The personal auto insurance segment posted its first underwriting profit since 2007. This does not mean your auto premium is going down...at least not yet.
In insurance words mean different things in different policies, it’s probably why most people think insurance is complicated and cumbersome. Coinsurance is one of those words and it means something much different in a property policy then it does in your health insurance or D&O policy. Find out how it can reduce your claim payment in the property policy.
Deductible and self-insured retentions (SIRs or simply retentions) are similar in a lot of ways, but they are not the same. In this 3 minute video I explain two of the biggest differences that could impact your cash flow and your total out of pocket costs.