Stated Value or Agreed Value Insurance for Classic Cars?

Do you own a restored vehicle, classic/antique car, sports car, hot rod, show car, or custom car? If it is insured on your regular auto insurance policy, you probably don’t have the coverage you think you do. Continue reading

Loan/Lease Payoff Coverage: Gap Insurance for Car / Auto

Many auto insurance companies, like Metlife & Travelers, offer Gap insurance (sometimes called Guaranteed Auto Protection) to pay off the difference between your loan and the market value of your car, which your car insurance company pays, when your car is a total loss. Some auto insurance companies, like Progressive insurance, offer a limited version of gap insurance, called Loan/Lease Payoff Coverage.

When you buy a new or used car, many dealerships want you to buy their gap insurance. Who has the least expensive gap coverage? What is the best gap insurance coverage, or the best way to buy it? Do you need gap coverage? This blog post will give you the information to help you make an informed decision about gap insurance / loan or lease Payoff coverage. Continue reading

Arkansas Home Insurance Reviews: Complaint Ratings for 20 Major Companies

Does your homeowners insurance company have a large amount of customer complaints? Will you have problems placing a claim, or have a valid claim delayed or denied? Are you insured with a good or bad company? Most consumers fail to check the complaint records of their insurance companies. This blog post provides complaint information for the 20 largest Arkansas home insurance companies, covering 86% of the 2010 Arkansas home insurance market, and rates them based on their 2010 national complaint record (Accurate 2011 complaint records are not available yet). I also include a list of the 5 homeowners insurance companies with the most confirmed complaints in 2010, made by customers in Arkansas. Sort out the best companies from the worst companies. Continue reading

Arkansas Auto Insurance Reviews: Complaint Ratings for 20 Major Companies

Does your auto insurance company have a large amount of customer complaints? Will you have problems placing a claim, or have a valid claim delayed or denied? Is your company good or bad? Most consumers fail to check the complaint records of their insurance companies. This blog post provides complaint information for the 20 largest Arkansas car insurance companies, covering 80% of the 2010 Arkansas car insurance market, and rates them based on their 2010 national complaint record (2011 complaint records are not available yet). I also include a list of the top 10 auto insurance companies with the most confirmed complaints in 2010 made by customers in Arkansas.Know the best and worst companies in Arkansas. Continue reading

Acts of God Not Covered By Insurance?

Every once in a while, I will run across a situation where someone asks are acts of God covered by their insurance, or someone claiming acts of God are excluded from their insurance. This has mystified me, because I spent many years working in the personal insurance industry, and I never saw the words “act of God” in an insurance policy, either covering them or excluding them. I can’t say this term is not used in any insurance policy, but I have not seen it used in auto or home insurance. Continue reading

Progressive FAQ – Auto / Car Insurance

This blog post is not so much about frequently asked questions regarding Progressive car insurance, as it is information, from someone with a lot of experience selling auto insurance, about Progressive insurance, which can help you shop your auto insurance and get the best price Progressive can offer you. Continue reading

American Modern Insurance Reviews, Complaint Ratings & Alternatives When Your Home Insurance is Canceled

I have blogged before about your best option, when your home insurance is being canceled by your insurance company, is to appeal your homeowners insurance cancellation, and see if your insurance company will reinstate your home insurance coverage. Continue reading

Alabama Home Insurance Reviews: Complaint Rankings for 25 Major Companies

Does your homeowners insurance company have a large amount of customer complaints? Will you have problems placing a claim, or have a valid claim delayed or denied? Is your company good or bad? Most consumers fail to check the complaint records of their insurance companies. This blog post provides complaint information for the 25 largest Alabama homeowners insurance companies, covering more than 90% of the 2010 Alabama home insurance market, and rates them based on their 2010 complaint record (2011 complaint records are not available yet). Find out the best and worst companies. Continue reading

Bicycle Accident Insurance

Per the National Highway Traffic Safety Association, 51,000 pedal cyclists were injured in motor vehicle accidents in 2009. Most bicyclists are aware of the risk of injury when sharing the road with cars. But did you know bicyclists can be sued if they are at fault for these accidents, or if the bicyclist is responsible for injuring someone while biking? Continue reading

Accident Forgiveness

If you are involved in an accident, you are 50% at fault or more, and a certain amount is paid out for the claim by the insurance company ($500, $750, or $1000, depending on the company, and sometimes state law) you will lose good driving discounts and be surcharged, sometimes as much as 40% of the base rates.

