Recently, Florida lawmakers passed two bills that will make major changes to the auto and homeowners insurance markets in the state. The bills will now be sent to Governor Ron DeSantis, who must sign them before they become law. Here is a quick breakdown of both bills and how they will impact insurance in Florida: […]
An insurance rider is also known as an endorsement on your insurance policy. It is basically an optional provision attached to the policy that alters the coverage of your standard insurance policy. Riders are usually used to add additional coverage to the policy but can also be used to amend the terms of the policy […]
A recent Deloitte study found that while consumers remain fairly conservative when it comes to changes in consumer insurance products, they are also open to change, especially ones that give them more flexibility in coverages. The survey queried 1,000 U.S residents about the types of auto, home, and renters’ insurance concepts they’d prefer as well […]
Recommended insurance coverages can vary and change as you age, start a family and acquire more assets. We thought it might be fun to take a look at what insurance millennials should be carrying. Millennials are defined as adults between the ages of 23 and 39 years old in 2020. Here is a quick rundown […]
Like most scams, insurance scams are designed to separate you and your money. Even if you have never been the victim of insurance fraud, you are probably paying for it via a higher premium. According to the Federal Bureau of Investigation, the average U.S. family pays between $400 and $700 per year in increased insurance […]
The end of the extra $600 per week unemployment benefit will happen this week if Congress doesn’t manage to pass an extension and that could be a huge problem for many families. Over the last few months, Americans who qualify for unemployment insurance have received an extra $600 a week in federal assistance on top […]
If you have lost your job, seen your hours cut or are simply struggling to pay your bills during the pandemic you are not alone. Millions of people have had to skip payments on everything from mortgages and auto payments to their insurance bills. The insurance industry, as well as some state insurance departments are […]
New Jersey residents may see some relief from insurance premiums due to COVID-19 pandemic. Recently, the New Jersey Department of Banking and Insurance ordered insurers to provide financial relief to residents and businesses. The guidance was signed last week by Governor Phil Murphy and extends the grace periods during which insurance companies will not be […]
As most of the country has fallen under a shelter in place orders, personal travel has declined dramatically. According to data from Inrix, a traffic data analytics company, since late March to early April personal travel traffic in the U.S. dropped 47% compared to traffic in late February. In recent days and weeks, some of […]
Once you hit retirement, everything changes. You may have a new schedule, a new home and location as well as time to pursue your passions instead of worrying about getting to work. One other major change that you should absolutely take care of is your insurance coverage. While your new lifestyle may make some of […]