If you’ve just purchased home or auto insurance, you may think that you have comprehensive coverage for your unusual vehicles or high-value home. In reality, you’ll need something called specialty insurance to protect those assets. What is specialty insurance, exactly? Specialty insurance is specifically designed to protect assets that are not particularly common and therefore […]
Read MoreGet Under an Umbrella
For personal liability coverage that goes beyond the limits of what an automobile, watercraft, or homeowner’s policy provides, consumers are urged to purchase “umbrella insurance”. Also known as “excess personal liability insurance,” an umbrella policy will pay a judgment or settlement for a policyholder found to be at fault for an accident, and will pay […]
Read MoreDroning On
If you or a member of your family uses a drone, you should check with your specialty insurance company as to whether damages caused by drones are covered by the liability portion of your homeowners or renters policy. While some homeowner’s policies provide coverage for model or hobby aircraft, others cover only model aircraft while […]
Read MoreValue Propositions
There are three options to consider when calculating the amount of protection that homeowners insurance will provide. Most standard homeowners policies cover the replacement cost of a home’s physical structure and the “actual cash value” (ACV) of the insured’s personal property. Because depreciation is factored in and the claim payments are generally lower, this is […]
Read MoreWho or How?
Auto insurance companies are in the business of determining the risk they can assign each person to whom they issue a policy. More and more, they are finding it is better to assess a driver’s likelihood of filing a claim based on his or her behavior rather than gender. State Bans California has become the […]
Read MoreReady or Not
If you think that it is all right to wait just an hour or two after heavy drinking and you will be fine to drive, think again. According to recent research, alcohol continues to affect cognitive functioning even after drinkers feel like they are sobering up. Cognitive Functions Affected Some of the important cognitive functions […]
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