Tim Monihan

Tim Monihan

Property & Casualty Insurance

Member

Endorsement Letters I've Received

When I am asked about choosing a deductible for vehicle insurance- its important to consider whether one has the money set aside to come up with the designated amount to repair their vehicle and if it’s actually worth it carry a higher deductible.  Many financial syndicates will say- carry $1000 deductible- it’s the best savings.  Depending on the coverage – this may or may not make sense.  

Comprehensive coverage- coverage if one hits a deer, thier car is stolen, their car is vandalized, hail damage occurs or glass damage occurs.  This one of the cheapest coverages on a policy.  The difference between $1000 deductible and $250 deductible- could be less than $3/month. In my personal opinion- this minimal savings - wouldn’t be worth carrying a higher deductible.

Collision coverage- coverage if someone is at fault to fix their vehicle- is one of the more expensive coverages on an auto insurance policy.  Carrying $1000 deductible can make sense- to keep premiums lower- but one must have that $1000 set aside- in order to prevent a financial burden. 

Choosing a deductible- can’t be painted with a broad stroke brush. 

In the insurance industry- its easy to sell just on price- everyone wants a good rate.  Its important to keep the coverage selected in mind- does it make sense for the customer too?

Referral Trigger Response

Farmers Insurance- Tim Monihan Agency LLC

Farmers Insurance- Tim Monihan Agency LLC

770-716-4124

6000 Shakerag Hill
Suite 212
Peachtree City, GA 30269

Website

My best client is looking for not only exceptional coverage and rates on their auto, home and life insurance - but unmatched customer service. One never knows how good their insurance company is until they have to file a claim- that is where we excel.

Company

Members I've Invited

Walter Johnson

Walter Johnson

Sponsorship

Endorsement Letters I've Given

North Fayetteville Team

Introduced by:

Phil Downey

Phil Downey

Joined on 06/07/2019

Leadership

ParticipationCoOrdinator 12/07/2020
VisitorCoOrdinator 10/12/2021
MembershipCoOrdinator 02/09/2020
100% Club 05/13/2022

Team

Team

PowerLinks Certificate 08/21/2019
Orientation Essentials 08/19/2019
InfoMinute Seminar 07/15/2019

Development