Ohio Insurance Agents Association Recognizes Wallace & Turner with Community Service Award

Ohio Insurance Agents Association (OIA) recognized Wallace & Turner as the recipient of the Community Service Award 2024. The award honors an independent insurance agent or agency that has provided extraordinary service within their community. This is defined by demonstrating commitment to their local neighbors by going above and beyond in volunteering time and enthusiasm to causes close to their heart.

OIA acknowledged Wallace & Turner for living by the agency motto "Take care of the community, and they'll take care of you” by expanding our impact across education, hunger relief, the arts and environmental stewardship. Some examples of this include Wallace & Turner’s longtime support of Second Harvest Food Bank of Clark, Champaign & Logan Counties through grants and events like the Empty Bowls fundraiser; backing initiatives such as Clark State Community College’s Champaign City Scholars program and Catholic Central School’s Emerald Evening Auction, helping to raise over $7 million for school expansions.

Each year, the recipient of the Community Service Award selects a charity to receive a donation in the amount of $2,500 from OIA on their behalf. Wallace & Turner selected Project Woman, a nationally accredited non-profit domestic violence and crisis center in Springfield, Ohio to receive that donation.

Patrick Field Honored with Second Harvest Food Bank "Patrick Field Volunteer of the Year Award"

Wallace & Turner President Patrick Field was honored with the Second Harvest Food Bank of Clark, Champaign & Logan Counties “Patrick Field Volunteer of the Year Award” in recognition of his leadership, stewardship and strong commitment to volunteerism within our community.

Patrick has been a Second Harvest Board member for the past six years and will be retiring from the Board at the end of December 2024. Looking back on Patrick's time with Second Harvest, one of his most impactful contributions was serving as a key member of the Board during the organization's transition from Catholic Charities to an independent 501(c)(3) nonprofit. Patrick was an integral part of this success!

His impact has left a lasting mark on Second Harvest and the organization will continue to honor his legacy by annually recognizing an outstanding community volunteer.

Sewer Backup Risks During the Holidays

Myles Trempe - Producer

Sewer backups are a common and often costly problem during the holiday season. Contributing factors include overloading drains with food debris (especially leftover grease) or excessive use of the plumbing system by visiting guests. In addition, certain regions are entering rainy season as the dry, sunny months of September through early November have come to a close—an increased risk for sewer backups or sump pump failures.

Sewer backups can occur for a variety of reasons, including clogged pipes, heavy rainfall, or faulty drainage systems. During the holidays, the additional strain on plumbing systems can also contribute to these issues. 

Sewer backup is typically defined as water that backs up or overflows from a sewer, drain, or sump pump. If this coverage isn’t included in your policy, you may find yourself without protection when a sewer backup occurs.

Water Backup Insurance

Water backup insurance can help cover the costs of repairing damage to your home caused by sewer, septic, or drain backups. It can also pay to replace damaged property, such as flooring, furniture, and personal items. This coverage is typically purchased as an endorsement to your existing policy, often in increments of $5,000. Homeowners with finished basements face the greatest risk and may want to consider higher coverage limits to ensure adequate protection.

Questions about water backup insurance? Contact Wallace & Turner at 937-324-8492 or info@wtins.com.

We Are Hiring! Commercial Insurance Account Manager

Are you a problem-solver with an aptitude in insurance and commercial account management? Wallace & Turner is seeking a Commercial Insurance Account Manager with exceptional skills in client service and strong insurance product knowledge to maintain and develop our customer base.

Responsibilities and Duties:

As an Account Manager, you will:

• Manage a portfolio of clients' insurance coverage policies.

• Handle renewal process and policy modifications.

• Establish and maintain strong relationships with clients.

• Identify the needs of clients and recommend appropriate insurance solutions.

• Navigate insurance carrier technology sites to quote and issue policies.

• Develop relationships with our carrier partners and underwriters.

• Follow and adhere to set process and workflows.

Qualifications and Skills:

Candidates must possess the following:

• A minimum of two years’ experience as a commercial insurance account manager or a similar role.

• Proficient understanding of the insurance industry and products.

• Excellent negotiation and customer service skills.

• Ability to work in a fast-paced environment.

• Significant computer skills and the ability to educate clients on digital tools and features.

• Certifications such as Certified Insurance Service Representative (CISR) or Certified Insurance Counselor (CIC) are a plus.

  Additional Requirements:

• This role requires a valid insurance license.

