- Most people agree that honesty is the best policy, but when it comes to filling out insurance applications, many consumers are willing to fudge the truth to get a better rate. According to a recent study, an estimated 35 million Americans have lied on an insurance application.
- Almost one in three (29 percent) of the people who have lied on an insurance application have done so for car insurance. That amounts to 10.2 million Americans who were willing to lie to get the best coverage for the road.
- Following car insurance, false information is most likely to appear on applications for health insurance (22 percent), life insurance (21 percent), income protection insurance (8 percent), travel insurance (7 percent), home and contents insurance (7 percent) and pet insurance (5 percent).
- More men lie than women, but women are more likely than men to lie on an application in five of seven categories: health insurance, income protection insurance, travel insurance, home and contents insurance and pet insurance. Men lead women when it comes to lying on car insurance and life insurance applications.
- Taking creative liberties on your insurance application may seem like an innocent white lie, but it’s actually considered fraud, and the repercussions can be serious. If found out you may be charged a higher premium, denied a policy, or even charged with fraud, requiring you to pay a fine or even do jail time.
You need commercial auto insurance for any vehicle that your company uses for business purposes, any vehicle that has a commercial license plate or tag and any vehicle that is registered as a commercial auto.
You must also get commercial auto coverage if your employees will be driving or using vehicles in the course of doing business, whether making deliveries, driving people to the airport or running errands on behalf of the business.
If you use your vehicle for any of the following functions, you may also be required to get commercial coverage:
Renters insurance may not be required, but having a policy is certainly a smart idea. Here are some reasons why you should have renter’s insurance.
Why you might need renter’s insurance
Avoid paying out of pocket for stolen or damaged goods.
Having to pay out of pocket for damaged or stolen personal items in your rented apartment, condo or house is not ideal for most tenants. Additionally, your landlord’s insurance policy will not cover your personal belongings, making a separate renters insurance policy necessary for full coverage.
Protect yourself from liability
Keep in mind that renter’s insurance doesn’t just apply to your belongings. It can also protect you from liability in a situation such as a guest being injured in your home. If you don’t foresee having the funds to cover expensive medical bills or legal fees on your own, renters insurance can come in handy.
How to get renters insurance
Estimate the value of your personal property
The monetary value of your personal belongings in your rented space may be more than you think. Take an inventory of every item in your space – from electronics to art to home goods to clothing. Estimate the current value of these items (not what you paid for them) and tally them up. This is a good way to approximate how much insurance you will need in the event your belongings are stolen or destroyed.
Get a renter’s insurance quote
Just call one of our experienced insurance agents to help determine the best coverage and plan for your financial situation. Remember that a higher deductible means a lower insurance premium and a lower deductible means a higher premium – plan your renters insurance budget accordingly.
1. Verify your home is insured for its current value.
8. Find out what your limit is for Additional Living Expenses (ALE) and how you can expect the coverage to work.
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A common question asked of insurance agents is "Why are car insurance rates going up?"
This graphic shows the top 5 reasons.
Are you ever guilty of one or more of them?
Fortunately, our agency represents many companies and uses software to find the best coverage to fit your budget.
Call us today and see how much money you could be saving on your auto insurance.
There are benefits to growing older! At this life stage, you may be able to take advantage of several age-related discounts.
Home insurance is important for both homeowners and renters. Homeowners need to purchase insurance to protect their homes and personal property. Those who rent need insurance to protect their furniture and personal property. Everyone needs protection against liability for accidents that injure other people or damage their property.
Whether you live in tornado alley, wildfire zones or along coastlines prone to flooding and hurricanes – now is the time to properly insure your home and possessions.
In recent years severe weather disasters across the country have inflicted more than $43 billion in damage. But research suggests more than half of consumers do not have an inventory of their possessions. Now is the time to make sure you have properly insured your 'stuff.'
Creating a simple home inventory helps you track what you own and what it is worth, making important insurance decisions easier.
How to create a home inventory
With the start of a new school year just around the corner, college students who are moving out of the house or to a location off campus should strongly consider purchasing renters’ insurance in case any of their valuables are damaged or stolen.
Renters insurance for college students can be invaluable in the event of theft, fire, or any other unanticipated disaster. A policy can cover items such as laptops, jewelry, televisions, gaming consoles, speakers, and even furniture or clothing. In some cases, if you are living in a private, off-campus home, the landlord may require you to have renter’s insurance. Keep in mind that just because the owner of the home has insurance, it does not mean that your belongings are covered.
We strongly recommend that any parents sending their son or daughter off to college this year should consider purchasing renters’ insurance. A renter’s possessions are not covered under a landlord’s insurance policy. Nearly every freshman college student is being sent off to school with electronics, which are vital in completing their degree. Making sure these possessions are covered in the event of theft or disaster can save a lot of valuable time, heartache, and money.
There are many factors that can impact the cost of renters’ insurance which include, but are not limited to: location, credit score, whether you have pets, the company you choose, and how many items you are insuring.
There are three areas of protection offered by renters’ insurance: loss or damage to personal property, liability, and medical costs incurred by someone in your home.
If you decide to purchase a policy, talk with one of our insurance agents about what your individual needs are and they can tailor a policy that best fits your particular situation.
Your RV can help you and your family evacuate an area, and serve as a cost-effective, temporary living space if your home isn’t livable due to storm damage.
Here are a few tips to make sure your RV is hurricane ready.
Well in advance:
Various articles on protecting yourself & your family