Contact: (217) 355 9075 - Address: 702 Bloomington Road. Suite 205. Champaign, IL 61822 - Email:

If you are buying your first home or just shopping for new insurance for your Illinois home in 2018, here are a few tips for you to consider while shopping.

House keys


  • Make sure you understand the replacement cost of your home-  This is the cost to rebuild your home from the ground up in the event of a total loss.  The amount your paid for your home and market value are not the same as the replacement cost since a part of the value of your property is in the land and insurance doesn’t cover the dirt.  It is not possible to know exactly what the replacement cost is, but we can help you get as accurate as possible.


  • Research companies-  Make sure you not only look at the overall cost, but the coverage included on your home insurance to make sure you’re not underinsured.  We are set up to use over 10 top rated insurance companies to find the best insurance that fits your personal or business needs.  Comparing apples to apples is important when looking at the cost for different coverage offered.


  • Look past the ultra basic home insurance policies-  Some policies offer the most basic coverage for listed perils (possible cause of a loss) while others offer coverage for almost everything.  HO-3, HO-5, DP-3 are all different forms used for home insurance and all come with drastically different coverage and prices.  Speak with us to make sure you have the proper coverage.


  • Update your home policy annually-  Whenever you do upgrades, additions, or any major renovations to your home, make sure you are updating your agent as well so the increase in value and associated cost to rebuild are factored into your replacement cost calculator.  This helps us ensure you are insured for the right amount when and if you have a claim.


  • Save money by bundling your insurance-  Most large companies that we work with offer discounts of 10-30% for bundling your home and auto policies together.  There is a real incentive financially for the consumer to bundle with one company.  Travelers, MetLife, Encompass, Progressive, Safeco, State Auto, and many others offer this multi-policy discount which can save you big money!

Call us today at 217-355-9075 to see how we can help you with your home, auto, life, or business insurance.  Happy 2018 and Happy House Hunting!

There are so many misconceptions out there about insurance is really boggles my mind sometimes.  I'm sure you have all run into a banker, car dealer, co-worker, neighbor or family member who suddenly became an expert at insurance and have told you some of these myths. Well I'm hear to debunk some of the more popular Insurance Myths and allow You to be the Myth-Buster the next time somebody is telling you one of these insurance falsehoods. 

Myth #1 -The Color of my car can make my rate higher

red car

It doesn't matter whether your car is “Look at Me Officer Red” or “Hide In Plain Sight White”—the color doesn’t actually factor into your auto insurance costs. The price of your car insurance is based on many factors, such as car make, model, body type, engine size and the age of the vehicle, as well as the car’s sticker price, the cost to repair it, its overall safety record and the likelihood of theft. Insurers also take into account the age, driving record and sometimes the credit history of the driver. An Insurance Agent should never ask the color of your car to help determine your rate.

Myth #2 - If your car is a total loss in an accident, you're off the hook for car payments

car accident

Your cars' value can depreciate quickly and many times people owe more on their car than it's worth. However, the insurance company is only obligated to pay you the current value of the car if it is a total loss and the amount you still owe on the car is an entirely different matter. I've seen this happen too many times and it always breaks my heart. There is some coverage that can help you in a time like this called GAP coverage that will pay off the balance of your car loan in the event your car is totaled an you owe more than it's worth. You can buy it at the dealership or this coverage is even offered by some insurance companies as an optional coverage. When you buy your next car please buy GAP coverage at the dealership or from your agent!

Myth #3 - A More Expensive Car costs more to Insure 

This is not always true. Car Insurance companies look at the Prior Loss Experience of your vehicle, meaning how many claims they have paid on that model to help determine your rate. They are also looking at how much it will cost to repair your car, not necessarily the sales price. In fact some of the least expensive cars are among the most costly to insure! The Ford Focus, Chevy Aveo, etc. can cost more to insure than cars that cost 3X as much. The main reason for this is the repair cost. You car is more likely to be involved in an accident that causes minimal or moderate damage than an accident that would be a total loss. The best way for me to explain this is to look under the hood of one of these cars.

focus rs engine

When you look into the engine compartment you will see no daylight. Due to the size of these cars they are forced to squeeze everything into a very small space and some cars even have some vital components in the fender area. Now when you are in even a minor accident in one of these cars you can see how more of the car could be damaged. More Damage = More to Repair which = Higher cost to insure.

