This came to me today through my Google news. I am not quite sure what to make of this study. Here are the highlights: Drivers living near churches are less likely to be in accidents Drivers living near forests are…
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State Farm Hit for $8 MILLION in Punitive Damages
State Farm has been hit for $8,000,000 in punitive damages in Kansas. Unfortunately, Kansas law has a cap on non-economic damages (non-economic damages are damages for things other than wage loss, medical bills, repair or replacement cost of the vehicle)….
6 Questions to Help Determine If Your Claim is Covered
These six questions were taught to me when I was a young adjuster. I do not recommend you try to get into complex coverage issues without speaking to someone who has done this. But, if you want to know the…
Are You At Fault When You Have No Insurance?
This issues gets brought up all the time. I have had people call me and say “Your client is at fault for this accident.” I ask, “Why?” They say, “He was uninsured. You cannot drive without insurance. So, he should…
Fees on Insurance Products
When you buy an insurance product, do you know how much of a fee you are paying? On variable annuities, you may be paying a fee more than you thought. The Minneapolis Star-Tribune has an article today about these fees….
Are You Covered Driving a Vehicle That is Uninsured?
Pretend for a minute that you are at a friend’s house. The friend has a car, but no insurance. You do not have your car with you. You have insurance. You borrow the friend’s car to run an errand, and…
Do you get Actual Cash Value or Replacement Cost?
Many of you may be trying to figure out what the question even means. I know adjusters who are still trying to figure it out. Let me explain: Suppose you have a fire. Your personal property is burned. What does…
Does Your Auto Policy Cover Your New Motorcycle?
So you have your car insurance like a responsible person and you decide to buy a motorcycle. (Wear a helmet.) As we know from prior posts, the auto policy would cover a newly acquired automobile, but will it cover your…
Three Questions to Ask Before You Sue Someone
Clients come in to me once in a while with a very simple plan: I want to sue X. They then lay out all of the reasons that they should sue this person. I listen, and sometimes I agree, and…
Medical Payments Coverage: What is it?
Every insurance policy, the actual policy, has a provision for medical payments, sometimes called “Med Pay” coverage. Not everyone buys it, but more people should. What is med pay? Med pay pays all reasonable medical expenses incurred as a result…