Auto Insurance 101

At B & B Insurance, we've made auto insurance completely hassle free. Once you're insured, you can drive with complete peace of mind, knowing that you, your family – and your vehicle - are fully protected. Auto insurance protects your automobile, and covers for the loss of belongings that might be stolen, damaged, or lost. In some cases, auto insurance can help you in the unfortunate event of a resulting lawsuit. To get the right auto insurance coverage, simply fill out our online Quote Form or call us to speak with our insurance agents now.

Estimating Insurance Needs

Estimating Insurance Needs

Regardless of whether you're single or married, you'll need to figure out your expenses, and plan for the future. If you have dependents, you must buy enough insurance to replace the income you currently generate for them, and also compensate for any additional expenses they might incur to replace the services you presently provide. Although there isn’t any specific formula to estimate life insurance needs, a quick and basic way to get a rough estimate is to take your annual income and multiply it by 7. For more information on insurance needs visit our online insurance resource.

Insurance For Every Stage Of Your Life

When is the right time to buy life insurance? What age is appropriate for obtaining a disability insurance policy? Some people think that they are way too young for such policies, but they would be wrong. This piece from Business Insider gives some excellent tips on which insurance policies you should get at certain ages.

Renter's insurance (when you rent your own place). Renter's insurance, while not a baseline requirement like health or auto insurance, is something any renter will be glad to have in the case of a fire, leak, or storm. While policies differ, they're generally low cost (think $30 a month) and cover costs including the replacement of your personal property as well as a temporary living situation should you be unable to occupy your rented home. Note that, if needed, you can usually add coverage to this policy for an engagement ring.

— Read More At Business Insider

What Happens When You Go Without Homeowner's Insurance

Many people view homeowner's policy with disdain, not only because of the additional cost but because they aren't sure what it covers. Yes, it is something required by lenders, but it isn't only for their benefit. If you do not have homeowner's insurance your lender has the right to purchase it for you, so stay ahead of the curve and do your research. The following article explores what happens when someone doesn't have homeowner's insurance.

By not having an insurance policy, you’ve put yourself and the lender at unnecessary risk. If you want to be mad at someone, be mad at yourself for not complying with the legal agreement you signed. As for your escrow account being negative, the lender has the right to require you to keep enough cash in that account to cover your property taxes and insurance premiums. Your mortgage will go up every month until it not only covers the expense, but there is a two month cushion in addition to the basic costs.

— Read More At Washington Post

Why You Need Baggage Insurance?

Traveling is hectic and stressful enough without having to worry about losing your favorite earrings, or having your favorite luggage stolen. Very recently British Airways was in the media for losing thousands of pieces of luggage. How can you protect yourself from such a scenario? Read below for your answer.

First, it’s important to know that your baggage is actually covered to a certain extent when you purchase your plane ticket. On domestic flights, liability for loss, delayed, or damaged baggage is covered by your airline and usually limited to $3,400. All the carriers have their own version, but as you can see on American Airlines' liability page, there are various restrictions and rules that determine your actual payout. That $3,400 dollars is not automatic — damage or loss must be proved, and the airlines won't pay if they believe your bag was unsuitably packed. What does that even mean?

— Read More At Yahoo.com

Do You Need The Extra Rental Car Insurance?

How many times have you gone to rent a car? Do you get frustrated when the rental place insists on supplemental insurance? Many people feel that their own personal auto insurance is more than sufficient, and they are often correct. Read the following article for insight on why you may not need supplemental auto insurance.

"The majority of consumers are covered by their own auto insurance, but they may not know it," he said. "They may be spending extra money when they don't have to."

— Read More At CNN.com

How Long Are Your Loved Ones Covered Under Your Current Life Insurance Policy?

When considering a life insurance policy, it is common practice to think of covering your family's financial needs when you are gone. How does a person determine the amount of time to provide for? How can you take into account cost-of-living increases when they have no idea what will happen in the future? Many people think that they are creating a cushion for a certain amount of time, only to find that they have not prepared sufficiently. The following article explores this conundrum, and offers some great advice.

The survey found that the life insurance coverage gap varies by geographic region, with families in the Western U.S. facing the biggest gap of $457,000. The median amount of life insurance coverage in place for families in the Western U.S. is $250,000, compared to $707,000 that they said would cover their needs. The Northeast had the next biggest coverage gap of $334,000, and the South’s coverage gap came in at $302,000. The Midwest had the smallest coverage gap of $229,000–because their self-reported needs at $430,000 were the lowest.

— Read More At Forbes.com