News & Events

Insurance Myths, Legends, and Lies (#1)

As professional insurance agents and perpetual students of the industry we routinely hear a wide variety of commonly held beliefs that often leave us scratching our heads.  The talented Christopher J. Boggs over at the Insurance Journal has put together a list of some of the most common myths, legends, and lies in hopes of dispelling some of this information.

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Here we will try to share and dispel at least one myth each Tuesday, so keep checking back.  Some will be short, some much longer.  Any questions or comments please let us know!  You can call 877-446-BECK, or send us an email at joe@beckinsurance.com.

“If I don’t have anything, they (the plaintiff, lawyers and court) can’t get anything; you can’t get blood out of a turnip.”

Want to bet?  The belief that an at-fault individual cannot be financially harmed because he doesn’t have much is one of the most insidious lies conceived by it’s originator.  Future wages can be attached; possessions can have liens placed against them, etc.  Many states don’t allow the court to take someone’s house in settlement, but the at-fault party will be unable to amass much beyond the house until the debt is satisfied.  A lot of what can be done might be subject to state law, but the pound of flesh will somehow be exacted.

 

Christmas Theft Prevention

The Christmas season is a joyous time for most, especially thieves. Here are just a few easy tips to make you and your family less of an easy target:

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1. When out shopping if you must leave your purchases in your car, lock them in the trunk so they are out of sight.

2. Keep it off social media….if you travel for the holidays, share your travel plans and trip experiences after you return home. It is probably also a good idea to not post the pricey gift you received this year as well.

3. Taking out the garbage….breakdown and bag up boxes and packaging for big ticket items. Thieves roam the neighborhoods looking for the house with the big screen smart TV box out with the garbage….and they always find one.

4. When putting up your outside Christmas lights, remove and put away your ladders when finished with them.

5. This time of year it gets dark much earlier. One of the better theft deterrents has always been good lighting. Installing motion detecting exterior lighting is quick & easy, inexpensive, and effective.

There are many, many other great tips available online but these five are very easy and should significantly reduce your risk of trouble this holiday season.

Stay safe and have a Merry Christmas!
Joe Beck, CIC, VP
Beck Insurance Agency

Pet Health Insurance now available with Beck Insurance Agency!

Longtime Beck Insurance Agency partner, Auto-Owners Insurance Company has partnered up with Figo Pet Insurance Company. This partnership allows Beck Insurance Agency to bring one of the best Pet Health Insurance products to you in the USA, at a discounted rate.

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Figo has taken a totally new approach to Pet Insurance.  Figo is the first cloud-based pet insurance company.  With the Pet Cloud and mobile app, managing your pet’s life has never been so easy.

Please contact Beck Insurance Agency today to learn more about this exciting new product and get a quote for your cat or dog.  Call 419-446-2777, email info@beckinsurance.com, or request a quote on our Contact Us tab.

Thank you too!

“Hi Joe,

Hope you had good fishing this weekend with the nice but windy weather.  A nice break from the cold.

I just wanted to tell you all how impressed Jim & I are with our auto insurance.  When I was rear ended about a month ago, your representatives in our area were on the phone that very afternoon setting up claim appointments & getting relevant info.  Charlie, the guy who came out to write up the appraisal or whatever it is called, really helped.  He was thorough, knowledgeable & helped Jim narrow down a shop to take the car to.  

The parts were ordered & 6 days after the accident, the car was in the shop getting repaired & the insurance had set up a rental car that was delivered to the auto shop.  Jim picked up our car that Thursday 9 days after the accident fixed, clean & running great.  We couldn’t be more pleased.

Above & beyond that wonderful service, when the representative called me the afternoon of the accident he explained the mini tort procedure for reimbursement of our deductible.  We expected to have to make numerous phone calls, copy sheets of paperwork etc to get the ball rolling on the reimbursement.  On the day after we picked up our repaired car, we received our deductible reimbursement in the mail! We had to do nothing, you all handled it all!!!

I’ve told all this to someone from the insurance company who called after all the repairs were made but wanted to be sure you all knew too.  You can bet we’ll continue with your company when our policy is due & will tell others about the awesome service.  Thank you!!!!!

Polly & Jim Bradford”

Canton, Michigan

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Insurance Fraud Hall of Shame – 2015

Blown up houses, staged wrecks and bogus spine surgeries were among the damage inflicted by nine convicted scammers newly selected to the Insurance Fraud Hall of Shame.

Beck Insurance Agency

They were enshrined by the Coalition Against Insurance Fraud. The Hall of Shame recognizes the year’s most extreme insurance schemers. All were convicted or had other legal closure in 2015.

