As the 2024 Summer Olympic Games get underway, millions will be actively watching the events and purchasing Olympic swag.
Unfortunately, too many will become the victims of online scams run by unscrupulous deceivers. They set up very sharp and slick-looking e-commerce sites with the sole purpose of absconding with your money or even your identity. According to Gen Digital's Threat Labs, scam attacks increased over 280% during the last summer Olympics and 238% during the last winter games. Even if you and your family members take precautions vetting these sites to prevent falling for these fakes, you might consider investing in the following types of insurance coverage: Flash floods have already struck the CSRA this summer and caused unexpected property and vehicle damage.
Even though you may not live in a flood-prone area, there are plenty of low-lying and flood prone areas in the region where you may park your vehicle. Here's what you need to know about auto insurance coverage for flash floods: Basically, yes.
Although white cars get the greatest number of tickets, there are many more white cars on the road, so relatively speaking, the percentage of red car traffic tickets is highest. (Red cars also rank highest in accidents, by the way.) But is it due to law enforcement bias, driver behavior, or something else? Have you heard of "Operation Slow Down?"
Hopefully you have because it's currently under way in a number of southern states, including Georgia and South Carolina. Both highway patrol and local law enforcement agencies are looking out for drivers who are speeding or driving recklessly. Just for the record, do you know what would happen to your auto insurance premium if you did get ticketed for speeding? Here are 4 frequently asked questions (and answers) I get about speeding tickets: Hardly a day goes by that I don't hear comments bemoaning the rise of homeowners insurance - or worse - the receipt of a non-renewal notice from an insurance company.
Why are these actions happening and affecting even those who haven't filed a claim on their homeowners insurance? Recent reports shed a spotlight on the data found, including these 4 eye-opening facts that help answer that question: Even though meteorologists' technology resources allow us to anticipate some upcoming severe weather events, others can crop up with little warning.
Since these events can leave behind significant damage and disruption, policyholders should be prepared well ahead of time for such occurrences to ensure your safety and protect your property. Here are 5 key tips to help you stay prepared for a potential claim from a weather-related event: Did you know July 4th consistently ranks as one of the biggest days for insurance claims?
So as you gear up to celebrate Independence Day, be very aware of the potential risks that come with the fun and festivities. Here's what you need to know to protect yourself and your property: As insurance rates have climbed over the past several years, it has insureds hard pruning coverages to offset those increases.
It's understandable why they're doing that, but it's like gambling with their money. Many become significantly under-insured when they do that and take on huge financial risk. It takes just one event to financially destroy them, as the following examples illustrate: Filing a homeowners insurance claim is a necessary step when disaster strikes, but many homeowners are concerned about the potential impact of a claim on their insurance rates.
Does your insurance premium go up after filing a claim? Here's the answer, along with some clarification: Owning or using a watercraft - whether a speedboat, jet ski, or pontoon - can be a source of great enjoyment but it comes with its own set of risks and responsibilities.
It should go without saying that understanding and having the right insurance coverage to protect yourself, your passengers, and your investment is a given. There are various types of watercraft coverage to consider including:
Then there are some key insurance considerations depending on whether you're a watercraft owner or a user: Going on vacation is an exciting time to get away and make memories with family or friends. While you're busy planning activities and making travel arrangements, it's easy to not think about potential issues that could occur at home while you're gone.
One of the most devastating events is water damage. Imagine walking into your home only to be met with: several inches of water wetting your feet, or seeing a section of the ceiling hanging down and dripping water Not exactly the welcome home you were expecting. It's natural to think "it won't happen to me" and not take precautions to protect your house from a water catastrophe. But there are a few small actions you can take before you leave to minimize the risk of having to deal with a major headache when you get home. Here are 3: Trying To Reduce Your Homeowners Insurance Premiums? Consider These Lesser Known Possibilities6/13/2024
Homeowners are typically aware of bundling polices and increasing deductibles to lower their insurance premiums.
But, there are other ways that might offer the same reduction. Here are 3: When homeowners notice roof issues that look like their roof has been damaged, their initial reaction is to contact their insurance company to file a claim.
