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2 Types Of Commercial Insurance That You Must Have For Your Business

Posted by on Jun 22, 2016 in Uncategorized | Comments Off on 2 Types Of Commercial Insurance That You Must Have For Your Business

One of the most important purchases that you can make as a business owner is commercial insurance, mostly because it can provide you with protection from a wide range of potential disasters and issues that can completely devastate your business and livelihood. Listed below are two types of commercial insurance that you need to make sure that you have. Data Breach The most dangerous issue for many business owners is the possibility of a data breach that can release all types of client information to the public. The leaked information can be anything from personal information that can cause identity theft concerns for your clients or financial information that criminals can use to make purchases. In either case, there are a number of stiff penalties that your business could face in the event of a data breach, such as having to pay back all of the money that was stolen from your clients to having to deal with a lawsuit from your clients. In addition, a data breach can also lead to all manner of legal issues and fines from the government, particularly if your business is part of the financial or healthcare fields. However, if you have data breach insurance coverage then your insurance company can step in and pay for those fines, penalties, and potential lawsuits without you having to worry about becoming bankrupt and having to close your business permanently.  Business Interruption Another vital type of commercial insurance that your business needs is business interruption insurance that kicks in when your business experiences some type of disaster or issue that forces you to close it down until the issue is resolved. This situation can be particularly frightening because many business owners’ sole source of income are their businesses, which can lead to them having a complete lack of cash flow while the business is being rebuilt after a fire or while waiting for the aftermath of a flooded building to be cleaned up and equipment replaced. In those situations, business interruption insurance will allow you to make it until your business can reopen by providing you with at least a portion of the lost income during the days, weeks, or months that the business is closed. This can help you cover living expenses and prevent you from falling behind on your bills until your income stream is restored. Contact your insurance agent today in order to discuss the many different types of commercial insurance that he or she would recommend and how they would benefit you. Data breach and business interruption insurance are both great coverage options that can help you protect your livelihood. Contact a business, such as Fulton Insurance Agencies Ltd insurance broker, for more...

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3 Things Your Standard Home Insurance Policy Doesn’t Cover

Posted by on Dec 4, 2015 in Uncategorized | Comments Off on 3 Things Your Standard Home Insurance Policy Doesn’t Cover

If you have a standard homeowners insurance policy, you probably think that you are completely covered if something were to happen to your house. Although standard policies generally offer good coverage, there are limitations. Luckily, you can buy additional coverage if you feel like you need more coverage. Here are some things that homeowners insurance will not cover. 1. Natural Disasters One of the things that many people mistakenly think is part of their homeowners insurance, but is not, is natural disaster coverage. For example, assume that you live on a fault line and there is an earthquake. If there is damage to your home, you will probably be unable to access your policy for help rebuilding the home. This also applies to flooding. This isn’t flooding caused from a broken water heater in your home, this flooding caused by rain, tsunami, or even ground water. Thus, if you are worried about these natural disasters striking your house, you should get an additional policy to help pay for the damage. Otherwise, keep an emergency fund on the side that can help to pay for any damage from natural disaster. 2. Emotional Support Assume that your house was to burn down and you lost everything. Fortunately, you would be able to access your policy to help rebuild the house and replace the loss of your belongings. However, you wouldn’t be able to get financial help for emotional support. This also applies to if the house was broken into and you had to confront a burglar and it was traumatic. Many people experience post traumatic stress disorder after an episode such as these, and could benefit from therapy. It is important to recognize that you will not be able to access your policy to help pay for the therapy, this will be out of pocket, or paid through your medical insurance. 3. Required Upgrades Say that you are required by the city to do upgrades on your home to keep it up to code. Even though this is an unforeseen expense, you will not be able to access your policy to help you fix things. You may have to fix a roof, repair plumbing, electrical wiring and so forth. These fixes could get expensive, which is why it is best to have an emergency fund on the side, seeing that your insurance won’t be any help to you in this situation. These are just a couple things you need to know about your home insurance so that you can be prepared.  To learn more, contact a company that specializes in home insurance by Weeks Insurance & Financial Services...

