Author Archives | Michael Rice

About Michael Rice

Michael Rice is an insurance broker at Thomas Ward Insurance Group in Lincoln Park. He started working in the insurance industry in 1993, with Thomas Ward, as the city's first American Family Insurance agents. After a few very successful years at American Family, he realized that to be truly successful he needed to be able to provide his clients more than a "cookie-cutter" approach to insurance ? one company can not solve every clients needs. So, in 1999 he and Tom took the chance and opened up their own independent insurance brokerage and have never looked back. He now represents some of the countries top ranked insurance carriers. Michael resides in Chicago, IL with his gorgeous wife and three boys. You can reach him at mike@twinsurance.com. Visit his website at http://www.twinsurance.com

Home Owners’ Insurance Rates On the Rise

Written by: - July 7, 2009

Comments Off on Home Owners’ Insurance Rates On the Rise

Home Owners’ Insurance Rates On the Rise

The economy is still leaning against the ropes. People are tightening their belts to buckle down for the next few quarters. And, now people are talking about the insurance industry giants, such as State Farm and Allstate, ?sucker-punching? their customers. Double Digit Home Owners’ Insurance Rate Increases Allstate was the first to announce last month […]

Continue reading...

Insurance Needs Change When Building Is Vacant or Being Worked On

Written by: - June 26, 2009

3 Comments

Insurance Needs Change When Building Is Vacant or Being Worked On

Over the past few months, I have noticed more and more home insurance activity: People picking up houses in foreclosure to fix it up to rent out; Buying foreclosures to move in to eventually; Renovating homes to flip them; People who can?t sell their homes either (1) renting out their homes or (2 ) even […]

Continue reading...

Ten Ways To Save Real Money on Homeowners’ Insurance

Written by: - April 13, 2009

2 Comments

Ten Ways To Save Real Money on Homeowners’ Insurance

As a note, as I explained in a previous post, I am not a proponent of slashing insurance expenses across the board without understand the long term ramifications. It definitely can be expensive to be cheap. But, with a little knowledge, you can put real money in your pocket in one short afternoon. How can […]

Continue reading...

Property Value Dropped? Your ITV Probably Hasn’t.

Written by: - April 3, 2009

3 Comments

Property Value Dropped? Your ITV Probably Hasn’t.

Over the past few months, the economic downturn has caused many of us to reevaluate our household budgets and seriously reconsider our spending. Along with this comes the direct insurance companies inundating our mailboxes with ?promises? to save you hundreds of dollars on your home insurance. If it sounds too good to be true…they generally […]

Continue reading...

Does Homeowners’ Insurance Cover Flooding?

Written by: - February 23, 2009

Comments Off on Does Homeowners’ Insurance Cover Flooding?

Does Homeowners’ Insurance Cover Flooding?

A week of record high temperatures in early spring cause rapidly melting snow to overflow a stream located in the backyard of a home in Chicago. The exterior drain of the home backs up and allows water to enter the finished basement, resulting in flood damage. The water causes a crack in the foundation and […]

Continue reading...