Allstate Insurance to Drop Non-Bundled Homeowners Insurance Policies in North Carolina

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by Danielle Bailey November 23, 2011 in Insurance News

Thousands of North Carolina residents who carry homeowners insurance through Allstate Insurance are being dropped by the company for refusing to bundle their homeowners insurance policy with auto coverage, according to various media reports. Homeowners who don’t agree to purchase the additional auto insurance coverage will not be allowed to renew their policies.

Bundled Homeowners Insurance Required by Dec. 15

Allstate, a property and casualty insurance company, recently informed 45,000 homeowners that they will not renew policies which are not combined with an Allstate commercial or private auto insurance policy by Dec. 15

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Can you make a ‘secret’ car insurance claim?

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by Danielle Bailey November 17, 2011 in Insurance News

Have you ever gotten into a car accident and dreaded the thought of having to tell someone -such as your spouse or your parents?

Consider the wife who inadvertently backs into her husband’s car. Can she file an auto insurance claim without him knowing?

Or what about the teenager who dents the family vehicle? Can he make a claim without Dad finding out?

Frankly, we’ve all made mistakes and done things we wish we could hide. So we wondered if car accidents–or more precisely, car accident claims–were among activities that could stay hidden.

For those of you in a rush to hop in your car and get somewhere, here’s a spoiler alert: Don’t even try to file a “secret” car insurance claim, because chances are you’ll wind up getting busted.

Insurance companies don’t take a vow of secrecy

To find out just how “secret” claims can be, we turned to a couple of specialists who are members of the Insurance Expert Network.

John “Jack” Murphy Jr.

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Will Travel Insurance pay if my kid’s school break is cancelled?

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by Danielle Bailey November 12, 2011 in Insurance News

As we head into the winter season, some because of snow days. When school is canceled due to severe weather, that time has to be made up somehow, and schools typically make up those days by extending the school year through breaks.

  • cancel or reschedule your trip (if you can)
  • take the kids out of school and go anyway

Depending on your students position in school and what events are planned for those extension days, taking them out may not be an option (especially if they are graduating soon).

Take a look at our explanation of schedule conflict coverage, which is a covered reason (in some plans) for trip cancellation. Thats the travel insurance protection that reimburses you for your pre-paid trip costs in the event you have to cancel for a covered reason.

On that page, we describe the types of schedule conflicts that are sometimes covered by travel insurance companies.

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The Khula Enablis Loan Fund

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by Danielle Bailey October 31, 2011 in Insurance News

Enablis Entrepreneurial Network have been re-naming their company become the Khula Enablis Loan Fund. It is reflective of the support that the company has committed to supporting South African entrepreneurs. Since entry into South Africa in 2004, Khula Enterprise has been Enablis funding partner. Khula has been an investor in Khula Enablis SME Acceleration Fund and the Khula Enablis Loan Fund during this time. It was committing a total of R60 million in financing opportunities to the entrepreneurs.

To date the loan fund has guaranteed loans to 62 entrepreneurs, of which11 are female entrepreneurs, and 42 are black entrepreneurs. This continued support demonstrates the enterprises commitment to its capability to address unemployment and the SME market.

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