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Utica, Liberty Mutual and CITA - E&O Policies through the PIA

Posted By Staff writer, Tuesday, April 23, 2019

Aren't you at least a little bit curious as to how

much PIA can save you on an E&O policy?

 

E&O insurance PIA West insurance PIA insurance E&O policy

 

E&O insurance with PIA Western Alliance - Utica, Liberty Mutual, CITA

 

Before you start shopping for an E&O policy,

talk to us about our E&O policies.

 

Tags:  CITA  E&O  Liberty Mutual  PIA Insurance  Utica 

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Have you seen what Liberty Mutual has to offer independent agents, lately?

Posted By Staff writer, Tuesday, April 9, 2019
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Millennials and Basic Insurance

Posted By Joey Leffel, Monday, November 19, 2018
Updated: Monday, November 19, 2018

 

Liberty Mutual took a hard look at millennials and how they approach insurance. The conclusion is that millennials — more than the other generations — work hard to protect their technology and their pets but overlook basic insurance needs.

The insurer found they are the largest generation of renters ever. A whopping 43% rent but just 42% have renters insurance. In fact, over a quarter of the millennials surveyed said they are looking for ways to cut the cost of their auto, home and renters insurance.

Liberty Mutual’s Emily Fink believes that’s because of a lack of insurance knowledge and that lack of knowledge is — as you know — exposing them to potential loss or damages.

  33% say it never occurred to them to get renters insurance

  31% think getting insurance is too complicated

“The unexpected is inevitable, and it’s important for all generations to understand the importance and value of having good insurance coverage customized to individual needs,” she said.

Here’s what Fink — and Liberty Mutual — find ironic.

  29% say they have special insurance to cover their technology

  Of those having that special insurance, 51% don’t have renters insurance

Fink’s conclusion? Smart phones and computers are considered more important than other belongings. There’s more.

  Many millennials say they’re trying to save money

  However, the value of their personal property is quite high

  Take jewelry for example — it averages more than $2,000 in value

  Yet only 22% of millennials think it is “extremely” important to have insurance to cover that $2,000

  Just 20% have opted to insure those valuable items

Pets

on the other hand — are very important. Millennials are the mostly likely generation to purchase or adopt a dog or cat. The survey says a high percentage will — if they don’t have one now — buy or adopt a pet in the next year. All are willing to make financial tradeoffs to take care of a pet’s wellbeing. That’s the highest of any generation — ever.

  57% own a pet now

  31% of millennials have pet insurance

  Just 8% of baby boomers have pet insurance

  Just 15% of Generation X have pet insurance

When it comes to their health compared to their pet’s?

  37% are likely to skip their own medical treatments to cover their pet’s needs

  28% of generation X will do that

  Just 21% of baby boomers will do the same

 

Source link: Media Post

Tags:  insurance content  insurance news  liberty mutual  Millenials  Millenials and insurance  pet insurance 

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