Welcome! Blurpalicious is a social platform where you can create content and share it to the world!

User Profile @alliedbrokers

author: Insurance by Allied Brokers

website: www.alliedbrokers.com/

follow:


alliedbrokers's Posts

Insurance Agents and Brokers: What makes them Different?

The terms ’insurance agent’ and ’insurance broker’ are often used interchangeably. To most people, they mean the same – people who sell insurance to customers.  It is generally true of course; however, there are a few important differences you need to be aware of. That information will help you decide on who to contact for your insurance needs. There are a few commonalities between the two:

  • Agents and brokers both require a license from the regulatory agency of the state in which they sell insurance.
  • Both receive their compensation from the companies whose insurance policies they sell.
  • They both need to acquire necessarily a few from many accreditations; a customer has the right to know which ones the agent needs to acquire, and which others the broker needs to. The customer has the right to be familiar with what those accreditations entail.

Insurance agents

An insurance agent is a representative of an insurance company: he works on behalf of that company to sell the

continue reading →
1 visits | 0 Comments|Reply

Do You Have The Personal Liability Insurance You Need?

There is a widespread assumption that only those who are wealthy and have business interests need to worry about personal liability issues. The reality is very different. Society has become increasingly litigious, and you could suddenly be faced with a liability claim that could bankrupt you.

From a visitor’s suffering an injury in your home to serious but unintentional damages you could have caused – the areas of what a person may be held liable for keep expanding rapidly. Your homeowners insurance and auto insurance may provide you with some degree of liability protection; however, this must be clearly mentioned in the policy.

The eligibility should not be taken for granted. It is advisable to contact an insurance professional to check on the amount of liability coverage you currently have.

A common mistake

A common mistake people often make is to presume that their current assets are not enough to warrant paying for liability insurance. The problem is that if a liability claim

continue reading →
2 visits | 0 Comments|Reply

Homeowners’ Insurance in California: Legal Rights (Part-2)

You find in this post a continuation of an overview of a few more California laws that protect the interests of policyholders.

Living expenses

In cases where a claim is filed in a situation that the state has declared to be a ‘disaster’, an insurer must provide at least 24 months of Additional Living Expenses (ALE) benefits; this is subject to the limits provided for in the insurance policy. If you come to know what your ALE entitlements are, the insurer is bound to give you a list of items and expenses covered, whenever you ask for it.

In most cases, an advance ALE payment is released immediately after the calamity to help policyholders to recover, and find some strength to reestablish themselves. Further payments are released as and when expenses are incurred.

Fair claim settlement

An insurer cannot force a policyholder to accept a settlement that is unreasonably low or in violation of the terms and conditions of the insurance policy. Subject to policy limits, the settlement m

continue reading →
2 visits | 0 Comments|Reply

Homeowners’ Insurance in California: Legal Rights (Part-1)

California has enacted more laws to protect the rights of insurance policyholders than any other state in the country. While this is undoubtedly a good thing, the downside is the complex and voluminous documentation that covers these laws. Most people cannot but shy away from going through the entire volume. In fact, many people in the insurance industry, including claim adjusters, do not have complete knowledge of them.

Consequently, through no fault of their own, and with no attempt on the part of the insurance companies to help out, claimants in California face many problems. Often they do not receive the full payment due to them, or the payment is inexplicably delayed. Good knowledge of your rights can help you receive fair treatment from insurance companies. A few of your crucial legal rights are listed below for your benefit.

Good faith settlements

The insurer must act in good faith and must attempt to “effectuate prompt, fair and equitable settlements of claims in which lia

continue reading →
2 visits | 0 Comments|Reply

Health Insurance Options for Small Businesses (Part-1)

California has always been the home of innovation, new business ideas and ventures. Besides the well-established large and medium corporations that have made a firm home in the state, there are an ever-increasing number of smaller enterprises based here. All these businesses, large and small, face challenges every day and their ability to overcome them is what leads to success.

There is one area, however, where small businesses are badly hit – the healthcare costs of their employees. Healthcare is a critical component of employee motivation and loyalty, but the cost can be too much to bear. In the last 15 years, the average cost of covering an employee under a group health insurance plan increased from $2,196 to $6,435 – a rise of almost 300%.

