Commercial product and service producer for the monitoring, tracking, and reporting of high-value assets, NavStar Technologies, Inc., has announced the development of a new hardware platform that is designed to address the monitoring and tracking needs of several segments of the insurance marketplace – primarily for automobile insurers. The company will be leveraging this new product to provide the auto insurance industry with a solution with an ultra-low cost in order to help recover some of the over 700,000 vehicles that are reported as stolen every year in the US,…
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Burglary risk can be reduced with a security system
The Associated Press has reported that burglaries in American homes are on the rise, as thieves seek to obtain items made out of gold, which achieved a top price of $1,891 per ounce last month. Gold jewelry such as chains, pendants, earrings, bracelets, and rings, are all very easy to carry and can be sold in a melted form so that they don’t leave any trace as to their source. The same cannot be said about laptops, televisions, and other electronics. In order to reduce their vulnerability to this trend,…
Read MoreIs renter’s insurance necessary or a luxury for students living away from home?
The back-to-school season is upon us and college students across the country are moving into their new homes for the coming school year; a process that involves expensive personal possessions, such as computers, electronics, bicycles, clothing, and other personal items that would be costly to replace though they are highly prone to damage or theft. While some students already have protection through their parents’ homeowners insurance, many policies will not cover students who aren’t living on campus. That said, many tenants fail to realize that their property is not covered…
Read MoreBack-to-school shopping should include adequate insurance coverage for college students
According to the New York Insurance Association (NYIA), it is more important today than ever before that college students obtain adequate insurance coverage for their personal belongings. The reason for this is that school supplies no longer consist of clothing, pens, and notebooks. Instead, they involve a wide variety of expensive possessions that would be quite costly to replace should they ever be damaged in a disaster such as a fire, or if they were ever stolen. Everything from electronics to furnishings, to books come with a large price tag.…
Read MoreCadillac Escalade tops the HLDI’s list for the fourth year as most likely to be stolen
For the fourth year in a row, the Highway Loss Data Institute (HLDI) has placed the Cadillac Escalade at the top of its list of vehicles that are most likely to be stolen. The institute has based its rankings on the claims data from auto insurance companies from 2008 and 2009. According to the HLDI, among the vehicles holding the top ten positions with the highest frequency of theft, eight are large vehicles from Ford or General motors, including trucks and SUVs. The remaining two on the list are different…
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