used to offer great discounts to government employees. This is why I stayed with them for years. Now, they utilize an Agency Management System for insurance quotes. That is how I got placed with Traveler' s. smh (not happy with premiums). I will inform you of the outcome of my research.
@@beverlymoore2928 how did it turn out, Beverly? Did you stay with Travelers?
I am a Progressive agent in 47 states. Great video!
Thanks. I appreciate the support!
Thank you for breaking it down. This was perfect.
This was the quickest 25 minutes because you made it so easy to understand. First video I'm watching trying to understand all this stuff and I feel like you covered it all. Thank you so much!
🙏🏼
Thank you i need this info for new construction home.
Great, I needed clarity on the umbrella.
This is the first insurance video that I watched and I found it very informative. I am deciding on what coverage I need. Your video helped explain what I need to ask others while I shop for insurance in my area. I will also get prices for bundling! Great idea.
Fantastic video, really neatly arranged and easy to understand! Thanks so much for putting this together!
Thank you. I'm glad you enjoyed it!
This a very helpful presentation. Great job !!!!!!!!!!!!!!!!!!
I'm in insurance as well... are you an agent, underwriter, adjuster, estimator? Just decided to watch your vid out of intrigue. You break things down really good. I'm a certified adjuster myself.
That’s awesome! I appreciate the kind words. I spent the first 10-11 years as a producer and the past 18 months as trainer. I’m looking into possible agency ownership next
@@ThinkInsurance I wish you good luck with that, you deserve that and much more. Tremendous information you presented. That help those who have a fixed income and help us save money. God
bless you.
If you have an escrow account in the state of California the mortgage company is required to pay you interest on the funds that they hold in that account. You have to ask him about it and fight them about it but usually you get back between 50 to 90 dollars a year.
Good notion. I’d have to look in to this one
Thank you so much for all this information, you really just made everything so clear and easy to follow
🙏 you’re welcome ☺️
Thank you so much for this video. Very easy to understand and well done. Helping my widowed mom get quotes on an older home. This helped tremendously!
You’re welcome
Thank you so much for this. We're currently in escrow for our first home and this has been extremely helpful!
You’re welcome and congratulations!
I am in the process of training for personal Lines and PUP and these videos are helpful
That’s awesome! I’m glad this is helpful.
If you want more agent focused videos when you’re licensed look my other channel at Mark W Flockhart
Thank you so much for your video. You helped me understand so much already!! Can you create a video to explain Insurance for Condominiums and Townhouse please?
You’re welcome! This might help with the condo part
Condo insurance HO6 - What is it and what you need to know
th-cam.com/video/VpPjz2Dwk5g/w-d-xo.html
Im studying gor my state exam and this is so clear
Note to homeowner, don’t have guests over and if you do, make people take their stilettos off before they step foot into your property. I’ve seen very bad accidents at work. Very informative video by the way.
What the heck are you on about. This comment is so incoherent.
excellent video, i ran int in 1.5x was quicker and undrstood all details thanks for the time putting this together
You’re welcome!
This was an amazing video and I learned so much from this. I am subscribing to your channel even though I don't really need any more insurance help.
This the best video I've watched on insurance, and you're a natural in front of the camera! Definitely sharing this video.
Can you do a video on construction types and how that affects insurance rates? Brick vs frame. Roof type etc.. great solid videos! Would love to see that video on home types and how to better understand the msb evaluations.
Thank you. I def can/will do this.
I watched your video prior to getting home insurance in California. Your information and content helped me to understand coverage from A-E and ensure that I was not being under insured as well. Thank you very much for helping me understand; knowledge is power.
I’m glad it was helpful! Thanks for letting me know
Thank you for making this video. It was very informative.
20:08 i cannot deal. 🤣😂😩
Umbrellas carry worldwide also. Auto Umbrella is considered a top down outside the US borders meaning only 1 million extends for any auto claim outside the US. For any homeowner umbrella claim outside the US it is a carry down meaning homeowners has 300,000 liability it will carry 1.3 million worldwide. The most highly recommended endorsement for homes is Water backup limited: this covers any water sewage claims as utility companies are only responsible for lines from left to right of the roads then you're responsible.