Submit your resume to: info (at) WTins.com

Wallace & Turner Participates in United Way of Clark, Champaign & Madison Counties 2025 Workplace Campaign

Every year, millions of employees get involved in workplace-giving campaigns to support local United Way solutions that improve education, financial stability and health. Wallace & Turner is proud to once again participate in the United Way of Clark, Champaign & Madison Counties 2025 Workplace Campaign.

The United Way Workplace Campaign unites employees in all offices or branches of a company, and gives them an opportunity to donate, volunteer and speak out for causes that matter to them. You can see the results in your own backyard, even as you're part of a larger mission to affect change worldwide.

The Workforce Campaign is about more than raising money for worthy causes; it also strengthens connections between employees and their community.

If your business is inspired to bring people together, please contact hbrennan (@) uwccmc.org to learn how to host a workplace campaign and make a meaningful impact. Learn more here.

Otto Larson Presents to Clark County Bar Association

Partner Otto Larson presented “Lines of Insurance and How They Affect Your Clients” to the Clark County Bar Association on November 7, 2024. His talked examined a range of coverage lines, including property, general liability, cyber and data, crime, and more. Otto also explained available risk management solutions such as OSHA compliance, claims management, risk financing and human resources management. A lively discussion ensued around current trends and hot topics as well as claim examples like failure to perform, metal theft and social engineering fraud. Attendees received 1.5 hours of CLE credits.

If you’re interested in a presentation for your organization, contact Otto at (937) 324-8492 Ext: 145 or OLarson@WTins.com

Greater Springfield Association of Fundraising Professionals Recognizes Wallace & Turner with Outstanding Philanthropic Business Award

In recognition of Wallace & Turner’s exceptional dedication and contributions to the community, our agency has been honored with the Greater Springfield Association of Fundraising Professionals (GSAFP) “Outstanding Philanthropic Business Award.” GSAFP noted that Wallace & Turner’s contributions to the community go beyond just providing coverage – the agency actively invests in local causes, supports charitable events and fosters personal relationships. This has earned Wallace & Turner a reputation as a trusted agency that cares about the well-being and prosperity of area residents.

The prestigious National Philanthropy Day awards were presented on November 14, 2024, at the Ohio Masonic Communities Festival Green Clubhouse in Springfield from 12:00 PM to 1:30 PM. Tickets sales support the Association of Fundraising Professionals membership scholarships and GSAFP professional development opportunities for the nonprofit community throughout the year.

GSAFP is a dedicated group of professionals committed to advancing philanthropy by promoting ethical and effective fundraising practices in the Greater Springfield community. GSAFP provides networking opportunities, educational resources, and recognition for outstanding contributions to philanthropy.

Do You Need Insurance With a Learner's Permit? U.S. News & World Report Interviews Deece Catanzaro

Deece Catanzaro - Producer

Even with a learner’s permit, you are required to have car insurance in most states. Typically, a learner's permit driver can be added to a household member's existing policy, but they may need to purchase their own policy. In an interview with U.S. News & World Report, Producer Deece Catanzaro explained the factors that determine how much car insurance a permit driver needs and coverage costs.

A car insurance policy must meet state minimum liability insurance requirements; however, a permit driver may consider purchasing more than the minimum required. 

“Given the rising costs of medical care and emergency services, it’s advisable to carry higher [than the minimum] limits,” Deece commented. “For example, a care flight can cost around $30,000, which can quickly exceed a $25,000 per-person limit, leaving additional expenses to be paid out of pocket – potentially leading to financial strain or bankruptcy for many individuals.”

The exact cost of coverage for a driver with a learner’s permit will depend on the driver’s age, permanent residence, type of car and more.  

“There are a lot of factors that go into setting the rate,” Catanzaro said. “However, if all other things are equal, if a person with the same driving record and insurance score from the same city elects to have the same policy limits, the permit driver will likely pay a higher premium than the licensed driver."

Read the full article here.

Questions about adding a permit driver to your policy or obtaining separate coverage? Contact Wallace & Turner at 937-324-8492 or text us 937-918-7632.

Wallace & Turner Launches New Text Line for Policyholders: 937-918-7632

We are excited to announce the launch of our new dedicated text line – 937-918-7632 – making it easier than ever for you to reach us for all your insurance needs!

Whether you have questions, need to make policy changes, send photos for claims or any other general correspondence, you can now text us directly.

This text line is designed to provide a seamless and efficient way for you to connect with us 24/7. We look forward to serving you with this added convenience!

How Does Your Credit Score Affect Your Car Insurance Rate? Fox Money Interviews Otto Larson

Otto Larson, Vice President & Partner

Insurers in certain states use a credit-based insurance score (CBIS) to approve or deny auto insurance policy applications, renew existing policies and set rates for customers. In an interview with Fox Business – Money, Partner Otto Larson explained how credit-based insurance scores are used to set rates and why your score is not the only factor that impacts how much you pay.  

