Most of us rely on our vehicles to get to work, the store, and to social engagements every day. Because of this reliance, it’s important to get the insurance coverage you need to protect both yourself and your vehicle in case of an accident. Automobile accidents can cost thousands of dollars of property damage and bodily injuries — and that might just be to one driver!
Insurance is a necessity in today’s world. One car accident, fire, or other disaster could leave you paying hundreds of thousands of dollars in damages, legal fees, or hospital bills. Because of this critical need to protect yourself, your family, and your assets, you’ll want to select a great insurance plan.
The worst has happened: Someone stole your car and stripped it to pieces! Now, all you’ve got left are fond memories of your slick ride and an insurance policy claim to file. All you want to do is put this whole ordeal behind you, buy a new car, and never look back. But will your insurance payout cover the cost of that same car? Understanding “replacement cost” versus “actual cash value” when it comes to your policies is important.
Insurance companies have used vehicle telematics for about two decades now as a way to bring more transparency and accountability to auto policyholders. Telematics are most commonly associated with the little modules that plug into your car’s Onboard Diagnostics Port (OBD-II), which relay driving data to insurance providers. Today, many insurance companies offer plug-and-play solutions and even apps that eliminate the need for modules altogether.
You’ve checked your auto and travel insurance policies and know you’re covered while on vacation, but what about the home you’ll be leaving behind? Burst pipes, broken appliances, and burglaries are easy potential hazards for those excited about upcoming trips to forget about. Fortunately, they’re easy to prevent, and this checklist can help make such prevention easier.
The sharing economy has brought about business model innovations, allowing people to monetize underutilized assets including cars, storage space, gear, and living space by renting them out. While this can create exciting opportunities, it can also present risks — particularly when it comes to home sharing. Having the proper insurance can help reduce those risks.
As glorious as the spring and summer months can be, they can also bring some of Mother Nature’s most destructive behavior. April, May, and June are peak months for tornadoes in the U.S. while hurricane season officially begins June 1 and lasts through November. Both can cause widespread catastrophic damage as well as injury and death. While those who live in areas prone to such natural disasters should have emergency plans in place to protect themselves and their families, what about their homes, businesses, and personal property? It’s impossible to predict or control the amount of damage such storms can cause, but it is possible to manage how well you bounce back and rebuild after such life-altering events. Ensuring you have adequate insurance coverage in advance is a huge step in protecting yourself amid such devastation.
Water. We need it to survive, but it can also be a relentless, unforgiving beast. In mere minutes, water can cause property damage that requires months of costly cleanup and restoration.
A thousand questions can race through a parent’s mind when hiring a new babysitter or in-home nanny: Is the candidate experienced? Good with kids? Responsible? Dependable? CPR- and first-aid-certified? Able to cook? Does he or she have reliable transportation?
For those who long to be out on the water, there is nothing quite like the freedom and thrill of a day spent on your very own powerboat. But with as much pleasure as boat ownership can bring, boating also carries with it inherent risks and responsibilities. Boat insurance, though not always required, is something every owner should understand and seriously consider when investing in a powerboat.
Page 4 of 8