Archive | Industry News & Tips

Top Car Seats in 2018

Every time you buckle your child properly into their carseat, you are ensuring their safety. In 2016, 723 children died in car accidents. Of these, 15% were unrestrained. These stats show that there is no question: a car seat or booster seat is a must. And in case, you don’t believe us, it’s also the law.

Each year, safety recommendations change, and the age and height of your child must also be taken into account. Continue Reading →

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Insurance for Spring Break

Where are your kids heading for Spring Break? The older ones, in their teens and early twenties, may be taking off for a beach vacation to Miami or Cabo. A well-deserved break from school, fun with friends on the beach– what could go wrong? Unfortunately, a few things.

Even the most responsible of young adults might find themselves in a dangerous or tricky situation, when surrounded by large groups of young students, ocean activities, and alcohol. Spring Break travel insurance can provide important medical, airfare, and trip interruption coverage. Continue Reading →

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What is Inflating Your Car Insurance?

Just how do insurers determine your vehicle policy rate? To an extent it is based on a computer dictating via its algorithms who is a statistical risk and who is not. It also depends upon logical factors such as driving and ticketing history, car model, and how far you drive every year.  Surprisingly, that’s not all:

Factors including gender, neighborhood, relationship status, and credit scores can also bump up or lower your rate. Studies by the Consumer Federation of America (CFA) and experts from various agencies have shown that sometimes you pay more for factors out of your control. Continue Reading →

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Four Ways to Protect your Family Business Against Fraud

One of the best parts of being a family business (and we at BMR Insurance would know), is working alongside loved ones and building a legacy. It’s a rare find in the business world, not found in the corporate workplace. What we’re beginning to realize is that despite these levels of trust, that trust can be, and often is, shattered. But what if love for the family members one gets to work alongside day in and day out becomes a destructive force of its own? Continue Reading →

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The Six Foundations of Insurance

Insurance agencies run off a number of foundational principles. Familiarity with these principles will help you understand the ins and outs of insurance, and how we best do our job. These six foundational principles reduce the risk for both insurance companies, like us, and their clients. Continue Reading →

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What to Do If Your Wallet Is Stolen

You reach in your back pocket for your wallet– and it’s gone. With a sinking feeling, the first thing you might want to do is run from place to place in a panic. But if you take the following steps, you’ll save yourself, your bank account, and your identity a lot of trouble. Continue Reading →

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Reassess Your Finances in the New Year

It’s January 2018, and the perfect time to hit the ‘reset’ button on your personal and family finances. This means setting budgets, finding places to slim down your spending, and knowing where exactly you are focusing your saving. Already on top of your money management? Great! But, as situations constantly change it doesn’t hurt to reassess where you are with your finances. Here are 8 tips (for each year of the decade) to help you enter the New Year on top of your finance game! Continue Reading →

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Protect Your Information While Holiday Shopping Online

It looks like Santa’s workshop has moved from the North Pole to a new digital space this holiday season, as a record-setting 85% of U.S. consumers have reported they will be doing their shopping online this season. The elves at Amazon and other online markets will be hard at work getting packages sent to households on time in 2017.

If you decide to join the masses in online holiday shopping, protect your information from digital thieves looking to access your identity and credit card number. Nothing will dampen the holiday spirit like identity theft– the 300,000 victims of online-theft in 2016 can attest to that. The safe practices outlined below will help secure your online shopping. Continue Reading →

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