Insurance Careers: What is an Underwriter?
Posted: May 27, 2022
If you’ve seen the term “underwriter” and were never quite sure what it meant, you aren’t alone. Underwriters are often referred to as the engines of the insurance industry. As a customer, you won’t interact or see them much, but they are the behind-the-scenes experts on all things insurance. Without underwriters, insurance companies wouldn’t be able to insure anyone. We asked four underwriters at different...
The 16 Biggest Mistakes People Make When Highway Driving
Posted: May 23, 2022
When the United States Interstate Highway System was created in 1956, it transformed the way Americans traveled. Upon its completion, these new freeways allowed us to drive cross country for the first time, covering hundreds of miles between stops. But over time, the same elements that make highway driving so convenient – namely high speed limits and the elimination of intersections – have also resulted...
Common Types of Surety Bonds & How They Work
Posted: May 19, 2022
A surety bond is a contract that ensures specific obligations are met. These bonds are often required for contractors working on government contracts. They are performance-based. A surety bond is a guarantee between three parties. The parties in a surety bond are: The Principal: The individual who is required to have a surety bond. The Obligee: The individual requesting the bond. The Surety Company: The...
Is Insurance Cheaper if You Own the Car?
Posted: May 19, 2022
It’s the day you’ve been waiting for. You paid off your car. Congratulations! Now what? As you enjoy the extra cash in your bank account, it may be a good time to take a look at another expense that impacts your budget: your auto insurance. Now that you own your car, it’s reasonable to ask: Which coverages are optional when you own your car? Which...
Understanding What Your Home Insurance Policy Covers
Posted: May 16, 2022
Understanding your home insurance policy and what it covers is essential but easier said than done. Insurance contracts are written in a legal language unfamiliar to most of us. To understand your coverage, you may want to get help from a local insurance agent. You need to know what is covered – hopefully long before you need to file a claim. You likely have homeowners'...