The garage insurance form is a specialty form used only for the automotive industry, specifically motor vehicle repair and motor vehicle sales. Because of this, many insurance agents don’t fully understand this policy form. And if the insurance agents are often confused, you can imagine what the business owners in the motor vehicle industry might feel. Here’s a short explanation to help you understand this policy a little bit better.
Garage liability insurance is the term used to describe liability insurance protection for both repair shop owners and new and used car dealers. This is the part of the policy that essentially protects the business from liability claims for bodily injury or property damage as a result of an at fault accident in a vehicle covered by the policy. Which vehicles are covered by this garage liability section is determined by the symbol code showing on the policy itself. For a complete list of possible symbol codes, please read my previous article about garage insurance symbols by clicking here.
Garage Keepers insurance is also part of the garage policy. However, this coverage is not for liability insurance and this coverage would not be appropriate for a car dealer unless the dealer is also repairing vehicles that are not owned by the dealership. That is because garage keepers is designed to protect against physical damage losses to vehicles that are in the care, custody or control of the repair shop. So, for example, if you are repairing a customer’s vehicle and you test drive that vehicle, you have an exposure for garage keepers collision insurance while you are out on the road with that vehicle. Likewise, if your clients leave their vehicles with your overnight, you have an exposure for fire, theft or even windstorm or hail damage to these vehicles. You would need garage keepers comprehensive coverage to protect against these types of losses.
The garage insurance policy is an unusual form and if you are in the business of buying, selling or repairing motor vehicles, you are best served purchasing your garage insurance policy through an agent who specializes in this type of policy form. At Clinard Insurance Group in Winston Salem, NC, we specialize in helping used car dealers and automotive repair and body shops all over North Carolina, South Carolina, Georgia, Tennessee and Virginia. If we can help you with a second opinion on your garage insurance needs, please feel free to call us, toll free, at 877-687-7557 or visit us on the web at http://www.clinardinsurance.com.
The source information for this article was pulled from information at http://www.insuranceanswerguy.com.
Thursday, May 28, 2009
Monday, May 25, 2009
Contractors: Your General Liability Policy Might Be A Source of Funds For You
Recently, times have been hard for many different types of building contractors. With jobs more scarce, many have had to lay off workers or they simply haven’t been able to keep people on full time. At Clinard Insurance Group, in Winston Salem, NC, we have seen our contractor clients’ payrolls shrink dramatically and while that indicates hard times, it also presents an opportunity for these businesses. If you are a contractor in the building industry with shrinking payrolls, then your general liability and workers compensation insurance policies could now be a source of ready cash for you.
To understand just how this works, remember that both the North Carolina general liability policy and the NC workers compensation policy are rated based on payroll. What this means is that the building contractor estimates his payroll for the coming policy year at the beginning of the policy term. Many of these estimates are based on the actual amounts of payroll found on the previous year’s audit. With that in mind, many construction contractors are carrying payroll levels on their policy many times greater than the actual payrolls they are running in this down cycle of our economy.
If you are a business owner in this situation, you can wait until the final audit of this policy term and receive your refund then. The problem with this approach is that you will have to wait for the policy term to end, and then you will have to wait several more months for the final audit to be completed. In addition, you might have to continue to make monthly or quarterly payments on your policies that are overcharging you now because your payrolls are overstated.
But there is a better way. Take a look at your general liability policy and your workers compensation policy and look up the payrolls that you are being charged for on each policy. Now estimate what your total payroll will be for the full policy term. You can request that the insurance company reduce your payrolls on your policy to this new level and that will generate an instant refund check to you, or it will reduce the amounts of your remaining installments. Voila, instant cash flow.
One word of warning here. Be sure that you leave enough payroll on your policy so that you don’t generate an additional premium due after the final audit. Doing that can put a huge crimp on your cash flow as I explained in an earlier blog. I call that problem “the audit trap” and you can read that entire blog by clicking here.
