auto insurance norwell MA gordon atlantic insurance homeowners insurance norwell MA gordon atlantic life insurance norwell MA gordon atlantic boat insurance norwell ma gordon atlantic business insurance norwell ma gordon atlantic
             Auto Insurance          Home Insurance           Life Insurance           Boat Insurance      Business Insurance

    Personal Insurance Blog

    Risk Management: When Intuition Fails Us

    Posted by Gordon Atlantic Insurance

    Sat, Feb 11, 2017 @ 11:37 AM

    Appreciate your brains decisions on risk management and auto life commercial and personal from Gordon InsurancePeople often fail to appreciate what amazing machines our brains are. How many times have you wished you could do math like a calculator in your head (especially when figuring out a 22% tip on a $321.56 lunch bill split between 13 people)? Well, we shouldn’t be so quick to condemn our brains.

    It’s safe to assume you’re reading this post right now. Your brain is translating the thousands symbols you see into sounds; sounds into words, words into sentences. It’s drawing upon thousands and thousands of memorized meanings to get what I’m trying to say into your head.

    Further, you’re probably reading in a chair right now; so on top of decoding this post, your brain is also performing countless calculations to balance your hundreds of muscles so that you don’t fall to the floor as you read… God help you if you’re standing. Oh, and not to mention that your brain is also controlling the millions of cells and enzymes that regulate your breathing, feeling, and digestion …all this without you even realizing it. The amount of electrical activity in your brain would easily short-circuit your pocket calculator, and your brain can maintain that activity for about 80 years.

    So we have remarkable machines within our skulls, which usually do a pretty good job of assessing danger; we know not to shower with radios, etc. But sometimes, our brains are so active that they make mistakes and our intuition fails us. This happens commonly with risk.

    If you haven’t read our post about the math behind insurance, I suggest you read it quickly, because the probability functions behind the simple games in that post are very similar to what your brain does automatically. For every risk you take, your millions of neurons perform a cost-benefit assessment.

    Let’s say that it’s a nice day. You know that you’ll enjoy yourself outside and you also know that there’s a very small probability that you’ll get hit by a meteorite. However, your brain quickly calculate that the rewards are much greater than the risks, and you go sunbathing. Normally, this process is very effective, but our emotions sometimes distort this process and mislead our intuition.

    Think about how many times you’ve seen people drive to the beach and then refuse to swim because they’re ‘really afraid of sharks.’ This is a classic misrepresentation of risk. The chance of getting into a car crash on the way to the beach is thousands of times higher than the chance of being attacked by a shark, but it’s the shark attack that people are scared of.

    This is what psychologists would call a misrepresentative heuristic: the process that we use to calculate chances is distorted by our thoughts. Even though we have a better chance of winning the lottery than being munched on by JAWS, the fear that accompanies a shark attack leads us to assign an artificially high concern level for an event with a very low probability.

    This is also the case when talking about poisonous spiders, lightning strikes, and other things that go bump in the night. Our impulses are good things to keep in mind when fear prevents us from having fun or enjoying life.

    INSURANCE QUESTION?
    Corbin Foucart

    Tags: psychology, risk, management, insurance, intuition, shark attack, math

    Some of the Best Insurance

    Posted by Gordon Atlantic Staff

    Mon, Mar 04, 2013 @ 10:09 AM

    Insure yourself with safety tips from Andrew Gordon Inc InsuranceSome of the best insurance is policy-free.

    A lot of the time, insurance is about the money. Yes, yes, we understand. We pay bills too; we know what it's like to deal with insurance. Car insurance, home insurance, life insurance- it just seems to add up WAY too quickly for comfort. There are other ways to be comfortable too.

    What am I talking about now?

    I'm talking about things like seatbelts and helmets. These things are available to you, and definitely worth it. Have you ever bought a car without a seat belt? (The answer should hopefully be "no"). The seatbelt is there for you. What if you ever got into an accident? What if another driver's car simply SMASHES yours? That tiny little belt, strapped across your waist and over your shoulder, could be the very thing that saves your life. There could never be a price put on that.

    Helmets are the same way. For a one-time fee to buy the helmet, you get super extra head protection. Falling off a bike, skiing into a tree- there are just so many FUN things that can be so RISKY. So why not just wear the helmet? Again, what's the value of the helmet versus the value of your brain, or even, your life? That thirty dollar helmet doesn't seem so expensive now.

    These items that are made available for safety are truly only there to: KEEP. YOU. SAFE.

    If you look closely, you can see that there is insurance underlying everything. Insurance ensures minimal loss. Insure your children from drowning by taking them to swim lessons, ensure your feet from the cold by purchasing and wearing warm wool socks, ensure your knees and elbows with pads when you first learn how to rollerskate. The ways to insure yourself from loss never seem to end. And what is insurance, after all?

