GDI Insurance

It honestly started for me a few years ago.  2007 as the new economy hit I was looking for ways to help our clients take control of their fiances.  I was listening to the radio and Dave Ramsey was on talking about his Total Money Makeover Book.

I went ahead and ordered it, and read through it.  I then began giving copies of it out to clients I was helping with their financial plans.  Just good common sense stuff.

  A bit latter I read about getting a Dave Ramsey endorsement and applied for one. 

They interviewed us and found our concepts and thought were in line with how they believed insurance should be done.  The entire process took almost two years.  They are slow to endorse insurance agencies.  GDI is the only endorsed agency here in the central valley to offer Dave Ramsey Auto, or Dave Ramsey endorsed Home insurance.

Give us a call 888-991-2929.

Also make sure and check out the new program we put together to cover 20% of the market value of your new home.  Just click here:  Home Value Protection for more information.  The link will take you to another page on our website.  So it is a safe click!

Thank You

Grant Davis
GDI Insurance Agency, inc.

Where Grant Davis Should Be Announcing "Price Protection Plus"

 
What is Price Protection Plus?

 Price Protection Plus provides coverage against the loss in market value of your new home for up to 20% of the home’s value (based on the sale price to the home buyer at time of home purchase).  

In Short if you sell your home after 3 years and before the 8th year for less than you paid for it you can be reimbursed up to 20% of the price you paid for your home.   There are some limits.  Your reimbursement is limited to:
1. 20% of the original purchase price,
2.   Your actual loss after you sell your home between years 3 and 8. 
3.  The decline in the Case Shiller Index for your area.
What is the Plus, in Price Protection Plus?  As we thought of the risk a family faces buying a new home, we realized it is a great idea to make sure the value of the home isn’t lost, but what if someone loses their job?  Then what?  We added the Plus!  After 6 months if you lose your job we will pay $1,500 a month for up to 6 months to help you keep your home.  This is in addition to any unemployment you may receive.

 With a strong focus on the family that is buying a new home, in Oct of 2007  Grant Davis GDI Insurance began to put together a program to protect families from the potential losses they might face in todays new economy.  It has taken some tim e to arrange for a product to be backed by an A rated Insurance Company!     But we spent the time and money to develop our product and to get an A rated insurance company to back it.

I believe the reason people have stopped buying homes is that they are afraid that the market value of their home will drop after they buy it, or today even that they may lose their job. Losing your job for most Americans amounts to financial disaster!

It is my sincere hope that this new product will help families to feel confident once again to buy new homes, and help home builders build with confidence, and sell with confidence.
   Grant W Davis, President GDI Insurance.

GDI has made today the best time to buy a new home in the past 20 years! 

Here is a brief video overview of the program:

 

” Price Protection Plus and the involuntary unemployment program are provided to you by GDI  Insurance Agency and administered by cynoSure Financial, Inc. The obligations of cynoSure Financial, Inc. are backed by an insurance company rated “A” by A. M. Best. The IUP is not available in New York, Texas or Oregon. Please refer to Terms and Conditions of each product for more details.” 

Please contact us for full disclosure of all terms and conditions of our program.

Many times over my 32 years as an insurance broker I have been asked about the purpose and value of an AM Best Rating for an insurance company.   AM Best rates insurance companies based on the amount of money they have available to pay claims, as well as the management of the company.  Just like a school grade.  When you buy a home you have to give your bank proof of insurance from an “A” rated insurance company. 

So what does it mean when an insurance company is rated “B” or not rated at all?  Well since your lender wont accept anyone rated less than an “A” they feel there is a risk that the insurance company may not be able to fulfill its obligations.  In other words pay claims.  If there was not this risk than why wouldn’t a bank accept any insurance company?  If there was not a greater risk to you the home buyer why wouldn’t your bank allow you to send them proof of insurance from an unrated insurance company?

Would you buy your life insurance from a company that wasn’t rated?  Neither would or do I.

Here is the great news.  Since 2007 GDI has been working on a way to secure the market value of your new home.  So if you buy a home you don’t have to worry so much about it dropping in value.  We decided to do the extra work, spend the extra money to get our product backed by an “A” rated insurance company.  I have been asked why, since we could have had our product done in 2008 with a company rated less than “A”.  My simple answer was “I wouldn’t buy my insurance from a company rated less than “A” by am best unless I had no other choice. 

So to protect the families buying new homes we can cover the value of your home up  to 20%.  Click here to learn more!

 Have you considered a bond as an alternative to a letter of credit?

Types of Letters of Credit

There are two broad types of letters of credit (L/C):

 Commercial L/C – used as a means of paying sellers for goods purchased; both parties expect that the letter will be drawn upon

 Standby L/C – not expected to be drawn upon; used to support financial or performance obligations.

 When can a bond be used in place of a letter of credit?

Whenever a standby L/C is provided by a bank, there may be an opportunity to provide a surety bond in place of the letter of credit.

performance obligations

 workers compensation self insurers obligations

 security for appeals of a court decision

 international obligations

 What are the advantages of using a bond versus a letter of credit?

Credit Capacity: An L/C ties up the company’s credit capacity, thus reducing financial flexibility. Surety bonds are not credited against a company’s bank line.

Covenants: Banks may place restrictive covenants on the client in return for extending a bank line of credit, or they may require extensive financial reporting. Surety companies typically offer more flexibility.

