Independent agent Laurie Noel always offers personal umbrella coverage because “underlying policy limits are not always enough,” she says. “With the increasingly litigious society we’re all living in, personal umbrella has become more important than ever
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.
