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 »

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 »

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 »