An agent says farmers should reevaluate their insurance because of rising repair and replacement costs. Jeff White represents Rural Mutual Insurance in Menominee and Eau Claire, Wisconsin. He tells Brownfield a policy taken out a year or two ago might not meet the needs of the farm today. “Is my big dairy facility insured correctly? […]
Month: September 2021
Common Mistakes That You Need to Avoid When Buying Life Insurance
For many families, the consequences of a sole breadwinner’s death can be devastating. Life insurance is a useful tool that provides financial security to a policy holder’s loved ones in the event of a tragedy. Whether it is paying the mortgage or paying for children’s college education, a life insurance plan can ensure that they […]
Life Insurance Policy Sales Growth at Highest Level Since 1983
The global pandemic has Americans thinking about and buying life insurance. Total U.S. life insurance policies sold increased 8% in the first six months of 2021, marking the largest year-over-year increase since 1983, according to LIMRA, an industry-funded research group. Read more from the original source […]
Life Insurance Premiums Are Changing
Rates are going up for Basic, and in some cases for the optional forms of insurance too. In other cases, they’re staying the same or being reduced. These changes reflect updated mortality and claims rates in each FEGLI category. The legislative structure of FEGLI assumes that premium rates are set for each age band independently […]
What Does Car Insurance Cover?
You have the keys. You have the car. Now all you need is car insurance and you’ll be ready to hit the road. Here is a look at common car insurance coverage types. Read more from the original source […]
If I Don’t Have a Car, Do I Need Auto Insurance?
Nearly every state requires drivers to have liability coverage before they get behind the wheel. But not everyone who uses a driver’s license owns a car. So, how do you know if you need auto insurance if you don’t have a car? The answer depends on whether you drive, how often, and what car you […]
4 Homeowners Insurance Mistakes to Avoid
Owning a home doesn’t just mean covering a monthly mortgage payment. It also means keeping up with a number of associated expenses, like property taxes and homeowners insurance. But while property taxes are determined by townships and municipalities, homeowners are tasked with putting the right insurance coverage into place. And that could lead to a […]
Should I file an insurance claim for bumper damage?
Car insurance exists to cover you financially if your vehicle suffers major damages or if you are involved in an accident with another motorist. However, not all situations require you to file a claim. A fender bender, for instance, is one such circumstance that could put you in a dilemma over filing an insurance claim. […]
How to Avoid Getting Your Car Insurance Claims Rejected
Owning a car is a dream come true for most. You wish to keep it safe and enjoy a smooth, happy ride with it for a long time. But one cannot avoid unfortunate accidents that come unannounced. A car insurance policy acts as a strong shield that extends financial support for such times. During tough […]
Hurricane Risks Don’t End Once the Storm Is Over
Hurricane Ida continued to pummel Louisiana yesterday resulting in flash flooding and downed trees and power lines. A category 4 hurricane, Ida arrived on the anniversary of Hurricane Katrina, which caused over 1,800 deaths and US$125 billion in damage in late August 2005. The U.S. Centers for Disease Control and Prevention (CDC) offers advice on […]
