Smart home technology offers ease and convenience, allowing you to do things like turn lights on and off automatically while you’re on vacation or see who’s at your front door while you’re at work. But you may not know it also can help protect your home and reduce home insurance costs. How? In addition to
“The only constant is change.” – Heraclitus The future of insurance will be greatly affected by everything, and in my opinion, nothing. Insurance deals with the sudden and accidental loss both in your car and in your home. There are emerging technologies that will make for a “smart” house or
Information storage occurs in bytes. First there were bytes, then kilobytes. Now? We have moved through terabytes and exabytes and we now measure data storage in yottabytes. What does all of this mean for insurance? Insurance loves the science of actuary. Actuary is the theory of large numbers. Give an
Every 13 seconds, a burglary occurs somewhere in the U.S., adding up to approximately 2.5 million burglaries each year, according to Alarms.org. Two-thirds of those crimes are home break-ins, and if it were not for home security systems, that figure could be significantly higher — a study from UNC Charlotte found that 83% of
It’s 1984 and little has changed in the insurance world. We still use manual typewriters. Insurance policies have $50 deductibles for home insurance and replacement cost protection for houses and contents doesn’t exist yet. Fast forward 35 years and the insurance world is entirely different. The fax machine has come
Have you ever been out to dinner with friends or neighbors and you start talking about auto insurance? It always seems like your friend or neighbor is paying less than you. It doesn’t make sense. You’ve seen the dents in their car; you are definitely a better driver. Why are
“But they said it would save me money….” There are such fascinating technological changes occurring. Each day brings something new. I am old enough to remember when you actually had to wind up a window and if it was cold, you actually had to scrape the ice off your mirror.
The new school year is quickly approaching and many students are leaving for their college dorms and apartments. If you are living at college, it’s important to know the implications of borrowing a friend’s car or lending your car to others. If your son or daughter is at college, be
I remember my best friend Butch’s home phone number from when I was eight. I remember my wedding anniversary and my children’s dates of birth. I cannot ever keep track of my passwords and user names. My solution? A password app on my phone. In fact, I make that app
Honesty and responsibility. Why are these the topic of an insurance Blog? Mainly, because we see the circumstances that arise when people are not responsible, like when someone backs into your car and leaves the scene without leaving a note. We also see when people are not honest. This happens
