January 13th, 2011 2:05 PM by Eric Fang
About 10 years ago, I attended a class by Stephen Covey:7 Habits of Highly Effective People. I still remember the Habit 7 is: Sharpen The Saw.
For me, even though I am a mortgage broker, I think my otherknowledge and skills helped me build a rapport relationshipwith my clients. I answered questions about how to applya green card for the parents(pretty easy now), how to managethe rental property and how to find the good tenants, etc.And I helped my clients to decide insurance, living trustas well.
And recently, I have some clients asked me about howto get a well-covered insurance policy, how to protectthe assets, etc.
The good news is that I am learning everyday. And I willfinish the training in property & casualty insurance Feb.
Today, I can share with you some basics about the Auto Insurance.
Basically the Auto policy covers the following(common ones):1)Bodify Injury2)Property Damage3)Uninsured/UnderInsured4)Medical Payment5)Comprehensive6)Collision.
The first three are the most important ones on the policy.3)covers the insured if the other person hit you who isnot insured or underinsured. There are still 30% of peoplein California underinsurance or not insured.
4)Covers you and anyone in your car when at an accident.
5) & 6) covers your car, while 6) covers the accident, 5)covers anything other than accident.
The most important thing is that we can twist the numbersso that we can have better coverage with the same or lower premium.
I will share with you how to in the later blogs.