In homestead, fl. First time home buyer. $4k +
One thing I’ve learned from home insurance companies is that they are quick to sell you a policy and quick to deny you any and all claims
You're not wrong(depending on the company)! This is a common thing I see with agents too.
That's where the customer ratings come into play where reading reviews on a company will make a huge difference. You see where people are getting denied and why. If it relates to you then you might want to think twice about that company.
In addition to what you've said, they are quick to write you a policy without even coming to look at your house, let you cancel your present insurance, than way down the line, up to 5 months later, send a contracted inspector to do a drive-by, and then complain to you about your house AFTER THEY TOOK YOUR MONEY. There really should be laws to protect the consumers that require insurance companies to come inspect your house for problems BEFORE they write a policy and take your money. This way, if they don't like what they see, don't write the policy.
@@macc240038 I agree and I’ve said the same. How can you sell insurance to someone when you haven’t even evaluated the property? The policies are so stupidly written that it should be unlawful for these clowns to operate as a business.
great info, so much clarified for me, one question though :
Whats with Sprinklers? Is that good to have? Discount?
If you mean sprinklers in the yard, it’s only in states where there are wildfire zones.
@@ThinkInsurance no inside the home
It’s cheaper and more expensive at the same time. The cost to replace a sprinkler system in your house likely outweighs a discount you will get. But a lot of companies will.
The way some companies look at it is, if there is a small fire but the sprinklers go off, there can be more damage to your property from it going off every where vs just repairing the fire damage.
This is really informative. Thank you so much for taking the time to put this up.
You’re welcome, I’m glad it was helpful!
I learned the hard way as a first time buyer…about going with the realtors suggestion for everything, including my home inspection guy!! It passed without any issues but the man didn’t even get in the roof and was there for 30 min!! 🤦♀️ why isn’t there a mandatory class for 1st buyers to learn! I had to google ask just to inform myself as much as I could, but there’s too much and it’s so unfair
Great video! 😊 Learned a lot about homeowners insurance. 🏡 Thankful for the clear explanations.👍
Thanks 🙏🏼
I just received a quote for $5400 annually. I was told to call back regarding the age of the roof and the type of fireplace. Texas is outrageous.
I'm surprised this video only has 5k views. Very informative! Thank you!
Count me in.
everybody said thank informatively but none said, why
Sooo informative! Thanks a bunch, we just had an offer accepted on our first home! ! Can’t wait to see the cheat sheet!
You’re welcome and congratulations
Great video, thanks! I would have liked if it were cut into shorter videos in like a 3 or 4 part mortgage insurance series or something. Just a suggestion.
REAL GREAT video on this topic. My mind was overwhelmed, but I know I need to watch this multiple times so that I can acclimate to all of this GREAT info, and know what the best next move needs to be ! (Thanks for this !)
You’re welcome! Thanks for sharing
Hi sir I'm Indian working for an American Insurance Company who gives services for home and auto. I need some tips with you as an agent to close the deal with Americans effectively.
The three best tips I can give are:
1. Know as much about the coverage your company has to offer, especially what makes your insurance different from others.
2. Focus on the needs of someone first and then explain how you and your insurance can help.
3. Learn to speak the language of your customer as fluently as possible. If it’s english then practice it and learn it to the best of your abilities. It makes a difference.
Bonus: Time is as important as saving money. Be mindful of how much time it takes you to quote people.
@@ThinkInsurance Thanks for your valuable inputs and time for me to reply
The information on this video is pure gold, thank you for putting this together for us!
Are they good with claims? Are they about roof replacement?
Great Video. You Answered ALL my Questions and then Some
Hi great video. My question is: when exactly do I purchase homeowners insurance? I am at the stage in the homebuying process of getting the appraisal done.
When you have a close date they will ask you to get proof of home insurance. Then you’ll be able to buy or shop it.
@@ThinkInsurance i have a close date but why would I buy insurance before the final approval? Or do they not charge me until closing is complete?
It depends. Most of the time it’s escrowed which means your mortgage will pay the insurance and then yes it’s not paid until you close on the house.
If you’re paying it you can get the quote but you wouldn’t buy it until you’re 100% sure you’re locked in.
Worse case scenario is the house falls through and the insurance is cancelled and refunded.
