Tag Archives | alarm system

Mind the Gap: What’s Gap Insurance?

A car bought from a dealership always loses value immediately after purchase.

Have you bought a new car recently? Do you know someone who has? If so, were you offered gap insurance?

Most people haven’t even heard of this type of insurance, but it can be particularly valuable. Ever heard the joke about how you can hear the price of your new car drop as you leave the dealership’s forecourt? Well, it’s sad but true. When you buy a new car, the car loan is based on the dealership price, while the insurance is based on the value of the car’s actual worth.

So what does this mean in practical terms? Why is gap insurance so important? Here’s an example: say Janet purchases a car from the dealership for $30,000, and she borrows this amount from the bank. The following month, Janet gets in an accident, and the car is reduced to scrap metal—no point in fixing it. The insurance appraisal values the car at $27,000, and although the car was totaled, Janet still owes the bank $30,000, whether she can use the car or not. What happens to the $3,000 difference between the bank loan cost and the appraisal value? Since Janet purchase gap insurance, the remaining $3,000 is paid for by that policy. Continue Reading →

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8 Ways to Reduce Your Car Insurance Premiums

Don’t drive one of these if you want to lower your car insurance premiums.

Although BMR Insurance can get you great prices on your car insurance, we’re always looking at ways to save our customers even more money.

Have you checked your car insurance lately? We’re all looking for ways to economize, and this may be one of those places you didn’t think of looking. With our tips below, you might be able to save some money on your policy quickly and easily.

1. Request a higher deductible: Are you a safe driver? Rarely drive on the freeway? Think about raising your deductible—the amount of money you have to pay before your insurance policy kicks in to cover the cost of damages. By boosting your deductible, you can actually lower the cost of your collision and comprehensive coverage. Call us and we’ll walk you through it.
Reduce coverage you don’t need: Are you driving an older car? Saving for a new one? Think about changing your insurance that reflects the value of your car. In some states, like California, you’re required to have insurance so you can’t cancel it, but you can amend a policy to the worth of your car. Check out the market rate of your car on the Kelley Blue Book site or Edmunds.com. Continue Reading →

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Prevent Car Break-Ins: 7 Great Tips

Don’t let this happen to you! Be smart.

Not worried about your car getting broken in to? Think that because you have an alarm, the items in your car are safe? That’s not necessarily true. Each year, over $1.25 BILLION in personal items and accessories are stolen from vehicles in almost 2 million thefts. And that only covers the actual break-ins–experts estimate that for every theft, there are several break-ins and break-in attempts.

But, if you keep some self-awareness and try these common-sense tips from BMR Insurance, you’ll have less chance of being part of that statistic.

1. Lock your doors: Yeah, no kidding, you say. But law enforcement agencies report that up to one quarter of vehicle thefts are from unlocked cars–don’t think that just popping in to the store for a pack of gum or snack isn’t enough time for a theft to happen. That gives those just hanging around for an easy target their perfect opportunity…so lock up! Continue Reading →

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More Tips to Protect Your Home From Break-Ins

We had a great response from last week’s blog with a burglar’s-eye view of your home. We thought we’d add a few more this week to round it out, especially since it’s a popular time of year for vacations!

Pay heed–these tips are simple, but easy to forget. Even though we’re in the insurance business, we’d really rather you never have to use it…

Here’s EIGHT more things a burglar won’t tell you:

1. Sometimes, I carry a clipboard. Sometimes, I dress like a gardener and carry a rake. But I always do my best to never, ever look like a crook.

2. The two things I hate most: loud dogs and nosy neighbors. Continue Reading →

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Special Report: Inside Tips From a Burglar

Take note of these tips and be aware; it may prevent your home from getting broken into.

At BMR Insurance Agency, we try to provide information that’s informative and relevant for you and your family. When we read the following information, we knew that our customers and blog readers needed to see it immediately. Please read it carefully, as these are actual THINGS YOUR BURGLAR WON’T TELL YOU, compiled from real-life, convicted criminals! Read on:

1. Of course I look familiar. I was just here last week cleaning your carpets, painting your shutters or delivering your new refrigerator.

2. Hey, thanks for letting me use the bathroom when I was working in your yard last week. While I was in there, I unlatched the back window to make my return a little easier.
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