Surprised by increases in your HO insurance? Even for property owners who have never filed a homeowner’s insurance claim, the premium will be likely go up for 2021 due to an increase in the frequency and severity of natural catastrophes and their resulting insurance claims across the US for the years 2017–2020. In short, losses…
Category: insurance
Homeowner’s Insurance Resource
Time to review your current HO policy, especially if you’ve made renovations to your home or condo. If you have children going to college away from home, their possessions are usually covered by standard HO policies. Reminders: Make sure your home valuation report is up to date Consider full-replacement cost coverage if you live in…
Wondering Why your New Car Insurance is So Expensive?
“New cars loaded with high-tech crash-prevention gear are having a perverse effect on car-insurance costs: They are soaring.” “Safety features such as autonomous braking and systems to prevent drivers from drifting out of their lanes are increasingly available on vehicles rolling off assembly lines. Auto companies and third-party researchers say these features help prevent crashes and…
What to do BEFORE you get hit by an uninsured motorist
My assistant blogger had the unfortunate experience of being hit by an uninsured motorist. Learn from her experience. It’s not unusual to get in a fender bender in the winter, and most motorists know what to do if this happens. Exchange insurance information, document it, etc. But, what happens if you’re hit by an uninsured…