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Insurance

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Protect what matters. Home. Auto. Renters. Pet. 

To most of us, insurance isn't very exciting. And we don't think about it much, or at least until it is too late or when we file a claim.

Insurance does more than protect you and your belongings, it is sometimes required based on a contract with a lender or required by law (as is often the case with auto insurance). 

But what types of insurance might you need?

  • Home insurance can protect your home and personal belongings if they are damaged or stolen. In some cases, it protects you against liability if someone is injured while on your property.

  • Renter's insurance helps to protect your belongings and may be required by your landlord.

  • Auto insurance provides coverage for bodily injury and property damage. 

    • Many states have legal minimums. New York State law, for example, "requires that motorists carry a minimum amount of liability insurance of $25,000 for bodily injury to one person, $50,000 for bodily injury to all persons, and $10,000 for property damage in any one accident. Mandatory "no-fault" coverage of $50,000 is also required" (source)

  • Pet insurance can cover certain expensive medical needs for your fluffy friends.

Getting insurance can be stressful, expensive, and time consuming.  And for that reason, we think that a good approach to finding insurance is using Young Alfred's platform, which is embedded below for your convenience.

Young Alfred uses AI to analyze "billions of data points for every customer to find the best priced insurance options available. We empower our clients with data so they have all the information needed to make an informed purchase decision" (Young Alfred). They have partnerships with over 40 insurance carriers, all who must meet minimum requirements of a rating of A- or better by AM Best or Demotech, which is part of why we like them.

Did you know?

"If you don’t carry mandatory car insurance, you could face penalties even if the accident wasn’t your fault" (NOLO)

"Contrary to popular belief, policies carried by landlords typically cover structural damage to the building and not your personal property.... Your renters policy will also cover theft of your belongings, whether they're stolen from your apartment or from anywhere else." (CBS)

"If your home hazard insurance is canceled, you may risk losing your mortgage" (ZACKS)

According to the Insurance Industry Institute, there are ​"5,965 insurance companies in the U.S." The top five largest Property and Casualty insurance are: State Farm Mutual Automobile Insurance, Berkshire Hathaway, Progressive Corporation, Liberty Mutual, and Allstate Corporation (source).

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