2008 February | InsuranceYak.com

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Insurance discussion and general information

Choosing a Cost-effective deductible

Physical damage coverage for auto insurance is broken down into two parts:

Collision coverage: Paying for damage to a vehicle caused by hitting another object (tree, curb, vehicle) regardless of fault
Comprehensive (AKA Other than Collision): Covers most other accidental damage to the vehicle: vandalism, theft, fire, hitting animals (people are considered animals), glass, wind, hail, falling […]

Singer Tom Jones Denies having Chest Hair Insurance

This just in..
The British tabloid, The Daily Mirror, reported the famed singer requested a $6.8 million insurance policy for his chest hair.  The underwriters at Lloyd’s of London reviewed the unusual request and agreed to write the policy.
 The Tom Jones website responded:
” The story published in the Daily Mirror (UK) on Feb 5 is completely fabricated.  No […]

Hartford Insurance drops 27,000 homeowners in Florida

Hartford Insurance, sold far and wide through AARP in Florida told the Florida Senate Select Committee on Property Insurance Accountability they will start to non-renew 27,000 homeowners policies beginning August 2008.
Tom Johnston, senior vice president and chief actuary for the Hartford Group spoke on behalf of the insurer Tuesday (02/05)  in Tallahassee, representing one of […]

Allstate Florida: On the brink?

OK I had to post this..this is a little too bizarre.  
Allstate Floridian Insurance Co., a subsidiary of Allstate Insurance, sent the first of five groups of executives in a two-day agenda to testify in front of the state’s recently formed Senate Select Committee on Property Insurance Accountability in Tallahassee (ahh the Florida legislature is […]

Commercial Vehicle Insurance — Why is it needed?

Let’s begin with the “why”.  In general, personal auto policies (PAP) are easy to obtain and offer wide coverage to people and their vehicles. In some cases a PAP is not available due to usage, vehicle type or owner of the vehicle requiring an owner to purchase a commercial policy.
Commercial use is unacceptable or excluded […]

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