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Avoid these common mistakes and you’re on your way to getting the best insurance for your needs and budget
Avoid these pitfalls when buying auto, home, flood and renters insurance.
Saving money feels good. And shopping around when you’re looking for insurance coverage is a great way to do it. However, simply reducing your coverage or dropping important coverages altogether is like diet without exercise—focused only on numbers, not on results. Don’t risk ending up dangerously underinsured and on the hook for much bigger bills in the event of a disaster.
Following are the five most common auto, home, flood and renters insurance mistakes people make, along with suggestions to avert those pitfalls while still saving money (we call them, “better ways to save”):
1. Insuring a home for its real estate value rather than for the cost of rebuilding.
When real estate prices go down, some homeowners may think they can reduce the amount of insurance on their home.
Congratulations on your Retirement Deborah Faber
Blog | 0 comments | by jhallman
Dear Clients and Friends:
It is my pleasure to announce that Deborah Faber will be retiring from the Mogil Organization effective 12/31/2020 after 30 plus years of service. I would like to personally congratulate Debbie on a wonderful and successful career and thank her for her contribution to the Mogil Organization. I wish Debbie the very best in her future and I hope retirement brings her health and happiness. Debbie has always demonstrated the utmost professionalism and highest level of service that has allowed her to have such a distinguished career.
Mogil has been transitioning Debbie’s accounts for the last 5 years with the intent of providing the same professional service that you received from her. The Mogil Organization looks forward to continuing to provide you with all your insurance needs.
Thank you and please call our office with any questions.
Jeffrey Mogil
Chief Executive Officer
Blog | 0 comments | by Grace Mera
Our NYC office has been open on a scaled-down basis from the very beginning back in March. We brought everyone back on a hybrid-rotation since August 1st. I’m happy to say that it has worked out extremely well for everyone.
Advice for public – Basic protective measures against the new coronavirus
Blog | 0 comments | by Grace Mera
Stay aware of the latest information on the COVID-19 outbreak, available on the WHO website and through your national and local public health authority. COVID-19 is still affecting most people in China with some outbreaks in other countries. Most people who become infected experience mild illness and recover, but it can be more severe for others. Take care of your health and protect others by doing the following:: Click here for the full article from the World Health Organization.
Insurance Coverage for Losses Stemming from the Coronavirus
Blog | 0 comments | by Grace Mera
Can a ‘numbers guy’ with insurance DNA finally fix AIG?
Blog | 0 comments | by Grace Mera
NEW YORK, Feb 12 (Reuters) – Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as staff began fleeing.
Insurance Journal’s Top 10 Cyber Risk Stories of 2019
Blog | 0 comments | by Grace Mera
Cyber risks were cited as the top concern among businesses of all sizes in 2019, according to a Travelers report released in October.
Notre Dame Fire Reveals Global Safety Lapse Over Dangers of Lead Dust
Blog | 0 comments | by Grace Mera
PARIS (AP) — It took a blaze that nearly destroyed Paris’ most famous cathedral to reveal a gap in global safety regulations for lead, a toxic building material found across many historic cities.
A day after burglars made off with priceless jewels from a German museum, pressure is growing on police to find the culprits. One big reason:
Juul disregarded early evidence it was hooking teens
Blog | 0 comments | by Grace Mera
(Reuters) — The San Francisco startup that invented the groundbreaking Juul e-cigarette had a central goal during its development: captivating users with the first hit.
Industry Applauds House Panel Backing of Terrorism Reinsurance Renewal
Blog | 0 comments | by Grace Mera
Insurance carriers and agents are applauding a House committee vote advancing a bipartisan measure to renew the federal terrorism reinsurance program.
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Tokio Marine Holdings Inc. has agreed to buy U.S. high net worth insurer Privilege Underwriters Inc. and its specialty insurance subsidiaries, known as Pure Group, for $3.1 billion (approximately JPY 325.5B).