Collision Coverage Questions Information and Answers

When should you drop comprehensive insurance? Comprehensive insurance, also commonly referred to as “other than collision” or “full coverage” insurance, is the most expensive type of auto insurance. It covers the cost of repairs to your vehicle in the event of an accident, regardless of who was at fault. If you’re a teenager or in your 20s, then comprehensive insurance is recommended. Comprehensive insurance covers all of the damages to your car. But if you have an older car that… Read More »Collision Coverage Questions Information and Answers

Flood Insurance Questions Information and Answers

Does renters insurance cover flood damage? Renters insurance is not the same as homeowners insurance and it does not cover flood damage. Many people are under the impression that their renters’ insurance covers flood damage. However, flood damage is not typically covered under a renters insurance policy. You’ve probably seen the news about the floods in Louisiana and the devastating impact it’s had on people’s homes and businesses. It’s important to remember that even if you live in an area… Read More »Flood Insurance Questions Information and Answers

Marine Insurance Questions Information and Answers

What are the differences between boat and yacht insurance? The main difference between yacht and boat insurance is that a yacht is generally required to be over a certain size to qualify as a yacht. While both boat and yacht insurance cover you for the same things like damage or loss of your boat or yacht, there are some differences between the two. Boat insurance is usually cheaper than yacht insurance because boats are smaller than yachts, so the risk… Read More »Marine Insurance Questions Information and Answers

Renters Insurance Questions Information and Answers

What affects the cost of renters insurance? There are a few things that affect the cost of renters insurance. One of the biggest is where you live. If you live in an urban area, then you’re likely to pay more for renters insurance than someone who lives in a small town or a rural area. The two main factors that affect the cost of renters insurance are the deductible amount and the coverage amount. Aside from the safety of the… Read More »Renters Insurance Questions Information and Answers

Casualty Insurance Questions Information and Answers

What is the difference between liability and casualty insurance? If you’re an entrepreneur, you need to be aware of what different kinds of insurance you need for your business to protect it. Liability insurance covers the cost of accidental bodily injury to another person. For example, if you accidentally run over a pedestrian with your car, your liability insurance will cover the cost of any medical bills. Liability insurance covers you if you’re sued for something related to your business,… Read More »Casualty Insurance Questions Information and Answers

Pet Insurance Questions Information and Answers

What does pet insurance cover? Pet insurance is one of those things everyone thinks is a good idea but doesn’t know how to go about getting it. Before you sign up for a policy, it’s important to know what you’re signing up for. Pet insurance is a must for pet owners. It’s a way for you to have peace of mind when it comes to taking care of your furry friend. If your pet is injured or becomes ill, pet… Read More »Pet Insurance Questions Information and Answers

Comprehensive Insurance Questions Information and Answers

Do you need comprehensive and collision insurance on an old car? If your car is old and has a high value, you may want to consider getting comprehensive and collision insurance. It all depends. Comprehensive and collision insurance are both designed to protect you from the unexpected. If you’re driving a car that is worth $10,000 or less, comprehensive insurance may be a waste of money. If you’re a young driver, it can be tempting to go for the cheapest… Read More »Comprehensive Insurance Questions Information and Answers

What are the different types of life insurance?

There are many different types of life insurance, but the two main types are term life and whole life. Term life insurance is the most simple and affordable option. Term life insurance is also the most basic type of life insurance. When you buy term life insurance, you pay an annual premium to protect yourself for a certain time. The next most common is whole life insurance which is like a savings account with a death benefit. Whole life insurance… Read More »What are the different types of life insurance?

What does commercial general liability insurance cover?

Commercial general liability insurance is one of the most commonly purchased insurance policies for businesses in the United States. It covers a slew of potential liability claims that include bodily injury, property damage, and personal injury claims. The policy also covers other claims such as libel, slander, and copyright infringement. Commercial general liability insurance also covers damages and injuries that are caused by your business. This includes damages to other people’s property, as well as bodily injury or death caused… Read More »What does commercial general liability insurance cover?

If we already have business liability insurance, why would i need commercial umbrella coverage?

Business liability insurance protects you from lawsuits and other legal actions against your business. Commercial umbrella coverage is an extra layer of protection for your business. Commercial umbrella insurance is an extension of your business liability insurance. It provides additional liability coverage beyond your regular limits. For example, say you have $1 million of business liability insurance. With umbrella coverage, if you get sued for $5 million, you’d be protected up to the $5 million.