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We all need insurance, but with the wide variety of options available and companies to choose from, deciding on which policy is right for you can be over whelming. As an independent insurance agency, we have the ability to offer you rates from multiple insurance companies. We are able to rate prospective insurance applicants using a comparative rater and figure out at what premium you are eligible to purchase insurance.

If you choose one insurance company, the rate they give you is the rate that one company believes you qualify for. OceanPoint has a comparative rating system that allows you to compare the rates of a variety of insurance companies right on our website, so you can choose which company best fits your needs.

No insurance policy is a one-size-fits-all, and you don’t know which company fits best until you explore all your options. To receive a quote for homeowners, auto, or life insurance, visit the quote page of our website and fill out the required form. An agent will then contact you with quotes from multiple insurance carriers based on the information you provided.

At OceanPoint we strive to ensure all of our clients are satisfied with our service, and we continuously look for ways to save you money while offering you superior coverage at competitive rates. With our comparative rating system, you are able to review all of your options from the comfort of your own home, when it is convenient for you.

OceanPoint effectively provides you with a fast and accurate insurance quote. For more information about our quote options, call our office today at 847-5200, or visit the quote page of our website to start comparing rates today.

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Stephanie Federici, financial services account manager, Doug Guilbert, account executive, and Christina Mohr, commercial lines account manager, were awarded the Certified Professional Insurance Agent (CPIA) designation at the Independent Agents of RI Annual Education Awards Luncheon.

The CPIA designation recognizes leaders in the insurance industry for professionalism, commitment to sales training, and technical results.

To earn the designation, Stephanie, Doug, and Christina attended three Insurance Success Seminars designed to enhance the ability of producers, sales support staff, and company personnel to efficiently create and distribute effective insurance programs.

The seminars and completed coursework included implementing risk identification strategies and systems, developing specific methods for maintaining high legal and ethical standards, and assimilating customer needs to create a customized protection program.

Stephanie, Doug, and Christina’s dedication to achieving the CPIA designation is an example of how all OceanPoint employees hold themselves to the highest standard and are committed to providing the best service possible.

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OceanPoint Insurance Agency is always looking for ways to enhance our services. In order to better serve our customers, you now have the ability to receive a free Term Life Insurance quote right from our website.

Life Insurance is one of the most important investments you will make during your lifetime. With the chaos of everyday life, it’s easy to put off important time-consuming tasks, such as looking at your Life Insurance options.

With our new instant quote tool, located on the Financial Services page of our website, you can easily compare rates of the insurance companies we represent. You can now review your options right from the comfort of your own home, when it is convenient for you.

For an instant quote, simply select your benefit amount, length of term, premium option, and whether you are a smoker or non-smoker, and we can provide you with an instant quote.

It is a fast and easy way to review your Term Life Insurance options. Receive your free personalized quote today to see how affordable it really is.

For more information about your Life Insurance options, call OceanPoint Insurance at 401-847-5200.

We’re at that time of the year when potholes start turning up left and right. This year the roads are filled with them, and we find ourselves swerving all over the road trying to avoid them.  However, avoiding every pothole is easier said than done and many of them have the potential to cause serious damage to your car.

Often times we don’t see one, or it’s filled with water disguising itself as a puddle and we don’t have time to avoid it.

If you hit a pothole that causes damage to your car, are you supposed to pay for that? 

If you pay out of pocket to fix the damages caused by the pothole, you could be reimbursed for up to $300 to cover the cost of repairs. Depending on which road, whether it was a state or city road, you can file a claim with the Rhode Island Department of Transportation (RIDOT), or the city and receive reimbursement, if your claim is approved.

To ensure proper reimbursement, you must follow these steps when filing a claim with RIDOT:

1. Within 7-days of the incident, the registered vehicle owner must submit a letter to RIDOT stating the exact time, date, and location of the incident.

  • The letter must be post marked or received within 7-calendar-days of the incident.

2. You have up to 60-days to provide the following:

  • A copy of a police report, a tow receipt or an auto club report verifying the incident
  • A copy of the valid RI registration for the vehicle
  • Copies of itemized, paid receipts with a proof of payment provided; the current odometer reading must be on the repair bill

If the damage occurred on an Interstate highway, and your car was not disabled or you do not have a tow receipt or auto club report, often times the State Police is the correct agency from which motorists should seek a pothole incident report form.

There are no guarantees with any claim made to RIDOT, and the pothole claim law only applies to cars registered in Rhode Island. The pothole law is only effective for non-residents if their vehicle is registered in a state that has a reciprocal pothole law (such a state would afford similar protections to Rhode Island-registered vehicles in its state).

If you choose to file a claim with your auto insurance company, you should know the damages would only be covered if you have collision insurance and that your deductible would apply. Make sure you take pictures of the damage right away, and if it is safe you should take a picture of the pothole as well to help process the claim.

For more information on pothole damage reimbursement and for help when filing a claim call OceanPoint Insurance at 401-847-5200.

 

NEWS RELEASE

Middletown, RI – January 6, 2014

OceanPoint Insurance Agency has announced that it has acquired Raymond Insurance of Coventry, RI, to expand insurance services in the West Bay area.  Additionally, Kim Raymond, principal of Raymond Insurance, has accepted the position of Vice President of West Bay Operations for OceanPoint.

