Auto Insurance: What Policy is Right for Me?

Auto Insurance: What Policy is Right for Me?

If you have a vehicle, you are legally required to have auto insurance. For those shopping for auto insurance Pacific Missouri has several different options, but one of the first choices you need to make is whether you will get liability coverage, as required by law, or if you will opt for coverage that protects you and your vehicle as well as others on the road. While some may say to get all the coverage you can, you probably realize that it isn’t that simple. Whatever policy you are ultimately compelled to purchase will depend on many factors, including

  • The age and type of vehicle you own
  • Your age, and level of risk you carry
  • The value of your vehicle
  • Whether or not your vehicle is paid for or financed
  • Your personal financial situation

Liability Auto Insurance Pacific MO

In Pacific, MO there is a minimum amount of liability insurance that everyone is required to carry. You must carry at least $25,000 worth of bodily injury coverage, $50,000 of total bodily injury coverage (for accidents where multiple people are hurt) , and $10,000 worth of total property damage. Liability coverage covers injuries to people other than you, and possessions that are not your own. If you are hurt, or your car is damaged it will be on you to pay for repairs out of your own pocket, unless the other person is at fault and their insurance pays your bills.

Just because there are defined minimums for liability auto insurance in Pacific, MO doesn’t mean that is the most that you will be held responsible for. If you are responsible for an accident and damages exceed minimum coverage levels, it is possible that the injured party could go after your property or other assets in order to pay those extra bills. If you can afford it, getting a higher than minimum dollar amount is usually a wise choice. In Missouri, uninsured driver coverage is also required, at the same levels as liability coverage. This coverage is to protect you if an uninsured driver is responsible for your injuries or damage to your property.

Collision and Comprehensive Auto Insurance Pacific MO

If you are financing your vehicle from a dealer, or have some other sort of auto loan, there is a good chance that your lender will expect you to carry more than liability coverage on that vehicle — at least until you have paid off your loan. Typically, the level of auto insurance Pacific lenders require is collision coverage and comprehensive coverage. These expectations are understandable, since a collision would lessen the value of the vehicle. Collision coverage takes care of damage that happens if you hit a stationary object, such as a median or telephone pole. Comprehensive coverage, is also known as full coverage, but it covers your car in nearly every other scenario, such as hail damage or if someone breaks into your car. Although it is not required, medical coverage, is another type of auto insurance Pacific residents also should consider, since it covers their own bodily injuries from the accident, and may cover some treatments that their own health insurance does not.

Staying True to Your Situation and Budget

Ultimately, the type of auto insurance and level of coverage you choose will be influenced by what you can afford, as well as the value of your vehicle. If your vehicle is older and does not carry much value, you may want to get the best liability coverage possible, and save for a better car later on — especially if you are in a high risk group and don’t have assets you need to protect.

Whatever you decide, it is important that when it comes to auto insurance Pacific residents look at all their options and make an informed decision. At times those in high risk brackets also qualify for various discounts that will allow them to have more coverage than less than they thought. An NEC Insurance agent can help you get a better view of what is possible.To learn more about your auto insurance options, contact us for a free online quote.

What Does HRA Mean in Health Insurance?

What Does HRA Mean in Health Insurance?

Health Reimbursement Account, often called HRA, is a type of IRA-approved health benefit plan. Today, many employers are looking for ways to provide for employee-related health insurance needs in an affordable manner. Yet, many typical health insurance policies have limitations. This type of account offers more flexibility for many employers.

What Is an HRA?

A Health Reimbursement Account can provide a solution. These plans are employer-funded and offer tax advantages to the account holder. The account reimburses employees for the medical expenses and health insurance premiums they pay out-of-pocket. It’s important to know that an HRA is not a health insurance policy. Rather, the structure of these accounts allows an employer to make deposits for their employees into these accounts that can then be used to pay for eligible expenses.

