Higher Deductibles Lower Premiums, But Can You Afford to Take the Risk?
Posted: August 9, 2016
Raising the deductible on your home insurance policy is one proven way to save money on your premiums, but it’s not the best financial decision for every homeowner. Before you reach for the phone to bump up your deductible there are two important factors to consider: Do you have enough money saved to cover higher out-of-pocket claim costs, and have you discussed potential savings and...
Health insurance premiums likely to go up in New York
Posted: August 5, 2016
New York State will soon release the rates it’s approved for premiums for health insurance. Insurers filed their requests to the state earlier this year for the premiums they want to charge in 2017. In general, they asked for bigger increases than they have in the past. But bigger increases to premiums are expected across the country. Cynthia Cox, Associate Director of Health Reform and...
Cop busted for torching his cars for insurance payouts
Posted: August 4, 2016
Saving a bundle on car insurance wasn’t enough for one NYPD officer, who was busted by the feds for torching his Range Rover and two other cars to collect at least $34,000 in reimbursement checks from GEICO, federal authorities said Wednesday. Carlos Becker promised to pay off two men if they helped him crash and burn his gray 2008 Range Rover Sport in September...
ARE YOU COVERED?
Posted: August 3, 2016
Does homeowner's insurance cover floods? As residents affected by superstorm Sandy head back to their homes, many are likely to face an unpleasant reality: Homeowners insurance does not cover flooding. Only people with flood insurance are covered against the kind of storm surges that cascaded through New York and New Jersey. Those with homeowners insurance alone are likely to be compensated for their losses only...
More cars earn top marks for safety
Posted: August 2, 2016
Despite stricter requirements and tough new crash tests more vehicles earned top marks from the Insurance Institute for Highway Safety. This year, 71 vehicles earned the Insurance Institute for Highway Safety's Top Safety Pick awards compared to 39 last year. That number includes vehicles winning the Institute's stringent Top Safety Pick Plus award, a feat managed by 33 vehicles this year, 11 more than...
