AEP begins Oct. 15th and will run through Dec. 7th. This is when you can make changes to Medicare Advantage and Part D Drug Plans. Let us help!
Groups that employ less than 20 employees now have to offer “state continuation of coverage to their employees”. This works very similar to “Cobra” in that the terminating employee can choose to continue his/her coverage and pay the entire premium for up to 12 months.
The Colony Group was presented the North Star Community Beautification Award by Newport News Vice Mayor Madeline McMillen for it’s efforts at the 13185 Warwick Blvd office building. Barry Layman received the award on 7/22/10 at the regular meeting of DWBA. (www.dwba.org)
Five of the Property & Causalty companies that Colony represents made the Ward’s Top 50 P&C Company list. They are Erie, Goodville, Philadelphia, Progressive and Travelers. This helps you be assured that Colony represents solid, quality companies for your best protection.
For more information go to their website www.wardinc,com. You might be amazed at what companies are not on the list.
An earthquake with a 3.6 magnitude hit Friday July 16, 2010 and was centered in Germantown, Maryland. The epicenter of the quake was approximately three miles below ground and was reported to be felt in a widespread area over four states and the District of Columbia.
Standard property insurance policies do not cover earthquake damage. However, you can add on this coverage for an additional premium. Most companies have a waiting period for adding the coverage.
It is a good thing to review your insurance policies from time to time (I recommend every 2-3 yrs) and get comparable proposals. However, rates are not the only thing to compare. Coverage can vary drastically from company to company. If one only looks at the declaration page of a policy, they are not seeing the whole policy. Other factors to consider are: Financial Rating of the company, who handles the claims, agent involvement of changes and claims, and whether or not you are getting a proposal or just a quote.
Most people think all Homeowner Insurance policies have a percent deductible for storm related damage. This is NOT true! I have seen as high as 5%. On a $300,000 home, this is a $15,000 deductible! Our major companies offer policies without this percent deductiible.
This is the first post of our new blog. Keep checking our website blog page for regular postings. Thanks!
