Bush Thompson Ins|

Saying “I do” Changes Everything

My daughter, Leslie, recently married a nice young man named Clifton. (I call him “Chester,” but that story is for another day!) I had the honor and thrill to walk Leslie down the aisle and when I did that I wore the same U.S. Army Dress Blue uniform that I wore 32 years ago when […]

Gap Coverage

One of the most memorable days for a vehicle owner is the day they acquire a brand new vehicle. Unfortunately, when a total loss to that vehicle happens it’s often not one of the greatest days, but a day filled with problems, namely a lack of funds to cover the loss. Many vehicle owners face […]

Leased Vehicles -Liability Limits Required

When someone leases a vehicle from a company such as Ford Motor Credit or GMAC, the leasing company (lessor) generally requires the person leasing the vehicle (lessee) to maintain higher limits of liability coverage. If certain limits of liability are maintained by the lessee then the leasing company is not considered to be the owner […]

Use of credit reports and credit scores by insurers.

(1) The purpose of this section is to regulate and limit the use of credit reports and credit scores by insurers for underwriting and rating purposes. This section applies only to personal lines motor vehicle insurance and personal lines residential insurance, which includes homeowners, mobile home owners’ dwelling, tenants, condominium unit owners, cooperative unit owners, […]

Helmet Law and Insurance Coverage

Helmet Law and Insurance Coverage The 2000 legislative session resulted in legislation passing which exempts certain motorcycle riders from wearing a helmet, effective July 1, 2000. With passage of the bill Florida becomes the 30th state to allow the operation of a motorcycle without a helmet. The actual statutory language states: 316.211 (b) Notwithstanding subsection […]

HOW ARE MY HOME RATES DETERMINED?

HOW ARE MY HOME RATES DETERMINED?

Ever wonder why you pay hundreds of dollars more for your home insurance than someone you know across town who owns a home you feel is very similar to yours?  Here are a few of the factors that make up the way premiums are influenced and why they vary so much from home to home…. […]

HOW ARE MY AUTO RATES DETERMINED?

HOW ARE MY AUTO RATES DETERMINED?

Ever wonder why you pay twice as much for your car insurance than your neighbor or  your brother?  You have an old car, he has a new one; so what’s the difference?  Here are a few of the factors that make up the way premiums are influenced and why they vary so much from person […]

COMMON AUTO INSURANCE TERMS

COMMON AUTO INSURANCE TERMS

ACTUAL CASH VALUE:  The amount paid for property damage losses, usually equal to the cost of replacing the damaged vehicle, minus depreciation for wear and tear. ANTI-THEFT DEVICE:  A device, either active or passive, that attempts to prevent vehicle theft.  A passive device is one that turns on automatically.  An active device is one that […]