February 4, 2025
millerinsIs there such a thing as “full coverage” when it comes to insurance?
“Full coverage” in insurance is a commonly used term, but it can be a bit misleading because it doesn’t mean complete protection against all possible risks. What “full coverage” usually refers to in the context of car insurance is a combination of the following types of coverage: Liability Insurance (required in most states): Covers damages […]
January 28, 2025
millerinsWhy are insurance companies focused on trees overhanging your house?
Insurance companies are concerned about trees overhanging your house because of the potential risks they pose. If a tree is too close to your home, it could cause damage in various ways. For example: Falling branches or trees: During storms or high winds, large branches or even the entire tree could fall, damaging your roof, […]
October 4, 2023
millerinsFiling an auto insurance claim (and when you might not want to)
Your driving record is a key component that determines how much you pay for auto insurance. A single accident can really cost you, especially if there’s significant property and medical damage. Premiums can increase by almost 50% after an at-fault accident claim, according to an analysis by The Zebra, an insurance comparison website. As you might […]
July 5, 2023
AgencyHow Insurers Make Money
Insurance companies primarily make money in two ways: from investments and by generating an underwriting profit—that is, collecting premiums that exceed insured losses and related expenses. It all begins with underwriting. Insurers, whether life or nonlife, must assess the risk and gauge the likelihood of claims and the value of those claims. Insurance companies invest […]