What is Personal Injury Protection? Personal Injury Protection (PIP) is an extension of your auto insurance policy that pays toward your medical expenses if you are injured in a car accident. In some states, personal injury protection coverage is more broadly defined, covering any instance in which you are injured by an automobile. This includes…
The terms insurance agent and insurance broker may seem to mean the same thing. The two terms are close, but there is a distinction. Many times, we will use the term insurance agent when referring to agents or brokers for the sake of simplicity. Insurance agent vs. broker: The difference The term insurance agent refers…
Owning a business has its risks and rewards. The rewards include independence, the ability to determine your own future. However, the unexpected awaits. While most unexpected events in business are opportunities to improve your business, some surprises can make you grateful that you have proper levels of professional liability insurance coverage. What is Professional Liability…
On the exciting journey to buying your first home, you’ll encounter a few things that aren’t quite as exciting as others. Some aspects of buying a home can even be a bit confusing, like homeowners insurance. As a first time homebuyer with a mortgage, your lender will require that you have a homeowners insurance policy…
Mike S. from NJ asks, “How much term life insurance do I need?” There’s an old-school rule that says when purchasing a term life insurance policy you should buy a policy equal to 10 times your annual income. This strategy may work in some cases, but the issue of providing for your loved ones is…
Many insurance agents provide transparency and share details of the process when you request a quote or bind a new policy. Other insurance agents are keeping information from you. Full disclosure regarding the process of writing an insurance policy might not move the sale forward smoothly. It’s easier and often better for sales to keep…