Entries by Dale Williams

Fiduciary Liability Insurance – All You Should Know

What Is Fiduciary Liability Insurance? Fiduciary liability insurance, also known as management liability insurance, is a type of business insurance coverage that is intended to protect businesses and employers against claims resulting from a breach in their fiduciary duty. What Does It Cover? Fiduciary liability coverage protects plan fiduciaries against claims alleging that they mismanaged […]

Car Depreciation and How Does It Affect Car Insurance Rates?

What Is Car Depreciation? Car depreciation represents how much of a vehicle’s value you’ve used over time. It varies greatly depending on make, model and brand. Generally the value of a new car can drop by more than 20% after the first 12 months of ownership. You can use a car depreciation calculator to calculate your […]

Loss Ratio and Combined Ratio

Loss Ratio and Combined Ratio Definition The loss ratio in insurance is the ratio of total losses incurred (paid and reserved) in claims plus adjustment expenses divided by the total premiums earned. The combined ratio is calculated by taking the sum of all incurred losses and expenses and then dividing them by the earned premium. […]

Is State Minimum Car Insurance Enough?

What Is State Minimum Car Insurance? State minimum car insurance is the insurance required for each state by law for their resident drivers. It normally includes bodily injury liability, property damage liability, personal injury protection and uninsured/underinsured motorist protection. Each state mandates specific minimum requirements. You need to meet or exceed your state’s minimum coverage […]

How to File Insurance Claim

Filing an insurance claim is a process you embark on in hopes to receive compensation from your insurance carrier when you are involved in an accident or something is damaged. Each state has laws that govern this process, so remember you can always contact your state insurance department if you have any questions or feel […]

5 Common Insurance Myths Debunked

Insurance Myths Debunked Misinformation in the insurance field is not uncommon. When purchasing an auto insurance policy, it is necessary to understand the real factors that affect your premium. Today we debunk 5 common insurance myths you may hear to help you get the best value for your car insurance budget. Myth 1 – Vehicle […]

Food Poisoning Story

Welcome to Ben’s Chronicles Hello! I’m Ben from EINSURANCE. Trust me, I know there are plenty of things we’d both probably rather be doing than discussing insurance. But although insurance gets a bad rap, it does have its benefits; especially when you find the right coverage and carrier. Unfortunately, throughout my life I have had […]

Car Insurance for Veterans

Car Insurance for Veterans Have you ever wondered whether you and your family are eligible for special military car insurance discounts, assuming you’ve served in the military? The answer is, Yes! USAA (United Services Automobile Association) and Armed Forces Insurance (AFI) are the best providers, offering excellent pricing, and providing top of the line customer […]

Ways to Save Gas While Driving

With the gas price approaching higher and higher, drivers need to find better driving technics while driving. Here we summarize 6 ways to save gas while driving without requiring a great effort from you. 1. Drive Slower Driving fast increases drag on your vehicle and in turn increases your fuel consumption, especially avoids aggressive driving […]

How to Prepare a Health Insurance Appeal Letter

Health, in general, is always a taboo topic that most people either shy away from, or perhaps wish they never have to deal with. Even scheduling maintenance health checkups are met with trepidation. Needless to say, when you or someone you care for truly needs medical attention, the anxiety meter can shoot through the roof. […]

Is Vaping Considered Smoking for Insurance Purposes?

What is Vaping? Vapes, vaporizers, vape pens, hookah pens, electronic cigarettes (e-cigarettes or e-cigs), and e-pipes are some of the many terms used to describe electronic nicotine delivery systems (ENDS). ENDS are noncombustible tobacco products, according to U.S. Food & Drug Administration. Is Vaping Considered Smoking for Insurance Purposes? Many smokers often use vaping devices […]

Road Rash is Real – Lesson Learned

Welcome to Ben’s Chronicles Hello! I’m Ben from EINSURANCE. Trust me, I know there are plenty of things we’d both probably rather be doing than discussing insurance. But although insurance gets a bad rap, it does have its benefits; especially when you find the right coverage and carrier. Unfortunately, throughout my life I have had […]

Does Credit Score Affect Homeowners Insurance?

Can A Credit Score Affect Homeowners Insurance Rates? Yes. Your credit score can affect your homeowners insurance rates. High credit scores typically translate to cheaper homeowners insurance rates. Close to 85% of home insurance companies use customer credit-based insurance scores (also known as CBI scores) when calculating homeowners insurance rates according to FICO. How Does […]

5 Quick Ways to Save on Car Insurance

Insurance premiums depend on many common factors like your driving record, vehicle model, etc. There are millions of Americans overpaying for their car insurance. Check out our top 5 quick ways to save on car insurance and still have comprehensive insurance coverage. 1. Shop Around Insurance companies have their own, proprietary algorithms for calculating insurance […]

Daycare – A Cesspool of Germs

Welcome to Ben’s Chronicles Hello! I’m Ben from EINSURANCE. Trust me, I know there are plenty of things we’d both probably rather be doing than discussing insurance. But although insurance gets a bad rap, it does have its benefits; especially when you find the right coverage and carrier. Unfortunately, throughout my life I have had […]

Garage Liability Insurance

Garage Insurance Coverage Garage liability insurance covers the financial costs associated with medical bills, personal property damage, and legal fees arising from business operations. It also covers products manufactured or sold by the shop. What Does It Cover? Garage insurance covers potential injury or property damage as a result of normal business operations. Types of […]

Automatic Braking System – What Do You Know?

Automatic Braking System: Good or Bad… The auto industry is evolving at an alarming rate. Before we know it, autonomous vehicles will be everywhere. Leaving no need for distracted driving warnings, or possibly car insurance as a whole. As a step in this progression many cars are coming equipped with Automatic Emergency Braking (AEB) systems. […]

Builders Risk Insurance Coverage – What Does It Cover?

Builders Risk Insurance Coverage Builders Risk Insurance is a special type of property insurance that covers buildings and structures under construction, remodeling, or repair. It typically covers perils such as fire, wind, hail, theft, vandalism and other accidental loss or damage to the property. It’s also important to note that earthquake, flood and hurricane damage […]