Interview with Morgan Lloyd Insurance Agent with Trailstone Insurance Group About Protecting Homeowners from Natural Disasters

Insurance is an essential part of protecting families, especially resulting from natural disasters. Unfortunately many times homeowners discover too late that the are dramatically under-insured. Morgan Lloyd discusses his approach to bringing his customers options for their insurance.

Trailstone Insurance Group is an independent insurance agent that represents multiple insurance companies. They are not locked into just one insurance company, which allows them to find the best options for coverage and the best pricing available. There is no charge to use their service; the insurance carriers pay them.  

Listen to the interview on the Business Innovators Radio Network

Lloyd commented, “You will want to get a regularly updated Reconstruction Cost Estimate. Make sure that this is up to date and accurate. Get the maximum available dwelling replacement extension coverage. Make sure that you have sufficient ordinance and law coverage based on the age of your home. Ensure that you have enough loss of use coverage to provide housing for your family while you rebuild. You will want Actual Loss Sustained for 24 months or a dollar amount that would provide similar coverage. Make sure that you’re covered for 24 months. Many policies only cover 12 months.

Finally, do an accounting of your personal property and take pictures or videos of your possessions. This will be extremely valuable in the claims process. Make sure that you have enough coverage to replace these items, and make sure that you have “replacement cost contents” loss settlement for personal property on your insurance policy. Many policies will have “Actual Cash Value” loss settlement..”

Having access to over 40 insurance companies means when rates go up with one company, Trailstone has the ability to move their clients’ insurance to a better option…in fact, they have an entire department in their agency focused on just renewals and finding the best coverages!

About Morgan Lloyd

Morgan grew up on a small farm in Southeastern Ohio. After graduating high school, he booked a one-way ticket to Anchorage, Alaska, with vague ideas of making a fortune in the frontier. He discovered that the few thousand bucks he had saved from growing and selling melons wouldn’t go far in the real world and started roughing it and hitch-hiking. A few months later, he had made it as far as Mexico City when his money ran out, and he headed home. The seed that the trip had planted grew into years of adventures throughout the world, including working as a mountain guide in Peru and teaching English throughout East Asia and Latin America. In his mid-twenties, he met his wife Lancy and moved back to Ohio. While looking for jobs, he stumbled across an advertisement saying, “Tower Climbers Wanted.” he applied and got a call and a job offer a few months later. They climbed 400 feet in the air on the first day to change some bolts on an old tower, and he was hooked. He spent the next five years traveling around the United States while building, repairing, and decommissioning cell towers and equipment. Eventually, the constant wear and tear on my body took its toll, and he had to find something else to do for a living. Through a roundabout journey, this led him to the insurance industry! He is now an independent agent with Trailstone Insurance Group, focusing on helping people master the defensive portion of their financial strategy. He loves what he does and tries to treat every client like a friend.

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