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: Renting a car for a spring road trip? When it comes to insurance coverage, things can get a bit tricky. Here are 4 items to consider before signing the rental agreement.
March Madness is a captivating event as millions of college basketball fans across the country analyze the teams and create their own (hopefully winning) brackets.
As we all watch the games and cheer for our favorite teams, we can also learn valuable lessons about selecting homeowners and auto insurance. Here are 3 important takeaways from March Madness that can help you choose the right homeowners insurance coverage. Spring cleaning is a great way to freshen up your home after a long winter and get ready for the warmer months ahead. But have you thought about spring cleaning also helping to prevent homeowners insurance claims?
Here are 5 tips to help you keep your home safe and avoid insurance claims this spring: With St. Patrick's Day coming up, it's worth noting that even the Luck of the Irish can sometimes result in less-than-fortunate circumstances.
Here are a few unfortunate snippets from insurance claim reports to brighten your day: March is National Credit Education month so it's a great time to understand this.
Here are 2 ways your credit score influences your insurance rate: In the past, homeowners who rented out their properties once a year for local events often relied on their standard homeowners insurance.
But with the surge in short-term vacation rentals, insurance policies have also evolved, prompting the need for a closer look at coverage options, including these 5 areas: With tornado season already underway in the South, it's important to recognize what most standard homeowner's insurance policies provide for "all-perils" coverage.
This insurance coverage includes protection against tornado damage, but understand that there may be potential exclusions or limitations within your policy that can greatly impact your coverage. For example: Check this out: a recent survey revealed that a staggering 65% of Americans are in the dark about the full extent of their home insurance coverage.
Even more surprising, 45% have faced the harsh reality of having their insurance claim denied due to insufficient coverage. That's why it's crucial to engage in regular conversations with your local independent insurance agent. This ensures that you not only recall your existing coverage but also assess whether any adjustments are needed. To guide your discussion, ask these 8 essential questions: Homeowners insurance is a critical and required piece of home purchases if you're securing a mortgage loan.
A number insurance documents must be presented at the closing so it's important that you notify your insurance agent as soon as you have a contract. These include: Umbrella insurance serves as an added layer of protection, going beyond the confines of your existing insurance plans.
It acts as a safeguard against significant financial setbacks in situations where you may be deemed liable for damages or injuries to others including: bodily injury, property damage, personal liability, and advertising injury. Consider the following scenarios: Telematics is the use of GPS and other technology in vehicles to track driving behaviors and habits.
Insurance companies use behavioral analytics to determine the driving behavior of their policyholders and adjust insurance rates accordingly. There are pros and cons for policyholders considering using telematics. Here are a few: "Green" discounts - perks on your homeowner's insurance for embracing energy efficiency and eco-friendliness - are becoming more popular among homeowners.
Along with familiar green discounts like solar panel and smart home technology, here are 3 additional possibilities you may not have thought about: Looking to save on homeowners insurance? You're probably familiar with some saving options like bundling and claims-free discounts, but there are other lesser-known discounts you might qualify for. Here are 3:
With Valentine's Day coming up soon, we can expect to exchange our expressions of love through cards, flowers, chocolate, and yes, engagement rings.
Valentine's Day is one of the most common days to get engaged, second only to Christmas Day. If you're planning to pop the question this Valentine's Day, have you thought about protecting your investment of that important piece of jewelry? Here's what you need to know about insuring an engagement ring: We've all experienced the increase in cost of goods and services over the past several years, so it's logical to anticipate that your insurance premiums might increase some, too. However, the amount of increased cost has taken some policy holders by surprise.
There isn't simply one major reason but a number of factors that have caused insurance premiums to rise. In addition to increasing rates, insurance carriers have also tightened requirements for insurance approval and/or renewal. Just like with increasing premiums, clusters of factors have made it more complicated to identify and predict risk. Technological advancements like machine learning and artificial intelligence have given insurers a more accurate way to predict risk by using huge volumes of data. So what kinds of data are now being used to modify (and tighten) criteria for insurance policy approval? Here are 3 lesser known factors you should be aware of that affect your perceived financial stability by insurers: Historical data show that as people age, physical and cognitive changes may impact driving skills. Once you reach 70 years old, you can expect your auto premiums to rise. There are a number of things drivers at this age and older can do to lower their auto premiums. Here are 5 suggestions:
When shopping for insurance, you've likely encountered a puzzling phenomenon: why do rates differ so drastically between insurance companies? It's a common question many find themselves asking as they navigate insurance options.
While it may not make sense on the surface, there are 7 valid reasons insurance rates can vary between companies: Winter brings its own set of challenges, and one crucial aspect is safeguarding your home from potential fires. According to the National Fire Protection Association, house fires occur more frequently in the winter than any other time of year.
Do you know the top causes of house fires? Read on to find out, including 5 valuable tips to prevent them: Carbon monoxide (CO) is a totally silent danger that many homeowners don't think about. Over 100,000 people visit the ER annually due to unintentional CO exposure.
Here are 3 important precautions to be aware of to protect yourself and your family from CO poisoning: Of all the winter driving conditions, black ice is one of the most hazardous because you don't necessarily see it until you're on it.
What conditions most often create black ice, and how do you best navigate it? One of the most expensive maintenance items of your home is your roof. Roof rejuvenation is a process that has recently gotten attention. Its purpose is to extend the life of a roof by spraying on a special product that helps to restore its protective elements and extend its durability.
It sounds like a great idea, but if you have asphalt shingles it's a must that you get input from qualified, reputable, professional roofers before having it done. Why? Do you know how to navigate driving in foggy conditions?
You frequently see safety tips for driving in sleet and snow, but one of the most dangerous conditions in the south this time of year is fog. You may unexpectedly run into thick fog conditions especially in early morning and later in the evening. How do you best navigate this condition? Just like with sleet and snow, it's best to stay off the road during these times but that's not always feasible. So, here are 3 safety tips when driving in foggy conditions: |
AuthorDennis Lam Archives
February 2024
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