Archive for July, 2010
Apartment Fires Cause Grief to Renters Without Renters Insurance
July 26th, 2010. Published under Insurance Claims, Renters Insurance. No Comments.
Midvale Apartment Fire Video
In Salt Lake County there have been several apartment fires which have left families homeless. In some cases, the tenants may have been without renters insurance.
Renters Insurance can cost as little as $9.00 per month, about the same as a large pizza, or 2 lunches at a fast food restaurant. Unfortunately, those who can least afford to lose all their possessions are the very ones who don’t buy insurance.
Friends don’t let friends go without insurance.
How Can I Insure My Ring?
July 14th, 2010. Published under Homeowners Insurance, Insurance Agents, Insurance Claims, Jewelry Floater, Renters Insurance. No Comments.
If you recently became engaged or received a very nice gift of jewelry, you will want to know if your insurance covers your jewelry.
Insuring your ring, requires an appraisal or bill of sale. Your insurance agent will usually add a “jewelry floater” to your renters, condo or homeowners policy. Your jewelry piece will have its own deductible which could range from $0 on up.
Insurance companies use the appraisal as the basis of what they will pay in the event of a claim. Auto insurance policies are ACV or actual cash value. When you suffer a loss you are paid the value of the vehicle at that moment in time.
A jewelry floater establishes the value of the jewelry. You will be paid that dollar amount minus your deductible when you have a claim.
Does your policy cover “mysterious disappearance”? Some policies will, ask your agent.
Insure your ring, and get peace of mind. Priceless!
Black Boxes, Car Insurance and Privacy
July 2nd, 2010. Published under Auto Insurance, Liability, Vehicle Safety. No Comments.
Did you know that about 60% of todays automobiles have an “event data recorder” ?
This little box records information such as how fast the vehicle was going and how well the brakes and airbags worked — or didn’t.
Chips and sensors within the vehicle feed information to the recorder which must record 15 types of information by 2013.
This could give third parties information on: the speed the car was traveling, if the brakes were applied, if the vehicle had just changed lanes, etc, if the data is made available to them. This leads to privacy concerns.
The information collected is objective as we all know drivers who are confused or injured after the crash and can’t recall what happened right before the crash.
Who owns the data?
