Understanding Term vs. Whole Life Insurance
Posted: August 31, 2015
Understanding Term vs. Whole Life InsuranceWhen buying life insurance the big question comes up of whether you want term or whole. That is a hard question if you don't know the differences, so here is a quick simplified list. Term life insurance is used when people only need coverage for a specific time period or when they can't afford to purchase permanent life insurance. Term insurance has a guaranteed death...
Are Leased Vehicles More Expensive to Insure?
Posted: August 19, 2015
Are Leased Vehicles More Expensive to Insure?So you decide it's time to get a new car. A big question you may ask yourself is should I buy or lease? There are many different factors to look at when making this decision, but one thing you might wonder is what effect buying versus leasing has on car insurance. The real answer is that it depends. Technically, leasing a car requires higher insurance,...
Uber Launches New Insurance System
Posted: August 14, 2015
Uber Launches New Insurance SystemUber has become a very popular way to get from place A to place B in recent times. Its simplicity and convenience make it very appealing to many people. However, one issue that is commonly brought up is on the topic of insurance. The problem is that many drivers are underinsured, and their personal coverage does not continue when they are on the clock. A new...
What is a MOD and How Does It Impact Workers Comp Premium?
Posted: August 4, 2015
What is a MOD and How Does It Impact Workers Comp Premium?Workers comp premiums are partially determined by the MOD rate of the company. An average MOD rate is 1.0 and anything less means the company is paying under and anything more means the company is paying over. For example, if a company has a MOD rate of .7 then they are paying 30% less than the industry rate. If a company has a MOD rate...
Does Your State Accept Digital Proof of Insurance?
Posted: July 23, 2015
Does Your State Accept Digital Proof of Insurance?Digital Proof Of Georgia Auto Insurance? Is It Acceptable? Modern technology, specifically smartphones, have made life a lot easier for many people. The smartphone's use has now stretched to providing proof of car insurance. The number of states that allow electronic proof of car insurance now sits at 39 after the recent addition of West Virginia. That leaves only 11 states left that prefer...
