The law clearly states that you should not have a vehicle on the road if it's not insured. In most states, the primary requirement is third-party coverage. However, you will find that many motorists operate their vehicles without coverage while others have expired insurance. In such cases, you will face legal repercussions if you get arrested for driving without insurance. You might also get in trouble with your insurance service provider if you don't renew your premium on time. [Read More]
What Affects The Price Of Business Liability Insurance?
Any organization paying for business liability insurance will want to know what affects the pricing of its policies. Given the diversity of businesses and their liability exposure, this amounts to lots of factors. However, an insurer will typically look at these four major factors to determine most of a policy's price. Traffic The simple number of people moving through a business on any given day dictates much of its liability exposure. [Read More]
Tips For Renewing Your Home Insurance Coverage
Home insurance companies sell annual coverage, and you must renew your coverage to enjoy continued protection once the coverage elapses. Your renewal steps determine several aspects of your coverage. For example, they determine your new rates. The renewal also determines whether you enjoy uninterrupted coverage. Below are some tips to enhance your home insurance renewal experience. Confirm Your Rates Your home insurance company will send you a renewal notification a few weeks before the renewal deadline. [Read More]
When To Hire An Insurance Damages Expert
An insurance damages expert is a professional that assesses property damage and provides information about the cost of fixing the damage and how the damage happened in the first place. You might want to hire one of these professionals in the following situations. Severe Property Damage Has Occurred If you have insured property that's severely damaged, then you want to find what you're looking at in terms of repair costs. Then you'll know how much to seek from your insurance provider and thus deal with the claims process in a much smoother fashion. [Read More]