Get Proof of Insurance for a Portland Maine Sign Permit

 

If you own a business in Portland Maine, you may want an outdoor sign or awning to attract and help customers. Signs can be simple or elaborate, carved wood or electric, mounted or hanging. But all signs need a City of Portland sign permit from City Hall. You can find the application at the Citizen Self Service portal. Most sign permits cost $30 plus $2.00 per square foot. Sidewalk sign permits cost $25 plus $0.20 per square foot.

You’ll need to show proof of insurance for a Portland Maine sign permit. Your insurance policy must name the City of Portland Maine as additional insured with respect to the sign.

Proof of Sign Insurance ExampleWhy Does the City of Portland Maine Need to be an Additional Insured for My Sign Permit?

When you apply for your permit, you agree to be 100% responsible for your sign. This is called a “hold harmless” agreement. The city wants proof that you have insurance to back that up. They want to know that your insurance will pay if your sign injures someone or damages property. That’s one reason they require to be named as an Additional Insured on your business liability policy with respect to the sign.


See also:  Adding an Additional Insured to Your Insurance Policy


What Does an Additional Insured Do? 

When you add an additional insured on your business liability policy, it does two things.

  • Extends coverage to protect them under your insurance policy
  • Notifies them if your policy cancels for any reason

 

How to Get Proof of Sign Insurance

Noyes Hall & Allen Insurance can help you show proof of insurance for your Portland Maine business. Often, you must show this before you even open your business or move into the location. Sign insurance isn’t expensive. It’s often part of another policy, such as a package policy or a businessowners policy.

What Does Business Sign Insurance Do?

Sign insurance can protect

  • The value of the sign against vandalism, wind or other damage. The city doesn’t require this.
  • Your liability if your sign injures someone or damages property. That’s the part that your Maine town or city requires.

If you’re opening a business in Portland Maine and want to know more about insurance coverage and cost, contact a Noyes Hall & Allen Insurance agent. We offer a choice of many top Maine business insurance companies. We can help you find the right insurance for your business and budget. We’re independent and committed to you.

Helpful Link: City of Portland Maine Citizen Self Service Portal Login

 

How Much Commercial Insurance does Your Small Business Need in Maine?

Are you a small business owner in Portland, ME looking to protect your assets? The last thing that you need is for disaster to strike and to learn that your policy limits are too low for you to rebuild the company. Noyes Hall & Allen Insurance in South Portland can help you determine how much coverage your small business needs to survive a catastrophic event.

What is considered a small business in Maine?

By definition, a small business owner in Portland, ME is a someone who owns a company with fewer than 50 employees. Technically, sole proprietors are considered small business owners even though they are the only employee at their company. Even those who work from home should consider commercial insurance since homeowner’s policies tend to reject claims resulting from conducting business in the residence. Imagine the entire cost of medical bills for one of your clients resting on your shoulders because your homeowner’s insurance policy refused to cover a business-related slip-and-fall incident!

How much coverage do you need?

The amount of coverage varies by business. Many low-risk companies such as those primarily operated online may think they only need a minimal amount. Retail business owners might understand the exposure to loss that their customers’ foot traffic creates, and be more likely to want higher insurance limits. In reality, your liability limit should be at least $1,000,000 per occurrence – higher if  your business’ net worth exceeds that. Of course, Maine small business owners with employees also need to buy workers compensation insurance.

You have worked hard to establish yourself as the owner of your company. Do not let an incident threaten your financial stability. Contact Noyes Hall & Allen Insurance today at 207-799-5541 for a Maine business insurance quote!

Adding an Additional Insured to Your Insurance Policy

What is an Additional Insured?

An Additional Insured (AI) is someone else who is added to your business insurance policy. That coverage might last one day, one job, or all year.

Additional Insureds get two valuable kinds of protection:

  • Defense – if someone sues your AI for something covered by your insurance, your policy steps in to defend them.
  • Bodily Injury and Property Damage – your policy will pay on behalf of the AI for someone else’s medical bills or property damage .

Why Would I Agree to Cover Someone as Additional Insured?

Usually, it’s because you really want to sign a contract that requires it. Often, the contractual party with the most bargaining power is the one named AI. The weaker party adds them to their insurance. We didn’t say it was fair, did we?

For example, a landlord with a prime retail location might require tenants to add them as Additional Insured. Because you really want to be in that location, you could agree.

Additional Insureds are also common in construction trades. The practice may reduce finger-pointing and expedite settlement of accidents and claims.

