Posted April 18th, 2012
by George Lewis
Rustling through your glove compartment to find a proof-of-insurance card could become a thing of the past.
A growing number of states are considering laws to let drivers show proof of car insurance with smartphones when registering cars or when pulled over at a traffic stop.
Thats great news for anybody whos suffered the embarrassment of searching for an insurance card amid fast-food wrappers, repair receipts and other odds and ends while a not-so-patient police officer watches.
Car insurance companies are all for it, too.
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Tags: Insurance, Insurance Prove Posted in Insurance News
Posted April 7th, 2012
by George Lewis
Auto gap insurance, also sometimes known as “totaled insurance” is a form of vehicle coverage that protects the loan amount of your car, SUV, van, or truck, in the case that it should be totaled, so that you will be sure to receive its actual cash value in order to replace it.
This form of coverage is virtually always required when a new car is being purchased, as the value of that vehicle depreciates starting the moment that it is driven out of the dealership. Many leased vehicles also require this coverage, as there is typically a discrepancy between the amount that is still owed on the car and the actual amount that would be paid by an insurance company if that vehicle is totaled. Tha
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Tags: Auto Gap, Auto Gap Insurance, Gap Insurance, Insurance Posted in Insurance News
Posted April 4th, 2012
by George Lewis
If you’re young and in the prime of your life, it’s tempting to ignore the need for life insurance. However, life insurance is an important part of financial planning that can protect the ones closest to you should anything happen to you.
Life insurance can:
- Protect beneficiaries’ quality of life / standard of living in the event they are hit with unanticipated expenses associated with the loss of a loved one.
- Cover outstanding debts.
- Cover college tuition, a mortgage, and/or daily living expenses.
- Cover funeral and burial expenses.
Fortunately for young families, life insurance doesn’t have to be a big expense, nor does it have to be a hassle to buy. You can Read more…
Tags: Insurance, Life Insurance Posted in Insurance News
Posted March 14th, 2012
by George Lewis
According to the results of the most recent Towers Watson Commercial Lines Insurance Pricing Survey (CLIPS), the prices for commercial insurance increased by a total of 3 percent throughout the final quarter last year, which completed a year in which every quarter saw rising prices for all lines of standard commercial products.
Furthermore, according to the report by the global professional services company, earned price increases are starting to compensate for the portions of the reported claim cost inflation levels.
Data from CLIPS showed that, yet again, the commercial property and workers’ compensation prices have demonstrated the largest quarterly hikes – within the mid- to high-range of the single digits – and that general/products liability followed close behind.
Though there had been a flat pricing through every quarter of 2010, 2011 showed an increasing trend throughout every quarter for workers’ compensation pricing. Commerc
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Tags: Commercial Insurance, Insurance, Towers Watson Posted in Insurance News
Posted March 5th, 2012
by George Lewis
Navigating the labyrinth of life insurance is easy if you have the right knowledge—and you’ve come to the right place. To zero in on a type of life insurance that brings great value and protection to you and your family check out term life insurance. Term life insurance is the one of the most common types of life insurance available because it is affordable and is easily customized to fit an individual’s needs.
What is Term Life Insurance?
There are two major forms of life insurance: Term life and whole life insurance (also known as permanent). Term
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Tags: Insurance, Life Insurance Posted in Insurance News
Posted November 24th, 2011
by Amelie Weedon
Assumption Life is one of Canada’s leading insurance carriers for non-medical life insurance solutions.
Its basic non-medical policy is called Total Protection and is available with as few as four questions. Face amounts can range from 5,000 to 50,000 and for amounts over $30,000, additional health questions are required. The policies are available to applicants age 18 to 80 and they come with a multi-life discount.
The policies are available on a deferred basis, that is, if death occurs within the first two years, by non-accidental means, the payout is limited to a return of premium, plus interest.
Assumption Life’s flagship non-medical life insurance plan is Golden Protection. Read more…
Tags: Assumption Life, Insurance, Life Insurance Posted in Insurance Updates