Do You Need Life Insurance?
Posted: April 2, 2015
How Much Do You Know About Life Insurance? Of the 35 million American households without life insurance, 11 million include children under age 18, according to LIMRA, an insurance industry research organization. That's strange, because providing for one's children after one's death is considered a classic use of life insurance. It's a situation that may be the result of misunderstanding how life insurance works. Think...
Smart Homes= Lower Insurance Rates
Posted: March 24, 2015
Smart Homes May Lead to Reduced Premiums When the auto industry introduced smart cars, the insurance industry had to figure out how to insure them. Luckily, engineers intended smart cars to be safe cars. Recently, the 2014 Smart Fortwo and the Scion iQ received "Good" scores in three out of four crashworthiness tests conducted by the Insurance Institute for Highway Safety (IIHS). This certainly makes...
How to Handle Homeowners Policy Exclusions
Posted: February 17, 2015
Car-less But Still Need to Drive? Only have a business auto policy? Paying for one's own vehicle in addition to gas and insurance is just too costly for many Americans today, according to Matt Moore, vice-president of the Highway Loss Data Institute (HLDI). As a result, the number of people who are using other methods of getting from place to place - such as car...
Avoid these 5 Mistakes when Buying Car Insurance
Posted: December 4, 2014
Ensure Your Special Items Receive Special Coverage Even though your homeowners insurance allows you to pick an amount of coverage for personal property - your personal belongings inside the home - you may be surprised that your policy includes limits on certain items; most are higher-end items, such as cameras, electronic equipment, guns, and jewelry. So, if you buy a policy with $50,000 in personal...
Car Repair Insurance or Extended Warranty?
Posted: November 20, 2014
Coverage Protects You Against Uninsured Drivers Have you ever looked at your insurance policy and wondered what these two lines mean? Uninsured/Underinsured Motorists Coverage Property Damage (UMPD/UIM-PD) Uninsured/Underinsured Motorists Coverage Bodily Injury (UMBI/UIM-BI) It's not as it seems - you're not paying for coverage for people who can't afford it, you're paying to protect yourself. UMBI pays for your injuries, and UMPD, for your...
