Archives: 2014
NHTSA: Car Crashes Cost $871 Billion
Posted: August 13, 2014
The financial and economic toll resulting from automotive accidents is north of $870 billion, according to a recent analysis performed by the National Highway Traffic Safety Administration (NHTSA). Based on 2010 data, car crashes cost $871 billion in losses, stemming from auto insurance costs, property damage and reduced quality of life resulting from injuries sustained in these accidents, NHTSA revealed. "No amount of money can...
Millennials Looking To Become Homeowners What Does That Mean For The Rental Development Boom?
Posted: August 7, 2014
While young people fresh out of college will often rent an apartment rather than buy a home, a new survey suggests that a significant portion of soon-to-be homeowners are millennials. Approximately 67% of Americans said they intend to buy a home in the future, with one-third saying the purchase will likely come within the next two years, according to homebuilding firm PulteGroup. Additionally, the survey...
Back To School Time So Protect Your college Student’s Possessions
Posted: August 6, 2014
Do you have a young adult heading off to college in the fall? College can be a fun time for the student but a stressful one for the parent. Reduce some of the stress by planning ahead to make sure your college student has appropriate insurance protection while away at school. Insurance companies cover full-time students under age 25 in various ways. You’ll want to...
Hands Free Doesn't Mean Distracted Free Driving
Posted: July 31, 2014
Even though hands-free devices are legal for motorists to use throughout the U.S., they're not considered to be safer than those that require physical manipulation. Based on a recent survey, though, most people believe that they are. Approximately 8 in 10 drivers said that they considered hands-free devices to be safer than using a handheld phone, according to a poll performed by the National Safety...
Fire Damage Another Factor Increasing Homeowner Insurance Rates
Posted: July 30, 2014
Thanks to homeowners insurance, policyholders can recover from property damage caused by fire relatively quickly. However, a new report indicates that the overall financial impact of fires has risen substantially in the past 30-plus years. The total cost of property fires in 2011 was $329 billion, according to newly released statistics from the National Fire Protection Association (NFPA). Adjusted for inflation, that's a 34% increase...
