The fun facts of insurance
Auto and home insurance, as well as other personal insurance policies, may seem like a necessary expense, but did you know they have a fascinating history and some little-known facts? In this blog post, we will share some fun and interesting information about auto and home insurance, as well as other personal insurance policies.
Auto insurance has been around for over 100 years. The first auto insurance policy was written in 1897 by the Travelers Insurance Company. The policy was for $5,000 in coverage, which would be equivalent to around $150,000 today.
Your credit score can affect your auto and home insurance rates. Many insurance companies use credit-based insurance scores to determine your premium. A good credit score can lead to lower rates.
Homeowners insurance has been around since the 1800s. The first homeowners insurance policy was written in 1853 by the Insurance Company of North America. The policy covered damage caused by fire.
Your home insurance policy may cover more than just your home. Many policies also provide coverage for other structures on your property, such as sheds and garages. They also provide coverage for personal property like jewelry, furniture, and appliances.
Life insurance policies have been around for centuries. The first life insurance policy was written in ancient Rome, and it was used to provide financial support for the family of a deceased breadwinner.
Not all personal insurance policies are created equal. Some policies have exclusions or limits on coverage, so it's important to read your policy carefully and understand what is and isn't covered.
In conclusion, auto and home insurance, as well as other personal insurance policies, have a rich history and some surprising facts. From the first auto insurance policy written in 1897 to the fact that your credit score can affect your insurance rates, there is a lot to learn about these types of insurance.