@@ThinkInsurance okay now it all makes sense. Thank you so much. You are awesome ❤
I’m happy to have helped :0)
Amazing video. How do I find/what is the google search term I need to use so I can find an insurance agent like yourself that will check with multiple companies for policies rather than have to go directly to separate State Farm and Progressive agents. Thanks!
Google "insurance agent near me" and use the map and ratings to find which one to call.
Who ever has the most and highest overall rating I would lean towards them as your first call.
Amazing video. Really appreciate all the fantastic information.
Thanks
one of the most informative videos i ever watched !
Great video!!! Thanks a bunch for the info. I learned so much and now I know what questions to ask my insurance agent.
Thank you this helped me purchase my home insurance
You’re welcome!
Thank you for all the information!!! Keep up the good work..
🙏🏼
Great information .. thanks
Excellent presentation, very beneficial video.
Such a great video. Thanks so much for all the information 🙏
Great explanation....very helpful. Great job.
Great video. Thanks
This is great, thanks!
You’re welcome 😀
Great video, also very informative!!! My question to you is do any of these guidelines change when it’s a investment property with tenants living inside.
Owning a property to live in vs to rent is mainly different in the liability cost and loss of rent coverage.
The risk is slightly higher because renters won’t typically take as good care as you would to your own home.
If you make it a multi rental then you’ll need to estimate the price of additional heater,kitchen,etc...
@@ThinkInsurance If you haven't already (new to your channel) pls go over umbrella insurance. NM, at the part when you mention umbrella.
Thank you so much for this! Very informative!
I’m glad it was helpful
Thank you so much for explaining in detail. This is helping me tremendously 🙏🏽💜
Edit: let’s say I move in and update it to a smart home with fire extinguishers, fire alarms, etc, do I call the insurance company to ask for a new quote?
You're welcome. I'm glad it was helpful.
If you move, you will start a new policy since it's a different risk and locations.
If you add those items, you simply let your insurance know to add those discounts to your policy.
Thanks!
Thank you for the superthanks! It's my first one since I turned it on last week!! :-)
This was absolutely informative and I THANK you! I clicked on the site to get a quote and since I am not currently insured it gave me a red message to contact someone. I would like a quote if at all possible. GREAT video!!
You’re welcome! What state are you in?
can you make a video about home insurance for renting houses
.?
This is so informative. Superb!🏆
Thanks a lot for sharing this info 👍👍
Just subscribe.. You deserve it 👏🏾
Very informative. Thank you. I couldn't find the link, please put in your response. Thanks again
I’m in Harris county in Texas and my renewal home insurance just came in at $3,153, annual
No kidding. My renewal came a little over $2,000, when last year it was 1,179. Im also here in Harris county
Which insurance are you using
Excellent video !! I am going to be a first time home owner in NYC and I want to be prepared. What homeowner insurance and flood insurance company do you recommend?
Narragansett Bay Insurance Company is competitive and does flood. Otherwise, I would lean towards Travelers
Which is the best company to SELL for? Best commissions/training etc (I’m in south florida)
I would reach out to an independent agency in your area that has good reviews. There no one winning company right now in FL
Great informative video!
I am purchasing a home in Stanislaus County .
The appraisal value is 380,000.
It has a pool as well .
I plan to rent it out .
Do you have a recommendation?
I would check with State Farm and Travelers. Both of them are competitive and do landlord policies.
Just wondering if the square footage price for dwelling insurance (i.e. $150.00 per sq. ft. for example) has gone up significantly in the last 3 years?
Each state is different but, I see it closer to $175-185 sq/ft in Michigan on average
I just added a large covered patio which is attached to our home, should I have to notify my home insurance of this new addition in order to have it covered?
Most people don’t because if it’s bolted to the house it’s part of coverage A and most polices have an additional 125% replacement cost which would cover it assuming it’s not over the rebuild of your house.
If you think it added considerable cost to rebuild your house then yes, you should have them re evaluate the replacement cost of your home
Great advice Mark! Very useful.
Thank you. I’m glad it is useful!
Such a great video! Thank you so much 🤍
amazing video
Why don't they teach this in school? They want a country of renters.
the numbers you mention seems to be from a different era altogether even when it was made 3 years ago, damn those prices are way different now
Yea, if you’re in FL or TX, triple it! Replacement cost is about 10%-15% higher due to inflation and overall labor costs.