Watch Out For This Before Renting Your Home

Posted by on Sep 21, 2017 in Personal Protection |

Many homeowners are making extra income renting their homes out short-term. Most don’t know the increased insurance risks this carries – until it’s too late. If you’re planning to rent out your home, make sure you know you don’t risk a lawsuit. More than 60% of homeowners do not know if their insurance covers renters. This is the claim made by Assurant, surveying over 1000 New York homeowners on their home insurance coverage. This survey also...

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Adding a Teen Driver? Do This

Posted by on Sep 14, 2017 in Personal Protection |

Recent findings by experts in the insurance industry show that the cost of including a teen on a car insurance policy is decreasing. A few years ago, including a teen driver on one’s auto insurance would have added about 85% to one’s policy only 5 years ago. Currently, the rate change is about 78%. While an improvement it is still a substantial amount. So why is the inclusion of the teen driver seen as an added risk? The main reason is that the...

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Check your Home Insurance to Be Sure You Are Protected From Disasters

Posted by on Aug 22, 2017 in Personal Protection |

Fewer than 22% of homeowners see changes in the environment or natural disasters as being an important factor to consider when updating their homeowner’s insurance coverage. This information was found in a new study done by the National Association of Insurance Commissioners (NAIC). With the increase in natural disasters, the NAIC encourages homeowners to think about their risks and take the time to understand what coverages are included in...

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Telling White Lies Can Void Your Car Insurance

Posted by on Aug 2, 2017 in Personal Protection |

Many motorists feel car insurance costs are higher than they want to pay. Rates are indeed on the rise. But some folks have taken to telling “white lies” to mislead insurance companies and get lower car insurance rates. A nationwide survey conducted by a leading online financial firm showed that almost 85% of survey participants had given misleading information to keep the cost of their car insurance as low as possible. This figure is far...

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Why a Good Driver May Still See Auto Rates Go Up

Posted by on Jul 13, 2017 in Personal Protection |

Many motorists have noted, with justifiable concern, that car insurance costs went up by a significant margin in 2016. A closer look at the market trends gives the indication that auto insurance costs have been steadily rising for the last 5 years across the U.S. And the reason for this is quite understandable: there are more accidents happening on our roads every year. This is directly because there are more cars on the road combined with an...

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Do You Need Disability Insurance?

Posted by on Jul 11, 2017 in Personal Protection |

Imagine for a minute that you run quite a bit as a part of your daily routine. You think you’re healthy. Because you value your time and independence you are self-employed. You’ve bought life insurance and health insurance but have never considered disability insurance… You turn another year older and are suddenly diagnosed with ALS (amyotrophic lateral sclerosis), a condition which is often called Lou Gehrig’s disease and eventually leads to...

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