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What Determines Car Insurance Rates

  Your auto insurance is based on more than your history as a driver. The amount you pay for auto insurance is determined by a complicated algorithm that takes many factors into consideration. Your driving history is just one variable used to calculate your rate. Read on to learn more about what auto insurance carriers look at when they determine your premium. Age is a key factor.  Younger drivers are considered the riskiest to insure due to their lack of experience behind the wheel. Most insurance carriers consider a “young driver” to be [...]

2024-04-16T13:25:31+00:00April 16th, 2024|

The Solar Panel Surge: How It’s Impacting Insurance

In the ever-evolving landscape of renewable energy, solar panels have emerged as a shining beacon of sustainability and efficiency. As more homeowners and businesses opt to use the power of the sun, the implications stretch far beyond just energy production. One often overlooked aspect of this solar revolution is its impact on insurance. Traditionally, insurance policies have been designed with conventional homes and buildings in mind. However, as the installation of solar panels increases, insurers face new challenges and opportunities. Let's talk about the various ways in which solar panels are reshaping the [...]

2024-04-15T15:17:57+00:00April 15th, 2024|

Navigating the Complex Terrain of Trucking Insurance: Essential Coverage for the Hauling Industry

Trucking insurance stands as a critical component of the transportation industry, protecting commercial truck drivers and businesses involved in the movement of goods across vast distances. The nature of this profession involves unique risks and challenges, making comprehensive insurance coverage indispensable for safeguarding against potential liabilities. From accidents on the road to cargo damage and regulatory compliance, trucking insurance serves as a safety net for both drivers and companies. In this article, we delve into the intricacies of trucking insurance, exploring its types, importance, and key considerations. Understanding Trucking Insurance Trucking insurance encompasses [...]

2024-04-02T17:31:19+00:00April 15th, 2024|

How Your Roof Impacts Your Insurance

Your roof serves as more than just a protective barrier against the elements; it can significantly affect your insurance rates. Many homeowners may not realize the crucial role their roof plays in determining insurance premiums. Understanding this impact is essential for making informed decisions about your home insurance coverage. Roof Age and Material One of the primary factors insurers consider is the age and material of your roof. Newer roofs made of durable materials such as asphalt shingles, metal, or tile generally command lower insurance premiums. These materials offer better resistance to weather [...]

2024-04-03T15:33:09+00:00April 3rd, 2024|

Insuring America’s Pastime: Exploring Insurance in the World of MLB

    Baseball, America's pastime, has captured the hearts of millions for generations. From the crack of the wooden bat to the roar of the crowd, the game weaves its magic across ballparks nationwide. However, beyond the diamond's glory lies a complex infrastructure that ensures the game's continuity, and insurance plays a vital role in protecting this cherished sport. Protecting Players and Teams Major League Baseball (MLB) is a multi-billion-dollar industry with valuable assets at stake. Among its most valuable are the players themselves. Without the players, there would be no baseball. MLB [...]

2024-04-02T19:16:13+00:00April 2nd, 2024|

Farm Insurance 101

Agriculture is the backbone of our world, providing sustenance and livelihoods for billions of people worldwide. However, farming comes with risks. Weather, damage to equipment, and injured employees are just some of the many challenges that farmers must face. This is where we can help, farm insurance offers protection and comfort to our Farmers who work tirelessly to feed the world. Farm insurance is more than just protecting your farm equipment. Farm insurance financially protects your farm in the event of a covered loss.  These policies cover your farm for a range [...]

2024-03-04T19:40:34+00:00March 4th, 2024|

Hard Market FAQ

After decades of low premiums and abundant capacity - their willingness to accept new or increased risk –  the insurance market is experiencing a hard market. This is when premiums increase, coverage terms are restricted, and competition for most types of insurance decreases; in other words, insurance is getting more expensive and harder to find. A hard market can lead to a ton of questions. Let’s look at a few and go over the answers. What is a “hard market” in insurance? A hard market means insurance companies are raising rates and restricting [...]

2024-02-06T16:43:12+00:00February 6th, 2024|

Hard Market 101

You’ve already heard about how inflation is affecting everything, including insurance premiums and claims. Rates are rising and insurance is becoming harder to get. This situation is what we in the insurance industry refer to as a “hard market.” What causes a hard market? Hard markets are caused by many factors, these can include increased underwriting loss – a loss made by an insurance company in a particular period- , increases in natural disaster claims, increased litigation costs, and increased economic challenges. All of these factors make it more expensive for insurance companies [...]

2024-02-06T16:37:43+00:00February 6th, 2024|

Non Profit Insurance 101

Nonprofit organizations and their staff handle enormous and varied responsibilities each day - from managing tight budgets to engaging volunteers and donors to fulfilling the organization's mission.  Since so many nonprofits are singularly focused on a particular cause, organizations often neglect to identify and protect against risks that could leave the organization and its board members and officers exposed. This is where Nonprofit insurance comes in. Nonprofit insurance is business insurance designed to accommodate the needs of a nonprofit organization. It’s crucial for nonprofits because it can protect against various risks, from a [...]

2024-01-12T19:09:33+00:00January 12th, 2024|

How To Get Non-Profit Insurance In 5 Easy Steps

Learning how to get non-profit insurance that matches your organization’s unique needs is easier if you approach it in small steps. Follow these five time-saving steps to get started. Do your research. When was the last time you bought something that required assembly and ignored the instructions? How did you know it was built correctly? It’s hard to know for sure unless you followed the steps. Getting the right small business insurance is no different. Learning about the types of non-profit insurance coverage is like reading the instructions. Although you may want to [...]

2024-01-12T19:09:01+00:00January 12th, 2024|
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