Articles and Resources

10 states with the most uninsured motorists

Fewer Americans are driving without auto insurance, suggesting market penetration has increased in the past year, according to a new report from the Insurance Research Council (IRC).

In its “Uninsured Motorists” study, the IRC found that the number of uninsured motorists peaked in 2009 at 29.9%, and has been declining moderately ever since. In 2012, just 29.7 million were driving without insurance.


Renters Insurance Checklist

If you rent a house or apartment, your landlord’s insurance will only cover the costs of repairing the building if there is a fire or other disaster. You need your own coverage, known as renters or tenants insurance in order to financially protect yourself and your belongings.
Renters insurance includes three important types of financial protection, Coverage for Personal Possessions, Liability Protection, Additional Living Expenses


Business Insurance Options

Running a small business involves a significant investment. Business insurance protects your investment by minimizing financial risks associated with unexpected events such as a death of a partner, an injured employee, a lawsuit, or a natural disaster. Unless you are an employer, business insurance is generally not required by law, however, it is common practice to purchase enough insurance to cover your assets.


How to Insure Your Retirement Like You Do Your Car

You can insure your home and car from disasters and accidents. Life insurance essentially protects your family from the loss of your income should tragedy strike. You can’t insure your retirement accounts in the quite same way, but there are a few tried and true strategies that can safeguard them. There is no rule that you have to stop investing when you hit your golden years. One of the best hedges to outliving your retirement assets is to continue investing even when you reach retirement age.


What Is Covered by a Standard Homeowners Policy?

A standard homeowners insurance policy includes four essential types of coverage. They include coverage for the structure of your home, coverage for your personal belongings, liability protection, and additional living expenses in the event you are temporarily unable to live in your home because of a fire or other insured disaster.


How to Buy Disability Insurance

Nearly one-third of U.S. workers will become disabled at some point in their career before reaching retirement, according to a 2009 estimate from the Social Security Administration. Yet the federal agency says that 70% of employees aren’t covered by private long-term disability insurance. Social Security disability benefits are available for certain disabled workers, but the average payout is only 40% of a person’s income and the allowance rate for initial claims can be as low as 30% in some areas of the U.S.


63% of insurers believe wearables will transform industry – here’s how

Almost two-thirds of insurers expect wearable technology to have a “significant impact” on the industry, according to a new survey of global insurance executives conducted as part of Accenture’s yearly Technology Vision report. In particular, 63% believe that wearables will see wide-scale adoption in the next two years.


How to Fund Retirement with Insurance

How Does Insurance Translate into Retirement Savings? Most people think of the “death benefit” when purchasing an insurance policy. In a simple term insurance policy, you pay money now so that when you die your beneficiary gets the insurance benefit. There are other types of insurance which may be suitable as part of your retirement income stream. Cash value life insurance premiums are invested in mutual or investment funds, designed to increase in value.



How to Choose the Right Type of Life Insurance

Choosing the right type of life insurance is an important decision. Here are some guidelines that to narrow down your best life insurance options. Consider term life insurance if you need life insurance for a specific period of time. Term life insurance enables you to match your needs. For example, if you have young children and want to ensure that there will be funds to pay for their college education, you might buy 20-year term life insurance.


Understanding your home insurance policy

Home insurance policies are long, complicated and written in legalese. But it can really pay to know what’s in yours and how it works.

“Insurance is a complex product and there’s no harm and no shame in not fully understanding it,” says Alessandro Iuppa, former president of the National Association of Insurance Commissioners. “Most people don’t read a policy until they’ve had a claim denied, and that’s too late.”


Insurance Basics – Why Do I Need Insurance?

You’ve worked hard to build a solid financial footing for you and your family, so you want to be sure that everything is protected. Accidents and disasters can and do happen, and if you aren’t adequately insured, it could leave you in financial ruin. You need insurance to protect your life, your ability to earn income, and to keep a roof over your head.


Homeowners Could Benefit From New Breed of Security-Insurance Partnerships

For years, security companies have used the long-standing practice of insurers offering discounts to homeowners who install security systems as a selling point. So it was only a matter of time before security and insurance companies would create formal partnerships with benefits to all parties. Two such partnerships were announced recently, with large-scale insurers to provide additional benefits and incentives to each other’s customers.


State legislation jeopardizes flood insurance availability

Proposed legislation in Oklahoma could prevent flood insurance policies from being written or renewed in the state, the Tulsa World reported last week.

According to the Oklahoma Floodplain Managers Association, current bills in the state legislature that prohibit cities from regulating oil and natural gas drilling operations could also come into conflict with the National Flood Insurance Program


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