At Clinard Insurance Group in Winston Salem, NC, we specialize in helping all types of North Carolina based building contractors from Graders to Painters and everyone in between with their general liability and workers compensation insurance needs. If you would like help with your construction related insurance policies, please call us, toll free at 877-687-7557 or visit our contractors helper site at http://www.thecontractorshelper.com.
The source material for this article was pulled from http://www.insuranceanswerguy.com
To understand just how this works, remember that both the North Carolina general liability policy and the NC workers compensation policy are rated based on payroll. What this means is that the building contractor estimates his payroll for the coming policy year at the beginning of the policy term. Many of these estimates are based on the actual amounts of payroll found on the previous year’s audit. With that in mind, many construction contractors are carrying payroll levels on their policy many times greater than the actual payrolls they are running in this down cycle of our economy.
If you are a business owner in this situation, you can wait until the final audit of this policy term and receive your refund then. The problem with this approach is that you will have to wait for the policy term to end, and then you will have to wait several more months for the final audit to be completed. In addition, you might have to continue to make monthly or quarterly payments on your policies that are overcharging you now because your payrolls are overstated.
But there is a better way. Take a look at your general liability policy and your workers compensation policy and look up the payrolls that you are being charged for on each policy. Now estimate what your total payroll will be for the full policy term. You can request that the insurance company reduce your payrolls on your policy to this new level and that will generate an instant refund check to you, or it will reduce the amounts of your remaining installments. Voila, instant cash flow.
One word of warning here. Be sure that you leave enough payroll on your policy so that you don’t generate an additional premium due after the final audit. Doing that can put a huge crimp on your cash flow as I explained in an earlier blog. I call that problem “the audit trap” and you can read that entire blog by clicking here.
At Clinard Insurance Group in Winston Salem, NC, we specialize in helping all types of North Carolina based building contractors from Graders to Painters and everyone in between with their general liability and workers compensation insurance needs. If you would like help with your construction related insurance policies, please call us, toll free at 877-687-7557 or visit our contractors helper site at http://www.thecontractorshelper.com.
The source material for this article was pulled from http://www.insuranceanswerguy.com
Friday, May 22, 2009
Homeowners – Before That Contractor Starts Work, Get The Insurance Certificate
At Clinard Insurance Group in Winston Salem, NC, we make it a top priority to help our friends and clients with information that helps them protect their assets. One mistake many homeowners make is to let a contractor begin work at their home without first checking to be sure that this contractor has the right insurance protection for his or her business. There is a quick and easy way to do this and this practice is standard in most business to business (B2B) type transactions.
Before you let that plumber or landscaper or any type of repair worker begin a job at your home, you should first determine that they have insurance protection so that if someone is injured, or your property is damaged, you don’t have to file anything under your homeowners insurance policy. Simply ask them to have a certificate of insurance sent to you. This is a simple task, all the contractor will have to do is ask his insurance agent to email, fax or mail you a copy of this certificate.
Once you receive the certificate of insurance, what then? Well, there are a couple of things you want to look at closely. First of all, make sure that your name and address is .listed in the certificate holder section. And make sure that the certificate came from the contractor’s insurance agent and not from the contractor himself. This will increase the odds for you that the certificate is genuine and that the listed insurance coverage is actually in force. Believe it or not, there is an active market selling fake insurance certificates, I have even seen them for sale on ebay.
These certificates break down the insurance protection by policy type, so there will be a section for General Liability Insurance, Workers Compensation Insurance, Business Auto Insurance and Umbrella Insurance. Next you want to check and be sure that there is a policy number showing in the General Liability Insurance Section and in the section for Workers Compensation Insurance. These are the policy types that will be most important to homeowners..
