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Businesses typically request COIs from third parties in order to verify they possess adequate insurance coverage to complete their projects safely and protect themselves from liability should an incident occur which would be covered under their policy. Any small business or independent professional providing services with potential for financial loss must provide a Certificate of […]

Homeowners insurance provides coverage for many aspects of homeownership; however, not everything. For instance, if your dishwasher springs a leak and damages the floor in your kitchen, homeowners insurance may cover some or all of the damage – but only if it was sudden and accidental. But what about bathtub leaks? NerdWallet investigates whether homeowners […]

Homeowners insurance is an invaluable way to safeguard both your possessions and financial wellbeing against unexpected events. It can protect against property damage, liability issues and additional living costs. When renting out your home, landlord insurance policies provide essential protections. This article outlines their key differences. Property Coverage Homeowners insurance provides essential protection in the […]

Car insurance companies generate revenue by selling policies with premiums attached in return. They also make money through investments and other sources, which helps cover costs while providing financial security in case of claims. Drivers with poor credit tend to pay more for car insurance due to insurers charging them higher premiums as compensation for […]

Short-term medical insurance plans offer temporary health coverage that are lightly-regulated, noncompliant with Affordable Care Act guidelines, and provide limited benefits at higher costs. They’re generally offered across most states. If you’re considering purchasing a short-term plan, be sure to read all of its fine print before making your decision. Furthermore, research the insurer and […]

Comprehensive insurance can often depend on both the value of your car and where you live, for instance if there are frequent weather-related disasters or high car theft rates in your area, then additional cost could be worth paying out for. Comprehensive insurance typically pays to repair or replace your vehicle minus an insurance deductible. […]

An Assignment of Commissions contract allows producers to trade off selling their own book of business for more of a stable paycheck and support from an agency or MGA. As part of an override arrangement, they generally reimburse their upline with a certain percentage back – this may include office space rental fees and marketing […]

Employers typically offer healthcare, dental and short-term disability coverage as part of a benefits package for employees, with premiums being deducted pre-tax from payroll checks. FSAs can offer employees who pay out-of-pocket medical expenses predictable tax savings by lowering taxable income, which in turn lowers FICA and FUTA payroll taxes. Fica Tax FICA (Federal Insurance […]

Medical payments car insurance (MedPay) provides coverage that pays for medical expenses following an accident, up to its policy limits. MedPay may cover medical deductibles and copays as well as costs such as ambulance fees, chiropractic treatment or dental work. But is it really worth it? Read on to gain more knowledge of its operation, […]

A lender’s title policy protects mortgage lenders in Illinois against property-related risks like undisclosed heirs or forgery; typically ranging between 0.5%-1.0% of the home sale price, these policies typically cost 0.5%-1.0%. Homeowner’s policies aren’t required by law, but are recommended in order to avoid potential legal disputes related to ownership. Plus, this one-off payment provides […]