John M. Biggio Lighthouse Weekly - Issue #7

Article of The Week

With most home insurance, you are required to prove that your personal property claim happened due to one of the named perils listed on your policy. However, there are premium policies where the only way you won't get reimbursed for personal property damages is if the peril is specifically exempted from your policy.
With HO5 Insurance, You're In Charge

Automobile

According to the Insurance Institute for Highway Safety, 16-year-olds are the riskiest drivers on the road -- and the most likely to get into car accidents. So it shouldn't come as a big shock that adding a teenage driver to your automobile insurance policy will cause your insurance premiums to rise. Click through to find the biggest issues facing parents of teen drivers.
Top Reader Questions About Insurance For Teen Drivers

Homeowners

The basic goal behind buying insurance is to make you financially whole following a loss. You agree to pay a (relatively) small fee to an insurance company today, causing a small but certain loss to you now, in exchange for a guarantee from the insurance company that it will bear the burden of a large but uncertain loss in the future.
The Importance Of Property Insurance

Commercial Line

The April 2011 wildfires in Texas left millions of dollars in property losses in their wake -- as well as untold devastation for homeowners, renters and businesses. Yet the right insurance coverage and property modifications can help business owners rebuild and bounce back.
A Business Owner's Guide To Wildfires

John M. Biggio Lighthouse Weekly - Issue #6

Article of The Week

Many renters do not realize they have so much to lose, whether it is personal belongings or financial loss due to legal liability. If you do not already have renters insurance, you may question its importance and the coverage it provides. Check out some common questions and answers below. You might be surprised to learn just how much you risk losing without proper insurance for both your personal liability and your personal belongings.

Questions Answers About Renters Insurance

Automobile

Auto Insurance Bodily Injury (BI) Liability and Property Damage (PD) coverage is Legally required in most states today. (BI & PD) Most people understand that they need BI & PD, but they have no idea how to determine how much coverage they need.
Determine How Much Coverage Your Autos Need

Homeowners

This morning I awoke to the sound of a loud fire engine siren signaling a strong warning. It was code, I later learned, for all firemen out. The home they had been trying to save had gotten too hot, and their mission shifted from trying to save the structure to trying to contain, and eventually put out, the fire before it spread to the neighbors’ lots.
A Wake Up Call To Homeowners Insurance

Commercial Line

Becoming a corporate businesses allows home-based businesses to take advantage of benefits originally designed for larger companies. Even small businesses, such as those that produce incomes around $50,000 (or, in Canada, anything over $30,000), can benefit from incorporation. Incorporation can build legitimacy for a business and its services. For the sole proprietor business, incorporation also provides benefits by reducing personal liability or income taxes.
Shouuld You Incorporate Your Business?

John M. Biggio Lighthouse Weekly - Issue #5

Article of The Week

It's impossible to predict whether you might lose a lawsuit resulting from a car accident or an accident on your property. Nor is it possible to predict the amount that might be awarded to the winning party, an amount that you would be responsible for paying. To protect yourself against the possibility of devastating financial loss from these unforeseen events, you may want to purchase an umbrella policy.

It's Raining Lawsuits: Do You Need an Umbrella Policy?

Automobile

Most of us believe that in order to drive an automobile in America, we have to show proof of auto insurance, and in most cases that's true. According to the Discovery Channel, there are approximately 6.2 million automobile accidents each year in America. On average, an accident involves two drivers and one passenger making the total amount of people involved close to 18.6 million. This means that there is a one in 16 chance that each of us will get into an accident in any given year.

What You Don't Know About Auto Insurance May Cost You

Homeowners

Here are some factors to consider when purchasing home insurance.  All of these factors can and will have an influence on the price you pay for home insurance.
Factors That Can Affect the Price of Your Homeowners Insurance

Commercial Line

When you start a home-based business, buying insurance may not be your first priority, but you cannot afford to ignore it either. When the unexpected happens -- and it will -- having insurance coverage may mean the difference between the success and failure of your home-based business. You may not require all types of insurance listed here, but taking some time now to consider your insurance needs can save you money and headaches in the future. Ultimately, after reading this article, the best way to determine your complete needs is to consult with your insurance agent. Explain to them the details of your home-based business and he or she should be able to determine the best insurance coverage for you (and any employees).
Home-Based Business Owners, You Need Insurance

John M. Biggio Lighthouse Weekly - Issue #4

Article of The Week

Many of the big insurance companies price their insurance rates to attract a particular segment of the market. They usually price their insurance to attract homeowners who need to insure not only their cars, but also their homes and their lives (and other things). Many other companies can beat them on price if it's left to a head-to-head price check on a single line of insurance (such as auto or home), but these big companies want customers who will stay with them for years instead of shopping around for a better deal every six months. To accomplish this, companies give the best deal to clients who will use their company to insure all three main lines of insurance, as people who buy one type of insurance usually have additional items that need insuring and end up paying much more in total annual premiums than the single-line customer who only insure a car or a house.
Bundle Your Insurance For Big Savings

Automobile

Due to the litigious nature of our society and the rising cost of vehicles, car insurance rates are hefty throughout the nation. The bad news is that insurance isn't likely to lessen in price any time soon. The good news is that there are things that you can do to minimize increases and/or lessen the burden on your wallet. Let's take a look at 12 tips you can employ to save your driving dollars.
12 Car Insurance Cost Cutters

Homeowners

Claims adjusters, agents and other insurance professionals get a firsthand look at all the things that can go wrong at home. They see everything from catastrophic events -- like major storms -- to more common problems, like dryer fires, burglaries and plumbing leaks. When you see similar claims cross your desk every week, you begin to rethink your own family’s habits.
When insurance pros go home for the day, they implement their own techniques for reducing the chance of mishaps.
8 Ways Insurance Pros Protect Their Homes

 

Commercial Line

It’s normal to have questions regarding the type of coverage your business requires. Commercial business insurance covers a broad spectrum of protection that includes your property, you and your employees, and your liability. With a start up, it’s possible as the owner you have personal assets on the line.  As you begin to understand and put the pieces together, it is important to remember the ultimate goal is to make sure you are never underinsured or exposed in the event of an incident or disaster.  Let’s look at the basics of small business insurance.
Let's Look At Small Business Insurance Basics