What Deductible Should I Choose?

This oft asked question by clients when reviewing insurance coverage does not have a right or wrong answer.   In most cases the deductible applies to property coverage.  On a rare occasion there can be deductibles that apply to liability coverage. One of the reasons for the deductible discussion when buying auto insurance, home insurance or commercial property insurance,…

Erie Auto Insurance’s “Rate Lock” – Revisited

My post of July 29, 2011 discussed Erie Insurance’s  new auto insurance policy feature now available in Pennsylvania.  Erie Insurance’s actual name for this policy feature is Rate Protection Endorsement.  “Rate Lock” is easier to say and has a nice mental image. Rate Lock has been added to both new auto insurance policies written by Thome Insurance Agency and current auto insurance…

What a Week!

Last week could have been much worse from an insurance standpoint here in the Elizabethtown, Mount Joy and Marietta areas. Remember the earthquake felt here  August 23?  While I heard no reports of damage,  one of my insured’s that has earthquake coverage submitted a claim for damage to the cement floor of their basement.  The insurance company will investigate to…

Do I Have Hurricane Coverage?

Earlier this week we experienced a rare earthquake here in Lancaster County.  Some people were surprised to learn that a “standard” property policy does not cover damage caused by earthquake. Now with Hurricane Irene warnings issued for the entire east coast, including Lancaster County, the popular question being asked is – Do I have hurricane coverage?…