Someone asked me who the best insurance company is. My answer is quite simple: I don’t know. Yes, I admit it. I don’t know. Why? Because the best insurance company depends on a variety of factors. Here are things you…
Posts Categorized In: Homeowners Insurance
Medical Authorizations: Another reason not to sign them
People ask my why I am against having you sign a medical authorization. The newest question centers on people who do not have a history of pre-existing conditions. You have a right to privacy. You may waive that right when…
Allstate Prevails in Texas on Hurricane Claims
A judge in Texas has ruled that Allstate does not have to pay for additional living expenses for people who had to move from their homes due to power outages. According to the Houston Chronicle, Allstate only has to pay…
Farmers Fined for Not Following Fair Claims Practices Act
Here is a story that warms my heart. I am not a big fan of fines, but an $11,000,000 fine is a good thing. Farmers Insurance was fined for not following the California Fair Claims Practices Act. WHOOPIE! Seriously. This…
Insurance, Elections and The Initiative Process
The initiative process is spiraling out of control in California. (For those of you who are not in California, we have a process where individuals, in theory, can have a measure placed on the ballot assuming they meet all sorts…
How to Buy Homeowners Insurance
In conjunction with my latest podcast, I am presenting some information on how to buy homeowners insurance. If you would rather listen to it, feel free. First, where can you buy insurance? Easy. Call around to several agents and brokers…
Is there a Statute of Limitations on Claims?
Someone asked me this recently. What are the statues of limitation on a theft claim to an insurance company? Let me share my answer. The statute of limitations deals with filing a lawsuit, or in some instances, a claim. So,…
That little claim: Do you need to report it?
Yes. But it is under your deductible? Yes, the policy still requires you to report it. But, the other person said they were not hurt and I want to pay for their damages? Yes, you still have to report it,…
Actual Cash Value – What is it?
I have had several people ask me a very important question. What is actual cash value? The funny part is that no one really knows for sure. It is not defined in your insurance policy. See, the auto policy will…
What happens when someone else’s property is stolen or damaged in your home?
What happens if you have your friend pick you up from the airport. (On Seinfeld, it would be something crazy, but in real life, it is a nice gesture!) You stop for some food and then jump back in the…