Category: General Insurance

A Rise in Roommates Raises Questions about Home and Auto Insurance

The number of people living in roommate and unmarried partner situations is on the rise in the U.S., raising questions about home and auto insurance, according to the Insurance Information Institute (I.I.I.).  One out of every eight homes in the U.S. is now inhabited by two or more people who are not related to each other—an increase of over 5 percent from 2000 to 2010,... Read Article

April Is Financial Literacy Month, the Perfect Time to Review Your Insurance Needs

Choosing the Right Type and Amount of Insurance Coverage for Your Life Stage April is Financial Literacy Month and a reminder that major life milestones, as well as significant purchases and home alternations, can affect your insurance needs.   To make the most of your insurance dollars, let us know about major events in your life, such as a marriage, a divorce or the birth... Read Article

Bar Beer Pong, Injuries and Insurance

I guess the moral of the story is don’t play beer pong at a bar and try to cross a highway on foot. The bar and the bar’s insurance company are NOT going to pay for your injuries. Note to self take a cab after playing beer pong. Good to know! NYC Judge Throws Out Beer Pong Lawsuit A judge has thrown out a New... Read Article

Ten Tips To Help You Improve Your Insurance Score

Credit scoring is here to stay for pricing insurance coverage.  Please review the follow ten tips to help improve your insurance score and hopefully reduce your insurance cost.   1.  Pay your bills on time. Timeliness in paying your bills improves your score.   2.  Manage your outstanding balances. As a rule of thumb, maintain account balances at least 75 percent below your available credit.... Read Article

The Good, The Bad, And The Details Behind Credit Scoring And Your Insurance

I am not a big fan of credit scoring as a rating-underwriting factor for insurance.  Unfortunately credit scores are here to stay for personal insurance rating.  The following article provides and explanation-information about the insurance industry use of credit scores. The goal of every insurance company is to correlate rates for insurance policies as closely as possible with the actual cost of claims. If insurers... Read Article