Monday, April 19, 2010

Do you have basic Insurance knowledge?

Only 45% of Americans feel confident in making insurance decisions according to a new survey done National Association of Insurance Commissioners. 60% of people did not know if their auto policy covered the personal property when stolen from their car or whether or not credit affects your auto insurance premiums. 86% of Americans do not understand the terms used to describe their auto liability limits such as 100/300/100, where the last figure represents the amount your insurance company will pay for the property you have damaged in an accident.

If you are like the majority of Americans and want to better understand your insurance policy give us a call!

Tuesday, April 13, 2010

Do I need an inventory of my stuff?

I get asked this question all the time. What happens if there is a fire and all my stuff is destroyed? Do I need an inventory to prove what I owned to the insurance company? The quick answer is no, it is not a requirement, however you are going to need to come up with the list of everything you lost in order to replace it. So while surfing one of my favorite sites I found a nice resource you can take a look at, has put together a list of the most popular ways people inventory their stuff. i personally like the idea of a video because you can just redo it whenever you need to and there is no cost but the time it takes to walk around your house, apartment or condo.

Another thing I would like to mention is that this is not only a good idea for you personally but it may also be a good idea for your business. Take the time to make some sort of inventory and then make sure you keep it off premises, it is just like making a backup of your hard drive.

Hope this helps!