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Why Getting Homeowners Insurance Is A Smart Decision

Posted by on Sep 7, 2015 in Uncategorized | Comments Off on Why Getting Homeowners Insurance Is A Smart Decision

Are you stuck with costly repairs after experiencing a house fire? A house can catch on fire when you least expect it, so it is a good idea to make sure you have homeowners insurance if you don’t want to end up in the same financial situation again. Find out in this article why spending money on home insurance coverage is a smart decision. Why is it Ideal to Get a House Insurance Coverage? Investing in insurance for your house is smart because it will give you money to fall back on if your house happens to go up in flames again. The damage that a fire can cause to a house is unpredictable and can leave you with no place to live. Homeowners insurance can give you the finances for a temporary residence while your house is being repaired or rebuilt. Having your own place to stay in during the recovery process can be a lot less stressful than having to live with a friend or family member. Homeowners insurance is also a good way to avoid having to dig into your own bank account if accidental damage is caused to a neighbor’s property. All it takes is for one of your children playing baseball to accidentally break a neighbor’s window. Damage to a neighbor’s property can also happen if you have pets, such as if the pet digs a big hole in the neighbor’s yard. You insurance coverage should cover the repairs, depending on what is in the policy. It is likely that your insurance coverage will extend to damages caused by natural disasters as well. However, it is common for the coverage to only cover disasters like tornadoes and earthquakes. Coverage for a flood may require that a separate policy is purchased. Does Homeowners Insurance Cover Property Outside of the House? You will not only get compensated if someone robs your house, but also if someone steals something out of your vehicle. Homeowners insurance can come in handy if you are a frequent traveler who stays in hotels a lot. If your property is stolen out of your hotel room, you can file a claim and get paid for it. Filing an insurance claim for property stolen while away from home requires that you can prove it, such as by giving your insurance company a police report. Don’t delay getting insurance coverage for your house so you can have a sense of financial...

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Teen Driver? 3 Ways You Can Help Your Parents With Car Insurance

Posted by on Aug 6, 2015 in Uncategorized | Comments Off on Teen Driver? 3 Ways You Can Help Your Parents With Car Insurance

Before you get behind the wheel of a vehicle and hit the open road, you need insurance. However, insurance rates for teenagers can be really high. If your parents are hesitating to add you to their insurance policy because they fear the high costs that will come with adding you as a driver, you can win them over by letting them know you will take the following courses of action to lower your insurance: Step #1: Complete A Driver’s Education Course The first thing you need to do is sign up for and complete a driver’s education course. See if your school offers driver’s education courses or if there is a driving school in your area.  Not only will you impress your parents with your dedication towards learning how to be a safe driver, you can also save on your insurance rates by completing a driver’s education course. Most insurance companies offer a set discount for a specific number of years for any driver that completes a driver’s education or safety course. Before you sign up for the course, make sure it is an approved course through your insurance that will earn that a discount.  Step #2: Keep Your Grades Up One of the best ways to show your parents that you are responsible enough to drive is to keep your grades up. Try to achieve at least a B average or higher on your next report card.  Not only will earning and maintaining at least a B average impress your parents, it will also impress your insurance company. The vast majority of insurance companies offer discounts to students who get good grades; and maintaining good grades is a great way to show your insurance company that you are responsible as well. Step #3: Save Enough Money To Cover A High Deductible One of the simplest ways for your parents to save money on their insurance is by raising their deductible. The deductible is how much cash your parents will have to pay out of their own pockets to fix a vehicle before their insurance company will step in and help them with your costs. Before you suggest this money saving tip to your parents, save up enough money to cover the highest deductible that your parent’s insurance company offers and put this money away in a saving account. Then, let your parent’s know that you have saved enough to cover a higher deductible should anything happen while you are driving.  If you follow the three steps as outlined and suggested above, you may just be able to convince your parents to allow you to drive one of their vehicles or even get your own. All of the suggestions above will not only show your parents that you are responsible enough to drive, these suggestions will also reduce the cost of adding you to their insurance policy. Be sure to contact a professional auto insurance agency, like D A Kurt Insurance Broker Ltd automobile insurance, to discuss other policy discounts for...