Once you have verified that your contractor has these two types of policies in place, take a quick look at the limits of coverage. A North Carolina workers compensation policy will pay claims based on the statutory regulations so you won’t really need to worry about the limits there. But in the general liability insurance section, you want to be sure that the amount of coverage showing is high enough to satisfy you. Think about the worst case scenario of damage that this contractor could do to you, your family or your property and make sure there is enough of a limit there to pay for that loss.
Many homeowners just hire contractors to work in their home without giving insurance any thought at all. But some contractors cut corners and may not have enough insurance or any insurance at all. If they cause you a large loss to your health or your property, you may find yourself with no recourse. At Clinard Insurance Group in Winston Salem, NC, we want all of our homeowner clients to be safe from an un-insured contractor. If you have a certificate of insurance and are not sure how to read it, please contact us by calling, toll free 877-687-7557 or visit us on the web at http://www.clinardinsurance.com/ and we will help you understand exactly what the certificate your contractor gave you covers.
The source information for this article was pulled from http://www.insuranceanswerguy.com/.
Before you let that plumber or landscaper or any type of repair worker begin a job at your home, you should first determine that they have insurance protection so that if someone is injured, or your property is damaged, you don’t have to file anything under your homeowners insurance policy. Simply ask them to have a certificate of insurance sent to you. This is a simple task, all the contractor will have to do is ask his insurance agent to email, fax or mail you a copy of this certificate.
Once you receive the certificate of insurance, what then? Well, there are a couple of things you want to look at closely. First of all, make sure that your name and address is .listed in the certificate holder section. And make sure that the certificate came from the contractor’s insurance agent and not from the contractor himself. This will increase the odds for you that the certificate is genuine and that the listed insurance coverage is actually in force. Believe it or not, there is an active market selling fake insurance certificates, I have even seen them for sale on ebay.
These certificates break down the insurance protection by policy type, so there will be a section for General Liability Insurance, Workers Compensation Insurance, Business Auto Insurance and Umbrella Insurance. Next you want to check and be sure that there is a policy number showing in the General Liability Insurance Section and in the section for Workers Compensation Insurance. These are the policy types that will be most important to homeowners..
Once you have verified that your contractor has these two types of policies in place, take a quick look at the limits of coverage. A North Carolina workers compensation policy will pay claims based on the statutory regulations so you won’t really need to worry about the limits there. But in the general liability insurance section, you want to be sure that the amount of coverage showing is high enough to satisfy you. Think about the worst case scenario of damage that this contractor could do to you, your family or your property and make sure there is enough of a limit there to pay for that loss.
Many homeowners just hire contractors to work in their home without giving insurance any thought at all. But some contractors cut corners and may not have enough insurance or any insurance at all. If they cause you a large loss to your health or your property, you may find yourself with no recourse. At Clinard Insurance Group in Winston Salem, NC, we want all of our homeowner clients to be safe from an un-insured contractor. If you have a certificate of insurance and are not sure how to read it, please contact us by calling, toll free 877-687-7557 or visit us on the web at http://www.clinardinsurance.com/ and we will help you understand exactly what the certificate your contractor gave you covers.
The source information for this article was pulled from http://www.insuranceanswerguy.com/.
Thursday, May 21, 2009
Contractors – Don’t Forget Those General Liability Insurance Certificates
I work with contractors every day, helping them with their general liability and workers compensation insurance policies and I am struck by how many of them have heard of insurance certificates but how few really understand why they need them. If you have anyone working on your job site without first having given you a certificate of insurance, you are probably increasing both your insurance costs and your liability exposure. Here is a quick guide on what you need and why you need it when it comes to certificates of insurance.
As you probably know, your general liability and workers compensation policies are both rated based on the payroll your contracting business generates each year. And if you don’t know it already, you will soon: That payroll is audited each year and your insurance policy premium is adjusted to reflect the actual payroll you incurred that year. So, the last thing you want to do is have that payroll number inflated by a subcontractor that you hired to help you out with a job that was a little bit outside of your specialty.
