Stop Overpaying For Insurance
Real Savings With Superior Coverage
At Shafer Insurance Agency, we understand that protecting your most valuable assets shouldn’t mean overpaying. That’s why we’ve created an easy-to-follow coverage comparison that demonstrates how we consistently help clients save money while offering enhanced protection.
By partnering with multiple top-rated carriers and tailoring policies to your specific needs, we deliver smarter premiums without sacrificing coverage quality. Below are two real-world case studies that show how we’ve helped policyholders reduce costs, increase protection—or both.
Case Study #1: Elevated Protection, Dramatically Lower Premiums
Situation:
- A homeowner insured with Liberty Mutual in Cincinnati was covering a $525,000 dwelling, $52,500 for other structures, $393,750 in personal property, loss-of-use, personal liability up to $500,000, and $5,000 in medical payments. Their deductible was $1,000, and their wind/hail deductible was $2,625. They also had $7,525 in jewelry coverage. Their annual premium came to $5,280.
- For auto, their policy included $500,000 liability, $5,000 medical payments, $500,000 uninsured motorist, a $500 comprehensive deductible, glass coverage, a $500 collision deductible, roadside assistance, and $30/$900 rental reimbursement. That premium was $4,647.
- They also carried personal articles coverage for the $7,525 in jewelry at a premium of $78, plus a personal umbrella policy for $2 million liability and $1 million excess uninsured motorist for $713—bringing their total annual premium to $9,927.
Shafer Agency Alternative:
- Upgraded dwelling to $750,000, other structures to $75,000, property to $562,500, added sinkhole and earthquake coverage, homeowners enhancements like guaranteed reconstruction, identity theft, equipment breakdown, water backup, service line protections, and personal cyber coverage.
- Premium dropped from $5,280 to $2,682, with many value-added enhancements.
- Auto enhancements included zero cost for full glass coverage and improved rental reimbursement ($50/1,500), reducing premium to $3,013 (or $2,790 if paid in full).
- The personal articles coverage stayed the same, costs remained $78.
- The umbrella policy remained $713.
Result: A dramatic savings. Total annual premium reduced from $9,927 to $6,591—a win-win of affordability and enhanced protection.
Case Study #2: High-Value Property With Better Risk Management
Situation:
- Another Cincinnati client’s homeowners policy included: $2.5 million dwelling, $250,000 other structures, $1.82 million personal property, 24-month loss-of-use coverage, $500,000 personal liability, $25,000 medical payments, $5,000 deductible, $137,298 jewelry, earthquake coverage (with a masonry veneer exclusion), sinkhole coverage, $20,000 service line, guaranteed replacement cost, and $25,000 water backup—priced at $9,495 annually.
- Their auto policy covered a 2025 BMW X5, 2024 Ford Bronco, and 2021 Ram 1500 with $500,000 liability, $10,000 medical payments, $500,000 uninsured motorist, $1,000 comprehensive/collision deductibles, roadside assistance, rental reimbursement ($50/$1,500)—priced at $8,785.
- An umbrella policy provided $5 million excess liability and $2 million excess uninsured motorist for $1,486.
Shafer Agency Alternative:
- Increased dwelling to $2.9 million, other structures to $450,000, property to $1.74 million, added actual loss-of-use, wind/hail deductible dropped to $29,000, jewelry coverage ($1,288), earthquake without the veneer exclusion ($1,305), full water backup, improved service line, identity theft, personal cyber coverage ($203).
- Homeowners premium increased to $12,305.
- Auto enhancements; $0 full glass coverage, better rental reimbursement ($15,000), Capstone Auto Endorsement for $940 pushed premium slightly higher to $8,865.
- Umbrella policy increased to $2,135.
Result: While the annual premium rose from $19,766 to $23,305, the enhancements represent significant value for high-net-worth clients seeking robust protection.
What Do These Examples Mean For You?
- Better Coverage Doesn’t Always Cost More: Even with added protections like sinkhole or identity theft coverage, tailored policies can lower overall premiums.
- Customization Matters: We tailor solutions—adding or removing coverage based on your unique risks and assets.
- Transparency Builds Trust: We show you exactly what you’re paying for—and how we’re reducing your risk.
- Strategic Upgrades Add Value: Higher coverage limits paired with smart endorsements often produce surprising savings or protections.
Many clients don’t realize how much coverage they’re missing—or how much they’re overpaying. Whether you’re looking to enhance protection or cut costs, our team is ready to guide you with strategic, custom solutions. Contact us today to explore your options.
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