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How Fire Stations Can Affect Your Home Insurance Premiums
Home insurance premiums seem elusive until you discover what, exactly, makes them raise or lower year by year. There are many factors which an insurer may use to calculate your home insurance premiums. One of these is your location and, specifically, how close you are to a fire station. Why? Home insurance prices, and…
September 10, 2020
Choosing the Correct Term Life Insurance Policy Length
When you buy life insurance, you probably have an idea in mind about where you want your policy to go. You might want to use it as a vessel to provide money to loved ones for specific purposes. As a result, you might only want your coverage to last for a certain number of years.…
September 8, 2020
Can You Cancel Auto Insurance on a Financed Car?
When you purchase a new car, you are generally issued a requirement by the lender to carry a certain amount of car insurance. This requirement is issued to protect the lender’s investment in case an accident damage the car. You must carry this insurance for as long as you are financing the vehicle. If you cancel your…
September 3, 2020
Business Insurance Coverage for Computer Equipment
Getting the right Business insurance for your company property might seem challenging, and one of the most critical items you want to protect is your computer systems. Still, you might not know whether your business insurance will cover these expensive and sensitive machines. The good news is it can, but you must make sure you have the proper…
September 1, 2020
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