Security: Banks may choose to take a security interest in the client’s assets. This security is required to be perfected through the filing of public documents (UCC filings) that publicize their secured lender status. A surety is generally an unsecured creditor. A UCC filing is rarely made.

Default Defenses: A bank L/C is a demand instrument; a surety bond typically is not. An L/C may be drawn down at any time, without any reason; the company has no defenses. With a surety bond, the surety requests proof of a company’s default from the obligee and works with the principal to identify defenses. This protects the principal from the obligee taking possession of the bond proceeds without merit.  This point can be made to either create a third party deffense, or to allow for the simple pass through transaction depending on the purpose of the LOC to assure the the porjects success.

Claim Handling: Travelers has a professional, dedicated claims staff available to handle disputes and to assist in the claim resolution process. Banks do not have a claims staff which requires a client to resolve disputes on its own.

Rates: L/C rates can be volatile. The L/C rate may include a commitment fee or utilization fee, as well as issuance fees, in addition to a stated rate. Surety rates tend to be stable and are directly tied to the credit quality of the  principal and to the types of obligations bonded. 

This is just one of the new concepts to enhance the credit worthyness of your projects.  Combined with GDI’s Copywritten Funds Control Program, risk management and propriotory insurance programs.  We are here to help you achieve and secure your dream!

You can count on us to do the job for you!  The best bonds, and experts in bonding!

What are you waiting for? Call GDI Insurance today! We will find you the best auto insurance, with the best coverage & lowest rates. Own a home? We can save you money each year on your homeowners insurance. We shop around to find you the best home insurance policy possible.

GDI offers the best insurance you can find, with service you can’t find anywhere else. Give us a call today and we’ll find the right policy for you.

Give Us A Call Toll Free: 888-991-2929

Finding a solution for Turlock’s homeless population is something that the city has tried to accomplish in the past, but requires the help and support of many. Recently I have been working closely with several groups to make this a reality. The Turlock Journal recently published this article about our efforts to build shelter for those who are homeless or afflicted with addictions to drugs or alcohol.

I have a vision for the shelter. The dream is to build a campus-style shelter in Turlock to house the homeless and serve those afflicted with addiction to drugs or alcohol. I believe Jesus has to step in to get this done, and prayer got this all going.

In the last few days my dream took a huge jump toward reality. We have secured a letter of intent to provide $1 million from LandPro Development, based in Minneapolis, to form a non-profit foundation and build a homeless shelter in Turlock.

Currently, I am working to close a large-scale, multi-billion dollar land development deal for LandPro at GDI Insurance. As part of the compensation from LandPro, we will divert the fees directly to the shelter, creating the foundation of a 501c non-profit.

I am envisioning a partnership with all the stakeholders. A shelter where organizations like We Care & Turlock Gospel Mission operate the facilities and care for the individuals who need help. We have great partners who will help build the facility, and GDI Insurance Agency will continue to actively seek funding for the shelter.

While $1 million dollars is a great start, in order to create a sustainable place that will help the Turlock community for many years to come, we will continue to seek ways to contribute to this effort. It is GDI’s goal to provide you the best insurance possible for your home, car, or business and we will continue to try and make Turlock the best place to live by finding solutions the community needs.

We will keep you updated on the developments of this exciting opportunity for GDI Insurance and our partners.

Local Businessman Finds Funding For Homeless Shelter - Turlock Journal November 5, 2011

Thats right 2 birthdays!  A huge happy birthday to Zac Jarvis GDI and Jennifer Dumag GDI.  Make sure to wish them a good one next time you speak.  Farmer Ted – Birthday

According to some studies, roughly as many as 80% of all Workers’ Compensation claims filed are legitimate; meaning that nearly 20% (1 in every 5 claims) contains some element of fraud. 

This is why it is important as an employer to watch for these red flags that may indicate fraudulent Workers’ Compensation, or other types of claims:

-    Filing multiple claims

-    Longer absences than anticipated by the employee, combined with an unwillingness to return to work

-    Unwillingness to be assigned to other, lighter jobs within the company or to complete partial duties

-    Constantly missing medical appointments

-    Employee will not provide date, time or location of the incident that caused injury

-    Employee has no recollection of services provided for related medical bills

-    Lack of witnesses to an accident or incident

-    Employee cannot produce specific information about the nature of the injury

-    Employee has a history of short-term employment

If any of these red flags occur, it by no means makes the claim automatically fraudulent – these are simply guidelines to keep employers proactively evaluating the legitimacy of a Workers’ Compensation claim.  These red flags are intended to keep Workers’ Compensation fraud, and many actions commonly associated with fraud at the forefront of an employer’s Workers’ Compensation management process.

For more information regarding the potential signs of Workers Compensation Fraud and how to manage your Workers’ Compensation program, Talk To The Experts at GDI Insurance Agency, Inc. by calling 888-991-2929.

Matthew Davis MBA, AAI

Thanks to all of our fans who came out and said hello this weekend at the Riverbank Wine and Cheese festival!  We had a great time and enjoyed meeting and educating our new friends!  Also, best of luck to those of you who entered to win a FREE iPod!

NO ONE gives away more free prizes than GDI Insurance!  Keep an eye on our Facebook and blog sites to find out where GDI’s Mobile Insurance Command Center will be next and what they will be giving away.  Who’s our next lucky winner?  Could be you!