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 »

Auto Insurance – Cheap!

| Auto insurance, Insurance education.

Lately it seems every other television advertisement is an auto insurance company yammering about their super low prices.  In 2009, when most other industries reduced marketing budgets, auto insurers actually increased ad spending – to slightly over $2 billion total.  Geico, Progressive, Allstate and State Farm collectively accounted for about 75% of all auto insurance advertising dollars, with… Read more »