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Home Insurance and Volcanoes

I’ve been fascinated watching the news on the Kilauea volcano eruption and its lava flows from the 17 or so vents that have opened across the area. It’s amazing to see the lava sprays and flows as it moves downhill through the forests and into populated areas. I can’t imagine what the people living in the area are going through wondering and waiting to see if their homes and anything else they left behind will be there once the volcanic activity subsides. One of the things I’ve wondered about is if home insurance covers such a force of nature as it’s engulfed about 25 homes and 10 other structures so far.

Whose Insurance Covers an Accident Between Two Autonomous Vehicles?

A Washington Examiner article appeared in my Insurance Journal feed earlier this week raising one of the most interesting questions I’ve seen in a long time and that is, “If two self-driving cars get into an accident, whose insurance covers the damage?” I’m not aware of that happening yet, but it probably will happen. After all, the software that guides these vehicles is still being shaped as both human developers and artificial intelligence, and both are discovering things they may not have considered. There are two scenarios that give us a hint as to the possible answer.

The Relationship Between Home Insurance, Appraised Tax Value and Mortgage Loan Amount

There are two questions I’m frequently asked, either by home owners or buyers as it relates to the insured value of their home. The first question is about the appraised value of a home as listed in the county appraisal district and the second is about the purchase price and/or loan amount of their home. In both cases, the question is what is the relationship between the amount of insurance they have on their home and either the tax or loan value of their home? Let’s look at all three and contrast them.

The Car Insurance Rate Impact for a Distracted Driving Ticket

I’ve written several posts on distracted driving and how dangerous it is for both the driver and everyone else on the road. Related topics I’ve written about include the types of things that contribute to driving in a distracted manner such as phone usage, video billboards, electronic systems in most cars, etc. An article recently appeared in The Dallas Morning News and Bloomberg about a recent study that revealed the average car insurance rate increase resulting from a driver being awarded a ticket for distracted driving.

Home Insurance Rating Factors Related to Your Home

Last week we examined the top four home insurance factors that have nothing to do with your home including credit, marital status, occupation and education. Let’s flip the script and look at those items that impact your rate that are related to your home.

Car Insurance Answers for Nesters, Boomerangs and Parental Gifts

ver the past three weeks, I’ve been faced with three interesting scenarios involving young adults and how to handle their car insurance. There was the adult who hadn’t left the nest, the boomerang, and the one who’s married and out of their parents’ home but received the gift of a car from the parents. Each presented its own uniqueness in addressing who purchases the car insurance, however there was one commonality that everything hinged on. Let’s look at each one.

Home Insurance and Volcanoes

Whose Insurance Covers an Accident Between Two Autonomous Vehicles?

The Relationship Between Home Insurance, Appraised Tax Value and Mortgage Loan Amount

The Car Insurance Rate Impact for a Distracted Driving Ticket

Home Insurance Rating Factors Related to Your Home

Car Insurance Answers for Nesters, Boomerangs and Parental Gifts

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