Difference Between ACV & RCV

A common questions we often receive is what is the difference between actual cash value and replacement value. Actual cash value is the depreciated value, on the other hand, replacement cost covers new for old with no depreciation.  An example of replacement value would be a TV.  When it was first purchased it cost $1500, […]

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Good Student Discount

If you have a son or daughter in high school, college, or post graduate school there are discounts that can apply to your policy. These include the good student discount, as well as the away at school discount. A Good Student discount is a discount that is applied to your policy when your child currently […]

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What is covered when my child goes to college?

As your child goes off to college this fall, you may wonder if their belongings are covered in a dorm or apartment.  Your homeowners policy will automatically provide coverage to their clothing, computer, and other personal belongings.  This coverage from your homeowners policy extends only when your child is still a dependent and resident of […]

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What to do When you are in an Accident

Being in an accident is a terrifying experience.  Follow these steps from American Advantage – Petersen in New Berlin, Wisconsin to help with what to do after an accident occurs! Take Pictures One of the best and easiest things you can do following an accident is taking photos. Take pictures of both vehicles, the other driver’s […]

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Choosing the Right Boat Insurance

Boat Insurance Image

Choosing the Right Boat Insurance Enjoying the summer weather boating on the lake is one of the best ways to spend the summer.  Boats can provide a lot of fun for the whole family, but it is also important to make sure you and your boat are properly covered with the right boat insurance policy […]

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4th of July Safety Tips

Fourth of July Safety Tips The fourth of July is the epitome of summer.  The perfect time to gather with family and friends and spend time in the great outdoors.  This fourth of July, follow American Advantage – Petersen Group’s safety tips to ensure this fourth of July is one to remember and doesn’t involve any […]

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