Running a business – even if you’re just a sole proprietorship – is one of the most challenging, yet rewarding things you can do for work. Of course, it’s not just about balancing revenue and expenses, satisfying your customers, and growing your brand’s presence in the market – you also need to cover your bases in other ways, such as properly insuring your business against potential problems. The issue with commercial insurance is that it can be incredibly complex and costly if you don’t thoroughly research your available options before … [Read more...] about CoverWallet Review – Simple and Fast Small Business Insurance Quotes
I saw a segment on the news recently that highlighted a family whose insurance company had canceled their renters' insurance policy. The family in question filed two claims against their policy over the holidays after burglars broke into their home before Christmas and again just before New Year's. As a result, their insurer dropped them.
Of course, the timing was horrible, and the local media covered the story exhaustively. But I'm glad the insurance company canceled their policy, and you should be happy, too. Here's why:
What are … [Read more...] about
Spotting fraudulent insurance claims is an important job for most insurance companies. The mounting losses from false and fraudulent insurance claims reported by customers can reach into the billions of dollars each year. Money lost from fraudulent insurance claims comes directly out of the insurance companies’ coffers and results in an overall insurance cost increase for honest customers. Many people mistakenly think that they can get away with filing a false claim, but the insurance industry watches claims … [Read more...] about Insurance Companies Can Easily Spot Fraudulent Insurance Claims
An act of God, believe it or not, is a legal term describing events outside human control, such as floods or other natural disasters, for which no one can be held accountable for themself. In contract law, an act of God may be interpreted as implied deference under the rule of impossibility. If that is the case, whatever contractual promise was made is discharged because you cannot sue for an act of God, which would result in unavoidable or insurmountable delay or expense. Why You Cannot Sue for Damages from an Act of God Since this act … [Read more...] about Why You Cannot Sue Your Neighbor or Insurance for an Act Of God
Every renter should have and needs renters insurance. Renters insurance, which is also often known as personal property insurance, is essential for every renter no matter what your circumstance. Many renters forgo this coverage, and as a result, are putting themselves in financial jeopardy should something happen. Why You Should Purchase Renters Insurance Individuals should consider getting renters insurance to protect their property should something happen. A common misconception among renters is that the landlord will cover damage to … [Read more...] about Why Every Renter Needs Renters Insurance
What would happen to your family members if you passed away unexpectedly? This is one of the most-dreaded questions any adult could hear, but it’s also one of the most important questions to consider because doing nothing could leave your family on the hook for tens of thousands of dollars (if not more) for medical expenses, debt repayments and funeral costs if they’re dependent on your income in any way. Life insurance is the most common preventive measure against the severe financial consequences associated with losing one or more … [Read more...] about Ethos Life Insurance Review – Fast Approval of Term Life Insurance