Shepard Insurance Insights

Rising Construction Costs! Exposing the Limitation of Basic Home Insurance Policies Insuring your most important asset, your residence, with a basic home insurance policy (vs a premium contract), comes with a wide range of coverage limitations. The most important one being the Replacement Cost limitation on rebuilding to the insured value of your home. “Inflation [...] Read More

Hold Back for Depreciation The #1 reason to insure with a premium contract! In previous issues of our blog, we have written about the benefits of selecting a premium insurance contract (written by a company like Chubb), over a basic policy underwritten by the vast majority of insurance companies that you listen to advertising on [...] Read More

A Hidden Tax on Success! It is impossible to miss if you turn on the TV or listen to your radio. A group of auto insurance companies luring drivers with advertisements suggesting you can “name your own price” for insurance coverage. So, let’s be honest, this process is an effort to issue policies that have [...] Read More

Weather in the Teens over the Christmas Weekend! Climate continues to be a challenge and a concern, this time with frigid temperatures dropping into the teens. As we focus on the holidays, give some thought to the extreme cold and the concern that pipes may freeze and create an ice palace in your home. “This [...] Read More

Limited Replacement Cost is a Problem Recent construction inflation numbers indicate that material costs have risen by an average of 36% nationwide! 36% is a problem for many homeowners who have chosen a basic HO-3 insurance policy form that includes the Limited Replacement Cost endorsement. “Recent construction inflation numbers indicate that material costs have risen [...] Read More

Weather Disasters Prompting More Focus One has to notice when even GEICO has gone five quarters without making a profit, that these weather events with flooding and fire are having a substantial impact on auto insurance premium increases. “Premium inflation due to claims suggests a refocus on how you should view your auto insurance.” Premium [...] Read More