October 2020 - Udell Family Insurance

4 Common Homeowners Insurance Myths You Should Be Aware of

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myth about homeowners insurance

Did you ever hear the myth about homeowners insurance that it covers every disaster or loss imaginable? Those who believe this misconception usually find out too late that their policy doesn’t cover many ‘presumed to be covered’ disasters. To prevent surprise costs, you need to be clear about the terms before you agree to them. Here are 4 common myths about home insurance that you should be aware of:

1. Coverage Against All Floods:

People who haven’t taken the time to understand the terms of their standard homeowners insurance might assume that flooding is automatically covered […]

Common Reasons Why Auto Insurance Premiums Rise

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auto insurance premium rates

Increasing auto insurance premiums only adds to the already existing struggles in uncertain economic times. But you can always take steps to lower costs. Here are various factors that contribute to rising auto insurance premium rates across the nation.

1. Recorded Driving Behavior

a) Miles Driven:

The more people drive, the more their insurance rates will increase. A 2016 article in the Washington Post cited an AAA report that Americans were driving more due to cheaper fuel and other reasons. More miles imply an increase in the chances of an accident, which raises the insurer’s […]