Congratulations on becoming a new home buyer! Statistics continue to show that one of the best ways to develop wealth and to enhance future retirement planning is by becoming a home owner. In order to protect this new asset, it is also very important that you place the correct type and amount of insurance on your new property.
From time to time we all may have the opportunity to either rent a car on vacation or maybe even borrow a friend’s car for any other reason. Do you ever wonder if your current auto insurance covers you when you rent a car and whether you should buy the insurance offered to you by the rental car company? (this is typically referred to as the LDW – Loss Damage Waiver or CDW – Collision Damage Waiver). Does my current auto insurance cover me when I’m borrowing a friend’s car? [Read more…]
The Insurance Center is proud to make a contribution to Hope Village for Children. Each quarter we forward the proceeds of any fund raisers conducted in the quarter. Hope Village is a great program and we are proud to support them in their mission!!
Have you ever been curious how your homeowners insurance policy works? You’ve come to the right place.
Here is a quick video we created for you which will walk you through the basics of your homeowners insurance policy.
by Bill Wilson, CPCU, ARM, AIM, AAM
Director, Big “I” Virtual University
Abstract: Although damage waiver fees are generally considered outrageous, most consumers should consider purchasing the waiver for short-term rentals. This article addresses the types of losses and expenses that a consumer can incur that may not be covered by their auto insurance or credit card coverage.
I recently read an article that said that 72% of Millennial households reside in rental housing and yet only 37% of those renters carried renter’s insurance. Perhaps our industry hasn’t been proactive enough in educating these new insurance purchasers to the exposures that they face as residents of non-owned buildings. Let’s take a quick look at what you are exposed to!!
From time to time, it’s almost certain that you will either rent a car for business or for vacation or maybe just borrow a neighbor’s pickup truck to use for a day or two! When you do this you may wonder….”Am I covered while I’m using a non-owned auto?”
Let’s take a look at this question from two different perspectives
So your grown kids don’t like the real world that much and are thinking about moving back in! Not only that, but they are still using your car!! What’s wrong with this picture?
Sociologists have coined a phrase to replace the term “empty nesters” with the term “open nesters”. This is for those semi-independent kids who leave the nest then come back and then leave and then come back – like a boomerang. And the big question is, “Are these grown kids covered under my car insurance policy?”
What is Mississippi Auto Liability Insurance and why do I have to buy it? Also, how much auto liability insurance am I required to purchase?
In a nutshell, liability insurance is the type of coverage that provides you funds to pay for injuries or property damages that you cause to others.
For instance, if you run a red light and cause an accident, you would be legally responsible for paying for the injuries sustained by others and well as for the damage to their property.
Too often I read articles about injuries, most often of children, caused by the the use or misuse of golf carts.
Parents learn golf carts can be dangerous as son recovers from accident.
The big question then is this: