The Essentials of Insuring Antique Cars

Posted by Admin at October 03, 2011
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Today, more and more people are getting into collecting antique cars, which is why the number of insurance companies that are offering antique car and vintage car insurance policies has also increased. It is important to make sure that you have a car insurance policy which would be able to adequately cover your antique car because antique cars are usually more expensive than regular cars.

Antique cars or vintage cars are cars which are from the 1950s, 1960s or 1970s, and sometimes from even older decades. They have usually been preserved or reconditioned and can either be owned for the purpose of collecting them or driving them.

There are several considerations that you need to make when looking for an antique car insurance policy. Full Article…

Post Tags: Antique Cars Cars

Irene Destroys Small Town in Upstate New York #riskymonday

Posted by Ethan Kinnear at September 26, 2011
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For many East Coasters, Hurricane Irene caused large amounts of devastation as the storm ravaged towns and left millions of residents without power. Many were left stranded as Irene flooded coastal towns pushing water inland destroying roads and homes along its path. Check out the video and share your thoughts by commenting below or on Twitter using the hashtag #riskymonday.

#riskymonday, brought to you by Bankers Insurance Group, covers one important video highlighting the risks we face each week.

Full Article…

Post Tags: Town Town Upstate

Disability Insurance Risk Factors

Posted by Ethan Kinnear at September 23, 2011
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When you apply for a disability insurance policy, the insurance company, through their underwriting process, will evaluate the risk of becoming disabled that you present to the company.  In this post, I will address the main factors the underwriter looks at when determining your risk to the company.

I often write about how disability insurance companies group occupations into risk classes, or better known in the industry as occupations classes.  There isnt an industry-wide occupation classification system, but they all use a numerical system, with the highest numerical value (usually 6) representing the lowest risk class and, therefore, the lowest premium.  

Full Article…

Post Tags: Disability Insurance Risk

The Importance Of Getting Travel Insurance

Posted by Admin at September 21, 2011
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Going on vacation should be a fun and relaxing experience. However, things don’t always go as planned. Just like in your everyday life, things can break, items can get lost, and people can get sick. Fortunately, there is something that can be done to minimize the negative aspects that unexpected events can sometimes cause. Travel insurance coverage is a resource that is used specifically to handle those minor and major crises that can pop up while you are on vacation. Although most people aren’t fully aware of what travel insurance can cover, anyone wanting to take precautions for the truly unplanned should definitely look into the benefits that a travel insurance policy can provide.

How Can Getting Travel Insurance Be Beneficial:

1. Full Article…

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Understanding Claims Made Insurance in general liability insurance

Posted by Admin at September 16, 2011
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Many business owners choose to get their business and finances protected with the purchase of general liability insurance policies. You are encouraged to do so too, as a general liability policy will be able to protect you in cases of claims or lawsuits that are made against you. Do not look down upon liability risks, without the support of general liability insurance, you may feel the strain on your business and your finances when you are faced with claims or lawsuits. General liability insurance policies may be offered to you on a claims-made basis or on an occurrence basis. Full Article…

Post Tags: liability policy

Deconstructing the All-Risk Policy: The Smog, Smoke, Vapor or Gas Exclusion

Posted by Ethan Kinnear at August 27, 2011
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Continuing my breakdown of common all-risk insurance policy exclusions, I turn this week, to the smog, smoke, vapor or gas exclusion. While one might think that this type of exclusion would apply only to industrial or commercial properties, it can apply to homeowners’ claims as well, and it is important for all policyholders to understand.

One common issue that arises when this exclusion becomes relevant is how to define smoke, vapors or smog. Does the term smoke include harmful vapors? Do vapors differ from smoke, especially if they cannot be seen? A clear illustration of this is found in .

In this case, employees of a wholesale grocery warehouse noticed a chemical smell and a chemical substance dripping from the floor above which was not under their control. M

Full Article…

Post Tags: Exclusion Gas Exclusion

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