Had an Accident? Put Your Smart Phone to Use
Posted: April 1, 2025
Taking pictures after a car accident can be crucial for your insurance claim, as they provide irrefutable evidence of the damage, injuries and surrounding conditions, helping to establish fault and support your compensation claims. This is especially important after an incident that results in serious damage and/or injuries, which can result in legal action. Attorneys rely heavily on photographic evidence to build a compelling case....
Renter's Insurance, the Affordable Peace of Mind
Posted: March 17, 2025
Nearly half of renters are uninsured for fire, natural disaster and burglary, according to the Insurance Information Institute. Why do so many people take this unnecessary risk? Some may think that their landlord's insurance will cover any claims, or they think that only houses are broken into — and not apartments. But the fact is that more apartments are broken into than homes, and apartments...
Property Insurance Won’t Cover Mudslides, Landslides
Posted: March 11, 2025
Businesses and homes located in areas that have been hit by wildfires have another risk they face after the fires subside: flooding, landslides, debris and mudflows. And these events are not covered by a standard business property or homeowner's insurance policy. Areas affected by wildfires have a significantly increased risk of landslides, mudslides and mudflows due to the destruction of vegetation, which leaves the soil...
Expect to See Surcharges on Your Policy for the L.A. Fires
Posted: March 4, 2025
Even if you have a business or a home that was not affected by the recent wildfires in Los Angeles, you will likely see a surcharge to help pay for them on your next property insurance policy renewal. The state-run California FAIR Plan, which is the market of last resort when policyholders are unable to find coverage from private carriers, expects its total loss from...
More Contractors Increase Deductibles to Reduce Insurance Premiums
Posted: February 25, 2025
As construction projects become larger and more complicated, contractors are taking on more of the risk by increasing their builder's risk insurance deductibles, according to a recent report. Michael Cusack, executive vice president of insurance broker Alliant Specialty, told Insurance Business magazine that contractors are willing to take on more of the risk as those that have strong internal risk management regimens will be rewarded with...