Author: The State of Ohio PIA (Professional Insurance Agents) | Editorial comments are enclosed within the [ ] brackets. The Homeowners Personal Liability insuring agreement [Section II] says the insurance company will “pay up to our limit for damage for which an ‘insured’ is legally liable; and provide a [legal] defense.” [In addition to the… Read More »
Author: Independent Insurance Agent’s of America “Big-I” & Trusted Choice | [Editorial Note: This material applies to any home event where liquor is hosted. Off-Premises events will be dealt with in a later post.] The Trusted Choice® survey found that about one-third of homeowners did not think or did not know if they could be… Read More »
Thanks to our friends at Insurance Business America Author: Caitlin Bronson – August 20, 2014 | The world is transfixed on the rioting in Ferguson, Mo. following the police shooting of unarmed 18-year-old Michael Brown on Aug. 9. Sky-high tensions in the town of 20,000 have resulted in the arrests of 78 people and as-yet… Read More »
Author: Bob Walton, Walton Insurance Agency, Inc. – Since its invention in the 1930s by Blairstown, Iowa native George Nissen, the trampoline has proven to be one of the more dangerous sports devices ever invented. It has led to countless injuries, ranging from bruises and sprains to broken bones, paralysis and death. So say such… Read More »
Author & Copyright: National Association of Insurance Commissioners (NAIC) Why You Need Insurance “Homeowners insurance is an important purchase for many people. There are two major reasons to buy homeowners insurance: • To protect your assets Homeowners insurance covers the structure of your home and your personal property, as well as your personal legal responsibility… Read More »
The short answer is: Choose the largest deductible with which you are comfortable that will significantly reduce your premium. Each of us has a different tolerance for risk which is reflected in our buying decisions, not just insurance deductibles. Due to inflation of the U.S. dollar, the ‘standard deductible’ has risen from $100 (or even… Read More »
You are probably referring to the size of that last round of storm-created property rate increases. As Albert Einstein once said: “Everything is relative.” The perceived size of your increase is relative to when in the storm cycle you were blessed with the increase. That is, whether you were first or last. It may be that… Read More »
The multi-policy discount can add up to a premium saving of five to twenty-five percent per policy, depending on the particular insurance company. It is a valid inducement for you, the insurance buyer, to purchase all of your policies from a single insurance company. To not avail yourself of this great cost cutting opportunity would… Read More »
A new first-of-its-kind independent consumer survey conducted for the Independent Insurance Agents and Brokers of America (IIABA) confirms that non-renewals and premium increases are becoming more common in the current homeowners insurance market. However, there are significant steps that homeowners can take to protect themselves in spite of these circumstances, says IIABA and its Trusted… Read More »
One of the most unfortunate questions asked today is: how do I handle my personal insurance coverages during a divorce? And for many, the question is asked much too late in the divorce process, if it is asked at all. Here is an illustration of its importance. -continue reading-