General

With so many types of insurance, sometimes it’s hard to keep them straight. What could apply for a home-owner’s policy doesn’t necessarily apply for an auto policy as well as any other combination. Let’s break down each type of policy and give the quick and easy basics.

The reason we all purchase insurance is in the event of a claim, we want the insurance to pay for the loss. However, insurance companies are often notorious for paying less than what the consumer felt was right. Right? How many times have you heard someone complain about the amount their insurance paid? Probably often, and in fact, it is probably the biggest stigma attached to insurance itself.

To continue on with our Insurance 101 blog series lets discuss Replacement Cost and Actual Cash Value. Anyone who has had to purchase insurance or file a claim has most likely heard these terms. Do you want Replacement Cost or Actual Cash Value? Do you know the difference?

Insurance is one of the most complicated issues we deal with. There are tons of different types of insurance from auto, health, life, homeowners and property. Each type of insurance comes a different set of rules and different questions to ask. I’ve often said that high school students should take a short course on insurance, money management and other adult life skills.

With cell phones being more high tech and expensive than ever before, they often fall prey to theft. And, with so much of our lives wrapped up in our phones, the theft can be devastating. At any given time we could lose all our contacts, pictures, calendar and more. Cell phones contain a large part of our necessary information and our communication with others. No one would ever want to have their phone stolen, so follow a few of these tips and keep your phone and your data protected.

Let’s face it, college kids these days have a lot of stuff. When they move in at the beginning of the school year, parents are making multiple trips to the store to decorate their space, buy bedding, books, bikes, mini refrigerators and microwaves. Parents can easily spend thousands purchasing the “stuff” their students need for college. This is even before paying tuition and other school expenses.

At least 178 tornadoes raked through 14 states on April 27th and 28th, making it the largest tornado outbreak in U.S. history, said the National Weather Service. For those who have lost their homes and have damaged property, you are not alone. We can all empathize with the destruction you have faced. Unfortunately, many of those victimized by the tornadoes had little or no insurance. Worth Ave. Group does provide protection for all natural disasters including flood, hurricane, tornado and lightning strikes.

1. What is covered? What items are covered and what perils are covered should be the first question you ask. This will ensure that you are obtaining the right policy for your needs. 2. What is not covered? Are there any Special Provisions? Policyholders often make the mistake of assuming. Never assume, always know. You must know what exclusions there are to the policy. This will help eliminate time wasted on filing a claim that is clearly not covered under the policy.

Let’s face it, insurance can often be confusing. When your insurance company recommends that you read your policy, people rarely do. They assume that the document will be hard to read. Often times, it is simple to understand. I highly recommend everyone read any type of policy you are considering obtaining before you pay the premium.

Yesterday AT&T and T-Mobile USA announced that they have reached an agreement where AT&T will acquire T-Mobile USA from Deutsche Telekom for a approximately 39 billion dollars. The agreement will allow for both networks to improve the quality of their service for customers of both companies. The merger will happen quickly with all phases to be completed within the next year.