Home Insurance Coverage

Home Insurance Coverage

From time to time people wonder what exactly are the home insurance policies cover. Normally homeowners insurance covers damage made to your home made by fire, hail, ice, lightning, sleet, smoke, snow, theft, vandalism, and wind.

Some or most Insurance Companies will also let your policy cover these areas:

- Medical payments
– Plumbing mishaps
– Personal liability
– Replacement costs
– Your possessions (both on and off the premises)

At the time when you’ll be getting your Insurance Quote, remember to ask your Insurance agent regarding these types of coverages. Did you know that some Insurance companies can provide a personal liability coverage which may insure you up to $500,000 in case of someone getting hurt inside of your home (or even if you accidentally hurt somebody on the golf course). The Insurance Coverage called Off-premise will generally protect your things, even the ones in your trunk, to a varying extent that depends on limits and deductibles. Continue reading

Errors and Omission Coverage

Errors and Omission Coverage

Even if your business is already established and is running smoothly, this is not a complete guarantee for your business not to face lawsuits. With just a perfect accusation plotted towards your company, everything you’ve worked for can be gone in an instant and you’ll be left with a ruined reputation and financial turmoil. This is the reason why Errors and Omission or E&O policy (also known as professional liability insurance) is in place.

You might ask if E&O is really necessary? Here is an insight. The National Association of Professional Agents says that at one point in their entire profession one out of seven businesses will have an E&O claim and the average expenditure to settle such claim amounts to roughly $16,000. As you decide whether or not to purchase an E&O policy, here are some central matters to consider. Continue reading