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What Does Actual Cash Value Mean for Home Insurance?
Home insurance has a lot of confusing terminologies, especially when it comes to the types of policies and how you can receive compensation. Replacement cost value, for example, refers to two areas: the total replacement cost value of your home, and a replacement cost value policy for personal belongings coverage. To break it…
August 27, 2020
3 Areas of Car Insurance Coverage and What They Mean?
Car insurance policies can look different depending on premiums, deductibles, and coverage limits, but all car insurance policies are designed to cover three certain areas. A full coverage car insurance policy covers: Liability Property Medical Liability Some policies strictly have liability coverage. This insurance is generally required by state law and limits can change depending…
August 25, 2020
Certificates of Insurance
A certificate of insurance (COI) is an often-used document in the construction world. A contractor or tradesman who is bidding on a job or signing a contract to do work might be posed with a requirement to show a COI. The concept of a COI is simple – it provides proof that the contractor is…
August 20, 2020
Estimating the Value of Electronics for Your Home Insurance
When insuring possessions on homeowners insurance, you have a lot of leeway to choose the limits you want. Yet, the thing about possessions insurance is that your coverage might restrict how much it will pay for items of value, like your electronics. When thinking about the value of these items, take a few extra steps to choose the right…
August 18, 2020
What Happens to Businesses Without Insurance?
Business insurance is used in order to protect businesses from lawsuits and other losses that could have a large financial impact otherwise. Required Business Insurance and Penalties Business insurance requirements vary by state. Most states require businesses to carry a minimum amount of: Workers Compensation: Worker’s compensation provides financial assistance for employees that are injured…
August 13, 2020
3 Important Reasons to Always Have Car Insurance
In today’s uncertain economic times, people are driving less. They also are trying to save as much as they can on expenses, including their auto insurance. You might feel tempted to let your coverage lapse if you no longer drive. However, that’s the wrong decision. You might face severe financial penalties if you ever let…
August 11, 2020
Do I Have to Get Health Insurance Through My Employer?
Healthcare is expensive and insuring through your employer can often be the cheaper option. There is no mandate stating that you have to purchase health insurance through your employer if you don’t want to, however. Benefits of Individual Health Insurance There are many benefits to purchasing your own health insurance plan as opposed to purchasing through…
August 6, 2020
4 Important Ways to Fireproof Your Home
House fires caused approximately $8 billion in property damage, more than 2,800 fatalities and more than 11,000 injuries in 2018. With people staying home more than ever these days, it is imperative to keep the property fire-safe. Homeowners insurance often will pay for fire damage. However, simple prevention methods are often key when keeping fire risks low.…
August 4, 2020
Paying for Car Damage from Hitting an Animal
Something no driver ever wants to do is to hit an animal that strays into the roadway. This accident could cause a huge mess and damage your vehicle (and others if a chain wreck occurs). Not only that, but there’s also bound to be a fair amount of heartache if you are an animal lover.…
July 30, 2020
How Homeowners Insurance Covers Water Damage
It only takes a small amount of water to cause a lot of damage to your home. Your homeowners insurance might provide help with cleaning up the mess and repairing damaged property. However, it will only do so for certain types of water damage. Let’s look at some of the most common types of water damage and…
July 28, 2020
