The last eight years has brought some of the craziest weather conditions insurance agent Nick Klein can recall. In this episode of 𝙔𝙤𝙪𝙧 𝙈𝙤𝙣𝙚𝙮 𝙈𝙤𝙢𝙚𝙣𝙩𝙪𝙢, CERTIFIED FINANCIAL PLANNER™ Professional Tom Kennedy chats with Nick about changes we can expect in the insurance industry. Together, they examine deductibles, shopping rates, umbrella policies, life insurance, increasing health insurance costs, and whether you should expect your insurance premiums to increase.
Guest Bio: Nick Klein
Nick Klein is co-owner and Vice President of HI Agency located in North Texas. He has been in the industry since 2005 and has been named a top insurance agent by both D Magazine and Texas Monthly in their annual lists for the last six years. Nick and his team help clients in 12 states with a variety of their insurance needs including property, casualty, auto, life, and health. He holds a Bachelor of Business Administration from Howard Payne University and spends his free time involved in his daughter’s activities, and with his church and local community.
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Property and Casualty Insurance
6:02 How industry has changed
7:32 Changes in deductibles, insurance premiums, and what’s covered
11:05 Should you be shopping rates?
14:04 Consider changes and work from home
15:25 How do they determine which carriers to work with?
17:55 Reviewing coverage and getting quotes
19:58 Umbrella policies
Life and Health Insurance
23:03 Who should have it and how much
26:43 App can help you determine how much life insurance you need
27:23 Health insurance costs
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