Uber and Lyft drivers have special needs when it comes to car insurance. Like virtually all drivers, they need to carry personal liability insurance. And they probably want to buy full coverage to protect against damage to their vehicles. Effective July 7, 2016, we are introducing a Ride-share insurance. This is an excellent option for our customers who use their personal automobile to transport people as part of a ride-share service such as Uber or Lyft. This optional Ride-share insurance endorsement extends...
On March 21, 2014 President Obama signed and put into law the Homeowners Flood Insurance Affordable Act (HFIAA). The act was drafted to repeal and modify parts of the Biggert-Waters Flood Insurance Act (BW-12) of 2012. In the last decade, various areas of the US have incurred hurricanes and storms that ripped through causing extensive damage. We all remember footage of the devastation that hurricanes Katrina (2005) and Sandy (2012) left behind. Many properties were destroyed, washed away, and in...
The property and casualty insurance industry derives nearly 40 percent of its premiums from vehicle insurance. So driverless cars, in particular, could put a major dent in the sale of coverage for personal and commercial vehicles. Driverless cars car insurance rate If driverless cars become a reality, and if, as a result, there is a dramatic reduction in the number and severity of vehicle-related accidents. Therefore, there is no doubt it is going to have a major impact on auto insurance. It’s...
The Insurance Information Institute (III) has found that one out of every twenty homeowners has had a claim. The most severe losses occurring with fire, lightning, and debris removal, with the average claim costing $31K. Many homeowners are under-insured by a few thousand dollars according to United Policyholders. (An insurance consumer advocacy group in San Francisco.) Due to devastating loss from damage to a home could be a life-altering event. Some people don’t have a lot of extra money just...
Here are our tips on how to save on Car Insurance, know that one of the most effective ways is to compare quotes from multiple car insurance companies. We hope our tips will be a big help to you guys. Compare Multiple Car Insurance quotes Comparison shopping is the single most important thing you can do to get the best possible rates on auto insurance. Prices for the same coverage can vary greatly from one insurance company to another. It’s wise...
