I'm thrilled to share some insights from my recent podcast episode where I had the pleasure of hosting Matthew Young, a seasoned insurance expert with over 21 years of experience. Matthew's wisdom and dedication to his clients are truly inspiring, and I believe his insights will be beneficial to you.
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No Hidden Fees: Matthew's brokerage stands out by not charging application fees for homeowner's insurance. This is a refreshing approach in an industry where some companies sneak in extra charges after the sale.
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Personalized Service: Matthew emphasizes the importance of having a local advocate who is available even outside regular business hours. He believes in providing ongoing support to his clients, rather than just focusing on sales.
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The Importance of a Trusted Advisor: Matthew shared a scenario where a client's failure to report a claim led to potential rate increases. This highlights the need for a trusted advisor to guide you through such situations.
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Additional Coverage Options: Matthew advises considering separate contracts for insuring valuables like jewelry. He also stresses the importance of adding coverage for water sewer backup, which many plans do not cover unless added separately.
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Factors Affecting Premiums: Your credit score, claims history, and even the current season can affect your homeowner's insurance premiums. Matthew advises against comparing rates with neighbors as there can be significant variations.
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Shopping Around: I shared my personal experience of saving $1000 by shopping around for homeowner's insurance. Matthew added that factors like the age and condition of your home can also affect insurance rates.
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The Claim Process: Matthew emphasizes the importance of having an insurance adjuster as a point of contact when filing a claim. He believes in the power of advocacy and has personally expedited claims processes for his clients.
I hope these insights spark your curiosity and encourage you to listen to the full podcast episode. Matthew's expertise is invaluable, and I believe his advice can help you navigate the often confusing world of insurance.
Stay tuned for more enlightening conversations on our podcast. Until then, take care and stay curious!
