Over 6 percent of insured homes will have a claim this year, and every new sunrise brings another 16,000 reported auto accidents. Modern life is risky business, but with the right personal insurance options, you can protect your family against a myriad of risks. Insurance of any type is the transfer of risk from an…
When renting a car to travel within the United States, coverage from your existing auto insurance policy will transfer to the car you are renting. The car rental company will probably try to sell you insurance when you’re renting the car. This additional coverage may not be necessary, but it’s important to understand the auto…
There are several types of insurance policies that offer liability protection. These include auto insurance liability, homeowners insurance or renters insurance liability, the extended liability insurance coverage provided by an umbrella policy, as well as business liability coverage. While all these types of policies offer liability coverage, liability comes in different forms and the liability…
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…
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…
The cost of insuring your young or teen driver can be an eye-opening experience, with rates running as high as twice the amount paid for an older driver and sometimes higher. Auto insurance rates are determined by the probability of a loss based on rating factors. As many as 2,500 different factors may be used…