February 12, 2015

If you file an insurance claim for property that's been destroyed, your insurer will value it in one of two ways:  Replacement Cost Value (RCV) or Actual Cash Value (ACV).  ACV is also known as "depreciated value" because it is based on the age and condition of the item at the time of the loss. 

Yes, items depreciate over time and with use. A new car has one value, a used car has another. But just how used matters.  As used car salesmen famously say: "It was...

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February 6, 2015

The people United Policyholders serves, is in close touch with and advocates for are the ones that fuel the insurance system by buying the products.  Their/our perspectives are what we know.  

Checking in on the other half of the system - the people who run insurance companies - is always eye-opening: To the other half - its rarely about "Are we delivering the financial safety net and peace of mind we've promised to provide?"  It's "what's our ROE (return on equity)?  Are we being selective enough in who we insure?  ...

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February 2, 2015

In case you missed Lindsay Lohan careening onto the curb just inches away from two dazed school boys to promote Allstate's Esurance brand, or Nationwide's more serious but controversial point about avoidable accidents - once again, insurance ads were front and center during yesterday's Superbowl.  Super expensive commercials during the annual most watched sporting event are now an embedded tradition, and everywhere...

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January 26, 2015

"Be it ever so humble, there's no place like a mobile home. But if you want to protect it, you need to have the right insurance." Dana Dratch • Bankrate.com.  We saw just how true this is at an emergency shelter for San Mateo, California residents who'd been flooded out by heavy rains in December 2014.  Many of the people...

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January 12, 2015

As they work to establish oversight of new transportation network companies, and set fair rules for licensure, insurance and competition with the taxi industry, regulators are classifying Uber, Lyft and other ride-sharing businesses as the "Sharing Economy."  

United Policyholders has been engaged in these oversight efforts in relation to insurance.  In advancing and protecting the interests of insurance consumers in connection with the Sharing Economy, we are focused on three types of consumers: Riders. Drivers. Business Owners.  All three types need insurance...

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