Insurance Tidbits Everyone Should Know!

Before we know it, hurricane season will be upon us. Recently, I hosted a learning event for Realtors that was VERY informative. Our guest speaker was Drew Rogas of Goosehead Insurance. Here are some bullet points:

·       A SFR (single family residence) is 9% likely to have a fire.

·       The THREE main factors that determine premium are (in order) : AGE, SIZE, LOCATION

·       Trampolines are an underwriting risk (not liked by companies!)- be sure if you have one, you report it, as if there is a claim later, some neighbors kid falls, you are at risk, they won't cover if you have not reported you have one.

·       The following dogs are viewed as higher risk: German Shepherd, Doberman, Dalmatian, Pit-bull

·       Dual county areas that TOUCH the water (Brazoria, Galveston, Jefferson, Champers)- have Tier 1 Windstorm Insurance. Did you know that not all carriers offer private coverage? Some default to TWIA (Texas Windstorm Ins. Assoc), and private is better in many cases. If your clients are buying in these cities, buyer beware! (Goosehead writes private Tier 1 Windstorm): Pasadena, Pearland, Friendswood, League City, Clear Lake, Deerpark, Seabrook.

In the Markets:

Mixed economic data last week, including POSITIVE HOUSING data, pushed rates a bit higher. Read more here!

                                                    ~Jen

Don't Miss Our Upcoming Events!!

Please contact 

Annette Ernstein to RSVP for any of our events

Annette.Ernstein@legacymutual.com

Direct Phone: 713-579-3606   

1) Tour the Hernandez Team Office! 

Your 45-Minute Behind-the-Scenes Tour of the Loan Process

WHEN: Wednesday, 

May 6th

11:30am-12:15pm

2) Monthly Seminar Series: 

Who, What, Why, 

When & How of 

Life & Home Insurance  

Presented by Drew Rogas

/Goosehead Insurance; Brandon Green /Allstate 

WHEN: Wednesday, 

May 6th  

5:30pm-7:00pm

3) MCE Course:  

August 1st Changes- 

NO MORE HUD-1!?!

WHEN: Friday,

May 8th 

9:00am-11:00am