The first step in determining whether a car is totaled (or, in insurance terms, a total loss) is to calculate its actual cash value (ACV) at the time of the loss. The ACV is how much your vehicle is worth after factoring in depreciation. On average, vehicles depreciate more than 20 percent in the first year and approximately 10 percent each additional year for the...
When a hurricane is on the way, you have to act fast. While you’re making an evacuation plan or stocking up on bottled water, the last thing you want to be thinking is, “Will my insurance cover what happens after this?” Yes, hurricanes can be devastating – personally and financially. But anxiety can keep you from being present to what matters most. We want you...
The start of fall brings a lot of welcome things: a new school year, cooler temps and changing leaves. You may not notice it right away, but your daily commute is affected by the shorter days and changing weather, too. (For example: Did you know wet leaves can be as slippery as ice?) Stay alert this fall. Here are the top things to look out...
Deciding between leasing and financing a car is a common dilemma for many prospective car owners. This decision carries significant financial implications and can also reflect personal lifestyle choices. Whether you prioritize having the latest model or prefer the long-term benefits of ownership, you want to weigh each option’s pros and cons. Moreover, your choice can affect your insurance premiums and coverage needs, making it...
School is officially in session. While kids are brushing up on their math and language arts skills, there are still lessons for the rest of us to learn, too—like: Is it ever OK to go around a stopped school bus? And how do I navigate the student drop-off and pickup lane? This time of year, it's important for drivers to slow down and watch out...
