What is Business Income Insurance?

A coverage that is often overlooked when a commercial insurance policy is being put together is business income coverage or business continuation coverage.

What this coverage does for the client is it protects them in the event of a disaster where they are put out of business. It will give them an income stream to continue their operations in the meantime until they can get back on their feet.

How Does My Credit Score Effect Insurance?

Why do they use credit scoring? Well credit scoring is just another underwriting tool. It is like your driving record or your claim history. Insurance companies have found there is a strong correlation between people with good credit scores and people who file less claims.

Do I Need Commercial Building Insurance?

Insuring a commercial building can be difficult. Today I’ll go through a few items that’ll make it a little bit easier for you. The first thing we need to know is what kind of building did you buy? Is it an apartment building? Is it an office complex? Is it a restaurant? Some buildings combine a little bit of everything; those are known as mixed-use buildings. So we’ll need to know what kind of building you bought and what the occupancies are going to be.

Do I Need Full Coverage For My Auto Insurance?

Collision and comprehensive covers the vehicle itself. OK? The collision covers if the vehicle is damaged when it collides with something, whether you hit something or someone hits you. And comprehensive covers things that are not collision-related, things like flood, hail, theft of the vehicle, vandalism, those types of things, where you didn’t actually collide with something but damage did occur to a vehicle.

How Do I Get Homeowner’s Insurance?

How do I get homeowners insurance? How do I go about doing that? What do I need to provide to the agent and how do they get a quote and set up coverage for me?

Call an agent. We don’t recommend trying to get insurance online or through an 800 number. With homeowner’s insurance that system has not been perfected yet. Using an agent who is going to act in your best interest is going to be your best bet.

Do I need Separate Jewelry Insurance?

Today’s video is jewelry coverage. Jewelry coverage is covered underneath your homeowner’s policy, renter’s, or condo policy, but there’s very limited coverage for jewelry under those policies.

Typically a homeowner’s policy will cover $1,000 or maybe $2,500 per item, and usually there’s a maximum of $5,000 total coverage. That’s very common under a homeowner’s, condo, or renter’s policy.

What is Personal Liability Insurance?

Personal liability – What is it and what does it do for me? Well, personal liability insurance most likely is attached to your home, condo, or renter’s policy if you carry personal liability.

It covers you on and off premises at your home. It will protect you in case a lawsuit or a claim is brought against you where you are responsible for the injuries to other people. And that is what your liability is really set up to do. It is to protect you in case you get sued, in case somebody else gets injured and brings a claim or a suit against you.

What is Homeowner’s Insurance?

One of the calls we get frequently is, “I’m buying a new house or a condominium and my mortgage guy said I have to have homeowner’s insurance or hazard insurance. Can you help me with that?” Well let me explain what homeowner’s insurance does. When you purchase a new home or a condominium or an existing home, you want to make sure you have homeowner’s insurance. This is going to protect you in case the home is damaged due to an instance, say, of wind damage, tornado, or fire, or something along those lines. So we want to protect the structure itself.

Do I Need Auto Insurance?

Regardless of if your state requires you to carry insurance or not, it definitely is a good idea to be carrying coverage. Auto insurance will protect you in case you injure somebody or you damage someone else’s property. That is known as liability coverage.

We also recommend you carry uninsured and underinsured motorist in case somebody hits you and injures you and your passengers and they don’t have any insurance or not enough insurance. Again, that coverage is uninsured and underinsured motorist coverage.

Does My Insurance Change When My Child Goes Off To College?

o you have a child going off to college. Well there’s a couple of things to keep in mind when it comes to insurance and a child going off to college.

Let’s start with the auto insurance. There are several different things to keep in mind. Is your child going to be taking a vehicle with them to school? If they are, you’re going to want to make sure their coverage is on the vehicle, and that a driver is listed on that vehicle as well. Talk to your agent about that, they can help you select the appropriate coverages.