What are the Disadvantages to Adding an Additional Insured to Your Policy?

Adding an Additional Insured essentially shares your insurance with someone else. Their claims become your claims. Their troubles become yours. It’s like a shared data plan, but with a maximum cost in the millions. What if your Additional Insured has a lot of claims?

  • Your insurance company might raise your rates, refuse to renew, or even cancel your policy.
  • Many commercial liability policies have an “annual general aggregate” limit. Each claim reduces the fund available to pay future claims. You may be left with a lot less insurance – less than your next job requires.

How to Add an Additional Insured to Your Insurance Policy

Contact your insurance agent if you want to add an AI to your policy. They should review the contract and your policy. They can advise you how this will affect your business and your insurance costs.

Can My Insurance Company Refuse to add an Additional Insured?

Yes. The insurance company will review your contract and exposure it creates. They may decide that it’s too risky. Some insurance policies don’t permit Additional Insureds at all. Professional liability policies are a good example. Each party should be responsible for the performance of their own professional activities.

How Much Does it Cost to Add an Additional Insured?

Additional Insured costs vary among policy types and insurers. Some business policies have “blanket additional insured” endorsements. For a flat price, these cover anyone that you contractually agree to include as AI. Otherwise, insurers charge for each Additional Insured, usually starting at $25.

Are “Proof of Insurance” , “Certificate of Liability Insurance” and “Additional Insured” the Same Thing?

No. Certificates and other proof of insurance forms are just that. They show that you have insurance at a moment in time. But if your policy doesn’t include an Additional Insured, proof of insurance doesn’t change that.

However, Additional Insureds usually DO ask for Certificates of Insurance. They want to prove that they are Additional Insureds on your policy. Your agent will only provide this if your certificate holder has AI status.

Is your business in the Portland Maine area? Do you need help with contracts, insurance requirements, additional insureds, leases or equipment rental? Contact a Noyes Hall & Allen business insurance agent at 207-799-5541. We offer a choice among Maine’s preferred business insurance companies. We can help you find the right fit for your business and your budget. We’re independent and committed to you.

Retirement in Maine: How to Reduce Insurance Expenses

If you’re planning to retire or recently retired, CONGRATULATIONS! It’s time to enjoy what you’ve worked so hard for. Many people dream of retiring in Maine. Of course, some of us are lucky enough to already live here!

Retirement finances can be a source of anxiety. No matter how much you’ve saved for retirement, you may wonder:

  • Will I Outlive My Money?
  • How Can I Safely Reduce My Monthly Expenses?
  • Can I Reduce My Insurance Now that I’m Retired?
  • Can I Live on My Monthly Retirement Income?

retirement insurance expense reductionMaine Retirees Are:

  • House Rich – Maine condo and home values are at an all-time high. With even modest savings, you may have a lot of net worth to protect. Make sure you have enough insurance to rebuild or relocate after a disaster. Protect your assets against lawsuits from injuries or property damage you might cause.
  • Income Tight – You’re on a fixed income. Every monthly payment reduces your retirement fund. You watch expenses more closely than ever.
  • Closer to Home? – Travel is now for pleasure, not work. You may drive fewer miles than you used to. Do you plan go south in the winter? What happens to your home and your car while you’re away?
  • Uncertain About the Future – will you stay healthy enough to do the things you want to? If there’s a disaster, will you have enough money to live the life you do now? If you can’t drive, who will help you with your errands?
  • Done with Property Maintenance  – you spent years mowing, shoveling, landscaping and painting. Now someone else can climb the ladder or wrestle the snowblower. Hiring contractors can open you up to liability if they hurt someone – or themselves.

Do You Need Less Insurance in Retirement?

As you prepare for retirement in Maine, you may be eager to reduce your insurance costs. You want to keep monthly expenses down because you’re on a limited income. But you also want to protect the assets you’ve spent your life accumulating. A good insurance agent can help you pick the coverage you need within your budget.