“The idea is that a person with better credit is essentially more financially responsible, and that may be correlated to safer driving and fewer insurance claims,” said Otto.

While credit-based insurance scores may be weighed heavily by some companies, they may be less of a factor elsewhere.

“Each company has its own pricing model,” Otto added. “Credit is not the sole factor. There are more variables that go into car insurance pricing.”

When insurance companies review credit, this is considered a “soft” inquiry. Otto noted that people shouldn’t have to worry about that hurting their score.

Read the full story here.

Questions about car insurance coverage? Contact Wallace & Turner at 937-324-8492 or info@WTins.com

What is Actual Cash Value When Talking About Car Insurance? Otto Larson Interviewed by Fox Money

Otto Larson - Vice President & Partner

A vehicle’s actual cash value (ACV) represents how much it is worth given its current age and condition in today’s market, including depreciation. If you’re in an accident and your car is totaled, your insurer will only reimburse the ACV of your vehicle, not the original price you paid for it.

In an interview with Fox Money, Partner Otto Larson explained the difference between a car’s ACV and its replacement cost; how the ACV is calculated in car insurance and if you can negotiate an ACV settlement with your insurer.

“Most vehicle insurance policies are written on an actual cash value basis and there are several factors that car insurance companies use to calculate ACV,” Otto said. “Some of these may include the make and model, age, mileage, condition, interior and exterior features, and location.”

If your car is totaled, the vehicle’s replacement value is the amount you would need to buy a new car of the same make and model and with similar features. The actual cash value is often significantly less. If you don’t think the ACV assigned by your insurer is correct, you can negotiate that amount as part of the loss adjustment process.

“The customer may have additional details about the vehicle that the insurer is unaware of,” Otto commented. “For instance, you may have added aftermarket parts that increase the value.”

Read the full story here.

Questions about car insurance coverage? Contact Wallace & Turner at 937-324-8492 or info@WTins.com

Night at the Scare-itage Center - Wallace & Turner Sponsors Clark County Historical Society at the Heritage Center Event

Wallace & Turner was proud to sponsor Clark County Historical Society’s Night at the Scare-itage Center on September 28 featuring an evening of eerie tours, where history came to life through the voices of historical figures sharing true, spooky, sad, and strange tales.

The Clark County Historical Society collects, preserves and interprets resources which provide understanding and appreciation of Clark County’s heritage, and to relate the community’s past to the present and its future.

Wallace & Turner Sponsors Community Health Foundation Health Expo '24

Community Health Foundation will offer the community resources for healthy living and wellness at the Health Expo ’24. The FREE event will feature:

• FREE health screenings

• Local health and wellness providers

• More than 50 exhibits

• Stage demonstrations

• Refreshments

• Interactive, informative fun for all ages

The Health Expo ’24 is being held Wednesday, October 9, 2024, from 4:00-6:00 pm at Hollenbeck Bayley Conference Center, 275 S. Limestone Street in downtown Springfield.

Wallace & Turner is proud to once again sponsor this event. Learn more here.

Wallace & Turner Sponsors 10th Annual Donald Lee Memorial Golf Scramble

Wallace & Turner was proud to sponsor the 10th Annual Donald Lee Memorial golf outing, Box 27 Associates’ annual fundraiser which provides ongoing support to the Springfield Fire and Rescue Division and Springfield Police Division. Box 27 Associates is an all-volunteer group of men and women supporting local first responder organizations.

The event was held at National Links Golf Course in South Charleston, OH on September 21, 2024, with prizes for longest drive and closest to the pin as well as a luncheon and raffle/auction.

How to Choose a Car Insurance Company and Get the Best Coverage - MoneyGeek Interviews Myles Trempe

Producer Myles Trempe

In an interview with MoneyGeek, Producer Myles Trempe discussed key things to consider when choosing a car insurance company; how individuals can assess how much coverage they’ll need; and strategies to get the best possible quote.

“When selecting a car insurance company, of course price and coverage are essential, but you also want to work with someone reputable who can actually help you with a claim,” Myles commented. “Factors such as financial strength of the company, customer experience and service, and expertise should be a consideration.”

He added that ideally, you should talk with an insurance agent who can explain policy language, coverage options and costs, noting agents can also identify discounts you may not be aware of. “Because independent insurance agents work with a variety of companies, they can find a policy that fits your needs and budget,” he said.

Read the full interview here.

Questions about purchasing car insurance coverage? Contact us at 937-324-8492 or info@WTins.com.