For many enterprises, this cost has become unsustainable and healthcare benefits are being dropped. This has an immediate impact on overall productivity and employee motivation. Furthermore, the fight to retain talent in the near the future wil

continue reading →
1 visits | 0 Comments|Reply

Reevaluate your Home Insurance for 2019

The year 2018 was one of the worst on record for California, in terms of wildfires, floods and other such natural disasters. Although residents of the state were unprepared for what had happened, it was not unexpected for the experts.

Over a decade ago, climate scientists had predicted weather extremes, and had warned that their consequences would gradually become a way of life in the state. Unfortunately, the speed at which the changes have occurred has taken them by surprise. Not to speak of the speed it happened, the fact is that California is now a state with a volatile climate.

According to the experts, the incidence of wildfires and floods will keep increasing in the future. What residents have seen over the last 10 years is what they can expect in a short spell from now on.

Floods and fires work together

Climate experts say that the floods and wildfires have formed a partnership where one contributes to the growth of the other. This may sound strange to most people who hav

continue reading →
2 visits | 0 Comments|Reply

What is Loss of Use Coverage?

Camp Fire in Northern California and the Woolsey Fire in the southern part have been the most devastating the state has ever seen. While the loss of life is tragic, the plight of those who survived, but lost their homes to the flames should not be forgotten. Most of them will be looking towards their homeowner’s insurance policies to help them rebuild their homes and their lives.  Many of them may be in for a rude shock: they may find disturbing things.

Rebuilding cost is not enough

Most homeowners plan on their coverage based on the cost of rebuilding their homes or repairing them if they are lucky enough not to have lost them completely. What they do not take into account is the time it will take to have a home to live in again. It could be months, or even years.

Where will the family live until then? How much will it cost? Can they afford to pay rent for such a long period? There will be many other expenses not covered by insurance after wildfires end.

That it could be a year

continue reading →
1 visits | 0 Comments|Reply

How much Auto Insurance do you need?

It is universally true that people never ever consider themselves bad drivers, even if they are so at times. If a car accident occurs, it is always the other person’s fault! California is an at-fault state, which means that the insurance company of the person who has caused the accident is responsible for paying not only the repair costs, but also the medical costs incurred.

Car-owning Californians presume mistakenly that they need only the minimum auto insurance coverage. Even the best of drivers can and do make mistakes that cause accidents. In addition, there can be circumstances beyond anyone’s control, where no person is responsible for an accident.

Partial protection is never enough

In California, it is illegal to take a car on public roads without insurance coverage. There are very severe penalties for not having one. The minimum coverage limits are $15,000 per person and $30,000 per accident, which satisfies the legal requirements.

However, it is never going to be enough

continue reading →
4 visits | 0 Comments|Reply

Residents of Santa Clara and San Mateo, Beware of Health Insurance Issues!

It is not healthy to worry needlessly about your health. However, ignoring the signs of potential health issues is even worse. Hypochondria are not a good thing – but health is, in many ways; it is just a matter of common sense and taking essential precautions. The same wisdom applies to the matter of health insurance.

The right health insurance coverage for your family is critically important. It requires your time and attention as well as expert advice. If you have already gone through the mill, that should be okay. Unfortunately, the word ‘should’ has to be used here.

That is because recent changes in health insurance policies and procedures could catch you unawares and affect adversely the handling of a possible future medical situation. Here is a case in point that could have major implications for those living in Santa Clara and San Mateo.

An unexpected ineligibility of coverage

In Santa Clara and San Mateo counties, Stanford is a major provider of healthcare services. It r

continue reading →
4 visits | 0 Comments|Reply

Insuring a Teenage Driver

It’s a big deal when your teenager gets their first-time driving license. Amid all the celebration (and worry for the elders) about the newfound freedom, there are the financial implications to consider.

Besides the cost of buying another car, (if you want to give the teen their own vehicle), there are the additional gas bills and more importantly insurance costs to bear. Insurance is one area where it is easy to make wrong decisions. Here is a guide to getting the right auto insurance for your teenager at the right cost.

Add the teen to your existing policy

Generally speaking, it costs less to add your teen to your own auto insurance policy than to purchase a separate one for them. The better your own driving record is, and the safer and more reliable the car you drive is, the lower will be the premiums.

Additionally, the type of car the teen drives impacts the cost. If it is going to be like your own safer model or another similar one, the cost of coverage will be lower than if

continue reading →
3 visits | 0 Comments|Reply
[]