Some insurance companies will not surcharge you for your first at-fault accident if you have been at-fault accident free, and insured with them for a certain period of time, such as 5 years. This benefit is called Accident Forgiveness. Continue reading

Mortgage Protection Life Insurance: Scam?

Mortgage Protection insurance is aggressively marketed by banks & insurance agents, such as NAANational Agents Alliance — to new & old home owners alike, so if you own a home, or you are about to buy a home, you need to know if this insurance is something you should consider buying. Continue reading

Replacement Cost Guarantee or Extended Replacement Cost Homeowners Insurance

I have mentioned before, unlike auto insurance, there can be a huge difference in the home insurance coverage offered by insurance companies. One major difference is whether an insurance company offers a guarantee to rebuild your home, no matter what the cost to rebuild it.

For example, you buy homeowners insurance, and the insurance company determines you need $200,000 to rebuild your home. 6 months later, your house burns to the ground. The actual cost to rebuild your home is $280,000. Depending on the insurance company you chose, and the coverage options they offer, you may get only $200,000 for your claim, or $240,000, if you have an extended replacement cost option, or the full $280,00 it takes to rebuild, if you have a replacement cost guarantee.

If you have the replacement cost guarantee, you will get whatever it costs to rebuild — even if it costs $500,000 — to have your house rebuilt to the same size and quality of the house before it was damaged.

So, if you have 1,200 square foot, 2 bed room, tract home, the insurance company will rebuild you a 1,200 square foot, 2 bedroom tract home, no matter what the cost, but they won’t pay more to upgrade your kitchen, give you a third bedroom, or more square footage.

I’m blogging today to explain homeowners insurance replacement cost options to rebuild your home, why they are so important, and how to find insurance companies with the best home insurance coverage options for you. Continue reading

Vanishing Deductible: Nationwide Insurance

There is some good information on the Internet reviewing Nationwide‘s Vanishing deductible option, and how it could cost some customers more money than they save by having their deductible vanish. But there is one serious misconception some of these articles make regarding why the vanishing deductible is a good idea for some customers, and an important point or two left out of other reviews of the vanishing deductible.

I’ll clear up the misconception, and explain what has been missed by other reviews, and tell you why I don’t think Nationwide’s Vanishing Deductible option is a good idea for anyone. I’ll also suggest an option on how to get a deductible credit that really saves you money, you can do with any insurance company. Continue reading

$9 Car Insurance?

I have seen ads on the Internet for Web sites promising “discount” auto insurance. I consider these ads misleading. Some ads go as far to promise a “trick” to get $9 insurance, or the government will pay half your auto insurance for you. Don’t fall for scams, but the truth is you really CAN save a lot of money on car insurance, and I’ll tell you how! Continue reading

Bad Driver Insurance Quotes: How to Shop for the Best Rates

Maybe you have a few tickets, accidents or claims on your driving record. Maybe you are recently licensed. Maybe you have not had car insurance for over 30 days. Maybe you have a child or spouse in your household with a poor driving record, uninsured accident, license suspension, DUI, or reckless driving offense. There are many situations where insurance companies may classify you as a “bad” risk, and cancel your auto insurance, or refuse to insure you. Continue reading

Best Insurance Websites: Insurance Quotes In 2012

You need to be careful when shopping for auto & home insurance on the Internet. Many insurance websites say they will provide online insurance quotes from multiple insurance companies, but they don’t give you online price quotes.

I used one of these websites once, and after I entered some information about me, my driving record, and my car, a chart popped up giving price ranges for a long list of insurance companies.

