With recent advances in both technology and the internet, even more people are running home-based businesses, full-time or part-time. But will your homeowner's policy cover the risks of a home-based business? In nearly every case, the answer is no.
College students used to show up to their dorms with not much more than the clothes on their backs, a couple of suitcases full of odds and ends, and maybe a small stereo. Laptops were unheard of, gadgets didn't exist, and the only phone they'd have access to was a community phone in the hall. Now that technology has evolved, students are heading to college with many more valuables.
When a data breach occurs, quick action is important to help restore the public’s confidence if your a business victimized by a cyber attack.
There were over 77 million domestic dogs residing in homes across the United States between 2015 and 2016. This was a finding in a survey conducted by the American Pet Products Association. According to the Centers for Disease Control, there are over 4.5 million dog bites reported each year. Of that amount, almost 900,000 require medical care, and about 50 percent of those cases involve children. While some insurers will cover most dogs, some will not insure a long list of specific breeds. Dobermans and pit bulls are on many of the exclusion lists. Some insurers do not discriminate by breed and instead determine a dog's status by individual evaluation.
Most people know the importance of insurance protection. You don't want to be without it when problems strike. What many don't realize, however, is that protecting themselves with insurance isn't a once and done event. You don't wear the same pants you did when you were five years old because, besides no longer being in style, they simply don't fit. A homeowner's policy purchased when your house was furnished with bean bag chairs and bar stools is no longer going to "fit" once you're lounging on Italian leather sofas while watching television on your wall mounted plasma screen. Life is constantly changing, and your insurance policies should reflect that.
More than 45 years have passed since Dennis Hopper and Peter Fonda expressed the ultimate picture of freedom by riding motorcycles on the open road. While the generation that witnessed those iconic riders may be seeing more silver in their hair, many are still enamored with their motorcycles and use them just as much if not more than they did in the past.
Home insurance provides some peace of mind and financial security for families. However, fire prevention should still be a priority. Fire-resistant features can provide discounts on home insurance and may help offset the costs of purchasing and installing them.
About 90 percent of natural disasters in the United States include flooding. However, less than 20 percent of homeowners and renters buy flood insurance according to a research conducted for the Insurance Information Institute. According to the research, homeowners and renters underestimate their flood risks, and some people may not know if their area of residence is in a high-risk flood zone. Being in an area with a moderate or low risk is still an issue. According to III, about 20 percent of claims come from individuals who live in areas with a moderate or low flood risk.
For many Americans, a vehicle is like a second home. When it is involved in an accident or breaks down, the next step towards getting it back on the road is to call a towing company. Although the majority of towing companies are reputable and honest, some may try to scam consumers. From inflated rates to fictitious fees, there are several ways that dishonest companies take advantage of unassuming consumers.
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