The Auto Insurance Exchange also known as the Auto Club or Triple A has a dirty little secret. While most insurance companies charge a flat service fee for each bill that is sent ($2.00, $5.00, $10.00, etc.) in their installment billing plans, Triple A charges a percent interest rate like a credit card (approx 18-22%).…
Your Loss of Use coverage may not be what it is cracked up to be. Loss of Use coverage is typically 20% or 30% of the amount of coverage that you have on your dwelling. So, if your house is insured for $100,000.00, your Loss of Use coverage would be $20,000.00 (20%) or $30,000.00 (30%).…
When should a lender order Evidence of Insurance? Never. In the state of California home purchases and refinances are managed by an escrow company. The escrow company serves as the conductor and manages all of the legal aspects of the purchase or refinance; title, vesting, loss payable , etc. It is the Escrow Company’s responsibility…