Insurance - Off Topic (Non Trade) - Contractor Talk

Insurance

 
Thread Tools Search this Thread Display Modes
Old 01-22-2013, 01:19 AM   #1
living the dream
 
broncofatboy's Avatar
 
Trade: general contractor
Join Date: Dec 2010
Location: nebraska
Posts: 96
Rewards Points: 75

Insurance


Was doing my budget for the year toda and was sickened by how much i pay for all different insurance, mine includes

Health (family of Four)
General Liability
Work Comp
Comercial Umbrella
Life
Disability
Personal Auto
Homeowners
Motorcycle
Boat
an at least a couple others


I may be self employed but it sure feels like i work for the insurance company. Just my rant of the day
broncofatboy is offline  

Warning: The topics covered on this site include activities in which there exists the potential for serious injury or death. ContractorTalk.com DOES NOT guarantee the accuracy or completeness of any information contained on this site. Always use proper safety precaution and reference reliable outside sources before attempting any construction or remodeling task!

   

Advertisement

 

Old 01-22-2013, 01:29 AM   #2
Fire up the BBQ
 
griz's Avatar
 
Trade: GC
Join Date: Nov 2009
Location: CA
Posts: 21,869
Rewards Points: 2,606

Re: Insurance


It sucks, a guy can get insurance poor pretty quick....

Do you use a single agent? Often they can provide a multiple policy discount.

My boat insurance was looking pretty spendy....until it got included in the HO's policy...

Advertisement

__________________
SOME JOBS JUST AREN'T WORTH DOING:
griz is online now  
Old 01-22-2013, 01:38 AM   #3
living the dream
 
broncofatboy's Avatar
 
Trade: general contractor
Join Date: Dec 2010
Location: nebraska
Posts: 96
Rewards Points: 75

Re: Insurance


mostly single agent and we did put boat under homeowners but it all seems to add up quickly
broncofatboy is offline  
Sponsored Links
Advertisement
 
Old 01-22-2013, 02:03 AM   #4
Registered User
 
northwest GC.'s Avatar
 
Trade: General contractor
Join Date: Jan 2013
Location: Seattle, washington
Posts: 10
Rewards Points: 10

Re: Insurance


Griz, Brings up a good point about a single agent. Last summer I switched from three agents to one and saved considerablly, Not to mention a lot less confusion.
northwest GC. is offline  
Old 01-22-2013, 09:13 PM   #5
Kitchen Cabinets NJ
 
cabinetsnj's Avatar
 
Trade: Kitchen Cabinets
Join Date: Jun 2012
Location: New Jersey
Posts: 1,099
Rewards Points: 500

Re: Insurance


Quote:
Originally Posted by griz View Post
It sucks, a guy can get insurance poor pretty quick....

Do you use a single agent? Often they can provide a multiple policy discount.

My boat insurance was looking pretty spendy....until it got included in the HO's policy...

Great advice! Get a multiple policy discount.
__________________
NJ Cabinet Outlet
cabinetsnj is offline  
Old 01-23-2013, 09:20 AM   #6
Pro
 
dougger222's Avatar
 
Trade: Roofing Contractor
Join Date: Jan 2004
Location: Stillwater Minnesota
Posts: 1,678
Rewards Points: 1,116

Re: Insurance


I use one agent for all my insurance. They look like this,
Main home
Lake home
Rental home
3 work trucks
daily driver
muscle car
old sports car
4 work trailers
3 personal trailers
2 boats
atv

On top of that roofing liability and workers comp insurance fo my co. and general liability for my wifes co. Health, life, and disability insurance.

The only saving grace is the past 6-7 years most of my work comes from the insurance industry.

Last year dished out around $27K total!!! At least most of it is a write off...

By paying the vehicle and trailer insurance one payment per year save hundreds of dollars.
dougger222 is offline  
Old 04-04-2013, 01:23 PM   #7
Registered User
 
krishtula's Avatar
 
Trade: Insurance
Join Date: Apr 2013
Location: New York City
Posts: 2
Rewards Points: 10

Re: Insurance


As opposed to just speaking to an agent who deals with only one insurance company, i would recommend speaking to an independent agent (works with many insurance companies) or a broker (works for you and shops with different companies directly) You will be surprised what a difference it is to have someone who is not biased to a single company.

Advertisement

krishtula is offline  


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Insurance audit red_cedar Business 23 12-02-2012 09:24 AM
What do you pay a year for commercial auto insurance? CarrPainting Business 8 05-16-2011 03:30 PM
Salesman and Insurance JenRan Marketing & Sales 3 05-13-2011 09:17 AM
Homeowner insurance 1mancrew Roofing 6 02-20-2009 08:42 PM
Work Truck Insurance / Personal or LLC ? We Fix Houses Vehicles 0 01-03-2008 07:48 PM

Join Now... It's Fast and FREE!

I am a professional contractor
I am a DIY Homeowner
Drywall Talk is for
PROFESSIONAL CONTRACTORS ONLY!

At DrywallTalk.com we cater exlusivly to professional contractors who make their living as a contractor. Knowing that many homeowners and DIYers are looking for a community to call home, we've created www.DIYChatroom.com DIY Chatroom is full of helpful advices and perfect for DIY homeowners.

Redirecing in 10 seconds
No Thanks
terms of service

Already Have an Account?