Uninsured motorists (UM) coverage provides insurance protection for bodily injury, and in some states property damage, caused by a motorist who is not insured. This coverage allows you to collect from your own insurance company as if it provided liability coverage for the negligent and uninsured driver. In contrast, underinsured motorists (UIM) coverage provides insurance [...]
The insurance industry calculates that property and casualty insurance fraud costs our society over $30 billion annually. According to some estimates, this insurance fraud adds about $200 to $300 annually to total insurance premiums for the average household. Auto insurance fraud accounts for a large segment of these losses, which are ultimately passed on to [...]
Wine connoisseurs enjoy the avid hunt for that perfect bottle of Grand Cru Burgundy. And as their collection grows, a desire arises for a roomy wine cellar and a burgeoning financial budget for this passion. Along with this investment comes a need for airtight insurance coverage, protection that a standard homeowners policy likely cannot provide. [...]
Do You Really Need Flood Insurance? According to the Federal Emergency Management Agency (FEMA), flooding can cause several billion dollars of property damage in the United States each year. If you are like many homeowners, however, you may be unaware that the standard homeowners insurance policy you buy does not cover flood losses. You may [...]
