Severe Weather Best Practices

Severe weather can cause a lot of damage from lightning, trees and water. Here are a few safety tips and best practices:

1) Buy, rent (Home Depot, Lowes, etc.) or borrow (from a family member or friend) a backup generator to restore power so you can maintain lighting and other core utility services.

2) If you have water in your basement due to sump pump failure or overflow – do everything you can to prevent further damage by moving contents to an unharmed area of your home and utilize fans to mitigate any possible mold issues. It’s critical to call an emergency restoration company ASAP to help assist if the water is significant. You have coverage for this up to your sump and sewer back up limits on your homeowners policy.

3) If you have damage to your roof, siding or windows – do everything you can to protect the damaged area to prevent future damage. This is the duty of the homeowner.

4) Take pictures – your insurance company will do everything they can to get onsite in the event of a claim but due to volume it may take a couple days.

5) If you have damage caused by a tree – it may be wise to have a licensed tree contractor out ASAP to mitigate any future property damage or bodily injury.(*Your insurance company will generally only pay for debris removal up to your policy limits for those areas impacted by a covered loss.)

6) If you light candles be sure you monitor them closely as they are a very common cause for major fire losses in a home.

Preventative measures

1) Look into a sump pump emergency/battery backup. This could save thousands of dollars in the future.

2)Do you have an alarm in your home? Contact your local provider and ask about cellular or battery backup so if the power does go out – your home is still secure and safe.

3) Develop a list of trusted contractors for emergency situations so in advance you are prepared for any situation.

Cox Insurance Welcomes Two New Partners

CIA-Partners

On June 1, 2016, Cox Insurance Associates added two new partners – Alex Kuettel and Hanna Cox. They join Ric Cox, Taylor Cox, Kevin Schroeder, and Ryan Wagenman as shareholders.

“We see value in bringing young, educated, and dedicated professionals on as partners,” said Ric Cox, Principal. “Hanna and Alex bring enthusiasm and fresh ideas, and their presence makes us a better organization.”

Alex Kuettel has served as an Advisor at Cox Insurance. He recently received the prestigious Certified Advisor of Personal Insurance (CAPI) designation from the Wharton School of the University of Pennsylvania and Chubb Personal Insurance. Alex is a respected leader within the firm and a trusted resource for his clients.

Hanna Cox serves as an Advisor and Account Executive at Cox Insurance. She has a broad background and experience in risk management. In addition to her insurance duties, Hanna is co-chair of the agency’s marketing committee, heads the agency’s community-based charitable initiatives, and is the art curator of the building’s 1639 Gallery.

“As the insurance industry evolves, our commitment remains the same — to always have the customer at heart,” said Taylor Cox. “We want to continue to be at the forefront of finding new ways to serve the changing needs of our clients and we feel the best way to do this is investing in our people.”

Uber, Car2Go and Insurance

With the growing popularity of ride-share (Uber, Lyft) and car-share (Car2Go) companies, it is important to know your potential insurance risks.

As a ‘ride share’ driver:
The moment your app is online, you are operating ‘for hire.’ This is an exclusion on most personal auto policies.

Ride-share companies do provide coverage for their drivers, but it can vary. For example, Uber provides $1M in liability coverage for their drivers once they have either accepted a ‘trip’ and/or when they have a passenger in the vehicle. However, they provide very limited coverage while the app is online and you do not have a route or passenger.

Uber-graphic

As a ‘ride-share’ passenger:
Most ride-share policies provide $1M in Commercial Liability and $1M in Uninsured/Underinsured Motorists coverage. According to Uber, their policy has “up to $1 million per incident for bodily injury or property damage to passengers.”

It is also likely that your own personal auto policy medical or personal injury coverages would apply.

When using a car-share service:
When you rent from a car-share like Car2Go, your rental fee includes their very minimal level of car insurance. Your personal auto policy coverage would likely also apply as it would be considered a rental car.

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Information from this article was gathered from:

Information may vary based on your carrier, state and policy. Please contact your Cox Insurance team for more specific information.

March Madness Pet Playoffs

In honor of March Madness, the Culture Committee at Cox Insurance has launched our first ever Pet Playoff. This bracket style tournament pits our staff’s pets against one another using the only meaningful measure: CUTENESS!

Matches we are keeping our eyes on include Culture Committee’s Bad Blood match: Tetra v. Brady! We also had a round one Cat Fight between Mina and Pippi! Then, of course there is the matchup of Bodo and Parking Lot Squirrel (PLS). Does Bodo have it in the doggie bag, or will PLS be a sleeper hit?

Stay tuned for the results!

 

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Cox Insurance Named a ‘Circle of Excellence Agency’ by Western National Insurance Group

Insurance Award

Western National Insurance Group today announced that Cox Insurance Associates has been named one of Western National’s Circle of Excellence Agencies for 2016.

