Insurance Blog
Please read and comment on our blog about a wide variety of insurance topics. Please feel free to ask us any questions.
What Is An Insurance Score
Posted: January 7, 2010
I am not a big fan of insurance scoring but insurance scoring is quickly becoming the insurance industries favorite tool to evaluate risk. It is important to know how insurance scores are derived and used so everyone can manage credit to their benefit. What Is An Insurance Score An Insurance Bureau Score is a snapshot of a consumer’s insurance risk picture at a particular point...
Why You May Need A Personal Umbrella Policy
Posted: December 21, 2009
With a Personal Umbrella Insurance policy, you get an additional layer of liability coverage beyond that provided by your homeowner's, auto, boat, and recreational vehicle policies. Coverage is usually issued in one million dollar increments. What It Isn't Personal Umbrella Insurance does not provide basic home, auto, boat, or RV coverage. It only kicks in after the limits to these standard policies are exhausted. In...
Auto Insurance Coverage Choices Minnesota
Posted: November 18, 2009
Auto insurance will never qualify as "easy to understand" and that increases the chances you could make a costly mistake. I hope you know that your auto insurance actually provides seven primary types of coverage in Minnesota: three are mandatory and two are optional. Everybody is required to have Bodily Injury Liability, which provides coverage if you or anyone else is injured, and Property Liability...
What Type Of Coverage Do I Need for My Condo?
Posted: September 14, 2009
If you have purchased a condo or co-op, the bank will require insurance to protect its investment in your home. You may, however, need more insurance to cover your personal items, liability or fees that may be charged to you regarding shared areas of the building like the lobby. You will need two separate policies to protect your investment: 1. Your Own Insurance Policy. This...
What is Professional Liability/Errors & Omissions?
Posted: June 16, 2009
Errors and Omissions Insurance protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract. Coverage includes legal defense costs - no matter how baseless the allegations. Errors and Omissions Insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy....
