A wave of sexual harassment claims began last year from women coming forward to name the men who harassed them; Harvey Weinstein, Bill O’Reilly, Matt Lauer, and countless others. These courageous women provided the foundation giving birth to the #MeToo movement, something that should have happened a long time ago. Commercial insurance companies believe this movement may lead to a wave of employment practices liability claims.
There are three areas or categories home insurance options tend to fall into. Last week I opened this series with a look at property-oriented options. These options provide additional coverage that either extends the base limits of coverage contained within a home, renters, or condo insurance policy, or they provide additional coverage that isn’t a part of the base policy. In this week’s post, we’ll examine options that provide coverage for personal liability.
What do you do while driving? I know I don’t always pay attention like I should. I may be having a conversation with one of my assistants or answering a client’s questions about their policies. I check email and text messages at lights, confirm directions if I’m headed to someplace for the first time, and listen to books on Audible. I guess this means I’m driving distracted, and I know I’m not the only one. But there’s a new app from TrueMotion that may make each of us a better, less distracted, driver.
Home insurance has several options which can be added to a home or condo policy. Some may even be added to a renters policy. These options provide additional coverage to further protect the home or the owner’s contents. Some options may provide additional liability coverage or enhance the protection of the policy holder’s financial status. We’ll examine each of these three areas over the next couple of weeks.
Earlier this week, a pedestrian was struck by an Uber vehicle operating in autonomous mode and died from her injuries. This if the first recorded fatality between a pedestrian and an autonomous vehicle, and it raises several interesting legal, liability, and even insurance related questions worth noting.
Over the past few weeks, I’ve written about home insurance covering traditional homes, condos, and town homes, as well as, renters insurance. In all the posts, I’ve mentioned the term replacement cost. On a renters policy, this refers to contents or personal property, while on a home, condo, or town home policy this refers to the actual structure and the contents. Let’s examine what replacement coverage is and how it’s different from the other type of coverage.
