Kaleb Peters has spent most of his life in Montrose, and now, as the new owner of the city's branch of Farmers Insurance, he has a business right on Main Street.
"We want to be in the community long-term," said Peters, who's excited to see old friends and meet new ones through the business.
After years of working for his family business here in town, Tire Dealers Warehouse, Peters' family sold the company. He left the warehouse around 2020 to raise his kids Reya and Rhys, now 6 and 4, but eventually felt it was time to return to the workplace.
And as fortune would have it, an opportunity to get back in business presented itself as Jesse Dryer put the Montrose insurance business up for sale.
Peters didn't know much about the industry before diving into it, but he had a long career in business to fall back on — and he was ready to learn.
He took over the location on May 1, after undergoing licensing and training with Farmers. At first, he was a little unsure about the insurance business, but the more he trained and learned, the more he liked it.
Four full-time staff employees stayed with the company located at 301 E. Main St., making it easy for Peters to transition. Now, his goal is to grow the business while continuing to help old clients, and he said anyone is welcome to stop in, say "Hi" and get a quote.
"We offer all kinds of insurance other than health insurance," he said. "So we do auto, homeowners, specialty insurance for things like motorcycles, boats, four-wheelers, campers, business insurance, life insurance. We also do financial services."
Sun Life U.S. annual high-cost claims report shows 45% increase of million-dollar+ claims
4 Surprising Things Homeowners Insurance Covers
Advisor News
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
- Bank of America community event unpacks sales tax hike, small business struggles
- CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
- How executive benefits impact an estate plan
More Advisor NewsAnnuity News
- State Farm’s agency overhaul: What distribution can learn
- IRI, ACLI express support for CLEAR Forms Act
- A new era at the Federal Reserve
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Why annuities are gaining traction with younger investors
More Annuity NewsHealth/Employee Benefits News
- Maryland health insurers want to raise premiums an average 13.7% for individual plans in 2027
- Maryland health insurance rates could rise 13.7% in 2027 under proposal
- Millions drop Obamacare health coverage after subsidies expire and costs rise
- Improving how we deliver healthcare in Idaho
- Healthcare system needs a public option
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Misr Insurance Company
- State Farm’s agency overhaul: What distribution can learn
- They Allegedly Enrolled People In Life Insurance Without Consent. Then Death Claims Paid Out
- How much do state residents need to retire comfortably?
- How executive benefits impact an estate plan
More Life Insurance News