True-life cases reveal insurance fraud’s high human costs. At least $80 billion is stolen a year. Innocent people are traumatized, injured and lose their savings. Welcome to the crime warp:

Burning desire. Financially strapped Mark Leonard botched an insurance arson of his Indianapolis home. A leaking gas line blew up the place, killed two next-door neighbors and leveled much of the neighborhood.

Puppy plot. Nearly 30 puppies cringed in their cages as Gloria Lee’s henchman spread gasoline around her Las Vegas pet shop for an insurance arson. Incredibly, Lee’s own store security cameras filmed her executing this scheme. The dogs were saved.

Dollars & dents. One of America’s biggest-ever staged crash rings stole money in the New York City area. Crash kingpin Mikhail Zemlyansky churned out $279 million in false injury claims from setup wrecks. He bribed doctors to make false diagnoses.

Spineless spinal con. Dr. Aria Sabit sliced open and fused spines of healthy patients to try and steal $32 million of insurance money. Some of the Detroit-area man’s patients were disfigured and permanently injured.

Unsettling settlements. Manhattan attorney Steven Krawitz stole $1.9 million of insurance settlements from nearly 50 clients. Most received no money; some were destitute. Krawitz even stole from a 96-year-old great-grandmother.

Unhealthy health plans. At least 12,000 consumers bought fake health coverage William Worthy sold throughout the U.S. in a $14-million theft. Many of the South Carolina man’s victims had thousands of dollars in unpaid hospital bills.

Police raid. NYPD officer Jose Urena became lawless. He kept buying Mercedes he couldn’t afford. He then burned, vandalized or crashed them for false insurance claims — and to escape car payments.

Lifeless life plot. Debt-ridden Jose Lantigua bribed corrupt officials to declare he’d died and was cremated in Venezuela. The Jacksonville, Fla. man tried to steal more than $9 million in life insurance. Except Lantigua looked nothing like the U.S. man whose identity he stole.

Deadly life insurance. Pierre Collins beat his son Barway to death, duct-taped his body and threw him into a Minneapolis river for a mere $50,000 in life insurance.

Source: Coalition Against Insurance Fraud via Insurancejournal.com

 

Health Insurance Open Enrollment

Health insurance open enrollment is here and you act by December 15, in order to get a January 1 effective date.

The “Affordable Care Act”, (also known as Obamacare), has dramatically changed how we manage our health care needs…..

If you don’t purchase the “minimum essential” coverage required by the new health care law and you are without coverage for over 90 days, you could be penalized up to 2% of your household income in 2015.  This penalty is based on how many months you were without coverage.  The penalty increases to 2.5% in 2016.

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The penalty increases with time.  In 2015, it would be $325 for an adult and $162.50 for a child (with a family maximum of $975), or 2 percent of family income, whichever is greater.  In 2016 and later, it would be $695 for an adult and $347.50 for a child (with a family maximum of $2,085), or 2.5% of family income, whichever is greater.

The Congressional Budget Office projects that 3.0 million people will pay a penalty in 2016.  The total penalty someone can pay will be limited to the average cost of a basic insurance policy sold through the public exchanges, starting in 2014.

The Affordable Care Act has made purchasing your health insurance affordable depending on your household size and your combined gross income.  Before you decide not to purchase coverage, let us help you determine what your options are and what it will cost.  Beck Insurance Agency has experienced agents who are licensed to conduct business both on, and off the Federal Exchange to help you.  Call us today to make your appointment at 419-446-2777.

2015 Medicare Advantage & Drug Plan Open Enrollment is here!

Medicare Open Enrollement

The Medicare Advantage & Drug Plan open enrollment runs from October 15 to December 7th in 2015.

If you are age 65+ or disabled, you should enroll in Medicare A or B, and either purchase a Medicare Supplement with a Part D drug plan, or a Part C, “Advantage Plan” that includes drug coverage.  If you do not purchase qualified drug coverage when you are eligible, you will pay a 1% penalty per month if you ever do purchase a Part D drug plan.  This penalty would be assessed to you for the rest of your life.  The penalty is 1% of the average cost of a national drug plan and is assessed monthly.  For example, if you decide not to purchase a drug plan and three years later you need one, you would be penalized 36% per month.  If you decide just to enroll in Medicare A & B and nothing else, you will be covered for approximately 80% of your medical bills with NO upper limit on your out of pocket expenses.  For example, if you had a bill for $300,000, your cost share would be approximately $60,000.

Please call William “Bill” Beck, our senior products expert at Beck Insurance Agency today at 419-446-2777 learn more about your options, rates, and to get enrolled.

Win Ohio State at Michigan Tickets & Help Charity!

MICHIGAN ONLINE AD361

With the generous help of Safeco Insurance Company, Beck Insurance Agency has organized a drawing for a pair of free tickets to the Ohio State vs Michigan game on November 28 in Ann Arbor, Michigan.

