Whether you’re a road warrior seeking adventure or you’re just looking for a way to get around town, there’s nothing quite like driving a motorcycle.

As you would with a car, you’ll need insurance if you want to protect yourself, your passengers, and your investment. And just as you’d shop around for auto insurance quotes, you’ll want to find the best insurance for your bike. Here’s the ultimate guide to understanding motorcycle insurance.

Motorcycle Insurance Requirements

Most states require motorcycle owners to buy liability insurance. Liability coverage, which is almost always required, pays out for others’ injuries or damages if you cause an accident. The lowest amount of liability insurance you must buy for your motorcycle is the same as your state’s car insurance minimum requirements. Florida also requires you to carry a minimum of $10,000 in medical benefits, which can come from your health insurance.

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More than two-thirds of insurers credit predictive analytics with reducing issues and underwriting expenses, and 60% say the data has helped increase sales and profitability.

That figure is expected to grow significantly over the next year, as the inherent value of predictive analytics in insurance is showing itself in a myriad of applications.

Predictive analytics tools can now collect data from a variety of sources – both internal and external – to better understand and predict the behavior of the insured. Property and casualty insurance companies are collecting data from telematics, agent interactions, customer interactions, smart homes, and even social media to better understand and manage their relationships, claims, and underwriting.

Another closely-related tool is predictive modeling in insurance, such as using “what-if” modeling, which allows insurers to prepare the underwriting workload, produce data for filings, and evaluate the impact of change on an insurer’s book of business. The right predictive modeling in insurance software can help define and deliver rate changes and new products more efficiently.

Using the plethora of data now available, here are 10 ways predictive analytics in P&C insurance will change the game in 2020.

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We’re experts at knowing how to motivate ourselves. Today we’ll do 20 different things and by the end of the month, we’ll nail all those, plus one million more – sounds like a plan, right?

Truth is, it’s much easier to set goals than to actually get them done. It all comes down to motivation, and let’s be honest – we all sometimes have trouble keeping the fire lit. It’s much easier to sit back and think about all the things we’re going to do…eventually. Overcoming the emotional hurdle to get stuff done when you’d rather sit on the couch isn’t always easy.

For those of you who never procrastinate, distract yourself or drag your feet when you should be doing something important, well done! But for the rest of you (myself included), it’s good to have a library of motivational boosters to fall back on when needed.

Despite your best efforts, passion, and habits, a flow-producing environment can be hard to reach. In that case, it’s time to find whatever works to get you started. Whether you’re starting a business, trying to lose weight, or breaking a bad habit, you’ll learn how to motivate yourself with these 15 simple techniques from lifehack:

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Momentum Insurance is your one-stop for all of your insurance needs, from cars to homeowners, business and health, we’ve got your back. But what about those policies you don’t hear about every day? From celebrities to the just plain bizarre, here are 5 totally weird insurance policies.

Alien Abduction Insurance

Do you believe in aliens? For those who do, there are insurance companies out there that offer coverage in the event that “the truth is out there.” A few companies offer alien abduction insurance, with typical policies costing around $150 per $1.5 million in coverage. In fact, a London based firm has sold more than 30,000 alien abduction insurance policies throughout Europe. Of course, you’ll need to provide proof of the occurrence to file a claim. If you’re a believer, a little green could save you from the little green men.

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Homeowners insurance (also known as home insurance) isn’t a luxury; it’s a necessity. And not just because it protects your home and possessions against damage and theft. Virtually all mortgage companies require borrowers to have insurance coverage for the full or fair value of a property (usually the purchase price) and won’t make a loan or finance a residential real estate transaction without proof of it.

You don’t even have to own your home to need insurance; many landlords require their tenants to maintain renter’s insurance coverage. But whether it’s required or not, it’s smart to have this kind of protection. We’ll walk you through the basics of homeowner’s insurance policies.

Key Takeaways

  • Homeowners insurance policies generally cover destruction and damage to a residence’s interior and exterior, the loss or theft of possessions, and personal liability for harm to others.
  • Three basic levels of coverage exist: actual cash value, replacement cost, and extended replacement cost/value.
  • Policy rates are largely determined by the insurer’s risk that you’ll file a claim; they assess this risk based on past claim history associated with the home, the neighborhood, and the home’s condition.
  • In shopping for a policy, get quotes from multiple carriers, usually through an agency that is an independent broker working with multiple companies.

What a Homeowner’s Policy Provides

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Typically, here at Momentum Insurance and Financial Services, we like to highlight a new technology every Tuesday (Momentum Tech Tuesday) that is influencing the insurance industry or related sectors. We’ve covered everything from augmented reality to machine learning, digital presence, tech solutions for mortgage brokers, and more. But this week we wanted to diverge a little and look into some technology in a different industry – sports. And since the writer of this article just played golf for the first time in over 6 years, and played it not very well – anyone who’s played golf probably knows the feeling of not performing well, and knows the slight obsession that can be the result of said bad round (maybe slight is an understatement) – we decided to look into the game of golf and a few of the apps that are available, including the links to download the apps if interested.