BUT, this can be a big mistake on their part. Here are 3 reasons to contact an experienced insurance agent who can guide you about getting an reputable roofing expert BEFORE filing an insurance claim: More and more people are turning to self-storage facilities to store all sorts of personal property, especially when moving. Do you know what insurance you need to protect your property while there?
There are a few options to properly insure your stored goods: Golf carts have seen a rise in popularity for driving on neighborhood streets.
If you're considering the practicality of using a golf cart for this type of family transportation, you need to be very clear about local laws and insurance essentials. We're well into severe storm season and have already seen some storms cause damage in our area. Before the next storm blows through, there are things you can do quickly beforehand to minimize weather-related damage and prevent an insurance claim.
In addition to tips I've mentioned before, here are 3 more tasks you can do now: Whether you're moving across town or to a new state, one of the biggest decisions you'll need to make is how to transport your belongings.
The method you choose - hiring professional movers, renting a truck yourself, or using your own vehicle - can have a major impact on what insurance coverage you'll need. Here's a quick rundown: As insurers are tightening their criteria of their client portfolio due to the industry's hard market, the occurrences of cancellations and non-renewals are on the uptick.
It's especially important in this climate that you understand the difference between these two actions, reasons insurers take them, and how to avoid being the recipient of either of them. As with other industries, the insurance market is cyclical, and we're currently in what's called a "hard market."
A hard market is when political, societal, climate, and other factors cause insurers' profits to fall. Over the past several years, the impact of these factors have combined to a point where insurers have experienced greater losses and have had to make adjustments to maintain profitability. Insurers have become more conservative in what they are underwriting causing their portfolios to shrink and clients' premiums to rise. Historically, hard markets haven't lasted as long as "soft markets," which is when market conditions are just the opposite. In soft markets, insurers' revenue reserves are higher and they are able to be less strict in the risk they underwrite. This allows them to increase their client portfolios, there is more competition among companies, and premiums are very stable over time. SO, what can you do while we're in a hard market to soften its impact? Have you noticed the severe thunderstorms including hundreds of lightning strikes that have swept across large swaths of our country over the past several weeks?
Lightning is among the most prevalent natural hazards capable of inflicting damage upon residential properties. It's important to understand what aspects of lightning-related harm are covered by your homeowners insurance policy, what falls outside its scope, and the necessary steps to take should your home sustain a direct strike. In my last post, I highlighted the advantages of bundling your home and auto insurance policies. However, it's essential to recognize that bundling isn't always the best approach.
There are certain scenarios where keeping your home and auto insurance policies separate may prove more beneficial. Here are a few of these situations: Bundling your auto and home insurance policies with the same insurer can offer a range of advantages. Here are five compelling reasons to consider this approach:
In today's online world, it's possible to get insurance quotes without the involvement of an agent. But, the convenience of direct access to insurance companies or chatbots may come at a cost when you find yourself in a claim situation. Going solo could lead to headaches and financial hardships if you haven't chosen the right coverage.
An experienced insurance agent is invaluable when it comes to providing personalized guidance for this critical form of financial protection. Rather than navigating the complex world of insurance alone, an agent partners with you to ensure your needs are met. When choosing an insurance expert to entrust with your coverage, consider these seven factors: Imagine this scenario: You're an employee of a company located far from its main office. You're on your way to a mandatory meeting at the main office, driving a rental vehicle provided for business purposes.
Suddenly, another driver runs a red light and crashes into your rental car, causing significant damage and injuring both you and the vehicle. In such a situation, determining whose insurance covers the damages and injuries can be complex. Here are 4 factors to consider: I continue to get calls from people because their auto insurance premiums are rising at renewal time, and they're searching for lower rates.
Many of these potential clients haven't had any accidents, tickets, moving violations, etc. to directly cause their rates to rise, so why are they experiencing this? There are a number of factors that contribute to this, including these 5 reasons: |
AuthorDennis Lam Archives
July 2024
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