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Auto Insurance of College Students Away From Home
08-27-2010 | Category: Auto Insurance
Coverage without a car at school: If the student will continue to drive while at home on school breaks, they should continue to be listed on an insured's auto policy. If they are attending school more than 100 miles from home, and are not taking a vehicle with them, the policy may qualify for a distant-student discount.
Coverage with a car at school: In most instances, a car registered to the parent and listed on their policy will be covered if used by a listed student away at school. But insureds should make sure that their insurance carrier writes coverage in the college's state and location. It's important for agents to know if the insured's child is taking a car, because the principal location of the vehicle could result in a change in premium.
Driving a friend's car a school: Students generally would be covered while driving a friend's car if they are listed on their parents' policy and do not have regular use of the vehicle. The coverage would likely be secondary in this case, as the carrier for the friend's vehicle likely would be the primary coverage.
Coverage discounts: In addition to the possible distant-student discount mentioned above, students may qualify for a good-student discount. To qualify, a student must be enrolled in at least four courses per term as a full-time student at an accredited college or university and meet certain academic qualifications. Also, drivers under the age of 21 who complete a driver education course my be eligible for a policy discount.
Protecting Contents of College Students Away From Home
08-27-2010 | Category: Home Insurance
College is expensive enough without finding out too late that an accident or theft isn't covered under parents' current policies.
Coverage of personal property: Most homeowners policies provide 10 percent of Coverage C (Personal Property) for property owned by an insured while it is at a residence other than the insured residence. That means if the contents of a policyholder's home are insured for $1... Read the whole post.
Travelers GreenHome Upgrade
08-17-2010 | Category: Home Insurance
With the new Travelers GreenHome Upgrade, customers can add an extra layer of protection to their home or condo policy that can help them repair or rebuild with green materials and methods in the event of a covered loss. If a customer already has a certified-green home, they can save 5% on their premium.
If you add the GreenHome Upgrade endorsement, the extra cost if 4.0% for condos and 4.5% for homeowners. It will cover an addito... Read the whole post.
Safeco Renters Changes Effective August 14, 2010
08-05-2010 | Category: Home Insurance
Effective August 14, 2010, Safeco has made the following changes to there Renters (Tenant) Program.
- They should be more competitive.
- They should be able to have better retention at renewals.
- They have enhance the renewal discount by offering credits from the first renewal out to 8+ years.
... Read the whole post.
Progressive Broader Coverages on Commercial Auto
07-30-2010 | Category: Auto Insurance
Effective July 28, 2010, Progressive has broader coverages for the following on their commercial auto program:
- Unlimited radius on hotshotters and pickups with a fifth-wheel hitch even if they require full coverage.
- Expanded Truck Cargo coverage to include risks requiring an unlimited radius and to Physical Damage-only policies.
- Standalone Non-Trucking Liability-now available without Physical Damage coverage.
... Read the whole post.
Progressive Update
07-28-2010 | Category: Auto Insurance
Starting July 9, 2010, Progressive auto insurance customers can request from their agent to remove accidents or violations that have expired midterm on their policies which will save customers money. The requirements are:
- The customer must request the review.
- Accidents or violations must be more than 35 months old at the time of the request.
- Rated drivers on the policy must have no new accidents or violations in the policy term.
... Read the whole post.
Progressive Boat On-Water Towing
07-28-2010 | Category: Boat Insurance
Progressive now offers On-water Towing and Labor for PWC (Personal Watercraft) or jetskis. You can get coverage up to $2,500 of towing and labor costs per occurrence and it has no deductible.
... Read the whole post.
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