Decoding Insurance Jargon: Market Value vs. Replacement Cost Ever wondered what the difference is between market value and replacement cost when it comes to insurance, particularly homeowner’s insurance? They might sound similar, but they have distinct meanings and significant implications…
Brake for Safety: How to Take a Defensive Driving Course and Boost Your Skills Traffic can be a jungle, and navigating it safely requires more than just knowing the rules of the road. Defensive driving is an essential skill that…
Miles on the Meter, Money on the Mind: How Mileage Impacts Your Car Insurance Car insurance is a necessity for any driver, but the cost of that protection can vary depending on several factors. One key factor that can significantly…
Why Vacant Properties Mean Higher Insurance Costs: Understanding the Price Hike Owning a vacant property might seem like a financial win – no tenants, no wear and tear, right? But when it comes to insurance, vacant properties present a higher…
Don’t Get Left on the Road: Understanding Excess Uninsured/Underinsured Motorist Coverage Imagine this: you’re involved in an accident caused by a driver with minimal insurance, or worse, no insurance at all. Your car is damaged, you might be injured, and…
1. Assess driver risk: This is the primary reason. Insurance companies need to consider the driving histories and demographics of all potential drivers who have access to your car to accurately assess the risk associated with your policy. This includes…
Feeling the Pinch? Why Home Insurance Premiums are on the Rise Owning a home is a dream for many, but lately, that dream might come with a slightly bigger bill. Home insurance premiums have been steadily rising across the country,…
Check out our blog post here: Changing Home Insurance with an Escrow AccountStreetsmart › changing-home-insur… Here are the steps to follow when switching home insurance providers:
Floods might seem like distant threats, but the reality is, everyone lives in a flood zone to some degree. Even areas far from rivers or oceans can experience flooding due to various factors like overflowing lakes, storm surges, or even a burst pool in your…
No-fault means you file personal injury claims with your own insurance, even if you’re not at fault. Personal Injury Protection (PIP) is mandatory to cover medical bills and lost wages, regardless of who caused the accident. Claims example: Navigating the…