Shepard Insurance Insights
Category: Home Insurance
Taxes making you flee to Florida?
What you should know about buying a Florida home: Successful individuals and families are slowly becoming aware of the new limit on tax deductions for State and Local Tax (SALT), and the resulting increase in their taxes. Some of those people are actively planning on a move to a state without state income tax, such [...]
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What is your Client’s Number?
Success comes with plenty of responsibility. Whether your client decides to organize for that responsibility is the first question. Most do, but some successful people choose to ignore the responsibility. It starts with the number. How much of the clients net-worth is necessary to live the balance of their life, meeting all needs and obligations, [...]
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Dynamic Changes to Insurance Claim Statistics
Forty years ago when Shepard Insurance Group initially opened our doors property insurance for homes, condos, and townhouses was the crown jewel. Claims against insurance policies happened on average every 13 years. GUESS WHAT THAT NUMBER IS NOW? 5!!! Property damage claims for owners now are happening every five years. There is a lot in [...]
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RISK MANAGEMENT – Burning Assets with Limited Protection
At Shepard Insurance Group we are often asked to review a successful family’s insurance portfolio. Providing a “Second Opinion” to a client who has put long term faith in their insurance agent, while enjoying the fruits of their success, can be very revealing. There is that occasion where the insurance is appropriate and the client [...]
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Co-operative and Condominium Building’s Master Insurance Policy
If you have a client getting ready to close on a Co-op or Condo, they may have some questions about the type of insurance they need to purchase. A closing attorney can usually help the buyer to understand what the by-laws state and do a review of the building's master policy, but there are definite [...]
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Adding to the Valuable Articles List- Golf Clubs
The newest entry to the list of items that are considered unique and valuable are golf clubs. In years past, a good set of sticks would never eclipse $1,500, which would make setting up special coverage highly questionable, and probably less than your deductible. If they were lost or stolen, it would be unfortunate, but [...]
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