Let’s take an example. Let’s say you are a carpenter. You are hired to handle a kitchen remodeling job for one of your clients. In the process there is some minor plumbing work to be done and to help out your client, you find the plumber and just sub the work to him and you bill your client for his services. That’s all good business but you must remember to get that certificate of insurance from you plumber before he sets foot on your job site. Why? Two reasons really.
First of all, that certificate of insurance will tell your insurance company that your subcontractor (in this case the plumber) did have insurance so the cost of the plumbing work won’t be added to your total payroll at audit time. This will save you a lot of money in insurance premiums.
Secondly, you can take a moment to make sure that this plumber has the correct coverages with high enough limits to protect you. Look at the certificate carefully and make sure that your subcontractors are carrying limits at least as high as yours. Next, make sure that the certificate is showing both workers compensation and general liability insurance coverage. If not, you will be on the hook for the premiums for the missing insurance policies for your sub contractor. Last of all, take a moment to make sure that there are no exclusions or policy coverage limitations spelled out in the certificate. If your subcontractor has an excluded coverage and your policy covers it, you might find yourself on the hook for extra premium at audit time.
Many contractors remember to ask for certificates from the other contractors working on their job site. But a large number don’t take the time to read the certificate and check to make sure that it meets all the criteria they need to protect themselves from an extra premium at audit or a large loss charged to their own policy. If you are a small contractor and would like help understanding your insurance certificate or your insurance coverage, be sure that you are dealing with an agent who specializes in contractors liability and workers compensation insurance policies. At Clinard Insurance Group in Winston Salem, NC, we insure many, many artisan contractors all of North Carolina and we can help you understand how to set up your policy correctly and keep your insurance audit premium surprises to a minimum. Feel free to call us for help, toll free at 877-687-7557 or visit us on the web at http://www.clinardinsurance.com/.
The source material for this article was pulled from http://www.insuranceanswerguy.com/.
As you probably know, your general liability and workers compensation policies are both rated based on the payroll your contracting business generates each year. And if you don’t know it already, you will soon: That payroll is audited each year and your insurance policy premium is adjusted to reflect the actual payroll you incurred that year. So, the last thing you want to do is have that payroll number inflated by a subcontractor that you hired to help you out with a job that was a little bit outside of your specialty.
Let’s take an example. Let’s say you are a carpenter. You are hired to handle a kitchen remodeling job for one of your clients. In the process there is some minor plumbing work to be done and to help out your client, you find the plumber and just sub the work to him and you bill your client for his services. That’s all good business but you must remember to get that certificate of insurance from you plumber before he sets foot on your job site. Why? Two reasons really.
First of all, that certificate of insurance will tell your insurance company that your subcontractor (in this case the plumber) did have insurance so the cost of the plumbing work won’t be added to your total payroll at audit time. This will save you a lot of money in insurance premiums.
Secondly, you can take a moment to make sure that this plumber has the correct coverages with high enough limits to protect you. Look at the certificate carefully and make sure that your subcontractors are carrying limits at least as high as yours. Next, make sure that the certificate is showing both workers compensation and general liability insurance coverage. If not, you will be on the hook for the premiums for the missing insurance policies for your sub contractor. Last of all, take a moment to make sure that there are no exclusions or policy coverage limitations spelled out in the certificate. If your subcontractor has an excluded coverage and your policy covers it, you might find yourself on the hook for extra premium at audit time.
Many contractors remember to ask for certificates from the other contractors working on their job site. But a large number don’t take the time to read the certificate and check to make sure that it meets all the criteria they need to protect themselves from an extra premium at audit or a large loss charged to their own policy. If you are a small contractor and would like help understanding your insurance certificate or your insurance coverage, be sure that you are dealing with an agent who specializes in contractors liability and workers compensation insurance policies. At Clinard Insurance Group in Winston Salem, NC, we insure many, many artisan contractors all of North Carolina and we can help you understand how to set up your policy correctly and keep your insurance audit premium surprises to a minimum. Feel free to call us for help, toll free at 877-687-7557 or visit us on the web at http://www.clinardinsurance.com/.
