Insurance Topics Archives - Pete Beckman Insurance

Insurance Topics

insurance topics Interesting, useful, and informative articles covering various topics of insurance.

What is Rideshare Insurance?

Before driving for a Transportation Network Company (TNC), such as Uber or Lyft, it’s important to understand your insurance coverage. A personal auto insurance policy typically doesn’t cover “business use” of your vehicle, and the insurance coverage from a TNC may be inadequate. Therefore, to fill the gap in coverage, many auto insurers now offer…

US P&C industry sees $8.2bn net underwriting loss in Q1: AM Best

16th June 2023 – Author: Jack Willard The US property & casualty (P&C) witnessed an $8.2 billion net underwriting loss in the first quarter of 2023, compared with a $3.4 billion gain in the same prior-year period, according to preliminary results. Combined ratio for the P&C industry deteriorated by 6.1 percentage points to 102.0 in Q123,…

Importance Of Home Inventory

Don’t overlook the importance of taking home inventory. It is important because homeowners insurance doesn’t only cover your physical home; it also insures your belongings within it. If you can’t remember all the possessions you’ve accumulated over the years, you need a home inventory. An up-to-date inventory helps settle insurance claims faster and verifies losses…

Why Buy Life Insurance

Why buy life insurance? It’s important to have a plan in place to protect your loved ones in the event of your death. In fact, many financial advisors consider life insurance to be the cornerstone of sound financial planning. Not only is is a good strategy, it’s a cost-effective way to provide for your loved…