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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
How Much Should You Pay for Health Insurance?
Health insurance has an unfortunate reputation for being expensive, but everyone needs it. It’s important for everyone to find the right health insurance policy for you and your family without paying too much for coverage. Individual Health Insurance vs Family Health Insurance On average, family health insurance policies are more expensive than individual health…
July 23, 2020
Factors that Might Influence the Cost of Your Business Insurance
Are you concerned about the premium you will have to pay for your business insurance? Insurance is part of your overhead, so it’s understandable that you will want to keep it affordable. Mt. Franklin Insurance is happy to help you understand the various factors that will impact your premiums. Some of these you can often…
July 21, 2020
Can You Get Your Money Back After Canceling a Life Insurance Policy?
Life insurance is a unique form of policy that pays out claims at the end of the policyholder’s life. Instead of the policyholder receiving compensation, the premiums they pay are built toward compensation for the policyholder’s beneficiaries. Unfortunately, you likely won’t receive any payout for your life insurance policy if the policy is canceled before its term…
July 16, 2020
