Auto Insurance

Video: Understanding Beneficiary Designation

Posted on July 11, 2017 by admin

NOVATO — Host, Sarah Rutan: Whether you have or are planning to make a legal will or trust, you’ll need to know some important guidelines regarding beneficiary designation. Today we’re in Novato with Carl Lundgren of Mitchell & Mitchell Insurance Agency to learn more.

Diamond Certified Expert Contributor, Carl Lundgren: When I’m talking about beneficiary designations, I’m talking about the people or entities that you designate on a financial document. These are the people who will receive the proceeds when you pass away. Ideally, you would have an attorney review those documents from time to time. Especially if you have a trust, because a trust, and those documents, might be inconsistent in how they ready, Read more

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Common Mistakes Regarding Beneficiary Designations

Posted on July 11, 2017 by admin

NOVATO — If you’ve established a will or trust, you’re probably familiar with the term “beneficiary designation.” A beneficiary is any person or entity to whom you designate control of your finances and possessions in the event that you pass away. However, when it comes to determining whom to designate on your financial documents, there are three common mistakes you should avoid:

Mistake #1: Assuming your will is the final authority. A beneficiary designation trumps what’s written in your will. In other words, if your will says one thing and the beneficiary says another, your beneficiary has the final word. So, be sure to designate a beneficiary whom you trust to respect and carry out your wishes. Read more

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Video: Avoiding Pitfalls with the Affordable Care Act

Posted on July 11, 2017 by admin

SANTA ROSA — Host, Sarah Rutan: If you’re a business owner, you’ll want to be aware of upcoming changes to the Affordable Care Act and how they will affect you. Today we’re in Santa Rosa with Diamond Certified Expert Contributor David Hodges of Vantreo Insurance Brokerage to learn more.

Diamond Certified Expert Contributor, David Hodges: Good morning. I just want to talk a little bit about the Affordable Care Act today because there are some pitfalls that you as a business owner can really fall into if you’re not careful or have good consultants. In fact, that’s a large reason why I’m a member of Diamond Certified is because they spend quite a bit of time making sure that we’re not only ethical, Read more

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How to Get the Most Value for Your Totaled Car

Posted on July 11, 2017 by admin

CONCORD — Following an accident, an insurance company may deem a car to be “totaled,” which means they reimburse the owner for its cash value rather than repair it. The problem is, it’s not unusual for an insurer to value a totaled car at a significantly lower amount than the owner was expecting. Fortunately, there are some proactive steps you can take to maximize your cash reimbursement.

The first thing you’ll need to do is independently establish your car’s actual cash value (ACV) by gathering a sample of what similar vehicles are selling for. Get prices on 20 vehicles with the approximate year, make, model and condition as yours, and then do some simple math to determine the average. Read more

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Video: Maximizing the Value of Your Totaled Car

Posted on July 11, 2017 by admin

CONCORD — Host, Sarah Rutan: In the unfortunate event that your car is totaled, it’s important to know how to maximize its insurance value. Today we’re in Concord with Diamond Certified Expert Contributor, Rich Lezcano of Simply Superior Auto Body to learn how.

Diamond Certified Expert Contributor, Rich Lezcano: Once you’ve determined that your car has been totaled by the insurance company, there’s a few steps that you can use to maximize the value of the settlement that they’re going to give you. You want to establish the actual cash value of your car, ACV. You get that by getting a good sample of vehicles like yours, try to find about 20, Read more

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Choosing a Repair Shop for an Insurance Claim

Posted on July 11, 2017 by admin

SAN JOSE — In the event of an auto accident insurance claim, your provider will likely recommend using a shop that’s part of its direct repair network. What you may not realize, however, is that you have the right to take your vehicle to any shop you choose.

When you file an insurance claim, your provider will typically send you to a direct repair shop, which will perform an initial inspection, take photographs and forward the appraisal to the provider. At this point, it’s no longer mandatory for you to leave your vehicle at that facility. Like many drivers, you may have a shop that services your car regularly, or a particular mechanic you’re more comfortable with or who will give you a better deal for a quality repair. Read more

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Video: Your Right To Select A Repair Facility

Posted on July 11, 2017 by admin

SAN JOSE — Host, Sarah Rutan: After an accident, it is simple to go with a shop that is recommended by your insurance company, but what if you have someone else in mind? Today we’re in San Jose with Diamond Certified Expert Contributor Tyson Jasso of Blossom Valley Collision to learn what your rights when it comes to choosing a shop.

Expert Contributor, Tyson Jasso: Did you know you have the right to take your vehicle to the shop of your choice? If you ever have an accident, your insurance company will set you up most likely to go to a shop on their direct repair program that will do the initial inspection, Read more

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