Businesses are a bit like snowflakes: No two are exactly alike. This means there is no quick and easy formula for assessing potential business insurance risk. A commercial insurance underwriter’s job is to assess the risk of providing insurance to a business owner based on that owner’s type of business, business activities, and claims history. It’s a tedious analytic process, and many business owners don’t understand what underwriters are looking at when their businesses are subject to review.
Life can be complicated. The older we get, the more complex it can become: more assets, more dependents, more decisions to be made in the event our own lives are unexpectedly cut short. If you were suddenly gone tomorrow, would your family be financially secure without your income? The answer may depend on two simple words: life insurance.
It’s the most wonderful time of the year, or so the song goes. It promises “parties for hosting, marshmallows for toasting, and caroling out in the snow.” But in the midst of such seasonal jubilation, don’t fall victim to hidden household dangers that lurk beyond the twinkling lights and perfectly wrapped packages. Filing insurance claims due to preventable property damage or theft is sure to put a damper on holiday cheer. Instead, be aware of common seasonal hazards and take proper measures to keep your home safe and your celebration merry, bright, and insurance-claim-free!
Homes often mirror changes in homeowners’ lives. As families grow or careers takes new paths, homeowners adapt their spaces to accommodate such life events. When they need more space, they make additions or finish basements. And when homeowners found home-based businesses, their homes double as offices.
Dehumidifiers can mitigate moist conditions that cause condensation on windows as well as musty smells, mold, and mildew. Mold flourishes in areas above 65% humidity and can cause breathing problems, skin conditions, and other illnesses. Over time, humidity can also wreak havoc on furniture, appliances, fixtures, and structures. Thus, maintaining proper humidity levels is important for healthy, comfortable living — and a dehumidifier is often the go-to small appliance for handling it.
As the hustle and bustle of the holiday season approaches, it’s easy to get caught up in party planning, shopping, gift wrapping, and home decorating … while forgetting about home winterization. But skipping some simple winter prep steps can lead to high utility bills, costly home repairs, insurance claims, and more. Get your home ready now so you can spend your time and money on the more enjoyable things winter brings.
Images of Florida, Houston, Puerto Rico, and other hurricane-riddled areas serve as powerful reminders that flooding can wreak devastating havoc on property. While water damage from historic weather events like hurricanes may be impossible to prevent, there are proactive measures homeowners can take to protect their homes from isolated water damage that typical seasonal rainfall or snowmelt can cause. And proper insurance coverage can add an additional layer of protection.
Just as there are many types of vehicles on the roadways, there also are a variety of drivers behind wheels. And how insurers perceive drivers plays a major role in determining what those drivers pay for auto insurance.
Those in America’s cannabis community may face some tricky terrain when seeking life insurance policies that acknowledge their habit without gouging their wallets. There are no black-and-white answers when it comes to this issue, and different companies have varying viewpoints relating to cannabis-consuming applicants. Frequency of use, type of use — medicinal or recreational — and even honesty regarding marijuana use can affect coverage approval and pricing.
The concept of ridesharing has become so popular it’s turned one brand into a common verb, “I’ll just Uber.” And we no longer get a lift but, rather, a Lyft.
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