Cyber and data breaches is on the rise. According to USA.gov child identity theft is one of the most vicious attacks. A child's personal information such name, date of birth, and social security number goes undetected for many years, or until the child reaches adulthood.
The Las Vegas economy is growing very rapidly. The cost of fuel is over $3.00 per gallon. Auto insurance rates has increased approximately 40%. What can you do manage the rising cost?
Nevada auto insurance rates is based on many factors, one factor is personal credit history. If your credit was poor 3 months ago and now your credit score has increased it is likely your auto insurance rates may decrease. Another factor is violation and accident reporting. The company Choice Point, also known as LexisNexis manages consumer data for many insurance companies. Information consist of driving record, court documents, accidents and violations. Consumers has the same right to dispute inaccurate information with LexisNexis as they do with Equifax, Transunion, and Experian.
Consumers has a right to review their report by calling Choice Point at 1-800-456-6432.
Car insurance in Nevada is increasing. Some drivers may not be affected by the new law, NV SB308 that requires drivers who maintain State minimum liability insurance coverage to increase there limits to $25,000 for bodily injury, $50,000 each accident and $20,000 for property damage. The average increase is approximately $100 to $300. If you are paying using a monthly installment plan the average increase is approximately $20 to $30 per month.
There are many discounts that you may be eligible for to help offset the increase in price. The discounts include things like safe driving, accident and claim free, defensive driving courses, length of prior insurance, home ownership, mobile home ownership, EFT payment option, payment in full, occupation, education, marital status, and the multi policy discount.
Other factors include items such as personal credit history, payment history with your current auto insurance carrier, loyalty rewards, and the location where you live.
When you get your auto insurance renewal speak with a independent insurance agent. An independent insurance agent can provide quotes of multiple companies and explain your auto insurance coverages.
Effective March 1, 2018 Nevada small business owners may expect a decrease in workers compensation rates. Actual workers compensation rates vary by business. Contributing factors include type of business operation, management, risk management programs and implementation.
Many customers own some forms of expensive items. Expensive items include electronics, jewelry, clothing, artwork. Many times these items are covered with under your personal property section of your home or renters insurance policy. However, filing a claim for one of these items on a home or renters insurance policy can be costly. These policies generally cover your personal property up to 50% of your total coverage. The amount may or may not be sufficient to replace your most expensive items.
There are a few things that is recommended, schedule the most expensive items on your home or renters insurance policy. Purchase a stand alone policy for things like your engagement ring, artwork, and any securities items. A stand alone policy would insure these items to the full appraisal value, minus any deductibles.
During your next annual insurance review discuss scheduled and non scheduled items on your home or renters insurance policy.
Insurance Group of Nevada Corp .