Wenclewicz Insurance Presents: Ask Wenc

General Insurance Articles

Great Gift Idea!!!

Do you have a God-son/God-daughter? Grandson/Granddaughter? Nephew/Niece? Or maybe you just want to protect your own child? We strongly recommend you look into a children’s life insurance policy.  One of the best gifts you can ever give for a child you care about! If you started a child life policy with a face amount of $25,000, automatically at age 18 coverage would go to $37,500(with no increase in premium) and then at 25 the face amount would increase again to $50,000(again with no increase in premium)

How Can I Report A Claim???

At Wenclewicz Insurance you have the best of both worlds.  Our office hours are M-Fri 8:30am -5:15pm.  During that time we recommend you call our office 317-288-5099 to get our advice about coverage, deductibles, etc.  We can then transfer you directly to the company to “officially” turn in your claim.      During non business hours, we also recommend you call our office 317-288-5099.  You can follow the auto attendent prompts and turn in the claim directly 24/7 to your insurance company.  Our office will follow up with you to make sure that everything is going smoothly with your claim in the days following. You … Continue reading

What Happens When I Buy A Car During (Wenc Ins) Non Business Hours???

If the new vehicle replaces a vehicle listed on the Dec Page: the coverage, deductibles, and limits of liability will be those provided for the replaced vehicle *Temporary Coverage*   If the new vehicle is an additional vehicle: the coverage, deductibles, and limits of liability will be those provided for the vehicle(s) listed on the Dec Page already *Temporary Coverage* The biggest issue/concern is if the current vehicle that you are replacing has liability only(which means no comprehensive or collision coverage) and you wish to have comprehensive and collision provided for the new vehicle. In this case the company does extend $500 deductibles … Continue reading

Back-Up Of Sewers Or Drains Coverage???

This endorsement provides coverage for losses caused by water which backs up through sewers or drains or water that enters into and overflows from within a sump pump or sump pump well. This coverage is NOT standard and is typically excluded! It is the 2nd most common claim in Central Indiana behind hail and we recommend AT LEAST $5,000 worth of coverage if your property is on a crawlspace and/or basement. It is important to know that you can add on in increments of $5,000 and most companies will only allow you to add up to $25,000.  We have several companies that will … Continue reading

Coverage E…Personal Liability???

Coverage E is included in your condo/home/renters insurance policy for at least $50,000. We recommend no lower than $300,000 for property owners and in fact you can go up to $500,000 before adding an umbrella policy which gives you even more protection. We recommend no lower than $100,000 for renters. If a claim is made or a suit is brought against you for damages because of bodily injury or property damage your insurance company will: Pay up to the limit of liability on your policy for the damages for which you are legally liable.  AND… Provide a defense by counsel of the … Continue reading

Home Insurance And Renewals???

We have certainly let you know about the rising home premiums over the last several  years in the industry (see our prior blog, What Other Agents/Insurance Companies Don’t Want You To Know About Your Home Policy?).  But now companies are doing much more than just raising premiums.  They are switching to actual cash value (ACV) payouts instead of replacement cost AND raising deductibles.  To make matters worse, other insurance companies are making these changes on your renewal without you noticing…until of course a claim happens! Price is certainly important, but you never want to sacrifice coverage.  After all if you bought insurance on price alone you … Continue reading

What Exactly Is An Insurance Score???

An Insurance score uses the credit information from your credit report to assess whether you are more or less likely, compared to other consumers, to have insurance claims in the near future that will result in losses for the insurance company. The percentages below reflect how important each of the general categories is in determining your score: 40% previous credit performance 30% current level of indebtedness 15% length of credit history 10% new credit/pursuit of new credit 5% types of credit used

Notices From The BMV?

The Indiana BMV is mandated by law to require all individuals involved in an automobile accident to provide proof that they had insurance in place at the time of the accident. The BMV will send a notice via snail mail within 45 days of the accident to ALL individuals involved in an accident.  When you get this notice simply email it to us at service@wenc-insurance.com or fax it to us at 288-5103.  We will handle the rest! Have a SmartPhone?  Take a clear photo of the letter and email it to service@wenc-insurance.com.  

Loans and Insurance?

Whether it is your auto, home or business policy…you will get letters in the mail from your lender requesting your insurance information.  It doesn’t matter if you just switched to us or have been a client for a long time…this can happen, don’t panic!  Why does this happen?  Either the lender is not listed on your policy (and they need to be) or they need to update how they are listed on the policy (new mailing address, etc) Solution to the problem!!! Email the letter to: service@wenc-insurance.com or fax it to: 288-5103. We will work directly with the lender to … Continue reading

How Much Will Adding An Alarm To House Help My Rate?

Many believe that by adding an alarm system it will significantly help their rate.  And that is true, but only to a certain extent.  By having an alarm system it will significantly reduce the chance of you having a theft claim which will help keep your rate from skyrocketing(theft is one of the worst claims you can have when it comes to affecting your future insurance rate)  But if you are already claim free, the alarm system discount is only a 5% discount. When you hear alarm companies advertise 10-30% discounts, they are referring to 10-30% off of the base rate, not your … Continue reading