Post Date January 29th, 2014 – People who steal come in all shapes and sizes. Further, they have a preference on the things they steal. Thieves whom steal vehicles just don’t steal cars, trucks and SUV’s.  In fact, some are not only attracted to cars at all.  In fact, if it were not for motorcycle thieves, there would not be motorcycle Insurance and Motorcycle Insurance Rates. Those whom are motorcycle enthusiasts have all types of interests when it comes to the type of motorcycles they own and ride. These two-wheeled vehicles do not come cheap and losing them to thieves can be a big loss if you have not bought Motorcycle insurance.

Motorcycle Insurance Rates are very low in comparison to the risk of ownership

Although the National Insurance Crime Bureau (NICB) recently reported a decline on the rate of motorcycles stolen in 2013 compared to 2012, but still the risk remains the same. Further the rates on Motorcycle Insurance have also remained the same. The NCIB reports a total of motorcycle’s stolen across the United States declined over 5% last year.

Motorcycles attract thieves for their value. They can range from hundreds of dollars to 10’s of thousands. Some motorcycles even cost $50,000 or more. Either a thief would sell the stolen motorcycle as a whole unit, or the bike would be stripped for its parts and used to reconstruct another motorcycle. The reason Motorcycle Insurance Rates are not in decline even though thefts are down – is the ease of a motorcycle to steal. Still Motorcycle Insurance Rates are still very reasonable.

More Japanese brand motorcycles topped the NCIB list with the most number stolen. Honda had the most with over 11,000 reported stolen.  Yamaha had nearly 9000. Suzuki follows the pack with a little under 7300. Kawasaki came in 4th with 5,000 motorcycles stolen.  The last and the most surprising is Harley-Davidson came in fifth with a little over 3,000 bikes stolen.

As to the states with the most number of motorcycle thefts, California is at the top of the list with nearly 6000 bikes stolen while Texas is # 2 with 4000. In the United States, nearly five hundred thousand motorcycle were sold in 2013. Regardless how much you spend on your motorcycle, it’s important to purchase motorcycle insurance. If you have not purchased motorcycle insurance in the past, you will be surprised how inexpensive it truly is.

Post Date January 27, 2014 – I have always wondered why Deer don’t seem to evolve and stop crossing roadways and get run over by cars and trucks. Based on some statistic recently found is Ohio car insurance rates.  It’s possible or cotton tailed friend have learned their lesson of not going head to head with cars.  On the other hand Ohio car insurance rates are showing maybe its the other way around. Whatever the truth; Ohio car insurance rates show the number of deer-auto collisions within the state of Ohio last year have fallen to four percent compared  in 2013 to the numbers in 2012.

Ohio Car insurance Rates Reflect insurance companies are paying our much less for Deer accidents

The data which was released by Ohio auto insurance carriers,  deer and vehicle accidents, showed that there were just around 50,000 collision incidents reported to the authorities in 2013 These crashes however have resulted in the to deaths of eight individuals and have injured close to 2000 people. Deer-auto crashes have also resulted in property damages.

Deer-auto collisions is not only a headache among driver. It can also be a headache among insurers. The auto insurance law in Michigan requires that auto insurance policies shall provide unlimited and even lifetime medical benefits to state policyholders who would be injured in a crash, including that of deer-auto collisions.

The statistics show awareness among the public about the increased hazard of deer on roads especially that those animals are most active during their mating season and such have already begun.

In the Great Lakes State, the Alcona County which contains a large part of the Huron National Forest has the highest rate for chances of deer-auto collisions which is one in every 22 residents. The lowest chance for such collisions can be observed in Wayne County which is an urbanized area, with the rate of one crash in every 4,700 residents.

Buck-eye state Deer Crash Coalitions advises drivers that in the event that deer-auto collisions are unavoidable. Driver’s should try hard not to swerve the vehicle, to step on the brakes firmly and as much as possible stay in one’s lane so as to not aggravate the consequences. A common misconception is the Comprehensive coverage on any Ohio auto insurance does cover deer-auto collisions.

Post Date January 23, 2014 –  Super Storm Sandy has put the U.S. Flood Insurance Program in a world of hurt.  This is nothing new.  The Flood Insurance Program has been in trouble on numerous times in the last two decades.  Just like every program the U.S. Government  supports – it does not work correctly.  Sadly; Super Storm Sandy was such devistating  the stress the storm will put on the whole system.  It will definitely test the feasibility and sustainability of the United States’ National Flood Insurance Program.

