You Win Some and You Lose Some

One thing that can be said about auto insurance rates right now is that competition is fierce.  Auto insurance companies are developing different techniques and pricing models to better predict risk.  Progressive has Snapshot and Erie Insurance has Rate Lock.  Many drivers living in Elizabethtown, Mount Joy and Marietta have saved money with these new options. But…

What the Hail?

The last major hail storm to cause damage in the Mount Joy, Marietta and Maytown area was May 2010.  Well summertime is here again and so is the threat of hail. Marietta and Maytown were spared this time but hail claims have been coming in from Manheim and Hershey. A past blog post mentioned the value of having…

Insurance For Leasing a Car

The post of May 5 discussed the advantage of having replacement cost coverage for your brand new car.  An observant reader noticed the fine print in the New Auto Security Coverage.  This coverage does not apply to leased autos. Leased autos have a risk exposure commonly known as “gap”. “Gap” is the diference between the ACV of an auto…

New Auto Coverage For Your New Auto

Have you ever heard the expression: “A car is a bad investment”?  This is generally true because your car begins to depreciate in value as soon as you drive it. My post of September 4, 2011 discussed the various settlement options commonly found in insurance policies.  Auto insurance policies usually pay physical damage claims to your auto…

Stacked or Unstacked Uninsured & Underinsured Motorist? -That IsThe Question

The post of Oct 11 discussed the importance of Uninsured and Underinsured Motorist coverage.  Another choice you have to make with these coverages is whether you want “Stacked” or “Unstacked” limits.  By default your coverage is stacked.  Waivers must be signed to reject stacking. Stacked coverage allows you to collect the sum of the Uninsured or Underinsured Motorist…

Elizabethtown Insurance Company Plans To Non-renew Policies

I received notification today from Elizabethtown Insurance Company of their plan to non-renew all insurance policies.  The company will be mailing letters to policyholders informing them of this decision. Pennsylvania law requires that homeowners and personal lines policies be given 30 days notice of intent to non-renew insurance coverage and 60 days notice for commercial policies. I want to…

Why You Need Uninsured Motorist and Underinsured Motorist Coverage

Pennsylvania  law requires auto owners to buy auto insurance.  The compulsory limit of coverage for Bodily Injury Liability is $15,000 per person / $30,000 per accident and Property Damage Liability $5,000.  These compulsory minimum limits are among the lowest in the nation. However, not everyone obeys the law.  A recent study suggests the recession has caused an increase in uninsured motorists,…