Pinpointing the reasoning behind your auto insurance premiums can be a challenge. This is due, in part, to the many factors that are used by insurance companies when setting up any new policy.
Insurance is all about managing risk. A complex formula is used to determine your risk as a driver, and your monthly premium is adjusted based on your risk factor. Many drivers wonder if having their vehicle towed will cause their insurance rates to go up.…
Have you recently bought a home and purchased your first home insurance policy? You might have concerns about what is actually covered by the policy and what is not. While you can read the entire policy from beginning to end, it may not answer the questions you have. Contact your insurance provider and ask these questions to get a better understanding of personal property coverage.
Do Some Personal Property Items Have Coverage Limits?…
If you operate a business in the food industry–say a restaurant, for example–you should train your employees to help you avoid business liabilities. This is because your employees may commit acts of negligence for which you may be held liable if they aren’t well trained. Here are a few specific issues that the employee training should touch upon:
Food Handling
Since the main business of a restaurant is to serve food, you need to be on the lookout for food-related injuries at all times.…
If you are shopping for commercial general liability, you should not just focus on the overall coverage limits, but also the sub-limits that may apply to different categories of risks. Here are some of the sub-limits that may apply to your case:
Advertising or Personal Injury Limit
Advertising or personal injury claims arise when someone accuses your business of causing them injury via false, inadequate or misleading advertisement. An example is a case where you get accused of brushing over the dangerous side effects of a drug during its advertisements.…
Whether you own a car or not, you should have a car insurance policy if you plan on driving at all. Car insurance is something you can purchase from any insurance company, and the rates you pay for insurance will be based on a lot of different factors, including your gender, age, type of car, and driving record. If you currently do not have car insurance, here are three good reasons you should purchase a policy right away.…
When you think of home insurance, you often imagine it covering the structure of your home and the property within in. However, home insurance can cover much more than that. If you are put out of your home due to a major catastrophe, some surprising things will be covered.
1. Emergency Items
If your house burns down, or is damaged to the point where you cannot enter it, you’ll need some basic things to get by over the next few days.…
Leasing a vehicle can be a great option for people who want to have a new car every few years without having to take on a loan. However, purchasing insurance for a leased vehicle can be a bit different than buying coverage for a car you intend to own. Here are some things you should know about auto insurance before leasing a vehicle.
Gap Coverage
Gap coverage is intended to protect you in the event of a total loss on a new vehicle.…
Have you taken a long look at your insurance bill and decided that you need to make a change? If so, you may try to switch to a new auto insurance provider to get a lower monthly premium. Before you make a decision on who you are going to go with, you’ll want to think about the following three things.
Understand Your Insurance Billing Cycle
You will want to look at your policy and understand how your insurance billing cycle works and when you can cancel.…