Flood Insurance Program will continue to need periodic bailouts

The Flood program had earlier plunged deep into debt in 2005 as Hurricane Katrina brought $17.7 billion in claims. And with Sandy being considered to have the second-worst insured flood loss in the history of the U.S (second to Katrina), the flood insurance program’s viability is unclear whether it can suffice to the magnitude of claims post-Sandy.

The question now is whether the program can withstand the claims or will the claims exceed $3.7 billion – the amount which the National Flood Insurance Program can exhaust at the moment.
The flood program has been plagued with debts as its premiums was not able to cover the amount of claims brought by previous floods, especially those cause by severe hurricanes in 2004 and 2005.

However, the largest insurance provider for the flood program believes that it is still too early to say whether Sandy’s damages will go over the program’s financial capacity. Patty Templeton – Jones, Wright Flood’s chief operating officer said that today’s average Sandy claims are at 3,000 a day.

The flood insurance program
Standard homeowner’s insurance coverage does not cover damages from flood. To be covered on such disaster, a homeowner must avail of the government’s National Flood Insurance Program (NFIP). The NFIP started in 1968 to provide homeowners with affordable flood insurance.

Today, there are 80 Homeowners Insurance companies which market, sell and collect flood insurance premiums in behalf of the federal government for a fee. The insurance premiums then go to the Federal Emergency Management Agency (FEMA). FEMA has claims from  80,000 Flood Insurance Policies.

Post Date January 21, 2014 – In one case, just about $100,000  in fines were recovered by the Connecticut Insurance Department (CID) for the state’s insurance buying consumers.  Connecticut auto insurance rates have been the subject of many consumer auto insurance complaints in the third quarter of 2013.

Connecticut Auto Insurance Rates and errors need to be reported

As a government office tasked with the protection and welfare of the states insurance buying public, it also sets and regulates Connecticut auto insurance rates. The CID was also able to recover over $2,000,000.00 stemming from complaints filed against insurance companies because of their Connecticut auto insurance rates.

Connecticut Auto Insurance rates complaints are ranked among the highest number of consumer complaints among  different types of insurance. Though ranked fourth, complaints from Connecticut auto insurance rates was able to register among the third highest amount of recovery.

The millions recovered after the Consumer Affairs Unit of the CID attended to around 1,500 complaints and inquiries filed through the summer of 2013.  The CID charged different auto insurance companies a total of $1.1 million in fines.

Auto Insurance buyers expect their Connecticut car insurance rates to be properly charged. When their Connecticut auto insurance rates are not charged as they agreed, the CID will address the complaint  But what happens to your when your car insurance carrier does pay a claim or cancel you for no reason?  You should make a complaint to the CID. Every insurance consumer who have an issue against their Connecticut Auto insurance company.

According to the National Association of Insurance Commissioners (NAIC), late claim payments are the number one most common complaint across the country. Insurance consumers can always turn to their state’s insurance department for help when they feel like their insurance company is breaking the law or that if they are having problems with their insurer.

Post Date  January 21, 2014 – After a major storm like Super Storm Sandy struck hundreds of homeowners across the Keystone State were left with Pennsylvania Homeowners Insurance Claims.  The one good thing is these  PA residence will not be paying hurricane deductibles on their Pennsylvania Homeowners Insurance Claims. Bad news is, Pennsylvania homeowners insurance claims processes were tedious and a long drawn out ordeal for some insureds.

Pennsylvania homeowners insurance claims process should be easier after a disaster

The Pennsylvania Homeowners Insurance claims process maybe frustrating for some policyholders.  The most important thing is,  you will receive what is due to you. Although there might be a long wait between the Pennsylvania Homeowners Insurance claim, when the insured files his or her claim and when the Pennsylvania Homeowners insurance claims payment.  Insurance companies are required to pay claims in a timely fashion.  If the insurance company does not pay their claims –  the will face huge fines.

Waiting to get paid by your insurance carrier can be an inconvenience. While you are waiting, what can a policyholder do to secure their damaged home while your Pennsylvania Homeowners insurance claims payment has not been paid?

After a storm or severe natural disaster, damaged homes need to be repaired.  In some cases the home is so damaged it can no longer be habitable. The question is what do you do in this situation?  Pennsylvania homeowners insurance policyholders can turn to disaster loans provided by the U.S. Small Business Administration.  You can borrow as much as $200,000.  The money can only be used for repair or replacement  of damaged real estate. As for repair or replacement of damaged personal properties, both renters and homeowners can loan up to $40,000. As for business establishments, they can also borrow. They can borrow up to $2 million to replace or repair their damaged real estate, they equipment, and other business assets. According to (FEMA), people who wish to apply for these disaster loans from the U.S. Small Business Administration can call and register for the loan process.

