Personal Insurance

April 1, 2021
storm damage

What to Do When You Suspect Storm Damage

What a crazy couple of months we have had! From 10 inches of snow in a few hours, to 70-degree days to a huge hailstorm all within a few weeks. Indiana weather has never been predictable, but 2021 has been especially unreliable. With two incidents that could have created significant storm damage to your home, we thought it would be helpful to share some advice from a home improvement expert, Rob Yeary of Universal Roofing. “You never know when A […]
January 18, 2021
Home_and_Auto_Insurance

Higher Deductibles on Your Home and Auto Insurance Can Help You Save

It’s an unfortunate fact that as Americans we are getting used to managing higher deductibles on our health care. While these large limits help keep premiums down, they also require some financial planning to help ensure you can pay for your yearly medical needs. Home and auto insurance is a bit different in that claims are not as prevalent – we have insurance in case of an unexpected issue, not as a form of maintenance. Increasing the deductible on these […]
July 24, 2020
insurance costs

Young or Wizened: Different Stages of Life Mean Different Insurance Costs

While as a society we celebrate the energy of our youth and the wisdom of our seniors, the insurance world takes a different approach. Underwriters deem these age groups to be high risk, which translates to higher insurance costs. And, if someone in those age brackets has an accident, they are more likely to be dropped or have their premiums skyrocket.   We had a situation come up recently that exemplifies this problem. Our client is an 80-yr old widow […]
June 17, 2020
independent insurance broker

Storm Damage? We Hope You Work With An Independent Insurance Broker!

Early summer begins severe storm season here in Central Indiana as we were reminded recently. Some foul weather arrived during the mid-point of the COVID stay-at-home order and caused damage to many homes. The Wharton & Power Insurance Team has been handling clients’ claims but we have also been contacted by people who are unfortunately now figuring out that their insurance-in-a-box policies are not serving them well. We see two starting points for insurance claims: either a homeowner notices that […]
April 29, 2020
umbrella Insurance

Umbrella Insurance: Protection When Accidents Happen

Perhaps the best way to underline the importance of umbrella insurance in protecting your assets is by sharing an example: “Over 15 years ago, my daughter was in middle school and my wife volunteered there. The school was just few miles away off a two-lane road. One rainy day my wife was driving to the school and came across deep water in the road. She had to make a left turn across the puddle, and while navigating the hazard she […]
March 26, 2020
auto insurance

Expecting New Driver? Review Your Auto Insurance Before They Start

Getting a driver’s license is a rite-of-passage for both your teen and you. After all the potentially harrowing lessons and practicing, the day arrives that your baby is now out on the road by his/herself. While this time can be exciting, it can also be expensive, especially if you haven’t done any research on the implications of having a new driver – or a new car – on your auto insurance costs. At Wharton & Power Insurance, we feel it […]
February 28, 2020
personal insurance

Downsizing? Don’t Forget About Changing Your Insurance Coverage Too

Each cycle of life brings its own considerations when it comes to protecting your assets. If you are considering downsizing, you will want to talk to your insurance broker about what that change will mean to your insurance coverage. Whether you are buying a smaller home or renting, or selling valuables or gifting them to family, this new phase also brings new situations to consider. Renting vs Buying a Smaller Home If you are like our typical clients, you are […]
December 4, 2019
personal insurance

Personal Insurance Coverage: Why Boutique is Better

You have probably experienced this phenomenon – the small start-up that once provided you with personalized products and services has grown to the point where you don’t hear from them anymore. Or, your point of contact changes every time you reach out. The fact is, many organizations are in business to get as big as they can. While growth is a good thing, doing it at the expense of your current customers is not. Wharton & Power Insurance started as […]
October 23, 2019
home/auto insurance

Coverage in a Box: Not All Home/Auto Insurance is The Same

If you watch TV, listen to the radio or peruse print media, you will see many ads for home/auto insurance. These “insurance-in-a-box” company scare tactics or quick savings messages fail to let you in on a big secret: when you insure your home, autos, watercraft, jewelry, etc. with them, you are getting the coverage THEY offer – that’s it. No room for customization that will provide the most appropriate protection for YOU. At Wharton Power Insurance, our clientele requires more […]
September 4, 2019
personal lines insurance

Don’t Wait Until Its Too Late to Discover That Your Jewelry is Underinsured

You are at a time in your life where your family has amassed or inherited a valuable collection of jewelry. However, that special wedding set you bought and insured 20 years ago for $5K is now probably worth $40K. If you lose a piece, the insured value may not even make a dent in replacing it. If it’s been a while since you had your jewelry appraised and reinsured, now is the time. And, Wharton & Power Insurance can help. […]
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