Insurance policies are written to indemnify the insured against damage or loss. They are not so that it ends up in a better position than they were prior to a loss. This is done to prevent incentives to having or creating losses that would end up costing the insurance company, and by extension other policyholders. […]
Don’t Get Sold: Go Independent
Independent insurance agents sell insurance policies from different insurance providers, rather than being captive agents to a single insurance company. We are not considered employees of a specific insurance company and do receive commissions for the policies that we sell. Captive agents are allowed only to sell the policies of the company that they work […]
Are You Going My Way? Self-Driving Cars are Coming!
Lexus RX450h retrofitted by Google for its driverless car fleet. Image Credit: Driving_Google_Self-Driving_Car.jpg: Steve Jurvetson, derivative work: Mariordo Great news! Self-driving cars are going to be a real thing! Not so great news! You’re still going to need auto insurance. Don’t kick your coverage to the curb just yet; there are a lot of things that […]
Why Millennials Aren’t Jumping Into Homeownership
Ask any talking heads on the financial shows and you’ll get as many answers as there are heads about why those pesky kids aren’t buying homes. Ask a Millennial and you’re going to get a whole lot of sarcastic answers. However, the breakdown of reasons why they’re not buying is far from simple, having to […]
It’s Not Just Gas: The Real Cost of Commuting
Remember how owning a car was so much more complicated and expensive than you thought at first? You thought about the payment, the gas, and the insurance you’d need, but not about depreciation, or the maintenance needed to keep it running. A lot of people underestimate the costs of commuting, too. It’s not just gas […]
Uber Broward: What Drivers and Riders Need to Know
Commissioners will begin debate on an ordinance that allows ride-sharing service Uber to largely regulate itself. This ordinance if passed would allow the company to operate using a six month temporary permit, even though the county believes that Uber lacks the required insurance for its drivers. The Commissioners Get an Ubering The law under consideration […]
Are You Ready for a Charge of Vehicular Homicide?
Recently a driver in Minnesota was charged with felony vehicular homicide resulting in death, among other charges such as careless driving and unlawful use of a wireless communications device while driving. The driver received and opened two messages at 3:57, and the accident was reported at 3:58. The victim, a 40 year-old bicyclist and mother […]
Really Dumb Ideas: “But It’s Paid For” Edition
Q: If I pay my car off do I still need to carry comprehensive and collision insurance? A: There are a lot of different factors to consider before changing your auto insurance coverage. While you may have been required to carry full coverage while paying off your car loan, common wisdom says that you should […]
Takedown, Shakedown, You’re Busted: Personal Injury Protection Fraud
A recent report in the Orlando Sentinel says that auto insurance fraud is no longer growing. This should be taken in the same spirit as news that Mount St. Helens no longer erupts. A 2012 law was designed to put the brakes on auto insurance fraud, but instead has resulted in Florida starring in an […]
Satisfying Workers’ Compensation Requirements in Construction
You’ve started a small business in construction, and now you have to figure out all of the requirements of your state for insurance and workers’ compensation. Most of the states in the U.S., barring a few exceptions, make it a requirement that employers buy and provide workers’ compensation insurance to their employees. Florida is no […]