Post Date January 19, 2014 – Obamacare Health Insurance analysts say 6 million Americans will face penalties in 2016 if they refuse to purchase Obamacare Health Insurance as President Barack Obama’s health care overhaul is being fixed.

Obamacare Health Insurance Penalties are also unaffordable

The number of scoff laws is estimated at almost 50 percent higher than the amount calculated by the Congressional Budget Office.  This is not good news for the Patient Protection and Affordable Care Act.  The OMB estimated around 4,000,000 Americans will not be able to afford Obamacare Health Insurance will be forced to pay the penalty. Most of these Americans belong to the middle class.  The penalty for not being able to afford to Obamacare Health Insurance will be $1,200. If you can’t afford to buy Obamacare Health Insurance, where does the government expect you to come up with $1200.00.

“The bad news and broken promises from Obamacare just keep piling up,” expressed Representative Dave Camp, a Republican from Michigan who chairs the House Ways and Means Committee, as he refer to the number of Americans that will possible have to pay tax penalties as they could not have the mandated health insurance. Camp wants to abolish Obama’s health care reform law.

All residents of the United States of America are mandated to to purchase Obamacare Health Insurance this year or face a penalty which will exceed $1000.00.  The Congressional Budget Office says the government will collect  nearly 7 billion dollars from tax penalties. The Obama administration stated for the last 6 years 98 percent of the American people shall not be affected by the tax penalty.  According to Health and Human Services, the tax penalty should only affect those citizens who can afford to buy health insurance but chooses not to. Most people whom don’t purchase health insurance can’t afford it.

In addition, the administration views it that most Americans shall not worry on the said mandate since most of them already have health coverage as provided by their employers and other government programs such as Medicare.

Post Date January 16, 2014 – Does the new Ohio Car insurance buyers guide really help Ohio Car Insurance consumers with their decision buying an Ohio car insurance policy? Do any state insurance auto insurance guides help auto insurance consumers make a well-informed decision?  Although you may be skeptical, the answer for the majority of auto insurance buyers is yes.

Ohio Car Insurance Buyers Guide helps explain coverage’s 

Ohio’s Department of Insurance in an effort to provide Ohio Car Insurance Buyers with a guide to help make Ohioans confident about buying a Ohio Car insurance policy, health coverage, homeowners, life and annuities, and other insurance needs, has released recently new insurance consumer buyers guide which provides  insurance.

Ohio Car Insurance  Guide helps explains the Buck Eye states new Policy Form

Ohio’s state Insurance Department Director announced the release of a newer and better insurance guide. The top priority of the Ohio Insurance Department is to provide insurance education to Ohioans and protect them. The new insurance guide, according to the insurance director features detailed but easy-to-read publications that will empower consumers as they evaluate coverage and policies that they are about to purchase.

The new guides according to the Ohio Department insurance would address a handful of insurance topics that includes the consumers’ rights, clarifications of coverages, and answers to common questions. The new guide lines also provide consumers with explanations on how to cancel and non-renewal of policies, on how to appeal coverage denial, and how to file a complaint.

The new guidelines will breakdown information with regards to the different Ohio Car insurance coverage, the rights of Ohio car insurance consumers, their financial requirements and how they can be protected themselves against uninsured/underinsured motorists. The guide will also inform consumers how to apply for discounts in their Ohio Car Insurance policies. A Copy of the said new insurance guides in Ohio can be downloaded the website of the state’s Department of Insurance.

Post Date January 12, 2014 – Business Auto insurance Coverage is very different than Personal Auto Insurance. In the past, Business auto insurance would not cover and family members living in your household.  A recent court ruling states Underinsured Motorist coverage will be provided through a business auto insurance policy to cover a family member’s damages from an automobile accident although the vehicle He/she is riding in is not listed on the policy.

Business auto insurance coverage in a household can now be accessed

This judicial decision was made by a U.S. Appeals Court.  The case was filed in Illinois. The father’s Business Auto Insurance policy was being sought to pay medical insurance coverage for his daughter’s physical injuries from an accident. It involved a car that was not in his business auto insurance policy. U.S. District Court of Appeals for the Seventh Circuit handed down this decision.

