Well here’s an additional benefit for having savings – You cansave on your car insurance! You know about yourcar insurancedeductible?This is the amount you have to pay on an insurance claim before your insurance kicks in to pick up the repairs. Say you have a $500 deductible. You get ...
Concurrently, in liability lines, carriers still face the threat of social inflation. This is driven by more “nuclear verdicts” (jury awards that exceed $10 million) and elevated litigation levels. (In 2021, the third-party litigation market was estimated to be approximately $17 billion.) ...