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August - 2011
College Students
Personal Perspectives
from Mason & Mason
Greetings!

As you read this, the chances are very good that I am sitting on a sandy beach listening to waves crash against the shore and breathing in the crisp sea air, tasting the salt upon my lips (give it a minute, that twinge of jealousy will go away).

 

Hampton Beach

This week my family is off on our annual camping vacation. It's something I look forward to all year long. People are often surprised to find that I enjoy camping (something about my fancy fingernails makes them think I'd be happier in a hotel, but the truth is... I love camping -- and I was as surprised to discover that as they are!)

 

The thing about camping, though, is that it can be a lot of work. There are so many details to pull together! The first year we camped we made a list of stuff we thought we should take. We scoured websites and gathered info on everything we might possibly need. Funny... we came home that year with another Roasting Marshmallowslist - one of all the stuff we wished we had taken, as well as the stuff we took and had absolutely no use for.  

 

Now that we've learned what works for us, we pretty much have this roughing it routine down.  We like to think of ourselves as seasoned campers (ok, so maybe sleeping on a double height air mattress isn't exactly roughing it, but hey... it ain't the Ritz!) 

 

As my mind went through the planning process for our trip, I thought about how there are also a ton of details that need to be looked at to make sure you have the coverage you need to protect what's important to you. It could be overwhelming, but thankfully, we know all of the right questions to ask to ensure that your insurance program is perfectly suited to your needs. You don't have to go out and research different carriers, because we already know the strengths and weaknesses of each company, and we can put you with the one that is the best match for you. That's just one of the perks to being under the tent of an Independent Agent. :)

 

If you have any questions at all about your policies or the coverage they provide for you, please don't hesitate to call on our seasoned staff. They'll be here, ready - and happy - to chat with you (another perk!)

 

Enjoy the rest of your summer (I know I am!) See you in September!Heather  

 


Heather Clement

Mason & Mason Insurance 

M&M Assurance Group 
   
P.S. We'd love for you to LIKE us on Facebook! It's all about community... you'll get great info, and maybe even a few laughs - who else can make insurance fun? :)  And don't forget about our website at www.mmins.com. Click the "Clients" tab at the top of the page and gain entry to the site with username: "Client" and password: "INFO4U". You'll find a Home & Auto section designed with you in mind... and check out our brand new blog! Please let us know what you think... we love to hear from you! 

 

THE IMPACT OF MOVING VIOLATIONS AND DRIVER'S LICENSE POINTS ON YOUR INSURANCE PREMIUMS


Cruiser

Americans love to hear about point systems. After all, many involve us earning desirable rewards, discounts, and freebies. However, not all point systems are about earning something desirable.

 

In most states, you earn points on your driver's license after being ticketed for moving violations like running a red light or stop sign, illegal u-turns, unsafe lane changes, and so forth. Although no driver relishes the thought of paying moving violation tickets, the financial implications are actually much broader when the points accumulate. This could be in the form of higher insurance premiums or even the suspension of your driving privileges. The details of the point system vary by state. For example, some states assess points to drivers that are at fault in an auto accident. That said, most point systems will assess points one of two ways...

 

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In This Issue
Driver's License Points & Your Insurance Premium
To Consolidate, or Not?
Don't be CLUEless!
Quick Links
Check a License - MA Contractor Licensing
MA Auto - Consumer Information
 
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INSURANCE COVERAGE: TO CONSOLIDATE OR NOT?

Dice

Keeping in mind that there are many types of coverage and each individual consumer will have different specific insurance needs, there may be several reasons to consider consolidating your various policies with a single carrier. For most people, the pros of consolidation usually outweigh the cons, but here are some points from both sides:

 

Cost. Consumers often find there's a cost benefit in consolidating their coverage with a single carrier. While the exact number will vary from company to company, it's very possible to save...

  

 

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THE CLUE REPORT: DON'T BE LEFT CLUELESS ON INSURING YOUR NEW HOME!
 Family with New Home

If you don't properly educate yourself on the home buying process, it can very well be like walking into a minefield. Most buyers at least have a novice understanding on areas like their credit, pre-approval, a home inspection, and so forth. However, most buyers don't have a clue what a CLUE report is, much less what an important element it is when buying and insuring a new home. Considering that around 90% of all insurers underwriting Homeowners insurance subscribe to the CLUE service, it's certainly something that you should know about.

 

What Is CLUE? The Comprehensive Loss Underwriting Exchange, or CLUE, is a database that allows Auto and Homeowner insurers to exchange information about property loss claims. Unless your state specifically requires it, prior notification isn't required before your information goes into the system. ChoicePoint, one of the largest personal consumer data compilers in the United States, maintains the database. Property loss claims and even inquiries into coverage are entered into the CLUE database.

 

Your insurer can access the CLUE database when you apply for Homeowners insurance on your new home. The system will allow them to see any past claims that previous owners filed on the house. It also allows them to see past inquiries on damages, even if there wasn't a claim filed. You could find yourself in an insurance nightmare if...

 

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Thank you for taking the time to read this month's newsletter! Did something in this month's issue address a question you may have had? Was there one article in particular that you found useful? Let us know! We value your opinion, and your feedback helps us to ensure that we keep bringing you content you find helpful and relevant. Share your thoughts!
 
Thanks again,
 
Heather Clement
Mason & Mason Insurance
M&M Assurance Group
 
Mason & Mason Insurance Agency                                          M&M Assurance Group
458 South Avenue                                                                           3304 White Mountain Highway
Whitman, MA 02382                                                                         North Conway, NH 03860
T (800) 759-1452                                                                             T (800) 298-0802
F (781) 447-2832                                                                             F (603) 356-9290