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Snyder Insurance Agency

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By snyderinsur43431045, Jan 11 2017 09:13PM

Existing clients, listen up!

Many of you know that we reward referrals....if someone calls us for a quote and say YOU sent them, we send you a $10 gift card for a local business. We're going to continue that, but add to it.

For each referral you send us, your name goes into a drawing (which will be held 6/14/17) for 2 tickets to your choice of a Chicago Cubs, Chicago White Sox or Chicago Bears game.

There will be one winner (but don't fret, we intend to do this again with drawing in December for either Bulls or Blackhawk tickets!).

So tell your friends, your co-workers and your family. We will do our best ot provide them a competitive quote and provide them our award-winning service.

Thanks in advance for your referrals and we hope to hear from you. Best of luck!

By snyderinsur43431045, Sep 22 2015 09:06PM

You’ve seen the commercials for insurance, right? Accident forgiveness, checks for safe driving, diminishing deductibles, new car replacement or waiver of depreciation?

What you may not know is

a) Versions of these benefits are available from nearly every insurance carrier, and

b) You have to pay an additional premium to have the benefits.

That’s not to deter you from buying them. Ask your agent about cost and benefits- you may find some are worth it to you, others might not be cost effective. You can only get “new car replacement” if you purchase your vehicle new and add the coverage immediately. Then, if the vehicle is totaled within the designated time frame (6-18 months, depending on the carrier), your settlement should be equal to cost of a new, similarly equipped vehicle.

Accident forgiveness is usually included in a package with one or more of the abovementioned benefits, and can also be packaged with some others, like increased death benefit (as result of auto accident), extended rental or extra travel expenses. Essentially it does what it says—if you bought this benefit and you have an at fault accident, your rates won’t go up. Read your policy and explanation carefully- your policy might have to be in force for a set time frame before this benefit “kicks in”.

A diminishing deductible benefit is usually inexpensive and can reward your good driving. If you have a $500 collision deductible when you apply for coverage, that deductible will diminish by $100 each year you are claim free, until no deductible would apply. If/when you have a collision loss, the diminished deductible applies and then re-sets back at $500. Again, each company has a different set of rules, so ask your agent for details.

Another popular endorsement that hasn’t made it to the commercials, but is often a good value is called “Gap Insurance” or “Loan/Lease Coverage”. Whether you’ve bought your car new or used, if you have a loan on it, you expect that your loan should be paid off in the event of a total loss. Sometimes, the car depreciates faster than you make payments and you end up owing more than the claims settlement for your vehicle. This Gap Insurance will take care of that, so you’re not making payments on a vehicle you no longer own.

Nearly every auto insurance company offers additional benefits for a cost. The best approach is to talk to your agent and don’t be afraid to ask about these or other special endorsements. You might find you’re glad you did.

By snyderinsur43431045, Feb 5 2015 05:12PM

You don't buy life insurance for yourself, so to speak. Yes, it will give you a sense of security- that all important "peace of mind" that insurance of any kind is supposed to give you. But you really buy life insurance for those that are left behind when you die.

There are important questions to ask yourself- Will I leave my loved ones with debt beyond what they can afford? Will they be able to survive at their current level of comfort without my income? Or maybe it's more simple- do I want to burden them with the cost of final arrangements?

Here are a few links that might help that thought process along, answer any questions and raise a few more. When you're ready to explore the cost and options for you, please give our office a call to discuss.

6 Reasons Millenials Consider Life Insurance

Life Insurance Basics (FAQ's)

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