At Cheney Insurance we have a staff of eleven very talented people--including seven licensed insurance agents. The licensed agents each have special binding authority extended to them by the insurance companies we represent--those whose insurance policies we sell. This "authority" carries significant responsibilities, and is the mechanism by … [Read more...] about What Does Our “Binding Authority” Mean To You?
Trusted Choice is a national brand created by the Independent Insurance Agents and Brokers of America to help differentiate their members—typically smaller, locally-owned insurance agencies like Cheney Insurance—from larger direct-writing insurance companies such as GEICO and State Farm. When the Maine Insurance Agents Association decided to … [Read more...] about WCSH6 TV Ad Urges Viewers To Consider a Trusted Choice Agent
My previous blog post about dog bite claims mentioned a scenario where an insureds home liability coverage might be exhausted by a large claim, leaving the homeowner stuck with the balance--a truly unfortunate mess. How do you protect yourself from the worst-case scenario? Most folks turn to a personal liability umbrella policy, which we highly … [Read more...] about Should You Have a Liability Umbrella Policy?
Dog bites accounted for more than one-third of all homeowners insurance liability claims paid out in 2010, costing nearly $413 million, acording to the Insurance Information Institute (III). The average dog bite claim was $26,166 in 2010, up 5.3% from $24,840 in 2009. From 2003 to 2010, the cost of these claims has risen nearly 37%. Homeowners … [Read more...] about Dog Bite Claims Rising
The 1950 census showed that eight in 10 households were occupied by married couples. Fifty years later, the 2000 census data showed that number had declined to just over 50%, signifying a dramatic change in the typical American household. The more recent data says that almost half of households are occupied by a single individual, roommates, or … [Read more...] about Auto and Home Insurance for Unmarried Couples
I sometimes get annoyed by the TV commercials featuring a few prominent direct-writing insurance companies. They clearly feel that the public is so unfamiliar with insurance that you don't already know that you can save money when you cover more than one vehicle on a policy (multi-car discount), or when you bundle home and auto policies together … [Read more...] about Yes, We Offer Discounts for Multiple Cars and for Bundling Policies!
Generally, I don't pay close attention to politics. It is not that I don't care or have concerns about decisions made by politicians that could affect my family, business, or customers. I just choose to spend most of my energy and time running and caring for the businesses I am connected to. That is what makes attending the IIABA (Independent … [Read more...] about The Importance of Political Awareness
While I did not expect to be addressing a group of non-English speaking Japanese independent insurance agents during my time at the IIABA Legislative Conference in Washington this week, that is exactly what I did this morning. And it was just the exciting experience I expected it to be when I was asked to do this yesterday. Once again, I get to … [Read more...] about Speaking Japanese About Insurance
I traveled to Washington DC on Tuesday afternoon to participate in the IIABA's Legislative Conference this week, where independent insurance agents from all corners of the US and beyond descend upon our nations capital to learn about legislation affecting our business. I knew our Maine delegation had meetings scheduled with the offices of Snowe, … [Read more...] about Meeting Chellie Pingree On The Way To Meet Chellie Pingree
A recent trade journal report confirms that during the past year, an increasing number of insurance consumers turned to higher deductibles as a way to lower their auto insurance costs. How can you tell if the money you save by reducing your premium is worth the risk of the higher deductible? For example, let’s say that you reduced your … [Read more...] about In 2010, Drivers Raised Deductibles to Save Money
A number of years ago I served on an editorial advisory board for Rough Notes, a popular insurance industry magazine--one of the most valuable opportunities of my young insurance career. During my time with RN, I met many fascinating people, including another young agent named Andy Thompson, whose Parker City agency I eventually visited during one … [Read more...] about When It Comes To Your Insurance, Andy Asks “Are You Naked?”
Having served in the insurance business for over 25 years, I have long been a part of the struggle that is common among my industry peers. Local independent insurance agencies (just like Cheney Insurance) have always worked hard to differentiate themselves from our larger, direct writing competitors (such as Geico, who has no Main Street presence, … [Read more...] about What is Trusted Choice, Anyway?