If you’ve ever heard the term “coinsurance” but were unsure of what it was, we’ve got you covered. Here’s what you should know. Coinsurance basically spreads risk between the business and the insurance company. Both parties agree to share the cost if the insured files a claim. However, the policyholder must maintain a certain insurance… Read more »
Homeowner’s buy insurance to ensure they have funds to protect their asset if they experience a loss. Whether an event damages your home, makes it unlivable, or totally destroys it, your policy must provide sufficient coverage. Replacement Cost Misconceptions Coverage for your home’s structure should be based on the estimated cost of repair or replacement… Read more »
Snow removal is a necessity on Rhode Island. If you’re involved in the business of removing it, insurance is a factor you definitely must consider. Requirement for Snow Removal Contracts Proper insurance coverage is mandatory for most snow removal contracts. Clients often ask for a Certificate of Insurance to prove you have sufficient liability coverage…. Read more »
When you rent out a home, apartment, or condo you may wonder which is the best way to protect your asset. Of course, you want to keep costs down, but you don’t want to put your property at risk. While a landlord policy isn’t legally required, we strongly suggest this protection if you’re renting or… Read more »
A business owner’s policy provides core coverages that businesses need in one affordable package. This normally includes property, liability, and business interruption insurance. Even though a BOP offers great coverage, it can’t protect your business fully. Here are 5 things that a BOP doesn’t cover and additional protections you should consider. Cyber Crime Cyber crime… Read more »
Colder weather often leads to plenty of snow and vehicles stranded in it. If this happens to you, here are a few handy tips to help free your vehicle so you can get back to driving again. Clear Snow Away From Tires Clear the snow away for at least a few feet both in front… Read more »
Apartment dwellers can find themselves in the dark just as easily as homeowners. As a result, you should at least have a flashlight and batteries on-hand so you can maneuver around your place. You should also have your property manager or landlord’s number and contact information for the power company. However, we suggest you start… Read more »
Replacement cost is a term you may hear when discussing homeowners insurance. However, many people don’t understand what it is, never mind how it might benefit you. Here’s a short explanation of replacement cost value as compared to actual cash value; the two most common options found in most insurance policies. What is Replacement Cost… Read more »
New Year’s Eve will soon be here and we want you a safe and celebratory evening. Follow these helpful tips and your night should go off without a worry. Plan Your Ride Accidents are more frequent during the holidays, so it is important you plan your transportation wisely. Plan ahead and if you want to… Read more »
An insurance policy endorsement, or rider, offers a way to alter your existing policy without having to buy a new one. It can be used to remove or modify information within your standard policy or increase or restrict coverage. It overrides what is written in your standard policy. Generally, an endorsement remains in effect as… Read more »