Long Insurance Services of Kernersville, NC


  Contact : 336-992-5664

All posts by Monte Long

Holiday Up in Flames

Don’t let a fire take the merry out of your holidays.

The Holidays are a time of year to enjoy friends and family, but sometimes they don’t always go as planned. Don’t believe us? Check out this experiment we did with our Erie, Pennsylvania, City of Erie Fire Department.

ERIE staged a fire in a vacant home which showed how a Christmas tree fire can fill a room with toxic smoke in just 30 seconds and burn down an entire living room in one minute.

“Many people love their Christmas decorations and choose to leave them up for a few weeks after the holiday, but when it comes to a dried-out live Christmas tree, that’s a dangerous risk to take,” said  Gary Sullivan , vice president of property and subrogation claims, Erie Insurance. “We want families to enjoy the post-holiday season safely; we don’t want them to be displaced from their homes due to a fire, or even worse, caught in a life-threatening situation.”

Recent national reporting done by the National Fire Protection Association showed Christmas trees resulted in an annual average of seven civilian fire deaths, 19 civilian fire injuries and $17.5 million in direct property damage during a four-year period. Make sure to take care of your tree to ensure a safe and happy holiday.

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Secure-Shopping

Shop Safe Online this Holiday Season

Last year, ERIE Customer Don O.* of Pennsylvania received a text from Amazon letting him know that his package had been delivered.

The only problem? He hadn’t ordered anything—an identity thief had. Don later discovered that the thief had also opened up a fake credit card in his name and used it to purchase an Amazon Prime membership in addition to products from the popular e-commerce site. Just like that, Don became one of the 13.1 million people affected by identity theft in 2015.

Online shopping is growing increasingly popular—last year, the National Retail Federation’s Thanksgiving weekend survey revealed that more people shopped on the Web than in stores during the Black Friday weekend.

Yet e-commerce also gives identity thieves new ways to commit their crimes. If you’re shopping from the comfort of your couch this holiday season, the following tips from a variety of experts can help you lower your chances of getting trapped like Don. (Fortunately, his story had a happy ending—check it out below.)

  • Only shop on secure sites. Any page that lets you enter credit card information should start with https:// and include a locked padlock icon. Make sure to enter the correct spelling of the site you intend to visit.
  • Avoid making purchases via a public Wi-Fi connection and computer. Open connections can give hackers direct access to your personal information. The big concern with public Wi-Fi is that your information could be available to anyone on the network. Also avoid using public computers in places like libraries or hotels—they can often store your personal information for anyone to see.
  • Choose strong passwords. If a site requires you to log in,choose a password that doesn’t in any way relate to your personal information. And be sure the password includes a mix of upper- and lowercase letters, numbers and characters.
  • Activate your device’s built-in firewalls. Also consider investing in separate security software and updating it frequently.
  • Update your browser(s). Browsers need to be updated just like security software does. Regularly check for browser updates—older versions could have security gaps that leave you vulnerable to identity theft.
  • Check your card’s purchase activity frequently. During the holiday shopping frenzy, it’s worth checking your credit card transaction activity every week or so. Doing so lets you spot and dispute any fraudulent charges ASAP.

(FULL ARTICLE)

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Auto Coverage

Understanding Your Auto Coverage

You know if you have a car, you need auto insurance. However, you’re probably not thinking about what kind of coverage you have until you need it. From protecting your car, to protecting your passengers and any prized possessions along for the ride, it’s good to know your ERIE policy has you covered for life’s little mishaps.

Say your daughter forgets your car is parked right behind her in the driveway or a deer doesn’t wait his turn to cross the street, we’ll make sure you’re back on the road as soon as possible. In the moments after an accident, so many things are happening that you may feel overwhelmed. Thinking about what you auto policy covers shouldn’t be one of them.

Common Coverages
Depending on your state’s requirements for auto insurance and what limits and options you pick, your auto policy can include up to six common coverages.

You Cause an Accident and Someone Gets Hurt: If you cause an accident and other people are injured due to your negligence, bodily injury liability coverage is what protects you against their claims for damages, such as medical expenses, lost wages, and pain and suffering. (Talk to your ERIE Agent to learn more and to determine what limits are best for your situation.)

(FULL ARTICLE)

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Insurance Audit

Why Is My Business Being Audited?

Erie Insurance’s priority is always to do right by you, our valued Customers. Although an insurance audit may seem like bad news, the truth is that it may not be as troublesome as you may think. In fact, it could be beneficial to your business.

If you have workers’ compensation and/or general liability coverage for your business, it’s likely that your insurer will conduct an audit. This common practice helps ensure that the insurance company doesn’t overcharge or undercharge your business for coverage. In the end, you’ll be reassured that your coverage is up to date and you’re paying the proper amount.

The good that comes from an insurance audit

When you purchase your policy, the initial premium charged for workers’ compensation and general liability coverage is estimated using different rating bases as well as the proper classifications and rates that apply to the business and the work during the policy term. Premiums for workers’ compensation insurance are estimated based on payroll. Premiums for general liability insurance are calculated based on different variables, such as payroll, receipts, sales, units and the like.

Throughout your policy term, your sales, payroll and other variables will fluctuate. The audit takes place at the end of the policy period to collect the updated information and calculate your final premium.

For example, if business is better than you expected and you have hired more employees than you planned, your payroll will be higher and you will potentially have a greater exposure for someone to file a workers’ compensation claim. It’s a smart move to reconcile any differences.

There are three basic types of audits:

  • Questionnaire audit: You will be mailed a letter that provides a website address and a password that allows you to sign on and complete a questionnaire.
  • Telephone audit: An auditor will contact you by phone and interview you to complete the audit. You will initially receive a letter with a date and a two-hour window when the auditor will call you.
  • Physical audit: An auditor will meet with you in person to complete the audit information.

What happens if my estimates are not accurate?

Estimates should be as close as possible to the actual amount of payroll and sales incurred during the policy period. If the estimate is too high, you’ll receive a refund, usually a credit to your current policy. If it is too low, you’ll receive a bill for the additional premium for the audit period and the current year.

(Full Erie Article)

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Hurricane-Insurance

How Named Storms Affect Your Insurance Coverage

Hurricane season is here and it’s been an active one so far. Here are a few things to know about hurricanes, named storms and how any strong storms can affect your insurance coverage.

A storm is called a hurricane when it forms over the Atlantic and the eastern and central Pacific Oceans; a cyclone when it forms over the southern Pacific and Indian Oceans; and a typhoon when it forms over the western Pacific Ocean.

Today, the NWS maintains six lists of names that rotate every six years. The only exceptions are the 77 names of the most damaging hurricanes the World Meteorological Organization retired out of respect to victims and survivors.

A few years ago, The Weather Channel (TWC)—a private cable and satellite television network that’s completely separate from the NWS—announced that it would start naming winter storms. When asked why, they cited many of the same reasons behind naming hurricanes—namely, an easier and more effective way to raise awareness and communicate updates about a storm.

Many named-storm deductible clauses work by requiring a deductible that’s a certain percentage of a home’s value—anywhere from one to 10 percent—instead of a fixed dollar amount. That means instead of paying a $500 or $1,000 deductible, a house that’s insured for the U.S. average of $161,100 would shell out $16,100 if their named-storm deductible was 10 percent.

With ERIE, you don’t have to worry about a named-storm deductible.

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