Insurance Blog
Please read and comment on our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
PERSONAL VEHICLE RENTALS AND YOUR MINNESOTA AUTO INSURANCE POLICY
Posted: July 20, 2012
All personal auto insurance policies issued in Minnesota have statutory coverage when you rent a vehicle in the United States. All laws have limitations so here is the law for you to review: Minnesota Statute 65B.49 Subd. 5a. Rental vehicles. (a) Every plan of reparation security, wherever issued, insuring a natural person as named insured, covering private passenger vehicles as defined under section...
Prevent Dog Bites—And a Lawsuit; Average Cost of Dog Bite Claims Is On the Rise
Posted: June 22, 2012
Prevent Dog Bites—And a Lawsuit; Average Cost of Dog Bite Claims Is On the Rise Dog bites accounted for more than one-third of all homeowners insurance liability claim dollars paid out in 2011, costing nearly $479 million, according to the Insurance Information Institute (I.I.I.). An analysis of homeowners insurance data by the I.I.I. found that the average cost paid out for dog bite claims was...
ONE REASON WHY AUTO INSURANCE RATES WILL BE ON THE RISE IN 2012
Posted: June 1, 2012
Hail claims for vehicle damage spiked in 2011 Insurance losses for hail-related damage to vehicles more than doubled last year compared with the previous three years, an analysis by the Highway Loss Data Institute (HLDI) shows. Using information from insurers about weather-related losses under comprehensive coverage, HLDI matched the dates of those claims to hail events recorded by the National Oceanic and Atmospheric Administration to...
Eight Auto Insurance Myths
Posted: May 18, 2012
When purchasing car insurance, it’s important to understand the factors that affect your car insurance premium rates and coverage. But how do you differentiate between truth and fiction? A good place to start is by dispelling some common myths about auto insurance: Myth 1 – Color determines the price of auto insurance It doesn’t matter if your car is red, green or purple....
FIVE STEPS TO PREPARE YOUR BUSINESS FOR DISASTER
Posted: May 4, 2012
Severe weather in 2011 resulted in a U.S. record 14 billion-dollar disasters, according to the National Oceanic and Atmospheric Administration (NOAA). Meanwhile, natural disasters accounted for more than $107 billion in insured losses globally, while the catastrophic disasters resulted in more than $434 billion in economic losses, according to an annual report by Aon Benfield. Severe weather can be particularly disastrous for businesses. In...
