If you have a homeowner’s policy you will know that there are different types of coverages that exist—but an interesting fact is that J.D. Power & Associates did a study in 2019 and found that 52% of policyholders didn’t know what their policy actually covers! And that meant that homeowners didn’t know both what is covered and what coverages they should actually have for themselves!
Policies usually have Dwelling Coverage as the main part of a policy—which covers your home! Personal Property Coverage, which covers things you own within your home. And Other Structure Coverage, which covers other buildings on your property such as a garage, driveway, fences—anything that isn’t created by nature that is on your property pretty much!
There is another component that is usually a part of a Homeowner’s Insurance policy, and it is very beneficial: Personal Liability Coverage! If you had someone get hurt on your property and it was your fault you would be covered—or if you damaged someone else’s property, you would be covered! It can cover legal fees too!
What isn’t covered on a standard policy is a bit confusing too since you will probably think you will be covered if one of these happens! Acts of God such as earthquakes and flooding are usually not covered, if the sewer backs up into your house you probably aren’t covered, or things like mold/termites in the walls of your home! To get these covered you will have to get a separate policy in order to do so!
What this all means is you should talk to your insurance agent and carrier about everything that you want covered and what policies you will need to get to cover any gaps in coverage! Never be afraid to ask!
The days are getting longer, the cold weather is getting warmer, and you’re spending more time outside—this must mean that summer is almost here! We all can use some warm sunshine and better weather these days, but with the coming of summer it comes time to look at your Homeowner’s Insurance policy to make sure you still can have a great time this summer without any worry!
If you already have a pool you’ve likely added coverage for any pool-related mishaps that might occur, but if you are building a new pool (Even an above-ground pool!) you will have to let your insurance carrier know! Swimming pools create a whole new dimension of risk for any homeowner and will always need to be covered under their homeowner’s policy to make sure you’re covered if anything goes wrong!
As Bob Dylan sang in 1963, “The Times They Are A-Changin’”, and now in 2020 the song still holds true—we are facing drastic changes, and with these changes come a new set of challenges for just about everyone around the globe! With people needing to stretch their assets further and further, it becomes a necessity to trim down their expenses anywhere they can, and homeowner’s insurance is sometimes one of those expenses that some don’t know can be reduced through being proactive and by working with your insurance carrier!
When you own a Pub or Restaurant you begin to realize that the problems you will face are almost as endless as the beer that you must always have on tap! But there are three big problems—or as we should say, Liabilities, that can devastate any establishment, and neglecting any single one of these instances can end very badly!
Just like wildlife, there are many different shapes, sizes, and characteristics with Pubs and Restaurants—and with this being said there are many different things that can affect the cost of a Pub and Restaurant Insurance premium! If you have ever gone through the underwriting process with a hospitality establishment you will know that there are a lot of questions that go into the insurance company’s decision, but each of these questions serve a purpose to find the right level of coverage for you!
requirement for the minimum amount of coverage if you lease a space or if you are in a franchise agreement! It really helps to check with your lease or agreement before deciding on what is the right coverage for your pub or restaurant! It is always better to be prepared than to not—you should never pinch pennies by skipping out on insurance or by getting insufficient coverage, you will always thank yourself for having it when trouble comes knocking!
If you have a liquor license for your business you know that you are in a highly regulated space that has a ton of rules and is much different than if you just ran a place that sold only T-shirts and shoes! You know that there are a certain set of rules and guidelines that you must keep track of to retain your license—and due to this a common liability insurance plan definitely wouldn’t cut it!
St. Patrick’s Day by getting Liquor Liability coverage! You can’t control what your customers do when they leave and are intoxicated—just be sure to speak with your insurance agent in order to cover your Pub or Restaurant from any harm with good insurance coverage!
Owning your own restaurant, pub, bar, saloon, taproom, can be a very fun and lucrative career to embark upon, but you will soon discover that it can be a ton of work too! Establishing a presence, creating a local rapport—and with the usually large initial investment it takes to start-up, things really start to become clear that protecting all of this hard work is key! Luckily, there are ways to protect that using Pub and Restaurant Insurance!
to spoil, it will be a huge hit to your business in many ways—the time it takes to clean them out and to disinfect, restocking it all with fresh food, and the loss of revenue from not having food at that time can really add up! But if you added Food Spoilage coverage to your policy this situation would be a lot less stressful for you and your business!
Life Insurance isn’t always the first thing that comes to mind when finding ways to express your love, but it’s a great way to do so! I say this because 75% of people that buy a policy do so because of love—and this also explains why many have described Life Insurance as being “love insurance”!
Better business Bureau ®