The source material for this article was pulled from http://www.insuranceanswerguy.com/.
Wednesday, May 20, 2009
You Just Erased Your Memory Card – Relax, All Is Not Lost
Uh Oh, I just accidentally erased my photos on my memory card. I had this experience recently and I want you to know that you can probably still recover your photos. In my case my wife and I had driven over to my daughter’s friend’s house where 7 teenage couples were gathered in full evening dress for their prom. An entire row of parents stood in front of the kids for 15 minutes cameras clicking and flashes going off. If you have had teenagers you probably know the ritual. So wiping out these photos is pretty bad. You’re not going to get those teenage boys to dress up in suits and stand in front of the camera again for you. But if you know what to do and in the right order, you can usually recover your lost photos.
A week or so later my came to me distraught that she had accidentally erased all the photos on her camera memory card, including these precious prom photos. I searched the internet and found to my surprise that these photos were not lost forever.
To understand why you just need to understand how the memory space on these cards works. Generally, when you delete a photo or file from a memory card, the space is made available for another photo or file to be stored there. But, until you take more photos to cover over this space, you can still recover those deleted files and photos. To do so, you will need to purchase a software program on the internet and download it to your computer. There are many services out there and below I have listed some web sites that I found that sell these programs. The one I used was Card Recovery which is the first on this list but you may find one that does the job better and is cheaper. In our case we saved the prom photos and since that time my daughter has made the same mistake with her camera memory card and she was astonished that Dad could miraculously save the day for her. It’s good to be the hero every now and again, especially with teenagers.
Here are a few sites that can help you recover erased files from a memory disk.
www.CardRecovery.com
www.pctools.com
http://www.powerdatarecovery.com
At Clinard insurance we love to help make our client heroes and this is why we offer this type of information. You can find our full lifestyle tips and tricks blog online at http://www.clinardinsurance.com/lifestyle/tabid/32965/default.aspx . If you would like any help at all with your insurance policies, please call us toll free at 877-687-7557 or visit us on the web at http://www.ClinardInsurance.com. We can give you expert help with your home insurance, your auto insurance, your life insurance or even you business insurance coverage. Whether you are a small contractor or a used car dealer or a auto repair shop owner or vitually any other business, you can find the help you need at Clinard Insurance Group in Winston Salem, North Carolina.
The source information for this article was pulled from the Clinard Insurance Group tips and tricks blog.
A week or so later my came to me distraught that she had accidentally erased all the photos on her camera memory card, including these precious prom photos. I searched the internet and found to my surprise that these photos were not lost forever.
To understand why you just need to understand how the memory space on these cards works. Generally, when you delete a photo or file from a memory card, the space is made available for another photo or file to be stored there. But, until you take more photos to cover over this space, you can still recover those deleted files and photos. To do so, you will need to purchase a software program on the internet and download it to your computer. There are many services out there and below I have listed some web sites that I found that sell these programs. The one I used was Card Recovery which is the first on this list but you may find one that does the job better and is cheaper. In our case we saved the prom photos and since that time my daughter has made the same mistake with her camera memory card and she was astonished that Dad could miraculously save the day for her. It’s good to be the hero every now and again, especially with teenagers.
Here are a few sites that can help you recover erased files from a memory disk.
www.CardRecovery.com
www.pctools.com
http://www.powerdatarecovery.com
At Clinard insurance we love to help make our client heroes and this is why we offer this type of information. You can find our full lifestyle tips and tricks blog online at http://www.clinardinsurance.com/lifestyle/tabid/32965/default.aspx . If you would like any help at all with your insurance policies, please call us toll free at 877-687-7557 or visit us on the web at http://www.ClinardInsurance.com. We can give you expert help with your home insurance, your auto insurance, your life insurance or even you business insurance coverage. Whether you are a small contractor or a used car dealer or a auto repair shop owner or vitually any other business, you can find the help you need at Clinard Insurance Group in Winston Salem, North Carolina.
