Fast Claim Settlement Tips

| Auto insurance, Fire Insurance, Home Insurance, Homeowners Insurance, Insurance Claims, Insurance education.

Insurance claims are never fun. However, if something bad happens our goal is to make sure you are treated fairly and your claim is handled promptly.  To ensure that, here are 5 tips for a fast claim settlement that should help the process go smoothly. Report the incident quickly. The sooner you file the claim,… Read more »

5 Preventable Homeowners Insurance Claims

| Condominium Insurance, Home Insurance, Insurance Claims, Renters Insurance.

Even with the best home, condo, or renters insurance filing a claim is never an enjoyable experience. At Safeguard Insurance our goal is to make sure your claim is handled fairly and promptly. However, we would rather avoid the entire process if possible. With that in mind, here are 5 preventable homeowners insurance claims and what… Read more »

Coverage Parts of an Auto Insurance Policy

| Auto insurance, Risk Management.

At Safeguard Insurance, we think it is critically important for our customers to understand what coverage is provided by their insurance policies before a claim occurs.   That is especially true of an auto insurance policy, which has many coverage parts and optional endorsements.   Let’s examine the various parts an auto insurance policy, in… Read more »

OEM Versus Aftermarket Collision Parts

| Auto insurance, Insurance Claims, Insurance education.

There are two sides to every story, the saying goes.  This is certainly true in the ongoing debate about OEM (original equipment manufacturer) versus aftermarket collision repair parts.  Auto manufacturers contend that some aftermarket parts do not fit properly and may not perform the same in subsequent collisions.  Aftermarket suppliers contend that certified parts are equivalent in… Read more »

Why You Should Read Your Insurance Policy

| Auto insurance, Business Insurance, Condominium Insurance, Earthquake Insurance, Flood Insurance, Garage Insurance, General Liability Insurance, Homeowners Insurance, Insurance Claims, Insurance education, Renters Insurance, Risk Management, Workers Compensation Insurance.

An insurance policy is nothing more than a contract between you, the policyholder, and the insurance company.   Because the insurer develops the policy verbiage and structure, insurance contracts are considered “contracts of adhesion“.   This means the policyholder has almost no ability to modify the language of the contract.  It does not mean, however, that you should… Read more »

Commercial General Liability Insurance: Coverage and Exclusions

| Business Insurance, General Liability Insurance, Insurance Claims, Insurance education, Risk Management.

In our many years of providing business insurance in Las Vegas, we have found that commercial general liability insurance (CGL) coverage is one of the most commonly requested, and yet least understood types of policy.   Part of the problem may be in the name:  “general liability”. It sounds broad, all-encompassing, and comprehensive. In many respects the CGL policy… Read more »

The Nevada Insurance Commissioner: A Consumer Friendly Watchdog

| Auto insurance, Business Insurance, Earthquake Insurance, Flood Insurance, General Liability Insurance, Homeowners Insurance, Insurance Claims, Insurance education, Risk Management, Uncategorized, Workers Compensation Insurance.

Overall, most consumers are satisfied with their choice in insurance companies.   Studies by JD Power and other organizations (including the insurance companies themselves) show that about 94% of customers are happy with the outcome of a claim.   The insurance industry is very sensitive to public perception and works diligently to provide a positive claim and… Read more »

The Insurance Claim Process

| Insurance Claims, Insurance education, Risk Management.

At some point in your life, you will be involved in the insurance claim process.   You might be a 3rd party claimant collecting from another person’s insurance company.  Or, a 1st party claimant seeking coverage from your own insurance policy.   Either way, there are some important tips that can help minimize the headaches and maximize your settlement:… Read more »

Take a Home Inventory!

| Home Safety Tips, Homeowners Insurance, Insurance Claims, Insurance education.

Imagine for a moment that your home catches on fire and is completely destroyed. The house and all your personal possessions are either burned or a soggy wet mess. Think it will never happen to you?   We certainly hope so too, but this scenario does happen and far too often. To protect yourself, take a home inventory! A Devastating Fire… Read more »

Market Value Versus Replacement Value

| Homeowners Insurance, Insurance education.

If you own a home in Las Vegas that was purchased before 2008, you have likely seen the value of your home fall dramatically.   At Safeguard Insurance, we hear from customers almost daily wondering why, if their home is now worth $150,000, are we insuring it for $275,000?   To answer this question, we need to dive deeper into… Read more »

Preventing The Rear-Ender

| Auto insurance, Insurance education.

My daily commute to our office on Warm Springs requires that I drive on a stretch of US95 currently undergoing an extensive lane widening project.   Like all such road construction projects, this one seems like it is taking far too long to complete.   Traffic was already heavy on this stretch of highway and now, with… Read more »

Is Bigger Better?

| Auto insurance, Business Insurance, Homeowners Insurance, Insurance education.

You might be surprised to know that world’s largest insurer is headquartered in… Japan.    In 2009, Japan Post Insurance Co Ltd was easily the world’s largest insurer with total assets of $1,095,621,460,000 – just over $1 trillion!   The list trickles down from there with Axa in the #2 spot and AIG (who had occupied the #1 spot for many… Read more »