    We remind ourselves that insurance is protection against loss, a guarantee of safety and security. We do these things everyday, whether unconsciously or consciously. That's why we do things like taking swimming lessons- to reduce our risk of having fun with something enjoyable.

    It only makes sense, right? We want to enjoy our lives with the least possible amount of risk involved. As a result, we do things that prevent injury and other forms of pain- such as financial pain. Sometimes the financial pain clouds our vision. Sometimes other things, such as being lazy, also cloud our vision. It takes not even a second to buckle a seatbelt, so why not do it? Why not buy the helmet and prevent the brain damage?

    Take advantage of some of these risk reducers from the get-go. You'll never know when disaster will strike, and being prepared sooner rather than later is best because sometimes, later is too late.

    If you have any questions on reducing your risk, or about insurance in general, feel free to contact us by clicking the button below. Learn more about personal insurance here.

    Contact Us

    Tags: risk, management, insurance, seatbelts, helmets, policy free insurance, reducing risk, cheap, protection

    Hydroplaning- When the Weather Gets Rough

    Posted by Gordon Atlantic Staff

    Tue, Nov 13, 2012 @ 05:28 PM

    Stay safe while driving in storms and avoid hydroplaning with auto from andrew gordon inc insurance norwell maMassachusetts is one of many places subject to a very specific weather phenomenon. During this certain type of weather, the sun often hides behind clouds, strong winds blow, and the air might become a tad bit chillier. Most incredibly, water falls from the sky in sheets!

    This, my friends, is called rain.

    When rains fall from the sky, it hits everything. It hits you, your umbrella, your car… and the road.

    More often than not, rain won’t be enough to prevent you from going about your daily routine. You drive here, do this, drive there, do that, drive home, and then remember you need to drive somewhere else. So hey, what’s a little water going to do to your overall driving experience?

    You may be surprised that water can do a lot, and the streets don’t even have to be flooded. The thinnest layer of water on the road can cause your vehicle to hydroplane.

    Hydroplaning is what happens when a layer of water separates your vehicle’s tires from the road. While the depth of the water does influence whether your vehicle will hydroplane or not, there are many other factors to consider.

    Drive safely in rain or storms with auto from andrew gordon inc insurance norwell maFirst of all, your tires. Tires with low traction are not going to be able to drive through water as easily as tires with higher traction. Traction is determined by the treads in the tires as well as the width of the tires. Keep in mind that worn tires are going to have less tread depth due to greater use on the road. Also, the inflation of the tires and the air pressure will affect the vehicle’s likelihood to hydroplane as well. If you have a tire that is not fully inflated, it is more likely to hydroplane even at lower speeds.

    The speed at which you are driving will also affect your probability of hydroplaning. The unwritten rule is to drive about 2/3 of the posted speed limit sign. For example, if the speed limit is 45 mph, it is recommended that you drive at 30 mph during hazardous weather conditions, such as a heavy rainstorm.

    Fun fact: In Massachusetts, you can get a ticket for driving 40 mph on the highway if the limit is 50 mph if you are driving during a heavy rainstorm. Don’t believe me? It says so at the bottom of page 80 in the Driver’s Manual (link can be found here).

    To prevent hydroplaning, you should mostly use common sense. Drive slowly, especially in flooded areas. If cars in front of you create large splashes as they drive ahead, be extra cautious around those areas with greater volumes of water.

    However, even with all the precautions that can be taken- cars WILL hydroplane under specific conditions.

    So, what do you do if your car happens to hydroplane?

    KEEP YOUR FEET OFF THE BRAKES. Braking can cause skids. Same goes with turning, DO NOT MAKE ANY SUDDEN TURNS. You want your car to continue on its destined trajectory; don’t try to mess it up.

    Hydroplaning is serious. When your car hydroplanes, you have no control. You can’t stop, you can’t go- you literally just go wherever the car takes you… that place could be into another car, into a ditch, into a building… you get the picture.

    Risk management is our business, and we believe that prevention is the best solution. In case you hydroplane, remember: DO NOT PANIC. If you have any other questions, do not hesitate to contact us. Learn more about auto insurance here.

      Driving with Insurance in Mind eBook

    Tags: auto, risk, management, insurance, accident, prevention, driving, storm, hydroplaning, rain, weather

    Bike Safety

    Posted by Nate Gordon

    Sat, Nov 10, 2012 @ 11:16 AM

    It’s important to remain safe when you are out on the streets, regardless of how you travel.  Cycling is a great way to let off steam and get around more cleanly than driving a car.  Unfortunately, having to share the road is a simple reality that drivers, pedestrians, and especially cyclists have to get used to. These are some of the key elements you have to keep in mind when you are out on a bike if you want make it home safe.

