The bill, authored by Rep. John Nygren (R-Marinette) and Sen. Frank Lasee (R-De Pere), will help restore fairness in Wisconsin’s auto insurance market and could reduce recent auto insurance cost increases imposed on your customers.
LRB-0524/2 – known as the Consumer Choice in Auto Insurance Act – will make the following changes to current state law:
Prohibits stacking of insurance coverages.
Changes the definition of underinsured motor vehicle to compare the at-fault driver’s liability limit with the insured’s underinsured (UIM) limit to determine if the at-fault driver is underinsured.
Establishes Bodily Injury limits at $25,000/$50,000/$10,000
Establishes Uninsured Motorist (UM) limits at 25/50
Establishes Underinsured Motorist (UIM) limits at 50/100
Restores medical payments coverage limits to $1,000
Repeals the automatic indexing of limits to inflation every 5 years.
Clarifies that the requirement of UM/UIM offer does not apply to umbrella/excess policies.
Restores the reducing clause
Watch this site for updates to this important new legislation,
Ron Binning
ron@binningdickens.com
Thursday, January 13, 2011
Thursday, January 6, 2011
Credit Score and your Auto Insurance
How can I improve my Credit Score and get lower auto insurance premiums:
Get copies of your credit report and make sure they are free of inaccuracies.
Avoid the types of credit that can ding your insurance score, such as department store credit cards, credit accounts at a local tire dealer, auto parts store, or service station, as well as retailer credit cards issued by finance companies, not banks.
Use oil company credit cards and national bank credit cards (like those from Visa, MasterCard, American Express, and Discover), which are preferred by insurers.
Talk to your insurer about your score, using the information to build a case if you wish to complain about incorrect scoring.
Avoid running up sizable credit card balances, which could be reported as high relative to your overall credit limit, by paying balances in full every month or even sending smaller credit card payments weekly.
Try not to apply for new credit too often, since scoring systems look down on excessive new credit and credit inquiries.
Pay your bills on time, perhaps using automatic bill pay from your checking account to avoid late payments or having the check get lost in the mail.
Request exceptions for circumstances beyond your control that could have hurt your credit report, such as divorce, job, loss, medical problems, or Hurricanes Katrina or Rita.
Give us a call for your FREE Auto Insurance QUOTE today.
Ron Binning ron@binningdickens.com
Get copies of your credit report and make sure they are free of inaccuracies.
Avoid the types of credit that can ding your insurance score, such as department store credit cards, credit accounts at a local tire dealer, auto parts store, or service station, as well as retailer credit cards issued by finance companies, not banks.
Use oil company credit cards and national bank credit cards (like those from Visa, MasterCard, American Express, and Discover), which are preferred by insurers.
Talk to your insurer about your score, using the information to build a case if you wish to complain about incorrect scoring.
Avoid running up sizable credit card balances, which could be reported as high relative to your overall credit limit, by paying balances in full every month or even sending smaller credit card payments weekly.
Try not to apply for new credit too often, since scoring systems look down on excessive new credit and credit inquiries.
Pay your bills on time, perhaps using automatic bill pay from your checking account to avoid late payments or having the check get lost in the mail.
Request exceptions for circumstances beyond your control that could have hurt your credit report, such as divorce, job, loss, medical problems, or Hurricanes Katrina or Rita.
Give us a call for your FREE Auto Insurance QUOTE today.
Ron Binning ron@binningdickens.com
Tuesday, November 16, 2010
Life Insurance and Smoking
I am often asked: "How much does smoking affect my Life Insurance premium?