The Western National Circle of Excellence recognition is announced annually to spotlight an elite group of partners who have excelled based on performance and growth over the past six years (2010 – 2015). An agency must also demonstrate that they meet high standards of professional excellence and integrity in order to be considered for this recognition. Cox Insurance Associates’s place among this list is a testament to the overall quality of the agency’s insurance professionals and their commitment to meeting the needs of their insurance clients.

This recognition places Cox Insurance Associates in the 90th percentile of all Western National partners for overall performance, growth, and partnership over the past six years.

Western National Insurance Group, headquartered in Edina, Minn., is a super-regional group of seven active property-and-casualty insurance companies.

Associate of the Year & Award of Excellence Winners

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Last week we recognized our Associate of the Year honoree, Catie Penning; and our Award of Excellence winner, Tracy Olson. These awards are peer-evaluated and Catie and Tracy are VERY deserving! Congratulations!

Wishing You Warmth: Holiday Giving

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This week at Cox Insurance we kicked off our holiday one-for-one campaign “Wishing You Warmth.” For every holiday gift we send our friends and clients this season we are donating a new blanket to The Salvation Army Harbor Light Center.

On Monday, members of the Cox Insurance team delivered more than 100 blankets to the shelter and served a meal. We will continue to volunteer throughout the holiday season and the Cox Insurance office is also a collection site for anyone who would like to donate a blanket to Harbor Light.

More about Harbor Light Center
The Harbor Light Center at 1010 Currie Ave., Minneapolis, is a safe place for people to stabilize their lives and begin the process of healing. They offer a wide range of basic needs and rehabilitation services to anyone in need, without discrimination. The shelter is Minnesota’s largest homeless adult outreach facility and includes a clinical treatment program for men working to beat chemical dependency.

Cox Insurance Advisor, Alex Kuettel, Receives Prestigious CAPI Designation

Cox Insurance Advisor, Alex Kuettel, has been awarded a Certified Advisor of Personal Insurance (CAPI) designation from the Aresty Institute of Executive Education at the Wharton School of the University of Pennsylvania and Chubb Personal Insurance.

Alex is among a group of only 39 agents to receive the certification after completing a one-year intensive educational program on understanding the lifestyle and risk management and insurance needs of high-net-worth individuals. The program also helps agents to brand themselves as trusted high-net-worth advisors. Created by Wharton and Chubb in 2014, the CAPI program is the first of its kind to focus on a specific customer segment in the personal insurance marketplace.

“The agents who have completed the CAPI program have demonstrated that they have the high level of skill and expertise required to understand the total family balance sheet and advise high-net-worth individuals on their complex risk management and insurance needs,” said Stacey Silipo, director of strategic partnerships for Chubb Personal Insurance.

“We are extremely proud that Alex has received the prestigious CAPI designation,” said Taylor Cox of Cox Insurance “This shows his incredible dedication to the insurance industry as well as his commitment to serving our high-net-worth clients, who have a unique set of property and liability exposures created by their assets and lifestyle.”

The curriculum for the 12-month CAPI program included six modules related to the high-net-worth mindset, customizing insurance solutions, building client relationships, selling, excelling in the high-net-worth arena, and sustaining excellence. Courses, which are taught by Wharton faculty, Chubb subject matter experts and other professionals, include “Understanding the Total Family Balance Sheet,” “Collections,” (art, jewelry, antiques, wine, etc.), “Family Security,” “Relational Agility,” and “Building Your Personal Brand.” Classes are held on Wharton’s campus in Philadelphia, at Chubb Personal Insurance’s headquarters in Whitehouse Station, NJ, and online.

Courses were taught by Wharton faculty, Chubb employees and other experts who work with high net worth clients and their advisors. Agents received instruction on the Wharton campus at the University of Pennsylvania in Philadelphia, at the Chubb Personal Insurance headquarters in Whitehouse Station, NJ, and through virtual classes, webcasts, reading assignments and other online activities throughout 2014-2015.

Protecting the Wealthy New Kids on the Block

Taylor Cox, partner at Cox Insurance Associates, Inc., was recently interviewed for the ThinkAdvisor article “Protecting the Wealthy New Kids on the Block” and provided insight and recommendations for protecting young business leaders who have a high net worth.

http://www.thinkadvisor.com/2015/10/21/protecting-the-wealthy-new-kids-on-the-block?page_all=1

Back to the 50’s BBQ – June 20

Join us June 20 for our annual Back to the 50’s BBQ! New this year: bleacher seating for optimal car viewing, JonnyPops​, and more prizes for costumes and classic cars.

Click here to RSVP