Year: 2009

Why You May Need A Personal Umbrella Policy

With a Personal Umbrella Insurance policy, you get an additional layer of liability coverage beyond that provided by your homeowner's, auto, boat, and recreational vehicle policies. Coverage is usually issued in one million dollar increments. What It Isn't Personal Umbrella Insurance does not provide basic home, auto, boat, or RV coverage. It only kicks in after the limits to these standard policies are exhausted. In... Read Article

Auto Insurance Coverage Choices Minnesota

Auto insurance will never qualify as "easy to understand" and that increases the chances you could make a costly mistake. I hope you know that your auto insurance actually provides seven primary types of coverage in Minnesota: three are mandatory and two are optional. Everybody is required to have Bodily Injury Liability, which provides coverage if you or anyone else is injured, and Property Liability... Read Article

What Type Of Coverage Do I Need for My Condo?

If you have purchased a condo or co-op, the bank will require insurance to protect its investment in your home. You may, however, need more insurance to cover your personal items, liability or fees that may be charged to you regarding shared areas of the building like the lobby. You will need two separate policies to protect your investment: 1. Your Own Insurance Policy. This... Read Article

What is Professional Liability/Errors & Omissions?

Errors and Omissions Insurance protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract. Coverage includes legal defense costs - no matter how baseless the allegations. Errors and Omissions Insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.... Read Article

Why Are Homeowners Insurance Rates Rising?

Homeowners know that the price they pay for insurance depends on factors like type of construction, age of the home and the quality of local fire protection services. Nevertheless, it is the extraordinary number of catastrophes, the high cost of home repairs, the aging of the U.S. housing stock and the emergence of mold claims (yes, I said mold) that are pushing homeowners insurance rates... Read Article