Insurance Blog
Please read and comment on our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
Roof Replacement Cost Coverage May Soon Go Away
Posted: February 13, 2012
Allstate is the first company to make a major homeowner insurance coverage change. Depreciation in the cost of roof replacement due to storm damage may soon be the norm. Usually when one insurance company makes a major coverage change the rest follow. What this means for consumers is roof maintenance is going be the responsibility of the homeowner once again and not the insurance companies....
Minnesota Home Insurance Rate Increases Likely to Average 22%
Posted: February 10, 2012
We first warned in March of 2010 that significant changes were coming for homeowners insurance and 2012 is the year changes will begin. We think 22% will be the average increase in premium so many homeowners may get larger increases and reductions in coverage. Please contact us if you receive your homeowners insurance renewal so we can help mitigate your personal homeowners insurance impact. MINNEAPOLIS -...
Bar Beer Pong, Injuries and Insurance
Posted: February 9, 2012
I guess the moral of the story is don’t play beer pong at a bar and try to cross a highway on foot. The bar and the bar’s insurance company are NOT going to pay for your injuries. Note to self take a cab after playing beer pong. Good to know! NYC Judge Throws Out Beer Pong Lawsuit A judge has thrown out a New...
Ten Tips To Help You Improve Your Insurance Score
Posted: January 27, 2012
Credit scoring is here to stay for pricing insurance coverage. Please review the follow ten tips to help improve your insurance score and hopefully reduce your insurance cost. 1. Pay your bills on time. Timeliness in paying your bills improves your score. 2. Manage your outstanding balances. As a rule of thumb, maintain account balances at least 75 percent below your available credit....
The Good, The Bad, And The Details Behind Credit Scoring And Your Insurance
Posted: January 19, 2012
I am not a big fan of credit scoring as a rating-underwriting factor for insurance. Unfortunately credit scores are here to stay for personal insurance rating. The following article provides and explanation-information about the insurance industry use of credit scores. The goal of every insurance company is to correlate rates for insurance policies as closely as possible with the actual cost of claims. If insurers...
