You’ve got to hand it to Geico. They take a completely boring product, insurance, and make it interesting. Of course, they do so by throwing non-sequiturs at you in the form of talking cavemen, flying pigs, musical money stacks, and geckos with accents. When it comes down to it, they never really say a word [...]
Insurance Q&A: “What is a named insured?” You may come across this term when you are shopping for insurance coverage. While there shouldn’t be any trouble figuring out who a particular named insured will be for an insurance policy, it’s important to understand why an individual (or entity) is a named insured and what rights/obligations [...]
Yes, we’re referring to popular new programs such as Progressive Snapshot. Usage based insurance (UBI) is quickly being adopted by large auto insurance companies as a means to select drivers they prefer to insure, while providing these customers with lower premiums, according to a recent Weekly Credit Outlook from Moody’s . How Usage Based Insurance [...]
Insurance companies make more money when they retain customers over the long term because the acquisition cost (to advertise and issue policies) is one of the largest expenses they incur. Once you become a customer, if you don’t file any insurance claims, you’re a cash cow to the insurer. Every time your policy renews, they [...]
Allstate Insurance recently launched its so-called “Claim Satisfaction Guarantee,” which is currently available in 31 states. In short, Allstate policyholders who are dissatisfied with their insurance claims experience are able to receive up to a six-month insurance premium credit on their auto insurance policy. How It Works Perhaps your insurance adjuster didn’t call you back [...]