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This page contains a list of most of our carriers’ claims office numbers. Please look at your policy and determine which carrier your policy is with and select the appropriate number. Jot down your policy number and be prepared to provide it to the claims representative.

We have also included a link for each carrier’s claims webpage so that you can file your claim online if you desire. Just click the carrier’s name and you will be directed to their online claims portal.

You also have the option of filling out our website’s contact form. Once complete and submitted, an electronic notification is sent to our office and we will help you file your claim.

And of course, feel free to call our office at 281-364-9966 if you need assistance in filing your claim – we will be happy to help you.

One important note – we suggest you take a quick look at your policy deductible before filing a claim. If your claim amount won’t meet or barely meets your deductible – it is generally best to not file it. Again, if you need some guidance with that, please call our office.

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As with health insurance and car insurance, small business insurance is hopefully something you never have to use. But when something unexpected happens, having business insurance can be the difference between your business’s continued success or failure.

Unfortunately, a lot of businesses aren’t covered. According to the SBA, 44% of small business owners have never purchased business insurance, even after operating for at least one year. By purchasing the right types of business insurance, you can protect your company’s assets against damage and legal claims.

Many small business owners give up on purchasing business insurance because of how confusing the process can be. Every business will need a slightly different insurance package depending on the size of the company, the location, and the industry – and the choices can be overwhelming, especially if you’ve just started your business.

In this guide, we’re going to give you the inside track on small business insurance, as we see it from over 30 years of experience – we’ll break down the different types of business insurance, how much they cost, and the purchasing process to find the best small business insurance coverage for you.

What is business insurance?

As an individual, you’ve likely dealt with insurance policies before – car insurance, renters insurance, health insurance, and more. Each of these different types of insurance, of course, helps protect you in the case of the unexpected, if you get in a car accident, of your apartment floods, etc.

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Applying for a mortgage can be a grueling experience. Even though the industry is investing in better technology to improve the process, many borrowers still relate the experience to a financial investigation. Financial institutions feel the growing demand for better user experiences as new borrowers prove they’re willing to go anywhere to get it – even if it means making one of the biggest purchases of their life through an unknown fintech company.

It’s not shocking news that digital natives have a digital presence so deeply intertwined with their daily lives that they’ve grown accustomed to an on-demand lifestyle. Despite the common misconception that Millenials (loosely defined as individuals born between 1980-1996) aren’t buying homes, they’ve in fact surpassed Generation X (1965-1980) as having the largest share of loan originations by dollar volume.

Millennials overwhelmingly prefer online lending and have far higher expectations when it comes to customer experience than previous generations. Large banks have lost over 50% of their market share in the last 7 years, while online lenders have grown by 100%.

For Millennials, online lenders offer a quicker, more streamlined, easy-to-use experience. To gain digital natives as customers, mortgage lenders must deliver:

  • Highly personal, premium customer attention
  • Fast communication and processes
  • Streamlined, trustworthy technology
  • Easy-to-use interfaces and apps

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Insurance can be a complicated purchase. You’re not buying bread or milk. You’re buying a promise of protection that could potentially make or break your financial well-being. How do you know that you’re making the right choices about coverage? Are you sure you’re getting the best possible value for your dollar? The options can seem bewildering, and here’s the thing – where you buy it determines your future with that policy. You buy a house, you get a homeowner’s policy. You obviously want one at the best price, with the right coverages, and a great agent who is always there when you need help. What some people don’t realize is that their entire experience is going to be determined by the type of insurance agent they purchase their policy through – a direct agent or an independent agent. Direct agents, otherwise known as captive agents, are the everyday guys with the little gecko and the catchy jingle. An independent agent is an agent who partners with many insurance carriers (including the little gecko company) and offers coverages customized for you at the best price available. Independent agents are advisors, not salesmen. Here are 7 reasons why we believe you should choose an independent insurance agent:

They give you a choice

Independent agents represent many different insurance companies that offer a wide variety of coverage options and price points. Most on average sell for five to eight different insurance companies (just so you know, we partner with over 60, including every big-name carrier you’ve ever heard of). There’s no need for you to accept one quote from one company, and there’s no need for you to spend time filling out many different online applications to get your own quote comparisons. With their connections and their knowledge of the market, independent agents can often find a better value for your insurance dollar than you might find searching on your own. Agents do the shopping. You do the saving. They find you the right blend of price, coverage, and service.

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