For example, Company “X” will cost me $800 to $1,500. I knew these insurance company price ranges had nothing to do with an actual insurance price quote for me, and I have no doubt everyone using the website received the same price ranges. I felt ripped off and deceived.

This blog post will discuss the pros & cons of getting insurance quotes from various websites on the Internet, what to expect, the best ways to do it, and how to avoid being misled by inaccurate price quotes. Continue reading

Car Contents Not Covered By Auto Insurance

Do you have any personal property you keep in your car? Clothes? Laptop computer? Ipod? Your child’s car seat or toys? Electronic devices? DVDs? A gym bag? An extensive CD collection? How about the items you buy after you go shopping? How about tools you keep in your pick up? What if someone broke into your car and stole them? None of these items are covered by your standard personal auto insurance policy.

I’m blogging today to help you avoid the theft of personal property from your car, know what is commonly covered and not covered, and get the insurance you need. The last thing customers want to hear when they call to report a claim is to find out they are not covered. Continue reading

Personal Liability Coverage: Slander, Libel, Defamation of Character, & More

Most people know they have personal liability insurance coverage on their home / condo / mobile home / renters insurance to protect them and their family from lawsuits if someone gets injured on their home property.

This liability coverage extends to the non-business activities for you and your resident family members, too. For example, your son accidentally injures a playmate while playing a pick-up game of baseball.

But what coverage do you have if someone sues you for libel for something your teenager said about them on the Internet? The basic homeowners, renters, condo, or mobile home insurance policy does not cover you in this situation.

Did you know, for a few dollars more a year, you can protect you and your family from lawsuits arising from false arrest, false imprisonment, wrongful eviction, wrongful detention, malicious prosecution, libel, slander, defamation of character or invasion of rights of privacy? Continue reading

Loss Assessment Coverage

If you are a home owner belonging to a homeowners association or condo association, you most likely do not have enough of an important optional insurance coverage on your home insurance or condo insurance policy, called loss assessments coverage, which can cost you tens of thousands of dollars, if not more. Continue reading

Texas Auto Insurance Reviews: Complaint Ratings for 40 Major Companies

Does your car insurance company have a large amount of customer complaints? Will you have problems placing a claim, or have a valid claim delayed or denied? Is your company very good, or very bad? Most consumers fail to check the complaint records of their insurance companies. This blog post provides complaint information for the 40 largest (by Texas market share) auto insurance companies, covering over 92% of the Texas car insurance market, and rates them based on their 2010 complaint record (Accurate 2011 complaint records are not available yet). Learn which companies are best and worst. Continue reading

Progressive Name Your Own Price Auto Insurance

I saw a brief Progressive car insurance ad last night on TV promoting their name your own price online car insurance tool. This tool, available on Progressive‘s website, has been around for a couple of years, but it has not been promoted by Progressive as much recently as it was when it was first launched. Continue reading

Texas Home Insurance Reviews: Complaint Ratings for 40 Big Companies

Does your homeowners insurance company have a large amount of customer complaints? Will you have problems placing a claim, or have a valid claim delayed or denied? Do you really know if your company is good or bad? Most consumers fail to check the complaint records of their insurance companies. This blog post provides complaint information for the 40 largest (by Texas market share) home insurance companies, covering over 92% of the Texas home insurance market, and rates them based on their 2010 complaint record (2011 complaint records are not available yet). Learn about the best & worst companies. Continue reading

State Farm or Allstate?

State Farm is the largest auto & home insurer in the USA, and Allstate is the second largest car & homeowners insurer in the USA. Which insurance company is better? I will review the strengths & weaknesses of both insurance companies, to help you decide, if you are considering insuring with either insurance company. Continue reading

Insurance Agents Work for You

One of the advantages of shopping for insurance online is you can find out the price, without having to speak with an insurance sales person, and avoid someone trying to sell you an insurance policy. But this advantage is often a disadvantage to getting the best price for your insurance. Continue reading