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What You’ll Need for a Home Insurance Quote

Posted by on Jul 7, 2015 in Uncategorized | Comments Off on What You’ll Need for a Home Insurance Quote

Home ownership can be extremely exciting and rewarding, but it also comes with a great many challenges. Chief among those is making sure that your home will remain protected in the event of a natural disaster or other catastrophic event. Finding the right home insurance will provide you with that security, but before you shop around for quotes, you need to make sure that you’ve gathered the relevant information. Below, you’ll find a guide to some questions you’ll have to answer when seeking a home insurance quote. Keeping this information in mind will guarantee that you can have an open and honest dialogue with your insurance provider and can help put you on the path to guaranteeing the coverage you desire for you and your loved ones. Age of Home Systems The risk factors surrounding your home’s systems are likely to intensify with age. Plumbing, electrical, and heating systems are all more likely to fail after significant usage, so your home insurance agent will need precise information about their origins before providing you with a quote. Make sure that you track down documentation which verifies the installation date of each of these systems. This means that you should be sure to hang on to receipts and warranty paperwork when you have a new system installed, and you should try your hardest to track down the same when purchasing a new home. Optional Risk Factors You’re free to conduct yourself in your home as you see fit, but there are some factors which will add to the risk of insuring your home from the perspective of an insurance company. If you’re a smoker, that may need to be disclosed, as it could result in a higher fire risk. Similarly, pet owners will likely have to describe the age, gender, and breed of their animals. This is necessary so the insurance company can determine the risk of injury caused by those animals which would have to be covered under your homeowners insurance. Personal Property Value If you own a great deal of very valuable property that you plan to store in your home, it’s vital that you disclose that to your insurance company. Jewelry, electronics, firearms, and even valuable pieces of furniture all need to be accounted for in order to guarantee they can be replaced in the event of a catastrophe. Being open and honest about your items is the best way to make sure you get a quote which truly reflects your insurance needs. Consider speaking with a representative from Northgate Insurance Centre to obtain your home...

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Looking To Save Money On Car Insurance? Consider These Three Tips

Posted by on Jun 9, 2015 in Uncategorized | Comments Off on Looking To Save Money On Car Insurance? Consider These Three Tips

Are you tired of struggling to pay your auto insurance premiums each month? If so, you should know that it is possible to lower your monthly rates without sacrificing any of your coverage options. The three tips outlined below can help you to accomplish this goal. Tip #1: Always Bundle Your Insurance Coverage When Possible Most people require several different types of insurance in order to meet all of their needs. For instance, people will often carry car, homeowners or rental, and life insurance. The problem is, people often purchase each of these insurance policies separately, and often from separate companies. As a result, they will pay more for each of their policies. When purchasing your insurance policies, consider buying all of these policies at one time from a single company. This will allow you to take advantage of what is known as a bundle discount. The best part is, this discount not only applies to your car insurance coverage, but to all of you insurance policies. This fact will allow you to quickly super charge your savings. Tip #2: Be Sure To Provide Accurate Information Regarding Mileage When you contact an insurance company to request a car insurance quote, you will be asked questions about the primary use of your vehicle and how far you travel for certain tasks, such as going to work each day. This information is used to help estimate how many miles you travel on an average day. The reason this information is so important is that the more miles you drive each day, the higher the risk is of you being in an accident. Consequently, insurance companies will charge you more if you spend a lot of time on the road each day. While the information collected during the quote process allows insurance companies to estimate your daily mileage, this estimate may not be accurate. Consequently, taking the time to provide them with accurate information regarding your average daily mileage can result in a decrease in your monthly premiums. Tip #3: Don’t Be Afraid To Brush Up On Your Defensive Driving Skills Over the years, people often lose sight of the defensive driving skills they learned early on and begin to develop their own, more aggressive style of driving. The problem with this is, aggressive driving can greatly increase your chances of being in an accident. This is why insurance companies routinely reward drivers who take the initiative to brush up on their defensive driving skills and ultimately reduce their risk of being involved in an accident. When signing up for a defensive driving course, be sure that the course you choose is recognized by your insurance company. Upon completion, simply supply your insurance company with a copy of your course certification in order to receive your discount. These are just a few ways you can save money on your insurance costs. For more information, contact your local insurance...

