Workers’ compensation insurance is an important insurance policy for any business with employees. Work Comp protects both employees and employers from the financial impact of workplace injuries. But how exactly are the rates for this important coverage determined? Several key…
1. Policy Coverage Doesn’t Apply One of the most common reasons for claim denial is that the damage or incident isn’t covered by your policy. For example: Liability-only policies won’t cover damages to your own vehicle. Exclusions may exist for…
Running a contracting business comes with a lot of insurance risk. Whether you’re a general contractor, plumber, electrician, or carpenter, having the right insurance is important to protecting your business, your employees, and your clients. In this post, we’ll cover…
What is an Escrow Account? What Is An Escrow Account? An escrow account is a type of savings account managed by your mortgage lender. It’s used to pay certain property-related expenses, such as property taxes and homeowners insurance, on your…
What Does Renters Insurance Cover? What Does Renters Insurance Cover? Renters insurance typically includes two main types of coverage: Personal Property Coverage: This covers the cost of repairing or replacing your personal belongings if they are damaged or stolen. Common…
Deer Vehicle Collisions cause an estimated $1 Billion in vehicle damage a year in the United States. Approximately 150 die each year in deer related accidents. When you hit a deer, the type of insurance coverage you have will determine…
Experiencing a car accident is stressful enough, but when your vehicle is totaled and there’s still a lien on it, the situation can become even more complicated. Knowing how car insurance handles this scenario can help you navigate the process…
As a business owner, the lines of business use and personal use of your vehicle can get blurred. Whether you own a single delivery van or a fleet of trucks, making sure that you have the proper insurance is very…
What is Replacement Cost? Replacement Cost (RC) refers to the amount it would take to replace or rebuild your home or repair damages using materials of similar kind and quality, without deducting for depreciation. Essentially, this means that if your…
Ever wonder why your car insurance is a much different price than a friend of yours? Often times a much different price. Here a few of the factors that can drive up your car insurance: 1. Credit Score Your credit…