If you smoke, you will pay at least 50% more for both Life and Health Insurance. It has been proven smoking creates long term problems for your health. Learn more about the affects of smoking at the following site: http://www.cdc.gov/tobacco/index.htm
Ron Binning
ron@binningdickens.com
www.binningdickens.com
If you smoke, you will pay at least 50% more for both Life and Health Insurance. It has been proven smoking creates long term problems for your health. Learn more about the affects of smoking at the following site: http://www.cdc.gov/tobacco/index.htm
Ron Binning
ron@binningdickens.com
www.binningdickens.com
Friday, October 15, 2010
Deer Claim Accidents
Wisconsin is full of White Tail Deer and with November fast approaching, we will see more and more of them on our roadways. BEING SAFE IS A LOT EASIER IF WE PLAN.
Deer have a pattern of behavior so if you see deer on the route you travel, you will see them again. Here are some ways you can protect yourself from a vehicle/deer accident:
1. High risk periods are from sunset to midnight and around dusk. Slow down at these times.
2. Use HIGH BEEM lights whenever possible. Watch for the reflection of their eyes and silhouettes. When spotting them, brake firmly BUT STAY IN YOUR LANE.
3. Deer are unpredictable. Sometimes they stop for the bright lights, sometimes they run. Brake, check the rearview mirror and if necessary and safe, stop if you have to. Blow horn.
4. If you see one deer, almost certainly there will be more. Proceed slowly.
Remember to be safe and alert whenever you get behind the wheel. No cell phones and no texting and be on the alert for the White Tail Deer.
Ron Binning
Binning & Dickens Insurance
Whitewater WI 53190
Deer have a pattern of behavior so if you see deer on the route you travel, you will see them again. Here are some ways you can protect yourself from a vehicle/deer accident:
1. High risk periods are from sunset to midnight and around dusk. Slow down at these times.
2. Use HIGH BEEM lights whenever possible. Watch for the reflection of their eyes and silhouettes. When spotting them, brake firmly BUT STAY IN YOUR LANE.
3. Deer are unpredictable. Sometimes they stop for the bright lights, sometimes they run. Brake, check the rearview mirror and if necessary and safe, stop if you have to. Blow horn.
4. If you see one deer, almost certainly there will be more. Proceed slowly.
Remember to be safe and alert whenever you get behind the wheel. No cell phones and no texting and be on the alert for the White Tail Deer.
Ron Binning
Binning & Dickens Insurance
Whitewater WI 53190
Saturday, September 18, 2010
Winterizing your Car - We do live in Wisconsin
http://auto.howstuffworks.com/car-driving-safety/accidents-hazardous-conditions/car-winterizing-tips1.htm
This is a great site providing 10 tips on what you should do to winterize your car. October is almost here and that means December, January, & February are not far behind. It is always better to get ready for winter than it is to be "stuck" in winter.
Ron Binning
Binning & Dickens Insurance
ron@binningdickens.com
This is a great site providing 10 tips on what you should do to winterize your car. October is almost here and that means December, January, & February are not far behind. It is always better to get ready for winter than it is to be "stuck" in winter.
Ron Binning
Binning & Dickens Insurance
ron@binningdickens.com
Saturday, August 7, 2010
Wisconsin Auto Insurance Law
As most of you know, Wisconsin's new Auto Insurance State law went into effect June 1, 2010. The state law increased minimum Bodily Injury limits to $50,000 per person/$100,000 per accident. Property Damage was increased to $15,000, Medical Payments increased to $10,000, Uninsured Motorist was increased to $100,000 per person/$300,000 per accident, and Underinsured Motorist was increased to $100,000 per person/$300,000 per accident.
EVERYONE now must carry auto insurance and EVERYONE must now carry proof they have auto insurance. If you are a client of ours and you do not have a copy of your insurance in your car, call us at 262-473-3930 and we can mail, email, or FAX the proper documents to you.
Ron Binning
Binning & Dickens Insurance
www.binningdickens.com
EVERYONE now must carry auto insurance and EVERYONE must now carry proof they have auto insurance. If you are a client of ours and you do not have a copy of your insurance in your car, call us at 262-473-3930 and we can mail, email, or FAX the proper documents to you.
Ron Binning
Binning & Dickens Insurance
www.binningdickens.com
Thursday, July 1, 2010
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