Specifically, these plans can give employees a bit more freedom in how they meet their medical expense needs and, HRAs can cover medical expenses not typically covered by insurance. read more…

10 Safest Cars for a Teenage Driver

teens-300x200A teenage driver is rated among the most expensive driver to insure.  Historic driving patterns followed up by statistics make the reasons easy to understand.

Motor vehicle crashes are the leading cause of teen death in the U.S. Six teens age 16-19 die every day from motor vehicle accidents, with 16 and 17 year olds having the highest percentage. Teenage drivers are three times more likely to be in a fatal car accident than drivers 20 years of age of older. In 2014 this equated to 2,270 fatalities, and 212,313 injuries resulting from inexperienced and distracted teen drivers.

Keeping your teen, and those on the road with them, safe is everyone’s number one concern.  In addition to parental oversight, the type of vehicle your teen drives can make a positive impact. California-based Mercury Insurance released a list of the top 10 safest and most affordable vehicles to insure for teen drivers. They were evaluated by The National Highway Traffic Safety Administration (NHTSA).

The NHTSA evaluates new vehicles in two areas: crashworthiness; how well a vehicle will protect occupants in the event of a crash, and crash avoidance and mitigation; how well the vehicle’s technology can help prevent or reduce the severity of an accident.

Crashworthiness Testing Includes:

  • Moderate frontal collision: How well a car performs driving at a speed of 40 mph, and hits a 2 ft. tall barrier with approximately 40% of the total width of the car.
  • Small frontal collision: How well a car survives a crash going 40 mph and hits a 5 ft. tall rigid barrier with 25% of the total width of the vehicle.
  • Side testing: The result of a vehicle being hit on the driver’s door by a 3,300 pound SUV-type barrier traveling at 31 mph.
  • Head restraints: How well crash dummies are secured during a rear-end collision.

Crash Prevention Technology:

  • Crash prevention systems are rated basic, advanced, or superior depending on the type of systems offered, and the car’s performance in the track tests.

Mercury Insurance compiled its list based on the NHTSA ratings and the cost to fully insure the vehicles in California including liability, comprehensive, and collision coverage.

See the Top 10 Safe Cars 2016


Americans Love to Drive

car_sizem-300x200A survey conducted by the AAA Foundation for Traffic Safety released its results showing just how committed Americans are to their automobiles. The data is a sample from 5,774 randomly selected drivers nationwide that provided information about their daily driving habits from 2014-2015. Here are the eight most interesting findings from the survey:

  1. Americans travel nearly 10,900 miles and spend more than 290 hours on the road. This equates to seven 40-hour work weeks.
  2. On average, men drive 2,314 more miles than women and spend 18 percent more time behind the wheel.
  3. More than 86 percent of U.S. households have one car per driver and 28 percent have more cars than drivers.
  4. Drivers in the 30-49 age group drive the most miles; 13,506 miles annually.
  5. Those living in rural areas drive 2,458 more miles yearly than their city dwelling counterparts.
  6. Motorists in the Midwest and Southern regions log more miles than those living in the Northeast.
  7. Over 50 percent of driving in America is done in cars, followed by SUVs (20 percent), pickup trucks (17 percent) and vans (7.9 percent).
  8. On average, Americans more from October through December at 31.5 per day, and the least from January through March with 26.2 miles per day.

When you look at these statistics, it’s easy to see why car insurance is so vital. It truly is a numbers game. The more you drive, the more likely you are to have some type of incident. To make sure you’re appropriately protected contact your NEC insurance professional today or call Joe Bosse, President at 636.271.2481.

NEC is one of the largest independent insurance brokers in Missouri offering business and personal insurance, risk prevention, and financial services. Our size allows us to provide you with the best price for the depth of services you receive. Contact us today for more information at 636.271.2481 or visit

6 Surprising Things Covered by Home Owner’s Insurance

hole1-300x200When you purchase a home owner’s insurance policy, you expect to have coverage inside and out. But if you really read your policy, you may be surprised to find some additional coverage you hadn’t thought of. Call your NEC insurance professional for help reviewing your policy to determine if these six areas of coverage are included in your policy.