Recognizing the opportunity to join forces with Kim Raymond, who has a proven track-record in the insurance industry, Doug Mayhew, president and CEO of OceanPoint Insurance, said, “We are pleased to welcome Kim and Raymond Insurance to the OceanPoint team.  Kim is a dedicated insurance professional, who is very involved in her community; we look forward to working with her to strengthen our market share in the West Bay.”

Raymond is also pleased to join such a trusted and professional insurance agency: “OceanPoint Insurance has a tremendous reputation for customer service making this a very good fit for Raymond Insurance.  The clients of Raymond Insurance can also look forward to a greater selection of products and services offered through OceanPoint,” said Kim Raymond.

About OceanPoint Insurance

Headquartered in Middletown, Rhode Island, OceanPoint Insurance Agency, Inc. provides a broad range of property casualty insurance products, in addition to a full array of financial services. Along with BankNewport, OceanPoint Insurance Agency, Inc. is a subsidiary of the Mutual Holding Company, OceanPoint Financial Partners, MHC. Tracing its roots back to 1863, OceanPoint Insurance Agency, Inc. is proud to serve the insurance needs of clients from two full service offices located in Middletown and Barrington, Rhode Island, forming one of the largest independent insurance agency operations in southeastern New England.

For more information, visit www.oceanpointins.com.

About Raymond Insurance Agency

Raymond Insurance Agency was founded in 1999 at its current location in Coventry, Rhode Island. Kim Raymond has been a Certified Insurance Counselor since 1997 and is an active member of the insurance community, currently serving on the Board of the Directors of the Independent Insurance Agents of RI.

For more information, please visit www.raymondagency.com.

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Valuable Property Insurance

Plan on giving the gift of luxury this holiday season? Are you expecting an expensive piece of jewelry? Well, it is important that you know how to properly protect all of your jewelry and other valuable items during the gift-giving times by the use of valuable property insurance.

Most standard homeowners policies protect your home and the items you own inside, but only up to a certain dollar amount. To insure your valuable items, you can purchase an extension or a “rider” that can be added on to your renters or homeowners policy to protect against theft or loss.

It is crucial you have your gift appraised because it’s important to know exactly how much your jewelry is worth to make certain you’re adequately insured. The value of a piece of jewelry depends on many factors, such as condition, age, color and clarity of the stones and the style.

You should also remember to keep any receipts that show the date you bought the piece, how much you paid for it, and where you purchased it. This should also be kept with a photograph of your item.

For more information on  valuable property insurance coverage in Rhode Island, please contact OceanPoint insurance today! 

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Whether due to old age, mental or physical illness, or injury, many people find themselves in need of assistance with basic everyday activities. As we age, it is important to have a plan in place in the event that we are no longer able to care for ourselves. When the need for long-term care arises, long-term care insurance can help with the potentially devastating emotional and financial toll that can result.

Long-term care insurance helps with the expense of assisted living or nursing home and even an in-home care professional. When you or someone you love suddenly need help with getting out of bed, bathing, cooking, crossing the room, and shopping for groceries, the expenses that come with having to pay someone to assist you can add up quickly. If you need long-term care services and have to pay to obtain them, do you have the financial resources to cover it?

There is a common misconception that your health insurance will cover long-term care. However, neither your health insurance nor Medicare will pay for this expense. The longer you wait to purchase long-term care insurance the more costly it becomes. Because it is based on your age and health status, the sooner you make the investment in long-term care insurance the better your rates will be.

It is important that you make the investment in long-term care insurance to lift the burden of care from yourself and your loved ones. It is also crucial that you consider what would happen if you were not prepared or were unable to care for an elderly parent. Give yourself and your family a peace of mind knowing that you will be covered if the need for long-term care arises.

Call OceanPoint Insurance today at 847-5200, for more information on long-term care insurance.

Life insurance is one of the most important investments you will make during your lifetime. If the unexpected were to happen, life insurance will help protect those who depend on you for financial support. Life insurance will provide your loved ones with a source of income, and can help cover medical, legal, and funeral costs. Give yourself and your family peace of mind knowing they will be able to continue living comfortably and won’t have to worry about daily living expenses.

As with all types of insurance, there are a number of different options for coverage. The two major categories life insurance falls into are Term Life Insurance and Whole Life Insurance. Here is a brief explanation of each policy:

Term Life Insurance is designed to meet temporary needs. Term policies are purchased for a certain amount of time such as 10, 15, or 20 years and if the insured person dies during this period, a beneficiary will receive the dollar value of the policy. This is the most inexpensive form of life insurance because there are no cash values or dividends.

Whole Life Insurance provides you with coverage for your entire life. When you purchase a Whole Life Insurance policy, your premium is guaranteed to never increase, there are cash values, and some companies pay policyholders’ dividends. The cost is higher, but it is considered more effective for estate planning.

Universal Life Insurance provides permanent insurance protection and access to cash values that grow tax-deferred. A Universal Life policy allows for more flexibility where you are able to adjust the frequency and amount of your premiums.

A Variable Life Insurance policy offers more investment options than a universal policy. In addition to permanent life insurance, a Variable Life policy allows you to make investments that can help you accumulate money for your future needs.

Many times the conversation about life insurance is put off. In order to ensure your family’s financial security in the event of your passing, it is crucial you review all of your options. Call OceanPoint Insurance at 847-5200 to speak with an experienced agent about which option is best for you.