With dog bites making up one-third of all homeowner liability claims, it’s no wonder why animal liability has become a hot topic in the insurance industry. Get this, the average dog bite claim is just over$32,000 and payouts collectively total over half a billion dollars in the US annually. This...
We often received phone calls from our customers asking some form of the following: If I allow ‘so and so’ to drive my car, are they covered under my insurance or their insurance. How to find out…. In your auto insurance policy is a definitions section. In the definitions section,...
Replacement Cost and Actual Cash Value. These are the two ways that insurance companies use to determine how much to pay you when you file a claim. The Actual Cash Value loss settlement will factor in depreciation of the damaged items when determining how much the insurance company should pay...
Many times, the maximum amount of liability coverage you can purchase in a homeowner’s insurance is roughly $500,000. And the maximum amount of auto insurance liability coverage you can purchase is roughly $250,000. So what if somebody is injured at your house and they sue you for $1M? Or what...
If you turn your primary residence into a rental property, do you need to address your current insurance policy or will the insurance policy you currently have suffice for a rental property? The short answer is, you’ll need to address your current policy. Here’s what you need to know…....
Perhaps once or twice a month we’ll be speaking with a customer about auto insurance and they’ll request full coverage auto insurance. It’s typically in reference to a recently financed car purchase or a new leased car purchase. Many times, it’s the bank or the dealership that tells the customer...