Online PR News – 14-October-2011 –The recent announcement that Progressive’s September profits have posted a 6 percent year-to-year decline and that its third-quarter profits have shown a whopping 42 percent year-to-year decline is just one more example of how this year’s spate of natural disasters have hit property/casualty insurers hard, according to Online Auto Insurance (OAI).
This year has been extremely costly for coverage providers, with industry experts saying companies have paid out nearly $25 billion in damage claims filed by everyone from homeowners in the Midwest to New Jersey auto insurance policyholders.
While losing an insured home or vehicle to a catastrophic weather event can be traumatic, it beats suffering that loss and not being reimbursed for it.
OAI advises consumers who are ready to renew their auto coverage or are shopping around for the best deal to make sure they consider choosing a policy that protects them against damages inflicted by natural disasters, which federal officials say have caused more than $45 billion in economic costs so far this year.
Source: http://www.ncdc.noaa.gov/oa/reports/billionz.html
Most homeowner policies insure against losses from a fire, and federal programs exist to financially protect homes against flooding damage. But only comprehensive auto coverage offers vehicle owners the same level of protection against nature’s wrath.
Comprehensive is not required by law in any state except as part of a loan agreement, and it will likely cost a little more than a bare-bones liability policy, but it is the only way to adequately insure a car or truck against weather-related damage.
In addition to fires and flooding, comprehensive also covers vehicle owners for damage as a result of earthquakes, hail and windstorms, as well as vandalism, riots and damage done by deer and other animals.
shopping site owned and operated by HomeInsurance.com LLC. The company provides comparative rate quotes on homeowners and auto insurance with the leading US providers including Travelers, Safeco, The Hartford, ASI/Ark Royal, Foremost and Progressive.
This year has been extremely costly for coverage providers, with industry experts saying companies have paid out nearly $25 billion in damage claims filed by everyone from homeowners in the Midwest to New Jersey auto insurance policyholders.
We also offer personal lines, homeowner's, auto, and business insurance. We also offer professional liability insurance and flood insurance. We're an independent agency and we handle a variety of carriers, including Cumberland Insurance, Progressive,
Progressive Insurance began as a small insurance provider, but is now one of the largest auto insurance companies, with a variety of products including pet insurance, life insurance, homeowners insurances, auto insurance and many other coverage
Moreover, these housing deductions are more progressive than the set of other itemized deductions. Another misleading claim is that few homeowners benefit from the MID because itemization is required. Opponents of the mortgage interest deduction note,
Customers have benefited from Progressive auto insurance products since 1937. Progressive Insurance began as a small insurance company, but is now one of the biggest auto insurance companies , with a range of products including pet insurance, life insurance, homeowners insurances, auto insurance and many other insurance coverage packages. From these humble beginnings, Progressive has expanded and now has over 450 offices and employs 25,000 people.
Benefits of Progressive Insurance
With Progressive, you’re dealing with an award-winning, reliable and innovative insurance company that provides insurance coverage to fit a broad selection of driver needs and spending budgets. As a customer, there are many discounts and flexible policies to choose from.
Safer motorists are rewarded also, by obtaining cheaper insurance coverage. Progressive make it very easy to acquire insurance coverage quotations and cope with claims via their website, call centers and brokers.
Types of auto insurance from Progressive
Progressive offer you different high-quality insurance products as well as expert consultancy, to suit various driver requirements. Coverage offered includes the following:
- Liability insurance coverage including property damage and bodily injury - Insurance for pets injured in a car collision
Insurance discount rates through Progressive
Drivers can easily obtain a extensive array of discount rates through Progressive Auto Insurance . Having to pay less in order to insure more than just one vehicle, vehicle accident forgiveness and homeowners discount rates are several of the discount rates consumers get. Drivers get a discount of $50, whenever they sign their own insurance coverage documents on the internet. You may furthermore get a reduced price, when you pay for your insurance policy up-front. Significant discount rates for great drivers of up to 30%, are available via Snapshot Discounts coming from Progressive.