Category Archives: Finance Guide

Insurance companies have operating expenses, just like any other business, and want to make a profit. Insurance companies typically have an “expense ratio” of between 30-35% and claim handling expenses of about 10%. They would love to make a profit of 5-10%. The remaining 50% is for actual claim payments. The insurance company will charge […]

Asewer backup is when a waste line becomes blocked and wastewater backs up into your home. The United States According to the Association of California Water Agencies, more than 500,000 sewer backups occur each year. According to the Civil Engineering Research Foundation, sewer backups are growing at an average rate 3% per year. EPA estimates that between 23,000 and […]

A motor trade insurance company that understands your needs will be able to help you. There are many types of motor trade insurance policies. Each motor trader is different and each policy may not be applicable to everyone. While comprehensive motor trade insurance may seem appealing, the premiums can be quite high. You may also […]

With some variations, the insurance requirements of demolition contractors are not that different from their counterparts in construction. To avoid potential harms to workers or the public, contractors must be careful about their safe practices. Contractors in demolition need commercial general liability, company automobile insurance, property & contractors equipment, workers’ compensation to protect employees and […]

State Farm is the largest U.S. insurer and has 9.12% of the market. State Farm has been selling policies since 1922. It receives strong marks from third-party rating agency J.D. for financial strength and customer satisfaction. AM Best and Power. State Farm also offers auto insurance for homeowners, renters, and life insurance policies. Liberty Mutual, a household name […]

Are you thinking of cancelling your Zurich Gap Insurance but not sure where to start? You’re not alone. Many people find themselves needing to cancel their gap insurance for various reasons, whether it’s because they’ve sold or traded in their car, found a better deal elsewhere, or simply no longer need the coverage. Whatever the […]

There are two types of insurance policy: indemnity insurance or non-indemnity. What is indemnity? This is a guarantee to provide security or protection from possible harm, damage or loss. As compensation for any loss or damage, a lump sum is agreed upon in the policy. The following are the three main types of indemnity insurance. […]

Homeowners insurance policies typically cover natural disasters such as fire, lightning, hail and windstorms. Most homeowners insurance does not cover natural disasters such as earthquakes, tsunamis, or nuclear catastrophes. It is important to understand what homeowners insurance covers and does not cover in the event of a natural catastrophe. There are many types of policy available. Find […]

Are you planning a fun-filled camping trip with your family or friends? If so, owning a pop-up camper can make the experience even more enjoyable and comfortable. However, one question that often arises is: do pop-up campers need insurance? While it may not be legally required in some states, it’s always wise to have insurance […]

In today’s uncertain and litigious world, insurance is necessary for every aspect of life. Consumers are often confused about where to begin and how to select the best policy for them. Even for the most savvy buyer, shopping around for insurance is a daunting task. A reputable broker is the best option to help you […]