The Best Auto Insurance Companies of 2019

April 23, 2019

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Auto insurance is there for you during some of the most stressful times of your life. Whether it’s a little fender bender that gets your blood boiling or a full-on car wreck you caused, insurance is essential. Think of it as a logical part of your financial planning. Imagine, for a second, that you hit an expensive car like a Mercedes or Porsche, and you were at fault. Would you have the money to pay for those repairs without insurance? There’s more to it than just expense, too. First, you might be in trouble with the state for driving without insurance. Secondly, as you’re responsible for the accident, you’ll have to pay for the damages. So, you can expect a civil suit from the other driver or their insurer. If you don’t have the cash to pay those expenses, you could lose assets that you own to pay for it. You might be the most careful driver in the world, but an accident can happen in seconds. That’s why it’s important to partner up with the right insurer from the start.

Spotlight

Insurance House

We give you the expertise, products, and tools you need to succeed. We judge success through growth. Our number one goal is to help our agents grow their business. We do this by giving our agents access to the business and personal insurance products they need. We offer these products through our staff of experts that ensure our agents are able to offer the best insurance coverage at the most competitive price. Call us today to talk to one of our business insurance industry experts. They can help you place commercial auto, professional liability, commercial general liability, and property coverage on your small business risk or complex business risk. You can also quote your business account online. We are here for your personal insurance needs as well. Contact us to talk to one of our personal insurance industry experts to help you place specialty auto and specialty homeowners coverage today!

OTHER ARTICLES
INSURANCE TECHNOLOGY

Innovation rises to meet disability and long-term care risk

Article | January 28, 2022

As the COVID-19 pandemic continues, we are learning to live with it and mitigate its risks. While older adults have suffered disproportionately from the health impacts of COVID, they have also suffered from the effects of efforts to control its spread. Infection rates rose in recent months, and many long-term care facilities again closed their doors to visitors. This left many families separated from elderly and disabled loved ones during the holiday period.

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CORE INSURANCE

Unlocking the potential of deeper customer-agent-insurer relationships

Article | December 27, 2021

Mr. and Mrs. Garcia purchased their first life insurance policies from their agent more than a decade ago, when their eldest son was born. They soon bundled their home and auto policies for a discount. A few years later, when the Garcias started a small business, they worked with their agent to establish commercial insurance. As the business thrived, the family set up fixed indexed annuities and mutual funds to put their growing savings to work. All of their policies and accounts are easily accessible via an online platform, and when a new need arises, they simply message their agent to discuss a new policy. The agent also reaches out regularly to make sure the Garcias’ evolving needs are always met. The experience of the hypothetical Garcia family shows how simple it would be for insurers to build deeper customer relationships. But many insurers continue to struggle to develop relationships with their customers that span multiple products. In fact, limited successes in this area have convinced some insurance executives that there is limited value in cross-sales initiatives. In our experience, however, a more coordinated approach can unlock huge opportunities to meet customers’ comprehensive needs through a principal adviser.

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CLAIMS

Builders Risk Insurance Vs. Liability Coverage: How Each Benefit Works

Article | December 22, 2021

For construction contractors, there is nothing more important than safeguarding your works in progress. After all, if something were to damage the property and interrupt your progress, then you might face a huge financial setback. At this point, it’s critical that you have builder’s risk insurance ready and waiting. Your policy will be there to assist you following property damage at construction sites. However, your builder’s risk policy will not offer the same coverage to injuries or property damage that you cause to other parties. In this case, separate liability insurance benefits will provide the necessary benefits. Though separate from your builder’s risk policy, liability coverage is equally important. Let’s take a closer look at how these benefits work.

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INSURANCE TECHNOLOGY

Making the digital leap in underwriting

Article | December 16, 2021

Underwriting has historically been one of the most data-intensive areas of insurance. But when it comes to looking at investments and results, data and information handling for underwriting at most carriers is still disjointed and disconnected. This is underwriting’s version of the digital divide we’ve been discussing in this series, and it leads to inefficiencies and ineffective underwriting. The divide exists because today’s underwriting platforms have not evolved to meet the needs of a modern digital carrier. To see why, let’s take a quick look at the history of these platforms. The first generation of underwriting platforms was built to provide rating systems and core policy management needed to price and administer the underwriting of policies. The technology they run on has changed from mainframe to servers to the cloud, but the platforms themselves remain focused on managing the least information necessary to price and maintain the policy.

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Spotlight

Insurance House

We give you the expertise, products, and tools you need to succeed. We judge success through growth. Our number one goal is to help our agents grow their business. We do this by giving our agents access to the business and personal insurance products they need. We offer these products through our staff of experts that ensure our agents are able to offer the best insurance coverage at the most competitive price. Call us today to talk to one of our business insurance industry experts. They can help you place commercial auto, professional liability, commercial general liability, and property coverage on your small business risk or complex business risk. You can also quote your business account online. We are here for your personal insurance needs as well. Contact us to talk to one of our personal insurance industry experts to help you place specialty auto and specialty homeowners coverage today!

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