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…

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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…

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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…

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