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Many consumers have experienced increasing premiums when they go to pay for their auto insurance. This is a trend that will likely continue as medical costs climb.

While health insurance companies pay a negotiated rate with providers that is far less than the providers posted cost, your auto insurance company is generally not allowed this same benefit. In fact, your auto insurance company pays full retail cost for medical care as a result of an accident. The extra cost that is incured goes directly in to your insurance premium.  This effect will likely grow as our health care system is shifting to larger players under the new Affordable Heatlh Care Act. As profits are squeezed, these larger institutions will be less inclined to work with the auto insurance carriers. Those who benefit from this practice include members of the powerful law and medical lobbies so this unbalance is unlikely to be corrected.

Another trend impacting auto insurance rates is the growing cost of medical care as technology grows and our population ages. The cost of care has grown dramatically as technology and demand for care has extended lives and increased the use of high dollar treatments. These are positive advances in care, but they are expensive and this cost is reflected in the insurance premiums we pay.

While rates are on the rise, there are ways that you can control your costs to ensure you are receiving the best value. I encourage you to review your coverage with your agent to make sure you have their best rate. If you have any questions, feel free to call us at 605-336-6303.


 
 
Has a meteor hit the house? Not sure what to do next? Guess what, your insurance will likely take care of the damages from those pesky rocks! If you look at the typical Form 3 (open perils) home policy, you will see that the policy does not list meteors as an exclusion, in fact even the more restrictive Form 2 (named perils) policy provides coverage for falling objects.

Please sleep better at night knowing that if a meteor, space debris or a falling star goes bump in the night,  your insurance is standing by ready to help!
 
 
 
 
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As relationships change, we are frequently asked about how to best handle insurance needs when unmarried people live together. This can be friends renting an apartment, or couples who choose not to get married but purchase property together.

The following article is from Trusted Choice and does a nice job of laying out the points to consider. If you have any additional questions, give us a call at Kouri Insurance. We always look forward to discussing insurance!



We’re  Moving In Together, But Are We Covered? Insurance Answers for Unmarried  Couples

According to statistics from the National Survey of Family Growth, over the past 30 years more and more people live with someone with whom they have a relationship with prior to or instead of getting married- including about half of all
men and women under 44 in the most recently available data. No matter the reason, living with your partner when you aren’t married can present some unique (but not impossible!) challenges to making sure you both have the right
insurance coverage to protect your belongings and your liability.
 
Do you both own your home/condo?
 
If you purchase your home together, it makes the most sense to obtain a single insurance policy with both you and your partner as “named insureds” on it, since you both have a financial/legal interest in the
home. 

Did one of you move into a home owned by the other?
 
In cases like this it probably makes the most sense to each maintain a separate policy. If one of you doesn’t have financial or legal interest in the home, most insurance companies won’t allow that person to be added to the existing policy as “Named Insured.” One possible alternative would be to add the person to the policy using a tool known as an endorsement, but even using the Additional Insured endorsement, the person who is added may not have all of their property and contents covered. Therefore, if only one of you owns the home, the best option to make sure each partner has coverage is to obtain separate policies.
 
What about our cars? We each own our own and have our own auto insurance policies?

While you’ll have coverage for using each other’s cars the one potential gap in coverage would be if you maintained different coverage limits. Some personal auto policies may exclude some coverage for vehicles you drive that you don’t own but are “furnished or available for your regular use,” a description that would most likely fit your partners vehicle.

Suppose you have higher limits on your car than your partner does on theirs. While you would have some coverage under your partner’s policy when driving their car, it would be for those lower limits of coverage than you might have on your own car. If you each have your own cars and policies, you could consider maintaining the same liability limits on both vehicles.
 
What if I own a car and my partner doesn’t?

In this scenario your partner could drive your car and have coverage, but if you were to rent a car on a vacation, your partner wouldn’t have coverage if they were to drive it, unless they purchased separate rental car coverage. Another option would be for your partner to obtain a “Named Non-Owner” insurance policy that would allow them to drive your vehicle with their own coverage.
 