The source information for this article was pulled from the Clinard Insurance Group tips and tricks blog.
Tuesday, May 19, 2009
Garage Insurance – Used Car Dealers and Repair Shops Watch Those Symbols
Garage insurance is a much misunderstood policy form. Very few insurance agents understand exactly when to use it and more importantly exactly how. You can use a garage liability policy to protect a used car dealer, often referred to as dealer’s insurance, or you can use this same form to protect an automotive repair shop or to set up body shop insurance. The trick is to know the symbols. At Clinard Insurance Group in Winston Salem, NC, we specialize in garage insurance and we understand the difference in how to set up used car dealers insurance and auto repair shop garage insurance.
As I mentioned earlier, both types of businesses, auto repair and or body shops and used car dealers both need the garage policy. But what is covered in these policies is driven by the symbols on the policy. This is very important. If you your business is automotive repair or body work but your policy is set up with symbols that would apply to a car dealership, you could find yourself without coverage in the event of a liability loss.
So how do you know if you have the correct symbols and thus the correct form? Pull out your garage policy and look at the first page. Beside each type of coverage, usually to the left, there will be a least one two digit number between 21 and 31. These symbols will describe what is protected by the coverage described beside the number. Here is a list of the most common symbols and what each one protects:
21 Any auto
22 All owned autos
23 Owned private passenger autos only
24 Owned autos other than private passenger
25 Owned autos subject to no fault laws
26 Owned autos subject to Uninsured Motorists law
27 Specifically described autos
28 Hired autos only
29 Non-Owned autos used in the Garage Business
30 Autos Left for Service/Repair/Storage
31 Autos on Consignment
As you have probably figured out, if you are an automobile dealer and you have code 30 on your policy, you would find yourself without coverage. So why not just put code 21 on all coverages? Well, since code 21 is the broadest coverage, you would have to pay more for this insurance policy and in some cases you might be purchasing insurance protection that you didn’t really need.
Take some time to look at your policy carefully and review the symbols for each line of coverage to make sure that they are appropriate for the work you do. If you need help with this process, please feel free to call Clinard Insurance Group, toll free, at 877-687-7557 or visit us on the web at http://www.clinardinsurance.com/.
The source material for this article was pulled from http://www.insuranceanswerguy.com/.
As I mentioned earlier, both types of businesses, auto repair and or body shops and used car dealers both need the garage policy. But what is covered in these policies is driven by the symbols on the policy. This is very important. If you your business is automotive repair or body work but your policy is set up with symbols that would apply to a car dealership, you could find yourself without coverage in the event of a liability loss.
So how do you know if you have the correct symbols and thus the correct form? Pull out your garage policy and look at the first page. Beside each type of coverage, usually to the left, there will be a least one two digit number between 21 and 31. These symbols will describe what is protected by the coverage described beside the number. Here is a list of the most common symbols and what each one protects:
21 Any auto
22 All owned autos
23 Owned private passenger autos only
24 Owned autos other than private passenger
25 Owned autos subject to no fault laws
26 Owned autos subject to Uninsured Motorists law
27 Specifically described autos
28 Hired autos only
29 Non-Owned autos used in the Garage Business
30 Autos Left for Service/Repair/Storage
31 Autos on Consignment
As you have probably figured out, if you are an automobile dealer and you have code 30 on your policy, you would find yourself without coverage. So why not just put code 21 on all coverages? Well, since code 21 is the broadest coverage, you would have to pay more for this insurance policy and in some cases you might be purchasing insurance protection that you didn’t really need.
