Should I File a Claim or Pay for it Myself?

insurance-claim_large

My garage was broken into. Some tools and sporting equipment valued at $2,000 were stolen. Should I report a claim? This is one of the first questions we receive from clients after they have suffered a small claim. As brokers providing claims counseling, our job is to explain how your policy covers you and what read more→

The Auto Insurance Minimums in Your State Probably Aren’t Enough

Claim

One thing you should avoid is being told that carrying only the state mandated minimum coverage is adequate auto insurance protection. In an auto accident, drivers can be legally liable for their passengers’ injuries. While most states have mandatory minimum limits of liability required of all drivers, many of these requirements may not be sufficient in covering read more→

Leasing and Auto Insurance

Lease or Buy

Car leases were hard to arrange during the depths of the recession, but they have made a remarkable comeback. In 2009, about 10 percent of all new car sales were financed with leases. Today, according to Experian Automotive, leases comprise nearly 25 percent of the market. But the typical lease now is: Shorter. According to read more→

Auto Insurance Policy Lapses

lapse

An auto insurance lapse, whether intentional or unintentional, automatically designates you as an illegal driver. Failing to provide proof of auto insurance when stopped by the law carries heavy penalties. Not only will you be fined, but you’ll also face the possibility of having your driver’s license and/or vehicle registration suspended. The penalties will be read more→

Uninsured/Underinsured Motorist Coverage

Uninsured Underinsured

We’ve all heard the stories. A family of five is burdened with horrific medical bills because of an accident caused by a drunk driver who couldn’t afford insurance due to his bad driving record. A child walking to school faces a lifetime of difficulty after being struck by a texting driver—a struggling college student with state read more→

Why Private Companies Should Buy D&O Insurance

D&O Picture

Most public companies don’t need to be persuaded that their company needs directors and officers insurance. However, the matter is viewed differently by some private company managers, particularly those at very closely held companies who believe they are unlikely to ever have a D&O lawsuit. Private companies are sued everyday – sometimes for events that read more→

Five Reasons Why Homeowners Rates are Rising

Homeowners Insurance Rising

Gas prices are going up again, and so is the price of everything else these days including groceries, electricity and even a cup of coffee.  Homeowners rates are going up too and here are five reasons why: 1.    More Severe Weather We have been having more severe weather including tornadoes and hurricanes.  Even winter storms read more→