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Queens Real Estate Market Update: SEP 2015
Oct 01, 2015 | 0 0 comments | 41 41 recommendations | email to a friend
Queens Real Estate Market Update  Existing home sales hit a high for the year in August, however, year-over-year sales were still down. Inventory remains tight on a county level as the increased de...
Restaurant Industry: Keep It Free from Union Organizing
Sep 30, 2015 | 0 0 comments | 42 42 recommendations | email to a friend
by Stephen D. Hans | Sep 30, 2015 | Employment Defense Attorney , NLRB Many people do not realize that 90 percent of the restaurants in the United States belong to independent operators or franchis...
NY Employment Defense Attorney defends Employers’ Rights
Sep 25, 2015 | 0 0 comments | 76 76 recommendations | email to a friend
by Stephen D. Hans | Sep 25, 2015 | Per Se is a popular, exclusive restaurant located at the Time Warner Center at Columbus Circle. Known for its Nova Scotia lobster, foie gras, caviar and truffles...
Forest Hills Coop takes over 2 years to Sell due to Complicated Development Issues
Sep 24, 2015 | 0 0 comments | 78 78 recommendations | email to a friend
We recently closed on a 1 BR Forest Hills Coop in Forest Hills Gardens. This particular unit was one of our very rare deals that took a considerably LONG time to sell. This one was due to specific ...
What You Need to Understand About Criminal Background Checks When Hiring Employees
Sep 15, 2015 | 0 0 comments | 144 144 recommendations | email to a friend
by Stephen D. Hans | Sep 15, 2015 | Employment Defense Attorney What You Need to Understand About Criminal Background Checks When Hiring Employees NYC  & Queens Employment Defense Attorney Recently...
A Heart Warming Home Sale in Rego Park, Queens...
Sep 09, 2015 | 0 0 comments | 182 182 recommendations | email to a friend
This week we closed on one of our single family home listings in Rego Park. This deal was one if those rare deals where everything went smoothly, and everyone was extremely happy! Our client was th...
New York Employment Discrimination Defense Attorney
Aug 27, 2015 | 0 0 comments | 257 257 recommendations | email to a friend
Author: Stephen D.Hans What Can Happen if You Ignore a Discrimination Claim? No one likes dealing with a dispute, and we often wish disputes would just go away. However, ignoring a discrimination c...
Queens Real Estate Market Update: AUG 2015
Aug 24, 2015 | 0 0 comments | 266 266 recommendations | email to a friend
Queens Real Estate Market Update: AUG 2015 The pace of home sales continued to slow in July according to the Long Island Board of Realtors. July marked the highest year over year decrease in home s...
Queens Home Team Announces Another 2BR/2BTH Coop in Forest Hills, NY For Sale!!!
Aug 22, 2015 | 0 0 comments | 275 275 recommendations | email to a friend
George & Abigail Herrera Introduce another 2 Bedroom, 2 Bath Coop for Sale in Forest Hill, NY!!! Privacy, great views, and convenience are featured in this lovely Forest Hills Coop for Sale. Offere...
You're being Taxed as a Two Family, but is your House a Legal 2 Family?
Aug 20, 2015 | 1 1 comments | 278 278 recommendations | email to a friend
Many times we meet with homeowners who claim their property is a two family home because they are being taxed as a two family, however, legal use is determined by the NYC Department of Buildings, n...

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State senator holds 6th annual job fair
by Jennifer Khedaroo
Oct 06, 2015 | 0 0 comments | 4 4 recommendations | email to a friend
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by Patrick Kearns
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Introduces reproduction awareness campaign in Queens
104th Precinct Police Blotter (9/14/2015-9/27/2105)
Sep 30, 2015 | 0 0 comments | 10 10 recommendations | email to a friend
Monday, Sept. 14 No Arrests Tuesday, Sept. 15 Nancy Madrid was arrested at 491 Grandview Avenue for criminal contempt by Detective Webb. Marcel Mihalache was arrested at 1819 Summerfield Avenue for...
$3.2 million to go towards immigrant arts organizations
by Holly Bieler
Oct 06, 2015 | 0 0 comments | 3 3 recommendations | email to a friend
Initiative receives more than double the funds from last year
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If you’re loyal to your insurance carrier it will cost you
by cjleclaire
 Palermo Tuohy Bruno
Aug 01, 2014 | 13515 views | 0 0 comments | 394 394 recommendations | email to a friend | print | permalink

Most successful businesses know how to treat their faithful customers.  A good restaurant owner will treat regulars with a complimentary drink or appetizer. Department stores send out coupons to returning customers. Supermarkets offer customer loyalty cards and often the more you spend, the more you are rewarded in savings. Even car dealers offer discounts to repeat buyers.

It stands to reason that insurance companies would offer some type of loyalty discounts to their customers as well. After all, many keep using the same company for their home and/or auto insurance for years and years. You would think these dutiful customers would be rewarded for their loyalty.

It just so happens that the opposite is true!

A few years ago, I was looking at my bills and noticed how expensive my insurance rates were.  I remembered that when I first purchased the policy from my carrier in 2003, my rates were very reasonable, and competitive for the time.  My rates had steadily increased after years of accident-free driving.  I always assumed that it was due to inflation and the increased operational costs of the insurance company being passed on to me.

Last year, I finally decided to shop around for a new insurance company.  I was amazed when a reputable company offered me a policy of equal coverage at a rate that was half of what I was paying with my old company – the one I had been loyal to for ten years. While I was thrilled to get such a great rate, I wanted to know why my prior company was charging me so much, why my rate was no longer competitive.  As I mentioned I am a safe driver, and never even so much as had a traffic ticket.  So I did a little research and was shocked at what I discovered.

It turns out most large insurance companies employ a tactic known as price optimization.  Insurance companies have learned through research that most consumers will accept a modest yearly price increase without balking.  This means that year after year, a carrier will raise the rates of its existing customers slightly for know other reason then that they can get away with it.

These modest increases can really add up over time.  If you’ve been using the same insurance carrier for several years, you may be paying substantially more for your insurance then a new client of that same company.

It’s unfortunate that in today’s busy world we always have to be shopping around for the best price on our insurance. With their commercials and slogans, insurance companies would have you believe that they’ve got your back, but when it comes to money, they’re apparently out there trying to figure out how to get more of yours.

Most of us are already aware of credit card companies and banks adding unnecessary fees.  Now we can add insurance companies to the list of disreputable corporations.

The moral of the story is that you should never get complacent with your insurance carrier.  If you do, it will cost you.  The good news is that there is a whole market out there and lots of competition between insurance carriers for your business.  Price shopping insurance rates will most often save you money.

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