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As businesses grow, they inevitably face a variety of risks and challenges. One of the most common is insurance—which can help cushion businesses from financial damages caused by accidents or natural disasters. In this blog post, we will walk you through the process of calculating an insurance settlement, so that you can get a better […]

Flood damage isn’t covered by homeowners’ insurance, so many New Yorkers must purchase separate coverage to protect themselves against flood risk. This is particularly applicable when purchasing property located within high risk flood zones. Under federal rules, mortgage lenders must require people buying property in high risk areas to purchase flood insurance before closing on […]

You want to be a responsible homeowner and protect your largest financial investment. This almost always means that you should have homeowners coverage from an reliable company. This policy will provide financial protection for your home against a wide range of perils. Homeowners often assume that their homeowners insurance policy covers water damage and that floods are covered. This is false. This is because […]

Term life insurance is a great option for providing substantial insurance coverage, but only for a short time. Nearly all major life insurance companies sell term life policies to offer greater protection in specific circumstances. Young families with children may find term attractive because of the low cost and the large death benefit that the beneficiaries receive in […]

A standard auto policy will include property damage liability as one of the coverages. The majority of states in the U.S. require drivers to have at least some coverage for property damage liability before they can drive legally. Property damage coverage is an integral part your car insurance policy. “Property Damage Liability Coverage is required whenever there […]

While death is the end of most human connections, it does not mean that debt will be. If you leave money unpaid while you’re still alive, the debt will continue to grow and must be paid. You can have debt in many forms, including a personal loan or a mortgage. They all must be paid off, regardless of […]

Nonprofit directors and officers face significant personal liability if they fail to take appropriate steps to safeguard their personal assets, making D&O insurance an indispensable safeguard. Liability policies vary significantly by insurer; here, we highlight some key issues. Coverage Nonprofit organizations must consider multiple forms of insurance to safeguard both themselves and those they employ, […]

Life insurance proceeds generally don’t pass through probate as they are distributed directly to their designated beneficiary who considers it theirs. But in instances in which a policy beneficiary has died or been lost to us, does that alter how our life insurance payout is distributed? What is Probate? Probate is the legal process wherein […]

You may have seen Standard & Poor’s (S&P), or read about financial products such as insurance in the local newspaper. It is crucial for consumers to know the company and its rating system in order to make informed financial decisions. Financial professionals highly value S&P’s business intelligence, which is the result of extensive data-driven research. Understanding Standard […]

You may be unable to find homeowners insurance in an area that is prone to fire. Consider looking at surplus line carriers, private carriers or the state’s plan. It can be difficult to find homeowners insurance in areas where there are frequent fires. In West Coast fire-prone areas, some insurers have stopped renewing or cancelling policies. It […]