Having a lapse in coverage means that you do not have financial protection if you get into an auto accident. If you’ve missed a payment by a few days. If you’ve only missed the payment by a few days, you likely can reinstate your policy without a lapse in coverage or other serious consequences, as […]
Deciphering loan contracts and insurance policies can be difficult, and figuring out the difference between loan amounts and insured amounts can be complicated. However, understanding the difference is critical in obtaining the right protection. Here’s what you need to know. Loan Versus Insured Amount The term “loan amount” refers to the amount of money you […]
Depending on where you live, spring may have sprung. For some of us in the Midwest, we’re still waiting. No matter where you live, weather can cause damage to your home. Here are some areas to examine on your home after a long, cold winter. Windows: In the winter, windows ideally keep the cold air out […]
Crop-Hail insurance, coverage against physical damage from hail, is available through a variety of private products. These policies provide coverage on an acre-by-acre basis which means damage to only one part of the field may be eligible for payment. Below are the highlights of some policies to consider. Crop-Fire Basic Hail Deductible Hail Companion Hail […]
If you want to add some additional living space to your existing home, finishing your basement is a great way to do so. If you recently purchased a newly-built home, some of the work may have already been started. Studded walls may be up, and your basement may even include plumbing for a future bathroom. […]
Has anyone visiting your home ever asked, “Do you have a USB so I can charge my phone?” Or is your family constantly bickering about who gets to charge their device next? In today’s world, both situations are common. It certainly would be convenient to have an easily accessible USB outlet or two, not only […]
Homeowners insurance continues to be one of the essential types of coverage acquired and maintained by Americans in 2023. However, while these policies may be integral components of homeowners’ insurance portfolios, being common should not be mistaken for uncomplicated. Prospective and current policyholders should remain apprised of recent economic patterns and relevant industry trends to […]
Policies written specifically for hail risk are called Crop-Hail Insurance policies. These programs are designed to cover gaps left by Multi-Peril Crop Insurance (MPCI). Learn more about MPCI here. Crop-Hail insurance provides coverage to crops on a per acre basis. Though the primary peril insured against in Crop-Hail insurance is hail, coverage can be added […]
Are you confused by the term deductible? A deductible on a homeowners, condo, or renters policy is important as it helps policyholders cover losses affordably. Here’s how it works. How an insurance policy deductible works for you The deductible on an insurance policy is the sum of money a policyholder must pay before your insurance […]
To help minimize growing inflation concerns that have spanned across industry lines over the past few years, the Federal Reserve (Fed) has steadily been hiking up interest rates. Economic experts predict the Fed’s efforts will eventually pay off in 2023, with inflation issues subsiding throughout the year. Yet, some experts have forecasted that rising interest […]