Take some time to look at your policy carefully and review the symbols for each line of coverage to make sure that they are appropriate for the work you do. If you need help with this process, please feel free to call Clinard Insurance Group, toll free, at 877-687-7557 or visit us on the web at http://www.clinardinsurance.com/.
The source material for this article was pulled from http://www.insuranceanswerguy.com/.
Monday, May 18, 2009
Coupon Clipping Is Going High Tech, Forget About Scissors
With the recession in full swing, most of us are looking for ways to save a little money. And one of the old tried and true methods, coupons, is getting a real makeover.
These days you can scour the internet for coupons before you go shopping and print them out on your printer, or better yet, have them added to your grocery store shopping card or your smart phone.
Currently online coupons account for 1% of all coupons offered nationwide, but their use is growing at an astronomical rate. Manufacturers love them because they have a 13% redemption rate compared to just 1% for printed coupons. And now large grocery chains are getting in on the act. In January, Kroger announced that it would be rolling its free text messaging coupon program out nationally. Each Sunday, members enrolled in this program can view coupons on their phone and click on the ones that they want added to their Kroger loyalty card. When they purchase the product in the coupon, the register automatically applies the coupon to that sale.
If you still like to put your hands on the coupons, try www.coupons.com, a site that lets you print out online coupons from large food manufacturers and national grocery chains. Last year people printed coupons worth over $300 million from this site alone.
Word to the wise. Coupon deals have got chintzier over the past several decades. In 1990 the average expiration date on coupons was 4.9 months, while the average now is only 2.5 months. Also, in 1995 only 13% of coupons required shoppers to purchase two or more items while in 2008 that number jumped up to 27%.
Check with your local grocery store chain to see what types of paperless coupon options they are offering. You just might find an easy way to get your piece of that $300 million pie.
At Clinard Insurance Group in Winston Salem, NC, we want to help our clients and others as much as possible. If you would like help with your insurance policies, please give us a call, toll free at 877-687-7557 or visit us on the web at www.clinardinsurance.com. We specialize in personalized insurance programs for your auto insurance, home insurance, life insurance as well as business insurance for used car dealers, garage and repair shops, small contractors and other small businesses. We’d love to help you, please give us a call.
The source information for this article was pulled from the Clinard Insurance Group tips and tricks blog.
These days you can scour the internet for coupons before you go shopping and print them out on your printer, or better yet, have them added to your grocery store shopping card or your smart phone.
Currently online coupons account for 1% of all coupons offered nationwide, but their use is growing at an astronomical rate. Manufacturers love them because they have a 13% redemption rate compared to just 1% for printed coupons. And now large grocery chains are getting in on the act. In January, Kroger announced that it would be rolling its free text messaging coupon program out nationally. Each Sunday, members enrolled in this program can view coupons on their phone and click on the ones that they want added to their Kroger loyalty card. When they purchase the product in the coupon, the register automatically applies the coupon to that sale.
If you still like to put your hands on the coupons, try www.coupons.com, a site that lets you print out online coupons from large food manufacturers and national grocery chains. Last year people printed coupons worth over $300 million from this site alone.
Word to the wise. Coupon deals have got chintzier over the past several decades. In 1990 the average expiration date on coupons was 4.9 months, while the average now is only 2.5 months. Also, in 1995 only 13% of coupons required shoppers to purchase two or more items while in 2008 that number jumped up to 27%.
Check with your local grocery store chain to see what types of paperless coupon options they are offering. You just might find an easy way to get your piece of that $300 million pie.
At Clinard Insurance Group in Winston Salem, NC, we want to help our clients and others as much as possible. If you would like help with your insurance policies, please give us a call, toll free at 877-687-7557 or visit us on the web at www.clinardinsurance.com. We specialize in personalized insurance programs for your auto insurance, home insurance, life insurance as well as business insurance for used car dealers, garage and repair shops, small contractors and other small businesses. We’d love to help you, please give us a call.
The source information for this article was pulled from the Clinard Insurance Group tips and tricks blog.
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