Category archive: Insurance Basics

We’ve previously discussed when you should consider purchasing home, auto and life insurance. This week’s article will point out a few of life’s events when you should review or update your home and auto policies to make sure you’re properly covered. Buying or leasing a new vehicle? This is the most common event we see…

One of the most common terms in the insurance industry is “deductible”, but what is it and how does it apply to your insurance policy? If you read our previous blog on managing risk you may remember that the deductible on a policy is a form of retention for the policyholder. A deductible is the…

How can we manage risk? Risk is typically managed in three ways: avoid, retain and transfer. Avoid: If the risk of loss is too high and can be avoided, you steer clear of it altogether. Retain:¬†This is where you hold onto the risk and are able, or willing to, absorb it yourself. As an example,…

This is the last installment in our series on when you should consider purchasing insurance. Today’s topic will cover life insurance and the various points in life you should obtain or review your policies. It is important to note that we will not be covering the different types of life insurance and their specific purposes….

Last week we discussed when you should purchase your own homeowner’s or renter’s insurance. This week’s article is the second in the three part series and will focus on when you should purchase your own auto insurance. When it comes to auto insurance, the most common safeguard we see is a car dealership requiring proof…

Today’s article will be the first in a three part series about when you need your own insurance. We will begin by discussing homeowner’s or renter’s insurance. In today’s world, there are a number of safeguards in place to make sure you have the proper coverage in place. The most common safeguards we see are…

Most everyone wants to know what affects their premium, and rightfully so! How can you take the proper steps to reduce your payments if you don’t know what’s affecting the premium? We’re going to look at this from two different types of policies, the auto policy and homeowner’s policy. It’s important to understand that insurance…

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