Why Did My Insurance Go Up? – Chesterland OH



Hi Barb. So with everything that’s going on in the economy, can you give any information about the insurance side of why the rates are going up?

Well, we are getting a lot of notifications from all of our carriers, preferred personal lines, commercial lines, whether it’s home or auto as well. With homes, we’re seeing an increase in the cost due to material costs are higher, lumber’s higher, we saw that impact first, higher labor costs. More firms are experiencing project delays, workforce shortages and just supply chain and shipping delays. So that’s kind of impacting homes. So we’re seeing about a 10% increase across the board from all carriers.
On the auto side, it’s really very similar as well. Just higher prices for used cars. I mean, those are up 40%. New car inventories are dwindling. And so there’s a higher demand and new cars are up as well. Repair costs are up due to labor costs, increase in labor costs, rise in the cost of car parts, people are in the shops with a repair for 30, 60 days. And just also an increase we’re seeing in rental car. So all around, the state of the economy with inflation is impacting insurances as well. So best thing to do is hang tight or call your agent for a quick review and then they can put you at ease to make sure you’re getting all the discounts and bundling that you are qualified for.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Business Insurance Coverages – Cases #1 and #2 – Chesterland OH



What insurance does a small business actually need?
Much of a business’s success depends on how well it can overcome obstacles.

Luczkowski Agency Insurance and Financial Services is here to help guide you through the perils that you likely don’t anticipate.

Bad Luck Case #1
In this example, the hefty legal and judgment costs would have been covered by Hired and Non-Owned Auto Liability Insurance, up to purchased policy limits.

Bad Luck Case #2
ACME had Worker’s Compensation Insurance that covered Julie’s expenses, but not Colleen’s. The state identified that ACME had misclassified Colleen, which led to hefty penalties and judgments for medical costs and damages.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Homeowners Insurance From Luczkowski Agency Insurance and Financial Services – Chesterland OH



Do you have any questions about homeowners insurance coverages? We’d be happy to help!

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

The Advantages of Our Workplace Supplemental Benefits Offerings – Chesterland OH



Did you know that there is a solution to rising healthcare costs that can save both employees and employers money?

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Commercial Auto Insurance Explained – Chesterland OH



Key elements to Commercial Auto Insurance coverage with Luczkowski Agency Insurance and Financial Services.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Business Insurance Coverages – Cases #5 and #6 – Chesterland OH



The final segment in our video series about what insurance a small business actually needs.

Bad Luck Case #5
We review the need for Employment Practices Liability Insurance.

Bad Luck Case #6
A Key Man Life Insurance Policy would have been very helpful, giving the business valuable time to recover from the loss.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Business Insurance Coverages – Cases #3 and #4 – Chesterland OH



As we continue our series of business insurance examples…

See how Bad Luck Case #3 might have been improved with a Property Insurance Policy that included Debris Removal Coverage, along with Business Income Insurance.

Bad Luck Case #4 reveals a very real need for Cyber Liability Insurance with Data Ransom Coverage

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

What is an Umbrella Policy? – Chesterland OH



Hi, agent Barb Luczkowski. What is an umbrella policy? And do I even need one?

Barb Luczkowski Well, an umbrella policy is a blanket of coverage that goes on top of your existing policies, whether it’s your home, your vehicles, maybe your toys, a boat. Umbrella, it’s additional coverage that kicks into place if needed. So the big question is, is do I need it or should I have it? Well, that depends on everybody situation. And usually when you accumulate things, it’s consideration. Or do you have teen drivers? Teen drivers present more exposure. Or perhaps you’re a business owner. Business owners have more exposure, as well, even to the point, whether it might be just a small business or a professional, like a CPA, attorney or doctor. And then lastly assets. Do you have assets that are greater than 250,000? Ir you fall into any of these categories, we should definitely have a conversation. Thanks.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

How Does Towing Work? – Chesterland OH



Hi, agent Barb Luczkowski. So, I think I have a flat tire and I need a tow, what do I do?

Well, you have a couple options. The first thing is, if you can safely pull off to the side of the road so that you’re not blocking traffic and keeping yourself safe, that’s the first thing you want to do. Then you want to be able to assess where you’re at, but you should have your ID card in your car or maybe in your wallet, which will have the 800 number in for the claims department. The claims department has a towing division, which they can arrange for a tow where you’re at. However, if the wait might be an hour, you also have the option to call a local tow company nearby, make arrangements with them, pay for that tow, get the receipt, and then submit it to your agent or your agent’s office. And then in turn, we would submit it in for reimbursement and you’ll get that cash within the next seven to 15 days.

Awesome. Thanks for the help.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042

Business Insurance Coverages – Cases #1 and #2 – Chesterland OH



What insurance does a small business actually need?
Much of a business’s success depends on how well it can overcome obstacles.

Luczkowski Agency Insurance and Financial Services is here to help guide you through the perils that you likely don’t anticipate.

Bad Luck Case #1
In this example, the hefty legal and judgment costs would have been covered by Hired and Non-Owned Auto Liability Insurance, up to purchased policy limits.

Bad Luck Case #2
ACME had Worker’s Compensation Insurance that covered Julie’s expenses, but not Colleen’s. The state identified that ACME had misclassified Colleen, which led to hefty penalties and judgments for medical costs and damages.

Call Luczkowski Agency Insurance and Financial Services in Chesterland OH at (440) 729-4042