One of the biggest questions consumers have regarding homeowner's insurance revolves around the amount of insurance to have on their home. Many assume the amount of dwelling coverage will be equal to the amount they paid for their house. That is not always the case.
There are different methods to determine the value of a house. Market value is the price paid for your house. Replacement cost is the price or cost it will take to rebuild your house in the same spot, same size and same quality of construction, at today's costs.
Insurance carriers insure homes for full replacement value, not the current market value.
Cybercrime is on the rise. All companies, large and small, are exposed to hacking, data breeches and network failures every day. It's not a matter of if your business will be hit but when. And when it happens, it can disrupt business, be very costly and damage the company's reputation.
Summer is almost upon us and it's time to prepare for boating season - especially here in the northeast. If your boat was in lay-up this winter, you'll want to check out this quick reference guide provided by our partners at Chubb.
Insurance for co-ops and condos is alot more complicated than homeowners insurance. When investing in these types of properties, it is important to understand the full implications of your responsibility and how it works and how it relates to your association insurance coverage. It's important to know what your responsibility will be if you have a claim.
Check out this article for more information, details and great examples of how to navigate this type of insurance if you own a condo or co-op.