Tag: Actual Cash Value

Flood Insurance

Flood Insurance What is Flood Insurance? Flood insurance covers damage caused by rising water. Floods can happen anywhere, anytime–not just in coastal areas or near lakes and rivers. Torrential rain, snowmelt, mudslides, dam failures and inadequate drainage systems can all cause flood losses. There are two types of flood policies: Preferred and Standard. The flood hazard zone you live in determines the type of policy...

Adjust Your Auto Policy To Protect You On Your Motorcycle

Although I’m a Risk Management Specialist, this subject will not be about the pros and cons of motorcycle ownership. There is an insurance coverage that is unknown to most, if not all, motorcycle riders I encounter – the coverage is Stacked Uninsured Motorist on their auto policy. What does your auto policy coverage have to do with your motorcycle one might ask? Uninsured Motorist coverage...

After a Car Accident

Immediately following a car accident, the most important thing is to ensure everyone involved is safe. If any injuries exist, be sure emergency services are called immediately so medical care can be administered as quickly as possible. If, thankfully, no one is seriously injured in the accident, you may find yourself wondering about the next steps once the dust settles and your adrenaline surge is...

Do I Have “Full Coverage?”

In the insurance industry we often get asked for policies providing “full coverage,” but this is not a straightforward request. “Full coverage,” is not technically an insurance term.  Many people use “full coverage” to refer to automobile insurance policies that carry both the liability coverage generally required to register a vehicle and coverage for the vehicle itself, specifically comprehensive and collision coverage. Having “full coverage” does...