Dorm Burglary: If your college-age children are robbed, their losses may be covered under your homeowner’s policy. This coverage is typically a percentage of your property coverage, and may have age limitations for the student.

Spoiled Food: If loss of power due to a covered event, causes food spoilage in your frig or freezer, contact your NEC agent.  Your policy may cover the cost of replacing your groceries. $500 is the typical limit on this loss.

Falling Objects: You expect to be covered if a tree falls on your house. But what about other strange things like blocks of ice or airplane tires?  Falling objects are a covered peril regardless of where they come from or what they are.

Credit Card Theft: Your credit card is considered a personal belonging and is covered by most policies. As such, some insurers provide up to $500 in coverage if your credit cards are used without your authorization.

Gravestones: If you are the primary caretaker of a headstone, and it is damaged or vandalized on your property or in a cemetery, your policy may consider it personal property and provide coverage to replace it.

Trauma Clean-up: If someone in your home becomes a victim of a traumatic or unattended death, you may have this type of home restoration coverage in your policy. Check first before you experience any additional emotional upheaval.

Though you don’t want to file a claim unnecessarily, you also don’t want to pay out-of-pocket for something you’re already paying for. Your NEC insurance professional is here to help you during those tough time so don’t hesitate to call if you have questions or concerns.


NEC is one of the largest independent insurance brokers in Missouri offering business and personal insurance, risk prevention, and financial services. Our size allows us to provide you with the best price for the depth of services you receive. Contact us today for more information at 636.271.2481 or visit



3 Types of Insurance Coverage Needed to Play Pokemon Go

pokemongo3-146x300The original Pokémon game, in its various forms, first surfaced in 1995. You may still have collections of Pokémon cards in your attic or a copy of the original Game Boy version released by Nintendo in 1996. Now 20 years later Pokémon is making a comeback.

Pokémon Go is a mobile app that allows users to hunt virtually for Pokémon in the very real great outdoors. It has become wildly popular, amassing more users than Twitter in just a few days. However, like most cultural phenomena, Pokémon Go has also spawned unintended consequences such as injuries and property damage resulting from distracted players. Fortunately; most of these are covered by insurance, according to the Insurance Information Institute.

You’ve probably already seen Pokémon Go in action if you’ve noticed hordes of players scouring your neighborhoods with their eyes glued to their smartphones hoping to “Catch ’em all.” The up side is that more people are motivated to get outside for some fresh air and exercise. The down side is that because players are so distracted they have been seen walking, biking, or skating into signposts, sewer grates and even each other.

Enjoy the game, but be adequately protected against the risk that accompany the play beginning with these three types of coverage:

Property Damage Incidents: If you accidentally trample someone’s flowerbed while hot on the trail of a Bellossome or a fellow player is injured in your home and sues, most homeowners’ and renters’ policies provide coverage to pay for damages you cause to other peoples’ property and/or possessions as well as liability for mishaps that occur on your property.

Motor Vehicle Related Accidents:  Be aware of your surroundings even when hunting down Pokémon. If you wander into the street and get hit by a car, the driver’s auto policy could be responsible for your injuries.Almost all states require that vehicle owners and drivers carry liability insurance to cover personal injuries to third parties. If that’s not available, your own uninsured/underinsured motorists policy may pick pay your expenses. .

Identity Theft and Cyber Crime: The game’s called Pokémon Go, but it’s your data that’s in play. This fantasy game creates real-life vulnerabilities. While playing, keep in mind your data can be stolen. If so, your homeowners’ or renters’ policy will likely cover identity theft. You may also purchase a stand-alone policy that will reimburse you for the cost of restoring your identity, credit report repair, and other related expenses.