    Bike safely with a helmet tips and personal from andrew gordon inc insurance norwell ma

    1. Wear a Helmet

    This one seems obvious, but there are plenty of people who forgo the helmet every time they go out. It’s the sort of thing people like to write off as being for small children, and while they have an especially high incident rate, I really can’t stress enough just how important it is for people of all ages out on the road to wear a helmet. There are constant opportunities for a crash, and the difference between an unpleasant jostling and a trip to the hospital can be as simple as remembering to strap on your helmet.

    2. Hand turn signals

    Easily the biggest threat to road cyclists is the cars you have to share the road with. Turning signals are the same that you would use in a car when your tail lights aren’t working: signal with your left hand as you continue to steer with your right. Before making a left turn, extend your left arm out straight. When you make a right turn, hold your left arm up, elbow at a right angle.  When you are about to stop, hold your left arm pointed down to the ground.

    3. Stay Visible!

    This is one that, again, can come off as pretty obvious, but there are so many ways that people forget to make themselves visible to people in cars. Make sure that whatever you’re wearing has relatively bright colors on it at the very least, even if you are out in the middle of the day.

    Further, you should do your best to avoid going out after dark. Motorists have a hard enough time seeing other cars at night, and they have big lights on them to warn each other. When you really can’t avoid biking late, you have to dress accordingly. At this point, wearing bright colors just isn’t enough; you have to make sure to wear a reflective strip, or get a blinker installed on your bike. But again, the safest option is just to restrict your biking activity to daylight.

    4. Stay in the Bike Lane (or, Failing that, remember to stay in Traffic)

    Lower personal risk on your bicycle and stay safe with andrew gordon inc insurance norwell ma

    When you live in a town or city that has a bike lane, it is the cyclist’s responsibility to honor that designation and ride exclusively in that lane. This keeps you safe from cars that have no reason to be passing through that lane, and also frees up traffic so that the motorists don’t have to worry about you going in their lane. 

    However, it is important to note that most rural towns do not have such a lane designated just for bicycles.  If you are in such a town, it is a common mistake to treat the road shoulder as a sort of bike lane.  This is actually significantly less safe than riding right on the road.  The shoulder does not give as much space as a bike needs, so you can still get side swiped by a car whose driver didn’t see you. Biking more in the standard road makes one more visible to motorists coming up behind you and allows you to avoid the potholes and crumbling asphalt you can find on a shoulder.

    So, always stay visible, ride where you’re safest, and always, always wear a helmet.  Despite the scary picture this might paint for road biking, it really is one of the best ways to stay in shape and enjoy the fresh air. 

    For more of our personal blogs, where we discuss everything from safety issues to recipes, click here. Don't hesitate to contact us with an insurance question. Learn about personal insurance here. 

      INSURANCE QUESTION?

    Nate Gordon

    Tags: risk, management, safety, biking, visibility, tips, traffic, helmet, bike, bicycle, signals, turn

    Why Does My Insurance Company Not Fight My At-Fault?

    Posted by Geoffrey Gordon

    Thu, Jul 05, 2012 @ 09:12 AM

    Understand what your agent can do if youre at fault in an automobile collision with auto from andrew gordon inc insurance norwell maYou’ve just had a fender bender and then find out your insurance company won’t go to bat for you to avoid the dreaded ‘at-fault’ tag for the accident. Aren’t they supposed to? Isn’t that what you’d expect from a risk partner?

    Yes, they are.

    In fact, it’s always in your insurance company’s interest to have the other driver considered at-fault. And having your financial interests and the insurance company’s financial interests both trying to find the other driver at-fault is the best alignment possible.  

    Here’s why your interests align:

    The insurance company for the at-fault driver ends up paying most or all of the cost of the accident. That’s a big incentive. If you’re at-fault, they’ll pay your collision AND the repairs to the other driver’s car, even when the other driver goes through his own insurance. (This is a process known as subrogation, where the non-at-fault company gets paid after the fact by the at-fault driver’s company).

    So why don’t they fight harder?

    In short, legal reality. Massachusetts traffic law has been litigated and argued for about a hundred years. That’s a lot of case law. And even the most skilled lawyering can’t get you ‘not at-fault’ if the case law is against you (excepting documented extenuating circumstances).  

    Massachusetts traffic law has been summarized in the “Standard of Fault”. Distilled down to the very basics, the at-fault driver was usually in one of these situations:           

    • Not yielding to oncoming traffic

                     -Crossing traffic to turn left

                     -entering a main road from a side road

    • Hitting someone in the rear 

                     –not stopping in time

    • While in reverse

    It’s always good to get fresh information at the accident, to avoid ‘description drift’.  See our tips on right after an accident to understand how to protect your interests. Or call us at 800-649-3252. Learn more about auto insurance here

      Driving with Insurance in Mind eBook  

    Geoff Gordon

    Tags: auto, risk, management, law, insurance, fender bender, at-fault, at-fault, litigation, accident, Automobile, Vehicle, car, crash, traffic

    Latest Posts

    Most Popular Posts

    Have a Question?