Insurance Blog

Please read and comment on our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

 

May 23rd, 2018 by 5 Boroughs Insurance Agency

18 Tips to Consider Before Buying Auto, Home & Life Insurance

Those who fail to plan, plan to fail. And like it or not, planning for the unexpected by being properly insured is a big part of being financially responsible. That’s because people who try to save a few bucks by not buying insurance can quickly end up in severe financial distress if bad luck befalls them. The trouble is, for a lot of folks, buying insurance can... Read Article

Fewer Shopping For Car Insurance As Ad Buys Fall And Falter

It seems nearly impossible to switch on a television or click onto the Internet without being subjected to a barrage of ads beckoning viewers to switch their car insurance carriers. But it seems consumers may finally be falling numb to the pitch, as the number of drivers shopping for auto coverage has dropped to a four-year low. That’s according to the just-released Auto Insurance Shopping Index compiled by the... Read Article

7 questions to ask before renewing your homeowner’s insurance

If you own a house, homeowner’s insurance is a necessity. Not only do you need it to protect your home and possessions against damage and theft, your mortgage lender will also require that you carry it. But it’s not enough to simply have coverage, you need to have the right coverage. David Miller, vice president client executive for Plexus Private Client Solutions says a good... Read Article

What Is the Right Time to Purchase Life Insurance?

Life insurance is important because it provides financial security for your loved ones should you become incapacitated or pass away. Even if you have no assets to pass on, a life insurance policy can provide an inheritance for them. It can also be used to pay off outstanding debts, such as a mortgage, car loan, or credit card debts, to avoid placing additional burdens on... Read Article

Should You File a Small Auto Insurance Claim?

You could pay more in extra premiums than you receive from your insurer for the claim. I’m debating whether to file a claim with my auto insurer for a $1,000 repair to a damaged bumper. I have a $100 collision deductible. Will filing a claim increase my premium? –E.E., Plainsboro, N.J. It might. You could lose a claims-free discount, or your insurer could add an... Read Article