What about the car we own together?

If you own a car together but aren’t married the easiest thing to do is make sure that you obtain a “Joint Ownership Coverage”
endorsement.
  
Good thing you have another partner…

Discuss your situation with Kouri Insurance. We are here to assist you with your insurance needs.

 
 
Regardless of size or location, a  community can not be successful without the support of the people who live there and the businesses that thrive there. The succes of Sioux Falls is directly related to the understanding of many that we all benefit when the city grows and its people are taken care. All of us at Kouri Insurance believe STRONGLY in the concept of paying it forward. Without a healthy community, there would be no Kouri Insurance as it sits today. Your support of our local business makes our success possible.

How does Kouri Insurance support our community?

Glad you asked. We are sponsors, coaches, class room volunteers. We sit on non profit boards and we lend our expertise and talents to groups that need help. We donate a significant percentage of our revenue to nonprofits focused on the well being of our youth and our community. We do this not for recognition, but to improve our community and the lives of those who are in need of assistance.

In 2012, we invested significantly in the following local organizations who are doing good things in our community:

Susan G Kommen Race for the Cure
SD Special Olympics
SF Special Olympics
American Cancer Society
Sioux Falls Youth Hockey
Sioux Falls Fastpitch Softball
Sioux Empire Baseball
Miracle League Baseball Program
SF Catholic School System
Harrisburg Tiger Nation
SF Public School System
Volunteer Sioux Falls
Buddy Walk
Childrens Miracle Network
Sanford Health Foundation
Ice Sports Association
REACH
Children's Care
Junior Achievement
Broom Tree Retreat Center
Family to Family
United Way
Cure Kids Cancer

We are proud to be Sioux Falls grown, and we are proud to help others achieve their dreams!
 
 
Beautiful day today at the Buddy Walk. We had a great time. You truly appreciate how wonderful a person with Down syndrome is when you watch the joy and enthusiasm they bring to whatever they do. Kouri Insurance is extremely proud to be a sponsor. Thank you New Directions for a job well done!
 
 
Posted on August 2, 2012  by  The IMT Group

Undoubtedly you have heard a lot about PPACA in the media.  Talk radio,  political commentators and the general public all seem to have something to say. But what does it really mean and should you be familiar with the Act and the
upcoming timeline?

The answer to that question is YES!  While there are still  some uncertain outcomes of the Patient Protection Act, one thing is for certain: It is here to stay.  The U.S. Supreme Court ruled last month that it is constitutional as a tax to the people and commerce.  This  means that the act will move forward.  We all know that nothing stays the same  with the Government, so please expect changes.  The current Presidential race  could have a large impact depending upon who becomes President. 
However, it is a widely held opinion that even if the opposition does win; PPACA  will still remain in some form or another.  It would be very difficult and detrimental to simply remove everything that has been enacted.  On that note, we
will have to wait and see what happens in 2013.

Please don’t simply wait until 2013 to begin planning.  As a small business owner, it is very important for you to understand how this law may impact your business.  In the event the entire law is upheld, business planning is imperative. Questions must be answered and financial decisions made.

There are many good sources to read on PPACA, here are a  few:

  1. You can start with the government’s website, www.healthcare.gov.  There is a section for small  business owners.

  2. Your legal counsel will be a great resource as they are staying abreast of  this ever changing Act.

  3. The National Federation of Independent Business (NFIB) has some informative  articles -    www.nfib.com.

Some things to know….. Small employers (fewer than 50 full-time  workers):
  • The law imposes no financial requirements for small employees to contribute
    toward their workers’ health insurance costs.  The law does provide some
    financial assistance in the form of tax credits for some small employers to
    maintain or begin offering coverage to their workers.  Depending upon the size
    and average wage of your company, these tax credits could cover up to 35% of the
    employer’s premium contribution through 2014; and 50% for a period of time as of
    2014.

