Insurance Articles

What is flood insurance? Flood insurance is a type of insurance coverage specifically designed to protect property owners and renters from financial losses caused by flooding. Traditional homeowners or renters insurance policies typically do not cover damages resulting from flooding, making flood insurance a separate and essential consideration for individuals residing in flood-prone areas. Here […]

In Springfield, Illinois (WICS) — Legislation supported by State Senator Paul Faraci to amend the minimum coverage requirements for farm mutual insurance companies was signed into law on Friday. The new law, known as Senate Bill 765, mandates that these companies maintain adequate catastrophic reinsurance instead of unlimited catastrophic reinsurance. This adjustment is expected to

In the aftermath of severe weather wreaking havoc in the region, many individuals are grappling with waterlogged or damaged vehicles. A local insurance adjuster is extending guidance to vehicle owners as they navigate their options for repairs following the recent storms. After concertgoers in Sunrise discovered their cars flooded outside the Amerant Bank Arena, property

Guidelines for Selecting Secure Smart Toys This Holiday Season As highlighted by the Federal Trade Commission, smart toys, akin to any smart device, carry the risk of unauthorized access by criminals. Erie Insurance, a provider of identity theft recovery coverage, aims to draw attention to these risks and offers guidance on what parents should consider

Securing Tailored Business Insurance Contemplating insurance is not a favorite pastime for most business owners. Many initially acquire coverage either at the inception of their enterprise or due to contractual obligations, subsequently renewing it annually as a recognized necessity. However, as businesses evolve, so should their insurance coverage. Two pivotal factors that can affect the

Key Points: – Homeowners insurance typically covers tree damage caused by specific perils, such as fire, windstorms, lightning, theft, aircraft, non-resident vehicles, vandalism, and malicious acts. – Factors affecting costs include tree type, age, and maintenance. – Home insurance does not cover removal of dangerous or diseased trees, but cleanup and removal costs may be

While the necessity of life insurance is often apparent in the early stages of life, the relevance for seniors might seem less clear. As individuals age, their financial responsibilities tend to shift, with grown-up children pursuing their own careers and financial independence. Despite these changes, experts emphasize that life insurance remains a crucial financial tool

Encouraging Uninsured Californians to Secure Affordable Health Insurance SACRAMENTO, Calif. — Approximately one million Californians currently lack health insurance, prompting a concerted effort to extend coverage through Covered California. Covered California, the health exchange facilitating subsidized coverage in alignment with the Affordable Care Act of 2010, commonly known as Obamacare, is leading the charge. Since

Not having auto insurance can have significant legal, financial, and personal consequences. The specific consequences may vary depending on the laws and regulations in your location, but here are some common outcomes: 1. Legal Consequences:    – Fines and Penalties: Many places require drivers to carry a minimum amount of auto insurance. If you’re caught

At a recent event hosted by the National Association of Insurance and Financial Advisors Apex East, Rob Petzold, regional vice president at Kansas City Life, emphasized the importance of addressing taxes in financial planning. Surprisingly, three-quarters of affluent clients admitted to not discussing tax strategies with their financial professionals. Petzold, along with Chris Bor, another