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 1, 2024
millerinsThe importance of employee driving history and its impact on your business auto insurance
Understanding employee driving history is crucial for businesses that operate vehicles or require employees to drive as part of their job. Here’s why it matters and how it impacts your business auto insurance: 1. Risk Assessment Insurance Premiums: Insurers assess risk based on driving history. Employees with clean records may lead to lower premiums, while […]
September 11, 2024
millerinsHow insurance companies are protecting your homes from wildfires
Insurance companies are increasingly proactive in protecting homes from wildfires through a range of strategies and technologies. Here’s a look at some of the key approaches they use: Risk Assessment and Modeling: Insurers use advanced risk assessment tools and models to evaluate the likelihood of wildfires in specific areas. This includes analyzing historical data, weather […]
September 5, 2024
millerinsWhat college students need to know about insurance
Unless you’re still living at home, driving the same car and logging roughly the same mileage you did in high school, your insurance needs are likely to change when you leave for college – at least a little bit. Here are answers to college students’ top questions about insurance: Are my car insurance rates going […]
August 22, 2024
millerinsThe problems with buying cheap auto and home insurance
Buying cheap auto and home insurance can seem like a good idea to save money, but it can come with several risks and drawbacks: 1. Limited Coverage Auto Insurance: Minimum Coverage: Cheap auto insurance often provides only the minimum coverage required by law, which may not be enough if you’re involved in a serious accident. […]
August 8, 2024
millerinsWhat factors affect my auto insurance premiums?
Several factors can influence your auto insurance premiums. Here are some of the key ones: Driving Record: A history of accidents, traffic violations, or claims can increase your premium, while a clean driving record can help keep it lower. Age and Gender: Younger drivers, particularly males, often face higher premiums due to statistical risk factors. […]
July 31, 2024
millerinsHow not paying your insurance premiums on time can affect your insurance
Not paying your insurance premiums on time can have several significant consequences: Lapse in Coverage: If you miss a payment, your insurance policy might lapse, meaning you no longer have coverage. This could leave you unprotected in case of an accident or loss. Late Fees and Penalties: Many insurance companies charge late fees or penalties […]
July 25, 2024
millerinsInsuring homes in wildfire-prone areas is more challenging due to several factors:
Higher Risk of Loss: Homes located in wildfire-prone areas are at a higher risk of being damaged or destroyed by wildfires. Insurers must factor in this increased likelihood of claims when setting premiums. Cost of Rebuilding: Rebuilding costs in wildfire areas can be higher due to specialized materials and construction requirements to reduce fire risk. […]
July 8, 2024
millerinsWhy are some cars harder to insure than others?
Several factors contribute to why some cars are harder to insure than others: Cost of Repairs: Cars that are expensive to repair or replace will generally have higher insurance premiums. This includes luxury vehicles or those with specialized parts. Safety Ratings: Vehicles with poor safety ratings or lacking advanced safety features may pose a higher […]
June 18, 2024
millerinsInsurance companies inspecting your roofs and how it can affect your insurability
Insurance companies typically inspect roofs for insurability using several methods: Physical Inspection: An insurance adjuster or inspector visits the property to visually assess the roof’s condition. They look for signs of damage, wear and tear, or any potential issues that could lead to future claims. Aerial Inspection: Some insurance companies use drones or aerial imagery […]