President’s Day weekend sees a surge in snowmobiling, making insurance crucial before hitting the trails. Understanding snowmobile insurance costs and coverage can protect you from unexpected expenses. Factors like your snowmobile’s make and model, your age, driving record, and location influence your premium. Knowing these details not only prepares you financially but also ensures a safe and enjoyable ride. So, gear up for this President’s Day weekend with the right insurance coverage. Factors Influencing Insurance Premiums The cost of snowmobile insurance is influenced by a range of factors similar to…
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Mercury Insurance says California’s bodily injury costs are rising
The insurer’s new umbrella coverage provides Californians with enhanced protection against these claims. Mercury Insurance has announced that it has relaunched its umbrella coverage after a redesign in order to provide Californians with an added protection layer above what a standard home or auto policy has to offer. The coverage is meant as an added safety net in a state that is becoming increasingly litigious. A news release from Mercury Insurance said that liability claim amounts are now 66 percent higher than they were before the pandemic, having climbed with…
Read MoreDoes your auto policy include bodily injury liability insurance?
Standard auto policies contain this coverage in all but two states, but many consumers aren’t aware of it. Bodily injury liability insurance is a specific type of coverage within an auto policy that covers the medical expenses of others if the policyholder is found to be at fault in a crash. This coverage also provides coverage for additional costs such as legal fees in case of a lawsuit. The bodily injury liability insurance coverage of an auto policy is what covers the loss of income suffered by an injured person…
Read MoreNearly 3 in 4 homeowners don’t know how their home insurance works
72 percent of participants of a Forbes Advisor survey don’t know what their coverage gives them. While most homeowners understand that home insurance is critical, but according to the results of a new Forbes Advisor survey of 2,000 policyholders, the vast majority don’t know what their coverage provides. Homeowners don’t understand their coverage even though they said they’re paying more for it. According to the survey, homeowners don’t realize that their home insurance policy provides more coverage than just protecting their house and belongings against damage or theft. It stated…
Read MoreRiders are reminded of California motorcycle insurance requirements
These vehicles are proving exceptionally popular again this year and they must have liability coverage. With the second year of the pandemic, 2021 has brought a reminder of the California motorcycle insurance requirements for riders in the state. Motorcycles, like RVs, are very popular vehicles again this year and insurers are reminding riders to get the coverage required by law. Though liability coverage is the minimum requirement many riders are choosing full coverage. There are many different California motorcycle insurance companies selling coverage, and riders are often surprised at how…
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