Search Results for: insurance

Many clients have questions about whether they should buy long-term insurance or self-insure. If you are able to afford self-insure, based on your financial planning, the decision comes down to whether or not you want to share the risk with an insurer. If possible, the goal is to eliminate the worst-case scenario. There are many long-term care […]

Before you are eligible for taxi insurance, there are some conditions you must meet. These conditions are intended to protect both the driver as well as the insurer. They might offer you a different package, but at a higher rate than other providers, if you don’t meet these conditions. The next step is to calculate the benefits and […]

Even though there aren’t many differences between private and business auto insurance, it’s important to note that the difference is not so obvious when the same driver uses the car for personal and business purposes. Many auto insurance companies recommend that a company owner purchase normal personal auto insurance for their car if there is only […]

Before you decide whether or not to provide taxi insurance, make sure that you have enough quotations. When quoting, the industry follows the principle of “utmost trust”. This means that taxi insurance companies will assume that you have provided accurate information. The company can cancel your entire policy if it later becomes clear that you are lying. This would […]

Driver’s license is a ticket to freedom and a pathway to adulthood for young adults. It also gives them the opportunity to experience independence. A set of keys and a driver’s licence allows teens to drive on their own, without the need for a mother, dad, government, or sister. A few months ago, a teenager couldn’t be […]

What determines the actual premiums for auto insurance? 1. Premium. Is it true that a lower insurance premium will always result in poor benefits compared to a more expensive policy? What type of premium should I expect for my car? You can ask for quotes from other insurers to compare rates. The following factors are used by most […]

Insurance is the number one choice when it comes to protecting your personal wealth and business assets. Insurance can be a valuable tool in protecting your assets. Insurance can not only be required by law by your lender or your landlord but it can also serve as a first line defense against potential liability lawsuits. To fully protect […]

Americans still spend thousands of dollars annually on their health care, even though employers pay a significant portion of the cost. According to the Kaiser Family Foundation, workers who have employer-sponsored health insurance pay $1,243 per year for single coverage and $5,588 per year for family coverage. For single coverage, the average annual deductible is $1644, while […]

Auto insurance can only be used to cover the vehicles listed on the policy. However, it is not a form or Personal Insurance. Many car insurance companies accept the Personal Auto Policy (PAP), which emphasizes the importance of personal attributes. Auto insurance policies, while covering vehicle(s), follow the name(s) listed on the Declaration Page, which is called […]

Med Pay (Medical Payments Coverage) and PIP (Personal Injury Protection Coverage) are first-party coverages that apply to the insured, their passengers, and sometimes other people. In states with no No Fault laws, Med Pay can be found. PIP is available in states where have no Fault laws. Med Pay will usually cover reasonable medical and funeral […]