Palmetto Moon helped one customer take a look at all of her insurance needs and by switching her homeowner’s (including earthquake coverage) policy, flood insurance, and auto insurance, she was able to save $1,000.
A homeowner of an historic house in downtown Charleston, South Carolina, previously had $300,000 in coverage on his building with a $1,000 deductible and a premium of $4,803. Considering the house had been in good condition for two hundred years and had never experienced any flooding over that time, Palmetto Moon suggested the homeowner raise the deductible. Now the home has $300,000 in coverage with a $50,000 deductible and a premium of only $2,490. That’s a savings for the homeowner of $2,313 a year. If any flood damage should occur for the first time in two hundred years, the homeowner could pay for minor damage out of pocket from the savings he’s making from his new insurance plan.
A homeowner had a premium of $6,693.90 financed at 22.2% APR, for a total annual payment of $7,031.87. With help from Palmetto Moon, the homeowner now has a premium of $5,585.14 financed at 12.26% with a total annual payment of $5,786.43. Without financing the homeowner will be saving $1,108.76 a year and with financing saving $1,245.44 a year.
Palmetto Moon helped a property and business owner in Charleston save over $2,000 on coverage for a West Ashley office building even with increased coverages as part of business owner’s and lessor’s risk policy.
A local commercial contractor was paying $17,734 a year in insurance coverage. After consulting Palmetto Moon, the contractor is not only saving $910 a year but also has increased coverage that protects his business even if sub-contractors do not have proper coverage. Palmetto Moon may be saving the contractor only a small fraction per year in premiums, but the potential long-term savings on liability if something should happen with a sub-contractor who is not properly insured could be significant enough to mean the difference between his business thriving or failing.
A chemical plant with complicated insurance needs came to Palmetto Moon for help making sure they had all coverages needed for their multi-faceted business. Palmetto Moon created a comprehensive plan including Commercial Umbrella, Property, General Liability, Commercial Auto, and Kidnap and Ransom. The manager of the plant can now rest assured that the plant’s liability is covered, risk is managed, and he has one insurance company covering it all so he knows whom to call and who will help when issues or questions arise or his facility’s needs change.