The cased stemmed from a accident in Woodbine Township, Illinois on March 2008. Nicole Haight then was a passengers of a Chevrolet Geo Metro who got hurt when the car rolled over and down an embankment. The young girl was thrown from the car. Her injuries from the accident were very serious.

The Geo Metro’s personal auto policy coverage was exhausted of it’s $50.000 coverage limit In order to pay the girl’s extensive medical bills, her lawyer sought more compensation from the fathers Business Auto Insurance Policy. The law suit looked to access the the Underinsured Insurance coverage of $300,000 from the fathers Business auto insurance company.

The Business auto insurance company filed for a dismissal on Nicole’s claim based on the grounds that she was not a passenger a covered vehicle in the policy. But Nicole’s lawyers argued that she can be covered  the father’s policy has a clause that says “any family members” of the policyholder can be eligible for UIM Compensation.

The appeals court ruled that since the “covered auto” was not present on the portion of the policy that defines who are entitled to the UIM benefits, the UIM coverage shall extend to both the insured policyholder and his or her family members and shall not require “occupation of a covered auto.”

Post Date January 10, 2014 – With in excess of one million cars sold, Toyota Motor company is the number one (1) top-seller for hybrid electric motor car. Not only does the Toyota Prius hold the top spot for top selling car, it holds the top spot for low cost car insurance rates.

Low Cost Car Insurance Rates For Prius and most Hybrids are found at InsureDirect.com

Since Toyoya Prius holds the number 1 position of the United States a hybrid top-seller, the National Insurance Crime Bureau (NCIB) investigated the Prius’s hybrid car’s theft history. NCIB’s report showed both the Prius low theft rates and the low cost car insurance rates.  The report studied all Prius thefts that were reported to the National Crime Information Center (NCIC) in the last 12 years. The first case of Toyota Prius theft was recorded on September 4, 2001. The low cost car insurance rates for the Prius reduced over many years of low theft statistic.

The data shows despite the Toyota Pius’s growing popularity in the US Car Market, the theft rate has maintained to be exceptionally low and that it even has a higher theft recovery rate. This is the primary reason why the Prius low cost car insurance rates.

Since Sept. 4, 2000 until June 30, 2012, there have been nearly 2500 Toyota Prius Automobiles have been in the stolen. Since Pennsylvania is the third largest auto insurance market in the United States. It’s also the state with the third highest rate of auto thefts.  The top spot is held by California  then Florida. Northern New Jersey near the New York Bridges are also high volume theft areas Statistically, the Toyota Prius has the lowest theft rates among stolen vehicles in all these states.

Knowing a vehicle’s theft rate is one factor that can help you in shopping for automobiles and eventually for shopping auto insurance. Car Insurance companies use risk factors in rating one’s auto insurance rates, and one of the risk they are looking into is the vehicle’s susceptibility to theft. With that knowledge, InsureDirect.com provides low cost car insurance rates for the Toyota Prius and most hybrids.

Post Date January 8, 2014 – More and more states are now discussing  proposals that drivers can present their proof of auto insurance coverage electronically through their mobile phones, computers and even tablets. It appears the State of Ohio is no different.  Proof of Ohio car insurance in an electronic format is being considered as an option in the Ohio Department of insurance and may be introduced in the Ohio legislature.

Proof Of Ohio Car Insurance using your cell phone is here to stay

An Ohio State Representative recently introduced a House of Representatives a bill proposing that proof of Ohio car insurance go electronic. I know what your thinking, a hassel right?  It’s just easier to prove your financial responsibility to the police using your ID Card – right? The one thing about having to provide Proof of Ohio Insurance via your electronic device is – your device will actually show if your Proof of Ohio Car Insurance is in force. The insurance carrier will prove via the Smartphones or other electronic devices if you are paid up to date. Proof of Ohio Car Insurance via an ID Card does not prove anything.  Although your card showed Proof of Ohio Car Insurance was current on the effective date, you may have since allowed the the policy to lapse.

The Ohio legislator patterned it’s bill after a similar laws being implemented in the states of Alabama, Arizona, Colorado, Idaho, Louisiana, Minnesota and California. The Property Casualty Insurance Association of America (PCIAA) had announced there are already 2 dozen states that are having this option of presenting electronic proof of insurance electronically.

According to the PCIAA, consumers are already using their phones for many things and that most facilitate less paper transactions. Most states that have considered passing such law, the traditional practice of having proof of insurance on paper is still being retained and that the electronic insurance card serves as an additional option in proving to authorities that they are following the law.