Insurance Blog

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What’s the Difference Between Comp and Collision?

By | 2018-05-17T12:15:28+00:00 4:27 pm|Categories: Personal|Tags: , , |

Comp or Collision? A collision is defined to be the impact of one auto with another auto or object. You could have a collision by striking a fencepost or light pole with your car; a tree limb could fall onto your parked car; or you could hit an animal with your car while driving. Raise your [...]

What the heck is co-insurance?

By | 2018-05-17T12:15:28+00:00 9:38 pm|Categories: Business|Tags: , |

Recently, I had one of my clients call me up to go over his insurance policy. He had finally gotten around to clearing his desk and stumbled across of a renewal letter we sent that listed all of the 'important' parts of his policy - deductibles, limits, miscellaneous forms and such. When he got to the "Co-Insurance" portion of the property policy he stopped, picked up the phone and gave me a call... "What the heck is co-insurance?", he asked.