VRP Insurance wants to discuss ways companies develop their rates
Posted: September 21, 2012
Part of being a broker is explaining to our customers how our carriers develop the rates they charge their customers. For decades the rates have been based on the following: -Driver age & experience -Territory -Vehicle use (ex Work, pleasure) -Marital Status -Driving Record The industry has since then made changes and more refined ways have been created to establish prices. Companies have now sought...
VRP Insurance wants to discuss disaster restoration
Posted: September 20, 2012
Business owners do not want to experience an event that could delay daily operations or shut them down completely. Surprisingly, few business owners have plans to deal with such a disaster. Often disaster plans are overlooked and are not established until after the loss occurs. Often even companies that do have disaster plans in effect fail to update their plans on a regular basis. Not...
VRP Insurance asks a question? Can grown kids rely on Mom and Dads LI Car and Homeowners Insurance to protect them ?
Posted: September 18, 2012
Long Island Insurance customers may think An adult son or daughter is insured from mom or dad's homeowners or car policy. It usually isn't and finding this out after a loss makes matters much worse. Policies are typically clear. A relative is covered, but only if the relative is a full-time resident of the named insured's household. Even if the nonresident child lives in close proximity,...
VRP Insurance wants you to know about War & Terrorism coverage
Posted: September 11, 2012
Military activity and terrorism remains to be a leading concern to everyone. Our insured's have expressed concerns such as: How do these events affect my insurance protection? Are war and terrorist acts considered the same? Exactly what is excluded in my policies? Do I have to buy additional coverage to protect my belongings during these events? We understand your concern and confusion over the...
Summer time means attractive nuisances...
Posted: August 30, 2012
Does your insurance policy cover if a child were to wander in your yard and get injured from playing with yard tools or swimming in your pool? Did you know you are still liable even if you were not home when this occurred? It is important to know that your home insurance liability will cover hospital bills and court cost in the case that someone is injured...