KMG Insurance Agency

06/13/2023

It's definitely "hail season" in Texas!

Pro Tip: If you happen to have a hail or storm event effect your home/auto, it's always best to get it checked by a reputable roofing company/body shop BEFORE you file a claim or call your insurance company for an inspection.

It's a little known fact that if you file a claim/ask for an inspection direct with your insurance carrier, there is a permanent record of that claim, even if there isn't a payout. We call those “no pay claims” and while they do not cause a rating issue with your policy, they do add up and can hinder your options to switch carriers/policies.

We recommend you call your agent FIRST and work with them and the contacts that they can provide.

If you don't have an agent, give us a call at KMG and we'll share our contacts with you and answer any questions you might have.

05/10/2023

There is further proof that the Insurance Market is currently in a HARD market, but what does that mean?
• There is an upswing in the market, due to premiums increasing and capacity for most types of insurance decreasing. Basically, supply and demand economics.

Why are we in this market?
• This type of market can be caused by a number of factors, including falling investment returns for insurers or frequency in severity of losses by insurers or regulatory intervention deemed to be against the interests of insurers. Currently, the market is experiencing all three of these factors.

So, what can you do as a Consumer?
• Think about your insurance renewal ahead of time and seek a free review from an independent agent.

• Understand your Deductibles and Coverages to make informed decisions. Many “cost savings” cut coverages, which can cost you more in the long run.

•Ensure your current coverages are accurate with property values and claim benefits. This should be reviewed annually.

Maintain your property. Good property conditions, including roofs, systems, and overall premises, can help with favorable underwriting outcomes and often ensure less loss in events.

If you think you may have a claim, discuss with your agent FIRST! This can help you avoid having non-paid claims on your insurance record. These types of claims can count against you, and in some cases, disqualify you in looking to change carriers.

At KMG, we are here to help navigate the complexity of insurance, so you are protected and understand what coverages you have.

Sources: International Risk Institute, ICAT, Deloitte

03/21/2023

The insurance market is in what the industry refers to as a “hard market”. So, what does this mean?

It’s been said that we haven’t seen one quite like this; with inflation, high numbers of losses (storms, freezes, wildfires) and continued supply chain issues. This situation is resulting in increased rates across the board, stricter eligibility guidelines and some carriers issuing a moratorium on new policies in certain zip codes/types. Some carriers are also increasing deductibles, shortening terms for auto policies, and recommending Actual Cash Value (ACV) for roofs.

These can be very costly to you as a consumer. We are here to help.

Fortunately, as an independent agency, we have a variety of carriers to resource for these situations. While we cannot always “save” your money, we do often balance your policies and provide better coverages in key areas.

If you find yourself facing these challenges, please let us know and we can get together for a free, no-obligation review of your policies. We’ll even spring for the coffee!

11/24/2022

At KMG, we are thankful for you, our clients and wishing you a very happy Thanksgiving.

11/22/2022

Unexpected Guests this Thanksgiving?

We hope not, but if your home suffers major damage, or is a total loss, in an unforeseen event, your current insurance policy may not provide enough coverage. Estimates are that two out of every three homes in America are under insured by an average of 22% and in some cases as much as 60%.

Now’s the time to double-check your home’s policy value. At KMG, we’re happy to help you with a free, no-obligation quote on your home.

10/27/2022

In case you get "Tricked" and not "Treated" this Halloween, be sure to add Glass Breakage Coverage to your Home and Auto policies.

This type of coverage is very inexpensive and can save you hundreds of dollars on a claim. Most deductibles are typically $50.

We offer this for our clients, call us today for a free, no-obligation review of your current policy and a quote.

KMG Insurance Agency
469.444.2784
www.KirkMasseyGroup.com

10/24/2022

Can You Replace Your Home For What You Paid For It?

With current building material prices, probably not.

If your home suffers major damage, or is a total loss in an unforeseen event, will your current insurance policy provide enough coverage? In many cases that answer is “No.”

One of our clients recently purchased a new policy, through our agency, and discovered they were
underinsured by more than 30%. Now they are properly covered and have an additional replacement cost that will protect them as values continue to increase.

Weʼd love to give you a free, no obligation, quote on your home as well. We wonʼt take much of your time, but our promise is that we will spend more than 15 minutes researching and working on your quote!

469-444-2784 KirkMasseyGroup.com

10/17/2022

This is tragic on many levels, so glad that no one was hurt!

As an insurance agent, I think of the impact this could/will have on the event owners, the person(s) who is responsible for starting it and the individuals losses.

No one plans on a total loss to their vehicle, or causing total losses to others, but it happens. That is why we offer higher liability and coverage limits to our clients and subscribe to them ourselves.

Stay safe. Stay covered.

More than 70 cars were destroyed in a fire at the Robinson Family Farm in Temple, Texas.

07/04/2022

Happy Independence Day! Home of the free, because of the brave!

06/23/2022

Do you get these offers in the mail all the time? I do. And they sound great…but are they?

$1,300, $1,500 $1,700 and $2,200 are the recent “quotes” I’ve received for my home insurance…two of them through the same carrier. Why is that?

It’s like our chair here, something is missing. They are offering coverage for sure but, just like the chair, it’s not quite complete.

You won’t be getting those types of quotes from KMG, we don’t believe in it. We work with you to determine the best coverages and the amounts you want to spend for your home policy. Coverage for the whole home, for you and your personal contents.

Oh, and if you are wondering what my policy cost? It’s $3,102. And I have all four legs on my chair. Let’s talk about your policy. It’s free and there are never any obligations.

Go ahead, sit down and relax with coverage from KMG.

06/07/2022

New Math or Old Math. Either Way - You Come Up Short

Coming up short is the last thing you want when it involves your Auto Insurance. Today’s car values are at record highs and your current levels of coverage may be a little short of what is needed. At any given time, when driving, you are probably surrounded by $250,000 or more in property damage liability and potentially more in bodily injury liability. Today is a good day to check out your coverage and see if you have enough. If it’s minimums, you don’t.

At KMG, we are happy to review your current coverages and discuss possible options to protect you and your personal assets from the unexpected. It’s free and there is no obligation or pressure. Reach out today and make sure you don’t “come up short.” www.kirkmasseygroup.com