So you’ve gotten into a car accident. This stinks, I know. But, what do you do now?
-
-
5 risk factors for homeowners insurance policies
Customers buy insurance to minimize their risk and make them whole should a covered loss occur. What many may not understand is that a number of factors can cause their premiums to skyrocket before a covered peril even occurs. Adjusters and claims managers handling the ensuing claims also need to be aware of these possible red flags and their impact on any settlements. An up-to-date home inventory complete with photos can be a major asset to any claim. Encourage owners to take a digital tour of every room to record furniture, electronics, antiques, works of art, family heirlooms and other irreplaceable items in the home. After a fire or major flood, it can…
-
5 things to know on children’s life insurance
Policies for children represent a small fraction of the life insurance market, but they made the news this week after a court hearing for a Georgia man accused of killing his young son by leaving him in a hot car. Testimony and court documents revealed that Justin Ross Harris and his wife had two life insurance policies for 22-month-old Cooper Harris, one for $2,000 and one for $25,000. Prosecutors have portrayed the 33-year-old Harris as an unhappy husband who was exchanging nude photos with several women. Defense attorneys say the death was a tragic accident. Harris remains in jail charged with murder and child cruelty. The insurance policies were mentioned…
-
Plan ahead: Insurance gaps to avoid over the years
As you age, your insurance needs change. While in your younger years you worry about protecting your property and income, protecting your assets becomes a higher priority later in life. “Changes in your life can mean big changes in your insurance needs. A change in marital status, the birth of a child or a purchase of a home can all trigger a gap in your coverage. That’s why (you should revisit) your policy at least once a year, or whenever you experience a big life change.” says Jeff Reinig, head of personal lines underwriting from Farmers Insurance in Los Angeles. Here, experts recommend the insurance needs to consider – and…