If you have any questions regarding your levels of protection, contact your NEC insurance professional or Joe Bosse, President at 636.271.2481 or visit

NEC is one of the largest independent insurance brokers in Missouri offering business and personal insurance, risk prevention, and financial services. Our size allows us to provide you with the best price for the depth of services you receive. Contact us today for more information at 636.271.2481 or visit

Keep Employees Safe from These Top 5 Workplace Injuries

capture1No one wins when you experience a workplace injury. Employees experience pain and suffering as well as financial loss due to the lesser pay-out of
workers compensation. And employers suffer due to loss of production and increased insurance premiums.  The best way to minimize this is to be proactive by understanding what to look for in the workplace.

The Travelers Cos, the New York City-based insurance giant, recently released its Injury Impact Report in which they analyzed more than 1.5 million workers compensations claims filed between 2010 and 2014 from a variety of business sizes and industries.

The five most common workplace injuries include strains, sprains, cuts, punctures, contusions, inflammation, fractures or chronic sicknesses resulting from a type of work (e.g., a skin disease caused by chemical exposure).  On average, an employee who experiences a sprain will miss 57 days of work, followed by cuts and punctures at 24 days. Of the most common injuries – inflammation and fractures caused the most time away from work at 91 and 78 days respectively.

What this means for employees is that regardless of how long you’ve worked at your job you don’t want to become so comfortable in your environment that you are no longer cautious. For employers, it means that in order to keep productivity up and insurance premiums down, maintain a safe workplace for your employees. A little bit of effort will pay dividends in the future.

For more information on how to maintain a safe work environment, contact Joe Bosse at 636.271.2481.

NEC is one of the largest independent insurance brokers in Missouri offering business and personal insurance, risk prevention, and financial services. Our size allows us to provide you with the best price for the depth of services you receive. Contact us today for more information at 636.271.2481 or visit

Understanding the Basics of Flood Insurance

flooding-300x225By now, you probably know that only flood insurance covers flood damage, but you probably don’t know all of the details. Here are a few of the more frequent concerns for consumers to help you understand the basics of flood insurance.

INSURANCE AGENT: Flood insurance can only be purchased through an insurance agent; you cannot buy it directly from the federal government.

COVERAGE: As with any other type of insurance, it’s important to know what your policy does and doesn’t cover. For example, damage caused by a sewer backup is only covered by flood insurance if it’s a direct result of flooding. The damage is not covered if the backup is caused by some other problem. For a complete summary of coverage, contact your NEC professional.

DEDUCTIBLE: Deductibles apply separately to building and contents with different amounts to choose from. Like other insurance plans, a higher deductible will lower the premium you pay but will also reduce your claim payment. Your mortgage lender can also set a maximum amount for your deductible.

MANDATORY REQUIREMENTS: Homes and businesses with mortgages from federally regulated or insured lenders in high-risk flood areas are required to have flood insurance. While flood insurance is not federally required if you live in a moderate-to-low risk flood area, it is still available and strongly recommended.

RATES: The NFIP, a federal program, offers flood insurance, which can be purchased through most leading insurance companies. Rates are set and do not differ from company to company or agent to agent. These rates depend on several factors, including the date and type of construction of your home, along with your area’s level of risk. Most premiums include a Federal Policy Fee and ICC Premium. If your community participates in the Community Rating System (CRS), you may qualify for an insurance premium discount in some communities of up to 45% if you live in a high-risk area and up to 10% in moderate-to-low risk areas.

30-DAY WAITING PERIOD: Typically, there’s a 30-day waiting period from date of purchase before your policy goes into effect. Here are the only exceptions:

  • If flood insurance is being purchased in connection with the making, increasing, extending or renewing of your loan.
  • If a building has been newly designated in the SFHA and flood insurance is being purchased within the 13-month period following a map revision.
  • If flood insurance is required as a result of a lender determining that a loan that does not have flood insurance coverage should be protected by flood insurance.
  • If an additional amount of insurance is selected as an option on the renewal bill.
  • If a property is affected by flooding on burned Federal land that is a result of, or is exacerbated by, post-wildfire conditions when the policy is purchased within 60 days of the fire containment date.