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Lesser Known Policies Sold by Insurance Brokers

Posted by on May 4, 2015 in Uncategorized | 0 comments

Most people are aware of the common policies insurance brokers sell, such as auto insurance, home insurance, and life insurance. But there are some lesser-known policies that insurance brokers wish more people knew about because they can provide security when unexpected things go wrong. Here’s a rundown of these policies and what they can do for you. Income Protection Insurance brokers sell income protection policies, which will pay you a monthly amount of money when you are struck down by an accident or injury that causes you to miss time at work. Income protection is especially important if you are an hourly employee, because salaried employees may have built-in protections offered by their employers, but hourly workers typically don’t have any guarantees when they are unable to work. Income protection policies are customized to fit your situation, which means that even if your work is mostly commission-based, you can still receive a payment after your are incapacitated. Funeral Insurance Insurance brokers urge many adults to purchase funeral insurance for themselves or for loved ones who are ill or elderly. Funeral insurance pays a specified amount to handle the costs of a funeral, and usually has a cap figure and an age limit, meaning that the policy won’t pay out more than the maximum coverage, and won’t pay out if the insured exceeds the maximum age allowed. But unlike with life insurance, many of these funeral insurance policies don’t require medical tests. If you pay premiums equal to your coverage amount, you stop paying even though the insurance remains in-force. Total and Permanent Disability A devastating accident, injury or illness can strike at any time, and leave you or a loved one permanently disabled. Insurance brokers sell this type of policy to provide you with a lump sum payment after this kind of event occurs. Total and payment disability policies cover a wide range of situations, but you must ensure that your insurance broker informs you of the insurer’s definition of disability to prevent a misunderstanding after you are injured or fall ill. Critical Illness Sometimes known as trauma insurance, this coverage sold by insurance brokers pays out a lump sum payment if you suffer an illness that is listed under the policy. This is different from total and permanent disability coverage because critical illness coverage provides payments related to the medical expenses of a trauma, including rehab expenses, and doesn’t require you or your loved one to be permanently disabled in order for coverage to begin. For more information, talk to a professional like Cambridge Insurance Brokers (Preston)...

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Exposing Two Misconceptions About Fleet Insurance

Posted by on Apr 2, 2015 in Uncategorized | 0 comments

Your company’s commercial vehicles may be essential for getting your workers and shipments to where they need to be. However, it is legally required for every one of your vehicles to be insured, and if you have a lot of vehicles, this can quickly become an expensive task. Fortunately, fleet insurance is designed to protect all of your company’s vehicles under the same policy. Sadly, these insurance policies are not always well-understood by business owners, and this may cause them to think a couple of myths about these policies are true.  Myth: You Must Have Dozens Of Vehicles To Buy A Fleet Insurance Policy There is a common notion that these policies only make financial sense if your enterprise has a very large number of vehicles. In actuality, your business only needs to have a few vehicles for this type of policy to start being a viable option. However, it should be noted that many insurance carriers require a minimum number of vehicles, and you may need to contact several providers to locate one willing to work with a small commercial fleet.   Also, it should be noted that these policies can cover more than just automobiles. If your enterprise uses forklifts or other small vehicles, these can usually be covered under your fleet policy.  Myth: Your Fleet Insurance Premiums Will Never Change Sadly, some people may think that the premiums on a fleet policy are far less likely to change from year to year. While these premiums are usually relatively stable, there are various events that can alter your premiums. For example, accident claims are among the most common reason for a rate increase, but it is not the only one. These agencies will usually consider the creditworthiness of the business before issuing the policy, and if your enterprise has a poor credit history, this could impact your premiums.  Fortunately, if your premiums increase, there are steps you can take to help lower these costs. One of the most common ways is by mandating defensive driving courses for your workers. Insurance companies look favorably on these courses. Therefore, if your employees regularly take these courses, your company’s risk profile will be lowered, and this can lead to deep savings.  A fleet insurance policy is an essential expense for enterprises that have several vehicles. By understanding that these myths are incorrect, you will be in a much better position to understand what to look for when shopping for one of these policies. For more information on fleet insurance, talk to a representative from an insurance company like Acumen Insurance Group...