5 Retirement Planning Insurance Value Tips

  1. Buy enough liability insurance – and not too much. Your auto and homeowners liability insurance limits should at least equal your net worth. If your total assets exceed $500,000, keep your umbrella policy (or buy one). Umbrella policies are one of the best insurance buys; $1 million coverage often costs less than $200 a year.
  2. Watch Your Maximum Out of Pocket – How much are you comfortable paying if something bad happens? Choose your home and auto insurance deductibles with that in mind. Larger deductibles reduce your monthly insurance costs.
  3. Compare Insurance Prices –  Because you’ll drive differently, and won’t be working any longer, your underwriting profile changes. Your current insurance company may still be the best value. Or maybe not. A Maine independent insurance agency like Noyes Hall & Allen can compare prices and coverage among several insurance companies with one phone call.
  4. Keep Maintaining Your Property – Regular maintenance helps you budget your expenses and maximize your insurance options real estate value. If you want to change insurers, your new insurance company will inspect your home. Even if you don’t change companies,  your insurer may inspect from time to time. If they find something that they’re concerned about, they will require you to repair it. It’s better to keep up with repairs and maintenance on your own timetable.
  5. Choose Contractors Wisely – Hire reputable and trustworthy people to work in and on your property. Ask them for proof of insurance. If they hurt someone or damage their property, or injure themselves, they should be responsible – not you. When hiring cleaning people, home health care or similar service providers, ask if they are bonded.  Bonding protects you against theft by someone you’ve let into your home.

Want a Pre-Retirement Insurance Review?

If you’re thinking about retirement in southern Maine, call a Noyes Hall & Allen Insurance agent in South Portland at 207-799-5541. Or, get several insurance quotes online from our website. We can help you check your current insurance, and let you know if it’s the best value. We can also give you cost-effective advice to customize your insurance to your exciting new life. If you’re moving to Maine in retirement, and looking for a new insurance agent, we’re happy to help. We offer a choice of several of Maine’s top insurers and can do the comparing for you. We can even introduce you to some wonderful local realtors and financial planners.

Either way, you’ll know that your insurance is solid and the cost is reasonable as you head into retirement. At Noyes Hall & Allen, we’re independent and committed to you.

The Most Important Insurance for Maine Cyclists

If you know me, you know that I like to bike year-round. Not every day, but most. I’m not alone. Two of our current staff of 10 regularly bikes to work.

bike commuter insurance guysWe’re lucky to live and work in the Portland area. Maine is ranked #17 most bike-friendly state by the League of American Cyclists. The Portland Maine Bicycle Commuting Facebook group has more than 650 members (including me).

As a bike commuting insurance agent, it’s about time I wrote to explain how common insurance policies can protect cyclists, and suggest the best insurance coverage for Maine cyclists. The good news: many cyclists already have the basic coverage; they may just need to adjust their policies to get the best protection.

Car Insurance for Bicycles?

Most cyclists are also drivers, so they have car insurance. They’re probably unaware that their auto policy protects them when they’re cycling.  One part, Uninsured Motorist Coverage, is especially critical when you’re riding your bike:

Uninsured Motorist coverage protects you against injury

  • caused by an accident that’s someone else’s fault
  • if that person had no insurance or insufficient insurance

 

UM coverage can pay:

  • hospital and medical care
  • prescriptions and therapy
  • lost wages
  • pain & suffering

How Uninsured Motorist Coverage Works

UM covers the difference between the limit you purchased and what the responsible party bought. An example: someone with Maine state minimum limits ($50,000 per person) hits you. Your medical bills, lost wages and pain & suffering total $100,000. Your UM policy will pay $50,000 if you purchased at least $100,000 of coverage.

Key Takeaways:

  • Buy as much UM coverage as you can. For most Maine auto policies that’s $500,000.
  • Some umbrella policies allow you to include UM up to an additional $1 million.
  • Even if you don’t own a car, you can buy a “named non-owner” policy, including UM coverage.

 

Bicycle Coverage on Home, Condo or Renters Insurance

The most common Maine property insurance policies cover:

  • Your bike and accessories against 16 “named perils”, including theft and vehicle damage.
  • Injuries or Property damage you cause to others while cycling
  • Legal defense against lawsuits for injuries or property damage.

They do NOT cover:

  • Collisions or dumping
  • Road damage such as potholes
  • Falling off a vehicle rack, driving into the garage with the bike on the roof rack, etc.

 

Key Takeaways:

  • Buy “replacement cost” coverage to avoid depreciation.
  • Your deductible will apply. Keep the value of your bike in mind when you choose deductibles.
  • Some insurance companies allow you to “schedule” your bike, which provides better coverage.

 

How Are Scooters, Mopeds or E-Bikes Insured?

Scooters, mopeds and similar self-propelled vehicles are considered “motor vehicles” by insurance policies. They should be insured on an auto or motorcycle policy. Maine State Law requires proof of auto insurance to register them. The insurance isn’t very expensive.

