Mike, I’ve heard horror stories of how much it costs to add my kids to my insurance policy. How can we keep our costs down when my kids start driving? - Sarah Sarah, Teens are expensive to insure and there’s good reason for that. There’s a high probability that a young driver will be in [...]
Mike, A friend recently told me she purchased an umbrella policy, which covers both her home and cars. Should I purchase an umbrella policy? -Jennifer Jennifer, An umbrella policy doesn’t replace your home and auto insurance, but rather adds additional coverage on top of your home and auto to protect you from a catastrophic claim. Umbrella policies were first offered in 1949 [...]
Whether your business has significant assets, or just a one office show, you should understand how your co insurance clause works because it can mean big losses at the time of a claim. If you are under insuring your property, Co-insurance can result in costly penalties if you aren’t paying attention. What is co-insurance? It’s [...]
If you’re familiar with the National Flood Insurance Program (NFIP) offered through FEMA, you know how limited it is. And for the past 50 years, it was your only choice. Many people are surprised to learn that a flood is excluded by their standard home insurance coverage. If you want coverage for a flood, you [...]
Chances are you’re insured against losses from a burglar physically breaking into your home or business. But what about losses from cyber attacks? Cyber liability is the fastest growing category of claims in the commercial insurance sector, but very few commercial policies automatically include cyber-liability coverage. A single cyber attack can cost a small business [...]
Mike: My neighbor recently had to replace his sewer line running underground from his house to the street. Does insurance cover this ? -Bill Bill: Up until this year, I wasn’t aware of a single insurance company that offered coverage for your sewer line. Damage to a sewer line was almost never covered because the [...]
The Action Center is attempting to break the world record for the largest sock drive in the world! Estimates put the number of homeless people in Colorado at 10,587 people. The Action Center's goal is to raise 10,587 pairs of socks on December 4th between 12pm - 5pm. We are collecting socks at our office [...]
Want to lower your car insurance rates? Get married and raise your credit score. What do marriage and credit scores have to do with car insurance? 47 states allow insurance companies to use credit scores to determine car insurance rates, the exceptions being Massachusetts, Hawaii and California. Insurance companies use credit scores to determine rates [...]
Vacation Rental by Owner, or VRBO, is currently the fastest growing rental segment in the U.S. Short Term Rentals came about primarily because of the high cost of owning a second home. Many second homes are only used 2 – 3 months of the year. VRBO allows the owner to rent out their property on a [...]
Mike: Every time I rent a car, I say ‘no’ to the insurance offer from the rental car agency. Is that a good idea? - Brad. Brad, This is one of the most common questions I hear from my clients. Like you, I personally waive the offer of coverage from rental car companies. However, there [...]
