Author: Paulin Insurance Associates, LLC

Letter to our Valued Clients

To our valued business clients,

We hope you and your families are remaining healthy and safe during these trying times! The news on all networks have been filled with information on the now declared pandemic of the Coronavirus or COVID-19. It is possible on your commercial property insurance to extend coverage to include coverage for loss of business income due to a closure of your business caused by a covered peril. A communicable disease like the Coronavirus may not be a covered peril, but you should not allow that assumption to keep you from taking action.

First, it is critically important to report all claims and potential claims to EACH AND EVERY CARRIER whose policy might apply to your loss. This includes CGL, Personal lines, Umbrella, Excess, Workers Compensation, Specialty and any other policy you may have.

Second, you need to determine whether you purchased business income coverage. If you don’t find the coverage in your policy description, be sure to call our office.

Third, if your business closes due to the Coronavirus, it is important to know (again) that communicable diseases typically are not a covered peril that would give rise to insurance benefits for loss of income. It doesn’t matter if the loss of income is just from a downturn of business due to the loss of many customers or the actual closure of your business. However, you should still report all claims and potential claims.

Please be sure to contact our agency if you have any questions. We thank you for your continued trust in our business.

Coronavirus Update

We want you to know that we are business as usual; however, some of us are working from home and we request that you call or email us instead of visiting us for the time being. Our team is following all safety precautions passed down by the CDC and WHO to ensure we are not spreading the virus.

Happy New Year!

We want to personally wish you and your families a joyful, healthy and peaceful 2020! May it be full of inspiring experiences, friendships and adventures.

Thank you for being a part of the Paulin Insurance family!

With warmth and gratitude,
Chris, Dana, Tracy, Tyler, Kelly & Ricky

Should you buy cheap insurance?

There are several things in life that are acceptable to buy “cheap” versions of, but insurance should never be one of them. We all understand the appeal of wanting to purchase the cheapest version of homeowner’s insurance or the cheapest version of car insurance – because you’ve never been in an accident before, right? Though it’s tempting to buy cheap insurance, it will never end well.

If you could visibly see the danger of buying cheap insurance, you’d never actually take the risk. Just like if you see cheap meat at the grocery store, you would never buy it. That’s because you know it could lead to getting sick, you can visibly see what’s wrong with it and you’re smart enough to know it’s not worth getting the cheap version. But, it’s not the same when it comes to insurance because you can’t see it to know.

Less expensive insurance is fine; we all want to pay the best price for the best product. But cheap insurance is always going to be a generic plan from a company that gives no advice and offers no rewards.

Cheap insurance will never be tailored to your needs. Would you ever go to a clothing alterations shop and give them your clothes to alter, without trying them on for the tailor, just because it’s cheaper? No. You’ll want to try on your clothes for the shop and have them maneuver the shirt to fit your body correctly, tailoring it how you need it. However, people are willing to do that with their insurance. Customers are constantly willing to pick a plan over the internet or over the phone, without ever actually ensuring the plan fits their needs. They pay for generic insurance that may not even cover what they need it to, but it’s cheaper every month than getting on a plan that best suits them. It could take months and even years for customers to realize their insurance coverage is not fitting for their lifestyle, but it’s often too late.

Cheap insurance won’t offer advice or help. Would you ever go to a doctor that didn’t offer advice, follow-up appointments or treatment options? No. You go to the doctor to find out what they can offer you to help you in whatever way you need. So why would you opt for this when it comes to insurance? Cheap insurance companies aren’t going to offer you a listening ear or tell you what you need to hear; they’ll tell you what you want to hear and never follow-up to be sure you’re happy and satisfied with your coverage.

Cheap insurance is missing values that will help you out in the long run. Would you ever purchase a car that can only be re-sold for $1.00? No, because in the long run, you’re helping yourself out financially by purchasing a car with a decent re-sale value. It might save you money at the beginning, but it will cost you more in the long run. Things like accident forgiveness won’t be included on your auto insurance plan because when you purchase cheap insurance, you’re only looking at the price tag and not the lack of valuable extras.

In short, it’s important to look at purchasing insurance as you would any other large purchase: utilize the advice of professionals, discuss it with colleagues, and do your research. Paulin Insurance Associates is here to help, whether with complicated insurance questions or simple inquiries. Allow us to open your eyes to what you’re actually purchasing so you can see the value we see.

Home Business Insurance

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Did you know that your Homeowners’ policy does not provide adequate coverage for your home based business? Home-based businesses include cosmetic sales, scented candles/oils, wellness products, hair products, arts and crafts and similar businesses.

Nearly 60% of home-based business owners don’t have insurance. Make sure you have the right coverage for your business. See the source image