Scenario loss analysis is an invaluable way of evaluating the adequacy of your insurance program, but should not be used alone as the sole basis for coverage decisions. Woodruff Sawyer experts use qualitative factors, business goals, comparative benchmarking data and risk tolerance assessments combined with an in-depth knowledge of the insurance marketplace to assist companies […]

When your possessions are insured under a standard National Fire Insurance Program policy, they will be reimbursed according to an actual cash value (ACV) system. This refers to the cost to replace them less physical depreciation and any recoverable depreciation clause specified in your policy. Managed your claim involves understanding its process and challenging excessive […]

There are various types of dental insurance plans. Preferred provider organization (PPO) plans are popular because they offer more flexibility with choosing providers and tend to be more costly than their alternatives. A Dental Health Maintenance Organization (DHMO) plan may be less costly monthly, but only covers providers within its network. These plans also feature […]

You should typically only include immediate family members on your health insurance plan, whether by blood, marriage or adoption. Adding non-family members can cause premium costs to rise significantly while raising deductible costs substantially. Liability may increase when an insurance card is misused by another. Here we explore when it is acceptable for someone else […]

Texas real estate closings typically include purchasing an owner’s title insurance policy to protect the buyer’s investment in their new property, while lender policies protect lenders’ interest as well. Title companies research property ownership issues using document filings at the county clerk’s office; however, they cannot recognize problems caused by physical placement of improvements such […]

According to the Affordable Care Act (ACA), private health insurance plans must cover birth control without incurring out-of-pocket expenses. This includes all FDA-approved methods that your healthcare provider deems medically necessary for you. Men’s contraceptives (like condoms and vasectomies ) and vasectomies are covered by Medicaid; however, short term health insurance plans don’t have to […]

Homeowners insurance often covers water damage to certain extents. In the event that water damage occurs to your home, it’s essential that repairs be made immediately and an insurance claim be submitted promptly. According to the Insurance Information Institute (III), most standard homeowner policies cover sudden, accidental water damage. However, neglect or gradual deterioration due […]

Renters deciding to invest in rental insurance for washers and dryers should consider several factors before making their decision, such as their current value, level of reliance and terms of policy. If your appliances are of high value or located in a higher risk area, investing in rental insurance could be financially sensible. A cost-benefit […]

Most car insurance providers do not provide one-day policies; those that do may have minimum policy terms of 30 days as it’s simply not profitable to have cover for only a day or so. However, if you are borrowing or renting from someone else, they may already provide coverage through something called permissive use policies. […]

Like most states, California mandates car insurance for drivers in order to legally operate vehicles. At GEICO we offer several affordable types of coverage – as well as uninsured/underinsured motorist coverage – that make driving legal. California drivers found driving without car insurance will face fines and license suspension if caught driving without coverage. To […]