E-bikes are unique. They’re not considered to be “motor vehicles” by most auto insurance. But they ARE defined as motor vehicles on most homeowners policies, and thus EXCLUDED. That means no property OR liability coverage.

A few specialty e-bike insurance programs exist. For now, we recommend that you buy coverage from them to protect yourself against liability, theft and more. At this time, Noyes Hall & Allen does not sell any policy that can adequately protect e-bike owners.

If you’re a cyclist in Maine, and have questions about insuring yourself or your bike, call Noyes Hall & Allen at 207-799-5541. We understand cyclists and insurance. We’d be happy to help you protect yourself better. We offer a choice of Maine’s top insurance companies, and know how to advocate for our clients. We’re independent and committed to you.


Resources:

Maine’s data card from League of American Cyclists (.pdf)

Bicycle Coalition of Maine website

Portland Maine Bicycle Commuting Facebook Group

 

How to Compare Insurance Prices

There are lots of ways to compare auto, home, condo or renters insurance prices. Most people prefer to save time and work by getting several quotes at the same time. Two common methods: contact a local independent agent; or get multiple quotes from an app or web site. Businesses that produce these quote sites are called “aggregators”.

Aggregators: slick apps, relentless solicitation

Online apps are usually well-designed, easy and convenient to use. Most don’t sound anything like an insurance company. They often named after a food or an animal, for some reason. Or they sound like tech companies. That’s because most of them are not insurance companies. Although they promise insurance quotes, aggregators rarely present firm numbers. Instead, they sell your information to insurance agents and companies. It’s up to those agents to try to close the sale.

And they’re relentless.

I tried getting quotes recently. I’d barely clicked “submit” when my phone started ringing. It didn’t stop for 2 days. My voice mail clearly says I’m an insurance agent. You’d think they would quickly figure out that I wasn’t going to buy from them. But they kept calling back. And the emails! I gave them credit for persistence even as I cursed their repeated interruptions.

Think that’s unusual? Google insurance quote scams.

Of course, not all insurance quote sites are the same. Some provide an estimated price at the end of your session. But most of those still need more information from you to produce a policy. That can change the price.

Independent Agents: good insurance takes time

IA’s also offer several insurance options at the same time. They are locally owned businesses – about 35,000 in the US. Call or visit an independent agent and you’ll spend 10 minutes answering the questions they need to quote. Then, the agent compares rates and coverage and presents a recommendation. Instead of just taking your order, they use their local market and insurance knowledge to recommend the right solution. It may take a bit more time than the aggregator’s app, but that can be a great investment if  it helps you avoid an expensive mistake.

Some independent agents are more aggressive than others. Some even buy leads from aggregators. A few (like us) offer online insurance quotes 24/7 on their website. Most don’t share your personal information with anyone else.

It’s smart to shop around

Savvy consumers know to compare insurance prices. You can call several “one company stores”; give your information to an online aggregator; or choose a local independent agent that you trust. If you’re in Southern Maine, Noyes Hall & Allen Insurance might be the agent you trust. Find out. Call us at 207-799-5541, get insurance quotes online, or stop by our South Portland office. We’re independent and committed to you.

How to Evaluate Auto Insurance Quotes

You know you need auto insurance. You know it’s smart to get more than one quote. But do you know how to compare car insurance quotes. To help you sift through that information, here are some guidelines, courtesy of Noyes Hall & Allen Insurance serving Portland, ME.

Cost

You want the lowest price possible. Who doesn’t? Just remember that the cheapest isn’t always the one to go with. For one, you may not be comparing the same coverage. Plus, companies have different levels of billing, policy maintenance and claims service. An independent agent like Noyes Hall & Allen represents several insurance companies. They can compare rates, saving you lots of shopping time and hassle.

Deductibles

Higher deductibles mean lower prices. They also mean you’ll have to pay more out of pocket. Be honest with yourself about your financial position and risk tolerance. Make sure you choose deductibles that are in line with your budget and lifestyle. Ask questions if you’re not sure what you’re buying.

Types of Insurance

Auto policies can contain – or omit – several coverage types: collision, liability, uninsured motorist, roadside assistance, lease gap and many more. Know what you’re buying and why. This is where an agent can be helpful in guiding you to exactly what you need, and away from what you don’t. Ask your insurance agent as many questions as you need to understand what you’re buying.

Medical Expenses

After an accident, you or others in your vehicle may need medical attention. Even if someone else is at fault, it’s faster and simpler to use your own Medical Payments coverage to get the care you need. That way you’re not out of pocket waiting for the other insurance company to reimburse you. Even if you have great medical insurance, do you know what kind of insurance your passengers have? Probably not. You want to be sure you have adequate coverage that is also affordable. An informed insurance agent can provide quality advice about choosing Medical Payments limits.

