If you have ever talked with an insurance agent to get a car insurance quote, you may have been asked about a lapse in coverage. How you answer that question can impact how much your insurance coverage will cost and even if coverage is available to you. Key Takeaways: Car insurance lapses usually occur for […]
A third-party insurance claim is basically when you file an insurance claim against someone else. It can be because of an accident or when someone else’s car causes damage to you or your property. It’s important to understand the difference between a first-party and a third-party insurance claim since there are different responsibilities and processes […]
Key Takeaways: New drivers are people who have no valid driving history in the US and can include teenagers just learning to drive, people who have opted not to drive before or had a gap in coverage, and those who have recently emigrated to the United States. There are various discounts and ways to save […]
Key Takeaways: Insurance rates are not based on income but do factor in things that imply income levels, such as credit score, education level, and whether you own your home or rent. There are some good ways to save money, like buying an older car or finding alternative transportation for your daily commute to keep […]
Key Takeaways: Businesses can add contingent business interruption coverage to their standard business insurance policy to protect their business from disruptions outside of their control, like a supplier shut down due to flood or fire. This coverage is especially helpful for businesses that depend on one or two suppliers for merchandise or supplies or have […]
Key Takeaways: Auto insurance companies use your “insurance score” to determine your overall auto insurance quote. Your “insurance score” is determined by an insurance company using a proprietary formula and includes your occupation and salary history. Your job category and credit history speak volumes to insurance companies about your ability to act responsibly and pay […]
So, you’ve opened a new venture and chosen to do business as a limited liability company. Structuring your business as an LLC is a good way to separate and protect your personal assets from your overall business as well as your business partner(s) assets. In the event your business fails, an LLC should protect you […]
Every autumn, people with health insurance enter the ‘open enrollment period’ for the coming plan year and 2021 is no different. This includes employer-based plans, health exchange plans (Affordable Care Act, ACA, or Obamacare), and individual or family plans. Generally, open enrollment period 2022 dates to remember include: Open Enrollment begins Monday, November 1, 2021. Open […]
Key Takeaways: As a business owner, you need to protect your assets and your ability to do business through strong risk management that mitigates the unforeseen risks that could occur at any time. Your role as owner is to ensure your company has comprehensive risk management solutions in place so that you can mitigate any […]
Do You Really Need Vacant Land Insurance? Absolutely! If you own vacant land, it’s important to insure it properly and that can mean multiple coverages or policies to be sure you’re adequately protected. People often assume that their homeowner’s insurance policy will cover any vacant land they may own automatically, but that’s not the case. […]
Car insurance is vitally important! In fact, most states require you to have a minimum of insurance to cover your personal liability for any damage you or your car may cause. The minimum required amount of coverage is defined by each state and that usually means carrying insurance that includes bodily injury and property damage […]
The 2020 Open Enrollment Period (OEP) for health insurance plans is fast approaching. Many Americans will be evaluating high deductible health plans (HDHP) options as an alternative with over 45% of people under 65 years of age choosing them last year alone. These plans continue to increase in popularity as consumers seek relief from the […]