Otto Larson and Mary Jo Leventhal Celebrate 20-Year Certified Insurance Counselor Designation

The Risk & Insurance Education Alliance has recognized Partner Otto Larson and Director of Operations & Business Development Mary Jo Leventhal for 20 years as a Certified Insurance Counselor (CIC)! The Certified Insurance Counselor program is a highly respected, national insurance professional designation for agency owners, producers, agents, CSR’s, brokers, and insurance company personnel. The CIC designation demonstrates the insurance professional’s expertise and commitment to continuing education and their career industry.

Transitioning Out of Employer-Sponsored Health Insurance? Don't Overspend!

Colleen Corrigan 

937-505-1527

ccorrigan@wtlifehealth.com

Upon leaving an employer, whether from retirement, layoff, etc., it’s wise for employees to compare individual health plans to those of COBRA. Although COBRA allows employees to keep the existing health plan benefits, it can come at a hefty cost.

Individual plans can be a competitive price solution to COBRA, while also providing potentially similar benefits. While COBRA typically only lasts 18 months, individual plans can begin within 60 days of losing employer group coverage. Plus, Wallace & Turner can assist with renewing these offerings year after year.

Who Wallace & Turner helps:

• Individuals without employer health coverage 

• Individuals looking for COBRA alternatives 

• 1099 independent contractors 

• Bridging a gap before Medicare eligibility 

• Part-time or seasonal workers 

• Spouse of someone on Medicare

• Dependent children

If you’re researching coverage options upon losing employer coverage, we can schedule a phone or in-person consultation to help you understand your choices. We conduct research on your behalf to find coverage options that include preferred doctors, prescriptions and benefits that align with your needs and budget. Additionally, we help with the enrollment process from start to finish, and all of this is at no cost to employees or employers!

Contact our Health Department to assist with determining the right plan for you and your family.

Wallace & Turner Sponsors Hasting Farm Fest Benefiting Second Harvest Food Bank of Clark, Champaign & Logan Counties

Hasting Farm Fest is a country music and community festival supporting Second Harvest Food Bank of Clark, Champaign & Logan Counties and other local agricultural initiatives, while spotlighting national and local musicians and hit songwriters, as well as celebrating the area’s agricultural heritage. Wallace & Turner is proud to sponsor the 2024 event.

HFF features music, camping/glamping, VIP experiences, truck tailgating, family-friendly activities, local artisans, vendors, food trucks, equipment displays, veteran recognition, community organizations and much more.

DATES/LOCATIONS:

September 27, 2024: Hasting Farm Fest VIP Event: HFF presents Meet Music Row Nashville Hit Songwriter Night, 7-10:00 pm, at Mother Stewart’s Brewing, 102 W. Columbia St., Springfield, OH 45502

September 28, 2024: Hasting Farm Fest: 12:00 pm –9:00 pm, at the Clark County Fairgrounds, 4401 So. Charleston Pk. (State Rt. 41), Springfield, OH 45505, at the Grandstand area.

Learn more and get tickets here.

Independent Agent Magazine Features Colleen Corrigan in Life Insurance Q&A

Colleen Corrigan - Life & Health Agent

Life & Health Agent Colleen Corrigan was interviewed by Independent Agent Magazine for its From the Front Lines: Life feature. Colleen discussed how she got started in life insurance, trends and challenges in the market, and her advice for fellow agents.

When asked about where the life insurance industry is headed, Colleen noted that technology is a huge component, and its impact is only growing particularly with the introduction of artificial intelligence (AI).

“While there are benefits to technology, it can also take out the human component which is a detriment to the individual seeking out life insurance,” Colleen commented. “The individual can lose out on the connection, assistance and knowledge an agent can provide such as a direct line of communication with underwriters.”

Read the full interview here. (Subscription required)

Junior Achievement Golf Classic 2024 - Wallace & Turner Serves as Putting Green Sponsor

Enjoy a great round of golf on Reid Golf Course’s beautiful North Course and have a chance to win prizes all while supporting Junior Achievement - every $250 raised supports one classroom!

Wallace & Turner is proud to be the Putting Green Sponsor for the 2024 Junior Achievement Golf Classic - Mad River Region being held Friday, August 23, 2024.

Event Schedule
9:00 am Registration
10:00 am Shotgun Start
12:00 pm Lunch
2:30 pm Awards

Learn more and register here.

Junior Achievement is a nonprofit organization that uses hands-on experiences to educate young people on entrepreneurship, financial literacy, and work readiness. In partnership with businesses and educators, Junior Achievement brings the real world to students, opening their minds to their potential and preparing them for the workplace.