Tag Archives: Insurance Basics

No-Fault Auto Insurance: The Basics

In the majority of states, personal auto insurance operates under the standard fault-based system. Auto insurance pays claims based on each driver’s percentage of fault for each motor vehicle accident. Adjusters decide which driver holds the greatest degree of fault and claims are paid based on the percentage of fault each driver may share for the accident loss. This system can lead to long and expensive court battles with judges deciding which driver is at fault in many auto accident claims. An effort to eliminate these costly court cases has lead to many states creating an alternative and using a … Continue reading →

“A” Homeowner’s Insurance Bill of Rights.

In California part of the Insurance Code includes a Residential Property Insurance Bill of Rights. Other states may not actually spell things out so clearly and make a bold statement in the Insurance Code, but I think every property owner should. This is my version of the Homeowner Property Insurance Bill of Rights. The most important and largest investment most people will make in their life time is the purchase of a home and the personal property they put into it. In order to protect this asset, homeowners should take time to understand the homeowners insurance market. Take time to … Continue reading →