October 14, 2024
millerinsThe purpose of property and liability insurance
Insurance is primarily designed to protect individuals and businesses from significant financial losses due to unexpected events, such as accidents, natural disasters, or other unforeseen circumstances. By pooling risks among many policyholders, insurance companies can help mitigate the financial impact of these large losses, allowing people to recover more easily. This can include coverage for […]
October 22, 2024
millerinsWhat does a typical homeowners insurance policy not cover?
A typical homeowners insurance policy generally does not cover the following: Flood Damage: Flooding typically requires separate flood insurance. Earthquake Damage: This often requires a separate policy or endorsement. Maintenance Issues: Damage from lack of maintenance, such as mold or pest infestations, isn’t covered. Sewer Backup: This often requires additional coverage. Wear and Tear: Normal […]
November 7, 2024
millerinsAre electric vehicles harder and more expensive to insure?
Yes, electric vehicles (EVs) can be more expensive to insure than traditional gasoline-powered cars, although this can vary based on several factors. Here are the main reasons why EVs might be more expensive to insure: 1. Higher Initial Purchase Price Cost of the vehicle: EVs, especially new models, tend to be more expensive than comparable […]