Life Insurance. Where to begin? At the beginning is probably the best place. Insurance of all kinds is designed to protect you in the event of a loss that you could not otherwise afford. Insurance is where you have a known loss in exchange for an unknown loss. You insure your house in case it gets struck by lightning. You insure your car in case…
Ersatz. My 11th Grade English teacher would be so happy that I was finally able to use one of those SAT words. Ersatz means “… made as a substitute, typically, an inferior one.” You are probably asking yourself why an insurance blog is offering vocabulary advice. Actually, I wanted to use this as a way to start the conversation about how cars get repaired after an…
So, I don’t own a car. Do I still need coverage?
When you own a car and carry car insurance protection, the policy typically has two very important sections of coverage. The first is liability and physical damage. Liability protects you in the event you are sued by others for injuring them or damaging their property. Physical damage is also known as collision and…
Tree removal is always a point of contention among homeowners with their insurance companies. These issues usually come up after a storm when trees have fallen in people’s yards. Most insurance companies will not pay if a tree falls over in your yard and does not hit anything. In most cases, the only time an insurance company will pay for tree removal is if…
How much more complicated can they make insurance? Most of the time, it’s really very simple. Insurance works on a principle called Indemnification.” This means that you get paid for what you lost. Your car insurance will pay you the depreciated value of your car. So, if your 2010 Ford F-150 is totaled from a loss, you get paid the current value of…
We all know about generic drugs. We know that Chevy is the downmarket version of a Cadllic. We agreed with these and even buy them because of the savings. Yes, when it comes to getting cars repaired, there seems to be a tremendous amount of confusion when it comes to the three different types of parts that are available to repair shops and insurance companies…
We’ve all seen the photos of the lack of smog and pollution over Los Angeles since the COVID-19 Stay-at-Home orders were put in place. Those who have quarantined may not have driven anywhere except the grocery store, if you even did that. So, what does all of this mean for your car and your car insurance? Most insurance carriers are providing…
A long time ago, Lisa and I had a son that lived at home. He graduated from college, got a job, moved out and recently got married. He and his wife recently returned to our house as a refuge from living in New York City. What we experienced is happening all over the country as people attempt to deal with all of the changes brought…
We have now all settled into a new routine. The morning is no longer stressed by a long commute in a car on congested roads. Instead, for most of us, the commute is from your kitchen to wherever your new make-shift desk is located. The stress of the commute is now replaced by the stress of trying to work from home and trying to…
Details. Details. Details…
They can be annoying in life, but they are VERY important in insurance. Who is an insured is defined within all policies. Most policies define an insured to include the named insured and “resident relatives.” This eliminates the need to add all of your children, aunts, parents, etc. But it also excludes coverage for children when they move out and establish another…
