What is a deductible? This is a very common insurance question and probably the easiest to explain: An auto insurance deductible is what you pay “out of pocket” on a claim.

When you select a homeowners policy, or typically any type of property insurance, you’ve got to choose between two coverage options: replacement cost and actual cash value (ACV). What do these mean, and which one should you choose?

Whether you’ve been in a serious accident or your vehicle was caught under bad circumstances – sometimes it may be considered totaled (or, in insurance terms, a total loss) by your insurance company. But what exactly does “total loss” mean?

Your coverage limits identify the maximum amount of money your auto insurance policy will pay following a covered loss. Once that limit is reached, you will be responsible for paying any additional costs out of pocket.

Talk about a bad day – you’re getting ready to head out and notice your car has recently been sideswiped by another vehicle. There are three basic steps you’ll want to take after you discover someone has hit your parked car:

We all have our good days, and unfortunately, our bad ones. Sometimes life throws surprises at us that we aren’t prepared for, especially on the road.

As a businessowner, you understand there are just some risks you can’t afford to retain on your own. If your business is sued by an employee for discrimination or harassment, the legal costs involved can be quite substantial.

It’s a pretty big deal – leaving the comfort of your forever home for your new college abode. Whether it’s the first time you’ve moved or the tenth, packing up your entire life is quite a job. Your clothes, gaming consoles, furniture, laptop, books, the list goes on.

Selecting your insurance deductible can seem a bit stressful, but it doesn’t have to be! Simply put, your deductible is the portion of an insurance claim you agree to pay on your own before your insurance kicks in and picks up their portion.

You could think of umbrella coverage as the “rainy day” coverage – coverage that is typically used for an unforeseen and/or tragic event. You see, umbrella insurance really has nothing to do with rain at all, it is actually a form of liability insurance.