With the increasing awareness of environmental issues, new legislations are being introduced affecting our everyday economy. One of the main culprits of pollution is synthetic chemical. It has enhanced the quality of life and is easily found in our everyday lives. Unfortunately, it is nonbiodegradable and negatively impacts our environment. The chemicals found in the process […]
Few people are fully aware of the coverages they have purchased for their home insurance. As a result, many homeowners assume that they have coverage for losses that aren’t covered. Keep reading to learn about common limitations or exclusions in a standard homeowners’ insurance. We’ll also be covering alternative options to better protect your home. […]
Business Auto Insurance When buying a car, you will be asked to present a proof of insurance. So how is personal and business auto insurance different? Does personal auto insurance fully cover business auto? How should you purchase insurance for commercial vehicles? Below are answers to frequently asked questions. Some may think personal auto […]
Business such as dry cleaners, alterations or shoe repair constantly have customers dropping off and picking up their clothing or shoes. Laundromats are no exception as some are offering wash & fold services. With the majority of the inventory as possessions of clients, what would happen if there were to be a fire? How are […]
Most car accidents are minor with damages that can be repaired. However, in some cases, the vehicle may end up being totaled. Below are some frequently asked questions that may aid in a better understanding of total loss accidents. ◈ What is total loss and how is it determined? The term “total […]
Commercial property insurance is essential for commercial building owners, just as home insurance is for homeowners. Which is why it’s important to know the criteria that affects the premium. The basic premium calculation is to multiply the loss rate estimated by the insurance company by the insured building limit. Although it differs among insurance […]
Many tend to neglect the coinsurance provision found in business property insurance. However, this term is an important factor that determines whether you will receive sufficient compensation for your property damage. Most accidents are likely to be partial losses with the chance of a total loss being low. With that in mind, a policyholder is […]
So you’ve seen a deductible on your auto or homeowners insurance policy. How does it work exactly? You probably already know that it’s the amount of “cash-on-hand” you need should anything bad happen. What you may not know is that it can be a bit more complicated than that. Auto Deductible Simply put the deductible […]
The terminology itself is an adopted term to describe all technology associated with tracking and communicating driving data. Insurance companies will take this data, and either offer you a personalized rate based on how you drive, or simply give a solid discount. You’ve probably heard of various insurance companies offering a plug-in device for your […]
Your insurance renewal offer arrives, and it’s increased this year. How frequently does this happen? Has it remained more steady or even lowered in previous years? Why would it suddenly seem to rise? This increase can be attributed to a hard market. Characteristics of Hard and Soft Markets The insurance environment flows between two stages, […]