HALLOWEEN – AND A “HAUNTED HOUSE” … AND INSURANCE IMPLICATIONS

The Entrance to McKamey Manor (image credit: McKamey Manor)

Readers of this blog understand that Habig & Magoon Insurance Agency can find an insurance angle – a business of insurance angle – in almost any issue or aspect of society.

Indeed, insurance has an impact on … or is connected to … almost all that we do.

And, in that Habig & Magoon Insurance Agency, always independent and family owned, has been in business for close to 80 years, we have are familiar directly, or are aware of and educated on, just about every type of insurance event or circumstance.

It’s no surprise that we hunted down – for a Halloween post – stories and information on holiday and its ties and relevance to insurance.

If you click here you will be taken to a story that posted today at Fast Company, titled, “Running A Haunted House is Scarier Than You Think.”

Written by KC Ifeanyi, the article tells the story of Russ McKamey and his challenges and tribulations in running the famed and notorious haunted house, McKamey Manor, in San Diego, which subjects visitors to the intense form of scary

Yes, if you venture into McCamey Manor you could, among other frightening experiences, get tied up, or dunked in a tank of eels, or both – and then there are the hands that grab you.

Here is an excerpt from the article:

Before stepping foot inside [McKamey Manor], participants are required to sign a 10-page waiver, have notes from a doctor and a psychiatrist assuring peak physical and mental health, and they must go through a thorough background check. And even if someone successfully checks everything off McKamey’s laundry list, there’s still a slim-to-none chance that person will ever go through the manor because according to McKamey’s last count, the waiting list is 27,000-people deep.”

So, as you can see, Mr. McKamey is keenly and highly focused on liability, and protecting himself against lawsuits.

In fact, one of Mr. McKamey’s operating expenses – as explained in the article is spending “somewhere between $15,000-20,000 per year on specialty insurance from Lloyd’s of London.”

That specialty insurance policy is a smart investment, believe us – and we feel the more you will agree the more you learn about McKamey Manor (we encourage you to conduct a web search of the term “McKamey Manor”).

Happy Halloween!!

COMMONLY HELD MYTHS ABOUT INSURANCE

October 30, 2014

Habig & Magoon Insurance Agency – always family owned and serving the people of southeastern Massachusetts for close to 80 years – knows that life for so many is tremendously busy.

There are not enough hours in the day.

We keep this in mind, and we understand that an important benefit we provide our customers is to simplify the insurance selection process, and to provide our customers peace of mind and strong confidence in that the insurance coverage that they have is the right coverage purchased at a fair and valued price.

We also recognize that for those whose vocation is not insurance … amid the avalanche of messaging and information flow encountered every day … it is easy to accept as facts about insurance that aren’t actually fact … that aren’t accurate.

Habig & Magoon Insurance Agency discovered an interesting story, titled, “Here are the top 10 myths in Insurance,” published this past Monday in the insurance agency magazine PropertyCasualty360.

Below, excerpted from the story, are the titles of four of those myths that are discussed:

• “I should buy insurance coverage for my house based on its real estate market value.”
• “If I cause a crash with extensive damage to others, my auto insurance company can cancel me immediately.”
• “Thieves prefer to steal new cars.”
• “The Affordable Care Act requires me to take the health insurance plan offered by my employer.”

Please click here to be taken to the full article, which includes the six other myths, and information that corrects the myth and informs helpful consumer choice.

In working with customers and potential customers, Habig & Magoon Insurance agency always strives to inform, educate, and provide the most helpful and valuable advice.