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  Insurance executives and regulators blame rising repair costs and an increase in disaster-related claims By Eli Tan and Aaron Gregg September 5, 2023 at 7:00 a.m. EDT CORRECTION A map in an earlier version of this article incorrectly stated that it showed the change in average car insurance premiums from 2022 to 2023. It showed the change from 2013 to 2023. The article also incorrectly stated that Colorado’s car insurance premiums have increased 52 percent since 2022. The increase is since 2013. The article has been corrected. Car insurance is a growing burden for Kalisa Hobbs. Hobbs, who lives near the northern shore of Louisiana’s Lake Pontchartrain, said the cost of her auto coverage jumped almost 30 percent this year when State Farm added hundreds of dollars to her annual premium, raising it to $1,806. “I’m not going to go hungry or homeless, but like everybody else I live on a budget, and when that budget gets interrupted, it’s difficult,” said Hobbs, 56, who works as a com...

Undoubtedly, bikes or any other kind of two-wheelers are the most affordable choice for Indian commuters, but it also comes with its own set of risks as they are highly prone to road accidents With the increase of two-wheelers on the road and the soaring chances of accidents, it has become extremely crucial to have good bike insurance which not only helps you in overcoming any financial loss resulting from bike accidental damage but also protects the other person who has been hurt in any way with an involvement of your bike.  Here’s a detailed and comprehensive guide on bike insurance, kinds of bike insurance policies, its features and benefits, which one you should consider as per your needs and requirements and much more What Is Bike Insurance? Bike insurance is a contract between the bike owner and the insurance company, where the latter covers any damage caused to the bike due to an accident, theft, or collision. The bike insurance plays a pivotal role in safeguarding financia...

Whether it’s a vacation of a lifetime or a cross-country trip for a cousin’s wedding, you may be wondering when or if it’s worthwhile to buy travel insurance. Probably the best answer is that it depends on what you can afford to lose. By understanding what travel insurance is and what it covers, you’ll be able to make the best decision on whether to buy it What is travel insurance Travel insurance is coverage designed to protect against risks and financial losses that could happen while traveling. The risks range from minor inconveniences such as missed airline connections and delayed luggage all the way to more serious issues including injuries or major illness. What does travel insurance cover? Depending on the coverage you choose, travel insurance can cover a broad array of possible damages and losses: Injury or sickness Travel insurance can help protect you from medical expenses abroad that your normal health insurance doesn’t cover. Most health insurance plans don’t provide full ...

What is Student Accident Insurance and Does Our School Need it? We know how much you care about the students you have dedicated your career to serving. After all, you’re by their sides during some of their most pivotal learning and growth moments. But with the learning and growth process comes plenty of accidents, some more harmful than others. For the accidents causing physical injury, that’s where we come in. At Berry Insurance, we’ve helped several clients get the protection they need with student accident insurance. We care about educational institutions and their students (some of them are our children, after all) so we want to make sure you’re fully covered from any unforeseen accidents. We’ll tell you all about student accident insurance and why it’s important below. What is student accident insurance Student accident insurance is generally purchased by institutions with students, such as schools and covers students (and their parents) from costs associated with becoming injured...