According to the Insurance Information Institute (III), 67% of American households own a pet and dogs account for 63% of them. Unfortunately, sometimes dogs bite. Approximately 4.5 million Americans are bitten by dogs yearly and the average cost of a dog bite claim is $44,760, according to the III. Does Renters Insurance Cover Dog Bites? […]
Why College Students Living Off-Campus Should Have Renters Insurance
At the end of summer, parents typically pack up their college kids and head to the dorm or off-campus housing. There’s the usual checklist – towels, bedding, laptop, and laundry supplies. However, one item can be overlooked: renters insurance. Students living in college dorms may be covered under their parents’ homeowners insurance. However, college students […]
What Renters Insurance Covers
Like any other insurance policy, renters insurance has exclusions, and knowing about them ahead of time can help you avoid unexpected bills in a disaster. Just as important, though, is knowing what is covered. All that fine print in your policy likely includes coverage you might not expect, which could save you money down the […]
Car Insurance and Coronavirus: What You Need to Know
Car insurance is essential financial protection in case you get into a car accident that leaves you liable for damage, or in case your car gets stolen or damaged by another named peril. As long as your insurance is active and you are making your premium payments on time you will continue to be protected. […]
COVID-19 and Homeowners Insurance
The coronavirus pandemic has disrupted many aspects of society, but your home insurance policy will continue to function normally. Will Homeowners Insurance Premiums be Affected by the Coronavirus Pandemic? It’s hard to say with any degree of certainty what will happen to homeowners insurance rates. There are many factors to consider. First, people are staying […]
COVID-19 is Prompting Families to Rethink Their Finances
COVID-19 has led families to cancel travel plans, get (semi!) comfortable with homeschooling kids and deal with all kinds of other inconveniences. As if that weren’t enough, it’s also making many families take a closer look at their finances and make sometimes difficult financial decisions. Life Happens recently conducted a survey that polled more than […]
The Most Common Commercial Car Insurance Exclusions
Commercial car insurance is, as the name suggests, designed for vehicles used for commercial purposes. There are many differences between a commercial policy and a regular one, which covers personal-usage cars. There are greater coverage limits, greater reimbursement sums and the possibility of adding a fleet of vehicles. There are certain activities that will void […]
What Is Gap Insurance and How Does It Work?
If you drive a new car off the dealer’s lot, having made your deposit and looking forward to your first payment, but wind up in an accident that makes the car unusable, what recourse do you have? Guaranteed Asset Protection (GAP) insurance is the answer. What Is Gap Insurance? Guaranteed Asset Protection insurance protects the […]
How Much Car Insurance Do I Need? 5 Key Coverage Considerations
Of all the many adulting tasks we’re faced with, figuring out insurance is among the most confusing. Health? Life? House? Car? Yes! For car insurance, most state laws require every driver to have a minimum level of coverage, but how much and what type of coverage varies by state – so, should you get more […]
Check Your Auto Insurance if You’re Going to Make Deliveries
With much of the country practicing social distancing and self-quarantines due to the coronavirus pandemic, many companies are looking for delivery drivers to get groceries, takeout meals and other items to customers. If you’re looking to pick up some extra cash as a delivery driver and using your own car, be aware of possible auto […]
What is Personal Cyber Insurance and Why Do You Need It?
When you hear, “cyber attack,” you likely think of data breaches at a large company or retailer, but do you ever consider that you could be personally attacked? From a surprise virus to a deliberate rental scam, to deeply hurtful cyber-bullying, the threats you and your family face in the connected world are real and […]
Does My Small Business Need Cyber Insurance?
Most businesses invest in physical security and general liability insurance, but cybersecurity is usually limited to a firewall and some antivirus software. Unfortunately, this leaves many small businesses exposed to the high cost of cyber attacks – which are increasing in frequency. According to Gartner, a global research and advisory firm, 43% of major data […]
The Cost of Your Employees’ Fingerprints
In January 2019, The Illinois Supreme Court upheld consumers’ rights to sue companies for collecting their fingerprints without explicit consent. This precedent-setting case, Rosenbach v Six Flags Entertainment Corp, was the first to extend the interpretation of the Illinois Biometric Information Privacy Act (BIPA) holding that individuals do not need to prove they were actually […]
Personal Cyber Insurance: Protecting Our Digital Lives
It is often said that smartphones are more powerful than the computers used in the NASA 1969 Moon landing mission. The 2KB memory of the Apollo 11’s guidance system is tiny compared to today’s Apple or Android handsets. When coupled with always-on internet access, these devices open up a world of possibilities – but many […]
Should You Seek Out Umbrella Insurance?
Your son blinds a playmate with his BB gun. Your daughter rear-ends a car, causing serious injuries to its driver. A neighbor breaks his neck by diving into the shallow end of your swimming pool. Your teenager’s friend drinks liquor at your house, then paralyzes another driver in a car crash. You serve on the […]
Does Your Business Need Commercial Umbrella Insurance?
When you hear the term “commercial umbrella insurance,” what comes to mind? Many business owners aren’t entirely aware of what this type of coverage entails, or even what it means. Today, we are going to give you the answers to your most pressing questions on the topic! What is commercial umbrella insurance? Commercial umbrella insurance […]
What’s Covered by Umbrella Insurance?
Homeowners insurance protects you if, say, a fire burns your house to the ground. That’s a start. But you also need to think about protecting your home against something equally dangerous: a lawsuit. If a houseguest slips in the bathtub, you could get sued. Lose the lawsuit and you could lose all of your assets, […]
What is Commercial Umbrella Insurance?
Commercial umbrella coverage gives you extra liability coverage to help pay costs that exceed your general liability or other liability policy limits. Without this business insurance coverage, you’d have to pay out of pocket for expenses that cost more than your coverage limits, such as: Legal fees Medical bills Damage expenses A commercial umbrella policy […]
Umbrella Insurance is the New Liability Coverage
It seems as though the wealthier an individual is, the higher the risk of being sued. It’s just one of the downsides of being affluent, especially if that person is also a business owner. In opportunistic lawsuits, primary policies like standard car insurance, home insurance and a business owner’s policy do not fully protect a […]
Trucking’s Road to Zero Emissions
At the Work Truck Show’s Green Truck Summit in Indianapolis this past March, emcee John H. Davis, who has hosted and executive produced the PBS program “MotorWeek” for nearly 40 years, pointed to California’s recent regulations on truck emissions as some of the preeminent omens affecting the future of fleets’ operations and bottom line. He […]