What is a Statement of No Loss?

Okay, so you’ve missed your insurance payment and you coverage has lapsed. Yeah, that’s right; insurance is a no-pay, no-play game. If you don’t make a timely payment within the “grace period,” your coverage stops. If we’re talking about your car insurance, pull over. Don’t risk driving uninsured. The consequences can be dire. Try to [...]

Condominium Unit Owners Insurance

Unlike a homeowner’s insurance policy, condominium (and renters) insurance policies are designed to cover your personal property and liability, not the physical structure you live in. The coverage difference is due to a key aspect of insurance, which says you must have a financial interest in something in order to benefit financially from a loss. [...]

Five Insurance Fees To Watch Out For

Insurance can be one of the biggest expenses in our monthly budgets. Unfortunately, this doesn’t seem to stop insurers from tacking on fees when they sell us policies. While some are impossible to dodge, you may have more of a say than you think. Let’s look at the top five most common fees added to [...]

Do I Need Full Glass Coverage?

Insurance Q&A: “Do I need full glass coverage?” It seems like there is no end to the number of auto insurance coverage options available nowadays. Accident forgiveness, ticket forgiveness, personal injury protection, auto death indemnity…and now there are different types of auto glass coverage?  Where does it end? Well, believe it or not, auto glass [...]

Insurance Pricing Cycles: Hard vs. Soft Market

Similar to how the broader economy shifts from expansion to recession, the insurance market has a cycle as well. There are two distinct periods of the cycle, known as the “hard” and “soft” markets. While you would need an advanced degree in insurance to understand the concept completely, we’ll do our best to present the [...]