Uninsured Motorists

Unfortunately, some people drive without auto insurance or adequate coverage. So you need to protect yourself, and you need to evaluate that coverage when assessing each auto insurance quote you obtain. Beware of “per person” limits on uninsured motorist policies. One quote might say “$100,000 per person / $300,000 per accident” and another “$300,000 combined single limit”. You may think they’re comparable. They’re not. One has potentially 3X more coverage. Learn how to compare them.

Is DIY Insurance Cheaper?

Not always. Sometimes, an agent-serviced policy costs the same – or even less – that one that requires you to be your own expert and do all the work yourself. A good agent knows which discounts are available. And, when you have claims or billing questions, or forget your insurance card while you’re in line at BMV, a professional insurance agent can be worth their weight in gold.

Auto insurance doesn’t have to be confusing. Get plenty of quotes, and evaluate them using these tips. Then you can be confident in the auto insurance policy you choose. If you need additional information about Maine auto insurance, contact Noyes Hall & Allen Insurance in South Portland, ME. If you want to see several quotes at once, click on the “Get a Quote” button above.

Commercial Insurance for Maine Business Start-Ups

Commercial insurance is requisite for any business in the modern world, including start-ups. In fact, new businesses or start-ups have the most to lose if things go south. Therefore, it’s vital to protect yourself in the best possible way – including getting commercial insurance. In Maine, this type of coverage is not mandated, but if you are serious about running a successful business, you need to get it.

Purchasing commercial insurance might be the difference between death and survival  for your start-up. If you are planning to open a new business in The Pine Tree State and need coverage, Noyes Hall & Allen Insurance in Portland, ME is the place to look. We offer the following commercial insurance coverage options for start-ups:

  • General Liability Insurance for Start-Ups. GL pays for losses arising from settlements, claims, or lawsuits that your start-up may face due to injuries or property damage caused to third parties.
  • Professional Liability Insurance. Many creative and tech startups would face disaster if sued for copyright infringement, programming error, printing mistakes and other gaffes. Professional liability insurance protects you and your reputation by defending you and paying damages you might owe.
  • Property Insurance for Start-Ups. This covers physical assets owned by your start-up. This includes your investments in inventory, structures, equipment and company vehicles (commercial auto insurance). Damages caused by wind and hail storms, fire, smoke, collision and vandalism fall under this category.
  • Flood Insurance.  Flood damage isn’t covered by business property insurance. That’s why you need flood insurance for your start-up. Remember that flooding can occur anywhere, anytime. It helps to be covered from the resultant losses.
  • Workers Compensation Insurance. In Maine, if you have employees, you’re required to provide workers comp insurance. Your employees are an essential part of your business. Ensure that they are taken care of in case of an accident that results in injury, disability, or missed work.

Other coverage options are available, but these are the most important. Commercial insurance is the best way to make sure that your business doesn’t go under after an unfortunate event. For more information on commercial insurance from Noyes Hall & Allen Insurance in Portland, ME, call us at 207-799-5541, or visit our website to get the answers you need.

Why Isn’t it Cheaper to Buy Higher Property Insurance Deductibles?

 

Recently, a very smart guy asked on Twitter:

“why does it cost $19 a year to reduce my deductible from $1,500 to $1,000, but I only save $25 a year to increase it from $1,500 to $5,000? Shouldn’t deductible affect premium linearly?”

Another very smart guy responded with the snark that insurance often inspires:

 

 

Insurance Can Seem Illogical

Insurance is a big budget item. It costs a lot to protect your home, condo, car and other stuff (we won’t even start on medical insurance).

Insurance seems even more expensive because most of us don’t have claims very often. The average person has 3 or 4 auto accidents in their driving lifetime, and a home insurance claim every 12 years.

Insurance Is Mostly Math – and Math is Logical

The key concept of insurance is that everyone pays a fixed amount each year to avoid paying a huge and uncertain amount if something terrible happens. The money paid by the many goes to the few who have losses.

The typical fire claim is about $45,000. Liability claims average about $22,000, and water damage $9,000. Any of those would be a financial catastrophe for many Americans. Better to pay a fraction of that each year in predicable installments.

Insurance rates aren’t random. Insurance companies submit their rate requests to state insurance departments for approval. Those requests are accompanied by data about loss payments and current projections produced by math nerds called actuaries. The math can be heavy, and the results hard to understand.