PAYMENT: Payment must be made for the full year’s premium. The National Flood Insurance Program accepts check and credit card payments (American Express, Discover Card, MasterCard or Visa).

For a better understanding of the basics of flood insurance, contact NEC Insurance at 636.271.2481 or email Joe Bosse, President.


NEC is one of the largest independent insurance brokers in Missouri offering business and personal insurance, risk prevention, and financial services. Our size allows us to provide you with the best price for the depth of services you receive. Contact us today for more information at 636.271.2481 or visit


5 Tips for Year-End Tax Planning

irs-300x235As the holiday rush is in full swing, it’s an indicator that tax season isn’t far behind. While your finances require year-round planning, there are some specific things you can consider as the year comes to an end to help you minimize your year-end tax obligations.

Here are 5 Tips for Year-End Tax Planning:

For more specific strategies, please contact a NEC financial planning professional for the best options for you and your family.

Max out your retirement plans: If you’re under 50 years old you can contribute up to $18,000. For those over 50, your contribution can be up to $24,000 and there are catch-up contribution options available if you haven’t capped out your contribution limits.

Make a donation: In general, you can deduct up to 50% of your adjusted gross income to a charitable organization without regard to net operating loss carrybacks. There are some exceptions, so before making any major philanthropic decisions, contact a financial planning professionals.

Take all required minimum distributions:
Be sure to take all minimum distributions from your retirements accounts such as IRAs and 401(k)s. This includes any retirements account you inherited from a loved one. The tax penalties will be added to your ordinary income tax that you already owe, and can add up quickly.

Use Flex Spending accounts: The $2,2550 you can contribute to a flex spending account is non-taxable. You generally must use that money within the plan year or lose it unless your employer offers some other options.

Take the deduction from investment losses: If you experienced losses in some of your investment holding, consider selling some of these holdings to realize the losses. Those losses can be used to offset gains from other investments.

Before doing anything that could impact your tax obligation, talk to a NEC financial planner to learn what options best fit your needs. Any decisions you make today, could change your financial landscape for tomorrow.

NEC is one of the largest independent insurance brokers in Missouri offering business and personal insurance, risk prevention, and financial services. Our size allows us to provide you with the best price for the depth of services you receive. Contact us today for more information at 636.271.2481 or visit

Are You Monitoring Your Beneficiaries?

extended-family-300x200Some individuals name a temporary beneficiary because they want time to think about it. Typically, once the forms are completed, these individuals rarely change their beneficiaries, so a temporary solution may become permanent – perhaps with unintended results. And if you think an inappropriate beneficiary will simply ‘do the right thing’, think again. They are legally entitled to the money.

Here are five situations you want to monitor:

  1. Do you have an insurance policy from work that you don’t pay for, or your family members aren’t aware of?
  2. Has your family expanded due to the birth of children, grandchildren, or adoption? If your child is listed by name as a beneficiary on your policy, you may want to add your additional family members.
  3. Have you gotten married, divorced, or found a new non-legal love interest? Make sure your policy reflects who you care about right now. If your beneficiary is a girlfriend or boyfriend from five years ago, and they are no longer an important part of your life, you may want to update the information.
  4. Has your current beneficiary passed on? The death of a spouse typically triggers a designation review. But what happens when your child is a beneficiary, and they die before you? In this situation your child’s children won’t automatically receive their fair share without changes to your policy.
  5. Have you experienced a major life change such as a job change, relocation, or retirement? This may have serious financial ramifications to your situation. You may need more or less complicated planning because of the size of your estate or changes to your residency.

To avoid awkward surprises, contact your NEC insurance representative today to review your policies. They can help you update your information and provide you with the peace of mind you want for you and your family. Call NEC today at 636.271.2481 or contact Joe Bosse, President.


NEC is one of the largest independent insurance brokers in Missouri offering business and personal insurance, risk prevention, and financial services. Our size allows us to provide you with the best price for the depth of services you receive. Contact us today for more information at 636.271.2481 or visit