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Staying Informed And Fully Protected – Questions For Your Home Insurance Broker

Posted by on Mar 10, 2015 in Uncategorized | 0 comments

Owning a home can be one of the most exciting and rewarding accomplishments of anyone’s life, but it is certainly not without its challenges. Chief among those challenges is making sure your home’s structure and your belongings stay protected in the event of the unforeseen. The only way to guarantee that is to make sure you’re well informed. Below, you’ll find a guide to some questions you should ask your home insurance broker. Having the answers to these questions will provide you with the knowledge you need to feel secure in your protection. It will also allow you to select the coverage that makes the most sense for you and guarantee you’re protecting your wallet all the way around. Ask About A Total Loss The worst case scenario for any home owner is the total loss of the home. Whether it’s from fire, flood, tornado, or any other random occurrence, it’s important that you have an idea of what you could face if the very worst were to come to pass. Your insurance broker should be able to provide you with an estimate as to what a full reconstruction of your home would cost. From this estimate, you can also attempt to add an approximate value of the items in your home and, from there, you can develop an idea of the amount of coverage that you truly need. Ask About Liability Coverage Accidents happen, but for many people, common household accidents can become a nightmare of litigation and court costs. Having a layer of protection in place in case an unfortunate accident were ever to occur on your property can be very smart and, in some cases, absolutely vital. Your home insurance broker will be able to walk you through the costs associated with liability coverage as well as help you determine whether it’s necessary for you. In many cases, risk factors such as your home’s outside environment and how often you entertain guests can be a determining factor. Ask About Flood, Earthquake, and Disaster Coverage For people who live in a relatively calm areas with little risk of natural disaster, these types of additional coverage may not be necessary. For others, however, these additions can be a vital step in making sure you’re truly protected from all eventualities. Areas with common flooding or which are overdue for a major earthquake are areas where you should be prepared to seek out any and all coverage products that will allow you to protect your home. (For more information, contact drayden insurance or another...

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Learn How To Be A Safe Driver In The Rain And Reduce Your Insurance Premium

Posted by on Feb 10, 2015 in Uncategorized | 0 comments

At some point, everyone has to get in their vehicles and drive in the rain. Do you ever feel like everyone suddenly becomes bad drivers when it is raining? Driving in the rain requires a different set of skills than everyday driving. By learning these skills, you can avoid getting into an accident when it is raining and save money on your insurance premium at the same time.  If There Are Multiple Lanes, Drive In The Middle Lane If there are multiple lanes, such as on the highway, drive in the middle lane. On one-lane roads, try to stay as centered as possible in your lane and avoid driving on the edge of the road. All roads are created with a crown. The middle of the road is slightly higher than the sides of the roads. Roads are created this way in order to allow rain to drain off of them. Water can easily pool up on the edges of the road, which is why you should avoid the edge of the road when you are driving in the rain.  Turn On Your Headlights Just because you can see well in the rain does not mean all the drivers around you can see well too. Even in the middle of the day, you should turn on your lights when driving in the rain. This makes it easier for other drivers to spot your vehicle. That said, you should not turn on your brights and blind other drivers. Your regular beams will do just fine for driving in the rain.  Never Drive Through Standing Water If you see a bunch of standing water up ahead, and you cannot see the bottom, do not try to drive through the water. What looks like only a couple of inches of water to you could actually be a foot or more of water. Plus, standing water can hide other road hazards, like potholes and debris.  If you can, turn around and use an alternate route. If the other lanes are clear, drive around the standing water. If you can’t avoid it, pull over and wait for the water to clear.  Obey The Speed Limit When it is raining, you should really pay attention to the speed limit. If the sign says you should take that curve slowly, you should probably actually slow down. Speed limits were created to give drivers guidelines on what speed they could drive on that particular road, no matter what the conditions were outside. Even if you drive somewhere all the time and feel comfortable driving faster than the posted speed limit, you should really slow down when it is raining.  It can take your vehicle longer to stop when it is raining. If your vehicle loses traction when you are trying to stop, you could easily slide. It is also easy to hydroplane when the roads are wet and you are going to fast. So protect yourself and other drivers on the road and slow down. Finally, If You Can’t See, Pull Over Sometimes, the rain can really just come down. If it is raining so hard that you cannot see in front of you, even with your windshield wipers on full blast, find a safe place and pull over. Usually, whiteout rain does not last too long,...

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