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That could never happen to me, right? For the first 30 years of my career, we have had insureds involved in serious accidents. Some paid the total amount of liability coverage under the policy. In those cases, it was $300,000 or $500,000. There was one loss, from about 10 years ago, that the total paid out for our insured was $4.5 million. Fortunately, they had a great insurance professional who made sure they had a
It’s appealing to buy a new car that looks great and is fun to drive, but it also pays to look beneath the surface for features that make your vehicle safe to drive and affordable to insure. Car insurance costs are based, in part, on the model’s safety history, the cost of vehicle repair or replacement, and the likelihood that the car will be stolen. Many insurers offer discounts for vehicles with features that reduce the risk
Insurance has some of the least exciting names for things. It isn’t like Red Bull or Mountain Dew. We have terms like stacking and unstacking. Boring. We have Marine which means we also have Inland Marine. Weird. We have Tort, not the delicious one, and then there is the “umbrella.” Insurance can be divided into two basic parts; insuring “stuff” and liability. “Stuff” includes things like houses, cars, motorcycles, and boats. All of these things
Paying your bills has never been easier. You used to have to check the mail, write a check, and mail the envelope back, always hoping the post office didn’t lose your payment. Almost every company has made it easier, faster, and safer to pay your bills. Insurance companies are no different. They know your time is valuable and provide many options for paying your bills. You can now pay your bill either monthly or in
Here’s a statistic that may surprise you: over half of homes in the US are underinsured. This is largely because home insurance policies are often believed to provide coverage based on a home’s market value, as opposed to its replacement cost. Understanding the difference between these two concepts is a key factor in making sure your coverage is up to the high standards of your home. Replacement cost is essentially the amount it would take
As 2019 quickly comes to a close, we thought it would be good to revisit this year’s annual insurance review letter. The points addressed in the letter remain just as important as they were when we wrote this. Please come to us with any questions as we are happy to answer them before any issues arise. Never Assume. (We all know what happens when we do…) The insurance world is dynamic. Your life is dynamic.
