Will My Home Insurance Cover Pipe Leaks and Other Plumbing Issues?

If you have homeowners insurance, it should provide coverage for any unexpected water damage due to a plumbing issue or pipe leak. However, most homeowners insurance policies do not cover damages to the home that started small and aggravated gradually, such as a gradual leak or damage due to regional flooding. Also, your home insurance Read More

Why Mortgage Lenders Require Homeowners to Buy Home Insurance

Mortgage lenders will require you to purchase a homeowners insurance policy to help repair or rebuild the home in case of a potential fire or storm damage. After getting approved for a mortgage, you will be required to provide multiple documents to officially close on the loan. The required documents include proof of homeowners insurance Read More

Negotiating Your Car’s Value with the Insurer After an Accident

If you are involved in a car accident, you may have to file a claim to get compensation from an insurance company. However, this process is not as straightforward as it seems. Most insurers will want to pay the least amount possible to cover your damages since approved claims are a loss to them. After Read More

5 Tips to Save on Car Insurance for Young Drivers

Finally getting to drive or owning a car as a young person can be exciting. However, there is a downside to it, which is getting an affordable auto insurance policy. As a young driver, you are more likely to pay more for an auto insurance policy. According to statistics, younger drivers are more expensive to Read More

Workers’ Comp for Businesses with No Employees: Why Is It Needed

Workers’ comp policy is a state-regulated insurance system that covers the medical expenses and wages lost during period(s) of inactivity as a result of work-related injuries or sickness. Most states, including Texas, do not require you to have a workers’ comp policy for your small business. Choosing not to pay for workers’ compensation may seem Read More

Will My Homeowners Insurance Cover Damages Caused By Burst Pipes?

Consider this scenario. After a long and stressful day at work, you come home, only to find water running out from under your kitchen door. You quickly approach the door, run into the kitchen and find the source of this internal flood- a burst pipe under the kitchen sink. Repairing and replacing the burst pipes Read More

A Basic Guide to Business Interruption Coverage

Several disconcerting events like natural disasters, fires or cyber-attacks can lead to serious interruptions in businesses. A lot of resources are needed to repair a building, get a new location, or stock inventory. Therefore, discontinued business operations can result in an imbalance in cash flow, which may eventually shut down the business. This is a Read More

Tips for Lowering Your Homeowners Insurance Cost

Owning a house comes with significant expenses. However, the amount paid for home insurance will differ depending on factors such as your age and the location of your home. On average, homeowners insurance premium coverage costs $1200 per annum. Most mortgage companies require you to get a certain level of homeowners insurance. The first step Read More