Some of the more expensive cars also have more safety features which also help to reduce the cost to insure those cars.

Car insurance companies look at the “loss history” of your vehicle–meaning how many claims they’ve paid on that model—along with how much it might cost to repair or replace your car, not  just it's sales price, when determining how much to charge you for collision and comprehensive coverage.

In fact, some mid-priced vehicles may have higher insurance premiums if they have a high loss history and cost more to repair than expensive ones.


Myth #4 - If your car damaged in an accident, your insurance will always cover a rental car

Rental reimbursement coverage does not automatically apply after an accident. As an optional coverage, it must be purchased separately. A common misconception is that auto insurance automatically covers the cost of a replacement rental car. In reality, you need to select this coverage and apply it to your auto policy. The cost is minimal to add this coverage, but when most people shop for insurance they leave off this important coverage in an effort to get the lowest price possible. 

Myth #5 - Homeowners Insurance only needs to cover the market value of your home

640px Craftsman House on Tacomas Hilltop

Many people think they are being cheated by the insurance company when their Dwelling Coverage on their Homeowners policy is greater than the Market Value. The Dwelling Coverage is not how much your home is worth, it is how much the insurance company estimates it would cost to rebuild your home. The cost to totally rebuild your home is usually much more than its market value. You’ll need to consider today’s construction and labor costs when thinking about homeowner’s insurance. This coverage also typically includes debris removal which can be quite expensive. 

Myth #6 - Your Landlords policy covers your stuff

Your Landlord does have a policy on his building, but it offers no coverage for the tenants of the home/dwelling. While the building owner’s insurance policy should cover the structure, typically, you’ll need renter’s insurance to cover your personal belongings. For example, if there is a fire, your landlord’s insurance would help cover structural damage and your renter’s policy would help you replace personal belongings that are lost or damaged. Renters policies are very inexpensive in most cases and be as low as $125 a year.

Myth #7 - My Insurance company will cover a new roof when it comes time to replace it


No they will not. Many people confuse their insurance policy with a Home Maintenance or Home Warranty Policy. The insurance policy is for Sudden/Accidental/Unforseen losses. If your roof is nearing the end of it's usefull life and it's time to replace it, this is a Maintenance issue and not a sudden or accidental loss that your policy covers.

Myth #8 - I don't need to list my teenage driver on my car insurance policy

texting teen

Oh boy this is a real can of worms or Pandora's Box.  Probably the most dangerous myth out there in the insurance marketplace. Why do you ask? Mostly because there are actually insurance agents out there who tell their customers this in an effort to keep the customer.  So let’s take a minute and break this down easily so everyone can understand why this is indeed a myth:

  1. By not putting your teenage driver/other driver in household on the policy you are opening yourself up to a potential declination of a claim.
  2. By not putting your teenage driver/other drivers in the household on the policy you are risking a cancellation from your insurance company if they should find out you had undisclosed drivers in the household.
  3. By not putting your teenage driver/other drivers in the household on your auto insurance policy you are running the risk of a premium back charge (when an insurance company can charge you in arrears for the amount of time they should have been listed on the policy)

I know adding a teenage driver can be expensive, but don't risk everything you own and even your future earnings. If they live in your household and drive you need to consult your Independant Insurance Agent  promptly to make sure adequate coverage is in place.

Myth #9 - If another person drives my car, their insurance will cover the damages from any accident

car accident 2

If you give someone permission to drive your car and that person has an accident, it will be your insurance and not your friends insurance that would be first up to cover the damages.  In most policies, the auto insurance policy covering the vehicle is considered the primary insurance. This means that the car owner’s insurance company must pay for damages caused by an accident, regardless of who is driving. So make sure you understand the policy before allowing another person to drive your car.


