Do I Need Insurance for Undeveloped Property?
Posted: June 16, 2021
If you own undeveloped property, does it need to be protected with a separate insurance policy? The personal insurance section of your homeowners policy may cover vacant land up to a specific limit. If a lawsuit is filed against you for personal injury on the property, the policy limit may be too low. Personal insurance can be purchased separately or is one section of your...
Cash Settlement for Home Claims
Posted: June 15, 2021
Cash Settlement for Home Claims Replacement Cost Settlement Most of us don’t have home claims very often—but when we do, the types of coverages we have in place are important. The majority of insurance companies pay claims on a depreciated basis until the loss is repaired or replaced. Assuming 50% depreciation, a home loss of $100,000 after deductible would be paid at $50,000 up front—with...
Do I Need Boat Insurance for a Non-Motorized Boat?
Posted: June 1, 2021
Depending on where you live, you may not be legally required by the state to carry boat insurance for a non-motorized boat, but that is not the only reason to insure your boat. If you have invested in a sailboat, kayak, canoe, or RIB (rigid inflatable boat), boat insurance will protect your investment if the watercraft is damaged during an accident. It should also protect...
Driving Safely in Heavy Traffic
Posted: May 16, 2021
Navigating your vehicle in heavy traffic is stressful – and dangerous. To avoid a collision, follow these simple tips for safer driving in heavy traffic. Relax. You will eventually reach your destination, and being a few minutes late is better than being involved in a collision! Drive Defensively. Other drivers may drive aggressively, weaving in and out of traffic to try to save a few...
The Truth About Teen Drivers and Insurance
Posted: May 13, 2021
Illinois teens who took Driver’s Ed last fall will be eligible for their driver’s licenses this spring. Illinois teens who took Driver’s Ed last fall will be eligible for their driver’s licenses this spring. Let’s take a look at what goes into teen car insurance rates. Do teenage drivers increase premiums? In most cases, yes. After all, you’re extending your coverage to another driver—and not...
