Personal Lines

What do the “greying” of America and autonomous vehicles have in common? Together, they are conspiring to kill your personal lines book.

An agent is told that “other than collision” coverage is named-peril, while “comprehensive” is all-risk. Is this accurate?

Life insurance is sometimes portrayed as a “set it and forget it” type of investment, but the reality is that there are a variety of variables that can change along the way.

The improving economy comes with plenty of side effects, and if your agency sells specialty lines, one of them is that your clients have more money to invest in collectibles like classic cars.

In the event of injury to a pet, is the pet considered property? If so, is their value limited to their market value—in other words, replacement cost?

Why are classic car repair costs on the rise? In addition to a higher standard of care, the number of specialist mechanics is dwindling.

Independent agent Troy Peterson offers classic car insurance to his personal lines clients. “Due to some technological advances, I’d say it’s actually easier to get a policy than in the past,” he says.

Some industry watchers believe the independent agent has no role to play in the personal auto market of tomorrow. Here are three creative ways to make sure you stay competitive as the personal auto market continues to evolve.

Personal auto frequency and severity have clocked steady increases in recent years—and the trend shows no signs of slowing down.

Independent agent Adam Stevenson says the biggest challenge in the personal auto market is “trying to get people to understand why they need to carry higher limits.” In a state where the minimum limit “can be quickly exhausted for bodily injury,” he says,