So, Why Aren’t Deductible Costs and Savings Linear?

You might think that increasing your deductible by $1,000 should save twice as much as a $500 increase. That’s because you’re thinking about yourself, and your experience. The insurance company thinks about everyone’s claims, not just yours.

Most Claims are Small

While the average insurance claim is big, most claims are small. For every $100,000 fire claim, there are dozens of $1,500 ones. Think about it: every larger claim exceeds a smaller deductible, but not every claim reaches the larger one.

 

Example

Here’s an example of 3 deductible scenarios using 8 typical claims:

 

What happens when the deductibles increase to $2,500?

The insurance company sees that they pay 24% more on policies with $1,000 deductibles compared to $2,500 deductibles, so they offer a corresponding discount in their rates.

What if the deductibles were $10,000 instead of $2,500?

An individual or business owner might look at those figures and say “I’m taking a lot more risk with a jumbo deductible, so I should get a big discount”.

But the insurance company pays only 19% less, despite the $10,000 deductibles vs. $2500. The insurance company’s risk of claims payments isn’t linear, and so neither are the deductible savings. That’s why you don’t save as much when you buy a much larger deductible.

Logical, no?

Do you live or own a business in Southern Maine? Have questions about your personal or business insurance?  Contact a Noyes Hall & Allen Insurance agent in South Portland at 207-799-5541. We offer a choice of several of Maine’s top insurance companies. We can help you choose the most cost-effective property insurance deductible. We’re independent and committed to you.

2017 Auto Insurance Winners & Losers – and Why it May Not Matter

 

The National Association of Insurance Commissioners (NAIC) released its annual market share report last week. It ranks US insurance companies by total sales. Some household names grew substantially. Other familiar brands lost big. Should Maine insurance consumers care? Should it affect your buying decision?

US Auto Insurance – a $230 Billion Industry

There’s plenty of competition for your insurance dollars. That’s why GEICO spends more than $1 billion a year on advertising, more than any other auto insurer. Was their big spending worth it? GEICO grew by more than $2 billion in premium last year. That’s more than twice the industry’s 2.5% growth in 2017.

Which Car Insurers Won and Lost in 2017?

Besides GEICO, Progressive grew by more than $1 billion in auto premium. USAA, Auto-owners and AAA rounded out the top 5. Allstate was the biggest loser. They shed almost $1 billion in auto insurance sales. Nationwide and Farmers weren’t far behind (ahead?). State Farm and Hartford rounded out the bottom 5, each losing almost $400 million of auto insurance premium.

Does it Matter Who Won?

Yes, and no. Growing companies can invest in new systems and even more advertising. Shrinking ones must cut costs. They might lay off claims adjusters or close offices to reduce expenses.

The winners and losers in the NAIC report have one thing in common. They’re all large insurers that write business countrywide. But many Maine consumers prefer to insure with smaller, regional insurers. Companies like Concord Group, Hanover and MMG Insurance have big market shares in Maine. New England insurers like these offer local claims and underwriting. They sell through local agents who provide advice and advocacy to their clients. They fly beneath the NAIC’s national radar.


Related: GEICO vs. Agent or Broker – Insurance Buying Tips


When Too Much Growth is Bad

Growth is good. But if an insurer grows too fast, bad things can happen:

  • Bad Service – an insurance company adding lots of new customers usually hires lots of sales people. If they don’t increase their claims and service staff by the same percentage, customer service can deteriorate. That can mean slower claim settlements, longer telephone hold times and inexperienced agents to give you advice.
  • Rate Increases – There are 2 easy ways to sell more insurance in the short run: sell it cheaper than the next guy; or relax standards to let more business in. Then it catches up. Pretty soon, they realize they haven’t charged enough premium to pay claims and expenses. They have to increase everyone’s rates to pay claims.

Is the Best Insurance Company One You’ve Never Heard Of? 

In Maine, many dependable, financially sound insurance companies don’t advertise. They have competitive rates. Their premiums don’t rise and fall dramatically. They settle claims fast and fairly using local adjusters.

How do you find these insurance companies? Contact a local independent agent like Noyes Hall & Allen in South Portland. We offer a choice from several top insurers and help you find the best fit and value. Want to get insurance quotes yourself? Get up to 5 Maine auto insurance quotes in 10 minutes from our web site. If you live outside southern Maine, look in your area for an independent agent like us. We’re independent and committed to you.