Just as there are many types of vehicles on the roadways, there also are a variety of drivers behind wheels. And how insurers perceive drivers plays a major role in determining what those drivers pay for auto insurance.
Those in America’s cannabis community may face some tricky terrain when seeking life insurance policies that acknowledge their habit without gouging their wallets. There are no black-and-white answers when it comes to this issue, and different companies have varying viewpoints relating to cannabis-consuming applicants. Frequency of use, type of use — medicinal or recreational — and even honesty regarding marijuana use can affect coverage approval and pricing.
The concept of ridesharing has become so popular it’s turned one brand into a common verb, “I’ll just Uber.” And we no longer get a lift but, rather, a Lyft.
In June, severe weather cost the U.S. economy over $3 billion. Insurance companies covered at least $2 billion of that damage. To help compensate for the costs of increasingly extreme weather, many insurance providers have begun raising their premiums and deductibles, making it more difficult for business owners in areas prone to harsh weather conditions to obtain the severe weather coverage they need. In fact, 40% of businesses never reopen after sustaining severe damage from a natural disaster.
Marijuana laws are rapidly changing how cannabis is regulated, and one in five Americans now lives in an area where recreational smoking is legal. This change is making new medical treatments easier to access and transforming how people perceive cannabis and its users. It is also impacting those in the insurance industry, as creating marijuana-related policies is uncharted territory for many.
Imagine the horror of coming home to find your belongings destroyed or stolen. Then you find out your landlord’s insurance won’t cover your losses. Most people know the legal requirements relating to car, health, and homeowner’s insurance but often do not consider optional coverage, such as renter’s insurance.
If you own a vehicle and insure it, you know auto insurance rates are rising. Even if you have a clean driving record, you’ve likely seen your rates inch higher over the past few years. The average premium has risen by 16% since 2011. The reasons for this are manifold.
It’s hard to imagine anything could be as damaging to your home as winter storms, but the truth is spring and summer — with their inclement weather and sudden, severe storms — can be even more dangerous than winter. Once a storm hits, there isn’t much you can do but weather it. Therefore, it’s important to prepare yourself and your home in advance. But those aren’t the only things you need to protect. Homeowners and drivers can take steps to prepare their property against weather damage in the months ahead.
With summer nearly here, it’s time to whip out the barbecue and pull the boat out of the shed. However, be sure to keep in mind summer is also “trauma season” for hospitals. Children are more likely to be injured in summer. Follow summer safety tips and insure yourself and your family to keep accidents — and related costs — from derailing your summer and to keep everyone happy and healthy all season long.
There has been a dramatic increase in distracted driving related accidents in the United States because of phone and other electronic device usage — particularly among teenage drivers. This epidemic has drastically increased automobile accident rates and, unfortunately, the number of vehicular injuries and deaths.
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