Year: 2012

How to Know if You Have Enough Auto Insurance

Great article in the New York Times on what you should consider when evaluating your auto insurance risk.   Does it really make sense to pay more for maximum coverage? And what does it really mean to be underinsured anyway? First, the facts. The approximately 210 million licensed drivers in the United States had an estimated 5,419,000 crashes that police took reports on in 2010,... Read Article

Condo Insurance Is Complex

Condo insurance is complex and we can provide useful advice to help get the coverage you need.   Getting insurance for a condo is a lot different from buying a policy for a single-family house, and it can be pretty confusing for many new condo owners, especially when it comes to insuring personal items like furniture or deciding if they need to insure the unit... Read Article

PERSONAL VEHICLE RENTALS AND YOUR MINNESOTA AUTO INSURANCE POLICY

All personal auto insurance policies issued in Minnesota have statutory coverage when you rent a vehicle in the United States.  All laws have limitations so here is the law for you to review:   Minnesota Statute 65B.49 Subd. 5a. Rental vehicles.   (a) Every plan of reparation security, wherever issued, insuring a natural person as named insured, covering private passenger vehicles as defined under section... Read Article

Prevent Dog Bites—And a Lawsuit; Average Cost of Dog Bite Claims Is On the Rise

Prevent Dog Bites—And a Lawsuit; Average Cost of Dog Bite Claims Is On the Rise Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2011, costing nearly $479 million, according to the Insurance Information Institute (I.I.I.). An analysis of homeowners insurance data by the I.I.I. found that the average cost paid out for dog bite claims was... Read Article

ONE REASON WHY AUTO INSURANCE RATES WILL BE ON THE RISE IN 2012

Hail claims for vehicle damage spiked in 2011 Insurance losses for hail-related damage to vehicles more than doubled last year compared with the previous three years, an analysis by the Highway Loss Data Institute (HLDI) shows. Using information from insurers about weather-related losses under comprehensive coverage, HLDI matched the dates of those claims to hail events recorded by the National Oceanic and Atmospheric Administration to... Read Article