Insurance Blog
Please read and comment on our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
April Is Financial Literacy Month, the Perfect Time to Review Your Insurance Needs
Posted: April 26, 2012
Choosing the Right Type and Amount of Insurance Coverage for Your Life Stage April is Financial Literacy Month and a reminder that major life milestones, as well as significant purchases and home alternations, can affect your insurance needs. To make the most of your insurance dollars, let us know about major events in your life, such as a marriage, a divorce or the birth...
The Dangers of Distracted Driving
Posted: April 11, 2012
April is National Distracted Driving Awareness month. Distracted driving is a dangerous epidemic on America's roadways. According to the National Highway Traffic Safety Administration (NHTSA), nearly 5,500 people were killed on U.S. roadways in 2009 as a result of distracted driving and an estimated 448,000 people were injured. REQUEST A AUTO INSURANCE QUOTE FROM RC4 INSURANCE AGENCY, LLC Has the following ever happened to you? ...
Why Are Homeowners Rates Increasing & Coverage Decreasing?
Posted: March 16, 2012
The answer to the questions is "catastrophe losses". Catastrophe losses have been increasing for the last 10 to 15 years. Thunderstorm/Tornadoes have decimated areas in the Southeast and Midwest. The term “catastrophe” in the property insurance industry denotes a natural or man-made disaster that is unusually severe. An event is designated a catastrophe by the industry when claims are expected to reach a certain dollar...
Minnesota Homeowners Insurance Legislation
Posted: March 8, 2012
The Minnesota Legislator has starting hearings on a new law relating to weather related homeowner insurance claims. The primary changes are: Allows insurers to employ separate deductibles or surcharges for homeowners with multiple weather claims (in my opinion this is a mixed bag for insurance consumers in Minnesota. Premiums will increase for homeowners with multiple claims which makes sense. Insurance carriers could, I mean will...
What is employment practices liability insurance (EPLI)?
Posted: February 21, 2012
EPLI covers businesses against claims by workers that their legal rights as employees of the company have been violated.The number of lawsuits filed by employees against their employers has been rising. While most suits are filed against large corporations, no company is immune to such lawsuits. Recognizing that smaller companies now need this kind of protection, some insurers provide this coverage as an endorsement to...