We will be selling a maximum of 350 tickets at only $15 each. 100% of the money will be split evenly between Sara’s Garden in Wauseon, and the Barton Twins – who were born premature at only 25 weeks gestation.  For more details please click on their names above.

Tickets can be purchased at Beck Insurance Agency, 120 N. Defiance Street, Archbold, Ohio 43502, Sara’s Garden, 620 West Leggett, Wauseon, Ohio 43567, or Joe Beck’s home at 10942 Springbrook Court, Whitehouse, Ohio 43571.

Any questions please call Beck Insurance 419-446-2777 or Joe’s cell 419-572-9673.

Thank you very much!

Regards,

Joe Beck

 

 

How Much Life Insurance is Enough?

How Much Life Insurance is Enough?
Life insurance is a crucial step in planning for your future. Not only can life insurance provide assurance for your family if you are no longer around, there are life insurance policies that offer benefits while you are living.  So how much life insurance is right for you here in Ohio, Michigan, or Indiana?

Based in Archbold, Ohio (not too far from the Indiana and Michigan borders) Beck Insurance Agency understands the life insurance needs of our customers.
The necessity of life insurance depends on your own personal and financial needs.

At Beck Insurance we can assist and help you determine the type and amount of life insurance that is appropriate for you and your family. Generally, you should consider life insurance if:
• You have a spouse
• You have dependent children
• You have an aging parent or a physically challenged relative who depends on you for support
• Your retirement savings are not enough to insure your spouse’s future against a rising cost of living
• You have a sizable estate
• You own a business

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Additional benefits of life insurance other than providing for your loved ones, in case something happens to you include:
• The cash value earned and borrowed from a permanent life insurance policy can be used to help with large expenses, such as a college education or down payment on a home.
• The growth of a cash-value policy is tax-deferred — you do not pay taxes on the cash value accumulation until you withdraw funds from the policy.
• Life insurance can be used to cover funeral expenses and pay estate taxes — consult your tax advisor for more information.

The right coverage for you is unique, and often costs less than a cup of coffee a day – talk to us today at the Beck Insurance Agency: 419-446-2777, and find out how to protect your family and your future with the right life insurance.

Don’t forget the TOYS!

Motorsports Insurance
Insurance for your ATV, Dirt Bike, Golf Cart, Snowmobile, and more

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There’s no shortage of ways to get outside! Whether you’re hitting the trail, the links, or just the great outdoors, the last thing you want to worry about is whether your insurance policy has you protected.
Beck Insurance Agency can help you get the specialized coverage you need for your specialized vehicles. We can help you protect your investment and let you get focus on having fun.
Are your off-road toys covered? Contact our team today to talk about:

ATV (All-terrain vehicle) insurance

• Dirt bike insurance
• Dune buggy insurance
• Golf cart insurance
• Snowmobile insurance
• Any other motorsports insurance

Not Sure You Need ATV, Golf Cart, Snowmobile, or other Motorsports Insurance?
Most specialized vehicles aren’t covered under your standard auto or home insurance policies, especially when you aren’t on your own property. What’s more, many national, state, or other public parks require specialty vehicle riders to be properly insured.

Want to keep your Snowmobile, Dirt Bike, ATV, Golf Cart & other Motorsports Insurance costs down?
Several factors can affect the cost of insuring a specialty vehicle. So what can you can keep your rates low?
Be safe. If you have violations on your driving record or claims on your insurance policy, your rates will likely be higher.
Choose your vehicle carefully. Some models of ATVs, snowmobiles, dirt bikes or other off-road vehicles are considered more aggressive machines, and typically cost more to insure.
Own More Than One. With many carriers you can receive a discount if you insure more than one specialty vehicle on your policy.

Good Coverage. Great Times
Every specialty vehicle policy is unique, but the following is a quick rundown of the some of the options included in most ATV, snowmobile, dirt bike, golf cart, and other off-road vehicle insurance policies:
• Collision coverage – pays for covered damage to your vehicle when in a collision with another vehicle or other object.
• Property damage liability coverage – insures you against certain damages caused to another person’s property while operating your vehicle. This coverage may also provide you with a legal defense for such claims if another party files a lawsuit against you.
• Bodily injury liability coverage – insures you against certain damages if you injure or kill someone while operating your vehicle. This coverage also may provide you with a legal defense if another party in the accident files a lawsuit against you.
• Comprehensive physical damage coverage – pays for covered losses resulting from incidents other than collision – like fire, theft, or vandalism.

Let us help make sure you’re covered when you hit the trail – talk to us today to find out how to get the best price and value on the motorsports insurance that’s right for you.