If you didn’t have to have insurance, be it car, home, or business insurance, would you? It’s an interesting question. Many people would probably say no simply because they don’t want to pay for it or think it’s a needless expense. Others would say yes, because they understand the purpose of insurance, even if they don’t care to pay for it.
Happy New Year! I hope you had a wonderful and safe Christmas and New Year! Sheri and I welcomed the New Year with friends at a lake house on Cedar Creek Lake. It was great to get away, unplug for a couple of days, watch football, fireworks, and hang out. It also gave me a little time to journal and think about things for the coming year.
Christmas dinner has been put away and the used wrapping paper bagged and carried out. Many websites are now posting how and where to celebrate New Year’s Eve, and showing various retrospectives on the year in review. I think this is a great time to look back over the last 12 months, and peek into what’s coming for Texans and their home, car, health, and life insurance.
At the end of each year, there are several articles and blog posts published on end of year financial planning and moves to make. Some are written to address end of year tax moves you can take now, while others address items to rebalance your portfolio better, open an IRA, and improve your financial position now and in 2017.
The Takata airbag recall been going on for a couple of years now. It began to take off when the New York Times reported the company was aware of a dangerous defect with its airbags. 11 days later, the National Highway Traffic Safety Administration called for the recall to be expanded nationally from states with high humidity such as Florida, Georgia, South Carolina, and along the Gulf Coast states.
What was your first job? Aside from babysitting neighborhood kids for $1.00 an hour, mine was helping my uncle Jere sell women’s shoes at his store on the west side of Birmingham when I was 15. I didn’t have to worry its impact on my parent’s car insurance rate because I wasn’t a licensed driver and I rode the bus across town to Jere’s store.
I spoke to a group of people today about car insurance, specifically what a typical Texas policy includes and how to determine the right amount of coverage for each person. I enjoyed the interaction and questions that arose from the presentation and felt like everyone learned how to better evaluate their car insurance needs.
On September 20th, the U.S. Department of Transportation announced 15 safety guidelines for autonomous vehicles. The purpose of the guidelines is to provide guidance for traditional automakers and companies such as Uber, Google, and Tesla as they move toward releasing driverless vehicles. Here’s a synopsis of the 15 guidelines as written by Cecilia Kang for the New York Times.
A close friend and client called me a few weeks ago requesting renters insurance for an apartment she’s moving into. She and her husband are separating as they determine whether or not to end their marriage and file for divorce or go through the long process of healing. They may or may not resolve their issues in the coming weeks or months which led me, as their agent, to take a few minutes and outline the insurance decisions they need to address should they decide to divorce. Let’s take a look at the three areas anyone going through a divorce should consider.
There are a number of options that go well beyond what most people think of when they want “full coverage” car insurance. Here are six options worth knowing about.
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