Mitigate Rental Property Coverage Gaps

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Homeowners can rent property to tenants regularly, and it’s crucial for them to take protective measures for their rental investments. Here are some recommendations and tips for those who continuously rent out residential property.

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Dog Bites Accounted for More than 1/3 of All Homeowner Liability Payouts Last Year

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In 2015, dog bites and related injuries comprised over a third of all liability claim payouts in homeowners insurance. Despite a 7.2 percent decrease in nationwide dog bite claims, the average cost per claim surged by 16 percent.

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Why You Need Uninsured Motorists Coverage

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When purchasing automobile insurance, being well-informed is essential for making intelligent decisions due to the various factors involved. One critical decision is whether to invest in uninsured motorists (UM) and underinsured motorists (UIM) coverage.

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Home Insurance Checklist…Getting the Best Value

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To ensure excellent home insurance coverage, prioritize value over price. Understanding the essential components of a comprehensive insurance plan for your home, valuables, and liability is crucial whether you’re a new homeowner or have owned your home for some time.

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House to Consider Legislation Regulating Transportation Network Companies for Ride-for-Hire

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The House of Representatives is set to deliberate on legislation proposed by the Financial Services Committee, aimed at regulating Transportation Network Companies (TNCs) such as Uber and Lyft. The proposed legislation establishes a new regulatory division, Ride For Hire, within the Department of Public Utilities, responsible for overseeing TNCs and their drivers, ensuring compliance with insurance requirements and background checks.

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Be Aware of Uber and Airbnb Insurance Gaps

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Earning from services like driving for Uber or renting out your home on Airbnb can be appealing, but standard personal auto and home insurance policies do not provide coverage for these activities, potentially leaving you exposed to significant gaps in coverage in the event of an accident. It’s essential to explore specialized insurance options tailored to these ventures to ensure adequate protection for your assets and liabilities.

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Managing Insurance Costs…Understanding Deductibles, Frequency and Severity

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Effectively managing insurance costs extends beyond coverage limits, options, and premiums; it includes evaluating the deductibles you’re comfortable paying out of pocket.

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Murphy’s Corner…Delivering Value For You

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If you haven’t heard it often, we want to express our sincere gratitude for your business. Choosing Murphy Insurance means entrusting us with safeguarding what matters most in your life, whether personal, business, or both, and we are committed to delivering excellent value consistently.

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Fending Off Home Burglars

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In America, a home burglary happens every 13 seconds, emphasizing the importance of taking preventive measures. Homeowners can significantly lower their risk of falling victim to this crime by implementing various security measures.

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