You’ve seen the TV ads… big rocks hanging over a lady’s head and shriveling up to a pebble to visualize the idea of “diminishing deductibles.” Ducks getting frustrated that a human doesn’t get it. A little green lizard with a British accent promoting insurance products. A young lady at a checkout counter piling up (bundling) boxes of diff...

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Many people use on-line banking to pay bills these days. A good thing? Often yes, sometimes no. There could be a problem if you use your on-line baking service to pay your auto insurance premium. In general banking services will pay your bills when you tell them to, or you may have a repeating order to pay a bill on the due dat...

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We've discussed this before.  In August 2010 Linda posted a blog here that addressed this very topic. However, we still get the question on a regular basis. "Why does my home have to be insured for more than it's worth?" Or something along those lines.  The answer lies in the costs involved to build a "new" home versus the costs to re...

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Interesting question, usually posed by someone who just suffered a loss and then discovered that their insurance policy does not cover that particular loss. It is one of the two most frustrating questions we have to answer because we often sympathize with clients even though there is little we can do to help. The other question is, “Why d...

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Insurance Fraud is a crime.  And it's getting worse!  Our current economy is a catalyst in the rising rate of fraudulent insurance claims in the U.S., and insurance companies have to be more vigilant than ever. A well-established list of red flags (known to insurance insiders as "suspicious loss indicators") help the industry zero in on p...

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State Minimum Requirements for Automobile Liability Insurance State minimum auto liability insurance requirements are set by law. These minimum requirements are set by each state government and they vary from a low of 15/30/5 (Delaware and others) to a high of 50/100/25 (Alaska and Maine). Although keeping up with the state minimum requirements ar...

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Insurance 101 (Why buy insurance?) Basically, there are only 2 reasons people buy insurance. 1.  Because some 3rd party requires it, o 2.  To protect an asset. If you analyze it even further, you will eventually discover that reason #2 is truly the only valid reason, but many people don’t care about assets, so a 3rd party intervenes n...

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We’re really not combatants, nor are we really at odds with each other… uh! Maybe we are. Here’s a scenario for you to ponder. You buy a new car and the dealer puts a temporary 30-day sticker on it for you and tells you that you have 30 days to get to DMV and get the car registered. So, what do you do? Wait 29 days before you panic! Righ...

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Can a Trust own a car?  Can a Trust insure a car?  Can a Trust register a car in Nevada? Can a Trust drive a car? These questions and more continue to cause problems in the insurance/DMV arena. If you are thinking of putting your vehicle in a family Trust, read this blog first and follow the guidelines we furnish here. There has been...

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