Myth #10 - If I paid my speeding ticket, it won't show up on my driving record

speeding ticket

In the State of Illinois there are two ways a speeding ticket can be completely removed from your record.

  1. You go to defensive driving school
  2. You fight the ticket in court and a judge dismisses it

If you pay the speeding ticket it is an admission of guilt and boom… it’s on your record. You might as well tell your insurance agent, because they will find it typically both when trying to write you a new policy and even at your renewal of your existing one. I have people call and tell me their ticket is not supposed to be on their record, but whatever comes back on your MVR (motor vehicle report) is what the agent must use when factoring your rate. If you have a ticket that was supposed to be removed but was not, you'll need to contact the Secretary of State's office to address the issue. As an Insurance Agent I have no power or capabilities to expunge it from your record. 


Myth #11 - My personal car insurance covers both person and business use of my car

pizza car

If you are self-employed and use your vehicle for business purposes, personal auto insurance may not protect you so it’s important to purchase business vehicle insurance. This includes Pizza or Food delivery, Uber and Lift. Your personal car insurance only covers you for personal use, once money changes hands and it becomes a business transaction and will most likely void your coverage.

Myth #12 - You only need the minimum amount of liability insurance that is required by law

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Almost every state requires you to buy a minimum amount of auto liability coverage but buying only the minimum amount of liability (in Illinois the minimum is $25,000 per person and $50,000 per accident) means you are likely to pay more out-of-pocket for losses incurred after an accident—and those costs may be steep. The insurance industry and consumer groups generally recommend a minimum of $100,000 of bodily injury protection per person and $300,000 per accident. The price difference between minimum limits and higher limits isn't very much. Ask you agent to give you the price breakdown for other coverage options to see for yourself. If you have substantial personal financial assets to protect in the event of a lawsuit, you may even want to consider an umbrella liability policy. 


Myth #13 - I Can Save Money on Insurance if I don't use an agent



You won't save any money if you don't use an agent. Some companies who try and sell you insurance directly will tell you to "Eliminate The Middle Man" and save $$$. Doing this won't save you any money. Insurance Agents are paid by the Insurance Company and not the policy holder. The Direct Insurance Company is paying the person who is helping you with your insurance online or at the call center too. They don't magically have a lower price because you are dealing with them directly. Your best bet is to work with an Independant Agent "or Broker". They will be able to shop your insurance with multiple companies to find you the best combination of price and coverage for your situation...All of this at NO CHARGE to you!


There you have it, a Bakers Dozen of Insurance Myths Busted! if you have questions or need help with Illinois Insurance Program. Contact us at the Rueck Insurance Agency at 217-355-9075 and let us work for you!



House Handshake

So, you have wisely decided to transfer your home insurance to Rueck Insurance and your mortgage company pays your homeowners insurance through an escrow account.  Here are the steps to make this move as simple as possible:

Step 1.  –  Start your new policy with us.

Step 2.  –  Submit your new insurance policy to your current mortgage company and/or call the mortgage company to provide verbal authorization of the change to your home insurance.  This allows them to pay for your new policy out of your escrow account.

Step 3.  –  Cancel the old policy with your prior insurance company effective the same date as your new policy starts to avoid a lapse in coverage.

Step 4.  –  Forward any pro-rated money refunded to you by your old insurance company to your mortgage company to put back into your escrow account.  This will keep your mortgage payments from increasing unnecessarily because you have a shortage in your escrow account.

As always, ask questions if you have ‘em! 

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About Us

Rueck Insurance is your independent, one-stop insurance center for all your personal and business insurance needs in Illinois. Insurance shopping is easy when the Protection Team provides you with multiple quotes to choose from. You will always know you are getting the best coverage at the lowest possible price.

Contact Info

Rueck Insurance is your independent, one-stop insurance center for all your personal and business insurance needs in Illinois.

702 Bloomington Rd#205
    Champaign, Illnois
(217) 355-9075

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