Beware the “Burning” Insurance Policy

Many people don’t know that there are so-called “burning” insurance policies or “burning limits” or “defense within limits” policies.  What this means is that the cost of defense (including hourly fees for attorneys to defend the lawsuit, expert consultants and witnesses, and all other costs of defending a claim) reduce the total limit of coverage.…

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Uninsured Motorists: A Major Problem Across the U.S.

Uninsured motorists are a major problem across the U.S. according to many recent studies including one conducted by the Insurance Research Council.  The most recent report, entitled, “Uninsured Motorists, 2014 Edition”, concluded, based upon their research, that the problem of drivers operating motor vehicles without insurance has grown steadily worse in the last several years.…

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Duty of Insurance Companies to Settle Legitimate Claims

In just about every U.S. jurisdiction, including California, insurance carriers have a duty to settle legitimate claims for the policy limits or face potential legal exposure if the person bringing the claim obtains a verdict or award in an amount higher than the coverage limits.  For example, California Insurance Code 790(h)(5) requires insurers “in good…

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Importance of Buying Gap Insurance Coverage

As we all know, the minute you drive a new car off the lot, it begins to depreciate and continues to decline in value as more miles are put on the vehicle.  In fact, it is estimated that a new car can lose up to 10 percent of its value as the tires hit the…

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Insurance for motorcycles

Motorcycle Insurance: Types of Coverage Explained

The spring and summer months bring out the motorcycle enthusiasts “in earnest”. Riding a bike on the open road can be one of the most exhilarating experiences one can enjoy. As with any other type of activity, though, motorcycle riding is not without risk. In fact, according to statistics from the National Highway Traffic Safety…

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