Dog Bites: Are They Covered By Homeowners Insurance?

Posted: September 21, 2015

Dog Bites: Are They Covered By Homeowners Insurance?

"What would happen if my pet bit someone?" or "What would happen if I got bit by someone else's pet?" may be questions that have crossed your mind a few times. In the way of insurance the answer is that animal bites may or may not be covered. A lot of homeowners insurance will cover liability arising out of dog bites that occur on the owner's property. A lot...

Umbrella Insurance: Is It Worth It?

Posted: September 10, 2015

Umbrella Insurance: Is It Worth It?

Umbrella insurance is coverage that should be strongly considered by every candidate who is able. A lot of people may think it is not necessary because they feel like the chances they have to make a claim is slim. However, if you get in a situation where someone sues you, and you don't have umbrella insurance you can be in big trouble. No matter how...

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,...

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...