Why are auto thefts increasing so much?
Car theft is on the rise. According to the Claims Journal, the national average of car thefts are up 30% since 2017. Thefts of catalytic converters and entire vehicles are happening at unprecedented rates across the country and are another reason auto insurance rates are increasing. Why is car theft on the rise? There are multiple reasons […]
Am I Bound to a Certain Pharmacy with My Medicare Part D?
Do I have to use a certain pharmacy with my Medicare Part D Prescription Drug Plan? Insurance companies have contracts with different pharmacies. Typically, the lowest prescription rates are tied to pharmacies that are “preferred” to a certain insurance plan or company. The next best rates may be found at pharmacies that are termed as […]
Can getting a divorce affect my life insurance policy? Yes.
When couples get married, meeting with their insurance agent and aligning coverages is very common. But important insurance changes are often overlooked while going through a divorce. These oversights can create some serious hardships for families left behind after unexpected deaths. These issues can be avoided if timely actions are taken. As a general rule, […]
Why should I buy a renters insurance policy?
Why should I buy renters insurance? If you’re like many renters out there, you might assume insurance isn’t necessary, especially if your landlord already has insurance for the home. Unfortunately, the policy your landlord purchased won’t cover all of your personal belongings inside your rented apartment, condominium, or house. Think about it. What would you […]
Easy things to do before leaving on your next vacation
Close your eyes and picture—wait, I guess that would make it hard to read—don’t close your eyes. Instead, picture this. You return from a nice seven-day trip feeling relaxed and refreshed. But then you walk into your house, and it’s a mess. The sink is full of dishes, you have clothes all over your floor […]
What is Equipment Breakdown Insurance Coverage?
You depend on computer and office equipment, electrical systems, air conditioning and heating systems. This equipment is subject to sudden and accidental breakdown. A breakdown can be not only expensive to repair, but can cause business interruption, which can translate to lost customers. Most standard property policies exclude equipment breakdown coverage. Equipment Breakdown Insurance pays […]
What is Employment Practices Liability Insurance?
Employment Practices Liability Insurance provides financial protection from a variety of employment suits and complaints. Discrimination, retaliation, and sexual harassment claims are the most common complaints. However, EPL Insurance can also protect you from lawsuits and administrative actions filed for wrongful discharge, defamation, invasion of privacy and other wrongful employment acts. It also covers defense […]
I do not take medications, do I have to get Medicare Part D?
What if I did not get Medicare Part D Prescription Drug coverage during my initial enrollment? Part D of Medicare is your prescription drug coverage. The Centers for Medicare and Medicaid Services (CMS) says anyone who is 65 years or older should start their Part D during their initial enrollment period. Clients often ask “If […]
How Can I Increase What I’m Able to Give to Charity?
I really want to do more to support the charities that I care about. How can I maximize my level of charitable giving? No matter how old we are, what we do for a living, how much money we make, or where we live – we all want to make a difference in the world. We […]
Record Quarterly Loss for the Insurance Industry in 2023
U.S. P/C Industry Posts Record Q1 Underwriting Loss: S&P May 24, 2023 / The Insurance Journal An analysis from S&P Global Market Intelligence found that the finger can be pointed at personal lines carriers for most of the property/casualty industry underwriting red ink during the first quarter. The U.S. P/C industry posted its largest […]