 | Solving Clients′needs
since 1954 | | In this Issue: | | Client of the Month | Sharks Tickets Drawing
Dec 2010 Winner | | Insurance In The New Year | | Good News On Premiums | | New Laws in 2011 | | | Customer Alerts: | Mercury Auto Insurance Customers
Mercury Auto: Rate change effective 12-15-2010. Rates are reduced 4.5% on average. Call us now to review your policies so that you can save more on your auto insurance.
Other important changes that may affect your rates are:
1. Revised Multi-car discount - policies with more drivers than vehicles will experience a lower multi-car discount.
2. Vehicles garaged in separate location (such as away at college) will now receive the multi-car discount.
3. Increased Discount for Educators, Scientists and Engineers.
Last but not least, Mercury has reduced the EFT Fee from $5 to $1 per month. |
| | Chris Grammar
President | | Connie Prince
Personal Lines and
Office Manager | | 630 Cowper Street
Palo Alto, CA 94301
P: 650-328-1000
F: 650-324-1142
Open M-F 8:30-5pm
LIC# 0525309 |
| | | | Welcome to Allied Brokers' January 2011 Newsletter! |
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| | Client of the Month |  Philippe G. Davis
Attorney-At-Law
550 Hamilton Avenue, Suite 100
Palo Alto, California 94301
Phone: (650) 327-1645
Fax: (650) 326-2404
inquire@pgdlaw.com
www.pgdlaw.com |
| Sharks Tickets Drawing - December '10 Winner |  Winner from Dec 2010 Drawing
Werner Rogmans
Owner, Stanford Floral Design
Winner from 89 client respondents
To participate in this month's (January 2011) drawing send us an email with subject as "Free Tickets - January 2011 Drawing". |
| Insurance In The New Year | Insurance has been around for nearly 4,000 years. Of course things have changed since the Roman traders in the 2nd millennium BCE paid lenders an additional amount to cancel their debts if their goods were lost. But the basic principle of insurance remains the same - protection against loss. So what does 2011 have in store for insurance that is new? Quite a bit, actually.
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| Good News On Premiums |  Various plans to hike health insurance rates have been stillborn. Health insurance company Aetna planned to raise premiums by up to 19% but had to withdraw the proposal when it found that justification for the rate increase was based on a bunch of clerical errors. The state Insurance Commissioner is now reviewing premium increases for individual insurance policies and the review of Aetna proposal found the company's calculations to be defective. How much they were off the mark is not known as the proposal was withdrawn as soon as the review results came out. And this is not the first initiative to raise health insurance rates that has hit a brick wall.
Last April, WellPoint proposed an increase in individual health insurance rates by as much as 30%. Once again the proposal was based on the rising costs of medical care. In this instance it was a case of both a huge increase and bad timing going against the company. President Obama used the WellPoint proposal as an example of why a new health care system was needed. The press gave this story a lot of prominence and the resulting bad publicity was the last thing the company wanted.
Health insurance companies are still planning on rate increases based on rising medical care costs, but are worried that any increase will affect their business. The Insurance Commissioner's idea of posting future rate increase proposals on his office's website to enable the public to see what insurance companies want to charge them should also keep future increases under control.
Californians should save substantial amounts on their medical coverage. This may be a good time to think about using these savings to increase your health and other insurance coverages.
Courtesy: www.healthinsurancefinders.com
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| New Laws in 2011 |  The New Year brought with it 725 new state laws. To have a look at all the new laws and see if any affect you, go to leginfo.ca.gov.
There are two that are insurance related and which may result in substantial savings on individual insurance rates:
• Law AB119 is aimed at ensuring gender equality in insurance by preventing insurance companies from charging different rates for men and women for identical coverage.
• Law AB 1871 allows car owners who are not using their cars to lease them out without the need to buy additional insurance.
Courtesy: coronado.patch.com
Insurance Can Be A Maze
With changes in insurance rates and new laws and new insurance products emerging regularly, keeping up with developments and finding the right policies can make you feel like Alice In Wonderland. It's easy to end up paying more than you need to or to buy insurance that does not provide you the coverage you need. At Allied Brokers we have spent the last 50 years helping people find the best insurance options to give them the protection they need. And since we represent the leading insurance companies in the country, we are able to offer our clients the right policies at the right cost and the right coverage. Visit our website www.alliedbrokers.com to have a look at the full range of services and insurance products we offer. You can phone us at (650) 328-1000, email us at abcosales@alliedbrokers.com or visit us in person at our office: 630 Cowper Street | Palo Alto, CA 94301
Or you can ask for a free rate quote online and have a chance of winning a $5 Starbucks gift card.
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