  • If you do offer health insurance coverage to your employees, it does have to
    comply with the Act (i.e. waiting periods less than 90 days; preventive care,
    etc.).

What next?

Become familiar!  This act is very complex and should be reviewed with  financial and operational planning for 2013 and beyond when the Act becomes fully operational.

 This material does not constitute legal advice and is merely informational.
 
 
Be Safe, Be Smart On A Long-Distance Road Trip
 
Whether you’re traveling alone, with a buddy or  with your spouse and a car full of kids, there are few things more “American”
than the long-distance road trip. Countless vacation travelers will drive the  highways looking for fun and making memories with every mile. If traveling down  the “holiday road” is in your plans, take the time to prepare for your trip.
You’ll have a more enjoyable vacation if you plan carefully. Here are a few driving tips, courtesy of Kouri Insurance.
 
1) Maintain your car. Make sure your vehicle is up to date on its maintenance schedule, and be sure to check the
battery and tires. 
 
2) Plan your trip and know where you’re going. Call ahead for proper and safe directions to get you to your destination
safely and have maps of the area on hand to help you navigate once you are off the main road. You’re more likely to make good decisions, even in dangerous situations, if you’re clearheaded and know where you’re going. 
 
3) Be alert. Seems obvious, but driver inattention is surely the cause of a lot of accidents. If you stay focused behind the wheel and plan carefully, you will have a wonderful summer road trip. 
 
4) Take precaution with a cell phone. Cell phones can be a lifesaver when you need immediate access to emergency services
after an accident. Keep your phone within easy reach and get to know its features. However, use it prudently. Reports suggest that driving while talking on the phone increases accident rates. 
 
5) Wear your seat belt. Whether or not it’s required by law in the state through which you’re driving, always wear your
seat belt as a safety precaution. 
 
6) Protect your car against theft. Help deter criminals from taking your car with steering wheel locks, switches that
disable fuel or ignition systems, and electronic tracking devices. 
  
7) If you’re in an accident. Taking immediate steps if you’ve been in an accident can protect your family and your
car from further damage. Stop immediately and make sure your car is not blocking traffic. Turn off your car to keep it from overheating or catching fire. Warn oncoming cars using road flares or orange triangle reflectors. After you have
protected yourself and your family, call your insurance company immediately.

8)  Make sure your auto insurance is up to date. Before you even leave the driveway, you want to be sure you’re protected when you’re on the road and far from home. An independent insurance agent or broker can provide the personal service and
advice you need to travel in confidence.
 
 
The Randy Kouri Golf Benefit for Children's Care is only 2 weeks away! August 17th to be exact. Here are some of the awesome raffles and auctions we have available:
 
  • An amazing Experience at The Prairie Club Golf Course near Valentine, Nebraska.
  • 4 Tickets to the Pittsburgh vs. NOTRE DAME Football game at South Bend.
  • Signed Footballs by Lou Holtz, Brian Kelly and Ara Parseghian.
  • 1 Year Social Membership at the Westward Ho. 
  • 1 Year Membership to Sanford Wellness.
  • 1 Year Season Pass to Willow Run Golf Course.
  • 1 Night Stay at Cedar Shores Resort with a $25 gift card.
  • Session with Tom Gunlicks, Dog Behaviorist at Precious Pets Country Resort.
  • Weekend package at Grand Falls Casino & Resort.
  • Golf packages from a variety of local courses.
More being added...

We still have some Dinner Tickets available. Help us help Children's Care and have a great time doing it!

 
 
We are pleased to announce a new discount for Volunteer Firefighters and EMT's. 

When the call comes in, you drop everything to rush and take care of others. In partnership with The IMT Group, we want to show our thanks by offering a special discount for your auto insurance. Give us a call at 336-6303, or click here to learn how much you can save!